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 | $3.0B | $3.4B | $2.7B | $2.8B | $3.3B | $3.8B | $3.0B | $3.2B |
| YoY | — | — | — | — | +12.7% | +12.5% | +7.9% | +12.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $617.6M | $1.1B | $669.6M | $700.1M | $837.4M | $1.1B | $545.7M | $572.2M |
| YoY | — | — | — | — | +35.6% | -0.6% | -18.5% | -18.3% |
| Pretax income | $85.4M | $861.2M | $398.1M | $462.5M | $610.4M | $903.7M | $294.7M | $478.6M |
| YoY | — | — | — | — | +614.8% | +4.9% | -26.0% | +3.5% |
| Income tax | $33.6M | $215.5M | $110.9M | $100.0M | $138.4M | $205.3M | $54.2M | $87.8M |
| YoY | — | — | — | — | +311.9% | -4.7% | -51.1% | -12.2% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $0.11 | $1.51 | — | $0.84 | $1.07 | $1.55 | — | $0.84 |
| YoY | — | — | — | — | +872.7% | +2.6% | — | +0.0% |
| EPS — diluted | $0.11 | $1.50 | — | $0.82 | $1.05 | $1.53 | — | $0.83 |
| YoY | — | — | — | — | +854.5% | +2.0% | — | +1.2% |
| Weighted shares — basic | 427.2M | 428.0M | — | 430.3M | 439.2M | 446.5M | — | 455.7M |
| Weighted shares — diluted | 428.8M | 431.4M | — | 440.6M | 445.7M | 453.6M | — | 462.5M |
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 | $1.4B | $1.4B | $859.7M | $1.5B | $1.2B | $1.5B | $1.9B | $3.6B |
| YoY | — | — | — | — | -13.3% | +7.5% | +124.4% | +136.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $5.1B | $5.2B | $4.4B | $5.1B | $5.2B | $5.6B | $5.8B | $7.8B |
| YoY | — | — | — | — | +0.8% | +6.5% | +32.1% | +52.8% |
| Total assets | $62.8B | $64.5B | $64.8B | $66.6B | $68.4B | $69.8B | $71.9B | $75.8B |
| YoY | — | — | — | — | +8.9% | +8.4% | +11.0% | +13.8% |
| Total current liabilities | $5.5B | $5.9B | $6.1B | $6.2B | $6.5B | $7.8B | $7.8B | $8.2B |
| YoY | — | — | — | — | +18.7% | +33.0% | +28.0% | +31.6% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $14.6B | $15.0B | $15.1B | $15.2B | $16.2B | $16.7B | $16.9B | $17.3B |
| YoY | — | — | — | — | +11.3% | +10.8% | +12.2% | +14.2% |
| Shares outstanding | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
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 | $1.0B | $1.6B | $1.4B | $536.2M | $1.3B | $2.1B | $1.2B | $829.0M |
| YoY | — | — | — | — | +23.0% | +36.6% | -11.7% | +54.6% |
| Capital expenditures | $1.2B | $1.1B | $1.6B | $1.7B | $2.0B | $1.9B | $2.1B | $2.3B |
| YoY | — | — | — | — | +72.7% | +65.6% | +35.2% | +35.7% |
| Free cash flow | $-137.7M | $421.8M | $-193.8M | $-1.1B | $-746.6M | $246.0M | $-909.7M | $-1.4B |
| YoY | — | — | — | — | -442.2% | -41.7% | -369.4% | -26.6% |
| 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 | 20.9% | 33.2% | 24.4% | 24.6% | 25.2% | 29.4% | 18.4% | 18.0% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | -4.7% | 12.4% | -7.1% | -39.5% | -22.4% | 6.5% | -30.7% | -44.7% |
| Effective tax rate | 39.3% | 25.0% | 27.9% | 21.6% | 22.7% | 22.7% | 18.4% | 18.3% |
| Current ratio | 0.94x | 0.89x | 0.72x | 0.82x | 0.80x | 0.71x | 0.74x | 0.96x |
| 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 |
|---|---|---|---|---|---|---|
| ETR FY23 · this stock | $12.1B | -11.7% | — | 21.6% | — | — |
| 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.