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 | $5.5B | $6.0B | $7.1B | $7.9B | $8.6B |
| YoY | — | +9.3% | +17.6% | +12.1% | +8.8% |
| Pretax income | $4.0B | $4.1B | $4.8B | $5.2B | $5.7B |
| YoY | — | +2.2% | +16.9% | +9.0% | +10.0% |
| Income tax | $268.0M | $300.0M | $438.0M | $590.0M | $642.0M |
| YoY | — | +11.9% | +46.0% | +34.7% | +8.8% |
| Net income | $3.9B | $2.5B | $2.8B | $4.5B | $5.0B |
| YoY | — | -34.7% | +11.4% | +59.2% | +9.8% |
| EPS — basic | $4.94 | $3.17 | $3.54 | $5.71 | $6.31 |
| YoY | — | -35.8% | +11.7% | +61.3% | +10.5% |
| EPS — diluted | $4.94 | $3.17 | $3.54 | $5.71 | $6.31 |
| YoY | — | -35.8% | +11.7% | +61.3% | +10.5% |
| Weighted shares — basic | 769.0M | 770.0M | 771.0M | 772.0M | 777.0M |
| Weighted shares — diluted | 769.0M | 770.0M | 771.0M | 772.0M | 777.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $341.0M | $409.0M | $253.0M | $314.0M | $245.0M |
| YoY | — | +19.9% | -38.1% | +24.1% | -22.0% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.4B | $3.1B | $3.0B | $1.9B | $16.0M |
| YoY | — | +27.5% | -2.8% | -37.4% | -99.2% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $9.9B | $13.2B | $12.8B | $12.9B | $11.6B |
| YoY | — | +33.0% | -3.4% | +1.4% | -10.3% |
| Total assets | $169.6B | $178.1B | $176.9B | $186.3B | $195.7B |
| YoY | — | +5.0% | -0.7% | +5.3% | +5.0% |
| Total current liabilities | $15.9B | $18.9B | $17.3B | $19.4B | $21.0B |
| YoY | — | +18.5% | -8.4% | +12.0% | +8.7% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $49.3B | $49.3B | $49.1B | $50.1B | $51.8B |
| YoY | — | +0.1% | -0.4% | +2.1% | +3.4% |
| Shares outstanding | 769.0M | 770.0M | 771.0M | 776.0M | 778.0M |
| YoY | — | +0.1% | +0.1% | +0.6% | +0.3% |
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 | $8.3B | $5.9B | $9.9B | $12.3B | $12.3B |
| YoY | — | -28.5% | +66.7% | +24.8% | +0.0% |
| Capital expenditures | $9.7B | $11.4B | $12.6B | $12.3B | $14.0B |
| YoY | — | +17.0% | +10.9% | -2.6% | +14.2% |
| Free cash flow | $-1.4B | $-5.4B | $-2.7B | $48.0M | $-1.7B |
| YoY | — | -281.8% | +49.9% | +101.8% | -3629.2% |
| 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 | 6.7% | 7.4% | 9.2% | 11.4% | 11.2% |
| Current ratio | 0.62x | 0.70x | 0.74x | 0.67x | 0.55x |
| 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.