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 | $9.2B | $8.9B | $9.3B | $4.9B | $9.8B | $9.1B | $9.7B | $5.0B |
| YoY | — | — | — | — | +6.4% | +2.4% | +4.3% | +1.3% |
| Cost of goods sold | $3.9B | $5.5B | $5.7B | $3.2B | $14.7B | $5.6B | $6.1B | $3.0B |
| YoY | — | — | — | — | +272.5% | +2.6% | +7.2% | -5.7% |
| Gross profit | $3.4B | $3.5B | $3.7B | $3.2B | $3.5B | — | — | — |
| YoY | — | — | — | — | +3.1% | — | — | — |
| Research & development | $344.0M | $416.0M | $459.0M | $268.0M | $1.0B | $492.0M | $524.0M | $239.0M |
| YoY | — | — | — | — | +201.7% | +18.3% | +14.2% | -10.8% |
| Selling, general & administrative | $1.2B | $1.3B | $1.4B | $1.1B | $2.1B | $1.3B | $1.3B | $1.0B |
| YoY | — | — | — | — | +77.0% | +0.0% | -1.3% | -4.9% |
| Operating income | — | $2.0B | $2.1B | $866.0M | — | $2.1B | $2.2B | $1.1B |
| YoY | — | — | — | — | — | +6.3% | +5.3% | +22.6% |
| Pretax income | $575.0M | $1.7B | $1.6B | $1.1B | $3.5B | $886.0M | $7.3B | $839.0M |
| YoY | — | — | — | — | +500.5% | -46.8% | +346.5% | -24.2% |
| Income tax | $30.0M | $369.0M | $244.0M | $153.0M | $581.0M | $91.0M | $1.6B | $60.0M |
| YoY | — | — | — | — | +1836.7% | -75.3% | +546.7% | -60.8% |
| Net income | $1.3B | $1.4B | $1.6B | $1.8B | $-115.0M | $821.0M | $5.7B | $664.0M |
| YoY | — | — | — | — | -108.9% | -43.3% | +261.9% | -63.6% |
| EPS — basic | $1.98 | $2.24 | $4.92 | $5.74 | $-0.18 | $1.29 | $17.92 | $2.09 |
| YoY | — | — | — | — | -109.1% | -42.4% | +264.2% | -63.6% |
| EPS — diluted | $1.96 | $2.22 | $4.90 | $5.71 | $-0.18 | $1.29 | $17.83 | $2.08 |
| YoY | — | — | — | — | -109.2% | -41.9% | +263.9% | -63.6% |
| Weighted shares — basic | — | 648.2M | 318.8M | 317.7M | — | 634.7M | 317.1M | 317.5M |
| Weighted shares — diluted | — | 651.7M | 320.5M | 319.4M | — | 638.4M | 318.6M | 319.2M |
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 | $9.9B | $9.7B | $10.3B | $12.9B | $12.3B | $12.0B | $8.8B | $5.7B |
| YoY | — | — | — | — | +23.9% | +24.0% | -15.4% | -56.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $7.2B | $8.3B | $8.8B | $8.9B | $4.4B | $8.1B | $8.3B | $5.1B |
| YoY | — | — | — | — | -38.9% | -2.3% | -5.5% | -43.0% |
| Inventory | $5.9B | $6.6B | $7.0B | $7.1B | $1.7B | $6.4B | $6.4B | $2.1B |
| YoY | — | — | — | — | -71.5% | -3.7% | -8.7% | -71.1% |
| Total current assets | $27.9B | $27.6B | $28.0B | $30.7B | $30.4B | $30.6B | $28.1B | $14.3B |
| YoY | — | — | — | — | +8.9% | +10.7% | +0.4% | -53.4% |
| Total assets | $75.2B | $75.2B | $78.4B | $80.9B | $73.7B | $74.0B | $77.3B | $53.1B |
| YoY | — | — | — | — | -2.0% | -1.6% | -1.4% | -34.4% |
| Total current liabilities | $21.3B | $22.1B | $21.6B | $22.6B | $23.4B | $22.1B | $23.2B | $14.9B |
| YoY | — | — | — | — | +10.2% | +0.1% | +7.3% | -34.1% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $18.6B | $17.5B | $16.1B | $16.8B | $13.9B | $13.6B | $18.5B | $22.4B |
| YoY | — | — | — | — | -25.3% | -22.2% | +15.2% | +33.6% |
| Shares outstanding | 649.8M | 642.7M | 317.5M | 317.5M | 635.3M | 633.7M | 316.9M | 317.4M |
| YoY | — | — | — | — | -2.2% | -1.4% | -0.2% | -0.0% |
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 | $2.3B | $597.0M | $1.3B | $3.3B | $1.2B | $-650.0M | $1.3B | $117.0M |
| YoY | — | — | — | — | -47.2% | -208.9% | -3.3% | -96.4% |
| Capital expenditures | $100.0M | $190.0M | $226.0M | $-41.0M | $611.0M | $223.0M | $315.0M | $-169.0M |
| YoY | — | — | — | — | +511.0% | +17.4% | +39.4% | -312.2% |
| Free cash flow | $2.2B | $407.0M | $1.1B | $3.2B | $593.0M | $-873.0M | $961.0M | $-52.0M |
| YoY | — | — | — | — | -72.8% | -314.5% | -12.1% | -101.6% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $455.0M | $1.9B | $1.7B | $100.0M | $100.0M | $1.0B | $0 | $0 |
| YoY | — | — | — | — | -78.0% | -47.4% | -100.0% | -100.0% |
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 | 36.7% | 38.8% | 39.3% | 65.6% | 35.6% | — | — | — |
| Operating margin | — | 22.4% | 22.8% | 17.6% | — | 23.3% | 23.0% | 21.3% |
| Net margin | 14.0% | 16.2% | 16.8% | 37.0% | -1.2% | 9.0% | 58.5% | 13.3% |
| Free cash flow margin | 23.8% | 4.6% | 11.7% | 65.9% | 6.1% | -9.5% | 9.9% | -1.0% |
| Effective tax rate | 5.2% | 22.2% | 15.0% | 13.8% | 16.8% | 10.3% | 21.7% | 7.2% |
| Current ratio | 1.31x | 1.25x | 1.29x | 1.36x | 1.30x | 1.39x | 1.21x | 0.96x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| HON FY25 · this stock | $37.4B | +7.8% | — | — | 12.6% | 14.5% |
| 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% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
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.