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 | $1.3B | $1.6B | $1.7B | $2.6B | $2.0B | $2.4B | $3.4B | $1.8B |
| YoY | — | — | — | — | +52.6% | +47.0% | +94.2% | -29.2% |
| Cost of goods sold | $440.8M | $386.5M | $378.2M | $389.1M | $377.1M | $387.6M | $400.3M | $385.0M |
| YoY | — | — | — | — | -14.5% | +0.3% | +5.8% | -1.1% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $88.5M | $108.0M | $91.5M | $81.6M | $98.7M | $108.3M | $95.8M | $106.4M |
| YoY | — | — | — | — | +11.5% | +0.3% | +4.7% | +30.4% |
| Operating income | $-281.8M | $781.4M | $496.2M | $1.1B | $603.2M | $1.0B | $2.0B | $394.0M |
| YoY | — | — | — | — | +314.1% | +30.0% | +310.3% | -65.3% |
| Pretax income | $-402.3M | $574.1M | $394.1M | $1.1B | $536.5M | $954.7M | $2.0B | $366.4M |
| YoY | — | — | — | — | +233.4% | +66.3% | +404.3% | -66.5% |
| Income tax | $-104.9M | $146.9M | $78.7M | $235.6M | $129.3M | $208.3M | $433.4M | $84.9M |
| YoY | — | — | — | — | +223.3% | +41.8% | +450.7% | -64.0% |
| Net income | $-300.8M | $418.4M | $242.1M | $784.1M | $335.9M | $677.1M | $1.5B | $211.4M |
| YoY | — | — | — | — | +211.7% | +61.8% | +514.3% | -73.0% |
| EPS — basic | $-0.54 | — | $0.40 | $1.31 | $0.54 | — | $2.38 | $0.34 |
| YoY | — | — | — | — | +200.0% | — | +495.0% | -74.0% |
| EPS — diluted | $-0.54 | — | $0.40 | $1.30 | $0.53 | — | $2.36 | $0.34 |
| YoY | — | — | — | — | +198.1% | — | +490.0% | -73.8% |
| Weighted shares — basic | 559.6M | — | 598.0M | 599.2M | 624.5M | — | 625.1M | 626.0M |
| Weighted shares — diluted | 559.6M | — | 602.8M | 602.9M | 628.3M | — | 629.2M | 629.0M |
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 | $89.0M | $202.1M | $281.8M | $555.5M | $235.7M | $110.8M | $326.6M | $112.9M |
| YoY | — | — | — | — | +164.8% | -45.2% | +15.9% | -79.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $577.6M | $1.1B | $1.2B | $817.4M | $803.9M | $1.5B | $953.3M | $835.1M |
| YoY | — | — | — | — | +39.2% | +28.7% | -21.0% | +2.2% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $1.1B | $1.7B | $1.7B | $1.6B | $1.3B | $1.9B | $1.6B | $1.2B |
| YoY | — | — | — | — | +17.1% | +10.5% | -10.5% | -27.8% |
| Total assets | $39.9B | $39.8B | $39.7B | $39.7B | $41.2B | $41.8B | $41.7B | $41.3B |
| YoY | — | — | — | — | +3.1% | +4.9% | +5.0% | +4.2% |
| Total current liabilities | $2.1B | $2.5B | $3.1B | $2.3B | $2.2B | $2.5B | $2.4B | $1.8B |
| YoY | — | — | — | — | +3.7% | +0.9% | -22.7% | -24.1% |
| Total liabilities | $19.5B | $15.6B | $15.3B | $14.6B | $14.4B | $14.4B | $12.9B | $12.5B |
| YoY | — | — | — | — | -26.0% | -7.2% | -15.7% | -14.5% |
| Total equity | $20.3B | $20.6B | $20.7B | $21.4B | $23.2B | $23.8B | $25.1B | $25.3B |
| YoY | — | — | — | — | +13.9% | +15.3% | +21.2% | +17.9% |
| 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 | $593.0M | $756.3M | $1.7B | $1.2B | $1.0B | $1.1B | $3.1B | $1.0B |
| YoY | — | — | — | — | +71.6% | +48.8% | +75.5% | -15.6% |
| Capital expenditures | $569.5M | $591.6M | $499.6M | $549.6M | $626.4M | $612.7M | $598.5M | $650.2M |
| YoY | — | — | — | — | +10.0% | +3.6% | +19.8% | +18.3% |
| Free cash flow | $23.5M | $164.7M | $1.2B | $692.1M | $391.3M | $512.7M | $2.5B | $397.8M |
| YoY | — | — | — | — | +1565.1% | +211.3% | +97.8% | -42.5% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | -22.0% | 48.1% | 28.5% | 44.3% | 30.8% | 42.5% | 60.3% | 21.8% |
| Net margin | -23.4% | 25.8% | 13.9% | 30.7% | 17.2% | 28.4% | 44.0% | 11.7% |
| Free cash flow margin | 1.8% | 10.1% | 71.4% | 27.1% | 20.0% | 21.5% | 72.7% | 22.0% |
| Effective tax rate | 26.1% | 25.6% | 20.0% | 21.6% | 24.1% | 21.8% | 21.8% | 23.2% |
| Current ratio | 0.51x | 0.70x | 0.57x | 0.71x | 0.58x | 0.76x | 0.66x | 0.67x |
| Total liabilities / equity | 0.96x | 0.76x | 0.74x | 0.68x | 0.62x | 0.61x | 0.51x | 0.49x |
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.