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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $198.3B | $211.9B | $245.1B | $281.7B | $331.8B |
| YoY | — | +6.9% | +15.7% | +14.9% | +17.8% |
| Cost of goods sold | $62.6B | $65.9B | $74.1B | $87.8B | $106.4B |
| YoY | — | +5.1% | +12.5% | +18.5% | +21.1% |
| Gross profit | $135.6B | $146.1B | $171.0B | $193.9B | $225.5B |
| YoY | — | +7.7% | +17.1% | +13.4% | +16.3% |
| Research & development | $24.5B | $27.2B | $29.5B | $32.5B | $35.6B |
| YoY | — | +10.9% | +8.5% | +10.1% | +9.5% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $83.4B | $88.5B | $109.4B | $128.5B | $155.2B |
| YoY | — | +6.2% | +23.6% | +17.4% | +20.8% |
| Pretax income | $83.7B | $89.3B | $107.8B | $123.6B | $165.9B |
| YoY | — | +6.7% | +20.7% | +14.7% | +34.2% |
| Income tax | $11.0B | $16.9B | $19.7B | $21.8B | $32.2B |
| YoY | — | +54.4% | +15.9% | +10.9% | +47.7% |
| Net income | $72.7B | $72.4B | $88.1B | $101.8B | $133.7B |
| YoY | — | -0.5% | +21.8% | +15.5% | +31.3% |
| EPS — basic | $9.70 | $9.72 | $11.86 | $13.70 | $18.00 |
| YoY | — | +0.2% | +22.0% | +15.5% | +31.4% |
| EPS — diluted | $9.65 | $9.68 | $11.80 | $13.64 | $17.95 |
| YoY | — | +0.3% | +21.9% | +15.6% | +31.6% |
| Weighted shares — basic | 7.50B | 7.45B | 7.43B | 7.43B | 7.43B |
| Weighted shares — diluted | 7.54B | 7.47B | 7.47B | 7.46B | 7.45B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $13.9B | $34.7B | $18.3B | $30.2B | $20.9B |
| YoY | — | +149.1% | -47.2% | +65.1% | -30.8% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $44.3B | $48.7B | $56.9B | $69.9B | $80.9B |
| YoY | — | +10.0% | +16.9% | +22.8% | +15.7% |
| Inventory | $3.7B | $2.5B | $1.2B | $938.0M | $1.4B |
| YoY | — | -33.2% | -50.2% | -24.7% | +48.9% |
| Total current assets | $169.7B | $184.3B | $159.7B | $191.1B | $207.7B |
| YoY | — | +8.6% | -13.3% | +19.7% | +8.7% |
| Total assets | $364.8B | $412.0B | $512.2B | $619.0B | $758.4B |
| YoY | — | +12.9% | +24.3% | +20.9% | +22.5% |
| Total current liabilities | $95.1B | $104.1B | $125.3B | $141.2B | $168.8B |
| YoY | — | +9.5% | +20.3% | +12.7% | +19.5% |
| Total liabilities | $198.3B | $205.8B | $243.7B | $275.5B | $316.0B |
| YoY | — | +3.8% | +18.4% | +13.1% | +14.7% |
| Total equity | $166.5B | $206.2B | $268.5B | $343.5B | $442.4B |
| YoY | — | +23.8% | +30.2% | +27.9% | +28.8% |
| Shares outstanding | 7.46B | 7.43B | 7.43B | 7.43B | 7.43B |
| YoY | — | -0.4% | +0.0% | +0.0% | -0.1% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $89.0B | $87.6B | $118.5B | $136.2B | $182.9B |
| YoY | — | -1.6% | +35.4% | +14.9% | +34.4% |
| Capital expenditures | $23.9B | $28.1B | $44.5B | $64.6B | $115.9B |
| YoY | — | +17.7% | +58.2% | +45.1% | +79.6% |
| Free cash flow | $65.1B | $59.5B | $74.1B | $71.6B | $67.0B |
| YoY | — | -8.7% | +24.5% | -3.3% | -6.5% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $32.7B | $22.2B | $17.3B | $18.4B | $22.3B |
| YoY | — | -32.0% | -22.4% | +6.8% | +20.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | 68.4% | 68.9% | 69.8% | 68.8% | 67.9% |
| Operating margin | 42.1% | 41.8% | 44.6% | 45.6% | 46.8% |
| Net margin | 36.7% | 34.1% | 36.0% | 36.1% | 40.3% |
| Free cash flow margin | 32.9% | 28.1% | 30.2% | 25.4% | 20.2% |
| Effective tax rate | 13.1% | 19.0% | 18.2% | 17.6% | 19.4% |
| Current ratio | 1.78x | 1.77x | 1.27x | 1.35x | 1.23x |
| Total liabilities / equity | 1.19x | 1.00x | 0.91x | 0.80x | 0.71x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| MSFT FY26 · this stock | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
| CRM FY26 | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
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.