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 | $9.7B | $9.8B | $11.2B | $10.3B | $12.2B |
| YoY | — | +0.8% | +14.7% | -8.4% | +18.3% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $-856.0M | $1.4B | $3.7B | $2.4B | $3.0B |
| YoY | — | +261.3% | +166.8% | -36.1% | +26.6% |
| Pretax income | $-1.1B | $1.0B | $3.1B | $1.8B | $2.4B |
| YoY | — | +192.0% | +207.5% | -40.8% | +30.1% |
| Income tax | $-441.0M | $-29.0M | $518.0M | $53.0M | $263.0M |
| YoY | — | +93.4% | +1886.2% | -89.8% | +396.2% |
| Net income | $-648.0M | $1.0B | $2.6B | $1.8B | $2.1B |
| YoY | — | +259.1% | +148.6% | -30.9% | +19.1% |
| EPS — basic | $-1.29 | $2.07 | $5.15 | $3.56 | $4.23 |
| YoY | — | +260.5% | +148.8% | -30.9% | +18.8% |
| EPS — diluted | $-1.29 | $2.06 | $5.13 | $3.54 | $4.22 |
| YoY | — | +259.7% | +149.0% | -31.0% | +19.2% |
| Weighted shares — basic | 504.0M | 498.0M | 498.0M | 498.0M | 499.0M |
| Weighted shares — diluted | 504.0M | 501.0M | 500.0M | 500.0M | 501.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $818.0M | $465.0M | $54.0M | $125.0M | $132.0M |
| YoY | — | -43.2% | -88.4% | +131.5% | +5.6% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.9B | $1.9B | $1.5B | $1.6B | $1.9B |
| YoY | — | +4.6% | -23.8% | +7.8% | +18.2% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $6.2B | $4.3B | $3.4B | $4.2B | $4.6B |
| YoY | — | -31.2% | -21.6% | +25.6% | +8.5% |
| Total assets | $49.0B | $48.7B | $50.7B | $54.6B | $57.6B |
| YoY | — | -0.6% | +4.2% | +7.7% | +5.4% |
| Total current liabilities | $7.1B | $6.7B | $5.1B | $6.5B | $5.7B |
| YoY | — | -5.5% | -24.3% | +28.6% | -11.8% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Shares outstanding | 504.0M | 497.0M | 498.0M | 498.0M | 498.0M |
| YoY | — | -1.4% | +0.2% | +0.0% | +0.0% |
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 | $1.7B | $1.5B | $3.8B | $2.1B | $3.3B |
| YoY | — | -13.4% | +153.2% | -44.0% | +54.6% |
| Capital expenditures | $2.7B | $2.9B | $3.3B | $3.4B | $3.3B |
| YoY | — | +6.2% | +15.1% | +1.7% | -3.2% |
| Free cash flow | $-983.0M | $-1.4B | $481.0M | $-1.2B | $26.0M |
| YoY | — | -40.9% | +134.7% | -359.3% | +102.1% |
| 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 | -8.8% | 14.1% | 32.8% | 22.9% | 24.5% |
| Net margin | -6.7% | 10.5% | 22.8% | 17.2% | 17.3% |
| Free cash flow margin | -10.1% | -14.1% | 4.3% | -12.1% | 0.2% |
| Effective tax rate | 40.5% | -2.9% | 16.8% | 2.9% | 11.1% |
| Current ratio | 0.88x | 0.64x | 0.67x | 0.65x | 0.80x |
| 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 |
|---|---|---|---|---|---|---|
| PEG FY25 · this stock | $12.2B | +18.3% | — | 24.5% | 17.3% | 0.2% |
| 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.