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.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.6B | $22.0B | $22.2B | $22.2B | $22.2B | $23.5B | $24.0B | $25.0B |
| YoY | — | — | — | — | +3.1% | +6.8% | +8.3% | +12.5% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.1B | $1.1B | $1.3B | $1.8B | $1.2B | $1.4B | $1.3B | $1.6B |
| YoY | — | — | — | — | +9.8% | +31.0% | +4.3% | -13.5% |
| Pretax income | $1.1B | $981.0M | $1.2B | $2.2B | $1.1B | $1.3B | $1.3B | $2.1B |
| YoY | — | — | — | — | +7.4% | +31.4% | +6.9% | -5.2% |
| Income tax | $262.0M | $240.0M | $272.0M | $575.0M | $310.0M | $333.0M | $207.0M | $510.0M |
| YoY | — | — | — | — | +18.3% | +38.8% | -23.9% | -11.3% |
| Net income | $794.0M | $741.0M | $909.0M | $1.6B | $824.0M | $956.0M | $1.1B | $1.6B |
| YoY | — | — | — | — | +3.8% | +29.0% | +16.2% | -3.1% |
| EPS — basic | $3.24 | $3.06 | $3.79 | — | $3.48 | $4.07 | $4.46 | — |
| YoY | — | — | — | — | +7.4% | +33.0% | +17.7% | — |
| EPS — diluted | $3.21 | $3.03 | $3.76 | — | $3.46 | $4.04 | $4.41 | — |
| YoY | — | — | — | — | +7.8% | +33.3% | +17.3% | — |
| Weighted shares — basic | 244.0M | 242.0M | 240.0M | — | 236.0M | 235.0M | 236.0M | — |
| Weighted shares — diluted | 247.0M | 244.0M | 242.0M | — | 238.0M | 236.0M | 239.0M | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.9B | $5.0B | $5.1B | $5.5B | $6.2B | $6.6B | $8.0B | $13.3B |
| YoY | — | — | — | — | +3.8% | +30.6% | +55.9% | +141.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $10.3B | $10.7B | $10.2B | $11.4B | $11.5B | $12.2B | $11.8B | $12.7B |
| YoY | — | — | — | — | +11.7% | +13.2% | +15.4% | +11.5% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $18.1B | $17.7B | $17.2B | $18.4B | $19.3B | $20.7B | $25.5B | $27.9B |
| YoY | — | — | — | — | +6.9% | +16.5% | +48.0% | +51.8% |
| Total assets | $86.7B | $85.5B | $85.0B | $87.6B | $88.4B | $89.2B | $94.7B | $98.9B |
| YoY | — | — | — | — | +2.0% | +4.3% | +11.4% | +12.9% |
| Total current liabilities | $14.1B | $14.4B | $13.9B | $15.4B | $15.5B | $16.2B | $17.3B | $18.9B |
| YoY | — | — | — | — | +10.0% | +12.7% | +24.4% | +22.7% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $27.2B | $26.5B | $26.7B | $28.1B | $27.8B | $28.1B | $29.8B | $31.6B |
| YoY | — | — | — | — | +2.2% | +6.3% | +11.6% | +12.7% |
| 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.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $1.3B | $2.0B | $2.5B | $1.7B | $2.0B | $2.0B | $3.3B |
| YoY | — | — | — | — | +44.6% | +48.0% | -0.9% | +29.6% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $339.0M | $337.0M | $332.0M | $331.0M | $345.0M | $342.0M | $341.0M | $346.0M |
| YoY | — | — | — | — | +1.8% | +1.5% | +2.7% | +4.5% |
| Share repurchases | $1.0B | $1.0B | $497.0M | $500.0M | $500.0M | $296.0M | $0 | $0 |
| YoY | — | — | — | — | -50.0% | -71.0% | -100.0% | -100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 5.0% | 4.8% | 5.8% | 8.1% | 5.3% | 5.9% | 5.6% | 6.2% |
| Net margin | 3.7% | 3.4% | 4.1% | 7.4% | 3.7% | 4.1% | 4.4% | 6.4% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 24.8% | 24.5% | 23.0% | 25.9% | 27.3% | 25.8% | 16.4% | 24.2% |
| Current ratio | 1.28x | 1.23x | 1.24x | 1.19x | 1.25x | 1.27x | 1.47x | 1.48x |
| 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 |
|---|---|---|---|---|---|---|
| FDX FY26 · this stock | $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% | — | — |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
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.