CompanyGraph
What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleLevered free cash flow is -$1.97B, lower than 95% of all stocks globally
- PositionDebt-to-equity is 2.93×, higher than 95% of its Solar peers (median 1.12×)
- Interpretations3 currently firing — 3
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Sign inThe reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
1.95BUSDvs all stocks (USD)
Trailing P/E
5.52xvs Solar peers
Revenue (TTM)
3.48BUSDvs all stocks (USD)
Profit Margin
11.59%vs Solar peers
Beta
2.36xvs all stocks
52-Week Change
-54.39%vs all stocks
Market Capitalization
1.95BUSDvs all stocks (USD)
Enterprise Value
18.18BUSDvs all stocks (USD)
Trailing P/E
5.52xvs Solar peers
Forward P/E
7.99xvs Solar peers
PEG Ratio
-0.0910xPrice to Sales (TTM)
0.5566xvs Solar peers
Price to Book (MRQ)
0.5580xvs Solar peers
Enterprise to Revenue
5.23xvs Solar peers
Enterprise to EBITDA
21.62xvs Solar peers
Gross Margin
37.73%vs Solar peers
Profit Margin
11.59%vs Solar peers
Operating Margin
4.00%vs Solar peers
Return on Assets (TTM)
0.26%vs Solar peers
Return on Equity (TTM)
-19.86%vs Solar peers
Revenue (TTM)
3.48BUSDvs all stocks (USD)
Revenue per Share (TTM)
14.83USDUpdated Sep 28, 2026Quarterly Revenue Growth
52.80%vs Solar peers
Gross Profit (TTM)
1.23BUSDvs all stocks (USD)
EBITDA (TTM)
881.80MUSDvs all stocks (USD)
Net Income (TTM)
400.66MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
-58.80%vs Solar peers
Operating Cash Flow (TTM)
-200.13MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.97BUSDvs all stocks (USD)
Trailing Annual Dividend Rate
0.00USDUpdated Sep 28, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Solar peers
Minority Interest (Equity)
1.85BUSDFY2025 · Dec 31, 2025Revenue
2.96BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
2.06BUSDFY2025 · Dec 31, 2025Gross Profit
897.30MUSDFY2025 · Dec 31, 2025Operating Income
-126.13MUSDvs all stocks (USD)
Pre-tax Income
-1.18BUSDFY2025 · Dec 31, 2025Income Tax Expense
-167.22MUSDFY2025 · Dec 31, 2025Net Income
-1.01BUSDFY2025 · Dec 31, 2025EBIT
-179.54MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
546.04MUSDFY2025 · Dec 31, 2025Research & Development
36.13MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
987.30MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
996.78MUSDFY2025 · Dec 31, 2025EPS (Basic)
1.96USDFY2025 · Dec 31, 2025EPS (Diluted)
1.71USDFY2025 · Dec 31, 2025Basic Shares Outstanding
229.81MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
229.81MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-1.01BUSDFY2025 · Dec 31, 2025Minority Interests (P&L)
1.46BUSDFY2025 · Dec 31, 2025Operating Cash Flow
52.28MUSDFY2025 · Dec 31, 2025Free Cash Flow
-2.45BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.24BUSDFY2025 · Dec 31, 2025Income Tax Paid
0.00USDFY2025 · Dec 31, 2025Interest Paid
741.67MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-1.01BUSDFY2025 · Dec 31, 2025Depreciation & Amortization
725.58MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
-167.22MUSDFY2025 · Dec 31, 2025Stock-based Compensation
107.95MUSDFY2025 · Dec 31, 2025Other Non-cash Items
307.83MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-119.77MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-80.06MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
287.06MUSDFY2025 · Dec 31, 2025Capital Expenditures
-2.50BUSDFY2025 · Dec 31, 2025Net Acquisitions
0.00USDFY2025 · Dec 31, 2025Net Investing Cash Flow
-2.50BUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
4.66BUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-2.84BUSDFY2025 · Dec 31, 2025Other Financing Charges
1.38BUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
3.19BUSDFY2025 · Dec 31, 2025Shares Outstanding
240.13MSharesUpdated Sep 28, 2026Float Shares
221.00MSharesUpdated Sep 28, 2026Shares Short
71.12MSharesUpdated Sep 28, 2026Short Ratio
10.01daysvs all stocks
Short % of Shares Outstanding
35.38%vs all stocks
% Held by Insiders
2.82%vs all stocks
% Held by Institutions
116.70%vs all stocks
Total Cash (MRQ)
726.43MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
3.02USDUpdated Sep 28, 2026Total Debt (MRQ)
15.23BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
2.93xvs Solar peers
Current Ratio (MRQ)
1.42xvs Solar peers
Book Value per Share (MRQ)
14.53USDUpdated Sep 28, 2026Total Assets
22.61BUSDvs all stocks (USD)
Total Current Assets
2.16BUSDFY2025 · Dec 31, 2025Total Liabilities
17.63BUSDFY2025 · Dec 31, 2025Total Non-current Assets
20.45BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
16.32BUSDFY2025 · Dec 31, 2025Total Current Liabilities
1.30BUSDFY2025 · Dec 31, 2025Cash
823.38MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
823.38MUSDFY2025 · Dec 31, 2025Accounts Receivable
191.56MUSDFY2025 · Dec 31, 2025Inventory
501.29MUSDFY2025 · Dec 31, 2025Accounts Payable
271.02MUSDFY2025 · Dec 31, 2025Short-term Debt
319.32MUSDFY2025 · Dec 31, 2025Deferred Revenue
171.52MUSDFY2025 · Dec 31, 2025Long-term Debt
14.46BUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
156.20MUSDFY2025 · Dec 31, 2025Common Stock (Book)
23.00KUSDFY2025 · Dec 31, 2025Retained Earnings
-3.83BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
4.98BUSDvs all stocks (USD)
52-Week Low
7.75USDUpdated Sep 28, 202652-Week High
22.44USDUpdated Sep 28, 202652-Week Change
-54.39%vs all stocks
Beta
2.36xvs all stocks
50-Day MA
9.42USDUpdated Sep 28, 2026200-Day MA
13.80USDUpdated Sep 28, 2026Avg 10-Day Volume
8.26MSharesUpdated Sep 28, 2026Avg 30-Day Volume
7.46MSharesUpdated Sep 28, 2026Diluted EPS (TTM)
1.47USDUpdated Sep 28, 2026Other Income / Expense
-53.41MUSDFY2025 · Dec 31, 20253 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Debt Financing Activity
More cash moved through borrowing and repaying than through the business itself, and most of its debt is long-term.
Reads
Is this company growing?
Industry-Benchmarked Capex/OCF Elevated And Capex Above Depreciation
It spends more of its cash on equipment than its industry, and more than it writes off each year.
Reads
Where is this company structurally exposed?
Share Dilution
Its share count has grown over six years, with more waiting in options.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Debt-to-equity is 2.93×, higher than 95% of its Solar peers (median 1.12×)Significant
Debt-to-equity: 2.93Industry median: 1.12Industry P95: 2.76Peers compared: 26.00
P/E ratio is 5.52×, lower than 95% of its Solar peers (median 35.7×)Notable
P/E ratio: 5.52Industry median: 35.70Industry P5: 8.79Peers compared: 26.00
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 400,656,000Operating Cash Flow (USD, TTM): -200,131,008
Financial Health
Altman Z-Score -0.02: distress zoneCritical
Altman Z-Score: -0.02
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Levered free cash flow is -$1.97B, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -1,971,139,840Global P5: -202,685,365.334
Market cap is $1.95B, above the global median of $1.18BNotable
Market cap (USD): 1,953,269,024Global Median: 1,180,223,658.953
Revenue is $3.48B, above the global median of $548.88MNotable
Revenue (USD): 3,475,609,088Global Median: 548,883,780.48
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