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CPLE3 · B3 · Brazil · Energia Elétrica
In shortCopel is profitable, generates cash and carries moderate debt, with revenue growing (+15.3% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.3% | 81/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.3% | 61/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.0% | 55/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.6% | 64/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.98× | 15/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.87× | 63/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.59× | 40/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.61× | 1/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.73 | 16/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.8% | 63/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.05× | 94/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 14.7% | 57/100 |
| Operating margin volatility | 3.4% | 78/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.0% | 50/100 |
|---|---|---|
| EPS growth, 3-year average | 32.6% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
BRL millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 23,984 | 21,928 | 21,479 | 22,651 | 26,117 |
| Cost of revenue | 19,120 | 16,928 | 16,581 | 17,760 | 20,455 |
| Gross profit | 4,865 | 4,999 | 4,898 | 4,891 | 5,661 |
| Selling, general & admin | 1,120 | 990 | 1,231 | 962 | 1,010 |
| Operating income | 5,446 | 2,916 | 3,695 | 4,064 | 5,045 |
| Interest expense | 1,259 | 2,999 | 2,274 | 2,342 | 3,142 |
| Pre-tax income | 5,119 | 950 | 2,490 | 2,907 | 3,247 |
| Income tax | 1,260 | 199 | 354 | 599 | 578 |
| Net income | 4,953 | 1,112 | 2,259 | 2,810 | 2,689 |
| Diluted EPS | BRL1.61 | BRL0.39 | BRL0.79 | BRL0.89 | BRL0.91 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.73 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: CVM (dados.cvm.gov.br). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 26, 2026