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Tennessee Valley Authority PARRS A 2029 logo

Tennessee Valley Authority PARRS A 2029

TVE

NYSEUtilitiesIndependent Power Producers

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Previous close

$23.50

−$0.01 · -0.04%

Aug 21, 4:00 PM ET

TVE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

64

Undervalued

Momentum

36

Weakening

Sentiment

48

Mixed

Risk resilience

87

Low Risk

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Company profile

Company website

Tennessee Valley Authority provides electricity for utility and business customers in the United States. The firm sells power to distributor who then resells power to their customers at retail rates. Its distributor customers consist of municipalities and other local government entities, and customer-owned entities. It also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. The firm operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
US
CEO
Michael D. Skaggs
Listed since
May 19, 1999
Employees
192

Market position

Day range

Current $23.50

52-week range

Current $23.50

Open
$23.49
Previous close
$23.51
Volume
15.37K
1.65× average
Average volume
9.31K
Average daily volume
Market cap
12.34M USD
Beta
0.12
Market reference 1
50-day average
$23.5342
-0.15% below average
200-day average
$24.0009
-2.09% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
23.52B USD
P/E (TTM)
-0.27×
P/B (TTM)
0×
P/S (TTM)
0×
EV / EBITDA
4.71×
Earnings yield
10995.23%
Free cash flow yield
-10970.98%
Dividend yield
2.36%

Profitability & efficiency

Gross margin
40.07%
Operating margin
20.07%
Net margin
1.58%
Return on equity
7.35%
Return on assets
2.23%
Return on invested capital
4.52%

Financial health

Debt / equity
1.29×
Current ratio
0.92×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%34%17%-0%Gross margin, FY2021: 46.62%Gross margin, FY2022: 40.57%Gross margin, FY2023: 37.45%Gross margin, FY2024: 40.10%Gross margin, FY2025: 40.14%Operating margin, FY2021: 27.09%Operating margin, FY2022: 19.23%Operating margin, FY2023: 13.99%Operating margin, FY2024: 18.09%Operating margin, FY2025: 18.79%Net margin, FY2021: 14.40%Net margin, FY2022: 8.84%Net margin, FY2023: 4.15%Net margin, FY2024: 9.22%Net margin, FY2025: 9.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.62%. Gross margin FY2022 40.57%. Gross margin FY2023 37.45%. Gross margin FY2024 40.10%. Gross margin FY2025 40.14%. Operating margin FY2021 27.09%. Operating margin FY2022 19.23%. Operating margin FY2023 13.99%. Operating margin FY2024 18.09%. Operating margin FY2025 18.79%. Net margin FY2021 14.40%. Net margin FY2022 8.84%. Net margin FY2023 4.15%. Net margin FY2024 9.22%. Net margin FY2025 9.95%.

Income trends

Revenue

13.67B USD+11.03%

Operating income

2.57B USD+15.31%

Net income

1.36B USD+19.82%
Income trends across reported periods14.99B USD9.72B USD4.45B USD−817.2M USDRevenue, FY2021: 10.5B USDRevenue, FY2022: 12.54B USDRevenue, FY2023: 12.05B USDRevenue, FY2024: 12.31B USDRevenue, FY2025: 13.67B USDOperating income, FY2021: 2.85B USDOperating income, FY2022: 2.41B USDOperating income, FY2023: 1.69B USDOperating income, FY2024: 2.23B USDOperating income, FY2025: 2.57B USDNet income, FY2021: 1.51B USDNet income, FY2022: 1.11B USDNet income, FY2023: 500M USDNet income, FY2024: 1.14B USDNet income, FY2025: 1.36B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.5B USD. Revenue FY2022 12.54B USD. Revenue FY2023 12.05B USD. Revenue FY2024 12.31B USD. Revenue FY2025 13.67B USD. Operating income FY2021 2.85B USD. Operating income FY2022 2.41B USD. Operating income FY2023 1.69B USD. Operating income FY2024 2.23B USD. Operating income FY2025 2.57B USD. Net income FY2021 1.51B USD. Net income FY2022 1.11B USD. Net income FY2023 500M USD. Net income FY2024 1.14B USD. Net income FY2025 1.36B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue13.67B USD12.31B USD12.05B USD12.54B USD10.5B USD
Cost of goods sold8.18B USD7.38B USD7.54B USD7.45B USD5.61B USD
Gross profit5.49B USD4.94B USD4.51B USD5.09B USD4.9B USD
Selling, general, and administrative—98M USD199M USD258M USD258M USD
Operating expenses2.92B USD2.71B USD2.82B USD2.68B USD2.05B USD
Interest income———1.04B USD1.08B USD
Interest expense1.2B USD1.07B USD1.06B USD1.05B USD1.09B USD
Depreciation and amortization2.51B USD27M USD2.37B USD2.42B USD1.94B USD
Operating income2.57B USD2.23B USD1.69B USD2.41B USD2.85B USD
Net income1.36B USD1.14B USD500M USD1.11B USD1.51B USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-14.19

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates285.7973.67-138.44-350.55Q3 '22Q4 '22Q1 '23Q4 '23Q1 '25Q2 '25Q3 '25Q4 '25
Q3 2022, reported Sep 30, 2022: actual 226.67, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual -306.67, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 34.29, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 241.9, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 4, 2025: actual 2.38, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 7.77, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 28, 2025: actual 4.04, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual -14.19, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates7B5.48B3.97B2.45BQ3 '22Q4 '22Q1 '23Q4 '23Q1 '25Q2 '25Q3 '25Q4 '25
Q3 2022, reported Sep 30, 2022: actual 6.69B USD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 3.02B USD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 2.96B USD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 2.77B USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 4, 2025: actual 2.92B USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 3.53B USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 28, 2025: actual 3.31B USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 3.91B USD, estimate —, surprise —, Comparison unavailable.

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ETFs holding TVE

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
12.11M
Weight
0.09%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Invesco Variable Rate Preferred ETF logoInvesco Variable Rate Preferred ETFVRP
Market value
2.09M
Weight
0.07%
AUM
3.02B USD
Expense ratio
0.50%
Price / 1D
$24.17+0.12%
AAM Low Duration Preferred and Income Securities ETF logoAAM Low Duration Preferred and Income Securities ETFPFLD
Market value
427.44K
Weight
0.11%
AUM
487.73M USD
Expense ratio
0.45%
Price / 1D
$19.550.00%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
17.07K
Weight
0.01%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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