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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6B | $5.9B | $6.0B | $6.4B | $6.4B | $6.3B | $6.2B | $6.7B |
| YoY | — | — | — | — | +14.9% | +7.1% | +3.5% | +4.0% |
| Cost of goods sold | $3.4B | $3.6B | $3.6B | $3.8B | $3.8B | $3.7B | $3.7B | $4.0B |
| YoY | — | — | — | — | +12.8% | +3.9% | +2.3% | +4.0% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $525.0M | $747.0M | $687.0M | $696.0M | $665.0M | $674.0M | $707.0M | $683.0M |
| YoY | — | — | — | — | +26.7% | -9.8% | +2.9% | -1.9% |
| Operating income | $1.1B | $919.0M | $1.0B | $1.2B | $989.0M | $1.2B | $1.1B | $1.3B |
| YoY | — | — | — | — | -11.6% | +25.7% | +9.9% | +8.9% |
| Pretax income | $995.0M | $700.0M | $788.0M | $928.0M | $775.0M | $935.0M | $891.0M | $1.0B |
| YoY | — | — | — | — | -22.1% | +33.6% | +13.1% | +10.3% |
| Income tax | $235.0M | $102.0M | $151.0M | $201.0M | $172.0M | $193.0M | $168.0M | $238.0M |
| YoY | — | — | — | — | -26.8% | +89.2% | +11.3% | +18.4% |
| Net income | $760.0M | $598.0M | $637.0M | $726.0M | $603.0M | $742.0M | $723.0M | $785.0M |
| YoY | — | — | — | — | -20.7% | +24.1% | +13.5% | +8.1% |
| EPS — basic | $1.89 | — | $1.58 | $1.80 | $1.50 | — | $1.79 | $1.96 |
| YoY | — | — | — | — | -20.6% | — | +13.3% | +8.9% |
| EPS — diluted | $1.88 | — | $1.58 | $1.80 | $1.49 | — | $1.79 | $1.95 |
| YoY | — | — | — | — | -20.7% | — | +13.3% | +8.3% |
| Weighted shares — basic | 401.5M | — | 402.3M | 402.6M | 403.0M | — | 403.2M | 401.5M |
| Weighted shares — diluted | 403.2M | — | 403.9M | 404.3M | 404.3M | — | 404.4M | 402.4M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $614.0M | $414.0M | $216.0M | $440.0M | $175.0M | $201.0M | $158.0M | $557.0M |
| YoY | — | — | — | — | -71.5% | -51.4% | -26.9% | +26.6% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.8B | $3.3B | $3.3B | $3.4B | $3.4B | $3.4B | $3.4B | $3.5B |
| YoY | — | — | — | — | +19.6% | +5.0% | +3.4% | +2.6% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $4.3B | $4.8B | $4.5B | $5.0B | $4.8B | $4.9B | $4.8B | $5.4B |
| YoY | — | — | — | — | +13.6% | +2.8% | +7.9% | +8.3% |
| Total assets | $34.7B | $44.6B | $44.5B | $45.7B | $45.6B | $45.8B | $45.7B | $46.4B |
| YoY | — | — | — | — | +31.3% | +2.8% | +2.7% | +1.6% |
| Total current liabilities | $4.8B | $6.3B | $5.3B | $5.8B | $5.7B | $5.5B | $5.1B | $5.9B |
| YoY | — | — | — | — | +20.0% | -11.7% | -3.8% | +2.3% |
| Total liabilities | $26.8B | $36.3B | $35.8B | $36.5B | $36.1B | $35.8B | $35.7B | $36.5B |
| YoY | — | — | — | — | +34.9% | -1.3% | -0.4% | -0.0% |
| Total equity | $8.0B | $8.3B | $8.7B | $9.2B | $9.5B | $10.0B | $10.0B | $9.9B |
| YoY | — | — | — | — | +19.3% | +21.1% | +15.8% | +7.9% |
| Shares outstanding | 401.4M | 401.5M | 402.4M | 402.6M | 402.9M | 402.9M | 402.3M | 400.0M |
| YoY | — | — | — | — | +0.4% | +0.3% | -0.0% | -0.6% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.5B | $1.2B | $1.5B | $1.6B | $1.7B | $1.5B | $1.7B |
| YoY | — | — | — | — | +17.2% | +12.4% | +24.3% | +11.7% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | — | — | — | — | $344.0M | $659.0M |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 20.0% | 15.6% | 16.8% | 17.9% | 15.3% | 18.3% | 17.9% | 18.7% |
| Net margin | 13.5% | 10.1% | 10.6% | 11.3% | 9.4% | 11.8% | 11.6% | 11.7% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 23.6% | 14.6% | 19.2% | 21.7% | 22.2% | 20.6% | 18.9% | 23.2% |
| Current ratio | 0.89x | 0.76x | 0.83x | 0.86x | 0.84x | 0.89x | 0.93x | 0.91x |
| Total liabilities / equity | 3.35x | 4.40x | 4.14x | 3.97x | 3.79x | 3.59x | 3.56x | 3.68x |
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 |
|---|---|---|---|---|---|---|
| WM FY25 · this stock | $25.2B | +14.2% | — | 17.1% | 10.7% | — |
| 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.