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 | $57.4B | $60.5B | $61.9B | $62.8B | $67.5B |
| YoY | — | +5.5% | +2.2% | +1.4% | +7.6% |
| Cost of goods sold | $25.9B | $27.8B | $27.6B | $27.2B | $28.2B |
| YoY | — | +7.6% | -1.0% | -1.3% | +3.8% |
| Gross profit | $31.5B | $32.7B | $34.3B | $35.6B | $39.3B |
| YoY | — | +3.8% | +4.9% | +3.6% | +10.5% |
| Research & development | $6.5B | $6.6B | $6.8B | $7.5B | $8.3B |
| YoY | — | +1.2% | +3.2% | +10.4% | +11.2% |
| Selling, general & administrative | $18.7B | $18.6B | $19.0B | $19.7B | $20.1B |
| YoY | — | -0.7% | +2.1% | +3.6% | +2.2% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $4.8B | $1.2B | $8.7B | $5.8B | $10.3B |
| YoY | — | -76.1% | +651.7% | -33.3% | +78.2% |
| Income tax | $124.0M | $-626.0M | $1.2B | $-218.0M | $-242.0M |
| YoY | — | -604.8% | +287.9% | -118.5% | -11.0% |
| Net income | $5.7B | $1.6B | $7.5B | $6.0B | $10.6B |
| YoY | — | -71.5% | +357.7% | -19.7% | +75.9% |
| EPS — basic | $6.41 | $1.82 | $8.23 | $6.53 | $11.36 |
| YoY | — | -71.6% | +352.2% | -20.7% | +74.0% |
| EPS — diluted | $6.35 | $1.80 | $8.14 | $6.43 | $11.17 |
| YoY | — | -71.7% | +352.2% | -21.0% | +73.7% |
| Weighted shares — basic | 896.0M | 902.7M | 911.2M | 921.8M | 932.3M |
| Weighted shares — diluted | 904.6M | 912.3M | 922.1M | 937.2M | 948.7M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $6.7B | $7.9B | $13.1B | $13.9B | $13.6B |
| YoY | — | +18.6% | +65.7% | +6.7% | -2.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $6.8B | $6.5B | $7.2B | $6.8B | $8.1B |
| YoY | — | -3.2% | +10.3% | -5.7% | +19.2% |
| Inventory | $1.6B | $1.6B | $1.2B | $1.3B | $1.2B |
| YoY | — | -5.9% | -25.2% | +11.0% | -5.4% |
| Total current assets | $29.5B | $29.1B | $32.9B | $34.5B | $36.9B |
| YoY | — | -1.4% | +13.0% | +4.8% | +7.1% |
| Total assets | $132.0B | $127.2B | $135.2B | $137.2B | $151.9B |
| YoY | — | -3.6% | +6.3% | +1.4% | +10.7% |
| Total current liabilities | $33.6B | $31.5B | $34.1B | $33.1B | $38.7B |
| YoY | — | -6.3% | +8.3% | -2.9% | +16.6% |
| Total liabilities | $113.0B | $105.2B | $112.6B | $109.8B | $119.1B |
| YoY | — | -6.9% | +7.0% | -2.5% | +8.5% |
| Total equity | $18.9B | $21.9B | $22.5B | $27.3B | $32.6B |
| YoY | — | +16.1% | +2.7% | +21.2% | +19.6% |
| Shares outstanding | 898.1M | 906.1M | 915.0M | 926.3M | 937.0M |
| YoY | — | +0.9% | +1.0% | +1.2% | +1.2% |
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 | $12.8B | $10.4B | $13.9B | $13.4B | $13.2B |
| YoY | — | -18.5% | +33.5% | -3.5% | -1.9% |
| Capital expenditures | $2.1B | $1.3B | $1.2B | $1.0B | $1.1B |
| YoY | — | -34.7% | -7.5% | -15.8% | +4.1% |
| Free cash flow | $10.7B | $9.1B | $12.7B | $12.4B | $12.1B |
| YoY | — | -15.3% | +39.6% | -2.3% | -2.4% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 54.9% | 54.0% | 55.4% | 56.7% | 58.2% |
| Operating margin | — | — | — | — | — |
| Net margin | 10.0% | 2.7% | 12.1% | 9.6% | 15.7% |
| Free cash flow margin | 18.7% | 15.0% | 20.5% | 19.8% | 17.9% |
| Effective tax rate | 2.6% | -54.2% | 13.5% | -3.8% | -2.3% |
| Current ratio | 0.88x | 0.92x | 0.96x | 1.04x | 0.96x |
| Total liabilities / equity | 5.98x | 4.80x | 5.00x | 4.02x | 3.65x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| IBM FY25 · this stock | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
| CRM FY26 | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
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.