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 | $97.3B | $100.3B | $91.0B | $91.1B | $88.7B |
| YoY | — | +3.1% | -9.3% | +0.1% | -2.6% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $12.8B | $13.1B | $9.1B | $8.5B | $7.9B |
| YoY | — | +2.2% | -30.2% | -7.4% | -7.1% |
| Pretax income | $16.6B | $14.8B | $8.6B | $7.4B | $7.2B |
| YoY | — | -10.7% | -42.2% | -13.2% | -3.7% |
| Income tax | $3.7B | $3.3B | $1.9B | $1.7B | $1.6B |
| YoY | — | -11.6% | -43.1% | -11.0% | -4.1% |
| Net income | $12.9B | $11.5B | $6.7B | $5.8B | $5.6B |
| YoY | — | -10.4% | -41.9% | -13.8% | -3.6% |
| EPS — basic | $14.75 | $13.26 | $7.81 | $6.76 | $6.56 |
| YoY | — | -10.1% | -41.1% | -13.4% | -3.0% |
| EPS — diluted | $14.68 | $13.20 | $7.80 | $6.75 | $6.56 |
| YoY | — | -10.1% | -40.9% | -13.5% | -2.8% |
| Weighted shares — basic | 874.0M | 871.0M | 859.0M | 855.0M | 849.0M |
| Weighted shares — diluted | 878.0M | 875.0M | 860.0M | 856.0M | 850.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $10.3B | $5.6B | $3.2B | $6.1B | $5.9B |
| YoY | — | -45.4% | -42.8% | +90.6% | -3.7% |
| Marketable securities (current) | $338.0M | $2.0B | $2.9B | $206.0M | — |
| YoY | — | +489.6% | +43.8% | -92.8% | — |
| Accounts receivable | $12.5B | $12.6B | $11.2B | $10.9B | $11.2B |
| YoY | — | +0.3% | -10.9% | -3.1% | +3.1% |
| Inventory | $717.0M | $889.0M | $935.0M | $826.0M | $739.0M |
| YoY | — | +24.0% | +5.2% | -11.7% | -10.5% |
| Total current assets | $24.9B | $22.2B | $19.4B | $19.3B | $19.0B |
| YoY | — | -10.9% | -12.6% | -0.5% | -1.4% |
| Total assets | $69.4B | $71.1B | $70.9B | $70.1B | $73.1B |
| YoY | — | +2.5% | -0.4% | -1.1% | +4.3% |
| Total current liabilities | $17.6B | $18.1B | $17.7B | $16.4B | $15.6B |
| YoY | — | +3.3% | -2.6% | -7.0% | -5.0% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $14.3B | $19.8B | $17.3B | $16.7B | $16.2B |
| YoY | — | +38.8% | -12.5% | -3.4% | -2.9% |
| Shares outstanding | — | — | — | — | — |
| YoY | — | — | — | — | — |
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 | $15.0B | $14.1B | $10.2B | $10.1B | $8.4B |
| YoY | — | -6.0% | -27.4% | -1.1% | -16.5% |
| Capital expenditures | $4.2B | $4.8B | $5.2B | $3.9B | $3.7B |
| YoY | — | +13.7% | +8.2% | -24.2% | -5.7% |
| Free cash flow | $10.8B | $9.3B | $5.1B | $6.2B | $4.8B |
| YoY | — | -13.7% | -45.6% | +22.3% | -23.3% |
| Dividends paid | $3.4B | $5.1B | $5.4B | $5.4B | $5.4B |
| YoY | — | +48.8% | +5.0% | +0.5% | -0.0% |
| Share repurchases | $500.0M | $3.5B | $2.2B | $500.0M | $1.0B |
| YoY | — | +600.0% | -35.7% | -77.8% | +100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 13.2% | 13.0% | 10.0% | 9.3% | 8.9% |
| Net margin | 13.2% | 11.5% | 7.4% | 6.3% | 6.3% |
| Free cash flow margin | 11.1% | 9.3% | 5.6% | 6.8% | 5.4% |
| Effective tax rate | 22.3% | 22.1% | 21.8% | 22.3% | 22.2% |
| Current ratio | 1.42x | 1.22x | 1.10x | 1.17x | 1.22x |
| Total liabilities / equity | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| UPS FY25 · this stock | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| 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% | — | — |
| 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.