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.
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 | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $2.2B | $2.4B | $2.5B | $2.4B | $2.6B |
| YoY | — | +10.2% | +2.2% | -3.8% | +8.3% |
| Pretax income | $1.5B | $1.6B | $1.6B | $1.5B | $1.8B |
| YoY | — | +4.8% | +1.5% | -5.6% | +15.6% |
| Income tax | $-70.0M | $-135.0M | $-146.0M | $-402.0M | $-245.0M |
| YoY | — | -92.9% | -8.1% | -175.3% | +39.1% |
| Net income | $1.6B | $1.7B | $1.8B | $1.9B | $2.0B |
| YoY | — | +8.7% | +2.0% | +9.3% | +4.2% |
| EPS — basic | $2.96 | $3.18 | $3.21 | $3.44 | $3.44 |
| YoY | — | +7.4% | +0.9% | +7.2% | +0.0% |
| EPS — diluted | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 |
| YoY | — | +7.1% | +1.3% | +7.2% | -0.6% |
| Weighted shares — basic | 539.0M | 547.0M | 552.0M | 563.0M | 587.0M |
| Weighted shares — diluted | 540.0M | 547.0M | 552.0M | 563.0M | 589.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $166.0M | $111.0M | $129.0M | $179.0M | $274.0M |
| YoY | — | -33.1% | +16.2% | +38.8% | +53.1% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.0B | $1.4B | $1.3B | $1.2B | $1.3B |
| YoY | — | +34.9% | -4.2% | -5.0% | +6.5% |
| Inventory | $631.0M | $803.0M | $711.0M | $666.0M | $761.0M |
| YoY | — | +27.3% | -11.5% | -6.3% | +14.3% |
| Total current assets | $4.2B | $5.1B | $4.1B | $4.3B | $5.0B |
| YoY | — | +21.3% | -20.9% | +6.3% | +15.9% |
| Total assets | $57.9B | $61.2B | $64.1B | $70.0B | $81.4B |
| YoY | — | +5.8% | +4.7% | +9.3% | +16.2% |
| Total current liabilities | $5.0B | $6.1B | $5.7B | $6.5B | $7.1B |
| YoY | — | +20.5% | -7.0% | +14.3% | +9.8% |
| Total liabilities | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total equity | $15.6B | $16.7B | $17.6B | $19.5B | $23.6B |
| YoY | — | +6.8% | +5.6% | +10.8% | +20.9% |
| Shares outstanding | 544.0M | 549.6M | 554.9M | 574.4M | 623.6M |
| YoY | — | +1.0% | +1.0% | +3.5% | +8.6% |
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 | $2.2B | $3.9B | $5.3B | $4.6B | $4.1B |
| YoY | — | +79.6% | +35.5% | -12.9% | -12.0% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $935.0M | $1.0B | $1.1B | $1.2B | $1.3B |
| YoY | — | +8.2% | +7.9% | +7.6% | +9.1% |
| Share repurchases | — | — | — | — | — |
| YoY | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | -4.6% | -8.4% | -9.0% | -26.2% | -13.8% |
| Current ratio | 0.84x | 0.85x | 0.72x | 0.67x | 0.71x |
| 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 |
|---|---|---|---|---|---|---|
| XEL FY25 · this stock | — | — | — | — | — | — |
| 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.