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 | $64.4B | $67.1B | $68.9B | $80.7B | $88.6B |
| YoY | — | +4.2% | +2.8% | +17.1% | +9.7% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $2.7B | $2.7B | $2.8B | $2.9B | $2.8B |
| YoY | — | -0.8% | +3.5% | +4.6% | -4.3% |
| Selling, general & administrative | $5.0B | $5.6B | $5.8B | $5.8B | $6.1B |
| YoY | — | +10.4% | +4.2% | -0.1% | +5.0% |
| Operating income | $5.1B | $5.5B | $3.6B | $6.5B | $9.3B |
| YoY | — | +7.2% | -35.3% | +83.6% | +42.2% |
| Pretax income | $5.1B | $6.1B | $3.8B | $6.2B | $8.7B |
| YoY | — | +19.7% | -37.3% | +61.5% | +41.0% |
| Income tax | $964.0M | $790.0M | $456.0M | $1.2B | $1.7B |
| YoY | — | -18.0% | -42.3% | +159.0% | +40.9% |
| Net income | $3.9B | $5.2B | $3.2B | $4.8B | $6.7B |
| YoY | — | +34.5% | -38.5% | +49.4% | +41.0% |
| EPS — basic | $2.57 | $3.52 | $2.24 | $3.58 | $5.02 |
| YoY | — | +37.0% | -36.4% | +59.8% | +40.2% |
| EPS — diluted | $2.56 | $3.50 | $2.23 | $3.55 | $4.96 |
| YoY | — | +36.7% | -36.3% | +59.2% | +39.7% |
| Weighted shares — basic | 1.50B | 1.48B | 1.43B | 1.33B | 1.34B |
| Weighted shares — diluted | 1.51B | 1.49B | 1.44B | 1.34B | 1.36B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $7.8B | $6.2B | $6.6B | $5.6B | $7.4B |
| YoY | — | -20.6% | +5.9% | -15.3% | +33.3% |
| Marketable securities (current) | $965.0M | $774.0M | $745.0M | $786.0M | $750.0M |
| YoY | — | -19.8% | -3.7% | +5.5% | -4.6% |
| Accounts receivable | $9.7B | $9.1B | $10.8B | $11.0B | $14.7B |
| YoY | — | -5.7% | +19.0% | +1.3% | +33.9% |
| Inventory | $9.2B | $10.6B | $11.8B | $12.8B | $13.4B |
| YoY | — | +15.7% | +10.9% | +8.4% | +4.7% |
| Total current assets | $42.0B | $42.4B | $48.4B | $51.1B | $60.3B |
| YoY | — | +0.9% | +14.1% | +5.6% | +18.0% |
| Total assets | $161.4B | $158.9B | $161.9B | $162.9B | $171.1B |
| YoY | — | -1.6% | +1.9% | +0.6% | +5.0% |
| Total current liabilities | $35.4B | $39.1B | $46.8B | $51.5B | $58.8B |
| YoY | — | +10.3% | +19.6% | +10.1% | +14.1% |
| Total liabilities | $86.7B | $84.7B | $100.4B | $100.9B | $103.9B |
| YoY | — | -2.4% | +18.6% | +0.5% | +3.0% |
| Total equity | $73.1B | $72.6B | $59.8B | $60.2B | $65.2B |
| YoY | — | -0.6% | -17.7% | +0.6% | +8.5% |
| 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 | — | $7.2B | $7.9B | $7.2B | $10.6B |
| YoY | — | — | +10.0% | -9.2% | +47.6% |
| Capital expenditures | $2.1B | $2.3B | $2.4B | $2.6B | $2.6B |
| YoY | — | +7.2% | +5.6% | +8.7% | +0.1% |
| Free cash flow | — | $4.9B | $5.5B | $4.5B | $7.9B |
| YoY | — | — | +12.0% | -17.1% | +75.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $2.3B | $2.8B | $12.9B | $444.0M | $50.0M |
| YoY | — | +20.5% | +359.2% | -96.6% | -88.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 8.0% | 8.2% | 5.2% | 8.1% | 10.5% |
| Net margin | 6.0% | 7.7% | 4.6% | 5.9% | 7.6% |
| Free cash flow margin | — | 7.3% | 7.9% | 5.6% | 9.0% |
| Effective tax rate | 18.9% | 12.9% | 11.9% | 19.1% | 19.1% |
| Current ratio | 1.19x | 1.09x | 1.04x | 0.99x | 1.03x |
| Total liabilities / equity | 1.19x | 1.17x | 1.68x | 1.68x | 1.59x |
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 |
|---|---|---|---|---|---|---|
| RTX FY25 · this stock | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| 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% |
| 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% | — | — |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
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.