Talen Energy Corp Financials

TLN

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 49/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Talen Energy Corp has an operating margin of 10.7%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 7.8% the prior year.

Growth

Talen Energy Corp's revenue declined 31.5% year-over-year, from $3.1B to $2.1B. This contraction results in a growth score of 0/100.

Leverage

Talen Energy Corp has a moderate D/E ratio of 2.15. This balance of debt and equity financing earns a leverage score of 31/100.

Liquidity

With a current ratio of 2.29, Talen Energy Corp holds $2.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.

Cash Flow

Talen Energy Corp has a free cash flow margin of 8.1%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Talen Energy Corp earns a strong 73.0% return on equity (ROE), meaning it generates $73 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Altman Z-Score Grey Zone

2.70

Talen Energy Corp scores 2.70, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($17.2B) relative to total liabilities ($4.7B). This signals moderate financial risk that warrants monitoring.

Earnings Quality Low Quality

0.25x

For every $1 of reported earnings, Talen Energy Corp generates $0.25 in operating cash flow ($256.0M OCF vs $1.0B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

0.9x

Talen Energy Corp earns $0.9 in operating income for every $1 of interest expense ($226.0M vs $238.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Talen Energy Corp (TLN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

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Key Financial Metrics

Revenue

$2.1B

YoY-31.5%

Talen Energy Corp generated $2.1B in revenue in fiscal year 2024. This represents a decrease of 31.5% from the prior year.

EBITDA

$524.0M

YoY-31.1%

Talen Energy Corp's EBITDA was $524.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.1% from the prior year.

Free Cash Flow

$171.0M

YoY+480.0%

Talen Energy Corp generated $171.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 480.0% from the prior year.

Net Income

$1.0B

YoY+178.3%

Talen Energy Corp reported $1.0B in net income in fiscal year 2024. This represents an increase of 178.3% from the prior year.

EPS (Diluted)

$17.67

Talen Energy Corp earned $17.67 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$328.0M

YoY-66.8%

Talen Energy Corp held $328.0M in cash against $3.0B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

46M

Talen Energy Corp had 46M shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

10.7%

YoY+2.9pp

Talen Energy Corp's operating margin was 10.7% in fiscal year 2024, reflecting core business profitability. This is up 2.9 percentage points from the prior year.

Net Margin

47.9%

YoY+89.8pp

Talen Energy Corp's net profit margin was 47.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 89.8 percentage points from the prior year.

Return on Equity

73.0%

Talen Energy Corp's ROE was 73.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

$2.0B

Talen Energy Corp spent $2.0B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$85.0M

YoY-63.4%

Talen Energy Corp invested $85.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 63.4% from the prior year.

TLN Income Statement

Metric	FY24	FY22	FY15	FY14	FY13
Revenue	$2.1B-31.5%	$3.1B	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$163.0M+53.8%	$106.0M	N/A	N/A	N/A
Operating Income	$226.0M-6.2%	$241.0M+717.9%	-$39.0M-109.8%	$397.0M+235.5%	-$293.0M
Interest Expense	$238.0M-33.7%	$359.0M+70.1%	$211.0M+70.2%	$124.0M-22.0%	$159.0M
Income Tax	$98.0M+380.0%	-$35.0M-29.6%	-$27.0M-123.3%	$116.0M+173.0%	-$159.0M
Net Income	$1.0B+178.3%	-$1.3B-279.2%	-$341.0M-183.2%	$410.0M+278.3%	-$230.0M
EPS (Diluted)	$17.67	N/A	$-3.10-163.1%	$4.91+278.5%	$-2.75

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$812.0M+28.9%	$630.0M-3.7%	$654.0M+40.0%	$467.0M-4.5%	$489.0M-3.9%	$509.0M	N/A	$516.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	$1.0M	$0	N/A	N/A	$5.0M
SG&A Expenses	$38.0M-7.3%	$41.0M+20.6%	$34.0M-19.0%	$42.0M+5.0%	$40.0M-7.0%	$43.0M	N/A	$37.0M
Operating Income	$263.0M+298.5%	$66.0M+162.3%	-$106.0M-762.5%	$16.0M-40.7%	$27.0M+8.0%	$25.0M	N/A	$7.0M
Interest Expense	$67.0M+8.1%	$62.0M-16.2%	$74.0M+45.1%	$51.0M-17.7%	$62.0M+5.1%	$59.0M	N/A	$68.0M
Income Tax	$97.0M+288.0%	$25.0M+148.1%	-$52.0M+44.7%	-$94.0M-183.9%	$112.0M+62.3%	$69.0M	N/A	-$16.0M
Net Income	$207.0M+187.5%	$72.0M+153.3%	-$135.0M-239.2%	$97.0M-78.6%	$454.0M+54.4%	$294.0M	N/A	-$76.0M
EPS (Diluted)	$4.25+183.3%	$1.50+151.0%	$-2.94-242.0%	$2.07-72.8%	$7.60+57.0%	$4.84	N/A	$-1.30

TLN Balance Sheet

Metric	FY24	FY22	FY15	FY14	FY13
Total Assets	$6.1B	N/A	$12.8B+19.0%	$10.8B	N/A
Current Assets	$1.0B	N/A	$2.8B+2.3%	$2.7B	N/A
Cash & Equivalents	$328.0M-66.8%	$988.0M+600.7%	$141.0M-59.9%	$352.0M+47.3%	$239.0M
Inventory	$302.0M	N/A	$508.0M+11.6%	$455.0M	N/A
Accounts Receivable	$66.0M	N/A	$205.0M+10.2%	$186.0M	N/A
Goodwill	N/A	N/A	$0-100.0%	$72.0M-16.3%	$86.0M
Total Liabilities	$4.7B	N/A	$8.5B+24.1%	$6.9B	N/A
Current Liabilities	$455.0M	N/A	$2.1B-27.8%	$2.9B	N/A
Long-Term Debt	$3.0B	N/A	$3.8B+125.0%	$1.7B	N/A
Total Equity	$1.4B	N/A	$4.3B+10.1%	$3.9B-18.6%	$4.8B
Retained Earnings	-$326.0M	N/A	-$373.0M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$6.1B+4.6%	$5.8B-0.6%	$5.9B-3.9%	$6.1B-13.8%	$7.1B	N/A	$7.1B	N/A
Current Assets	$1.0B+26.3%	$830.0M-1.9%	$846.0M-18.7%	$1.0B-46.7%	$2.0B	N/A	$1.6B	N/A
Cash & Equivalents	$497.0M+307.4%	$122.0M-58.6%	$295.0M-10.1%	$328.0M-48.1%	$632.0M-41.5%	$1.1B+170.0%	$400.0M-47.6%	$764.0M
Inventory	$263.0M+17.4%	$224.0M+2.3%	$219.0M-27.5%	$302.0M+7.9%	$280.0M	N/A	$375.0M	N/A
Accounts Receivable	$115.0M-25.3%	$154.0M+196.2%	$52.0M-21.2%	$66.0M-36.5%	$104.0M	N/A	$52.0M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6B+1.0%	$4.6B-2.2%	$4.7B-0.7%	$4.7B+4.6%	$4.5B	N/A	$4.6B	N/A
Current Liabilities	$457.0M+1.1%	$452.0M-13.4%	$522.0M+14.7%	$455.0M+5.1%	$433.0M	N/A	$486.0M	N/A
Long-Term Debt	$3.0B-0.1%	$3.0B-0.1%	$3.0B-0.4%	$3.0B+14.1%	$2.6B	N/A	$2.8B	N/A
Total Equity	$1.5B+17.9%	$1.2B+5.6%	$1.2B-14.9%	$1.4B-44.8%	$2.5B-9.2%	$2.8B+12.6%	$2.5B+4.2%	$2.4B
Retained Earnings	-$249.0M+45.4%	-$456.0M+13.6%	-$528.0M-62.0%	-$326.0M-172.8%	$448.0M	N/A	$134.0M	N/A

TLN Cash Flow Statement

Metric	FY24	FY22	FY15	FY14	FY13
Operating Cash Flow	$256.0M+36.9%	$187.0M-75.7%	$768.0M+66.2%	$462.0M+12.7%	$410.0M
Capital Expenditures	$85.0M-63.4%	$232.0M-48.6%	$451.0M+8.4%	$416.0M-28.6%	$583.0M
Free Cash Flow	$171.0M+480.0%	-$45.0M-114.2%	$317.0M+589.1%	$46.0M+126.6%	-$173.0M
Investing Cash Flow	$1.2B+418.2%	-$368.0M+59.8%	-$915.0M-284.1%	$497.0M+178.8%	-$631.0M
Financing Cash Flow	-$2.0B-560.8%	$426.0M+765.6%	-$64.0M+92.4%	-$846.0M-1900.0%	$47.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.0B	$0	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$489.0M+365.8%	-$184.0M-254.6%	$119.0M+1090.0%	$10.0M+143.5%	-$23.0M-113.3%	$173.0M-22.1%	$222.0M+23.3%	$180.0M
Capital Expenditures	$21.0M-36.4%	$33.0M+83.3%	$18.0M-33.3%	$27.0M+35.0%	$20.0M-20.0%	$25.0M-55.4%	$56.0M-6.7%	$60.0M
Free Cash Flow	$468.0M+315.7%	-$217.0M-314.9%	$101.0M+694.1%	-$17.0M+60.5%	-$43.0M-129.1%	$148.0M-10.8%	$166.0M+38.3%	$120.0M
Investing Cash Flow	-$42.0M+8.7%	-$46.0M+32.4%	-$68.0M-25.9%	-$54.0M-107.6%	$714.0M+169.4%	$265.0M+520.6%	-$63.0M+41.7%	-$108.0M
Financing Cash Flow	-$85.0M-288.9%	$45.0M+146.9%	-$96.0M+86.7%	-$723.0M-10.2%	-$656.0M-153.3%	-$259.0M-1077.3%	-$22.0M+64.5%	-$62.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$20.0M-75.9%	$83.0M-91.7%	$1.0B+60.6%	$624.0M+1980.0%	$30.0M	$0	$0

TLN Financial Ratios

Metric	FY24	FY22	FY15	FY14	FY13
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.7%+2.9pp	7.8%	N/A	N/A	N/A
Net Margin	47.9%+89.8pp	-41.9%	N/A	N/A	N/A
Return on Equity	73.0%	N/A	N/A	10.5%	N/A
Return on Assets	16.6%	N/A	-2.7%-6.5pp	3.8%	N/A
Current Ratio	2.29	N/A	1.32+0.4	0.93	N/A
Debt-to-Equity	2.15	N/A	0.88+0.4	0.43	N/A
FCF Margin	8.1%+9.6pp	-1.5%	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	32.4%+21.9pp	10.5%+26.7pp	-16.2%-19.6pp	3.4%-2.1pp	5.5%+0.6pp	4.9%	N/A	1.4%
Net Margin	25.5%+14.1pp	11.4%+32.1pp	-20.6%-41.4pp	20.8%-72.1pp	92.8%+35.1pp	57.8%	N/A	-14.7%
Return on Equity	14.1%+8.3pp	5.8%	N/A	7.0%-11.1pp	18.1%+7.4pp	10.6%	N/A	N/A
Return on Assets	3.4%+2.2pp	1.2%+3.5pp	-2.3%-3.9pp	1.6%-4.8pp	6.4%	N/A	N/A	N/A
Current Ratio	2.29+0.5	1.84+0.2	1.62-0.7	2.29-2.2	4.51	N/A	3.20	N/A
Debt-to-Equity	2.02-0.4	2.39-0.1	2.52+0.4	2.15+1.1	1.04	N/A	1.14	N/A
FCF Margin	57.6%+92.1pp	-34.4%-49.9pp	15.4%+19.1pp	-3.6%+5.2pp	-8.8%-37.9pp	29.1%	N/A	23.3%

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Frequently Asked Questions

What is Talen Energy Corp's annual revenue?

Talen Energy Corp (TLN) reported $2.1B in total revenue for fiscal year 2024. This represents a -31.5% 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 Talen Energy Corp's revenue growing?

Talen Energy Corp (TLN) revenue declined by 31.5% year-over-year, from $3.1B to $2.1B in fiscal year 2024.

Is Talen Energy Corp profitable?

Yes, Talen Energy Corp (TLN) reported a net income of $1.0B in fiscal year 2024, with a net profit margin of 47.9%.

What is Talen Energy Corp's earnings per share (EPS)?

Talen Energy Corp (TLN) reported diluted earnings per share of $17.67 for fiscal year 2024. 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.

What is Talen Energy Corp's EBITDA?

Talen Energy Corp (TLN) had EBITDA of $524.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Talen Energy Corp have?

As of fiscal year 2024, Talen Energy Corp (TLN) had $328.0M in cash and equivalents against $3.0B in long-term debt.

What is Talen Energy Corp's operating margin?

Talen Energy Corp (TLN) had an operating margin of 10.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Talen Energy Corp's net profit margin?

Talen Energy Corp (TLN) had a net profit margin of 47.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Talen Energy Corp's return on equity (ROE)?

Talen Energy Corp (TLN) has a return on equity of 73.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Talen Energy Corp's free cash flow?

Talen Energy Corp (TLN) generated $171.0M in free cash flow during fiscal year 2024. This represents a 480.0% 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 Talen Energy Corp's operating cash flow?

Talen Energy Corp (TLN) generated $256.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Talen Energy Corp's total assets?

Talen Energy Corp (TLN) had $6.1B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Talen Energy Corp's capital expenditures?

Talen Energy Corp (TLN) invested $85.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Talen Energy Corp buy back shares?

Yes, Talen Energy Corp (TLN) spent $2.0B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Talen Energy Corp have outstanding?

Talen Energy Corp (TLN) had 46M shares outstanding as of fiscal year 2024.

What is Talen Energy Corp's current ratio?

Talen Energy Corp (TLN) had a current ratio of 2.29 as of fiscal year 2024, which is generally considered healthy.

What is Talen Energy Corp's debt-to-equity ratio?

Talen Energy Corp (TLN) had a debt-to-equity ratio of 2.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Talen Energy Corp's return on assets (ROA)?

Talen Energy Corp (TLN) had a return on assets of 16.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Talen Energy Corp's Altman Z-Score?

Talen Energy Corp (TLN) has an Altman Z-Score of 2.70, 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.

Are Talen Energy Corp's earnings high quality?

Talen Energy Corp (TLN) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). 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 Talen Energy Corp cover its interest payments?

Talen Energy Corp (TLN) has an interest coverage ratio of 0.9x, meaning it can struggle to 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 Talen Energy Corp?

Talen Energy Corp (TLN) scores 49 out of 100 on our Financial Profile, indicating moderate 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.