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 | $6.1B | $6.0B | $6.2B | $6.2B | $6.1B | $6.2B | $6.9B | $7.2B |
| YoY | — | — | — | — | -0.6% | +3.2% | +11.5% | +15.3% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $2.5B | $2.4B | $2.5B | $2.5B | $2.4B | $2.5B | $2.8B | $2.9B |
| YoY | — | — | — | — | -4.9% | +3.7% | +9.4% | +15.5% |
| Pretax income | $2.3B | $2.1B | $2.3B | $2.3B | $2.4B | $2.2B | $2.6B | $2.7B |
| YoY | — | — | — | — | +5.6% | +4.8% | +10.5% | +17.6% |
| Income tax | $519.0M | $501.0M | $437.0M | $530.0M | $560.0M | $528.0M | $562.0M | $650.0M |
| YoY | — | — | — | — | +7.9% | +5.4% | +28.6% | +22.6% |
| Net income | $1.8B | $1.6B | $1.9B | $1.8B | $1.8B | $1.7B | $2.0B | $2.1B |
| YoY | — | — | — | — | +4.9% | +4.6% | +6.2% | +16.1% |
| EPS — basic | — | $2.71 | $3.16 | $3.02 | — | $2.87 | $3.36 | $3.50 |
| YoY | — | — | — | — | — | +5.9% | +6.3% | +15.9% |
| EPS — diluted | — | $2.70 | $3.15 | $3.01 | — | $2.87 | $3.36 | $3.49 |
| YoY | — | — | — | — | — | +6.3% | +6.7% | +15.9% |
| Weighted shares — basic | — | 601.0M | 594.1M | 592.4M | — | 593.0M | 593.4M | 593.7M |
| Weighted shares — diluted | — | 601.9M | 594.8M | 593.2M | — | 593.6M | 594.0M | 594.5M |
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 | $1.0B | $1.4B | $1.1B | $808.0M | $1.3B | $735.0M | $1.6B | $2.2B |
| YoY | — | — | — | — | +24.6% | -47.9% | +52.3% | +173.6% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.9B | $2.0B | $1.9B | $1.9B | $1.9B | $2.0B | $2.1B | $2.1B |
| YoY | — | — | — | — | -1.8% | +1.1% | +11.2% | +11.4% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $4.0B | $4.5B | $4.2B | $3.9B | $4.6B | $4.2B | $5.5B | $6.5B |
| YoY | — | — | — | — | +13.3% | -7.1% | +32.3% | +66.9% |
| Total assets | $67.7B | $68.5B | $68.6B | $68.6B | $69.7B | $69.6B | $71.2B | $72.6B |
| YoY | — | — | — | — | +2.9% | +1.7% | +3.8% | +5.8% |
| Total current liabilities | $5.3B | $6.2B | $6.5B | $5.2B | $5.0B | $4.6B | $5.6B | $5.6B |
| YoY | — | — | — | — | -4.6% | -26.0% | -13.0% | +7.4% |
| Total liabilities | $50.8B | $52.5B | $52.3B | $51.3B | $51.2B | $50.2B | $50.5B | $50.6B |
| YoY | — | — | — | — | +0.8% | -4.2% | -3.4% | -1.5% |
| Total equity | $16.9B | $16.0B | $16.3B | $17.3B | $18.5B | $19.4B | $20.7B | $22.0B |
| YoY | — | — | — | — | +9.3% | +21.1% | +27.2% | +27.2% |
| Shares outstanding | 604.2M | 599.0M | 593.0M | 593.1M | 593.2M | 593.7M | 594.0M | 594.2M |
| YoY | — | — | — | — | -1.8% | -0.9% | +0.2% | +0.2% |
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 | $2.7B | $2.2B | $2.3B | $2.5B | $2.2B | $2.4B | $3.1B | $2.8B |
| YoY | — | — | — | — | -16.4% | +10.4% | +31.8% | +10.5% |
| Capital expenditures | $922.0M | $906.0M | $936.0M | $950.0M | $999.0M | $937.0M | $873.0M | $1.0B |
| YoY | — | — | — | — | +8.4% | +3.4% | -6.7% | +7.8% |
| Free cash flow | $1.7B | $1.3B | $1.4B | $1.6B | $1.2B | $1.5B | $2.2B | $1.8B |
| YoY | — | — | — | — | -29.5% | +15.3% | +57.7% | +12.1% |
| Dividends paid | $810.0M | $804.0M | $795.0M | $819.0M | $818.0M | $821.0M | $819.0M | $844.0M |
| YoY | — | — | — | — | +1.0% | +2.1% | +3.0% | +3.1% |
| Share repurchases | $674.0M | $1.4B | $1.3B | $0 | $0 | $0 | $26.0M | $0 |
| YoY | — | — | — | — | -100.0% | -100.0% | -97.9% | — |
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 | 41.3% | 39.3% | 41.0% | 40.8% | 39.5% | 39.5% | 40.3% | 40.9% |
| Net margin | 28.8% | 27.0% | 30.5% | 28.6% | 30.4% | 27.4% | 29.0% | 28.8% |
| Free cash flow margin | 28.4% | 21.6% | 22.7% | 25.2% | 20.1% | 24.2% | 32.1% | 24.5% |
| Effective tax rate | 22.8% | 23.6% | 18.9% | 22.9% | 23.3% | 23.7% | 22.0% | 23.8% |
| Current ratio | 0.77x | 0.73x | 0.65x | 0.75x | 0.91x | 0.92x | 0.99x | 1.16x |
| Total liabilities / equity | 3.01x | 3.27x | 3.22x | 2.97x | 2.77x | 2.59x | 2.44x | 2.30x |
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 |
|---|---|---|---|---|---|---|
| UNP FY25 · this stock | $24.5B | +1.1% | — | 40.2% | 29.1% | 22.4% |
| 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% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| 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% | — | — |
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.