profit from every R$100 of sales.
R$0R$100
Equatorial
R$34.50+1.92% today
-5.0% in 1 year
1-year low R$32.161-year high R$50.75
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay R$25.82 for every R$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Equatorial sold, what it kept, and what it did with the cash.
Sales went from R$26.2 billion in 2022 to R$49.3 billion in 2025, with R$1.68 billion of profit last year.
SalesProfit
Equatorial handed back more cash to shareholders than it generated last year.
R$5.4B
Free cash flow 2025R$3.9B
Bought back its own sharesR$16M
Paid as dividendsR$5.4B
Cash vs. debtR$2.7B vs. R$54.6B
Equatorial vs. similar companies
Equatorial grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from R$100 of sales | Sales growth a year | Price per R$1 of profit |
|---|---|---|---|
| Equatorial | 25.8× · Fair price | ||
 NextEra Energy | 26.4× · Fair price | ||
 The Southern | 25.2× · Fair price | ||
 Duke Energy | 20.2× · Fair price | ||
 National Grid | 19.5× · Fair price |
AI analysis
An AI analyst reads Equatorial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 26,217 | 39,486 | 41,563 | 49,253 | |
| 7,652 | 10,644 | 9,340 | 10,787 | |
| 5,445 | 8,221 | 7,573 | 10,826 | |
| 7,174 | 9,720 | 9,522 | 10,569 | |
| 1,374 | 2,076 | 2,812 | 1,678 | |
| 1.23 | 1.80 | 2.25 | 1.33 | |
| 29.2% | 27.0% | 22.5% | 21.9% | |
| 20.8% | 20.8% | 18.2% | 22.0% | |
| 5.2% | 5.3% | 6.8% | 3.4% |
Balance sheet
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 90,617 | 103,643 | 116,412 | 109,604 |
| Cash | 3,166 | 4,612 | 3,306 | 2,660 |
| Total debt | 41,303 | 46,556 | 55,931 | 54,572 |
| Total liabilities | 72,050 | 78,360 | 86,525 | 81,276 |
| 16,614 | 21,093 | 26,114 | 25,752 | |
| 1,113 | 1,156 | 1,247 | 1,259 | |
| 6.2% | 7.1% | 5.4% | 6.1% | |
| 8.3% | 9.8% | 10.8% | 6.5% |
Cash flow
| In millions of BRL | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,468 | 4,350 | 4,251 | 3,974 | |
| 4,495 | 83 | 41 | 38 | |
| -1,028 | 4,266 | 4,211 | 3,936 | |
| Dividends paid | 1,092 | 797 | 1,434 | 5,373 |
| 0 | 0 | 58 | 16 | |
| -172 | 364 | – | – |
Valuation
- 25.8×
- –
- 9.86
- 1.7×
- 0.9×
- 11.0×
- 9.0×
- 9.1%
- 3.9%
- 12.4%
Profitability
- 21.9%
- 22.0%
- 3.4%
- –
- 6.1%
- 6.2%
- –
- –
- –
- –
Growth
- +23.4%
- +2.6%
- –
- –
- +4.2%
Financial health
- 4.9×
- 2.12
- –
- 1.5×
- 1.49
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 40%of 399
Top 41%of 394
Bottom 25%of 364
Top 9%of 399
Top 20%of 398
12.4%of the share price, paid each year
On $1,000 invested$124a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
320.1% of its profit
Room to growStretchedMore than it earns: 136.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
41No pass
Benjamin Graham
51No pass
Philip Fisher
38No pass
Peter Lynch
23No pass
Joel Greenblatt
34No pass
Charlie Munger
24No pass
Terry Smith
35No pass
Questions about Equatorial
Is Equatorial a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Equatorial AI analysis
What does Equatorial do?
Equatorial S.A., through its subsidiaries, engages in the generation, distribution, and commercialization of energy in Brazil. It is in Utilities - Regulated Electric, based in São Luís, MA, Brazil, with 11,571 employees.
Does Equatorial pay a dividend?
Yes. At today's price the dividend is 12.4% a year. In 2025 it paid out R$5.37 billion in dividends.
Is Equatorial stock halal?
No. Equatorial does not pass our halal screen: its debt is 126% of its market value, at or above the 33% limit. How we check
How has Equatorial stock done over the past year?
Down 5.0% over the past twelve months, to R$34.50. It traded between R$32.16 and R$50.75 and is 32.0% below its high.
Who are Equatorial's competitors?
The largest listed companies in the same industry are NextEra Energy, The Southern, Duke Energy and National Grid. The peers table on this page compares their profit, growth and price with Equatorial's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.