Kenon Holdings Ltd. (KEN) Stock Analysis
Utilities · Utilities - Independent Power Producers · NYSE
Kenon Holdings Ltd. (KEN) posted $871.93M in revenue for fiscal 2025 (up 16.1% year over year), at a 7.6% net margin, and has compounded revenue about 15.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Kenon Holdings Ltd.
Kenon Holdings Ltd. has grown revenue from $573.96M to $871.93M over the last 4 fiscal years, compounding about 15% a year. The most recent year was up 16.1%, so growth is actually accelerating.
Net margin sits at 7.6%, down 72 points year over year on a 16.8% gross margin. It carries about $1.77B of total debt.
At today's valuation the market is pricing in roughly 9% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Kenon Holdings Ltd.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Kenon Holdings Ltd. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $573.96M | $691.80M | $751.30M | $871.93M |
| Gross profit | $99.84M | $119.46M | $143.79M | $146.82M |
| Net income | $312.65M | $-235.98M | $597.67M | $66.27M |
| Net margin | 54.5% | -34.1% | 79.6% | 7.6% |
Source: Kenon Holdings Ltd. SEC filings (10-K).
Kenon Holdings Ltd.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 102.8% while revenue rose 16.1% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Heavy debt loadTotal debt of $1886.6M is 6.6× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 54.5% to 7.6% over ~3 years — profitability is compressing.
What growth is priced into KEN stock?
At today's market cap of $3.68B, Kenon Holdings Ltd. is priced for free-cash-flow growth of about 9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $167.39M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Kenon Holdings Ltd. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Kenon Holdings Ltd. financial history by metric
Compare Kenon Holdings Ltd. with peers
About Kenon Holdings Ltd.
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel and the United States. It engages in the generation and supply of electricity, and energy; development, construction, operation of power plants, and energy generation facilities using natural gas and renewable energy; and management of solar and wind energy, and conventional natural gas-fired power plants. The company was incorporated in 2014 and is based in Singapore. Kenon Holdings Ltd. is a subsidiary of Ansonia Holdings Singapore B.V.
Kenon Holdings Ltd. — frequently asked questions
What is Kenon Holdings Ltd.'s revenue?
Kenon Holdings Ltd. (KEN) reported revenue of $871.93M for fiscal year 2025, up 16.1% from the prior year, according to its SEC filings.
Is Kenon Holdings Ltd. profitable?
Yes. KEN earned net income of $66.27M in fiscal 2025, a net margin of 7.6%.
What is KEN's P/E ratio?
Kenon Holdings Ltd. trades at a price-to-earnings ratio of about 45.9 based on the latest data in our nightly-refreshed cache.
How fast is Kenon Holdings Ltd. growing?
KEN's revenue grew at roughly 15.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Kenon Holdings Ltd. have?
As of fiscal year 2025, KEN carried roughly $1.77B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Kenon Holdings Ltd.'s gross margin?
KEN's gross margin was 16.8% in fiscal 2025 — gross profit of $146.82M on revenue of $871.93M.
What is Kenon Holdings Ltd.'s market cap?
Kenon Holdings Ltd. (KEN) has a market capitalization of about $3.68B, based on the latest data in our nightly-refreshed cache.
When does Kenon Holdings Ltd.'s fiscal year end?
KEN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into KEN stock?
At today's market cap of $3.68B, Kenon Holdings Ltd. is priced for free-cash-flow growth of about 9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $167.39M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Kenon Holdings Ltd.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.