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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2B | $9.3B | $8.5B | $8.5B | $8.9B | $9.7B | $8.7B | $9.0B |
| YoY | — | — | — | — | -2.5% | +5.0% | +2.7% | +5.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $187.0M | $192.0M | $172.0M | $180.0M | $170.0M | $187.0M | $164.0M | $171.0M |
| YoY | — | — | — | — | -9.1% | -2.6% | -4.7% | -5.0% |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $1.5B | $1.4B | $1.1B | $1.3B | $1.0B | $943.0M | $956.0M | $1.0B |
| YoY | — | — | — | — | -33.6% | -32.0% | -10.1% | -20.7% |
| Income tax | $289.0M | $269.0M | $234.0M | $237.0M | $226.0M | $143.0M | $195.0M | $204.0M |
| YoY | — | — | — | — | -21.8% | -46.8% | -16.7% | -13.9% |
| Net income | $1.2B | $1.1B | $797.0M | $1.0B | $739.0M | $824.0M | $752.0M | $786.0M |
| YoY | — | — | — | — | -37.7% | -24.7% | -5.6% | -22.5% |
| EPS — basic | $0.84 | — | $0.58 | $0.75 | $0.50 | — | $0.50 | $0.53 |
| YoY | — | — | — | — | -40.5% | — | -13.8% | -29.3% |
| EPS — diluted | $0.83 | — | $0.58 | $0.74 | $0.50 | — | $0.50 | $0.52 |
| YoY | — | — | — | — | -39.8% | — | -13.8% | -29.7% |
| Weighted shares — basic | 1.42B | — | 1.37B | 1.35B | 1.47B | — | 1.50B | 1.49B |
| Weighted shares — diluted | 1.43B | — | 1.38B | 1.37B | 1.49B | — | 1.51B | 1.51B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $8.3B | $8.0B | $8.6B | $8.6B | $9.1B | $8.7B | $9.0B | $9.1B |
| YoY | — | — | — | — | +10.2% | +8.5% | +5.0% | +6.4% |
| Inventory | $4.6B | $4.4B | $4.7B | $4.7B | $5.3B | $5.0B | $5.3B | $5.4B |
| YoY | — | — | — | — | +16.4% | +15.0% | +13.4% | +14.7% |
| Total current assets | $18.8B | $18.6B | $18.6B | $18.5B | $19.5B | $19.5B | $19.3B | $20.2B |
| YoY | — | — | — | — | +3.5% | +5.1% | +4.0% | +9.7% |
| Total assets | $49.8B | $48.9B | $49.0B | $48.8B | $55.1B | $54.9B | $54.5B | $55.5B |
| YoY | — | — | — | — | +10.7% | +12.1% | +11.3% | +13.9% |
| Total current liabilities | $12.7B | $12.8B | $15.0B | $14.0B | $14.0B | $14.7B | $14.4B | $14.1B |
| YoY | — | — | — | — | +10.5% | +14.9% | -4.1% | +0.2% |
| Total liabilities | $27.0B | $26.6B | $28.3B | $27.2B | $28.2B | $27.6B | $27.2B | $28.3B |
| YoY | — | — | — | — | +4.2% | +3.7% | -3.8% | +3.9% |
| Total equity | $21.5B | $21.1B | $19.5B | $20.3B | $25.6B | $26.1B | $26.2B | $26.1B |
| YoY | — | — | — | — | +19.2% | +23.6% | +34.1% | +28.4% |
| Shares outstanding | — | 1.40B | — | — | — | 1.50B | 1.50B | 1.48B |
| YoY | — | — | — | — | — | +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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.4B | $2.4B | $660.0M | $1.1B | $1.7B | $3.0B | $487.0M | $1.4B |
| YoY | — | — | — | — | -31.3% | +25.7% | -26.2% | +19.0% |
| Capital expenditures | $460.0M | $609.0M | $398.0M | $371.0M | $409.0M | $516.0M | $343.0M | $459.0M |
| YoY | — | — | — | — | -11.1% | -15.3% | -13.8% | +23.7% |
| Free cash flow | $2.0B | $1.8B | $262.0M | $771.0M | $1.3B | $2.5B | $144.0M | $900.0M |
| YoY | — | — | — | — | -36.0% | +39.8% | -45.0% | +16.7% |
| Dividends paid | $393.0M | $389.0M | $386.0M | $387.0M | $403.0M | $426.0M | $426.0M | $440.0M |
| YoY | — | — | — | — | +2.5% | +9.5% | +10.4% | +13.7% |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 12.9% | 11.8% | 9.4% | 11.9% | 8.3% | 8.5% | 8.6% | 8.8% |
| Free cash flow margin | 21.7% | 19.2% | 3.1% | 9.0% | 14.3% | 25.5% | 1.7% | 10.0% |
| Effective tax rate | 19.2% | 19.4% | 22.0% | 18.4% | 22.6% | 15.2% | 20.4% | 20.0% |
| Current ratio | 1.48x | 1.45x | 1.24x | 1.31x | 1.39x | 1.33x | 1.34x | 1.44x |
| Total liabilities / equity | 1.26x | 1.26x | 1.45x | 1.34x | 1.10x | 1.06x | 1.04x | 1.08x |
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.