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 | $4.0B | $3.7B | $4.0B | $4.2B | $4.2B | $4.1B | $4.4B |
| YoY | — | — | — | — | +4.2% | +4.8% | +10.0% | +9.7% |
| Cost of goods sold | $2.3B | $2.3B | $2.1B | $2.2B | $2.3B | $2.3B | $2.3B | $2.5B |
| YoY | — | — | — | — | +1.7% | +3.5% | +11.4% | +11.1% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B |
| YoY | — | — | — | — | +5.3% | +1.0% | +5.0% | +6.9% |
| Operating income | $1.0B | $582.8M | $555.3M | $710.1M | $760.2M | $712.0M | $622.0M | $757.9M |
| YoY | — | — | — | — | -27.2% | +22.2% | +12.0% | +6.7% |
| Pretax income | $987.3M | $534.3M | $510.0M | $659.9M | $717.7M | $660.3M | $558.1M | $693.6M |
| YoY | — | — | — | — | -27.3% | +23.6% | +9.4% | +5.1% |
| Income tax | $246.5M | $54.8M | $103.5M | $131.4M | $128.0M | $91.7M | $121.5M | $154.9M |
| YoY | — | — | — | — | -48.1% | +67.3% | +17.4% | +17.9% |
| Net income | $736.5M | $472.9M | $402.5M | $524.2M | $585.0M | $563.9M | $432.6M | $534.9M |
| YoY | — | — | — | — | -20.6% | +19.2% | +7.5% | +2.0% |
| EPS — basic | $2.60 | $1.67 | $1.42 | $1.85 | $2.06 | — | $1.53 | $1.91 |
| YoY | — | — | — | — | -20.8% | — | +7.7% | +3.2% |
| EPS — diluted | $2.58 | $1.66 | $1.41 | $1.84 | $2.05 | — | $1.52 | $1.90 |
| YoY | — | — | — | — | -20.5% | — | +7.8% | +3.3% |
| Weighted shares — basic | 283.6M | 283.3M | 283.4M | 283.5M | 283.5M | — | 282.0M | 280.7M |
| Weighted shares — diluted | 286.0M | 285.7M | 285.3M | 285.4M | 285.4M | — | 283.7M | 282.2M |
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 | $1.3B | $1.3B | $1.2B | $1.9B | $2.0B | $646.2M | $519.8M | $5.1B |
| YoY | — | — | — | — | +55.1% | -48.6% | -55.3% | +167.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.9B | $2.9B | $2.9B | $3.1B | $3.1B | $3.2B | $3.3B | $3.5B |
| YoY | — | — | — | — | +8.0% | +13.4% | +14.8% | +12.9% |
| Inventory | $1.6B | $1.5B | $1.5B | $1.6B | $1.5B | $1.5B | $1.6B | $1.6B |
| YoY | — | — | — | — | -2.4% | +1.7% | +1.6% | +4.7% |
| Total current assets | $6.1B | $6.0B | $6.1B | $7.1B | $7.1B | $6.0B | $6.0B | $11.0B |
| YoY | — | — | — | — | +16.2% | -1.2% | -0.6% | +55.7% |
| Total assets | $22.1B | $22.4B | $22.4B | $23.7B | $23.9B | $24.7B | $25.0B | $29.9B |
| YoY | — | — | — | — | +8.1% | +10.3% | +12.0% | +26.1% |
| Total current liabilities | $4.7B | $4.8B | $4.6B | $4.9B | $4.2B | $5.5B | $6.1B | $6.0B |
| YoY | — | — | — | — | -11.1% | +15.5% | +32.3% | +22.0% |
| Total liabilities | $13.5B | $13.6B | $13.5B | $14.4B | $14.1B | $14.9B | $15.0B | $19.8B |
| YoY | — | — | — | — | +4.6% | +9.5% | +11.5% | +37.9% |
| Total equity | $8.5B | $8.8B | $8.9B | $9.3B | $9.7B | $9.8B | $10.0B | $10.1B |
| YoY | — | — | — | — | +13.7% | +11.6% | +12.7% | +7.9% |
| Shares outstanding | 283.2M | 283.4M | 283.5M | 283.6M | 283.2M | 282.0M | 281.4M | 280.3M |
| YoY | — | — | — | — | +0.0% | -0.5% | -0.7% | -1.2% |
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 | $786.7M | $766.7M | $369.4M | $701.8M | $791.3M | $1.1B | $445.9M | $729.5M |
| YoY | — | — | — | — | +0.6% | +42.2% | +20.7% | +3.9% |
| Capital expenditures | $236.4M | $359.7M | $237.9M | $216.7M | $261.6M | $332.1M | $348.5M | $240.1M |
| YoY | — | — | — | — | +10.7% | -7.7% | +46.5% | +10.8% |
| Free cash flow | $550.3M | $407.0M | $131.5M | $485.1M | $529.7M | $758.0M | $97.4M | $489.4M |
| YoY | — | — | — | — | -3.7% | +86.2% | -25.9% | +0.9% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $464.3M | $2.8M | $153.7M | $45.5M | $175.4M | $409.2M | $344.4M | $324.9M |
| YoY | — | — | — | — | -62.2% | +14514.3% | +124.1% | +614.1% |
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 | 26.1% | 14.6% | 15.0% | 17.6% | 18.3% | 17.0% | 15.3% | 17.2% |
| Net margin | 18.4% | 11.8% | 10.9% | 13.0% | 14.0% | 13.4% | 10.6% | 12.1% |
| Free cash flow margin | 13.8% | 10.2% | 3.6% | 12.1% | 12.7% | 18.1% | 2.4% | 11.1% |
| Effective tax rate | 25.0% | 10.3% | 20.3% | 19.9% | 17.8% | 13.9% | 21.8% | 22.3% |
| Current ratio | 1.30x | 1.26x | 1.32x | 1.44x | 1.70x | 1.08x | 0.99x | 1.84x |
| Total liabilities / equity | 1.58x | 1.55x | 1.52x | 1.54x | 1.46x | 1.52x | 1.50x | 1.97x |
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 |
|---|---|---|---|---|---|---|
| ECL FY25 · this stock | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| 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% | — |
| 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.