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 | $10.6B | $11.0B | $10.9B | $10.5B | $11.9B |
| YoY | — | +3.2% | -0.5% | -3.7% | +13.8% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.6B | $3.0B | $4.3B | $3.3B | $4.2B |
| YoY | — | +14.7% | +42.8% | -22.5% | +25.7% |
| Pretax income | $2.1B | $2.5B | $4.4B | $3.0B | $3.6B |
| YoY | — | +22.6% | +73.3% | -32.2% | +21.4% |
| Income tax | $511.0M | $425.0M | $1.0B | $640.0M | $857.0M |
| YoY | — | -16.8% | +136.5% | -36.3% | +33.9% |
| Net income | $1.5B | $2.0B | $3.2B | $2.2B | $2.6B |
| YoY | — | +35.1% | +55.1% | -30.0% | +17.7% |
| EPS — basic | $1.25 | $1.68 | $2.61 | $1.82 | $2.14 |
| YoY | — | +34.4% | +55.4% | -30.3% | +17.6% |
| EPS — diluted | $1.24 | $1.67 | $2.60 | $1.82 | $2.14 |
| YoY | — | +34.7% | +55.7% | -30.0% | +17.6% |
| Weighted shares — basic | 1.22B | 1.22B | 1.22B | 1.22B | 1.22B |
| Weighted shares — diluted | 1.22B | 1.22B | 1.22B | 1.22B | 1.23B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.0B | $2.7B | $1.7B | $1.9B | $2.1B |
| YoY | — | +37.7% | -39.2% | +12.6% | +11.9% |
| Inventory | $379.0M | $320.0M | $274.0M | $279.0M | $314.0M |
| YoY | — | -15.6% | -14.4% | +1.8% | +12.5% |
| Total current assets | $4.5B | $3.8B | $4.5B | $2.7B | $3.2B |
| YoY | — | -16.5% | +18.9% | -41.0% | +21.9% |
| Total assets | $47.6B | $48.4B | $52.6B | $54.5B | $58.6B |
| YoY | — | +1.7% | +8.7% | +3.6% | +7.4% |
| Total current liabilities | $5.0B | $4.9B | $5.8B | $5.3B | $6.1B |
| YoY | — | -1.6% | +19.2% | -8.9% | +14.9% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $11.4B | $11.5B | $12.4B | $12.4B | $12.8B |
| YoY | — | +0.5% | +8.0% | +0.3% | +3.0% |
| 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 | $3.9B | $4.9B | $5.9B | $5.0B | $5.9B |
| YoY | — | +23.9% | +21.5% | -16.2% | +18.6% |
| Capital expenditures | $1.2B | $2.3B | $2.5B | $2.6B | $4.9B |
| YoY | — | +81.8% | +11.7% | +2.3% | +90.2% |
| Free cash flow | $2.7B | $2.6B | $3.4B | $2.4B | $1.0B |
| YoY | — | -2.6% | +29.8% | -29.8% | -58.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $0 | $9.0M | $130.0M | $0 | $0 |
| YoY | — | — | +1344.4% | -100.0% | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 24.8% | 27.5% | 39.5% | 31.8% | 35.1% |
| Net margin | 14.3% | 18.7% | 29.1% | 21.2% | 21.9% |
| Free cash flow margin | 25.5% | 24.0% | 31.4% | 22.9% | 8.4% |
| Effective tax rate | 24.7% | 16.7% | 22.8% | 21.4% | 23.6% |
| Current ratio | 0.91x | 0.78x | 0.77x | 0.50x | 0.53x |
| 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 |
|---|---|---|---|---|---|---|
| WMB FY25 · this stock | $11.9B | +13.8% | — | 35.1% | 21.9% | 8.4% |
| 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.