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 | $9.0B | $10.4B | $11.2B | $11.2B | $11.7B |
| YoY | — | +16.1% | +7.2% | +0.3% | +4.4% |
| Cost of goods sold | $4.9B | $5.9B | $6.2B | $5.9B | $7.8B |
| YoY | — | +20.3% | +4.2% | -4.3% | +31.7% |
| Gross profit | $4.0B | $4.5B | $5.0B | $5.3B | $3.9B |
| YoY | — | +11.1% | +11.1% | +6.1% | -26.0% |
| Research & development | $40.1M | $46.9M | $50.0M | $55.8M | $61.7M |
| YoY | — | +17.0% | +6.6% | +11.6% | +10.6% |
| Selling, general & administrative | $2.0B | $2.2B | $2.4B | $2.4B | $2.5B |
| YoY | — | +11.7% | +9.0% | -2.6% | +3.7% |
| Operating income | $2.0B | $2.3B | $2.6B | $2.9B | $1.4B |
| YoY | — | +10.6% | +13.3% | +13.2% | -50.3% |
| Pretax income | $1.8B | $1.9B | $2.2B | $2.5B | $1.2B |
| YoY | — | +6.7% | +13.3% | +13.9% | -50.9% |
| Income tax | $314.4M | $272.3M | $310.1M | $252.7M | $330.9M |
| YoY | — | -13.4% | +13.9% | -18.5% | +30.9% |
| Net income | $1.5B | $1.6B | $1.9B | $2.2B | $883.3M |
| YoY | — | +11.3% | +13.2% | +19.3% | -60.2% |
| EPS — basic | — | — | — | — | — |
| YoY | — | — | — | — | — |
| EPS — diluted | — | — | — | — | — |
| YoY | — | — | — | — | — |
| 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 | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $671.5M | $711.2M | $823.6M | $800.4M | $729.5M |
| YoY | — | +5.9% | +15.8% | -2.8% | -8.9% |
| Inventory | $988.5M | $1.2B | $1.3B | $1.3B | $1.4B |
| YoY | — | +18.7% | +14.3% | -6.5% | +14.0% |
| Total current assets | $2.2B | $2.6B | $2.9B | $3.8B | $3.6B |
| YoY | — | +16.7% | +11.1% | +29.1% | -4.5% |
| Total assets | $10.4B | $10.9B | $11.9B | $12.9B | $13.7B |
| YoY | — | +5.2% | +8.7% | +8.8% | +6.1% |
| Total current liabilities | $2.5B | $3.3B | $3.0B | $3.9B | $3.0B |
| YoY | — | +30.6% | -7.6% | +30.6% | -23.4% |
| Total liabilities | $7.7B | $7.6B | $7.8B | $8.2B | $9.1B |
| YoY | — | -0.1% | +2.0% | +5.5% | +10.6% |
| Total equity | $2.8B | $3.3B | $4.1B | $4.7B | $4.6B |
| YoY | — | +19.7% | +24.2% | +15.0% | -1.7% |
| Shares outstanding | 206.1M | 205.0M | 204.4M | 202.4M | 202.8M |
| YoY | — | -0.5% | -0.3% | -1.0% | +0.2% |
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 | $2.1B | $2.3B | $2.3B | $2.5B | $2.3B |
| YoY | — | +11.8% | -0.2% | +9.0% | -10.0% |
| Capital expenditures | $495.9M | $519.5M | $771.1M | $605.9M | $454.6M |
| YoY | — | +4.8% | +48.4% | -21.4% | -25.0% |
| Free cash flow | $1.6B | $1.8B | $1.6B | $1.9B | $1.8B |
| YoY | — | +13.9% | -14.2% | +24.1% | -5.3% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $457.9M | $389.0M | $264.9M | $494.2M | $0 |
| YoY | — | -15.0% | -31.9% | +86.6% | -100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 45.1% | 43.2% | 44.8% | 47.3% | 33.5% |
| Operating margin | 22.8% | 21.7% | 22.9% | 25.9% | 12.3% |
| Net margin | 16.5% | 15.8% | 16.7% | 19.8% | 7.6% |
| Free cash flow margin | 17.7% | 17.4% | 13.9% | 17.2% | 15.6% |
| Effective tax rate | 17.5% | 14.2% | 14.3% | 10.2% | 27.3% |
| Current ratio | 0.90x | 0.80x | 0.97x | 0.96x | 1.19x |
| Total liabilities / equity | 2.78x | 2.32x | 1.90x | 1.75x | 1.96x |
Peer comparison — latest full year
Same sector (Consumer Staples), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| HSY FY25 · this stock | $11.7B | +4.4% | 33.5% | 12.3% | 7.6% | 15.6% |
| WMT FY26 | $713.2B | +4.7% | — | 4.2% | 3.1% | 2.1% |
| COST FY26 | $303.2B | +10.1% | — | 3.9% | 3.0% | 3.1% |
| KR FY26 | $147.6B | +0.4% | — | 1.3% | 0.7% | — |
| PEP FY25 | $93.9B | +2.3% | 54.1% | 12.2% | 8.8% | — |
| PG FY26 | $87.0B | +3.3% | — | 22.7% | 18.4% | 17.4% |
| SYY FY26 | $84.6B | +3.9% | 18.5% | 3.7% | 2.1% | — |
| ADM FY25 | $80.3B | -6.2% | 6.3% | — | 1.3% | 5.2% |
| TSN FY25 | $54.4B | +2.1% | 6.5% | 2.0% | 0.9% | 2.2% |
| KO FY25 | $47.9B | +1.9% | 61.6% | 28.7% | 27.3% | 11.0% |
| PM FY25 | $40.6B | +7.3% | 67.1% | 36.6% | 27.9% | 26.2% |
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.