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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.7B | $1.9B | $1.7B | $1.9B | $2.0B | $2.2B |
| YoY | — | — | — | — | +21.1% | +22.8% | +19.4% | +17.6% |
| Cost of goods sold | $926.0M | $1.0B | $1.1B | $1.1B | $1.0B | $1.1B | $1.2B | $1.1B |
| YoY | — | — | — | — | +10.9% | +10.7% | +13.7% | -5.1% |
| Gross profit | $444.0M | $524.0M | $572.0M | $755.0M | $632.0M | $765.0M | $746.0M | $1.1B |
| YoY | — | — | — | — | +42.3% | +46.0% | +30.4% | +51.7% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $78.0M | $78.0M | $84.0M | $101.0M | $88.0M | $91.0M | $103.0M | $89.0M |
| YoY | — | — | — | — | +12.8% | +16.7% | +22.6% | -11.9% |
| Operating income | $364.0M | $441.0M | $455.0M | $648.0M | $580.0M | $617.0M | $863.0M | $1.1B |
| YoY | — | — | — | — | +59.3% | +39.9% | +89.7% | +73.0% |
| Pretax income | $400.0M | $433.0M | $437.0M | $635.0M | $565.0M | $602.0M | $844.0M | $1.1B |
| YoY | — | — | — | — | +41.2% | +39.0% | +93.1% | +72.1% |
| Income tax | $59.0M | $41.0M | $86.0M | $143.0M | $105.0M | $107.0M | $168.0M | $224.0M |
| YoY | — | — | — | — | +78.0% | +161.0% | +95.3% | +56.6% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $1.55 | — | $1.85 | $2.37 | $2.19 | — | $3.99 | $4.74 |
| YoY | — | — | — | — | +41.3% | — | +115.7% | +100.0% |
| EPS — diluted | $1.55 | — | $1.85 | $2.37 | $2.19 | — | $3.98 | $4.73 |
| YoY | — | — | — | — | +41.3% | — | +115.1% | +99.6% |
| Weighted shares — basic | 178.4M | — | 168.6M | 162.9M | 161.0M | — | 154.2M | 153.6M |
| Weighted shares — diluted | 178.6M | — | 168.8M | 163.1M | 161.2M | — | 154.5M | 153.9M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $482.0M | $404.0M | $582.0M | $586.0M | $602.0M | $488.0M | $726.0M | $718.0M |
| YoY | — | — | — | — | +24.9% | +20.8% | +24.7% | +22.5% |
| Inventory | $301.0M | $314.0M | $351.0M | $316.0M | $367.0M | $383.0M | $371.0M | $415.0M |
| YoY | — | — | — | — | +21.9% | +22.0% | +5.7% | +31.3% |
| Total current assets | $2.9B | $2.5B | $2.4B | $2.7B | $3.0B | $3.0B | $3.4B | $3.8B |
| YoY | — | — | — | — | +4.5% | +18.5% | +39.4% | +40.2% |
| Total assets | $13.8B | $13.5B | $13.3B | $13.8B | $14.2B | $14.1B | $14.6B | $15.1B |
| YoY | — | — | — | — | +2.6% | +4.6% | +9.8% | +9.8% |
| Total current liabilities | $1.0B | $818.0M | $939.0M | $830.0M | $1.3B | $887.0M | $958.0M | $772.0M |
| YoY | — | — | — | — | +29.3% | +8.4% | +2.0% | -7.0% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $5.2B | $5.0B | $4.8B | $5.0B | $4.8B | $4.8B | $5.3B | $5.7B |
| YoY | — | — | — | — | -6.6% | -2.9% | +11.8% | +15.8% |
| Shares outstanding | — | 169.9M | — | — | — | 153.6M | — | — |
| YoY | — | — | — | — | — | -9.6% | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $931.0M | $420.0M | $586.0M | $563.0M | $1.1B | $539.0M | $496.0M | $878.0M |
| YoY | — | — | — | — | +14.3% | +28.3% | -15.4% | +56.0% |
| Capital expenditures | $139.0M | $197.0M | $132.0M | $245.0M | $347.0M | $226.0M | $223.0M | $271.0M |
| YoY | — | — | — | — | +149.6% | +14.7% | +68.9% | +10.6% |
| Free cash flow | $792.0M | $223.0M | $454.0M | $318.0M | $717.0M | $313.0M | $273.0M | $607.0M |
| YoY | — | — | — | — | -9.5% | +40.4% | -39.9% | +90.9% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $490.0M | $375.0M | $444.0M | $216.0M | $360.0M | $345.0M | $28.0M | $225.0M |
| YoY | — | — | — | — | -26.5% | -8.0% | -93.7% | +4.2% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 32.4% | 34.4% | 34.4% | 39.9% | 38.1% | 40.9% | 37.6% | 51.5% |
| Operating margin | 26.6% | 28.9% | 27.4% | 34.3% | 35.0% | 33.0% | 43.5% | 50.5% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | 57.8% | 14.6% | 27.3% | 16.8% | 43.2% | 16.7% | 13.7% | 27.3% |
| Effective tax rate | 14.8% | 9.5% | 19.7% | 22.5% | 18.6% | 17.8% | 19.9% | 20.5% |
| Current ratio | 2.81x | 3.08x | 2.59x | 3.22x | 2.27x | 3.37x | 3.54x | 4.86x |
| 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 |
|---|---|---|---|---|---|---|
| CF FY11 · this stock | — | — | — | — | — | — |
| 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.