Revenue grew 10.2% year-over-year in 2026Q3 with operating margin expanding to 30.4% from 21.4% in 2024Q4, suggesting rate base-driven gains, though the sustained 2.1x-2.6x interest coverage band indicates debt-financed deployment is constraining flexibility.
CenterPoint Energy, Inc. (CNP) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Revenue | 9.82B | 9.36B | 8.64B | 8.7B | 9.32B | 8.35B | 7.42B | 7.56B | 6.28B | 9.61B | 7.53B | 7.39B | 9.23B | 8.11B | 7.45B | 8.45B | 8.79B | 8.28B | 11.32B | 9.62B | 9.32B | 9.72B | 8B | 7.79B | 6.44B | 10.66B | 10.37B | 15.21B | 11.23B | 6.88B | 4.1B |
| Revenue Growth % | 7.78% | 8.26% | -0.61% | -6.71% | 11.6% | 12.59% | -1.93% | 20.5% | -34.71% | 27.71% | 1.92% | -19.94% | 13.82% | 8.78% | -11.81% | -3.81% | 6.09% | -26.86% | 17.66% | 3.26% | -4.15% | 21.54% | 2.69% | 21% | -39.59% | 2.72% | -31.8% | 35.46% | 63.26% | 67.95% | 9.81% |
| Cost of Revenue | 4.59B | 6.67B | 4.67B | 5.01B | 5.92B | 5.14B | 4.49B | 4.79B | 3.77B | 7.05B | 5B | 5.11B | 6.89B | 5.75B | 4.75B | 5.89B | 6.29B | 4.37B | 7.47B | 6B | 5.91B | 6.51B | 5.01B | 4.3B | 2.95B | 6.37B | 6.03B | 10.84B | 7.03B | 3.55B | 1.37B |
| Gross Profit | 5.23B | 2.69B | 3.98B | 3.69B | 3.4B | 3.21B | 2.93B | 2.77B | 2.5B | 2.56B | 2.53B | 2.28B | 2.34B | 2.35B | 2.71B | 2.56B | 2.49B | 3.91B | 3.86B | 3.63B | 3.41B | 3.21B | 2.99B | 3.49B | 3.48B | 4.29B | 4.35B | 4.37B | 4.2B | 3.33B | 2.73B |
| Gross Margin % | 53.27% | 28.71% | 46% | 42.39% | 36.44% | 38.4% | 39.49% | 36.62% | 39.86% | 26.66% | 33.65% | 30.83% | 25.32% | 29% | 36.3% | 30.3% | 28.37% | 47.22% | 34.06% | 37.7% | 36.59% | 33.05% | 37.33% | 44.83% | 54.11% | 40.27% | 41.91% | 28.72% | 37.39% | 48.37% | 66.65% |
| Gross Profit Growth % | - | -32.44% | 7.87% | 8.51% | 5.92% | 9.49% | 5.74% | 10.71% | -2.38% | 1.18% | 11.24% | -2.53% | -0.64% | -13.09% | 5.66% | 2.73% | -36.27% | 1.4% | 6.28% | 6.39% | 6.13% | 7.6% | -14.48% | 0.23% | -18.81% | -1.3% | -0.49% | 4.04% | 26.2% | 21.89% | 4.31% |
| Operating Expenses | 2.83B | 576M | 1.99B | 1.93B | 1.83B | 1.84B | 1.89B | 1.7B | 1.63B | 1.43B | 1.51B | 1.34B | 1.4B | 1.34B | 1.67B | 1.26B | 1.24B | 2.79B | 2.58B | 2.41B | 2.37B | 2.15B | 1.9B | 2.14B | 2.04B | 3.05B | 3.3B | 3.11B | 2.92B | 2.38B | 1.83B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 4.12B | 3.64B | 3.43B | 3.16B | 2.85B | 2.68B | 2.23B | 2.3B | 2.11B | 2.17B | 2.15B | 1.9B | 1.95B | 1.96B | 2.09B | 2.18B | 2.11B | 1.87B | 1.98B | 1.91B | 1.7B | 1.68B | 1.67B | 1.96B | 2.2B | 1.94B | 1.96B | 2.16B | 2.16B | 1.62B | 1.48B |
| EBITDA Margin % | 41.92% | 38.9% | 39.67% | 36.35% | 30.62% | 32.08% | 30.04% | 30.35% | 33.63% | 22.59% | 28.55% | 25.76% | 21.11% | 24.23% | 28.02% | 25.85% | 24.05% | 22.55% | 17.5% | 19.88% | 18.24% | 17.26% | 20.89% | 25.18% | 34.12% | 18.21% | 18.87% | 14.23% | 19.25% | 23.6% | 36.12% |
| EBITDA Growth % | 16.59% | 6.15% | 8.48% | 10.76% | 6.53% | 20.24% | -2.96% | 8.76% | -2.81% | 1.07% | 12.93% | -2.31% | -0.81% | -5.94% | -4.4% | 3.36% | 13.18% | -5.75% | 3.55% | 12.53% | 1.31% | 0.42% | -14.82% | -10.69% | 13.19% | -0.88% | -9.53% | 0.1% | 33.19% | 9.72% | 4.98% |
| Depreciation & Amortization | 1.72B | 1.53B | 1.44B | 1.4B | 1.29B | 1.32B | 1.19B | 1.23B | 1.24B | 1.04B | 1.13B | 970M | 1.01B | 954M | 1.05B | 886M | 864M | 743M | 708M | 696M | 655M | 618M | 582M | 606.21M | 756.68M | 700.76M | 906.32M | 905.3M | 882.1M | 0 | 0 |
| D&A / Revenue % | 17.48% | 16.35% | 16.65% | 16.11% | 13.82% | 15.76% | 16.03% | 16.2% | 19.8% | 10.78% | 14.96% | 13.13% | 10.98% | 11.77% | 14.09% | 10.49% | 9.83% | 8.97% | 6.25% | 7.23% | 7.03% | 6.36% | 7.28% | 7.78% | 11.75% | 6.58% | 8.74% | 5.95% | 7.86% | 0% | 0% |
| Operating Income (EBIT) | 2.4B | 2.11B | 1.99B | 1.76B | 1.57B | 1.36B | 1.04B | 1.07B | 868M | 1.14B | 1.02B | 933M | 935M | 1.01B | 1.04B | 1.3B | 1.25B | 1.12B | 1.27B | 1.22B | 1.04B | 1.06B | 1.09B | 1.36B | 1.44B | 1.24B | 1.05B | 1.26B | 1.28B | 943.1M | 895.5M |
| Operating Margin % | 24.44% | 22.55% | 23.02% | 20.24% | 16.8% | 16.32% | 14.01% | 14.16% | 13.83% | 11.82% | 13.59% | 12.63% | 10.13% | 12.46% | 13.93% | 15.36% | 14.22% | 13.57% | 11.24% | 12.65% | 11.21% | 10.9% | 13.61% | 17.4% | 22.36% | 11.63% | 10.14% | 8.28% | 11.4% | 13.71% | 21.87% |
| Operating Income Growth % | - | 6.03% | 13.07% | 12.39% | 14.89% | 31.18% | -2.99% | 23.39% | -23.59% | 11.05% | 9.65% | -0.21% | -7.43% | -2.7% | -20.03% | 3.92% | 11.12% | -11.7% | 4.6% | 16.46% | -1.42% | -2.66% | -19.66% | -5.86% | 16.13% | 17.9% | -16.47% | -1.65% | 35.71% | 5.32% | -1.1% |
| Interest Expense | 4M | 903M | 838M | 701M | 524M | 529M | 529M | 567M | 420M | 390M | 429M | 457M | 471M | 484M | 569M | 583M | 621M | 644M | 604M | 0 | 600M | 710M | 0 | 933.82M | 0 | 0 | 754.44M | 0 | 0 | 0 | 0 |
| Interest Coverage | - | 2.38x | 2.45x | 2.55x | 3.70x | 2.47x | 2.06x | 1.96x | 2.31x | 3.73x | 2.60x | -1.47x | 2.88x | 2.61x | 2.33x | 3.01x | 2.14x | 1.85x | 2.20x | - | 1.74x | 1.49x | - | 1.45x | - | - | 1.39x | - | - | - | - |
| Interest / Revenue % | 0.04% | 9.65% | 9.7% | 8.06% | 5.62% | 6.33% | 7.13% | 7.5% | 6.69% | 4.06% | 5.7% | 6.19% | 5.11% | 5.97% | 7.64% | 6.9% | 7.07% | 7.78% | 5.33% | 0% | 6.44% | 7.3% | 0% | 11.99% | 0% | 0% | 7.27% | 0% | 0% | 0% | 0% |
| Non-Operating Income | -4M | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K |
| Pretax Income | 1.45B | 1.25B | 1.21B | 1.09B | 1.42B | 778M | 563M | 545M | 551M | 1.06B | 686M | -1.13B | 885M | 781M | 757M | 1.17B | 705M | 548M | 723M | 594M | 494M | 378M | 344M | 613.84M | 754.21M | 675.18M | 456.24M | 2.56B | -360.93M | 627.5M | 605.1M |
| Pretax Margin % | 14.75% | 13.33% | 14.05% | 12.5% | 15.2% | 9.32% | 7.59% | 7.21% | 8.78% | 11.06% | 9.11% | -15.3% | 9.59% | 9.63% | 10.16% | 13.89% | 8.03% | 6.62% | 6.39% | 6.17% | 5.3% | 3.89% | 4.3% | 7.88% | 11.72% | 6.34% | 4.4% | 16.86% | -3.21% | 9.12% | 14.78% |
| Income Tax | 294M | 195M | 195M | 170M | 360M | 110M | 80M | 30M | 155M | -729M | 254M | -438M | 274M | 470M | 340M | 404M | 263M | 176M | 277M | 195M | 62M | 153M | 138M | 205.06M | 272.25M | 228.25M | 234.2M | 899.12M | -82.56M | 206.4M | 200.2M |
| Effective Tax Rate % | 20.29% | 15.64% | 16.06% | 15.64% | 25.41% | 14.14% | 14.21% | 5.5% | 28.13% | -68.58% | 37.03% | 38.76% | 30.96% | 60.18% | 44.91% | 34.41% | 37.3% | 32.12% | 38.31% | 32.83% | 12.55% | 40.48% | 40.12% | 33.41% | 36.1% | 33.81% | 51.33% | 35.06% | 22.88% | 32.89% | 33.09% |
| Net Income | 1.16B | 1.05B | 1.02B | 917M | 1.06B | 1.49B | -773M | 791M | 368M | 1.79B | 432M | -692M | 611M | 311M | 417M | 1.36B | 442M | 372M | 447M | 399M | 432M | 252M | -904.7M | 483.67M | -3.92B | 980.56M | 447.5M | 1.85B | -141.1M | 421.1M | 404.9M |
| Net Margin % | 11.76% | 11.24% | 11.79% | 10.55% | 11.34% | 17.79% | -10.42% | 10.46% | 5.86% | 18.64% | 5.74% | -9.37% | 6.62% | 3.84% | 5.6% | 16.06% | 5.03% | 4.49% | 3.95% | 4.15% | 4.64% | 2.59% | -11.31% | 6.21% | -60.9% | 9.2% | 4.31% | 12.16% | -1.26% | 6.12% | 9.89% |
| Net Income Growth % | 11.49% | 3.24% | 11.12% | -13.25% | -28.87% | 292.24% | -197.72% | 114.95% | -79.46% | 314.81% | 162.43% | -213.26% | 96.46% | -25.42% | -69.27% | 207.01% | 18.82% | -16.78% | 12.03% | -7.64% | 71.43% | 127.85% | -287.05% | 112.34% | -499.8% | 119.12% | -75.8% | 1410.42% | -133.51% | 4% | -63.37% |
| EPS (Diluted) | 1.74 | 1.60 | 1.58 | 1.37 | 1.59 | 2.28 | -1.79 | 1.33 | 0.74 | 4.13 | 1.00 | -1.61 | 1.42 | 0.72 | 0.97 | 3.17 | 1.07 | 1.01 | 1.30 | 1.17 | 1.33 | 0.75 | -2.94 | 1.46 | -13.16 | 3.35 | 1.56 | 5.18 | -0.50 | 1.66 | 1.66 |
| EPS Growth % | 10.76% | 1.27% | 15.33% | -13.84% | -30.26% | 227.37% | -234.59% | 79.73% | -82.08% | 313% | 162.11% | -213.38% | 97.22% | -25.77% | -69.4% | 196.26% | 5.94% | -22.31% | 11.11% | -12.03% | 77.33% | 125.51% | -301.37% | 111.09% | -492.84% | 114.74% | -69.88% | 1136% | -130.12% | 0% | -62.78% |
| EPS (Basic) | - | 1.61 | 1.58 | 1.37 | 1.60 | 2.35 | -1.79 | 1.34 | 0.74 | 4.16 | 1.00 | -1.61 | 1.42 | 0.73 | 0.98 | 3.19 | 1.08 | 1.02 | 1.32 | 1.25 | 1.39 | 0.81 | -2.94 | 1.59 | -13.16 | 3.38 | 1.57 | 5.20 | -0.50 | 1.66 | 1.66 |
| Diluted Shares Outstanding | 664.43M | 656M | 644.14M | 633.18M | 632.35M | 609.94M | 531.03M | 505.16M | 452.46M | 434.31M | 433.6M | 430.18M | 431.67M | 431M | 430M | 429M | 413M | 368M | 344M | 342.51M | 324.81M | 336M | 364.52M | 331.28M | 299.71M | 292.45M | 286.61M | 286.02M | 282.96M | 253.55M | 243.92M |
Quick answers to the most common questions about buying CNP stock.
For fiscal year 2025, CenterPoint Energy, Inc. (CNP) reported total revenue of $9.36B. This represents a 128.5% increase compared to $4.10B in 1996.
CenterPoint Energy, Inc. (CNP) is profitable, generating $1.05B in net income for the fiscal year ending 2025 with a net profit margin of 11.2%.
CenterPoint Energy, Inc. (CNP) reported an operating income of $2.11B, resulting in an operating profit margin of 22.6%. This margin reflects the operational efficiency of the business before interest and taxes.
CenterPoint Energy, Inc. (CNP) generated $2.69B in gross profit for the year, representing a gross profit margin of 28.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Interest coverage constrains flexibility
Metrics are mathematically derived from official filings.
Rate Base Expansion Drives Revenue Surge
CenterPoint's revenue grew 10.2% year-over-year in 2026Q3 to $2.2 billion, consistent with 10.7% growth in 2026Q2, according to recent quarterly filings. This sustained high-single-digit growth suggests rate base expansion from approved capital deployment rather than weather-driven volumetric spikes that would be non-recurring.
Revenue growth accelerated meaningfully from the 1.9% recorded in 2026Q1 and the low single-digit rates observed through much of 2024, pointing to a structural shift rather than seasonal noise. The pattern of consecutive quarters above 10% growth is consistent with rate case settlements and in-service capital additions flowing into regulated rates. Investors should monitor whether this growth pace is underpinned by formulaic recovery mechanisms or discrete rate case outcomes that may not repeat.
Earned Margins Expand Beyond Trend
According to recent SEC filings, CenterPoint's operating margin expanded to 30.4% in 2026Q3 from 21.4% in 2024Q4, a 900-basis-point improvement. Net margin reached 15.1%, well above the 10-quarter range of 10.2% to 14.7%, suggesting the company may be capturing returns above trend.
Such a sharp margin expansion over a relatively short period is atypical for a regulated utility and may reflect the convergence of rate case settlements, lower storm-related expenses, or favorable weather normalization adjustments. The 2026Q2 margin of 24.8% followed by 30.4% in Q3 indicates accelerating earned returns, but the sustainability of this level is uncertain as utilities typically gravitate toward authorized ROE over a full rate cycle. If the elevated margin proves transient, consensus forward estimates could face downward revision when normalizing effects wash through.
Capital Intensity Underpins Earnings Growth
As reported in financial statements, CenterPoint's D&A expense grew from $334 million in 2024Q3 to $444 million in 2026Q3, a 33% increase over eight quarters, reflecting substantial rate base additions. Diluted EPS rose from $0.30 to $0.50 over the same period, suggesting capital is generating acceptable incremental returns.
The strong correlation between D&A growth and EPS growth indicates that new plant additions are earning their authorized return and flowing through to shareholders. However, the ratio of D&A growth to EPS growth should be tracked carefully—if depreciation outpaces earnings over successive quarters, it would imply declining returns on incremental invested capital. The current trajectory appears constructive, but the durability of this dynamic depends on sustained regulatory approval of capital recovery without material disallowances.
Margin Outliers and Coverage Tightness Warrant Scrutiny
Despite margin expansion to 30.4%, CenterPoint's interest coverage remained at 2.47x in 2026Q3, within the narrow 2.1x to 2.6x band observed over ten quarters, per CenterPoint's quarterly income statement data. This suggests heavy debt-financed capital deployment, and the elevated net margin may partly reflect non-recurring items or favorable weather.
The 2026Q3 net margin of 15.1% is a clear outlier relative to the 10-quarter range and may not represent sustainable regulated earnings power; investors should consider what portion is attributable to transitory factors. Interest coverage has shown no meaningful improvement despite margin expansion, implying that debt is scaling in lockstep with rate base growth without providing incremental credit protection—a concerning dynamic in a higher-for-longer rate environment. Additionally, storm hardening mandates following Houston-area weather events and political scrutiny on Texas utility spending could compress earned margins or require capital deployment at sub-authorized returns in future rate cases.