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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5B | $7.3B | $6.3B | $7.8B | $7.0B | $7.8B | $7.0B | $8.4B |
| YoY | — | — | — | — | +7.9% | +7.5% | +10.1% | +8.0% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $1.9B | $2.4B | $1.1B | $2.0B | $1.8B | $2.6B | $917.0M | $2.0B |
| YoY | — | — | — | — | -9.0% | +9.5% | -13.3% | +0.4% |
| Pretax income | $1.5B | $1.9B | $545.0M | $1.6B | $1.1B | $2.1B | $196.0M | $1.6B |
| YoY | — | — | — | — | -22.7% | +10.4% | -64.0% | +1.0% |
| Income tax | $290.0M | $377.0M | $79.0M | $280.0M | $289.0M | $404.0M | $-145.0M | $228.0M |
| YoY | — | — | — | — | -0.3% | +7.2% | -283.5% | -18.6% |
| Net income | $1.2B | $1.5B | — | $1.3B | $880.0M | $1.7B | — | $1.4B |
| YoY | — | — | — | — | -26.8% | +11.5% | — | +1.6% |
| EPS — basic | $1.10 | $1.40 | — | $1.21 | $0.80 | $1.55 | — | $1.21 |
| YoY | — | — | — | — | -27.3% | +10.7% | — | +0.0% |
| EPS — diluted | $1.09 | $1.39 | — | $1.21 | $0.79 | $1.54 | — | $1.20 |
| YoY | — | — | — | — | -27.5% | +10.8% | — | -0.8% |
| Weighted shares — basic | 1.10B | 1.10B | — | 1.10B | 1.10B | 1.10B | — | 1.12B |
| Weighted shares — diluted | 1.10B | 1.10B | — | 1.10B | 1.11B | 1.11B | — | 1.13B |
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 | $1.2B | $1.0B | $1.1B | $2.3B | $1.3B | $3.3B | $1.6B | $981.0M |
| YoY | — | — | — | — | +9.7% | +228.2% | +53.2% | -57.8% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $11.0B | $11.0B | $10.7B | $11.8B | $10.8B | $12.6B | $10.9B | $10.0B |
| YoY | — | — | — | — | -1.7% | +14.4% | +2.1% | -15.7% |
| Total assets | $141.9B | $144.0B | $145.2B | $148.1B | $148.9B | $153.2B | $155.7B | $157.0B |
| YoY | — | — | — | — | +4.9% | +6.5% | +7.3% | +6.0% |
| Total current liabilities | $12.0B | $12.2B | $16.0B | $13.8B | $14.6B | $16.7B | $16.9B | $15.3B |
| YoY | — | — | — | — | +21.1% | +37.5% | +5.6% | +11.2% |
| Total liabilities | $105.8B | $107.1B | $108.5B | $110.9B | $111.5B | $115.0B | $116.9B | $117.1B |
| YoY | — | — | — | — | +5.4% | +7.4% | +7.7% | +5.6% |
| Total equity | — | — | $33.2B | — | — | — | $36.0B | — |
| YoY | — | — | — | — | — | — | +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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.7B | $3.6B | $2.2B | $1.2B | $2.2B | $3.8B | $2.6B | $1.2B |
| YoY | — | — | — | — | -18.9% | +4.4% | +19.5% | -1.9% |
| Capital expenditures | $2.1B | $2.3B | $2.7B | $2.4B | $2.8B | $3.2B | $4.3B | $2.9B |
| YoY | — | — | — | — | +31.8% | +39.1% | +55.9% | +20.8% |
| Free cash flow | $563.0M | $1.3B | $-576.0M | $-1.2B | $-619.0M | $559.0M | $-1.7B | $-1.7B |
| YoY | — | — | — | — | -209.9% | -57.2% | -193.1% | -44.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | 30.0% | 32.6% | 16.7% | 25.9% | 25.3% | 33.2% | 13.1% | 24.0% |
| Net margin | 18.6% | 21.1% | — | 17.2% | 12.6% | 21.9% | — | 16.1% |
| Free cash flow margin | 8.7% | 17.9% | -9.1% | -15.3% | -8.9% | 7.1% | -24.2% | -20.5% |
| Effective tax rate | 19.6% | 19.7% | 14.5% | 18.1% | 25.3% | 19.1% | -74.0% | 14.6% |
| Current ratio | 0.91x | 0.91x | 0.67x | 0.86x | 0.74x | 0.75x | 0.65x | 0.65x |
| Total liabilities / equity | — | — | 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.