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 | $5.4B | $6.2B | $5.5B | $6.7B | $5.4B | $6.7B | $5.4B | $7.2B |
| YoY | — | — | — | — | +1.2% | +9.0% | -1.1% | +7.9% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $913.0M | $1.2B | $1.1B | $1.5B | $927.0M | $1.5B | $1.2B | $1.6B |
| YoY | — | — | — | — | +1.5% | +25.4% | +7.9% | +4.5% |
| Pretax income | $494.0M | $757.0M | $696.0M | $1.1B | $461.0M | $1.0B | $721.0M | $1.1B |
| YoY | — | — | — | — | -6.7% | +36.1% | +3.6% | +3.8% |
| Income tax | $46.0M | $50.0M | $49.0M | $170.0M | $70.0M | $155.0M | $127.0M | $200.0M |
| YoY | — | — | — | — | +52.2% | +210.0% | +159.2% | +17.6% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $0.45 | $0.70 | — | $0.90 | $0.39 | $0.87 | — | $0.90 |
| YoY | — | — | — | — | -13.3% | +24.3% | — | +0.0% |
| EPS — diluted | $0.45 | $0.70 | — | $0.90 | $0.39 | $0.86 | — | $0.90 |
| YoY | — | — | — | — | -13.3% | +22.9% | — | +0.0% |
| Weighted shares — basic | 1.00B | 1.00B | — | 1.01B | 1.01B | 1.01B | — | 1.02B |
| Weighted shares — diluted | 1.00B | 1.00B | — | 1.01B | 1.01B | 1.01B | — | 1.03B |
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 | $934.0M | $616.0M | $357.0M | $1.0B | $724.0M | $1.5B | $626.0M | $713.0M |
| YoY | — | — | — | — | -22.5% | +148.9% | +75.4% | -29.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.7B | $2.5B | $2.7B | $3.0B | $3.1B | $2.9B | $3.3B | $3.1B |
| YoY | — | — | — | — | +14.3% | +14.1% | +20.4% | +3.7% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $8.6B | $8.0B | $8.4B | $8.8B | $8.7B | $9.2B | $9.5B | $9.0B |
| YoY | — | — | — | — | +1.4% | +15.0% | +13.9% | +2.3% |
| Total assets | $105.1B | $106.1B | $107.8B | $109.5B | $111.1B | $113.5B | $116.6B | $117.5B |
| YoY | — | — | — | — | +5.7% | +7.0% | +8.2% | +7.4% |
| Total current liabilities | $8.3B | $7.4B | $9.6B | $8.1B | $9.2B | $9.8B | $10.3B | $9.6B |
| YoY | — | — | — | — | +10.6% | +33.1% | +7.5% | +18.3% |
| Total liabilities | $79.0B | $79.4B | $80.9B | $81.9B | $83.5B | $85.4B | $87.8B | $88.2B |
| YoY | — | — | — | — | +5.8% | +7.5% | +8.5% | +7.8% |
| Total equity | $26.2B | $26.6B | $26.9B | $27.6B | $27.6B | $28.1B | $28.8B | $29.3B |
| YoY | — | — | — | — | +5.6% | +5.6% | +7.0% | +6.2% |
| Shares outstanding | 1.00B | 1.00B | 1.00B | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B |
| YoY | — | — | — | — | +1.0% | +0.5% | +1.8% | +1.4% |
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 | $1.5B | $1.7B | $1.4B | $1.2B | $1.5B | $2.3B | $1.2B | $1.7B |
| YoY | — | — | — | — | +3.4% | +36.1% | -12.8% | +43.7% |
| Capital expenditures | $1.7B | $1.7B | $1.9B | $1.9B | $2.0B | $2.1B | $2.4B | $2.4B |
| YoY | — | — | — | — | +18.5% | +26.0% | +25.7% | +21.2% |
| Free cash flow | $-237.0M | $-6.0M | $-510.0M | $-746.0M | $-502.0M | $163.0M | $-1.2B | $-634.0M |
| YoY | — | — | — | — | -111.8% | +2816.7% | -133.3% | +15.0% |
| 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 | 17.0% | 19.4% | 20.1% | 22.9% | 17.1% | 22.4% | 21.9% | 22.2% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | -4.4% | -0.1% | -9.3% | -11.1% | -9.3% | 2.4% | -22.0% | -8.8% |
| Effective tax rate | 9.3% | 6.6% | 7.0% | 15.8% | 15.2% | 15.0% | 17.6% | 17.9% |
| Current ratio | 1.03x | 1.09x | 0.87x | 1.09x | 0.95x | 0.94x | 0.92x | 0.94x |
| Total liabilities / equity | 3.02x | 2.98x | 3.00x | 2.97x | 3.02x | 3.04x | 3.05x | 3.01x |
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 |
|---|---|---|---|---|---|---|
| EXC FY12 · this stock | $23.5B | +23.2% | — | 10.1% | — | 1.5% |
| SO FY25 | $29.6B | +10.6% | — | 24.7% | — | -9.9% |
| CEG FY25 | $25.5B | +8.3% | — | 12.1% | 9.1% | 5.0% |
| 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% | — |
| 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.