Tennessee Valley Authority TVE
BUSINESS..........................................................................................................................................................................................................................................
The Corporation.................................................................................................................................................................................................................................
Service Area.......................................................................................................................................................................................................................................
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $12.05B | $12.54B | $10.50B | $10.25B | $11.32B | $11.23B | $10.74B |
| Total operating expenses | — | $11.10B | $10.09B | $10.36B | $10.13B | $7.66B | $7.54B | $8.51B | $8.66B | $8.01B |
| Operating income | — | $2.57B | $2.23B | $1.69B | $2.41B | $2.85B | $2.71B | $2.81B | $2.57B | $2.73B |
| Interest expense | — | — | — | — | — | — | — | — | $1.24B | $1.35B |
| Net income | — | $1.36B | $1.14B | $500.0M | $1.11B | $1.51B | $1.35B | $1.42B | $1.12B | $685.0M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $1.58B | $502.0M | $521.0M | $520.0M | $518.0M | $521.0M | $322.0M | $322.0M | $311.0M |
| Receivables | — | $2.12B | $1.80B | $1.75B | $2.01B | $1.57B | $1.53B | $1.74B | $1.66B | $1.57B |
| Inventory | — | $1.19B | $1.16B | $1.11B | $1.07B | $950.0M | $1.00B | $999.0M | $961.0M | $1.06B |
| Total current assets | — | $5.18B | $3.77B | $3.67B | $3.97B | $3.50B | $3.25B | $3.28B | $3.42B | $3.45B |
| Property, plant and equipment | — | $41.47B | $39.06B | $37.48B | $36.86B | $36.46B | $35.58B | $35.13B | $35.41B | $34.95B |
| Total assets | — | $60.88B | $57.70B | $51.34B | $51.19B | $52.46B | $52.83B | $50.47B | $48.67B | $50.02B |
| Accounts payable | — | $3.30B | $2.91B | $2.62B | $2.47B | $2.21B | $1.84B | $1.65B | $1.98B | $1.94B |
| Short-term debt | $0 | $0 | $1.17B | $432.0M | $29.0M | $1.03B | $1.79B | $1.03B | $1.22B | $2.00B |
| Total current liabilities | — | $5.61B | $5.87B | $4.87B | $4.64B | $4.98B | $4.71B | $4.31B | $4.85B | $6.40B |
| Long-term debt | — | $22.09B | $18.76B | $18.78B | $18.79B | $18.46B | $19.00B | $20.18B | $21.31B | $21.44B |
| Total liabilities | — | — | — | — | — | — | $39.89B | $38.84B | $38.38B | $40.88B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | $3.32B | $3.00B | $2.87B | $2.95B | $3.26B | $3.64B | $3.72B | $3.94B | $2.73B |
| Depreciation and amortisation | — | $2.29B | $2.16B | $2.23B | $2.08B | $1.55B | $1.85B | $1.99B | $2.55B | $1.76B |
| Capital expenditure | — | $4.46B | $3.28B | $2.53B | $2.36B | $1.96B | $1.64B | $1.70B | $1.76B | $2.15B |
| Investing cash flow | — | -$4.66B | -$3.59B | -$2.99B | -$2.66B | -$2.34B | -$2.02B | -$2.24B | -$2.27B | -$2.54B |
| Financing cash flow | — | $2.41B | $590.0M | $123.0M | -$283.0M | -$921.0M | -$1.42B | -$1.48B | -$1.66B | -$191.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001376986-20-000030.
Others in SIC 4911
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | $173.98B | 25.3x | 9.8% |
| CEG | Constellation Energy Corp | $105.92B | 40.4x | 19.5% |
| AEP | AMERICAN ELECTRIC POWER CO INC | $67.74B | 18.7x | 8.7% |
| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |