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 | $8.3B | $11.2B | $12.5B | $14.2B | $15.3B |
| YoY | — | +34.8% | +11.8% | +13.7% | +7.9% |
| Cost of goods sold | $2.2B | $3.8B | $4.1B | $4.4B | $4.6B |
| YoY | — | +72.2% | +10.3% | +5.3% | +4.6% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $1.7B | $3.4B | $3.2B | $3.2B | $3.4B |
| YoY | — | +96.4% | -7.0% | +1.2% | +6.9% |
| Operating income | $4.2B | $4.9B | $4.0B | $5.6B | $6.5B |
| YoY | — | +17.1% | -18.7% | +38.8% | +16.1% |
| Pretax income | $4.2B | $4.7B | $3.7B | $5.3B | $6.2B |
| YoY | — | +12.9% | -21.9% | +44.6% | +17.3% |
| Income tax | $901.0M | $1.2B | $778.0M | $1.1B | $1.4B |
| YoY | — | +31.0% | -34.1% | +46.7% | +23.3% |
| Net income | $3.0B | $3.2B | $2.6B | $3.9B | $4.5B |
| YoY | — | +7.4% | -19.2% | +46.7% | +16.1% |
| EPS — basic | $12.56 | $10.25 | $8.25 | $12.36 | $14.67 |
| YoY | — | -18.4% | -19.5% | +49.8% | +18.7% |
| EPS — diluted | $12.51 | $10.20 | $8.23 | $12.35 | $14.66 |
| YoY | — | -18.5% | -19.3% | +50.1% | +18.7% |
| Weighted shares — basic | 240.8M | 316.9M | 318.4M | 311.6M | 304.8M |
| Weighted shares — diluted | 241.8M | 318.5M | 318.9M | 311.9M | 305.1M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $6.5B | $1.3B | $1.3B | $1.7B | $1.7B |
| YoY | — | -80.2% | +0.3% | +29.1% | +4.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.6B | $2.5B | $2.8B | $2.9B | $3.4B |
| YoY | — | +51.2% | +13.3% | +1.5% | +20.0% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $8.8B | $5.7B | $5.1B | $5.5B | $6.3B |
| YoY | — | -35.7% | -9.2% | +6.1% | +15.3% |
| Total assets | $15.0B | $61.8B | $60.6B | $60.2B | $61.2B |
| YoY | — | +311.2% | -1.9% | -0.6% | +1.6% |
| Total current liabilities | $3.8B | $6.0B | $6.1B | $6.4B | $7.6B |
| YoY | — | +57.2% | +2.1% | +4.4% | +19.5% |
| Total liabilities | $9.5B | $22.0B | $22.5B | $22.7B | $25.0B |
| YoY | — | +132.2% | +2.0% | +1.0% | +10.3% |
| Total equity | $2.0B | $36.4B | $34.2B | $33.2B | $31.1B |
| YoY | — | +1690.7% | -6.0% | -3.0% | -6.1% |
| Shares outstanding | 241.0M | 321.9M | 314.1M | 307.8M | 298.8M |
| YoY | — | +33.6% | -2.4% | -2.0% | -2.9% |
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 | $3.6B | $2.6B | $3.7B | $5.7B | $5.7B |
| YoY | — | -27.7% | +42.5% | +53.3% | -0.7% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $12.0B | $3.3B | $3.3B | $5.0B |
| YoY | — | — | -72.5% | +0.0% | +51.5% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 50.9% | 44.2% | 32.2% | 39.3% | 42.2% |
| Net margin | 36.4% | 29.0% | 21.0% | 27.1% | 29.2% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 21.6% | 25.1% | 21.2% | 21.5% | 22.6% |
| Current ratio | 2.31x | 0.94x | 0.84x | 0.85x | 0.82x |
| Total liabilities / equity | 4.67x | 0.61x | 0.66x | 0.68x | 0.80x |
Peer comparison — latest full year
Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| SPGI FY25 · this stock | $15.3B | +7.9% | — | 42.2% | 29.2% | — |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| BAC FY25 | $113.1B | +6.8% | — | — | 27.0% | — |
| PGR FY25 | $87.7B | +16.3% | — | — | 12.9% | 19.6% |
| C FY25 | $85.2B | +5.6% | — | — | 16.8% | -87.0% |
| WFC FY25 | $83.7B | +1.7% | — | — | 25.5% | — |
| MS FY25 | $70.6B | +14.4% | — | — | 23.9% | — |
| CB FY25 | $59.4B | +6.5% | — | — | 17.4% | — |
| GS FY25 | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
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.