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.
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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B | $2.1B | $5.7B | $5.3B | $6.6B | $1.8B | $5.2B | $8.1B |
| YoY | — | — | — | — | -7.7% | -14.7% | -8.3% | +53.4% |
| Cost of goods sold | $889.0M | — | $801.0M | $847.0M | $812.0M | — | — | — |
| YoY | — | — | — | — | -8.7% | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $268.0M | $174.0M | $241.0M | $257.0M | $277.0M | $158.0M | $245.0M | $262.0M |
| YoY | — | — | — | — | +3.4% | -9.2% | +1.7% | +1.9% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $1.6B | $-215.0M | $1.2B | $560.0M | $1.2B | $-108.0M | $390.0M | $3.9B |
| YoY | — | — | — | — | -26.9% | +49.8% | -66.9% | +599.1% |
| Income tax | $454.0M | $-65.0M | $347.0M | $222.0M | $324.0M | $40.0M | $154.0M | $915.0M |
| YoY | — | — | — | — | -28.6% | +161.5% | -55.6% | +312.2% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $1.03 | — | $0.81 | $0.27 | $0.67 | — | $3.19 | $2.80 |
| YoY | — | — | — | — | -35.0% | — | +293.8% | +937.0% |
| EPS — diluted | $0.98 | — | $0.77 | $0.26 | $0.65 | — | $3.13 | $2.75 |
| YoY | — | — | — | — | -33.7% | — | +306.5% | +957.7% |
| Weighted shares — basic | 927.5M | — | 941.3M | 985.1M | 986.4M | — | 989.8M | 997.1M |
| Weighted shares — diluted | 975.7M | — | 982.9M | 1.01B | 1.00B | — | 1.01B | 1.01B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.8B | $2.1B | $2.6B | $2.3B | $2.2B | $2.0B | $3.8B | $4.2B |
| YoY | — | — | — | — | +22.7% | -7.4% | +46.4% | +79.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $3.9B | $2.8B | $3.6B | $3.5B | $3.2B | $2.6B | $3.7B | $3.1B |
| YoY | — | — | — | — | -19.2% | -9.3% | +1.9% | -9.4% |
| Inventory | $2.3B | $1.8B | $2.1B | $1.9B | $2.1B | $1.8B | $1.9B | $2.2B |
| YoY | — | — | — | — | -6.9% | +3.8% | -12.9% | +16.6% |
| Total current assets | $9.6B | $9.1B | $9.7B | $9.0B | $8.8B | $8.8B | $11.1B | $11.1B |
| YoY | — | — | — | — | -7.8% | -2.7% | +14.0% | +24.0% |
| Total assets | $85.8B | $85.4B | $85.0B | $84.4B | $83.5B | $84.2B | $80.5B | $80.4B |
| YoY | — | — | — | — | -2.7% | -1.5% | -5.3% | -4.7% |
| Total current liabilities | $9.5B | $9.5B | $9.6B | $8.6B | $9.4B | $9.4B | $9.2B | $7.9B |
| YoY | — | — | — | — | -1.3% | -1.0% | -4.9% | -7.8% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $34.7B | $34.2B | $34.7B | $35.7B | $36.3B | $36.0B | $38.9B | $41.7B |
| YoY | — | — | — | — | +4.6% | +5.5% | +12.2% | +16.9% |
| Shares outstanding | 938.2M | 938.5M | 942.0M | 984.4M | 985.2M | 986.0M | 991.2M | 999.7M |
| YoY | — | — | — | — | +5.0% | +5.1% | +5.2% | +1.6% |
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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.7B | $3.4B | $2.1B | $3.0B | $2.8B | $2.6B | $1.3B | $4.3B |
| YoY | — | — | — | — | -24.2% | -21.5% | -40.4% | +44.3% |
| Capital expenditures | $1.7B | $1.0B | $1.7B | $1.7B | $2.3B | $753.0M | $1.6B | $1.6B |
| YoY | — | — | — | — | +35.9% | -26.6% | -7.6% | -6.8% |
| Free cash flow | $2.0B | $2.3B | $466.0M | $1.3B | $503.0M | $1.9B | $-273.0M | $2.7B |
| YoY | — | — | — | — | -74.8% | -19.3% | -158.6% | +113.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $18.0M | $0 | $0 | $0 | $0 | $56.0M | $61.0M |
| YoY | — | — | — | — | — | -100.0% | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | 27.9% | 113.4% | 8.2% | 23.9% | 7.6% | 107.4% | -5.2% | 33.3% |
| Effective tax rate | 28.5% | 30.2% | 29.5% | 39.6% | 27.8% | -37.0% | 39.5% | 23.4% |
| Current ratio | 1.00x | 0.95x | 1.01x | 1.05x | 0.94x | 0.94x | 1.21x | 1.41x |
| 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 |
|---|---|---|---|---|---|---|
| OXY FY23 · this stock | $23.2B | -36.8% | — | — | — | 28.6% |
| 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% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| 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.