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 | $11.4B | $13.9B | $14.4B | $14.5B | $16.5B |
| YoY | — | +22.1% | +3.3% | +0.5% | +14.2% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.0B | $1.4B | $3.4B | $3.2B | $4.4B |
| YoY | — | -27.5% | +135.9% | -4.9% | +35.9% |
| Pretax income | $1.9B | $328.0M | $2.7B | $2.2B | $3.6B |
| YoY | — | -82.6% | +732.6% | -19.6% | +64.5% |
| Income tax | $-181.0M | $59.0M | $644.0M | $411.0M | $532.0M |
| YoY | — | +132.6% | +991.5% | -36.2% | +29.4% |
| Net income | $3.4B | $1.2B | $2.0B | $2.0B | $3.0B |
| YoY | — | -65.0% | +64.7% | +3.7% | +47.4% |
| EPS — basic | $4.12 | $1.33 | $2.25 | $2.33 | $3.46 |
| YoY | — | -67.7% | +69.2% | +3.6% | +48.5% |
| EPS — diluted | $4.12 | $1.33 | $2.25 | $2.33 | $3.45 |
| YoY | — | -67.7% | +69.2% | +3.6% | +48.1% |
| Weighted shares — basic | 807.8M | 823.9M | 836.4M | 839.2M | 854.1M |
| Weighted shares — diluted | 808.5M | 824.8M | 836.5M | 839.4M | 855.3M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $283.0M | $119.0M | $184.0M | $310.0M | $250.0M |
| YoY | — | -58.0% | +54.6% | +68.5% | -19.4% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.2B | $2.2B | $2.3B | $2.2B | $2.5B |
| YoY | — | -2.8% | +4.4% | -3.6% | +16.7% |
| Inventory | $1.6B | $1.5B | $1.7B | $1.8B | $2.0B |
| YoY | — | -6.3% | +11.1% | +3.9% | +10.9% |
| Total current assets | $7.3B | $9.8B | $25.4B | $6.6B | $8.1B |
| YoY | — | +35.5% | +158.2% | -74.0% | +22.0% |
| Total assets | $99.6B | $104.8B | $109.1B | $102.4B | $115.9B |
| YoY | — | +5.2% | +4.1% | -6.1% | +13.1% |
| Total current liabilities | $8.7B | $13.4B | $24.5B | $9.3B | $10.4B |
| YoY | — | +55.1% | +82.0% | -62.0% | +12.4% |
| Total liabilities | $70.7B | $77.1B | $81.5B | $72.6B | $82.4B |
| YoY | — | +9.1% | +5.7% | -10.9% | +13.5% |
| Total equity | $27.3B | $27.7B | $27.6B | $26.9B | $29.1B |
| YoY | — | +1.3% | -0.3% | -2.6% | +8.3% |
| Shares outstanding | 810.0M | 835.0M | 838.0M | 852.0M | 879.0M |
| YoY | — | +3.1% | +0.4% | +1.7% | +3.2% |
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 | $4.0B | $3.7B | $6.6B | $5.0B | $5.4B |
| YoY | — | -8.3% | +77.6% | -23.6% | +6.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 17.5% | 10.4% | 23.7% | 22.5% | 26.7% |
| Net margin | 29.8% | 8.5% | 13.6% | 14.1% | 18.2% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | -9.6% | 18.0% | 23.6% | 18.7% | 14.7% |
| Current ratio | 0.84x | 0.73x | 1.04x | 0.71x | 0.77x |
| Total liabilities / equity | 2.59x | 2.79x | 2.96x | 2.70x | 2.83x |
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 |
|---|---|---|---|---|---|---|
| D FY25 · this stock | $16.5B | +14.2% | — | 26.7% | 18.2% | — |
| 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% | — |
| FE FY25 | $15.1B | +12.0% | — | 14.6% | 6.8% | — |
| AEP FY13 | $14.8B | -0.9% | — | 19.1% | — | — |
| 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.