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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $9.9B | $11.0B | $12.2B | $12.7B | $12.4B | $13.3B | $14.1B |
| YoY | — | — | — | — | +17.6% | +24.7% | +21.1% | +15.9% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $385.0M | $359.0M | $359.0M | $415.0M | $448.0M | $440.0M | $460.0M | $458.0M |
| YoY | — | — | — | — | +16.4% | +22.6% | +28.1% | +10.4% |
| Selling, general & administrative | $1.2B | $876.0M | $1.0B | $1.2B | $997.0M | $1.1B | $1.1B | $1.1B |
| YoY | — | — | — | — | -13.8% | +23.7% | +10.9% | -6.8% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $2.3B | $2.2B | $2.4B | $2.5B | $2.9B | $2.2B | $2.8B | $2.8B |
| YoY | — | — | — | — | +24.3% | -2.1% | +17.2% | +11.5% |
| Income tax | $395.0M | $283.0M | $388.0M | $344.0M | $390.0M | $252.0M | $407.0M | $385.0M |
| YoY | — | — | — | — | -1.3% | -11.0% | +4.9% | +11.9% |
| Net income | $1.9B | $2.0B | $2.0B | $2.2B | $2.5B | $1.9B | $2.4B | $2.3B |
| YoY | — | — | — | — | +33.8% | -3.7% | +16.9% | +6.1% |
| EPS — basic | $1.76 | $1.85 | $1.91 | $2.04 | — | $1.82 | $2.28 | $2.21 |
| YoY | — | — | — | — | — | -1.6% | +19.4% | +8.3% |
| EPS — diluted | $1.75 | $1.83 | $1.89 | $2.02 | — | $1.81 | $2.26 | $2.20 |
| YoY | — | — | — | — | — | -1.1% | +19.6% | +8.9% |
| Weighted shares — basic | — | 1.07B | 1.06B | 1.06B | — | 1.05B | 1.04B | 1.03B |
| Weighted shares — diluted | — | 1.08B | 1.07B | 1.06B | — | 1.05B | 1.05B | 1.04B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $9.3B | $9.7B | $10.5B | $10.7B | $11.8B | $12.5B | $12.4B | $14.0B |
| YoY | — | — | — | — | +26.2% | +29.1% | +17.6% | +31.4% |
| Inventory | $9.8B | $10.5B | $11.3B | $11.7B | $11.9B | $12.4B | $12.4B | $12.7B |
| YoY | — | — | — | — | +21.6% | +17.7% | +10.1% | +9.2% |
| Total current assets | $37.6B | $37.6B | $37.8B | $40.1B | $40.6B | $40.4B | $39.7B | $41.5B |
| YoY | — | — | — | — | +7.9% | +7.4% | +5.0% | +3.6% |
| Total assets | $123.1B | $124.1B | $125.3B | $128.2B | $130.2B | $128.4B | $127.7B | $127.2B |
| YoY | — | — | — | — | +5.7% | +3.5% | +1.9% | -0.8% |
| Total current liabilities | $34.4B | $34.9B | $36.5B | $37.2B | $39.0B | $40.0B | $40.4B | $42.4B |
| YoY | — | — | — | — | +13.3% | +14.6% | +10.9% | +14.0% |
| Total liabilities | $103.6B | $104.7B | $105.9B | $109.2B | $111.3B | $110.1B | $109.8B | $109.4B |
| YoY | — | — | — | — | +7.4% | +5.2% | +3.7% | +0.2% |
| Total equity | $19.3B | $19.3B | $19.1B | $18.8B | $18.7B | $18.1B | $17.6B | $17.5B |
| YoY | — | — | — | — | -3.4% | -6.2% | -7.8% | -6.9% |
| Shares outstanding | 1.07B | 1.07B | 1.06B | 1.05B | 1.05B | 1.04B | 1.04B | 1.03B |
| YoY | — | — | — | — | -2.3% | -2.2% | -2.2% | -2.0% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $1.5B | $2.2B | $2.5B | $2.3B | $1.8B | $3.2B | $2.2B |
| YoY | — | — | — | — | +75.9% | +20.8% | +42.3% | -14.0% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.7B | $2.0B | $1.7B | $1.8B | $2.0B | $2.4B | $2.1B | $2.0B |
| YoY | — | — | — | — | +19.7% | +22.1% | +21.9% | +7.3% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 17.6% | 19.9% | 18.4% | 17.7% | 20.0% | 15.4% | 17.8% | 16.2% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 17.2% | 12.6% | 16.2% | 13.7% | 13.7% | 11.5% | 14.5% | 13.7% |
| Current ratio | 1.09x | 1.08x | 1.04x | 1.08x | 1.04x | 1.01x | 0.98x | 0.98x |
| Total liabilities / equity | 5.35x | 5.44x | 5.53x | 5.81x | 5.96x | 6.10x | 6.22x | 6.25x |
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 |
|---|---|---|---|---|---|---|
| GE FY25 · this stock | $45.9B | +18.5% | — | — | 19.0% | — |
| 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% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| 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.