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 | $6.8B | $9.6B | $8.4B | $11.1B | $15.0B |
| YoY | — | +41.9% | -12.8% | +31.6% | +35.8% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $146.0M | $144.0M | $150.0M | $213.0M | $288.0M |
| YoY | — | -1.4% | +4.2% | +42.0% | +35.2% |
| Operating income | $4.0B | $6.5B | $4.6B | $4.4B | $1.3B |
| YoY | — | +62.7% | -29.8% | -3.8% | -71.2% |
| Pretax income | $2.9B | $5.7B | $4.2B | $4.5B | $1.9B |
| YoY | — | +97.3% | -25.9% | +6.0% | -58.4% |
| Income tax | $631.0M | $1.2B | $912.0M | $800.0M | $327.0M |
| YoY | — | +86.1% | -22.3% | -12.3% | -59.1% |
| Net income | $2.2B | $4.4B | $3.1B | $3.3B | $1.7B |
| YoY | — | +101.0% | -28.3% | +6.2% | -50.1% |
| EPS — basic | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
| YoY | — | +101.1% | -29.5% | -10.4% | -63.1% |
| EPS — diluted | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
| YoY | — | +101.1% | -29.5% | -10.4% | -63.1% |
| Weighted shares — basic | 176.6M | 176.5M | 180.0M | 213.5M | 289.1M |
| Weighted shares — diluted | 176.6M | 176.5M | 180.0M | 213.5M | 289.1M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $654.0M | $157.0M | $582.0M | $161.0M | $104.0M |
| YoY | — | -76.0% | +270.7% | -72.3% | -35.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $598.0M | $618.0M | $654.0M | $1.4B | $1.1B |
| YoY | — | +3.3% | +5.8% | +112.1% | -18.7% |
| Inventory | $62.0M | $67.0M | $63.0M | $116.0M | $86.0M |
| YoY | — | +8.1% | -6.0% | +84.1% | -25.9% |
| Total current assets | $1.4B | $1.4B | $1.6B | $2.1B | $1.9B |
| YoY | — | -3.7% | +16.5% | +30.2% | -9.2% |
| Total assets | $22.9B | $26.2B | $29.0B | $67.3B | $71.1B |
| YoY | — | +14.5% | +10.7% | +132.0% | +5.6% |
| Total current liabilities | $1.4B | $1.7B | $2.1B | $4.8B | $4.6B |
| YoY | — | +19.3% | +22.8% | +128.2% | -4.4% |
| Total liabilities | $9.7B | $10.5B | $11.6B | $27.4B | $28.1B |
| YoY | — | +9.0% | +10.0% | +137.1% | +2.4% |
| Total equity | $12.1B | $15.0B | $16.6B | $37.7B | $37.0B |
| YoY | — | +24.2% | +10.8% | +127.0% | -2.0% |
| Shares outstanding | 177.6M | 179.8M | 178.7M | 291.0M | 284.6M |
| YoY | — | +1.2% | -0.6% | +62.8% | -2.2% |
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 | $3.9B | $6.3B | $5.9B | $6.4B | $8.8B |
| YoY | — | +60.4% | -6.4% | +8.3% | +36.6% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 58.9% | 67.5% | 54.3% | 39.7% | 8.4% |
| Net margin | 32.1% | 45.5% | 37.4% | 30.2% | 11.1% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 21.7% | 20.5% | 21.5% | 17.8% | 17.4% |
| Current ratio | 1.01x | 0.81x | 0.77x | 0.44x | 0.42x |
| Total liabilities / equity | 0.80x | 0.70x | 0.70x | 0.73x | 0.76x |
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.