Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -5.0 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -5.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- No current rule-based risk flags
12 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +18.1% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $19M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2018-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-22
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Electricity$413M82.2%+17.8% yoy
- Oil And Gas$65.7M13.1%+26.0% yoy
- Product And Service Other$23.5M4.7%+4.1% yoy
Members sum to the consolidated $502M for this period.
- United States$502M100.0%+18.2% yoy
- Outside the United States$147K0.0%-79.6% yoy
Members sum to the consolidated $502M for this period.
- Electricity$83.5M83.2%-7.0% yoy
- Oil And Gas$10.6M10.5%+16.2% yoy
- Product And Service Other$6.27M6.2%+0.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 115 in Utilities| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $502M | 44thof 3,247 middle third | 23rdof 100 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 18.1% | 75thof 3,083 top third | 78thof 95 top third |
Gross margin gross profit ÷ revenue | 24.8% | 28thof 1,585 bottom third | 46thof 14 middle third |
Operating margin operating income ÷ revenue | 5.5% | 57thof 2,777 middle third | 20thof 95 bottom third |
Net margin net income ÷ revenue | 4.8% | 57thof 3,212 middle third | 23rdof 99 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 9.6% | 64thof 3,520 middle third | 59thof 103 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.5% | 85thof 2,852 top third | 75thof 65 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 51 days | 48thof 2,373 middle third | 33rdof 84 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -4.3× | 98thof 1,524 top third | 99thof 79 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.9× | 65thof 2,243 middle third | 33rdof 92 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -5.9% | 56thof 3,845 middle third | 71stof 110 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -7.2% | 71stof 3,301 top third | 84thof 58 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 48 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-03-31 | 26,749 shares 10-Q 2020-05-11 | 26,749,000 shares 10-Q 2021-05-07 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-06-30 | 26,853 shares 10-Q 2020-08-07 | 26,853,000 shares 10-Q 2021-08-09 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-09-30 | 26,769 shares 10-Q 2020-11-06 | 26,769,000 shares 10-Q 2021-11-09 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2020-12-31 | 26,813 shares 10-K 2021-03-16 | 26,813,000 shares 10-K 2022-03-16 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 26,205 shares 10-Q 2022-11-09 | 26,205,000 shares 10-Q 2023-11-08 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-03-31 | 26,108 shares 10-Q 2020-05-11 | 26,108,000 shares 10-Q 2021-05-07 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-06-30 | 26,087 shares 10-Q 2020-08-07 | 26,087,000 shares 10-Q 2021-08-09 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-09-30 | 25,928 shares 10-Q 2020-11-06 | 25,928,000 shares 10-Q 2021-11-09 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2020-12-31 | 26,109 shares 10-K 2021-03-16 | 26,109,000 shares 10-K 2022-03-16 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 25,233 shares 10-Q 2022-11-09 | 25,233,000 shares 10-Q 2023-11-08 | +99900.0% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $10M 10-K 2024-03-14 | $55.1M 10-K 2026-05-01 | +450.5% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | $11.3M 10-K 2025-03-14 | $44.9M 10-K 2026-05-01 | +297.7% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | $1.36M 10-Q 2021-08-09 | $4.54M 10-Q 2022-08-08 | +234.5% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | $12.6M 10-K 2025-03-14 | $35.5M 10-K 2026-05-01 | +182.1% | first · latest |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | $19.5M 10-K 2024-03-14 | $52.2M 10-K 2026-05-01 | +167.4% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | $6.87M 10-Q 2021-11-09 | $17.5M 10-Q 2022-11-09 | +154.1% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-09-30 | 25,514,000 shares 10-Q 2021-11-09 | 25,514 shares 10-Q 2022-11-09 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-09-30 | 25,514,000 shares 10-Q 2021-11-09 | 25,514 shares 10-Q 2022-11-09 | -99.9% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $104M 10-K 2025-03-14 | $193M 10-K 2026-05-01 | +84.6% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | $48.5M 10-Q 2022-08-08 | $11.8M 10-K 2025-03-14 | -75.7% | first · latest · 3 filings carry it |
| Goodwill Goodwill | balance at 2020-12-31 | $25.9M 10-K 2021-03-16 | $10M 10-K 2023-03-15 | -61.4% | first · latest · 6 filings carry it |
| Gross profit GrossProfit | quarter 2022-06-30 | $67.5M 10-Q 2022-08-08 | $29.8M 10-Q 2023-08-08 | -55.8% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-12-31 | $108M 10-K 2024-03-14 | $159M 10-K 2026-05-01 | +47.8% | first · latest · 6 filings carry it |
| Total liabilities Liabilities | balance at 2024-12-31 | $192M 10-K 2025-03-14 | $135M 10-K 2026-05-01 | -29.8% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | $191M 10-K 2025-03-14 | $246M 10-K 2026-05-01 | +29.2% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2021-03-31 | $17.5M 10-Q 2021-05-07 | $12.7M 10-Q 2022-05-09 | -27.8% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | $33.1M 10-K 2022-03-16 | $24.1M 10-K 2023-03-15 | -27.2% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-12-31 | $52.4M 10-K 2022-03-16 | $41.3M 10-K 2023-03-15 | -21.1% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2020-12-31 | $60.8M 10-K 2021-03-16 | $48.4M 10-K 2022-03-16 | -20.4% | first · latest · 5 filings carry it |
| Gross profit GrossProfit | quarter 2021-09-30 | $42.4M 10-Q 2021-11-09 | $34.6M 10-Q 2022-11-09 | -18.3% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for GNE yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.