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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0B | $11.7B | $13.3B | $12.2B | $13.0B | $12.9B | $14.4B | $13.5B |
| YoY | — | — | — | — | +8.9% | +10.6% | +7.8% | +10.3% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.2B | $1.2B | $1.4B | $1.3B | $1.3B | $1.3B | $1.5B | $1.4B |
| YoY | — | — | — | — | +12.9% | +12.7% | +2.0% | +12.0% |
| Pretax income | $1.1B | $1.1B | $1.4B | $1.2B | $1.2B | $1.3B | $1.4B | $1.4B |
| YoY | — | — | — | — | +13.0% | +14.2% | +2.3% | +14.1% |
| Income tax | $185.0M | $184.0M | $220.0M | $206.0M | $218.0M | $213.0M | $256.0M | $244.0M |
| YoY | — | — | — | — | +17.8% | +15.8% | +16.4% | +18.4% |
| Net income | $905.0M | $930.0M | $1.1B | $994.0M | $1.0B | $1.1B | $1.1B | $1.1B |
| YoY | — | — | — | — | +12.0% | +13.9% | -0.4% | +13.2% |
| EPS — basic | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — diluted | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Weighted shares — basic | 274.1M | 274.4M | — | 269.0M | 268.1M | 269.2M | — | 270.2M |
| Weighted shares — diluted | 277.7M | 277.9M | — | 271.7M | 270.9M | 272.6M | — | 274.1M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.4B | $2.1B | $1.7B | $1.2B | $1.5B | $2.5B | $2.3B | $3.7B |
| YoY | — | — | — | — | +11.8% | +19.9% | +37.5% | +194.2% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $3.2B | $3.2B | $3.0B | $3.3B | $3.6B | $3.3B | $2.4B | $2.3B |
| YoY | — | — | — | — | +14.6% | +4.4% | -19.2% | -31.6% |
| Inventory | $9.7B | $10.1B | $9.7B | $9.8B | $9.9B | $9.8B | $9.2B | $9.2B |
| YoY | — | — | — | — | +2.1% | -3.2% | -5.1% | -6.5% |
| Total current assets | $24.3B | $25.7B | $24.4B | $25.1B | $25.1B | $25.9B | $24.2B | $26.1B |
| YoY | — | — | — | — | +3.1% | +0.4% | -0.6% | +3.7% |
| Total assets | $55.9B | $55.9B | $55.9B | $57.2B | $56.9B | $57.6B | $57.2B | $59.0B |
| YoY | — | — | — | — | +1.8% | +3.1% | +2.4% | +3.1% |
| Total current liabilities | $18.3B | $19.6B | $17.8B | $18.8B | $18.4B | $18.5B | $16.8B | $18.8B |
| YoY | — | — | — | — | +0.7% | -5.6% | -5.8% | +0.3% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $22.0B | $23.0B | $22.1B | $22.2B | $23.6B | $24.4B | $25.6B | $26.1B |
| YoY | — | — | — | — | +7.0% | +6.4% | +16.1% | +17.3% |
| Shares outstanding | — | — | 270.3M | — | — | — | 270.4M | — |
| YoY | — | — | — | — | — | — | +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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $814.0M | $1.4B | $2.2B | $-148.0M | $1.6B | $2.1B | $1.6B | $2.2B |
| YoY | — | — | — | — | +96.3% | +48.9% | -27.7% | +1556.1% |
| Capital expenditures | $201.0M | $201.0M | $355.0M | $142.0M | $198.0M | $212.0M | $609.0M | $203.0M |
| YoY | — | — | — | — | -1.5% | +5.5% | +71.5% | +43.0% |
| Free cash flow | $613.0M | $1.2B | $1.8B | $-290.0M | $1.4B | $1.9B | $952.0M | $2.0B |
| YoY | — | — | — | — | +128.4% | +56.1% | -47.3% | +773.1% |
| Dividends paid | $389.0M | $390.0M | $389.0M | $383.0M | $402.0M | $403.0M | $405.0M | $405.0M |
| YoY | — | — | — | — | +3.3% | +3.3% | +4.1% | +5.7% |
| Share repurchases | $34.0M | $44.0M | $1.3B | $600.0M | $0 | $0 | $37.0M | $217.0M |
| YoY | — | — | — | — | -100.0% | -100.0% | -97.2% | -63.8% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 9.7% | 10.1% | 10.7% | 10.4% | 10.0% | 10.3% | 10.1% | 10.5% |
| Net margin | 7.6% | 8.0% | 8.6% | 8.1% | 7.8% | 8.2% | 7.9% | 8.3% |
| Free cash flow margin | 5.1% | 10.4% | 13.5% | -2.4% | 10.7% | 14.7% | 6.6% | 14.5% |
| Effective tax rate | 17.0% | 16.5% | 16.1% | 17.2% | 17.7% | 16.7% | 18.3% | 17.8% |
| Current ratio | 1.33x | 1.32x | 1.37x | 1.34x | 1.36x | 1.40x | 1.44x | 1.38x |
| 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.