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 | $2.3B | $4.0B | $4.4B | $6.5B | $2.6B | $3.9B | $4.9B | $6.4B |
| YoY | — | — | — | — | +12.6% | -1.7% | +11.0% | -1.2% |
| Cost of goods sold | $1.6B | $2.5B | $2.3B | $2.9B | $1.6B | $2.3B | $2.4B | $2.7B |
| YoY | — | — | — | — | +5.0% | -9.7% | +1.3% | -7.3% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $348.0M | $365.0M | $335.0M | $375.0M | $351.0M | $413.0M | $341.0M | $388.0M |
| YoY | — | — | — | — | +0.9% | +13.2% | +1.8% | +3.5% |
| Selling, general & administrative | $671.0M | $735.0M | $751.0M | $1.2B | $725.0M | $860.0M | $877.0M | $1.2B |
| YoY | — | — | — | — | +8.0% | +17.0% | +16.8% | +0.7% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $-633.0M | $88.0M | $784.0M | $1.8B | $-370.0M | $-530.0M | $858.0M | $1.6B |
| YoY | — | — | — | — | +41.5% | -702.3% | +9.4% | -9.9% |
| Income tax | $-114.0M | $138.0M | $117.0M | $422.0M | $-62.0M | $7.0M | $133.0M | $408.0M |
| YoY | — | — | — | — | +45.6% | -94.9% | +13.7% | -3.3% |
| Net income | $-524.0M | $-41.0M | $652.0M | $1.3B | $-320.0M | $-552.0M | $720.0M | $1.2B |
| YoY | — | — | — | — | +38.9% | -1246.3% | +10.4% | -11.6% |
| EPS — basic | $-0.76 | — | $0.95 | $1.92 | $-0.47 | — | $1.07 | $1.73 |
| YoY | — | — | — | — | +38.2% | — | +12.6% | -9.9% |
| EPS — diluted | $-0.76 | — | $0.95 | $1.92 | $-0.47 | — | $1.07 | $1.73 |
| YoY | — | — | — | — | +38.2% | — | +12.6% | -9.9% |
| Weighted shares — basic | 691.1M | — | 684.9M | 681.7M | 678.7M | — | 672.5M | 668.6M |
| Weighted shares — diluted | 691.1M | — | 686.6M | 683.1M | 678.7M | — | 673.6M | 669.8M |
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 | $2.4B | $3.1B | $2.0B | $2.1B | $2.5B | $4.5B | $2.0B | $2.4B |
| YoY | — | — | — | — | +3.6% | +45.6% | -2.2% | +14.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $4.3B | $4.4B | $6.8B | $6.0B | $5.0B | $4.9B | $7.3B | $5.8B |
| YoY | — | — | — | — | +18.5% | +9.7% | +7.3% | -2.1% |
| Inventory | $5.7B | $5.4B | $5.1B | $4.3B | $5.3B | $5.7B | $5.2B | $4.4B |
| YoY | — | — | — | — | -6.4% | +4.3% | +1.4% | +2.9% |
| Total current assets | $15.6B | $15.1B | $16.6B | $16.0B | $16.4B | $17.3B | $17.4B | $16.4B |
| YoY | — | — | — | — | +5.0% | +14.8% | +4.8% | +2.2% |
| Total assets | $41.9B | $40.8B | $42.1B | $41.8B | $42.2B | $42.8B | $42.7B | $41.6B |
| YoY | — | — | — | — | +0.7% | +4.9% | +1.4% | -0.3% |
| Total current liabilities | $10.4B | $10.4B | $11.5B | $9.5B | $10.4B | $12.1B | $11.9B | $10.8B |
| YoY | — | — | — | — | -0.0% | +16.7% | +3.2% | +13.4% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $24.7B | $23.8B | $24.3B | $25.9B | $25.2B | $24.1B | $24.4B | $25.2B |
| YoY | — | — | — | — | +1.9% | +1.5% | +0.3% | -2.9% |
| Shares outstanding | 689.2M | 685.6M | 683.0M | 679.9M | — | 672.2M | — | — |
| YoY | — | — | — | — | — | -2.0% | — | — |
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 | $130.0M | $4.2B | $-2.1B | $947.0M | $193.0M | $4.4B | $-2.9B | $-466.0M |
| YoY | — | — | — | — | +48.5% | +4.8% | -37.1% | -149.2% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $117.0M | $118.0M | $116.0M | $116.0M | $122.0M | $121.0M | $121.0M | $120.0M |
| YoY | — | — | — | — | +4.3% | +2.5% | +4.3% | +3.4% |
| Share repurchases | $253.0M | $252.0M | $270.0M | $250.0M | $250.0M | $301.0M | $250.0M | $250.0M |
| YoY | — | — | — | — | -1.2% | +19.4% | -7.4% | +0.0% |
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 | -22.5% | -1.0% | 14.8% | 20.4% | -12.2% | -14.1% | 14.7% | 18.2% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 18.0% | 156.8% | 14.9% | 23.4% | 16.8% | -1.3% | 15.5% | 25.1% |
| Current ratio | 1.50x | 1.45x | 1.44x | 1.68x | 1.58x | 1.43x | 1.47x | 1.52x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CTVA FY25 · this stock | $17.4B | +2.9% | — | — | 6.3% | — |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
| MOS FY25 | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | -4.4% |
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.