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 | FY21 | FY22 | FY23 | FY24 | |
|---|---|---|---|---|---|
| Revenue | $13.7B | $14.3B | $15.9B | $19.1B | $19.9B |
| YoY | — | +4.8% | +10.6% | +20.2% | +4.5% |
| Cost of goods sold | $10.3B | $9.6B | $10.6B | $12.6B | $12.8B |
| YoY | — | -6.7% | +9.8% | +19.8% | +1.3% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $237.0M | $205.0M | $191.0M | $258.0M | $253.0M |
| YoY | — | -13.5% | -6.8% | +35.1% | -1.9% |
| Selling, general & administrative | $1.7B | $2.4B | $2.5B | $3.4B | $3.3B |
| YoY | — | +43.9% | +5.1% | +33.9% | -1.2% |
| Operating income | $2.0B | $2.5B | $3.0B | $3.4B | $4.1B |
| YoY | — | +25.1% | +20.9% | +14.4% | +19.5% |
| Pretax income | $1.5B | $2.2B | $1.6B | $2.7B | $3.6B |
| YoY | — | +49.1% | -28.2% | +66.0% | +34.1% |
| Income tax | $304.5M | $500.1M | $298.0M | $596.0M | $750.0M |
| YoY | — | +64.2% | -40.4% | +100.0% | +25.8% |
| Net income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| EPS — basic | $9.36 | $13.54 | $10.24 | $16.23 | $22.13 |
| YoY | — | +44.7% | -24.4% | +58.5% | +36.4% |
| EPS — diluted | $9.26 | $13.35 | $10.09 | $16.04 | $21.84 |
| YoY | — | +44.2% | -24.4% | +59.0% | +36.2% |
| Weighted shares — basic | 128.4M | 129.0M | 128.5M | 128.4M | 128.5M |
| Weighted shares — diluted | 129.8M | 130.8M | 130.4M | 129.9M | 130.2M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY20 | FY21 | FY22 | FY23 | FY24 | |
|---|---|---|---|---|---|
| Cash & equivalents | $685.5M | $733.1M | $535.8M | $475.2M | $422.0M |
| YoY | — | +6.9% | -26.9% | -11.3% | -11.2% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | $2.9B |
| YoY | — | — | — | — | — |
| Inventory | $2.0B | $2.1B | $2.2B | $2.9B | $2.8B |
| YoY | — | +6.4% | +5.9% | +31.3% | -4.2% |
| Total current assets | $5.0B | $5.6B | $12.0B | $6.8B | $6.8B |
| YoY | — | +11.6% | +114.5% | -43.3% | -0.5% |
| Total assets | $19.9B | $20.3B | $25.9B | $30.0B | $29.3B |
| YoY | — | +2.3% | +27.5% | +15.5% | -2.2% |
| Total current liabilities | $3.1B | $3.1B | $5.9B | $7.7B | $7.3B |
| YoY | — | -1.6% | +89.2% | +32.0% | -5.5% |
| Total liabilities | $13.6B | $11.9B | $17.1B | $19.6B | $17.2B |
| YoY | — | -12.6% | +43.2% | +14.9% | -12.3% |
| Total equity | $6.2B | $8.4B | $8.8B | $10.3B | $12.1B |
| YoY | — | +34.9% | +5.4% | +16.7% | +16.9% |
| 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.
| FY20 | FY21 | FY22 | FY23 | FY24 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.1B | $2.6B | $2.4B | $3.0B | $3.4B |
| YoY | — | +24.3% | -5.2% | +22.0% | +13.6% |
| Capital expenditures | $232.6M | $210.0M | $230.0M | $381.0M | $400.0M |
| YoY | — | -9.7% | +9.5% | +65.7% | +5.0% |
| Free cash flow | $1.8B | $2.4B | $2.2B | $2.6B | $3.0B |
| YoY | — | +28.7% | -6.5% | +17.5% | +14.8% |
| Dividends paid | $453.8M | $475.2M | $569.9M | $704.0M | $782.0M |
| YoY | — | +4.7% | +19.9% | +23.5% | +11.1% |
| Share repurchases | $216.0M | $218.8M | $460.1M | $297.0M | $332.0M |
| YoY | — | +1.3% | +110.3% | -35.4% | +11.8% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY20 | FY21 | FY22 | FY23 | FY24 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 14.4% | 17.1% | 18.8% | 17.9% | 20.4% |
| Net margin | — | — | — | — | — |
| Free cash flow margin | 13.4% | 16.5% | 13.9% | 13.6% | 15.0% |
| Effective tax rate | 20.2% | 22.3% | 18.5% | 22.2% | 20.9% |
| Current ratio | 1.60x | 1.81x | 2.06x | 0.88x | 0.93x |
| Total liabilities / equity | 2.19x | 1.42x | 1.93x | 1.90x | 1.43x |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| PH FY24 · this stock | $19.9B | +4.5% | — | 20.4% | — | 15.0% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
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.