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 | $3.1B | $7.5B | $6.9B | $5.3B | $8.6B |
| YoY | — | +144.6% | -7.9% | -23.7% | +63.9% |
| Cost of goods sold | $1.9B | $2.1B | $2.2B | $1.9B | $1.5B |
| YoY | — | +9.0% | +1.9% | -11.2% | -20.0% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $196.3M | $252.6M | $236.2M | $336.7M | $380.1M |
| YoY | — | +28.7% | -6.5% | +42.5% | +12.9% |
| Operating income | $-1.4B | $2.7B | $2.3B | $685.3M | $3.2B |
| YoY | — | +299.7% | -14.8% | -70.4% | +374.2% |
| Pretax income | $-1.6B | $2.3B | $2.1B | $264.2M | $3.0B |
| YoY | — | +248.8% | -9.9% | -87.4% | +1027.0% |
| Income tax | $-428.0M | $553.7M | $369.0M | $22.1M | $651.9M |
| YoY | — | +229.4% | -33.4% | -94.0% | +2849.8% |
| Net income | $-1.1B | $1.8B | $1.7B | $230.6M | $2.0B |
| YoY | — | +255.0% | -2.0% | -86.7% | +784.3% |
| EPS — basic | $-3.54 | $4.79 | $4.56 | $0.45 | $3.33 |
| YoY | — | +235.3% | -4.8% | -90.1% | +640.0% |
| EPS — diluted | $-3.54 | $4.38 | $4.22 | $0.45 | $3.31 |
| YoY | — | +223.7% | -3.7% | -89.3% | +635.6% |
| Weighted shares — basic | 323.2M | 370.0M | 380.9M | 509.6M | 611.6M |
| Weighted shares — diluted | 323.2M | 406.5M | 413.2M | 514.6M | 615.7M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $114.0M | $1.5B | $81.0M | $202.1M | $110.8M |
| YoY | — | +1179.5% | -94.4% | +149.5% | -45.2% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.4B | $1.6B | $823.7M | $1.1B | $1.5B |
| YoY | — | +11.8% | -48.8% | +37.5% | +28.7% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $2.3B | $4.0B | $2.0B | $1.7B | $1.9B |
| YoY | — | +75.5% | -49.9% | -14.8% | +10.5% |
| Total assets | $21.6B | $22.7B | $25.3B | $39.8B | $41.8B |
| YoY | — | +4.9% | +11.5% | +57.5% | +4.9% |
| Total current liabilities | $5.2B | $3.7B | $2.0B | $2.5B | $2.5B |
| YoY | — | -28.0% | -45.4% | +20.9% | +0.9% |
| Total liabilities | $11.6B | $11.5B | $10.5B | $15.6B | $14.4B |
| YoY | — | -1.5% | -8.3% | +48.1% | -7.2% |
| Total equity | $10.0B | $11.2B | $14.8B | $20.6B | $23.8B |
| YoY | — | +12.2% | +32.2% | +39.4% | +15.3% |
| 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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $3.5B | $3.2B | $2.8B | $5.1B |
| YoY | — | +108.5% | -8.3% | -11.1% | +81.3% |
| Capital expenditures | $1.1B | $1.4B | $2.0B | $2.3B | $2.3B |
| YoY | — | +32.7% | +44.2% | +11.6% | +1.5% |
| Free cash flow | $607.3M | $2.1B | $1.2B | $573.3M | $2.8B |
| YoY | — | +240.1% | -43.8% | -50.6% | +395.0% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $12.9M | $409.5M | $201.0M | $0 | $0 |
| YoY | — | +3074.4% | -50.9% | -100.0% | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | -44.4% | 36.3% | 33.5% | 13.0% | 37.6% |
| Net margin | -37.3% | 23.6% | 25.1% | 4.4% | 23.6% |
| Free cash flow margin | 19.8% | 27.5% | 16.8% | 10.9% | 32.8% |
| Effective tax rate | 27.3% | 23.7% | 17.5% | 8.4% | 21.9% |
| Current ratio | 0.44x | 1.08x | 0.99x | 0.70x | 0.76x |
| Total liabilities / equity | 1.17x | 1.03x | 0.71x | 0.76x | 0.61x |
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 |
|---|---|---|---|---|---|---|
| EQT FY25 · this stock | $8.6B | +63.9% | — | 37.6% | 23.6% | 32.8% |
| 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.