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 | $16.6B | $19.2B | $15.3B | $15.1B | $16.9B |
| YoY | — | +15.6% | -20.1% | -1.5% | +12.2% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.9B | $4.1B | $4.3B | $4.4B | $4.7B |
| YoY | — | +39.4% | +4.9% | +2.8% | +7.8% |
| Pretax income | $2.2B | $3.3B | $3.2B | $3.4B | $4.0B |
| YoY | — | +50.3% | -4.0% | +6.4% | +17.2% |
| Income tax | $369.0M | $710.0M | $715.0M | $687.0M | $832.0M |
| YoY | — | +92.4% | +0.7% | -3.9% | +21.1% |
| Net income | $1.8B | $2.5B | $2.4B | $2.6B | $3.1B |
| YoY | — | +42.8% | -6.2% | +9.3% | +17.0% |
| EPS — basic | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
| YoY | — | +43.6% | -5.4% | +10.4% | +17.1% |
| EPS — diluted | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
| YoY | — | +43.6% | -5.4% | +10.4% | +17.1% |
| Weighted shares — basic | 2.27B | 2.26B | 2.23B | 2.22B | 2.22B |
| Weighted shares — diluted | 2.27B | 2.26B | 2.23B | 2.22B | 2.22B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.1B | $745.0M | $83.0M | $88.0M | $63.0M |
| YoY | — | -34.6% | -88.9% | +6.0% | -28.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | $562.0M | $634.0M | $525.0M | $555.0M | $574.0M |
| YoY | — | +12.8% | -17.2% | +5.7% | +3.4% |
| Total current assets | $3.8B | $3.8B | $2.5B | $2.5B | $2.8B |
| YoY | — | -0.7% | -33.2% | -0.8% | +9.2% |
| Total assets | $70.4B | $70.1B | $71.0B | $71.4B | $72.7B |
| YoY | — | -0.5% | +1.3% | +0.5% | +1.9% |
| Total current liabilities | $5.8B | $6.9B | $7.2B | $5.1B | $4.3B |
| YoY | — | +19.1% | +4.2% | -29.4% | -15.3% |
| Total liabilities | $38.5B | $38.0B | $39.3B | $39.5B | $40.3B |
| YoY | — | -1.4% | +3.5% | +0.6% | +1.9% |
| Total equity | $30.8B | $30.7B | $30.3B | $30.5B | $31.2B |
| YoY | — | -0.3% | -1.4% | +0.7% | +2.1% |
| Shares outstanding | 2.27B | 2.25B | 2.22B | 2.22B | 2.22B |
| YoY | — | -0.9% | -1.2% | +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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $5.7B | $5.0B | $6.5B | $5.6B | $5.9B |
| YoY | — | -13.0% | +30.7% | -13.2% | +5.0% |
| Capital expenditures | $1.3B | $1.6B | $2.3B | $2.6B | $3.0B |
| YoY | — | +26.5% | +42.9% | +13.5% | +15.1% |
| Free cash flow | $4.4B | $3.3B | $4.2B | $3.0B | $2.9B |
| YoY | — | -24.4% | +24.7% | -28.0% | -3.8% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $368.0M | $522.0M | $7.0M | $0 |
| YoY | — | — | +41.8% | -98.7% | -100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 17.6% | 21.2% | 27.8% | 29.0% | 27.9% |
| Net margin | 10.7% | 13.3% | 15.6% | 17.3% | 18.0% |
| Free cash flow margin | 26.7% | 17.4% | 27.2% | 19.9% | 17.1% |
| Effective tax rate | 16.6% | 21.3% | 22.3% | 20.2% | 20.8% |
| Current ratio | 0.66x | 0.55x | 0.35x | 0.49x | 0.64x |
| Total liabilities / equity | 1.25x | 1.23x | 1.30x | 1.30x | 1.29x |
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.