Companhia Energetica De Minas Gerais-CEMIG (CIG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2024, filed May 1, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CIG SEC filings page.
Companhia Energetica De Minas Gerais-CEMIG (CIG) reported $6.4B in revenue for fiscal year 2024, down 15.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Financial Health Signals
Scored against utilities for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Companhia Energetica De Minas Gerais-CEMIG'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.
Companhia Energetica De Minas Gerais-CEMIG's revenue declined 15.2% year-over-year, from $7.6B to $6.4B. This contraction results in a growth score of 26/100.
Companhia Energetica De Minas Gerais-CEMIG carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Companhia Energetica De Minas Gerais-CEMIG's current ratio of 0.86 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Companhia Energetica De Minas Gerais-CEMIG converts 12.1% of revenue into free cash flow ($780.2M). This strong cash generation earns a score of 89/100.
Companhia Energetica De Minas Gerais-CEMIG earns a strong 26.0% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 23.4% the prior year.
Companhia Energetica De Minas Gerais-CEMIG passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Companhia Energetica De Minas Gerais-CEMIG generates $0.77 in operating cash flow ($888.7M OCF vs $1.2B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Companhia Energetica De Minas Gerais-CEMIG generated $6.4B in revenue in fiscal year 2024. This represents a decrease of 15.2% from the prior year.
Companhia Energetica De Minas Gerais-CEMIG reported $1.2B in net income in fiscal year 2024. This represents a decrease of 3.1% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Companhia Energetica De Minas Gerais-CEMIG generated $780.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 32.0% from the prior year.
Companhia Energetica De Minas Gerais-CEMIG held $306.9M in cash against $1.5B in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Companhia Energetica De Minas Gerais-CEMIG's gross margin was 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
Companhia Energetica De Minas Gerais-CEMIG's net profit margin was 17.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.
Companhia Energetica De Minas Gerais-CEMIG's ROE was 26.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.6 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
Companhia Energetica De Minas Gerais-CEMIG invested $485K in research and development in fiscal year 2024. This represents a decrease of 60.8% from the prior year.
Companhia Energetica De Minas Gerais-CEMIG invested $108.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 51.1% from the prior year.
Not reported for fiscal year 2024.
CIG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.4B-15.2% | $7.6B+16.5% | $6.5B+8.0% | $6.0B+24.2% | $4.9B-23.4% | $6.3B+10.5% | $5.7B-12.5% | $6.6B+13.6% | $5.8B+4.5% | $5.5B |
| Cost of Revenue | $5.1B-12.7% | $5.9B+12.2% | $5.2B+8.3% | $4.8B+26.4% | $3.8B-21.6% | $4.9B+7.0% | $4.6B-13.7% | $5.3B+19.0% | $4.4B+11.3% | $4.0B |
| Gross Profit | $1.3B-23.7% | $1.7B+34.1% | $1.3B+6.9% | $1.2B+16.3% | $1.0B-29.3% | $1.5B+23.9% | $1.2B-7.3% | $1.3B-4.5% | $1.3B-13.1% | $1.5B |
| R&D Expenses | $485K-60.8% | $1.2M+8.9% | $1.1M | N/A | $43.3M-12.5% | $49.5M-14.6% | $58.0M-17.6% | $70.3M-2.2% | $71.9M | N/A |
| Interest Expense | $315.5M-7.3% | $340.3M-41.3% | $580.0M+4.4% | $555.3M-13.9% | $645.0M+40.4% | $459.6M-19.8% | $573.1M+5.5% | $543.5M-28.7% | $761.7M+36.8% | $556.7M |
| Income Tax | $362.1M+62.1% | $223.4M+4442.1% | $4.9M-97.1% | $169.7Mn/m | -$180.2M-145.3% | $397.9M+153.1% | $157.2M-19.2% | $194.4M+1816.8% | $10.1M-95.5% | $225.5M |
| Net Income | $1.2B-3.1% | $1.2B+53.5% | $774.1M+15.1% | $672.8M+22.0% | $551.5Mn/m | -$794.7M-281.4% | $438.1M+45.0% | $302.2M+194.4% | $102.7M-83.5% | $623.6M |
| EPS (Basic) | N/A | N/A | $0.35+15.4% | $0.30+21.8% | $0.25-30.6% | $0.36 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: SG&A Expenses, Operating Income, EBITDA, EPS (Diluted), Diluted Shares (Avg).
CIG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7B-14.8% | $11.3B+11.6% | $10.2B+8.8% | $9.3B-10.4% | $10.4B-17.2% | $12.6B-18.5% | $15.4B+20.9% | $12.8B-1.3% | $12.9B | N/A |
| Current Assets | $2.0B-19.1% | $2.4B-4.0% | $2.5B+9.7% | $2.3B-22.0% | $3.0B+15.5% | $2.6B-64.0% | $7.2B+177.9% | $2.6B+1.2% | $2.5B | N/A |
| Cash & Equivalents | $306.9M-3.1% | $316.8M+16.2% | $272.6M+84.2% | $148.0M-54.3% | $323.5M+142.6% | $133.4M-41.9% | $229.6M-26.2% | $311.0M+1.7% | $305.9M | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | $9.7M+4.6% | $9.3M-19.1% | $11.5M-23.8% | $15.1M | N/A |
| Accounts Receivable | $47.9M-11.0% | $53.8M+37.4% | $39.2M | N/A | N/A | N/A | N/A | $71.0M | N/A | N/A |
| Total Liabilities | $5.2B-16.4% | $6.3B+3.7% | $6.0B+3.2% | $5.8B-17.1% | $7.0B-18.2% | $8.6B-23.8% | $11.3B+34.3% | $8.4B-5.8% | $8.9B | N/A |
| Current Liabilities | $2.3B-15.2% | $2.7B+27.3% | $2.1B+10.5% | $1.9B+2.8% | $1.9B-5.2% | $2.0B-67.3% | $6.0B+130.5% | $2.6B-25.7% | $3.5B | N/A |
| Non-Current Liabilities | $2.9B-17.2% | $3.6B-9.1% | $3.9B-0.4% | $3.9B-24.2% | $5.2B-21.3% | $6.6B+24.5% | $5.3B-9.0% | $5.8B+7.1% | $5.4B | N/A |
| Long-Term Debt | $1.5B+2.5% | $1.5B-25.9% | $2.0B-1.8% | $2.0B-18.3% | $2.5B-16.6% | $3.0B-7.6% | $3.2B-10.8% | $3.6B+14.2% | $3.2B | N/A |
| Total Equity | $4.4B-12.9% | $5.1B+23.3% | $4.1B+18.0% | $3.5B+3.7% | $3.4B-14.9% | $4.0B+5.2% | $3.8B-13.1% | $4.3B+8.8% | $4.0B+21.2% | $3.3B |
| Retained Earnings | $2.2B-18.3% | $2.7B+36.7% | $2.0B+0.1% | $2.0B+1.4% | $1.9B-11.0% | $2.2B+32.8% | $1.6B-5.2% | $1.7B+8.2% | $1.6B+35.7% | $1.2B |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
CIG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $888.7M-35.1% | $1.4B+10.6% | $1.2B+87.3% | $661.0M-60.1% | $1.7B+227.1% | $506.6M+95.0% | $259.8M+48.3% | $175.1M-53.0% | $372.9M-50.9% | $759.7M |
| Depreciation & Amortization | $222.5M-15.3% | $262.6M+17.4% | $223.6M+18.8% | $188.2M-1.2% | $190.4M-20.1% | $238.4M+8.8% | $219.0M-14.6% | $256.6M+0.1% | $256.4M+21.6% | $210.9M |
| Capital Expenditures | $108.5M-51.1% | $221.8M+577.6% | $32.7M+0.3% | $32.6M+28.4% | $25.4M+45.9% | $17.4M-12.2% | $19.8M-20.8% | $25.1M-32.1% | $36.9M+15.9% | $31.8M |
| Free Cash Flow | $780.2M-32.0% | $1.1B-4.8% | $1.2B+91.8% | $628.4M-61.5% | $1.6B+233.6% | $489.2M+103.9% | $239.9M+59.9% | $150.1M-55.3% | $336.0M-53.8% | $727.9M |
| Investing Cash Flow | -$384.2Mn/m | -$818.0Mn/m | -$593.3Mn/m | -$245.7Mn/m | -$977.4Mn/m | -$295.6Mn/m | -$54.4Mn/m | -$116.5Mn/m | -$188.7Mn/m | -$812.5M |
| Financing Cash Flow | -$446.2Mn/m | -$531.9Mn/m | -$528.2Mn/m | -$1.1Bn/m | -$459.6Mn/m | -$299.3Mn/m | -$241.2Mn/m | -$48.0Mn/m | -$162.6M-360.7% | $62.4M |
| Dividends Paid | $304.8M+177.5% | $109.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
CIG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.5%-2.3pp | 22.8%+3.0pp | 19.8%-0.2pp | 20.0%-1.4pp | 21.3%-1.8pp | 23.1%+2.5pp | 20.6%+1.2pp | 19.4%-3.7pp | 23.1%-4.7pp | 27.8% |
| Net Margin | 17.9%+2.2pp | 15.6%+3.8pp | 11.9%+0.7pp | 11.2%-0.2pp | 11.3%+23.9pp | -12.5%-20.2pp | 7.6%+3.0pp | 4.6%+2.8pp | 1.8%-9.5pp | 11.3% |
| Return on Equity | 26.0%+2.6pp | 23.4%+4.6pp | 18.8%-0.5pp | 19.3%+2.9pp | 16.4%+36.5pp | -20.1%-31.8pp | 11.7%+4.7pp | 7.0%+4.4pp | 2.6%-16.4pp | 19.0% |
| Return on Assets | 11.9%+1.4pp | 10.5%+2.9pp | 7.6%+0.4pp | 7.2%+1.9pp | 5.3%+11.6pp | -6.3%-9.2pp | 2.8%+0.5pp | 2.4%+1.6pp | 0.8% | N/A |
| Current Ratio | 0.860.0x | 0.91-0.3x | 1.200.0x | 1.21-0.4x | 1.59+0.3x | 1.31+0.1x | 1.19+0.2x | 0.99+0.3x | 0.72 | N/A |
| Debt-to-Equity | 0.34+0.1x | 0.29-0.2x | 0.49-0.1x | 0.58-0.2x | 0.740.0x | 0.76-0.1x | 0.860.0x | 0.840.0x | 0.80 | N/A |
| Liabilities-to-Equity | 1.180.0x | 1.23-0.2x | 1.46-0.2x | 1.67-0.4x | 2.09-0.1x | 2.18-0.8x | 3.01+1.1x | 1.95-0.3x | 2.25 | N/A |
| Asset Turnover | 0.670.0x | 0.670.0x | 0.640.0x | 0.65+0.2x | 0.470.0x | 0.50+0.1x | 0.37-0.1x | 0.51+0.1x | 0.45 | N/A |
| FCF Margin | 12.1%-3.0pp | 15.1%-3.4pp | 18.5%+8.1pp | 10.4%-23.2pp | 33.6%+25.9pp | 7.7%+3.5pp | 4.2%+1.9pp | 2.3%-3.5pp | 5.8%-7.4pp | 13.2% |
Not reported in any period shown, so not listed: Operating Margin.
Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Companhia Energetica De Minas Gerais-CEMIG CIG | FY2024 | $6.4B | $1.2B | 17.9% | $5.3B | 72/100 |
| AES Corporation AES | FY2025 | $12.2B | $910.0M | 7.4% | $10.7B | 32/100 |
| Algonquin Power & Utilities Corp AQN | FY2025 | $2.4B | $180.8M | 7.4% | $4.2B | 40/100 |
| Avista Corporation AVA | FY2025 | $2.0B | $193.0M | 9.8% | $3.1B | 58/100 |
| Brookfield Infrastructure Partners L.P. Limited Partnership Units BIP | FY2025 | $23.1B | $2.5B | 11.0% | $17.2B | 73/100 |
Where Companhia Energetica De Minas Gerais-CEMIG Ranks
Frequently Asked Questions
What is Companhia Energetica De Minas Gerais-CEMIG's annual revenue?
Companhia Energetica De Minas Gerais-CEMIG (CIG) reported $6.4B in total revenue for fiscal year 2024. This represents a -15.2% 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 Companhia Energetica De Minas Gerais-CEMIG's revenue growing?
Companhia Energetica De Minas Gerais-CEMIG (CIG) revenue declined by 15.2% year-over-year, from $7.6B to $6.4B in fiscal year 2024.
Is Companhia Energetica De Minas Gerais-CEMIG profitable?
Yes, Companhia Energetica De Minas Gerais-CEMIG (CIG) reported a net income of $1.2B in fiscal year 2024, with a net profit margin of 17.9%.
How much debt does Companhia Energetica De Minas Gerais-CEMIG have?
As of fiscal year 2024, Companhia Energetica De Minas Gerais-CEMIG (CIG) had $306.9M in cash and equivalents against $1.5B in long-term debt.
What is Companhia Energetica De Minas Gerais-CEMIG's gross margin?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a gross margin of 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Companhia Energetica De Minas Gerais-CEMIG's net profit margin?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a net profit margin of 17.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Companhia Energetica De Minas Gerais-CEMIG's return on equity (ROE)?
Companhia Energetica De Minas Gerais-CEMIG (CIG) has a return on equity of 26.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Companhia Energetica De Minas Gerais-CEMIG's free cash flow?
Companhia Energetica De Minas Gerais-CEMIG (CIG) generated $780.2M in free cash flow during fiscal year 2024. This represents a -32.0% 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 Companhia Energetica De Minas Gerais-CEMIG's operating cash flow?
Companhia Energetica De Minas Gerais-CEMIG (CIG) generated $888.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Companhia Energetica De Minas Gerais-CEMIG's total assets?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had $9.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Companhia Energetica De Minas Gerais-CEMIG's capital expenditures?
Companhia Energetica De Minas Gerais-CEMIG (CIG) invested $108.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Companhia Energetica De Minas Gerais-CEMIG spend on research and development?
Companhia Energetica De Minas Gerais-CEMIG (CIG) invested $485K in research and development during fiscal year 2024.
What is Companhia Energetica De Minas Gerais-CEMIG's current ratio?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a current ratio of 0.86 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Companhia Energetica De Minas Gerais-CEMIG's debt-to-equity ratio?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a debt-to-equity ratio of 0.34 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Companhia Energetica De Minas Gerais-CEMIG's liabilities-to-equity ratio?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a liabilities-to-equity ratio of 1.18 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Companhia Energetica De Minas Gerais-CEMIG's return on assets (ROA)?
Companhia Energetica De Minas Gerais-CEMIG (CIG) had a return on assets of 11.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Companhia Energetica De Minas Gerais-CEMIG's P/E ratio?
Companhia Energetica De Minas Gerais-CEMIG (CIG) trades at 4.6x earnings, its market capitalization divided by $1.2B net income, FY2024. The market capitalization is $5.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Companhia Energetica De Minas Gerais-CEMIG's price-to-sales ratio?
Companhia Energetica De Minas Gerais-CEMIG (CIG) trades at 0.8x sales, its market capitalization divided by $6.4B revenue, FY2024. The market capitalization is $5.3B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Companhia Energetica De Minas Gerais-CEMIG's Piotroski F-Score?
Companhia Energetica De Minas Gerais-CEMIG (CIG) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Companhia Energetica De Minas Gerais-CEMIG's earnings high quality?
Companhia Energetica De Minas Gerais-CEMIG (CIG) has an earnings quality ratio of 0.77x, 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.
How financially healthy is Companhia Energetica De Minas Gerais-CEMIG?
Companhia Energetica De Minas Gerais-CEMIG (CIG) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.