Sempra (SRE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.06	$1.16	+9.4%	—	—	—
Q4 26	$1.51	$1.51	0.0%	—	—	—
Q3 26	$1.17	$1.28	+9.4%	—	—	—
Q2 26	$0.91	$1.11	+22.0%	—	—	—
Q1 26	$0.85	$0.89	+4.7%	—	—	—
Q4 25	$1.32	$1.44	+9.1%	—	—	—
Q3 25	$1.55	$1.5	-3.2%	—	—	—
Q2 25	$1.07	$0.89	-16.8%	—	—	—
Q1 25	$0.94	$0.89	-5.3%	—	—	—
Q4 24	$1.29	$1.34	+3.9%	—	—	—
Q3 24	$1.08	$1.13	+4.6%	—	—	—
Q2 24	$1.01	$1.08	+6.9%	—	—	—
Q1 24	$0.87	$0.94	+8.0%	—	—	—
Q4 23	$1.38	$1.46	+5.8%	—	—	—
Q3 23	$1.02	$1.18	+15.7%	—	—	—
Q2 23	$0.89	$0.99	+11.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.75	—	—	$13.7B	—
FY24	—	$4.44	—	—	$13.2B	—
FY23	—	$4.81	—	—	$16.7B	—
FY22	—	$3.33	—	—	$14.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.2B	$9.6B	$10.1B	$10.8B	$11.4B	$12.9B	$14.4B	$16.7B	$13.2B	$13.7B
YoY change	-0.47%	-5.33%	+4.79%	+7.2%	+5%	+13.1%	+12.3%	+15.8%	-21.1%	+3.92%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.2B	9.6B	10.1B	10.8B	11.4B	12.9B	14.4B	16.7B	13.2B	13.7B
Cost of revenue	6.8B	5.7B	6.1B	6.1B	6.3B	7.6B	9.2B	10.1B	7.1B	7.3B
Gross profit	3.4B	3.9B	4B	4.7B	5B	5.3B	5.2B	6.6B	6.1B	6.4B
Gross margin	32.9%	40.7%	39.9%	43.3%	44.3%	41.2%	36.1%	39.6%	46.2%	46.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	426M	436M	472M	496M	543M	596M	635M	—	—	—
Operating income	1.6B	2B	2.1B	2.6B	2.8B	2.8B	2.6B	3.7B	3B	3.1B
Operating margin	15.9%	21.2%	20.5%	24.3%	24.9%	22.1%	17.7%	22.2%	22.5%	22.5%
Non-operating income, net	732M	-204M	-553M	83M	-372M	-1.5B	-261M	53M	61M	-575M
Pretax income	1.8B	1.2B	714M	1.7B	1.5B	219M	1.3B	2.6B	2.1B	1.2B
Income tax	389M	938M	-49M	315M	249M	99M	556M	490M	219M	701M
Net income	1.5B	351M	1.1B	2.4B	4.1B	1.5B	2.3B	3.6B	3.5B	2.1B
Net margin	14.9%	3.64%	11.1%	21.8%	36.1%	11.4%	15.8%	21.6%	26.5%	15.1%
EBITDA	3.6B	3.5B	3.6B	4.2B	4.5B	4.7B	4.6B	6B	5.4B	5.7B
EPS	2.74	0.51	1.73	3.7	6.46	2.02	3.33	4.81	4.44	2.75
Diluted EPS	2.73	0.51	1.71	3.65	6.44	2	3.31	4.79	4.42	2.75

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.3B	3.5B	3.6B	3B	2.8B	3.8B	3.8B	3B	3.2B	3.7B	3.7B	3B
Cost of revenue	2B	2.1B	2B	1.7B	1.5B	1.9B	2B	1.6B	1.8B	1.9B	1.7B	1.4B
Gross profit	1.3B	1.4B	1.7B	1.3B	1.2B	1.9B	1.8B	1.4B	1.4B	1.8B	1.9B	1.6B
Gross margin	40.3%	40.8%	46%	44.2%	44.5%	49.2%	47.2%	46.7%	42.9%	49%	52.6%	54.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	613M	680M	898M	572M	446M	1B	959M	584M	497M	1B	1.1B	832M
Operating margin	18.4%	19.5%	24.7%	19%	16.1%	27.8%	25.2%	19.5%	15.8%	27.7%	29.8%	27.8%
Non-operating income, net	-16M	34M	81M	6M	39M	-65M	70M	39M	20M	-704M	81M	44M
Pretax income	323M	452M	705M	308M	200M	897M	651M	298M	160M	60M	848M	507M
Income tax	-52M	-9M	172M	-130M	-105M	282M	57M	172M	482M	-10M	65M	112M
Net income	854M	856M	881M	871M	759M	989M	919M	519M	150M	484M	1.1B	942M
Net margin	25.6%	24.5%	24.2%	28.9%	27.3%	26.3%	24.2%	17.3%	4.76%	12.9%	31.5%	31.4%
EBITDA	1.2B	1.3B	1.6B	1.2B	1.1B	1.6B	1.7B	1.2B	1.2B	1.6B	1.8B	1.5B
EPS	1.14	1.17	1.27	1.13	1.01	1.05	1.39	0.71	0.12	0.54	1.59	1.22
Diluted EPS	1.14	1.16	1.26	1.12	1	1.04	1.39	0.71	0.12	0.54	1.58	1.21

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	25.2B	26.9B	29B	42.1B	37.1B	41.2B	48.7B	47.1B	55.6B	57.6B	50.3B
Enterprise value	42B	46B	53.5B	67.8B	60.3B	65.3B	77.3B	77.9B	89.9B	92.6B	98.2B
Shares outstanding	500.4M	503.1M	536.1M	555.8M	582.2M	623.5M	630.3M	630.3M	633.8M	652.7M	652.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.6	76.6	25.8	17.8	9.03	28.2	21.3	13	15.9	27.8	22.6
P/S	2.47	2.79	2.87	3.89	3.26	3.21	3.37	2.82	4.22	4.21	3.76
P/B	1.65	1.78	1.51	1.93	1.49	1.5	1.66	1.4	1.47	1.37	1.56
EV/EBITDA	11.6	13.2	14.8	16.3	13.5	13.9	16.8	13	16.6	16.3	16.7
EV/Sales	4.12	4.77	5.29	6.26	5.31	5.08	5.35	4.66	6.82	6.76	7.25
Earnings yield	6.03%	1.31%	3.88%	5.61%	11.1%	3.55%	4.69%	7.68%	6.3%	3.6%	4.43%
FCF yield	-7.56%	-0.3%	-0.1%	-1.47%	-5.62%	-2.84%	-8.65%	-4.63%	-5.95%	-10.5%	-55%
PEG	—	—	—	—	—	—	—	—	—	—	0.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.9%	40.7%	39.9%	43.3%	44.3%	41.2%	36.1%	39.6%	46.2%	46.6%	54.7%
Operating margin	15.9%	21.2%	20.5%	24.3%	24.9%	22.1%	17.7%	22.2%	22.5%	22.5%	28.3%
Net margin	14.9%	3.64%	11.1%	21.8%	36.1%	11.4%	15.8%	21.6%	26.5%	15.1%	16.8%
ROE	9.97%	2.32%	5.85%	10.8%	16.5%	5.34%	7.81%	10.8%	9.26%	4.93%	6.68%
ROA	3.18%	0.7%	1.86%	3.6%	6.16%	2.03%	2.91%	4.15%	3.64%	1.87%	1.96%
ROIC	3.97%	1.48%	4.73%	4.52%	4.9%	3.03%	2.59%	4.69%	3.68%	1.6%	2.54%
Return on tangible assets	3.62%	0.79%	1.98%	3.81%	6.51%	2.15%	3.06%	4.34%	3.79%	1.87%	2.36%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.52	0.5	0.48	0.36	0.66	0.44	0.6	0.54	0.55	1.59	1.64
Quick ratio	0.48	0.46	0.45	0.33	0.61	0.4	0.56	0.49	0.49	1.57	1.62
Debt / equity	1.12	1.28	1.28	1.18	0.97	0.9	0.99	0.92	0.95	0.83	0.85
Debt / assets	0.36	0.38	0.41	0.39	0.36	0.34	0.37	0.36	0.37	0.32	0.32
Net debt / EBITDA	4.66	5.48	6.78	6.19	5.2	5.13	6.22	5.15	6.32	6.16	6.02
Interest coverage	4.3	3.01	1.81	2.61	2.38	1.18	2.27	3.01	3.01	1.76	2.01
Effective tax rate	21.3%	75.2%	0%	18.2%	16.7%	45.2%	41.4%	18.7%	10.4%	60%	41.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.3	19.2	18.8	19.5	19.5	20.6	22.9	26.5	20.8	21	20.7
EPS (basic)	2.74	0.51	1.73	3.7	6.46	2.02	3.33	4.81	4.44	2.75	2.75
EPS (diluted)	2.73	0.51	1.71	3.65	6.44	2	3.31	4.79	4.42	2.75	3.45
Book value per share	30.5	30.1	35.9	39.2	42.8	44	46.4	53.4	59.6	64.3	50
FCF per share	-3.8	-0.16	-0.05	-1.12	-3.58	-1.88	-6.69	-3.46	-5.22	-9.26	-7.99
Cash per share	0.7	0.57	0.19	0.19	1.65	0.9	0.59	0.37	2.47	0.04	0.07
Capex per share	8.42	7.36	6.61	6.67	8.03	—	—	—	—	16.3	16.2

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	41.4%	38.4%	35.1%	34.2%	41.1%	—	—	—	—	77.4%	78.7%
Capex / operating cash flow	141.8%	123.9%	137.5%	120.3%	117.3%	—	—	—	—	232.5%	196.8%
Payout ratio	45.2%	215.1%	85.8%	48.1%	32.4%	97.7%	64.5%	42.2%	44.1%	79.3%	75.5%
Dividend yield	2.73%	2.81%	3.33%	2.7%	3.59%	3.47%	3.03%	3.24%	2.78%	2.85%	3.45%

Yield

3.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.658

ex-dividend Sep 24, 2026

Payout ratio

76%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 24, 2026	$0.658
Jun 25, 2026	$0.658
Mar 19, 2026	$0.658

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.3B	$3.5B	$3.6B	$3B	$2.8B	$3.8B	$3.8B	$3B	$3.2B	$3.7B	$3.7B	$3B
YoY change	-7.82%	+1.04%	-44.5%	-9.72%	-16.7%	+7.65%	+4.45%	-0.37%	+13.5%	-0.24%	-3.87%	-0.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	349M	288M	102M	108M	960M	559M	370M	236M	1.6B	29M
Receivables	1.4B	1.3B	1.2B	1.3B	1.6B	2.1B	2.6B	2.2B	2B	1.8B
Inventory	258M	307M	258M	277M	308M	389M	403M	482M	559M	561M
Total current assets	3.1B	3.3B	3.6B	3.3B	4.5B	4.4B	5.9B	5.5B	5.3B	34.8B
Property, plant & equipment	-6B	-7.4B	-8.9B	-8.4B	-8.4B	-9.5B	-9.7B	-7B	-4.3B	-12.6B
Goodwill & intangibles	5.8B	6B	3.7B	3.6B	3.6B	3.9B	3.9B	3.8B	3.8B	0
Total assets	47.8B	50.5B	60.6B	65.7B	66.6B	72B	78.6B	87.2B	96.2B	110.9B
Accounts payable	1.3B	1.4B	1.2B	1.2B	1.4B	1.7B	2B	2.2B	2.2B	1.5B
Short-term debt	2.7B	3B	3.7B	5B	2.4B	3.6B	4.4B	3.3B	4.3B	6B
Total current liabilities	5.9B	6.6B	7.5B	9.2B	6.8B	10B	9.9B	10.1B	9.7B	21.9B
Long-term debt	14.4B	16.4B	20.9B	20.8B	21.8B	21.1B	24.5B	27.8B	31.6B	29B
Total liabilities	32.5B	35.3B	41.4B	43.9B	41.7B	44.6B	49.3B	53.5B	58.4B	68.9B
Shareholders' equity	15.2B	15.1B	19.2B	21.8B	24.9B	27.4B	29.3B	33.7B	37.8B	42B
Total debt	17.1B	19.4B	24.6B	25.8B	24.2B	24.6B	28.9B	31.1B	35.8B	35B
Net debt	16.8B	19.1B	24.5B	25.7B	23.2B	24.1B	28.5B	30.8B	34.3B	35B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.1B	236M	606M	228M	560M	1.6B	1.7B	155M	5M	29M	794M	48M
Receivables	1.9B	2.2B	2.1B	1.6B	1.7B	2B	2.1B	1.6B	1.4B	1.8B	1.6B	1.4B
Inventory	451M	482M	458M	467M	519M	559M	568M	625M	565M	561M	530M	496M
Total current assets	5.3B	5.5B	5.6B	4.4B	5.1B	5.3B	5.7B	4.2B	31.7B	34.8B	36.2B	36.3B
Property, plant & equipment	53.9B	-7B	57B	58.4B	60.2B	-4.3B	64.2B	66B	49.6B	-12.6B	50.5B	51B
Goodwill & intangibles	3.9B	3.8B	3.8B	3.8B	3.8B	3.8B	3.8B	3.8B	0	0	—	—
Total assets	85.7B	87.2B	89.6B	90.5B	93.7B	96.2B	99B	99.9B	106.9B	110.9B	113.5B	115.3B
Accounts payable	2.2B	2.2B	2B	1.8B	2B	2.2B	2B	2B	1.3B	1.5B	1.1B	1.2B
Short-term debt	3B	3.3B	2.3B	3.9B	3.4B	4.3B	4.4B	3.7B	3.7B	6B	5.6B	5.6B
Total current liabilities	8.8B	10.1B	9.1B	9.5B	9.8B	9.7B	9.9B	8.6B	20B	21.9B	21.4B	22.1B
Long-term debt	27.7B	27.8B	29.5B	29B	31B	31.6B	33.3B	34.9B	29B	29B	30.8B	31B
Total liabilities	52.5B	53.5B	54.9B	55.1B	57.9B	58.4B	60.8B	61.6B	66.7B	68.9B	70.8B	72B
Shareholders' equity	33.3B	33.7B	34.7B	35.4B	35.9B	37.8B	38.2B	38.3B	40.2B	42B	42.7B	43.3B
Total debt	30.7B	31.1B	31.8B	32.9B	34.4B	35.8B	37.7B	38.6B	32.7B	35B	36.4B	36.7B
Net debt	29.5B	30.8B	31.2B	32.6B	33.8B	34.3B	36B	38.4B	32.7B	35B	35.6B	36.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.5B	382M	938M	2.4B	4.1B	1.5B	2.3B	3.6B	3.5B	2.1B
Depreciation & amortization	1.3B	1.4B	1.5B	1.6B	1.7B	1.9B	2B	2.2B	2.4B	2.6B
Stock-based compensation	52M	82M	83M	75M	71M	63M	71M	80M	86M	64M
Change in working capital	-138M	179M	202M	-807M	-306M	583M	-4B	835M	-612M	-975M
Operating cash flow	3B	3B	2.6B	3.1B	4B	4B	777M	7B	5.4B	4.6B
Capital expenditure	-4.2B	-3.7B	-3.5B	-3.7B	-4.7B	—	—	—	—	-10.6B
Investing cash flow	-4.9B	-4.7B	-22.6B	-6.4B	-6B	-859M	318M	-319M	-912M	-12.5B
Dividends paid	-687M	-755M	-966M	-1.1B	-1.3B	-1.4B	-1.5B	-1.5B	-1.5B	-1.6B
Share repurchases	-56M	-15M	-21M	-26M	-566M	-339M	-478M	-32M	-43M	-958M
Financing cash flow	2.5B	985M	9B	2.1B	-2.8B	1.3B	3.8B	2.4B	5.4B	9.9B
Net change in cash	614M	-726M	-11B	-1.2B	-4.8B	4.4B	4.9B	9.1B	9.9B	2B
Free cash flow	-1.9B	-80M	-28M	-620M	-2.1B	-1.2B	-4.2B	-2.2B	-3.3B	-6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	854M	856M	881M	871M	759M	989M	919M	519M	150M	484M	1.1B	942M
Depreciation & amortization	563M	576M	594M	603M	614M	626M	640M	653M	662M	608M	621M	612M
Stock-based compensation	22M	27M	21M	20M	22M	23M	-2M	13M	14M	39M	25M	19M
Change in working capital	93M	-1.1B	269M	-446M	-29M	-431M	-130M	-355M	-148M	-86M	-150M	-2M
Operating cash flow	1.5B	307M	1.9B	865M	1.2B	1.4B	1.4B	784M	1.1B	1.2B	1.8B	1.3B
Capital expenditure	—	—	—	—	—	—	—	-2.3B	-2.6B	-3.4B	-2.5B	-2.2B
Investing cash flow	-91M	-89M	-174M	-164M	-193M	-381M	-449M	-2.8B	-3B	-3.9B	-3.3B	-2.9B
Dividends paid	-375M	-396M	-362M	-401M	-380M	-400M	-380M	-429M	-408M	-426M	-409M	-417M
Share repurchases	-1M	0	-40M	0	-1M	-2M	-57M	-1M	0	-900M	-20M	-1M
Financing cash flow	1.1B	221M	700M	599M	1.4B	2.4B	1.4B	485M	4.8B	3.3B	1.5B	740M
Net change in cash	2.5B	439M	2.4B	1.3B	2.4B	3.4B	2.3B	-1.5B	2.8B	526M	-48M	-805M
Free cash flow	-400M	-1.2B	-82M	-1.2B	-913M	-1.1B	-854M	-1.5B	-1.5B	-2.2B	-652M	-918M

Date	Ratio
Aug 22, 2023	2:1
May 28, 1992	2:1

Sempra Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history