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Screener / SEC EDGAR /CIK 0001130310 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
NICNPWECPPLCMSAEE
NYSE Utilities · Electric Utilities

CenterPoint Energy CNP

CNP quote by TradingView

This combined Form 10-K is filed separately by three registrants: CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp. 10-K, Item 1

Headquarters
Houston, TX
CEO
Jason Wells
Next results
around Feb 18, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $9.4B through the costs to a net profit of $1.1B · income statement of the 10-K

23% operating margin
Revenue to Gross profit: $9.4BRevenue to Cost of revenue: $4.0MGross profit to Operating profit: $2.1BGross profit to Operating expenses: $7.2BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $1.1B Revenue: $9.4B REVENUE $9.4B +8% Y/Y Gross profit: $9.4B · 100% margin GROSS PROFIT $9.4B 100% margin Cost of revenue: $4.0M · 0% of revenue COST OF REVENUE $4.0M 0% of revenue Operating profit: $2.1B · 23% margin OPERATING PROFIT $2.1B 23% margin · +6% Y/Y Operating expenses: $7.2B · 77% of revenue OPERATING EXPENSES $7.2B 77% of revenue Net profit: $1.1B · 11% margin NET PROFIT $1.1B 11% margin · +3% Y/Y Tax & other: $1.1B · 11% of revenue TAX & OTHER $1.1B 11% of revenue
Gross profit $9.4B 100% margin
Operating profit $2.1B 23% margin · +6% Y/Y
Net profit $1.1B 11% margin · +3% Y/Y
The full income statement, year by year

CNP among Utilities peers

Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.

Compare
Revenue growth: 8.3%, above 27% of 30 peers (their median 9.7%) REVENUE GROWTH 8.3% · above 27% Gross margin: 99.4%, above 100% of 3 peers (their median 65.9%) GROSS MARGIN 99.4% · above 100% Operating margin: 22.5%, above 43% of 28 peers (their median 23.1%) OPERATING MARGIN 22.5% · above 43% Net margin: 11.4%, above 20% of 30 peers (their median 14.1%) NET MARGIN 11.4% · above 20% FCF margin: -28.4%, above 13% of 23 peers (their median -11.5%) FCF MARGIN -28.4% · above 13% Return on capital: 5.2%, above 46% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.2% · above 46%
CNP Peer median Below the median

What changed

26 new risk paragraphs. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Risk factors
26 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +12.4% vs revenue +8.3% (+4.2 pts)
  • Cash from operations $2.5B vs net income $1.1B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Impact of Rate Regulation on the Financial Statements
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

26 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 26 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Electric’s 2022/2023 IRP recommended the conversion of F.B. Culley Unit 3 from coal to natural gas by 2027, the 2025 IRP re-evaluated this conversion in light of customer affordability concerns, among other things, and deferred the decision regarding F.B. Culley Unit 3’s replacement to a future IRP. If Indiana Electric is unable to…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Inherent in the regulatory process is some level of risk that jurisdictional regulatory authorities may challenge the reasonableness or prudency of operating expenses incurred or capital investments made by the Registrants or their subsidiaries and deny the full recovery of their cost of service in rates. For example, concerns about…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Our successful execution and completion of capital projects and programs, including those within our 10-year capital plan, are subject to substantial risks, and our business, financial condition, results of operations and cash flows could be materially affected should such efforts not be executed and completed as planned. We are…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    Indiana Electric’s coal generation; execution of the retirement or fuel conversion of Indiana Electric’s coal facilities on anticipated timelines or at all; the ability to construct and/or permit new natural gas pipelines; the ability to procure resources needed to build at a reasonable cost, the lack of or scarcity of resources and…

New risk paragraphs, against peers

Latest 10-K of each, Utilities companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$9.3B$8.7B$8.6B$9.4B
Net income$1.1B$917.0M$1.0B$1.1B
Operating cash flow$1.8B$3.9B$2.1B$2.5B
Free cash flow−$2.6B−$524.0M−$2.4B−$2.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$9.4B ▲ 8.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

CenterPoint Energy, Houston, TX · from the 10-K filed Feb 19, 2026

This combined Form 10-K is filed separately by three registrants: CenterPoint Energy, Inc., CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp. Information contained herein relating to any individual Registrant is filed by such Registrant solely on its own behalf. No Registrant makes any representation as to information relating to the other Registrants or the subsidiaries of CenterPoint Energy, Inc. other than itself or its subsidiaries.

Headquarters
Houston, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 27, 2026
Incorporated in
TX

Email alerts

Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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