How does Sempra (SRE) make money?

Sempra (SRE) generates revenue primarily from Utilities Service Line, which accounted for 49.2% of total revenue in TTM through Q1 2026. The company reported $13.6B in revenue and converted 15.2% of it into net profit, equivalent to roughly $2.07B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Sempra (SRE)?

Sempra (SRE) reported a gross profit margin of 30.6% in TTM through Q1 2026, equivalent to $4.16B in gross profit on $13.6B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Sempra (SRE)?

Sempra (SRE) reported an operating profit margin of 25% in TTM through Q1 2026, equivalent to $3.41B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Sempra (SRE)?

Sempra (SRE) reported a net profit margin of 15.2% in TTM through Q1 2026, equivalent to $2.07B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Sempra (SRE) profitable?

Yes. Sempra (SRE) reported $2.07B in net income for TTM through Q1 2026, with a net profit margin of 15.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Sempra (SRE) spend on capital expenditures?

Sempra (SRE) spent $10.7B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 78.9% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Sempra (SRE) generate?

Sempra (SRE) generated -$5.85B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -43.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Sempra (SRE)?

Sempra (SRE) had an effective tax rate of 23.5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Sempra (SRE)?

Sempra (SRE) reports revenue across 5 reportable product segments, led by Utilities Service Line at 49.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Sempra Makes Money: 2026 Visual Revenue Map

Sempra (SRE) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Sempra discloses geographic revenue only in annual filings. to view the full breakdown.

Sempra (SRE) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Sempra (SRE), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Utilities Service Line	$6.69B	49.2%
Natural Gas, Gathering, Transportation, Marketing and Processing	$3.71B	27.2%
Electricity	$1.91B	14%
So Cal Gas Segment	$799M	5.9%
Energy-Related Businesses	$500M	3.7%
Total	$13.6B	100%

Utilities Service Line$6.69B
Natural Gas, Gathering, Transportation, Marketing and Processing$3.71B
Electricity$1.91B
So Cal Gas Segment$799M
Energy-Related Businesses$500M
Total$13.6B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Sempra (SRE) reports revenue across 5 reportable product segments; the largest segment was Utilities Service Line at 49.2%, followed by Natural Gas, Gathering, Transportation, Marketing and Processing (27.2%) and Electricity (14%).

Frequently asked questions

Data & methodology

Sempra (SRE) Key Financials

Charts, filings, and peer comparison for every metric

Trains Company Knowledge

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

SRE Overview

Counters

Income Statement

Cash Flow

Capital Return

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

Forecast & Valuation