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 | $162.5B | $246.3B | $200.9B | $202.8B | $189.0B |
| YoY | — | +51.6% | -18.4% | +0.9% | -6.8% |
| Cost of goods sold | $92.2B | $145.4B | $119.2B | $119.2B | $108.2B |
| YoY | — | +57.6% | -18.0% | +0.0% | -9.2% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $268.0M | $268.0M | $320.0M | $353.0M | $427.0M |
| YoY | — | +0.0% | +19.4% | +10.3% | +21.0% |
| Selling, general & administrative | $4.0B | $4.3B | $4.1B | $4.8B | $5.1B |
| YoY | — | +7.4% | -4.0% | +16.7% | +6.0% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Income tax | $6.0B | $14.1B | $8.2B | $9.8B | $7.3B |
| YoY | — | +136.4% | -41.9% | +19.4% | -25.6% |
| Net income | $15.6B | $35.5B | $21.4B | $17.7B | $12.3B |
| YoY | — | +127.0% | -39.7% | -17.4% | -30.4% |
| EPS — basic | $8.15 | $18.36 | $11.41 | $9.76 | $6.65 |
| YoY | — | +125.3% | -37.9% | -14.5% | -31.9% |
| EPS — diluted | $8.14 | $18.28 | $11.36 | $9.72 | $6.63 |
| YoY | — | +124.6% | -37.9% | -14.4% | -31.8% |
| Weighted shares — basic | 1.92B | 1.93B | 1.87B | 1.81B | 1.85B |
| Weighted shares — diluted | 1.92B | 1.94B | 1.88B | 1.82B | 1.86B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | $35.0M | $223.0M | $45.0M | $0 | $0 |
| YoY | — | +537.1% | -79.8% | -100.0% | — |
| Accounts receivable | $16.4B | $18.2B | $17.6B | $18.3B | $16.0B |
| YoY | — | +11.0% | -3.1% | +4.0% | -12.8% |
| Inventory | $6.8B | $8.2B | $8.6B | $9.1B | $9.7B |
| YoY | — | +21.4% | +4.4% | +5.4% | +7.0% |
| Total current assets | $33.7B | $50.3B | $41.1B | $40.9B | $38.6B |
| YoY | — | +49.2% | -18.3% | -0.5% | -5.8% |
| Total assets | $239.5B | $257.7B | $261.6B | $256.9B | $324.0B |
| YoY | — | +7.6% | +1.5% | -1.8% | +26.1% |
| Total current liabilities | $26.8B | $34.2B | $32.3B | $38.6B | $33.4B |
| YoY | — | +27.7% | -5.7% | +19.5% | -13.4% |
| Total liabilities | $99.6B | $97.5B | $99.7B | $103.8B | $131.8B |
| YoY | — | -2.1% | +2.3% | +4.1% | +27.0% |
| Total equity | $139.1B | $159.3B | $161.0B | $152.3B | $186.4B |
| YoY | — | +14.5% | +1.1% | -5.4% | +22.4% |
| 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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $29.2B | $49.6B | $35.6B | $31.5B | $33.9B |
| YoY | — | +69.9% | -28.2% | -11.6% | +7.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $1.4B | $11.3B | $14.9B | $15.2B | $12.1B |
| YoY | — | +713.8% | +32.7% | +1.9% | -20.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 9.6% | 14.4% | 10.6% | 8.7% | 6.5% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — |
| Current ratio | 1.26x | 1.47x | 1.27x | 1.06x | 1.15x |
| Total liabilities / equity | 0.72x | 0.61x | 0.62x | 0.68x | 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.