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 | $6.0B | $5.6B | $5.7B | $5.5B | $5.8B | $5.6B | $6.9B | $8.6B |
| YoY | — | — | — | — | -2.0% | +0.9% | +22.1% | +57.4% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $2.1B | $1.6B | $1.9B | $1.7B | $1.8B | $943.0M | $2.6B | $3.5B |
| YoY | — | — | — | — | -12.1% | -40.8% | +39.8% | +101.9% |
| Pretax income | $2.1B | $1.6B | $1.9B | $1.8B | $1.8B | $910.0M | $2.6B | $3.5B |
| YoY | — | — | — | — | -14.5% | -44.0% | +36.1% | +99.8% |
| Income tax | $461.0M | $373.0M | $414.0M | $406.0M | $353.0M | $209.0M | $575.0M | $775.0M |
| YoY | — | — | — | — | -23.4% | -44.0% | +38.9% | +90.9% |
| Net income | $1.7B | $1.3B | $1.5B | $1.3B | $1.5B | $701.0M | $2.0B | $2.7B |
| YoY | — | — | — | — | -12.1% | -44.0% | +35.3% | +102.5% |
| EPS — basic | $2.97 | — | $2.66 | $2.48 | $2.72 | — | $3.72 | $5.18 |
| YoY | — | — | — | — | -8.4% | — | +39.8% | +108.9% |
| EPS — diluted | $2.95 | — | $2.65 | $2.46 | $2.70 | — | $3.70 | $5.15 |
| YoY | — | — | — | — | -8.5% | — | +39.6% | +109.3% |
| Weighted shares — basic | 564.0M | — | 550.0M | 543.0M | 541.0M | — | 532.0M | 526.0M |
| Weighted shares — diluted | 568.0M | — | 553.0M | 546.0M | 544.0M | — | 535.0M | 529.0M |
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 | $6.1B | $7.1B | $6.6B | $5.2B | $3.5B | $3.4B | $3.8B | $4.9B |
| YoY | — | — | — | — | -42.3% | -52.1% | -41.7% | -5.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.5B | $2.6B | $2.6B | $2.5B | $2.7B | $2.7B | $3.6B | $3.5B |
| YoY | — | — | — | — | +5.3% | +1.2% | +37.2% | +40.9% |
| Inventory | $1.0B | $985.0M | $897.0M | $934.0M | $945.0M | $1.0B | $955.0M | $930.0M |
| YoY | — | — | — | — | -9.0% | +2.9% | +6.5% | -0.4% |
| Total current assets | $10.2B | $11.2B | $10.7B | $9.2B | $7.8B | $7.7B | $9.0B | $9.9B |
| YoY | — | — | — | — | -23.1% | -31.8% | -16.1% | +6.8% |
| Total assets | $46.2B | $47.2B | $47.0B | $46.3B | $52.2B | $51.8B | $53.4B | $54.8B |
| YoY | — | — | — | — | +13.1% | +9.8% | +13.6% | +18.4% |
| Total current liabilities | $4.4B | $5.4B | $5.7B | $5.2B | $4.8B | $4.7B | $5.2B | $5.3B |
| YoY | — | — | — | — | +9.3% | -12.4% | -8.7% | +3.1% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $29.6B | $29.4B | $29.5B | $29.2B | $30.3B | $29.8B | $30.9B | $31.9B |
| YoY | — | — | — | — | +2.4% | +1.6% | +4.7% | +9.0% |
| 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 | $3.6B | $2.8B | $2.3B | $2.0B | $3.1B | $2.6B | $3.0B | $4.7B |
| YoY | — | — | — | — | -13.3% | -5.5% | +29.6% | +129.8% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $795.0M | $993.0M | $806.0M | $602.0M | $479.0M | $677.0M | $418.0M | $1.3B |
| YoY | — | — | — | — | -39.7% | -31.8% | -48.1% | +115.8% |
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 | 35.0% | 28.5% | 32.8% | 31.9% | 31.4% | 16.7% | 37.5% | 40.9% |
| Net margin | 28.0% | 22.4% | 25.8% | 24.6% | 25.2% | 12.4% | 28.6% | 31.6% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 21.6% | 23.0% | 22.1% | 23.2% | 19.4% | 23.0% | 22.5% | 22.1% |
| Current ratio | 2.31x | 2.10x | 1.87x | 1.79x | 1.62x | 1.63x | 1.72x | 1.85x |
| 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 |
|---|---|---|---|---|---|---|
| EOG FY25 · this stock | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| 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% |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.