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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $321.0M | $345.0M | $408.0M | $426.0M | $411.0M |
| YoY | — | +7.5% | +18.3% | +4.4% | -3.5% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.8B | $2.7B | $4.1B | $3.8B | $2.3B |
| YoY | — | +50.4% | +50.8% | -6.4% | -40.9% |
| Pretax income | $1.3B | $2.1B | $3.4B | $3.2B | $1.8B |
| YoY | — | +68.5% | +59.4% | -3.8% | -45.2% |
| Income tax | $-216.0M | $515.0M | $701.0M | $718.0M | $479.0M |
| YoY | — | +338.4% | +36.1% | +2.4% | -33.3% |
| Net income | $1.5B | $1.6B | $2.6B | $2.5B | $1.3B |
| YoY | — | +7.9% | +67.8% | -5.2% | -48.7% |
| EPS — basic | — | — | — | — | — |
| YoY | — | — | — | — | — |
| EPS — diluted | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Weighted shares — basic | 892.0M | 904.0M | 899.0M | 882.0M | 853.0M |
| Weighted shares — diluted | 892.0M | 908.0M | 902.0M | 883.0M | 853.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $3.0B | $2.3B | $2.3B | $2.6B | $2.2B |
| YoY | — | -22.9% | -3.5% | +15.6% | -15.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $3.7B | $4.6B | $4.9B | $5.1B | $4.9B |
| YoY | — | +26.2% | +5.0% | +5.3% | -3.4% |
| Inventory | $2.4B | $2.9B | $3.2B | $3.0B | $3.0B |
| YoY | — | +23.8% | +10.4% | -5.8% | -2.1% |
| Total current assets | $9.9B | $11.0B | $11.5B | $12.4B | $11.4B |
| YoY | — | +10.1% | +5.4% | +7.3% | -7.9% |
| Total assets | $22.3B | $23.3B | $24.7B | $25.6B | $25.0B |
| YoY | — | +4.2% | +6.1% | +3.7% | -2.3% |
| Total current liabilities | $4.3B | $5.3B | $5.6B | $6.0B | $5.6B |
| YoY | — | +24.1% | +4.9% | +7.9% | -7.6% |
| Total liabilities | $15.6B | $15.3B | $15.2B | $15.0B | $14.5B |
| YoY | — | -2.0% | -0.2% | -1.4% | -3.6% |
| Total equity | $6.7B | $7.9B | $9.4B | $10.5B | $10.5B |
| YoY | — | +18.4% | +18.2% | +11.9% | -0.4% |
| Shares outstanding | 896.0M | 902.0M | 889.0M | 868.0M | 835.0M |
| YoY | — | +0.7% | -1.4% | -2.4% | -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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.9B | $2.2B | $3.5B | $3.9B | $2.9B |
| YoY | — | +17.3% | +54.2% | +11.8% | -24.3% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $250.0M | $800.0M | $1.0B | $1.0B |
| YoY | — | — | +220.0% | +25.6% | +0.2% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | -17.3% | 24.4% | 20.8% | 22.2% | 27.0% |
| Current ratio | 2.31x | 2.05x | 2.06x | 2.05x | 2.04x |
| Total liabilities / equity | 2.32x | 1.92x | 1.62x | 1.43x | 1.39x |
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.