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CIG-C logoCompanhia Energética de Minas Gerais(CIG-C)Earnings, Financials & Key Ratios

CIG-C•NYSE•Utilities
$3.41
$3.26B mkt cap·6.8× P/E·Price updated May 6, 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$39.82B+8.1%
  • EBITDA$8.87B+18.4%
  • Net Income$7.12B+23.5%
  • Free Cash Flow$3.12B+16.5%
  • EBITDA Margin22.27%+9.6%
  • Net Margin17.87%+14.3%
  • ROE27.35%+10.2%
  • Interest Coverage7.43-71.5%
  • Debt/Equity0.46+11.5%
  • Net Debt/EBITDA1.22+4.6%
  • CapEx / Revenue5.97%-44.6%
  • CapEx Coverage2.31+38.1%
Technical→

CIG-C Key Insights

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

✓Strengths

  • ✓Excellent 3Y average ROE of 24.0%
  • ✓Strong 5Y profit CAGR of 17.4%
  • ✓Strong interest coverage of 7.4x

✗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-C Price & Volume

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

Loading chart...

CIG-C Growth Metrics

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

Revenue CAGR

10 Years7.38%
5 Years9.33%
3 Years5.78%
TTM11.6%

Profit CAGR

10 Years8.54%
5 Years17.38%
3 Years23.8%
TTM-49.79%

EPS CAGR

10 Years4.2%
5 Years12.37%
3 Years23.87%
TTM-49.64%

Return on Capital

10 Years11.79%
5 Years14.51%
3 Years15.14%
Last Year17.13%

CIG-C Recent Earnings

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

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Mar 20, 2026
EPS
$0.13
Est $0.05
+138.9%
Revenue
$2.2B
Est $1.9B
+18.1%
Q2 2026
Mar 19, 2026
EPS
$0.05
Est $0.05
+0.0%
Revenue
$1.9B
Est $1.8B
+4.8%
Q4 2025
Nov 11, 2025
EPS
$0.05
Est $0.07
-21.5%
Revenue
$2.0B
Est $1.9B
+7.1%
Q3 2025
Aug 11, 2025
EPS
$0.08
Est $0.05
+47.2%
Revenue
$2.0B
Est $1.7B
+16.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 20, 2026
$0.13vs $0.05+138.9%
$2.2Bvs $1.9B+18.1%
Q2 2026Mar 19, 2026
$0.05vs $0.05+0.0%
$1.9Bvs $1.8B+4.8%
Q4 2025Nov 11, 2025
$0.05vs $0.07-21.5%
$2.0Bvs $1.9B+7.1%
Q3 2025Aug 11, 2025
$0.08vs $0.05+47.2%
$2.0Bvs $1.7B+16.5%
Based on last 12 quarters of dataView full earnings history →

CIG-C Peer Comparison

Companhia Energética de Minas Gerais (CIG-C) 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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CIG logoCIGCompanhia Energética de Minas GeraisDirect Competitor4.65B2.444.848.06%9.26%14.29%0.46
EBR-B logoEBR-BCentrais Elétricas Brasileiras S.A. - EletrobrásDirect Competitor2.7B9.922.208.13%-14.11%-5.5%0.64
SBS logoSBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESPDirect Competitor23.22B33.1613.533.32%22.21%20.24%0.94
ELP logoELPCompanhia Paranaense de Energia - COPELProduct Competitor7.25M9.272.975.45%8.85%8.51%0.69
ERJ logoERJEmbraer S.A.Product Competitor12B65.4334.0821.38%4.34%8.78%0.78
NEE logoNEENextEra Energy, Inc.Product Competitor198.92B95.3928.9911%29.3%12.66%1.44
AES logoAESThe AES CorporationProduct Competitor10.23B14.3411.38-0.37%8.42%10.65%2.54
GE logoGEGE AerospaceSupply Chain319.54B305.8337.4818.48%17.91%45.85%1.08

Compare CIG-C vs Peers

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

Closest Rival

vs CIG

Most directly comparable listed peer for CIG-C.

Scale Benchmark

vs GE

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

Peer Set

Compare Top 5

vs CIG, EBR-B, SBS, ELP

CIG-C Income Statement

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

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue18.77B21.71B22.27B25.49B25.23B33.65B34.46B36.85B39.82B42.29B
Revenue Growth %-11.83%15.66%2.55%14.47%-1.02%33.37%2.43%6.93%8.06%11.6%
Cost of Revenue15.9B18.43B19.02B18.6B19.91B26.92B27.65B28.47B31.99B35.73B
Gross Profit
2.87B▲ 0%
3.28B▲ 14.2%
3.25B▼ 0.9%
6.89B▲ 112.1%
5.32B▼ 22.8%
6.72B▲ 26.4%
6.81B▲ 1.3%
8.38B▲ 23.1%
7.83B▼ 6.6%
6.56B▲ 0%
Gross Margin %15.29%15.1%14.59%27.04%21.08%19.98%19.77%22.75%19.66%15.52%
Gross Profit Growth %-3.52%14.22%-0.86%112.08%-22.84%26.44%1.32%23.08%-6.61%-
Operating Expenses1.56B382.95M471.6M3.68B610.68M-228M1.13B2.17B338M10.69B
Other Operating Expenses----------
EBITDA2.64B3.49B3.33B4.1B5.63B8B6.87B7.49B8.87B-2.65B
EBITDA Margin %14.05%16.08%14.96%16.07%22.33%23.78%19.93%20.32%22.27%-6.28%
EBITDA Growth %-46.75%32.35%-4.62%23.01%37.49%42.02%-14.15%9.01%18.45%-162.81%
Depreciation & Amortization834.29M849.77M834.59M887.07M926.59M1.05B1.18B1.27B1.38B1.47B
D&A / Revenue %4.44%3.91%3.75%3.48%3.67%3.12%3.43%3.46%3.46%3.49%
Operating Income (EBIT)
1.8B▲ 0%
2.64B▲ 46.5%
2.5B▼ 5.5%
3.21B▲ 28.6%
4.71B▲ 46.6%
6.95B▲ 47.7%
5.69B▼ 18.2%
6.21B▲ 9.3%
7.49B▲ 20.6%
-4.13B▲ 0%
Operating Margin %9.61%12.17%11.21%12.59%18.66%20.66%16.5%16.86%18.81%-9.76%
Operating Income Growth %-56.21%46.45%-5.53%28.6%46.62%47.7%-18.2%9.27%20.59%-
Interest Expense2.48B1.8B1.32B342.05M245.18M1.17B935M238.5M1.01B4M
Interest Coverage0.73x1.47x1.89x9.38x19.20x5.96x6.08x26.05x7.43x-
Interest / Revenue %13.2%8.29%5.95%1.34%0.97%3.47%2.71%0.65%2.53%0.01%
Non-Operating Income-1000K-1000K-1000K1000K-1000K-1000K-1000K1000K1000K-2M
Pretax Income
367.93M▲ 0%
1.65B▲ 347.3%
1.98B▲ 20.1%
4.57B▲ 131.1%
3.8B▼ 16.8%
4.7B▲ 23.6%
4.12B▼ 12.3%
6.85B▲ 66.3%
9.36B▲ 36.6%
4.59B▲ 0%
Pretax Margin %1.96%7.58%8.88%17.93%15.07%13.97%11.95%18.59%23.5%10.86%
Income Tax33.17M644.26M599.12M1.6B935.72M946M26M1.08B2.24B570.9M
Effective Tax Rate %9.02%39.14%30.3%35.01%24.62%20.13%0.63%15.82%23.93%12.43%
Net Income
334.33M▲ 0%
1B▲ 199.6%
1.7B▲ 69.7%
3.19B▲ 87.9%
2.86B▼ 10.3%
3.75B▲ 31.0%
4.09B▲ 9.1%
5.76B▲ 40.9%
7.12B▲ 23.5%
4.02B▲ 0%
Net Margin %1.78%4.61%7.64%12.53%11.35%11.15%11.87%15.64%17.87%9.51%
Net Income Growth %66367.99%199.58%69.74%87.85%-10.32%30.97%9.09%40.86%23.47%-49.79%
EPS (Diluted)
0.05▲ 0%
0.25▲ 438.8%
0.69▲ 176.0%
1.39▲ 101.4%
1.00▼ 28.1%
1.31▲ 31.0%
1.86▲ 42.0%
2.01▲ 8.1%
2.49▲ 23.9%
1.41▲ 0%
EPS Growth %-96.43%438.79%176%101.45%-28.06%31%41.98%8.06%23.88%-49.64%
EPS (Basic)0.070.250.691.391.001.311.862.012.49-
Diluted Shares Outstanding1.9B2.2B2.45B2.29B2.2B2.2B2.2B2.86B2.86B2.86B

CIG-C Balance Sheet

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets42.04B42.24B59.85B49.93B54.08B52.05B53.67B55B59.73B64.75B
Asset Growth %2.89%0.48%41.7%-16.59%8.32%-3.77%3.12%2.48%8.59%34.36%
PP&E (Net)3.77B2.76B2.66B2.73B2.62B2.65B2.74B3.65B4.1B4.4B
PP&E / Total Assets %8.98%6.54%4.45%5.46%4.84%5.08%5.1%6.64%6.87%6.79%
Total Current Assets8.29B8.54B27.8B10.14B15.46B12.95B13.46B11.87B12.23B13.33B
Cash & Equivalents995M1.03B891M536M1.68B825M1.44B1.54B1.9B1.45B
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory49M38M36M39M000000
Other Current Assets719.02M981M20.25B3.03B5.6B862M889M3.26B1.42B4.32B
Long-Term Investments13.76B14.43B11.87B12.09B9.98B10.43B10.18B10.36B10.24B27.3B
Goodwill0000000000
Intangible Assets10.82B11.16B10.78B11.62B11.81B12.95B14.62B15.25B16.81B26.07B
Other Assets3.6B3.49B4.6B10.91B11.77B10.61B9.55B10.82B14.02B17.72B
Total Liabilities29.1B27.91B43.91B34.42B36.6B32.58B31.89B30.34B32.34B36.02B
Total Debt15.18B14.4B14.77B15.06B15.25B11.61B10.94B10.26B12.71B15.84B
Net Debt14.18B13.37B13.88B14.53B13.57B10.78B9.49B8.73B10.81B14.38B
Long-Term Debt10.34B12.03B12.57B12.03B12.96B9.9B9.63B7.2B9.4B12.43B
Short-Term Borrowings4.84B2.37B2.2B2.75B2.06B1.47B955M2.63B2.88B2.98B
Capital Lease Obligations0-1M-43M288M227M244M354M433M429M1.7B
Total Current Liabilities11.45B8.66B23.39B7.96B9.69B10.69B11.2B13.09B14.14B14.88B
Accounts Payable1.94B2.34B1.8B2.08B2.36B2.92B3.29B3.72B4.2B5.04B
Accrued Expenses692M635M1.15B944M2.54B2.91B2.12B3.16B3.83B13.04B
Deferred Revenue181M233M79M01.09B1.42B2.28B1.61B00
Other Current Liabilities2.97B2.26B17.65B1.56B501.11M489.58M221M281M1.74B4.4B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K3.06B
Other Liabilities6.73B6.49B7.22B13.46B12.73B10.85B9.83B8.58B6.9B8.37B
Total Equity
12.93B▲ 0%
14.33B▲ 10.8%
15.94B▲ 11.2%
16.1B▲ 1.0%
17.48B▲ 8.5%
19.46B▲ 11.4%
21.78B▲ 11.9%
24.66B▲ 13.2%
27.38B▲ 11.1%
28.73B▲ 0%
Equity Growth %-0.42%10.79%11.23%1.03%8.54%11.35%11.93%13.18%11.06%30.03%
Shareholders Equity12.93B14.33B14.58B16.1B17.47B19.46B21.78B24.65B27.38B28.73B
Minority Interest4M4M1.36B4M4M5M6M6M5M6.17M
Common Stock6.29B6.29B7.29B7.29B7.59B8.47B11.01B11.01B14.31B14.31B
Additional Paid-in Capital1.93B1.93B000000394.45M0
Retained Earnings5.2B5.73B145M212M000013.58B14.87B
Accumulated OCI7.13B7.65B7.29B8.59B12.31B13.2B12.64B15.29B-899.86M-445.43M
Return on Assets (ROA)0.81%2.38%3.33%5.82%5.51%7.07%7.74%10.61%12.41%6.39%
Return on Equity (ROE)2.58%7.35%11.23%19.93%17.06%20.31%19.84%24.82%27.35%14.29%
Debt / Equity1.17x1.00x0.93x0.94x0.87x0.60x0.50x0.42x0.46x0.46x
Debt / Assets36.11%34.09%24.68%30.17%28.19%22.3%20.37%18.66%21.28%24.46%
Net Debt / EBITDA5.38x3.83x4.17x3.55x2.41x1.35x1.38x1.17x1.22x1.22x
Book Value per Share6.816.516.57.037.948.849.98.629.5710.05

CIG-C Cash Flow Statement

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations1.21B580M1.01B2.04B8.61B682.59M6.61B6.64B5.5B5.5B
Operating CF Growth %-59.66%-52.18%73.79%101.98%322.74%-92.07%868.82%0.47%-17.28%327.64%
Operating CF / Revenue %6.46%2.67%4.53%7.99%34.12%2.03%19.19%18.03%13.8%13%
Net Income335M1B1.7B3.13B2.87B695.18M1.41B5.76B7.12B4.02B
Depreciation & Amortization834M850M849M958M989M194.42M1.18B1.27B1.38B820.73M
Deferred Taxes33M644M-650M-2.84B-14M-39.06M-734M-825M1.73B-992.15M
Other Non-Cash Items2.63B-402M581M-189M-6.13B-671.9M3.92B-78.7M-5.18B2.98B
Working Capital Changes-1.94B-1.18B820M980M10.9B503.94M841M509.7M453M301.41M
Capital Expenditures-1.51B-856M-877M-1.93B-5.08B254.11M-3.21B-3.97B-2.38B-3.93B
CapEx / Revenue %8.03%3.94%3.94%7.56%20.12%0.76%9.3%10.77%5.97%9.3%
CapEx / D&A1.81x1.01x1.03x2.01x5.13x1.31x2.71x3.11x1.73x4.79x
CapEx Coverage (OCF/CapEx)0.80x0.68x1.15x1.06x1.70x2.69x2.06x1.67x2.31x1.40x
Cash from Investing-614M-386M-211M-1.19B-5.08B254.11M-3.21B-3.97B-2.38B-3.93B
Acquisitions-506M474M70M38.27M-93M28.72K-3.46B632M2.79B1000K
Purchase of Investments-1.39B-4M30M-38.27M-3.37B-10.44M-52.3M-11.27B-16.63B-8.07B
Sale of Investments1000K1000K1000K1000K01000K1000K1000K1000K1000K
Other Investing1.39B-766M-30M659M-1.48B-333.25M394.3M-4.61B-4.79B-8.39B
Cash from Financing-529M-158M-937M-1.2B-2.39B-1.1B-2.79B-2.58B-2.76B-2.56B
Dividends Paid-675M-540M-509M-701.14M-598M-262.47M-2.09B-1.82B-4.29B-3.09B
Dividend Payout Ratio %201.89%53.91%29.93%21.95%20.88%7%51.17%31.63%60.33%-
Debt Issuance (Net)1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K1000K0
Stock Issued01.22B109.55M0000000
Share Repurchases02.08B00000000
Other Financing-404K1.2B109M137K0-13M907K-67.44M01.33B
Net Change in Cash
70M▲ 0%
35M▼ 50.0%
-140M▼ 500.0%
-355M▼ 153.6%
1.14B▲ 422.3%
-14.91M▼ 101.3%
616M▲ 4232.0%
96M▼ 84.4%
361M▲ 276.0%
-2.21B▲ 0%
Exchange Rate Effect0-1000K1000K001000K0000
Cash at Beginning925M995M1.03B891M536M50.91M825M1.44B1.54B1.76B
Cash at End995M1.03B890M536M1.68B36M1.44B1.54B1.9B1.45B
Free Cash Flow
-295M▲ 0%
-276M▲ 6.4%
131M▲ 147.5%
109M▼ 16.8%
3.53B▲ 3139.4%
936.69M▼ 73.5%
3.41B▲ 263.7%
2.68B▼ 21.4%
3.12B▲ 16.5%
352.63M▲ 0%
FCF Growth %-40.48%6.44%147.46%-16.79%3139.45%-73.47%263.73%-21.43%16.55%228.99%
FCF Margin %-1.57%-1.27%0.59%0.43%14%2.78%9.89%7.26%7.84%0.83%
FCF / Net Income %-88.24%-27.56%7.71%3.41%123.28%24.97%83.26%46.44%43.84%8.77%

CIG-C Key Ratios

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

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)2.58%7.35%11.23%19.93%17.06%20.31%19.84%24.82%27.35%14.29%
EBITDA Margin14.05%16.08%14.96%16.07%22.33%23.78%19.93%20.32%22.27%-6.28%
Net Debt / EBITDA5.38x3.83x4.17x3.55x2.41x1.35x1.38x1.17x1.22x1.22x
Interest Coverage0.73x1.47x1.89x9.38x19.20x5.96x6.08x26.05x7.43x-
CapEx / Revenue8.03%3.94%3.94%7.56%20.12%0.76%9.3%10.77%5.97%9.3%
Dividend Payout Ratio201.89%53.91%29.93%21.95%20.88%7%51.17%31.63%60.33%76.92%
Debt / Equity1.17x1.00x0.93x0.94x0.87x0.60x0.50x0.42x0.46x0.46x
EPS Growth-96.43%438.79%176%101.45%-28.06%31%41.98%8.06%23.88%-49.64%

CIG-C Frequently Asked Questions

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

Growth & Financials

Companhia Energética de Minas Gerais (CIG-C) reported $42.29B in revenue for fiscal year 2024. This represents a 1026% increase from $3.76B in 2000.

Companhia Energética de Minas Gerais (CIG-C) grew revenue by 8.1% over the past year. This is steady growth.

Yes, Companhia Energética de Minas Gerais (CIG-C) is profitable, generating $4.02B in net income for fiscal year 2024 (17.9% net margin).

Dividend & Returns

Yes, Companhia Energética de Minas Gerais (CIG-C) pays a dividend with a yield of 8.91%. This makes it attractive for income-focused investors.

Companhia Energética de Minas Gerais (CIG-C) has a return on equity (ROE) of 27.4%. This is excellent, indicating efficient use of shareholder capital.

Companhia Energética de Minas Gerais (CIG-C) generated $352.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Companhia Energética de Minas Gerais (CIG-C) has a dividend payout ratio of 60%. This suggests the dividend is well-covered and sustainable.

Explore More CIG-C

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

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

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