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 9.0× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 6.1× 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.
Growth80Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 30%
- EPS growth (TTM, YoY)Top 14%
- Revenue growth, 3-year CAGRTop 33%
- Revenue growth accelerationTop 37%
Quality38Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 39%
- Gross marginTop 29%
- Operating marginBottom 41%
- Cash conversion (OCF / net income)Top 23%
- Accruals (lower is better)Top 45%
- Net debt / EBITDA (lower is better)Bottom 25%
- Interest coverBottom 22%
Value74Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 22%
- Free-cash-flow yieldBottom 20%
- EBITDA / enterprise valueTop 23%
- Sales / enterprise valueTop 41%
- P/E vs own 5-year history (lower is better)Top 13%
Momentum6Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 14%
- 6-month returnBottom 7%
- 1-year return vs S&P 500Bottom 9%
- Distance from 52-week highBottom 14%
- Trend checklist (0–4)Bottom 32%
Revisions80Strong
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 24%
- Consecutive EPS beatsTop 35%
- Share of analysts rating BuyBottom 36%
- Upside to consensus price targetTop 16%
Stability12Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 9%
- Maximum drawdown, 3 yearsBottom 19%
- Beta vs S&P 500 (lower is better)Bottom 38%
- Net debt / EBITDA (lower is better)Bottom 25%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.3% | 5.7% | ↑ |
| EPS growth (YoY) | 17.4% | 25.7% | ↑ |
| Gross margin | 23.6% | 56.2% | ↑ |
| Operating margin | 18.6% | 20.0% | ↑ |
| FCF margin | -8.9% | -16.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 5.7% | 5.3% | ↑ | Bottom 30% |
| EPS growth (TTM, YoY) | 25.7% | 17.4% | ↑ | Top 14% |
| Gross margin | 56.2% | 23.6% | ↑ | Top 29% |
| Operating margin | 20.0% | 18.6% | ↑ | Bottom 41% |
| Net margin | 12.3% | 10.0% | ↑ | — |
| Free-cash-flow margin | -16.5% | -8.9% | ↓ | — |
| Return on invested capital | 3.8% | — | Bottom 39% | |
| Revenue growth, 3-year CAGR | 4.8% | — | Top 33% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.57×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.4%
- 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.
- -22.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.05×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.00%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 1.00%
- Share count change, 1 year
- +3.7%
- Share count change, 3-year CAGR
- +2.2%
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 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +9.1%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $18.33
- Target vs current price
- +48.8%
- Analysts with a rating
- 30
- Share rating Buy or Strong Buy
- 40%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +11.6% | -3.1% | -2.2% | -2.5% | — |
| Apr 23, 2026 | +8.0% | -0.3% | -3.0% | -3.4% | +3.3% |
| Feb 12, 2026 | -1.1% | +2.7% | +5.8% | +5.7% | -6.0% |
| Oct 23, 2025 | +17.9% | -1.7% | -4.9% | -5.2% | -8.0% |
| Jul 31, 2025 | -1.9% | +0.0% | +7.9% | +7.6% | +16.3% |
| Apr 24, 2025 | -3.3% | -0.9% | -5.8% | -0.8% | -23.7% |
| Feb 13, 2025 | -0.1% | -1.1% | -2.1% | +2.3% | +6.9% |
| Nov 7, 2024 | +10.9% | +0.5% | +5.1% | +0.7% | -22.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.40 | $0.36 | +11.6% | $5.90B |
| Apr 23, 2026 | $0.43 | $0.40 | +8.0% | $6.88B |
| Feb 12, 2026 | $0.36 | $0.36 | -1.1% | $6.80B |
| Oct 23, 2025 | $0.50 | $0.42 | +17.9% | $6.25B |
| Jul 31, 2025 | $0.31 | $0.32 | -1.9% | $5.90B |
| Apr 24, 2025 | $0.33 | $0.34 | -3.3% | $5.98B |
| Feb 13, 2025 | $0.31 | $0.31 | -0.1% | $6.63B |
| Nov 7, 2024 | $0.37 | $0.33 | +10.9% | $5.94B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 9.0× | 15.9× | 0th | Top 22% |
| P/E (forward) | 7.4× | — | — | — |
| EV / EBITDA | 9.2× | — | — | Top 23% |
| EV / Sales | 3.74× | — | — | Top 41% |
| Free-cash-flow yield | -12.91% | — | — | Bottom 20% |
| Earnings yield | 11.12% | — | — | Top 22% |
P/E over the past five years
Range 12.8× – 143.7× 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
- -21.3%
- Earnings per share growth (TTM)
- +25.7%
- Change in P/E multiple
- -0.5%
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)
- -9.8%
- 200-day average slope (20 days)
- -1.5%
- Distance from 50-day average
- -20.4%
- Distance from 200-day average
- -25.5%
- RSI (14)
- 32.6
- Relative volume
- 0.97×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 58.8%
- Volatility vs own 5-year history
- 99th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.23
- Correlation with S&P 500
- 0.12
- Current drawdown from 1-year high
- -35.5%
- Maximum drawdown, 3 years
- -44.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 29, 2024 | Sep 28, 2026 | -44.8% | 456 days | Not yet recovered |
| Nov 24, 2020 | Aug 5, 2021 | -35.3% | 174 days | 113 days (Jan 14, 2022) |
| May 4, 2022 | Jun 17, 2022 | -24.9% | 31 days | 58 days (Sep 12, 2022) |
| Jan 14, 2022 | Mar 7, 2022 | -19.2% | 34 days | 41 days (May 4, 2022) |
| Jul 12, 2023 | Oct 4, 2023 | -16.5% | 59 days | 154 days (May 15, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $33.02B
- P/E (TTM)
- 9.0
- EPS, diluted (TTM)
- $1.37
- Revenue (TTM)
- $25.84B
- Dividend yield
- 1.62%
- 52-week range
- $11.77 – $19.16
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $20.64B | $21.68B | $24.43B | $24.42B | $24.93B |
| Gross profit | $2.14B | $2.68B | $4.00B | $9.16B | $4.88B |
| Operating income | $2.14B | $2.68B | $4.00B | $4.46B | $4.88B |
| Net income | -$88.0M | $1.81B | $2.26B | $2.51B | $2.70B |
| EPS (diluted) | -$0.05 | $0.84 | $1.05 | $1.15 | $1.18 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.94B | $6.63B | $5.98B | $5.90B | $6.25B | $6.80B | $6.88B | $5.90B |
| Net income | $579.0M | $674.0M | $634.0M | $549.0M | $850.0M | $670.0M | $885.0M | $761.0M |
| EPS (diluted) | $0.27 | $0.30 | $0.28 | $0.24 | $0.36 | $0.29 | $0.39 | $0.33 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.26B | $3.72B | $4.75B | $8.04B | $8.72B |
| Capital expenditure | -$7.69B | -$9.58B | -$9.71B | -$10.37B | -$11.79B |
| Free cash flow | -$5.43B | -$5.86B | -$4.97B | -$2.33B | -$3.07B |
| Dividends paid | $0 | $0 | $0 | -$86.0M | -$220.0M |
| Net share buybacks | $0 | $0 | $0 | $2.71B | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $972.0M
- Total assets
- $145.08B
- Total liabilities
- $110.92B
- Total debt
- $64.70B
- Net debt
- $63.73B
- Shareholders’ equity
- $33.90B
As of Jun 30, 2026 (filed Jul 23, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.05 | Oct 15, 2026 |
| Jun 30, 2026 | $0.05 | Jul 15, 2026 |
| Mar 31, 2026 | $0.05 | Apr 15, 2026 |
| Dec 31, 2025 | $0.05 | Jan 15, 2026 |
| Sep 30, 2025 | $0.03 | Oct 15, 2025 |
| Jun 30, 2025 | $0.03 | Jul 15, 2025 |
| Mar 31, 2025 | $0.03 | Apr 15, 2025 |
| Dec 31, 2024 | $0.03 | Jan 15, 2025 |
Short interest
- Shares sold short
- 39,045,167
- Days to cover
- 1.00
- Change vs previous report
- +1.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 18, 1983
- 2-for-1