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 | $38.5B | $39.4B | $42.3B | $47.7B | $52.5B |
| YoY | — | +2.4% | +7.3% | +12.9% | +10.1% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $4.2B | $4.2B | $4.2B | $4.8B | $5.4B |
| YoY | — | +1.2% | +0.8% | +13.0% | +11.7% |
| Pretax income | $3.9B | $4.0B | $4.0B | $4.5B | $5.1B |
| YoY | — | +4.2% | -1.3% | +14.0% | +12.4% |
| Income tax | $616.0M | $646.0M | $669.0M | $758.0M | $893.0M |
| YoY | — | +4.9% | +3.6% | +13.3% | +17.8% |
| Net income | $3.3B | $3.4B | $3.3B | $3.8B | $4.2B |
| YoY | — | +4.1% | -2.2% | +14.1% | +11.3% |
| EPS — basic | $11.61 | $12.31 | $12.14 | $13.81 | $15.65 |
| YoY | — | +6.0% | -1.4% | +13.8% | +13.3% |
| EPS — diluted | $11.55 | $12.19 | $12.02 | $13.63 | $15.45 |
| YoY | — | +5.5% | -1.4% | +13.4% | +13.4% |
| Weighted shares — basic | 280.4M | 275.3M | 273.1M | 273.9M | 269.1M |
| Weighted shares — diluted | 282.0M | 278.2M | 275.7M | 277.5M | 272.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.6B | $1.2B | $1.9B | $1.7B | $2.3B |
| YoY | — | -22.5% | +54.0% | -11.3% | +37.5% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $3.0B | $3.0B | $3.0B | $3.0B | $2.4B |
| YoY | — | -1.1% | -0.1% | -0.9% | -19.2% |
| Inventory | $5.3B | $6.3B | $8.6B | $9.7B | $9.2B |
| YoY | — | +18.4% | +35.7% | +13.4% | -5.1% |
| Total current assets | $20.0B | $21.1B | $23.6B | $24.4B | $24.2B |
| YoY | — | +5.4% | +12.1% | +3.3% | -0.6% |
| Total assets | $50.1B | $51.6B | $54.8B | $55.9B | $57.2B |
| YoY | — | +3.0% | +6.3% | +2.0% | +2.4% |
| Total current liabilities | $14.0B | $15.3B | $16.4B | $17.8B | $16.8B |
| YoY | — | +9.8% | +7.1% | +8.5% | -5.8% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $17.6B | $18.6B | $21.3B | $22.1B | $25.6B |
| YoY | — | +5.3% | +14.7% | +3.6% | +16.1% |
| Shares outstanding | 277.6M | 274.4M | 273.6M | 270.3M | 270.4M |
| YoY | — | -1.2% | -0.3% | -1.2% | +0.0% |
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 | $4.3B | $4.6B | $4.7B | $4.1B | $5.1B |
| YoY | — | +7.2% | +2.9% | -12.7% | +24.5% |
| Capital expenditures | $887.0M | $1.1B | $904.0M | $916.0M | $1.2B |
| YoY | — | +25.6% | -18.9% | +1.3% | +26.7% |
| Free cash flow | $3.4B | $3.5B | $3.8B | $3.2B | $4.0B |
| YoY | — | +2.4% | +9.8% | -16.0% | +23.9% |
| Dividends paid | $1.3B | $1.4B | $1.4B | $1.5B | $1.6B |
| YoY | — | +4.1% | +4.3% | +7.1% | +4.2% |
| Share repurchases | $1.8B | $1.2B | $434.0M | $1.5B | $637.0M |
| YoY | — | -32.8% | -64.7% | +245.9% | -57.6% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 10.8% | 10.7% | 10.0% | 10.1% | 10.2% |
| Net margin | 8.5% | 8.6% | 7.8% | 7.9% | 8.0% |
| Free cash flow margin | 8.8% | 8.8% | 9.0% | 6.7% | 7.5% |
| Effective tax rate | 15.9% | 16.0% | 16.8% | 16.7% | 17.5% |
| Current ratio | 1.43x | 1.37x | 1.44x | 1.37x | 1.44x |
| 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 |
|---|---|---|---|---|---|---|
| GD FY25 · this stock | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| 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% | — |
| 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.