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 | $6.3B | $6.2B | $6.4B | $7.0B | $7.0B | $7.1B | $7.5B | $8.5B |
| YoY | — | — | — | — | +10.1% | +13.1% | +16.8% | +21.4% |
| Cost of goods sold | $3.9B | $3.8B | $3.9B | $4.4B | $4.3B | $4.5B | $4.8B | $5.7B |
| YoY | — | — | — | — | +10.6% | +17.0% | +22.1% | +28.1% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $207.0M | $201.0M | $198.0M | $192.0M | $203.0M | $203.0M | $211.0M | $227.0M |
| YoY | — | — | — | — | -1.9% | +1.0% | +6.6% | +18.2% |
| Selling, general & administrative | $1.0B | $1.0B | $1.0B | $1.1B | $1.1B | $1.0B | $1.3B | $1.2B |
| YoY | — | — | — | — | +7.5% | +0.6% | +21.1% | +7.6% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $1.1B |
| YoY | — | — | — | — | +5.9% | +11.0% | -5.9% | -3.5% |
| Income tax | $193.0M | $195.0M | $212.0M | $203.0M | $264.0M | $161.0M | $240.0M | $321.0M |
| YoY | — | — | — | — | +36.8% | -17.4% | +13.2% | +58.1% |
| Net income | $1.0B | $971.0M | $964.0M | $982.0M | $1.0B | $1.1B | $866.0M | $821.0M |
| YoY | — | — | — | — | +0.1% | +16.6% | -10.2% | -16.4% |
| EPS — basic | $2.54 | — | $2.46 | $2.52 | $2.60 | — | $2.23 | $2.11 |
| YoY | — | — | — | — | +2.4% | — | -9.3% | -16.3% |
| EPS — diluted | $2.53 | — | $2.45 | $2.51 | $2.59 | — | $2.22 | $2.11 |
| YoY | — | — | — | — | +2.4% | — | -9.4% | -15.9% |
| Weighted shares — basic | 397.1M | — | 392.2M | 390.3M | 388.8M | — | 388.2M | 388.5M |
| Weighted shares — diluted | 398.9M | — | 393.6M | 391.4M | 390.1M | — | 389.2M | 389.5M |
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 | $473.0M | $555.0M | $1.8B | $398.0M | $328.0M | $622.0M | $565.0M | $483.0M |
| YoY | — | — | — | — | -30.7% | +12.1% | -68.2% | +21.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $4.9B | $4.6B | $5.1B | $5.5B | $5.6B | $5.4B | $6.4B | $6.7B |
| YoY | — | — | — | — | +13.7% | +16.6% | +25.0% | +21.6% |
| Inventory | $4.2B | $4.2B | $4.4B | $4.6B | $4.6B | $4.7B | $5.1B | $5.4B |
| YoY | — | — | — | — | +10.4% | +11.7% | +17.2% | +18.2% |
| Total current assets | $12.2B | $11.8B | $12.4B | $11.9B | $12.1B | $12.4B | $14.0B | $14.8B |
| YoY | — | — | — | — | -0.2% | +4.7% | +12.6% | +24.2% |
| Total assets | $39.2B | $38.4B | $39.2B | $40.5B | $40.6B | $41.3B | $55.1B | $56.2B |
| YoY | — | — | — | — | +3.6% | +7.5% | +40.5% | +38.7% |
| Total current liabilities | $7.9B | $7.9B | $9.5B | $9.6B | $9.5B | $9.4B | $11.7B | $11.9B |
| YoY | — | — | — | — | +19.3% | +19.3% | +23.3% | +24.1% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $19.1B | $18.5B | $18.5B | $18.6B | $18.8B | $19.4B | $19.7B | $20.3B |
| YoY | — | — | — | — | -1.4% | +5.1% | +6.6% | +8.9% |
| Shares outstanding | 395.2M | 392.9M | 391.3M | 389.3M | 388.4M | 387.9M | 388.3M | 388.4M |
| YoY | — | — | — | — | -1.7% | -1.3% | -0.8% | -0.2% |
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 | $1.3B | $1.6B | $238.0M | $918.0M | $1.4B | $2.0B | $507.0M | $1.1B |
| YoY | — | — | — | — | +3.2% | +23.0% | +113.0% | +22.8% |
| Capital expenditures | $183.0M | $255.0M | $147.0M | $202.0M | $178.0M | $392.0M | $193.0M | $253.0M |
| YoY | — | — | — | — | -2.7% | +53.7% | +31.3% | +25.2% |
| Free cash flow | $1.1B | $1.3B | $91.0M | $716.0M | $1.2B | $1.6B | $314.0M | $874.0M |
| YoY | — | — | — | — | +4.2% | +17.2% | +245.1% | +22.1% |
| Dividends paid | $374.0M | $370.0M | $397.0M | $421.0M | $404.0M | $404.0M | $415.0M | $443.0M |
| YoY | — | — | — | — | +8.0% | +9.2% | +4.5% | +5.2% |
| Share repurchases | $877.0M | $877.0M | $615.0M | $692.0M | $362.0M | $193.0M | $0 | $0 |
| YoY | — | — | — | — | -58.7% | -78.0% | -100.0% | -100.0% |
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 | — | — | — | — | — | — | — | — |
| Net margin | 15.9% | 15.6% | 15.1% | 14.0% | 14.5% | 16.0% | 11.6% | 9.6% |
| Free cash flow margin | 17.7% | 21.5% | 1.4% | 10.2% | 16.8% | 22.3% | 4.2% | 10.2% |
| Effective tax rate | 16.0% | 16.7% | 18.0% | 17.1% | 20.7% | 12.4% | 21.7% | 28.1% |
| Current ratio | 1.53x | 1.50x | 1.31x | 1.24x | 1.28x | 1.32x | 1.19x | 1.24x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| ETN FY25 · this stock | $27.4B | +10.3% | — | — | 14.9% | 12.9% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
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.