$3.13−0.38 (−10.73%)
At close: Oct 26, 2026, 4:00 PM ET· NYSE · USD
Cia Energetica De Minas Gerais (CIG-C) Income Statement
Is this a real, growing, cash-generative business, or a story propped up by accounting?
Sources Company filings FilingsHow we compute thisNot investment advice
Business engineSteady: revenue compounds ~7.2%/yr (FY21→FY25), net margin 11.2%. Worth your attention in FY25: Share count (+30.0%). Visible in the receipts below.
The lines that matter · FY21–FY25
Revenue ($M)▲11.1%
7,984.8
FY21→FY25CAGR +7.2%/yr
Net income ($M)▼22.3%
894.5
one-off year: see footnoteCAGR +7.4%/yr
Diluted EPS▼25.7%
0.30
FY21→FY25CAGR −0.6%/yr
What the receipts whisper · what a headline number hides
Share count
+30.0%
2.2bn → 2.9bn diluted shares since FY21. Rising share count dilutes EPS. Growth must outrun it.
What the income statement says · FY21–FY25
Where every revenue dollar goes · FY25 ($M)
11¢ of every revenue dollar becomes profit. The biggest cost lever is COGS.
Margin trend · direction beats level Gross Operating Net
Over this window: gross 20.0% → 16.5%. Net margin 11.2% is below the sector median.
The receipt · income statement · FY21–FY25 USD millions except per-share & ratios · hover a line for its definition
USD millions except per-share & ratios
| Line item | FY25 | FY24 | FY23 | FY22 | FY21 | YoY | CAGR 21→25 |
|---|---|---|---|---|---|---|---|
| Revenue & profitability | |||||||
Revenue | 7,984.8 | 7,187.1 | 7,924.2 | 6,519.7 | 6,035.3 | ▲11.1% | +7.2% |
Cost of revenue | 6,484.2 | 5,435.8 | 6,207.0 | 5,231.0 | 4,829.3 | ▲19.3% | +7.6% |
Gross profit | 1,321.3 | 1,318.9 | 1,727.9 | 1,288.7 | 1,205.9 | ▲0.2% | +2.3% |
Selling, general & admin | 151.0 | 132.6 | 145.7 | — | — | ▲13.9% | +1.8% |
Total operating expenses | 128.2 | 274.3 | 394.3 | 0.0 | 0.0 | ▼53.3% | — |
Operating incomefeeds ROC rank | 1,372.5 | 1,477.0 | 1,333.6 | 1,288.7 | 1,205.9 | ▼7.1% | +3.3% |
Other income, net | −376.3 | 36.2 | 78.3 | −509.3 | −363.1 | — | — |
Pretax income | 996.2 | 1,513.3 | 1,412.0 | 779.4 | 842.9 | ▼34.2% | +4.3% |
Income tax | 140.8 | 120.3 | 29.1 | 4.9 | 169.7 | ▲17.0% | −4.6% |
Net incomePiotroski ROA ✓feeds Buffett Quality owner earnings | 894.5 | 1,151.2 | 1,188.6 | 774.5 | 673.2 | ▼22.3% | +7.4% |
| Per share | |||||||
Diluted EPSbuyback-sensitive | 0.30c | 0.40 | 0.54 | 0.35c | 0.31c | ▼25.7% | −0.6% |
Diluted shares (bn) | 2.86 | 2.86 | 2.20 | 2.20 | 2.20 | ▲0.0% | +6.8% |
| Margins | |||||||
Gross margin7th pct in Utilities | 16.5% | 18.4% | 21.8% | 19.8% | 20.0% | ▼1.8pp | −3.4pp |
Operating margin | 17.2% | 20.6% | 16.8% | 19.8% | 20.0% | ▼3.4pp | −2.8pp |
Net margin35th pct in Utilities | 11.2% | 16.0% | 15.0% | 11.9% | 11.2% | ▼4.8pp | +0.0pp |
FY21 effective tax rate was 20% vs a 8% norm for this window, likely a one-time item; see the filing.c Computed by Tenet. The company's diluted figure is not in our data feed for this period, so this is net income attributable to common shareholders divided by the larger of the weighted basic and diluted share counts.
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These lines feed the tenet checklists: see which gates passTenets →Margins & returns continue as sector-ranked ratiosStatistics →
Annual report filed 2026-04-17 · view filings on SEC EDGAR ↗ · reported currency USD · as-filed figures may be later restated.
Statements normalized in our fundamentals DB · Not investment advice.
Statements normalized in our fundamentals DB · Not investment advice.
Common questions
What was Cia Energetica De Minas Gerais' revenue last fiscal year?
Cia Energetica De Minas Gerais reported revenue of $7,984.8M in fiscal 2025, up 11.1% from fiscal 2024.
What was Cia Energetica De Minas Gerais' net income?
Cia Energetica De Minas Gerais reported net income of $894.5M in fiscal 2025, a net margin of 11.2%.
Annual and quarterly statements as filed, normalized into one comparable shape · Not investment advice.