Tennessee Valley Authority (TVE) Financial Statements
Industry: Electric Services
In fiscal 2025, Tennessee Valley Authority reported revenue of $13.67B, up 11.0% from $12.31B the year before. Net income was $1.36B (a 9.9% net margin). Operating margin was 18.8%. Operating activities generated $3.32B of cash, leaving -$1.13B of free cash flow. At fiscal year end, Tennessee Valley Authority held $60.88B in total assets against $60.88B in total liabilities, including $1.58B of cash and equivalents.
Open the full interactive Tennessee Valley Authority financials → Quarterly statements, key ratios, valuation history and price charts.
Tennessee Valley Authority Key Stats
| Share Price | $23.18 |
|---|---|
| Revenue YoY Growth | +11.0% |
| 52-Week Range | $23.05 – $24.40 |
Tennessee Valley Authority Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $10.25B | $10.50B | $12.54B | $12.05B | $12.31B | $13.67B |
| Operating Income | $2.71B | $2.85B | $2.41B | $1.69B | $2.23B | $2.57B |
| Pre-Tax Income | $1.35B | $1.51B | $1.11B | $500.0M | $1.14B | $1.36B |
| Net Income | $1.35B | $1.51B | $1.11B | $500.0M | $1.14B | $1.36B |
Tennessee Valley Authority Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $3.91B | $3.05B | $3.55B | $3.44B |
| Net Income | $615.0M | $266.0M | $392.0M | $307.0M |
Tennessee Valley Authority Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $500.0M | $499.0M | $500.0M | $501.0M | $502.0M | $1.58B |
| Current Assets | $3.25B | $3.50B | $3.97B | $3.67B | $3.77B | $5.18B |
| Total Assets | $52.83B | $52.46B | $51.19B | $51.34B | $57.70B | $60.88B |
| Current Liabilities | $4.71B | $4.98B | $4.64B | $4.87B | $5.87B | $5.61B |
| Total Long-Term Debt | $20.79B | $19.49B | $18.82B | $19.80B | $19.08B | $22.09B |
| Total Liabilities | $39.89B | — | — | — | $57.70B | $60.88B |
| Shareholders' Equity | $12.93B | — | — | — | — | — |
Tennessee Valley Authority Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.64B | $3.26B | $2.95B | $2.87B | $3.00B | $3.32B |
| Cash From Investing | -$2.02B | -$2.34B | -$2.66B | -$2.99B | -$3.59B | -$4.66B |
| Cash From Financing | -$1.42B | -$921.0M | -$283.0M | $123.0M | $590.0M | $2.41B |
| Free Cash Flow | $1.99B | $1.29B | $587.0M | $346.0M | -$278.0M | -$1.13B |
Figures from Tennessee Valley Authority's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Tennessee Valley Authority financials page for every line item.
Tennessee Valley Authority Company Profile
| Ticker | TVE |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Knoxville, Tennessee |
| Fiscal Year End | September 30 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001376986 |
Frequently Asked Questions
What was Tennessee Valley Authority's revenue in fiscal 2025?
Tennessee Valley Authority (TVE) reported revenue of $13.67B for fiscal 2025.
What is Tennessee Valley Authority's annual revenue history?
Tennessee Valley Authority's annual revenue by fiscal year: 2020: $10.25B; 2021: $10.50B; 2022: $12.54B; 2023: $12.05B; 2024: $12.31B; 2025: $13.67B.
What was Tennessee Valley Authority's net income in fiscal 2025?
Tennessee Valley Authority reported net income of $1.36B for fiscal 2025.
How much free cash flow did Tennessee Valley Authority generate in fiscal 2025?
Tennessee Valley Authority generated -$1.13B of free cash flow in fiscal 2025.
What was Tennessee Valley Authority's revenue last quarter?
In its most recent reported quarter (2026 Q3), Tennessee Valley Authority reported revenue of $3.44B.
How much debt does Tennessee Valley Authority have?
Tennessee Valley Authority reported $22.09B of long-term debt, including the current portion, at the end of fiscal 2025.
When does Tennessee Valley Authority's fiscal year end?
Tennessee Valley Authority's fiscal year end, as registered with the SEC, is September 30.
Where is Tennessee Valley Authority headquartered?
Tennessee Valley Authority lists its business address in Knoxville, Tennessee in its SEC filings.