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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.8B | $2.8B | $1.9B | $2.7B | $2.6B | $2.7B | $2.0B |
| YoY | — | — | — | — | -7.9% | -6.6% | -3.6% | +1.8% |
| Cost of goods sold | $1.9B | $1.8B | $1.8B | $1.1B | $1.7B | $1.7B | $1.7B | $1.1B |
| YoY | — | — | — | — | -8.6% | -5.1% | -4.7% | +0.5% |
| Gross profit | $1.1B | $980.0M | $1.0B | $824.0M | $983.0M | $890.0M | $1.0B | $853.0M |
| YoY | — | — | — | — | -6.6% | -9.2% | -1.6% | +3.5% |
| Research & development | $162.0M | $170.0M | $164.0M | $170.0M | $174.0M | $174.0M | $166.0M | $170.0M |
| YoY | — | — | — | — | +7.4% | +2.4% | +1.2% | +0.0% |
| Selling, general & administrative | $495.0M | $517.0M | $461.0M | $409.0M | $421.0M | $469.0M | $427.0M | $437.0M |
| YoY | — | — | — | — | -14.9% | -9.3% | -7.4% | +6.8% |
| Operating income | $249.0M | $127.0M | $-903.0M | $142.0M | $226.0M | $97.0M | $273.0M | $158.0M |
| YoY | — | — | — | — | -9.2% | -23.6% | +130.2% | +11.3% |
| Pretax income | $95.0M | $-115.0M | $-994.0M | $438.0M | $56.0M | $22.0M | $209.0M | $64.0M |
| YoY | — | — | — | — | -41.1% | +119.1% | +121.0% | -85.4% |
| Income tax | $36.0M | $-55.0M | $23.0M | $-112.0M | $15.0M | $-9.0M | $39.0M | $31.0M |
| YoY | — | — | — | — | -58.3% | +83.6% | +69.6% | +127.7% |
| Net income | $58.0M | — | $-1.0B | $599.0M | $40.0M | — | $169.0M | $50.0M |
| YoY | — | — | — | — | -31.0% | — | +116.6% | -91.7% |
| EPS — basic | $0.23 | — | $-3.98 | $2.34 | $0.16 | — | $0.66 | $0.20 |
| YoY | — | — | — | — | -30.4% | — | +116.6% | -91.5% |
| EPS — diluted | $0.23 | — | $-3.98 | $2.33 | $0.16 | — | $0.66 | $0.20 |
| YoY | — | — | — | — | -30.4% | — | +116.6% | -91.4% |
| Weighted shares — basic | 256.0M | — | 256.0M | 256.0M | 256.0M | — | 256.0M | 255.0M |
| Weighted shares — diluted | 257.0M | — | 256.0M | 257.0M | 257.0M | — | 257.0M | 257.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $567.0M | $469.0M | $613.0M | $816.0M | $621.0M | $590.0M | $562.0M | $569.0M |
| YoY | — | — | — | — | +9.5% | +25.8% | -8.3% | -30.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.8B | $1.6B | $1.7B | $1.8B | $1.9B | $1.3B | $1.8B | $1.4B |
| YoY | — | — | — | — | +5.5% | -20.3% | +5.1% | -20.9% |
| Inventory | $2.2B | $2.1B | $2.2B | $2.4B | $2.3B | $1.5B | $2.2B | $1.5B |
| YoY | — | — | — | — | +5.6% | -29.3% | +0.0% | -36.5% |
| Total current assets | $8.4B | $8.0B | $8.6B | $5.9B | $5.9B | $5.6B | $5.4B | $9.1B |
| YoY | — | — | — | — | -30.2% | -29.8% | -37.0% | +53.3% |
| Total assets | $29.9B | $28.7B | $28.3B | $26.1B | $25.8B | $25.5B | $25.1B | $25.2B |
| YoY | — | — | — | — | -13.9% | -11.1% | -11.0% | -3.7% |
| Total current liabilities | $3.2B | $4.4B | $4.6B | $3.2B | $4.1B | $3.9B | $3.6B | $4.4B |
| YoY | — | — | — | — | +26.4% | -9.6% | -20.9% | +38.5% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $14.8B | $13.8B | $13.2B | $14.4B | $14.2B | $14.2B | $14.1B | $14.0B |
| YoY | — | — | — | — | -3.6% | +2.3% | +7.2% | -3.0% |
| Shares outstanding | 255.7M | 255.7M | 255.7M | 256.3M | 256.3M | 255.7M | 255.2M | 255.3M |
| YoY | — | — | — | — | +0.2% | +0.0% | -0.2% | -0.4% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $345.0M | $389.0M | $127.0M | $241.0M | $164.0M | $318.0M | $257.0M | $422.0M |
| YoY | — | — | — | — | -52.5% | -18.3% | +102.4% | +75.1% |
| Capital expenditures | $103.0M | $160.0M | $179.0M | $95.0M | $132.0M | $188.0M | $165.0M | $136.0M |
| YoY | — | — | — | — | +28.2% | +17.5% | -7.8% | +43.2% |
| Free cash flow | $242.0M | $229.0M | $-52.0M | $146.0M | $32.0M | $130.0M | $92.0M | $286.0M |
| YoY | — | — | — | — | -86.8% | -43.2% | +276.9% | +95.9% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | $0 | $0 | $0 | — | $38.0M | $35.0M | $36.0M |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.0% | 35.4% | 36.4% | 42.9% | 36.5% | 34.4% | 37.1% | 43.7% |
| Operating margin | 8.5% | 4.6% | -31.8% | 7.4% | 8.4% | 3.7% | 10.0% | 8.1% |
| Net margin | 2.0% | — | -35.8% | 31.2% | 1.5% | — | 6.2% | 2.6% |
| Free cash flow margin | 8.3% | 8.3% | -1.8% | 7.6% | 1.2% | 5.0% | 3.4% | 14.6% |
| Effective tax rate | 37.9% | 47.8% | -2.3% | -25.6% | 26.8% | -40.9% | 18.7% | 48.4% |
| Current ratio | 2.62x | 1.83x | 1.87x | 1.86x | 1.44x | 1.42x | 1.49x | 2.06x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| IFF FY18 · this stock | $4.0B | +17.0% | 42.3% | 14.7% | — | 6.7% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
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.