$156.27

+7.19 (+4.82%)

After Hours: $156.43 (+0.16, +0.10%)

Weekly Expected Move ±6.1%

$123 $131 $140 $148 $157

NYSE · Utilities · Independent Power Producers · Alpha Radar Sell · Power 45 · $52.7B mcap · 314M float · 1.49% daily turnover · Short 32% of daily vol

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$17.0B -12.4% ▼

5Y CAGR: +8.9%

Gross Profit

$3.0B -61.3% ▼

5Y CAGR: +3.5%

Operating Income

$1.3B -78.6% ▼

5Y CAGR: -2.1%

Net Income

$944M -64.5% ▼

5Y CAGR: +8.2%

EPS (Diluted)

$2.21 -68.4% ▼

5Y CAGR: +11.2%

EBITDA

$5.3B -27.0% ▼

5Y CAGR: +10.7%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$13.3B	$17.8B	$15.5B	$19.4B	$17.0B
YoY Growth	+20.5%	+33.8%	-12.9%	+24.7%	-12.4%
Cost of Revenue	$13.3B	$14.0B	$10.4B	$11.7B	$14.0B
Gross Profit	$60M	$3.8B	$5.2B	$7.7B	$3.0B
Gross Margin	0.5%	21.4%	33.3%	39.7%	17.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.0B	$1.2B	$1.3B	$1.5B	$1.6B
Operating Expenses	$1.0B	$1.2B	$1.3B	$1.5B	$1.6B
Operating Income	-$988M	$2.6B	$3.9B	$6.2B	$1.3B
Operating Margin	-7.4%	14.8%	25.2%	32.1%	7.9%
Interest Expense	$598M	$853M	$749M	$1.1B	$1.2B
Income Before Tax	-$1.7B	-$1.6B	$2.0B	$3.5B	$1.1B
Tax Expense	-$458M	-$350M	$508M	$655M	$179M
Net Income	-$1.3B	-$1.2B	$1.5B	$2.7B	$944M
Net Margin	-9.6%	-6.9%	9.6%	13.7%	5.6%
EPS (Diluted)	$-2.62	$-2.86	$3.58	$7.00	$2.21
EBITDA	$852M	$1.3B	$4.6B	$7.2B	$5.3B
Shares Outstanding	482M	422M	375M	353M	340M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1
Revenue	$3.7B	$5.5B	$7.4B	$5.2B	$4.2B	$5.0B	$2.3B	$4.7B
Cost of Revenue	$2.7B	$3.2B	$3.1B	$3.6B	$3.3B	$3.5B	$3.6B	$3.7B
Gross Profit	$967M	$2.4B	$4.2B	$1.5B	$934M	$1.5B	-$1.3B	$943M
Gross Margin	26.2%	42.9%	57.3%	29.8%	22.0%	29.9%	-55.6%	20.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$350M	$386M	$411M	$373M	$419M	$444M	$447M	$416M
Operating Expenses	$350M	$386M	$411M	$373M	$419M	$444M	$447M	$416M
Operating Income	$617M	$2.0B	$3.8B	$1.2B	$515M	$1.0B	-$1.7B	$527M
Operating Margin	16.7%	35.9%	51.8%	22.6%	12.1%	21.0%	-74.8%	11.3%
Interest Expense	$252M	$248M	$371M	$271M	$303M	$286M	$271M	$279M
Income Before Tax	$626M	$2.4B	$451M	-$444M	$403M	$856M	$308M	$1.2B
Tax Expense	$159M	$555M	-$39M	-$176M	$76M	$204M	$75M	$183M
Net Income	$365M	$1.9B	$441M	-$268M	$327M	$652M	$233M	$1.0B
Net Margin	9.9%	34.1%	6.0%	-5.2%	7.7%	13.1%	10.0%	22.1%
EPS (Diluted)	$0.90	$5.25	$1.13	$-0.93	$0.83	$1.75	$0.55	$2.88
EBITDA	$1.5B	$3.4B	$1.6B	$599M	$1.1B	$1.9B	$1.3B	$1.2B
Shares Outstanding	354M	350M	340M	340M	339M	340M	340M	340M

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