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 | $12.6B | $13.0B | $6.6B | $6.7B | $6.8B |
| YoY | — | +3.6% | -49.2% | +1.6% | +1.9% |
| Cost of goods sold | $8.0B | $8.4B | $4.4B | $4.5B | $4.5B |
| YoY | — | +5.4% | -47.1% | +1.3% | -0.3% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $557.0M | $536.0M | $192.0M | $203.0M | $193.0M |
| YoY | — | -3.8% | -64.2% | +5.7% | -4.9% |
| Selling, general & administrative | $1.6B | $1.5B | $891.0M | $976.0M | $1.0B |
| YoY | — | -8.4% | -39.3% | +9.5% | +4.4% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $1.4B | $1.4B | $-279.0M | $117.0M | $200.0M |
| YoY | — | +0.3% | -119.3% | +141.9% | +70.9% |
| Income tax | $237.0M | $387.0M | $-217.0M | $213.0M | $102.0M |
| YoY | — | +63.3% | -156.1% | +198.2% | -52.1% |
| Net income | $6.5B | $5.9B | $423.0M | $703.0M | $-779.0M |
| YoY | — | -9.3% | -92.8% | +66.2% | -210.8% |
| EPS — basic | $11.92 | $11.77 | $0.94 | $1.68 | $-1.87 |
| YoY | — | -1.3% | -92.0% | +78.7% | -211.3% |
| EPS — diluted | $11.89 | $11.75 | $0.94 | $1.68 | $-1.86 |
| YoY | — | -1.2% | -92.0% | +78.7% | -210.7% |
| Weighted shares — basic | 542.7M | 498.5M | 449.9M | 419.2M | 417.5M |
| Weighted shares — diluted | 544.2M | 499.4M | 449.9M | 419.2M | 419.2M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $2.0B | $3.7B | $2.4B | $1.8B | $715.0M |
| YoY | — | +85.7% | -34.7% | -25.1% | -60.1% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.2B | $2.5B | $2.4B | $1.3B | $1.7B |
| YoY | — | +16.6% | -5.9% | -43.4% | +24.4% |
| Inventory | $2.1B | $2.3B | $2.1B | $1.1B | $1.2B |
| YoY | — | +11.6% | -7.8% | -47.4% | +3.7% |
| Total current assets | $14.3B | $11.3B | $7.5B | $20.8B | $5.6B |
| YoY | — | -21.2% | -33.3% | +176.5% | -73.2% |
| Total assets | $45.7B | $41.4B | $38.6B | $36.6B | $21.6B |
| YoY | — | -9.5% | -6.8% | -5.0% | -41.1% |
| Total current liabilities | $4.9B | $3.7B | $3.1B | $5.5B | $2.3B |
| YoY | — | -24.3% | -17.0% | +77.4% | -58.1% |
| Total liabilities | $18.7B | $14.3B | $13.8B | $12.8B | $7.5B |
| YoY | — | -23.1% | -3.6% | -7.1% | -41.8% |
| Total equity | $26.4B | $26.6B | $24.3B | $23.4B | $13.9B |
| YoY | — | +0.5% | -8.6% | -3.8% | -40.4% |
| 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 | $1.8B | $1.2B | $845.0M | $765.0M | $560.0M |
| YoY | — | -32.3% | -32.3% | -9.5% | -26.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $630.0M | $652.0M | $651.0M | $635.0M | $597.0M |
| YoY | — | +3.5% | -0.2% | -2.5% | -6.0% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 51.5% | 45.1% | 6.4% | 10.5% | -11.4% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 16.4% | 26.7% | 77.8% | 182.1% | 51.0% |
| Current ratio | 2.90x | 3.02x | 2.43x | 3.78x | 2.42x |
| Total liabilities / equity | 0.71x | 0.54x | 0.57x | 0.55x | 0.54x |
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.