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 | $12.9B | $14.4B | $16.7B | $13.2B | $13.7B |
| YoY | — | +12.3% | +15.8% | -21.1% | +3.9% |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $833.0M | $2.0B | $3.3B | $2.7B | $1.8B |
| YoY | — | +141.2% | +62.3% | -16.8% | -34.1% |
| Income tax | $99.0M | $556.0M | $490.0M | $219.0M | $701.0M |
| YoY | — | +461.6% | -11.9% | -55.3% | +220.1% |
| Net income | $1.3B | $2.1B | $3.1B | $2.9B | $1.8B |
| YoY | — | +62.3% | +43.8% | -6.9% | -35.8% |
| EPS — basic | $2.01 | $3.32 | $4.81 | $4.44 | $2.75 |
| YoY | — | +65.2% | +44.9% | -7.7% | -38.1% |
| EPS — diluted | $2.01 | $3.31 | $4.79 | $4.42 | $2.75 |
| YoY | — | +64.7% | +44.7% | -7.7% | -37.8% |
| Weighted shares — basic | 623.5M | 630.3M | 630.3M | 633.8M | 652.7M |
| Weighted shares — diluted | 626.1M | 632.8M | 632.7M | 637.9M | 653.8M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $559.0M | $370.0M | $236.0M | $1.6B | $29.0M |
| YoY | — | -33.8% | -36.2% | +563.1% | -98.1% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $2.1B | $2.6B | $2.2B | $2.0B | $1.8B |
| YoY | — | +27.2% | -18.4% | -7.8% | -10.9% |
| Inventory | $389.0M | $403.0M | $482.0M | $559.0M | $561.0M |
| YoY | — | +3.6% | +19.6% | +16.0% | +0.4% |
| Total current assets | $4.4B | $5.9B | $5.5B | $5.3B | $34.8B |
| YoY | — | +35.1% | -7.5% | -3.4% | +559.2% |
| Total assets | $72.0B | $78.6B | $87.2B | $96.2B | $110.9B |
| YoY | — | +9.1% | +11.0% | +10.3% | +15.3% |
| Total current liabilities | $10.0B | $9.9B | $10.1B | $9.7B | $21.9B |
| YoY | — | -1.4% | +1.9% | -4.1% | +126.3% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $26.0B | $27.1B | $28.7B | $31.2B | $31.6B |
| YoY | — | +4.4% | +5.8% | +8.9% | +1.2% |
| Shares outstanding | 633.8M | 628.7M | 631.4M | 650.6M | 652.7M |
| YoY | — | -0.8% | +0.4% | +3.0% | +0.3% |
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 | $3.8B | $1.1B | $6.2B | $4.9B | $4.6B |
| YoY | — | -70.3% | +444.5% | -21.1% | -7.0% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $339.0M | $478.0M | $32.0M | $43.0M | $58.0M |
| YoY | — | +41.0% | -93.3% | +34.4% | +34.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 10.3% | 14.8% | 18.4% | 21.7% | 13.4% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 11.9% | 27.7% | 15.0% | 8.1% | 39.2% |
| Current ratio | 0.44x | 0.60x | 0.54x | 0.55x | 1.59x |
| 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.