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 | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B |
| YoY | — | -1.1% | +15.7% | +21.9% | +22.2% |
| Cost of goods sold | $22.6B | $25.2B | $26.0B | $30.2B | $36.2B |
| YoY | — | +11.5% | +2.8% | +16.2% | +19.9% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $24.7B | $35.3B | $38.5B | $43.9B | $57.4B |
| YoY | — | +43.3% | +8.9% | +14.0% | +30.8% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $46.8B | $28.9B | $46.8B | $69.4B | $83.3B |
| YoY | — | -38.1% | +61.5% | +48.4% | +20.0% |
| Pretax income | $47.3B | $28.8B | $47.4B | $70.7B | $85.9B |
| YoY | — | -39.1% | +64.6% | +49.0% | +21.6% |
| Income tax | $7.9B | $5.6B | $8.3B | $8.3B | $25.5B |
| YoY | — | -29.0% | +48.2% | -0.3% | +206.8% |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B |
| YoY | — | -41.1% | +68.5% | +59.5% | -3.1% |
| EPS — basic | $13.99 | $8.63 | $15.19 | $24.61 | $23.98 |
| YoY | — | -38.3% | +76.0% | +62.0% | -2.6% |
| EPS — diluted | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
| YoY | — | -37.6% | +73.1% | +60.5% | -1.6% |
| Weighted shares — basic | 2.81B | 2.69B | 2.57B | 2.53B | 2.52B |
| Weighted shares — diluted | 2.86B | 2.70B | 2.63B | 2.61B | 2.57B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $16.6B | $14.7B | $41.9B | $43.9B | $35.9B |
| YoY | — | -11.6% | +185.1% | +4.8% | -18.3% |
| Marketable securities (current) | $31.4B | $26.1B | $23.5B | $33.9B | $45.7B |
| YoY | — | -17.0% | -9.7% | +44.1% | +34.8% |
| Accounts receivable | $14.0B | $13.5B | $16.2B | $17.0B | $19.8B |
| YoY | — | -4.1% | +20.1% | +5.1% | +16.3% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $66.7B | $59.5B | $85.4B | $100.0B | $108.7B |
| YoY | — | -10.7% | +43.4% | +17.2% | +8.7% |
| Total assets | $166.0B | $185.7B | $229.6B | $276.1B | $366.0B |
| YoY | — | +11.9% | +23.6% | +20.2% | +32.6% |
| Total current liabilities | $21.1B | $27.0B | $32.0B | $33.6B | $41.8B |
| YoY | — | +27.9% | +18.3% | +5.1% | +24.5% |
| Total liabilities | $41.1B | $60.0B | $76.5B | $93.4B | $148.8B |
| YoY | — | +46.0% | +27.4% | +22.2% | +59.3% |
| Total equity | $124.9B | $125.7B | $153.2B | $182.6B | $217.2B |
| YoY | — | +0.7% | +21.8% | +19.2% | +18.9% |
| 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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $57.7B | $50.5B | $71.1B | $91.3B | $115.8B |
| YoY | — | -12.5% | +40.9% | +28.4% | +26.8% |
| Capital expenditures | $18.7B | $31.2B | $27.0B | $37.3B | $69.7B |
| YoY | — | +66.9% | -13.3% | +37.8% | +87.1% |
| Free cash flow | $39.0B | $19.3B | $44.1B | $54.1B | $46.1B |
| YoY | — | -50.5% | +128.5% | +22.7% | -14.7% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $44.5B | $28.0B | $19.8B | $30.1B | $26.2B |
| YoY | — | -37.2% | -29.3% | +52.3% | -12.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% |
| Net margin | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% |
| Free cash flow margin | 33.1% | 16.5% | 32.7% | 32.9% | 22.9% |
| Effective tax rate | 16.7% | 19.5% | 17.6% | 11.8% | 29.6% |
| Current ratio | 3.15x | 2.20x | 2.67x | 2.98x | 2.60x |
| Total liabilities / equity | 0.33x | 0.48x | 0.50x | 0.51x | 0.68x |
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.