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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $26.5B | $31.4B | $34.9B | $37.9B | $41.5B |
| YoY | — | +18.3% | +11.2% | +8.7% | +9.6% |
| Cost of goods sold | $7.0B | $8.4B | $8.5B | $8.6B | $9.3B |
| YoY | — | +19.0% | +2.2% | +1.2% | +7.3% |
| Gross profit | $19.5B | $23.0B | $26.3B | $29.3B | $32.3B |
| YoY | — | +18.1% | +14.5% | +11.2% | +10.3% |
| Research & development | $4.5B | $5.1B | $4.9B | $5.5B | $6.0B |
| YoY | — | +13.2% | -2.9% | +12.0% | +9.1% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $548.0M | $1.0B | $5.0B | $7.2B | $8.3B |
| YoY | — | +88.0% | +386.5% | +43.8% | +15.6% |
| Pretax income | $1.5B | $660.0M | $5.0B | $7.4B | $9.5B |
| YoY | — | -56.9% | +650.0% | +50.3% | +28.0% |
| Income tax | $88.0M | $452.0M | $814.0M | $1.2B | $2.1B |
| YoY | — | +413.6% | +80.1% | +52.5% | +66.2% |
| Net income | $1.4B | $208.0M | $4.1B | $6.2B | $7.5B |
| YoY | — | -85.6% | +1888.5% | +49.8% | +20.3% |
| EPS — basic | $1.51 | $0.21 | $4.25 | $6.44 | $7.85 |
| YoY | — | -86.1% | +1923.8% | +51.5% | +21.9% |
| EPS — diluted | $1.48 | $0.21 | $4.20 | $6.36 | $7.80 |
| YoY | — | -85.8% | +1900.0% | +51.4% | +22.6% |
| Weighted shares — basic | 955.0M | 992.0M | 974.0M | 962.0M | 950.0M |
| Weighted shares — diluted | 974.0M | 997.0M | 984.0M | 974.0M | 956.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $5.5B | $7.0B | $8.5B | $8.8B | $7.3B |
| YoY | — | +28.4% | +20.8% | +4.4% | -17.2% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $9.7B | $10.8B | $11.4B | $11.9B | $14.3B |
| YoY | — | +10.4% | +6.1% | +4.7% | +20.0% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $22.9B | $26.4B | $29.1B | $29.7B | $28.2B |
| YoY | — | +15.5% | +10.1% | +2.2% | -5.1% |
| Total assets | $95.2B | $98.8B | $99.8B | $102.9B | $112.3B |
| YoY | — | +3.8% | +1.0% | +3.1% | +9.1% |
| Total current liabilities | $21.8B | $25.9B | $26.6B | $28.0B | $37.1B |
| YoY | — | +18.8% | +2.9% | +5.1% | +32.7% |
| Total liabilities | $37.1B | $40.5B | $40.2B | $41.8B | $53.2B |
| YoY | — | +9.2% | -0.8% | +3.9% | +27.3% |
| Total equity | $58.1B | $58.4B | $59.6B | $61.2B | $59.1B |
| YoY | — | +0.4% | +2.2% | +2.6% | -3.3% |
| Shares outstanding | 989.0M | 981.0M | 971.0M | 962.0M | 929.0M |
| YoY | — | -0.8% | -1.0% | -0.9% | -3.4% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $6.0B | $7.1B | $10.2B | $13.1B | $15.0B |
| YoY | — | +18.5% | +43.9% | +27.9% | +14.5% |
| Capital expenditures | $717.0M | $798.0M | $736.0M | $658.0M | $594.0M |
| YoY | — | +11.3% | -7.8% | -10.6% | -9.7% |
| Free cash flow | $5.3B | $6.3B | $9.5B | $12.4B | $14.4B |
| YoY | — | +19.5% | +50.5% | +30.9% | +15.8% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $4.0B | $7.6B | $7.8B | $12.6B |
| YoY | — | — | +90.5% | +2.7% | +60.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | 73.5% | 73.3% | 75.5% | 77.2% | 77.7% |
| Operating margin | 2.1% | 3.3% | 14.4% | 19.0% | 20.1% |
| Net margin | 5.5% | 0.7% | 11.9% | 16.4% | 18.0% |
| Free cash flow margin | 19.9% | 20.1% | 27.2% | 32.8% | 34.7% |
| Effective tax rate | 5.7% | 68.5% | 16.4% | 16.7% | 21.7% |
| Current ratio | 1.05x | 1.02x | 1.09x | 1.06x | 0.76x |
| Total liabilities / equity | 0.64x | 0.69x | 0.67x | 0.68x | 0.90x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CRM FY26 · this stock | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
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.