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 | $3.3B | $3.7B | $3.2B | $3.8B | $3.4B | $4.1B | $3.8B | $4.2B |
| YoY | — | — | — | — | +3.0% | +11.2% | +19.6% | +11.6% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $423.0M | $727.0M | $613.0M | $754.0M | $646.0M | $830.0M | $-24.0M | $828.0M |
| YoY | — | — | — | — | +52.7% | +14.2% | -103.9% | +9.8% |
| Pretax income | $163.0M | $560.0M | $379.0M | $540.0M | $406.0M | $610.0M | $3.0M | $604.0M |
| YoY | — | — | — | — | +149.1% | +8.9% | -99.2% | +11.9% |
| Income tax | $65.0M | $94.0M | $83.0M | $126.0M | $88.0M | $78.0M | $-4.0M | $138.0M |
| YoY | — | — | — | — | +35.4% | -17.0% | -104.8% | +9.5% |
| Net income | $45.0M | $419.0M | $261.0M | $360.0M | $268.0M | $441.0M | $-49.0M | $405.0M |
| YoY | — | — | — | — | +495.6% | +5.3% | -118.8% | +12.5% |
| EPS — basic | $0.08 | $0.73 | — | $0.62 | $0.46 | $0.76 | — | $0.70 |
| YoY | — | — | — | — | +475.0% | +4.1% | — | +12.9% |
| EPS — diluted | $0.08 | $0.73 | — | $0.62 | $0.46 | $0.76 | — | $0.70 |
| YoY | — | — | — | — | +475.0% | +4.1% | — | +12.9% |
| Weighted shares — basic | 575.0M | 576.0M | — | 577.0M | 577.0M | 577.0M | — | 578.0M |
| Weighted shares — diluted | 576.0M | 577.0M | — | 578.0M | 578.0M | 578.0M | — | 580.0M |
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 | $60.0M | $439.0M | $111.0M | $132.0M | $569.0M | $1.4B | $57.0M | $52.0M |
| YoY | — | — | — | — | +848.3% | +219.8% | -48.6% | -60.6% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.5B | $1.5B | $1.5B | $1.6B | $1.6B | $1.5B | $1.7B | $1.6B |
| YoY | — | — | — | — | +6.3% | +0.6% | +12.8% | +4.5% |
| Inventory | $536.0M | $536.0M | $549.0M | $567.0M | $595.0M | $578.0M | $577.0M | $582.0M |
| YoY | — | — | — | — | +11.0% | +7.8% | +5.1% | +2.6% |
| Total current assets | $3.3B | $3.1B | $2.8B | $3.0B | $3.5B | $4.2B | $3.0B | $3.0B |
| YoY | — | — | — | — | +6.5% | +37.3% | +7.3% | +3.0% |
| Total assets | $51.0B | $50.8B | $52.0B | $52.8B | $54.2B | $55.9B | $55.9B | $56.9B |
| YoY | — | — | — | — | +6.3% | +10.1% | +7.4% | +7.9% |
| Total current liabilities | $6.4B | $5.5B | $5.0B | $7.1B | $5.6B | $5.6B | $5.3B | $5.8B |
| YoY | — | — | — | — | -11.2% | +2.9% | +5.5% | -17.9% |
| Total liabilities | $37.3B | $37.1B | $38.3B | $38.9B | $40.1B | $41.7B | $42.0B | $42.8B |
| YoY | — | — | — | — | +7.4% | +12.5% | +9.5% | +10.0% |
| Total equity | $12.5B | $12.4B | $12.5B | $12.6B | $12.9B | $12.8B | $12.5B | $12.7B |
| YoY | — | — | — | — | +3.0% | +3.0% | +0.4% | +0.7% |
| Shares outstanding | 575.9M | 576.3M | 576.6M | 577.2M | 577.4M | 577.7M | 577.9M | 578.4M |
| YoY | — | — | — | — | +0.3% | +0.2% | +0.2% | +0.2% |
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 | $1.1B | $775.0M | $1.0B | $637.0M | $1.1B | $845.0M | $1.1B | $148.0M |
| YoY | — | — | — | — | -2.7% | +9.0% | +8.8% | -76.8% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | 12.9% | 19.5% | 19.3% | 20.0% | 19.1% | 20.0% | -0.6% | 19.7% |
| Net margin | 1.4% | 11.2% | 8.2% | 9.6% | 7.9% | 10.6% | -1.3% | 9.6% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 39.9% | 16.8% | 21.9% | 23.3% | 21.7% | 12.8% | -133.3% | 22.8% |
| Current ratio | 0.51x | 0.56x | 0.56x | 0.42x | 0.61x | 0.75x | 0.57x | 0.52x |
| Total liabilities / equity | 2.99x | 2.98x | 3.08x | 3.10x | 3.12x | 3.26x | 3.36x | 3.38x |
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 |
|---|---|---|---|---|---|---|
| FE FY25 · this stock | $15.1B | +12.0% | — | 14.6% | 6.8% | — |
| 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% | — |
| 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.