CCJ vs LEU: Cameco and Centrus Energy compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Cameco is the larger company, worth $35.7B, about 14.5 times Centrus Energy.
- Centrus Energy grew revenue faster over the last year (+14.0% vs +11.0%).
- Cameco keeps more of each dollar of revenue as operating profit (17.8% vs 1.6%).
- On earnings, Centrus Energy is the cheaper stock (45.8x vs 75.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CCJ | LEU |
|---|---|---|
| Market cap | $35.7B | $2.5B |
| Share price | $88.06 | $142.44 |
| Revenue (last fiscal year) | $3.5B | $449M |
| Free cash flow (last fiscal year) | $1.1B | $31M |
| Revenue growth, last year | +11.0% | +14.0% |
| Revenue growth per year, last 5 fiscal years | +24.0% | +10.7% |
| Operating margin | 17.8% | 1.6% |
| Net margin | 16.9% | 10.2% |
| Return on equity | 8.5% | 5.7% |
| P/E (trailing) | 75.3x | 45.8x |
| Price / free cash flow | 35.0x | 78.8x |
| EV / EBITDA | 57.5x | 25.0x |
| FCF growth the price implies | — | 23.1% |
| Dividend yield | 0.28% | — |
| Debt / equity | 0.49x | 1.99x |
| Fundamental grade | C | D |
| Superinvestors holding it | 6 | 3 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Cameco
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.5B | $360M | -9.2% |
| 2022 | $1.9B | $161M | 0.81% |
| 2023 | $2.6B | $535M | 10.9% |
| 2024 | $3.1B | $694M | 16.3% |
| 2025 | $3.5B | $1.1B | 17.8% |
Centrus Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $298M | $49M | 22.9% |
| 2022 | $294M | $20M | 20.3% |
| 2023 | $320M | $8M | 16.4% |
| 2024 | $442M | $33M | 10.9% |
| 2025 | $449M | $31M | 11.2% |
Where the revenue comes from
Cameco · by segments, 2025
WEC$3.5B50%
U3O8$2.9B41%
Fuel Services$562M8%
Other$46M1%
Centrus Energy · by products, 2022
Separative Work Units$196M67%
Service$58M20%
Uranium$39M13%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CCJ in InvestinglyQuestions
Which is bigger, Cameco or Centrus Energy?
Cameco (CCJ), at $35.7B against $2.5B.
Is CCJ or LEU cheaper?
By trailing P/E, Centrus Energy (45.8x) is cheaper than Cameco (75.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, CCJ or LEU?
Centrus Energy: revenue grew +14.0% over the last year, against +11.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.