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 | $15.7B | $17.5B | $17.2B | $16.9B | $17.4B |
| YoY | — | +11.5% | -1.3% | -1.8% | +2.9% |
| Cost of goods sold | $9.2B | $10.4B | $9.9B | $9.5B | $9.2B |
| YoY | — | +13.2% | -4.9% | -3.9% | -3.7% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $1.2B | $1.2B | $1.3B | $1.4B | $1.5B |
| YoY | — | +2.4% | +10.0% | +4.9% | +5.1% |
| Selling, general & administrative | $3.2B | $3.2B | $3.2B | $3.2B | $3.5B |
| YoY | — | -1.1% | +0.1% | +0.6% | +9.3% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $2.3B | $1.4B | $1.1B | $1.3B | $1.7B |
| YoY | — | -39.2% | -23.4% | +16.7% | +32.4% |
| Income tax | $524.0M | $210.0M | $152.0M | $412.0M | $484.0M |
| YoY | — | -59.9% | -27.6% | +171.1% | +17.5% |
| Net income | $1.8B | $1.1B | $735.0M | $907.0M | $1.1B |
| YoY | — | -34.8% | -35.9% | +23.4% | +20.6% |
| EPS — basic | $2.39 | $1.59 | $1.04 | $1.31 | $1.60 |
| YoY | — | -33.5% | -34.6% | +26.0% | +22.1% |
| EPS — diluted | $2.37 | $1.58 | $1.03 | $1.30 | $1.60 |
| YoY | — | -33.3% | -34.8% | +26.2% | +23.1% |
| Weighted shares — basic | 735.9M | 720.8M | 709.0M | 693.7M | 680.0M |
| Weighted shares — diluted | 741.6M | 724.5M | 711.9M | 696.0M | 681.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $4.5B | $3.2B | $2.6B | $3.1B | $4.5B |
| YoY | — | -28.4% | -17.1% | +17.5% | +45.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $3.4B | $4.2B | $4.2B | $4.4B | $4.9B |
| YoY | — | +21.1% | +1.0% | +5.7% | +9.7% |
| Inventory | $5.2B | $6.8B | $6.9B | $5.4B | $5.7B |
| YoY | — | +31.5% | +1.3% | -21.3% | +4.3% |
| Total current assets | $15.5B | $16.8B | $16.3B | $15.1B | $17.3B |
| YoY | — | +8.0% | -3.2% | -7.2% | +14.8% |
| Total assets | $42.3B | $42.6B | $43.0B | $40.8B | $42.8B |
| YoY | — | +0.6% | +0.9% | -5.0% | +4.9% |
| Total current liabilities | $9.6B | $10.7B | $10.4B | $10.4B | $12.1B |
| YoY | — | +12.4% | -3.1% | -0.2% | +16.7% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $25.4B | $25.3B | $25.0B | $23.8B | $24.1B |
| YoY | — | -0.3% | -1.0% | -5.0% | +1.5% |
| Shares outstanding | 726.5M | 713.4M | 701.3M | 685.6M | 672.2M |
| YoY | — | -1.8% | -1.7% | -2.2% | -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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.7B | $872.0M | $1.8B | $2.1B | $3.4B |
| YoY | — | -68.0% | +102.9% | +21.3% | +58.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $397.0M | $418.0M | $439.0M | $458.0M | $475.0M |
| YoY | — | +5.3% | +5.0% | +4.3% | +3.7% |
| Share repurchases | $950.0M | $1.0B | $756.0M | $1.0B | $1.1B |
| YoY | — | +5.3% | -24.4% | +33.5% | +6.1% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 11.2% | 6.6% | 4.3% | 5.4% | 6.3% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 22.3% | 14.7% | 13.9% | 32.3% | 28.7% |
| Current ratio | 1.63x | 1.56x | 1.56x | 1.45x | 1.43x |
| 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.