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 | $47.7B | $49.6B | $62.1B | $75.4B | $87.7B |
| YoY | — | +4.0% | +25.2% | +21.4% | +16.3% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $4.2B | $922.0M | $4.9B | $10.7B | $14.2B |
| YoY | — | -78.1% | +431.9% | +118.5% | +32.8% |
| Income tax | $859.1M | $200.0M | $1.0B | $2.2B | $2.9B |
| YoY | — | -76.7% | +400.5% | +123.1% | +30.5% |
| Net income | $3.4B | $722.0M | $3.9B | $8.5B | $11.3B |
| YoY | — | -78.5% | +440.6% | +117.3% | +33.3% |
| EPS — basic | $5.69 | $1.19 | $6.61 | $14.45 | $19.29 |
| YoY | — | -79.1% | +455.5% | +118.6% | +33.5% |
| EPS — diluted | $5.66 | $1.18 | $6.58 | $14.40 | $19.23 |
| YoY | — | -79.2% | +457.6% | +118.8% | +33.5% |
| Weighted shares — basic | 584.5M | 584.4M | 584.9M | 585.5M | 586.3M |
| Weighted shares — diluted | 587.1M | 587.1M | 587.5M | 587.7M | 588.1M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total assets | $71.1B | $75.5B | $88.7B | $105.7B | $123.0B |
| YoY | — | +6.1% | +17.5% | +19.2% | +16.4% |
| Total current liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total liabilities | $52.9B | $59.6B | $68.4B | $80.2B | $92.7B |
| YoY | — | +12.6% | +14.8% | +17.2% | +15.7% |
| Total equity | $18.2B | $15.9B | $20.3B | $25.6B | $30.3B |
| YoY | — | -12.8% | +27.6% | +26.2% | +18.5% |
| 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 | $7.8B | $6.8B | $10.6B | $15.1B | $17.5B |
| YoY | — | -11.8% | +55.4% | +42.1% | +16.1% |
| Capital expenditures | $243.5M | $292.0M | $252.0M | $285.0M | $348.0M |
| YoY | — | +19.9% | -13.7% | +13.1% | +22.1% |
| Free cash flow | $7.5B | $6.6B | $10.4B | $14.8B | $17.2B |
| YoY | — | -12.8% | +58.5% | +42.8% | +15.9% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 7.0% | 1.5% | 6.3% | 11.3% | 12.9% |
| Free cash flow margin | 15.8% | 13.2% | 16.7% | 19.7% | 19.6% |
| Effective tax rate | 20.4% | 21.7% | 20.4% | 20.8% | 20.5% |
| Current ratio | — | — | — | — | — |
| Total liabilities / equity | 2.90x | 3.75x | 3.37x | 3.13x | 3.06x |
Peer comparison — latest full year
Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| PGR FY25 · this stock | $87.7B | +16.3% | — | — | 12.9% | 19.6% |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| BAC FY25 | $113.1B | +6.8% | — | — | 27.0% | — |
| C FY25 | $85.2B | +5.6% | — | — | 16.8% | -87.0% |
| WFC FY25 | $83.7B | +1.7% | — | — | 25.5% | — |
| MS FY25 | $70.6B | +14.4% | — | — | 23.9% | — |
| CB FY25 | $59.4B | +6.5% | — | — | 17.4% | — |
| GS FY25 | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
| USB FY25 | $28.7B | +4.4% | — | — | 26.4% | — |
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.