FirmAtlas
Company handbook · SRE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
SRE · CIK 1032208 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
SEMPRA
$83.41
+1.48 (+1.81%)
Close, Oct 16, 2026 · 52-week $76–101
Last fiscal year
SEMPRA reported revenue of $12.4B for the year ended Dec 31, 2025 (FY25), up 5.1% from FY24. Net income was $1.8B, operating cash flow $4.6B and free cash flow −$6.0B. Source: 10-K filed Feb 26, 2026.
Market cap
$54.4B
P/E
27.8
P/B
1.7
Div yield
3.14%
Revenue 1Y
5.1%/yr
EPS 1Y
−37.8%/yr
Shares 1Y
+0.3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJeffrey W. Martin
HQSan Diego, CA
AuditorDeloitte & Touche LLP
Year endsDecember
Revenue by segment · FY25
Sempra California92%
Sempra Infrastructure8%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.8%
5.4%
5.6%
−8.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$22.0B deployed
Capex
$18.8B
85.5%
Dividends
$3.1B
14.1%
Buybacks
$101M
0.5%
Operating cash flow over the period: $9.5B. Total debt changed by −$2.6B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY19).
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
96,155
110,878+15.3%
113,518
Cash & short-term investments
1,589
29−98.2%
—
Accounts receivable
1,983
1,767−10.9%
—
Inventory
559
561+0.4%
—
Net PP&E
61,437
49,011−20.2%
—
Other assets
30,587
59,510+94.6%
—
Total liabilities
64,933
79,284+22.1%
81,279
Total debt
31,558
28,979−8.2%
30,847
Other liabilities
33,375
50,305+50.7%
—
Shareholders’ equity
31,222
31,594+1.2%
32,239
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,907
4,565−7.0%
4,892
Net income
3,500
2,072−40.8%
—
Depreciation & amortization
2,437
2,563+5.2%
—
Stock-based compensation
86
64−25.6%
—
Working capital & other
(1,116)
(134)n/m
—
Cash from investing
(9,118)
(12,537)n/m
—
Capex
(8,215)
(10,612)n/m
—
Other investing
(903)
(1,925)n/m
—
Cash from financing
5,424
9,930+83.1%
—
Debt raised
8,674
11,282+30.1%
—
Debt repaid
(3,339)
(5,220)n/m
—
Dividends
(1,499)
(1,603)n/m
—
Buybacks
(43)
(58)n/m
—
Shares issued
1,219
32−97.4%
—
Other financing
412
5,497+1234.2%
—
Net change in cash
1,200
1,963+63.6%
—
Free cash flow (OCF − capex)
(3,308)
(6,047)n/m
(5,845)
Where the cash went
Operating cash flow
4,907
4,565−7.0%
4,892
Reinvested in the business
8,215
10,612+29.2%
—
% of operating cash flow
167.4%
232.5%
Capex
8,215
10,612+29.2%
10,737
Free cash flow
(3,308)
(6,047)n/m
(5,845)
YoY
n/m
Returned to shareholders
1,542
1,661+7.7%
—
% of free cash flow
—
—
Dividends
1,499
1,603+6.9%
—
Buybacks
43
58+34.9%
—
Change in total debt
—
(2,579)
—
Cash left over
—
(10,287)
—
FCF conversion (FCF ÷ net income)
−115.6%
−329.2%−213.6 pp
—
Owner earnings
—
(5,998)
—
Owner earnings margin
—
−48.3%
—
Buyback yield
0.1%
0.1%+0.0 pp
—
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
2,700
2,756
3,281
3,428
vs year-ago quarter
Net income
473
95
352
1,037
vs year-ago quarter
Net margin
17.5%
3.4%
10.7%
30.3%
EPS (diluted, $)
0.71
0.12
0.54
1.58
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
99,907
106,919
110,878
113,518
Cash & equivalents
183
5
29
794
Total debt
34,936
28,985
28,979
30,847
Shareholders’ equity
31,697
31,152
31,594
32,239
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
784
1,110
1,189
1,809
Capex
2,304
2,561
3,411
2,461
Free cash flow
(1,520)
(1,451)
(2,222)
(652)
vs year-ago quarter