Revenue
442 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 441890000 USD Source
Fundies. English
IPALCO ENTERPRISES, INC.
EDGARAnnual consolidated revenue for 2025: about USD 1.933B, using the latest reported figures. The previous period, 2024, was about USD 1.644B.
Latest quarter
Operating margin
16.6%
2026 Q2 · %
Operating cash flow
263 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 42.9 million USD Source
Exact value
42859000 USD
- Long-term debt including current maturities
- 3.82 billion USD Source
Exact value
3815143000 USD
- Shares outstanding
- 109 million shares Source
Exact value
108907000 shares
Reported share-count change
0.00% · 0 shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
1.98 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
912 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 646142000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 297024000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 723419000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 646142000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 222064000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 485554000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 222064000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-04.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 10 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 10 of 11 periods available· newest 2025-12-31
- Total liabilities: 9 of 11 periods available· newest 2025-12-31
- Current assets: 10 of 11 periods available· newest 2025-12-31
- Current liabilities: 10 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
- Shares outstanding: 6 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+17.6%Prior period
USD 1.64 billion
–
Current period
USD 1.93 billion
–
Exact inputs and evidence
1933080000 − 1643793000 = 289287000 USD
1643793000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1933080000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-17.2%Prior period
USD 105.23 million
–
Current period
USD 87.12 million
–
Exact inputs and evidence
87119000 − 105229000 = -18110000 USD
105229000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source87119000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+201.5%Prior period
USD 239.93 million
–
Current period
USD 723.42 million
–
Exact inputs and evidence
723419000 − 239927000 = 483492000 USD
239927000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source723419000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 1.93 billion 100% of revenue
- Operating costs Derived USD 1.57 billion 81% of revenue
- Operating income USD 365.79 million 19% of revenue
- Tax, interest and other Derived USD 278.67 million 14% of revenue
- Net income USD 87.12 million 4.5% of revenue
Cash
- Operating cash flow USD 723.42 million 37% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 9.7%9.7%81%
- 2017 9.7%82%
- 2018 9.6%83%
- 2019 9.3%83%
- 2020 11%81%
- 2021 9.2%82%
- 2022 87%
- 2023 9%88%
- 2024 12%82%
- 2025 14%81%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 1347430000 | 1085601000 Derived | 261829000 | 130769000 Derived | 131060000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 1349588000 | 1110390000 Derived | 239198000 | 130405000 Derived | 108793000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 1389200000 | 1152842000 Derived | 236358000 | 102333000 Derived | 134025000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 1760000000 | 1463248000 Derived | 296752000 | 164359000 Derived | 132393000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1352985000 | 1090453000 Derived | 262532000 | 152565000 Derived | 109967000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 1426132000 | 1175462000 Derived | 250670000 | 131488000 Derived | 119182000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1791711000 | 1558561000 Derived | 233150000 | 136524000 Derived | 96626000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 1649917000 | 1444154000 Derived | 205763000 | 148736000 Derived | 57027000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 1643793000 | 1340878000 Derived | 302915000 | 197686000 Derived | 105229000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 1933080000 | 1567295000 Derived | 365785000 | 278666000 Derived | 87119000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 1.9B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 1347430000 |
|
| 2017 | Revenue | 1349588000 |
|
| 2018 | Revenue | 1389200000 |
|
| 2019 | Revenue | 1760000000 |
|
| 2020 | Revenue | 1352985000 |
|
| 2021 | Revenue | 1426132000 |
|
| 2022 | Revenue | 1791711000 |
|
| 2023 | Revenue | 1649917000 |
|
| 2024 | Revenue | 1643793000 |
|
| 2025 | Revenue | 1933080000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
17.6% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 0.2% |
|
| 2018 | Year over year | 2.9% |
|
| 2019 | Year over year | 26.7% |
|
| 2020 | Year over year | -23.1% |
|
| 2021 | Year over year | 5.4% |
|
| 2022 | Year over year | 25.6% |
|
| 2023 | Year over year | -7.9% |
|
| 2024 | Year over year | -0.4% |
|
| 2025 | Year over year | 17.6% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 18.9% 2025
Net margin 4.5% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 19.4% |
|
| 2017 | Operating margin | 17.7% |
|
| 2018 | Operating margin | 17% |
|
| 2019 | Operating margin | 16.9% |
|
| 2020 | Operating margin | 19.4% |
|
| 2021 | Operating margin | 17.6% |
|
| 2022 | Operating margin | 13% |
|
| 2023 | Operating margin | 12.5% |
|
| 2024 | Operating margin | 18.4% |
|
| 2025 | Operating margin | 18.9% |
|
| 2016 | Net margin | 9.7% |
|
| 2017 | Net margin | 8.1% |
|
| 2018 | Net margin | 9.6% |
|
| 2019 | Net margin | 7.5% |
|
| 2020 | Net margin | 8.1% |
|
| 2021 | Net margin | 8.4% |
|
| 2022 | Net margin | 5.4% |
|
| 2023 | Net margin | 3.5% |
|
| 2024 | Net margin | 6.4% |
|
| 2025 | Net margin | 4.5% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 723.4M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 324591000 |
|
| 2017 | Operating cash flow | 285260000 |
|
| 2018 | Operating cash flow | 381012000 |
|
| 2019 | Operating cash flow | 397815000 |
|
| 2020 | Operating cash flow | 295425000 |
|
| 2021 | Operating cash flow | 225217000 |
|
| 2022 | Operating cash flow | 346346000 |
|
| 2023 | Operating cash flow | 391933000 |
|
| 2024 | Operating cash flow | 239927000 |
|
| 2025 | Operating cash flow | 723419000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
74.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Liabilities / assets | Not reported |
|
| 2017 | Liabilities / assets | 86.7% |
|
| 2018 | Liabilities / assets | 87% |
|
| 2019 | Liabilities / assets | 87.7% |
|
| 2020 | Liabilities / assets | 88.3% |
|
| 2021 | Liabilities / assets | 83.7% |
|
| 2022 | Liabilities / assets | 80.5% |
|
| 2023 | Liabilities / assets | 81.7% |
|
| 2024 | Liabilities / assets | 80.5% |
|
| 2025 | Liabilities / assets | 74.2% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.98× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.08× |
|
| 2017 | Current assets / current liabilities | 0.89× |
|
| 2018 | Current assets / current liabilities | 1.19× |
|
| 2019 | Current assets / current liabilities | 0.42× |
|
| 2020 | Current assets / current liabilities | 0.87× |
|
| 2021 | Current assets / current liabilities | 1.17× |
|
| 2022 | Current assets / current liabilities | 2.19× |
|
| 2023 | Current assets / current liabilities | 0.43× |
|
| 2024 | Current assets / current liabilities | 0.63× |
|
| 2025 | Current assets / current liabilities | 0.98× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 131.06 million Exact valueExact value: 131060000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 324.59 million Exact valueExact value: 324591000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 108.79 million Exact valueExact value: 108793000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 285.26 million Exact valueExact value: 285260000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 134.03 million Exact valueExact value: 134025000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 381.01 million Exact valueExact value: 381012000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 132.39 million Exact valueExact value: 132393000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 397.82 million Exact valueExact value: 397815000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 109.97 million Exact valueExact value: 109967000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 295.43 million Exact valueExact value: 295425000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 119.18 million Exact valueExact value: 119182000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 225.22 million Exact valueExact value: 225217000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 96.63 million Exact valueExact value: 96626000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 346.35 million Exact valueExact value: 346346000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 57.03 million Exact valueExact value: 57027000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 391.93 million Exact valueExact value: 391933000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 105.23 million Exact valueExact value: 105229000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 239.93 million Exact valueExact value: 239927000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 87.12 million Exact valueExact value: 87119000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 723.42 million Exact valueExact value: 723419000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
148 filings · 6,266 latest values · 6,266 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000728391, 728391, edgar:728391
Also known as IPALCO ENTERPRISES INC, IPALCO ENTERPRISES, INC.