Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Basket: AI Boom Unreg Power
Median physical 42.3%
Median FAT 1.14x
Median capex/D&A 1.13x
Median ROIC 11.6%
| Symbol | Name | Sector | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF yield | ROIC | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| TLN.US | Talen Energy Corporation | Utilities | 71.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$7.55BpropertyPlantAndEquipmentNetInventory$278.00MinventoryTotal assets$10.91BtotalAssetsResult 71.7% | 0.35xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$2.63BtotalRevenueNet PP&E$7.55BpropertyPlantAndEquipmentNetResult 0.35x | 0.55xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$206.00McapitalExpendituresD&A$376.00MdepreciationAndAmortizationResult 0.55x | $23.92Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$10.91BtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$9.81BtotalLiabTangible book$1.09BShares45,692,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $23.92 | 0.92xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$512.00MebitdaCapex$206.00McapitalExpendituresInterest$302.00MinterestExpenseShort-term debt$29.00MshortLongTermDebtEBITDA − capex$306.00MPrincipal due is the current portion of debt.Result 0.92x | 2.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$409.00MfreeCashFlowMarket cap$15.98BMarketCapitalizationResult 2.6% | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$16.00MoperatingIncomeTax expense$53.00MincomeTaxExpensePretax income-$166.00MincomeBeforeTaxTax rate—Equity$1.09BtotalStockholderEquityDebt$6.82BshortLongTermDebtTotalCash$752.00McashInvested capital$7.16BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | Heavy & stretched |
| VST.US | Vistra Corp. | Utilities | 50.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$19.94BpropertyPlantAndEquipmentNetInventory$1.02BinventoryTotal assets$41.55BtotalAssetsResult 50.4% | 0.89xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$17.74BtotalRevenueNet PP&E$19.94BpropertyPlantAndEquipmentNetResult 0.89x | 1.34xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$3.94BcapitalExpendituresD&A$2.95BdepreciationAndAmortizationResult 1.34x | -$0.39Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$41.55BtotalAssetsGoodwill$2.81BgoodWillIntangibles$2.44BintangibleAssetsLiabilities$36.44BtotalLiabTangible book-$135.00MShares345,656,067commonStockSharesOutstandingResult -$0.39 | 0.24xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.25BebitdaCapex$3.94BcapitalExpendituresInterest$1.18BinterestExpenseShort-term debt$4.23BshortLongTermDebtEBITDA − capex$1.31BPrincipal due is the current portion of debt.Result 0.24x | 0.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$129.00MfreeCashFlowMarket cap$47.04BMarketCapitalizationResult 0.3% | 6.5%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.91BoperatingIncomeTax expense$179.00MincomeTaxExpensePretax income$1.12BincomeBeforeTaxTax rate15.9%Equity$5.11BtotalStockholderEquityDebt$20.40BshortLongTermDebtTotalCash$816.00McashAndShortTermInvestmentsInvested capital$24.69BResult 6.5% | Heavy & stretched |
| CEG.US | Constellation Energy Corp | Utilities | 42.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$22.47BpropertyPlantAndEquipmentNetInventory$1.74BinventoryTotal assets$57.25BtotalAssetsResult 42.3% | 1.14xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$25.53BtotalRevenueNet PP&E$22.47BpropertyPlantAndEquipmentNetResult 1.14x | 1.13xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$2.95BcapitalExpendituresD&A$2.60BdepreciationAndAmortizationResult 1.13x | $45.96Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$57.25BtotalAssetsGoodwill$420.00MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$42.40BtotalLiabTangible book$14.43BShares314,000,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $45.96 | 1.19xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.63BebitdaCapex$2.95BcapitalExpendituresInterest$511.00MinterestExpenseShort-term debt$1.74BshortTermDebtEBITDA − capex$2.68BPrincipal due is short-term debt.Result 1.19x | 1.4%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$1.29BfreeCashFlowMarket cap$89.80BMarketCapitalizationResult 1.4% | 10.3%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$3.09BoperatingIncomeTax expense$1.19BincomeTaxExpensePretax income$3.51BincomeBeforeTaxTax rate33.8%Equity$14.52BtotalStockholderEquityDebt$8.99BshortLongTermDebtTotalCash$3.75BcashInvested capital$19.76BResult 10.3% | Mixed |
| GEV.US | GE Vernova LLC | Industrials | 26.1%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$6.01BpropertyPlantEquipmentInventory$10.43BinventoryTotal assets$63.02BtotalAssetsResult 26.1% | 6.34xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$38.07BtotalRevenueNet PP&E$6.01BpropertyPlantEquipmentResult 6.34x | 1.50xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.28BcapitalExpendituresD&A$853.00MdepreciationAndAmortizationResult 1.50x | $25.83Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$63.02BtotalAssetsGoodwill$4.44BgoodWillIntangibles$727.00MintangibleAssetsLiabilities$50.72BtotalLiabTangible book$7.13BShares276,000,000commonStockSharesOutstandingResult $25.83 | —Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$3.68BebitdaCapex$1.28BcapitalExpendituresInterest—Not reportedShort-term debt$63.00MshortTermDebtEBITDA − capex$2.40BPrincipal due is short-term debt.Result — | 1.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$3.71BfreeCashFlowMarket cap$227.75BMarketCapitalizationResult 1.6% | 52.2%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.39BoperatingIncomeTax expense-$2.05BincomeTaxExpensePretax income$2.83BincomeBeforeTaxTax rate0.0%Equity$11.18BtotalStockholderEquityDebt$328.00MlongTermDebt + shortLongTermDebtCash$8.85BcashAndShortTermInvestmentsInvested capital$2.66BResult 52.2% | Asset-light |
| NRG.US | NRG Energy Inc. | Utilities | 14.5%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.76BpropertyPlantEquipmentInventory$461.00MinventoryTotal assets$29.14BtotalAssetsResult 14.5% | 8.16xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$30.71BtotalRevenueNet PP&E$3.76BpropertyPlantEquipmentResult 8.16x | 0.80xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$1.15BcapitalExpendituresD&A$1.44BdepreciationAndAmortizationResult 0.80x | -$28.37Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$29.14BtotalAssetsGoodwill$5.02BgoodWillIntangibles$2.31BintangibleAssetsLiabilities$27.46BtotalLiabTangible book-$5.65BShares199,000,000commonStockSharesOutstandingResult -$28.37 | 2.66xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$3.29BebitdaCapex$1.15BcapitalExpendituresInterest$772.00MinterestExpenseShort-term debt$31.00MshortLongTermDebtEBITDA − capex$2.14BPrincipal due is the current portion of debt.Result 2.66x | 3.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$766.00MfreeCashFlowMarket cap$19.40BMarketCapitalizationResult 3.9% | 12.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.85BoperatingIncomeTax expense$214.00MincomeTaxExpensePretax income$1.08BincomeBeforeTaxTax rate19.9%Equity$1.68BtotalStockholderEquityDebt$16.77BshortLongTermDebtTotalCash$6.93BcashAndShortTermInvestmentsInvested capital$11.52BResult 12.9% | Asset-light |