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 | $17.6B | $14.5B | $17.0B | $16.3B | $19.7B | $15.9B | $17.2B | $17.1B |
| YoY | — | — | — | — | +12.1% | +9.5% | +1.1% | +4.7% |
| Cost of goods sold | $7.1B | $6.5B | $7.0B | $7.0B | $7.8B | $7.0B | $7.3B | $7.4B |
| YoY | — | — | — | — | +9.1% | +7.0% | +3.6% | +6.0% |
| Gross profit | $10.4B | $8.0B | $10.0B | $9.4B | $11.9B | $8.9B | $9.9B | $9.7B |
| YoY | — | — | — | — | +14.3% | +11.4% | -0.7% | +3.8% |
| Research & development | $2.0B | $1.9B | $2.1B | $2.1B | $2.2B | $2.2B | $2.3B | $2.4B |
| YoY | — | — | — | — | +11.2% | +11.4% | +10.2% | +14.2% |
| Selling, general & administrative | $4.9B | $4.9B | $5.0B | $4.7B | $5.5B | $5.1B | $5.0B | $4.6B |
| YoY | — | — | — | — | +12.3% | +4.2% | -0.9% | -2.7% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $3.3B | $1.2B | $2.6B | $2.4B | $4.1B | $1.4B | $2.5B | $2.5B |
| YoY | — | — | — | — | +25.3% | +19.8% | -4.5% | +2.8% |
| Income tax | $379.0M | $103.0M | $404.0M | $686.0M | $-1.4B | $172.0M | $313.0M | $298.0M |
| YoY | — | — | — | — | -478.6% | +67.0% | -22.5% | -56.6% |
| Net income | $2.9B | $1.1B | $2.2B | $1.7B | $5.6B | $1.2B | $2.2B | $2.2B |
| YoY | — | — | — | — | +92.2% | +15.3% | -1.3% | +25.6% |
| EPS — basic | — | $1.14 | $2.36 | $1.87 | — | $1.30 | $2.30 | $2.32 |
| YoY | — | — | — | — | — | +14.0% | -2.5% | +24.1% |
| EPS — diluted | — | $1.12 | $2.31 | $1.84 | — | $1.28 | $2.27 | $2.30 |
| YoY | — | — | — | — | — | +14.3% | -1.7% | +25.0% |
| Weighted shares — basic | — | 928.0M | 930.8M | 933.9M | — | 938.5M | 941.2M | 944.4M |
| Weighted shares — diluted | — | 945.4M | 948.0M | 948.9M | — | 952.1M | 953.3M | 953.5M |
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 | $13.9B | $11.0B | $11.9B | $11.6B | $13.6B | $10.8B | $7.2B | $9.2B |
| YoY | — | — | — | — | -2.6% | -2.0% | -39.9% | -20.2% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $6.8B | $5.9B | $6.0B | $5.5B | $8.1B | $6.5B | $6.0B | $5.8B |
| YoY | — | — | — | — | +19.2% | +10.9% | +1.2% | +4.7% |
| Inventory | $1.3B | $1.4B | $1.3B | $1.4B | $1.2B | $1.5B | $1.7B | $1.9B |
| YoY | — | — | — | — | -5.4% | +3.1% | +39.6% | +39.2% |
| Total current assets | $34.5B | $35.3B | $34.3B | $32.7B | $36.9B | $31.9B | $28.4B | $31.2B |
| YoY | — | — | — | — | +7.1% | -9.7% | -17.1% | -4.7% |
| Total assets | $137.2B | $145.7B | $148.6B | $146.3B | $151.9B | $156.2B | $152.1B | $155.0B |
| YoY | — | — | — | — | +10.7% | +7.3% | +2.4% | +5.9% |
| Total current liabilities | $33.1B | $35.1B | $37.7B | $35.1B | $38.7B | $40.1B | $35.9B | $36.5B |
| YoY | — | — | — | — | +16.6% | +14.2% | -4.8% | +3.8% |
| Total liabilities | $109.8B | $118.7B | $121.0B | $118.3B | $119.1B | $123.2B | $117.6B | $118.8B |
| YoY | — | — | — | — | +8.5% | +3.8% | -2.8% | +0.4% |
| Total equity | $27.3B | $26.9B | $27.5B | $27.9B | $32.6B | $33.0B | $34.5B | $35.5B |
| YoY | — | — | — | — | +19.6% | +22.7% | +25.2% | +27.3% |
| Shares outstanding | 926.3M | — | — | — | 937.0M | — | — | — |
| YoY | — | — | — | — | +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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.3B | $4.4B | $1.7B | $3.1B | $4.0B | $5.2B | $2.6B | $4.0B |
| YoY | — | — | — | — | -6.7% | +18.3% | +52.7% | +30.6% |
| Capital expenditures | $303.0M | $244.0M | $210.0M | $255.0M | $382.0M | $232.0M | $229.0M | $332.0M |
| YoY | — | — | — | — | +26.1% | -4.9% | +9.0% | +30.2% |
| Free cash flow | $4.0B | $4.1B | $1.5B | $2.8B | $3.7B | $4.9B | $2.4B | $3.7B |
| YoY | — | — | — | — | -9.2% | +19.7% | +58.8% | +30.6% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 59.5% | 55.2% | 58.8% | 57.3% | 60.6% | 56.2% | 57.7% | 56.8% |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 16.6% | 7.3% | 12.9% | 10.7% | 28.4% | 7.6% | 12.6% | 12.8% |
| Free cash flow margin | 22.9% | 28.4% | 8.8% | 17.3% | 18.6% | 31.0% | 13.8% | 21.6% |
| Effective tax rate | 11.5% | 8.9% | 15.6% | 28.2% | -34.6% | 12.4% | 12.6% | 11.9% |
| Current ratio | 1.04x | 1.01x | 0.91x | 0.93x | 0.96x | 0.80x | 0.79x | 0.85x |
| Total liabilities / equity | 4.02x | 4.42x | 4.40x | 4.24x | 3.65x | 3.74x | 3.41x | 3.34x |
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.