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 | $13.0B | $14.2B | $16.5B | $14.0B | $15.0B | $13.4B | $15.8B | $19.2B |
| YoY | — | — | — | — | +15.3% | -5.9% | -4.6% | +36.8% |
| Cost of goods sold | $4.7B | $5.1B | $6.2B | $5.1B | $5.9B | $5.2B | $6.3B | $6.7B |
| YoY | — | — | — | — | +23.4% | +2.4% | +1.5% | +32.0% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $186.0M | $630.0M | $191.0M | $250.0M | $271.0M | $181.0M | $193.0M | $188.0M |
| YoY | — | — | — | — | +45.7% | -71.3% | +1.0% | -24.8% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $3.2B | $3.0B | $4.5B | $3.0B | $2.9B | $2.2B | $3.4B | $6.1B |
| YoY | — | — | — | — | -9.5% | -24.4% | -24.7% | +101.6% |
| Income tax | $1.2B | $664.0M | $1.6B | $1.0B | $1.2B | $803.0M | $1.2B | $2.2B |
| YoY | — | — | — | — | +2.2% | +20.9% | -27.0% | +105.6% |
| Net income | $2.1B | $2.3B | $2.8B | $2.0B | $1.7B | $1.4B | $2.2B | $3.9B |
| YoY | — | — | — | — | -16.2% | -37.5% | -23.4% | +99.4% |
| EPS — basic | $1.77 | — | $2.23 | $1.56 | $1.38 | — | $1.78 | $3.23 |
| YoY | — | — | — | — | -22.0% | — | -20.2% | +107.1% |
| EPS — diluted | $1.76 | — | $2.23 | $1.56 | $1.38 | — | $1.78 | $3.23 |
| YoY | — | — | — | — | -21.6% | — | -20.2% | +107.1% |
| Weighted shares — basic | 1.16B | — | 1.27B | 1.26B | 1.25B | — | 1.22B | 1.21B |
| Weighted shares — diluted | 1.16B | — | 1.27B | 1.26B | 1.25B | — | 1.23B | 1.21B |
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 | $5.2B | $5.6B | $6.3B | $4.9B | $5.3B | $6.5B | $5.9B | $6.6B |
| YoY | — | — | — | — | +0.7% | +15.9% | -6.8% | +34.1% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | $1.5B | $1.8B | $1.8B | $1.9B | $1.7B | $1.9B | $1.9B | $1.9B |
| YoY | — | — | — | — | +15.0% | +3.5% | +3.6% | -0.9% |
| Total current assets | $14.0B | $15.6B | $16.9B | $13.9B | $15.9B | $15.5B | $16.2B | $19.2B |
| YoY | — | — | — | — | +13.6% | -0.7% | -4.0% | +37.7% |
| Total assets | $96.7B | $122.8B | $124.3B | $122.6B | $122.5B | $121.9B | $122.7B | $124.3B |
| YoY | — | — | — | — | +26.7% | -0.7% | -1.2% | +1.4% |
| Total current liabilities | $10.8B | $12.1B | $13.3B | $11.0B | $12.0B | $12.0B | $12.6B | $12.5B |
| YoY | — | — | — | — | +11.6% | -1.3% | -5.6% | +13.3% |
| Total liabilities | $46.8B | $58.0B | $59.0B | $57.0B | $57.5B | $57.5B | $58.2B | $58.9B |
| YoY | — | — | — | — | +22.9% | -0.9% | -1.4% | +3.3% |
| Total equity | $49.9B | $64.8B | $65.2B | $65.6B | $64.9B | $64.5B | $64.5B | $65.3B |
| YoY | — | — | — | — | +30.2% | -0.5% | -1.1% | -0.3% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $5.8B | $4.5B | $6.1B | $3.5B | $5.9B | $4.3B | $4.3B | $7.4B |
| YoY | — | — | — | — | +2.0% | -3.1% | -29.8% | +113.3% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.2B | $1.9B | $1.5B | $1.2B | $1.3B | $1.0B | $1.0B | $2.0B |
| YoY | — | — | — | — | +9.2% | -47.6% | -32.9% | +63.7% |
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 | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 15.8% | 16.2% | 17.2% | 14.1% | 11.5% | 10.8% | 13.9% | 20.5% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 36.4% | 22.4% | 36.2% | 34.7% | 41.1% | 35.8% | 35.1% | 35.4% |
| Current ratio | 1.30x | 1.29x | 1.27x | 1.27x | 1.32x | 1.30x | 1.29x | 1.54x |
| Total liabilities / equity | 0.94x | 0.89x | 0.90x | 0.87x | 0.89x | 0.89x | 0.90x | 0.90x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| COP FY25 · this stock | $58.9B | +7.7% | — | — | 13.6% | — |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.