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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.7B | $20.3B | $20.4B | $22.0B | $22.5B | $22.7B | $22.2B | $23.6B |
| YoY | — | — | — | — | +14.2% | +12.2% | +8.7% | +7.3% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $2.9B | $3.0B | $3.2B | $4.0B | $3.3B | $3.7B | $3.6B | $4.2B |
| YoY | — | — | — | — | +12.8% | +24.1% | +10.2% | +5.7% |
| Income tax | $612.0M | $611.0M | $669.0M | $807.0M | $708.0M | $731.0M | $748.0M | $898.0M |
| YoY | — | — | — | — | +15.7% | +19.6% | +11.8% | +11.3% |
| Net income | $2.3B | $2.4B | $2.6B | $3.2B | $2.6B | $3.0B | $2.8B | $3.3B |
| YoY | — | — | — | — | +12.0% | +25.3% | +9.8% | +4.3% |
| EPS — basic | $3.98 | — | $4.38 | $5.42 | $4.46 | — | $4.81 | $5.68 |
| YoY | — | — | — | — | +12.1% | — | +9.8% | +4.8% |
| EPS — diluted | $3.97 | — | $4.37 | $5.40 | $4.45 | — | $4.80 | $5.67 |
| YoY | — | — | — | — | +12.1% | — | +9.8% | +5.0% |
| Weighted shares — basic | 585.6M | — | 586.0M | 586.2M | 586.5M | — | 585.6M | 583.0M |
| Weighted shares — diluted | 587.6M | — | 587.7M | 587.8M | 588.2M | — | 586.9M | 584.2M |
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 | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total assets | $105.2B | $105.7B | $111.4B | $115.5B | $121.5B | $123.0B | $122.2B | $124.9B |
| YoY | — | — | — | — | +15.5% | +16.4% | +9.7% | +8.2% |
| Total current liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total liabilities | $78.0B | $80.2B | $82.5B | $82.9B | $86.1B | $92.7B | $90.2B | $90.6B |
| YoY | — | — | — | — | +10.3% | +15.7% | +9.4% | +9.3% |
| Total equity | $27.2B | $25.6B | $29.0B | $32.6B | $35.4B | $30.3B | $32.0B | $34.3B |
| YoY | — | — | — | — | +30.5% | +18.5% | +10.7% | +5.3% |
| 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.6B | $3.0B | $5.1B | $4.0B | $5.2B | $3.2B | $4.4B | $3.6B |
| YoY | — | — | — | — | +12.7% | +5.4% | -15.1% | -10.7% |
| Capital expenditures | $57.0M | $110.0M | $59.0M | $102.0M | $66.0M | $121.0M | $63.0M | $138.0M |
| YoY | — | — | — | — | +15.8% | +10.0% | +6.8% | +35.3% |
| Free cash flow | $4.6B | $2.9B | $5.1B | $3.9B | $5.1B | $3.0B | $4.3B | $3.5B |
| YoY | — | — | — | — | +12.7% | +5.2% | -15.3% | -11.9% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 11.8% | 11.6% | 12.6% | 14.4% | 11.6% | 13.0% | 12.7% | 14.0% |
| Free cash flow margin | 23.1% | 14.3% | 24.9% | 17.9% | 22.8% | 13.4% | 19.4% | 14.7% |
| Effective tax rate | 20.8% | 20.6% | 20.7% | 20.3% | 21.3% | 19.9% | 21.0% | 21.3% |
| Current ratio | — | — | — | — | — | — | — | — |
| Total liabilities / equity | 2.87x | 3.13x | 2.85x | 2.54x | 2.43x | 3.06x | 2.81x | 2.64x |
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.