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 | $22.9B | $28.1B | $33.1B | $36.3B | $35.7B |
| YoY | — | +22.5% | +18.0% | +9.5% | -1.6% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $554.0M | $634.0M | $711.0M | $749.0M | $709.0M |
| YoY | — | +14.4% | +12.1% | +5.3% | -5.3% |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $2.4B | $4.3B | $5.3B | $5.7B | $4.3B |
| YoY | — | +79.9% | +23.7% | +7.4% | -24.3% |
| Income tax | $446.0M | $779.0M | $1.0B | $1.1B | $840.0M |
| YoY | — | +74.7% | +29.3% | +8.5% | -23.1% |
| Net income | $1.9B | $3.4B | $4.2B | $4.5B | $3.4B |
| YoY | — | +82.9% | +22.1% | +6.1% | -24.4% |
| EPS — basic | $1.34 | $2.43 | $2.95 | $3.14 | $2.38 |
| YoY | — | +81.3% | +21.4% | +6.4% | -24.2% |
| EPS — diluted | $1.32 | $2.39 | $2.91 | $3.11 | $2.35 |
| YoY | — | +81.1% | +21.8% | +6.9% | -24.4% |
| Weighted shares — basic | 1.40B | 1.42B | 1.43B | 1.42B | 1.42B |
| Weighted shares — diluted | 1.43B | 1.44B | 1.44B | 1.44B | 1.44B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $5.3B | $6.8B | $7.8B | $8.0B | $8.7B |
| YoY | — | +27.3% | +15.5% | +2.5% | +8.5% |
| Inventory | $3.3B | $4.0B | $4.4B | $4.4B | $5.0B |
| YoY | — | +22.2% | +9.7% | -0.3% | +15.0% |
| Total current assets | $12.7B | $15.0B | $17.7B | $18.6B | $19.5B |
| YoY | — | +18.6% | +18.1% | +4.8% | +5.1% |
| Total assets | $41.5B | $43.1B | $48.0B | $48.9B | $54.9B |
| YoY | — | +3.9% | +11.2% | +2.0% | +12.1% |
| Total current liabilities | $10.4B | $12.0B | $13.4B | $12.8B | $14.7B |
| YoY | — | +16.0% | +11.5% | -4.4% | +14.9% |
| Total liabilities | $26.2B | $25.1B | $26.6B | $26.6B | $27.6B |
| YoY | — | -4.1% | +5.8% | -0.0% | +3.7% |
| Total equity | $15.0B | $17.7B | $20.2B | $21.1B | $26.1B |
| YoY | — | +17.9% | +14.2% | +4.7% | +23.6% |
| Shares outstanding | 1.40B | 1.42B | 1.43B | 1.40B | 1.50B |
| YoY | — | +1.2% | +0.5% | -1.8% | +6.7% |
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 | $4.7B | $3.7B | $6.6B | $6.6B | $6.5B |
| YoY | — | -20.0% | +78.4% | -0.5% | -1.7% |
| Capital expenditures | $1.1B | $1.6B | $1.9B | $1.9B | $1.7B |
| YoY | — | +41.8% | +19.8% | -0.4% | -12.3% |
| Free cash flow | $3.5B | $2.1B | $4.7B | $4.7B | $4.8B |
| YoY | — | -40.1% | +123.5% | -0.6% | +2.7% |
| Dividends paid | $699.0M | $848.0M | $1.3B | $1.5B | $1.6B |
| YoY | — | +21.3% | +55.3% | +16.4% | +4.5% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 8.2% | 12.2% | 12.7% | 12.3% | 9.4% |
| Free cash flow margin | 15.3% | 7.5% | 14.2% | 12.9% | 13.4% |
| Effective tax rate | 18.8% | 18.2% | 19.1% | 19.3% | 19.6% |
| Current ratio | 1.22x | 1.25x | 1.32x | 1.45x | 1.33x |
| Total liabilities / equity | 1.75x | 1.42x | 1.32x | 1.26x | 1.06x |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| SLB FY25 · this stock | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.