Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 6.2× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $1.70, up 18.9% year over year.
PromtFinance scores
Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 49%
- EPS growth (TTM, YoY)Top 19%
- Revenue growth, 3-year CAGRBottom 29%
- Revenue growth accelerationTop 21%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 43%
- Gross marginTop 31%
- Operating marginTop 40%
- Cash conversion (OCF / net income)Top 37%
- Accruals (lower is better)Bottom 46%
- Net debt / EBITDA (lower is better)Bottom 13%
- Interest coverBottom 41%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 27%
- Free-cash-flow yieldBottom 24%
- EBITDA / enterprise valueBottom 45%
- Sales / enterprise valueBottom 37%
- P/E vs own 5-year history (lower is better)Bottom 19%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 30%
- 6-month returnBottom 32%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highTop 46%
- Trend checklist (0–4)Bottom 33%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 46%
- Consecutive EPS beatsTop 35%
- Share of analysts rating BuyBottom 41%
- Upside to consensus price targetTop 50%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 40%
- Maximum drawdown, 3 yearsTop 25%
- Beta vs S&P 500 (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Bottom 13%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.2% | 7.1% | ↑ |
| EPS growth (YoY) | 9.4% | 18.9% | ↑ |
| Gross margin | 35.8% | 54.1% | ↑ |
| Operating margin | 22.0% | 23.2% | ↑ |
| FCF margin | -33.7% | -28.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 7.1% | 5.2% | ↑ | Top 49% |
| EPS growth (TTM, YoY) | 18.9% | 9.4% | ↑ | Top 19% |
| Gross margin | 54.1% | 35.8% | ↑ | Top 31% |
| Operating margin | 23.2% | 22.0% | ↑ | Top 40% |
| Net margin | 11.6% | 10.4% | ↑ | — |
| Free-cash-flow margin | -28.0% | -33.7% | ↑ | — |
| Return on invested capital | 4.1% | — | Top 43% | |
| Revenue growth, 3-year CAGR | 0.1% | — | Bottom 29% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.31×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -1.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.23×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.37%
- Net buyback yield (TTM)
- -0.66%
- Shareholder yield
- 1.70%
- Share count change, 1 year
- +1.8%
- Share count change, 3-year CAGR
- +1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +5.0%
- Average 2-day reaction, last 8
- +0.9%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $45.40
- Target vs current price
- +20.3%
- Analysts with a rating
- 31
- Share rating Buy or Strong Buy
- 42%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +7.2% | +0.2% | -4.7% | -11.2% | — |
| Apr 23, 2026 | +2.0% | +2.5% | +1.7% | +0.3% | +2.1% |
| Feb 19, 2026 | +0.0% | +1.7% | +3.0% | +3.1% | +1.5% |
| Oct 23, 2025 | +10.9% | -1.1% | -2.7% | -1.1% | -1.9% |
| Jul 24, 2025 | -24.5% | +1.9% | +3.6% | +3.7% | +6.9% |
| Apr 24, 2025 | -3.6% | +1.5% | +3.9% | -0.3% | +0.2% |
| Feb 20, 2025 | +0.0% | -1.1% | -0.1% | +5.2% | +9.2% |
| Oct 28, 2024 | -3.1% | +1.5% | -2.5% | +8.9% | +10.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $0.40 | $0.37 | +7.2% | $2.15B |
| Apr 23, 2026 | $0.56 | $0.55 | +2.0% | $2.98B |
| Feb 19, 2026 | $0.45 | $0.45 | +0.0% | $2.49B |
| Oct 23, 2025 | $0.50 | $0.45 | +10.9% | $1.96B |
| Jul 24, 2025 | $0.29 | $0.38 | -24.5% | $1.94B |
| Apr 24, 2025 | $0.53 | $0.55 | -3.6% | $2.92B |
| Feb 20, 2025 | $0.40 | $0.40 | +0.0% | $2.26B |
| Oct 28, 2024 | $0.31 | $0.32 | -3.1% | $1.86B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 22.2× | 20.5× | 62th | Bottom 27% |
| P/E (forward) | 19.8× | — | — | — |
| EV / EBITDA | 12.4× | — | — | Bottom 45% |
| EV / Sales | 5.19× | — | — | Bottom 37% |
| Free-cash-flow yield | -10.83% | — | — | Bottom 24% |
| Earnings yield | 4.50% | — | — | Bottom 27% |
P/E over the past five years
Range 11.6× – 26.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -1.4%
- Earnings per share growth (TTM)
- +18.9%
- Change in P/E multiple
- -2.0%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -5.6%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -4.5%
- Distance from 200-day average
- -8.8%
- RSI (14)
- 43.5
- Relative volume
- 1.10×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 18.4%
- Volatility vs own 5-year history
- 39th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.05
- Correlation with S&P 500
- 0.04
- Current drawdown from 1-year high
- -16.2%
- Maximum drawdown, 3 years
- -18.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 12, 2022 | Oct 12, 2022 | -22.8% | 22 days | 586 days (Feb 13, 2025) |
| Nov 17, 2020 | Feb 26, 2021 | -22.8% | 68 days | 64 days (May 28, 2021) |
| Jun 26, 2026 | Sep 28, 2026 | -18.7% | 64 days | Not yet recovered |
| Apr 20, 2022 | Jun 17, 2022 | -16.3% | 41 days | 40 days (Aug 16, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $24.89B
- P/E (TTM)
- 22.2
- EPS, diluted (TTM)
- $1.70
- Revenue (TTM)
- $9.62B
- Dividend yield
- 3.07%
- 52-week range
- $36.37 – $45.26
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $8.35B | $9.32B | $8.70B | $8.64B | $9.36B |
| Gross profit | $3.21B | $3.40B | $3.69B | $3.98B | $2.69B |
| Operating income | $1.36B | $1.57B | $1.76B | $1.99B | $2.11B |
| Net income | $1.49B | $1.06B | $917.0M | $1.02B | $1.05B |
| EPS (diluted) | $2.28 | $1.59 | $1.37 | $1.58 | $1.60 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $2.26B | $2.92B | $1.94B | $1.99B | $2.50B | $2.98B | $2.15B |
| Net income | $193.0M | $248.0M | $297.0M | $198.0M | $293.0M | $264.0M | $316.0M | $244.0M |
| EPS (diluted) | $0.30 | $0.38 | $0.45 | $0.30 | $0.45 | $0.40 | $0.48 | $0.37 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $22.0M | $1.81B | $3.88B | $2.14B | $2.49B |
| Capital expenditure | -$3.16B | -$4.42B | -$4.40B | -$4.51B | -$4.87B |
| Free cash flow | -$3.14B | -$2.61B | -$524.0M | -$2.37B | -$2.38B |
| Dividends paid | -$385.0M | -$440.0M | -$485.0M | -$522.0M | -$574.0M |
| Net share buybacks | $0 | $0 | $0 | $494.0M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $475.0M
- Total assets
- $48.25B
- Total liabilities
- $36.53B
- Total debt
- $25.09B
- Net debt
- $25.02B
- Shareholders’ equity
- $11.72B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Nov 19, 2026 | $0.24 | Dec 10, 2026 |
| Aug 20, 2026 | $0.24 | Sep 10, 2026 |
| May 21, 2026 | $0.23 | Jun 11, 2026 |
| Feb 19, 2026 | $0.23 | Mar 12, 2026 |
| Nov 20, 2025 | $0.22 | Dec 11, 2025 |
| Aug 21, 2025 | $0.22 | Sep 11, 2025 |
| May 15, 2025 | $0.22 | Jun 12, 2025 |
| Feb 20, 2025 | $0.22 | Mar 13, 2025 |
Short interest
- Shares sold short
- 46,673,652
- Days to cover
- 7.72
- Change vs previous report
- +5.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 1, 2002
- 1,000-for-843
- Dec 11, 1995
- 2-for-1
- Jun 15, 1981
- 3-for-2
- May 20, 1963
- 3-for-1