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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.4B | $3.6B | $3.6B | $3.5B | $3.5B | $3.9B | $4.0B |
| YoY | — | — | — | — | -0.9% | +1.7% | +10.1% | +12.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.1B | $1.0B | $1.3B | $1.1B | $1.1B | $1.3B | $1.5B | $1.6B |
| YoY | — | — | — | — | +0.4% | +20.4% | +17.4% | +44.4% |
| Pretax income | $936.0M | $858.0M | $1.1B | $898.0M | $920.0M | $1.1B | $1.3B | $1.4B |
| YoY | — | — | — | — | -1.7% | +23.9% | +20.8% | +54.1% |
| Income tax | $203.0M | $212.0M | $264.0M | $204.0M | $200.0M | $256.0M | $318.0M | $332.0M |
| YoY | — | — | — | — | -1.5% | +20.8% | +20.5% | +62.7% |
| Net income | $733.0M | $646.0M | $829.0M | $694.0M | $720.0M | $807.0M | $1.0B | $1.1B |
| YoY | — | — | — | — | -1.8% | +24.9% | +20.9% | +51.6% |
| EPS — basic | — | $0.34 | $0.44 | $0.37 | — | $0.43 | $0.54 | $0.57 |
| YoY | — | — | — | — | — | +26.5% | +22.7% | +54.1% |
| EPS — diluted | — | $0.34 | $0.44 | $0.37 | — | $0.43 | $0.54 | $0.57 |
| YoY | — | — | — | — | — | +26.5% | +22.7% | +54.1% |
| Weighted shares — basic | — | 1.89B | 1.87B | 1.86B | — | 1.86B | 1.85B | 1.85B |
| Weighted shares — diluted | — | 1.89B | 1.87B | 1.87B | — | 1.86B | 1.86B | 1.85B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.3B | $1.3B | $1.4B | $1.4B | $1.3B | $1.4B | $1.5B | $1.5B |
| YoY | — | — | — | — | -2.1% | +2.9% | +3.3% | +8.4% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $2.8B | $3.0B | $2.3B | $2.5B | $2.5B | $3.1B | $3.4B | $3.6B |
| YoY | — | — | — | — | -9.6% | +3.0% | +47.9% | +44.7% |
| Total assets | $42.8B | $43.2B | $42.9B | $43.3B | $43.7B | $44.2B | $44.7B | $45.2B |
| YoY | — | — | — | — | +2.1% | +2.4% | +4.2% | +4.3% |
| Total current liabilities | $3.3B | $3.4B | $3.0B | $3.0B | $3.1B | $3.2B | $4.2B | $4.3B |
| YoY | — | — | — | — | -4.4% | -5.8% | +39.3% | +45.3% |
| Total liabilities | $30.3B | $31.0B | $30.6B | $30.5B | $30.5B | $30.7B | $30.6B | $30.8B |
| YoY | — | — | — | — | +0.9% | -1.2% | +0.3% | +0.8% |
| Total equity | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Shares outstanding | 1.90B | — | — | — | 1.86B | — | — | — |
| YoY | — | — | — | — | -2.1% | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.3B | $635.0M | $1.3B | $1.4B | $1.3B | $1.3B | $1.6B |
| YoY | — | — | — | — | -0.1% | +1.4% | +109.0% | +20.9% |
| Capital expenditures | $838.0M | $719.0M | $776.0M | $730.0M | $677.0M | $543.0M | $576.0M | $593.0M |
| YoY | — | — | — | — | -19.2% | -24.5% | -25.8% | -18.8% |
| Free cash flow | $550.0M | $536.0M | $-141.0M | $607.0M | $709.0M | $729.0M | $751.0M | $1.0B |
| YoY | — | — | — | — | +28.9% | +36.0% | +632.6% | +68.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.0B | $751.0M | $421.0M | $112.0M | $112.0M | $222.0M | $296.0M | $543.0M |
| YoY | — | — | — | — | -89.1% | -70.4% | -29.7% | +384.8% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 31.3% | 30.4% | 35.9% | 30.3% | 31.6% | 36.0% | 38.3% | 39.1% |
| Net margin | 20.7% | 18.9% | 23.2% | 19.3% | 20.5% | 23.2% | 25.5% | 26.2% |
| Free cash flow margin | 15.5% | 15.7% | -3.9% | 16.9% | 20.2% | 20.9% | 19.1% | 25.5% |
| Effective tax rate | 21.7% | 24.7% | 24.2% | 22.7% | 21.7% | 24.1% | 24.1% | 24.0% |
| Current ratio | 0.86x | 0.88x | 0.77x | 0.85x | 0.81x | 0.97x | 0.82x | 0.84x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CSX FY25 · this stock | $14.1B | -3.1% | — | 32.1% | 20.5% | 12.1% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
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.