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.
| Q3 '24 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4B | $7.1B | $7.8B | $8.5B | $8.5B | $7.7B | $9.5B | $10.4B |
| YoY | — | — | — | — | +14.5% | +8.6% | +21.3% | +23.0% |
| Cost of goods sold | $6.7B | $6.4B | $7.2B | $7.2B | $7.3B | $6.8B | $8.0B | $8.4B |
| YoY | — | — | — | — | +9.7% | +5.8% | +10.7% | +15.6% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $244.0M | $240.0M | $281.0M | $304.0M | $300.0M | $334.0M | $378.0M | $405.0M |
| YoY | — | — | — | — | +23.0% | +39.2% | +34.5% | +33.2% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $389.0M | $390.0M | $285.0M | $899.0M | $883.0M | $501.0M | $1.1B | $1.6B |
| YoY | — | — | — | — | +127.0% | +28.5% | +284.6% | +80.8% |
| Income tax | $86.0M | $45.0M | $59.0M | $193.0M | $200.0M | $78.0M | $226.0M | $345.0M |
| YoY | — | — | — | — | +132.6% | +73.3% | +283.1% | +78.8% |
| Net income | $250.0M | $287.0M | $156.0M | $603.0M | $607.0M | $378.0M | $743.0M | $1.2B |
| YoY | — | — | — | — | +142.8% | +31.7% | +376.3% | +91.7% |
| EPS — basic | $1.05 | $1.22 | $0.67 | $2.60 | $2.63 | — | $3.23 | $5.05 |
| YoY | — | — | — | — | +150.5% | — | +382.1% | +94.2% |
| EPS — diluted | $1.05 | $1.22 | $0.67 | $2.60 | $2.63 | — | $3.23 | $5.04 |
| YoY | — | — | — | — | +150.5% | — | +382.1% | +93.8% |
| Weighted shares — basic | 236.5M | — | 232.7M | 230.6M | 229.9M | — | 228.9M | 228.2M |
| Weighted shares — diluted | 236.8M | — | 232.9M | 230.8M | 230.2M | — | 229.3M | 228.5M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.3B | $3.6B | $3.2B | $1.9B | $2.2B | $2.3B | $2.2B | $2.5B |
| YoY | — | — | — | — | -47.9% | -36.5% | -29.5% | +27.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.9B | $2.7B | $3.0B | $3.4B | $3.3B | $3.1B | $3.6B | $4.0B |
| YoY | — | — | — | — | +11.5% | +16.1% | +20.3% | +19.4% |
| Inventory | $5.1B | $5.1B | $5.3B | $5.5B | $5.4B | $5.5B | $5.6B | $6.0B |
| YoY | — | — | — | — | +5.2% | +7.0% | +7.4% | +10.2% |
| Total current assets | $13.5B | $12.5B | $12.8B | $11.7B | $11.8B | $11.8B | $12.1B | $13.2B |
| YoY | — | — | — | — | -12.7% | -5.7% | -5.3% | +12.3% |
| Total assets | $34.3B | $33.9B | $34.7B | $34.2B | $34.8B | $35.1B | $35.6B | $37.0B |
| YoY | — | — | — | — | +1.3% | +3.4% | +2.7% | +8.0% |
| Total current liabilities | $5.2B | $5.0B | $5.1B | $4.1B | $4.3B | $4.0B | $4.2B | $5.2B |
| YoY | — | — | — | — | -18.4% | -19.5% | -17.6% | +26.5% |
| Total liabilities | $12.8B | $12.5B | $13.6B | $12.7B | $12.8B | $13.0B | $13.1B | $13.7B |
| YoY | — | — | — | — | +0.4% | +3.6% | -3.7% | +7.6% |
| Total equity | $20.5B | $20.3B | $20.1B | $20.4B | $20.8B | $20.9B | $21.5B | $22.1B |
| YoY | — | — | — | — | +1.5% | +3.2% | +6.9% | +8.4% |
| 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.
| Q3 '24 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $733.0M | $364.0M | $732.0M | $1.3B | $799.0M | $886.0M | $1.4B |
| YoY | — | — | — | — | +2.9% | +9.0% | +143.4% | +91.3% |
| Capital expenditures | $823.0M | $879.0M | $859.0M | $954.0M | $807.0M | $802.0M | $661.0M | $571.0M |
| YoY | — | — | — | — | -1.9% | -8.8% | -23.1% | -40.1% |
| Free cash flow | $478.0M | $-146.0M | $-495.0M | $-222.0M | $532.0M | $-3.0M | $225.0M | $829.0M |
| YoY | — | — | — | — | +11.3% | +97.9% | +145.5% | +473.4% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $400.0M | $316.0M | $300.0M | $200.0M | $100.0M | $100.0M | $125.0M | $350.0M |
| YoY | — | — | — | — | -75.0% | -68.4% | -58.3% | +75.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 3.4% | 4.1% | 2.0% | 7.1% | 7.1% | 4.9% | 7.8% | 11.1% |
| Free cash flow margin | 6.4% | -2.1% | -6.3% | -2.6% | 6.2% | -0.0% | 2.4% | 8.0% |
| Effective tax rate | 22.1% | 11.5% | 20.7% | 21.5% | 22.7% | 15.6% | 20.6% | 21.2% |
| Current ratio | 2.59x | 2.51x | 2.52x | 2.83x | 2.77x | 2.94x | 2.90x | 2.51x |
| Total liabilities / equity | 0.62x | 0.62x | 0.68x | 0.62x | 0.62x | 0.62x | 0.61x | 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.