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 | $29.7B | $31.6B | $33.7B | $39.0B | $45.2B |
| YoY | — | +6.5% | +6.7% | +15.7% | +15.9% |
| Cost of goods sold | $17.3B | $19.2B | $19.7B | $21.0B | $23.3B |
| YoY | — | +10.6% | +2.9% | +6.7% | +10.6% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $2.3B | $2.7B | $2.7B | $2.9B | $3.4B |
| YoY | — | +19.2% | -1.3% | +9.3% | +15.9% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $6.2B | $5.6B | $7.0B | $10.4B | $13.3B |
| YoY | — | -9.1% | +23.5% | +49.8% | +27.9% |
| Pretax income | $5.8B | $5.3B | $6.2B | $10.0B | $12.7B |
| YoY | — | -9.9% | +17.9% | +60.6% | +27.7% |
| Income tax | $723.9M | $772.0M | $797.4M | $1.3B | $1.7B |
| YoY | — | +6.6% | +3.3% | +57.3% | +38.9% |
| Net income | $5.1B | $4.5B | $5.4B | $8.7B | $11.0B |
| YoY | — | -12.2% | +20.4% | +61.1% | +26.1% |
| EPS — basic | $11.55 | $10.10 | $1.22 | $2.03 | $2.58 |
| YoY | — | -12.6% | -87.9% | +66.4% | +27.1% |
| EPS — diluted | $11.24 | $9.95 | $1.20 | $1.98 | $2.53 |
| YoY | — | -11.5% | -87.9% | +65.0% | +27.8% |
| Weighted shares — basic | 443.2M | 444.7M | 4.42B | 4.30B | 4.25B |
| Weighted shares — diluted | 455.4M | 451.3M | 4.50B | 4.39B | 4.34B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $6.0B | $5.1B | $7.1B | $7.8B | $9.0B |
| YoY | — | -14.6% | +38.3% | +9.7% | +15.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $8.1B | $9.3B | $9.9B | $13.1B | $13.0B |
| YoY | — | +14.8% | +7.0% | +32.1% | -0.6% |
| Total assets | $44.6B | $48.6B | $48.7B | $53.6B | $55.6B |
| YoY | — | +9.0% | +0.3% | +10.1% | +3.7% |
| Total current liabilities | $8.5B | $7.9B | $8.9B | $10.8B | $11.0B |
| YoY | — | -6.6% | +11.7% | +21.4% | +2.1% |
| Total liabilities | $28.7B | $27.8B | $28.1B | $28.9B | $29.0B |
| YoY | — | -3.2% | +1.2% | +2.6% | +0.3% |
| Total equity | $15.8B | $20.8B | $20.6B | $24.7B | $26.6B |
| YoY | — | +31.1% | -0.9% | +20.2% | +7.6% |
| Shares outstanding | 444.0M | 445.3M | 432.8M | 4.28B | 4.22B |
| YoY | — | +0.3% | -2.8% | +888.4% | -1.3% |
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 | $392.6M | $2.0B | $7.3B | $7.4B | $10.1B |
| YoY | — | +416.1% | +259.0% | +1.2% | +37.9% |
| Capital expenditures | $524.6M | $407.7M | $348.6M | $439.5M | $688.2M |
| YoY | — | -22.3% | -14.5% | +26.1% | +56.6% |
| Free cash flow | $-132.0M | $1.6B | $6.9B | $6.9B | $9.5B |
| YoY | — | +1326.2% | +327.9% | -0.1% | +36.7% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $600.0M | $0 | $6.0B | $6.3B | $9.1B |
| YoY | — | -100.0% | — | +3.6% | +45.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 20.9% | 17.8% | 20.6% | 26.7% | 29.5% |
| Net margin | 17.2% | 14.2% | 16.0% | 22.3% | 24.3% |
| Free cash flow margin | -0.4% | 5.1% | 20.5% | 17.7% | 20.9% |
| Effective tax rate | 12.4% | 14.7% | 12.9% | 12.6% | 13.7% |
| Current ratio | 0.95x | 1.17x | 1.12x | 1.22x | 1.19x |
| Total liabilities / equity | 1.81x | 1.34x | 1.37x | 1.17x | 1.09x |
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.