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 | $4.0B | $4.2B | $4.0B | $4.1B | $4.5B | $4.8B | $4.5B | $4.5B |
| YoY | — | — | — | — | +13.1% | +13.8% | +10.8% | +9.3% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.1B | $1.1B | $1.2B | $1.1B | $1.4B | $1.4B | $1.3B | $1.2B |
| YoY | — | — | — | — | +23.1% | +26.1% | +16.8% | +9.1% |
| Pretax income | $891.0M | $929.0M | $919.0M | $839.0M | $1.3B | $1.3B | $1.2B | $980.0M |
| YoY | — | — | — | — | +46.5% | +38.6% | +26.9% | +16.8% |
| Income tax | $197.0M | $186.0M | $177.0M | $185.0M | $284.0M | $287.0M | $272.0M | $190.0M |
| YoY | — | — | — | — | +44.2% | +54.3% | +53.7% | +2.7% |
| Net income | $667.0M | $717.0M | $715.0M | $628.0M | $996.0M | $976.0M | $867.0M | $764.0M |
| YoY | — | — | — | — | +49.3% | +36.1% | +21.3% | +21.7% |
| EPS — basic | — | $0.32 | $0.32 | $0.28 | — | $0.44 | $0.39 | $0.34 |
| YoY | — | — | — | — | — | +37.5% | +21.9% | +21.4% |
| EPS — diluted | — | $0.32 | $0.32 | $0.28 | — | $0.44 | $0.39 | $0.34 |
| YoY | — | — | — | — | — | +37.5% | +21.9% | +21.4% |
| Weighted shares — basic | — | 2.22B | 2.22B | 2.22B | — | 2.23B | 2.23B | 2.23B |
| Weighted shares — diluted | — | 2.22B | 2.22B | 2.22B | — | 2.23B | 2.23B | 2.23B |
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 | $88.0M | $80.0M | $82.0M | $71.0M | $63.0M | $72.0M | $89.0M | $918.0M |
| YoY | — | — | — | — | -28.4% | -10.0% | +8.5% | +1193.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | $555.0M | $577.0M | $560.0M | $560.0M | $574.0M | $593.0M | $565.0M | $621.0M |
| YoY | — | — | — | — | +3.4% | +2.8% | +0.9% | +10.9% |
| Total current assets | $2.5B | $2.6B | $2.5B | $2.4B | $2.8B | $2.7B | $2.6B | $3.5B |
| YoY | — | — | — | — | +9.2% | +5.0% | +4.1% | +43.0% |
| Total assets | $71.4B | $72.3B | $72.4B | $72.3B | $72.7B | $73.1B | $74.1B | $75.4B |
| YoY | — | — | — | — | +1.9% | +1.0% | +2.3% | +4.3% |
| Total current liabilities | $5.1B | $5.8B | $3.6B | $3.8B | $4.3B | $5.2B | $5.6B | $5.2B |
| YoY | — | — | — | — | -15.3% | -10.3% | +55.4% | +34.7% |
| Total liabilities | $39.5B | $40.4B | $40.3B | $40.3B | $40.3B | $40.5B | $41.2B | $42.6B |
| YoY | — | — | — | — | +1.9% | +0.2% | +2.2% | +5.7% |
| Total equity | $30.5B | $30.6B | $30.8B | $30.7B | $31.2B | $31.3B | $31.6B | $31.6B |
| YoY | — | — | — | — | +2.1% | +2.3% | +2.8% | +2.8% |
| Shares outstanding | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.23B |
| YoY | — | — | — | — | +0.1% | +0.1% | +0.1% | +0.1% |
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 | $1.5B | $1.2B | $1.6B | $1.4B | $1.7B | $1.5B | $2.0B | $1.6B |
| YoY | — | — | — | — | +12.1% | +28.3% | +18.9% | +12.4% |
| Capital expenditures | $772.0M | $766.0M | $647.0M | $793.0M | $820.0M | $804.0M | $982.0M | $1.0B |
| YoY | — | — | — | — | +6.2% | +5.0% | +51.8% | +31.8% |
| Free cash flow | $738.0M | $396.0M | $1.0B | $621.0M | $872.0M | $687.0M | $978.0M | $545.0M |
| YoY | — | — | — | — | +18.2% | +73.5% | -2.4% | -12.2% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | $0 | $0 | $0 | — | — | — |
| 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 | — | — | — | — | — | — | — | — |
| Operating margin | 27.8% | 27.0% | 28.5% | 25.6% | 30.3% | 29.9% | 30.1% | 25.6% |
| Net margin | 16.7% | 16.9% | 17.7% | 15.1% | 22.1% | 20.2% | 19.4% | 16.9% |
| Free cash flow margin | 18.5% | 9.3% | 24.8% | 15.0% | 19.3% | 14.2% | 21.8% | 12.0% |
| Effective tax rate | 22.1% | 20.0% | 19.3% | 22.1% | 21.8% | 22.3% | 23.3% | 19.4% |
| Current ratio | 0.49x | 0.45x | 0.68x | 0.63x | 0.64x | 0.52x | 0.46x | 0.67x |
| Total liabilities / equity | 1.30x | 1.32x | 1.31x | 1.31x | 1.29x | 1.29x | 1.30x | 1.35x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| KMI FY25 · this stock | $16.9B | +12.2% | — | 27.9% | 18.0% | 17.1% |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
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.