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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.6B | $24.7B | $23.6B | $23.6B | $22.5B | $26.0B | $25.2B | $25.2B |
| YoY | — | — | — | — | -0.5% | +5.2% | +6.5% | +6.8% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $4.3B | $3.9B | $4.0B | $4.1B | $4.4B | $4.1B | $4.1B | $4.0B |
| YoY | — | — | — | — | +3.1% | +4.9% | +2.3% | -4.2% |
| Operating income | $3.7B | $5.1B | $4.4B | $4.6B | $3.5B | $4.6B | $4.6B | $5.6B |
| YoY | — | — | — | — | -4.8% | -9.1% | +3.8% | +21.4% |
| Pretax income | $948.0M | $3.7B | $3.1B | $3.2B | $2.0B | $3.7B | $3.4B | $3.6B |
| YoY | — | — | — | — | +115.7% | +0.9% | +9.1% | +13.5% |
| Income tax | $384.0M | $1.0B | $-314.0M | $-2.7B | $602.0M | $1.2B | $902.0M | $801.0M |
| YoY | — | — | — | — | +56.8% | +19.0% | +387.3% | +129.3% |
| Net income | $460.0M | $2.6B | $3.3B | $5.3B | $1.3B | $2.4B | $2.2B | $2.6B |
| YoY | — | — | — | — | +185.4% | -6.0% | -31.4% | -49.9% |
| EPS — basic | — | $1.41 | $1.81 | $2.92 | — | $1.34 | $1.27 | $1.52 |
| YoY | — | — | — | — | — | -5.0% | -29.8% | -47.9% |
| EPS — diluted | — | $1.40 | $1.81 | $2.92 | — | $1.34 | $1.27 | $1.51 |
| YoY | — | — | — | — | — | -4.3% | -29.8% | -48.3% |
| Weighted shares — basic | — | 1.81B | 1.81B | 1.80B | — | 1.79B | 1.77B | 1.74B |
| Weighted shares — diluted | — | 1.82B | 1.81B | 1.80B | — | 1.79B | 1.77B | 1.74B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.0B | $5.5B | $5.9B | $5.4B | $5.7B | $5.7B | $5.7B | $5.2B |
| YoY | — | — | — | — | -5.1% | +3.5% | -2.9% | -3.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $12.7B | $13.8B | $12.6B | $13.4B | $13.2B | $15.1B | $14.4B | $14.6B |
| YoY | — | — | — | — | +3.8% | +9.3% | +14.5% | +8.6% |
| Inventory | $2.0B | $2.0B | $2.0B | $2.1B | $2.1B | $2.2B | $2.1B | $2.1B |
| YoY | — | — | — | — | +5.5% | +6.9% | +4.1% | +0.0% |
| Total current assets | $25.2B | $23.7B | $22.7B | $23.8B | $24.3B | $25.5B | $24.6B | $24.9B |
| YoY | — | — | — | — | -3.9% | +7.6% | +8.2% | +4.5% |
| Total assets | $196.2B | $197.0B | $195.8B | $196.6B | $197.5B | $202.1B | $205.2B | $204.7B |
| YoY | — | — | — | — | +0.7% | +2.6% | +4.8% | +4.1% |
| Total current liabilities | $34.6B | $34.8B | $34.0B | $33.0B | $34.2B | $38.0B | $36.2B | $35.1B |
| YoY | — | — | — | — | -1.3% | +9.2% | +6.4% | +6.5% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $100.7B | $101.9B | $104.3B | $109.1B | $109.9B | $108.5B | $108.7B | $110.0B |
| YoY | — | — | — | — | +9.1% | +6.4% | +4.2% | +0.8% |
| Shares outstanding | 1.90B | 1.90B | — | — | 1.90B | — | — | — |
| YoY | — | — | — | — | +0.0% | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.5B | $3.2B | $6.8B | $3.7B | $4.5B | $735.0M | $6.9B | $4.9B |
| YoY | — | — | — | — | -18.9% | -77.1% | +2.4% | +32.6% |
| Capital expenditures | $1.5B | $2.5B | $1.9B | $1.8B | $1.9B | $3.0B | $2.0B | $1.8B |
| YoY | — | — | — | — | +28.7% | +22.2% | +6.0% | +0.8% |
| Free cash flow | $4.0B | $739.0M | $4.9B | $1.9B | $2.6B | $-2.3B | $4.9B | $3.1B |
| YoY | — | — | — | — | -36.5% | -408.3% | +1.0% | +62.6% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $469.0M | $794.0M | $991.0M | $711.0M | $1.0B | $2.0B | $3.5B | $1.7B |
| YoY | — | — | — | — | +114.1% | +156.2% | +249.7% | +145.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 16.2% | 20.5% | 18.8% | 19.3% | 15.5% | 17.7% | 18.3% | 22.0% |
| Net margin | 2.0% | 10.3% | 13.9% | 22.2% | 5.8% | 9.2% | 8.9% | 10.4% |
| Free cash flow margin | 17.8% | 3.0% | 20.7% | 8.0% | 11.4% | -8.8% | 19.6% | 12.2% |
| Effective tax rate | 40.5% | 27.8% | -10.2% | -85.1% | 29.4% | 32.7% | 26.8% | 22.0% |
| Current ratio | 0.73x | 0.68x | 0.67x | 0.72x | 0.71x | 0.67x | 0.68x | 0.71x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| DIS FY25 · this stock | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
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.