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 | $10.5M | $5.2M | $3.5M | $7.1M | $13.0M |
| YoY | — | -50.5% | -32.7% | +102.9% | +83.1% |
| Cost of goods sold | $417.0M | $498.1M | $548.9M | $558.8M | $566.7M |
| YoY | — | +19.4% | +10.2% | +1.8% | +1.4% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Income tax | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Net income | $303.9M | $653.6M | $403.3M | $163.3M | $384.5M |
| YoY | — | +115.1% | -38.3% | -59.5% | +135.5% |
| EPS — basic | $2.97 | $6.07 | $3.71 | $1.50 | $3.54 |
| YoY | — | +104.4% | -38.9% | -59.6% | +136.0% |
| EPS — diluted | $2.96 | $6.04 | $3.70 | $1.50 | $3.54 |
| YoY | — | +104.1% | -38.7% | -59.5% | +136.0% |
| Weighted shares — basic | 102.0M | 107.6M | 108.7M | 108.5M | 108.4M |
| Weighted shares — diluted | 102.8M | 108.4M | 109.4M | 108.5M | 108.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $613.4M | $10.7M | $259.7M | $21.0M | $25.2M |
| YoY | — | -98.3% | +2327.1% | -91.9% | +20.0% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total assets | $8.0B | $9.3B | $9.4B | $8.9B | $9.0B |
| YoY | — | +16.9% | +0.6% | -5.7% | +2.2% |
| Total current liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total liabilities | $3.7B | $4.3B | $4.3B | $4.1B | $4.6B |
| YoY | — | +15.1% | +1.4% | -5.2% | +12.2% |
| Total equity | $4.2B | $5.0B | $5.0B | $4.7B | $4.4B |
| YoY | — | +18.8% | -0.1% | -6.1% | -6.7% |
| Shares outstanding | 103.3M | 106.5M | 106.8M | 106.7M | 104.3M |
| YoY | — | +3.1% | +0.3% | -0.1% | -2.2% |
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 | $577.5M | $744.7M | $795.0M | $774.9M | $826.6M |
| YoY | — | +29.0% | +6.8% | -2.5% | +6.7% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $343.0M | $396.8M | $434.9M | $451.0M | $460.9M |
| YoY | — | +15.7% | +9.6% | +3.7% | +2.2% |
| Share repurchases | — | $0 | $0 | $50.0M | $270.7M |
| YoY | — | — | — | — | +441.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 2894.3% | 12569.2% | 11522.9% | 2300.0% | 2957.7% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — |
| Current ratio | — | — | — | — | — |
| Total liabilities / equity | 0.88x | 0.86x | 0.87x | 0.88x | 1.06x |
Peer comparison — latest full year
Same sector (Real Estate), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CPT FY25 · this stock | $13.0M | +83.1% | — | — | 2957.7% | — |
| CBRE FY25 | $40.5B | +13.4% | — | 4.3% | 2.9% | — |
| EQIX FY25 | $9.2B | +5.4% | — | 20.0% | 14.6% | — |
| AMT FY20 | $8.0B | +6.1% | — | 35.9% | — | 35.4% |
| SPG FY25 | $6.4B | +6.7% | — | 49.9% | — | — |
| DLR FY25 | $6.1B | +10.0% | — | 10.8% | 21.4% | — |
| O FY25 | $5.7B | +9.1% | — | — | 18.4% | — |
| PSA FY25 | $4.8B | +2.7% | — | — | 37.0% | — |
| CCI FY25 | $4.3B | -4.4% | — | 48.7% | 10.4% | — |
| VICI FY25 | $4.0B | +4.1% | — | — | 69.3% | — |
| EXR FY25 | $3.4B | +3.7% | — | 41.8% | 28.8% | — |
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.