#financial-analysis
Analyze financial data and metrics to evaluate business performance and health
Adyen H1 2026 results: net revenue €1.30B (up 19%), processed volume €803.8B (up 24%), take rate down to 16.2 bps after first tiered pricing in 20 years.
Apple's fiscal Q3 2026 (June quarter) delivered $109.4B revenue (+16% YoY), $2.02 diluted EPS (+29%), and a 50.1% gross margin — roughly 2 points of it a one-time tariff refund worth $0.11 of EPS. iPhone, Mac and Services each set June quarter records, every geography grew double digits, and the full FY2021–FY2026Q3 income statements and balance sheets sit in a public Beancount ledger.
Palantir's FY2026 Q2 revenue surged 93% to $1.935 billion as U.S. commercial revenue jumped 149% to $764 million, lifting GAAP operating margin to 47% and forcing full-year guidance to $8.15 billion (+82% YoY) — the second straight quarter of accelerating hypergrowth at software's most debated valuation.
CAC is total sales and marketing cost divided by new customers acquired in the same period — $6,000 of spend across 30 customers is a $200 CAC. This guide covers what belongs in the numerator, how to pair CAC with gross-profit LTV (a 3:1 to 4:1 ratio is the practical small-business target) and payback period (under 12 months for SMB customers, up to 24 for enterprise), 2026 CAC ranges by business type, and seven ways to lower CAC without cutting customer volume.
Amazon Q2 2026: net sales $200.6B (+19.6%), operating income up 43% to $27.5B, AWS growth 37%.
Return on Net Assets (RONA = Net Income ÷ Fixed Assets + Net Working Capital) measures whether the equipment, vehicles, and inventory a business owns are actually generating profit. Includes a worked example, rough benchmarks (above 5% acceptable, above 20% outstanding), and how RONA differs from ROA and ROE for capital-intensive small businesses.
Microsoft's FY2026: $331.8B revenue (+18%), a record $133.7B net income, Azure past $100B, and $115.9B of AI capex — nearly 35% of revenue — broken down as an auditable plain-text Beancount ledger.
The quick ratio (acid-test ratio) measures whether a business can cover current liabilities using only cash, marketable securities, and receivables — deliberately excluding inventory and prepaid expenses. Covers the formula with a worked example, why loan covenants often set a quick-ratio minimum instead of a current-ratio one, why 1.0 is the textbook benchmark but fast-turn retailers healthily run 0.3–0.4, and the mistakes that make the ratio misleading.
The asset coverage ratio measures whether tangible assets could repay total debt in a liquidation — [(total assets − intangibles) − (current liabilities − short-term debt)] ÷ total debt. Below 1.0 is a red flag, 2.0 is a common healthy benchmark, and lenders often write a minimum ACR into loan covenants that can trigger technical default.
Alphabet Q2 2026 net income was $112.2B, but $99B was a non-cash equity gain. See why free cash flow turned negative and cloud grew 82%.
The fixed asset turnover ratio — net sales divided by average net fixed assets — measures revenue generated per dollar of PP&E. Capital-intensive businesses typically run 1–3, asset-light ones 5+, and the trend matters more than the level. Here's how to calculate it, benchmark it, and avoid the bookkeeping errors that distort it.
Inventory turnover ratio = COGS ÷ average inventory, and it shows how many times a business sells through its stock each year. This guide covers the formula, converting turnover to days sales of inventory, industry benchmarks from 2–4 turns (industrial parts) to 10–20+ (grocery), and why slow-moving stock costs 20–30% of its value annually to hold.
