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 | $13.9B | $20.8B | $23.7B | $25.1B | $26.2B |
| YoY | — | +49.9% | +14.2% | +5.8% | +4.3% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.8B | $3.5B | $3.9B | $3.8B | $4.1B |
| YoY | — | +97.8% | +11.6% | -2.5% | +9.9% |
| Pretax income | $1.2B | $3.1B | $3.4B | $3.2B | $3.4B |
| YoY | — | +163.9% | +8.5% | -6.7% | +7.7% |
| Income tax | $81.0M | $756.0M | $295.0M | $776.0M | $793.0M |
| YoY | — | +833.3% | -61.0% | +163.1% | +2.2% |
| Net income | $1.1B | $2.4B | $3.1B | $2.4B | $2.6B |
| YoY | — | +114.6% | +30.7% | -23.0% | +9.5% |
| EPS — basic | $3.36 | $7.27 | $10.23 | $8.36 | $9.53 |
| YoY | — | +116.4% | +40.7% | -18.3% | +14.0% |
| EPS — diluted | $3.34 | $7.24 | $10.18 | $8.33 | $9.51 |
| YoY | — | +116.8% | +40.6% | -18.2% | +14.2% |
| Weighted shares — basic | 327.2M | 324.4M | 301.5M | 284.2M | 272.9M |
| Weighted shares — diluted | 329.3M | 325.8M | 302.9M | 285.2M | 273.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.4B | $507.0M | $338.0M | $396.0M | $358.0M |
| YoY | — | -63.6% | -33.3% | +17.2% | -9.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.6B | $3.3B | $3.3B | $3.5B | $3.6B |
| YoY | — | -8.6% | -0.1% | +5.3% | +2.8% |
| Total assets | $25.6B | $24.8B | $25.7B | $26.2B | $27.5B |
| YoY | — | -2.9% | +3.5% | +2.0% | +5.2% |
| Total current liabilities | $6.4B | $7.3B | $7.8B | $8.6B | $8.4B |
| YoY | — | +14.5% | +5.8% | +11.4% | -2.9% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $1.4B | $568.0M | $-682.0M | $-3.0B | $-3.8B |
| YoY | — | -59.8% | -220.1% | -338.7% | -26.0% |
| Shares outstanding | 326.3M | 310.6M | 290.5M | 276.7M | 265.9M |
| YoY | — | -4.8% | -6.5% | -4.8% | -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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $2.4B | $3.2B | $2.7B | $3.2B |
| YoY | — | +100.8% | +34.2% | -13.3% | +16.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $2.6B | $4.0B | $3.8B | $3.3B |
| YoY | — | — | +54.1% | -4.8% | -12.3% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 12.6% | 16.7% | 16.3% | 15.0% | 15.8% |
| Net margin | 7.9% | 11.4% | 13.0% | 9.5% | 9.9% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 6.9% | 24.3% | 8.7% | 24.6% | 23.4% |
| Current ratio | 0.57x | 0.45x | 0.43x | 0.40x | 0.43x |
| 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.