Companhia Energética de Minas Gerais(CIG)Earnings, Financials & Key Ratios

CIG•NYSE•Utilities

$2.39

$6.84B mkt cap·7.0× P/E·Price updated May 7, 2026

SectorUtilities IndustryDiversified Utilities Sub-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$41.91B+5.3%
EBITDA$7.41B-16.5%
Net Income$4.8B-32.5%
Free Cash Flow-$2.54B-181.3%
EBITDA Margin17.68%-20.6%
Net Margin11.46%-35.9%
ROE17.16%-37.3%
Interest Coverage3.75-92.6%
Debt/Equity0.70+49.9%
Net Debt/EBITDA2.43+99.0%
CapEx / Revenue15.59%+161.2%
CapEx Coverage0.61-73.5%

Technical→

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 23.1%
✓Strong interest coverage of 3.8x
✓Trading at only 1.2x 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.

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 Years6.72%

5 Years10.69%

3 Years6.74%

TTM6.58%

Profit CAGR

10 Years6.88%

5 Years10.89%

3 Years5.47%

TTM-30.78%

EPS CAGR

10 Years2.72%

5 Years11.2%

3 Years5.93%

TTM-30.92%

Return on Capital

10 Years11.47%

5 Years14.73%

3 Years14.63%

Last Year12.04%

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

Mar 23, 2026

EPS

$0.13

Est $0.05

+138.9%

Revenue

$2.2B

Est $1.9B

+18.1%

Q2 2026

Mar 20, 2026

EPS

$0.13

Est $0.05

+138.9%

Revenue

$2.2B

Est $1.9B

+18.1%

Q4 2025

Nov 14, 2025

EPS

$0.05

Est $0.07

-24.8%

Revenue

$2.0B

Est $1.6B

+23.1%

Q3 2025

Aug 14, 2025

EPS

$0.08

Est $0.05

+54.1%

Revenue

$2.0B

Est $1.8B

+13.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 23, 2026	$0.13vs $0.05+138.9%	$2.2Bvs $1.9B+18.1%
Q2 2026	Mar 20, 2026	$0.13vs $0.05+138.9%	$2.2Bvs $1.9B+18.1%
Q4 2025	Nov 14, 2025	$0.05vs $0.07-24.8%	$2.0Bvs $1.6B+23.1%
Q3 2025	Aug 14, 2025	$0.08vs $0.05+54.1%	$2.0Bvs $1.8B+13.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
ELPCompanhia Paranaense de Energia - COPELDirect Competitor	7.25M	9.27	2.97	5.45%	8.85%	8.51%	0.69
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESPDirect Competitor	21.77B	6.37	13.03	3.32%	22.21%	20.24%	0.94
ERJEmbraer S.A.Direct Competitor	12B	65.43	34.08	21.38%	4.34%	8.78%	0.78
UGPUltrapar Participações S.A.Direct Competitor	6.42B	5.90	13.34	4.55%	1.72%	13.92%	1.23
EXCExelon CorporationProduct Competitor	45.43B	44.41	16.21	5.34%	11.21%	9.76%	1.76
DUKDuke Energy CorporationProduct Competitor	97.33B	124.85	19.79	6.19%	15.44%	9.6%	1.71
AEPAmerican Electric Power Company, Inc.Product Competitor	71.69B	131.76	19.78	9.37%	16.49%	11.45%	1.56
SOThe Southern CompanyProduct Competitor	104.2B	92.43	23.58	10.59%	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

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	21.71B	22.3B	25.49B	25.23B	33.65B	34.46B	36.85B	39.82B	41.91B
Revenue Growth %	15.66%	2.7%	14.29%	-1.01%	33.37%	2.43%	6.93%	8.06%	5.25%
Cost of Revenue	17.49B	17.68B	19.6B	19.84B	26.92B	27.65B	28.47B	31.99B	34.85B
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%	7.07B▼ 9.8%
Gross Margin %	19.45%	20.73%	23.1%	21.34%	19.98%	19.77%	22.75%	19.66%	16.86%
Gross Profit Growth %	-2.74%	9.42%	27.39%	-8.58%	24.89%	1.32%	23.08%	-6.61%	-9.76%
Operating Expenses	1.58B	4.62B	5.89B	677M	-228M	1.13B	2.17B	338M	1.16B
Other Operating Expenses	-	-	-	-	-	-	-	-	-
EBITDA	3.49B	3.73B	3.97B	5.7B	8B	6.87B	7.49B	8.87B	7.41B
EBITDA Margin %	16.08%	16.72%	15.58%	22.57%	23.78%	19.93%	20.32%	22.27%	17.68%
EBITDA Growth %	32.37%	6.79%	6.46%	43.45%	40.47%	-14.15%	9.01%	18.45%	-16.46%
Depreciation & Amortization	850M	850M	958M	989M	1.05B	1.18B	1.27B	1.38B	1.5B
D&A / Revenue %	3.91%	3.81%	3.76%	3.92%	3.12%	3.43%	3.46%	3.46%	3.59%
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%	5.9B▼ 21.2%
Operating Margin %	12.17%	12.91%	11.82%	18.65%	20.66%	16.5%	16.86%	18.81%	14.09%
Operating Income Growth %	46.45%	8.97%	4.62%	56.24%	47.71%	-18.2%	9.27%	20.59%	-21.19%
Interest Expense	1.6B	1.36B	342.05M	245.18M	232.43M	196.8M	238.5M	204.8M	1.57B
Interest Coverage	2.03x	2.48x	17.22x	21.24x	25.24x	25.69x	33.03x	50.62x	3.75x
Interest / Revenue %	7.36%	6.09%	1.34%	0.97%	0.69%	0.57%	0.65%	0.51%	3.76%
Non-Operating Income	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
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%	5.56B▼ 40.6%
Pretax Margin %	7.58%	9.02%	17.93%	15.07%	13.97%	11.95%	18.59%	23.5%	13.27%
Income Tax	644M	610M	1.6B	936M	946M	26M	1.08B	2.24B	756.45M
Effective Tax Rate %	39.13%	30.33%	34.99%	24.63%	20.13%	0.63%	15.82%	23.93%	13.61%
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%	4.8B▼ 32.5%
Net Margin %	4.61%	7.72%	12.53%	11.35%	11.15%	11.87%	15.64%	17.87%	11.46%
Net Income Growth %	199.7%	72.03%	85.48%	-10.33%	30.97%	9.09%	40.86%	23.47%	-32.54%
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%
EPS Growth %	169.23%	97.14%	62.32%	-10.71%	31%	9.16%	40.56%	23.88%	-31.73%
EPS (Basic)	0.35	0.69	1.12	1.00	1.31	1.43	2.01	2.49	1.70
Diluted Shares Outstanding	2.86B	2.45B	2.86B	2.86B	2.86B	2.86B	2.86B	2.86B	2.86B

CIG Balance Sheet

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

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	42.24B	60.34B	50.53B	54.08B	52.05B	53.67B	55B	59.73B	66.99B
Asset Growth %	0.49%	42.85%	-16.26%	7.04%	-3.77%	3.12%	2.48%	8.59%	12.17%
PP&E (Net)	2.76B	2.66B	2.73B	2.62B	2.65B	2.74B	3.65B	4.1B	4.56B
PP&E / Total Assets %	6.54%	4.41%	5.4%	4.84%	5.08%	5.1%	6.64%	6.87%	6.8%
Total Current Assets	8.54B	27.97B	10.35B	15.46B	12.95B	13.46B	11.87B	12.23B	14.47B
Cash & Equivalents	1.03B	891M	536M	1.68B	825M	1.44B	1.54B	1.9B	1.9B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	38M	36M	39M	0	0	0	0	0	0
Other Current Assets	736M	20.23B	2.51B	5.05B	862M	889M	1.36B	1.42B	2.25B
Long-Term Investments	14.43B	9.16B	9.17B	9.98B	10.43B	10.18B	10.36B	10.24B	25.43B
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	11.16B	10.78B	11.62B	11.81B	12.95B	14.62B	15.25B	16.81B	18.54B
Other Assets	3.49B	7.63B	14.22B	11.77B	10.61B	9.55B	10.83B	14.02B	2.15B
Total Liabilities	27.91B	44.26B	34.42B	36.6B	32.58B	31.89B	30.34B	32.34B	38.43B
Total Debt	14.4B	14.77B	15.06B	15.25B	11.61B	10.94B	10.26B	12.71B	19.87B
Net Debt	13.37B	13.88B	14.53B	13.57B	10.78B	9.49B	8.73B	10.81B	17.97B
Long-Term Debt	12.03B	12.57B	12.03B	12.96B	9.9B	9.63B	7.2B	9.4B	16.41B
Short-Term Borrowings	2.37B	2.2B	2.75B	2.06B	1.47B	955M	2.63B	2.88B	3.14B
Capital Lease Obligations	0	0	288M	227M	244M	354M	433M	429M	327.95M
Total Current Liabilities	8.66B	23.44B	7.96B	9.69B	10.69B	11.2B	13.09B	14.14B	14.46B
Accounts Payable	2.34B	1.8B	2.08B	2.36B	2.92B	3.29B	3.72B	4.2B	3.04B
Accrued Expenses	635M	1.15B	944M	1.66B	2.13B	2.12B	3.16B	3.83B	913.11M
Deferred Revenue	233M	79M	0	0	0	0	0	0	0
Other Current Liabilities	2.26B	17.65B	1.56B	2.47B	2.69B	2.5B	1.89B	1.74B	4.31B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	6.49B	7.44B	13.46B	12.73B	10.85B	9.83B	8.58B	6.9B	5.67B
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%
Equity Growth %	10.79%	12.24%	0.12%	8.54%	11.35%	11.93%	13.18%	11.06%	4.33%
Shareholders Equity	14.33B	14.72B	16.1B	17.47B	19.46B	21.78B	24.65B	27.38B	28.56B
Minority Interest	4M	1.36B	4M	4M	5M	6M	6M	5M	5.32M
Common Stock	6.29B	7.29B	7.29B	7.59B	8.47B	11.01B	11.01B	14.31B	14.3B
Additional Paid-in Capital	1.93B	2.25B	2.25B	2.25B	2.25B	2.25B	2.25B	394.45M	0
Retained Earnings	5.73B	6.36B	8.96B	10.06B	10.95B	10.39B	13.04B	13.58B	11.48B
Accumulated OCI	378.71M	-1.33B	-2.41B	-2.43B	-2.21B	-1.87B	-1.65B	-899.86M	2.78B
Return on Assets (ROA)	2.38%	3.36%	5.76%	5.48%	7.07%	7.74%	10.61%	12.41%	7.58%
Return on Equity (ROE)	7.34%	11.32%	19.85%	17.06%	20.31%	19.84%	24.82%	27.35%	17.16%
Debt / Equity	1.00x	0.92x	0.94x	0.87x	0.60x	0.50x	0.42x	0.46x	0.70x
Debt / Assets	34.09%	24.48%	29.82%	28.19%	22.3%	20.37%	18.66%	21.28%	29.66%
Net Debt / EBITDA	3.83x	3.72x	3.66x	2.38x	1.35x	1.38x	1.17x	1.22x	2.43x
Book Value per Share	5.01	6.56	5.63	6.1	6.8	7.61	8.62	9.57	9.99

CIG Cash Flow Statement

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

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	580M	1.01B	2.04B	8.61B	3.69B	6.61B	6.64B	5.5B	4B
Operating CF Growth %	-52.18%	73.79%	101.98%	322.74%	-57.19%	79.46%	0.47%	-17.28%	-27.28%
Operating CF / Revenue %	2.67%	4.52%	7.99%	34.12%	10.95%	19.19%	18.03%	13.8%	9.54%
Net Income	1B	1.7B	3.13B	2.87B	3.75B	1.41B	5.76B	7.12B	4.8B
Depreciation & Amortization	850M	849M	958M	1B	1.05B	1.18B	1.27B	1.38B	1.5B
Deferred Taxes	644M	-650M	-2.84B	252M	-1.53B	-734M	-825M	1.73B	205.37M
Other Non-Cash Items	-402M	581M	-189M	412.11M	-159.46M	3.92B	-78.7M	-5.18B	-2.35B
Working Capital Changes	-1.18B	820M	980M	4.07B	569.46M	841M	509.7M	453M	-160.2M
Capital Expenditures	-856M	-877M	-1.93B	-5.08B	1.37B	-3.21B	-3.97B	-2.38B	-6.53B
CapEx / Revenue %	3.94%	3.93%	7.56%	20.12%	4.07%	9.3%	10.77%	5.97%	15.59%
CapEx / D&A	1.01x	1.03x	2.01x	5.05x	1.31x	2.71x	3.11x	1.73x	4.35x
CapEx Coverage (OCF/CapEx)	0.68x	1.15x	1.06x	1.70x	2.69x	2.06x	1.67x	2.31x	0.61x
Cash from Investing	-386M	-211M	-1.19B	-5.08B	1.37B	-3.21B	-3.97B	-2.38B	-6.53B
Acquisitions	474M	70M	38.27M	27M	1.31B	-3.46B	632M	2.79B	90.86M
Purchase of Investments	-4M	30M	-38.27M	-3.37B	-51M	-52.3M	-11.27B	-16.63B	-16.99B
Sale of Investments	766M	596M	80M	-41M	2.05B	200M	12.36B	16.92B	17.78B
Other Investing	-766M	-30M	659M	-1.52B	-1.7B	394.3M	-4.61B	-4.79B	-6.36B
Cash from Financing	-158M	-937M	-1.2B	-2.39B	-5.91B	-2.79B	-2.58B	-2.76B	2.54B
Dividends Paid	-540M	-509M	-701.14M	-598.13M	-1.42B	-2.09B	-1.82B	-4.29B	-3.89B
Dividend Payout Ratio %	53.95%	29.54%	21.95%	20.88%	37.76%	51.17%	31.63%	60.33%	81.03%
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K
Stock Issued	1.22B	109.55M	0	0	0	0	0	0	0
Share Repurchases	2.08B	0	0	0	0	0	0	0	0
Other Financing	1.2B	109M	137K	135K	-256K	907K	-67.44M	0	-79.91M
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%
Exchange Rate Effect	-1M	1M	0	0	0	0	0	0	214.46M
Cash at Beginning	995M	1.03B	891M	536M	1.68B	825M	1.44B	1.54B	1.68B
Cash at End	1.03B	890M	536M	1.68B	825M	1.44B	1.54B	1.9B	1.9B
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%
FCF Growth %	6.44%	147.46%	-16.79%	3139.45%	43.16%	-32.6%	-21.43%	16.55%	-181.27%
FCF Margin %	-1.27%	0.59%	0.43%	14%	15.02%	9.89%	7.26%	7.84%	-6.05%
FCF / Net Income %	-27.57%	7.61%	3.41%	123.29%	134.76%	83.26%	46.44%	43.84%	-52.81%

CIG Key Ratios

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	2.58%	7.34%	11.32%	19.85%	17.06%	20.31%	19.84%	24.82%	27.35%	17.16%
EBITDA Margin	14.05%	16.08%	16.72%	15.58%	22.57%	23.78%	19.93%	20.32%	22.27%	17.68%
Net Debt / EBITDA	5.38x	3.83x	3.72x	3.66x	2.38x	1.35x	1.38x	1.17x	1.22x	2.43x
Interest Coverage	1.18x	2.03x	2.48x	17.22x	21.24x	25.24x	25.69x	33.03x	50.62x	3.75x
CapEx / Revenue	8.03%	3.94%	3.93%	7.56%	20.12%	4.07%	9.3%	10.77%	5.97%	15.59%
Dividend Payout Ratio	202.1%	53.95%	29.54%	21.95%	20.88%	37.76%	51.17%	31.63%	60.33%	81.03%
Debt / Equity	1.17x	1.00x	0.92x	0.94x	0.87x	0.60x	0.50x	0.42x	0.46x	0.70x
EPS Growth	-90%	169.23%	97.14%	62.32%	-10.71%	31%	9.16%	40.56%	23.88%	-31.73%

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 $42.79B in revenue for fiscal year 2025. This represents a 1039% increase from $3.76B in 2000.

Companhia Energética de Minas Gerais (CIG) grew revenue by 5.3% over the past year. This is steady growth.

Yes, Companhia Energética de Minas Gerais (CIG) is profitable, generating $4.93B 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 11.49%. This makes it attractive for income-focused investors.

Companhia Energética de Minas Gerais (CIG) has a return on equity (ROE) of 17.2%. This is reasonable for most industries.

Companhia Energética de Minas Gerais (CIG) had negative free cash flow of $2.58B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

Companhia Energética de Minas Gerais (CIG) has a dividend payout ratio of 81%. The dividend is reasonably covered.

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Companhia Energética de Minas Gerais (CIG) financial analysis — history, returns, DCA and operating performance tools

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Companhia Energética de Minas Gerais(CIG)Earnings, Financials & Key Ratios

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