Filing Flows › Tennessee Valley Authority (TVE) › Q3 FY25
Tennessee Valley Authority (TVE) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 29, 2025
Tennessee Valley Authority (TVE) reported revenue of $3.3B for the third quarter fiscal 2025 (Q3 FY25), +15% from a year earlier and -6% from the quarter before. Operating margin was 15.6%, net earnings $212M (6.4% of revenue).
Tennessee Valley Authority, Q3 FY25: revenue $3.3B (+15% year over year), operating margin 15.6%, net earnings $212M, operating cash flow $615M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | -6% | +15% |
| Operating profit | $517M | -28% | +13% |
| Net earnings | $212M | -48% | +17% |
| Operating cash flow | $615M | -39% | +21% |
What changed
Revenue was $3.3B in Q3 FY25, up 15% year over year and down 6% from the previous quarter.
Operating profit was $0.52B, a 15.6% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, below the 16% margin then. Total costs grew 15% against revenue growth of 15%. Net earnings were $0.21B, up 17% year over year. The effective tax rate was 0.0%.
Operating cash flow was $0.61B (up 21% year over year), 290% of net earnings. Non-cash charges added back $0.58B of depreciation and amortization. Working capital and other items used $0.17B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.45B.
Questions
What was Tennessee Valley Authority's revenue in the third quarter fiscal 2025?
Tennessee Valley Authority (TVE) reported revenue of $3.3B for the third quarter fiscal 2025 (Q3 FY25), +15% from a year earlier and -6% from the quarter before.
Was Tennessee Valley Authority profitable in the third quarter fiscal 2025?
Operating profit was $517M (15.6% of revenue) and net earnings $212M.