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
- Operating margin narrowed to 2.3% from 33.5% a year earlier.
- Revenue over the last four quarters was $15.98B, down 28.4% from a year earlier, slowing from -25.5% a quarter earlier.
- 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.
Growth14Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 3%
- EPS growth (TTM, YoY)Bottom 28%
- FCF growth (TTM, YoY)Top 9%
- Revenue growth, 3-year CAGRBottom 15%
- Revenue growth accelerationBottom 24%
Quality19Very weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 8%
- Gross marginBottom 8%
- Operating marginBottom 7%
- Cash conversion (OCF / net income)Top 36%
- Accruals (lower is better)Top 7%
- Net debt / EBITDA (lower is better)Top 12%
- Interest coverBottom 7%
Value55Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 22%
- Free-cash-flow yieldTop 15%
- EBITDA / enterprise valueTop 38%
- Sales / enterprise valueTop 45%
- P/E vs own 5-year history (lower is better)Bottom 34%
Momentum10Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 5%
- 6-month returnTop 38%
- 1-year return vs S&P 500Bottom 6%
- Distance from 52-week highBottom 16%
- Trend checklist (0–4)Bottom 32%
Revisions60Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 18%
- Consecutive EPS beatsBottom 14%
- Share of analysts rating BuyTop 1%
- Upside to consensus price targetTop 11%
Stability18Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 15%
- Maximum drawdown, 3 yearsBottom 16%
- Beta vs S&P 500 (lower is better)Bottom 5%
- Net debt / EBITDA (lower is better)Top 12%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -25.5% | -28.4% | ↓ |
| EPS growth (YoY) | -5.4% | -5.4% | ↓ |
| Gross margin | 40.6% | 13.0% | ↓ |
| Operating margin | 33.5% | 2.3% | ↓ |
| FCF margin | 7.4% | 8.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -28.4% | -25.5% | ↓ | Bottom 3% |
| EPS growth (TTM, YoY) | -5.4% | -5.4% | ↓ | Bottom 28% |
| Gross margin | 13.0% | 40.6% | ↓ | Bottom 8% |
| Operating margin | 2.3% | 33.5% | ↓ | Bottom 7% |
| Net margin | 13.9% | 10.7% | ↑ | — |
| Free-cash-flow margin | 8.6% | 7.4% | ↑ | — |
| Return on invested capital | 0.9% | — | Bottom 8% | |
| Revenue growth, 3-year CAGR | -1.6% | — | Bottom 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.31×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +31.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.00×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.65%
- Net buyback yield (TTM)
- 0.25%
- Shareholder yield
- 0.91%
- Share count change, 1 year
- +0.1%
- Share count change, 3-year CAGR
- -3.4%
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 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -6.9%
- Average 2-day reaction, last 8
- -1.6%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $215.67
- Target vs current price
- +54.0%
- Analysts with a rating
- 23
- Share rating Buy or Strong Buy
- 91%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 7, 2026 | -52.8% | -0.6% | +3.6% | +2.0% | — |
| May 7, 2026 | +117.4% | -2.7% | -9.9% | -2.9% | -1.5% |
| Feb 26, 2026 | -76.5% | +0.8% | -6.8% | -13.6% | -15.0% |
| Nov 6, 2025 | -15.9% | -2.5% | -5.9% | -7.0% | -19.2% |
| Aug 6, 2025 | -7.4% | -4.2% | -0.0% | -10.2% | -4.9% |
| May 8, 2025 | -273.5% | +1.0% | +10.9% | +22.5% | +53.4% |
| Feb 27, 2025 | +34.1% | -12.3% | -14.4% | -16.3% | +4.4% |
| Nov 7, 2024 | +350.0% | +7.6% | +12.7% | +27.6% | +36.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 7, 2026 | $0.76 | $1.61 | -52.8% | $4.02B |
| May 7, 2026 | $2.87 | $1.32 | +117.4% | $5.64B |
| Feb 26, 2026 | $0.54 | $2.31 | -76.5% | $4.58B |
| Nov 6, 2025 | $1.75 | $2.08 | -15.9% | $4.97B |
| Aug 6, 2025 | $0.81 | $0.88 | -7.4% | $4.25B |
| May 8, 2025 | -$0.93 | $0.54 | -273.5% | $5.17B |
| Feb 27, 2025 | $1.14 | $0.85 | +34.1% | $7.36B |
| Nov 7, 2024 | $5.40 | $1.20 | +350.0% | $6.29B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.6× | 25.7× | 36th | Bottom 22% |
| P/E (forward) | 16.2× | — | — | — |
| EV / EBITDA | 10.3× | — | — | Top 38% |
| EV / Sales | 4.17× | — | — | Top 45% |
| Free-cash-flow yield | 2.91% | — | — | Top 15% |
| Earnings yield | 4.24% | — | — | Bottom 22% |
P/E over the past five years
Range 8.1× – 79.0× since Mar 31, 2022. 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
- -30.5%
- Earnings per share growth (TTM)
- -5.4%
- Change in P/E multiple
- -25.3%
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)
- -4.5%
- 200-day average slope (20 days)
- -1.9%
- Distance from 50-day average
- -2.3%
- Distance from 200-day average
- -9.6%
- RSI (14)
- 46.8
- Relative volume
- 2.65×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 40.0%
- Volatility vs own 5-year history
- 45th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.52
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -33.6%
- Maximum drawdown, 3 years
- -48.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 23, 2025 | Apr 4, 2025 | -48.9% | 50 days | 57 days (Jun 27, 2025) |
| Sep 22, 2025 | May 19, 2026 | -38.2% | 165 days | Not yet recovered |
| May 28, 2024 | Jul 30, 2024 | -35.0% | 43 days | 37 days (Sep 20, 2024) |
| Feb 24, 2021 | May 17, 2021 | -33.2% | 57 days | 225 days (Apr 6, 2022) |
| Jun 7, 2022 | Sep 30, 2022 | -23.3% | 80 days | 201 days (Jul 21, 2023) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $47.21B
- P/E (TTM)
- 23.6
- EPS, diluted (TTM)
- $5.94
- Revenue (TTM)
- $15.98B
- Dividend yield
- 0.65%
- 52-week range
- $132.66 – $217.10
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $13.33B | $17.84B | $15.54B | $19.38B | $16.97B |
| Gross profit | $60.0M | $3.81B | $5.17B | $7.69B | $2.97B |
| Operating income | -$988.0M | $2.64B | $3.91B | $6.23B | $1.33B |
| Net income | -$1.27B | -$1.23B | $1.49B | $2.66B | $944.0M |
| EPS (diluted) | -$2.62 | -$3.26 | $3.58 | $7.00 | $2.21 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.53B | $7.36B | $5.17B | $4.25B | $4.97B | $2.34B | $4.65B | $4.02B |
| Net income | $1.89B | $441.0M | -$268.0M | $327.0M | $652.0M | $233.0M | $1.03B | $305.0M |
| EPS (diluted) | $5.25 | $1.13 | -$0.93 | $0.83 | $1.75 | $0.55 | $2.88 | $0.76 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$206.0M | $485.0M | $5.45B | $4.56B | $4.07B |
| Capital expenditure | -$1.03B | -$1.30B | -$1.68B | -$2.08B | -$3.94B |
| Free cash flow | -$1.24B | -$816.0M | $3.78B | $2.48B | $129.0M |
| Dividends paid | -$290.0M | -$302.0M | -$313.0M | -$305.0M | -$306.0M |
| Net share buybacks | -$471.0M | -$1.95B | -$1.25B | -$1.27B | -$1.03B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $435.0M
- Total assets
- $42.60B
- Total liabilities
- $37.11B
- Total debt
- $19.89B
- Net debt
- $19.46B
- Shareholders’ equity
- $5.48B
As of Jun 30, 2026 (filed Aug 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 21, 2026 | $0.23 | Sep 30, 2026 |
| Jun 22, 2026 | $0.23 | Jun 30, 2026 |
| Mar 20, 2026 | $0.23 | Mar 31, 2026 |
| Dec 22, 2025 | $0.23 | Dec 31, 2025 |
| Sep 19, 2025 | $0.23 | Sep 30, 2025 |
| Jun 18, 2025 | $0.23 | Jun 30, 2025 |
| Mar 20, 2025 | $0.22 | Mar 31, 2025 |
| Dec 20, 2024 | $0.22 | Dec 31, 2024 |
Short interest
- Shares sold short
- 9,701,865
- Days to cover
- 2.04
- Change vs previous report
- -10.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 9, 2013
- 1-for-50
- Nov 1, 2004
- 1-for-10
- Feb 27, 2003
- 3-for-1