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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $11.1B | $12.5B | $12.9B | $13.5B | $15.1B |
| YoY | — | +11.9% | +3.3% | +4.7% | +12.0% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $1.7B | $1.9B | $2.3B | $2.4B | $2.2B |
| YoY | — | +10.7% | +18.6% | +4.8% | -7.1% |
| Pretax income | $1.6B | $1.4B | $1.5B | $1.5B | $1.6B |
| YoY | — | -7.7% | +1.7% | +2.7% | +3.7% |
| Income tax | $320.0M | $1.0B | $267.0M | $377.0M | $288.0M |
| YoY | — | +212.5% | -73.3% | +41.2% | -23.6% |
| Net income | $1.3B | $406.0M | $1.1B | $978.0M | $1.0B |
| YoY | — | -68.4% | +171.4% | -11.3% | +4.3% |
| EPS — basic | $2.35 | $0.71 | $1.92 | $1.70 | $1.77 |
| YoY | — | -69.8% | +170.4% | -11.5% | +4.1% |
| EPS — diluted | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
| YoY | — | -69.8% | +170.4% | -11.5% | +3.5% |
| Weighted shares — basic | 545.0M | 571.0M | 573.0M | 575.0M | 577.0M |
| Weighted shares — diluted | 546.0M | 572.0M | 574.0M | 577.0M | 578.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.5B | $160.0M | $137.0M | $111.0M | $57.0M |
| YoY | — | -89.1% | -14.4% | -19.0% | -48.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.0B | $1.3B | $1.3B | $1.5B | $1.7B |
| YoY | — | +27.6% | +0.0% | +16.1% | +12.8% |
| Inventory | $260.0M | $421.0M | $512.0M | $549.0M | $577.0M |
| YoY | — | +61.9% | +21.6% | +7.2% | +5.1% |
| Total current assets | $3.2B | $2.4B | $2.6B | $2.8B | $3.0B |
| YoY | — | -25.4% | +6.3% | +8.1% | +7.3% |
| Total assets | $45.4B | $46.1B | $48.8B | $52.0B | $55.9B |
| YoY | — | +1.5% | +5.8% | +6.7% | +7.4% |
| Total current liabilities | $4.4B | $4.0B | $5.4B | $5.0B | $5.3B |
| YoY | — | -10.4% | +36.1% | -7.2% | +5.5% |
| Total liabilities | — | $35.5B | $37.9B | $38.3B | $42.0B |
| YoY | — | — | +6.7% | +1.2% | +9.5% |
| Total equity | $8.7B | $10.2B | $10.4B | $12.5B | $12.5B |
| YoY | — | +17.2% | +2.7% | +19.3% | +0.4% |
| Shares outstanding | 570.3M | 572.1M | 574.3M | 576.6M | 577.9M |
| YoY | — | +0.3% | +0.4% | +0.4% | +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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.8B | $2.7B | $1.4B | $2.9B | $3.7B |
| YoY | — | -4.6% | -48.3% | +108.4% | +28.0% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | 15.5% | 15.3% | 17.6% | 17.6% | 14.6% |
| Net margin | 11.5% | 3.3% | 8.6% | 7.3% | 6.8% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 20.5% | 69.5% | 18.2% | 25.1% | 18.5% |
| Current ratio | 0.73x | 0.61x | 0.48x | 0.56x | 0.57x |
| Total liabilities / equity | — | 3.49x | 3.63x | 3.08x | 3.36x |
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 |
|---|---|---|---|---|---|---|
| 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.