Companhia Paranaense de Energia - COPEL(ELP)Earnings, Financials & Key Ratios

ELP•NYSE•Utilities

$9.27

$7M mkt cap·3.0× P/E·Price updated Apr 24, 2026

SectorUtilities IndustryDiversified Utilities Sub-IndustryRegulated electric and gas utilities

AboutCompanhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.Show more

Revenue$22.65B+5.5%
EBITDA$5.45B+9.0%
Net Income$2.81B+24.4%
Free Cash Flow-$435M-213.5%
EBITDA Margin24.07%+3.4%
Net Margin12.4%+18.0%
ROE11.28%+13.1%
Interest Coverage1.94-6.1%
Debt/Equity0.69+8.9%
Net Debt/EBITDA2.46+28.2%
CapEx / Revenue4.7%-67.8%
CapEx Coverage0.59-47.3%

Technical→

ELP Key Insights

Companhia Paranaense de Energia - COPEL (ELP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Healthy dividend yield of 4.3%
✓Trading at only 0.3x 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.

ELP Price & Volume

Companhia Paranaense de Energia - COPEL (ELP) stock price & volume — 10-year historical chart

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ELP Growth Metrics

Companhia Paranaense de Energia - COPEL (ELP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.93%

5 Years7.38%

3 Years-1.89%

TTM12.38%

Profit CAGR

10 Years8.83%

5 Years7.14%

3 Years-17.22%

TTM-28.81%

EPS CAGR

10 Years5.89%

5 Years0.26%

3 Years-17.32%

TTM-21.51%

Return on Capital

10 Years7.59%

5 Years8.21%

3 Years6.41%

Last Year8.69%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CIGCompanhia Energética de Minas GeraisDirect Competitor	4.65B	2.44	4.84	8.06%	9.26%	14.29%	0.46
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESPDirect Competitor	23.22B	33.16	13.53	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
NEENextEra Energy, Inc.Product Competitor	198.92B	95.39	28.99	11%	29.3%	12.66%	1.44
AESThe AES CorporationProduct Competitor	10.23B	14.34	11.38	-0.37%	8.42%	10.65%	2.54
EDNEmpresa Distribuidora y Comercializadora Norte Sociedad AnónimaProduct Competitor	530.18M	25.75	5.13	191.42%	7.84%	11.7%	0.32
PAMPampa Energía S.A.Product Competitor	4.48B	83.40	7.36	8.31%	18.36%	10.88%	0.64
TGSTransportadora de Gas del Sur S.A.Product Competitor	2.19B	31.56	13.53	64.75%	24.61%	14.83%	0.53

Compare ELP vs Peers

Companhia Paranaense de Energia - COPEL (ELP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIG

Most directly comparable listed peer for ELP.

Scale Benchmark

vs GE

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

Peer Set

Compare Top 5

vs CIG, SBS, ERJ, NEE

ELP Income Statement

Companhia Paranaense de Energia - COPEL (ELP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Revenue	13.1B	14.02B	14.93B	15.87B	18.63B	23.98B	20.54B	21.48B	22.65B	24.95B
Revenue Growth %	-12.34%	7.04%	6.49%	6.26%	17.42%	28.72%	-14.38%	4.6%	5.45%	12.38%
Cost of Revenue	10.66B	11.07B	12.03B	12.04B	13.35B	19.12B	16.6B	17.43B	18.58B	20.62B
Gross Profit	2.44B▲ 0%	2.96B▲ 21.0%	2.9B▼ 1.8%	3.83B▲ 32.0%	5.29B▲ 37.9%	4.86B▼ 8.0%	3.93B▼ 19.1%	4.05B▲ 2.9%	4.07B▲ 0.6%	4.33B▲ 0%
Gross Margin %	18.66%	21.09%	19.44%	24.16%	28.37%	20.28%	19.16%	18.85%	17.98%	17.35%
Gross Profit Growth %	-3.85%	21%	-1.84%	32.03%	37.88%	-7.96%	-19.13%	2.92%	0.6%	-
Operating Expenses	1.05B	1.56B	921.11M	934.85M	969.23M	1.12B	2.99B	354.07M	8.65M	-3.49B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA	2.1B	2.12B	2.73B	3.81B	5.27B	4.78B	2.11B	5B	5.45B	9.27B
EBITDA Margin %	16.05%	15.15%	18.29%	24.04%	28.31%	19.92%	10.28%	23.28%	24.07%	37.14%
EBITDA Growth %	-11.3%	1.05%	28.56%	39.67%	38.26%	-9.42%	-55.81%	136.8%	9.04%	8.54%
Depreciation & Amortization	708.3M	731.6M	749.18M	916.52M	958.42M	1.03B	1.17B	1.3B	1.39B	1.45B
D&A / Revenue %	5.41%	5.22%	5.02%	5.78%	5.14%	4.31%	5.69%	6.08%	6.13%	5.82%
Operating Income (EBIT)	1.39B▲ 0%	1.39B▼ 0.1%	1.98B▲ 42.3%	2.9B▲ 46.2%	4.32B▲ 48.9%	3.75B▼ 13.2%	942.89M▼ 74.8%	3.69B▲ 291.9%	4.06B▲ 10.0%	7.82B▲ 0%
Operating Margin %	10.64%	9.93%	13.27%	18.26%	23.16%	15.61%	4.59%	17.2%	17.94%	31.33%
Operating Income Growth %	-17.69%	-0.09%	42.3%	46.22%	48.92%	-13.23%	-74.82%	291.85%	10%	-
Interest Expense	1.2B	1.29B	1.11B	940.05M	682.66M	976.6M	1.62B	1.79B	2.09B	4M
Interest Coverage	1.16x	1.08x	1.79x	3.08x	6.32x	3.83x	0.58x	2.07x	1.94x	-
Interest / Revenue %	9.16%	9.19%	7.42%	5.92%	3.66%	4.07%	7.87%	8.32%	9.24%	0.02%
Non-Operating Income	0	0	-1000K	-1000K	1000K	1000K	0	-1000K	-1000K	-4M
Pretax Income	1.39B▲ 0%	1.39B▼ 0.1%	1.96B▲ 40.4%	2.85B▲ 45.5%	5.12B▲ 79.8%	5.12B▼ 0.0%	942.89M▼ 81.6%	2.49B▲ 164.1%	2.91B▲ 16.8%	2.84B▲ 0%
Pretax Margin %	10.64%	9.93%	13.1%	17.94%	27.48%	21.34%	4.59%	11.59%	12.83%	11.38%
Income Tax	519.69M	274.69M	511.99M	675.66M	1.29B	1.26B	-281.1M	354.06M	599.43M	662.59M
Effective Tax Rate %	37.28%	19.72%	26.18%	23.73%	25.11%	24.61%	-29.81%	14.22%	20.62%	23.33%
Net Income	895.77M▲ 0%	1.03B▲ 15.4%	1.41B▲ 36.1%	1.99B▲ 41.4%	3.9B▲ 96.2%	4.95B▲ 26.9%	1.11B▼ 77.5%	2.26B▲ 103.1%	2.81B▲ 24.4%	2.21B▲ 0%
Net Margin %	6.84%	7.37%	9.42%	12.54%	20.95%	20.65%	5.42%	10.52%	12.4%	8.85%
Net Income Growth %	-19.27%	15.39%	36.13%	41.43%	96.2%	26.85%	-77.55%	103.13%	24.39%	-28.81%
EPS (Diluted)	1.32▲ 0%	1.52▲ 15.2%	2.04▲ 34.2%	3.08▲ 51.0%	5.60▲ 81.8%	5.52▼ 1.4%	1.80▼ 67.4%	2.92▲ 62.2%	3.12▲ 6.8%	2.97▲ 0%
EPS Growth %	-19.51%	15.15%	34.21%	50.98%	81.82%	-1.43%	-67.39%	62.22%	6.85%	-21.51%
EPS (Basic)	1.32	1.52	2.04	3.08	5.60	5.52	1.80	2.92	3.12	-
Diluted Shares Outstanding	684.14M	684.14M	684.14M	684.14M	684.14M	684.14M	684.14M	707.74M	745.69M	742.38M

ELP Balance Sheet

Companhia Paranaense de Energia - COPEL (ELP) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Assets	30.29B	33.16B	35.93B	38.31B	46.78B	49.54B	49.7B	55.82B	57.38B	62.05B
Asset Growth %	4.63%	9.49%	8.35%	6.63%	22.11%	5.88%	0.34%	12.3%	2.8%	28.43%
PP&E (Net)	8.93B	9.83B	10.84B	10.68B	9.63B	10.35B	10.33B	11.08B	8.83B	8.51B
PP&E / Total Assets %	29.5%	29.64%	30.17%	27.89%	20.58%	20.89%	20.78%	19.85%	15.38%	13.71%
Total Current Assets	4.24B	5.7B	6.68B	7.91B	11.41B	11.19B	9.33B	13.72B	13.04B	13.14B
Cash & Equivalents	982.07M	1.04B	1.95B	2.94B	3.22B	3.47B	2.68B	5.63B	4.16B	3.97B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	130.64M	110.56M	116.28M	130.44M	162.79M	197.78M	194.85M	174.73M	136.32M	164.91M
Other Current Assets	1.29M	1.78B	1.42B	1.52B	3.93B	182K	2.83B	1.84B	4.43B	4.26B
Long-Term Investments	2.95B	2.81B	2.61B	2.83B	3.05B	3.79B	3.78B	4.77B	4.14B	15.43B
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	6.46B	6.45B	6.03B	6.33B	6.93B	9.22B	10.28B	11.17B	16.62B	18.13B
Other Assets	7.71B	8.37B	9.78B	10.56B	15.77B	14.03B	15.99B	13.33B	13.1B	18.63B
Total Liabilities	15.31B	17.65B	19.59B	20.71B	26.53B	27.36B	28.57B	31.63B	31.75B	36.1B
Total Debt	8.84B	9.83B	11.68B	11.64B	10.08B	12.04B	12.73B	15.23B	17.57B	21.24B
Net Debt	7.86B	8.79B	9.74B	8.69B	6.86B	8.57B	10.05B	9.6B	13.41B	17.26B
Long-Term Debt	6.24B	7.41B	8.27B	10.15B	7.35B	9.1B	10.83B	13.06B	13.99B	18.77B
Short-Term Borrowings	2.6B	2.42B	3.3B	1.42B	2.6B	2.72B	1.63B	1.9B	3.26B	2.16B
Capital Lease Obligations	0	0	0	96.6M	138.36M	212.73M	273.76M	270.44M	328.51M	1.3B
Total Current Liabilities	5.66B	6.11B	6.7B	5.35B	9.65B	7.98B	7.16B	9.31B	10.34B	9.16B
Accounts Payable	1.26B	1.68B	1.42B	1.69B	2.29B	2.69B	2.09B	2.26B	2.32B	3.01B
Accrued Expenses	250.1M	284.76M	257.99M	326.84M	1.6B	0	1.03B	27K	987.98M	2.52B
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.55B	1.72B	1.69B	1.88B	3.12B	1.06B	2.35B	2.95B	3.72B	3.13B
Deferred Taxes	0	0	0	0	0	1000K	0	1000K	1000K	5.9B
Other Liabilities	3.42B	4.13B	4.54B	5.15B	9.44B	8.75B	10.38B	7.35B	5.25B	7.92B
Total Equity	14.98B▲ 0%	15.51B▲ 3.6%	16.34B▲ 5.3%	17.6B▲ 7.7%	20.25B▲ 15.1%	22.18B▲ 9.5%	21.13B▼ 4.7%	24.19B▲ 14.5%	25.64B▲ 6.0%	25.95B▲ 0%
Equity Growth %	2.7%	3.55%	5.32%	7.73%	15.07%	9.5%	-4.71%	14.48%	5.97%	16.06%
Shareholders Equity	14.72B	15.21B	16.03B	17.25B	19.96B	21.84B	20.82B	23.89B	25.67B	25.99B
Minority Interest	260.04M	302.66M	303.29M	345.8M	291.41M	338.21M	313.86M	305.51M	-37.78M	-38.37M
Common Stock	7.91B	7.91B	7.91B	10.8B	10.8B	10.8B	10.8B	12.82B	12.82B	12.82B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	5.81B	6.4B	7.34B	5.86B	8.81B	7.79B	9.42B	9B	9.36B	12.79B
Accumulated OCI	998.47M	895.6M	785.61M	591.93M	353.35M	1.46B	593.38M	1.63B	523M	494.7M
Return on Assets (ROA)	3.02%	3.26%	4.07%	5.36%	9.18%	10.28%	2.24%	4.28%	4.96%	3.56%
Return on Equity (ROE)	6.06%	6.78%	8.84%	11.73%	20.63%	23.35%	5.14%	9.97%	11.28%	8.51%
Debt / Equity	0.59x	0.63x	0.72x	0.66x	0.50x	0.54x	0.60x	0.63x	0.69x	0.69x
Debt / Assets	29.18%	29.64%	32.52%	30.37%	21.55%	24.3%	25.61%	27.29%	30.63%	34.22%
Net Debt / EBITDA	3.74x	4.14x	3.56x	2.28x	1.30x	1.79x	4.76x	1.92x	2.46x	2.46x
Book Value per Share	21.89	22.67	23.88	25.72	29.6	32.41	30.89	34.18	34.38	34.95

ELP Cash Flow Statement

Companhia Paranaense de Energia - COPEL (ELP) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	1.48B	1.01B	1.77B	2.95B	764M	627.64M	755.67M	3.52B	629.49M	629.49M
Operating CF Growth %	11.83%	-31.38%	74.76%	66.29%	-74.06%	-17.85%	20.4%	365.61%	-82.11%	746.86%
Operating CF / Revenue %	11.27%	7.23%	11.86%	18.56%	4.1%	2.62%	3.68%	16.38%	2.78%	2.52%
Net Income	947.79M	1.12B	1.44B	2.06B	742.25M	697.35M	229.77M	2.14B	429.99M	2.21B
Depreciation & Amortization	708.3M	731.6M	749.18M	950.73M	195.79M	200.61M	238.76M	1.38B	271.84M	1.47B
Deferred Taxes	530.57M	274.69M	511.99M	675.66M	4.83M	146.48M	-125.69M	-17.05M	78.17M	241.03M
Other Non-Cash Items	-85.15M	-1.55B	-1.46B	-822.25M	-451.31M	-912.56M	47.65M	-567.57M	-164.53M	-1.32B
Working Capital Changes	-1.77B	279.99M	381.47M	78M	272.45M	495.76M	365.17M	585.39M	14.01M	672.67M
Capital Expenditures	-2.21B	-2.01B	-1.5B	-1.66B	-323.29M	-62.66M	-537.32M	-3.14B	-1.06B	-6.91B
CapEx / Revenue %	16.89%	14.34%	10.02%	10.48%	1.74%	0.26%	2.62%	14.6%	4.7%	11.32%
CapEx / D&A	3.12x	2.75x	2.00x	1.75x	1.65x	0.32x	2.25x	2.27x	3.92x	1.92x
CapEx Coverage (OCF/CapEx)	0.67x	0.50x	1.18x	1.77x	2.36x	9.88x	1.41x	1.12x	0.59x	0.22x
Cash from Investing	-2.51B	-1.61B	-2.15B	-1.66B	-323.29M	5.91M	-537.32M	-3.14B	-1.06B	-7.38B
Acquisitions	74.98M	460.42M	43.28M	-88.76M	0	-93.01M	-3.49M	-911.45M	0	-1000K
Purchase of Investments	-505.1M	-248.24M	-127.36M	-133.87M	-23.4M	-15.77M	-935.03K	-54.84M	-6.11M	-10.33M
Sale of Investments	1000K	1000K	1000K	1000K	44.2K	0	1000K	1000K	1000K	2M
Other Investing	118.54M	145.7M	-576M	-1.12B	-254.08M	178.19M	-465.88M	-2.02B	-290.52M	-7.34B
Cash from Financing	535.6M	649.97M	1.29B	-288.04M	-332.5M	-534.53M	-372.16M	2.7B	149.11M	359.76M
Dividends Paid	-368.96M	-506.4M	-300.72M	-380.42M	-121.43M	-717.97M	-419.74M	-750.37M	-294.3M	-2.25B
Dividend Payout Ratio %	41.19%	48.99%	21.37%	19.12%	3.11%	14.5%	37.75%	33.22%	10.47%	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	2M
Stock Issued	0	0	0	0	0	0	0	2.03B	0	0
Share Repurchases	0	0	0	0	0	0	0	0	-9.28M	-70.04M
Other Financing	0	0	0	200.74M	-12.87M	-9.84M	-11.66M	-5.83M	-14.95M	-73.07M
Net Change in Cash	-498.65M▲ 0%	58M▲ 111.6%	908.33M▲ 1466.0%	993.32M▲ 9.4%	-110.83M▼ 111.2%	3.03M▲ 102.7%	-116.22M▼ 3934.7%	2.96B▲ 2643.7%	-486.27M▼ 116.4%	-3.77B▲ 0%
Exchange Rate Effect	0	0	0	0	-1000K	-1000K	1000K	-1000K	-1000K	0
Cash at Beginning	1.48B	982.07M	1.04B	1.95B	731.32M	620.49M	623.52M	2.68B	1.16B	2.85B
Cash at End	982.07M	1.04B	1.95B	2.94B	620.49M	623.52M	507.31M	5.63B	673.69M	3.82B
Free Cash Flow	-736.35M▲ 0%	-998.39M▼ 35.6%	274.31M▲ 127.5%	1.28B▲ 367.1%	440.71M▼ 65.6%	564.97M▲ 28.2%	218.35M▼ 61.4%	383.38M▲ 75.6%	-435.15M▼ 213.5%	-3.65B▲ 0%
FCF Growth %	-83.77%	-35.59%	127.48%	367.11%	-65.61%	28.19%	-61.35%	75.59%	-213.5%	-349.97%
FCF Margin %	-5.62%	-7.12%	1.84%	8.07%	2.37%	2.36%	1.06%	1.78%	-1.92%	-14.65%
FCF / Net Income %	-82.2%	-96.59%	19.5%	64.39%	11.29%	11.41%	19.64%	16.97%	-15.49%	-165.46%

ELP Key Ratios

Companhia Paranaense de Energia - COPEL (ELP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	6.06%	6.78%	8.84%	11.73%	20.63%	23.35%	5.14%	9.97%	11.28%	8.51%
EBITDA Margin	16.05%	15.15%	18.29%	24.04%	28.31%	19.92%	10.28%	23.28%	24.07%	37.14%
Net Debt / EBITDA	3.74x	4.14x	3.56x	2.28x	1.30x	1.79x	4.76x	1.92x	2.46x	2.46x
Interest Coverage	1.16x	1.08x	1.79x	3.08x	6.32x	3.83x	0.58x	2.07x	1.94x	-
CapEx / Revenue	16.89%	14.34%	10.02%	10.48%	1.74%	0.26%	2.62%	14.6%	4.7%	11.32%
Dividend Payout Ratio	41.19%	48.99%	21.37%	19.12%	3.11%	14.5%	37.75%	33.22%	10.47%	101.86%
Debt / Equity	0.59x	0.63x	0.72x	0.66x	0.50x	0.54x	0.60x	0.63x	0.69x	0.69x
EPS Growth	-19.51%	15.15%	34.21%	50.98%	81.82%	-1.43%	-67.39%	62.22%	6.85%	-21.51%

ELP Frequently Asked Questions

Companhia Paranaense de Energia - COPEL (ELP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Companhia Paranaense de Energia - COPEL (ELP) reported $24.95B in revenue for fiscal year 2024. This represents a 1347% increase from $1.72B in 1998.

Companhia Paranaense de Energia - COPEL (ELP) grew revenue by 5.5% over the past year. This is steady growth.

Yes, Companhia Paranaense de Energia - COPEL (ELP) is profitable, generating $2.21B in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, Companhia Paranaense de Energia - COPEL (ELP) pays a dividend with a yield of 4.26%. This makes it attractive for income-focused investors.

Companhia Paranaense de Energia - COPEL (ELP) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Companhia Paranaense de Energia - COPEL (ELP) had negative free cash flow of $3.65B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Companhia Paranaense de Energia - COPEL (ELP) has a dividend payout ratio of 10%. This suggests the dividend is well-covered and sustainable.

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