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 | $1.7B | $1.7B | $1.6B | $1.7B | $1.8B | $1.7B | $1.7B | $1.8B |
| YoY | — | — | — | — | +4.7% | +0.2% | +4.3% | +4.0% |
| Cost of goods sold | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.1B | $1.1B | $1.2B |
| YoY | — | — | — | — | +4.0% | -3.6% | +0.9% | +3.2% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $127.0M | $-167.0M | $50.0M | $53.0M | $140.0M | $-211.0M | $47.0M | $42.0M |
| YoY | — | — | — | — | +10.2% | -26.3% | -6.0% | -20.8% |
| Selling, general & administrative | $368.0M | $-158.0M | $234.0M | $262.0M | $387.0M | $-108.0M | $255.0M | $269.0M |
| YoY | — | — | — | — | +5.2% | +31.6% | +9.0% | +2.7% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $287.0M | $-199.0M | $97.0M | $78.0M | $91.0M | $-66.0M | $181.0M | $266.0M |
| YoY | — | — | — | — | -68.3% | +66.8% | +86.6% | +241.0% |
| Income tax | $99.0M | $-75.0M | $17.0M | $54.0M | $19.0M | $-89.0M | $31.0M | $75.0M |
| YoY | — | — | — | — | -80.8% | -18.7% | +82.4% | +38.9% |
| Net income | $454.0M | $-117.0M | $-589.0M | $59.0M | $-123.0M | $-126.0M | $161.0M | $143.0M |
| YoY | — | — | — | — | -127.1% | -7.7% | +127.3% | +142.4% |
| EPS — basic | $1.09 | $-0.28 | $-1.41 | $0.42 | $-0.29 | $-0.30 | $0.39 | $1.05 |
| YoY | — | — | — | — | -126.6% | -7.1% | +127.7% | +150.0% |
| EPS — diluted | $1.08 | $-0.28 | $-1.40 | $0.42 | $-0.29 | $-0.30 | $0.39 | $1.05 |
| YoY | — | — | — | — | -126.9% | -7.1% | +127.9% | +150.0% |
| Weighted shares — basic | 417.9M | — | 418.5M | 139.6M | 419.0M | — | 410.1M | 135.9M |
| Weighted shares — diluted | 419.5M | — | 419.9M | 139.9M | 420.1M | — | 412.8M | 136.8M |
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 | $1.6B | $1.8B | $1.8B | $1.8B | $2.0B | $715.0M | $710.0M | $1.7B |
| YoY | — | — | — | — | +18.8% | -60.1% | -59.7% | -5.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.4B | $1.3B | $2.3B | $2.5B | $2.4B | $1.7B | $1.7B | $1.8B |
| YoY | — | — | — | — | +0.5% | +24.4% | -25.8% | -30.9% |
| Inventory | $2.2B | $1.1B | $2.2B | $2.3B | $1.8B | $1.2B | $1.2B | $1.2B |
| YoY | — | — | — | — | -17.8% | +3.7% | -46.1% | -47.3% |
| Total current assets | $6.4B | $20.8B | $6.5B | $6.8B | $10.0B | $5.6B | $5.6B | $4.9B |
| YoY | — | — | — | — | +55.6% | -73.2% | -12.7% | -29.1% |
| Total assets | $37.5B | $36.6B | $36.0B | $36.6B | $38.0B | $21.6B | $21.4B | $21.1B |
| YoY | — | — | — | — | +1.6% | -41.1% | -40.4% | -42.4% |
| Total current liabilities | $2.8B | $5.5B | $4.6B | $4.9B | $5.0B | $2.3B | $2.1B | $2.0B |
| YoY | — | — | — | — | +77.2% | -58.1% | -54.6% | -58.8% |
| Total liabilities | $12.8B | $12.8B | $12.7B | $13.0B | $14.7B | $7.5B | $7.2B | $7.2B |
| YoY | — | — | — | — | +14.8% | -41.8% | -43.3% | -45.0% |
| Total equity | $24.2B | $23.4B | $22.8B | $23.1B | $22.9B | $13.9B | $14.0B | $13.8B |
| YoY | — | — | — | — | -5.4% | -40.4% | -38.5% | -40.3% |
| 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 | $497.0M | $-752.0M | $77.0M | $74.0M | $1.1B | $-700.0M | $232.0M | $400.0M |
| YoY | — | — | — | — | +123.1% | +6.9% | +201.3% | +440.5% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 26.5% | -6.9% | -36.5% | 3.4% | -6.9% | -7.4% | 9.6% | 7.9% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 34.5% | 37.7% | 17.5% | 69.2% | 20.9% | 134.8% | 17.1% | 28.2% |
| Current ratio | 2.28x | 3.78x | 1.40x | 1.41x | 2.00x | 2.42x | 2.68x | 2.43x |
| Total liabilities / equity | 0.53x | 0.55x | 0.56x | 0.57x | 0.64x | 0.54x | 0.51x | 0.52x |
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 |
|---|---|---|---|---|---|---|
| DD FY25 · this stock | $6.8B | +1.9% | — | — | -11.4% | — |
| 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% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
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.