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 | $21.6B | $20.3B | $21.6B | $22.5B | $24.2B | $22.1B | $24.7B | $25.0B |
| YoY | — | — | — | — | +12.1% | +8.7% | +14.5% | +11.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $808.0M | $637.0M | $697.0M | $684.0M | $789.0M | $627.0M | $726.0M | $711.0M |
| YoY | — | — | — | — | -2.4% | -1.6% | +4.2% | +3.9% |
| Selling, general & administrative | $1.6B | $1.4B | $1.6B | $1.4B | $1.6B | $1.5B | $1.7B | $1.9B |
| YoY | — | — | — | — | +4.1% | +1.9% | +5.4% | +33.6% |
| Operating income | $2.1B | $2.0B | $2.1B | $2.5B | $2.6B | $2.6B | $2.8B | $3.3B |
| YoY | — | — | — | — | +23.0% | +25.6% | +31.0% | +32.3% |
| Pretax income | $2.0B | $2.0B | $2.0B | $2.4B | $2.3B | $2.5B | $2.7B | $3.3B |
| YoY | — | — | — | — | +14.3% | +28.7% | +34.4% | +35.4% |
| Income tax | $449.0M | $333.0M | $315.0M | $432.0M | $584.0M | $363.0M | $493.0M | $593.0M |
| YoY | — | — | — | — | +30.1% | +9.0% | +56.5% | +37.3% |
| Net income | $1.5B | $1.5B | $1.7B | $1.9B | $1.6B | $2.1B | $2.1B | $2.6B |
| YoY | — | — | — | — | +9.4% | +34.1% | +29.1% | +34.7% |
| EPS — basic | — | $1.15 | $1.24 | $1.43 | — | $1.53 | $1.58 | $1.91 |
| YoY | — | — | — | — | — | +33.0% | +27.4% | +33.6% |
| EPS — diluted | — | $1.14 | $1.22 | $1.41 | — | $1.51 | $1.57 | $1.89 |
| YoY | — | — | — | — | — | +32.5% | +28.7% | +34.0% |
| Weighted shares — basic | — | 1.34B | 1.34B | 1.34B | — | 1.35B | 1.35B | 1.35B |
| Weighted shares — diluted | — | 1.35B | 1.35B | 1.36B | — | 1.36B | 1.36B | 1.37B |
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 | $5.6B | $5.2B | $4.8B | $6.0B | $7.4B | $6.8B | $8.3B | $9.2B |
| YoY | — | — | — | — | +33.3% | +32.2% | +73.7% | +53.8% |
| Marketable securities (current) | $786.0M | $682.0M | $679.0M | $713.0M | $750.0M | $694.0M | $711.0M | $707.0M |
| YoY | — | — | — | — | -4.6% | +1.8% | +4.7% | -0.8% |
| Accounts receivable | $11.0B | $11.4B | $12.4B | $12.8B | $14.7B | $12.9B | $13.9B | $14.7B |
| YoY | — | — | — | — | +33.9% | +13.3% | +12.6% | +14.4% |
| Inventory | $12.8B | $13.6B | $14.0B | $13.8B | $13.4B | $14.2B | $14.4B | $15.0B |
| YoY | — | — | — | — | +4.7% | +3.9% | +2.8% | +8.3% |
| Total current assets | $51.1B | $52.9B | $54.7B | $57.1B | $60.3B | $60.0B | $63.9B | $66.1B |
| YoY | — | — | — | — | +18.0% | +13.4% | +16.9% | +15.7% |
| Total assets | $162.9B | $164.9B | $167.1B | $168.7B | $171.1B | $170.4B | $174.0B | $176.6B |
| YoY | — | — | — | — | +5.0% | +3.4% | +4.1% | +4.7% |
| Total current liabilities | $51.5B | $52.6B | $54.3B | $53.2B | $58.8B | $58.6B | $63.2B | $63.2B |
| YoY | — | — | — | — | +14.1% | +11.3% | +16.4% | +18.7% |
| Total liabilities | $100.9B | $101.5B | $102.9B | $102.3B | $103.9B | $102.4B | $105.8B | $105.6B |
| YoY | — | — | — | — | +3.0% | +0.9% | +2.9% | +3.3% |
| Total equity | $60.2B | $61.5B | $62.4B | $64.5B | $65.2B | $66.3B | $66.4B | $69.2B |
| YoY | — | — | — | — | +8.5% | +7.7% | +6.4% | +7.3% |
| 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 | $1.6B | $1.3B | $458.0M | $4.6B | $4.2B | $1.9B | $3.5B | $2.9B |
| YoY | — | — | — | — | +166.8% | +42.1% | +674.5% | -38.2% |
| Capital expenditures | $1.1B | $513.0M | $530.0M | $614.0M | $970.0M | $546.0M | $669.0M | $749.0M |
| YoY | — | — | — | — | -9.3% | +6.4% | +26.2% | +22.0% |
| Free cash flow | $492.0M | $792.0M | $-72.0M | $4.0B | $3.2B | $1.3B | $2.9B | $2.1B |
| YoY | — | — | — | — | +549.4% | +65.3% | +4097.2% | -47.4% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $50.0M | $50.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY | — | — | — | — | -100.0% | -100.0% | — | — |
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 | — | — | — | — | — | — | — | — |
| Operating margin | 9.8% | 10.0% | 9.9% | 11.2% | 10.7% | 11.6% | 11.4% | 13.4% |
| Net margin | 6.9% | 7.6% | 7.7% | 8.5% | 6.7% | 9.3% | 8.7% | 10.3% |
| Free cash flow margin | 2.3% | 3.9% | -0.3% | 17.9% | 13.2% | 5.9% | 11.6% | 8.5% |
| Effective tax rate | 22.3% | 17.0% | 15.4% | 17.7% | 25.4% | 14.4% | 18.0% | 18.0% |
| Current ratio | 0.99x | 1.01x | 1.01x | 1.07x | 1.03x | 1.02x | 1.01x | 1.05x |
| Total liabilities / equity | 1.68x | 1.65x | 1.65x | 1.59x | 1.59x | 1.54x | 1.59x | 1.52x |
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.