CNPCenterPoint Energy
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
All key numbers (37) From EDGAR
| EPS (ttm) | 1.63 | Sales (ttm) | 9.4B | Net income (ttm) | 1.1B | Sales growth | +8.3% | EPS growth | +1.3% | Sales Q/Q | +1.9% |
| Free cash flow | -2.7B | Gross margin | 99.4% | Oper. margin | 22.5% | Net margin | 11.4% | FCF margin | -28.4% | ROE | 9.4% |
| ROA | 2.2% | R&D / sales | - | Dividend | 0.89 | Debt/Eq | 1.96 | Curr. ratio | 1.16 | Cash | 639.0M |
| Op. cash flow (ttm) | 2.4B | EBITDA | 3.6B | EBITDA margin | 38.9% | Net debt | 21.8B | Quick ratio | 1.16 | Interest cover | 2.34 |
| ROIC | 5.2% | Payout ratio | 55.6% | Tax rate | 15.6% | Shares out. | 654.2M | Shares Y/Y | +1.8% | Book / share | 17.50 |
| Cash / share | 0.98 | Sales / share | 14.39 | Asset turnover | 0.20 | Days sales out. | 31 | Sales 3Y CAGR | +0.1% | Sales 5Y CAGR | +4.8% |
| EPS 3Y CAGR | +0.2% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Revenue growth sped up to +8.3%-0.6% → +8.3% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
CNP against Utilities peers
Ten years, side by side → · All 31 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 31 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| CNP CenterPoint Energy | $9.4B | +8.3% | 99.4% | 11.4% | 9.4% | -28.4% | 1.96 |
| WEC WEC Energy Group | $10.3B | +14.0% | 65.9% | 17.5% | 12.1% | - | 1.52 |
| PPL PPL Corporation | $9.4B | +8.6% | - | 13.0% | 8.1% | -17.2% | 1.35 |
| CMS CMS Energy | $8.8B | +13.6% | - | 11.6% | 10.5% | - | 1.95 |
| AEE Ameren | $8.7B | +15.4% | - | 17.9% | 11.4% | -16.0% | 1.59 |
| NI NiSource | $6.8B | +23.5% | - | 13.8% | 9.8% | -23.0% | 1.91 |
From $8.4B of sales to $1.5B of profit
FY2021, from the 10-K income statementSwipe sideways for the whole flow →
From $9.3B of sales to $1.1B of profit
FY2022, from the 10-K income statementSwipe sideways for the whole flow →
From $8.7B of sales to $917.0M of profit
FY2023, from the 10-K income statement and revenue by productSwipe sideways for the whole flow →
From $8.6B of sales to $1.0B of profit
FY2024, from the 10-K income statement and revenue by productSwipe sideways for the whole flow →
From $9.4B of sales to $1.1B of profit
FY2025, from the 10-K income statement and revenue by productSwipe sideways for the whole flow →
Where each $100 of sales went
- Cost of revenue
- Sales, admin & other
- Net profit
- Tax & other
Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →
Profitability
0 of 3- !Net margin below the peer median11.4% vs 13.8%
- !Return on equity below 15%9.4%
- !A profit in 9 of 10 years
Balance sheet
1 of 3- !Interest covered less than 5 timesOperating income is 2.3× interest expense
- !Debt larger than equityDebt / equity 1.96 on the latest balance sheet (peer median 1.70)
- ✓Current assets cover current liabilitiesCurrent ratio 1.16
Cash and shareholders
2 of 4- !Free cash flow positive in 2 of 10 years−$2.4B last year
- !Share count up over 5 years+23.5%
- ✓Dividend per share up over 3 years$0.72 → $0.89
- ✓Cash from operations above net income$2.5B vs $1.1B
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 9.4B Net income 1.1BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
CNP's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by business segment
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Electric | 4.9B | 52.0% | +6.0% |
| Electric | 4.8B | 51.6% | +5.9% |
| Natural Gas | 4.5B | 48.1% | +12.9% |
| Corporate and Other | 5.0M | 0.1% | +25.0% |
10-K 0001130310-26-000008, segment and revenue notes (XBRL).
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Retail gas sales | 4.3B | 45.6% | +11.2% |
| Electric delivery | 4.1B | 43.9% | +3.7% |
| Retail electric sales | 736.0M | 7.9% | +18.3% |
| Energy products and services | 216.0M | 2.3% | +4.9% |
| Wholesale electric sales | 19.0M | 0.2% | +375% |
| Gas transportation | 11.0M | 0.1% | 0.0% |
10-K 0001130310-26-000008, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.5B | 9.6B | 6.3B | 7.6B | 7.4B | 8.4B | 9.3B | 8.7B | 8.6B | 9.4B |
| Cost of revenue | 2.0B | 3.8B | 40.0M | 257.0M | 257.0M | 208.0M | 204.0M | 99.0M | 3.0M | 4.0M |
| Operating income | 1.0B | 1.1B | 868.0M | 1.1B | 1.0B | 1.4B | 1.6B | 1.8B | 2.0B | 2.1B |
| Interest expense | 406.0M | 378.0M | 363.0M | 436.0M | 471.0M | 489.0M | 524.0M | 701.0M | 838.0M | 903.0M |
| Pretax income | 686.0M | 1.1B | 551.0M | 545.0M | 563.0M | 778.0M | 1.4B | 1.1B | 1.2B | 1.2B |
| Income tax | 254.0M | -729.0M | 155.0M | 30.0M | 80.0M | 110.0M | 360.0M | 170.0M | 195.0M | 195.0M |
| Net income | 432.0M | 1.8B | 368.0M | 791.0M | -773.0M | 1.5B | 1.1B | 917.0M | 1.0B | 1.1B |
| EPS (diluted) | 1.00 | 4.13 | 0.74 | 1.33 | -1.79 | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 |
| Diluted shares | 433.6M | 434.3M | 452.5M | 505.2M | 531.0M | 609.9M | 632.3M | 633.2M | 644.1M | 655.6M |
| Depreciation & amortization | 1.1B | 1.0B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.5B |
| EBITDA | 2.1B | 2.2B | 2.1B | 2.3B | 2.2B | 2.7B | 2.9B | 3.2B | 3.4B | 3.6B |
| Operating margin | 13.6% | 11.8% | 13.8% | 14.2% | 14.0% | 16.3% | 16.8% | 20.2% | 23.0% | 22.5% |
| Net margin | 5.7% | 18.6% | 5.9% | 10.5% | -10.4% | 17.8% | 11.3% | 10.5% | 11.8% | 11.2% |
| Revenue growth | - | +27.7% | -34.7% | +20.4% | -1.9% | +12.6% | +11.7% | -6.8% | -0.6% | +8.3% |
| EPS growth | - | +313% | -82.1% | +79.7% | -235% | - | -30.3% | -13.8% | +15.3% | +1.3% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 341.0M | 260.0M | 4.2B | 241.0M | 147.0M | 230.0M | 74.0M | 90.0M | 24.0M | 38.0M |
| Short-term investments | 953.0M | 960.0M | 540.0M | 822.0M | 871.0M | 1.4B | 510.0M | 541.0M | 561.0M | 510.0M |
| Receivables | 740.0M | 1.0B | 586.0M | 702.0M | 676.0M | 690.0M | 889.0M | 710.0M | 717.0M | 806.0M |
| Current assets | 2.9B | 3.4B | 7.1B | 3.9B | 2.9B | 7.4B | 4.7B | 3.0B | 4.4B | 5.7B |
| Property & equipment | 12.3B | 13.1B | 14.0B | 20.6B | 22.4B | 23.5B | 27.1B | 29.9B | 32.1B | 34.1B |
| Goodwill | 862.0M | 867.0M | 757.0M | 4.9B | 4.7B | 4.3B | 4.3B | 4.2B | 3.9B | 3.5B |
| Total assets | 21.8B | 22.7B | 27.1B | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 43.8B | 46.5B |
| Accounts payable | 657.0M | 963.0M | 761.0M | 884.0M | 853.0M | 1.2B | 1.4B | 917.0M | 1.3B | 1.3B |
| Current liabilities | 3.1B | 3.1B | 3.4B | 4.0B | 4.8B | 4.3B | 5.1B | 3.9B | 4.0B | 6.3B |
| Total debt | 8.6B | 8.2B | 8.7B | 14.2B | 11.5B | 15.6B | 15.3B | 17.6B | 20.9B | 21.1B |
| Shareholders' equity | 3.5B | 4.7B | 8.1B | 8.4B | 8.3B | 9.4B | 10.0B | 9.7B | 10.7B | 11.2B |
| Retained earnings | -668.0M | 543.0M | 349.0M | 632.0M | -845.0M | 154.0M | 709.0M | 1.1B | 1.6B | 2.0B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.9B | 1.4B | 2.1B | 1.6B | 2.0B | 22.0M | 1.8B | 3.9B | 2.1B | 2.5B |
| Capital spending | 1.4B | 1.4B | 1.7B | 2.5B | 2.6B | 3.2B | 4.4B | 4.4B | 4.5B | 4.9B |
| Free cash flow | 509.0M | -9.0M | 485.0M | -868.0M | -601.0M | -3.1B | -2.6B | -524.0M | -2.4B | -2.4B |
| Dividends paid | 443.0M | 461.0M | 499.0M | 577.0M | 392.0M | 385.0M | 440.0M | 485.0M | 522.0M | 574.0M |
| Acquisitions | 102.0M | 132.0M | 0 | 6.0B | 0 | 0 | - | - | - | - |
| Debt raised | 600.0M | 1.1B | 2.5B | 2.9B | 799.0M | 4.5B | 2.1B | 6.0B | 4.0B | 3.7B |
| Debt repaid | 1.2B | 1.2B | 484.0M | 1.3B | 1.7B | 3.0B | 1.8B | 3.2B | 1.1B | 1.6B |
| Investing cash flow | -1.0B | -1.3B | -1.2B | -8.4B | -1.3B | -1.9B | -1.6B | -4.2B | -4.5B | -4.0B |
| Financing cash flow | -808.0M | -245.0M | 3.1B | 2.8B | -834.0M | 1.9B | -345.0M | 374.0M | 2.3B | 1.5B |
| Dividend per share | 1.03 | 1.35 | 1.12 | 0.86 | - | - | 0.72 | 0.78 | 0.83 | 0.89 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating lease cost | - | - | - | 7.0M | 9.0M | 8.0M | 6.0M | 6.0M | 6.0M | 8.0M |
| Operating lease cash paid | - | - | - | 25.0M | 8.0M | 6.0M | 6.0M | 5.0M | 5.0M | 6.0M |
| Finance lease principal paid | - | - | - | 0 | 0 | 179.0M | 485.0M | 0 | 0 | - |
| Right-of-use assets | - | - | - | 31.0M | 31.0M | 22.0M | 19.0M | 13.0M | 27.0M | 61.0M |
| Operating lease liabilities | - | - | - | 31.0M | 32.0M | 23.0M | 19.0M | 13.0M | 28.0M | 62.0M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
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