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.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | — | $22.4B | $17.7B | $21.7B | $33.6B |
| YoY | — | — | -21.0% | +22.7% | +55.0% |
| Cost of goods sold | $5.1B | $17.9B | $11.9B | $13.3B | $23.4B |
| YoY | — | — | -33.4% | +11.6% | +75.6% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.4B | $2.8B | $4.1B | $5.0B | $5.7B |
| YoY | — | — | +45.1% | +22.5% | +15.1% |
| Pretax income | $802.3M | $2.2B | $3.5B | $4.1B | $4.5B |
| YoY | — | — | +55.4% | +17.5% | +9.2% |
| Income tax | $189.5M | $528.0M | $838.0M | $998.0M | $1.0B |
| YoY | — | — | +58.7% | +19.1% | +3.0% |
| Net income | $612.8M | $1.7B | $2.7B | $3.0B | $3.4B |
| YoY | — | — | +54.4% | +14.1% | +11.8% |
| EPS — basic | $1.42 | $3.85 | $5.49 | $5.19 | $5.43 |
| YoY | — | — | +42.6% | -5.5% | +4.6% |
| EPS — diluted | $1.42 | $3.84 | $5.48 | $5.17 | $5.42 |
| YoY | — | — | +42.7% | -5.7% | +4.8% |
| Weighted shares — basic | 431.1M | 447.5M | 484.3M | 584.6M | 624.8M |
| Weighted shares — diluted | 431.8M | 448.4M | 485.4M | 586.5M | 625.9M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $524.5M | $220.0M | $338.0M | $733.0M | $78.0M |
| YoY | — | — | +53.6% | +116.9% | -89.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $829.8M | $1.5B | $1.7B | $2.3B | $3.0B |
| YoY | — | — | +11.3% | +36.4% | +29.4% |
| Inventory | $227.8M | $432.0M | $639.0M | $748.0M | $948.0M |
| YoY | — | — | +47.9% | +17.1% | +26.7% |
| Total current assets | $1.9B | $2.5B | $3.1B | $4.2B | $4.5B |
| YoY | — | — | +22.0% | +36.4% | +5.9% |
| Total assets | $23.1B | $24.4B | $44.3B | $64.1B | $66.6B |
| YoY | — | — | +81.6% | +44.7% | +4.0% |
| Total current liabilities | $1.3B | $3.1B | $3.5B | $4.7B | $6.4B |
| YoY | — | — | +13.1% | +36.7% | +34.9% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $6.0B | $6.5B | $16.5B | $17.0B | $22.5B |
| YoY | — | — | +153.8% | +3.3% | +32.0% |
| Shares outstanding | 444.9M | 447.2M | 583.1M | 583.1M | 629.7M |
| YoY | — | — | +30.4% | +0.0% | +8.0% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.9B | $2.9B | $4.4B | $4.9B | $5.6B |
| YoY | — | — | +52.1% | +10.6% | +14.5% |
| Capital expenditures | $2.2B | $1.2B | $1.6B | $2.0B | $3.2B |
| YoY | — | — | +32.7% | +26.7% | +56.0% |
| Free cash flow | $-296.3M | $1.7B | $2.8B | $2.9B | $2.4B |
| YoY | — | — | +65.8% | +1.5% | -14.6% |
| Dividends paid | $1.6B | $1.7B | $1.8B | $2.3B | $2.6B |
| YoY | — | — | +10.0% | +25.8% | +11.7% |
| Share repurchases | — | $0 | $0 | $159.0M | $75.0M |
| YoY | — | — | — | — | -52.8% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY20 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | 12.5% | 23.0% | 23.0% | 17.1% |
| Net margin | — | 7.7% | 15.0% | 14.0% | 10.1% |
| Free cash flow margin | — | 7.6% | 16.0% | 13.2% | 7.3% |
| Effective tax rate | 23.6% | 23.5% | 24.0% | 24.3% | 22.9% |
| Current ratio | 1.39x | 0.84x | 0.90x | 0.90x | 0.71x |
| Total liabilities / equity | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| OKE FY25 · this stock | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.