Also trades as: TRN.MI (MIL) · $vol 40M · TEZNY (OTC) · $vol 1M

$10.25

+0.00 (+0.00%)

OTC · Utilities · Regulated Electric · Tech Score Sell · Power 30 · $20.6B mcap · 1.40B float · 0.0000% daily turnover · Short 100% of daily vol

Revenue

$4.0B +10.5% ▲

5Y CAGR: +11.0%

Gross Profit

$1.9B -38.0% ▼

5Y CAGR: +9.9%

Operating Income

$1.8B +6.7% ▲

5Y CAGR: +8.7%

Net Income

$1.1B +4.6% ▲

5Y CAGR: +7.2%

EPS (Diluted)

$0.55 +5.8% ▲

5Y CAGR: +7.1%

EBITDA

$2.7B +3.5% ▲

5Y CAGR: +9.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.6B	$2.9B	$3.2B	$3.6B	$4.0B
YoY Growth	+6.8%	+14.0%	+8.1%	+15.6%	+10.5%
Cost of Revenue	$1.3B	$1.5B	$577M	$660M	$2.2B
Gross Profit	$1.2B	$1.4B	$2.6B	$3.0B	$1.9B
Gross Margin	47.4%	47.4%	81.7%	81.9%	45.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$15M	$17M	$380M	$21M	$63M
Operating Expenses	$84M	$110M	$1.2B	$1.3B	$63M
Operating Income	$1.2B	$1.3B	$1.4B	$1.7B	$1.8B
Operating Margin	46.9%	45.7%	43.2%	46.0%	44.4%
Interest Expense	$92M	$126M	$187M	$274M	$181M
Income Before Tax	$1.1B	$1.2B	$1.2B	$1.5B	$1.6B
Tax Expense	$318M	$355M	$364M	$455M	$495M
Net Income	$789M	$857M	$885M	$1.1B	$1.1B
Net Margin	30.9%	29.4%	28.1%	29.1%	27.6%
EPS (Diluted)	$0.40	$0.43	$0.44	$0.52	$0.55
EBITDA	$1.8B	$2.0B	$2.2B	$2.7B	$2.7B
Shares Outstanding	2.01B	2.01B	2.01B	2.01B	2.01B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$926M	$1.5B	$1.7B	$878M	$1000M	$963M	$2.2B	$2.1B
Cost of Revenue	$204M	$292M	$895M	$162M	$201M	$65M	$1.3B	$1.1B
Gross Profit	$722M	$1.2B	$773M	$716M	$798M	$898M	$915M	$985M
Gross Margin	78.0%	80.3%	46.3%	81.5%	79.9%	93.3%	42.0%	46.7%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$91M	$70M	$0	$0	$0	$11M	$25M
Operating Expenses	$285M	$593M	$75M	$299M	$378M	$418M	$11M	$25M
Operating Income	$437M	$651M	$711M	$417M	$421M	$480M	$904M	$960M
Operating Margin	47.2%	43.9%	42.6%	47.5%	42.1%	49.9%	41.5%	45.5%
Interest Expense	$51M	$271M	$0	$28M	$71M	$40M	$142M	$94M
Income Before Tax	$393M	$597M	$647M	$772M	$354M	$443M	$772M	$866M
Tax Expense	$119M	$174M	$190M	$227M	$116M	$130M	$246M	$273M
Net Income	$270M	$422M	$463M	$545M	$249M	$312M	$524M	$590M
Net Margin	29.2%	28.5%	27.8%	62.1%	24.9%	32.4%	24.0%	28.0%
EPS (Diluted)	$0.13	$0.42	$0.23	$0.27	$0.25	$0.16	$0.26	$0.30
EBITDA	$670M	$1.1B	$1.1B	$691M	$758M	$762M	$1.4B	$1.5B
Shares Outstanding	2.01B	2.01B	2.01B	2.01B	2.01B	2.01B	2.01B	2.01B

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