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 | $2.5B | $2.6B | $3.1B | $3.7B | $2.7B | $2.8B | $3.3B | $3.4B |
| YoY | — | — | — | — | +8.7% | +7.3% | +6.9% | -6.9% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $468.0M | $332.0M | $1.1B | $792.0M | $467.0M | $293.0M | $237.0M | $996.0M |
| YoY | — | — | — | — | -0.2% | -11.7% | -77.9% | +25.8% |
| Income tax | $-130.0M | $-105.0M | $282.0M | $57.0M | $172.0M | $482.0M | $-10.0M | $65.0M |
| YoY | — | — | — | — | +232.3% | +559.0% | -103.5% | +14.0% |
| Net income | $725.0M | $649.0M | $676.0M | $917.0M | $473.0M | $95.0M | $352.0M | $1.0B |
| YoY | — | — | — | — | -34.8% | -85.4% | -47.9% | +13.1% |
| EPS — basic | $1.13 | $1.01 | — | $1.39 | $0.71 | $0.12 | — | $1.59 |
| YoY | — | — | — | — | -37.2% | -88.1% | — | +14.4% |
| EPS — diluted | $1.12 | $1.00 | — | $1.39 | $0.71 | $0.12 | — | $1.58 |
| YoY | — | — | — | — | -36.6% | -88.0% | — | +13.7% |
| Weighted shares — basic | 633.5M | 633.8M | — | 652.0M | 652.7M | 652.9M | — | 653.6M |
| Weighted shares — diluted | 636.3M | 638.1M | — | 653.0M | 653.2M | 654.0M | — | 655.5M |
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 | $228.0M | $560.0M | $1.6B | $1.7B | $155.0M | $5.0M | $29.0M | $794.0M |
| YoY | — | — | — | — | -32.0% | -99.1% | -98.1% | -54.3% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.6B | $1.7B | $2.0B | $2.1B | $1.6B | $1.4B | $1.8B | $1.6B |
| YoY | — | — | — | — | +3.9% | -17.9% | -10.9% | -23.9% |
| Inventory | $467.0M | $519.0M | $559.0M | $568.0M | $625.0M | $565.0M | $561.0M | $530.0M |
| YoY | — | — | — | — | +33.8% | +8.9% | +0.4% | -6.7% |
| Total current assets | $4.4B | $5.1B | $5.3B | $5.7B | $4.2B | $31.7B | $34.8B | $36.2B |
| YoY | — | — | — | — | -4.8% | +522.2% | +559.2% | +539.1% |
| Total assets | $90.5B | $93.7B | $96.2B | $99.0B | $99.9B | $106.9B | $110.9B | $113.5B |
| YoY | — | — | — | — | +10.4% | +14.0% | +15.3% | +14.7% |
| Total current liabilities | $9.5B | $9.8B | $9.7B | $9.9B | $8.6B | $20.0B | $21.9B | $21.4B |
| YoY | — | — | — | — | -9.8% | +103.1% | +126.3% | +115.8% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $29.5B | $29.7B | $31.2B | $31.6B | $31.7B | $31.2B | $31.6B | $32.2B |
| YoY | — | — | — | — | +7.5% | +4.9% | +1.2% | +1.9% |
| Shares outstanding | 632.9M | 633.2M | 650.6M | 651.9M | 652.2M | 652.5M | 652.7M | 653.3M |
| YoY | — | — | — | — | +3.0% | +3.0% | +0.3% | +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.
| Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $669.0M | $1.0B | $1.4B | $1.5B | $784.0M | $1.1B | $1.2B | $1.8B |
| YoY | — | — | — | — | +17.2% | +8.6% | -12.9% | +22.1% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $1.0M | $2.0M | $57.0M | $1.0M | $0 | $0 | $20.0M |
| YoY | — | — | — | — | — | -100.0% | -100.0% | -64.9% |
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 | — | — | — | — | — | — | — | — |
| Net margin | 29.2% | 25.3% | 22.0% | 24.9% | 17.5% | 3.4% | 10.7% | 30.3% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | -27.8% | -31.6% | 26.3% | 7.2% | 36.8% | 164.5% | -4.2% | 6.5% |
| Current ratio | 0.46x | 0.52x | 0.55x | 0.57x | 0.48x | 1.59x | 1.59x | 1.69x |
| 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 |
|---|---|---|---|---|---|---|
| SRE FY25 · this stock | $13.7B | +3.9% | — | — | 13.4% | — |
| 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% | — | — |
| 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.