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Zeo Energy Corp.(ZEO)Earnings, Financials & Key Ratios
ZEO•NASDAQ
Price updated Jun 19, 2026
AboutZeo Energy Corp. is a vertically integrated provider of residential solar energy systems, other energy efficient equipment, and related services. The company is headquartered in New Port Richey, FL.Show more
- Revenue$69M-5.3%
- EBITDA-$12M-99.5%
- Net Income-$14M-424.9%
- EPS (Diluted)-0.56-124.0%
- Gross Margin55.2%+14.8%
- EBITDA Margin-17.24%-110.7%
- Operating Margin-29.61%-100.2%
- Net Margin-20.2%-454.4%
- ROE-38.28%-427.2%
ZEO Key Insights
Zeo Energy Corp. (ZEO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Healthy dividend yield of 3.5%
- ✓Trading at only 0.6x book value
- ✓Efficient asset utilization: 1.2x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ZEO Price & Volume
Zeo Energy Corp. (ZEO) stock price & volume — 10-year historical chart
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ZEO Growth Metrics
Zeo Energy Corp. (ZEO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-7.97%
TTM19.34%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-58.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM22.56%
Return on Capital
10 Years-1.07%
5 Years-1.07%
3 Years-18.3%
Last Year-43.24%
ZEO Recent Earnings
Zeo Energy Corp. (ZEO) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$0.11
—
Rev
$13M
—
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.03
—
Rev
$19M
—
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.12
—
Rev
$24M
—
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.11
—
Rev
$18M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.11 | $13M |
| Q2 2026 | Mar 31, 2026 | $0.03 | $19M |
| Q4 2025 | Nov 14, 2025 | $0.12 | $24M |
| Q3 2025 | Aug 13, 2025 | $0.11 | $18M |
Based on last 12 quarters of dataView full earnings history →
ZEO Peer Comparison
Zeo Energy Corp. (ZEO) competitors in Residential solar installers and financing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RUN | 3.23B | 13.52 | 7.91 | 45.11% | 17.9% | 12.42% | 2.99 | |
 SPWR | 127.72M | 0.78 | -11.66 | 2.92% | -8.66% | |||
 SHLS | 1.75B | 10.42 | 52.10 | 19.07% | 6.27% | 5.67% | 0.29 | |
 ENPH | 6.89B | 52.28 | 40.53 | 10.72% | 9.64% | 13.28% | 1.14 | |
 SEDG | 3.53B | 58.05 | -8.41 | 31.39% | -28.56% | -79.58% | 0.99 | |
 ARRY | 1.23B | 8.00 | -10.96 | 40.22% | -5.56% | -20.64% | 2.94 | |
 FTCI | 82.27M | 5.14 | -0.94 | 110.51% | -42.13% | |||
 CSIQ | 1.1B | 16.27 | -10.50 | -6.65% | -1.87% | -2.39% | 1.80 |
Compare ZEO vs Peers
Zeo Energy Corp. (ZEO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ZEO Income Statement
Zeo Energy Corp. (ZEO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 24.59M | 88.96M | 109.69M | 73.24M | 69.35M | 73.75M |
Revenue Growth % | - | 261.79% | 23.3% | -33.23% | -5.32% | 19.34% |
Cost of Goods Sold | 14.1M | 71.21M | 59.44M | 38.02M | 31.07M | 34.94M |
COGS % of Revenue | 57.33% | 80.04% | 54.19% | 51.91% | 44.8% | - |
Gross Profit | 10.49M▲ 0% | 17.75M▲ 69.2% | 50.25M▲ 183.0% | 35.22M▼ 29.9% | 38.28M▲ 8.7% | 38.81M▲ 0% |
Gross Margin % | 42.67% | 19.96% | 45.81% | 48.09% | 55.2% | 52.63% |
Gross Profit Growth % | - | 69.2% | 183.05% | -29.91% | 8.69% | - |
Operating Expenses | 3.43M | 9.11M | 45.12M | 46.05M | 58.82M | 50.6M |
OpEx % of Revenue | 13.95% | 10.24% | 41.13% | 62.88% | 84.81% | - |
Selling, General & Admin | 3.05M | 7.4M | 43.27M | 41.22M | 50.24M | 46.92M |
SG&A % of Revenue | 12.41% | 8.32% | 39.45% | 56.27% | 72.44% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - |
Other Operating Expenses | 379.82K | 1.71M | 1.84M | 4.84M | 8.58M | 1.5M |
Operating Income | 7.06M▲ 0% | 8.65M▲ 22.4% | 5.14M▼ 40.6% | -10.83M▼ 310.7% | -20.53M▼ 89.6% | -11.79M▲ 0% |
Operating Margin % | 28.72% | 9.72% | 4.69% | -14.79% | -29.61% | -15.98% |
Operating Income Growth % | - | 22.42% | -40.56% | -310.72% | -89.59% | - |
EBITDA | 7.44M | 10.35M | 6.98M | -5.99M | -11.96M | -7.03M |
EBITDA Margin % | 30.27% | 11.64% | 6.36% | -8.18% | -17.24% | -9.53% |
EBITDA Growth % | - | 39.09% | -32.56% | -185.85% | -99.49% | 32.69% |
D&A (Non-Cash Add-back) | 379.82K | 1.71M | 1.84M | 4.84M | 8.58M | 4.76M |
EBIT | 7.09M | 8.72M | 4.96M | -10.53M | -19.21M | -11.17M |
Net Interest Income | 0 | -51.3K | 124K | -333.54K | -155.49K | -136.07K |
Interest Income | 0 | 0 | 124K | 0 | 0 | 29.99K |
Interest Expense | 0 | 51.3K | 0 | 333.54K | 155.49K | 166.06K |
Other Income/Expense | 28.4K | 20K | -294.26K | -31.39K | 1.17M | 432.3K |
Pretax Income | 7.09M▲ 0% | 8.67M▲ 22.2% | 4.85M▼ 44.1% | -10.86M▼ 324.2% | -19.37M▼ 78.3% | -11.35M▲ 0% |
Pretax Margin % | 28.84% | 9.74% | 4.42% | -14.83% | -27.93% | -15.39% |
Income Tax | 0 | 0 | 0 | -988.8K | 263.65K | -351.98K |
Effective Tax Rate % | 0% | 0% | 0% | 9.1% | -1.36% | 3.1% |
Net Income | 7.09M▲ 0% | 8.67M▲ 22.2% | 4.85M▼ 44.1% | -2.67M▼ 155.1% | -14.01M▼ 424.9% | -11.16M▲ 0% |
Net Margin % | 28.84% | 9.74% | 4.42% | -3.64% | -20.2% | -15.13% |
Net Income Growth % | - | 22.21% | -44.09% | -155.08% | -424.89% | -58.22% |
Net Income (Continuing) | 7.09M | 8.67M | 4.85M | -9.87M | -19.63M | -11M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 131.82M | 24.94M | 29.75M |
EPS (Diluted) | 0.27▲ 0% | 0.42▲ 55.6% | -0.28▼ 166.7% | -0.25▲ 10.7% | -0.56▼ 124.0% | -0.45▲ 0% |
EPS Growth % | - | 55.56% | -166.67% | 10.71% | -124% | 22.56% |
EPS (Basic) | 0.27 | 0.42 | -0.28 | -0.25 | -0.56 | - |
Diluted Shares Outstanding | 34.5M | 34.5M | 10.72M | 10.89M | 24.94M | 24.94M |
Basic Shares Outstanding | 34.5M | 34.5M | 10.72M | 10.89M | 24.94M | 24.94M |
Dividend Payout Ratio | 104.93% | 94.69% | - | - | - | - |
ZEO Balance Sheet
Zeo Energy Corp. (ZEO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 954.24K | 3.34M | 16.23M | 18.89M | 22.55M | 18.57M |
Cash & Short-Term Investments | 450.85K | 2.27M | 8.02M | 5.63M | 6.14M | 1.73M |
Cash Only | 450.85K | 2.27M | 8.02M | 5.63M | 6.14M | 1.73M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 390.06K | 564.28K | 2.91M | 10.25M | 12.79M | 14.84M |
Days Sales Outstanding | 5.79 | 2.32 | 9.67 | 51.08 | 67.3 | 66.01 |
Inventory | 0 | 287.15K | 350.35K | 872.47K | 852.18K | 854.73K |
Days Inventory Outstanding | - | 1.47 | 2.15 | 8.38 | 10.01 | 9.3 |
Other Current Assets | 0 | 0 | 0 | 2.13M | 2.77M | 583.5K |
Total Non-Current Assets | 31.42M | 31.86M | 31.9M | 42.51M | 34.38M | 37.96M |
Property, Plant & Equipment | 939.9K | 2.72M | 4.05M | 4.19M | 4.04M | 3M |
Fixed Asset Turnover | 26.16x | 32.74x | 27.06x | 17.48x | 17.17x | 18.95x |
Goodwill | 27.01M | 27.01M | 27.01M | 27.01M | 27.09M | 27.09M |
Intangible Assets | 3.46M | 2.07M | 771.03K | 7.57M | 0 | 0 |
Long-Term Investments | 0 | 0 | 0 | 3M | 0 | 9.46M |
Other Non-Current Assets | 10.21K | 62.14K | 62.14K | 75.94K | 3.25M | 1.53M |
Total Assets | 32.37M▲ 0% | 35.2M▲ 8.7% | 48.13M▲ 36.7% | 61.4M▲ 27.6% | 56.93M▼ 7.3% | 56.53M▲ 0% |
Asset Turnover | 0.76x | 2.53x | 2.28x | 1.19x | 1.22x | 1.35x |
Asset Growth % | - | 8.74% | 36.73% | 27.57% | -7.28% | 30.28% |
Total Current Liabilities | 1.02M | 2.52M | 15.51M | 14.97M | 8.39M | 12.11M |
Accounts Payable | 675.71K | 302.11K | 4.7M | 2.78M | 3.77M | 5.01M |
Days Payables Outstanding | 17.5 | 1.55 | 28.86 | 26.7 | 44.28 | 45.12 |
Short-Term Debt | 204.42K | 229.84K | 404.87K | 3.44M | 850.44K | 1.07M |
Deferred Revenue (Current) | 0 | 0 | 0 | 203.61K | 0 | 5.93M |
Other Current Liabilities | 56.07K | 1.22M | 5.28M | 7.83M | 3.36M | 539.85K |
Current Ratio | 0.94x | 1.32x | 1.05x | 1.26x | 2.69x | 1.53x |
Quick Ratio | 0.94x | 1.21x | 1.02x | 1.20x | 2.59x | 1.46x |
Cash Conversion Cycle | - | 2.24 | -17.04 | 32.76 | 33.03 | 30.19 |
Total Non-Current Liabilities | 539.26K | 1.4M | 2.03M | 3.52M | 18.27M | 983.77K |
Long-Term Debt | 539.26K | 820.71K | 1.39M | 496.62K | 55.59K | 49.29K |
Capital Lease Obligations | 0 | 580.98K | 636.41K | 1.15M | 513.16K | 2.42M |
Deferred Tax Liabilities | 0 | 0 | 0 | 423.41K | 0 | 0 |
Other Non-Current Liabilities | 0 | -1 | 0 | 1.45M | 17.7M | 567.18K |
Total Liabilities | 1.56M | 3.93M | 17.54M | 18.49M | 26.66M | 13.1M |
Total Debt | 743.68K | 2.11M | 2.97M | 5.09M | 1.42M | 1.49M |
Net Debt | 292.83K | -162.97K | -5.05M | -544.37K | -4.72M | -244.59K |
Debt / Equity | 0.02x | 0.07x | 0.10x | 0.12x | 0.05x | 0.03x |
Debt / EBITDA | 0.10x | 0.20x | 0.43x | - | - | -0.21x |
Net Debt / EBITDA | 0.04x | -0.02x | -0.72x | - | - | 0.03x |
Interest Coverage | - | 169.94x | - | -31.56x | -123.55x | -67.25x |
Total Equity | 30.82M▲ 0% | 31.28M▲ 1.5% | 30.59M▼ 2.2% | 42.91M▲ 40.3% | 30.27M▼ 29.5% | 43.43M▲ 0% |
Equity Growth % | - | 1.49% | -2.19% | 40.28% | -29.46% | 255.65% |
Book Value per Share | 0.89 | 0.91 | 2.85 | 3.94 | 1.21 | 1.74 |
Total Shareholders' Equity | 30.82M | 31.28M | 30.59M | -88.91M | 5.33M | 13.68M |
Common Stock | 31.16M | 31.16M | 31.16M | 4.85K | 2.44K | 5.8K |
Retained Earnings | 0 | 119.98K | -564.8K | -103.44M | -58.06M | -51.39M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -340.24K | 0 | 0 | 0 | -4.89K | 8.25K |
Minority Interest | 0 | 0 | 0 | 131.82M | 24.94M | 29.75M |
ZEO Cash Flow Statement
Zeo Energy Corp. (ZEO) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | 6.88M | 10.72M | 11.98M | -8.72M | -8.69M | -7.28M |
Operating CF Margin % | 27.99% | 12.05% | 10.92% | -11.9% | -12.53% | - |
Operating CF Growth % | - | 55.77% | 11.73% | -172.78% | 0.29% | -4129.51% |
Net Income | 7.09M | 8.67M | 4.85M | -9.87M | -19.63M | -11.16M |
Depreciation & Amortization | 379.82K | 1.71M | 1.84M | 4.84M | 8.58M | 4.9B |
Stock-Based Compensation | 0 | 0 | 0 | 7.95M | 6.4M | 2.26B |
Deferred Taxes | 0 | 0 | 0 | -997.7K | 238.49K | 238.49K |
Other Non-Cash Items | 0 | 668.96K | 1.53M | 2.73M | 2.54M | 6.16B |
Working Capital Changes | -588.85K | -321.03K | 3.76M | -13.36M | -6.81M | -6.04M |
Change in Receivables | -283.86K | -916.99K | -8.77M | -3.73M | -4.3M | -8.32M |
Change in Inventory | 0 | -287.15K | -63.21K | -131.9K | 20.29K | -7.34K |
Change in Payables | -297.18K | -477.65K | 4.5M | -2.51M | 2.75M | 3.22M |
Cash from Investing | 379.13K | -1.08M | -1.03M | -7.37M | 13.37M | 10.39M |
Capital Expenditures | -707.87K | -1.08M | -1.03M | -369.14K | -1.22M | -1.06M |
CapEx % of Revenue | 2.88% | 1.21% | 0.94% | 0.5% | 1.76% | 1.43% |
Acquisitions | 1.09M | 0 | 0 | 0 | 14.6M | 14.6M |
Investments | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | -7M | 0 | -3.15M |
Cash from Financing | -6.93M | -7.82M | -5.19M | 13.7M | -4.17M | -4.27M |
Debt Issued (Net) | 509.15K | 380.69K | -15.07K | 1.99M | -3.38M | -3.32M |
Equity Issued (Net) | 0 | 0 | 0 | 11.94M | 0 | -146.9K |
Dividends Paid | -7.44M | -8.21M | 0 | -229.07K | -621.06K | -781.22K |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -160.35K |
Other Financing | 0 | 0 | -5.17M | 0 | -166.93K | -18.18K |
Net Change in Cash | 329.71K▲ 0% | 1.82M▲ 451.2% | 5.75M▲ 216.6% | -2.39M▼ 141.5% | 503.82K▲ 121.1% | -1.16M▲ 0% |
Free Cash Flow | 6.17M▲ 0% | 9.64M▲ 56.2% | 10.94M▲ 13.5% | -9.09M▼ 183.0% | -9.91M▼ 9.1% | -8.34M▲ 0% |
FCF Margin % | 25.11% | 10.84% | 9.98% | -12.4% | -14.3% | -11.3% |
FCF Growth % | - | 56.17% | 13.48% | -183.03% | -9.12% | -520.4% |
FCF per Share | 0.18 | 0.28 | 1.02 | -0.83 | -0.40 | -0.33 |
FCF Conversion (FCF/Net Income) | 0.97x | 1.24x | 2.47x | 3.27x | 0.62x | 0.75x |
Interest Paid | 5.08K | 54.74K | 103.42K | 124.49K | 0 | -110.79K |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
ZEO Key Ratios
Zeo Energy Corp. (ZEO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | 27.91% | 15.66% | -7.26% | -38.28% | -33.62% |
Return on Invested Capital (ROIC) | 20.84% | 13.61% | -23.92% | -45.35% | -26.65% |
Gross Margin | 19.96% | 45.81% | 48.09% | 55.2% | 52.63% |
Net Margin | 9.74% | 4.42% | -3.64% | -20.2% | -15.13% |
Debt / Equity | 0.07x | 0.10x | 0.12x | 0.05x | 0.03x |
Interest Coverage | 169.94x | - | -31.56x | -123.55x | -67.25x |
FCF Conversion | 1.24x | 2.47x | 3.27x | 0.62x | 0.75x |
Revenue Growth | 261.79% | 23.3% | -33.23% | -5.32% | 19.34% |
Related:ZEO Dividend History·ZEO Revenue History·ZEO Price History·ZEO P/E History·ZEO Financial Ratios·ZEO Institutional Holders
ZEO SEC Filings & Documents
Zeo Energy Corp. (ZEO) SEC filings — annual & quarterly reports (10-K, 10-Q)
ZEO Frequently Asked Questions
Zeo Energy Corp. (ZEO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Zeo Energy Corp. (ZEO) reported $73.8M in revenue for fiscal year 2025. This represents a 200% increase from $24.6M in 2021.
Zeo Energy Corp. (ZEO) saw revenue decline by 5.3% over the past year.
Zeo Energy Corp. (ZEO) reported a net loss of $11.2M for fiscal year 2025.
Dividend & Returns
Yes, Zeo Energy Corp. (ZEO) pays a dividend with a yield of 3.48%. This makes it attractive for income-focused investors.
Zeo Energy Corp. (ZEO) has a return on equity (ROE) of -38.3%. Negative ROE indicates the company is unprofitable.
Zeo Energy Corp. (ZEO) had negative free cash flow of $8.3M in fiscal year 2025, likely due to heavy capital investments.