Saturday 17 October 2026 Export CIG’s income statement to Excel — free account

Comp En De Mn Cemig ADS

CIG Utilities Utilities Regulated Electric

Comp En De Mn Cemig ADS’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 3.71% from fiscal 2024. In the quarter to June 2026, revenue grew 16.0%, EPS was flat, free cash flow grew 411.7% and total debt rose 42.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

2.31 0.02 +0.87%

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Market cap: $4.4B
P/E: 5.6×
Fwd P/E: 9.8×
Dividend yield: 1.16%
F-score: 4/9
Altman Z: 1.76
Beneish M: −2.28
Dividend safety: 17/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	—	—	—	—

Insider Ownership 34.01%

Capital & Financial Ratios $m

Market Cap 4,360.00

Revenue 8,267.12

Net Income 484.34

Free Cash Flow 769.45

Net Debt 2,897.17

Current Ratio 0.93

Debt/Equity 0.69

P/E ratio 5.59

Fwd P/E 9.77

P/S ratio 0.80

P/B ratio 1.21

Past 5Y EPS Growth 9.45%

This Y EPS Growth (24.80%)

Next Y EPS Growth (1.33%)

Next Y revenue growth 26.34%

Next 5Y EPS Growth (1.40%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 30.63%

10-year low 10-year high

P/S against its own 10 years 49.02%

10-year low 10-year high

P/B against its own 10 years 50.76%

10-year low 10-year high

EV/Sales against its own 10 years 42.54%

10-year low 10-year high

EV/FCF against its own 10 years 67.34%

10-year low 10-year high

Dividends

Payout Ratio 0.06

Annual Dividend Rate 0.03

Annual Dividend Yield 1.16%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.20	0.02 0.04
2025	0.20	0.03 0.06 0.04 0.04 0.03 0.02
2024	0.06	0.01 0.02 0.01 0.09 0.02 0.02
2023	0.08	0.01 0.01 0.01 0.01 0.04
2022	0.04	0.01 0.03 0.01 0.02 0.01 0.02
2021	0.04	0.01 0.03 0.02
2020	0.04	0.02 0.02 0.00
2019	0.04	0.04
2018	0.05	0.05 0.01
2017	0.03	0.01 0.01
2016	0.09	0.01 0.04 0.04 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	537	462	520	886
Receivables	1,389	1,373	1,456	1,216
Inventory	—	—	—	—
Other	452	432	617	636
	2,377	2,268	2,593	2,738

	2023	2024	2025	Q'26
Payables	604	547	544	601
ST’ Debt	527	533	547	585
Other	550	421	433	367
	2,623	2,622	2,590	2,939

Compound Annual Growth %

	10y	5y	3y
Sales	1.65%	9.36%	4.68%
Cash Flow	(2.27%)	(15.25%)	(17.08%)
Earnings	1.53%	9.56%	3.43%
Book Value	2.59%	8.59%	6.65%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,987	2,208	—	—	—
’25	1,680	1,904	1,950	2,123	7,657
’24	1,829	1,808	1,830	1,916	7,383
’23	1,665	1,782	1,931	2,004	7,381
’22	1,502	1,669	1,760	1,745	6,675
’21	1,301	1,388	1,823	1,722	6,235
’20	1,369	1,107	1,185	1,233	4,894

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	213	—	—	—	—
’25	234	180	215	102	730
’24	331	229	277	183	1,019
’23	184	368	424	355	1,331
’22	187	423	452	218	1,281
’21	140	412	34	97	683
’20	559	226	487	398	1,670

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	208	—	—	—	—
’25	(67)	414	(543)	737	554
’24	143	361	(354)	695	867
’23	161	311	335	272	1,078
’22	182	414	432	197	1,224
’21	133	402	26	78	640
’20	544	226	478	387	1,636

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.06	0.07	—	—	—
’25	—	0.07	0.05	0.23	0.31
’24	0.08	0.11	0.21	0.06	0.46
’23	0.09	0.09	0.09	0.13	0.40
’22	0.08	0.00	0.08	0.09	0.28
’21	0.02	0.13	0.03	0.06	0.25
’20	(0.01)	0.07	0.03	0.08	0.20

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.78	1.45	1.20	2.19	0.98	1.50	1.40	1.45	1.68	1.59	Analyst estimates 2026–2028 Powerpack
	High	2.37	2.95	2.75	3.16	2.88	2.29	2.61	2.12	2.19	2.30
People
People	Employees	7,119	5,864	6,083	5,596	5,254	5,025	4,969	4,917	5,028	5,320
	Revenue/emp, $m	0.76	1.16	1.00	1.15	0.93	1.24	1.34	1.50	1.47	1.44
Income, $m
Income, $m	Revenue	5,382	6,800	6,092	6,434	4,894	6,235	6,675	7,381	7,383	7,657
	Gross margin, %	23.13	19.45	20.61	22.81	21.34	19.98	19.77	22.75	20.48	16.93
	EBT	105	516	541	1,132	737	871	798	1,372	1,735	1,015
	EBT margin, %	1.95	7.58	8.88	17.60	15.07	13.97	11.95	18.59	23.50	13.26
	Net income	96	314	477	0	556	695	793	1,155	1,320	877
	Depreciation	239	266	233	238	192	194	229	255	255	275
Per share, $
Per share, $	Revenue	2.18	2.38	2.13	1.12	1.53	2.18	2.33	2.58	2.58	2.68
	Earnings	0.04	0.13	0.16	0.27	0.20	0.25	0.28	0.40	0.46	0.31
	Cash flow	0.14	0.06	0.10	0.09	0.52	0.24	0.45	0.47	0.36	0.26
	Capex	(0.13)	(0.12)	(0.01)	0.00	(0.01)	(0.02)	(0.02)	(0.09)	(0.05)	(0.06)
	Free cash flow	0.01	(0.06)	0.09	0.09	0.51	0.22	0.43	0.38	0.30	0.19
	Book value	1.50	1.57	1.52	0.70	1.06	1.26	1.47	1.73	1.77	1.79
	Shares, m	2,468	2,861	2,862	5,733	3,190	2,862	2,862	2,861	2,861	2,861
Valuation, ×
Valuation, ×	P/E	41.74	12.44	16.30	8.64	12.45	7.45	5.94	4.29	3.81	4.84
	P/S	0.83	0.69	1.29	2.33	1.45	0.86	0.63	0.68	0.69	0.75
	P/B	1.21	1.05	1.80	3.73	2.09	1.48	1.00	1.01	1.00	1.12
	EV/Sales	1.52	1.28	1.87	2.86	1.83	1.13	0.86	0.88	0.94	1.14
	EV/FCF	38.29	(15.72)	132.02	181.86	5.05	10.97	4.68	6.04	8.47	18.49
Cash, $m
Cash, $m	Operating cash flow	348	182	276	507	1,670	683	1,281	1,331	1,019	730
	Capex	(327)	(350)	(29)	(249)	(34)	(43)	(57)	(253)	(152)	(176)
	Free cash flow	21	(168)	247	507	1,636	640	1,224	1,078	867	554
Balance, $m
Balance, $m	Working capital	(906)	(39)	1,204	564	1,119	419	438	(245)	(355)	3
	Total debt	4,352	4,668	4,042	3,796	2,949	2,139	2,107	2,040	2,342	3,545
	Net debt	3,671	3,981	3,561	3,410	1,869	1,667	1,490	1,503	1,880	3,025
	Shareholders’ equity	3,708	4,488	4,361	4,027	3,391	3,606	4,220	4,939	5,077	5,119
Returns, %
Returns, %	ROA	0.78	2.48	3.22	5.46	4.80	6.90	7.91	10.78	11.95	7.60
	ROIC	6.97	6.69	6.14	6.20	8.75	11.88	10.15	13.19	16.08	9.00
	ROE	2.50	7.65	10.77	18.89	14.98	19.87	20.26	25.21	26.35	17.20

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OGE OGE Energy Corporation	$9.7B	20.8×	19.7×	−4.00% (below 0%: shrinking)	+5.66% (above 0%: growing)	+75.81% (above 0%: growing)	69.42%	26.91%	Compare
IDA IDACORP, Inc.	$7.9B	22.5×	22.1×	+4.20% (above 0%: growing)	+3.95% (above 0%: growing)	−100.67% (below 0%: shrinking)	72.82%	27.78%	Compare
TXNM TXNM Energy, Inc.	$6.5B	32.3×	19.2×	+9.18% (above 0%: growing)	+190.91% (above 0%: growing)	+25.75% (above 0%: growing)	65.46%	22.48%	Compare
ENIC Enel Chile S.A.	$6.1B	10.6×	—	−9.01% (below 0%: shrinking)	+60.00% (above 0%: growing)	+190.61% (above 0%: growing)	34.92%	17.46%	Compare
POR Portland General Electric Company	$5.2B	19.4×	15.3×	+0.87% (above 0%: growing)	+5.36% (above 0%: growing)	−257.58% (below 0%: shrinking)	49.88%	14.86%	Compare
NWE NorthWestern Corporation	$4.5B	26.9×	19.2×	+14.56% (above 0%: growing)	+17.14% (above 0%: growing)	−62.61% (below 0%: shrinking)	77.12%	16.36%	Compare
CIG Comp En De Mn Cemig ADS	$4.4B	5.6×	9.8×	+15.97% (above 0%: growing)	0.00%	+411.73% (above 0%: growing)	17.50%	15.58%
MGEE MGE Energy Inc.	$2.7B	17.8×	19.4×	+1.09% (above 0%: growing)	+21.92% (above 0%: growing)	−419.80% (below 0%: shrinking)	82.63%	20.25%	Compare
CEPU Central Puerto S.A. Sponsored ADR	$2.0B	4.8×	—	+148.79% (above 0%: growing)	+27.30% (above 0%: growing)	0.00%	28.98%	25.61%	Compare
Median of peers	$5.6B	20.1×	19.3×	+2.65%	+19.53%	−31.30%	67.44%	21.37%

All 40 Utilities Regulated Electric stocks →

Comp En De Mn Cemig ADS (CIG) key facts

Strength: Comp En De Mn Cemig ADS’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 3.71% from fiscal 2024.
Comp En De Mn Cemig ADS (CIG) is an Utilities Regulated Electric company in the Utilities sector, traded in the US as an ADR.
As of October 16, 2026, CIG traded at $2.31, a market capitalization of $4.4 billion.
Comp En De Mn Cemig ADS pays an annual dividend of $0.03 per share, a yield of 1.16%, with a payout ratio of 6.46%.
Return on equity was 17.2% and debt-to-equity 0.69.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.76 (distress zone) for fiscal 2025.