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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.7B | $2.1B | $2.1B | $2.3B | $1.8B | $2.3B | $2.1B | $2.7B |
| YoY | — | — | — | — | +7.2% | +8.9% | +0.3% | +16.3% |
| Pretax income | $1.1B | $1.5B | $1.3B | $1.6B | $1.1B | $1.6B | $1.4B | $1.9B |
| YoY | — | — | — | — | +5.2% | +12.2% | +1.5% | +18.8% |
| Income tax | $140.0M | $163.0M | $109.0M | $193.0M | $119.0M | $176.0M | $154.0M | $333.0M |
| YoY | — | — | — | — | -15.0% | +8.0% | +41.3% | +72.5% |
| Net income | $900.0M | $1.3B | $1.2B | $1.4B | $984.0M | $1.4B | $1.2B | $1.6B |
| YoY | — | — | — | — | +9.3% | +10.9% | -1.7% | +12.4% |
| EPS — basic | $1.13 | $1.60 | — | $1.76 | $1.25 | $1.81 | — | $1.97 |
| YoY | — | — | — | — | +10.6% | +13.1% | — | +11.9% |
| EPS — diluted | $1.13 | $1.60 | — | $1.76 | $1.25 | $1.81 | — | $1.97 |
| YoY | — | — | — | — | +10.6% | +13.1% | — | +11.9% |
| Weighted shares — basic | 772.0M | 772.0M | — | 777.0M | 777.0M | 778.0M | — | 778.0M |
| Weighted shares — diluted | 772.0M | 773.0M | — | 777.0M | 777.0M | 778.0M | — | 779.0M |
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 | $390.0M | $376.0M | $314.0M | $475.0M | $344.0M | $688.0M | $245.0M | $2.1B |
| YoY | — | — | — | — | -11.8% | +83.0% | -22.0% | +350.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.0B | $2.0B | $1.9B | $10.0M | $11.0M | $12.0M | $16.0M | — |
| YoY | — | — | — | — | -99.5% | -99.4% | -99.2% | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $12.6B | $12.1B | $12.9B | $12.8B | $12.1B | $12.2B | $11.6B | $13.4B |
| YoY | — | — | — | — | -3.3% | +0.5% | -10.3% | +5.3% |
| Total assets | $181.6B | $183.6B | $186.3B | $195.7B | $189.7B | $192.3B | $195.7B | $198.0B |
| YoY | — | — | — | — | +4.5% | +4.8% | +5.0% | +1.2% |
| Total current liabilities | $15.5B | $17.4B | $19.4B | $16.6B | $18.4B | $19.4B | $21.0B | $20.3B |
| YoY | — | — | — | — | +18.9% | +11.4% | +8.7% | +22.3% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $49.7B | $49.1B | $50.1B | $50.7B | $50.9B | $51.5B | $51.8B | $54.5B |
| YoY | — | — | — | — | +2.4% | +4.7% | +3.4% | +7.5% |
| Shares outstanding | 772.0M | 772.0M | 776.0M | 777.0M | 778.0M | 778.0M | 778.0M | 778.0M |
| YoY | — | — | — | — | +0.8% | +0.8% | +0.3% | +0.1% |
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 | $3.0B | $3.5B | $3.4B | $2.2B | $2.9B | $3.6B | $3.7B | $1.5B |
| YoY | — | — | — | — | -3.0% | +3.1% | +8.3% | -30.5% |
| Capital expenditures | $3.0B | $3.0B | $3.1B | $3.1B | $3.3B | $3.5B | $4.1B | $4.1B |
| YoY | — | — | — | — | +9.5% | +15.6% | +34.1% | +29.9% |
| Free cash flow | $-43.0M | $537.0M | $288.0M | $-971.0M | $-417.0M | $179.0M | $-485.0M | $-2.6B |
| YoY | — | — | — | — | -869.8% | -66.7% | -268.4% | -165.3% |
| 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 | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 13.1% | 11.2% | 8.1% | 12.1% | 10.6% | 10.8% | 11.3% | 17.6% |
| Current ratio | 0.81x | 0.70x | 0.67x | 0.77x | 0.66x | 0.63x | 0.55x | 0.66x |
| 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 |
|---|---|---|---|---|---|---|
| DUK 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.