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.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.2B | $11.7B | $8.7B | $4.2B | $12.1B |
| YoY | — | — | -25.7% | -51.4% | +186.3% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-8.7B | $3.8B | $3.1B | $-803.0M | $2.5B |
| YoY | — | — | -16.9% | -125.6% | +407.7% |
| Pretax income | $-9.8B | $3.7B | $3.1B | $-841.0M | $2.3B |
| YoY | — | — | -14.6% | -127.0% | +371.3% |
| Income tax | $-19.0M | $-1.3B | $698.0M | $-127.0M | $463.0M |
| YoY | — | — | +154.3% | -118.2% | +464.6% |
| Net income | $-9.7B | $4.9B | $2.4B | $-714.0M | $1.8B |
| YoY | — | — | -51.0% | -129.5% | +354.8% |
| EPS — basic | $-998.26 | $38.71 | $18.21 | $-4.55 | $7.67 |
| YoY | — | — | -53.0% | -125.0% | +268.6% |
| EPS — diluted | $-998.26 | $33.36 | $16.92 | $-4.55 | $7.57 |
| YoY | — | — | -49.3% | -126.9% | +266.4% |
| Weighted shares — basic | 9.8M | 125.8M | 132.8M | 157.0M | 237.3M |
| Weighted shares — diluted | 9.8M | 146.0M | 143.0M | 157.0M | 240.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $279.0M | $130.0M | $1.1B | $317.0M | $616.0M |
| YoY | — | — | +730.0% | -70.6% | +94.3% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $746.0M | $1.4B | $593.0M | $1.2B | $1.6B |
| YoY | — | — | -58.8% | +106.7% | +30.4% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $1.1B | $2.7B | $2.6B | $2.0B | $2.9B |
| YoY | — | — | -3.3% | -23.5% | +46.0% |
| Total assets | $6.6B | $15.5B | $14.4B | $27.9B | $28.3B |
| YoY | — | — | -7.1% | +94.0% | +1.4% |
| Total current liabilities | $3.1B | $2.7B | $1.3B | $3.1B | $2.9B |
| YoY | — | — | -51.4% | +137.7% | -7.1% |
| Total liabilities | $11.9B | $6.3B | $3.6B | $10.3B | $9.7B |
| YoY | — | — | -42.5% | +183.2% | -6.0% |
| Total equity | $-5.3B | $9.1B | $10.7B | $17.6B | $18.6B |
| YoY | — | — | +17.6% | +63.7% | +5.8% |
| 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.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $4.1B | $2.4B | $1.6B | $4.6B |
| YoY | — | — | -42.3% | -34.2% | +192.3% |
| Capital expenditures | $1.1B | $1.8B | $1.8B | $1.6B | $2.7B |
| YoY | — | — | +0.3% | -14.9% | +75.7% |
| Free cash flow | $22.0M | $2.3B | $551.0M | $8.0M | $1.8B |
| YoY | — | — | -76.1% | -98.5% | +22887.5% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $1.1B | $355.0M | $0 | $100.0M |
| YoY | — | — | -66.9% | -100.0% | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | -166.1% | 32.2% | 36.0% | -19.0% | 20.4% |
| Net margin | -185.8% | 42.0% | 27.7% | -16.9% | 15.0% |
| Free cash flow margin | 0.4% | 19.6% | 6.3% | 0.2% | 15.2% |
| Effective tax rate | 0.2% | -35.2% | 22.4% | 15.1% | 20.3% |
| Current ratio | 0.36x | 1.00x | 1.99x | 0.64x | 1.01x |
| Total liabilities / equity | -2.23x | 0.70x | 0.34x | 0.59x | 0.52x |
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 |
|---|---|---|---|---|---|---|
| EXE FY25 · this stock | $12.1B | +186.3% | — | 20.4% | 15.0% | 15.2% |
| 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.