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 | $4.0B | $4.4B | $4.5B | $4.3B | $4.3B | $4.1B | $3.8B | $7.4B |
| YoY | — | — | — | — | +7.6% | -6.4% | -14.5% | +73.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $1.1B | $840.0M | $646.0M | $1.2B | $912.0M | $747.0M | $166.0M | $2.4B |
| YoY | — | — | — | — | -14.3% | -11.1% | -74.3% | +105.3% |
| Income tax | $239.0M | $187.0M | $137.0M | $244.0M | $219.0M | $185.0M | $46.0M | $473.0M |
| YoY | — | — | — | — | -8.4% | -1.1% | -66.4% | +93.9% |
| Net income | $812.0M | $639.0M | $494.0M | $899.0M | $687.0M | $562.0M | $120.0M | $1.9B |
| YoY | — | — | — | — | -15.4% | -12.1% | -75.7% | +112.6% |
| EPS — basic | $1.31 | — | $0.77 | $1.42 | $1.09 | — | $0.19 | $2.04 |
| YoY | — | — | — | — | -16.8% | — | -75.3% | +43.7% |
| EPS — diluted | $1.30 | — | $0.77 | $1.41 | $1.09 | — | $0.19 | $2.03 |
| YoY | — | — | — | — | -16.2% | — | -75.3% | +44.0% |
| Weighted shares — basic | 622.0M | — | 643.0M | 635.0M | 628.0M | — | 616.0M | 937.0M |
| Weighted shares — diluted | 623.0M | — | 645.0M | 636.0M | 629.0M | — | 618.0M | 940.0M |
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 | $645.0M | $811.0M | $1.2B | $1.7B | $1.2B | $1.4B | $1.8B | $950.0M |
| YoY | — | — | — | — | +90.5% | +70.7% | +47.2% | -44.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.8B | $2.0B | $2.0B | $1.9B | $1.8B | $1.8B | $2.2B | $3.2B |
| YoY | — | — | — | — | +3.1% | -9.1% | +10.5% | +70.6% |
| Inventory | $293.0M | $294.0M | $332.0M | $327.0M | $361.0M | $336.0M | $319.0M | $356.0M |
| YoY | — | — | — | — | +23.2% | +14.3% | -3.9% | +8.9% |
| Total current assets | $3.2B | $3.4B | $3.9B | $4.3B | $3.9B | $4.0B | $4.8B | $5.0B |
| YoY | — | — | — | — | +19.6% | +16.9% | +21.9% | +16.8% |
| Total assets | $30.3B | $30.5B | $30.9B | $31.4B | $31.2B | $31.6B | $32.5B | $70.9B |
| YoY | — | — | — | — | +3.2% | +3.6% | +5.2% | +125.8% |
| Total current liabilities | $2.9B | $3.3B | $3.6B | $3.5B | $4.0B | $4.1B | $4.7B | $7.0B |
| YoY | — | — | — | — | +39.1% | +23.5% | +30.8% | +99.0% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $14.3B | $14.5B | $14.5B | $15.1B | $15.3B | $15.5B | $15.4B | $41.7B |
| YoY | — | — | — | — | +7.5% | +7.1% | +6.1% | +177.2% |
| 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 | $1.7B | $1.7B | $1.9B | $1.5B | $1.7B | $1.5B | $1.7B | $3.7B |
| YoY | — | — | — | — | +1.6% | -7.8% | -14.8% | +137.8% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $272.0M | $143.0M | — | — | $151.0M | $-151.0M | — | — |
| YoY | — | — | — | — | -44.5% | -205.6% | — | — |
| Share repurchases | $295.0M | $301.0M | $301.0M | $249.0M | $250.0M | $250.0M | $69.0M | $197.0M |
| YoY | — | — | — | — | -15.3% | -16.9% | -77.1% | -20.9% |
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 | 20.2% | 14.5% | 11.1% | 21.0% | 15.9% | 13.6% | 3.2% | 25.8% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 22.5% | 22.3% | 21.2% | 21.0% | 24.0% | 24.8% | 27.7% | 19.8% |
| Current ratio | 1.11x | 1.04x | 1.08x | 1.22x | 0.96x | 0.98x | 1.01x | 0.72x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| DVN FY25 · this stock | $17.2B | +7.8% | — | — | 15.4% | — |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| 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% | — |
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.