A Business at a Glance
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Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 GW of power infrastructure in the United States, including 2.2 GW of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable power. Our Operations Our Fleet The following discussion provides a brief overview of our fleet. See “Item 2. Properties” for additional information on each of our facilities Highly efficient baseload generation.
| Metric | TTM | FY2025 | FY2024 | FY2022 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|
| Revenue | 2.6B | 2.6B | 2.1B | 3.1B | 4.5B | 601M |
| Net Income | -219M | -219M | 998M | -1.3B | -341M | 410M |
| EPS | $-4.79 | $-4.79 | $17.67 | - | $-3.10 | $4.91 |
| Free Cash Flow | 606M | 606M | 171M | -45M | 317M | 46M |
| ROIC | -0.8% | -3.6% | 20.7% | - | -0.5% | 4.6% |
| Gross Margin | - | - | - | - | 76.5% | - |
| Debt/Equity | 7.65 | 7.65 | 2.17 | -0.00 | 1.12 | 0.73 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -90M | -90M | 226M | 241M | -39M | 397M |
| Operating Margin | -3.5% | -3.5% | 10.7% | 7.8% | -0.9% | 66.1% |
| ROE | -20.0% | -17.7% | 51.9% | 267.4% | -8.3% | 9.4% |
| Shares Outstanding | 46M | 46M | 56M | - | 110M | 84M |
| Metric | 2013 | 2014 | 2015 | 2022 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 527M | 601M | 4.5B | 3.1B | 2.1B | 2.6B | 2.6B |
| Gross Margin | -82.4% | N/A | 76.5% | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | 3.4B | 106M | 163M | 624M | 624M |
| EBIT | -293M | 397M | -39M | 241M | 226M | -90M | -90M |
| Op. Margin | -55.6% | 66.1% | -0.9% | 7.8% | 10.7% | -3.5% | -3.5% |
| Net Income | -230M | 410M | -341M | -1.3B | 998M | -219M | -219M |
| Net Margin | -43.6% | 68.2% | -7.6% | -41.7% | 47.2% | -8.5% | -8.5% |
| Non-Recurring | 65M | 315M | 465M | 488M | 910M | 11M | 11M |
| Returns on Capital | |||||||
| ROIC | N/A | 4.6% | -0.5% | N/A | 20.7% | -3.6% | -0.8% |
| ROE | N/A | 9.4% | -8.3% | 267.4% | 51.9% | -17.7% | -20.0% |
| ROA | N/A | 7.6% | -2.9% | N/A | 15.1% | -2.6% | -2.0% |
| Cash Flow | |||||||
| Op. Cash Flow | 410M | 462M | 768M | 187M | 256M | 704M | 704M |
| Free Cash Flow | -173M | 46M | 317M | -45M | 171M | 606M | 606M |
| Owner Earnings | 111M | -5.8B | -5.7B | -333M | -75M | -101M | -101M |
| CapEx | 583M | 416M | 451M | 232M | 85M | 98M | 98M |
| Maint. CapEx | 299M | 6.2B | 6.4B | 520M | 298M | 279M | 279M |
| Growth CapEx | 284M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 299M | 6.2B | 6.4B | 520M | 298M | 279M | 279M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 33.2% | 13.9% | 13.9% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 2.0B | 103M | 103M |
| Buyback Yield | 0.0% | N/A | N/A | 0.0% | 17.3% | 0.6% | 0.7% |
| Stock-Based Comp | N/A | N/A | 18M | 0 | 33M | 526M | 526M |
| Debt Repayment | 747M | 309M | 335M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -595M | 2.5B | 4.4B | -988M | 2.1B | 6.9B | 7.7B |
| Cash & Equiv. | 239M | 352M | 141M | 988M | 328M | 689M | 689M |
| Long-Term Debt | 0 | 1.7B | 3.8B | 0 | 3.0B | 6.8B | 6.8B |
| Debt/Equity | N/A | 0.73 | 1.12 | 0.00 | 2.17 | 7.65 | 7.65 |
| Interest Coverage | -1.8 | 3.2 | -0.2 | 0.7 | 0.9 | -0.3 | -0.3 |
| Equity | N/A | 3.9B | 4.3B | -482M | 1.4B | 1.1B | 1.1B |
| Total Assets | N/A | 10.8B | 12.8B | N/A | 6.1B | 10.9B | 10.9B |
| Total Liabilities | N/A | 6.9B | 8.5B | N/A | 4.7B | 9.8B | 9.8B |
| Intangibles | N/A | 257M | 310M | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 0 | -373M | N/A | -326M | -612M | -612M |
| Working Capital | N/A | -189M | 674M | N/A | 585M | 299M | 299M |
| Current Assets | N/A | 2.7B | 2.8B | N/A | 1.0B | 1.3B | 1.3B |
| Current Liabilities | N/A | 2.9B | 2.1B | N/A | 455M | 1.1B | 1.1B |
| Per Share Data | |||||||
| EPS | -2.75 | 4.91 | -3.10 | N/A | 17.67 | -4.79 | -4.79 |
| Owner EPS | 1.33 | -69.22 | -51.46 | N/A | -1.33 | -2.21 | -2.21 |
| Book Value | N/A | 46.79 | 39.12 | N/A | 24.56 | 23.91 | 23.91 |
| Cash Flow/Share | 4.90 | 5.53 | 6.98 | N/A | 4.53 | 15.40 | 1.31 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 83.6M | 83.5M | 110.0M | N/A | 56.5M | 45.7M | 45.7M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 11.3 | N/A | -72.2 |
| P/FCF | N/A | N/A | N/A | N/A | 66.1 | 29.0 | 26.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | 60.5 | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 8.1 | 16.1 | 14.5 |
| Price/Sales | N/A | N/A | N/A | N/A | 3.4 | 5.3 | 6.1 |
| FCF Yield | N/A | N/A | N/A | N/A | 1.5% | 3.4% | 3.8% |
| Market Cap | 0 | N/A | N/A | 0 | 11.3B | 17.6B | 15.8B |
| Avg. Price | 0.00 | N/A | N/A | 0.00 | 128.07 | 301.17 | 345.76 |
| Year-End Price | 0.00 | N/A | N/A | 0.00 | 200.12 | 384.52 | 345.76 |
Talen Energy Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 26.1x vs a median of 47.6x. The company's 5-year average ROIC is 5.3% with a gross margin of 76.5%. Total shareholder yield (buybacks) is 0.7%. At current prices, the estimated annualized return to fair value is +0.4%.
Talen Energy Corp (TLN) has a 5-year average return on invested capital (ROIC) of 5.3%. This is below average and may indicate limited pricing power.
Talen Energy Corp (TLN) has a market capitalization of $15.8B. It is classified as a large-cap stock.
Talen Energy Corp (TLN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.65%.
Talen Energy Corp (TLN) operates in the Electric Services industry, within the Utilities sector.
Talen Energy Corp (TLN) reported annual revenue of $2.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Talen Energy Corp (TLN) has a net profit margin of -8.5%. The company is currently unprofitable.
Talen Energy Corp (TLN) generated $606 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Talen Energy Corp (TLN) has a debt-to-equity ratio of 7.65. This indicates higher leverage, which may increase financial risk.
Talen Energy Corp (TLN) reported earnings per share (EPS) of $-4.79 in its most recent fiscal year.
Talen Energy Corp (TLN) has a return on equity (ROE) of -17.7%. A negative ROE may indicate losses or negative equity.
Talen Energy Corp (TLN) has a 5-year average gross margin of 76.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for Talen Energy Corp (TLN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Talen Energy Corp (TLN) has a book value per share of $23.91, based on its most recent annual SEC filing.