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 | $4.6B | $5.4B | $4.7B | $5.5B | $5.1B | $6.0B | $5.3B | $6.0B |
| YoY | — | — | — | — | +11.1% | +10.9% | +13.2% | +10.2% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $683.9M | $1.4B | $1.1B | $1.3B | $1.4B | $1.5B | $1.1B | $1.4B |
| YoY | — | — | — | — | +104.6% | +12.6% | +1.7% | +5.9% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $6.7M | $37.5M | $58.7M | $125.0M | $-250.9M | $138.7M | $115.7M | $44.0M |
| YoY | — | — | — | — | -3844.8% | +269.9% | +97.1% | -64.8% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $0.64 | $1.80 | — | $1.50 | $2.29 | $1.82 | — | $1.61 |
| YoY | — | — | — | — | +257.8% | +1.1% | — | +7.3% |
| EPS — diluted | $0.64 | $1.80 | — | $1.50 | $2.29 | $1.81 | — | $1.60 |
| YoY | — | — | — | — | +257.8% | +0.6% | — | +6.7% |
| Weighted shares — basic | 528.9M | 532.2M | — | 533.4M | 534.3M | 534.9M | — | 542.1M |
| Weighted shares — diluted | 530.1M | 533.6M | — | 534.7M | 536.4M | 538.0M | — | 547.1M |
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 | $202.5M | $245.8M | $203.0M | $256.8M | $227.3M | $1.1B | $197.0M | $306.0M |
| YoY | — | — | — | — | +12.2% | +334.4% | -3.0% | +19.2% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.7B | $2.6B | $2.6B | $2.6B | $2.8B | $2.8B | $2.9B | $3.0B |
| YoY | — | — | — | — | +5.5% | +9.1% | +8.9% | +13.4% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $6.7B | $6.0B | $5.8B | $5.9B | $6.3B | $6.9B | $6.1B | $6.6B |
| YoY | — | — | — | — | -5.0% | +13.9% | +4.5% | +11.6% |
| Total assets | $99.6B | $100.1B | $103.1B | $104.4B | $107.8B | $110.3B | $114.5B | $117.8B |
| YoY | — | — | — | — | +8.2% | +10.1% | +11.0% | +12.8% |
| Total current liabilities | $10.2B | $10.6B | $13.0B | $14.2B | $11.4B | $10.0B | $13.3B | $12.6B |
| YoY | — | — | — | — | +12.6% | -6.1% | +2.3% | -11.6% |
| Total liabilities | $73.4B | $73.4B | $76.1B | $77.0B | $76.8B | $78.7B | $82.2B | $84.7B |
| YoY | — | — | — | — | +4.6% | +7.2% | +8.1% | +10.1% |
| Total equity | $26.1B | $26.6B | $26.9B | $27.3B | $29.9B | $30.4B | $31.1B | $31.8B |
| YoY | — | — | — | — | +14.3% | +14.2% | +15.6% | +16.4% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $1.5B | $2.2B | $1.7B | $1.4B | $1.2B | $2.5B | $1.8B | $1.5B |
| YoY | — | — | — | — | -16.5% | +13.2% | +5.0% | +4.8% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | 14.9% | 24.9% | 23.3% | 23.5% | 27.5% | 25.3% | 21.0% | 22.6% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 0.65x | 0.57x | 0.44x | 0.42x | 0.55x | 0.69x | 0.45x | 0.53x |
| Total liabilities / equity | 2.81x | 2.76x | 2.82x | 2.82x | 2.57x | 2.59x | 2.64x | 2.66x |
Peer comparison — latest full year
Same sector (Utilities), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| AEP FY13 · this stock | $14.8B | -0.9% | — | 19.1% | — | — |
| SO FY25 | $29.6B | +10.6% | — | 24.7% | — | -9.9% |
| CEG FY25 | $25.5B | +8.3% | — | 12.1% | 9.1% | 5.0% |
| EXC FY12 | $23.5B | +23.2% | — | 10.1% | — | 1.5% |
| EIX FY25 | $19.3B | +9.8% | — | 36.7% | 23.1% | -3.7% |
| VST FY25 | $17.7B | +3.0% | — | 10.7% | 5.3% | 7.4% |
| ED FY25 | $16.9B | +10.9% | — | 17.3% | 12.0% | — |
| D FY25 | $16.5B | +14.2% | — | 26.7% | 18.2% | — |
| FE FY25 | $15.1B | +12.0% | — | 14.6% | 6.8% | — |
| SRE FY25 | $13.7B | +3.9% | — | — | 13.4% | — |
| PCG FY09 | $13.4B | -8.4% | — | 17.2% | — | -6.9% |
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.