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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9B | $6.6B | $6.0B | $5.9B | $6.2B | $6.8B | $6.9B | $5.9B |
| YoY | — | — | — | — | +5.2% | +2.6% | +15.0% | +0.1% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.0B | $1.0B | $1.2B | $1.1B | $1.2B | $1.2B | $1.5B | $1.3B |
| YoY | — | — | — | — | +17.5% | +20.0% | +20.5% | +15.2% |
| Pretax income | $473.0M | $459.0M | $673.0M | $569.0M | $630.0M | $551.0M | $905.0M | $674.0M |
| YoY | — | — | — | — | +33.2% | +20.0% | +34.5% | +18.5% |
| Income tax | $-106.0M | $-215.0M | $39.0M | $20.0M | $-220.0M | $-119.0M | $20.0M | $-87.0M |
| YoY | — | — | — | — | -107.5% | +44.7% | -48.7% | -535.0% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $0.27 | — | $0.28 | $0.24 | $0.37 | — | $0.39 | $0.33 |
| YoY | — | — | — | — | +37.0% | — | +39.3% | +37.5% |
| EPS — diluted | $0.27 | — | $0.28 | $0.24 | $0.37 | — | $0.39 | $0.33 |
| YoY | — | — | — | — | +37.0% | — | +39.3% | +37.5% |
| Weighted shares — basic | 2.14B | — | 2.19B | 2.20B | 2.20B | — | 2.20B | 2.20B |
| Weighted shares — diluted | 2.14B | — | 2.20B | 2.20B | 2.28B | — | 2.28B | 2.29B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $895.0M | $940.0M | $2.0B | $494.0M | $404.0M | $713.0M | $1.1B | $972.0M |
| YoY | — | — | — | — | -54.9% | -24.1% | -44.1% | +96.8% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.3B | $2.2B | $2.1B | $2.0B | $2.3B | $2.3B | $1.9B | $1.9B |
| YoY | — | — | — | — | +1.8% | +2.1% | -9.6% | -7.0% |
| Inventory | $51.0M | $52.0M | $45.0M | $73.0M | $74.0M | $75.0M | $68.0M | $70.0M |
| YoY | — | — | — | — | +45.1% | +44.2% | +51.1% | -4.1% |
| Total current assets | $17.5B | $17.2B | $16.9B | $15.2B | $14.4B | $15.8B | $14.8B | $15.4B |
| YoY | — | — | — | — | -18.0% | -8.1% | -12.4% | +1.6% |
| Total assets | $132.3B | $133.7B | $135.4B | $136.4B | $138.2B | $141.6B | $142.0B | $145.1B |
| YoY | — | — | — | — | +4.5% | +5.9% | +4.8% | +6.4% |
| Total current liabilities | $16.9B | $16.3B | $17.8B | $16.2B | $15.3B | $16.3B | $12.3B | $12.7B |
| YoY | — | — | — | — | -9.4% | -0.2% | -30.7% | -21.7% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $26.8B | $30.1B | $30.7B | $31.2B | $32.0B | $32.5B | $33.2B | $33.9B |
| YoY | — | — | — | — | +19.2% | +7.9% | +8.4% | +8.7% |
| Shares outstanding | 2.14B | 2.19B | 2.20B | 2.20B | 2.20B | 2.20B | 2.20B | 2.20B |
| YoY | — | — | — | — | +2.8% | +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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $1.9B | $2.8B | $1.1B | $2.9B | $2.0B | $2.4B | $906.0M |
| YoY | — | — | — | — | -8.9% | +1.4% | -14.7% | -14.3% |
| Capital expenditures | $2.6B | $2.8B | $2.6B | $3.1B | $2.9B | $3.2B | $3.4B | $3.0B |
| YoY | — | — | — | — | +12.5% | +11.6% | +27.4% | -3.2% |
| Free cash flow | $526.0M | $-896.0M | $213.0M | $-2.0B | $-80.0M | $-1.2B | $-926.0M | $-2.1B |
| YoY | — | — | — | — | -115.2% | -33.5% | -534.7% | -2.6% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 17.3% | 15.4% | 20.4% | 18.6% | 19.3% | 18.0% | 21.4% | 21.4% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | 8.9% | -13.5% | 3.6% | -34.0% | -1.3% | -17.6% | -13.5% | -34.9% |
| Effective tax rate | -22.4% | -46.8% | 5.8% | 3.5% | -34.9% | -21.6% | 2.2% | -12.9% |
| Current ratio | 1.04x | 1.05x | 0.95x | 0.94x | 0.94x | 0.97x | 1.20x | 1.22x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| PCG FY09 · this stock | $13.4B | -8.4% | — | 17.2% | — | -6.9% |
| 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.