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 | $2.6B | $3.7B | $4.0B | $3.7B | $3.9B | $3.4B | $4.2B | $5.6B |
| YoY | — | — | — | — | +48.4% | -9.0% | +4.7% | +51.2% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $49.0M | $72.0M | $73.0M | $67.0M | $70.0M | $78.0M | $79.0M | $72.0M |
| YoY | — | — | — | — | +42.9% | +8.3% | +8.2% | +7.5% |
| Operating income | $710.0M | $1.4B | $1.7B | $1.1B | $1.2B | $-2.8B | $116.0M | $2.5B |
| YoY | — | — | — | — | +74.1% | -297.0% | -93.1% | +120.5% |
| Pretax income | $918.0M | $1.4B | $1.9B | $943.0M | $1.4B | $-2.3B | $176.0M | $2.6B |
| YoY | — | — | — | — | +49.2% | -266.0% | -90.7% | +179.4% |
| Income tax | $210.0M | $115.0M | $403.0M | $204.0M | $287.0M | $-567.0M | $32.0M | $580.0M |
| YoY | — | — | — | — | +36.7% | -593.0% | -92.1% | +184.3% |
| Net income | $659.0M | $1.1B | $1.4B | $699.0M | $1.0B | $-1.5B | $25.0M | $1.9B |
| YoY | — | — | — | — | +54.5% | -235.8% | -98.2% | +169.2% |
| EPS — basic | $3.19 | — | $4.83 | $2.38 | $3.51 | — | $0.08 | $6.65 |
| YoY | — | — | — | — | +10.0% | — | -98.3% | +179.4% |
| EPS — diluted | $3.19 | — | $4.83 | $2.38 | $3.51 | — | $0.08 | $6.65 |
| YoY | — | — | — | — | +10.0% | — | -98.3% | +179.4% |
| Weighted shares — basic | 204.7M | — | 289.6M | 292.1M | 288.8M | — | 282.8M | 281.2M |
| Weighted shares — diluted | 204.7M | — | 289.6M | 292.1M | 288.8M | — | 282.8M | 281.2M |
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 | $370.0M | $161.0M | $1.8B | $219.0M | $159.0M | $104.0M | $174.0M | $462.0M |
| YoY | — | — | — | — | -57.0% | -35.4% | -90.4% | +111.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.2B | $1.4B | $1.3B | $1.3B | $1.3B | $1.1B | $1.8B | $1.7B |
| YoY | — | — | — | — | +6.9% | -18.7% | +37.5% | +30.6% |
| Inventory | $126.0M | $116.0M | $117.0M | $115.0M | $86.0M | $86.0M | $79.0M | $67.0M |
| YoY | — | — | — | — | -31.7% | -25.9% | -32.5% | -41.7% |
| Total current assets | $2.0B | $2.1B | $4.1B | $2.1B | $2.6B | $1.9B | $2.7B | $2.6B |
| YoY | — | — | — | — | +27.6% | -9.2% | -33.8% | +28.3% |
| Total assets | $65.7B | $67.3B | $70.1B | $71.9B | $76.2B | $71.1B | $70.1B | $70.2B |
| YoY | — | — | — | — | +15.9% | +5.6% | +0.0% | -2.4% |
| Total current liabilities | $4.5B | $4.8B | $4.8B | $3.8B | $4.1B | $4.6B | $4.8B | $5.7B |
| YoY | — | — | — | — | -7.2% | -4.4% | +1.3% | +51.1% |
| Total liabilities | $26.9B | $27.4B | $28.3B | $29.1B | $30.6B | $28.1B | $27.4B | $26.2B |
| YoY | — | — | — | — | +13.6% | +2.4% | -3.1% | -9.9% |
| Total equity | $37.4B | $37.7B | $38.5B | $38.9B | $39.1B | $37.0B | $36.5B | $37.9B |
| YoY | — | — | — | — | +4.4% | -2.0% | -5.2% | -2.5% |
| Shares outstanding | 292.7M | 291.0M | 287.3M | 291.2M | 286.9M | 284.6M | 281.3M | 280.6M |
| YoY | — | — | — | — | -2.0% | -2.2% | -2.1% | -3.6% |
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 | $1.2B | $2.3B | $2.4B | $1.7B | $2.4B | $2.3B | $1.8B | $3.6B |
| YoY | — | — | — | — | +97.1% | +0.1% | -22.4% | +114.0% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $515.0M | $402.0M | $575.0M | $398.0M | $603.0M | — | — | — |
| YoY | — | — | — | — | +17.1% | — | — | — |
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 | 26.8% | 38.0% | 41.3% | 31.0% | 31.5% | -82.4% | 2.7% | 45.2% |
| Net margin | 24.9% | 28.9% | 34.7% | 19.0% | 25.9% | -43.2% | 0.6% | 33.8% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 22.9% | 8.2% | 21.3% | 21.6% | 20.9% | 24.3% | 18.2% | 22.0% |
| Current ratio | 0.45x | 0.44x | 0.86x | 0.55x | 0.62x | 0.42x | 0.56x | 0.47x |
| Total liabilities / equity | 0.72x | 0.73x | 0.74x | 0.75x | 0.78x | 0.76x | 0.75x | 0.69x |
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 |
|---|---|---|---|---|---|---|
| FANG FY25 · this stock | $15.0B | +35.8% | — | 8.4% | 11.1% | — |
| 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.