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 | $17.4B | $18.0B | $19.5B | $20.1B | $20.4B |
| YoY | — | +3.1% | +8.3% | +3.3% | +1.4% |
| Cost of goods sold | $7.0B | $7.7B | $8.1B | $7.9B | $8.1B |
| YoY | — | +9.6% | +5.3% | -2.3% | +2.4% |
| Gross profit | $10.4B | $10.2B | $11.3B | $12.2B | $12.3B |
| YoY | — | -1.2% | +10.5% | +7.4% | +0.7% |
| Research & development | $307.0M | $320.0M | $343.0M | $355.0M | $366.0M |
| YoY | — | +4.2% | +7.2% | +3.5% | +3.1% |
| Selling, general & administrative | $6.4B | $6.6B | $7.2B | $7.7B | $7.9B |
| YoY | — | +2.5% | +8.9% | +8.1% | +2.3% |
| Operating income | $3.3B | $2.9B | $4.0B | $4.3B | $3.3B |
| YoY | — | -13.2% | +37.7% | +7.1% | -22.5% |
| Pretax income | $3.1B | $2.7B | $3.4B | $4.0B | $3.1B |
| YoY | — | -13.8% | +27.5% | +16.6% | -22.7% |
| Income tax | $749.0M | $693.0M | $937.0M | $907.0M | $798.0M |
| YoY | — | -7.5% | +35.2% | -3.2% | -12.0% |
| Net income | $2.2B | $1.8B | $2.3B | $2.9B | $2.1B |
| YoY | — | -17.6% | +28.9% | +25.6% | -26.2% |
| EPS — basic | $2.56 | $2.13 | $2.78 | $3.53 | $2.64 |
| YoY | — | -16.8% | +30.5% | +27.0% | -25.2% |
| EPS — diluted | $2.55 | $2.13 | $2.77 | $3.51 | $2.63 |
| YoY | — | -16.5% | +30.0% | +26.7% | -25.1% |
| Weighted shares — basic | 845.0M | 836.4M | 827.4M | 819.1M | 808.7M |
| Weighted shares — diluted | 848.3M | 838.8M | 829.2M | 823.2M | 811.1M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $832.0M | $775.0M | $966.0M | $1.1B | $1.3B |
| YoY | — | -6.9% | +24.6% | +13.5% | +17.5% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.3B | $1.5B | $1.6B | $1.5B | $1.7B |
| YoY | — | +16.0% | +5.5% | -4.1% | +10.1% |
| Inventory | $1.7B | $2.1B | $1.9B | $2.0B | $2.0B |
| YoY | — | +22.6% | -6.8% | +2.7% | +2.3% |
| Total current assets | $4.4B | $5.1B | $5.3B | $5.3B | $5.7B |
| YoY | — | +16.3% | +3.2% | +0.7% | +7.4% |
| Total assets | $15.0B | $15.7B | $16.4B | $16.0B | $16.3B |
| YoY | — | +4.6% | +4.2% | -2.1% | +1.8% |
| Total current liabilities | $4.1B | $4.0B | $4.7B | $5.8B | $6.9B |
| YoY | — | -1.2% | +18.4% | +21.5% | +19.0% |
| Total liabilities | $14.1B | $14.9B | $15.4B | $15.5B | $16.0B |
| YoY | — | +6.1% | +3.4% | +0.4% | +3.0% |
| Total equity | $609.0M | $401.0M | $609.0M | $212.0M | $54.0M |
| YoY | — | -34.2% | +51.9% | -65.2% | -74.5% |
| Shares outstanding | 840.5M | 830.2M | 821.4M | 812.6M | 801.2M |
| YoY | — | -1.2% | -1.1% | -1.1% | -1.4% |
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 | $3.3B | $2.6B | $3.7B | $4.1B | $4.2B |
| YoY | — | -23.1% | +46.5% | +9.7% | +2.2% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $1.3B | $1.3B | $1.1B | $1.7B | $1.2B |
| YoY | — | -0.9% | -13.8% | +54.2% | -30.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 59.6% | 57.0% | 58.2% | 60.5% | 60.1% |
| Operating margin | 19.1% | 16.1% | 20.5% | 21.2% | 16.2% |
| Net margin | 12.4% | 9.9% | 11.8% | 14.4% | 10.5% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 24.3% | 26.1% | 27.6% | 22.9% | 26.1% |
| Current ratio | 1.09x | 1.28x | 1.11x | 0.92x | 0.83x |
| Total liabilities / equity | 23.10x | 37.22x | 25.35x | 73.12x | 295.65x |
Peer comparison — latest full year
Same sector (Consumer Staples), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CL FY25 · this stock | $20.4B | +1.4% | 60.1% | 16.2% | 10.5% | — |
| WMT FY26 | $713.2B | +4.7% | — | 4.2% | 3.1% | 2.1% |
| COST FY26 | $303.2B | +10.1% | — | 3.9% | 3.0% | 3.1% |
| KR FY26 | $147.6B | +0.4% | — | 1.3% | 0.7% | — |
| PEP FY25 | $93.9B | +2.3% | 54.1% | 12.2% | 8.8% | — |
| PG FY26 | $87.0B | +3.3% | — | 22.7% | 18.4% | 17.4% |
| SYY FY26 | $84.6B | +3.9% | 18.5% | 3.7% | 2.1% | — |
| ADM FY25 | $80.3B | -6.2% | 6.3% | — | 1.3% | 5.2% |
| TSN FY25 | $54.4B | +2.1% | 6.5% | 2.0% | 0.9% | 2.2% |
| KO FY25 | $47.9B | +1.9% | 61.6% | 28.7% | 27.3% | 11.0% |
| PM FY25 | $40.6B | +7.3% | 67.1% | 36.6% | 27.9% | 26.2% |
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.