Aureus
FRed Flag

DBA Sempra(SRE)

F

Financial data as of Dec 31, 2024Declining · Utilities

FCF Margin-25.1%Free Cash Flow / Revenue
Cash Conversion171.5%Operating CF / Net Income
Free Cash Flow-$3.3B
Revenue$13.2B
Net Cash-$34.3BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.55Tight short-term liquidity
YoY FCF Growth-58.9%0 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.55)
→
-1Negative FCF in 4 of last 4 quarters
→
-1Significant YoY FCF decline (-58.9%)
→
-1Only 0 positive quarters recently
→
+0.5Highly consistent quarterly FCF
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (171%)
  • Highly consistent quarterly FCF

Concerns

  • Negative FCF margin (-25.1%)
  • Net debt position ($34.3B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 0 positive FCF quarters recently
  • Significant YoY FCF decline (-58.9%)
  • Significant FCF decline (-58.9% YoY)
Heavy CapEx — Operating cash flow is strong (37% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-25.1%
Net Margin21.7%
Operating CF Margin37.2%
CapEx Ratio62.3%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$34.3BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.55Tight liquidity
Debt / Equity1.18Moderate leverage

Quarterly FCF Trend

-58.9% YoYDeclining (-58.9%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameDBA Sempra
SectorUtilities
Free Cash Flow-$3.3B
Revenue$13.2B
Net Income$2.9B
Operating Cash Flow$4.9B
Capital Expenditure$8.2B
FCF Margin-25.1%
Cash Conversion Rate171.5%
Net Margin21.7%
Total Debt$35.8B
Total Cash$1.6B
Net Cash-$34.3B
Current Ratio0.55
Debt / Equity1.18
Debt / FCFN/A
YoY FCF Growth-58.9%
Positive Quarters0 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeF
Data SourceYahoo Finance

Related Research

All research →
Sector Report5 min read

Utilities: An Entire Sector Failing Cash Flow

Every single utility we analyzed earned an F. The median FCF margin is negative. This isn't a sector, it's a capital incinerator.

Feb 13, 2026
WECSODUKEIX+6