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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7B | $9.3B | $10.1B | $10.8B | $10.4B | $10.1B | $11.2B | $11.4B |
| YoY | — | — | — | — | +6.8% | +9.1% | +10.4% | +5.5% |
| Cost of goods sold | $3.4B | $3.0B | $3.3B | $3.5B | $3.6B | $3.2B | $3.5B | $3.6B |
| YoY | — | — | — | — | +4.5% | +6.9% | +7.9% | +2.9% |
| Gross profit | $6.3B | $6.3B | $6.9B | $7.4B | $6.8B | $6.9B | $7.7B | $7.9B |
| YoY | — | — | — | — | +8.0% | +10.1% | +11.5% | +6.7% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $3.3B | $3.5B | $3.7B | $4.3B | $3.4B | $3.9B | $4.5B | $4.9B |
| YoY | — | — | — | — | +3.5% | +9.8% | +22.0% | +14.1% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $872.0M | $659.0M | $652.0M | $751.0M | $675.0M | $676.0M | $955.0M | $986.0M |
| YoY | — | — | — | — | -22.6% | +2.6% | +46.5% | +31.3% |
| Net income | $-579.0M | $2.7B | $3.0B | $3.5B | $2.1B | $2.4B | $2.8B | $3.3B |
| YoY | — | — | — | — | +469.8% | -9.4% | -7.3% | -4.7% |
| EPS — basic | — | $1.72 | $1.95 | $2.23 | — | $1.56 | $1.80 | $2.12 |
| YoY | — | — | — | — | — | -9.3% | -7.7% | -4.9% |
| EPS — diluted | — | $1.72 | $1.95 | $2.23 | — | $1.56 | $1.80 | $2.12 |
| YoY | — | — | — | — | — | -9.3% | -7.7% | -4.9% |
| Weighted shares — basic | — | 1.56B | 1.56B | 1.56B | — | 1.56B | 1.56B | 1.56B |
| Weighted shares — diluted | — | 1.56B | 1.56B | 1.56B | — | 1.56B | 1.56B | 1.56B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.2B | $4.4B | $4.1B | $4.0B | $4.9B | $5.5B | $6.0B | $6.7B |
| YoY | — | — | — | — | +15.6% | +22.7% | +45.0% | +65.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $3.8B | $4.9B | $5.0B | $4.8B | $4.6B | $5.1B | $5.2B | $5.2B |
| YoY | — | — | — | — | +20.7% | +4.9% | +3.7% | +7.5% |
| Inventory | $9.5B | $10.1B | $10.7B | $10.3B | $11.5B | $11.4B | $11.4B | $10.3B |
| YoY | — | — | — | — | +21.4% | +12.5% | +6.6% | +0.6% |
| Total current assets | $20.2B | $22.2B | $23.4B | $22.7B | $24.4B | $25.6B | $26.0B | $25.8B |
| YoY | — | — | — | — | +20.8% | +15.3% | +11.3% | +13.8% |
| Total assets | $61.8B | $65.1B | $68.5B | $67.1B | $69.2B | $68.9B | $68.3B | $66.7B |
| YoY | — | — | — | — | +12.0% | +5.9% | -0.3% | -0.5% |
| Total current liabilities | $22.9B | $28.1B | $28.1B | $26.7B | $25.4B | $26.2B | $26.5B | $25.2B |
| YoY | — | — | — | — | +11.0% | -6.6% | -5.7% | -5.7% |
| Total liabilities | $71.7B | $74.0B | $78.5B | $76.0B | $77.2B | $76.2B | $74.9B | $72.7B |
| YoY | — | — | — | — | +7.8% | +3.0% | -4.6% | -4.4% |
| Total equity | $-11.8B | $-10.9B | $-12.0B | $-10.9B | $-10.0B | $-9.3B | $-8.6B | $-7.9B |
| YoY | — | — | — | — | +14.9% | +14.9% | +28.3% | +27.3% |
| 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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.0B | $-350.0M | $3.4B | $4.5B | $4.7B | $-399.0M | $5.5B | $5.4B |
| YoY | — | — | — | — | +17.7% | -14.0% | +61.0% | +19.9% |
| Capital expenditures | $278.0M | $404.0M | $356.0M | $365.0M | $444.0M | $353.0M | $380.0M | $382.0M |
| YoY | — | — | — | — | +59.7% | -12.6% | +6.7% | +4.7% |
| Free cash flow | $3.7B | $-754.0M | $3.1B | $4.1B | $4.3B | $-752.0M | $5.1B | $5.0B |
| YoY | — | — | — | — | +14.5% | +0.3% | +67.3% | +21.3% |
| Dividends paid | $2.1B | $2.1B | $2.1B | $2.1B | $2.3B | $2.3B | $2.3B | $2.3B |
| YoY | — | — | — | — | +9.0% | +9.0% | +9.1% | +9.1% |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 64.7% | 67.4% | 67.7% | 67.9% | 65.5% | 68.1% | 68.4% | 68.7% |
| Operating margin | 33.6% | 38.1% | 36.6% | 39.3% | 32.6% | 38.4% | 40.5% | 42.5% |
| Net margin | -6.0% | 28.9% | 30.0% | 32.1% | 20.7% | 24.0% | 25.2% | 29.0% |
| Free cash flow margin | 38.4% | -8.1% | 30.1% | 37.8% | 41.2% | -7.4% | 45.7% | 43.5% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 0.88x | 0.79x | 0.83x | 0.85x | 0.96x | 0.98x | 0.98x | 1.02x |
| Total liabilities / equity | -6.10x | -6.79x | -6.56x | -6.97x | -7.73x | -8.21x | -8.73x | -9.16x |
Peer comparison — latest full year
Same sector (Consumer Staples), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| PM FY25 · this stock | $40.6B | +7.3% | 67.1% | 36.6% | 27.9% | 26.2% |
| WMT FY26 | $713.2B | +4.7% | — | 4.2% | 3.1% | 2.1% |
| COST FY26 | $303.2B | +10.1% | — | 3.9% | 3.0% | 3.1% |
| KR FY26 | $147.6B | +0.4% | — | 1.3% | 0.7% | — |
| PEP FY25 | $93.9B | +2.3% | 54.1% | 12.2% | 8.8% | — |
| PG FY26 | $87.0B | +3.3% | — | 22.7% | 18.4% | 17.4% |
| SYY FY26 | $84.6B | +3.9% | 18.5% | 3.7% | 2.1% | — |
| ADM FY25 | $80.3B | -6.2% | 6.3% | — | 1.3% | 5.2% |
| TSN FY25 | $54.4B | +2.1% | 6.5% | 2.0% | 0.9% | 2.2% |
| KO FY25 | $47.9B | +1.9% | 61.6% | 28.7% | 27.3% | 11.0% |
| MDLZ FY25 | $38.5B | +5.8% | 28.4% | 9.2% | 6.4% | 8.4% |
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.