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 | $6.3B | $6.4B | $6.3B | $6.7B | $6.5B | $6.7B | $6.7B | $7.1B |
| YoY | — | — | — | — | +3.7% | +4.1% | +6.2% | +4.8% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $944.0M | $752.0M | $948.0M | $1.2B | $1.2B | $777.0M | $1.1B | $1.2B |
| YoY | — | — | — | — | +25.0% | +3.3% | +12.2% | -0.6% |
| Pretax income | $786.0M | $598.0M | $764.0M | $1.1B | $994.0M | $582.0M | $858.0M | $1.0B |
| YoY | — | — | — | — | +26.5% | -2.7% | +12.3% | -0.9% |
| Income tax | $202.0M | $143.0M | $99.0M | $291.0M | $266.0M | $137.0M | $210.0M | $278.0M |
| YoY | — | — | — | — | +31.7% | -4.2% | +112.1% | -4.5% |
| Net income | $584.0M | $455.0M | $665.0M | $763.0M | $728.0M | $445.0M | $648.0M | $766.0M |
| YoY | — | — | — | — | +24.7% | -2.2% | -2.6% | +0.4% |
| EPS — basic | $2.08 | — | $2.40 | $2.78 | $2.68 | — | $2.44 | $2.90 |
| YoY | — | — | — | — | +28.8% | — | +1.7% | +4.3% |
| EPS — diluted | $2.07 | — | $2.39 | $2.78 | $2.67 | — | $2.43 | $2.90 |
| YoY | — | — | — | — | +29.0% | — | +1.7% | +4.3% |
| Weighted shares — basic | 281.5M | — | 276.9M | 274.2M | 271.8M | — | 266.1M | 263.9M |
| Weighted shares — diluted | 282.4M | — | 277.7M | 274.7M | 272.5M | — | 266.8M | 264.5M |
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 | $394.0M | $396.0M | $523.0M | $671.0M | $678.0M | $358.0M | $454.0M | $462.0M |
| YoY | — | — | — | — | +72.1% | -9.6% | -13.2% | -31.1% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $3.6B | $3.5B | $3.7B | $4.0B | $4.1B | $3.6B | $3.9B | $4.2B |
| YoY | — | — | — | — | +15.1% | +2.8% | +4.5% | +4.8% |
| Total assets | $26.2B | $26.2B | $26.7B | $27.3B | $27.8B | $27.5B | $27.9B | $28.1B |
| YoY | — | — | — | — | +6.2% | +5.2% | +4.5% | +2.7% |
| Total current liabilities | $8.5B | $8.6B | $8.3B | $8.2B | $8.8B | $8.4B | $8.5B | $7.9B |
| YoY | — | — | — | — | +3.3% | -2.9% | +2.8% | -3.6% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $-2.4B | $-3.0B | $-3.2B | $-3.0B | $-3.1B | $-3.8B | $-4.1B | $-4.5B |
| YoY | — | — | — | — | -28.8% | -26.0% | -29.2% | -52.7% |
| Shares outstanding | — | 276.7M | — | — | — | 265.9M | — | — |
| YoY | — | — | — | — | — | -3.9% | — | — |
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 | $880.0M | $318.0M | $647.0M | $643.0M | $1.1B | $829.0M | $858.0M | $948.0M |
| YoY | — | — | — | — | +24.2% | +160.7% | +32.6% | +47.4% |
| Capital expenditures | $174.0M | $342.0M | $135.0M | $155.0M | $142.0M | — | $130.0M | $152.0M |
| YoY | — | — | — | — | -18.4% | — | -3.7% | -1.9% |
| Free cash flow | $706.0M | $-24.0M | $512.0M | $488.0M | $951.0M | — | $728.0M | $796.0M |
| YoY | — | — | — | — | +34.7% | — | +42.2% | +63.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.0B | $586.0M | $751.0M | $749.0M | $800.0M | $1.0B | $700.0M | $1.1B |
| YoY | — | — | — | — | -21.6% | +70.6% | -6.8% | +49.4% |
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 | — | — | — | — | — | — | — | — |
| Operating margin | 15.1% | 11.7% | 15.1% | 18.3% | 18.2% | 11.6% | 16.0% | 17.4% |
| Net margin | 9.3% | 7.1% | 10.6% | 11.3% | 11.2% | 6.7% | 9.7% | 10.8% |
| Free cash flow margin | 11.3% | -0.4% | 8.2% | 7.2% | 14.7% | — | 10.9% | 11.3% |
| Effective tax rate | 25.7% | 23.9% | 13.0% | 27.6% | 26.8% | 23.5% | 24.5% | 26.6% |
| Current ratio | 0.42x | 0.40x | 0.45x | 0.49x | 0.47x | 0.43x | 0.46x | 0.53x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Consumer Discretionary), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| MAR FY25 · this stock | $26.2B | +4.3% | — | 15.8% | 9.9% | — |
| AMZN FY25 | $716.9B | +12.4% | — | 11.2% | 10.8% | — |
| GM FY25 | $185.0B | -1.3% | — | 1.6% | 1.5% | 9.5% |
| F FY24 | $185.0B | +5.0% | — | 2.8% | — | — |
| HD FY26 | $164.7B | +3.2% | 33.3% | 12.7% | 8.6% | — |
| TSLA FY25 | $94.8B | -2.9% | 18.0% | 4.6% | 4.0% | 6.6% |
| LOW FY26 | $86.3B | +3.1% | 33.5% | 11.8% | 7.7% | 8.9% |
| NKE FY26 | $46.4B | +0.2% | 42.9% | — | 6.7% | 4.7% |
| SBUX FY25 | $37.2B | +2.8% | — | 7.9% | 5.0% | 6.6% |
| MCD FY25 | $26.9B | +3.7% | — | 46.1% | 31.9% | 26.7% |
| ROST FY26 | $22.8B | +7.7% | — | — | 9.4% | 9.7% |
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.