CFC’s 2025 Key Ratio Trend Analysis Results Highlight Growth, Financial Stability Across Electric Cooperatives
Rhea-AI Summary
National Rural Utilities Cooperative Finance Corporation (NRUC) released 2025 Key Ratio Trend Analysis results for 814 electric distribution cooperatives. Findings show maintained financial health amid higher costs, supported by rebounding electricity sales, consumer growth and sustained infrastructure investment.
Median equity-to-asset ratio was 44%, long-term debt was 43% of assets, with coverage ratios of 2.64 (times interest earned) and 1.90 (modified debt service).
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Electricity sales rebounded in 2025, outpacing consumer growth
- Nearly 87% of electric cooperatives reported consumer growth in 2025
- Median equity-to-asset ratio held near 44% in 2025
- Long-term debt at 43% of total assets, largely unchanged from 2024
- Median times interest earned ratio at 2.64 in 2025
- Median modified debt service coverage at 1.90, indicating solid debt coverage
Negative
- Electric cooperatives operated during a period of elevated interest rates and inflation
- Operating expenses increased in 2025, requiring stronger sales and revenue to support margins
News Market Reaction – NRUC
On the day this news was published, NRUC declined 0.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
NRUC was down 0.96% with no peers in the momentum scanner, indicating the move appears stock-specific rather than part of a broader sector rotation.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Earnings call notice | Neutral | -0.4% | Announcement of FY 2026 Q3 results call and related webcast logistics. |
| Jan 27 | Earnings call notice | Neutral | +0.2% | Scheduling FY 2026 Q2 results call and disclosure of recent 10-Q filing. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent NRUC headlines about scheduling earnings calls have produced only small, mixed price reactions, suggesting limited sensitivity to routine communications.
Regulatory & Risk Context
Reported short interest appears relatively low, suggesting reduced short-squeeze risk and a tendency toward lower volatility driven more by fundamentals than by positioning.
Key Terms
equity-to-asset ratio financial
long-term debt financial
times interest earned ratio financial
debt service coverage financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
DULLES, Va., June 29, 2026 (GLOBE NEWSWIRE) -- The National Rural Utilities Cooperative Finance Corporation (CFC) has completed its analysis of the 2025 Key Ratio Trend Analysis (KRTA), an annual report of financial trends among electric distribution cooperatives nationwide.
Now in its 51st year, the KRTA continues to provide valuable insights into the financial health of the cooperative network. The latest results show electric cooperatives maintained and enhanced their financial performance through strong electric sales and consumer growth while continuing significant investment in utility plant.
“In 2025, rural electric cooperatives continued to grow and invest in their systems while maintaining financial health and stability,” CFC Senior Vice President and Chief Corporate Affairs Officer Brad Captain said. “Despite elevated interest rates and inflation, they demonstrated strong fiscal stewardship and commitment to provide essential services to their communities.”
Electricity sales continued to rebound from 2023, outpacing consumer growth.
Consumer growth continued in 2025, with nearly
“While expenses have increased, strong electric sales and consumer growth have strengthened margins,” CFC Senior Vice President of Strategic Services Amy Luongo said. “Revenue growth helped support ongoing operations, infrastructure investment and financial stability during a period of elevated costs.”
Financial ratios in 2025 continued to reflect strong financial management across the cooperative network. The median equity-to-asset ratio held nearly steady at
“The network’s financial indicators remain healthy, with improving margins and coverage ratios supporting resilience, stability and long-term commitment to reliable service,” Luongo said.
Final KRTA results are based on data submitted by 814 electric distribution cooperatives for the year ending Dec. 31, 2025. CFC calculates 145 financial and operational ratios for each cooperative and provides a report showing the cooperative’s ratios compared with U.S., state and other key consumer group median values. Median reporting minimizes the effect of outliers and offers a more representative picture of overall performance.
About CFC
Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with approximately
About KRTA
CFC has published KRTA—an annual report that tracks the median value of 145 financial and operational ratios for participating electric distribution cooperatives over the previous five years—since 1975. Based on data reported by electric distribution cooperatives, KRTA provides electric cooperative CEOs and directors/trustees with a complete picture of their system’s financial performance. In 2023, CFC introduced KRTA Pro, a new online platform that offers a 20-plus year view of KRTA ratios, enabling deeper trend analysis and enhanced access to historical benchmarking.
Contact
Brad Captain
Corporate Relations Group
800-424-2954, Option 5
