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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | — | $1.6B | $2.1B | $2.3B | — | $1.8B |
| YoY | — | — | — | — | +4.4% | +14.4% | — | +7.4% |
| Cost of goods sold | $1.4B | $1.4B | $1.3B | $1.3B | $1.5B | $1.6B | $1.4B | $1.3B |
| YoY | — | — | — | — | +3.9% | +10.8% | +8.3% | +5.0% |
| Gross profit | $592.2M | $565.2M | $537.2M | $365.3M | $625.2M | $697.2M | $486.9M | $422.7M |
| YoY | — | — | — | — | +5.6% | +23.4% | -9.4% | +15.7% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $134.1M | $129.1M | $138.1M | $138.3M | $144.5M | $145.3M | $136.1M | $135.7M |
| YoY | — | — | — | — | +7.8% | +12.5% | -1.4% | -1.9% |
| Operating income | $453.6M | $337.1M | $401.0M | $226.4M | $471.0M | $543.2M | $378.9M | $265.4M |
| YoY | — | — | — | — | +3.8% | +61.1% | -5.5% | +17.2% |
| Pretax income | $404.7M | $294.9M | $339.0M | $164.1M | $414.2M | $488.6M | $323.2M | $212.9M |
| YoY | — | — | — | — | +2.3% | +65.7% | -4.7% | +29.7% |
| Income tax | $94.4M | $85.2M | $42.9M | $33.8M | $91.3M | $112.4M | $70.1M | $45.9M |
| YoY | — | — | — | — | -3.3% | +31.9% | +63.4% | +35.8% |
| Net income | $308.0M | $207.6M | $293.7M | $128.9M | $320.9M | $374.9M | $252.0M | $165.5M |
| YoY | — | — | — | — | +4.2% | +80.6% | -14.2% | +28.4% |
| EPS — basic | $2.33 | $1.57 | — | $0.97 | $2.43 | $2.84 | — | $1.27 |
| YoY | — | — | — | — | +4.3% | +80.9% | — | +30.9% |
| EPS — diluted | $2.31 | $1.56 | — | $0.97 | $2.42 | $2.82 | — | $1.26 |
| YoY | — | — | — | — | +4.8% | +80.8% | — | +29.9% |
| Weighted shares — basic | 132.4M | 132.2M | — | 132.4M | 132.2M | 132.1M | — | 130.7M |
| Weighted shares — diluted | 133.1M | 133.0M | — | 133.0M | 132.9M | 132.9M | — | 131.2M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $111.0M | $433.2M | $559.7M | $181.3M | $347.4M | $191.3M | $183.3M | $140.2M |
| YoY | — | — | — | — | +213.0% | -55.8% | -67.3% | -22.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | $650.3M | $647.7M | $681.8M | $721.0M | $725.5M | $687.1M | $680.5M | $695.8M |
| YoY | — | — | — | — | +11.6% | +6.1% | -0.2% | -3.5% |
| Total current assets | $2.0B | $2.2B | $2.3B | $1.9B | $2.2B | $2.3B | $2.6B | $2.6B |
| YoY | — | — | — | — | +13.5% | +2.5% | +13.3% | +34.1% |
| Total assets | $14.2B | $14.4B | $17.1B | $16.7B | $17.0B | $17.0B | $16.7B | $16.7B |
| YoY | — | — | — | — | +19.4% | +18.3% | -2.4% | -0.2% |
| Total current liabilities | $796.8M | $774.1M | $1.2B | $796.9M | $1.3B | $1.0B | $956.1M | $997.3M |
| YoY | — | — | — | — | +68.4% | +31.4% | -22.8% | +25.1% |
| Total liabilities | $6.5B | $6.5B | $9.0B | $8.6B | $8.5B | $8.2B | $8.2B | $8.2B |
| YoY | — | — | — | — | +31.7% | +27.3% | -9.0% | -4.2% |
| Total equity | $7.7B | $7.9B | $8.1B | $8.1B | $8.4B | $8.7B | $8.5B | $8.5B |
| YoY | — | — | — | — | +9.1% | +11.0% | +5.0% | +3.9% |
| Shares outstanding | 132.1M | 132.1M | 132.1M | 132.1M | 132.0M | 132.0M | 130.6M | 130.3M |
| YoY | — | — | — | — | -0.1% | -0.1% | -1.1% | -1.4% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $201.1M | $595.0M | $440.1M | $251.5M | $341.7M | $676.8M | $543.0M | $241.1M |
| YoY | — | — | — | — | +69.9% | +13.7% | +23.4% | -4.1% |
| Capital expenditures | $191.4M | $96.8M | $162.5M | $168.0M | $102.9M | $222.0M | $184.8M | $176.5M |
| YoY | — | — | — | — | -46.2% | +129.3% | +13.7% | +5.1% |
| Free cash flow | $9.7M | $498.2M | $277.6M | $83.5M | $238.8M | $454.8M | $358.2M | $64.6M |
| YoY | — | — | — | — | +2361.9% | -8.7% | +29.0% | -22.6% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $50.0M | $0 | $0 | $38.1M | $0 | $0 | $400.3M | $149.5M |
| YoY | — | — | — | — | -100.0% | — | — | +292.4% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 29.4% | 28.2% | — | 22.3% | 29.7% | 30.4% | — | 24.1% |
| Operating margin | 22.5% | 16.8% | — | 13.9% | 22.4% | 23.7% | — | 15.1% |
| Net margin | 15.3% | 10.4% | — | 7.9% | 15.3% | 16.4% | — | 9.4% |
| Free cash flow margin | 0.5% | 24.9% | — | 5.1% | 11.4% | 19.8% | — | 3.7% |
| Effective tax rate | 23.3% | 28.9% | 12.7% | 20.6% | 22.0% | 23.0% | 21.7% | 21.6% |
| Current ratio | 2.48x | 2.86x | 1.83x | 2.42x | 1.67x | 2.23x | 2.69x | 2.59x |
| Total liabilities / equity | 0.84x | 0.82x | 1.10x | 1.05x | 1.02x | 0.94x | 0.96x | 0.97x |
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.