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 | $59.3B | $47.4B | $46.3B | $53.5B | $58.3B |
| YoY | — | -20.2% | -2.3% | +15.7% | +8.9% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $27.0B | $13.5B | $10.7B | $18.4B | $21.9B |
| YoY | — | -50.1% | -20.4% | +71.3% | +18.8% |
| Income tax | $5.4B | $2.2B | $2.2B | $4.1B | $4.7B |
| YoY | — | -58.9% | -0.1% | +85.4% | +13.5% |
| Net income | $21.6B | $11.3B | $8.5B | $14.3B | $17.2B |
| YoY | — | -48.0% | -24.4% | +67.6% | +20.3% |
| EPS — basic | $60.25 | $30.42 | $23.05 | $41.07 | $51.95 |
| YoY | — | -49.5% | -24.2% | +78.2% | +26.5% |
| EPS — diluted | $59.45 | $30.06 | $22.87 | $40.54 | $51.32 |
| YoY | — | -49.4% | -23.9% | +77.3% | +26.6% |
| Weighted shares — basic | 350.5M | 352.1M | 340.8M | 328.1M | 312.7M |
| Weighted shares — diluted | 355.8M | 358.1M | 345.8M | 333.6M | 317.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $261.0B | $241.8B | $241.6B | $182.1B | $164.3B |
| YoY | — | -7.4% | -0.1% | -24.6% | -9.8% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total assets | $1,464.0B | $1,441.8B | $1,641.6B | $1,676.0B | $1,809.3B |
| YoY | — | -1.5% | +13.9% | +2.1% | +8.0% |
| Total current liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total liabilities | $1,354.1B | $1,324.6B | $1,524.7B | $1,554.0B | $1,684.3B |
| YoY | — | -2.2% | +15.1% | +1.9% | +8.4% |
| Total equity | $109.9B | $117.2B | $116.9B | $122.0B | $125.0B |
| YoY | — | +6.6% | -0.2% | +4.4% | +2.4% |
| Shares outstanding | 333.6M | 334.9M | 323.4M | 310.7M | 296.5M |
| YoY | — | +0.4% | -3.4% | -3.9% | -4.6% |
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 | $6.3B | $8.7B | $-12.6B | $-13.2B | $-45.2B |
| YoY | — | +38.3% | -244.5% | -5.0% | -241.8% |
| Capital expenditures | $4.7B | $3.7B | $2.3B | $2.1B | $2.1B |
| YoY | — | -19.7% | -38.2% | -9.7% | -1.3% |
| Free cash flow | $1.6B | $5.0B | $-14.9B | $-15.3B | $-47.2B |
| YoY | — | +204.1% | -400.5% | -2.7% | -208.6% |
| Dividends paid | $2.7B | $3.7B | $4.2B | $4.5B | $5.3B |
| YoY | — | +35.1% | +13.8% | +7.4% | +17.3% |
| Share repurchases | $5.2B | $3.5B | $5.8B | $8.0B | $12.4B |
| YoY | — | -32.7% | +65.6% | +38.0% | +54.5% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 36.5% | 23.8% | 18.4% | 26.7% | 29.5% |
| Free cash flow margin | 2.7% | 10.5% | -32.2% | -28.6% | -81.0% |
| Effective tax rate | 20.0% | 16.5% | 20.7% | 22.4% | 21.4% |
| Current ratio | — | — | — | — | — |
| Total liabilities / equity | 12.32x | 11.30x | 13.04x | 12.74x | 13.48x |
Peer comparison — latest full year
Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| GS FY25 · this stock | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| BAC FY25 | $113.1B | +6.8% | — | — | 27.0% | — |
| PGR FY25 | $87.7B | +16.3% | — | — | 12.9% | 19.6% |
| C FY25 | $85.2B | +5.6% | — | — | 16.8% | -87.0% |
| WFC FY25 | $83.7B | +1.7% | — | — | 25.5% | — |
| MS FY25 | $70.6B | +14.4% | — | — | 23.9% | — |
| CB FY25 | $59.4B | +6.5% | — | — | 17.4% | — |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
| USB FY25 | $28.7B | +4.4% | — | — | 26.4% | — |
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.