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.
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 | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $932.0M | $431.0M | $727.0M | $356.0M | $746.0M | $679.0M | $778.0M | $624.0M |
| YoY | — | — | — | — | -20.0% | +57.5% | +7.0% | +75.3% |
| Pretax income | $793.0M | $306.0M | $611.0M | $219.0M | $635.0M | $569.0M | $664.0M | $513.0M |
| YoY | — | — | — | — | -19.9% | +85.9% | +8.7% | +134.2% |
| Income tax | $179.0M | $103.0M | $131.0M | $199.0M | $46.0M | $105.0M | $126.0M | $94.0M |
| YoY | — | — | — | — | -74.3% | +1.9% | -3.8% | -52.8% |
| Net income | $615.0M | $204.0M | $472.0M | $18.0M | $589.0M | $461.0M | $534.0M | $417.0M |
| YoY | — | — | — | — | -4.2% | +126.0% | +13.1% | +2216.7% |
| EPS — basic | — | $0.24 | $0.55 | $0.02 | — | $0.55 | $0.64 | $0.50 |
| YoY | — | — | — | — | — | +129.2% | +16.4% | +2400.0% |
| EPS — diluted | — | $0.24 | $0.55 | $0.02 | — | $0.55 | $0.64 | $0.50 |
| YoY | — | — | — | — | — | +129.2% | +16.4% | +2400.0% |
| Weighted shares — basic | — | 866.0M | 857.0M | 849.0M | — | 837.0M | 836.0M | 831.0M |
| Weighted shares — diluted | — | 866.0M | 857.0M | 850.0M | — | 839.0M | 838.0M | 832.0M |
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 | $2.6B | — | — | $2.0B | $2.2B | $2.0B | $2.0B | $1.8B |
| YoY | — | — | — | — | -15.7% | — | — | -9.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $5.1B | $5.2B | $5.0B | $5.2B | $4.9B | $5.2B | $5.3B | $5.5B |
| YoY | — | — | — | — | -3.4% | -0.1% | +7.1% | +6.9% |
| Inventory | $3.0B | $3.0B | $3.1B | $3.1B | $3.0B | $3.0B | $3.1B | $3.3B |
| YoY | — | — | — | — | -2.1% | -0.8% | -0.5% | +5.5% |
| Total current assets | $12.4B | $11.5B | $11.7B | $11.6B | $11.4B | $11.5B | $11.9B | $12.1B |
| YoY | — | — | — | — | -7.9% | +0.1% | +1.8% | +4.3% |
| Total assets | $25.6B | $25.2B | $25.4B | $25.2B | $25.0B | $25.1B | $25.8B | $26.1B |
| YoY | — | — | — | — | -2.3% | -0.1% | +1.8% | +3.6% |
| Total current liabilities | $6.0B | $5.8B | $5.8B | $6.0B | $5.6B | $5.5B | $5.9B | $6.0B |
| YoY | — | — | — | — | -7.6% | -4.9% | +0.7% | +1.0% |
| Total liabilities | $15.0B | $14.8B | $14.8B | $14.9B | $14.5B | $14.3B | $14.8B | $14.9B |
| YoY | — | — | — | — | -3.6% | -3.1% | -0.4% | -0.0% |
| Total equity | $10.5B | $10.4B | $10.5B | $10.2B | $10.5B | $10.8B | $11.0B | $11.1B |
| YoY | — | — | — | — | -0.4% | +4.0% | +4.8% | +9.0% |
| Shares outstanding | 868.0M | — | — | — | 835.0M | — | — | — |
| YoY | — | — | — | — | -3.8% | — | — | — |
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 | $1.5B | $377.0M | $896.0M | $488.0M | $1.2B | $273.0M | $824.0M | $368.0M |
| YoY | — | — | — | — | -20.0% | -27.6% | -8.0% | -24.6% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $309.0M | $250.0M | $257.0M | $250.0M | $250.0M | $100.0M | $208.0M | $250.0M |
| YoY | — | — | — | — | -19.1% | -60.0% | -19.1% | +0.0% |
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 | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 22.6% | 33.7% | 21.4% | 90.9% | 7.2% | 18.5% | 19.0% | 18.3% |
| Current ratio | 2.05x | 1.98x | 2.00x | 1.95x | 2.04x | 2.08x | 2.02x | 2.02x |
| Total liabilities / equity | 1.43x | 1.42x | 1.41x | 1.46x | 1.39x | 1.33x | 1.34x | 1.34x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| HAL FY25 · this stock | — | — | — | — | — | — |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
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.