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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B | $4.0B | $3.7B | $3.7B | $4.2B | $4.1B | $3.9B | $3.9B |
| YoY | — | — | — | — | -0.9% | +1.2% | +5.0% | +6.7% |
| Cost of goods sold | $2.5B | $2.4B | $2.2B | $2.1B | $2.4B | $2.4B | $2.3B | $2.3B |
| YoY | — | — | — | — | -0.7% | +1.9% | +4.5% | +6.2% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $858.0M | $848.0M | $835.0M | $838.0M | $872.0M | $824.0M | $905.0M | $885.0M |
| YoY | — | — | — | — | +1.6% | -2.8% | +8.4% | +5.6% |
| Operating income | $796.0M | $689.0M | — | $607.0M | $743.0M | $689.0M | — | $636.0M |
| YoY | — | — | — | — | -6.7% | +0.0% | — | +4.8% |
| Pretax income | $651.0M | $578.0M | $81.0M | $502.0M | $598.0M | $556.0M | $389.0M | $517.0M |
| YoY | — | — | — | — | -8.1% | -3.8% | +380.2% | +3.0% |
| Income tax | $149.0M | $128.0M | $70.0M | $122.0M | $140.0M | $118.0M | $78.0M | $132.0M |
| YoY | — | — | — | — | -6.0% | -7.8% | +11.4% | +8.2% |
| Net income | $528.0M | $468.0M | $-280.0M | $373.0M | $450.0M | $453.0M | $300.0M | $382.0M |
| YoY | — | — | — | — | -14.8% | -3.2% | +207.1% | +2.4% |
| EPS — basic | $2.25 | $2.01 | — | $1.63 | $1.98 | $2.01 | — | $1.71 |
| YoY | — | — | — | — | -12.0% | +0.0% | — | +4.9% |
| EPS — diluted | $2.24 | $2.00 | — | $1.63 | $1.98 | $2.00 | — | $1.70 |
| YoY | — | — | — | — | -11.6% | +0.0% | — | +4.3% |
| Weighted shares — basic | 234.5M | 233.3M | — | 228.0M | 226.8M | 225.7M | — | 223.7M |
| Weighted shares — diluted | 235.7M | 234.3M | — | 228.9M | 227.7M | 226.5M | — | 224.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.1B | $1.3B | $1.3B | $1.8B | $1.6B | $1.8B | $2.2B | $1.6B |
| YoY | — | — | — | — | +38.0% | +46.4% | +70.3% | -14.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $3.8B | $3.7B | $3.0B | $3.4B | $3.9B | $3.7B | $3.3B | $3.7B |
| YoY | — | — | — | — | +1.2% | +1.8% | +11.8% | +7.2% |
| Inventory | $2.3B | $2.3B | $1.8B | $2.1B | $2.2B | $2.2B | $2.0B | $2.2B |
| YoY | — | — | — | — | -3.3% | -3.6% | +8.1% | +2.2% |
| Total current assets | $7.8B | $7.9B | $6.6B | $7.9B | $8.2B | $8.2B | $8.0B | $8.0B |
| YoY | — | — | — | — | +5.2% | +3.9% | +21.4% | +0.9% |
| Total assets | $21.7B | $21.9B | $19.4B | $21.1B | $22.1B | $22.1B | $22.1B | $22.1B |
| YoY | — | — | — | — | +1.7% | +1.3% | +13.7% | +4.8% |
| Total current liabilities | $5.2B | $5.0B | $5.0B | $5.8B | $5.8B | $5.6B | $4.9B | $5.0B |
| YoY | — | — | — | — | +10.3% | +12.3% | -2.3% | -15.1% |
| Total liabilities | $13.8B | $13.9B | $12.5B | $14.0B | $14.4B | $14.2B | $14.0B | $13.9B |
| YoY | — | — | — | — | +4.1% | +2.2% | +12.3% | -1.1% |
| Total equity | $7.8B | $7.8B | $6.8B | $6.9B | $7.6B | $7.8B | $7.9B | $8.1B |
| YoY | — | — | — | — | -2.4% | +0.2% | +17.0% | +17.0% |
| Shares outstanding | — | — | 229.9M | — | — | — | 223.4M | — |
| YoY | — | — | — | — | — | — | -2.8% | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $365.0M | $769.0M | $346.0M | $-18.0M | $387.0M | $685.0M | $887.0M | $33.0M |
| YoY | — | — | — | — | +6.0% | -10.9% | +156.4% | +283.3% |
| Capital expenditures | $115.0M | $146.0M | $208.0M | $209.0M | $121.0M | $147.0M | $301.0M | $196.0M |
| YoY | — | — | — | — | +5.2% | +0.7% | +44.7% | -6.2% |
| Free cash flow | $250.0M | $623.0M | $138.0M | $-227.0M | $266.0M | $538.0M | $586.0M | $-163.0M |
| YoY | — | — | — | — | +6.4% | -13.6% | +324.6% | +28.2% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $163.0M | $199.0M | $241.0M | $394.0M | $146.0M | $147.0M | $103.0M | $96.0M |
| YoY | — | — | — | — | -10.4% | -26.1% | -57.3% | -75.6% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 18.8% | 17.1% | — | 16.5% | 17.7% | 16.9% | — | 16.2% |
| Net margin | 12.5% | 11.6% | -7.5% | 10.1% | 10.7% | 11.1% | 7.7% | 9.7% |
| Free cash flow margin | 5.9% | 15.5% | 3.7% | -6.2% | 6.3% | 13.2% | 15.0% | -4.1% |
| Effective tax rate | 22.9% | 22.1% | 86.4% | 24.3% | 23.4% | 21.2% | 20.1% | 25.5% |
| Current ratio | 1.49x | 1.58x | 1.31x | 1.35x | 1.42x | 1.47x | 1.62x | 1.61x |
| Total liabilities / equity | 1.77x | 1.78x | 1.84x | 2.03x | 1.89x | 1.82x | 1.76x | 1.71x |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| PPG FY25 · this stock | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| MOS FY25 | $12.1B | +8.4% | 15.8% | 6.8% | 4.5% | -4.4% |
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.