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 | $16.9B | $20.9B | $16.1B | $16.4B | $17.0B |
| YoY | — | +23.5% | -23.3% | +2.0% | +3.9% |
| Cost of goods sold | $13.7B | $16.9B | $10.7B | $10.7B | $10.5B |
| YoY | — | +23.0% | -36.8% | +0.2% | -1.8% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $864.8M | $1.7B | $2.6B | $2.7B | $3.3B |
| YoY | — | +99.9% | +51.9% | +2.6% | +23.6% |
| Pretax income | $436.9M | $1.7B | $1.9B | $1.9B | $2.5B |
| YoY | — | +280.7% | +16.8% | -0.2% | +28.3% |
| Income tax | $14.8M | $131.8M | $363.2M | $384.5M | $529.7M |
| YoY | — | +790.5% | +175.6% | +5.9% | +37.8% |
| Net income | $71.2M | $1.2B | $1.3B | $1.3B | $1.9B |
| YoY | — | +1579.1% | +12.6% | -2.5% | +46.6% |
| EPS — basic | $-0.07 | $3.95 | $3.69 | $5.77 | $8.52 |
| YoY | — | +5742.9% | -6.6% | +56.4% | +47.7% |
| EPS — diluted | $-0.07 | $3.88 | $3.66 | $5.74 | $8.49 |
| YoY | — | +5642.9% | -5.7% | +56.8% | +47.9% |
| Weighted shares — basic | 228.6M | 227.3M | 224.6M | 220.2M | 216.1M |
| Weighted shares — diluted | 228.6M | 231.1M | 226.0M | 221.3M | 216.9M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $158.5M | $219.0M | $141.7M | $157.3M | $166.1M |
| YoY | — | +38.2% | -35.3% | +11.0% | +5.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.3B | $1.4B | $1.5B | $1.6B | $1.5B |
| YoY | — | +5.7% | +4.4% | +10.0% | -8.9% |
| Inventory | $153.4M | $393.8M | $371.5M | $334.3M | $429.3M |
| YoY | — | +156.7% | -5.7% | -10.0% | +28.4% |
| Total current assets | $1.8B | $2.4B | $2.2B | $2.3B | $2.4B |
| YoY | — | +33.2% | -6.9% | +4.6% | +2.9% |
| Total assets | $15.2B | $19.6B | $20.7B | $22.7B | $25.2B |
| YoY | — | +28.6% | +5.7% | +10.0% | +10.9% |
| Total current liabilities | $2.3B | $3.1B | $2.8B | $3.2B | $3.5B |
| YoY | — | +33.4% | -10.0% | +14.9% | +11.8% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $2.0B | $2.7B | $2.7B | $2.6B | $3.1B |
| YoY | — | +32.5% | +2.8% | -5.4% | +18.3% |
| Shares outstanding | 228.2M | 226.0M | 222.6M | 217.8M | 214.7M |
| YoY | — | -1.0% | -1.5% | -2.2% | -1.4% |
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 | $2.3B | $2.4B | $3.2B | $3.6B | $3.9B |
| YoY | — | +3.4% | +34.9% | +13.6% | +7.3% |
| Capital expenditures | $505.1M | $1.3B | $2.4B | $3.0B | $3.3B |
| YoY | — | +164.2% | +78.8% | +24.3% | +12.4% |
| Free cash flow | $1.8B | $1.0B | $826.2M | $683.9M | $584.1M |
| YoY | — | -41.8% | -21.1% | -17.2% | -14.6% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 5.1% | 8.3% | 16.4% | 16.5% | 19.6% |
| Net margin | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% |
| Free cash flow margin | 10.6% | 5.0% | 5.1% | 4.2% | 3.4% |
| Effective tax rate | 3.4% | 7.9% | 18.7% | 19.8% | 21.3% |
| Current ratio | 0.77x | 0.77x | 0.79x | 0.72x | 0.67x |
| 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.