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 | $3.9B | $4.4B | $4.6B | $4.3B | $4.2B | $4.1B | $4.1B | $4.4B |
| YoY | — | — | — | — | +7.8% | -7.9% | -10.2% | +4.2% |
| Cost of goods sold | $2.4B | $2.9B | $3.3B | $2.4B | $2.5B | $2.3B | $2.4B | $2.3B |
| YoY | — | — | — | — | +6.0% | -21.0% | -26.5% | -5.5% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $728.2M | $700.5M | $543.3M | $1.0B | $836.9M | $917.4M | $846.9M | $1.2B |
| YoY | — | — | — | — | +14.9% | +31.0% | +55.9% | +19.4% |
| Pretax income | $545.1M | $524.4M | $352.0M | $821.3M | $620.9M | $692.2M | $611.3M | $1.0B |
| YoY | — | — | — | — | +13.9% | +32.0% | +73.7% | +22.4% |
| Income tax | $97.0M | $110.4M | $72.2M | $184.1M | $134.3M | $139.1M | $123.9M | $227.2M |
| YoY | — | — | — | — | +38.5% | +26.0% | +71.6% | +23.4% |
| Net income | $387.4M | $351.0M | $270.5M | $629.1M | $478.4M | $545.0M | $479.6M | $764.6M |
| YoY | — | — | — | — | +23.5% | +55.3% | +77.3% | +21.5% |
| EPS — basic | $1.76 | — | $0.91 | $2.88 | $2.21 | — | $2.22 | $3.54 |
| YoY | — | — | — | — | +25.6% | — | +144.0% | +22.9% |
| EPS — diluted | $1.75 | — | $0.91 | $2.87 | $2.20 | — | $2.21 | $3.54 |
| YoY | — | — | — | — | +25.7% | — | +142.9% | +23.3% |
| Weighted shares — basic | 219.0M | — | 217.9M | 216.6M | 215.2M | — | 214.8M | 214.6M |
| Weighted shares — diluted | 220.0M | — | 218.7M | 217.3M | 216.0M | — | 215.5M | 215.2M |
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 | $127.2M | $157.3M | $151.4M | $113.1M | $124.1M | $166.1M | $100.1M | $132.3M |
| YoY | — | — | — | — | -2.4% | +5.6% | -33.9% | +17.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.3B | $1.6B | $1.4B | $1.4B | $1.4B | $1.5B | $1.7B | $2.0B |
| YoY | — | — | — | — | +8.2% | -8.9% | +20.6% | +38.6% |
| Inventory | $414.9M | $334.3M | $256.2M | $443.5M | $490.7M | $429.3M | $334.4M | $311.7M |
| YoY | — | — | — | — | +18.3% | +28.4% | +30.5% | -29.7% |
| Total current assets | $2.0B | $2.3B | $2.1B | $2.2B | $2.3B | $2.4B | $2.4B | $2.6B |
| YoY | — | — | — | — | +12.4% | +2.9% | +17.4% | +19.1% |
| Total assets | $21.9B | $22.7B | $22.8B | $23.5B | $24.2B | $25.2B | $27.1B | $28.5B |
| YoY | — | — | — | — | +10.4% | +10.9% | +18.9% | +21.3% |
| Total current liabilities | $2.6B | $3.2B | $3.2B | $3.2B | $2.9B | $3.5B | $3.4B | $3.4B |
| YoY | — | — | — | — | +12.2% | +11.8% | +6.2% | +7.4% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $2.6B | $2.6B | $2.5B | $2.6B | $2.7B | $3.1B | $3.1B | $3.7B |
| YoY | — | — | — | — | +5.2% | +18.3% | +27.9% | +41.3% |
| Shares outstanding | 218.3M | 217.8M | 217.5M | 215.5M | 214.8M | 214.7M | 214.7M | 214.4M |
| YoY | — | — | — | — | -1.6% | -1.4% | -1.3% | -0.5% |
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 | $540.9M | $1.3B | $954.4M | $858.3M | $599.2M | $1.5B | $739.5M | $1.4B |
| YoY | — | — | — | — | +10.8% | +13.4% | -22.5% | +67.9% |
| Capital expenditures | $828.8M | $726.9M | $792.2M | $906.1M | $671.8M | $963.2M | $899.5M | $1.0B |
| YoY | — | — | — | — | -18.9% | +32.5% | +13.5% | +11.5% |
| Free cash flow | $-287.9M | $601.0M | $162.2M | $-47.8M | $-72.6M | $542.3M | $-160.0M | $431.2M |
| YoY | — | — | — | — | +74.8% | -9.8% | -198.6% | +1002.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | 18.9% | 15.9% | 11.9% | 24.3% | 20.2% | 22.6% | 20.7% | 27.8% |
| Net margin | 10.1% | 8.0% | 5.9% | 14.8% | 11.5% | 13.4% | 11.7% | 17.2% |
| Free cash flow margin | -7.5% | 13.6% | 3.6% | -1.1% | -1.7% | 13.4% | -3.9% | 9.7% |
| Effective tax rate | 17.8% | 21.1% | 20.5% | 22.4% | 21.6% | 20.1% | 20.3% | 22.6% |
| Current ratio | 0.77x | 0.72x | 0.65x | 0.69x | 0.77x | 0.67x | 0.72x | 0.77x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| TRGP FY25 · this stock | $17.0B | +3.9% | — | 19.6% | 11.3% | 3.4% |
| 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% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| 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% | — |
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.