Valuation
Is the price right?3/3 inputs reported · High confidence
- Share count down 6.9%
Held back by:
- ▼ Earnings yield
Behind the score
Sector-normalized EBITDA, earnings, and free cash flow yields.
Bringing the fundamentals into focus…
Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
3/3 inputs reported · High confidence
Held back by:
Sector-normalized EBITDA, earnings, and free cash flow yields.
3/3 inputs reported · High confidence
Mixed versus peers:
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
3/3 inputs reported · High confidence
Why it changed since the Oct 27, 2026 close: Score 35 → 36
Weaker than most peers on:
Return on invested capital, operating margin, and return on assets.
3/3 inputs reported · High confidence
Mixed versus peers:
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Got stronger
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 2.2B USD | 2.2B USD | +2.1% |
| Net income (12 months) | 165.0M USD | 214.4M USD | +29.9% |
| Operating margin | 20.4% | 22.2% | +1.8 pts |
| Free cash flow (12 months) | −569.6M USD | −502.0M USD | −11.9% |
| Debt | 5.7B USD | 5.9B USD | +3.9% |
| Cash | 5.6M USD | 14.6M USD | +159.6% |
| Shares outstanding | 110.7M | 103.0M | −6.9% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Valuations in Utilities - Regulated Electric are above their usual range since 2016.
| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Gross margin | 36.5% | 32.9% | 33.8% | — | — | — |
| Operating margin | 17.3% | 17.5% | 11.9% | 23.0% | 20.4% | ▼ 2.6 pts |
| Net margin | 11.9% | 8.2% | 5.5% | 13.1% | 7.8% | ▼ 5.3 pts |
| Return on assets (ROA) | 2.4% | 2.0% | 1.0% | 2.3% | 1.4% | ▼ 0.9 pts |
| Return on equity (ROE) | 9.8% | 8.4% | 4.5% | 10.2% | 5.0% | ▼ 5.2 pts |
| Free cash flow margin | -21.8% | -15.3% | -27.1% | -37.5% | -28.2% | ▲ 9.3 pts |
| Current ratio | 0.49× | 0.46× | 0.39× | 0.28× | 0.55× | ▲ 97% |
| Quick ratio | 0.39× | 0.39× | 0.31× | 0.19× | 0.38× | ▲ 101% |
| Debt to equity | 1.74× | 1.97× | 2.04× | 2.18× | 1.65× | ▼ 25% |
| Interest coverage | 3.18× | 3.08× | 1.22× | 1.99× | 1.62× | ▼ 18% |
Price history is added with the daily price update and will appear after the next one.