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 | $10.5B | $10.6B | $9.2B | $9.4B | $8.8B |
| YoY | — | +1.0% | -12.9% | +1.9% | -6.7% |
| Cost of goods sold | $8.0B | $8.4B | $7.1B | $7.1B | $6.9B |
| YoY | — | +5.9% | -15.3% | -0.8% | -2.6% |
| Gross profit | $2.5B | $2.1B | $2.1B | $2.3B | $1.8B |
| YoY | — | -14.5% | -3.6% | +11.1% | -19.5% |
| Research & development | $254.0M | $264.0M | $239.0M | $250.0M | $255.0M |
| YoY | — | +3.9% | -9.5% | +4.6% | +2.0% |
| Selling, general & administrative | $795.0M | $726.0M | $727.0M | $736.0M | $658.0M |
| YoY | — | -8.7% | +0.1% | +1.2% | -10.6% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $1.1B | $977.0M | $1.1B | $1.1B | $568.0M |
| YoY | — | -9.7% | +11.3% | -0.8% | -47.3% |
| Income tax | $215.0M | $181.0M | $191.0M | $170.0M | $93.0M |
| YoY | — | -15.8% | +5.5% | -11.0% | -45.3% |
| Net income | $857.0M | $793.0M | $894.0M | $905.0M | $474.0M |
| YoY | — | -7.5% | +12.7% | +1.2% | -47.6% |
| EPS — basic | $6.35 | $6.42 | $7.54 | $7.75 | $4.14 |
| YoY | — | +1.1% | +17.4% | +2.8% | -46.6% |
| EPS — diluted | $6.25 | $6.35 | $7.49 | $7.67 | $4.10 |
| YoY | — | +1.6% | +18.0% | +2.4% | -46.5% |
| Weighted shares — basic | 134.9M | 123.5M | 118.6M | 116.7M | 114.7M |
| Weighted shares — diluted | 137.1M | 124.9M | 119.4M | 117.9M | 115.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $459.0M | $493.0M | $548.0M | $837.0M | $566.0M |
| YoY | — | +7.4% | +11.2% | +52.7% | -32.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.1B | $957.0M | $826.0M | $791.0M | $737.0M |
| YoY | — | -12.3% | -13.7% | -4.2% | -6.8% |
| Inventory | $1.5B | $1.9B | $1.7B | $2.0B | $2.0B |
| YoY | — | +25.9% | -11.1% | +18.1% | -0.4% |
| Total current assets | $4.6B | $3.8B | $3.5B | $4.1B | $3.6B |
| YoY | — | -18.7% | -7.9% | +17.8% | -11.1% |
| Total assets | $15.5B | $14.7B | $14.6B | $15.2B | $14.9B |
| YoY | — | -5.5% | -0.2% | +4.0% | -2.3% |
| Total current liabilities | $3.0B | $3.3B | $2.6B | $2.7B | $2.7B |
| YoY | — | +9.4% | -20.8% | +5.1% | -2.1% |
| Total liabilities | $9.7B | $9.4B | $9.1B | $9.4B | $8.8B |
| YoY | — | -3.1% | -3.5% | +2.8% | -5.8% |
| Total equity | $5.7B | $5.2B | $5.5B | $5.8B | $6.0B |
| YoY | — | -9.7% | +5.9% | +5.9% | +3.1% |
| Shares outstanding | 221.8M | 222.3M | 222.8M | 223.6M | 223.9M |
| YoY | — | +0.2% | +0.2% | +0.4% | +0.1% |
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 | $1.6B | $975.0M | $1.4B | $1.3B | $970.0M |
| YoY | — | -39.8% | +40.9% | -6.3% | -24.6% |
| Capital expenditures | $555.0M | $611.0M | $828.0M | $599.0M | $546.0M |
| YoY | — | +10.1% | +35.5% | -27.7% | -8.8% |
| Free cash flow | $1.1B | $364.0M | $546.0M | $688.0M | $424.0M |
| YoY | — | -65.8% | +50.0% | +26.0% | -38.4% |
| Dividends paid | $375.0M | $381.0M | $376.0M | $379.0M | $381.0M |
| YoY | — | +1.6% | -1.3% | +0.8% | +0.5% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 23.9% | 20.2% | 22.4% | 24.4% | 21.1% |
| Operating margin | — | — | — | — | — |
| Net margin | 8.2% | 7.5% | 9.7% | 9.6% | 5.4% |
| Free cash flow margin | 10.2% | 3.4% | 5.9% | 7.3% | 4.8% |
| Effective tax rate | 19.9% | 18.5% | 17.6% | 15.8% | 16.4% |
| Current ratio | 1.56x | 1.16x | 1.35x | 1.51x | 1.37x |
| Total liabilities / equity | 1.71x | 1.83x | 1.67x | 1.62x | 1.48x |
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 |
|---|---|---|---|---|---|---|
| EMN FY25 · this stock | $8.8B | -6.7% | 21.1% | — | 5.4% | 4.8% |
| 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% | — |
| 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.