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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.9B | $4.1B | $10.2B | $7.5B | $8.3B |
| YoY | — | +40.1% | +150.8% | -26.9% | +10.7% |
| Pretax income | $3.2B | $3.8B | $7.3B | $6.0B | $4.5B |
| YoY | — | +20.7% | +90.2% | -17.2% | -25.0% |
| Income tax | $348.0M | $586.0M | $1.0B | $339.0M | $-802.0M |
| YoY | — | +68.4% | +71.7% | -66.3% | -336.6% |
| Net income | $3.6B | $4.1B | $7.3B | $6.9B | $6.8B |
| YoY | — | +16.1% | +76.3% | -5.0% | -1.6% |
| EPS — basic | $1.82 | $2.10 | $3.61 | $3.38 | $3.31 |
| YoY | — | +15.4% | +71.9% | -6.4% | -2.1% |
| EPS — diluted | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| YoY | — | +16.0% | +71.4% | -6.4% | -2.1% |
| Weighted shares — basic | 1.96B | 1.97B | 2.03B | 2.05B | 2.06B |
| Weighted shares — diluted | 1.97B | 1.98B | 2.03B | 2.06B | 2.07B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $639.0M | $1.6B | $2.7B | $1.5B | $2.8B |
| YoY | — | +150.5% | +68.0% | -44.7% | +89.1% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $3.4B | $4.3B | $3.6B | $3.3B | $4.0B |
| YoY | — | +28.7% | -17.0% | -7.6% | +20.4% |
| Inventory | $1.6B | $1.9B | $2.1B | $2.2B | $2.4B |
| YoY | — | +23.9% | +8.9% | +5.1% | +9.3% |
| Total current assets | $9.3B | $13.5B | $15.4B | $12.0B | $13.6B |
| YoY | — | +45.2% | +13.9% | -22.2% | +13.7% |
| Total assets | $140.9B | $158.9B | $177.5B | $190.1B | $212.7B |
| YoY | — | +12.8% | +11.7% | +7.1% | +11.9% |
| Total current liabilities | $17.4B | $26.7B | $28.0B | $25.4B | $22.8B |
| YoY | — | +53.1% | +4.7% | -9.3% | -10.0% |
| Total liabilities | $95.2B | $109.5B | $118.5B | $129.3B | $146.2B |
| YoY | — | +15.0% | +8.2% | +9.1% | +13.1% |
| Total equity | $37.2B | $39.2B | $47.5B | $50.1B | $54.6B |
| YoY | — | +5.4% | +21.0% | +5.5% | +9.0% |
| Shares outstanding | 1.96B | 1.99B | 2.05B | 2.06B | 2.08B |
| YoY | — | +1.2% | +3.3% | +0.2% | +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.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.6B | $8.3B | $11.3B | $13.3B | $12.5B |
| YoY | — | +9.4% | +36.8% | +17.3% | -5.8% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $3.0B | $3.4B | $3.8B | $4.2B | $4.7B |
| YoY | — | +10.8% | +12.8% | +12.0% | +10.5% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 11.0% | 15.3% | 13.8% | 5.6% | -17.7% |
| Current ratio | 0.53x | 0.51x | 0.55x | 0.47x | 0.60x |
| Total liabilities / equity | 2.56x | 2.79x | 2.50x | 2.58x | 2.68x |
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.