Talen Energy Corp key statistics and ratios

In fiscal 2025, Talen Energy Corp had return on equity of -17.7%, an operating margin of -3.5%, debt equal to 632.3% of equity and a current ratio of 1.28. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Talen Energy Corp: financial ratios, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2022Dec 2022	2024Dec 2024	2025Dec 2025	LTMSept 2026
Operating margin	−6.5%	8.7%	−0.9%	7.8%	10.7%	−3.5%	2.0%
Net margin	−5.1%	8.9%	−7.6%	−41.7%	47.2%	−8.5%	−6.4%
Free-cash-flow margin	−3.8%	1.0%	7.1%	−1.5%	8.1%	23.5%	10.0%
Return on equity	−4.8%	9.4%	−8.3%	−67.5%	—	−17.7%	−19.0%
Return on assets	—	3.8%	−2.9%	—	16.3%	−2.6%	−2.0%
Asset turnover	—	0.43	0.38	—	0.35	0.30	0.30
Current ratio	—	0.93	1.32	—	2.29	1.28	0.89
Debt to equity	0.0%	72.9%	111.8%	—	219.0%	632.3%	613.2%
Interest cover (operating income ÷ interest)	n/m	3.2x	n/m	—	—	—	—
Effective tax rate	—	38.3%	—	—	8.8%	—	—
Capital spending as % of revenue	13.0%	9.1%	10.1%	7.5%	4.0%	3.8%	9.5%
Free cash flow ÷ net income	—	11.2%	—	—	17.1%	—	—
Dividends and buybacks ÷ free cash flow	—	—	—	—	>999%	17.0%	126.8%

US$ thousands unless shown otherwise. Fiscal quarters.

Talen Energy Corp: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	3.4%	−27.2%	10.5%	32.4%	−41.8%	18.6%	−9.6%	19.2%
Net margin	17.6%	−34.6%	11.4%	25.5%	−48.5%	5.6%	−12.3%	10.4%
Free-cash-flow margin	−3.6%	25.9%	−34.4%	57.6%	33.9%	37.1%	−76.7%	22.3%
Current ratio	2.29	1.62	1.84	2.29	1.28	1.25	0.78	0.89
Debt to equity	216.6%	253.6%	239.9%	203.3%	623.1%	634.4%	592.3%	605.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 5 checks passed · September 30, 2026

What it owns · $15.1bn

Short-term assets $1.2bnLonger-term assets $13.9bn

What it owes, and who funded it · $15.1bn

Short-term liabilities $1.3bnLonger-term liabilities $12.2bnShareholders' equity $1.6bn

Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.3bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.2bn short-term assets against $12.2bn of longer-dated liabilities.
More cash than debt $335m of cash against $9.6bn of debt.
Debt below 40% of shareholders' equity Debt is 606% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $770m of operating cash flow against $9.6bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Talen Energy Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Talen Energy Corp's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Talen Energy Corp.