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 5.9× 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.
- Revenue over the last four quarters was $13.48B, up 9.5% from a year earlier.
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 5, 2026.
Growth22Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 39%
- EPS growth (TTM, YoY)Bottom 33%
- Revenue growth, 3-year CAGRBottom 12%
- Revenue growth accelerationBottom 43%
Quality40Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 18%
- Gross marginBottom 32%
- Operating marginTop 48%
- Cash conversion (OCF / net income)Top 7%
- Accruals (lower is better)Top 17%
- Net debt / EBITDA (lower is better)Bottom 26%
- Interest coverBottom 33%
Value9Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 17%
- Free-cash-flow yieldBottom 42%
- EBITDA / enterprise valueBottom 19%
- Sales / enterprise valueBottom 19%
- P/E vs own 5-year history (lower is better)Bottom 10%
Momentum72Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 7%
- 6-month returnBottom 41%
- 1-year return vs S&P 500Top 11%
- Distance from 52-week highTop 28%
- Trend checklist (0–4)Bottom 32%
Revisions66Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 29%
- Consecutive EPS beatsTop 35%
- Share of analysts rating BuyTop 28%
- Upside to consensus price targetTop 36%
Stability39Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 44%
- Maximum drawdown, 3 yearsTop 16%
- Beta vs S&P 500 (lower is better)Bottom 36%
- Net debt / EBITDA (lower is better)Bottom 26%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 11.4% | 9.5% | ↓ |
| EPS growth (YoY) | 27.3% | -3.0% | ↓ |
| Gross margin | 49.1% | 38.9% | ↓ |
| Operating margin | 27.1% | 22.2% | ↓ |
| FCF margin | -20.5% | -23.3% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 9.5% | 11.4% | ↓ | Top 39% |
| EPS growth (TTM, YoY) | -3.0% | 27.3% | ↓ | Bottom 33% |
| Gross margin | 38.9% | 49.1% | ↓ | Bottom 32% |
| Operating margin | 22.2% | 27.1% | ↓ | Top 48% |
| Net margin | 13.5% | 14.3% | ↓ | — |
| Free-cash-flow margin | -23.3% | -20.5% | ↓ | — |
| Return on invested capital | 3.2% | — | Bottom 18% | |
| Revenue growth, 3-year CAGR | -2.0% | — | Bottom 12% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -7.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.89×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.43%
- Net buyback yield (TTM)
- -2.91%
- Shareholder yield
- -0.49%
- Share count change, 1 year
- +4.6%
- Share count change, 3-year CAGR
- +3.2%
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 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +2.3%
- Average 2-day reaction, last 8
- +2.5%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $123.91
- Target vs current price
- +22.8%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 59%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +2.0% | -4.0% | -3.1% | -5.4% | — |
| Apr 29, 2026 | +2.4% | +1.3% | +3.7% | -1.5% | +2.5% |
| Feb 12, 2026 | -2.3% | +1.8% | +3.1% | +4.3% | +11.4% |
| Oct 29, 2025 | +7.0% | +0.5% | +1.3% | +0.3% | -0.1% |
| Jul 30, 2025 | +15.4% | +1.2% | +2.4% | +1.5% | +8.8% |
| Apr 29, 2025 | +19.0% | -1.8% | -0.8% | -2.7% | +3.6% |
| Feb 18, 2025 | +3.9% | +6.0% | +3.4% | +3.6% | -1.9% |
| Oct 31, 2024 | +1.4% | +15.2% | +8.7% | +16.4% | +17.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $1.03 | $1.01 | +2.0% | $3.52B |
| Apr 29, 2026 | $0.86 | $0.84 | +2.4% | $3.19B |
| Feb 12, 2026 | $0.51 | $0.52 | -2.3% | $2.96B |
| Oct 29, 2025 | $1.53 | $1.43 | +7.0% | $3.81B |
| Jul 30, 2025 | $1.05 | $0.91 | +15.4% | $3.33B |
| Apr 29, 2025 | $0.82 | $0.69 | +19.0% | $2.85B |
| Feb 18, 2025 | $0.66 | $0.64 | +3.9% | $2.74B |
| Oct 31, 2024 | $1.50 | $1.48 | +1.4% | $3.39B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.9× | 19.5× | 76th | Bottom 17% |
| P/E (forward) | 22.9× | — | — | — |
| EV / EBITDA | 13.9× | — | — | Bottom 19% |
| EV / Sales | 6.05× | — | — | Bottom 19% |
| Free-cash-flow yield | -6.68% | — | — | Bottom 42% |
| Earnings yield | 3.86% | — | — | Bottom 17% |
P/E over the past five years
Range 9.2× – 35.8× 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
- +8.0%
- Earnings per share growth (TTM)
- -3.0%
- Change in P/E multiple
- +23.7%
Most of the move came from a change in the valuation multiple.
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)
- -4.4%
- 200-day average slope (20 days)
- +0.8%
- Distance from 50-day average
- -4.4%
- Distance from 200-day average
- -5.0%
- RSI (14)
- 42.3
- Relative volume
- 0.83×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 18.1%
- Volatility vs own 5-year history
- 20th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.23
- Correlation with S&P 500
- 0.17
- Current drawdown from 1-year high
- -14.4%
- Maximum drawdown, 3 years
- -16.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Oct 2, 2023 | -29.4% | 364 days | 239 days (Sep 13, 2024) |
| Nov 16, 2020 | Feb 26, 2021 | -23.0% | 69 days | 122 days (Aug 20, 2021) |
| Apr 30, 2026 | Sep 28, 2026 | -16.8% | 103 days | Not yet recovered |
| Sep 8, 2021 | Sep 28, 2021 | -13.6% | 14 days | 124 days (Mar 25, 2022) |
| Mar 3, 2025 | Apr 8, 2025 | -10.1% | 26 days | 71 days (Jul 22, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $47.09B
- P/E (TTM)
- 25.9
- EPS, diluted (TTM)
- $3.90
- Revenue (TTM)
- $13.48B
- Dividend yield
- 2.54%
- 52-week range
- $90.87 – $118.45
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $11.74B | $13.76B | $12.15B | $11.88B | $12.95B |
| Gross profit | $4.87B | $5.28B | $5.33B | $5.74B | $3.87B |
| Operating income | $1.85B | $2.05B | $2.62B | $2.65B | $3.05B |
| Net income | $1.12B | $1.10B | $2.36B | $1.06B | $1.77B |
| EPS (diluted) | $2.77 | $2.69 | $5.55 | $2.45 | $3.91 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.39B | $2.74B | $2.85B | $3.33B | $3.81B | $2.96B | $3.19B | $3.52B |
| Net income | $645.8M | $286.4M | $360.8M | $472.0M | $698.4M | $240.5M | $390.8M | $487.8M |
| EPS (diluted) | $1.50 | $0.65 | $0.82 | $1.05 | $1.53 | $0.51 | $0.83 | $1.03 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.30B | $2.59B | $4.29B | $4.49B | $5.15B |
| Capital expenditure | -$6.42B | -$5.29B | -$4.71B | -$5.97B | -$7.94B |
| Free cash flow | -$4.12B | -$2.70B | -$417.3M | -$1.48B | -$2.79B |
| Dividends paid | -$775.1M | -$841.7M | -$918.2M | -$981.7M | -$1.07B |
| Net share buybacks | $206.8M | $884.6M | $140.5M | $136.8M | $1.17B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.85B
- Total assets
- $79.00B
- Total liabilities
- $60.46B
- Total debt
- $34.63B
- Net debt
- $34.51B
- Shareholders’ equity
- $18.45B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 13, 2026 | $0.64 | Sep 1, 2026 |
| May 1, 2026 | $0.64 | Jun 1, 2026 |
| Feb 9, 2026 | $0.64 | Mar 2, 2026 |
| Nov 13, 2025 | $0.64 | Dec 1, 2025 |
| Aug 13, 2025 | $0.60 | Sep 2, 2025 |
| May 2, 2025 | $0.60 | Jun 2, 2025 |
| Feb 10, 2025 | $0.60 | Mar 3, 2025 |
| Nov 13, 2024 | $1.20 | Dec 2, 2024 |
Short interest
- Shares sold short
- 16,891,184
- Days to cover
- 5.64
- Change vs previous report
- -17.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Dec 13, 2024
- 2-for-1