Centerpoint Energy
CNP · NYSEElectric Services · Fiscal year ends Dec 31
Centerpoint Energy reported revenue of $9.3B in the fiscal year ended Dec 2025, up 9.2% from the year before. Operating income was $2.1B, an operating margin of 22.6%, and net income was $1.1B. Operating cash flow of $2.5B less capital expenditure of $4.9B left free cash flow of −$2.4B. Net debt was $22.9B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $8.3B | $9.3B | $8.6B | $8.6B | $9.3B |
| Cost of revenue | $208M | $204M | $99M | $3M | $4M |
| Gross profit | $8B | $9.1B | $8.5B | $8.5B | $9.3B |
| Operating income | $1.4B | $1.6B | $1.8B | $2B | $2.1B |
| Net interest incomeBanks | – | $4M | $9M | $7M | $11M |
| Interest expense | – | $524M | $701M | $838M | $903M |
| Pre-tax income | $778M | $1.4B | $1.1B | $1.2B | $1.2B |
| Income tax | $110M | $360M | $170M | $195M | $195M |
| Net income | $1.5B | $1.1B | $917M | $1B | $1.1B |
| Diluted EPS | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 |
| Diluted shares | 610M | 632M | 633M | 644M | 656M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $230M | $74M | $90M | $24M | $38M |
| Receivables | $690M | $889M | $710M | $717M | $806M |
| Current assets | $7.4B | $4.7B | $3B | $4.4B | $5.7B |
| Net PP&E | $23.5B | $27.1B | $29.9B | $32.1B | $34.1B |
| Goodwill | $4.3B | $4.3B | $4.2B | $3.9B | $3.6B |
| Total assets | $37.7B | $38.5B | $39.7B | $43.8B | $46.5B |
| Payables | $1.2B | $1.4B | $917M | $1.3B | $1.3B |
| Deferred revenue | $111M | $110M | $111M | $93M | $89M |
| Current liabilities | $4.3B | $5.1B | $3.9B | $4B | $6.3B |
| Short-term debt | $545M | $2B | $1.1B | $566M | $2.4B |
| Long-term debt | $15.6B | $14.8B | $17.6B | $20.4B | $20.6B |
| Shareholders' equity | $9.4B | $10B | $9.7B | $10.7B | $11.2B |
| Backlog (remaining obligations) | $781M | $850M | – | – | – |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $22M | $1.8B | $3.9B | $2.1B | $2.5B |
| Capital expenditure | $3.2B | $4.4B | $4.4B | $4.5B | $4.9B |
| Free cash flow | −$3.1B | −$2.6B | −$524M | −$2.4B | −$2.4B |
| Depreciation & amortisation | $1.3B | $1.3B | $1.4B | $1.4B | $1.5B |
| Acquisitions | $0 | – | – | – | – |
| Dividends paid | $385M | $440M | $485M | $522M | $574M |
| Dividend per share | – | 0.72 | 0.78 | 0.83 | 0.89 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 13.0% | −7.7% | −0.7% | 9.2% |
| Operating income growth (YoY) | – | 14.9% | 12.4% | 13.1% | 6.0% |
| EPS growth (YoY) | – | −30.3% | −13.8% | 15.3% | 1.3% |
| Gross margin | 97.5% | 97.8% | 98.9% | 100.0% | 100.0% |
| Operating margin | 16.5% | 16.8% | 20.4% | 23.3% | 22.6% |
| Net margin | 18.0% | 11.3% | 10.6% | 11.9% | 11.3% |
| Return on equityBlank when equity is negative | 15.8% | 10.5% | 9.5% | 9.6% | 9.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 4.1% | 4.7% | 4.9% | 5.0% | 5.2% |
| Free cash flow margin | −38.1% | −28.0% | −6.1% | −27.8% | −25.5% |
| Cash conversion (CFO ÷ net income) | 0.01x | 1.71x | 4.23x | 2.10x | 2.36x |
| Receivable days | 31 | 35 | 30 | 31 | 32 |
| Payable days | 2099 | 2419 | 3381 | 160600 | 118625 |
| Interest cover | – | 2.99x | 2.51x | 2.37x | 2.34x |
| Debt ÷ equity | 1.71x | 1.68x | 1.93x | 1.97x | 2.06x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $15.9B | $16.8B | $18.5B | $20.9B | $22.9B |
| Current ratio | 1.72x | 0.92x | 0.78x | 1.08x | 0.91x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.