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 5.9× 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.
- The shares trade at 19.5× trailing earnings, lower than 81% of the company's own readings over the past five years.
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.
Growth7Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 27%
- EPS growth (TTM, YoY)Bottom 43%
- Revenue growth, 3-year CAGRBottom 18%
- Revenue growth accelerationBottom 23%
Quality25Very weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 33%
- Gross marginTop 46%
- Operating marginBottom 45%
- Cash conversion (OCF / net income)Bottom 46%
- Accruals (lower is better)Bottom 39%
- Net debt / EBITDA (lower is better)Bottom 28%
- Interest coverBottom 37%
Value25Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 48%
- Free-cash-flow yieldBottom 13%
- EBITDA / enterprise valueBottom 41%
- Sales / enterprise valueBottom 25%
- P/E vs own 5-year history (lower is better)Top 45%
Momentum51Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 40%
- 6-month returnBottom 46%
- 1-year return vs S&P 500Bottom 40%
- Distance from 52-week highTop 30%
- Trend checklist (0–4)Bottom 33%
Revisions78Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 37%
- Consecutive EPS beatsTop 35%
- Share of analysts rating BuyTop 22%
- Upside to consensus price targetTop 29%
Stability30Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 46%
- Maximum drawdown, 3 yearsBottom 46%
- Beta vs S&P 500 (lower is better)Bottom 41%
- Net debt / EBITDA (lower is better)Bottom 28%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 7.9% | 4.7% | ↓ |
| EPS growth (YoY) | 2.9% | 1.4% | ↓ |
| Gross margin | 45.8% | 48.8% | ↑ |
| Operating margin | 18.0% | 21.0% | ↑ |
| FCF margin | -28.0% | -52.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.7% | 7.9% | ↓ | Bottom 27% |
| EPS growth (TTM, YoY) | 1.4% | 2.9% | ↓ | Bottom 43% |
| Gross margin | 48.8% | 45.8% | ↑ | Top 46% |
| Operating margin | 21.0% | 18.0% | ↑ | Bottom 45% |
| Net margin | 15.3% | 14.9% | ↑ | — |
| Free-cash-flow margin | -52.6% | -28.0% | ↓ | — |
| Return on invested capital | 3.7% | — | Bottom 33% | |
| Revenue growth, 3-year CAGR | -1.4% | — | Bottom 18% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.14×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -0.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.86×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.06%
- Net buyback yield (TTM)
- -4.97%
- Shareholder yield
- -1.91%
- Share count change, 1 year
- +7.7%
- Share count change, 3-year CAGR
- +4.3%
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 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +2.9%
- Average 2-day reaction, last 8
- +1.4%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $90.83
- Target vs current price
- +27.1%
- Analysts with a rating
- 27
- Share rating Buy or Strong Buy
- 63%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +17.7% | -0.7% | -2.0% | -1.4% | — |
| Apr 30, 2026 | +0.3% | +5.2% | +2.2% | +0.6% | +2.4% |
| Feb 5, 2026 | -0.2% | -0.1% | +2.3% | +8.1% | +8.4% |
| Oct 30, 2025 | -6.1% | +2.4% | +1.9% | +2.0% | -4.2% |
| Jul 31, 2025 | +16.3% | +1.5% | +1.3% | +0.7% | +11.1% |
| Apr 24, 2025 | -8.8% | -1.8% | -1.2% | -2.3% | +0.0% |
| Feb 6, 2025 | -7.4% | -1.2% | -0.8% | -0.4% | +4.2% |
| Oct 31, 2024 | -0.8% | +6.0% | +5.5% | +15.7% | +4.8% |
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 | $0.93 | $0.79 | +17.7% | $3.12B |
| Apr 30, 2026 | $0.91 | $0.91 | +0.3% | $4.02B |
| Feb 5, 2026 | $0.96 | $0.96 | -0.2% | $3.56B |
| Oct 30, 2025 | $1.24 | $1.32 | -6.1% | $3.92B |
| Jul 31, 2025 | $0.75 | $0.65 | +16.3% | $3.29B |
| Apr 24, 2025 | $0.84 | $0.92 | -8.8% | $3.91B |
| Feb 6, 2025 | $0.81 | $0.88 | -7.4% | $3.12B |
| Oct 31, 2024 | $1.25 | $1.26 | -0.8% | $3.64B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 19.5× | 20.9× | 19th | Bottom 48% |
| P/E (forward) | 17.4× | — | — | — |
| EV / EBITDA | 12.7× | — | — | Bottom 41% |
| EV / Sales | 5.67× | — | — | Bottom 25% |
| Free-cash-flow yield | -17.25% | — | — | Bottom 13% |
| Earnings yield | 5.13% | — | — | Bottom 48% |
P/E over the past five years
Range 16.5× – 25.0× 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
- -10.2%
- Earnings per share growth (TTM)
- +1.4%
- Change in P/E multiple
- +5.1%
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)
- -4.0%
- 200-day average slope (20 days)
- -0.7%
- Distance from 50-day average
- -5.4%
- Distance from 200-day average
- -8.4%
- RSI (14)
- 41.1
- Relative volume
- 0.74×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.2%
- Volatility vs own 5-year history
- 13th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.21
- Correlation with S&P 500
- 0.16
- Current drawdown from 1-year high
- -14.8%
- Maximum drawdown, 3 years
- -24.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 12, 2022 | Mar 6, 2024 | -37.4% | 372 days | 389 days (Sep 24, 2025) |
| Nov 16, 2020 | Mar 3, 2021 | -22.3% | 72 days | 277 days (Apr 6, 2022) |
| Feb 24, 2026 | Sep 28, 2026 | -17.3% | 149 days | Not yet recovered |
| May 27, 2022 | Jun 17, 2022 | -16.3% | 14 days | 39 days (Aug 15, 2022) |
| Nov 28, 2025 | Dec 19, 2025 | -11.5% | 15 days | 42 days (Feb 23, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $44.60B
- P/E (TTM)
- 19.5
- EPS, diluted (TTM)
- $3.67
- Revenue (TTM)
- $14.62B
- Dividend yield
- 3.28%
- 52-week range
- $68.72 – $84.23
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $13.43B | $15.31B | $14.21B | $13.44B | $14.67B |
| Gross profit | $5.26B | $5.86B | $5.98B | $6.15B | $6.92B |
| Operating income | $2.20B | $2.43B | $2.48B | $2.39B | $2.88B |
| Net income | $1.60B | $1.74B | $1.77B | $1.94B | $2.02B |
| EPS (diluted) | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.64B | $3.12B | $3.91B | $3.29B | $3.92B | $3.56B | $4.02B | $3.12B |
| Net income | $682.0M | $464.0M | $483.0M | $444.0M | $524.0M | $567.0M | $556.0M | $586.0M |
| EPS (diluted) | $1.21 | $0.81 | $0.84 | $0.76 | $0.90 | $0.95 | $0.89 | $0.93 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.19B | $3.93B | $5.33B | $4.64B | $4.08B |
| Capital expenditure | -$4.24B | -$4.64B | -$5.85B | -$7.36B | -$10.91B |
| Free cash flow | -$2.06B | -$706.0M | -$527.0M | -$2.72B | -$6.83B |
| Dividends paid | -$935.0M | -$1.01B | -$1.09B | -$1.18B | -$1.28B |
| Net share buybacks | $366.0M | $322.0M | $270.0M | $1.12B | $3.35B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.01B
- Total assets
- $87.17B
- Total liabilities
- $63.11B
- Total debt
- $40.32B
- Net debt
- $38.31B
- Shareholders’ equity
- $24.06B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.59 | Oct 20, 2026 |
| Jun 15, 2026 | $0.59 | Jul 20, 2026 |
| Mar 13, 2026 | $0.59 | Apr 20, 2026 |
| Dec 29, 2025 | $0.57 | Jan 20, 2026 |
| Sep 15, 2025 | $0.57 | Oct 20, 2025 |
| Jun 13, 2025 | $0.57 | Jul 20, 2025 |
| Mar 14, 2025 | $0.57 | Apr 20, 2025 |
| Jan 6, 2025 | $0.55 | Jan 20, 2025 |
Short interest
- Shares sold short
- 41,392,983
- Days to cover
- 6.96
- Change vs previous report
- +0.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 2, 1998
- 2-for-1
- Jun 16, 1986
- 2-for-1