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Stocks · Industrials · Construction - Special Trade Contractors

Zeo Energy Corp.

ZEO Clue Score22
United States Fiscal year ends December CIK 0001865506
$0.26 -4.24% Close, 9 Oct 2026
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Price $0.26 −97.64% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 16 Dec 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Operating income−2.8Net income14.3Fiscal year 2023Revenue109.7Operating income5.1Net income−3.0 −120.9%EPS, diluted4.85Fiscal year 2024Revenue73.2 −33.2%Operating income−10.8Net income−2.7EPS, diluted−0.48Fiscal year 2025Revenue69.3 −5.3%Operating income−20.5Net income−14.0
FY2022FY2023FY2024FY2025
Revenue n/a 109.7 73.2 69.3
Growth −33.2% −5.3%
Operating income −2.8 5.1 −10.8 −20.5
Net income 14.3 −3.0 −2.7 −14.0
Growth −120.9%
EPS, diluted n/a 4.85 −0.48 n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Fiscal year 2023Operating margin4.7%Net margin−2.7%Free cash flow margin10.0%Fiscal year 2024Operating margin−14.8%Net margin−3.6%Free cash flow margin−12.4%Fiscal year 2025Operating margin−29.6%Net margin−20.2%Free cash flow margin−14.3%
FY2022FY2023FY2024FY2025
Operating margin n/a 4.7% −14.8% −29.6%
Net margin n/a −2.7% −3.6% −20.2%
Free cash flow margin n/a 10.0% −12.4% −14.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow3.3Fiscal year 2023Operating cash flow12.0Capital expenditure−1.0Free cash flow10.9Buybacks−272.6Fiscal year 2024Operating cash flow−8.7Capital expenditure−0.4Free cash flow−9.1 −183.0%Dividends paid−0.1Fiscal year 2025Operating cash flow−8.7Capital expenditure−1.2Free cash flow−9.9Dividends paid−0.6
FY2022FY2023FY2024FY2025
Operating cash flow 3.3 12.0 −8.7 −8.7
Capital expenditure n/a −1.0 −0.4 −1.2
Free cash flow n/a 10.9 −9.1 −9.9
Growth −183.0%
Buybacks n/a −272.6 n/a n/a
Dividends paid n/a n/a −0.1 −0.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.6Shareholders’ equity−12.0Fiscal year 2023Cash8.0Shareholders’ equity30.6Fiscal year 2024Cash5.6Total debt0.8Net cash (debt)4.8Shareholders’ equity−88.9Fiscal year 2025Cash6.1Total debt0.1Net cash (debt)6.1Shareholders’ equity5.3Debt to equity0.01
FY2022FY2023FY2024FY2025
Cash 0.6 8.0 5.6 6.1
Total debt n/a n/a 0.8 0.1
Net cash (debt) n/a n/a 4.8 6.1
Shareholders’ equity −12.0 30.6 −88.9 5.3
Debt to equity n/a n/a n/a 0.01

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024† 31 Dec 2024 FY2025 31 Dec 2025
Operations
3.3 12.0 −8.7 −8.7
Growth +265.7% −172.8%
n/a 1.8 0.1 0.1
Investment
n/a −1.0 −0.4 −1.2
calc n/a 10.9 −9.1 −9.9
Growth −183.0%
calc n/a 10.94 −1.64 n/a
−4.0 −1.0 −7.4 13.4
Financing
n/a −5.2 13.7 −4.2
n/a n/a −0.1 −0.6
n/a −272.6 n/a n/a

† The diluted share count jumps at 2024, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.