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 | $5.3B | $5.3B | $6.3B | $6.4B | $5.6B | $5.7B | $6.8B | $6.9B |
| YoY | — | — | — | — | +5.6% | +6.8% | +7.5% | +7.9% |
| Cost of goods sold | $2.7B | $2.7B | $3.2B | $3.2B | $2.9B | $2.9B | $3.5B | $3.6B |
| YoY | — | — | — | — | +5.8% | +5.1% | +8.0% | +10.8% |
| Gross profit | $2.6B | $2.6B | $3.1B | $3.1B | $2.7B | $2.8B | $3.3B | $3.3B |
| YoY | — | — | — | — | +5.4% | +8.7% | +7.0% | +4.9% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $1.9B | $1.8B | $2.0B | $2.0B | $1.9B | $2.0B | $2.1B | $2.1B |
| YoY | — | — | — | — | +2.9% | +9.8% | +4.6% | +6.0% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $615.6M | $653.0M | $985.7M | $1.1B | $639.0M | $679.8M | $1.1B | $1.1B |
| YoY | — | — | — | — | +3.8% | +4.1% | +12.9% | +0.3% |
| Income tax | $135.5M | $149.1M | $231.0M | $227.4M | $162.2M | $145.1M | $268.9M | $242.5M |
| YoY | — | — | — | — | +19.7% | -2.7% | +16.4% | +6.6% |
| Net income | $480.1M | $503.9M | $754.7M | $833.1M | $476.8M | $534.7M | $843.6M | $821.0M |
| YoY | — | — | — | — | -0.7% | +6.1% | +11.8% | -1.5% |
| EPS — basic | — | $2.02 | $3.04 | $3.38 | — | $2.18 | $3.46 | $3.41 |
| YoY | — | — | — | — | — | +7.9% | +13.8% | +0.9% |
| EPS — diluted | — | $2.00 | $3.00 | $3.35 | — | $2.15 | $3.43 | $3.38 |
| YoY | — | — | — | — | — | +7.5% | +14.3% | +0.9% |
| Weighted shares — basic | — | 249.4M | 248.4M | 246.2M | — | 245.7M | 243.9M | 240.7M |
| Weighted shares — diluted | — | 252.5M | 251.3M | 249.0M | — | 248.1M | 246.0M | 242.8M |
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 | $210.4M | $199.8M | $269.8M | $241.5M | $207.2M | $216.9M | $293.5M | $264.2M |
| YoY | — | — | — | — | -1.5% | +8.6% | +8.8% | +9.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.4B | $2.8B | $3.1B | $3.1B | $2.8B | $3.2B | $3.6B | $3.6B |
| YoY | — | — | — | — | +16.8% | +13.5% | +14.8% | +15.2% |
| Inventory | $2.3B | $2.5B | $2.5B | $2.3B | $2.3B | $2.5B | $2.5B | $2.5B |
| YoY | — | — | — | — | +1.3% | -1.7% | +1.8% | +11.9% |
| Total current assets | $5.4B | $6.0B | $6.4B | $6.1B | $6.0B | $6.5B | $7.0B | $7.0B |
| YoY | — | — | — | — | +11.2% | +7.6% | +8.9% | +14.3% |
| Total assets | $23.6B | $24.6B | $25.4B | $26.2B | $25.9B | $26.4B | $27.0B | $27.0B |
| YoY | — | — | — | — | +9.6% | +7.1% | +6.3% | +2.9% |
| Total current liabilities | $6.8B | $7.9B | $8.2B | $7.5B | $6.9B | $7.5B | $9.6B | $9.8B |
| YoY | — | — | — | — | +1.6% | -4.3% | +17.5% | +31.8% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $4.1B | $4.1B | $4.4B | $4.4B | $4.6B | $4.4B | $3.9B | $4.0B |
| YoY | — | — | — | — | +13.5% | +7.3% | -12.4% | -10.1% |
| Shares outstanding | 251.3M | 250.6M | 249.3M | 247.9M | 247.7M | 246.6M | 242.8M | 241.6M |
| YoY | — | — | — | — | -1.4% | -1.6% | -2.6% | -2.5% |
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 | $934.5M | $-61.1M | $1.1B | $1.3B | $1.1B | $139.1M | $1.3B | $1.1B |
| YoY | — | — | — | — | +16.9% | +327.7% | +21.1% | -15.5% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $179.8M | $200.4M | $197.9M | $195.7M | $195.8M | $197.1M | $197.5M | $194.3M |
| YoY | — | — | — | — | +8.9% | -1.6% | -0.2% | -0.7% |
| 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 | 48.6% | 48.2% | 49.4% | 49.2% | 48.5% | 49.1% | 49.2% | 47.8% |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 9.1% | 9.5% | 12.0% | 13.1% | 8.5% | 9.4% | 12.4% | 12.0% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 22.0% | 22.8% | 23.4% | 21.4% | 25.4% | 21.3% | 24.2% | 22.8% |
| Current ratio | 0.79x | 0.77x | 0.78x | 0.82x | 0.87x | 0.86x | 0.73x | 0.71x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| SHW FY25 · this stock | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| 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% | — | — |
| 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% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
| 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.