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 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.9B | $10.4B | $10.4B | $10.1B | $10.0B | $9.5B | $9.8B | $11.3B |
| YoY | — | — | — | — | -8.3% | -9.1% | -6.1% | +13.0% |
| Cost of goods sold | $9.8B | $9.5B | $9.8B | $9.5B | $9.2B | $8.9B | $9.2B | $9.9B |
| YoY | — | — | — | — | -5.8% | -5.9% | -6.2% | +7.0% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $396.0M | $353.0M | $366.0M | $347.0M | $340.0M | $339.0M | $417.0M | $408.0M |
| YoY | — | — | — | — | -14.1% | -4.0% | +13.9% | +20.0% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $324.0M | $219.0M | $-374.0M | $-659.0M | $70.0M | $-1.5B | $-390.0M | $642.0M |
| YoY | — | — | — | — | -78.4% | -806.8% | -4.3% | +817.1% |
| Income tax | $84.0M | $254.0M | $-84.0M | $142.0M | $-54.0M | $-71.0M | $55.0M | $117.0M |
| YoY | — | — | — | — | -164.3% | -128.0% | +165.5% | +316.7% |
| Net income | $214.0M | — | $-307.0M | $-835.0M | $62.0M | — | $-533.0M | $458.0M |
| YoY | — | — | — | — | -71.0% | — | -73.6% | +638.7% |
| EPS — basic | $0.30 | — | $-0.44 | $-1.18 | $0.08 | — | $-0.74 | $0.63 |
| YoY | — | — | — | — | -73.3% | — | -68.2% | +687.5% |
| EPS — diluted | $0.30 | — | $-0.44 | $-1.18 | $0.08 | — | $-0.74 | $0.62 |
| YoY | — | — | — | — | -73.3% | — | -68.2% | +675.0% |
| Weighted shares — basic | 702.3M | — | 706.9M | 709.5M | 711.8M | — | 721.2M | 725.5M |
| Weighted shares — diluted | 703.6M | — | 706.9M | 709.5M | 713.2M | — | 721.2M | 727.4M |
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 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.9B | $2.2B | $1.5B | $2.4B | $4.6B | $3.8B | $4.1B | $4.1B |
| YoY | — | — | — | — | +59.9% | +74.3% | +180.5% | -10.1% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $5.4B | $4.8B | $4.9B | $5.4B | $5.0B | $4.8B | $5.2B | $5.9B |
| YoY | — | — | — | — | -6.2% | +0.1% | +5.5% | +16.8% |
| Inventory | $6.7B | $6.5B | $6.8B | $6.7B | $6.7B | $6.6B | $6.8B | $7.0B |
| YoY | — | — | — | — | -1.0% | +0.8% | +0.1% | +5.2% |
| Total current assets | $18.0B | $16.6B | $16.3B | $17.7B | $19.6B | $18.1B | $19.5B | $20.2B |
| YoY | — | — | — | — | +9.3% | +8.9% | +19.2% | +2.7% |
| Total assets | $59.4B | $57.3B | $57.5B | $59.0B | $61.0B | $58.5B | $59.8B | $61.0B |
| YoY | — | — | — | — | +2.7% | +2.1% | +4.0% | -0.1% |
| Total current liabilities | $10.8B | $10.3B | $10.6B | $10.5B | $10.1B | $9.2B | $10.5B | $11.5B |
| YoY | — | — | — | — | -6.7% | -10.7% | -0.5% | +13.7% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $18.3B | $17.4B | $16.8B | $17.2B | $17.5B | $16.0B | $15.2B | $16.2B |
| YoY | — | — | — | — | -4.2% | -7.8% | -9.2% | -7.9% |
| 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 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $800.0M | $814.0M | $91.0M | $-470.0M | $1.1B | $284.0M | $1.1B | $3.2B |
| YoY | — | — | — | — | +40.9% | -65.1% | +1135.2% | +181.2% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $94.0M | $0 | $0 | $0 | $0 | $0 | — | — |
| YoY | — | — | — | — | -100.0% | — | — | — |
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 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 2.0% | — | -2.9% | -8.3% | 0.6% | — | -5.4% | 4.1% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 25.9% | 116.0% | 22.5% | -21.5% | -77.1% | 4.6% | -14.1% | 18.2% |
| Current ratio | 1.66x | 1.61x | 1.54x | 1.69x | 1.94x | 1.97x | 1.85x | 1.76x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| DOW FY25 · this stock | $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% |
| MOS FY25 | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | -4.4% |
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.