Sempra
SRE on NYSE. Sempra sells electricity and natural gas to homes and businesses. Market value $51.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
The company doesn't report operating profit, so we work it out from pre-tax profit and interest.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-10.03 of spare cash in the past 12 months. A savings account pays about $4.
You pay 23.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 4 cents a year. Above 10 is good.
Quality score: 59 of 100. Price score: 35 of 100. Our list needs 70 on quality and 60 on price.
$79.97 a share, 5% above its 1-year low
Over the past year the price has ranged from $76.21 to $101.04.
Dividend: 3.1% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $12.9bn | $14.4bn | $16.7bn | $13.2bn | $13.7bn |
| Operating margin | |||||
| Operating margin | 15.8% | 21.2% | 27.3% | 28.5% | 24.2% |
| Debt to equity | |||||
| Debt to equity | 0.95 | 1.07 | 1.08 | 1.15 | 1.11 |
| Shares outstanding | |||||
| Shares outstanding | 0.31bn | 0.63bn | 0.63bn | 0.65bn | 0.65bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.11× equity
- Revenue growth, five yearsSlow, 3.8% a year
- Buying back its own sharesNo, 108% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3 billion last quarter, about the same as a year ago.
- Profit: $797 million, up 69% on a year ago.
- Over the past 12 months it spent $5.2 billion more cash than it brought in, compared with $4.4 billion a year earlier.
- About the same number of shares as a year ago.
- Debt is $36.6 billion more than cash, down from $38.4 billion a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $2.8bn |
| December 2024 | $3.8bn |
| March 2025 | $3.8bn |
| June 2025 | $3.0bn |
| September 2025 | $3.2bn |
| December 2025 | $3.7bn |
| March 2026 | $3.7bn |
| June 2026 | $3.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $649m |
| December 2024 | $676m |
| March 2025 | $917m |
| June 2025 | $473m |
| September 2025 | $95m |
| December 2025 | $352m |
| March 2026 | $1.0bn |
| June 2026 | $797m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 4 November 2026
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 1,283 funds in all.
- Cambiar InvestorsBrian Barish
- Value
- $40m
- Share of fund
- 1.7%
- First Manhattan Co.First Manhattan partners
- Value
- $9m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Voss CapitalTravis Cocke | $189m | 9.4% | Added |
| Cambiar InvestorsBrian Barish | $40m | 1.7% | |
| Gotham Asset ManagementJoel Greenblatt | $19m | <0.1% | Added |
| First Manhattan Co.First Manhattan partners | $9m | <0.1% | |
| Cullen Capital ManagementJames Cullen | $3m | <0.1% | Added |
Largest holders overall
- BlackRock$5.6bn
- Wellington Management Group LLP$4.1bnCut
- Vanguard Capital Management$4.0bn
- State Street$3.5bn
- Vanguard Portfolio Management$3.5bnAdded
- Morgan Stanley$2.3bnAdded
- JPMorgan Chase$1.9bnAdded
- FMR$1.8bnAdded
- Geode Capital Management$1.5bnAdded
- Capital International Investors$1.3bnCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor8.1%Since 31 March 2025
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Wellington Management Group LLPPassive investorat least 7.5%(filed with 3 related holders)Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor5.7%Since 30 June 2026
- Capital International InvestorsPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 8.1% | 31 March 2025 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Wellington Management Group LLP Passive investor | at least 7.5% (filed with 3 related holders) | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 5.7% | 30 June 2026 | |
Capital International Investors Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $576,979 of shares on the open market. 8 sold $8m, $7m of it under preset trading plans.
- Winn Caroline AnnExecutive Vice PresidentSold
- Date
- 17 June 2026
- Shares
- 8,000
- Price
- $90.55
- Value
- $724,409
- Ferrero PabloDirectorSold
- Date
- 18 May 2026
- Shares
- 2,600
- Price
- $89.53
- Value
- $232,778
- DAY DIANA LChief Legal CounselSoldunder a preset trading plan
- Date
- 14 May 2026
- Shares
- 3,300
- Price
- $92.13
- Value
- $304,029
- BIRD JUSTIN CHRISTOPHERExecutive Vice PresidentSoldunder a preset trading plan
- Date
- 1 April 2026
- Shares
- 1,128
- Price
- $96.69
- Value
- $109,066
- Wold Dyan Z.VP, Controller and CAOSoldunder a preset trading plan
- Date
- 16 March 2026
- Shares
- 1,539
- Price
- $95.38
- Value
- $146,790
- Kirk Jennifer MDirectorBought
- Date
- 12 March 2026
- Shares
- 1,000
- Price
- $93.44
- Value
- $93,440
- WARNER CYNTHIA JDirectorBought
- Date
- 11 March 2026
- Shares
- 2,500
- Price
- $92.95
- Value
- $232,375
- MARK RICHARD JDirectorBought
- Date
- 11 March 2026
- Shares
- 2,692
- Price
- $93.30
- Value
- $251,164
- Sedgwick Karen LExecutive VP and CFOSoldunder a preset trading plan
- Date
- 9 March 2026
- Shares
- 4,872
- Price
- $92.58
- Value
- $451,041
- Martin Jeffrey WChairman, CEO and President, DirectorSoldunder a preset trading plan
- Date
- 5 January 2026
- Shares
- 23,111
- Price
- $87.21
- Value
- $2m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 17 June 2026 | Winn Caroline Ann Executive Vice President | Sold | 8,000 | $90.55 | $724,409 |
| 18 May 2026 | Ferrero Pablo Director | Sold | 2,600 | $89.53 | $232,778 |
| 14 May 2026 | DAY DIANA L Chief Legal Counsel | Sold under a preset trading plan | 3,300 | $92.13 | $304,029 |
| 1 April 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Sold under a preset trading plan | 1,128 | $96.69 | $109,066 |
| 16 March 2026 | Wold Dyan Z. VP, Controller and CAO | Sold under a preset trading plan | 1,539 | $95.38 | $146,790 |
| 12 March 2026 | Kirk Jennifer M Director | Bought | 1,000 | $93.44 | $93,440 |
| 11 March 2026 | WARNER CYNTHIA J Director | Bought | 2,500 | $92.95 | $232,375 |
| 11 March 2026 | MARK RICHARD J Director | Bought | 2,692 | $93.30 | $251,164 |
| 9 March 2026 | Sedgwick Karen L Executive VP and CFO | Sold under a preset trading plan | 4,872 | $92.58 | $451,041 |
| 5 January 2026 | Martin Jeffrey W Chairman, CEO and President, Director | Sold under a preset trading plan | 23,111 | $87.21 | $2m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.