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UK energy supplier and services group, owning British Gas, providing gas/electricity supply, home services and energy trading.
UK energy supplier and services group, owning British Gas, providing gas/electricity supply, home services and energy trading.
Sells gas and electricity to UK households under regulated price-cap tariffs and to businesses on contracts, at thin margins, while services such as boiler cover and repair provide steadier income. A minority stake in the UK nuclear fleet and its gas trading and storage operations add income from wholesale energy.
In one line: A UK utility retailer, like a smaller NRG Energy.
Moat: narrow (brand, installed base, scale). British Gas brand recognition and a large existing customer base help retention, but energy retail margins are thin and regulated.
Headquarters: Windsor, UK · Founded: 1997 · Employees: 20,573
Size Centrica (CNA.L) is a United Kingdom Utilities company (Gas Distributors) with a market value of $9.23B, the 56th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £151.50 on 6 Nov 2026.
Performance Over six months the shares fell 25.5%, against +2.3% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +2.0%); the operating margin is 23.2% (peer median 16.3%).
Valuation It trades at 13.1× forward earnings against a peer median of 16.6× (8th cheapest of 21).
Capital Return on invested capital runs 91.1 points above its cost of capital (7.7% WACC).
Credit Centrica has 4 bonds outstanding ($2.55B), rated BBB by the agencies and trading like A at a weighted spread of 99 bp.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £19.5B | £19.5B | £19.9B | £26.5B | £23.7B |
| Revenue growth | — | -2% | -25% | +11% | — |
| Gross profit | £6.79B | £7.38B | £8.13B | £14.8B | £8.60B |
| EBITDA | £4.83B | £5.54B | £6.13B | £13.7B | £9.06B |
| Net income | £711M | -£72.0M | £1.33B | £3.93B | -£782M |
| Free cash flow | -£115M | £322M | £1.12B | £2.62B | £877M |
| Capital expenditure | £600M | £554M | £416M | £335M | £371M |
| Total debt | n/a | £2.81B | £3.47B | £4.05B | £3.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Centrica CNA.L | $9.23B | -25% | 0% | 23% | 13.1× | n/a |
| Sse SSE.L | $43.2B | +7% | +1% | 19% | 14.2× | n/a |
| Iberdrola IBE.MC | $168B | +16% | +1% | 21% | 21.9× | 11.4% |
| Drax DRX.L | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CNA.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +5.1% | 8th lowest of 21 |
| 6-month return | -25.5% | +2.3% | lowest of 21 |
| Distance from 52-week high | -31.2% | -10.8% | lowest of 21 |
| Revenue growth (TTM) | +0.3% | +2.0% | 7th lowest of 21 |
| Operating margin | 23.2% | 16.3% | 7th highest of 20 |
| Forward P/E | 13.1× | 16.6× | 8th cheapest of 21 |
| ROIC minus cost of capital | +91.1 pp | -0.9 pp | highest of 20 |
| EV / EBITDA | 1.3× | 11.9× | cheapest of 18 |
| Net debt / EBITDA | -0.1× | 5.1× | 2nd least indebted of 18 |
| Bond spread | 99 bp | 81 bp | 2nd widest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Centrica CNA.L | United Kingdom | $9.23B | -25% | 0% | 23% | 13.1× | n/a | n/a |
| ENN Natural Gas 600803.SS | China | $9.83B | +5% | -1% | n/a | 11.8× | -6.1% | +8.4% |
| Canadian Utilities CU.TO | Canada | $10.1B | +9% | +1% | 16% | 18.9× | 20.1% | +2.7% |
| KunLun Energy 0135.HK | Hong Kong | $8.35B | +1% | +6% | 5% | 9.5× | -13.0% | +11.4% |
| APA APA.AX | Australia | $10.4B | +7% | -6% | 38% | 49.3× | 12.5% | +3.1% |
| Italgas IG.MI | Italy | $10.4B | -12% | +9% | 49% | 12.3× | 2.4% | +11.3% |
| DCC Energy DCC.L | United Kingdom | $7.41B | +13% | -14% | 3% | 12.7× | 7.1% | +2.9% |
| AltaGas ALA.TO | Canada | $11.8B | +4% | +18% | 9% | 22.5× | n/a | n/a |
| Enn Energy 2688.HK | Hong Kong | $7.02B | -17% | +6% | 7% | 7.6× | -3.4% | +8.6% |
| Southwest Gas SWX | United States | $6.62B | +2% | -57% | 29% | 18.9× | n/a | n/a |
| Tokyo Gas 9531.T | Japan | $13.1B | -7% | +4% | 7% | 16.3× | -1.8% | +9.9% |
| Black Hills BKH | United States | $6.47B | +13% | +3% | 24% | 18.2× | n/a | n/a |
| Osaka Gas 9532.T | Japan | $13.3B | -2% | +1% | 7% | 14.6× | 4.0% | +8.3% |
| New Jersey Resources NJR | United States | $5.51B | -2% | +7% | 24% | 16.6× | n/a | n/a |
| Spire SR | United States | $5.25B | +4% | +4% | 20% | 17.9× | n/a | n/a |
| Enagas ENG.MC | Spain | $5.22B | +7% | -2% | 21% | 19.4× | 15.0% | -2.2% |
| ONE Gas OGS | United States | $5.09B | -5% | -2% | 21% | 16.6× | n/a | n/a |
| Beijing Enterprises 0392.HK | Hong Kong | $4.93B | -3% | +5% | 4% | 6.3× | 7.7% | +6.7% |
| Brookfield Infrastructure BIPC.TO | Canada | $4.91B | +5% | +6% | 60% | 22.0× | n/a | n/a |
| HK & China Gas 0003.HK | Hong Kong | $17.6B | +3% | +2% | 14% | 21.6× | 8.7% | +5.8% |
| China Resources Gas 1193.HK | Hong Kong | $4.77B | -13% | +1% | 6% | 10.7× | 1.8% | +11.8% |
Centrica has 4 bonds outstanding with $2.55B face value. The agencies rate it BBB; its bonds trade like A. Weighted yield 6.07%, a spread of 99 bp over government bonds.