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 | $285.6B | $413.7B | $344.6B | $349.6B | $332.2B |
| YoY | — | +44.8% | -16.7% | +1.5% | -5.0% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $843.0M | $824.0M | $900.0M | $1.0B | $1.2B |
| YoY | — | -2.3% | +9.2% | +11.1% | +20.0% |
| Selling, general & administrative | $9.6B | $10.1B | $9.9B | $10.0B | $11.1B |
| YoY | — | +5.4% | -1.7% | +0.6% | +11.5% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $31.2B | $77.8B | $52.8B | $48.9B | $41.3B |
| YoY | — | +148.9% | -32.1% | -7.4% | -15.6% |
| Income tax | $7.6B | $20.2B | $15.4B | $13.8B | $11.5B |
| YoY | — | +164.2% | -23.5% | -10.5% | -16.7% |
| Net income | $23.0B | $55.7B | $36.0B | $33.7B | $28.8B |
| YoY | — | +141.9% | -35.4% | -6.5% | -14.4% |
| EPS — basic | $5.39 | $13.26 | $8.89 | $7.84 | $6.70 |
| YoY | — | +146.0% | -33.0% | -11.8% | -14.5% |
| EPS — diluted | $5.39 | $13.26 | $8.89 | $7.84 | $6.70 |
| YoY | — | +146.0% | -33.0% | -11.8% | -14.5% |
| Weighted shares — basic | 4.28B | 4.21B | 4.05B | 4.30B | 4.30B |
| Weighted shares — diluted | — | — | — | — | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $6.8B | $29.6B | $31.5B | $23.0B | $10.7B |
| YoY | — | +335.8% | +6.4% | -27.0% | -53.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $32.4B | $41.7B | $38.0B | $43.7B | $44.6B |
| YoY | — | +28.9% | -8.9% | +14.9% | +2.0% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $59.2B | $97.6B | $96.6B | $92.0B | $83.4B |
| YoY | — | +65.0% | -1.0% | -4.8% | -9.4% |
| Total assets | $338.9B | $369.1B | $376.3B | $453.5B | $449.0B |
| YoY | — | +8.9% | +2.0% | +20.5% | -1.0% |
| Total current liabilities | $56.6B | $69.0B | $65.3B | $70.3B | $72.3B |
| YoY | — | +21.9% | -5.4% | +7.6% | +2.9% |
| Total liabilities | $163.2B | $166.6B | $163.8B | $182.9B | $182.4B |
| YoY | — | +2.1% | -1.7% | +11.7% | -0.3% |
| Total equity | $168.6B | $195.0B | $204.8B | $263.7B | $259.4B |
| YoY | — | +15.7% | +5.0% | +28.8% | -1.6% |
| Shares outstanding | 4.24B | 4.08B | 3.97B | 4.35B | 4.18B |
| YoY | — | -3.7% | -2.7% | +9.6% | -4.0% |
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 | $48.1B | $76.8B | $55.4B | $55.0B | $52.0B |
| YoY | — | +59.6% | -27.9% | -0.6% | -5.5% |
| Capital expenditures | $12.1B | $18.4B | $21.9B | $24.3B | $28.4B |
| YoY | — | +52.4% | +19.1% | +10.9% | +16.7% |
| Free cash flow | $36.1B | $58.4B | $33.5B | $30.7B | $23.6B |
| YoY | — | +62.0% | -42.7% | -8.2% | -23.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $155.0M | $15.2B | $17.7B | $19.6B | $20.3B |
| YoY | — | +9677.4% | +17.1% | +10.6% | +3.3% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 8.1% | 13.5% | 10.5% | 9.6% | 8.7% |
| Free cash flow margin | 12.6% | 14.1% | 9.7% | 8.8% | 7.1% |
| Effective tax rate | 24.4% | 25.9% | 29.2% | 28.3% | 27.9% |
| Current ratio | 1.04x | 1.41x | 1.48x | 1.31x | 1.15x |
| Total liabilities / equity | 0.97x | 0.85x | 0.80x | 0.69x | 0.70x |
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.