Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $9.7B | $10.9B | $10.3B | $9.5B |
| YoY | — | +13.3% | +13.0% | -6.0% | -7.1% |
| Cost of goods sold | $5.9B | $7.3B | $8.3B | $7.9B | $7.6B |
| YoY | — | +24.6% | +14.4% | -4.9% | -4.3% |
| Gross profit | $2.7B | $2.4B | $2.6B | $2.3B | $2.0B |
| YoY | — | -11.3% | +8.5% | -9.6% | -16.4% |
| Research & development | $86.0M | $112.0M | $146.0M | $130.0M | $125.0M |
| YoY | — | +30.2% | +30.4% | -11.0% | -3.8% |
| Selling, general & administrative | $633.0M | $824.0M | $1.1B | $1.0B | $899.0M |
| YoY | — | +30.2% | +30.7% | -4.1% | -13.0% |
| Operating income | $1.9B | $1.4B | $1.7B | $-720.0M | $-786.0M |
| YoY | — | -29.2% | +20.8% | -143.2% | -9.2% |
| Pretax income | $2.2B | $1.4B | $1.2B | $-1.0B | $-1.2B |
| YoY | — | -36.8% | -18.3% | -187.8% | -19.7% |
| Income tax | $330.0M | $-489.0M | $-795.0M | $507.0M | $-90.0M |
| YoY | — | -248.2% | -62.6% | +163.8% | -117.8% |
| Net income | $1.9B | $1.9B | $1.9B | $-1.5B | $-1.2B |
| YoY | — | +0.2% | +2.6% | -179.4% | +24.4% |
| EPS — basic | $16.99 | $17.48 | $17.85 | $-14.11 | $-10.64 |
| YoY | — | +2.9% | +2.1% | -179.0% | +24.6% |
| EPS — diluted | $16.86 | $17.34 | $17.76 | $-14.11 | $-10.64 |
| YoY | — | +2.8% | +2.4% | -179.4% | +24.6% |
| Weighted shares — basic | 111.2M | 108.4M | 108.8M | 109.3M | 109.5M |
| Weighted shares — diluted | 112.1M | 109.2M | 109.4M | 109.3M | 109.5M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.2B | $1.4B | $1.2B | $1.1B | $922.0M |
| YoY | — | +18.8% | -9.9% | -9.8% | -17.8% |
| Inventory | $1.5B | $2.8B | $2.4B | $2.3B | $2.2B |
| YoY | — | +84.3% | -16.1% | -3.1% | -2.8% |
| Total current assets | $3.8B | $6.6B | $6.2B | $5.1B | $5.7B |
| YoY | — | +73.7% | -5.9% | -17.6% | +11.1% |
| Total assets | $12.0B | $26.3B | $26.6B | $22.8B | $21.7B |
| YoY | — | +119.4% | +1.2% | -14.1% | -5.0% |
| Total current liabilities | $2.5B | $4.1B | $4.1B | $3.9B | $3.7B |
| YoY | — | +62.4% | +0.1% | -4.5% | -5.3% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $4.2B | $5.6B | $7.1B | $5.1B | $4.0B |
| YoY | — | +34.6% | +25.3% | -27.4% | -21.1% |
| Shares outstanding | 108.0M | 108.5M | 108.9M | 109.3M | — |
| YoY | — | +0.5% | +0.4% | +0.4% | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.8B | $1.8B | $1.9B | $966.0M | $1.1B |
| YoY | — | +3.5% | +4.4% | -49.1% | +18.6% |
| Capital expenditures | $467.0M | $543.0M | $568.0M | $435.0M | $343.0M |
| YoY | — | +16.3% | +4.6% | -23.4% | -21.1% |
| Free cash flow | $1.3B | $1.3B | $1.3B | $531.0M | $803.0M |
| YoY | — | -1.1% | +4.3% | -60.1% | +51.2% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 31.4% | 24.6% | 23.6% | 22.8% | 20.5% |
| Operating margin | 22.8% | 14.2% | 15.2% | -7.0% | -8.2% |
| Net margin | 22.1% | 19.6% | 17.8% | -15.0% | -12.2% |
| Free cash flow margin | 15.1% | 13.2% | 12.2% | 5.2% | 8.4% |
| Effective tax rate | 14.7% | -34.4% | -68.5% | -49.8% | 7.4% |
| Current ratio | 1.52x | 1.63x | 1.53x | 1.32x | 1.55x |
| Total liabilities / equity | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CE FY25 · this stock | $9.5B | -7.1% | 20.5% | -8.2% | -12.2% | 8.4% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.