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 | $4.3B | $5.2B | $4.0B | $3.8B | $4.5B | $5.8B | $5.2B | $4.1B |
| YoY | — | — | — | — | +4.8% | +10.6% | +30.8% | +7.7% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $900.0M | $995.0M | $790.0M | $2.1B | $775.0M | $1.4B | $2.8B | $1.1B |
| YoY | — | — | — | — | -13.9% | +43.9% | +248.4% | -49.7% |
| Pretax income | $568.0M | $645.0M | $411.0M | $1.9B | $384.0M | $1.1B | $2.6B | $671.0M |
| YoY | — | — | — | — | -32.4% | +64.8% | +533.8% | -65.4% |
| Income tax | $59.0M | $68.0M | $3.0M | $448.0M | $-14.0M | $175.0M | $682.0M | $101.0M |
| YoY | — | — | — | — | -123.7% | +157.4% | +22633.3% | -77.5% |
| Net income | $439.0M | $516.0M | $340.0M | $1.4B | $343.0M | $832.0M | $1.8B | $531.0M |
| YoY | — | — | — | — | -21.9% | +61.2% | +443.5% | -63.0% |
| EPS — basic | $1.14 | $1.33 | — | $3.73 | $0.89 | $2.16 | — | $1.38 |
| YoY | — | — | — | — | -21.9% | +62.4% | — | -63.0% |
| EPS — diluted | $1.13 | $1.32 | — | $3.72 | $0.89 | $2.16 | — | $1.37 |
| YoY | — | — | — | — | -21.2% | +63.6% | — | -63.2% |
| Weighted shares — basic | 385.0M | 387.0M | — | 385.0M | 385.0M | 385.0M | — | 385.0M |
| Weighted shares — diluted | 388.0M | 390.0M | — | 386.0M | 386.0M | 386.0M | — | 387.0M |
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 | $465.0M | $200.0M | $193.0M | $1.3B | $140.0M | $364.0M | $158.0M | $168.0M |
| YoY | — | — | — | — | -69.9% | +82.0% | -18.1% | -87.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.0B | $2.8B | $2.2B | $1.9B | $1.9B | $2.3B | $1.5B | $1.6B |
| YoY | — | — | — | — | -5.8% | -17.8% | -32.5% | -15.4% |
| Inventory | $534.0M | $533.0M | $538.0M | $539.0M | $523.0M | $524.0M | $535.0M | $542.0M |
| YoY | — | — | — | — | -2.1% | -1.7% | -0.6% | +0.6% |
| Total current assets | $8.5B | $7.4B | $7.2B | $7.4B | $7.0B | $7.7B | $7.7B | $7.2B |
| YoY | — | — | — | — | -18.4% | +3.8% | +7.4% | -3.4% |
| Total assets | $84.8B | $84.7B | $85.6B | $88.4B | $88.8B | $90.5B | $94.0B | $94.5B |
| YoY | — | — | — | — | +4.7% | +6.8% | +9.9% | +6.8% |
| Total current liabilities | $8.3B | $8.5B | $8.4B | $7.8B | $8.0B | $9.4B | $10.5B | $9.7B |
| YoY | — | — | — | — | -3.7% | +10.7% | +24.8% | +24.9% |
| Total liabilities | $67.0B | $66.6B | $67.8B | $69.6B | $70.0B | $71.2B | $74.8B | $75.6B |
| YoY | — | — | — | — | +4.5% | +6.8% | +10.2% | +8.6% |
| Total equity | $15.4B | $15.7B | $15.6B | $16.6B | $16.7B | $17.2B | $17.6B | $17.3B |
| YoY | — | — | — | — | +8.2% | +9.5% | +12.9% | +4.2% |
| Shares outstanding | 386.1M | 387.1M | 384.8M | 384.8M | 384.8M | 384.8M | 384.8M | 384.8M |
| YoY | — | — | — | — | -0.3% | -0.6% | +0.0% | +0.0% |
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 | $329.0M | $2.5B | $1.2B | $1.2B | $882.0M | $2.1B | $1.6B | $1.4B |
| YoY | — | — | — | — | +168.1% | -14.2% | +34.4% | +16.6% |
| Capital expenditures | $1.4B | $1.5B | $1.5B | $1.4B | $1.7B | $1.5B | $1.9B | $1.5B |
| YoY | — | — | — | — | +20.5% | -0.5% | +26.4% | +9.3% |
| Free cash flow | $-1.1B | $961.0M | $-326.0M | $-184.0M | $-830.0M | $618.0M | $-319.0M | $-112.0M |
| YoY | — | — | — | — | +24.0% | -35.7% | +2.1% | +39.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | $200.0M | $29.0M | $0 | $3.0M | $0 | $26.0M |
| YoY | — | — | — | — | — | — | -100.0% | -10.3% |
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 | 20.8% | 19.1% | 19.8% | 56.0% | 17.1% | 24.9% | 52.8% | 26.2% |
| Net margin | 10.1% | 9.9% | 8.5% | 37.7% | 7.6% | 14.5% | 35.4% | 12.9% |
| Free cash flow margin | -25.2% | 18.5% | -8.2% | -4.8% | -18.3% | 10.7% | -6.1% | -2.7% |
| Effective tax rate | 10.4% | 10.5% | 0.7% | 23.1% | -3.6% | 16.5% | 26.2% | 15.1% |
| Current ratio | 1.03x | 0.88x | 0.85x | 0.96x | 0.87x | 0.82x | 0.73x | 0.74x |
| Total liabilities / equity | 4.34x | 4.25x | 4.36x | 4.19x | 4.19x | 4.15x | 4.25x | 4.36x |
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 |
|---|---|---|---|---|---|---|
| EIX FY25 · this stock | $19.3B | +9.8% | — | 36.7% | 23.1% | -3.7% |
| 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% |
| 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% | — |
| 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.