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.
- Revenue over the last four quarters was $15.82B, up 12.6% 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.
Growth71Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 22%
- EPS growth (TTM, YoY)Bottom 12%
- Revenue growth, 3-year CAGRTop 26%
- Revenue growth accelerationTop 27%
Quality62Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 31%
- Gross marginTop 35%
- Operating marginBottom 32%
- Cash conversion (OCF / net income)Top 16%
- Accruals (lower is better)Top 40%
- Net debt / EBITDA (lower is better)Bottom 15%
- Interest coverTop 48%
Value53Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 23%
- Free-cash-flow yieldTop 12%
- EBITDA / enterprise valueTop 48%
- Sales / enterprise valueTop 30%
- P/E vs own 5-year history (lower is better)Bottom 22%
Momentum48Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 42%
- 6-month returnBottom 26%
- 1-year return vs S&P 500Top 48%
- Distance from 52-week highBottom 49%
- Trend checklist (0–4)Bottom 32%
Revisions24Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 34%
- Consecutive EPS beatsBottom 14%
- Share of analysts rating BuyBottom 46%
- Upside to consensus price targetTop 43%
Stability75Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 29%
- Maximum drawdown, 3 yearsTop 17%
- Beta vs S&P 500 (lower is better)Top 15%
- Net debt / EBITDA (lower is better)Bottom 15%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 11.3% | 12.6% | ↑ |
| EPS growth (YoY) | -2.5% | -17.1% | ↓ |
| Gross margin | 67.3% | 53.4% | ↓ |
| Operating margin | 19.5% | 18.6% | ↓ |
| FCF margin | -7.0% | 10.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 12.6% | 11.3% | ↑ | Top 22% |
| EPS growth (TTM, YoY) | -17.1% | -2.5% | ↓ | Bottom 12% |
| Gross margin | 53.4% | 67.3% | ↓ | Top 35% |
| Operating margin | 18.6% | 19.5% | ↓ | Bottom 32% |
| Net margin | 6.9% | 9.3% | ↓ | — |
| Free-cash-flow margin | 10.0% | -7.0% | ↑ | — |
| Return on invested capital | 4.4% | — | Top 31% | |
| Revenue growth, 3-year CAGR | 6.6% | — | Top 26% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.87×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -6.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.19×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.15%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 4.15%
- Share count change, 1 year
- +0.2%
- Share count change, 3-year CAGR
- +0.3%
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
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +2.4%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $52.80
- Target vs current price
- +21.8%
- Analysts with a rating
- 28
- Share rating Buy or Strong Buy
- 43%
- 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 | -0.4% | +0.7% | -1.8% | -5.6% | — |
| Apr 28, 2026 | +0.6% | +0.3% | -5.4% | -5.7% | +0.1% |
| Feb 17, 2026 | -2.6% | -1.5% | +0.7% | +3.3% | -10.8% |
| Oct 22, 2025 | +12.0% | +0.4% | -2.0% | -1.0% | +0.6% |
| Jul 30, 2025 | +6.9% | -0.0% | +4.1% | +4.3% | +13.1% |
| Apr 23, 2025 | +10.6% | -0.4% | +0.8% | +0.0% | -4.5% |
| Feb 26, 2025 | -5.5% | -1.0% | -9.7% | -12.8% | -2.8% |
| Oct 29, 2024 | -5.6% | -1.9% | -4.9% | -3.7% | -6.4% |
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 | $0.50 | $0.50 | -0.4% | $3.70B |
| Apr 28, 2026 | $0.72 | $0.72 | +0.6% | $4.20B |
| Feb 17, 2026 | $0.53 | $0.54 | -2.6% | $3.80B |
| Oct 22, 2025 | $0.83 | $0.74 | +12.0% | $4.15B |
| Jul 30, 2025 | $0.52 | $0.49 | +6.9% | $3.38B |
| Apr 23, 2025 | $0.67 | $0.61 | +10.6% | $3.77B |
| Feb 26, 2025 | $0.67 | $0.71 | -5.5% | $3.18B |
| Oct 29, 2024 | $0.85 | $0.90 | -5.6% | $3.73B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.1× | 22.6× | 57th | Bottom 23% |
| P/E (forward) | 15.9× | — | — | — |
| EV / EBITDA | 11.6× | — | — | Top 48% |
| EV / Sales | 3.41× | — | — | Top 30% |
| Free-cash-flow yield | 6.29% | — | — | Top 12% |
| Earnings yield | 4.33% | — | — | Bottom 23% |
P/E over the past five years
Range 15.9× – 57.5× 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
- -5.7%
- Earnings per share growth (TTM)
- -17.1%
- Change in P/E multiple
- +43.4%
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)
- -3.0%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -6.5%
- Distance from 200-day average
- -8.6%
- RSI (14)
- 30.9
- Relative volume
- 1.32×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 14.7%
- Volatility vs own 5-year history
- 22th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- -0.03
- Correlation with S&P 500
- -0.03
- Current drawdown from 1-year high
- -16.5%
- Maximum drawdown, 3 years
- -17.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Oct 2, 2023 | -32.7% | 364 days | 593 days (Feb 12, 2026) |
| Oct 27, 2020 | Nov 25, 2020 | -20.5% | 21 days | 56 days (Feb 18, 2021) |
| Apr 9, 2026 | Sep 28, 2026 | -17.1% | 118 days | Not yet recovered |
| Sep 2, 2021 | Sep 30, 2021 | -10.8% | 19 days | 51 days (Dec 13, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $25.08B
- P/E (TTM)
- 23.1
- EPS, diluted (TTM)
- $1.88
- Revenue (TTM)
- $15.82B
- Dividend yield
- 5.27%
- 52-week range
- $42.67 – $52.34
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $11.13B | $12.46B | $12.87B | $13.47B | $15.09B |
| Gross profit | $7.69B | $7.87B | $8.22B | $9.10B | $8.27B |
| Operating income | $1.73B | $1.91B | $2.27B | $2.38B | $2.83B |
| Net income | $1.28B | $406.0M | $1.10B | $978.0M | $1.02B |
| EPS (diluted) | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.73B | $3.18B | $3.77B | $3.38B | $4.15B | $3.80B | $4.20B | $3.68B |
| Net income | $419.0M | $261.0M | $360.0M | $268.0M | $441.0M | -$49.0M | $405.0M | $289.0M |
| EPS (diluted) | $0.73 | $0.45 | $0.62 | $0.46 | $0.76 | -$0.08 | $0.70 | $0.50 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.81B | $2.68B | $1.39B | $2.89B | $3.70B |
| Capital expenditure | -$2.44B | -$2.76B | -$3.36B | -$4.03B | -$4.71B |
| Free cash flow | $366.0M | -$73.0M | -$1.97B | -$1.14B | -$1.00B |
| Dividends paid | -$849.0M | -$891.0M | -$906.0M | -$970.0M | -$1.02B |
| Net share buybacks | $1.00B | $0 | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $63.0M
- Total assets
- $58.22B
- Total liabilities
- $43.80B
- Total debt
- $28.98B
- Net debt
- $28.92B
- Shareholders’ equity
- $12.94B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Nov 6, 2026 | $0.47 | Dec 1, 2026 |
| Aug 7, 2026 | $0.47 | Sep 1, 2026 |
| May 7, 2026 | $0.47 | Jun 1, 2026 |
| Feb 6, 2026 | $0.45 | Mar 1, 2026 |
| Nov 7, 2025 | $0.45 | Dec 1, 2025 |
| Aug 7, 2025 | $0.45 | Sep 1, 2025 |
| May 7, 2025 | $0.45 | Jun 1, 2025 |
| Feb 7, 2025 | $0.43 | Mar 1, 2025 |
Short interest
- Shares sold short
- 30,103,268
- Days to cover
- 6.74
- Change vs previous report
- +3.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Apr 4, 2003
- 1-for-3