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 | $36.5B | $41.5B | $34.7B | $30.7B | $32.5B |
| YoY | — | +13.8% | -16.4% | -11.5% | +5.7% |
| Cost of goods sold | $25.5B | $29.0B | $26.9B | $26.6B | $28.6B |
| YoY | — | +13.9% | -7.3% | -1.0% | +7.4% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $1.7B | $2.0B | $1.6B | $1.1B | $1.2B |
| YoY | — | +17.0% | -20.6% | -29.1% | +8.5% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $9.2B | $10.2B | $6.3B | $2.9B | $2.6B |
| YoY | — | +11.3% | -38.8% | -53.7% | -11.5% |
| Income tax | $2.1B | $2.2B | $1.4B | $583.0M | $530.0M |
| YoY | — | +4.2% | -37.2% | -57.1% | -9.1% |
| Net income | $6.8B | $7.6B | $4.5B | $2.0B | $1.7B |
| YoY | — | +11.4% | -40.5% | -55.2% | -14.0% |
| EPS — basic | $23.23 | $28.88 | $18.05 | $8.47 | $7.53 |
| YoY | — | +24.3% | -37.5% | -53.1% | -11.1% |
| EPS — diluted | $23.16 | $28.79 | $18.00 | $8.46 | $7.52 |
| YoY | — | +24.3% | -37.5% | -53.0% | -11.1% |
| Weighted shares — basic | 292.5M | 262.3M | 249.8M | 238.3M | 230.7M |
| Weighted shares — diluted | 293.4M | 263.2M | 250.4M | 238.5M | 231.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $2.4B | $4.3B | $6.4B | $3.6B | $2.3B |
| YoY | — | +81.0% | +49.1% | -44.3% | -36.5% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $3.9B | $3.6B | $3.0B | $2.7B | $3.1B |
| YoY | — | -6.8% | -17.8% | -9.4% | +16.1% |
| Inventory | $6.0B | $5.5B | $5.6B | $5.1B | $5.5B |
| YoY | — | -9.3% | +2.3% | -8.5% | +7.0% |
| Total current assets | $12.8B | $14.7B | $16.4B | $12.5B | $11.8B |
| YoY | — | +14.8% | +11.5% | -23.9% | -5.7% |
| Total assets | $25.8B | $32.5B | $35.3B | $33.9B | $35.1B |
| YoY | — | +25.8% | +8.8% | -4.0% | +3.4% |
| Total current liabilities | $5.2B | $4.3B | $4.6B | $5.0B | $4.0B |
| YoY | — | -16.0% | +6.1% | +8.3% | -19.5% |
| Total liabilities | $11.2B | $12.9B | $13.2B | $12.5B | $13.0B |
| YoY | — | +15.1% | +2.4% | -5.3% | +3.6% |
| Total equity | $14.0B | $18.4B | $20.9B | $20.3B | $20.9B |
| YoY | — | +31.4% | +13.7% | -3.1% | +3.2% |
| 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 | $6.2B | $10.1B | $7.1B | $4.0B | $3.2B |
| YoY | — | +61.6% | -29.4% | -44.1% | -18.7% |
| Capital expenditures | $1.6B | $1.9B | $2.2B | $3.2B | $3.4B |
| YoY | — | +20.1% | +13.7% | +43.3% | +7.8% |
| Free cash flow | $4.6B | $8.1B | $4.9B | $806.0M | $-188.0M |
| YoY | — | +76.3% | -39.7% | -83.5% | -123.3% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $3.3B | $2.8B | $1.6B | $2.2B | $700.0M |
| YoY | — | -15.7% | -43.8% | +42.7% | -68.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 18.7% | 18.3% | 13.0% | 6.6% | 5.4% |
| Free cash flow margin | 12.6% | 19.6% | 14.1% | 2.6% | -0.6% |
| Effective tax rate | 22.6% | 21.1% | 21.7% | 20.1% | 20.6% |
| Current ratio | 2.48x | 3.39x | 3.57x | 2.51x | 2.94x |
| Total liabilities / equity | 0.80x | 0.70x | 0.63x | 0.62x | 0.62x |
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 |
|---|---|---|---|---|---|---|
| NUE FY25 · this stock | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| 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% |
| MOS FY25 | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | -4.4% |
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.