Tennessee Valley AuthorityTennessee Valley Authority
Tennessee Valley Authority

Tennessee Valley Authority

TVC

Tennessee Valley Authority provides electricity for utility and business customers in the United States. The firm sells power to distributor who then resells power to their customers at retail rates. Its distributor customers consist of municipalities and other local government entities, and customer-owned entities. It also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. The firm operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.

Market cap
No dataNo data
Revenue
$189MNo data
Net income
$1.4BNo data
Free cash flow
$-1.1BNo data

Market

Listed stock
TVCPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$189MNo data
Operating income
$2.6BNo data
Net income
$1.4BNo data
Free cash flow
$-1.1BNo data

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $10.5B, 2022 $12.5B, 2023 $12.1B, 2025 $189M. Operating income: 2021 $2.8B, 2022 $2.4B, 2023 $1.7B, 2025 $2.6B. Net income: 2021 $1.5B, 2022 $1.1B, 2023 $500M, 2025 $1.4B. Free cash flow: 2021 $1.3B, 2022 $587M, 2023 $346M, 2025 $-1.1B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
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Gross margin
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Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-09-30 $2.8B, 2022-09-30 $2.4B, 2023-09-30 $1.7B, 2025-09-30 $2.6B. Net income: 2021-09-30 $1.5B, 2022-09-30 $1.1B, 2023-09-30 $500M, 2025-09-30 $1.4B. Free cash flow: 2021-09-30 $1.3B, 2022-09-30 $587M, 2023-09-30 $346M, 2025-09-30 $-1.1B

Growth heatmap

202220232025CAGR
Revenue
+19.4%
-3.9%
-98.4%
No data
Gross profit
+19.4%
-3.9%
-98.4%
No data
Operating income
-15.3%
-29.7%
+51.7%
No data
Free cash flow
-54.6%
-41.1%
-427.5%
No data

Earnings quality

Operating cash flow
$3.3BNo data
Net income
$1.4BNo data
Free cash flow
$-1.1BNo data
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-09-30 244%, 2023-09-30 574%, 2022-09-30 266%, 2021-09-30 215%. Free cash flow: 2025-09-30 -83%, 2023-09-30 69%, 2022-09-30 53%, 2021-09-30 86%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

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Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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