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 | $93.1B | $90.0B | $83.4B | $83.1B | $81.5B | $85.3B | $82.3B | $85.1B |
| YoY | — | — | — | — | -12.4% | -5.2% | -1.3% | +2.4% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $2.6B | $2.3B | $2.6B | $2.5B | $2.5B | $3.0B | $3.0B | $2.7B |
| YoY | — | — | — | — | -1.6% | +32.1% | +15.7% | +5.7% |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $13.7B | $13.0B | $9.8B | $11.6B | $10.7B | $10.9B | $8.0B | $7.0B |
| YoY | — | — | — | — | -21.7% | -16.1% | -18.2% | -39.9% |
| Income tax | $4.1B | $4.1B | $1.9B | $3.6B | $3.4B | $3.2B | $1.4B | $2.5B |
| YoY | — | — | — | — | -18.1% | -22.0% | -23.5% | -30.1% |
| Net income | $9.2B | $8.6B | $7.6B | $7.7B | $7.1B | $7.5B | $6.5B | $4.2B |
| YoY | — | — | — | — | -23.4% | -12.3% | -14.6% | -45.8% |
| EPS — basic | $2.14 | $1.92 | — | $1.76 | $1.64 | $1.76 | — | $1.00 |
| YoY | — | — | — | — | -23.4% | -8.3% | — | -43.2% |
| EPS — diluted | $2.14 | $1.92 | — | $1.76 | $1.64 | $1.76 | — | $1.00 |
| YoY | — | — | — | — | -23.4% | -8.3% | — | -43.2% |
| Weighted shares — basic | 4.32B | 4.46B | — | 4.37B | 4.33B | 4.29B | — | 4.20B |
| Weighted shares — diluted | — | — | — | — | — | — | — | — |
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 | $26.5B | $26.9B | $23.0B | $17.0B | $14.4B | $13.8B | $10.7B | $8.4B |
| YoY | — | — | — | — | -45.8% | -48.7% | -53.6% | -50.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $43.1B | $41.5B | $43.7B | $46.3B | $41.8B | $45.3B | $44.6B | $61.8B |
| YoY | — | — | — | — | -3.0% | +9.1% | +2.0% | +33.4% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $96.2B | $94.3B | $92.0B | $91.2B | $85.1B | $88.5B | $83.4B | $97.8B |
| YoY | — | — | — | — | -11.6% | -6.2% | -9.4% | +7.2% |
| Total assets | $460.7B | $461.9B | $453.5B | $451.9B | $447.6B | $454.3B | $449.0B | $464.4B |
| YoY | — | — | — | — | -2.8% | -1.6% | -1.0% | +2.8% |
| Total current liabilities | $70.8B | $70.0B | $70.3B | $73.8B | $68.2B | $77.8B | $72.3B | $94.4B |
| YoY | — | — | — | — | -3.7% | +11.2% | +2.9% | +27.8% |
| Total liabilities | $184.4B | $185.5B | $182.9B | $182.1B | $177.6B | $186.1B | $182.4B | $203.4B |
| YoY | — | — | — | — | -3.7% | +0.3% | -0.3% | +11.7% |
| Total equity | $268.4B | $268.6B | $263.7B | $262.7B | $262.6B | $260.6B | $259.4B | $254.4B |
| YoY | — | — | — | — | -2.2% | -3.0% | -1.6% | -3.2% |
| Shares outstanding | 4.44B | 4.39B | 4.35B | 4.31B | 4.26B | 4.22B | 4.18B | 4.14B |
| YoY | — | — | — | — | -4.1% | -4.1% | -4.0% | -3.8% |
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 | $10.6B | $17.6B | $12.2B | $13.0B | $11.6B | $14.8B | $12.7B | $8.7B |
| YoY | — | — | — | — | +9.4% | -15.8% | +3.7% | -32.8% |
| Capital expenditures | $6.2B | $6.2B | $6.8B | $5.9B | $6.3B | $8.7B | $7.5B | $6.5B |
| YoY | — | — | — | — | +0.8% | +41.7% | +9.0% | +9.7% |
| Free cash flow | $4.3B | $11.4B | $5.4B | $7.1B | $5.3B | $6.1B | $5.2B | $2.2B |
| YoY | — | — | — | — | +21.8% | -46.9% | -3.0% | -68.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $5.3B | $5.5B | $5.8B | $4.8B | $5.0B | $5.1B | $5.4B | $4.9B |
| YoY | — | — | — | — | -6.8% | -7.0% | -6.9% | +1.3% |
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 | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 9.9% | 9.6% | 9.1% | 9.3% | 8.7% | 8.8% | 7.9% | 4.9% |
| Free cash flow margin | 4.6% | 12.7% | 6.5% | 8.5% | 6.5% | 7.1% | 6.4% | 2.6% |
| Effective tax rate | 30.0% | 31.1% | 18.9% | 30.8% | 31.3% | 28.9% | 17.7% | 35.8% |
| Current ratio | 1.36x | 1.35x | 1.31x | 1.24x | 1.25x | 1.14x | 1.15x | 1.04x |
| Total liabilities / equity | 0.69x | 0.69x | 0.69x | 0.69x | 0.68x | 0.71x | 0.70x | 0.80x |
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 |
|---|---|---|---|---|---|---|
| XOM FY25 · this stock | $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% | — |
| DVN FY25 | $17.2B | +7.8% | — | — | 15.4% | — |
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.