Centrais Elétricas Brasileiras S.A. - Eletrobrás
NYSE: EBR-B · UTILITIES · UTILITIES - RENEWABLE
Updated 2026-06-05
Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR-B) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.98B | $23.31B | $30.23B | $27.65B | $27.42B | $29.53B | $34.06B | $23.84B | $30.24B | $32.59B | $60.75B | $37.88B | $24.98B | $29.04B | $25.40B | $34.63B | $34.07B | $37.16B | $40.18B |
| Revenue growth (YoY) | — | +6.0% | +29.7% | -8.5% | -0.8% | +7.7% | +15.3% | -30.0% | +26.9% | +7.8% | +86.4% | -37.7% | -34.1% | +16.3% | -12.5% | +36.3% | -1.6% | +9.1% | +8.1% |
| Cost of revenue | $4.34B | $11.89B | $8.22B | $8.14B | $14.90B | $5.29B | $12.07B | $12.12B | $16.33B | $16.99B | $16.21B | $15.37B | $5.54B | $6.78B | $3.31B | $4.17B | $4.83B | $5.52B | $5.95B |
| Gross profit | $17.64B | $11.42B | $22.01B | $19.52B | $12.52B | $24.25B | $21.99B | $11.72B | $13.92B | $15.60B | $44.54B | $22.50B | $19.44B | $22.26B | $22.09B | $30.46B | $29.24B | $31.63B | $34.23B |
| Gross margin | 80.3% | 49.0% | 72.8% | 70.6% | 45.7% | 82.1% | 64.6% | 49.2% | 46.0% | 47.9% | 73.3% | 59.4% | 77.8% | 76.7% | 87.0% | 88.0% | 85.8% | 85.1% | 85.2% |
| R&D | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $223.01M | $214.09M | $0.00 | — | — | — | — | — |
| SG&A | $6.55B | — | $7.77B | $10.06B | $10.06B | $14.22B | $10.09B | $9.65B | $8.87B | $9.84B | $10.73B | $10.93B | $7.80B | $8.28B | $4.19B | $4.34B | $5.89B | $4.78B | $3.98B |
| Operating income | $6.38B | $3.26B | $6.22B | $4.65B | $4.41B | $4.14B | $1.67B | $-5.37B | $-739.77M | $-13.08B | $14.84B | $3.83B | $13.94B | $8.60B | $6.21B | $9.78B | $5.16B | $11.02B | $19.61B |
| Operating margin | 29.0% | 14.0% | 20.6% | 16.8% | 16.1% | 14.0% | 4.9% | -22.5% | -2.4% | -40.1% | 24.4% | 10.1% | 55.8% | 29.6% | 24.4% | 28.3% | 15.2% | 29.6% | 48.8% |
| EBITDA | $10.82B | $5.56B | $15.21B | $3.28B | $6.98B | $8.32B | $-4.51B | $-583.70M | $6.16B | $-5.26B | $18.53B | $6.35B | $19.58B | $12.61B | $10.75B | $15.31B | $10.74B | $11.81B | $20.73B |
| EBITDA margin | 49.2% | 23.9% | 50.3% | 11.8% | 25.5% | 28.2% | -13.2% | -2.4% | 20.4% | -16.1% | 30.5% | 16.8% | 78.4% | 43.4% | 42.3% | 44.2% | 31.5% | 31.8% | 51.6% |
| EBIT | $7.45B | $3.53B | $11.48B | $877.91M | $5.39B | $6.60B | $-6.28B | $-2.08B | $4.38B | $-7.10B | $16.69B | $4.82B | $17.88B | $10.81B | $9.50B | $13.86B | $8.05B | $8.19B | $16.74B |
| Interest expense | $2.30B | $2.10B | $2.08B | $1.69B | $1.68B | $4.03B | $412.15M | $379.77M | $3.45B | $273.39M | $303.38M | $320.06M | $308.77M | $1.27B | $810.93M | $2.80B | $4.71B | $6.46B | $6.12B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.03B | $1.71B | $8.57B | $170.53M | $2.25B | $3.73B | $-6.88B | $-6.29B | $-3.03B | $-14.44B | $3.43B | $-1.76B | $13.14B | $11.20B | $6.39B | $5.65B | $3.64B | $4.55B | $10.38B |
| Net income growth (YoY) | — | +66.8% | +400.4% | -98.0% | +1218.2% | +66.0% | -284.3% | +8.6% | +51.8% | -376.5% | +123.7% | -151.5% | +845.2% | -14.8% | -42.9% | -11.6% | -35.6% | +25.2% | +128.1% |
| Profit margin | 4.7% | 7.3% | 28.3% | 0.6% | 8.2% | 12.6% | -20.2% | -26.4% | -10.0% | -44.3% | 5.6% | -4.7% | 52.6% | 38.5% | 25.1% | 16.3% | 10.7% | 12.2% | 25.8% |
Frequently asked questions
What is Centrais Elétricas Brasileiras S.A. - Eletrobrás's revenue?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's trailing twelve-month revenue is $42.64B, and consensus projects about $54.10B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is EBR-B?
In its most recent fiscal year, EBR-B ran a gross margin of 85.20%, an operating margin of 48.80%, and a net margin of 25.83%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does EBR-B generate?
EBR-B produced $9.29B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is EBR-B's balance sheet healthy?
EBR-B holds $26.57B in cash and equivalents against $62.81B in long-term debt, on $121.86B of shareholder equity. That debt is best read against the cash flow the business throws off each year.