Tearsheet

Centrus Energy (LEU)


Market Price (11/6/2025): $271.29 | Market Cap: $4.8 Bil
Sector: Energy | Industry: Coal & Consumable Fuels

Centrus Energy (LEU)


Market Price (11/6/2025): $271.29
Market Cap: $4.8 Bil
Sector: Energy
Industry: Coal & Consumable Fuels

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
  Expensive valuation multiples
P/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 51x, P/EPrice/Earnings or Price/(Net Income) is 55x
1   Stock price has recently run up significantly
6M Rtn6 month market price return is 349%, 12M Rtn12 month market price return is 330%
2   Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -18%
3   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 195%
4   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 -2.6%
5   High stock price volatility
Vol 12M is 102%
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
1 Expensive valuation multiples
P/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 51x, P/EPrice/Earnings or Price/(Net Income) is 55x
2 Stock price has recently run up significantly
6M Rtn6 month market price return is 349%, 12M Rtn12 month market price return is 330%
3 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -18%
4 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 195%
5 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 -2.6%
6 High stock price volatility
Vol 12M is 102%

Market Valuation & Key Metrics

LEU Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LEU Return236%116%-35%68%22%389%4634%
Peers Return63%62%-2%813%3%119%5280%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
LEU Win Rate67%50%33%67%50%80% 
Peers Win Rate42%48%37%65%48%72% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
LEU Max Drawdown-38%-15%-63%-16%-35%-18% 
Peers Max Drawdown-51%-11%-25%-15%-27%-31% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: EU, NC, CCJ, LEU, UEC.
[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] 2025 data is for the year up to 11/5/2025 (YTD)

How Low Can It Go

Unique KeyEventLEUS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-78.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven359.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven890 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-55.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven125.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven75 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-83.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven518.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven525 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-88.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven747.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to EU, NC, CCJ, LEU, UEC


In The Past

Centrus Energy's stock fell -78.2% during the 2022 Inflation Shock from a high on 11/12/2021. A -78.2% loss requires a 359.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Centrus Energy (LEU)

Better Bets than Centrus Energy (LEU)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to LEU. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.9%1.9%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.1%0.1%-1.4%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.4%23.4%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.7%-5.7%-5.7%
SLB_10102025_Dip_Buyer_FCFYield10102025SLBSLBDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
15.2%15.2%0.0%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
61.5%61.5%-1.3%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.9%1.9%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.1%0.1%-1.4%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.4%23.4%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.7%-5.7%-5.7%
SLB_10102025_Dip_Buyer_FCFYield10102025SLBSLBDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
15.2%15.2%0.0%
LEU_8312025_Quality_Momentum_RoomToRun_10%08312025LEUCentrus EnergyQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
61.5%61.5%-1.3%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Centrus Energy

Financials

LEUEUNCCCJUECMedian
NameCentrus .enCore E.NACCO In.Cameco Uranium . 
Mkt Price325.732.6643.4295.2413.0743.42
Mkt Cap5.80.50.341.55.85.8
Rev LTM437452663,46467266
Op Inc LTM92-90-45646-73-45
FCF LTM107-55-19973-70-19
FCF 3Y Avg67-52-9593-36-9
CFO LTM114-23251,261-6425
CFO 3Y Avg71-3234801-3334

Growth & Margins

LEUEUNCCCJUECMedian
NameCentrus .enCore E.NACCO In.Cameco Uranium . 
Rev Chg LTM12.7%-23.1%27.3%23.9%29,737.9%23.9%
Rev Chg 3Y Avg11.8%-8.2%24.2%10,082.6%18.0%
Rev Chg Q-18.3%-31.1%30.4%-14.7%--16.5%
QoQ Delta Rev Chg LTM-7.3%-3.6%6.4%-3.0%0.0%-3.0%
Op Mgn LTM21.0%-202.9%-17.0%18.6%-109.9%-17.0%
Op Mgn 3Y Avg15.0%-357.2%-17.6%13.3%-8,450.6%-17.6%
QoQ Delta Op Mgn LTM4.2%0.7%0.1%0.3%-20.6%0.3%
CFO/Rev LTM26.1%-51.0%9.5%36.4%-96.4%9.5%
CFO/Rev 3Y Avg18.7%133.4%14.3%27.3%-15,863.7%18.7%
FCF/Rev LTM24.4%-122.7%-7.2%28.1%-105.0%-7.2%
FCF/Rev 3Y Avg17.7%10.3%-4.2%20.1%-16,376.8%10.3%

Valuation

LEUEUNCCCJUECMedian
NameCentrus .enCore E.NACCO In.Cameco Uranium . 
Mkt Cap5.80.50.341.55.85.8
P/S13.211.21.212.087.212.0
P/EBIT46.9-5.49.053.2-65.59.0
P/E55.0-6.310.378.8-66.510.3
P/CFO50.6-21.912.832.9-90.412.8
Total Yield1.8%-15.8%11.8%1.3%-1.5%1.3%
Dividend Yield0.0%0.0%2.1%0.0%0.0%0.0%
FCF Yield 3Y Avg7.4%-7.2%-4.1%2.3%-0.4%-0.4%
D/E0.10.00.30.00.00.0
Net D/E-0.1-0.10.20.0-0.0-0.0

Returns

LEUEUNCCCJUECMedian
NameCentrus .enCore E.NACCO In.Cameco Uranium . 
1M Rtn-8.6%-21.1%8.1%11.6%0.2%0.2%
3M Rtn40.2%-4.0%14.4%24.4%33.9%24.4%
6M Rtn349.3%66.3%31.5%91.5%126.5%91.5%
12M Rtn330.1%-25.1%42.0%86.2%83.6%83.6%
3Y Rtn648.8%2,568.0%-14.7%321.0%239.5%321.0%
1M Excs Rtn-13.2%-23.9%4.8%9.0%-4.7%-4.7%
3M Excs Rtn31.4%-8.3%11.6%17.5%25.5%17.5%
6M Excs Rtn328.6%45.6%10.8%70.8%105.8%70.8%
12M Excs Rtn178.8%-48.6%28.3%63.1%60.7%60.7%
3Y Excs Rtn513.0%2,492.5%-92.4%229.1%134.9%229.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Low-Enriched Uranium (LEU) segment274236186190169
Technical Solutions segment51581125740
Elimination of intersegment revenue-500  
Total320294298247210


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity4,273,120
Short Interest: % Change Since 93020255.7%
Average Daily Volume1,438,027
Days-to-Cover Short Interest2.97
Basic Shares Quantity17,703,000
Short % of Basic Shares24.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
5/7/2024-4.9%-2.4%6.0%
2/8/2024-1.8%-2.3%-15.4%
11/7/2023-10.9%-2.4%-8.7%
...
SUMMARY STATS   
# Positive13910
# Negative91312
Median Positive14.9%8.2%22.6%
Median Negative-6.3%-4.1%-16.1%
Max Positive33.1%44.0%108.8%
Max Negative-31.4%-22.4%-42.7%

SEC Filings

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Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024207202510-K 12/31/2024
93020241029202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023209202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021311202210-K 12/31/2021
93020211112202110-Q 9/30/2021

Insider Activity

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