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.
| FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $8.9B | $9.9B | $12.3B | $11.9B |
| YoY | — | +4.4% | +10.8% | +24.6% | -3.1% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.6B | $2.0B | $2.0B | $2.2B | $2.4B |
| YoY | — | +25.0% | +0.2% | +10.3% | +9.1% |
| Pretax income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Income tax | $273.5M | $346.2M | $344.2M | $453.6M | $159.7M |
| YoY | — | +26.6% | -0.6% | +31.8% | -64.8% |
| Net income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| EPS — basic | $2.83 | $3.56 | $3.55 | $4.05 | $-1.27 |
| YoY | — | +25.8% | -0.3% | +14.1% | -131.4% |
| EPS — diluted | $2.81 | $3.55 | $3.54 | $4.05 | $-1.26 |
| YoY | — | +26.3% | -0.3% | +14.4% | -131.1% |
| Weighted shares — basic | 321.4M | 338.8M | 344.0M | 346.8M | 349.6M |
| Weighted shares — diluted | 322.9M | 339.8M | 344.6M | 347.2M | 349.8M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
| Cash & equivalents | $15.4M | — | $66.8M | $374.6M | $53.9M |
| YoY | — | — | — | +460.8% | -85.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $989.4M | $1.2B | $1.2B | $1.5B | $1.4B |
| YoY | — | +20.9% | +2.5% | +23.7% | -5.6% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $2.4B | $3.1B | $3.3B | $4.2B | $4.2B |
| YoY | — | +29.6% | +4.5% | +29.1% | +0.6% |
| Total assets | $41.1B | $46.1B | $48.5B | $53.2B | $55.6B |
| YoY | — | +12.1% | +5.2% | +9.8% | +4.5% |
| Total current liabilities | $3.6B | $4.9B | $5.8B | $6.8B | $6.3B |
| YoY | — | +36.3% | +19.0% | +16.3% | -6.7% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $12.6B | $14.1B | $14.6B | $15.5B | $14.2B |
| YoY | — | +11.4% | +3.8% | +6.0% | -8.4% |
| Shares outstanding | 329.9M | 343.0M | 344.4M | 348.4M | 349.5M |
| YoY | — | +4.0% | +0.4% | +1.2% | +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.
| FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.0B | $1.7B | $2.0B | $2.4B | $1.6B |
| YoY | — | -16.3% | +16.6% | +22.4% | -31.4% |
| Capital expenditures | $2.9B | $2.9B | $3.2B | $3.4B | $4.3B |
| YoY | — | +1.1% | +7.9% | +8.4% | +26.0% |
| Free cash flow | $-901.9M | $-1.3B | $-1.2B | $-1.0B | $-2.7B |
| YoY | — | -39.7% | +3.8% | +14.2% | -158.6% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 18.7% | 22.3% | 20.2% | 17.9% | 20.1% |
| Net margin | — | — | — | — | — |
| Free cash flow margin | -10.6% | -14.2% | -12.3% | -8.5% | -22.6% |
| Effective tax rate | — | — | — | — | — |
| Current ratio | 0.67x | 0.64x | 0.56x | 0.62x | 0.67x |
| 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 |
|---|---|---|---|---|---|---|
| ES FY23 · this stock | $11.9B | -3.1% | — | 20.1% | — | -22.6% |
| 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.