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.
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 | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Cost of goods sold | $110.8B | $159.6B | $131.8B | $125.1B | $117.3B |
| YoY | — | +44.0% | -17.4% | -5.1% | -6.3% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.1B | $15.7B | $11.9B | $3.8B | $3.2B |
| YoY | — | +636.6% | -24.4% | -68.3% | -15.3% |
| Pretax income | $1.5B | $15.3B | $11.8B | $3.7B | $3.0B |
| YoY | — | +892.0% | -23.1% | -68.6% | -18.7% |
| Income tax | $255.0M | $3.4B | $2.6B | $692.0M | $759.0M |
| YoY | — | +1244.3% | -23.6% | -73.6% | +9.7% |
| Net income | $930.0M | $11.5B | $8.8B | $2.8B | $2.3B |
| YoY | — | +1139.6% | -23.4% | -68.6% | -15.2% |
| EPS — basic | $2.27 | $29.05 | $24.93 | $8.58 | $7.57 |
| YoY | — | +1179.7% | -14.2% | -65.6% | -11.8% |
| EPS — diluted | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
| YoY | — | +1179.3% | -14.2% | -65.6% | -11.8% |
| Weighted shares — basic | 407.0M | 395.0M | 353.0M | 322.0M | 309.0M |
| Weighted shares — diluted | 407.0M | 396.0M | 353.0M | 322.0M | 309.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $4.1B | $4.9B | $5.4B | $4.7B | $4.7B |
| YoY | — | +18.0% | +11.6% | -14.1% | +0.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $10.4B | $11.9B | $12.5B | $10.7B | $9.9B |
| YoY | — | +14.8% | +5.1% | -14.5% | -7.8% |
| Inventory | $6.3B | $6.8B | $7.6B | $7.8B | $7.6B |
| YoY | — | +7.8% | +12.3% | +2.3% | -2.2% |
| Total current assets | $21.2B | $24.1B | $26.2B | $23.7B | $23.2B |
| YoY | — | +14.0% | +8.7% | -9.5% | -2.2% |
| Total assets | $57.9B | $61.0B | $63.1B | $60.1B | $58.0B |
| YoY | — | +5.3% | +3.4% | -4.6% | -3.6% |
| Total current liabilities | $16.9B | $17.5B | $16.8B | $15.5B | $14.1B |
| YoY | — | +3.6% | -3.8% | -7.8% | -8.9% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $18.4B | $23.6B | $26.3B | $24.5B | $23.7B |
| YoY | — | +27.8% | +11.8% | -7.0% | -3.2% |
| 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 | $5.9B | $12.6B | $9.2B | $6.7B | $5.8B |
| YoY | — | +114.6% | -26.6% | -27.6% | -12.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $27.0M | $4.6B | $5.1B | $2.9B | $2.6B |
| YoY | — | +16851.9% | +12.2% | -44.0% | -9.6% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 16.5% | 22.4% | 22.3% | 18.7% | 25.3% |
| Current ratio | 1.26x | 1.38x | 1.56x | 1.53x | 1.65x |
| 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 |
|---|---|---|---|---|---|---|
| VLO FY25 · this stock | — | — | — | — | — | — |
| 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.