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 | $50.7B | $52.2B | $47.6B | $44.8B | $49.7B | $46.9B | $48.6B | $70.1B |
| YoY | — | — | — | — | -1.9% | -10.2% | +2.1% | +56.3% |
| Cost of goods sold | $30.4B | $30.1B | $28.6B | $26.9B | $27.4B | $25.3B | $28.3B | $36.6B |
| YoY | — | — | — | — | -10.0% | -15.9% | -1.2% | +36.3% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $1.2B | $1.6B | $1.2B | $889.0M | $1.5B | $1.5B | $1.1B | $1.3B |
| YoY | — | — | — | — | +28.0% | -5.9% | -12.7% | +47.8% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $2.0B | $2.8B | $2.1B | $1.6B | $1.8B | $1.8B | $1.7B | $4.5B |
| YoY | — | — | — | — | -9.6% | -37.4% | -20.2% | +173.9% |
| Net income | $4.5B | $3.2B | $3.5B | $2.5B | $3.5B | $2.8B | $2.2B | $12.1B |
| YoY | — | — | — | — | -21.1% | -14.5% | -36.9% | +384.8% |
| EPS — basic | $2.49 | — | $2.01 | $1.45 | $1.83 | — | $1.12 | $6.13 |
| YoY | — | — | — | — | -26.5% | — | -44.3% | +322.8% |
| EPS — diluted | $2.48 | — | $2.00 | $1.45 | $1.82 | — | $1.11 | $6.11 |
| YoY | — | — | — | — | -26.6% | — | -44.5% | +321.4% |
| Weighted shares — basic | 1.80B | — | 1.74B | 1.72B | 1.94B | — | 1.98B | 1.97B |
| Weighted shares — diluted | 1.81B | — | 1.75B | 1.72B | 1.95B | — | 1.99B | 1.98B |
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 | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | $0 | $0 | — | — | — | $0 | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $17.3B | $18.3B | $17.2B | $15.7B | $16.0B | $16.0B | $22.2B | $22.0B |
| YoY | — | — | — | — | -7.5% | -12.8% | +29.1% | +40.1% |
| Inventory | $9.7B | $9.1B | $9.2B | $8.8B | $10.4B | $9.7B | $10.6B | $10.5B |
| YoY | — | — | — | — | +7.3% | +7.0% | +15.1% | +19.4% |
| Total current assets | $38.2B | $40.9B | $38.6B | $34.7B | $40.9B | $38.6B | $46.2B | $49.1B |
| YoY | — | — | — | — | +7.0% | -5.8% | +19.7% | +41.6% |
| Total assets | $259.2B | $256.9B | $256.4B | $250.8B | $326.5B | $324.0B | $329.6B | $330.1B |
| YoY | — | — | — | — | +25.9% | +26.1% | +28.5% | +31.6% |
| Total current liabilities | $35.7B | $38.6B | $35.7B | $34.8B | $35.5B | $33.4B | $42.2B | $39.2B |
| YoY | — | — | — | — | -0.7% | -13.4% | +18.1% | +12.7% |
| Total liabilities | $102.2B | $103.8B | $106.3B | $103.6B | $130.9B | $131.8B | $140.2B | $134.6B |
| YoY | — | — | — | — | +28.1% | +27.0% | +31.9% | +29.9% |
| Total equity | $156.2B | $152.3B | $149.2B | $146.4B | $189.8B | $186.4B | $183.7B | $189.9B |
| YoY | — | — | — | — | +21.5% | +22.4% | +23.1% | +29.7% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $9.7B | $8.7B | $5.2B | $8.6B | $9.4B | $10.8B | $2.5B | $22.6B |
| YoY | — | — | — | — | -3.0% | +24.1% | -51.6% | +163.9% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $4.8B | $4.5B | $3.9B | $2.6B | $2.6B | $3.0B | $2.6B | $3.0B |
| YoY | — | — | — | — | -46.0% | -33.4% | -34.3% | +15.6% |
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 | 8.9% | 6.2% | 7.4% | 5.6% | 7.1% | 5.9% | 4.5% | 17.2% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 1.07x | 1.06x | 1.08x | 1.00x | 1.15x | 1.15x | 1.09x | 1.25x |
| Total liabilities / equity | 0.65x | 0.68x | 0.71x | 0.71x | 0.69x | 0.71x | 0.76x | 0.71x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| CVX FY25 · this stock | $189.0B | -6.8% | — | — | 6.5% | — |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.