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

Kenon Holdings Ltd.

KEN Utilities Utilities Independent Power Producers

Kenon Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $871.9 million, up 16.1% from fiscal 2024. In the quarter to June 2026, revenue grew 93.4%, EPS grew 750.0%, free cash flow fell 3,783.3% and total debt rose 112.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

63.39 0.34 +0.54%

Follow KEN

Alert me

Market cap: $3.3B
P/E: 22.5×
Fwd P/E: 5.7×
Dividend yield: 6.07%
F-score: 5/9
Altman Z: 1.82
Beneish M: −1.98
Dividend safety: 12/100

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

Insider Decisions trades per month

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

Insider Ownership 62.33%

Capital & Financial Ratios $m

Market Cap 3,290.00

Revenue 1,188.93

Net Income 203.26

Free Cash Flow (252.61)

Net Debt 1,203.00

Current Ratio 3.22

Debt/Equity 0.88

P/E ratio 22.54

Fwd P/E 5.72

P/S ratio 2.76

P/B ratio 0.97

Past 5Y EPS Growth (47.65%)

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 17.68%

Next 5Y EPS Growth —

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 85.40%

10-year low 10-year high

P/S against its own 10 years 48.79%

10-year low 10-year high

P/B against its own 10 years 54.88%

10-year low 10-year high

EV/Sales against its own 10 years 52.91%

10-year low 10-year high

Dividends

Payout Ratio 1.37

Annual Dividend Rate 3.85

Annual Dividend Yield 6.07%

	total	individual payouts
2026	3.85	3.85
2025	4.80	4.80
2024	3.80	3.80
2022	13.75	3.50 3.50 10.25
2021	3.86	1.86 1.86 2.00
2020	0.00	2.23
2019	1.21	1.21
2018	1.86	12.35 1.86
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	916	1,159	1,601	1,774
Receivables	68	80	137	186
Inventory	—	—	—	—
Other	112	24	65	58
	1,096	1,263	1,803	2,018

	2023	2024	2025	Q'26
Payables	182	94	245	318
ST’ Debt	170	85	117	204
Other	2	0	0	73
	359	183	365	626

Compound Annual Growth %

	10y	5y	3y
Sales	(3.83%)	17.67%	14.96%
Cash Flow	(0.22%)	25.22%	(28.35%)
Earnings	(0.96%)	(33.43%)	(40.38%)
Book Value	9.69%	20.07%	11.52%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	317	379	—	—	—
’25	183	196	265	228	872
’24	174	181	237	159	751
’23	147	165	229	151	692
’22	146	121	163	144	574
’21	115	105	133	135	488
’20	89	76	117	104	386

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(18)	59	—	—	—
’25	62	19	100	103	284
’24	70	17	126	52	265
’23	26	163	76	12	277
’22	18	542	163	48	771
’21	22	28	83	108	241
’20	20	28	35	9	92

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(144)	(233)	—	—	—
’25	49	(6)	71	53	167
’24	1	(51)	(62)	36	(76)
’23	(31)	76	14	(121)	(55)
’22	(69)	464	103	(18)	480
’21	(23)	(18)	22	27	8
’20	(8)	17	24	(15)	18

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.49	0.85	—	—	—
’25	0.22	0.10	0.45	1.02	0.37
’24	0.15	2.13	0.81	8.79	11.34
’23	(0.14)	(0.56)	(3.83)	0.11	(4.42)
’22	11.86	4.92	4.65	(15.63)	5.80
’21	3.34	3.20	3.45	7.28	17.27
’20	0.28	5.19	1.25	2.51	9.41

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.10	9.96	13.67	15.01	10.56	26.56	31.89	17.64	19.63	27.10	Analyst estimates 2026–2028 Powerpack
	High	12.20	21.68	33.22	23.05	30.25	52.57	72.90	34.40	34.33	67.57
People
People	Employees	760	108	112	114	116	120	287	325	344	354
	Revenue/emp, $m	0.43	3.39	3.25	3.28	3.33	4.06	2.00	2.13	2.18	2.46
Income, $m
Income, $m	Revenue	324	366	364	373	386	488	574	692	751	872
	Gross margin, %	14.15	18.72	20.52	23.11	18.44	20.16	17.40	17.27	19.14	16.84
	EBT	(427)	(136)	462	(6)	500	880	388	81	93	177
	EBT margin, %	(131.66)	(37.09)	126.91	(1.48)	129.49	180.34	67.54	11.73	12.42	20.24
	Net income	(394)	268	445	2	504	875	350	(211)	634	148
	Depreciation	172	178	30	32	34	58	63	91	93	72
Per share, $
Per share, $	Revenue	6.04	6.80	6.76	6.93	7.17	9.05	10.65	12.96	14.25	16.72
	Earnings	(7.67)	4.40	8.07	(0.25)	9.41	17.27	5.80	(4.42)	11.34	0.37
	Cash flow	3.02	7.29	0.97	1.59	1.71	4.46	14.32	5.19	5.03	5.44
	Capex	(5.40)	(4.33)	(1.29)	(0.64)	(1.38)	(4.32)	(5.41)	(6.22)	(6.46)	(2.23)
	Free cash flow	(2.38)	2.96	(0.32)	0.95	0.33	0.15	8.90	(1.04)	(1.43)	3.21
	Book value	16.65	19.56	13.30	13.22	23.69	42.32	42.61	38.80	50.45	61.07
	Shares, m	54	54	54	54	54	54	54	53	53	52
Valuation, ×
Valuation, ×	P/E	0.00	4.77	1.83	0.00	3.26	3.04	5.33	0.00	2.86	37.00
	P/S	1.86	3.20	2.18	3.04	4.20	5.80	2.90	1.96	2.39	3.97
	P/B	0.67	1.11	1.11	1.59	1.27	1.24	0.73	0.65	0.67	1.09
	EV/Sales	10.79	2.14	3.29	4.22	4.37	7.31	3.31	2.84	2.53	4.16
	EV/FCF	(27.38)	4.92	(45.38)	37.11	166.99	493.79	3.96	(30.84)	(22.62)	22.81
Cash, $m
Cash, $m	Operating cash flow	162	392	52	85	92	241	771	277	265	284
	Capex	(290)	(233)	(69)	(34)	(74)	(233)	(292)	(332)	(341)	(116)
	Free cash flow	(128)	159	(17)	51	18	8	480	(55)	(76)	167
Balance, $m
Balance, $m	Working capital	(191)	698	238	225	692	134	869	737	1,080	1,438
	Total debt	3,312	1,036	586	622	918	1,210	1,163	1,530	1,267	1,769
	Net debt	2,896	(388)	405	441	68	735	234	614	109	168
	Shareholders’ equity	894	1,051	716	712	1,276	2,280	2,296	2,070	2,660	3,185
Returns, %
Returns, %	ROA	(8.56)	6.17	21.81	(0.90)	25.41	28.53	8.01	(5.99)	14.36	1.38
	ROIC	(1.21)	3.86	2.27	2.70	0.99	0.47	0.00	0.81	1.08	0.49
	ROE	(38.18)	24.32	49.15	(1.87)	51.02	52.32	13.66	(10.81)	25.27	2.27

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 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
CEG Constellation Energy Corporation	$97.4B	26.4×	20.9×	+23.00% (above 0%: growing)	−46.82% (below 0%: shrinking)	−116.62% (below 0%: shrinking)	46.39%	7.73%	Compare
VST Vistra Corp.	$51.7B	25.3×	15.3×	−5.48% (below 0%: shrinking)	−6.10% (below 0%: shrinking)	+401.69% (above 0%: growing)	34.60%	13.77%	Compare
NRG NRG Energy, Inc.	$21.6B	27.3×	14.9×	+10.99% (above 0%: growing)	n/m	+8,715.12% (above 0%: growing)	26.88%	13.05%	Compare
TLN Talen Energy Corporation	$16.7B	— (loss-making)	17.5×	+18.57% (above 0%: growing)	n/m	−176.92% (below 0%: shrinking)	49.40%	(9.64%)	Compare
OKLO Oklo Inc.	$5.6B	— (loss-making)	—	—	n/m	−632.29% (below 0%: shrinking)	40.41%	(6,048.76%)	Compare
KEN Kenon Holdings Ltd.	$3.3B	22.5×	5.7×	+93.37% (above 0%: growing)	+750.00% (above 0%: growing)	−3,783.33% (below 0%: shrinking)	22.16%	15.04%
HNRG Hallador Energy Company	$599.2M	293×	21.4×	−1.28% (below 0%: shrinking)	n/m	−3,158.67% (below 0%: shrinking)	33.82%	(12.05%)	Compare
DGXX Digi Power X Inc.	$284.8M	— (loss-making)	— (loss-making)	−18.28% (below 0%: shrinking)	n/m	−850.98% (below 0%: shrinking)	(83.34%)	(153.44%)	Compare
Median of peers	$16.7B	26.9×	17.5×	+4.85%	—	−176.92%	34.60%	(9.64%)

All 8 Utilities Independent Power Producers stocks →

Kenon Holdings Ltd. (KEN) key facts

Strength: Kenon Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $871.9 million, up 16.1% from fiscal 2024.
Kenon Holdings Ltd. (KEN) is an Utilities Independent Power Producers company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, KEN traded at $63.39, a market capitalization of $3.3 billion.
Kenon Holdings Ltd. pays an annual dividend of $3.85 per share, a yield of 6.07%, with a payout ratio of 136.9%.
Return on equity was 2.27% and debt-to-equity 0.88.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.82 (grey zone) for fiscal 2025.