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 | $48.4B | $42.3B | $47.5B | $51.2B | $59.9B | $56.3B | $60.8B | $64.6B |
| YoY | — | — | — | — | +23.8% | +33.1% | +28.0% | +26.1% |
| Cost of goods sold | $8.8B | $7.6B | $8.5B | $9.2B | $10.9B | $10.2B | $11.3B | $13.4B |
| YoY | — | — | — | — | +23.4% | +34.9% | +33.4% | +45.2% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $12.2B | $12.2B | $12.9B | $15.1B | $17.1B | $17.7B | $21.7B | $20.1B |
| YoY | — | — | — | — | +40.7% | +45.7% | +67.3% | +32.4% |
| Selling, general & administrative | $4.0B | $5.0B | $5.6B | $6.4B | $7.1B | $5.5B | $9.0B | $18.2B |
| YoY | — | — | — | — | +77.6% | +9.6% | +60.2% | +186.1% |
| Operating income | $23.4B | $17.6B | $20.4B | $20.5B | $24.7B | $22.9B | $18.8B | $13.0B |
| YoY | — | — | — | — | +5.9% | +30.3% | -8.2% | -36.8% |
| Pretax income | $23.6B | $18.4B | $20.5B | $21.7B | $25.4B | $21.8B | $18.8B | $13.0B |
| YoY | — | — | — | — | +7.7% | +18.3% | -8.7% | -40.0% |
| Income tax | $2.7B | $1.7B | $2.2B | $19.0B | $2.6B | $-5.0B | $2.9B | $3.1B |
| YoY | — | — | — | — | -4.7% | -388.9% | +32.4% | -83.4% |
| Net income | $20.8B | $16.6B | $18.3B | $2.7B | $22.8B | $26.8B | $15.8B | $9.9B |
| YoY | — | — | — | — | +9.3% | +60.9% | -13.6% | +264.0% |
| EPS — basic | — | $6.59 | $7.28 | $1.08 | — | $10.57 | $6.23 | $3.86 |
| YoY | — | — | — | — | — | +60.4% | -14.4% | +257.4% |
| EPS — diluted | — | $6.43 | $7.14 | $1.05 | — | $10.44 | $6.18 | $3.83 |
| YoY | — | — | — | — | — | +62.4% | -13.4% | +264.8% |
| Weighted shares — basic | — | 2.53B | 2.52B | 2.52B | — | 2.53B | 2.54B | 2.55B |
| Weighted shares — diluted | — | 2.59B | 2.57B | 2.57B | — | 2.56B | 2.57B | 2.57B |
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 | $43.9B | $28.8B | $12.0B | $10.2B | $35.9B | $23.4B | $15.5B | $11.2B |
| YoY | — | — | — | — | -18.3% | -18.5% | +28.8% | +10.2% |
| Marketable securities (current) | $33.9B | $41.5B | $35.1B | $34.3B | $45.7B | $57.8B | $74.8B | $71.2B |
| YoY | — | — | — | — | +34.8% | +39.2% | +113.3% | +107.9% |
| Accounts receivable | $17.0B | $14.5B | $16.6B | $17.3B | $19.8B | $17.5B | $21.8B | $22.7B |
| YoY | — | — | — | — | +16.3% | +20.4% | +31.3% | +31.3% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $100.0B | $90.2B | $73.6B | $73.1B | $108.7B | $109.8B | $125.5B | $119.9B |
| YoY | — | — | — | — | +8.7% | +21.7% | +70.5% | +64.0% |
| Total assets | $276.1B | $280.2B | $294.7B | $303.8B | $366.0B | $395.2B | $450.0B | $478.8B |
| YoY | — | — | — | — | +32.6% | +41.1% | +52.7% | +57.6% |
| Total current liabilities | $33.6B | $33.9B | $37.3B | $37.0B | $41.8B | $46.8B | $56.4B | $63.0B |
| YoY | — | — | — | — | +24.5% | +38.0% | +51.1% | +70.5% |
| Total liabilities | $93.4B | $95.2B | $99.7B | $109.8B | $148.8B | $151.6B | $188.7B | $206.4B |
| YoY | — | — | — | — | +59.3% | +59.2% | +89.4% | +88.1% |
| Total equity | $182.6B | $185.0B | $195.1B | $194.1B | $217.2B | $243.7B | $261.2B | $272.4B |
| YoY | — | — | — | — | +18.9% | +31.7% | +33.9% | +40.4% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $28.0B | $24.0B | $25.6B | $30.0B | $36.2B | $32.2B | $31.9B | $32.8B |
| YoY | — | — | — | — | +29.4% | +34.1% | +24.7% | +9.3% |
| Capital expenditures | $14.4B | $12.9B | $16.5B | $18.8B | $21.4B | $19.0B | $30.1B | $33.9B |
| YoY | — | — | — | — | +48.2% | +46.8% | +82.1% | +80.3% |
| Free cash flow | $13.6B | $11.1B | $9.0B | $11.2B | $14.8B | $13.2B | $1.7B | $-1.2B |
| YoY | — | — | — | — | +9.3% | +19.3% | -80.6% | -110.4% |
| Dividends paid | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B |
| YoY | — | — | — | — | +5.4% | +1.3% | +2.0% | +2.3% |
| Share repurchases | $0 | $12.8B | $10.2B | $3.3B | $0 | $0 | $0 | $0 |
| YoY | — | — | — | — | — | -100.0% | -100.0% | -100.0% |
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 | 48.3% | 41.5% | 43.0% | 40.1% | 41.3% | 40.6% | 30.9% | 20.1% |
| Net margin | 43.1% | 39.3% | 38.6% | 5.3% | 38.0% | 47.5% | 26.1% | 15.3% |
| Free cash flow margin | 28.0% | 26.2% | 19.0% | 21.8% | 24.8% | 23.5% | 2.9% | -1.8% |
| Effective tax rate | 11.5% | 9.5% | 10.7% | 87.5% | 10.2% | -23.1% | 15.5% | 24.2% |
| Current ratio | 2.98x | 2.66x | 1.97x | 1.98x | 2.60x | 2.35x | 2.23x | 1.90x |
| Total liabilities / equity | 0.51x | 0.51x | 0.51x | 0.57x | 0.68x | 0.62x | 0.72x | 0.76x |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| META FY25 · this stock | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 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.