GNEGenie Energy Ltd.
Is the business good?
The checks split: earnings fully cash-backed (1.2×), but margins compressing.
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 7% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is GNE?
Genie Energy Ltd. earns 21% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 12 points above what the capital costs: growth creates value
- Operating margin
- 4.0%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q2 2026
- Cash conversion
- 1.16×
Cash conversion · operating cash flow covers the operating profit after tax
- Share count, year on year
- −1.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 6.1% |
| FY2021 | 7.4% |
| FY2022 | 25% |
| FY2023 | 13% |
| FY2024 | 11% |
| FY2025 | 5.5% |
Details›
- Gross margin12 months to Q2 2026
- 25%
- Operating margin12 months to Q2 2026
- 4.0%
- Net margin12 months to Q2 2026
- 5.1%
- Revenue, trailing twelve months
- $502M
- Net income, trailing twelve months
- $26M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 21%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Utilities, Regulated Electric
Ranks #1 of 15 by RyuScore