Owner earnings, per share

The cash a business really earns for its owners.

90 large US companies. Operating cash flow, minus what it costs to keep going, minus stock pay. Updated within days of every report.

MRKMerck$6.14Reported 29 Oct, waiting for filing15.27 Aug LLYEli Lilly$19.63Reported 29 Oct, waiting for filing17.55 Aug BMYBristol-Myers Squibb$5.32Reported 29 Oct, waiting for filing10.930 Jul TMUST-Mobile US$16.63▲ +2.6%17.828 Oct MSFTMicrosoft$6.37▼ −13.2%47.428 Oct KLACKLA$2.83▼ −89.2%3.728 Oct GOOGLAlphabet−$0.86—−10.728 Oct GEVGE Vernova$63.86▲ +38.6%17.128 Oct APHAmphenol$1.92▼ −45.7%5.028 Oct VVisa$11.23▲ +6.0%21.127 Oct KOCoca-Cola$3.25▼ −0.2%14.027 Oct BABoeing−$0.54—−0.427 Oct AXPAmerican Express · net income$18.18▲ +7.9%12.323 Oct UNPUnion Pacific$10.74Reported 22 Oct, waiting for filing6.423 Jul PGProcter & Gamble$6.16▲ +1.9%14.822 Oct NEMNewmont$9.59▲ +7.0%10.122 Oct BXBlackstone · net income$4.45▲ +1.1%3.622 Oct TXNTexas Instruments$7.50▲ +39.5%6.921 Oct TSLATesla−$0.28—−1.021 Oct TMOThermo Fisher Scientific$18.87Reported 21 Oct, waiting for filing7.031 Jul TAT&T$2.60▲ +2.6%17.821 Oct PMPhilip Morris International$8.16Reported 21 Oct, waiting for filing12.724 Jul METAMeta Platforms$0.66▼ −89.3%1.721 Oct LRCXLam Research$4.88▲ +36.0%6.121 Oct IBMInternational Business Machines$12.56Reported 21 Oct, waiting for filing12.023 Jul

Company total is what the whole business earned for its owners over twelve months. Per share is that total divided by diluted shares. Companies differ a lot in size, so compare each one with its own last report, not with other companies.

How the number is made

Owner earnings is the cash a business makes for its owners after it pays to keep going. For most companies: twelve months of operating cash flow, minus capital spending, minus stock-based pay (what the company hands staff in shares). Per share is that total divided by diluted shares.

Banks, insurers and asset managers use twelve months of net income instead, because their cash flow is mostly deposits and loans moving in and out.

Twelve months means the latest full year, plus the year so far, minus the same stretch a year earlier. Figures come from SEC filings and company earnings releases, and a company is only updated once every figure is in. If a company has reported but a filing still lacks something, its old figure stays and the row says it is waiting.

Companies differ a lot in size, so compare each one with its own last report, not with other companies. Some figures come from filings with gaps or one-off swings, so treat them as a good estimate. Not investment advice.