Zeo Energy Corp. (ZEO) 10-Year Financial Performance & Capital Metrics

ZEO • • Industrial / General

EnergySolarSolar Project Development & InstallationResidential Solar Installers

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 $73M -33.2%
EBITDA -$6M -185.8%
Net Income -$3M -155.1%
EPS (Diluted) -0.25 +10.7%
Gross Margin 48.09% +5.0%
EBITDA Margin -8.18% -228.6%
Operating Margin -14.79% -415.6%
Net Margin -3.64% -182.5%
ROE -7.26% -146.4%
ROIC -23.92% -275.8%
Debt/Equity 0.12 +22.1%
Interest Coverage -32.47

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.3x book value
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y43.88%

TTM-10.41%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-275.38%

EPS CAGR

10Y-

5Y-

3Y-

TTM-240.17%

ROCE

10Y Avg9.47%

5Y Avg9.47%

3Y Avg5.12%

Latest-27.4%

Peer Comparison

Residential Solar Installers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RUNSunrun Inc.	4.24B	18.26	-1.43	-9.83%	-106.48%	-53.11%		3.13
ZEOZeo Energy Corp.	33.15M	1.00	-4	-33.23%	-17.91%	-26.99%		0.12

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	24.59M	88.96M	109.69M	73.24M
Revenue Growth %	-	2.62%	0.23%	-0.33%
Cost of Goods Sold+	14.1M	71.21M	59.44M	38.02M
COGS % of Revenue	0.57%	0.8%	0.54%	0.52%
Gross Profit+	10.49M	17.75M	50.25M	35.22M
Gross Margin %	0.43%	0.2%	0.46%	0.48%
Gross Profit Growth %	-	0.69%	1.83%	-0.3%
Operating Expenses+	3.43M	9.11M	45.12M	46.05M
OpEx % of Revenue	0.14%	0.1%	0.41%	0.63%
Selling, General & Admin	3.05M	7.4M	43.27M	41.22M
SG&A % of Revenue	0.12%	0.08%	0.39%	0.56%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	379.82K	1.71M	1.84M	4.84M
Operating Income+	7.06M	8.65M	5.14M	-10.83M
Operating Margin %	0.29%	0.1%	0.05%	-0.15%
Operating Income Growth %	-	0.22%	-0.41%	-3.11%
EBITDA+	7.44M	10.35M	6.98M	-5.99M
EBITDA Margin %	0.3%	0.12%	0.06%	-0.08%
EBITDA Growth %	-	0.39%	-0.33%	-1.86%
D&A (Non-Cash Add-back)	379.82K	1.71M	1.84M	4.84M
EBIT	7.09M	8.72M	4.96M	-10.53M
Net Interest Income+	0	-51.3K	124K	-333.54K
Interest Income	0	0	124K	0
Interest Expense	0	51.3K	0	333.54K
Other Income/Expense	28.4K	20K	-294.26K	-31.39K
Pretax Income+	7.09M	8.67M	4.85M	-10.86M
Pretax Margin %	0.29%	0.1%	0.04%	-0.15%
Income Tax+	0	0	0	-988.8K
Effective Tax Rate %	1%	1%	1%	0.25%
Net Income+	7.09M	8.67M	4.85M	-2.67M
Net Margin %	0.29%	0.1%	0.04%	-0.04%
Net Income Growth %	-	0.22%	-0.44%	-1.55%
Net Income (Continuing)	7.09M	8.67M	4.85M	-9.87M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	131.82M
EPS (Diluted)+	0.27	0.42	-0.28	-0.25
EPS Growth %	-	0.56%	-1.67%	0.11%
EPS (Basic)	0.27	0.42	-0.28	-0.25
Diluted Shares Outstanding	34.5M	34.5M	10.72M	10.89M
Basic Shares Outstanding	34.5M	34.5M	10.72M	10.89M
Dividend Payout Ratio	1.05%	0.95%	1.07%	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	954.24K	3.34M	16.23M	18.89M
Cash & Short-Term Investments	450.85K	2.27M	8.02M	5.63M
Cash Only	450.85K	2.27M	8.02M	5.63M
Short-Term Investments	0	0	0	0
Accounts Receivable	390.06K	564.28K	2.91M	10.25M
Days Sales Outstanding	5.79	2.32	9.67	51.08
Inventory	0	287.15K	350.35K	872.47K
Days Inventory Outstanding	-	1.47	2.15	8.38
Other Current Assets	0	0	0	2.13M
Total Non-Current Assets+	31.42M	31.86M	31.9M	42.51M
Property, Plant & Equipment	939.9K	2.72M	4.05M	4.19M
Fixed Asset Turnover	26.16x	32.74x	27.06x	17.48x
Goodwill	27.01M	27.01M	27.01M	27.01M
Intangible Assets	3.46M	2.07M	771.03K	7.57M
Long-Term Investments	0	0	0	3M
Other Non-Current Assets	10.21K	62.14K	62.14K	75.94K
Total Assets+	32.37M	35.2M	48.13M	61.4M
Asset Turnover	0.76x	2.53x	2.28x	1.19x
Asset Growth %	-	0.09%	0.37%	0.28%
Total Current Liabilities+	1.02M	2.52M	15.51M	14.97M
Accounts Payable	675.71K	302.11K	4.7M	2.78M
Days Payables Outstanding	17.5	1.55	28.86	26.7
Short-Term Debt	204.42K	229.84K	404.87K	3.44M
Deferred Revenue (Current)	0	0	0	203.61K
Other Current Liabilities	56.07K	1.22M	5.28M	7.83M
Current Ratio	0.94x	1.32x	1.05x	1.26x
Quick Ratio	0.94x	1.21x	1.02x	1.20x
Cash Conversion Cycle	-	2.24	-17.04	32.76
Total Non-Current Liabilities+	539.26K	1.4M	2.03M	3.52M
Long-Term Debt	539.26K	820.71K	1.39M	496.62K
Capital Lease Obligations	0	580.98K	636.41K	1.15M
Deferred Tax Liabilities	0	0	0	423.41K
Other Non-Current Liabilities	0	-1	0	1.45M
Total Liabilities	1.56M	3.93M	17.54M	18.49M
Total Debt+	743.68K	2.11M	2.97M	5.09M
Net Debt	292.83K	-162.97K	-5.05M	-544.37K
Debt / Equity	0.02x	0.07x	0.10x	0.12x
Debt / EBITDA	0.10x	0.20x	0.43x	-
Net Debt / EBITDA	0.04x	-0.02x	-0.72x	-
Interest Coverage	-	168.55x	-	-32.47x
Total Equity+	30.82M	31.28M	30.59M	42.91M
Equity Growth %	-	0.01%	-0.02%	0.4%
Book Value per Share	0.89	0.91	2.85	3.94
Total Shareholders' Equity	30.82M	31.28M	30.59M	-88.91M
Common Stock	31.16M	31.16M	31.16M	4.85K
Retained Earnings	0	119.98K	-564.8K	-103.44M
Treasury Stock	0	0	0	0
Accumulated OCI	-340.24K	0	0	0
Minority Interest	0	0	0	131.82M

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.88M	10.72M	11.98M	-8.72M
Operating CF Margin %	0.28%	0.12%	0.11%	-0.12%
Operating CF Growth %	-	0.56%	0.12%	-1.73%
Net Income	7.09M	8.67M	4.85M	-9.87M
Depreciation & Amortization	379.82K	1.71M	1.84M	4.84M
Stock-Based Compensation	0	0	0	7.95M
Deferred Taxes	0	0	0	-997.7K
Other Non-Cash Items	0	668.96K	1.53M	2.73M
Working Capital Changes	-588.85K	-321.03K	3.76M	-13.36M
Change in Receivables	-283.86K	-916.99K	-8.77M	-3.73M
Change in Inventory	0	-287.15K	-63.21K	-131.9K
Change in Payables	-297.18K	-477.65K	4.5M	-2.51M
Cash from Investing+	379.13K	-1.08M	-1.03M	-7.37M
Capital Expenditures	-707.87K	-1.08M	-1.03M	-369.14K
CapEx % of Revenue	0.03%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	0	-7M
Cash from Financing+	-6.93M	-7.82M	-5.19M	13.7M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	-7.44M	-8.21M	-5.17M	-229.07K
Share Repurchases	-	-	-	-
Other Financing	0	0	0	0
Net Change in Cash	-	-	-	-
Free Cash Flow+	6.17M	9.64M	10.94M	-9.09M
FCF Margin %	0.25%	0.11%	0.1%	-0.12%
FCF Growth %	-	0.56%	0.13%	-1.83%
FCF per Share	0.18	0.28	1.02	-0.83
FCF Conversion (FCF/Net Income)	0.97x	1.24x	2.47x	3.27x
Interest Paid	5.08K	54.74K	103.42K	124.49K
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	23.01%	27.91%	15.66%	-7.26%
Return on Invested Capital (ROIC)	-	20.84%	13.61%	-23.92%
Gross Margin	42.67%	19.96%	45.81%	48.09%
Net Margin	28.84%	9.74%	4.42%	-3.64%
Debt / Equity	0.02x	0.07x	0.10x	0.12x
Interest Coverage	-	168.55x	-	-32.47x
FCF Conversion	0.97x	1.24x	2.47x	3.27x
Revenue Growth	-	261.79%	23.3%	-33.23%

Frequently Asked Questions

Growth & Financials

Zeo Energy Corp. (ZEO) reported $69.4M in revenue for fiscal year 2024. This represents a 182% increase from $24.6M in 2021.

Zeo Energy Corp. (ZEO) saw revenue decline by 33.2% over the past year.

Zeo Energy Corp. (ZEO) reported a net loss of $12.4M for fiscal year 2024.

Dividend & Returns

Yes, Zeo Energy Corp. (ZEO) pays a dividend with a yield of 0.83%. This makes it attractive for income-focused investors.

Zeo Energy Corp. (ZEO) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.

Zeo Energy Corp. (ZEO) had negative free cash flow of $8.8M in fiscal year 2024, likely due to heavy capital investments.

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