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 | $32.3B | $30.6B | $30.8B | $30.7B | $33.5B | $31.5B | $31.6B | $32.3B |
| YoY | — | — | — | — | +3.6% | +2.9% | +2.3% | +5.3% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $7.4B | $7.1B | $6.9B | $7.5B | $7.4B | $7.3B | $7.2B | $7.4B |
| YoY | — | — | — | — | +0.1% | +2.4% | +4.0% | -0.3% |
| Operating income | $5.3B | $5.8B | $6.5B | $6.1B | $5.8B | $6.7B | $7.0B | $4.1B |
| YoY | — | — | — | — | +8.7% | +15.7% | +8.3% | -33.1% |
| Pretax income | $5.3B | $6.0B | $6.1B | $10.7B | $4.3B | $5.4B | $5.8B | $2.7B |
| YoY | — | — | — | — | -19.6% | -9.9% | -4.5% | -74.7% |
| Income tax | $900.0M | $1.3B | $1.2B | $976.0M | $109.0M | $1.2B | $784.0M | $1.4B |
| YoY | — | — | — | — | -87.9% | -9.2% | -36.6% | +42.4% |
| Net income | $4.1B | $4.4B | $4.5B | $9.3B | $3.8B | $3.8B | $4.6B | $891.0M |
| YoY | — | — | — | — | -7.2% | -12.0% | +2.8% | -90.4% |
| EPS — basic | — | $0.61 | $0.62 | $1.29 | — | $0.54 | $0.66 | $0.12 |
| YoY | — | — | — | — | — | -11.5% | +6.5% | -90.7% |
| EPS — diluted | — | $0.61 | $0.62 | $1.29 | — | $0.54 | $0.66 | $0.12 |
| YoY | — | — | — | — | — | -11.5% | +6.5% | -90.7% |
| Weighted shares — basic | — | 7.21B | 7.21B | 7.16B | — | 7.02B | 6.94B | 6.83B |
| Weighted shares — diluted | — | 7.22B | 7.22B | 7.17B | — | 7.03B | 6.95B | 6.84B |
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 | $3.3B | $6.9B | $10.5B | $20.3B | $18.2B | $12.0B | $17.6B | $10.8B |
| YoY | — | — | — | — | +452.9% | +73.8% | +67.3% | -46.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $9.6B | $9.2B | $8.8B | $8.9B | $8.8B | $8.3B | $8.5B | $8.0B |
| YoY | — | — | — | — | -8.2% | -9.7% | -3.7% | -10.6% |
| Inventory | $2.3B | $2.6B | $2.4B | $2.9B | $2.4B | $2.5B | $2.4B | $2.9B |
| YoY | — | — | — | — | +6.6% | -5.5% | +0.5% | +0.2% |
| Total current assets | $31.2B | $33.8B | $39.3B | $54.6B | $48.7B | $46.3B | $51.8B | $52.3B |
| YoY | — | — | — | — | +56.4% | +37.0% | +31.9% | -4.1% |
| Total assets | $394.8B | $397.5B | $405.5B | $423.2B | $420.2B | $421.2B | $428.4B | $445.9B |
| YoY | — | — | — | — | +6.4% | +6.0% | +5.6% | +5.4% |
| Total current liabilities | $46.9B | $48.0B | $48.6B | $53.9B | $53.8B | $50.4B | $53.4B | $60.3B |
| YoY | — | — | — | — | +14.7% | +5.0% | +9.9% | +11.9% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | — | $9.0B | $9.8B | $10.2B | — | $7.6B | $10.8B | $10.5B |
| YoY | — | — | — | — | — | -16.1% | +10.6% | +3.6% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $13.0M | $218.0M | $961.0M | $1.5B | $1.8B | $2.5B | $2.2B | $2.8B |
| YoY | — | — | — | — | +13984.6% | +1035.3% | +128.3% | +88.1% |
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 | 16.5% | 18.8% | 21.1% | 19.9% | 17.3% | 21.1% | 22.3% | 12.7% |
| Net margin | 12.6% | 14.2% | 14.6% | 30.3% | 11.3% | 12.2% | 14.7% | 2.8% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 17.0% | 21.7% | 20.3% | 9.2% | 2.6% | 21.8% | 13.5% | 51.6% |
| Current ratio | 0.66x | 0.70x | 0.81x | 1.01x | 0.91x | 0.92x | 0.97x | 0.87x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| T FY25 · this stock | $125.6B | +2.7% | — | 19.2% | 17.5% | — |
| GOOGL FY25 | $402.8B | +15.1% | — | 32.0% | 32.8% | 18.2% |
| META FY25 | $201.0B | +22.2% | — | 41.4% | 30.1% | 22.9% |
| VZ FY25 | $138.2B | +2.5% | — | 21.2% | 12.4% | — |
| DIS FY25 | $94.4B | +3.4% | — | 18.6% | 13.1% | — |
| TMUS FY25 | $88.3B | +8.5% | — | 20.7% | 12.4% | 20.4% |
| CHTR FY25 | $54.8B | -0.6% | — | 23.6% | 9.1% | 8.1% |
| NFLX FY25 | $45.2B | +15.9% | — | 29.5% | 24.3% | 20.9% |
| LYV FY25 | $25.2B | +8.8% | — | 5.0% | 2.0% | 1.3% |
| OMC FY25 | $17.3B | +10.1% | — | 2.6% | -0.3% | 16.1% |
| FOXA FY23 | $14.9B | +6.7% | — | — | — | 9.7% |
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.