CENTRUS ENERGY CORP
LEU · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 13.7M shares · +11%/yr ↑ shares · EDGAR filings ↗
Reference price $203.55 · est. market cap ~$2.8B — last insider sale, 2026-05-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Strategically vital domestic enrichment/HALEU supplier with strong margins and cash, but real binary supply/funding risk.
Strengths
- Net margin 81st pct, gross margin 70th pct, ~$2B cash (100th pct), current ratio 87th pct
- Unique U.S. HALEU enrichment position with government backing and surging SWU prices
Risks
- Heavy reliance on the Russian TENEX supply contract amid sanctions risk
- Leverage (debt/equity 91st pct) and expansion dependent on uncertain public/private funding
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +11%/yr over 4y (dilution)
- Revenue declineRevenue -47.5% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
26.2%
Operating margin
11.2%
Net margin
17.3%
Return on equity
10.2%
Return on assets
3.2%
ROIC
2.0%
Revenue growth (QoQ)
-47.5%
Net-income growth
6.3%
Debt / equity
1.5×
Net debt / EBITDA
-13.0×
Current ratio
5.6×
Free cash flow
$31M
EBITDA
$60M
Tangible book value
$744M
Cash & investments
$2.0B
Stock comp / revenue
1.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Williams Mikel H | Grant | 757 | — |
| 2026-06-18 | Rothrock Ray A. | Grant | 757 | — |
| 2026-06-18 | Madia William J | Grant | 757 | — |
| 2026-06-18 | Jonas Tina W | Grant | 757 | — |
| 2026-06-18 | DONALD KIRKLAND H | Grant | 757 | — |
| 2026-05-11 | TINELLI TODD M | Sell | 306 | $203.55 |
| 2026-04-21 | BROWN PATRICK SIDNEY | Grant | 1.6K | — |
| 2026-04-21 | BROWN PATRICK SIDNEY | Tax withheld | 389 | $191.55 |
| 2026-03-15 | Donelson John M A | Grant | 2.8K | — |
| 2026-03-15 | Donelson John M A | Tax withheld | 836 | $209.64 |
| 2025-12-04 | VEXLER AMIR VADIM | Option exercise | 4.0K | — |
| 2025-12-04 | VEXLER AMIR VADIM | Tax withheld | 1.8K | $278.63 |
| 2025-08-11 | TINELLI TODD M | Grant | 456 | — |
| 2025-08-11 | TINELLI TODD M | Tax withheld | 150 | $219.10 |
| 2025-06-20 | Rothrock Ray A. | Grant | 684 | — |
| 2025-06-20 | Rothrock Ray A. | Tax withheld | 1.6K | — |
| 2025-06-20 | DONALD KIRKLAND H | Grant | 684 | — |
| 2025-06-20 | DONALD KIRKLAND H | Tax withheld | 1.3K | — |
| 2025-06-20 | Madia William J | Grant | 684 | — |
| 2025-06-20 | Madia William J | Tax withheld | 1.6K | — |
| 2025-06-20 | SAWATZKE BRADLEY J | Tax withheld | 2.7K | — |
| 2025-06-20 | Williams Mikel H | Grant | 684 | — |
| 2025-06-20 | Williams Mikel H | Tax withheld | 1.7K | — |
| 2025-06-20 | O'Sullivan Stephanie L. | Grant | 684 | — |
| 2025-06-20 | O'Sullivan Stephanie L. | Tax withheld | 1.2K | — |
| 2025-06-20 | Jonas Tina W | Grant | 684 | — |
| 2025-06-20 | Jonas Tina W | Tax withheld | 1.3K | — |
| 2025-05-30 | HARRILL KEVIN J | Sell | 1.7K | $126.00 |
| 2025-05-13 | Donelson John M A | Sell | 3.7K | $96.31 |
| 2025-03-31 | CUTLIP LARRY B | Grant | 3.2K | — |
| 2025-03-31 | CUTLIP LARRY B | Tax withheld | 1.2K | $62.21 |
| 2025-03-31 | Donelson John M A | Grant | 3.5K | — |
| 2025-03-31 | Donelson John M A | Tax withheld | 1.6K | $62.21 |
| 2025-03-31 | HARRILL KEVIN J | Grant | 2.5K | — |
| 2025-03-31 | HARRILL KEVIN J | Tax withheld | 745 | $62.21 |
| 2025-02-12 | CUTLIP LARRY B | Sell | 4.0K | $120.31 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- U.S. Department of Energy (DOE)
Suppliers (4)
- TENEX
- Orano
- Rosatom
- U.S. Department of Energy (DOE)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | OtherExhibits | filing ↗ |
| 2026-06-18 | Material agreement3.03Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-04-20 | Material agreementExhibits | filing ↗ |
| 2026-03-16 | 5.03Exhibits | filing ↗ |
| 2026-02-11 | Material agreementExhibits | filing ↗ |
| 2026-02-10 | ResultsExhibits | filing ↗ |
| 2026-01-23 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001628280-26-044360 ↗ |
| 8-K | 2026-06-18 | 2026-06-18 | 0001628280-26-044386 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001628280-26-030891 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030674 ↗ |
| 8-K | 2026-04-20 | 2026-04-16 | 0001628280-26-025916 ↗ |
| 8-K | 2026-03-16 | 2026-03-10 | 0001628280-26-017957 ↗ |
| 10-K | 2026-02-11 | 2025-12-31 | 0001628280-26-007117 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001628280-26-007110 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001628280-26-006909 ↗ |
| 8-K | 2026-01-23 | 2026-01-23 | 0001628280-26-003245 ↗ |
| 8-K | 2025-12-19 | 2025-12-19 | 0001628280-25-058088 ↗ |
| 8-K | 2025-12-01 | 2025-12-01 | 0001628280-25-054290 ↗ |