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
- At 14.9× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 5.6× 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.
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.
Growth81Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 41%
- EPS growth (TTM, YoY)Bottom 48%
- Revenue growth, 3-year CAGRTop 20%
- Revenue growth accelerationTop 20%
Quality37Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 40%
- Gross marginBottom 14%
- Operating marginBottom 44%
- Cash conversion (OCF / net income)Top 21%
- Accruals (lower is better)Top 34%
- Net debt / EBITDA (lower is better)Bottom 33%
- Interest coverTop 45%
Value80Strong
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 30%
- Free-cash-flow yieldTop 48%
- EBITDA / enterprise valueTop 36%
- Sales / enterprise valueTop 37%
- P/E vs own 5-year history (lower is better)Top 13%
Momentum28Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 49%
- 6-month returnBottom 18%
- 1-year return vs S&P 500Bottom 44%
- Distance from 52-week highBottom 36%
- Trend checklist (0–4)Bottom 32%
Revisions18Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 47%
- Consecutive EPS beatsBottom 14%
- Share of analysts rating BuyBottom 32%
- Upside to consensus price targetBottom 43%
Stability70Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 46%
- Maximum drawdown, 3 yearsTop 32%
- Beta vs S&P 500 (lower is better)Top 6%
- Net debt / EBITDA (lower is better)Bottom 33%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 4.6% | 6.6% | ↑ |
| EPS growth (YoY) | 1.9% | 4.2% | ↑ |
| Gross margin | 41.8% | 24.5% | ↓ |
| Operating margin | 20.0% | 20.8% | ↑ |
| FCF margin | -7.4% | -7.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.6% | 4.6% | ↑ | Bottom 41% |
| EPS growth (TTM, YoY) | 4.2% | 1.9% | ↑ | Bottom 48% |
| Gross margin | 24.5% | 41.8% | ↓ | Bottom 14% |
| Operating margin | 20.8% | 20.0% | ↑ | Bottom 44% |
| Net margin | 11.0% | 11.2% | ↓ | — |
| Free-cash-flow margin | -7.6% | -7.4% | ↓ | — |
| Return on invested capital | 3.8% | — | Bottom 40% | |
| Revenue growth, 3-year CAGR | 8.3% | — | Top 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.59×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.7%
- 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.
- +5.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.63×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.98%
- Net buyback yield (TTM)
- -0.18%
- Shareholder yield
- 3.79%
- Share count change, 1 year
- +2.5%
- Share count change, 3-year CAGR
- +1.1%
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 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +5.0%
- Average 2-day reaction, last 8
- +0.5%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $48.11
- Target vs current price
- +18.1%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 38%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | -1.3% | -3.1% | -2.7% | -5.5% | — |
| May 6, 2026 | +2.9% | -2.5% | -2.6% | -2.4% | -0.8% |
| Feb 12, 2026 | +7.9% | +7.0% | +6.5% | +11.3% | -1.2% |
| Nov 4, 2025 | +10.5% | +0.4% | -1.6% | -2.6% | -3.1% |
| Jul 31, 2025 | +6.2% | +1.5% | +1.8% | +0.3% | +7.5% |
| May 1, 2025 | +4.9% | -0.6% | -1.2% | -6.8% | -7.4% |
| Feb 12, 2025 | +8.1% | +1.3% | +0.7% | +0.6% | +6.5% |
| Oct 30, 2024 | +6.0% | +0.4% | -2.7% | -0.2% | +0.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.43 | $0.44 | -1.3% | $5.97B |
| May 6, 2026 | $0.91 | $0.88 | +2.9% | $7.24B |
| Feb 12, 2026 | $0.59 | $0.55 | +7.9% | $5.41B |
| Nov 4, 2025 | $0.86 | $0.78 | +10.5% | $6.71B |
| Jul 31, 2025 | $0.39 | $0.37 | +6.2% | $5.43B |
| May 1, 2025 | $0.92 | $0.88 | +4.9% | $6.71B |
| Feb 12, 2025 | $0.64 | $0.59 | +8.1% | $5.47B |
| Oct 30, 2024 | $0.71 | $0.67 | +6.0% | $6.15B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.9× | 17.3× | 0th | Top 30% |
| P/E (forward) | 14.3× | — | — | — |
| EV / EBITDA | 10.3× | — | — | Top 36% |
| EV / Sales | 3.67× | — | — | Top 37% |
| Free-cash-flow yield | -4.57% | — | — | Top 48% |
| Earnings yield | 6.73% | — | — | Top 30% |
P/E over the past five years
Range 15.5× – 33.7× 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
- -9.6%
- Earnings per share growth (TTM)
- +4.2%
- Change in P/E multiple
- -2.6%
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)
- -4.3%
- 200-day average slope (20 days)
- -0.7%
- Distance from 50-day average
- -7.2%
- Distance from 200-day average
- -10.8%
- RSI (14)
- 32.6
- Relative volume
- 1.13×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.7%
- Volatility vs own 5-year history
- 31th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- -0.13
- Correlation with S&P 500
- -0.10
- Current drawdown from 1-year high
- -19.0%
- Maximum drawdown, 3 years
- -20.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Feb 5, 2024 | -33.1% | 450 days | 528 days (Mar 16, 2026) |
| Mar 16, 2026 | Sep 24, 2026 | -20.1% | 133 days | Not yet recovered |
| Nov 11, 2020 | Feb 26, 2021 | -12.0% | 72 days | 24 days (Apr 1, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $41.96B
- P/E (TTM)
- 14.9
- EPS, diluted (TTM)
- $2.74
- Revenue (TTM)
- $25.33B
- Dividend yield
- 4.08%
- 52-week range
- $39.73 – $50.65
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $17.94B | $19.08B | $21.73B | $23.03B | $24.26B |
| Gross profit | $7.01B | $8.03B | $8.93B | $9.40B | $6.77B |
| Operating income | $2.68B | $3.31B | $4.02B | $4.32B | $5.14B |
| Net income | $1.71B | $2.17B | $2.33B | $2.46B | $2.77B |
| EPS (diluted) | $1.74 | $2.08 | $2.34 | $2.45 | $2.74 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.15B | $5.47B | $6.71B | $5.43B | $6.71B | $5.41B | $7.24B | $5.97B |
| Net income | $707.0M | $647.0M | $908.0M | $391.0M | $875.0M | $594.0M | $919.0M | $396.0M |
| EPS (diluted) | $0.70 | $0.64 | $0.90 | $0.39 | $0.86 | $0.59 | $0.90 | $0.39 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.01B | $4.87B | $4.70B | $5.57B | $6.25B |
| Capital expenditure | -$7.98B | -$7.15B | -$7.41B | -$7.10B | -$8.53B |
| Free cash flow | -$4.97B | -$2.28B | -$2.71B | -$1.53B | -$2.27B |
| Dividends paid | -$1.50B | -$1.33B | -$1.43B | -$776.0M | -$1.62B |
| Net share buybacks | $80.0M | $563.0M | $140.0M | $191.0M | $727.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.25B
- Total assets
- $120.50B
- Total liabilities
- $90.81B
- Total debt
- $52.28B
- Net debt
- $51.03B
- Shareholders’ equity
- $29.70B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 4, 2026 | $0.42 | Sep 15, 2026 |
| Jun 4, 2026 | $0.42 | Jun 15, 2026 |
| Mar 2, 2026 | $0.42 | Mar 13, 2026 |
| Nov 10, 2025 | $0.40 | Dec 15, 2025 |
| Aug 11, 2025 | $0.40 | Sep 15, 2025 |
| May 12, 2025 | $0.40 | Jun 13, 2025 |
| Feb 24, 2025 | $0.40 | Mar 14, 2025 |
| Nov 8, 2024 | $0.38 | Dec 13, 2024 |
Short interest
- Shares sold short
- 33,608,259
- Days to cover
- 4.02
- Change vs previous report
- +4.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 2, 2022
- 701-for-500
- May 6, 2004
- 2-for-1