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.
| FY23 | FY24 | FY25 | |
|---|---|---|---|
| Revenue | $25.3B | $26.7B | $29.6B |
| YoY | — | +5.8% | +10.6% |
| Cost of goods sold | — | — | — |
| YoY | — | — | — |
| Gross profit | — | — | — |
| YoY | — | — | — |
| Research & development | — | — | — |
| YoY | — | — | — |
| Selling, general & administrative | — | — | — |
| YoY | — | — | — |
| Operating income | $5.8B | $7.1B | $7.3B |
| YoY | — | +21.3% | +3.1% |
| Pretax income | $4.3B | $5.2B | $5.0B |
| YoY | — | +20.3% | -4.4% |
| Income tax | $496.0M | $969.0M | $828.0M |
| YoY | — | +95.4% | -14.6% |
| Net income | — | — | — |
| YoY | — | — | — |
| EPS — basic | $3.64 | $4.02 | $3.94 |
| YoY | — | +10.4% | -2.0% |
| EPS — diluted | $3.62 | $3.99 | $3.92 |
| YoY | — | +10.2% | -1.8% |
| Weighted shares — basic | 1.09B | 1.10B | 1.10B |
| Weighted shares — diluted | 1.10B | 1.10B | 1.11B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY23 | FY24 | FY25 | |
|---|---|---|---|
| Cash & equivalents | $748.0M | $1.1B | $1.6B |
| YoY | — | +43.0% | +53.2% |
| Marketable securities (current) | — | — | — |
| YoY | — | — | — |
| Accounts receivable | — | — | — |
| YoY | — | — | — |
| Inventory | — | — | — |
| YoY | — | — | — |
| Total current assets | $10.4B | $10.7B | $10.9B |
| YoY | — | +2.5% | +2.1% |
| Total assets | $139.3B | $145.2B | $155.7B |
| YoY | — | +4.2% | +7.3% |
| Total current liabilities | $13.5B | $16.0B | $16.9B |
| YoY | — | +18.8% | +5.6% |
| Total liabilities | $104.1B | $108.5B | $116.9B |
| YoY | — | +4.2% | +7.7% |
| Total equity | $31.4B | $33.2B | $36.0B |
| YoY | — | +5.6% | +8.5% |
| Shares outstanding | — | — | — |
| YoY | — | — | — |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY23 | FY24 | FY25 | |
|---|---|---|---|
| Operating cash flow | $7.6B | $9.8B | $9.8B |
| YoY | — | +29.6% | +0.1% |
| Capital expenditures | $9.1B | $9.0B | $12.7B |
| YoY | — | -1.5% | +42.2% |
| Free cash flow | $-1.5B | $833.0M | $-2.9B |
| YoY | — | +154.0% | -452.3% |
| Dividends paid | — | — | — |
| YoY | — | — | — |
| Share repurchases | — | — | — |
| YoY | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY23 | FY24 | FY25 | |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | 23.1% | 26.4% | 24.7% |
| Net margin | — | — | — |
| Free cash flow margin | -6.1% | 3.1% | -9.9% |
| Effective tax rate | 11.4% | 18.5% | 16.6% |
| Current ratio | 0.77x | 0.67x | 0.65x |
| Total liabilities / equity | 3.31x | 3.27x | 3.24x |
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 |
|---|---|---|---|---|---|---|
| SO FY25 · this stock | $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% | — |
| 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.