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EQTL3 · B3 · Brazil · Energia Elétrica
In shortEquatorial S.A. is profitable, burns cash and carries heavy debt, with revenue growing (+14.8% last year).
Financial health
Mixed
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. | 15.6% | 69/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.2% | 33/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 6.5% | 32/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.4% | 56/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.49× | 58/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.12× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.16× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.78× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.41 | 8/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -7.9% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -2.46× | 0/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 17.8% | 45/100 |
| Operating margin volatility | 1.8% | 92/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 24.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
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 | 24,241 | 27,133 | 40,985 | 45,367 | 52,074 |
| Cost of revenue | 17,345 | 18,566 | 28,843 | 32,310 | 38,467 |
| Gross profit | 6,895 | 8,567 | 12,143 | 13,057 | 13,607 |
| Selling, general & admin | 1,797 | 2,387 | 3,261 | 3,433 | 3,723 |
| Operating income | 4,987 | 5,277 | 7,647 | 8,636 | 8,137 |
| Interest expense | 3,058 | 6,083 | 8,008 | 9,142 | 10,459 |
| Pre-tax income | 4,169 | 2,693 | 3,035 | 3,896 | 2,455 |
| Income tax | 133 | 771 | 159 | 128 | 422 |
| Net income | 3,695 | 1,374 | 2,076 | 2,812 | 1,678 |
| Diluted EPS | – | – | – | – | BRL1.33 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.41 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 Apr 8, 2026