Sempra

SRE · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$57,625	$55,562	$47,030	$48,577	$42,242	$40,687	$48,373	$34,549	$26,845	$25,166	$23,334	$27,382	$21,889	$17,121	$13,185	$12,844	$13,622	$10,549	$16,044	$14,373	$11,026	$8,373	$3,177	$2,434	$2,504	$4,844	$2,064	$6,018	$2,864	$2,340	$2,187	$820	$917	$699	$975	$1,447	$1,870	$1,395	$1,850	$2,032	$1,770
Enterprise value	$104,268	$96,391	$82,829	$77,146	$67,746	$65,474	$75,937	$61,108	$48,419	$44,208	$38,344	$41,854	$34,752	$29,919	$24,179	$21,530	$22,307	$17,739	$21,000	$18,907	$16,139	$12,544	$8,047	$6,913	$6,452	$8,815	$5,020	$8,636	$4,418	$3,716	$3,592	$2,373	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	32.09×	19.72×	15.52×	23.20×	33.69×	10.81×	23.54×	37.39×	104.87×	18.37×	17.30×	23.59×	21.87×	19.93×	9.91×	18.12×	12.17×	9.48×	14.29×	13.51×	12.08×	9.00×	4.90×	4.12×	4.83×	11.29×	5.24×	20.47×	6.63×	5.48×	9.69×	5.72×	4.19×	3.32×	4.68×	6.96×	10.00×	7.36×	10.33×	9.53×	8.73×
P/S (TTM) at period end	4.21×	4.21×	2.81×	3.36×	3.29×	3.58×	4.47×	3.42×	2.78×	2.47×	2.28×	2.48×	2.07×	1.77×	1.31×	1.43×	1.68×	0.98×	1.43×	1.25×	0.96×	0.89×	0.40×	0.40×	0.32×	0.69×	0.39×	1.10×	1.29×	1.17×	1.17×	0.41×	0.46×	0.37×	0.54×	0.82×	0.90×	0.67×	1.19×	1.24×	1.02×
P/B at period end	1.82×	1.78×	1.64×	1.79×	1.63×	1.74×	2.43×	2.02×	2.12×	1.94×	1.98×	2.42×	1.99×	1.67×	1.35×	1.43×	1.51×	1.29×	1.88×	1.87×	1.79×	1.72×	0.82×	0.80×	0.87×	1.67×	0.69×	2.07×	1.71×	1.40×	1.33×	0.51×	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	17.93×	18.30×	15.64×	13.91×	13.82×	14.88×	17.60×	18.81×	13.00×	14.73×	11.49×	14.31×	11.81×	11.51×	8.82×	8.65×	10.49×	9.21×	9.49×	8.44×	9.56×	6.62×	5.18×	4.37×	4.09×	6.00×	3.06×	5.55×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	7.61×	7.31×	4.95×	5.34×	5.27×	5.76×	7.01×	6.05×	5.02×	4.34×	3.75×	3.79×	3.29×	3.10×	2.41×	2.39×	2.75×	1.65×	1.87×	1.64×	1.40×	1.33×	1.02×	1.15×	0.83×	1.25×	0.94×	1.58×	1.99×	1.86×	1.92×	1.20×	–	–	–	–	–	–	–	–	–
Returns
Return on equity	5.7%	9.0%	10.6%	7.7%	4.8%	16.1%	10.3%	5.4%	2.0%	10.6%	11.4%	10.3%	9.1%	8.4%	13.6%	7.9%	12.4%	13.7%	13.2%	13.8%	14.8%	19.1%	16.7%	19.5%	17.9%	14.8%	13.2%	10.1%	25.8%	25.5%	13.8%	9.0%	–	–	–	–	–	–	–	–	–
Return on invested capital	1.7%	3.5%	3.9%	3.6%	3.2%	4.7%	4.7%	4.0%	1.7%	4.2%	6.2%	5.5%	5.7%	6.1%	6.5%	7.6%	5.4%	5.6%	7.7%	8.2%	9.1%	11.5%	10.0%	10.5%	10.3%	8.1%	8.8%	7.7%	9.2%	9.4%	9.9%	8.6%	–	–	–	–	–	–	–	–	–
Dividend yield	2.8%	2.7%	3.2%	2.9%	3.2%	2.9%	2.1%	2.5%	2.8%	2.7%	2.7%	2.2%	2.8%	3.2%	3.3%	2.8%	2.5%	3.2%	2.0%	2.0%	2.4%	2.3%	5.7%	8.4%	8.1%	5.0%	17.8%	5.4%	10.5%	7.8%	8.3%	22.4%	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.59×	0.55×	0.54×	0.60×	0.44×	0.66×	0.36×	0.48×	0.50×	0.52×	0.63×	0.83×	0.91×	0.87×	0.56×	0.89×	0.59×	0.69×	0.96×	1.16×	1.13×	0.97×	0.92×	0.97×	0.88×	0.86×	0.94×	1.00×	0.47×	0.99×	0.63×	0.59×	–	–	–	–	–	–	–	–	–
Debt / equity	1.05×	1.08×	1.05×	1.03×	0.94×	0.97×	1.22×	1.34×	1.42×	1.25×	1.16×	1.22×	1.07×	1.18×	1.08×	1.02×	0.90×	0.92×	0.66×	0.71×	0.97×	0.94×	1.36×	1.63×	1.57×	1.45×	1.08×	0.97×	1.97×	0.93×	0.92×	0.99×	–	–	–	–	–	–	–	–	–
Effective tax rate	60.0%	10.4%	18.7%	41.4%	45.2%	16.7%	18.2%	(6.9%)	75.2%	21.3%	20.0%	19.7%	25.6%	6.3%	22.9%	16.9%	28.6%	30.4%	31.6%	36.8%	3.6%	18.2%	6.3%	20.2%	29.1%	38.6%	31.2%	31.9%	41.1%	41.3%	37.4%	42.6%	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	654	638	633	633	626	585	564	540	505	502	502	501	499	493	483	496	495	502	528	523	504	468	214	206	206	417	238	474	229	232	233	116	116	114	112	112	111	112	112	125	110

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$13,552	$13,702	$13,185	$16,720	$14,439	$12,857	$11,370	$10,829	$10,102	$9,640	$10,183	$10,231	$11,035	$10,557	$9,647	$10,036	$9,003	$8,106	$10,758	$11,214	$11,496	$11,512	$9,434	$7,887	$6,020	$7,730	$7,037	$5,360	$5,481	$2,217	$1,994	$1,871	$1,982	$1,980	$1,871	$1,789	$1,772	$2,082	$2,076	$1,555	$1,633	$1,739
Cost of revenue	($1,611)	($2,034)	($1,757)	($4,642)	($4,482)	($3,218)	($2,388)	($2,671)	($2,923)	($2,774)	($3,854)	($3,605)	($4,591)	($4,013)	($3,531)	($4,146)	($7,007)	($6,390)	($9,220)	($9,392)	($9,637)	($7,070)	($5,531)	($2,612)	($1,678)	($3,282)	($2,925)	($1,700)	($937)	($788)	($598)	($555)	($632)	–	–	–	–	–	–	–	–	–
Gross profit	$11,941	$11,668	$11,428	$12,078	$9,957	$9,639	$8,982	$8,158	$7,179	$6,866	$6,329	$6,626	$6,444	$6,544	$6,116	$5,890	$1,949	$1,647	$1,550	$1,822	$1,859	$4,442	$3,903	$5,275	$4,342	$4,448	$4,112	$3,660	$4,544	$1,428	$1,396	$1,315	$1,350	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	($5,281)	($5,336)	($5,458)	($4,746)	($4,341)	($543)	($496)	($472)	($436)	($426)	($423)	($408)	($374)	($359)	($343)	($327)	($296)	($312)	($295)	($275)	($251)	–	–	–	–	–	–	–	($223)	($262)	($210)	($208)	–	–	–	–	–	–	–	–	–
Total operating expenses	($8,287)	($8,415)	($8,597)	($9,008)	($6,431)	($6,591)	($6,247)	($5,413)	($5,422)	($4,576)	($4,640)	($4,539)	($4,676)	($4,714)	($4,606)	($4,125)	($327)	($296)	($312)	($295)	($275)	($3,380)	($2,629)	($4,336)	($3,355)	($3,451)	($3,207)	($2,897)	($3,918)	($924)	($909)	($835)	($878)	–	–	–	–	–	–	–	–	–
Total costs and expenses	($9,898)	($10,449)	($10,354)	($13,650)	($10,913)	($9,809)	($8,635)	($8,084)	($8,345)	($7,350)	($8,494)	($8,144)	($9,267)	($8,727)	($8,137)	($8,271)	($7,381)	($6,755)	($9,520)	($9,687)	($9,912)	($10,450)	($8,160)	($6,948)	($5,033)	($6,733)	($6,132)	($4,597)	($4,855)	($1,713)	($1,507)	($1,390)	($1,510)	–	–	–	–	–	–	–	–	–
Operating income	$3,654	$3,253	$2,831	$3,070	$3,526	$3,048	$2,735	$2,745	$1,757	$2,290	$1,689	$2,087	$1,768	$1,830	$1,510	$1,765	$1,622	$1,351	$1,238	$1,527	$1,584	$1,062	$1,274	$939	$987	$997	$905	$763	$626	$504	$487	$480	$472	$1,980	$1,871	$1,789	$1,772	$2,082	$2,076	$1,555	$1,633	$1,739
Earnings
EBITDA	$6,157	$5,816	$5,268	$5,297	$5,545	$4,903	$4,401	$4,314	$3,248	$3,726	$3,001	$3,337	$2,924	$2,943	$2,600	$2,741	$2,488	$2,126	$1,925	$2,213	$2,241	$1,688	$1,895	$1,554	$1,583	$1,576	$1,468	$1,642	$1,555	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	$133	$103	$61	$89	$75	$69	$96	$87	$85	$24	$26	$29	$22	$20	$24	$26	$16	$21	$45	$72	$109	$72	$69	$104	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,552)	($1,532)	($1,049)	($1,309)	($1,054)	($1,198)	($1,081)	($1,077)	($886)	($622)	($553)	($561)	($554)	($559)	($493)	($465)	($436)	($367)	($253)	($272)	($351)	($310)	($322)	($308)	–	($120)	($286)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,575	$1,169	$2,110	$2,627	$1,343	$219	$1,489	$1,734	$714	$1,248	$1,824	$1,704	$1,524	$1,430	$943	$1,723	$787	$1,476	$1,443	$1,659	$1,742	$947	$1,061	$742	$721	$731	$699	$573	$432	$733	$727	$360	$360	–	–	–	–	–	–	–	–	–
Income tax expense	($649)	($701)	($219)	($490)	($556)	($99)	($249)	($315)	$49	($938)	($389)	($341)	($300)	($366)	($59)	($394)	($133)	($422)	($438)	($524)	($641)	($34)	($193)	($47)	($146)	($213)	($270)	($179)	($138)	($301)	($300)	($135)	($153)	$219	$211	$208	$208	$187	$189	$179	$213	$203
Net income	$2,671	$2,072	$3,500	$3,618	$2,139	$1,318	$4,105	$2,362	$1,126	$256	$1,370	$1,349	$1,161	$1,001	$859	$1,331	$709	$1,119	$1,113	$1,123	$1,064	$913	$930	$649	$591	$518	$429	$394	$294	$432	$427	$226	$143	$219	$211	$208	$208	$187	$189	$179	$213	$203
Per share
Diluted EPS (GAAP)	$3.45	$2.75	$4.42	$4.79	$3.31	$2.01	$6.44	$3.65	$1.71	$0.505	$2.73	$2.69	$2.31	$2.00	$1.74	$2.75	$1.43	$2.26	$2.21	$2.13	$2.04	$1.81	$1.97	$1.52	$1.44	$1.26	$2.06	$0.83	$1.24	$1.82	$1.98	$1.94	$0.59	$0.91	$0.89	$0.89	$1.76	$0.79	$0.80	$0.74	$0.86	$0.82
Basic EPS (GAAP)	$3.47	$2.75	$4.44	$4.81	$3.32	$2.01	$6.46	$3.70	$1.73	$0.51	$2.74	$2.71	$2.36	$2.05	$1.78	$2.77	$1.45	$2.30	$2.25	$2.17	$2.07	$1.85	$2.02	$1.54	$1.44	$1.27	$2.06	$1.66	$1.24	$1.83	$1.98	$1.94	$0.59	$0.91	$0.89	$0.89	$1.76	$0.79	$0.80	$0.74	$0.86	$0.82
Basic shares outstanding	653	653	634	630	630	624	582	556	536	503	500	496	492	488	483	479	489	487	495	519	513	492	457	211	206	204	417	238	474	229	232	233	116	116	114	112	112	111	112	112	125	110
Margins
Gross margin	88.1%	85.2%	86.7%	72.2%	69.0%	75.0%	79.0%	75.3%	71.1%	71.2%	62.2%	64.8%	58.4%	62.0%	63.4%	58.7%	21.6%	20.3%	14.4%	16.2%	16.2%	38.6%	41.4%	66.9%	72.1%	57.5%	58.4%	68.3%	82.9%	64.4%	70.0%	70.3%	68.1%	–	–	–	–	–	–	–	–	–
Operating margin	27.0%	23.7%	21.5%	18.4%	24.4%	23.7%	24.1%	25.3%	17.4%	23.8%	16.6%	20.4%	16.0%	17.3%	15.7%	17.6%	18.0%	16.7%	11.5%	13.6%	13.8%	9.2%	13.5%	11.9%	16.4%	12.9%	12.9%	14.2%	11.4%	22.8%	24.4%	25.7%	23.8%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	19.7%	15.1%	26.5%	21.6%	14.8%	10.3%	36.1%	21.8%	11.1%	2.7%	13.5%	13.2%	10.5%	9.5%	8.9%	13.3%	7.9%	13.8%	10.3%	10.0%	9.3%	7.9%	9.9%	8.2%	9.8%	6.7%	6.1%	7.4%	5.4%	19.5%	21.4%	12.1%	7.2%	11.0%	11.3%	11.6%	11.7%	9.0%	9.1%	11.5%	13.1%	11.7%

Analyst consensus

Buy26 analysts

Bearish · 0 · Hold · 5 · Bullish · 21

Earnings history

	EPS	Estimate
Q3 2024	$0.89	$1.05	Miss
Q4 2024	$1.50	$1.47	Beat
Q1 2025	$1.44	$1.32	Beat
Q2 2025	$0.89	$0.85	Beat
Q3 2025	$1.11	$0.91	Beat
Q4 2025	$1.28	$1.24	Beat
Q1 2026	$1.51	$1.51	Match
Q2 2026	$1.16	$1.01	Beat

Peers

Company overview

IPO dateJun 29, 1998

CEOJeffrey Walker Martin

Employees15,938

SectorUtilities

IndustryDiversified Utilities

CountryUS

ExchangeNew York Stock Exchange

Websitewww.sempra.com

Sempra, an energy holding company founded in 1998 and headquartered in San Diego, California, conducts its operations both domestically and internationally. The firm adopted its current name in July 2021, having previously been known as Sempra Energy. Through its San Diego Gas & Electric Company division, Sempra delivers electricity to approximately 3.6 million individuals and natural gas to roughly 3.3 million individuals across a 4,100 square mile service area. The Southern California Gas Company segment manages an extensive natural gas network, encompassing distribution, transmission, and storage infrastructure, which supplies gas to an estimated 22 million people within a 24,000 square mile territory. Furthermore, Sempra's Texas Utilities division specializes in the regulated transmission and distribution of electrical power, serving 3.8 million residential and commercial customers. This segment oversees 140,000 miles of transmission and distribution lines, including 18,249 circuit miles of transmission lines and 1,174 transmission and distribution substations. It also features interconnections to 130 third-party power generation facilities with a combined capacity of 45,403 megawatts.

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