Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Talen Energy Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2013
FY2015
FY2015
FY2022
FY2024
FY2025
Revenue
4,495
4,581
4,481
3,209
2,115
2,581
General and administrative
106
163
624
Operating income
-293
397
-39
241
226
-90
Interest expense
159
124
211
359
238
302
Other non-operating income
32
30
-118
-44
61
10
Pre-tax income
-420
303
-368
-1,328
1,111
-166
Income tax
-159
116
-27
-35
98
53
Income from continuing operations
-262
187
-341
Net income to minority interests
1
0
0
-4
15
0
Net income
-230
410
-341
-1,289
998
-219
EBITDA
6
694
317
761
524
189
EPS, basic
-2.75
4.91
-3.10
18.40
-4.79
EPS, diluted
-2.75
4.91
-3.10
17.67
-4.79
Shares, basic (weighted)
83.5
83.5
110
0
54.3
45.7
Shares, diluted (weighted)
83.5
83.5
110
0
56.5
45.7
Balance sheet
FY2013
FY2015
FY2015
FY2022
FY2024
FY2025
Cash and equivalents
239
352
141
988
328
689
Receivables
186
205
66
160
Inventory
455
508
302
278
Other current assets
26
12
184
67
Total current assets
2,701
2,762
1,040
1,349
Property, plant and equipment
6,436
8,587
3,154
7,546
Goodwill
86
72
0
Intangible assets
257
310
Long-term investments
980
976
Other non-current assets
75
43
183
106
Total assets
10,760
12,809
6,106
10,905
Accounts payable
361
291
Short-term debt
535
399
17
29
Total current liabilities
2,890
2,088
455
1,050
Long-term debt
1,683
3,787
2,987
6,782
Other non-current liabilities
123
91
135
42
Total liabilities
6,853
8,506
4,719
9,812
Total debt
2,218
4,203
3,004
6,811
Paid-in capital
0
4,702
1,725
1,709
Retained earnings
0
-373
-326
-612
Other comprehensive income
77
-23
-26
-12
-4
Shareholders' equity
3,907
4,303
1,387
1,093
Minority interests
0
0
Total equity
4,798
3,907
4,303
-482
1,387
1,093
Total liabilities and equity
10,760
12,809
6,106
10,905
Shares outstanding
129
46
45.7
Cash flow statement
FY2013
FY2015
FY2015
FY2022
FY2024
FY2025
Net income
-229
410
-341
-1,293
1,013
-219
Depreciation and amortization
299
297
356
520
298
279
Stock-based compensation
18
0
33
526
Deferred income tax
-290
77
-59
-48
-46
120
Change in receivables
23
17
115
Change in inventory
-31
-97
12
-55
67
29
Change in payables
187
-69
-48
Cash from operations
410
462
768
187
256
704
Capital expenditures
-583
-416
-451
-232
-85
-98
Acquisitions
0
0
-603
0
-3,793
Cash from investing
-631
497
-915
-368
1,171
-4,003
Debt issued
0
0
600
Debt repaid
-747
-309
-335
Share buybacks
0
-1,958
-103
Cash from financing
47
-846
-64
426
-1,963
3,686
Net change in cash
-174
113
-211
245
-536
387
Free cash flow
-173
46
317
-45
171
606
Interest paid
157
122
169
277
255
233
Income taxes paid
189
310
5
14
20
71
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $304.42 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
2.3%
Operating income / revenue.
EBITDA margin
11.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-3.3%
Pre-tax income / revenue.
Net margin
-4.9%
Net income / revenue.
FCF margin
15.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
21.2%
Cash from operations / revenue.
Return on equity (ROE)
-11.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.2%
Net income / average total assets.
Return on invested capital (ROIC)
0.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
15.1%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
6.1%
Capital expenditures / revenue.
D&A / revenue
8.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
22.0%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-139.8%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-63.9%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-121.9%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-127.1%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
175.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
254.4%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-21.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
78.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
-19.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.78x
Current assets / current liabilities.
Quick ratio
0.36x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.18x
(Cash + short-term investments) / current liabilities.
Debt / equity
5.92x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
63.5%
Total debt / total assets.
Liabilities / assets
89.1%
Total liabilities / total assets.
Net debt
$9.34B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
22.3x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$4.03
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$81.89
Revenue / diluted weighted shares.
FCF per share
$12.37
Free cash flow / diluted weighted shares.
Operating cash flow per share
$17.34
Cash from operations / diluted weighted shares.
Book value per share
$33.74
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$14.59B
Share price x shares outstanding.
Enterprise value
$23.93B
Market cap + total debt - cash - short-term investments.
P/S
3.88x
Market cap / revenue.
P/B
9.03x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
9.03x
Market cap / tangible book value, when positive.
P/FCF
25.7x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
18.3x
Market cap / cash from operations, when positive.
EV/Sales
6.37x
Enterprise value / revenue.
EV/EBIT
272x
Enterprise value / operating income, when both are positive.
EV/EBITDA
57.2x
Enterprise value / EBITDA, when both are positive.
EV/FCF
42.1x
Enterprise value / free cash flow, when both are positive.
FCF yield
3.9%
Free cash flow / market cap.
Earnings yield
-1.3%
Net income / market cap (the inverse of P/E).
Shareholder yield
2.0%
(Dividends paid + share buybacks) / market cap.
What was Talen Energy Corp's revenue in fiscal 2025?
Talen Energy Corp reported revenue of $2.58B for fiscal 2025, 22% higher than the year before.
Was Talen Energy Corp profitable in fiscal 2025?
No. It reported a net loss of $219.0M.
How much free cash flow did Talen Energy Corp generate in fiscal 2025?
Cash from operations of $704.0M minus capital expenditures of $98.0M left free cash flow of $606.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.