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Centrus Energy Corp. supplies nuclear fuel components for the nuclear power industry in the United States, Belgium, Japan, the Netherlands, and internationally. The company operates in two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants. The Technical Solutions segment offers technical, manufacturing, engineering, and operations services to public and private sector customers. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy Corp. was incorporated in 1998 and is headquartered in Bethesda, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $449M | $110M | $78M | $31M | 10.2% | 1.5% | 6.3% |
| 2024 | $442M | $87M | $73M | $33M | 45.4% | 38.0% | -13.3% |
| 2023 | $320M | $93M | $84M | $8M | 261.3% | 9.0% | 61.7% |
| 2022 | $294M | $78M | $52M | $20M | -70.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 293.80 | 320.20 | 442 | 448.70 |
| Operating Revenue | - | 293.80 | 320.20 | 442 | 448.70 |
| Cost Of Revenue | - | 175.90 | 208.10 | 330.50 | 331.20 |
| Gross Profit | - | 117.90 | 112.10 | 111.50 | 117.50 |
| Operating Expense | - | 57.70 | 59.70 | 63.50 | 67.30 |
| Selling General And Administration | - | 33.90 | 39.20 | 36.50 | 42 |
| Total Expenses | - | 233.60 | 267.80 | 394 | 398.50 |
| Operating Income | - | 60.20 | 52.40 | 48 | 50.20 |
| EBITDA | - | 77.90 | 92.90 | 86.50 | 109.80 |
| Normalized EBITDA | - | 76.40 | 84.20 | 73.60 | 53.30 |
| EBIT | - | 68.30 | 85.80 | 75.70 | 99.90 |
| Interest Expense | - | 0.50 | 1.30 | 2.70 | 14 |
| Net Interest Income | - | -0.50 | -1.30 | -2.70 | -14 |
| Other Non Operating Income Expenses | - | 6.60 | 24.70 | 14.80 | -6.80 |
| Other Income Expense | - | 8.10 | 33.40 | 27.70 | 49.70 |
| Interest Expense Non Operating | - | 0.50 | 1.30 | 2.70 | 14 |
| Net Non Operating Interest Income Expense | - | -0.50 | -1.30 | -2.70 | -14 |
| Pretax Income | - | 67.80 | 84.50 | 73 | 85.90 |
| Tax Provision | - | 15.60 | 0.10 | -0.20 | 8.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.34 | 0.01 | 2.71 | 5.65 |
| Net Income Continuous Operations | - | 52.20 | 84.40 | 73.20 | 77.80 |
| Net Income From Continuing And Discontinued Operation | - | 52.20 | 84.40 | 73.20 | 77.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 52.20 | 84.40 | 73.20 | 77.80 |
| Net Income | - | 52.20 | 84.40 | 73.20 | 77.80 |
| Net Income Common Stockholders | - | 50.70 | 84.40 | 73.20 | 77.80 |
| Net Income Including Noncontrolling Interests | - | 52.20 | 84.40 | 73.20 | 77.80 |
| Normalized Income | - | 51.04 | 75.71 | 63.01 | 26.95 |
| Diluted NI Availto Com Stockholders | - | 50.70 | 84.40 | 73.20 | 77.80 |
| Basic Average Shares | - | 14.60 | 15.21 | 16.31 | 17.97 |
| Diluted Average Shares | - | 14.99 | 15.50 | 16.37 | 19.92 |
| Reconciled Depreciation | - | 9.60 | 7.10 | 10.80 | 9.90 |
| Reconciled Cost Of Revenue | - | 175.30 | 207.30 | 329.50 | 329.70 |
| Total Unusual Items | - | 1.50 | 8.70 | 12.90 | 56.50 |
| Total Unusual Items Excluding Goodwill | - | 1.50 | 8.70 | 12.90 | 56.50 |
| Preferred Stock Dividends | 2.10 | - | - | - | - |
| Special Income Charges | - | -0.50 | -3.60 | -0.30 | 11.80 |
| Other Special Charges | - | - | - | - | -11.80 |
| Restructuring And Mergern Acquisition | 0 | 0.50 | 3.60 | 0.30 | - |
| Gain On Sale Of Security | - | 2 | 8.70 | 12.90 | 44.70 |
| Depreciation Amortization Depletion Income Statement | - | 9 | 6.30 | 9.80 | 8.40 |
| Depreciation And Amortization In Income Statement | - | 9 | 6.30 | 9.80 | 8.40 |
| General And Administrative Expense | - | 33.90 | 39.20 | 36.50 | 42 |
| Other Gand A | - | 33.90 | 36.90 | 35 | 36.20 |
| Salaries And Wages | - | - | 2.30 | 1.50 | 5.80 |
| Other Operating Expenses | - | 14.80 | 14.20 | 17.20 | 16.90 |
| Otherunder Preferred Stock Dividend | 37.60 | 1.50 | 0 | 0 | - |
| Amortization | - | 9 | 6.30 | 9.80 | 8.40 |
| Amortization Of Intangibles Income Statement | - | 9 | 6.30 | 9.80 | 8.40 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Centrus Energy Corp.this co. | LEU | $3.7B | 47.21↑ premium | 4.80 | 10.2% | 26.69 |
| Energy Fuels Inc. | UUUU | $4.3B | -50.68 | 6.40 | -12.6% | -51.72 |
| Scorpio Tankers Inc. | STNG | $3.7B | 10.85 | 1.17 | 10.8% | 6.09 |
| Excelerate Energy, Inc. | EE | $3.7B | 94.08 | 5.40 | 5.7% | 11.02 |
| Gulfport Energy Corporation | GPOR | $3.1B |
| - |
| - |
| - |
| - |
| - |
| 7.76 |
| 1.68 |
| 21.6% |
| 4.31 |
| BKV Corporation | BKV | $3.0B | 17.08 | 1.45 | 8.5% | 8.15 |
| Delek US Holdings, Inc. | DK | $2.9B | -128.14 | 10.20 | -8.0% | 7.16 |
| Seadrill Limited | SDRL | $2.9B | - | 1.68 | -2.7% | 12.69 |
| Select Water Solutions, Inc. | WTTR | $2.7B | 127.24 | 3.35 | 2.6% | 13.33 |
| Peer Median | - | 10.85 | 2.51 | 4.2% | 7.66 | |