Sempra
SRE · NYSEGas & Other Services Combined · Fiscal year ends Dec 31
Sempra reported revenue of $12.4B in the fiscal year ended Dec 2025, up 5.1% from the year before. Net income was $1.8B. Operating cash flow of $4.6B less capital expenditure of $10.6B left free cash flow of −$6B. Net debt was $33.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $11.7B | $13.7B | $14.8B | $11.8B | $12.4B |
| Interest expense | $1.2B | $1.1B | $1.3B | $1B | $1.5B |
| Pre-tax income | $833M | $2B | $3.3B | $2.7B | $1.8B |
| Income tax | $99M | $556M | $490M | $219M | $701M |
| Net income | $1.3B | $2.1B | $3.1B | $2.9B | $1.8B |
| Diluted EPS | 2.01 | 3.31 | 4.79 | 4.42 | 2.75 |
| Diluted shares | 626M | 633M | 633M | 638M | 654M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $559M | $370M | $236M | $1.6B | $29M |
| Receivables | $2.1B | $2.6B | $2.2B | $2B | $1.8B |
| Inventory | $389M | $403M | $482M | $559M | $561M |
| Current assets | $4.4B | $5.9B | $5.5B | $5.3B | $34.8B |
| Net PP&E | $43.9B | $47.8B | – | – | – |
| Goodwill | $1.6B | $1.6B | $1.6B | $1.6B | $0 |
| Total assets | $72B | $78.6B | $87.2B | $96.2B | $111B |
| Deferred revenue | $278M | $252M | $198M | $196M | $68M |
| Current liabilities | $10B | $9.9B | $10.1B | $9.7B | $21.9B |
| Short-term debt | $3.5B | $3.4B | $2.3B | $2B | $4.2B |
| Long-term debt | $21.1B | $24.5B | $27.8B | $31.6B | $29B |
| Shareholders' equity | $26B | $27.1B | $28.7B | $31.2B | $31.6B |
| Backlog (remaining obligations) | $6.1B | $6B | $3B | $3.5B | – |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $3.8B | $1.1B | $6.2B | $4.9B | $4.6B |
| Capital expenditure | $5B | $5.4B | $8.4B | $8.2B | $10.6B |
| Free cash flow | −$1.2B | −$4.2B | −$2.2B | −$3.3B | −$6B |
| Depreciation & amortisation | $1.9B | $2B | $2.2B | $2.4B | $2.6B |
| Stock-based compensation | $63M | $71M | $80M | $86M | $64M |
| Share buybacks | $339M | $478M | $32M | $43M | $58M |
| Dividends paid | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B |
| Dividend per share | 2.20 | 2.29 | 2.38 | 2.48 | 2.58 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 17.5% | 8.2% | −20.4% | 5.1% |
| EPS growth (YoY) | – | 64.7% | 44.7% | −7.7% | −37.8% |
| Net margin | 11.3% | 15.6% | 20.7% | 24.2% | 14.8% |
| Return on equityBlank when equity is negative | 5.1% | 7.9% | 10.7% | 9.2% | 5.8% |
| Free cash flow margin | −10.0% | −30.7% | −14.7% | −28.0% | −48.7% |
| Cash conversion (CFO ÷ net income) | 2.92x | 0.53x | 2.02x | 1.71x | 2.49x |
| Receivable days | 65 | 70 | 53 | 61 | 52 |
| Debt ÷ equity | 0.94x | 1.03x | 1.05x | 1.08x | 1.05x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $24B | $27.5B | $29.9B | $32B | $33.1B |
| Current ratio | 0.44x | 0.60x | 0.54x | 0.55x | 1.59x |
Recent filings
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.