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Centrus Energy Financials

LEU
FY2025 annual
Revenue $448.7M +1.5% YoY
Net Income $78.0M +8.3% YoY
EPS (Diluted) $3.90 -12.8% YoY
Free Cash Flow $31.3M -4.9% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Centrus Energy (LEU) reported $448.7M in revenue for fiscal year 2025, up 1.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI LEU FY2025

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 grew 40.1% 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 $112M in FY2023 to $118M in FY2025, which means incremental sales dollars were not bringing proportionate gross profit with them. That margin compression to 26.2% from 35.0% looks more like changing mix or contract economics than classic scale benefits.

Cash conversion remains incomplete: FY2025 operating cash flow was $51M against net income of $78M, which limits how much reported profit funds the business by itself. At the same time, a 5.6x current ratio coexists with long-term debt of $1.17B, meaning near-term obligations look well covered even as the permanent capital structure relies more on borrowing.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 70 / 100
Financial Health Score 70/100
Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 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.

Profitability
55
Growth
83
Leverage
100
Liquidity
93
Cash Flow
48
Returns
42
Altman Z-Score Grey Zone
2.53

Centrus Energy scores 2.53, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.7B) relative to total liabilities ($1.7B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/8

Centrus Energy passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
0.65x

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.

Interest Coverage Adequate
4.02x

Centrus Energy earns $4.02 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

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Earnings & Revenue

Revenue
$448.7M
YoY+1.5%
5Y CAGR+12.7%
10Y CAGR+0.7%

Centrus Energy generated $448.7M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.

EBITDA
$60.1M
YoY+2.2%
5Y CAGR+0.6%

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.

Net Income
$78.0M
YoY+8.3%
5Y CAGR+7.5%

Centrus Energy reported $78.0M in net income in fiscal year 2025. This represents an increase of 8.3% from the prior year.

EPS (Diluted)
$3.90
YoY-12.8%

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

Free Cash Flow
$31.3M
YoY-4.9%
5Y CAGR-13.8%
10Y CAGR+14.3%

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.

Cash & Debt
$2.0B
YoY+191.5%
5Y CAGR+66.7%
10Y CAGR+23.7%

Centrus Energy held $2.0B in cash against $1.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
26.2%
YoY+1.0pp
5Y CAGR-13.3pp
10Y CAGR+9.7pp

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.

Operating Margin
11.2%
YoY+0.3pp
5Y CAGR-9.4pp
10Y CAGR+51.5pp

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.

Net Margin
17.4%
YoY+1.1pp
5Y CAGR-4.6pp
10Y CAGR+62.2pp

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.

Return on Equity
10.2%
YoY-34.4pp

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

R&D Spending
$16.9M
YoY-1.7%
5Y CAGR+43.3%
10Y CAGR-6.5%

Centrus Energy invested $16.9M in research and development in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

Capital Expenditures
$19.7M
YoY+380.5%
5Y CAGR+69.7%
10Y CAGR+52.0%

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.

Share Buybacks

Not reported for fiscal year 2025.

LEU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LEU annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$473.9M$448.7M+1.5%$442.0M+38.0%$320.2M+9.0%$293.8M-1.5%$298.3M+20.7%$247.2M+17.9%$209.7M+8.7%$193.0M-11.6%$218.4M-29.8%$311.3M-25.6%$418.2M-18.7%$514.1M-60.7%$1.3B-29.8%$1.9B+16.3%$1.6B
Cost of Revenue$361.8M$331.2M+0.2%$330.5M+58.8%$208.1M+18.3%$175.9M-4.3%$183.8M+22.9%$149.6M-15.6%$177.2M-16.0%$210.9M+12.1%$188.2M-29.3%$266.2M-23.8%$349.3MN/A$1.4B-19.1%$1.7B+13.6%$1.5B
Gross Profit$112.1M$117.5M+5.4%$111.5M-0.5%$112.1M-4.9%$117.9M+3.0%$114.5M+17.3%$97.6M+200.3%$32.5M+281.6%-$17.9M-159.3%$30.2M-33.0%$45.1M-34.5%$68.9M+266.8%-$41.3M+56.5%-$94.9M-173.3%$129.4M+71.6%$75.4M
R&D Expenses$40.3M$16.9M-1.7%$17.2M+21.1%$14.2M-4.1%$14.8M+604.8%$2.1M-25.0%$2.8M-80.8%$14.6M-44.1%$26.1M+66.2%$15.7M-67.2%$47.9M+45.2%$33.0MN/A$186.1M-85.8%$1.3B+383.5%$271.6M
SG&A Expenses$50.7M$36.2M+3.4%$35.0M-5.1%$36.9M+8.8%$33.9M-5.8%$36.0M0.0%$36.0M+6.8%$33.7M-15.5%$39.9M-8.7%$43.7M-5.4%$46.2M+8.5%$42.6MN/A$46.8M-7.0%$50.3M-10.8%$56.4M
Operating Income$7.4M$50.2M+4.6%$48.0M-8.4%$52.4M-12.2%$59.7M-12.6%$68.3M+33.9%$51.0M+358.9%-$19.7M+78.7%-$92.4M-106.7%-$44.7M+27.6%-$61.7M+63.4%-$168.4MN/A-$230.7M+80.0%-$1.2B-363.8%-$248.9M
Interest Expense$14.2M$12.5M+681.3%$1.6M$0-100.0%$500K+400.0%$100K0.0%$100K-96.7%$3.0M-26.8%$4.1M-22.6%$5.3M-73.1%$19.7M+0.5%$19.6MN/A$40.1M-20.4%$50.4M+334.5%$11.6M
Income Tax-$1.1M$8.1M+4150.0%-$200K-300.0%$100K-99.4%$15.6M+139.9%-$39.1M-2692.9%-$1.4M-566.7%$300K$0+100.0%-$100K+83.3%-$600K-100.0%-$300KN/A-$86.5M-8550.0%-$1.0M-100.4%$231.8M
Net Income$48.7M$78.0M+8.3%$72.0M-14.3%$84.0M+61.5%$52.0M-70.3%$175.0M+221.7%$54.4M+429.7%-$16.5M+84.1%-$104.1M-953.3%$12.2M+118.2%-$67.0M+64.2%-$187.4MN/A-$158.9M+86.8%-$1.2B-144.5%-$491.1M
EPS (Diluted)$3.90-12.8%$4.47-17.8%$5.44+60.9%$3.38-65.3%$9.75$0.57-$2.54N/A$0.58N/AN/AN/A-$32.43-$9.84-141.8%-$4.07

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

LEU Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LEU annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$2.4B+123.7%$1.1B+37.3%$796.2M+12.9%$705.5M+23.3%$572.4M+17.7%$486.3M+6.7%$455.9M-20.3%$571.7M-15.3%$675.3M-5.4%$713.5M-13.0%$820.1M-29.2%$1.2B-32.1%$1.7B-24.7%$2.3B-36.1%$3.5B
Current Assets$2.4B+132.8%$1.0B+48.1%$685.4M+16.7%$587.1M+26.0%$465.9M+14.7%$406.1M+9.9%$369.6M-23.7%$484.5M-14.5%$566.9M+1.1%$560.6M-14.8%$658.0M-21.9%$842.4M-48.4%$1.6B-24.3%$2.2B-1.6%$2.2B
Cash & Equivalents$2.0B+191.5%$671.4M+233.7%$201.2M+11.8%$179.9M-7.2%$193.8M+27.5%$152.0M+16.3%$130.7M+6.2%$123.1M-41.0%$208.8M-19.9%$260.7M+11.4%$234.0M+6.9%$218.8M-30.4%$314.2M+7.3%$292.9M+679.0%$37.6M
Inventory$322.9M+99.8%$161.6M-47.3%$306.4M+46.5%$209.2M+129.6%$91.1M+40.6%$64.8M+0.5%$64.5M-50.3%$129.7M-15.3%$153.1M-13.7%$177.4M-44.4%$319.2M-30.9%$462.2M-52.2%$967.6M-39.3%$1.6B-9.1%$1.8B
Accounts Receivable$30.7M-61.6%$80.0M+61.9%$49.4M+29.7%$38.1M+30.9%$29.1M-1.7%$29.6M+40.3%$21.1M-65.0%$60.2M0.0%$60.2M+202.5%$19.9M-24.9%$26.5M-55.0%$58.9M-63.9%$163.0M+20.9%$134.8M-16.8%$162.0M
GoodwillN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A$0-100.0%$137.2M$0-100.0%$6.8M0.0%$6.8M
Total Liabilities$1.7B+80.3%$932.0M+22.0%$763.9M-2.0%$779.6M+9.1%$714.3M-11.5%$806.9M+1.8%$792.8M-11.3%$893.6M-0.1%$894.2M-5.8%$949.6M-3.7%$985.8M-13.2%$1.1B-47.5%$2.2B-21.0%$2.7B-2.1%$2.8B
Current Liabilities$422.8M+21.9%$346.8M-26.4%$471.1M+4.9%$449.2M+14.2%$393.3M+7.4%$366.1M+8.7%$336.8M-23.2%$438.7M+8.8%$403.4M+23.9%$325.7M-7.0%$350.3M-22.2%$450.4M-74.9%$1.8B+11.1%$1.6B+2.5%$1.6B
Long-Term Debt$1.2B+148.6%$472.5M+427.3%$89.6M-6.4%$95.7M-6.0%$101.8M-5.7%$108.0M-5.3%$114.1M-5.1%$120.2M-23.7%$157.5M-32.7%$234.1M-5.2%$247.0M+3.0%$239.7MN/A$530.0M0.0%$530.0M
Total Equity$765.1M+374.0%$161.4M+399.7%$32.3M+143.6%-$74.1M+47.8%-$141.9M+55.7%-$320.6M+4.8%-$336.9M-4.7%-$321.9M-47.1%-$218.9M+7.3%-$236.1M-42.5%-$165.7M-867.1%$21.6M+104.7%-$458.2M+3.1%-$472.9M-162.9%$752.4M
Retained Earnings$1.5M+102.0%-$76.3M+49.0%-$149.5M+36.1%-$233.9M+17.8%-$284.6M+30.2%-$407.7M-0.7%-$405.0M-4.2%-$388.5M-36.6%-$284.5M+4.1%-$296.7M-29.2%-$229.7M-443.0%-$42.3M+97.2%-$1.5B-11.7%-$1.4B-744.8%-$161.2M

LEU Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LEU annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow-$55.0M$51.0M+37.8%$37.0M+306.6%$9.1M-55.8%$20.6M-58.8%$50.0M-25.5%$67.1M+493.8%$11.3M+115.2%-$74.4M-362.1%-$16.1M-142.7%$37.7M+343.5%$8.5MN/A$81.2M-43.2%$142.9M+153.8%$56.3M
Capital Expenditures$108.8M$19.7M+380.5%$4.1M+156.3%$1.6M+128.6%$700K-41.7%$1.2M-14.3%$1.4M+1300.0%$100K0.0%$100K-80.0%$500K-83.3%$3.0M+900.0%$300KN/A$0-100.0%$4.3M-97.2%$152.8M
Free Cash Flow-$163.8M$31.3M-4.9%$32.9M+338.7%$7.5M-62.3%$19.9M-59.2%$48.8M-25.7%$65.7M+486.6%$11.2M+115.0%-$74.5M-348.8%-$16.6M-147.8%$34.7M+323.2%$8.2MN/A$81.2M-41.4%$138.6M+243.6%-$96.5M
Investing Cash Flow-$108.8M-$19.7M-380.5%-$4.1M-156.3%-$1.6M-128.6%-$700K+41.7%-$1.2M+14.3%-$1.4M-333.3%$600K+50.0%$400K-90.5%$4.2M+450.0%-$1.2M-117.9%$6.7MN/A$25.7M-79.4%$124.8M+176.5%-$163.2M
Financing Cash Flow$1.2B$1.2B+180.2%$437.1M+3044.6%$13.9M+423.3%-$4.3M+56.6%-$9.9M+77.7%-$44.4M-26.9%-$35.0M-215.3%-$11.1M+72.3%-$40.0M-308.2%-$9.8M$0N/A-$85.6M-590.3%-$12.4M-90.8%-$6.5M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

LEU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LEU annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross Margin26.2%+1.0pp25.2%-9.8pp35.0%-5.1pp40.1%+1.8pp38.4%-1.1pp39.5%+24.0pp15.5%+24.8pp-9.3%-23.1pp13.8%-0.7pp14.5%-2.0pp16.5%+24.5pp-8.0%-0.8pp-7.3%-14.2pp7.0%+2.2pp4.7%
Operating Margin11.2%+0.3pp10.9%-5.5pp16.4%-4.0pp20.3%-2.6pp22.9%+2.3pp20.6%+30.0pp-9.4%+38.5pp-47.9%-27.4pp-20.5%-0.7pp-19.8%+20.5pp-40.3%N/A-17.6%+44.4pp-62.0%-46.4pp-15.6%
Net Margin17.4%+1.1pp16.3%-9.9pp26.2%+8.5pp17.7%-41.0pp58.7%+36.7pp22.0%+29.9pp-7.9%+46.1pp-53.9%-59.5pp5.6%+27.1pp-21.5%+23.3pp-44.8%N/A-12.2%+52.3pp-64.5%-33.8pp-30.7%
Return on Equity10.2%-34.4pp44.6%-215.5pp260.1%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-65.3%
Return on Assets3.2%-3.4pp6.6%-4.0pp10.5%+3.2pp7.4%-23.2pp30.6%+19.4pp11.2%+14.8pp-3.6%+14.6pp-18.2%-20.0pp1.8%+11.2pp-9.4%+13.5pp-22.9%N/A-9.3%+43.6pp-53.0%-39.1pp-13.8%
Current Ratio5.59+2.7x2.93+1.5x1.45+0.1x1.31+0.1x1.18+0.1x1.110.0x1.100.0x1.10-0.3x1.41-0.3x1.72-0.2x1.880.0x1.87+1.0x0.91-0.4x1.34-0.1x1.39
Debt-to-Equity1.54-1.4x2.93+0.2x2.77N/AN/AN/AN/AN/AN/AN/AN/A11.10N/AN/A0.70
FCF Margin7.0%-0.5pp7.4%+5.1pp2.3%-4.4pp6.8%-9.6pp16.4%-10.2pp26.6%+21.2pp5.3%+43.9pp-38.6%-31.0pp-7.6%-18.8pp11.2%+9.2pp2.0%N/A6.2%-1.2pp7.4%+13.5pp-6.0%

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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%.

Centrus Energy (LEU) reported diluted earnings per share of $3.90 for fiscal year 2025. This represents a -12.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Centrus Energy (LEU) had EBITDA of $60.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Centrus Energy (LEU) had $2.0B in cash and equivalents against $1.2B in long-term debt.

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.

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.

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.

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.

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.

Centrus Energy (LEU) generated $51.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Centrus Energy (LEU) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Centrus Energy (LEU) invested $19.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Centrus Energy (LEU) invested $16.9M in research and development during fiscal year 2025.

Centrus Energy (LEU) had a current ratio of 5.59 as of fiscal year 2025, which is generally considered healthy.

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.

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.

Centrus Energy (LEU) has an Altman Z-Score of 2.53, 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.

Centrus Energy (LEU) has a Piotroski F-Score of 4 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.

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.

Centrus Energy (LEU) has an interest coverage ratio of 4.02x, 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.

Centrus Energy (LEU) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its energy companies peer group. The score is a 0-100 composite 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.

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