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.
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 | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.5B | $1.7B | $2.2B | $2.1B | $2.4B |
| YoY | — | +16.9% | +28.3% | -6.8% | +13.5% |
| Pretax income | $656.0M | $1.1B | $1.6B | $1.4B | $1.6B |
| YoY | — | +69.5% | +40.8% | -12.5% | +13.1% |
| Income tax | $-130.0M | $29.0M | $169.0M | $-34.0M | $88.0M |
| YoY | — | +122.3% | +482.8% | -120.1% | +358.8% |
| Net income | $907.0M | $1.1B | $1.4B | $1.4B | $1.5B |
| YoY | — | +19.4% | +29.0% | +0.5% | +4.1% |
| EPS — basic | $4.68 | $5.53 | $6.77 | $6.78 | $7.04 |
| YoY | — | +18.2% | +22.4% | +0.1% | +3.8% |
| EPS — diluted | $4.67 | $5.52 | $6.76 | $6.77 | $7.03 |
| YoY | — | +18.2% | +22.5% | +0.1% | +3.8% |
| Weighted shares — basic | 193.0M | 195.0M | 206.0M | 207.0M | 207.0M |
| Weighted shares — diluted | 194.0M | 196.0M | 206.0M | 207.0M | 207.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $28.0M | $33.0M | $26.0M | $24.0M | $208.0M |
| YoY | — | +17.9% | -21.2% | -7.7% | +766.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.7B | $2.0B | $1.6B | $1.7B | $2.0B |
| YoY | — | +20.2% | -19.9% | +3.6% | +20.2% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $3.3B | $4.2B | $3.5B | $3.6B | $4.3B |
| YoY | — | +26.0% | -15.3% | +1.9% | +20.5% |
| Total assets | $39.7B | $42.7B | $44.8B | $48.8B | $54.1B |
| YoY | — | +7.5% | +4.9% | +9.1% | +10.7% |
| Total current liabilities | $6.3B | $5.2B | $5.9B | $5.1B | $5.4B |
| YoY | — | -18.5% | +13.7% | -13.2% | +5.9% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $8.7B | $10.4B | $11.1B | $11.7B | $12.3B |
| YoY | — | +19.4% | +6.3% | +5.9% | +5.2% |
| Shares outstanding | 193.7M | 205.6M | 206.4M | 207.2M | 207.7M |
| YoY | — | +6.1% | +0.4% | +0.4% | +0.2% |
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 | $3.1B | $2.0B | $3.2B | $3.6B | $3.4B |
| YoY | — | -35.5% | +62.9% | +13.1% | -6.4% |
| 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 | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | -19.8% | 2.6% | 10.8% | -2.5% | 5.7% |
| Current ratio | 0.52x | 0.81x | 0.60x | 0.71x | 0.80x |
| Total liabilities / equity | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| DTE FY25 · this stock | — | — | — | — | — | — |
| 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% | — |
| AEP FY13 | $14.8B | -0.9% | — | 19.1% | — | — |
| SRE FY25 | $13.7B | +3.9% | — | — | 13.4% | — |
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.