Talen Energy
TLN Nasdaq Independent Power Producers & Energy Traders Financials FY2024–FY2025
Talen Energy's revenue rose 22.0% to $2.6 billion in fiscal 2025. Its operating margin was −3.5%, down from 10.7% a year earlier. Free cash flow was $606 million, up 254.4%. It paid out $103 million in dividends and buybacks, 17% of free cash flow. The diluted share count fell 19.1%.
About these figures. Talen Energy came out of bankruptcy in May 2023 and restarted its accounts then, so 2023 is split in two and earlier years were reported on another basis; its figures start in 2024, its first full year as a listed company again.
What Talen Energy does
No business description yet.
- Legal name
- Talen Energy Corporation
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001622536-26-000017
0001622536
Revenue and margins
Talen Energy had $2.6B of revenue in fiscal 2025, up 22.0% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $606M in fiscal 2025, 23.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Talen Energy returned $103M to shareholders in fiscal 2025, 17% of free cash flow. The diluted share count fell 19.1%.
Value Talen Energy yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$6.1B and divides by 45.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Balance sheet
Cash, debt and the ratios that show how comfortably Talen Energy can carry it.
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $328M | $689M |
| Debt incl. finance leases | $3.0B | $6.8B |
| Net debt / EBITDA | 5.1x | 32.4x |
| Debt / equity | 2.2x | 6.2x |
| Interest coverage | 1.0x | −0.3x |
| Current ratio | 2.3x | 1.3x |
| Quick ratio | 1.6x | 1.0x |
| Total assets | $6.1B | $10.9B |
| Total liabilities | $4.7B | $9.8B |
| Shareholders' equity | $1.4B | $1.1B |
| Net debt (− = net cash) | $2.7B | $6.1B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$1.0M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Gizman I AbbasDirector | Sold | 2,600 | $380.00 | $1.0M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY25 |
|---|---|
| Net income is positive | ✕ |
| Cash from operations is positive | ✓ |
| Return on assets rose | — |
| Cash from operations exceeds net income | ✓ |
| Debt fell relative to assets | — |
| Current ratio rose | ✕ |
| Share count didn't rise | ✓ |
| Gross margin rose | — |
| Revenue rose relative to assets | — |
| F-score | — / 9 |
| Accruals ratio | −10.9% |
| Altman Z'' | 0.06 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Talen Energy TLN | $15.1B | 22.0% | −3.5% | 23.5% | −1.3% | — | — | |
| AES AES | $10.7B | −0.4% | — | −13.3% | — | 5.7x | — | Compare → |
| NRG Energy NRG | $19.6B | 9.2% | 6.0% | 2.5% | 10.9% | 24.2x | 6 | Compare → |
| Spire SR | $5.0B | −4.5% | 21.2% | −13.9% | 5.2% | 15.0x | 5 | Compare → |
| Essential Utilities WTRG | $12.2B | 18.6% | 37.2% | −17.0% | 6.4% | 22.0x | 5 | Compare → |
2 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $2.1B | $2.6B |
| Operating income | $226M | −$90.0M |
| Interest expense | $238M | $302M |
| Pretax income | $1.1B | −$166M |
| Income tax | $98.0M | $53.0M |
| Net income | $998M | −$219M |
| Diluted EPS | $17.67 | −$4.79 |
| Diluted shares | 0.06B | 0.05B |
| Cash flow | ||
| Cash from operations | $256M | $704M |
| Capital expenditure | $85.0M | $98.0M |
| Free cash flow | $171M | $606M |
| Depreciation and amortization | $298M | $279M |
| Stock-based compensation | $33.0M | $526M |
| Acquisitions | $0.0M | $3.8B |
| Share buybacks | $2.0B | $103M |
| Dividends paid | $0.0M | $0.0M |
| Dividends and buybacks | $2.0B | $103M |
| Balance sheet | ||
| Cash and short-term investments | $328M | $689M |
| Total debt | $3.0B | $6.8B |
| Finance lease liabilities | $0.0M | $0.0M |
| Current assets | $1.0B | $1.3B |
| Current liabilities | $455M | $1.1B |
| Inventory | $302M | $278M |
| Property and equipment, net | $3.2B | $7.5B |
| Total assets | $6.1B | $10.9B |
| Total liabilities | $4.7B | $9.8B |
| Shareholders' equity | $1.4B | $1.1B |
| Margins | ||
| Operating margin | 10.7% | −3.5% |
| EBITDA margin | 24.8% | 7.3% |
| Net margin | 47.2% | −8.5% |
| FCF margin | 8.1% | 23.5% |
| Returns | ||
| Return on capital | — | −1.3% |
| Return on capital employed | — | −1.2% |
| Return on equity | — | −17.7% |
| Return on assets | — | −2.6% |
| Growth | ||
| Revenue growth | — | 22.0% |
| Net income growth | — | −121.9% |
| EPS growth | — | −127.1% |
| FCF growth | — | 254.4% |
| Share count change | — | −19.1% |
| Financial health | ||
| Net debt / EBITDA | 5.1x | 32.4x |
| Debt / equity | 2.2x | 6.2x |
| Interest coverage | 1.0x | −0.3x |
| Current ratio | 2.3x | 1.3x |
| Quick ratio | 1.6x | 1.0x |
| Capital allocation | ||
| Capex / revenue | 4.0% | 3.8% |
| Stock comp / revenue | 1.6% | 20.4% |
| Payouts / FCF | 1,145.0% | 17.0% |
| Quality scores | ||
| Altman Z'' | 1.0 | 0.1 |
| Accruals ratio | — | −10.9% |
Source: SEC EDGAR XBRL filings (CIK 0001622536). Data updated October 14, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.