Centrus Energy Financials
This page shows Centrus Energy (LEU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet expansion rather than core-margin improvement is the clearest story, leaving a far more cash-heavy and debt-funded company.
From FY2023 to FY2025, revenue grew40.1% while operating income stayed near$50M , so the business got bigger without becoming much more profitable on each sales dollar. The jump to$1.96B of cash sits beside$1.22B of financing inflow in FY2025, showing the larger balance sheet was built mainly with external capital rather than operating cash.
Gross profit barely moved from
Cash conversion remains incomplete: FY2025 operating cash flow was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Centrus Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Centrus Energy has an operating margin of 11.2%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is up from 10.9% the prior year.
Centrus Energy's revenue grew a modest 1.5% year-over-year to $448.7M. This slow but positive growth earns a score of 64/100.
Centrus Energy carries a low D/E ratio of 1.54, meaning only $1.54 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.59, Centrus Energy holds $5.59 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Centrus Energy has a free cash flow margin of 7.0%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Centrus Energy earns a strong 10.2% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 44.6% the prior year.
Centrus Energy scores 2.66, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($4.1B) relative to total liabilities ($1.7B). This signals moderate financial risk that warrants monitoring.
Centrus Energy passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Centrus Energy generates $0.65 in operating cash flow ($51.0M OCF vs $78.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Centrus Energy earns $4.0 in operating income for every $1 of interest expense ($50.2M vs $12.5M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Centrus Energy generated $448.7M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.
Centrus Energy's EBITDA was $60.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.2% from the prior year.
Centrus Energy reported $78.0M in net income in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Centrus Energy earned $3.90 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 12.8% from the prior year.
Cash & Balance Sheet
Centrus Energy generated $31.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 4.9% from the prior year.
Centrus Energy held $2.0B in cash against $1.2B in long-term debt as of fiscal year 2025.
Margins & Returns
Centrus Energy's gross margin was 26.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Centrus Energy's operating margin was 11.2% in fiscal year 2025, reflecting core business profitability. This is up 0.3 percentage points from the prior year.
Centrus Energy's net profit margin was 17.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Centrus Energy's ROE was 10.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 34.4 percentage points from the prior year.
Capital Allocation
Centrus Energy invested $16.9M in research and development in fiscal year 2025. This represents a decrease of 1.7% from the prior year.
Centrus Energy invested $19.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 380.5% from the prior year.
LEU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $76.7M-47.5% | $146.2M+95.2% | $74.9M-51.5% | $154.5M+111.4% | $73.1M-51.8% | $151.6M+162.7% | $57.7M-69.5% | $189.0M |
| Cost of Revenue | $45.2M-59.4% | $111.2M+40.4% | $79.2M-21.3% | $100.6M+150.2% | $40.2M-55.2% | $89.8M+84.0% | $48.8M-68.0% | $152.5M |
| Gross Profit | $31.5M-10.0% | $35.0M+914.0% | -$4.3M-108.0% | $53.9M+63.8% | $32.9M-46.8% | $61.8M+594.4% | $8.9M-75.6% | $36.5M |
| R&D Expenses | $18.9M+112.4% | $8.9M+423.5% | $1.7M-48.5% | $3.3M+10.0% | $3.0M-9.1% | $3.3M-19.5% | $4.1M0.0% | $4.1M |
| SG&A Expenses | $10.0M+2.0% | $9.8M+10.1% | $8.9M-3.3% | $9.2M+10.8% | $8.3M-18.6% | $10.2M+6.3% | $9.6M+35.2% | $7.1M |
| Operating Income | $800K-93.8% | $12.8M+177.1% | -$16.6M-149.6% | $33.5M+63.4% | $20.5M-54.5% | $45.1M+693.4% | -$7.6M-136.0% | $21.1M |
| Interest Expense | $4.0M+53.8% | $2.6M-23.5% | $3.4M+9.7% | $3.1M-8.8% | $3.4M+325.0% | $800K+700.0% | $100K-66.7% | $300K |
| Income Tax | $2.5M-28.6% | $3.5M+129.4% | -$11.9M-240.0% | $8.5M+6.3% | $8.0M+235.6% | -$5.9M-555.6% | -$900K-110.1% | $8.9M |
| Net Income | $10.0M-44.4% | $18.0M+361.5% | $3.9M-86.5% | $28.9M+6.3% | $27.2M-48.2% | $52.5M+1150.0% | -$5.0M-116.3% | $30.6M |
| EPS (Diluted) | $0.45 | N/A | $0.19-88.1% | $1.59-0.6% | $1.60 | N/A | $-0.30-115.9% | $1.89 |
LEU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B-0.5% | $2.4B+9.0% | $2.2B+70.7% | $1.3B+1.6% | $1.3B+18.3% | $1.1B+85.0% | $591.0M-11.6% | $668.2M |
| Current Assets | $2.3B-2.9% | $2.4B+9.2% | $2.2B+73.1% | $1.3B+2.3% | $1.2B+20.4% | $1.0B+96.4% | $516.9M-12.8% | $592.5M |
| Cash & Equivalents | $1.9B-4.5% | $2.0B+19.9% | $1.6B+95.9% | $833.0M+27.6% | $653.0M-2.7% | $671.4M+245.5% | $194.3M-14.4% | $227.0M |
| Inventory | $336.0M+4.1% | $322.9M-22.4% | $416.3M+29.9% | $320.5M-25.4% | $429.6M+165.8% | $161.6M-15.3% | $190.7M-2.4% | $195.3M |
| Accounts Receivable | $41.8M+36.2% | $30.7M-49.4% | $60.7M+93.9% | $31.3M-19.1% | $38.7M-51.6% | $80.0M+318.8% | $19.1M-44.6% | $34.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7B-1.4% | $1.7B-10.7% | $1.9B+96.9% | $955.7M-11.5% | $1.1B+15.9% | $932.0M+81.1% | $514.6M-13.0% | $591.6M |
| Current Liabilities | $401.3M-5.1% | $422.8M-32.5% | $626.2M+29.9% | $482.2M-16.5% | $577.8M+66.6% | $346.8M+9.4% | $316.9M-18.6% | $389.5M |
| Long-Term Debt | $1.2B+0.1% | $1.2B+0.1% | $1.2B+200.9% | $390.0M+0.1% | $389.5M-17.6% | $472.5M+465.9% | $83.5M-3.5% | $86.5M |
| Total Equity | $775.2M+1.3% | $765.1M+110.7% | $363.1M+1.1% | $359.1M+67.9% | $213.9M+32.5% | $161.4M+111.3% | $76.4M-0.3% | $76.6M |
| Retained Earnings | $11.5M+666.7% | $1.5M+109.2% | -$16.3M+19.3% | -$20.2M+58.9% | -$49.1M+35.6% | -$76.3M+41.3% | -$130.0M-4.0% | -$125.0M |
LEU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$35.1M+27.5% | -$48.4M-579.2% | $10.1M-80.9% | $52.8M+44.7% | $36.5M-37.0% | $57.9M+274.4% | -$33.2M-574.3% | $7.0M |
| Capital Expenditures | $23.2M+141.7% | $9.6M+118.2% | $4.4M+22.2% | $3.6M+71.4% | $2.1M+200.0% | $700K-30.0% | $1.0M+11.1% | $900K |
| Free Cash Flow | -$58.3M-0.5% | -$58.0M-1117.5% | $5.7M-88.4% | $49.2M+43.0% | $34.4M-39.9% | $57.2M+267.3% | -$34.2M-660.7% | $6.1M |
| Investing Cash Flow | -$23.2M-141.7% | -$9.6M-118.2% | -$4.4M-22.2% | -$3.6M-71.4% | -$2.1M-200.0% | -$700K+30.0% | -$1.0M-11.1% | -$900K |
| Financing Cash Flow | -$300K-100.1% | $383.5M-50.9% | $781.8M+596.8% | $112.2M+313.3% | -$52.6M-112.5% | $419.7M+29878.6% | $1.4M-87.9% | $11.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LEU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1%+17.1pp | 23.9%+29.7pp | -5.7%-40.6pp | 34.9%-10.1pp | 45.0%+4.2pp | 40.8%+25.4pp | 15.4%-3.9pp | 19.3% |
| Operating Margin | 1.0%-7.7pp | 8.8%+30.9pp | -22.2%-43.8pp | 21.7%-6.4pp | 28.0%-1.7pp | 29.8%+42.9pp | -13.2%-24.3pp | 11.2% |
| Net Margin | 13.0%+0.7pp | 12.3%+7.1pp | 5.2%-13.5pp | 18.7%-18.5pp | 37.2%+2.6pp | 34.6%+43.3pp | -8.7%-24.9pp | 16.2% |
| Return on Equity | 1.3%-1.1pp | 2.4%+1.3pp | 1.1%-7.0pp | 8.1%-4.7pp | 12.7%-19.8pp | 32.5%+39.1pp | -6.5%-46.5pp | 40.0% |
| Return on Assets | 0.4%-0.3pp | 0.7%+0.6pp | 0.2%-2.0pp | 2.2%+0.1pp | 2.1%-2.7pp | 4.8%+5.7pp | -0.9%-5.4pp | 4.6% |
| Current Ratio | 5.72+0.1 | 5.59+2.1 | 3.46+0.9 | 2.59+0.5 | 2.12-0.8 | 2.93+1.3 | 1.63+0.1 | 1.52 |
| Debt-to-Equity | 1.52-0.0 | 1.54-1.7 | 3.23+2.1 | 1.09-0.7 | 1.82-1.1 | 2.93+1.8 | 1.09-0.0 | 1.13 |
| FCF Margin | -76.0%-36.3pp | -39.7%-47.3pp | 7.6%-24.2pp | 31.8%-15.2pp | 47.1%+9.3pp | 37.7%+97.0pp | -59.3%-62.5pp | 3.2% |
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Frequently Asked Questions
What is Centrus Energy's annual revenue?
Centrus Energy (LEU) reported $448.7M in total revenue for fiscal year 2025. This represents a 1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Centrus Energy's revenue growing?
Centrus Energy (LEU) revenue grew by 1.5% year-over-year, from $442.0M to $448.7M in fiscal year 2025.
Is Centrus Energy profitable?
Yes, Centrus Energy (LEU) reported a net income of $78.0M in fiscal year 2025, with a net profit margin of 17.4%.
What is Centrus Energy's EBITDA?
Centrus Energy (LEU) had EBITDA of $60.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Centrus Energy have?
As of fiscal year 2025, Centrus Energy (LEU) had $2.0B in cash and equivalents against $1.2B in long-term debt.
What is Centrus Energy's gross margin?
Centrus Energy (LEU) had a gross margin of 26.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Centrus Energy's operating margin?
Centrus Energy (LEU) had an operating margin of 11.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Centrus Energy's net profit margin?
Centrus Energy (LEU) had a net profit margin of 17.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Centrus Energy's return on equity (ROE)?
Centrus Energy (LEU) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Centrus Energy's free cash flow?
Centrus Energy (LEU) generated $31.3M in free cash flow during fiscal year 2025. This represents a -4.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Centrus Energy's operating cash flow?
Centrus Energy (LEU) generated $51.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Centrus Energy's total assets?
Centrus Energy (LEU) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Centrus Energy's capital expenditures?
Centrus Energy (LEU) invested $19.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Centrus Energy spend on research and development?
Centrus Energy (LEU) invested $16.9M in research and development during fiscal year 2025.
What is Centrus Energy's current ratio?
Centrus Energy (LEU) had a current ratio of 5.59 as of fiscal year 2025, which is generally considered healthy.
What is Centrus Energy's debt-to-equity ratio?
Centrus Energy (LEU) had a debt-to-equity ratio of 1.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Centrus Energy's return on assets (ROA)?
Centrus Energy (LEU) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Centrus Energy's Altman Z-Score?
Centrus Energy (LEU) has an Altman Z-Score of 2.66, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Centrus Energy's Piotroski F-Score?
Centrus Energy (LEU) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Centrus Energy's earnings high quality?
Centrus Energy (LEU) has an earnings quality ratio of 0.65x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Centrus Energy cover its interest payments?
Centrus Energy (LEU) has an interest coverage ratio of 4.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Centrus Energy?
Centrus Energy (LEU) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.