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 | $120.0B | $177.5B | $148.4B | $138.9B | $132.7B |
| YoY | — | +47.9% | -16.4% | -6.4% | -4.4% |
| Cost of goods sold | $110.0B | $151.7B | $128.6B | $126.2B | $119.4B |
| YoY | — | +37.9% | -15.2% | -1.8% | -5.4% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $2.5B | $2.8B | $3.0B | $3.2B | $3.3B |
| YoY | — | +9.3% | +9.6% | +6.0% | +4.0% |
| Operating income | $4.3B | $21.5B | $14.5B | $6.8B | $8.3B |
| YoY | — | +399.3% | -32.4% | -53.2% | +22.0% |
| Pretax income | $2.8B | $20.5B | $14.0B | $6.0B | $7.0B |
| YoY | — | +626.6% | -31.7% | -57.4% | +17.8% |
| Income tax | $264.0M | $4.5B | $2.8B | $890.0M | $1.1B |
| YoY | — | +1601.1% | -37.3% | -68.4% | +27.8% |
| Net income | $9.7B | $14.5B | $9.7B | $3.4B | $4.0B |
| YoY | — | +49.1% | -33.3% | -64.4% | +17.5% |
| EPS — basic | $15.34 | $28.31 | $23.73 | $10.11 | $13.24 |
| YoY | — | +84.6% | -16.2% | -57.4% | +31.0% |
| EPS — diluted | $15.24 | $28.12 | $23.63 | $10.08 | $13.22 |
| YoY | — | +84.5% | -16.0% | -57.3% | +31.2% |
| Weighted shares — basic | 634.0M | 512.0M | 407.0M | 340.0M | 305.0M |
| Weighted shares — diluted | 638.0M | 516.0M | 409.0M | 341.0M | 306.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $5.3B | $8.6B | $5.4B | $3.2B | $3.7B |
| YoY | — | +63.0% | -36.9% | -41.0% | +14.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $11.0B | $13.5B | $12.2B | $11.1B | $10.3B |
| YoY | — | +22.1% | -9.6% | -8.6% | -7.4% |
| Inventory | $8.1B | $8.8B | $9.3B | $9.6B | $10.1B |
| YoY | — | +9.6% | +5.6% | +2.7% | +5.9% |
| Total current assets | $30.5B | $35.2B | $32.1B | $24.4B | $24.8B |
| YoY | — | +15.6% | -8.8% | -23.9% | +1.4% |
| Total assets | $85.4B | $89.9B | $86.0B | $78.9B | $84.0B |
| YoY | — | +5.3% | -4.4% | -8.3% | +6.5% |
| Total current liabilities | $17.9B | $20.0B | $20.1B | $20.8B | $19.7B |
| YoY | — | +11.9% | +0.6% | +3.4% | -5.5% |
| Total liabilities | $51.8B | $54.8B | $54.6B | $54.4B | $59.9B |
| YoY | — | +5.8% | -0.4% | -0.4% | +10.2% |
| Total equity | $26.2B | $27.7B | $24.4B | $17.7B | $17.3B |
| YoY | — | +5.8% | -11.9% | -27.3% | -2.4% |
| 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 | $4.4B | $16.4B | $14.1B | $8.7B | $8.3B |
| YoY | — | +275.3% | -13.7% | -38.6% | -4.8% |
| Capital expenditures | $1.5B | $2.4B | $1.9B | $2.5B | $3.5B |
| YoY | — | +65.3% | -21.9% | +34.0% | +37.6% |
| Free cash flow | $2.9B | $13.9B | $12.2B | $6.1B | $4.8B |
| YoY | — | +381.4% | -12.3% | -49.8% | -22.3% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $4.7B | $11.9B | $11.6B | $9.2B | $3.5B |
| YoY | — | +156.2% | -2.9% | -20.6% | -62.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 3.6% | 12.1% | 9.8% | 4.9% | 6.2% |
| Net margin | 8.1% | 8.2% | 6.5% | 2.5% | 3.0% |
| Free cash flow margin | 2.4% | 7.9% | 8.2% | 4.4% | 3.6% |
| Effective tax rate | 9.4% | 21.9% | 20.1% | 14.9% | 16.2% |
| Current ratio | 1.70x | 1.76x | 1.59x | 1.17x | 1.26x |
| Total liabilities / equity | 1.98x | 1.98x | 2.24x | 3.06x | 3.46x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| MPC FY25 · this stock | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.