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 5.6× 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.
- Diluted EPS over the last four quarters was $3.45, down 16.5% 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.
Growth3Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 21%
- EPS growth (TTM, YoY)Bottom 15%
- Revenue growth, 3-year CAGRBottom 8%
- Revenue growth accelerationTop 39%
Quality65Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 13%
- Gross marginBottom 37%
- Operating marginTop 22%
- Cash conversion (OCF / net income)Top 7%
- Accruals (lower is better)Top 20%
- Net debt / EBITDA (lower is better)Bottom 36%
- Interest coverTop 50%
Value10Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 24%
- Free-cash-flow yieldBottom 23%
- EBITDA / enterprise valueBottom 28%
- Sales / enterprise valueBottom 15%
- P/E vs own 5-year history (lower is better)Bottom 22%
Momentum13Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 35%
- 6-month returnBottom 13%
- 1-year return vs S&P 500Bottom 35%
- Distance from 52-week highBottom 26%
- Trend checklist (0–4)Bottom 33%
Revisions89Strong
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 21%
- Consecutive EPS beatsBottom 39%
- Share of analysts rating BuyTop 7%
- Upside to consensus price targetTop 30%
Stability16Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 25%
- Maximum drawdown, 3 yearsBottom 30%
- Beta vs S&P 500 (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Bottom 36%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.1% | 2.8% | ↓ |
| EPS growth (YoY) | -35.1% | -16.5% | ↑ |
| Gross margin | 28.0% | 41.7% | ↑ |
| Operating margin | 22.6% | 26.9% | ↑ |
| FCF margin | -33.0% | -43.3% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 2.8% | 3.1% | ↓ | Bottom 21% |
| EPS growth (TTM, YoY) | -16.5% | -35.1% | ↑ | Bottom 15% |
| Gross margin | 41.7% | 28.0% | ↑ | Bottom 37% |
| Operating margin | 26.9% | 22.6% | ↑ | Top 22% |
| Net margin | 16.8% | 20.5% | ↓ | — |
| Free-cash-flow margin | -43.3% | -33.0% | ↓ | — |
| Return on invested capital | 3.0% | — | Bottom 13% | |
| Revenue growth, 3-year CAGR | -4.1% | — | Bottom 8% |
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.
- -4.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -15.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.60×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.00%
- Net buyback yield (TTM)
- 1.74%
- Shareholder yield
- 5.74%
- Share count change, 1 year
- +0.4%
- Share count change, 3-year CAGR
- +1.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +10.0%
- Average 2-day reaction, last 8
- -1.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $98.88
- Target vs current price
- +26.5%
- Analysts with a rating
- 26
- Share rating Buy or Strong Buy
- 81%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +14.9% | -0.4% | +1.5% | -1.0% | — |
| May 7, 2026 | +0.0% | -2.2% | -2.1% | -3.6% | -6.3% |
| Feb 26, 2026 | +3.2% | +0.7% | +0.9% | +0.9% | -3.1% |
| Nov 5, 2025 | +21.8% | -0.1% | +1.1% | -1.9% | -6.8% |
| Aug 7, 2025 | +5.2% | +1.8% | +1.3% | +1.2% | +13.9% |
| May 8, 2025 | +9.1% | -0.1% | -1.3% | +0.1% | +9.4% |
| Feb 25, 2025 | +2.0% | -19.0% | -18.1% | -19.4% | -10.3% |
| Nov 6, 2024 | -15.2% | +7.3% | +12.1% | +11.2% | -1.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $1.16 | $1.01 | +14.9% | $3.00B |
| May 7, 2026 | $1.51 | $1.51 | +0.0% | $3.65B |
| Feb 26, 2026 | $1.28 | $1.24 | +3.2% | $3.75B |
| Nov 5, 2025 | $1.11 | $0.91 | +21.8% | $3.18B |
| Aug 7, 2025 | $0.89 | $0.85 | +5.2% | $3.00B |
| May 8, 2025 | $1.44 | $1.32 | +9.1% | $3.80B |
| Feb 25, 2025 | $1.50 | $1.47 | +2.0% | $3.76B |
| Nov 6, 2024 | $0.89 | $1.05 | -15.2% | $2.78B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 22.7× | 20.0× | 57th | Bottom 24% |
| P/E (forward) | 15.3× | — | — | — |
| EV / EBITDA | 13.5× | — | — | Bottom 28% |
| EV / Sales | 6.45× | — | — | Bottom 15% |
| Free-cash-flow yield | -11.51% | — | — | Bottom 23% |
| Earnings yield | 4.41% | — | — | Bottom 24% |
P/E over the past five years
Range 14.8× – 51.0× 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
- -12.5%
- Earnings per share growth (TTM)
- -16.5%
- Change in P/E multiple
- +22.4%
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)
- -5.7%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -6.7%
- Distance from 200-day average
- -13.2%
- RSI (14)
- 35.6
- Relative volume
- 0.96×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.7%
- Volatility vs own 5-year history
- 75th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.45
- Correlation with S&P 500
- 0.25
- Current drawdown from 1-year high
- -21.6%
- Maximum drawdown, 3 years
- -32.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 25, 2024 | Apr 8, 2025 | -32.7% | 90 days | 214 days (Feb 13, 2026) |
| Sep 12, 2022 | Oct 2, 2023 | -25.7% | 265 days | 277 days (Nov 6, 2024) |
| Apr 9, 2026 | Sep 28, 2026 | -22.9% | 118 days | Not yet recovered |
| Apr 20, 2022 | Jun 17, 2022 | -19.2% | 41 days | 55 days (Sep 7, 2022) |
| Jun 15, 2021 | Dec 1, 2021 | -16.9% | 118 days | 60 days (Feb 28, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $51.24B
- P/E (TTM)
- 22.7
- EPS, diluted (TTM)
- $3.45
- Revenue (TTM)
- $13.60B
- Dividend yield
- 3.35%
- 52-week range
- $76.21 – $101.04
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $13.06B | $15.55B | $15.80B | $12.96B | $13.71B |
| Gross profit | $3.64B | $4.16B | $3.75B | $3.52B | $4.00B |
| Operating income | $3.05B | $3.53B | $3.07B | $2.83B | $3.25B |
| Net income | $1.32B | $2.14B | $3.08B | $2.86B | $1.84B |
| EPS (diluted) | $2.00 | $3.31 | $4.79 | $4.42 | $2.75 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.68B | $3.75B | $3.80B | $3.00B | $3.18B | $3.77B | $3.65B | $3.00B |
| Net income | $649.0M | $676.0M | $917.0M | $473.0M | $95.0M | $352.0M | $1.04B | $797.0M |
| EPS (diluted) | $1.00 | $1.04 | $1.39 | $0.71 | $0.12 | $0.54 | $1.58 | $1.21 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.84B | $1.14B | $6.22B | $4.91B | $4.57B |
| Capital expenditure | -$5.01B | -$5.36B | -$8.40B | -$8.21B | -$10.61B |
| Free cash flow | -$1.17B | -$4.21B | -$2.18B | -$3.31B | -$6.05B |
| Dividends paid | -$1.33B | -$1.43B | -$1.48B | -$1.50B | -$1.60B |
| Net share buybacks | -$334.0M | -$474.0M | $113.0M | $1.18B | -$926.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $154.0M
- Total assets
- $115.28B
- Total liabilities
- $71.97B
- Total debt
- $36.66B
- Net debt
- $36.51B
- Shareholders’ equity
- $32.70B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 24, 2026 | $0.66 | Oct 15, 2026 |
| Jun 25, 2026 | $0.66 | Jul 15, 2026 |
| Mar 19, 2026 | $0.66 | Apr 15, 2026 |
| Dec 11, 2025 | $0.65 | Jan 15, 2026 |
| Oct 1, 2025 | $0.65 | Oct 15, 2025 |
| Jun 26, 2025 | $0.65 | Jul 15, 2025 |
| Mar 20, 2025 | $0.65 | Apr 15, 2025 |
| Dec 5, 2024 | $0.62 | Jan 15, 2025 |
Short interest
- Shares sold short
- 10,965,351
- Days to cover
- 2.98
- Change vs previous report
- +5.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 22, 2023
- 2-for-1
- Jun 29, 1998
- 1,503-for-1,000
- May 28, 1992
- 2-for-1