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 | $53.8B | $81.5B | $96.8B | $97.7B | $94.8B |
| YoY | — | +51.4% | +18.8% | +0.9% | -2.9% |
| Cost of goods sold | $40.2B | $60.6B | $79.1B | $80.2B | $77.7B |
| YoY | — | +50.7% | +30.5% | +1.4% | -3.1% |
| Gross profit | $13.6B | $20.9B | $17.7B | $17.4B | $17.1B |
| YoY | — | +53.3% | -15.3% | -1.2% | -2.0% |
| Research & development | $2.6B | $3.1B | $4.0B | $4.5B | $6.4B |
| YoY | — | +18.6% | +29.1% | +14.4% | +41.2% |
| Selling, general & administrative | $4.5B | $3.9B | $4.8B | $5.2B | $5.8B |
| YoY | — | -12.6% | +21.6% | +7.3% | +13.3% |
| Operating income | $6.5B | $13.7B | $8.9B | $7.1B | $4.4B |
| YoY | — | +109.4% | -34.9% | -20.4% | -38.5% |
| Pretax income | $6.3B | $13.7B | $10.0B | $9.0B | $5.3B |
| YoY | — | +116.3% | -27.3% | -9.9% | -41.3% |
| Income tax | $699.0M | $1.1B | $-5.0B | $1.8B | $1.4B |
| YoY | — | +61.9% | -541.8% | +136.7% | -22.5% |
| Net income | $5.5B | $12.6B | $15.0B | $7.1B | $3.8B |
| YoY | — | +127.5% | +19.4% | -52.7% | -46.5% |
| EPS — basic | $1.87 | $4.02 | $4.73 | $2.23 | $1.18 |
| YoY | — | +115.0% | +17.7% | -52.9% | -47.1% |
| EPS — diluted | $1.63 | $3.62 | $4.30 | $2.04 | $1.08 |
| YoY | — | +122.1% | +18.8% | -52.6% | -47.1% |
| Weighted shares — basic | 2.96B | 3.13B | 3.17B | 3.20B | 3.23B |
| Weighted shares — diluted | 3.39B | 3.48B | 3.48B | 3.50B | 3.53B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $17.6B | $16.3B | $16.4B | $16.1B | $16.5B |
| YoY | — | -7.5% | +0.9% | -1.6% | +2.3% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.9B | $3.0B | $3.5B | $4.4B | $4.6B |
| YoY | — | +54.3% | +18.8% | +25.9% | +3.6% |
| Inventory | $5.8B | $12.8B | $13.6B | $12.0B | $12.4B |
| YoY | — | +123.0% | +6.1% | -11.8% | +3.1% |
| Total current assets | $27.1B | $40.9B | $49.6B | $58.4B | $68.6B |
| YoY | — | +51.0% | +21.3% | +17.6% | +17.6% |
| Total assets | $62.1B | $82.3B | $106.6B | $122.1B | $137.8B |
| YoY | — | +32.5% | +29.5% | +14.5% | +12.9% |
| Total current liabilities | $19.7B | $26.7B | $28.7B | $28.8B | $31.7B |
| YoY | — | +35.5% | +7.6% | +0.3% | +10.0% |
| Total liabilities | $30.5B | $36.4B | $43.0B | $48.4B | $54.9B |
| YoY | — | +19.3% | +18.0% | +12.5% | +13.5% |
| Total equity | $30.2B | $44.7B | $62.6B | $72.9B | $82.1B |
| YoY | — | +48.1% | +40.1% | +16.4% | +12.7% |
| Shares outstanding | 3.10B | 3.16B | 3.19B | 3.22B | 3.75B |
| YoY | — | +2.1% | +0.7% | +1.0% | +16.6% |
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 | $11.5B | $14.7B | $13.3B | $14.9B | $14.7B |
| YoY | — | +28.1% | -10.0% | +12.6% | -1.2% |
| Capital expenditures | $6.5B | $7.2B | $8.9B | $11.3B | $8.5B |
| YoY | — | +10.4% | +24.3% | +27.5% | -24.8% |
| Free cash flow | $5.0B | $7.6B | $4.4B | $3.6B | $6.2B |
| YoY | — | +50.9% | -42.4% | -17.8% | +73.7% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 25.3% | 25.6% | 18.2% | 17.9% | 18.0% |
| Operating margin | 12.1% | 16.8% | 9.2% | 7.2% | 4.6% |
| Net margin | 10.3% | 15.4% | 15.5% | 7.3% | 4.0% |
| Free cash flow margin | 9.3% | 9.3% | 4.5% | 3.7% | 6.6% |
| Effective tax rate | 11.0% | 8.3% | -50.1% | 20.4% | 27.0% |
| Current ratio | 1.38x | 1.53x | 1.73x | 2.02x | 2.16x |
| Total liabilities / equity | 1.01x | 0.82x | 0.69x | 0.66x | 0.67x |
Peer comparison — latest full year
Same sector (Consumer Discretionary), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| TSLA FY25 · this stock | $94.8B | -2.9% | 18.0% | 4.6% | 4.0% | 6.6% |
| AMZN FY25 | $716.9B | +12.4% | — | 11.2% | 10.8% | — |
| GM FY25 | $185.0B | -1.3% | — | 1.6% | 1.5% | 9.5% |
| F FY24 | $185.0B | +5.0% | — | 2.8% | — | — |
| HD FY26 | $164.7B | +3.2% | 33.3% | 12.7% | 8.6% | — |
| LOW FY26 | $86.3B | +3.1% | 33.5% | 11.8% | 7.7% | 8.9% |
| NKE FY26 | $46.4B | +0.2% | 42.9% | — | 6.7% | 4.7% |
| SBUX FY25 | $37.2B | +2.8% | — | 7.9% | 5.0% | 6.6% |
| MCD FY25 | $26.9B | +3.7% | — | 46.1% | 31.9% | 26.7% |
| MAR FY25 | $26.2B | +4.3% | — | 15.8% | 9.9% | — |
| ROST FY26 | $22.8B | +7.7% | — | — | 9.4% | 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.