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Enriches uranium into nuclear reactor fuel and is developing HALEU enrichment for next-generation advanced reactors.
Enriches uranium into nuclear reactor fuel and is developing HALEU enrichment for next-generation advanced reactors.
Sells enrichment, priced per separative work unit (the measure of effort needed to enrich uranium), to nuclear utilities under multi-year contracts, much of it bought from other producers rather than made in its own plants. A US government-funded demonstration plant in Ohio making HALEU, a higher-grade fuel for new reactors, adds contract revenue.
Moat: narrow (regulatory licence, IP / patents, process know-how). One of very few Western licensed uranium enrichment operators, strategically important given reduced Russian supply.
Headquarters: Bethesda, Maryland, United States · Founded: 1998 · Employees: 467
Size Centrus Energy (LEU) is a United States Materials company (Other Metals/Minerals) with a market value of $2.14B, the 1753rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $104.60 on 6 Nov 2026.
Performance Over six months the shares fell 49.5%, against -18.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 8.5% over the last twelve months (peer median +50.7%); the operating margin is 1.6% (peer median 4.9%).
Valuation It trades at 34.5× forward earnings against a peer median of 21.4× (6th most expensive of 19).
Backlog Backlog (remaining performance obligations) was $800M at 30 Sep 2026, up 14% on a year earlier — 1.8 years of trailing revenue. Backlog detail →
Credit Centrus Energy has 2 bonds outstanding ($1.21B).
Short interest Short interest is 30.1% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $474M | $449M | $442M | $320M | $294M |
| Revenue growth | — | +2% | +38% | +9% | — |
| Gross profit | $104M | $109M | $102M | $106M | $109M |
| EBITDA | $17.0M | $60.1M | $59.1M | $63.1M | $69.8M |
| Net income | $48.5M | $77.8M | $73.2M | $84.4M | $50.7M |
| Free cash flow | -$164M | $27.8M | $26.8M | $1.40M | $13.8M |
| Capital expenditure | $109M | $19.7M | $4.10M | $1.60M | $700,000 |
| Total debt | $1.18B | $1.22B | $547M | $177M | $170M |
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 |
|---|---|---|---|---|---|---|
| Centrus Energy LEU | $2.14B | -50% | +8% | 2% | 34.5× | n/a |
| Cameco CCO.TO | $31.3B | -38% | 0% | 12% | 48.8× | 47.7% |
| Silex Systems SLX.AX | $574M | -49% | +89% | -33% | n/a | 43.3% |
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 | LEU | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.4% | -15.0% | 5th lowest of 21 |
| 6-month return | -49.5% | -18.5% | 4th lowest of 21 |
| Distance from 52-week high | -69.7% | -47.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | +8.5% | +50.7% | 2nd lowest of 21 |
| Operating margin | 1.6% | 4.9% | 6th lowest of 21 |
| Forward P/E | 34.5× | 21.4× | 6th most expensive of 19 |
| Net debt / EBITDA | -40.7× | 0.0× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
Centrus Energy has 2 bonds outstanding with $1.21B face value.
Centrus Energy reported $800M of remaining performance obligations at 30 Sep 2026, up 14% from a year earlier and flat from the previous quarter. That is 1.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.