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 | $5.4B | $6.2B | $5.9B | $5.7B | $6.2B |
| YoY | — | +13.8% | -5.0% | -3.2% | +8.6% |
| Cost of goods sold | $4.1B | $4.7B | $4.1B | $4.0B | $4.3B |
| YoY | — | +16.5% | -13.3% | -1.9% | +5.8% |
| Gross profit | $1.3B | $1.4B | $1.7B | $1.6B | $1.9B |
| YoY | — | +5.5% | +22.6% | -6.2% | +15.5% |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $351.0M | $397.0M | $425.0M | $429.0M | $443.0M |
| YoY | — | +13.1% | +7.1% | +0.9% | +3.3% |
| Operating income | $973.8M | $1.2B | $1.3B | $2.5B | $1.4B |
| YoY | — | +23.9% | +10.4% | +86.0% | -42.0% |
| Pretax income | $855.5M | $1.1B | $1.2B | $2.4B | $1.2B |
| YoY | — | +27.5% | +12.4% | +93.0% | -48.2% |
| Income tax | $153.2M | $235.0M | $234.0M | $550.0M | $236.0M |
| YoY | — | +53.4% | -0.4% | +135.0% | -57.1% |
| Net income | $702.5M | $867.0M | $1.2B | $2.0B | $1.1B |
| YoY | — | +23.4% | +34.8% | +70.7% | -43.0% |
| EPS — basic | $11.26 | $13.91 | $18.88 | $32.50 | $18.81 |
| YoY | — | +23.5% | +35.7% | +72.1% | -42.1% |
| EPS — diluted | $11.22 | $13.87 | $18.82 | $32.41 | $18.77 |
| YoY | — | +23.6% | +35.7% | +72.2% | -42.1% |
| Weighted shares — basic | 62.4M | 62.3M | 61.9M | 61.4M | 60.5M |
| Weighted shares — diluted | 62.6M | 62.5M | 62.1M | 61.6M | 60.6M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $258.4M | $358.0M | $1.3B | $670.0M | $67.0M |
| YoY | — | +38.5% | +255.3% | -47.3% | -90.0% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $774.0M | $785.9M | $753.0M | $678.0M | $723.0M |
| YoY | — | +1.5% | -4.2% | -10.0% | +6.6% |
| Inventory | $752.6M | $873.7M | $989.0M | $1.0B | $1.1B |
| YoY | — | +16.1% | +13.2% | +2.9% | +5.9% |
| Total current assets | $2.0B | $2.9B | $3.9B | $2.4B | $3.2B |
| YoY | — | +42.0% | +36.2% | -37.5% | +30.4% |
| Total assets | $14.4B | $15.0B | $15.1B | $18.2B | $18.7B |
| YoY | — | +4.2% | +0.9% | +20.1% | +3.0% |
| Total current liabilities | $752.6M | $1.4B | $1.2B | $1.0B | $895.0M |
| YoY | — | +92.1% | -19.1% | -14.4% | -10.7% |
| Total liabilities | $7.9B | $7.8B | $7.1B | $8.7B | $8.7B |
| YoY | — | -0.4% | -9.4% | +22.9% | -0.4% |
| Total equity | $6.5B | $7.2B | $8.0B | $9.5B | $10.0B |
| YoY | — | +9.7% | +12.0% | +17.7% | +6.1% |
| Shares outstanding | 62.4M | 62.1M | 61.8M | 61.1M | 60.3M |
| YoY | — | -0.5% | -0.5% | -1.1% | -1.3% |
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 | $1.1B | $991.0M | $1.5B | $1.5B | $1.8B |
| YoY | — | -12.9% | +54.2% | -4.5% | +22.3% |
| Capital expenditures | $423.1M | $482.0M | $650.0M | $855.0M | $807.0M |
| YoY | — | +13.9% | +34.9% | +31.5% | -5.6% |
| Free cash flow | $714.6M | $509.0M | $878.0M | $604.0M | $978.0M |
| YoY | — | -28.8% | +72.5% | -31.2% | +61.9% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $150.0M | $150.0M | $450.0M | $450.0M |
| YoY | — | — | +0.0% | +200.0% | +0.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 24.9% | 23.1% | 29.8% | 28.9% | 30.7% |
| Operating margin | 18.0% | 19.6% | 22.8% | 43.8% | 23.4% |
| Net margin | 13.0% | 14.1% | 20.0% | 35.2% | 18.5% |
| Free cash flow margin | 13.2% | 8.3% | 15.0% | 10.7% | 15.9% |
| Effective tax rate | 17.9% | 21.5% | 19.1% | 23.2% | 19.2% |
| Current ratio | 2.69x | 1.99x | 3.35x | 2.44x | 3.57x |
| Total liabilities / equity | 1.20x | 1.09x | 0.88x | 0.92x | 0.86x |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| MLM FY25 · this stock | $6.2B | +8.6% | 30.7% | 23.4% | 18.5% | 15.9% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
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.