Centrus Energy Corp (LEU) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Materials / Mining & Chemicals · as of Aug 11, 2026
Centrus Energy Corp (LEU)
A forensic read on Centrus Energy Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
7.7
Distress distance
Clean
Earnings quality
4
Forensic signals
60.2
P / E (ttm)
10.2%
ROE
$3.8B
Market cap
1.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Centrus Energy Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 7.7, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.41×
FY2023–FY2025
Cash conversion.Over FY2023–FY2025, operating cash flow was 0.41× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.
267d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 258 to 267 FY2024→FY2025 (against cost of goods sold; inventory +100% vs +0% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
+10.0%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +33% over the last 3 years to FY2025 (+10.0%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. Note: the share count shows a large one-time jump around FY2011, consistent with a reverse split or bankruptcy reorg rather than gradual buybacks, so the earlier shrinkage doesn't reflect real repurchase discipline. That's ~10.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~25%.
1.3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.3% of revenue and 18% of free cash flow in FY2025 — about $0.29 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 10.2% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
Key fundamentals
Latest Revenue$448.7M
Revenue Growth YoY+1.5%
Revenue CAGR (3yr)+15.2%
Net Margin17.3%
Free Cash Flow$31.3M
Return on Equity10.2%
Debt / Equity1.54x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Centrus Energy Corp's actual 10-K/10-Q/8-K filings?