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 | — | — | $2.6B | $3.0B | — | — | $3.0B | $2.8B |
| YoY | — | — | — | — | — | — | +14.4% | -6.0% |
| Cost of goods sold | $2.4B | $2.5B | $2.1B | $2.5B | $2.9B | $2.6B | $2.8B | $2.6B |
| YoY | — | — | — | — | +21.1% | +4.7% | +29.5% | +4.9% |
| Gross profit | $416.8M | $301.9M | $488.4M | $518.6M | $552.3M | $342.6M | $235.6M | $214.7M |
| YoY | — | — | — | — | +32.5% | +13.5% | -51.8% | -58.6% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $148.2M | $113.5M | $122.6M | $167.2M | $125.5M | $118.6M | $135.9M | $131.6M |
| YoY | — | — | — | — | -15.3% | +4.5% | +10.8% | -21.3% |
| Operating income | $115.4M | $99.9M | $338.5M | $244.4M | $339.8M | $-101.2M | $-372.9M | $-35.5M |
| YoY | — | — | — | — | +194.5% | -201.3% | -210.2% | -114.5% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $48.0M | $33.8M | $63.3M | $146.0M | $175.5M | $255.0M | $-31.0M | $-33.8M |
| YoY | — | — | — | — | +265.6% | +654.4% | -149.0% | -123.2% |
| Net income | $122.2M | $169.0M | $238.1M | $410.7M | $411.4M | $-519.5M | $-257.6M | $-272.8M |
| YoY | — | — | — | — | +236.7% | -407.4% | -208.2% | -166.4% |
| EPS — basic | $0.38 | — | $0.75 | $1.29 | $1.30 | — | $-0.81 | $-0.86 |
| YoY | — | — | — | — | +242.1% | — | -208.0% | -166.7% |
| EPS — diluted | $0.38 | — | $0.75 | $1.29 | $1.29 | — | $-0.81 | $-0.86 |
| YoY | — | — | — | — | +239.5% | — | -208.0% | -166.7% |
| Weighted shares — basic | 318.4M | — | 317.0M | 317.3M | 317.4M | — | 317.5M | 317.9M |
| Weighted shares — diluted | 319.4M | — | 318.2M | 319.0M | 319.4M | — | 317.5M | 317.9M |
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 | $301.6M | $272.8M | $259.2M | $286.2M | $153.3M | $276.6M | $281.8M | $294.0M |
| YoY | — | — | — | — | -49.2% | +1.4% | +8.7% | +2.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $860.1M |
| YoY | — | — | — | — | +2.8% | -3.1% | -4.8% | -22.8% |
| Inventory | $2.9B | $2.5B | $2.8B | $3.1B | $3.3B | $3.4B | $3.4B | $3.7B |
| YoY | — | — | — | — | +12.2% | +32.0% | +23.0% | +19.6% |
| Total current assets | $5.0B | $4.5B | $4.6B | $5.0B | $5.1B | $5.2B | $5.3B | $5.4B |
| YoY | — | — | — | — | +2.1% | +16.4% | +16.2% | +8.2% |
| Total assets | $23.3B | $22.9B | $23.2B | $24.3B | $24.7B | $24.5B | $24.6B | $24.6B |
| YoY | — | — | — | — | +5.9% | +6.8% | +6.1% | +1.4% |
| Total current liabilities | $4.2B | $4.2B | $4.1B | $4.4B | $4.4B | $4.0B | $4.3B | $4.1B |
| YoY | — | — | — | — | +6.6% | -4.5% | +4.8% | -8.0% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $11.8B | $11.5B | $11.8B | $12.4B | $12.8B | $12.1B | $11.8B | $11.5B |
| YoY | — | — | — | — | +8.2% | +5.2% | +0.3% | -7.8% |
| Shares outstanding | 317.9M | 316.9M | 317.2M | 317.3M | 317.4M | 317.4M | 317.8M | 317.9M |
| YoY | — | — | — | — | -0.2% | +0.2% | +0.2% | +0.2% |
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 | $312.9M | $219.3M | $42.9M | $609.5M | $228.5M | $-56.1M | $104.2M | $167.4M |
| YoY | — | — | — | — | -27.0% | -125.6% | +142.9% | -72.5% |
| Capital expenditures | $240.8M | $294.1M | $340.8M | $304.6M | $364.4M | $349.6M | $356.8M | $320.3M |
| YoY | — | — | — | — | +51.3% | +18.9% | +4.7% | +5.2% |
| Free cash flow | $72.1M | $-74.8M | $-297.9M | $304.9M | $-135.9M | $-405.7M | $-252.6M | $-152.9M |
| YoY | — | — | — | — | -288.5% | -442.4% | +15.2% | -150.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $50.0M | $25.0M | $0 | $0 | $0 | $0 | — | — |
| YoY | — | — | — | — | -100.0% | -100.0% | — | — |
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 | — | — | 18.6% | 17.3% | — | — | 7.9% | 7.6% |
| Operating margin | — | — | 12.9% | 8.1% | — | — | -12.4% | -1.3% |
| Net margin | — | — | 9.1% | 13.7% | — | — | -8.6% | -9.7% |
| Free cash flow margin | — | — | -11.4% | 10.1% | — | — | -8.4% | -5.4% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 1.19x | 1.08x | 1.12x | 1.14x | 1.14x | 1.32x | 1.25x | 1.34x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| MOS FY25 · this stock | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | -4.4% |
| 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.