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 | $1.6B | $1.4B | $1.2B | $1.6B | $1.8B | $1.5B | $1.4B | $1.9B |
| YoY | — | — | — | — | +12.4% | +8.6% | +17.2% | +21.0% |
| Cost of goods sold | $1.1B | $987.0M | $847.0M | $1.1B | $1.2B | $1.1B | $1.1B | $1.5B |
| YoY | — | — | — | — | +9.4% | +8.0% | +24.2% | +30.5% |
| Gross profit | $513.0M | $424.0M | $315.0M | $496.0M | $611.0M | $468.0M | $310.0M | $495.0M |
| YoY | — | — | — | — | +19.1% | +10.4% | -1.6% | -0.2% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $101.0M | $101.0M | $125.0M | $104.0M | $110.0M | $103.0M | $133.0M | $116.0M |
| YoY | — | — | — | — | +8.9% | +2.0% | +6.4% | +11.5% |
| Operating income | $406.0M | $339.0M | $179.0M | $413.0M | $505.0M | $341.0M | $162.0M | $372.0M |
| YoY | — | — | — | — | +24.4% | +0.6% | -9.5% | -9.9% |
| Pretax income | $374.0M | $293.0M | $132.0M | $365.0M | $450.0M | $279.0M | $117.0M | $320.0M |
| YoY | — | — | — | — | +20.3% | -4.8% | -11.4% | -12.3% |
| Income tax | $77.0M | $46.0M | $28.0M | $73.0M | $89.0M | $46.0M | $38.0M | $64.0M |
| YoY | — | — | — | — | +15.6% | +0.0% | +35.7% | -12.3% |
| Net income | $363.0M | $294.0M | $116.0M | $328.0M | $414.0M | $279.0M | $1.5B | $251.0M |
| YoY | — | — | — | — | +14.0% | -5.1% | +1204.3% | -23.5% |
| EPS — basic | $5.93 | — | $1.91 | $5.44 | $6.86 | — | $25.11 | $4.18 |
| YoY | — | — | — | — | +15.7% | — | +1214.7% | -23.2% |
| EPS — diluted | $5.91 | — | $1.90 | $5.43 | $6.85 | — | $25.06 | $4.17 |
| YoY | — | — | — | — | +15.9% | — | +1218.9% | -23.2% |
| Weighted shares — basic | 61.1M | — | 60.9M | 60.3M | 60.3M | — | 60.3M | 60.1M |
| Weighted shares — diluted | 61.3M | — | 61.0M | 60.4M | 60.4M | — | 60.4M | 60.2M |
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 | $52.0M | $670.0M | $101.0M | $225.0M | $57.0M | $67.0M | $273.0M | $112.0M |
| YoY | — | — | — | — | +9.6% | -90.0% | +170.3% | -50.2% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $916.0M | $678.0M | $733.0M | $904.0M | $984.0M | $723.0M | $780.0M | $1.0B |
| YoY | — | — | — | — | +7.4% | +6.6% | +6.4% | +12.8% |
| Inventory | $1.1B | $1.0B | $1.2B | $1.2B | $1.0B | $1.1B | $1.2B | $1.2B |
| YoY | — | — | — | — | -5.1% | +5.9% | +3.4% | +1.2% |
| Total current assets | $2.3B | $2.4B | $2.1B | $2.4B | $3.4B | $3.2B | $2.4B | $2.4B |
| YoY | — | — | — | — | +47.6% | +30.4% | +12.0% | +2.2% |
| Total assets | $16.5B | $18.2B | $17.7B | $18.1B | $18.7B | $18.7B | $20.5B | $21.3B |
| YoY | — | — | — | — | +13.3% | +3.0% | +15.6% | +17.9% |
| Total current liabilities | $993.0M | $1.0B | $935.0M | $1.0B | $1.2B | $895.0M | $1.0B | $1.7B |
| YoY | — | — | — | — | +16.2% | -10.7% | +10.6% | +70.7% |
| Total liabilities | $7.3B | $8.7B | $8.6B | $8.7B | $8.9B | $8.7B | $9.2B | $9.8B |
| YoY | — | — | — | — | +22.2% | -0.4% | +6.5% | +12.1% |
| Total equity | $9.2B | $9.5B | $9.1B | $9.4B | $9.7B | $10.0B | $11.3B | $11.5B |
| YoY | — | — | — | — | +6.2% | +6.1% | +24.4% | +23.3% |
| Shares outstanding | 61.1M | 61.1M | 60.3M | 60.3M | 60.3M | 60.3M | 60.0M | 60.1M |
| YoY | — | — | — | — | -1.3% | -1.3% | -0.5% | -0.3% |
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 | $600.0M | $686.0M | $218.0M | $387.0M | $551.0M | $629.0M | $227.0M | $112.0M |
| YoY | — | — | — | — | -8.2% | -8.3% | +4.1% | -71.1% |
| Capital expenditures | $283.0M | $233.0M | $233.0M | $179.0M | $190.0M | $205.0M | $186.0M | $128.0M |
| YoY | — | — | — | — | -32.9% | -12.0% | -20.2% | -28.5% |
| Free cash flow | $317.0M | $453.0M | $-15.0M | $208.0M | $361.0M | $424.0M | $41.0M | $-16.0M |
| YoY | — | — | — | — | +13.9% | -6.4% | +373.3% | -107.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | $450.0M | $0 | $0 | $0 | $200.0M | $0 |
| YoY | — | — | — | — | — | — | -55.6% | — |
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 | 31.2% | 30.0% | 27.1% | 30.8% | 33.1% | 30.5% | 22.8% | 25.4% |
| Operating margin | 24.7% | 24.0% | 15.4% | 25.7% | 27.4% | 22.2% | 11.9% | 19.1% |
| Net margin | 22.1% | 20.8% | 10.0% | 20.4% | 22.4% | 18.2% | 111.1% | 12.9% |
| Free cash flow margin | 19.3% | 32.1% | -1.3% | 12.9% | 19.6% | 27.6% | 3.0% | -0.8% |
| Effective tax rate | 20.6% | 15.7% | 21.2% | 20.0% | 19.8% | 16.5% | 32.5% | 20.0% |
| Current ratio | 2.34x | 2.44x | 2.25x | 2.35x | 2.97x | 3.57x | 2.28x | 1.41x |
| Total liabilities / equity | 0.80x | 0.92x | 0.95x | 0.93x | 0.92x | 0.86x | 0.81x | 0.85x |
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.