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.
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 | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.7B | $2.9B | $941.0M | $2.3B | $1.9B | $2.5B | $1.6B | $2.2B |
| YoY | — | — | — | — | +14.4% | -11.5% | +68.5% | -2.1% |
| Pretax income | $1.2B | $1.6B | $1.0B | $-57.0M | $1.4B | $1.9B | $1.3B | $1.2B |
| YoY | — | — | — | — | +12.3% | +18.1% | +26.2% | +2203.5% |
| Income tax | $-64.0M | $5.0M | $171.0M | $-521.0M | $-256.0M | $-250.0M | $225.0M | $-489.0M |
| YoY | — | — | — | — | -300.0% | -5100.0% | +31.6% | +6.1% |
| Net income | $1.6B | $1.9B | $1.2B | $833.0M | $2.0B | $2.4B | $1.5B | $2.2B |
| YoY | — | — | — | — | +25.0% | +31.6% | +27.6% | +161.9% |
| EPS — basic | $0.79 | $0.90 | — | $0.41 | $0.99 | $1.18 | — | $1.05 |
| YoY | — | — | — | — | +25.3% | +31.1% | — | +156.1% |
| EPS — diluted | $0.79 | $0.90 | — | $0.40 | $0.98 | $1.18 | — | $1.04 |
| YoY | — | — | — | — | +24.1% | +31.1% | — | +160.0% |
| Weighted shares — basic | 2.05B | 2.05B | — | 2.06B | 2.06B | 2.06B | — | 2.08B |
| Weighted shares — diluted | 2.06B | 2.06B | — | 2.06B | 2.06B | 2.07B | — | 2.09B |
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 | $1.6B | $2.3B | $1.5B | $2.4B | $1.7B | $2.4B | $2.8B | $2.0B |
| YoY | — | — | — | — | +11.4% | +5.7% | +89.1% | -17.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $3.6B | $3.6B | $3.3B | $3.2B | $3.9B | $3.9B | $4.0B | $4.1B |
| YoY | — | — | — | — | +7.5% | +10.9% | +20.4% | +31.0% |
| Inventory | $2.2B | $2.3B | $2.2B | $2.3B | $2.2B | $2.4B | $2.4B | $2.6B |
| YoY | — | — | — | — | +2.4% | +7.4% | +9.3% | +10.8% |
| Total current assets | $12.8B | $12.2B | $12.0B | $12.6B | $12.5B | $12.7B | $13.6B | $13.9B |
| YoY | — | — | — | — | -2.4% | +4.0% | +13.7% | +9.6% |
| Total assets | $184.7B | $186.0B | $190.1B | $194.3B | $198.8B | $204.4B | $212.7B | $221.4B |
| YoY | — | — | — | — | +7.6% | +9.9% | +11.9% | +14.0% |
| Total current liabilities | $26.2B | $29.6B | $25.4B | $22.9B | $23.0B | $22.9B | $22.8B | $25.6B |
| YoY | — | — | — | — | -12.1% | -22.7% | -10.0% | +11.9% |
| Total liabilities | $125.3B | $126.5B | $129.3B | $133.9B | $137.9B | $139.8B | $146.2B | $154.8B |
| YoY | — | — | — | — | +10.1% | +10.5% | +13.1% | +15.6% |
| Total equity | $49.1B | $50.1B | $50.1B | $49.8B | $50.8B | $54.2B | $54.6B | $55.2B |
| YoY | — | — | — | — | +3.4% | +8.3% | +9.0% | +10.9% |
| Shares outstanding | 2.06B | 2.06B | 2.06B | 2.06B | 2.06B | 2.08B | 2.08B | 2.08B |
| YoY | — | — | — | — | +0.2% | +1.3% | +1.3% | +1.3% |
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 | $3.9B | $4.3B | $2.0B | $2.8B | $3.2B | $4.0B | $2.5B | $2.6B |
| YoY | — | — | — | — | -18.9% | -5.6% | +26.1% | -5.6% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| YoY | — | — | — | — | +10.3% | +10.0% | +11.5% | +11.5% |
| 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 | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | -5.2% | 0.3% | 16.4% | 914.0% | -18.5% | -13.3% | 17.1% | -40.8% |
| Current ratio | 0.49x | 0.41x | 0.47x | 0.55x | 0.54x | 0.55x | 0.60x | 0.54x |
| Total liabilities / equity | 2.55x | 2.53x | 2.58x | 2.69x | 2.71x | 2.58x | 2.68x | 2.80x |
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 |
|---|---|---|---|---|---|---|
| NEE FY25 · this stock | — | — | — | — | — | — |
| 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.