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 | $257.6B | — | $307.4B | $350.0B | $402.8B |
| YoY | — | — | — | +13.9% | +15.1% |
| Cost of goods sold | $110.9B | $126.2B | $133.3B | $146.3B | $162.5B |
| YoY | — | +13.8% | +5.6% | +9.7% | +11.1% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $31.6B | $39.5B | $45.4B | $49.3B | $61.1B |
| YoY | — | +25.2% | +15.0% | +8.6% | +23.8% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $78.7B | $74.8B | $84.3B | $112.4B | $129.0B |
| YoY | — | -4.9% | +12.6% | +33.3% | +14.8% |
| Pretax income | $90.7B | $71.3B | $85.7B | $119.8B | $158.8B |
| YoY | — | -21.4% | +20.2% | +39.8% | +32.6% |
| Income tax | $14.7B | $11.4B | $11.9B | $19.7B | $26.7B |
| YoY | — | -22.8% | +5.0% | +65.2% | +35.3% |
| Net income | $76.0B | $60.0B | $73.8B | $100.1B | $132.2B |
| YoY | — | -21.1% | +23.0% | +35.7% | +32.0% |
| EPS — basic | $5.69 | $4.59 | $5.84 | $8.13 | $10.91 |
| YoY | — | -19.3% | +27.2% | +39.2% | +34.2% |
| EPS — diluted | $5.61 | $4.56 | $5.80 | $8.04 | $10.81 |
| YoY | — | -18.7% | +27.2% | +38.6% | +34.5% |
| Weighted shares — basic | — | — | — | — | — |
| Weighted shares — diluted | — | — | — | — | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $20.9B | $21.9B | $24.0B | $23.5B | $30.7B |
| YoY | — | +4.5% | +9.9% | -2.4% | +30.9% |
| Marketable securities (current) | $118.7B | $91.9B | $86.9B | $72.2B | $96.1B |
| YoY | — | -22.6% | -5.5% | -16.9% | +33.2% |
| Accounts receivable | $39.3B | $40.3B | $48.0B | $52.3B | $62.9B |
| YoY | — | +2.4% | +19.1% | +9.1% | +20.1% |
| Inventory | $1.2B | $2.7B | — | — | $2.4B |
| YoY | — | +128.2% | — | — | — |
| Total current assets | $188.1B | $164.8B | $171.5B | $163.7B | $206.0B |
| YoY | — | -12.4% | +4.1% | -4.6% | +25.9% |
| Total assets | $359.3B | $365.3B | $402.4B | $450.3B | $595.3B |
| YoY | — | +1.7% | +10.2% | +11.9% | +32.2% |
| Total current liabilities | $64.3B | $69.3B | $81.8B | $89.1B | $102.7B |
| YoY | — | +7.9% | +18.1% | +8.9% | +15.3% |
| Total liabilities | $107.6B | $109.1B | $119.0B | $125.2B | $180.0B |
| YoY | — | +1.4% | +9.1% | +5.2% | +43.8% |
| Total equity | $251.6B | $256.1B | $283.4B | $325.1B | $415.3B |
| YoY | — | +1.8% | +10.6% | +14.7% | +27.7% |
| Shares outstanding | 13.24B | 12.85B | 12.46B | 12.21B | 12.09B |
| YoY | — | -3.0% | -3.0% | -2.0% | -1.0% |
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 | $91.7B | $91.5B | $101.7B | $125.3B | $164.7B |
| YoY | — | -0.2% | +11.2% | +23.1% | +31.5% |
| Capital expenditures | $24.6B | $31.5B | $32.3B | $52.5B | $91.4B |
| YoY | — | +27.8% | +2.4% | +62.9% | +74.1% |
| Free cash flow | $67.0B | $60.0B | $69.5B | $72.8B | $73.3B |
| YoY | — | -10.4% | +15.8% | +4.7% | +0.7% |
| Dividends paid | — | $0 | $0 | $7.4B | $10.0B |
| YoY | — | — | — | — | +36.5% |
| Share repurchases | $50.3B | $59.3B | $61.5B | $62.2B | $45.7B |
| YoY | — | +17.9% | +3.7% | +1.2% | -26.5% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 30.6% | — | 27.4% | 32.1% | 32.0% |
| Net margin | 29.5% | — | 24.0% | 28.6% | 32.8% |
| Free cash flow margin | 26.0% | — | 22.6% | 20.8% | 18.2% |
| Effective tax rate | 16.2% | 15.9% | 13.9% | 16.4% | 16.8% |
| Current ratio | 2.93x | 2.38x | 2.10x | 1.84x | 2.01x |
| Total liabilities / equity | 0.43x | 0.43x | 0.42x | 0.39x | 0.43x |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| GOOGL FY25 · this stock | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
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.