News
Results, big moves, analysis and research from Fundamentalytics, newest first. Every figure is checked against SEC filings.
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Schlumberger beats earnings expectations as recovering activity leaves profit behind sales
SLB's adjusted earnings beat the analysts' average by 4.1%, but revenue growth did not translate into higher GAAP profit. Middle East operations recovered and ChampionX helped sales, while cash generation and data centre expansion exposed competing demands on capital.
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Why did Sprouts’ operating margin fall to 6.6% while sales grew?
Sprouts’ revenue rose 4.7%, but operating income fell 2.9%. Softer customer traffic increased stock losses, while new stores added costs. Management now plans broader price investment, putting further pressure on near-term margins.
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Masco lifts 2026 earnings guidance as plumbing margins widen and free cash flow slips
Masco's third-quarter adjusted earnings per share beat the analysts' average estimate by 16.1% and management raised full-year 2026 guidance to $4.65-$4.75, even as quarterly free cash flow fell to $332 million from $415 million a year earlier.
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Chubb's revenue growth slows to 0.3% as catastrophe losses more than double to $705 million
Chubb's quarterly revenue rose just 0.3% year over year, the slowest pace in two years, as catastrophe losses more than doubled to $705 million. Adjusted earnings per share of $7.66 beat the analysts' average estimate by 12.7%, the fourth straight quarterly beat.
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F5's FY2027 growth guidance follows margins that were already slipping
F5 guided fiscal 2027 revenue growth of up to 9% after a fourth-quarter print that sent shares lower. Its own trailing data show growth already slowing and a free cash flow margin at a 39th-percentile reading, down 2.3 percentage points year on year.
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Why did FedEx raise its 2026 profit guidance as quarterly net income fell 68.5%?
FedEx lifted its calendar-2026 revenue and adjusted profit outlook after September-quarter revenue rose 11.9% to $22.9 billion, while a mark-to-market loss on its retained FedEx Freight stake pulled GAAP net income down 68.5% to $0.3 billion.
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MGM Resorts' 896.1% profit jump isn't showing up in its cash flow
MGM Resorts' trailing net income rose 896.1% over the past year, but free cash flow grew just 2.2% and operating cash flow fell 9.1%, a gap the earnings-season coverage has largely skipped over.
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Is Etsy's earnings growth backed by cash flow?
Etsy's revenue and operating margin improved through fiscal Q3. Free cash flow fell 12.0% while net income surged, leaving earnings growth ahead of cash generation.
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Cheesecake Factory’s cash gains depend partly on lower capital spending
Cheesecake Factory reported record third-quarter revenue. Earlier SEC figures show stronger cash generation, helped by lower capital spending, while operating margin slipped.
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GE HealthCare’s earnings optimism meets an uneven cash recovery
Reports centre on stronger earnings and raised guidance. GE HealthCare’s trailing figures through FY2026 Q3 show a different distinction: cash generation improved sharply while net income declined.
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Garmin raises full-year guidance as margins hit records while cash flow lags profit
Garmin's third-quarter operating margin reached 30.8% as management raised full-year revenue guidance to around $8.15 billion. Free cash flow grew far more slowly than net income over the trailing year, a gap now a year old.
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Parsons' profit falls on deal costs as cash flow pulls ahead
Parsons' third-quarter net income fell 15.5% to $54.2 million on acquisition-related costs, even as operating cash flow rose 65.0% and free cash flow climbed to $250.8 million, extending a gap that has also widened over the trailing twelve months.
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Why Applied Industrial Technologies shares fell 7.1% on Tuesday
Applied Industrial Technologies fell 7.1% after reporting fiscal first-quarter results. The release raised EPS guidance, while sales and EBITDA margin guidance stayed unchanged, leaving the market’s reason for the decline unconfirmed.
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Why Booz Allen Hamilton shares jumped 8.1% on Monday
Booz Allen Hamilton shares rose 8.1% on Monday, two sessions after a profit beat and raised earnings guidance that followed a revenue decline. Volume was thin, and no new disclosure accompanied the rally, leaving the exact trigger unconfirmed.
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Why Boeing shares fell 9.0% on Tuesday
Boeing’s quarterly results offer the clearest explanation for the fall: an improving headline loss sat alongside continuing pressure in commercial aircraft, including higher projected production costs.
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Why Welltower shares fell 6.0% today
Welltower fell 6.0% after its quarterly results and higher full-year guidance. The clearest explanation is unidentified: earlier reports described mixed reactions to the release.
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10-K vs 10-Q: what each SEC filing is and how to read it
A 10-K is Apple's audited annual report; a 10-Q is its unaudited quarterly update between annual filings. This explainer sets out the differences in timing, audit and detail, what to read first in each, and where the 8-K fits, using Apple's own filed figures.
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Agilysys's trailing net income grew 82.1% over the past year; free cash flow grew 42.8%
Agilysys drew a wave of coverage after its 26 October results and raised guidance. Its own SEC-derived figures show free cash flow growing roughly half as fast as net income over the trailing year, even as margins hit record levels.
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Block's free cash flow and profit have diverged sharply ahead of Q3 earnings
Block drew seven news stories in 24 hours this week, mostly analyst commentary ahead of third-quarter earnings. Its filings show trailing free cash flow up 266.4% over the year to June, against net income down 87.9%.
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Dollar General's thin margins put weight behind the FTC's checkout pricing claims
The FTC and twenty states have sued Dollar General over checkout pricing, according to reports. Its SEC filings, covering the quarter ended 31 July 2026, show a retailer operating on margins thin enough that pricing accuracy carries real financial weight.
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EQT's cash conversion was running near a multi-year high before the Range bid
EQT's free cash flow margin reached 39.4% and net income grew 137.1% in the year to June, filings show, months before this week's reported $50 billion Range Resources transaction dominated coverage.
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Free cash flow conversion: what it is and how to read it
Free cash flow conversion shows how much of a company's profit becomes cash, found by subtracting capital expenditure from operating cash flow. The free cash flow yield then compares that figure with a company's value. Microsoft's filings show free cash flow falling as net income rises.
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Greenbrier burned $239.7m in free cash flow despite a $79.0m profit
Greenbrier's latest SEC filings show free cash flow swinging to a $239.7m outflow even as net income stayed positive at $79.0m, a split this week's earnings coverage has not examined directly.
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HCA's Q3 beat follows a quarter where cash flow fell as profit rose
HCA Healthcare's third-quarter 2026 results, released today, drew a wave of headlines about a revenue beat. The company's most recent full filing, covering the second quarter, showed free cash flow falling as net income rose, a divergence the new print hasn't yet been tested against.
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Owner earnings: what free cash flow after stock pay means for a valuation
Owner earnings is free cash flow minus stock-based compensation, a cost that never appears as a cash outflow but still dilutes shareholders. Adobe's filings, which show $9.3bn of share buybacks against 40.8% free cash flow margin, illustrate why the gap matters for valuation.
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Rambus's earnings beat conceals a shrinking cash margin
Rambus beat Q3 estimates and fell anyway, according to reports. Its own trailing figures show free cash flow margin down 3.8 percentage points to 39.3%, even as revenue growth held at 17.3%.
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Reverse DCF: how to work out what growth a share price implies
A reverse DCF model starts from a price and works backwards to the growth rate needed to justify it, rather than forecasting growth to produce a price.
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Simpson Manufacturing's cash margin hit a 98th-percentile 19.3% as Q3 earnings landed
Eight reports on Simpson Manufacturing's Q3 results landed within a day, but the company's trailing SEC data, which still runs through June, shows free cash flow growing far faster than profit, largely on a sharp drop in capital spending.
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Stock buybacks vs dividends: what actually reaches shareholders
A buyback announcement does not by itself mean fewer shares outstanding, because new stock issued to employees can work against it. Using Apple's filed buyback, dividend and share-count figures, this explainer shows how shareholder yield and the net share change appear in a filing.
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Surgery Partners' profit grew faster than its cash before the $5.7 billion buyout
Reports put Surgery Partners' take-private deal at $5.7 billion as shares surged. Its own SEC filings, covering the twelve months through June 2026, show free cash flow growth of 7.0%, well behind a 50.9% improvement in net income that remained a loss.