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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2B | $10.5B | $11.1B | $11.5B | $12.1B | $12.2B | $12.6B | $12.9B |
| YoY | — | — | — | — | +17.6% | +16.2% | +13.4% | +11.8% |
| Cost of goods sold | $5.8B | $5.3B | $5.3B | $6.2B | $6.5B | $5.9B | $6.0B | $6.1B |
| YoY | — | — | — | — | +13.1% | +11.9% | +13.4% | -1.4% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $776.5M | $822.8M | $824.7M | $853.6M | $890.3M | $959.7M | $1.0B | $1.0B |
| YoY | — | — | — | — | +14.7% | +16.6% | +22.2% | +21.0% |
| Selling, general & administrative | $1.4B | $1.1B | $1.2B | $1.2B | $1.7B | $1.4B | $1.3B | $1.3B |
| YoY | — | — | — | — | +17.6% | +30.2% | +14.6% | +4.8% |
| Operating income | $2.3B | $3.3B | $3.8B | $3.2B | $3.0B | $4.0B | $4.2B | $4.5B |
| YoY | — | — | — | — | +30.1% | +18.2% | +11.1% | +37.3% |
| Pretax income | $2.1B | $3.2B | $3.6B | $3.1B | $2.8B | $6.5B | $4.1B | $4.3B |
| YoY | — | — | — | — | +29.7% | +103.7% | +12.0% | +38.8% |
| Income tax | $265.7M | $323.4M | $506.3M | $562.5M | $349.2M | $1.3B | $667.2M | $653.0M |
| YoY | — | — | — | — | +31.4% | +290.9% | +31.8% | +16.1% |
| Net income | $1.9B | $2.9B | $3.1B | $2.5B | $2.4B | $5.3B | $3.4B | $3.7B |
| YoY | — | — | — | — | +29.4% | +82.8% | +8.8% | +43.9% |
| EPS — basic | — | $0.68 | $0.74 | $0.60 | — | $1.25 | $0.81 | $0.89 |
| YoY | — | — | — | — | — | +83.8% | +9.5% | +48.3% |
| EPS — diluted | — | $0.66 | $0.72 | $0.59 | — | $1.23 | $0.80 | $0.87 |
| YoY | — | — | — | — | — | +86.4% | +11.1% | +47.5% |
| Weighted shares — basic | — | 4.27B | 4.25B | 4.24B | — | 4.22B | 4.19B | 4.13B |
| Weighted shares — diluted | — | 4.37B | 4.35B | 4.34B | — | 4.30B | 4.26B | 4.20B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.8B | $7.2B | $8.2B | $9.3B | $9.0B | $12.3B | $9.1B | $8.2B |
| YoY | — | — | — | — | +15.7% | +70.3% | +11.3% | -11.8% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $13.1B | $11.7B | $12.0B | $13.0B | $13.0B | $17.1B | $13.9B | $13.2B |
| YoY | — | — | — | — | -0.6% | +45.9% | +15.5% | +2.0% |
| Total assets | $53.6B | $52.1B | $53.1B | $54.9B | $55.6B | $61.0B | $58.5B | $58.7B |
| YoY | — | — | — | — | +3.7% | +17.1% | +10.1% | +6.8% |
| Total current liabilities | $10.8B | $9.7B | $8.9B | $9.7B | $11.0B | $12.1B | $12.1B | $12.3B |
| YoY | — | — | — | — | +2.1% | +24.8% | +35.7% | +26.4% |
| Total liabilities | $28.9B | $28.1B | $28.1B | $29.0B | $29.0B | $29.9B | $28.3B | $29.4B |
| YoY | — | — | — | — | +0.3% | +6.5% | +0.5% | +1.4% |
| Total equity | $24.7B | $24.0B | $25.0B | $26.0B | $26.6B | $31.1B | $30.2B | $29.3B |
| YoY | — | — | — | — | +7.6% | +29.5% | +20.8% | +12.8% |
| Shares outstanding | 4.28B | 425.7M | 424.9M | 423.7M | 4.22B | 4.21B | 4.16B | 4.11B |
| YoY | — | — | — | — | -1.3% | +889.6% | +880.0% | +869.2% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.5B | $2.8B | $2.4B | $2.8B | $2.1B | $5.3B | $1.7B | $3.2B |
| YoY | — | — | — | — | +37.4% | +89.7% | -28.0% | +11.9% |
| Capital expenditures | $158.7M | $128.3M | $155.9M | $164.7M | $239.3M | $196.1M | $218.6M | $278.8M |
| YoY | — | — | — | — | +50.8% | +52.8% | +40.2% | +69.3% |
| Free cash flow | $1.4B | $2.7B | $2.3B | $2.7B | $1.9B | $5.1B | $1.5B | $2.9B |
| YoY | — | — | — | — | +35.9% | +91.4% | -32.7% | +8.4% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $963.7M | $3.5B | $1.7B | $1.9B | $2.1B | $1.3B | $4.7B | $4.8B |
| YoY | — | — | — | — | +115.8% | -64.1% | +185.0% | +158.3% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 22.2% | 31.7% | 34.1% | 28.2% | 24.5% | 32.3% | 33.4% | 34.6% |
| Net margin | 18.2% | 27.4% | 28.2% | 22.1% | 20.1% | 43.1% | 27.1% | 28.5% |
| Free cash flow margin | 13.5% | 25.2% | 20.5% | 23.1% | 15.5% | 41.6% | 12.1% | 22.4% |
| Effective tax rate | 12.4% | 10.1% | 13.9% | 18.1% | 12.6% | 19.3% | 16.4% | 15.1% |
| Current ratio | 1.22x | 1.20x | 1.34x | 1.33x | 1.19x | 1.41x | 1.14x | 1.07x |
| Total liabilities / equity | 1.17x | 1.17x | 1.13x | 1.12x | 1.09x | 0.96x | 0.94x | 1.00x |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| NFLX FY25 · this stock | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| T FY25 | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
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.