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 | $6.3B | $6.0B | $5.3B | $6.1B | $6.1B | $5.8B | $5.4B | $6.1B |
| YoY | — | — | — | — | -3.0% | -2.1% | +3.2% | +0.1% |
| Cost of goods sold | $1.5B | $1.5B | $1.3B | $1.4B | $1.4B | $1.4B | $1.3B | $1.5B |
| YoY | — | — | — | — | -6.3% | -3.6% | -1.4% | +6.7% |
| Gross profit | $3.8B | $3.6B | $3.2B | $3.9B | $3.8B | $3.6B | $3.5B | $3.8B |
| YoY | — | — | — | — | +0.1% | +0.7% | +7.9% | -0.8% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $3.2B | $2.9B | $1.8B | $3.2B | $3.2B | $1.7B | $3.0B | $3.1B |
| YoY | — | — | — | — | +2.5% | -42.7% | +65.3% | -2.9% |
| Pretax income | $3.0B | $2.8B | $1.7B | $3.1B | $3.1B | $1.5B | $2.9B | $2.9B |
| YoY | — | — | — | — | +1.6% | -45.5% | +69.9% | -6.1% |
| Income tax | $733.0M | $-262.0M | $606.0M | $740.0M | $700.0M | $396.0M | $676.0M | $631.0M |
| YoY | — | — | — | — | -4.5% | +251.1% | +11.6% | -14.7% |
| Net income | $2.3B | $3.0B | $1.1B | $2.4B | $2.4B | $1.1B | $2.2B | $2.3B |
| YoY | — | — | — | — | +3.6% | -63.2% | +102.7% | -3.4% |
| EPS — basic | $1.34 | — | $0.63 | $1.41 | $1.41 | — | $1.30 | $1.37 |
| YoY | — | — | — | — | +5.2% | — | +106.3% | -2.8% |
| EPS — diluted | $1.34 | — | $0.63 | $1.41 | $1.41 | — | $1.30 | $1.37 |
| YoY | — | — | — | — | +5.2% | — | +106.3% | -2.8% |
| Weighted shares — basic | 1.70B | — | 1.69B | 1.68B | 1.68B | — | 1.67B | 1.67B |
| Weighted shares — diluted | 1.70B | — | 1.69B | 1.68B | 1.68B | — | 1.67B | 1.67B |
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 | $1.9B | $3.1B | $4.7B | $1.3B | $3.5B | $4.5B | $3.5B | $2.4B |
| YoY | — | — | — | — | +83.0% | +43.1% | -25.3% | +83.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $87.0M | $177.0M | $258.0M | $241.0M | $249.0M | $263.0M | $284.0M | $306.0M |
| YoY | — | — | — | — | +186.2% | +48.6% | +10.1% | +27.0% |
| Inventory | $1.1B | $1.1B | $1.1B | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B |
| YoY | — | — | — | — | -3.3% | -0.9% | +7.9% | +4.3% |
| Total current assets | $3.5B | $4.5B | $6.1B | $2.6B | $5.1B | $5.9B | $5.2B | $4.0B |
| YoY | — | — | — | — | +46.3% | +31.4% | -14.4% | +52.8% |
| Total assets | $34.2B | $35.2B | $35.8B | $32.3B | $35.0B | $35.0B | $34.6B | $33.4B |
| YoY | — | — | — | — | +2.5% | -0.5% | -3.3% | +3.2% |
| Total current liabilities | $8.0B | $8.8B | $10.7B | $6.8B | $8.3B | $9.2B | $8.4B | $7.8B |
| YoY | — | — | — | — | +3.6% | +4.2% | -21.1% | +14.5% |
| Total liabilities | $37.6B | $37.4B | $39.2B | $35.5B | $37.6B | $38.5B | $37.7B | $36.0B |
| YoY | — | — | — | — | +0.1% | +3.0% | -3.8% | +1.3% |
| Total equity | $-3.5B | $-2.2B | $-3.5B | $-3.3B | $-2.6B | $-3.5B | $-3.2B | $-2.7B |
| YoY | — | — | — | — | +23.7% | -56.5% | +8.5% | +18.1% |
| Shares outstanding | — | 1.69B | — | — | — | 1.67B | — | — |
| YoY | — | — | — | — | — | -1.0% | — | — |
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 | $2.6B | $3.3B | $2.7B | $205.0M | $3.1B | $3.3B | $2.3B | $719.0M |
| YoY | — | — | — | — | +18.5% | -2.1% | -14.6% | +250.7% |
| Capital expenditures | $31.0M | $47.0M | $38.0M | $32.0M | $54.0M | $92.0M | $93.0M | $57.0M |
| YoY | — | — | — | — | +74.2% | +95.7% | +144.7% | +78.1% |
| Free cash flow | $2.6B | $3.3B | $2.7B | $173.0M | $3.0B | $3.2B | $2.2B | $662.0M |
| YoY | — | — | — | — | +17.8% | -3.5% | -16.8% | +282.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $680.0M | $310.0M | $326.0M | $274.0M | $112.0M | $288.0M | $280.0M | $55.0M |
| YoY | — | — | — | — | -83.5% | -7.1% | -14.1% | -79.9% |
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 | 60.8% | 60.3% | 61.8% | 63.1% | 62.8% | 62.1% | 64.6% | 62.5% |
| Operating margin | 50.4% | 48.2% | 34.0% | 52.9% | 53.2% | 28.2% | 54.5% | 51.3% |
| Net margin | 36.6% | 50.9% | 20.5% | 39.0% | 39.1% | 19.1% | 40.2% | 37.6% |
| Free cash flow margin | 41.2% | 55.1% | 51.0% | 2.8% | 50.1% | 54.4% | 41.1% | 10.8% |
| Effective tax rate | 24.2% | -9.4% | 36.0% | 23.7% | 22.8% | 26.2% | 23.6% | 21.5% |
| Current ratio | 0.44x | 0.51x | 0.57x | 0.39x | 0.62x | 0.65x | 0.62x | 0.52x |
| Total liabilities / equity | -10.84x | -16.70x | -11.17x | -10.91x | -14.21x | -10.98x | -11.75x | -13.49x |
Peer comparison — latest full year
Same sector (Consumer Staples), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| MO FY25 · this stock | $23.3B | -3.1% | 62.5% | 42.5% | 29.8% | 39.0% |
| WMT FY26 | $713.2B | +4.7% | — | 4.2% | 3.1% | 2.1% |
| COST FY26 | $303.2B | +10.1% | — | 3.9% | 3.0% | 3.1% |
| KR FY26 | $147.6B | +0.4% | — | 1.3% | 0.7% | — |
| PEP FY25 | $93.9B | +2.3% | 54.1% | 12.2% | 8.8% | — |
| PG FY26 | $87.0B | +3.3% | — | 22.7% | 18.4% | 17.4% |
| SYY FY26 | $84.6B | +3.9% | 18.5% | 3.7% | 2.1% | — |
| ADM FY25 | $80.3B | -6.2% | 6.3% | — | 1.3% | 5.2% |
| TSN FY25 | $54.4B | +2.1% | 6.5% | 2.0% | 0.9% | 2.2% |
| KO FY25 | $47.9B | +1.9% | 61.6% | 28.7% | 27.3% | 11.0% |
| PM FY25 | $40.6B | +7.3% | 67.1% | 36.6% | 27.9% | 26.2% |
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.