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 | $11.2B | $12.0B | $11.5B | $12.7B | $13.5B | $14.4B | $13.2B | $14.2B |
| YoY | — | — | — | — | +20.4% | +20.1% | +14.5% | +12.2% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $774.0M | $785.0M | $815.0M | $840.0M | $862.0M | $885.0M | $951.0M | $1.0B |
| YoY | — | — | — | — | +11.4% | +12.7% | +16.7% | +24.2% |
| Selling, general & administrative | $1.7B | $2.3B | $1.7B | $1.9B | $2.5B | $2.1B | $2.1B | $2.5B |
| YoY | — | — | — | — | +42.5% | -10.2% | +23.9% | +30.4% |
| Operating income | $1.1B | $770.0M | $1.2B | $1.4B | $1.1B | $1.8B | $1.9B | $1.9B |
| YoY | — | — | — | — | +4.9% | +130.4% | +56.6% | +30.3% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $158.0M | $-6.0B | $-402.0M | $142.0M | $-4.0B | $-40.0M | $194.0M | $840.0M |
| YoY | — | — | — | — | -2660.8% | +99.3% | +148.3% | +491.5% |
| Net income | $2.6B | $6.9B | $1.8B | $1.4B | $6.6B | $296.0M | $263.0M | $2.4B |
| YoY | — | — | — | — | +153.7% | -95.7% | -85.2% | +76.7% |
| EPS — basic | $1.24 | — | $0.85 | $0.65 | $3.18 | — | $0.13 | $1.18 |
| YoY | — | — | — | — | +156.5% | — | -84.7% | +81.5% |
| EPS — diluted | $1.20 | — | $0.83 | $0.63 | $3.11 | — | $0.13 | $1.17 |
| YoY | — | — | — | — | +159.2% | — | -84.3% | +85.7% |
| Weighted shares — basic | 2.10B | — | 2.09B | 2.09B | 2.08B | — | 2.05B | 2.04B |
| Weighted shares — diluted | 2.15B | — | 2.12B | 2.13B | 2.12B | — | 2.07B | 2.05B |
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 | $6.2B | $5.9B | $5.1B | $6.4B | $8.4B | $7.1B | $5.6B | $4.9B |
| YoY | — | — | — | — | +37.1% | +20.6% | +8.3% | -24.4% |
| Marketable securities (current) | $2.9B | $1.1B | $894.0M | $932.0M | $654.0M | $528.0M | $533.0M | $521.0M |
| YoY | — | — | — | — | -77.5% | -51.3% | -40.4% | -44.1% |
| Accounts receivable | $3.7B | $3.3B | $3.5B | $3.8B | $3.8B | $3.8B | $3.9B | $4.3B |
| YoY | — | — | — | — | +1.5% | +14.8% | +11.6% | +14.0% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $15.3B | $12.2B | $12.3B | $14.1B | $15.1B | $14.0B | $12.8B | $12.5B |
| YoY | — | — | — | — | -1.3% | +14.3% | +3.8% | -11.2% |
| Total assets | $47.1B | $51.2B | $52.8B | $56.0B | $63.3B | $61.8B | $59.9B | $65.8B |
| YoY | — | — | — | — | +34.4% | +20.6% | +13.4% | +17.5% |
| Total current liabilities | $10.8B | $11.5B | $12.1B | $12.7B | $13.1B | $12.3B | $12.0B | $14.9B |
| YoY | — | — | — | — | +21.1% | +7.4% | -1.0% | +17.2% |
| Total liabilities | $30.6B | $28.8B | $29.9B | $32.4B | $34.2B | $33.7B | $34.1B | $37.4B |
| YoY | — | — | — | — | +11.8% | +17.2% | +13.9% | +15.6% |
| Total equity | $14.8B | $21.6B | $22.0B | $22.6B | $28.1B | $27.0B | $24.8B | $27.3B |
| YoY | — | — | — | — | +90.4% | +25.4% | +12.6% | +20.9% |
| Shares outstanding | 2.10B | 2.11B | 2.09B | 2.09B | 2.08B | 2.07B | 2.04B | 2.04B |
| YoY | — | — | — | — | -1.2% | -1.9% | -2.7% | -2.2% |
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 | $2.2B | $1.8B | $2.3B | $2.6B | $2.3B | $2.9B | $2.4B | $2.9B |
| YoY | — | — | — | — | +8.2% | +64.7% | +1.2% | +11.6% |
| Capital expenditures | $42.0M | $44.0M | $74.0M | $89.0M | $98.0M | $75.0M | $65.0M | $70.0M |
| YoY | — | — | — | — | +133.3% | +70.5% | -12.2% | -21.3% |
| Free cash flow | $2.1B | $1.7B | $2.2B | $2.5B | $2.2B | $2.8B | $2.3B | $2.8B |
| YoY | — | — | — | — | +5.7% | +64.6% | +1.6% | +12.8% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $372.0M | $555.0M | $1.8B | $1.4B | $1.5B | $1.9B | $3.0B | $518.0M |
| YoY | — | — | — | — | +293.3% | +244.5% | +68.7% | -62.0% |
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 | 9.5% | 6.4% | 10.6% | 11.5% | 8.3% | 12.3% | 14.6% | 13.3% |
| Net margin | 23.3% | 57.6% | 15.4% | 10.7% | 49.2% | 2.1% | 2.0% | 16.9% |
| Free cash flow margin | 18.9% | 14.3% | 19.5% | 19.6% | 16.6% | 19.5% | 17.3% | 19.7% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 1.41x | 1.07x | 1.02x | 1.11x | 1.15x | 1.14x | 1.07x | 0.84x |
| Total liabilities / equity | 2.07x | 1.33x | 1.36x | 1.43x | 1.22x | 1.25x | 1.38x | 1.37x |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| UBER FY25 · this stock | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
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.