Tearsheet

Centrus Energy (LEU)


Market Price (5/12/2026): $216.44 | Market Cap: $4.3 Bil
Sector: Energy | Industry: Coal & Consumable Fuels

Centrus Energy (LEU)


Market Price (5/12/2026): $216.44
Market Cap: $4.3 Bil
Sector: Energy
Industry: Coal & Consumable Fuels

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%

Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, Datacenter Power, and US Energy Independence. Themes include Advanced Nuclear Energy & Fuel, Show more.

Expensive valuation multiples
P/SPrice/Sales ratio is 9.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 54x, P/EPrice/Earnings or Price/(Net Income) is 70x

Stock price has recently run up significantly
12M Rtn12 month market price return is 128%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9%

Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%

Key risks
LEU key risks include [1] its supply chain dependence on the Russian TENEX contract amid geopolitical tensions and [2] execution challenges in scaling its new domestic HALEU enrichment facility.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
1 Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, Datacenter Power, and US Energy Independence. Themes include Advanced Nuclear Energy & Fuel, Show more.
2 Expensive valuation multiples
P/SPrice/Sales ratio is 9.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 54x, P/EPrice/Earnings or Price/(Net Income) is 70x
3 Stock price has recently run up significantly
12M Rtn12 month market price return is 128%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.1%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9%
7 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21%
8 Key risks
LEU key risks include [1] its supply chain dependence on the Russian TENEX contract amid geopolitical tensions and [2] execution challenges in scaling its new domestic HALEU enrichment facility.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Centrus Energy (LEU) stock has lost about 25% since 1/31/2026 because of the following key factors:

1. Disappointing Q4 2025 Earnings and Flat 2026 Revenue Guidance.

Centrus Energy reported its fourth-quarter and full-year 2025 results on February 10, 2026, failing to meet analysts' expectations for the quarter. The company announced a 3.5% drop in revenue for Q4 2025, and its net income for the full year 2025 slipped by 6.3%. Furthermore, Centrus guided for flat revenue in 2026, which contributed to an immediate stock slump of over 11% on February 12, 2026, and a year-to-date loss of 20% by that point.

2. Significant Decline in Q1 2026 Net Income Due to Higher Expansion Costs.

The company's first-quarter 2026 earnings, reported on May 5, 2026, showed a substantial 63.2% year-over-year decline in net income, falling to $10.0 million. This drop was primarily driven by a $15.9 million increase in advanced technology costs and overall higher costs associated with its capital-intensive expansion plans, including a multi-billion-dollar uranium enrichment plant expansion and a $560 million investment in centrifuge manufacturing. Diluted earnings per share (EPS) for Q1 2026 were $0.45, a significant decrease from $1.60 in Q1 2025.

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Stock Movement Drivers

Fundamental Drivers

The -23.4% change in LEU stock from 1/31/2026 to 5/11/2026 was primarily driven by a -46.5% change in the company's Net Income Margin (%).
(LTM values as of)13120265112026Change
Stock Price ($)278.28213.22-23.4%
Change Contribution By: 
Total Revenues ($ Mil)454452-0.4%
Net Income Margin (%)25.0%13.4%-46.5%
P/E Multiple44.869.655.2%
Shares Outstanding (Mil)1820-7.4%
Cumulative Contribution-23.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/11/2026
ReturnCorrelation
LEU-23.4% 
Market (SPY)3.6%45.7%
Sector (XLE)12.7%-13.2%

Fundamental Drivers

The -42.0% change in LEU stock from 10/31/2025 to 5/11/2026 was primarily driven by a -44.1% change in the company's Net Income Margin (%).
(LTM values as of)103120255112026Change
Stock Price ($)367.46213.22-42.0%
Change Contribution By: 
Total Revenues ($ Mil)4374523.5%
Net Income Margin (%)24.0%13.4%-44.1%
P/E Multiple62.169.612.1%
Shares Outstanding (Mil)1820-10.5%
Cumulative Contribution-42.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/11/2026
ReturnCorrelation
LEU-42.0% 
Market (SPY)5.5%44.9%
Sector (XLE)31.7%-9.6%

Fundamental Drivers

The 207.7% change in LEU stock from 4/30/2025 to 5/11/2026 was primarily driven by a 339.6% change in the company's P/E Multiple.
(LTM values as of)43020255112026Change
Stock Price ($)69.29213.22207.7%
Change Contribution By: 
Total Revenues ($ Mil)4424522.3%
Net Income Margin (%)16.6%13.4%-19.1%
P/E Multiple15.869.6339.6%
Shares Outstanding (Mil)1720-15.4%
Cumulative Contribution207.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/11/2026
ReturnCorrelation
LEU207.7% 
Market (SPY)30.4%33.3%
Sector (XLE)46.6%-5.9%

Fundamental Drivers

The 627.7% change in LEU stock from 4/30/2023 to 5/11/2026 was primarily driven by a 746.3% change in the company's P/E Multiple.
(LTM values as of)43020235112026Change
Stock Price ($)29.30213.22627.7%
Change Contribution By: 
Total Revenues ($ Mil)29445253.9%
Net Income Margin (%)17.8%13.4%-24.6%
P/E Multiple8.269.6746.3%
Shares Outstanding (Mil)1520-25.9%
Cumulative Contribution627.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/11/2026
ReturnCorrelation
LEU627.7% 
Market (SPY)78.7%32.6%
Sector (XLE)48.1%15.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LEU Return116%-35%68%22%264%-15%796%
Peers Return54%5%53%7%86%31%550%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
LEU Win Rate50%33%67%50%67%40% 
Peers Win Rate62%45%67%55%67%52% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
LEU Max Drawdown-15%-63%-16%-35%-18%-31% 
Peers Max Drawdown-12%-22%-17%-23%-32%0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CCJ, BWXT, UEC, NXE, UUUU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)

How Low Can It Go

EventLEUS&P 500
2025 US Tariff Shock
  % Loss-48.7%-18.8%
  % Gain to Breakeven94.7%23.1%
  Time to Breakeven49 days79 days
2024 Yen Carry Trade Unwind
  % Loss-14.2%-7.8%
  % Gain to Breakeven16.6%8.5%
  Time to Breakeven1 days18 days
2023 SVB Regional Banking Crisis
  % Loss-35.2%-6.7%
  % Gain to Breakeven54.4%7.1%
  Time to Breakeven94 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.7%-24.5%
  % Gain to Breakeven182.9%32.4%
  Time to Breakeven119 days427 days
2020 COVID-19 Crash
  % Loss-36.7%-33.7%
  % Gain to Breakeven57.9%50.9%
  Time to Breakeven33 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-44.6%-19.2%
  % Gain to Breakeven80.6%23.7%
  Time to Breakeven31 days105 days

Compare to CCJ, BWXT, UEC, NXE, UUUU

In The Past

Centrus Energy's stock fell -48.7% during the 2025 US Tariff Shock. Such a loss loss requires a 94.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventLEUS&P 500
2025 US Tariff Shock
  % Loss-48.7%-18.8%
  % Gain to Breakeven94.7%23.1%
  Time to Breakeven49 days79 days
2023 SVB Regional Banking Crisis
  % Loss-35.2%-6.7%
  % Gain to Breakeven54.4%7.1%
  Time to Breakeven94 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-64.7%-24.5%
  % Gain to Breakeven182.9%32.4%
  Time to Breakeven119 days427 days
2020 COVID-19 Crash
  % Loss-36.7%-33.7%
  % Gain to Breakeven57.9%50.9%
  Time to Breakeven33 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-44.6%-19.2%
  % Gain to Breakeven80.6%23.7%
  Time to Breakeven31 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-73.4%-12.2%
  % Gain to Breakeven276.0%13.9%
  Time to Breakeven75 days62 days
2014-2016 Oil Price Collapse
  % Loss-97.9%-6.8%
  % Gain to Breakeven4717.3%7.3%
  Time to Breakeven2098 days15 days
2013 Taper Tantrum
  % Loss-64.1%-0.2%
  % Gain to Breakeven178.7%0.2%
  Time to Breakeven14 days1 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-33.7%-15.4%
  % Gain to Breakeven50.8%18.2%
  Time to Breakeven200 days125 days

Compare to CCJ, BWXT, UEC, NXE, UUUU

In The Past

Centrus Energy's stock fell -48.7% during the 2025 US Tariff Shock. Such a loss loss requires a 94.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Centrus Energy (LEU)

Centrus Energy Corp. supplies nuclear fuel and services for the nuclear power industry in the United States, Japan, Belgium, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) component of LEU; SWU and natural uranium components of LEU; and natural uranium for utilities that operate nuclear power plants. The Technical Solutions segment offers technical, manufacturing, engineering, procurement, construction, and operations services to public and private sector customers, including the American Centrifuge engineering and testing activities. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy Corp. was incorporated in 1998 and is headquartered in Bethesda, Maryland.

AI Analysis | Feedback

1. Centrus Energy is like the 'ExxonMobil of nuclear fuel,' refining and supplying the specialized enriched uranium for nuclear power plants.

2. Think of Centrus Energy as the 'Intel inside' for nuclear power plants, providing the critical, specialized enriched uranium fuel and related technical services.

AI Analysis | Feedback

  • Low-Enriched Uranium (LEU): Supplies the essential nuclear fuel, which is a blend of separative work units (SWU) and natural uranium, for power generation.
  • Separative Work Units (SWU): Provides the enrichment service component of nuclear fuel, which measures the effort required to enrich uranium.
  • Natural Uranium: Offers natural uranium, a key raw material, to utilities for their nuclear power operations.
  • Technical & Engineering Services: Delivers comprehensive services including technical, manufacturing, engineering, procurement, construction, and operations support for nuclear-related projects.

AI Analysis | Feedback

Centrus Energy Corp. (LEU) primarily sells its products and services to other companies and public sector entities, not to individuals.

Major Customers:

  • U.S. Department of Energy (DOE): The U.S. Department of Energy is a significant customer for Centrus, particularly within its Technical Solutions segment. This includes contracts for engineering, testing, and production activities related to High-Assay Low-Enriched Uranium (HALEU), as well as other advanced nuclear fuel and technical service initiatives for national security and energy programs.
  • Utilities that Operate Nuclear Power Plants: For its Low-Enriched Uranium (LEU) segment, Centrus supplies separative work units (SWU), LEU components, and natural uranium to electric utilities that operate nuclear power plants. These customers are located in the United States, Japan, Belgium, and internationally. While Centrus publicly states that a substantial portion of its revenue is derived from a concentrated base of a limited number of these utilities, the company does not publicly disclose the specific names of these major utility customers. These customers are generally large energy companies responsible for generating electricity from nuclear power.

AI Analysis | Feedback

Centrus Energy's major supplier is:

  • TENEX

AI Analysis | Feedback

Amir Vexler, President and Chief Executive Officer

Amir Vexler became the President and Chief Executive Officer of Centrus Energy Corp. on January 1, 2024. Prior to joining Centrus, he served as President and Chief Executive Officer of Orano USA since 2021. In this role at Orano USA, he oversaw U.S. sales of nuclear fuel, decommissioning services, used nuclear fuel management, medical isotopes, and engineering and technology services for the federal government.

Kevin J. Harrill, Senior Vice President, CFO, Treasurer, Controller & Chief Accounting Officer

Kevin J. Harrill is the Senior Vice President, Chief Financial Officer, Treasurer, Controller & Chief Accounting Officer at Centrus Energy Corp. He is scheduled to host investor meetings as CFO in September 2024. Detailed background on previous companies founded, sold, or managed with private equity backing is not readily available in the provided search results.

Patrick Brown, Senior Vice President, Field Operations, and President, American Centrifuge Operating, LLC

Patrick Brown serves as the Senior Vice President of Field Operations and President of American Centrifuge Operating, LLC for Centrus Energy Corp. He is also listed as a contact for Centrus Energy Corp. in Oak Ridge, TN.

John M.A. Donelson, Senior Vice President & Chief Marketing Officer

John M.A. Donelson is the Senior Vice President & Chief Marketing Officer at Centrus Energy Corp. Detailed background information for Mr. Donelson is not readily available in the provided search results.

Richard Emery, Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary

Richard Emery holds the titles of Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary at Centrus Energy Corp. Detailed background information for Mr. Emery is not readily available in the provided search results.

AI Analysis | Feedback

The key risks to Centrus Energy's business include its reliance on Russian nuclear fuel supplies, uncertainties surrounding its High-Assay Low-Enriched Uranium (HALEU) production and market expansion, and intense market competition coupled with price volatility.

The most significant risk stems from Centrus Energy's dependence on foreign suppliers, particularly Russia's TENEX, for Low-Enriched Uranium (LEU). The ongoing war in Ukraine, coupled with international sanctions and Russian government decrees, poses substantial threats to the continuity of LEU supply. These geopolitical events could disrupt Centrus's ability to meet its customer obligations and procure nuclear materials, potentially leading to a material adverse effect on its operations and competitive standing.

Another key risk involves the expansion of its HALEU production and the associated market dynamics. While Centrus is the only U.S. company licensed to produce HALEU and has significant contracts with the U.S. Department of Energy (DOE), there are inherent challenges. These include potential delays in production expansion, the need for continued public and private funding, and the risk that the market could become oversupplied due to the entry of other competitors. A substantial portion of Centrus's LEU sales backlog is contingent upon future capacity expansion and funding milestones, introducing further uncertainty.

Finally, Centrus Energy operates in a highly competitive market with major LEU producers, some of whom may be less cost-sensitive. The company is also exposed to market risks from fluctuations in commodity prices for separative work units (SWU) and uranium. This competitive landscape and price volatility could pressure Centrus's pricing, demand, market share, and overall profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

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Centrus Energy Corp. (symbol: LEU) operates in key segments of the nuclear power industry, including Low-Enriched Uranium (LEU) and Technical Solutions. The addressable markets for these products and services are substantial globally and in specific regions.

Low-Enriched Uranium (LEU) Segment

  • Uranium Enrichment (including LEU and Separative Work Units - SWU): The global uranium enrichment market, which encompasses LEU and SWU, was estimated at approximately USD 14.24 billion in 2025 and is projected to reach USD 22.16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.25%. The Low Enriched Uranium (LEU) segment itself garnered USD 6.38 billion in revenue in 2023 globally and held about 71% of the uranium enrichment market in 2025, corresponding to approximately USD 10.3 billion. In the U.S., the uranium enrichment market was valued at USD 3.12 billion in 2025 and is expected to grow to USD 6.40 billion by 2032.
  • Natural Uranium: The global nuclear fuel market, largely dominated by uranium fuel, is valued at US$34.5 billion in 2025 and is forecasted to grow to US$43.9 billion by 2032, with a CAGR of 3.5%. Another estimate places the global uranium market size at USD 16.16 billion in 2025, growing to USD 21.78 billion by 2033. North America held a 55% share of the uranium market in 2023.

Technical Solutions Segment

The Technical Solutions segment, encompassing services such as technical, manufacturing, engineering, procurement, construction, and operations for the nuclear power industry, addresses several significant global markets:

  • Nuclear Plant Services: The global nuclear plant services market was valued at over USD 74.38 billion in 2025 and is projected to exceed USD 122.32 billion by 2035, growing at a CAGR of over 5.1%. Another report estimates this market to grow from USD 74.66 billion in 2025 to USD 138.71 billion by 2032.
  • Nuclear Engineering Services: The global nuclear engineering service market is projected to grow from USD 33,208.0 million (approximately USD 33.21 billion) in 2025 to USD 64,115.0 million (approximately USD 64.12 billion) by 2035, at a CAGR of 6.8%.
  • Nuclear Reactor Construction: The global nuclear reactor construction market was valued at USD 54.2 billion in 2025 and is poised to grow to USD 62.51 billion by 2033, at a CAGR of 1.8%.
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AI Analysis | Feedback

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Centrus Energy (LEU) is expected to experience significant revenue growth over the next two to three years, driven by several key factors in the evolving nuclear fuel industry:

  1. Expansion and Commercialization of High-Assay Low-Enriched Uranium (HALEU) Production: Centrus Energy is at the forefront of establishing a domestic U.S. supply of HALEU, a critical advanced nuclear fuel needed for next-generation reactors. The company has successfully completed phases of its HALEU production contract with the U.S. Department of Energy (DOE) and has secured contract extensions through June 2026, with options for up to eight additional years. Centrus was also selected for a substantial $900 million HALEU production award from the DOE, with potential for further expansion. This initiative is expected to scale up with a planned multi-billion-dollar investment to significantly increase HALEU production capacity, contingent on securing appropriate funding.

  2. Increased Demand and Favorable Pricing in the Low-Enriched Uranium (LEU) Market: The LEU segment remains Centrus Energy's primary revenue driver. The company has observed a sharp rise in the LEU pricing curve, indicating a clear need for additional enrichment capacity due to growing global electrification demands. Centrus has reported significant increases in separative work unit (SWU) prices and volumes, contributing to substantial revenue growth in this segment.

  3. Strategic U.S. Government Contracts and Domestic Supply Chain Security: The U.S. government is actively working to reduce reliance on foreign nuclear fuel sources, particularly from Russia, creating a strong impetus for domestic production. Centrus is leveraging its unique position as the only company enriching uranium with U.S.-owned technology to secure significant government contracts for both HALEU and LEU. Recent waivers from the DOE allowing LEU imports for committed U.S. deliveries in 2026 and 2027 also help de-risk a portion of its LEU business.

  4. Substantial and Growing Revenue Backlog: Centrus Energy boasts a considerable total revenue backlog, which stood at approximately $3.8 billion as of December 31, 2025, extending through 2040. This backlog, with the LEU segment accounting for the largest share, provides strong visibility and a stable foundation for future revenue generation over the next several years. The company is also actively working to remove contingencies from its contingent LEU backlog, further solidifying future earnings.

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AI Analysis | Feedback

Share Issuance

  • Centrus established an at-the-market (ATM) equity offering program in November 2025, allowing for the sale of up to $1 billion of its Class A common stock, with proceeds intended for general working capital, technology development, debt repayment, capital expenditures, and potential acquisitions.
  • In fiscal year 2025, Centrus raised $523.7 million from the issuance of Class A Common Stock under ATM offerings.
  • The company issued $805 million in 0% Convertible Senior Notes due 2032 and $402.5 million in 2.25% Convertible Senior Notes due 2030 in November 2024 and August 2025, respectively, to fund general corporate purposes, technology development, and potential acquisitions.

Inbound Investments

  • In 2025, Centrus was selected by the U.S. Department of Energy (DOE) for a $900 million High-Assay Low-Enriched Uranium (HALEU) production award, subject to negotiation.
  • In August 2025, the company announced a proposed partnership with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential foreign direct investment in new enrichment capacity in Ohio.
  • Centrus received a $62.4 million IRS clean energy tax credit allocation in 2024.

Capital Expenditures

  • Centrus announced a $60 million investment in 2024 for centrifuge manufacturing at its Oak Ridge, Tennessee, facility to restart and expand manufacturing readiness.
  • For the full year 2026, Centrus expects total capital deployment to be in the range of $350 million to $500 million, primarily driven by increased investment in its industrial build-out related to centrifuge manufacturing.
  • Reported capital expenditures were $1.6 million in 2023, $4.1 million in 2024, and $19.7 million in 2025.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LEUCCJBWXTUECNXEUUUUMedian
NameCentrus .Cameco BWX Tech.Uranium .NexGen E.Energy F. 
Mkt Price213.22120.14210.8016.4712.6622.0471.09
Mkt Cap4.252.319.38.08.45.38.2
Rev LTM4523,5383,37620085269
Op Inc LTM30617334-110-98-90-30
FCF LTM-61922328-122-295-117-89
FCF 3Y Avg8672285-79-207-84-35
CFO LTM-211,276522-117-57-62-39
CFO 3Y Avg24921453-75-42-46-9

Growth & Margins

LEUCCJBWXTUECNXEUUUUMedian
NameCentrus .Cameco BWX Tech.Uranium .NexGen E.Energy F. 
Rev Chg LTM-4.1%7.5%21.4%-69.8%-22.0%7.5%
Rev Chg 3Y Avg15.3%18.3%14.3%-35.2%-43.6%15.3%
Rev Chg Q4.9%7.1%26.1%-59.4%-112.1%7.1%
QoQ Delta Rev Chg LTM0.8%1.6%5.6%-59.4%-28.7%1.6%
Op Inc Chg LTM-61.4%4.5%2.9%-117.9%-27.5%-35.3%-31.4%
Op Inc Chg 3Y Avg7.1%98.9%1.6%-295.1%-18.7%-47.1%-8.6%
Op Mgn LTM6.7%17.4%9.9%-543.0%--105.5%6.7%
Op Mgn 3Y Avg11.6%16.0%11.7%-219.1%--89.7%11.6%
QoQ Delta Op Mgn LTM-4.4%-1.0%-0.2%-362.3%-48.0%-1.0%
CFO/Rev LTM-4.6%36.1%15.5%-577.4%--73.4%-4.6%
CFO/Rev 3Y Avg6.0%28.7%15.7%-250.1%--61.8%6.0%
FCF/Rev LTM-13.6%26.1%9.7%-603.2%--138.3%-13.6%
FCF/Rev 3Y Avg2.4%20.9%9.9%-262.0%--119.6%2.4%

Valuation

LEUCCJBWXTUECNXEUUUUMedian
NameCentrus .Cameco BWX Tech.Uranium .NexGen E.Energy F. 
Mkt Cap4.252.319.38.08.45.38.2
P/S9.314.85.7394.7-62.714.8
P/Op Inc138.284.857.8-72.7-85.2-59.5-0.8
P/EBIT54.256.342.5-99.4-22.9-59.59.8
P/E69.680.456.1-97.8-20.2-75.918.0
P/CFO-204.741.037.0-68.4-147.1-85.4-76.9
Total Yield1.4%1.2%2.3%-1.0%-5.0%-1.3%0.1%
Dividend Yield0.0%0.0%0.5%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg2.5%2.7%2.5%-2.2%-4.6%-6.4%0.2%
D/E0.30.00.10.00.10.10.1
Net D/E-0.2-0.00.1-0.1-0.0-0.0-0.0

Returns

LEUCCJBWXTUECNXEUUUUMedian
NameCentrus .Cameco BWX Tech.Uranium .NexGen E.Energy F. 
1M Rtn13.9%3.5%-8.2%21.7%11.2%19.8%12.5%
3M Rtn-22.8%-0.4%4.0%-3.7%8.4%-4.6%-2.1%
6M Rtn-26.5%27.8%6.3%27.3%43.2%33.7%27.6%
12M Rtn127.8%137.5%95.8%188.9%120.9%363.0%132.6%
3Y Rtn594.3%336.4%225.6%521.5%208.0%263.1%299.8%
1M Excs Rtn5.1%-5.2%-16.9%13.0%2.4%11.0%3.8%
3M Excs Rtn-29.2%-6.9%-2.4%-10.1%2.0%-11.0%-8.5%
6M Excs Rtn-33.5%23.2%-1.3%24.5%45.4%35.5%23.8%
12M Excs Rtn110.2%113.8%65.7%164.3%97.2%332.1%112.0%
3Y Excs Rtn582.3%272.0%155.6%473.6%156.0%205.5%238.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Low-Enriched Uranium (LEU) segment356274236186190
Technical Solutions segment92515811257
Elimination of intersegment revenue-6-50  
Total442320294298247


Price Behavior

Price Behavior
Market Price$213.22 
Market Cap ($ Bil)4.0 
First Trading Date07/23/1998 
Distance from 52W High-51.1% 
   50 Days200 Days
DMA Price$199.04$251.45
DMA Trendindeterminatedown
Distance from DMA7.1%-15.2%
 3M1YR
Volatility91.0%93.1%
Downside Capture2.291.68
Upside Capture261.41335.38
Correlation (SPY)38.5%32.6%
LEU Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.422.162.672.962.481.80
Up Beta2.312.202.211.751.611.37
Down Beta10.361.19-0.651.841.761.65
Up Capture227%261%331%457%1268%4290%
Bmk +ve Days15223166141428
Stock +ve Days15253562130377
Down Capture86%218%345%267%184%112%
Bmk -ve Days4183056108321
Stock -ve Days7182963121373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LEU
LEU132.4%93.0%1.33-
Sector ETF (XLE)44.8%20.2%1.72-7.8%
Equity (SPY)28.1%12.5%1.7833.7%
Gold (GLD)42.9%26.9%1.3022.8%
Commodities (DBC)48.6%18.0%2.144.5%
Real Estate (VNQ)13.6%13.5%0.709.8%
Bitcoin (BTCUSD)-22.4%41.7%-0.5029.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LEU
LEU52.9%85.9%0.88-
Sector ETF (XLE)22.1%26.1%0.7628.0%
Equity (SPY)12.9%17.1%0.5940.1%
Gold (GLD)21.2%17.9%0.9615.6%
Commodities (DBC)13.5%19.1%0.5818.7%
Real Estate (VNQ)3.6%18.8%0.0924.2%
Bitcoin (BTCUSD)8.5%56.0%0.3625.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LEU
LEU51.2%82.4%0.88-
Sector ETF (XLE)9.8%29.5%0.3720.6%
Equity (SPY)15.0%17.9%0.7227.4%
Gold (GLD)13.4%15.9%0.7010.2%
Commodities (DBC)9.5%17.7%0.4516.3%
Real Estate (VNQ)5.6%20.7%0.2418.5%
Bitcoin (BTCUSD)68.1%66.9%1.0716.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity4.1 Mil
Short Interest: % Change Since 4152026-3.7%
Average Daily Volume1.0 Mil
Days-to-Cover Short Interest4.0 days
Basic Shares Quantity19.8 Mil
Short % of Basic Shares21.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/202612.3%  
2/10/2026-20.7%-22.0%-18.9%
11/5/2025-14.7%-15.4%-17.6%
8/5/20258.7%1.7%-6.9%
5/7/202522.0%33.7%97.4%
2/6/202533.1%44.0%-9.5%
10/28/202411.8%-16.9%-13.2%
8/6/202417.5%4.7%3.4%
...
SUMMARY STATS   
# Positive1288
# Negative101313
Median Positive14.4%14.5%37.9%
Median Negative-11.1%-4.1%-17.6%
Max Positive33.1%44.0%108.8%
Max Negative-31.4%-22.4%-42.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/11/202610-K
09/30/202511/06/202510-Q
06/30/202508/06/202510-Q
03/31/202505/08/202510-Q
12/31/202402/07/202510-K
09/30/202410/29/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/09/202410-K
09/30/202311/08/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202202/22/202310-K
09/30/202211/09/202210-Q
06/30/202208/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue450.00 Mil475.00 Mil500.00 Mil5.6% RaisedGuidance: 450.00 Mil for 2026
2026 Capital Deployment350.00 Mil425.00 Mil500.00 Mil0 AffirmedGuidance: 425.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/10/2026

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Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Tinelli, Todd MSVP, CFO & TreasurerDirectSell5112026203.55306  Form
2Harrill, Kevin JCFO & TreasurerDirectSell6022025126.001,728  Form
3Donelson, John M ASVP, Sales & Chief Mktg OffDirectSell515202596.313,732  Form