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CIGCompanhia Energética de Minas Gerais
$2.05$5.9B
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CIG logoCompanhia Energética de Minas Gerais(CIG)Earnings, Financials & Key Ratios

CIG•NYSE•Utilities
6.2× P/E·Price updated Jun 19, 2026
SectorUtilitiesIndustryDiversified UtilitiesSub-IndustryRegulated electric and gas utilities
AboutCompanhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.Show more
  • Revenue$42.75B+7.4%
  • EBITDA$7.86B-11.4%
  • Net Income$4.9B-31.2%
  • Free Cash Flow-$2.54B-181.3%
  • EBITDA Margin18.39%-17.4%
  • Net Margin11.45%-35.9%
  • ROE17.51%-36.0%
  • Interest Coverage4.77-90.6%
  • Debt/Equity0.70+49.9%

CIG Key Insights

Companhia Energética de Minas Gerais (CIG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 23.2%
  • ✓Strong interest coverage of 4.8x
  • ✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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CIG Price & Volume

Companhia Energética de Minas Gerais (CIG) stock price & volume — 10-year historical chart

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CIG Growth Metrics

Companhia Energética de Minas Gerais (CIG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.93%
5 Years11.13%
3 Years7.45%
TTM-37.62%

Profit CAGR

10 Years7.09%
5 Years11.32%
3 Years6.17%
TTM-64.05%

EPS CAGR

10 Years2.72%
5 Years11.2%
3 Years5.93%
TTM-30.61%

Return on Capital

10 Years11.55%
5 Years14.91%
3 Years14.92%
Last Year12.9%

CIG Recent Earnings

Companhia Energética de Minas Gerais (CIG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.07+33.0%
$0.05
Rev
$2.0B+8.9%
$1.9B
Q2 2026
Mar 23, 2026
Metric
Actual
Est
EPS
$0.13+146.3%
$0.05
Rev
$2.2B+18.1%
$1.9B
Q2 2026
Mar 20, 2026
Metric
Actual
Est
EPS
$0.13+138.9%
$0.05
Rev
$2.2B+18.1%
$1.9B
Q4 2025
Nov 14, 2025
Metric
Actual
Est
EPS
$0.05-24.8%
$0.07
Rev
$2.0B+23.1%
$1.6B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.07vs $0.05+33.0%
$2.0Bvs $1.9B+8.9%
Q2 2026Mar 23, 2026
$0.13vs $0.05+146.3%
$2.2Bvs $1.9B+18.1%
Q2 2026Mar 20, 2026
$0.13vs $0.05+138.9%
$2.2Bvs $1.9B+18.1%
Q4 2025Nov 14, 2025
$0.05vs $0.07-24.8%
$2.0Bvs $1.6B+23.1%
Based on last 12 quarters of dataView full earnings history →

CIG Peer Comparison

Companhia Energética de Minas Gerais (CIG) competitors in Regulated electric and gas utilities — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ELP logoELPCompanhia Paranaense de Energia - COPELDirect Competitor7.25M9.272.975.45%8.85%8.54%0.69
SBS logoSBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESPDirect Competitor17.94B5.2511.113.32%22.04%20.21%0.94
ERJ logoERJEmbraer S.A.Direct Competitor12B65.4334.0821.38%4.34%8.78%0.78
UGP logoUGPUltrapar Participações S.A.Direct Competitor5.22B4.8011.226.64%1.72%13.89%1.23
EXC logoEXCExelon CorporationProduct Competitor46.87B45.8116.725.34%11.21%9.76%1.76
DUK logoDUKDuke Energy CorporationProduct Competitor96.56B123.8619.636.19%15.44%9.6%1.71
AEP logoAEPAmerican Electric Power Company, Inc.Product Competitor69.48B127.6919.179.37%16.49%11.45%1.56
SO logoSOThe Southern CompanyProduct Competitor104.94B93.0923.7510.59%14.46%11.3%1.69

Compare CIG vs Peers

Companhia Energética de Minas Gerais (CIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ELP

Most directly comparable listed peer for CIG.

Scale Benchmark

vs GE

Larger-name benchmark to compare CIG against a more recognizable public peer.

Peer Set

Compare Top 5

vs ELP, SBS, ERJ, UGP

CIG Income Statement

Companhia Energética de Minas Gerais (CIG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
21.71B22.3B25.49B25.23B33.65B34.46B36.85B39.82B42.75B25.53B
Revenue Growth %
15.66%2.7%14.29%-1.01%33.37%2.43%6.93%8.06%7.36%-37.62%
Cost of Revenue
17.49B17.68B19.6B19.84B26.92B27.65B28.47B31.99B35.51B22.13B
Gross Profit
4.22B▲ 0%
4.62B▲ 9.4%
5.89B▲ 27.4%
5.38B▼ 8.6%
6.72B▲ 24.9%
6.81B▲ 1.3%
8.38B▲ 23.1%
7.83B▼ 6.6%
7.24B▼ 7.6%
3.39B▲ 0%
Gross Margin %
19.45%20.73%23.1%21.34%19.98%19.77%22.75%19.66%16.93%13.3%
Gross Profit Growth %
-2.74%9.42%27.39%-8.58%24.89%1.32%23.08%-6.61%-7.57%-
Operating Expenses
1.58B4.62B5.89B677M-228M1.13B2.17B338M909M581.02M
Other Operating Expenses
----------
EBITDA
3.49B3.73B3.97B5.7B8B6.87B7.49B8.87B7.86B3.68B
EBITDA Margin %
16.08%16.72%15.58%22.57%23.78%19.93%20.32%22.27%18.39%14.42%
EBITDA Growth %
32.37%6.79%6.46%43.45%40.47%-14.15%9.01%18.45%-11.36%-57.84%
Depreciation & Amortization
850M850M958M989M1.05B1.18B1.27B1.38B1.53B867.32M
D&A / Revenue %
3.91%3.81%3.76%3.92%3.12%3.43%3.46%3.46%3.59%3.4%
Operating Income (EBIT)
2.64B▲ 0%
2.88B▲ 9.0%
3.01B▲ 4.6%
4.71B▲ 56.2%
6.95B▲ 47.7%
5.69B▼ 18.2%
6.21B▲ 9.3%
7.49B▲ 20.6%
6.33B▼ 15.5%
2.81B▲ 0%
Operating Margin %
12.17%12.91%11.82%18.65%20.66%16.5%16.86%18.81%14.8%11.02%
Operating Income Growth %
46.45%8.97%4.62%56.24%47.71%-18.2%9.27%20.59%-15.54%-
Interest Expense
1.6B1.36B342.05M245.18M232.43M196.8M238.5M204.8M1.5B4M
Interest Coverage
2.03x2.48x17.22x21.24x25.24x25.69x33.03x50.62x4.77x-
Interest / Revenue %
7.36%6.09%1.34%0.97%0.69%0.57%0.65%0.51%3.52%0.02%
Non-Operating Income
-1000K-1000K1000K-1000K-1000K-1000K1000K1000K-1000K0
Pretax Income
1.65B▲ 0%
2.01B▲ 22.2%
4.57B▲ 127.3%
3.8B▼ 16.8%
4.7B▲ 23.6%
4.12B▼ 12.3%
6.85B▲ 66.3%
9.36B▲ 36.6%
5.67B▼ 39.4%
2.84B▲ 0%
Pretax Margin %
7.58%9.02%17.93%15.07%13.97%11.95%18.59%23.5%13.26%11.12%
Income Tax
644M610M1.6B936M946M26M1.08B2.24B771M319.07M
Effective Tax Rate %
39.13%30.33%34.99%24.63%20.13%0.63%15.82%23.93%13.6%11.24%
Net Income
1B▲ 0%
1.72B▲ 72.0%
3.19B▲ 85.5%
2.86B▼ 10.3%
3.75B▲ 31.0%
4.09B▲ 9.1%
5.76B▲ 40.9%
7.12B▲ 23.5%
4.9B▼ 31.2%
2.52B▲ 0%
Net Margin %
4.61%7.72%12.53%11.35%11.15%11.87%15.64%17.87%11.45%9.86%
Net Income Growth %
199.7%72.03%85.48%-10.33%30.97%9.09%40.86%23.47%-31.19%-64.05%
EPS (Diluted)
0.35▲ 0%
0.69▲ 97.1%
1.12▲ 62.3%
1.00▼ 10.7%
1.31▲ 31.0%
1.43▲ 9.2%
2.01▲ 40.6%
2.49▲ 23.9%
1.70▼ 31.7%
0.88▲ 0%
EPS Growth %
169.23%97.14%62.32%-10.71%31%9.16%40.56%23.88%-31.73%-30.61%
EPS (Basic)
0.350.691.121.001.311.432.012.491.70-
Diluted Shares Outstanding
2.86B2.45B2.86B2.86B2.86B2.86B2.86B2.86B2.86B2.86B

CIG Balance Sheet

Companhia Energética de Minas Gerais (CIG) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
42.24B60.34B50.53B54.08B52.05B53.67B55B59.73B66.99B67.34B
Asset Growth %
0.49%42.85%-16.26%7.04%-3.77%3.12%2.48%8.59%12.17%32.07%
PP&E (Net)
2.76B2.66B2.73B2.62B2.65B2.74B3.65B4.1B4.56B4.56B
PP&E / Total Assets %
6.54%4.41%5.4%4.84%5.08%5.1%6.64%6.87%6.8%6.77%
Total Current Assets
8.54B27.97B10.35B15.46B12.95B13.46B11.87B12.23B14.47B14.24B
Cash & Equivalents
1.03B891M536M1.68B825M1.44B1.54B1.9B1.9B1.36B
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory
38M36M39M0000000
Other Current Assets
736M20.23B2.51B5.05B862M889M1.36B1.42B2.25B4.1B
Long-Term Investments
14.43B9.16B9.17B9.98B10.43B10.18B10.36B10.24B25.43B57.99B
Goodwill
0000000000
Intangible Assets
11.16B10.78B11.62B11.81B12.95B14.62B15.25B16.81B18.54B18.47B
Other Assets
3.49B7.63B14.22B11.77B10.61B9.55B10.83B14.02B2.15B2.2B
Total Liabilities
27.91B44.26B34.42B36.6B32.58B31.89B30.34B32.34B38.43B38.8B
Total Debt
14.4B14.77B15.06B15.25B11.61B10.94B10.26B12.71B19.87B19.77B
Net Debt
13.37B13.88B14.53B13.57B10.78B9.49B8.73B10.81B17.97B18.41B
Long-Term Debt
12.03B12.57B12.03B12.96B9.9B9.63B7.2B9.4B16.41B16.32B
Short-Term Borrowings
2.37B2.2B2.75B2.06B1.47B955M2.63B2.88B3.14B3.13B
Capital Lease Obligations
00288M227M244M354M433M429M327.95M1.49B
Total Current Liabilities
8.66B23.44B7.96B9.69B10.69B11.2B13.09B14.14B14.46B15.29B
Accounts Payable
2.34B1.8B2.08B2.36B2.92B3.29B3.72B4.2B3.04B3.13B
Accrued Expenses
635M1.15B944M1.66B2.13B2.12B3.16B3.83B913.11M6.35B
Deferred Revenue
233M79M00000000
Other Current Liabilities
2.26B17.65B1.56B2.47B2.69B2.5B1.89B1.74B4.31B8.41B
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K3.11B
Other Liabilities
6.49B7.44B13.46B12.73B10.85B9.83B8.58B6.9B5.67B5.33B
Total Equity
14.33B▲ 0%
16.08B▲ 12.2%
16.1B▲ 0.1%
17.48B▲ 8.5%
19.46B▲ 11.4%
21.78B▲ 11.9%
24.66B▲ 13.2%
27.38B▲ 11.1%
28.57B▲ 4.3%
28.54B▲ 0%
Equity Growth %
10.79%12.24%0.12%8.54%11.35%11.93%13.18%11.06%4.33%15.68%
Shareholders Equity
14.33B14.72B16.1B17.47B19.46B21.78B24.65B27.38B28.56B28.53B
Minority Interest
4M1.36B4M4M5M6M6M5M5.32M5.7M
Common Stock
6.29B7.29B7.29B7.59B8.47B11.01B11.01B14.31B14.3B14.13B
Additional Paid-in Capital
1.93B2.25B2.25B2.25B2.25B2.25B2.25B394.45M00
Retained Earnings
5.73B6.36B8.96B10.06B10.95B10.39B13.04B13.58B11.48B11.67B
Accumulated OCI
378.71M-1.33B-2.41B-2.43B-2.21B-1.87B-1.65B-899.86M2.78B2.73B
Return on Assets (ROA)
2.38%3.36%5.76%5.48%7.07%7.74%10.61%12.41%7.73%3.84%
Return on Equity (ROE)
7.34%11.32%19.85%17.06%20.31%19.84%24.82%27.35%17.51%8.81%
Debt / Equity
1.00x0.92x0.94x0.87x0.60x0.50x0.42x0.46x0.70x0.69x
Debt / Assets
34.09%24.48%29.82%28.19%22.3%20.37%18.66%21.28%29.66%29.35%
Net Debt / EBITDA
3.83x3.72x3.66x2.38x1.35x1.38x1.17x1.22x2.29x5.00x
Book Value per Share
5.016.565.636.16.87.618.629.579.999.98

CIG Cash Flow Statement

Companhia Energética de Minas Gerais (CIG) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
580M1.01B2.04B8.61B3.69B6.61B6.64B5.5B4B3.83B
Operating CF Growth %
-52.18%73.79%101.98%322.74%-57.19%79.46%0.47%-17.28%-27.28%-141.41%
Operating CF / Revenue %
2.67%4.52%7.99%34.12%10.95%19.19%18.03%13.8%9.35%15.01%
Net Income
1B1.7B3.13B2.87B3.75B1.41B5.76B7.12B4.8B2.52B
Depreciation & Amortization
850M849M958M1B1.05B1.18B1.27B1.38B1.5B1.58B
Deferred Taxes
644M-650M-2.84B252M-1.53B-734M-825M1.73B205.37M375.62M
Other Non-Cash Items
-402M581M-189M412.11M-159.46M3.92B-78.7M-5.18B-2.35B-3.1B
Working Capital Changes
-1.18B820M980M4.07B569.46M841M509.7M453M-160.2M120.94M
Capital Expenditures
-856M-877M-1.93B-5.08B1.37B-3.21B-3.97B-2.38B-6.53B-5.52B
CapEx / Revenue %
3.94%3.93%7.56%20.12%4.07%9.3%10.77%5.97%15.28%21.63%
CapEx / D&A
1.01x1.03x2.01x5.05x1.31x2.71x3.11x1.73x4.35x3.49x
CapEx Coverage (OCF/CapEx)
0.68x1.15x1.06x1.70x2.69x2.06x1.67x2.31x0.61x0.69x
Cash from Investing
-386M-211M-1.19B-5.08B1.37B-3.21B-3.97B-2.38B-6.53B-5.52B
Acquisitions
474M70M38.27M27M1.31B-3.46B632M2.79B90.86M61.62M
Purchase of Investments
-4M30M-38.27M-3.37B-51M-52.3M-11.27B-16.63B-16.99B-8.35B
Sale of Investments
766M596M80M-41M2.05B200M12.36B16.92B17.78B8.8B
Other Investing
-766M-30M659M-1.52B-1.7B394.3M-4.61B-4.79B-6.36B-5.26B
Cash from Financing
-158M-937M-1.2B-2.39B-5.91B-2.79B-2.58B-2.76B2.54B-178.45M
Dividends Paid
-540M-509M-701.14M-598.13M-1.42B-2.09B-1.82B-4.29B-3.89B-3.96B
Dividend Payout Ratio %
53.95%29.54%21.95%20.88%37.76%51.17%31.63%60.33%79.44%-
Debt Issuance (Net)
-1000K-1000K-1000K-1000K-1000K-1000K-1000K1000K1000K1000K
Stock Issued
1.22B109.55M00000000
Share Repurchases
2.08B000000000
Other Financing
1.2B109M137K135K-256K907K-67.44M0-79.91M-37.42M
Net Change in Cash
35M▲ 0%
-140M▼ 500.0%
-355M▼ 153.6%
1.14B▲ 422.3%
-855M▼ 174.7%
616M▲ 172.0%
96M▼ 84.4%
361M▲ 276.0%
217.8M▼ 39.7%
-1.81B▲ 0%
Exchange Rate Effect
-1M1M000000214.46M54.28M
Cash at Beginning
995M1.03B891M536M1.68B825M1.44B1.54B1.68B1.79B
Cash at End
1.03B890M536M1.68B825M1.44B1.54B1.9B1.9B1.36B
Free Cash Flow
-276M▲ 0%
131M▲ 147.5%
109M▼ 16.8%
3.53B▲ 3139.4%
5.05B▲ 43.2%
3.41B▼ 32.6%
2.68B▼ 21.4%
3.12B▲ 16.5%
-2.54B▼ 181.3%
-1.69B▲ 0%
FCF Growth %
6.44%147.46%-16.79%3139.45%43.16%-32.6%-21.43%16.55%-181.27%-245.59%
FCF Margin %
-1.27%0.59%0.43%14%15.02%9.89%7.26%7.84%-5.93%-6.62%
FCF / Net Income %
-27.57%7.61%3.41%123.29%134.76%83.26%46.44%43.84%-51.78%-67.12%

CIG Key Ratios

Companhia Energética de Minas Gerais (CIG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
7.34%11.32%19.85%17.06%20.31%19.84%24.82%27.35%17.51%8.81%
EBITDA Margin
16.08%16.72%15.58%22.57%23.78%19.93%20.32%22.27%18.39%14.42%
Net Debt / EBITDA
3.83x3.72x3.66x2.38x1.35x1.38x1.17x1.22x2.29x5.00x
Interest Coverage
2.03x2.48x17.22x21.24x25.24x25.69x33.03x50.62x4.77x-
CapEx / Revenue
3.94%3.93%7.56%20.12%4.07%9.3%10.77%5.97%15.28%21.63%
Dividend Payout Ratio
53.95%29.54%21.95%20.88%37.76%51.17%31.63%60.33%79.44%157.15%
Debt / Equity
1.00x0.92x0.94x0.87x0.60x0.50x0.42x0.46x0.70x0.69x
EPS Growth
169.23%97.14%62.32%-10.71%31%9.16%40.56%23.88%-31.73%-30.61%
Related:CIG Dividend History·CIG Revenue History·CIG Price History·CIG P/E History·CIG Financial Ratios·CIG Institutional Holders

CIG Frequently Asked Questions

Companhia Energética de Minas Gerais (CIG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Companhia Energética de Minas Gerais (CIG) reported $25.53B in revenue for fiscal year 2025. This represents a 580% increase from $3.76B in 2000.

Companhia Energética de Minas Gerais (CIG) grew revenue by 7.4% over the past year. This is steady growth.

Yes, Companhia Energética de Minas Gerais (CIG) is profitable, generating $2.52B in net income for fiscal year 2025 (11.5% net margin).

Dividend & Returns

Yes, Companhia Energética de Minas Gerais (CIG) pays a dividend with a yield of 12.96%. This makes it attractive for income-focused investors.

Companhia Energética de Minas Gerais (CIG) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.

Companhia Energética de Minas Gerais (CIG) had negative free cash flow of $1.69B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

Companhia Energética de Minas Gerais (CIG) has a dividend payout ratio of 79%. The dividend is reasonably covered.

What if you invested $1,000 in CIG back in 2000?

Total return calculator · dividends reinvested · 26+ years of data

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How much would $100/month in CIG be worth today?

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