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 | $4.2B | $5.8B | $5.8B | $5.4B | $5.8B |
| YoY | — | +37.8% | +1.3% | -7.1% | +6.4% |
| Gross profit | $1.4B | $1.6B | $1.9B | $2.0B | $2.2B |
| YoY | — | +13.4% | +25.1% | +2.6% | +8.8% |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | $417.6M | $515.1M | $542.8M | $531.1M | $564.1M |
| YoY | — | +23.3% | +5.4% | -2.2% | +6.2% |
| Operating income | $1.0B | $951.4M | $1.4B | $1.4B | $1.6B |
| YoY | — | -5.9% | +50.0% | -4.4% | +18.7% |
| Pretax income | $873.8M | $788.1M | $1.2B | $1.2B | $1.4B |
| YoY | — | -9.8% | +58.0% | -5.9% | +18.6% |
| Income tax | $200.1M | $193.0M | $299.4M | $251.4M | $307.5M |
| YoY | — | -3.5% | +55.1% | -16.0% | +22.3% |
| Net income | $670.8M | $575.6M | $933.2M | $911.9M | $1.1B |
| YoY | — | -14.2% | +62.1% | -2.3% | +18.1% |
| EPS — basic | $5.05 | $4.33 | $7.02 | $6.89 | $8.16 |
| YoY | — | -14.3% | +62.1% | -1.9% | +18.4% |
| EPS — diluted | $5.02 | $4.31 | $6.98 | $6.85 | $8.11 |
| YoY | — | -14.1% | +61.9% | -1.9% | +18.4% |
| Weighted shares — basic | 132.8M | 133.0M | 133.0M | 132.3M | 132.0M |
| Weighted shares — diluted | 133.5M | 133.6M | 133.7M | 133.1M | 132.7M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $235.0M | $161.4M | $931.1M | $559.7M | $183.3M |
| YoY | — | -31.3% | +476.9% | -39.9% | -67.3% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Inventory | $521.3M | $579.3M | $615.6M | $681.8M | $680.5M |
| YoY | — | +11.1% | +6.3% | +10.8% | -0.2% |
| Total current assets | $1.7B | $1.9B | $2.5B | $2.3B | $2.6B |
| YoY | — | +12.1% | +32.7% | -10.3% | +13.3% |
| Total assets | $13.7B | $14.2B | $14.5B | $17.1B | $16.7B |
| YoY | — | +4.0% | +2.2% | +17.6% | -2.4% |
| Total current liabilities | $769.3M | $956.6M | $797.6M | $1.2B | $956.1M |
| YoY | — | +24.3% | -16.6% | +55.4% | -22.8% |
| Total liabilities | $7.1B | $7.3B | $7.0B | $9.0B | $8.2B |
| YoY | — | +2.4% | -3.4% | +27.3% | -9.0% |
| Total equity | $6.5B | $6.9B | $7.5B | $8.1B | $8.5B |
| YoY | — | +5.9% | +8.0% | +8.5% | +5.0% |
| Shares outstanding | 132.7M | 132.9M | 132.1M | 132.1M | 130.6M |
| YoY | — | +0.2% | -0.6% | +0.0% | -1.1% |
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 | $1.0B | $1.1B | $1.5B | $1.4B | $1.8B |
| YoY | — | +13.5% | +33.8% | -8.3% | +28.6% |
| Capital expenditures | $451.3M | $612.6M | $872.6M | $603.5M | $677.7M |
| YoY | — | +35.7% | +42.4% | -30.8% | +12.3% |
| Free cash flow | $560.6M | $535.6M | $664.2M | $806.1M | $1.1B |
| YoY | — | -4.5% | +24.0% | +21.4% | +40.8% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $0 | $200.0M | $68.8M | $438.4M |
| YoY | — | — | — | -65.6% | +537.2% |
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 | 22.9% | 24.5% | 24.0% | 21.4% | 22.1% |
| Current ratio | 2.21x | 1.99x | 3.17x | 1.83x | 2.69x |
| Total liabilities / equity | 1.09x | 1.05x | 0.94x | 1.10x | 0.96x |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| VMC FY25 · this stock | — | — | — | — | — | — |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
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.