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Regulated electric and gas utility (PSE&G) serving New Jersey, with a significant nuclear generation fleet.
Regulated electric and gas utility (PSE&G) serving New Jersey, with a significant nuclear generation fleet.
The utility earns a return set by New Jersey's regulator on the pipes, wires and meters it invests in, and that business carries most of the company. The nuclear plants sell power into the regional PJM wholesale market, so that side moves with power prices. It sold its fossil-fuel power plants in 2022 to focus on these two businesses.
Moat: narrow (regulatory licence, scale). Regulated New Jersey monopoly territory plus a low-carbon nuclear generation base.
Headquarters: Newark, New Jersey, US · Founded: 1903 · Employees: 13,189
Size Public Service Enterprise (PEG) is a United States Utilities company (Electric Utilities) with a market value of $36.2B, the 317th largest of 3,117 United States companies the cockpit tracks. Shares closed at $72.61 on 6 Nov 2026.
Performance Over six months the shares fell 5.0%, against +4.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +7.1%); the operating margin is 27.2% (peer median 21.4%).
Valuation It trades at 16.0× forward earnings against a peer median of 18.2× (7th cheapest of 21).
Capital Return on invested capital runs 0.2 points above its cost of capital (6.5% WACC).
Credit Public Service Enterprise has 48 bonds outstanding ($21.2B), rated A by the agencies and trading like A at a weighted spread of 72 bp.
Short interest Short interest is 1.8% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $13.3B | $12.3B | $10.3B | $9.67B | $11.5B |
| Revenue growth | — | +20% | +6% | -16% | — |
| Gross profit | $3.61B | $3.09B | $2.33B | $2.12B | $3.25B |
| EBITDA | $5.12B | $4.55B | $3.70B | $3.45B | $4.53B |
| Net income | $1.77B | $2.11B | $1.77B | $2.56B | $1.03B |
| Free cash flow | -$173M | $26.0M | -$1.25B | $481M | -$1.39B |
| Capital expenditure | $3.43B | $3.27B | $3.38B | $3.33B | $2.89B |
| Total debt | $25.8B | $24.2B | $22.9B | $20.4B | $20.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Public Service Enterprise PEG | $36.2B | -5% | +13% | 27% | 16.0× | n/a |
| Consolidated Edison ED | $43.7B | +12% | +10% | 18% | 18.5× | n/a |
| Eversource Energy ES | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% |
| Exelon EXC | $47.2B | +5% | +7% | 20% | 15.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PEG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | +6.4% | 2nd lowest of 21 |
| 6-month return | -5.0% | +4.4% | 6th lowest of 21 |
| Distance from 52-week high | -15.8% | -8.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +12.5% | +7.1% | 3rd highest of 21 |
| Operating margin | 27.2% | 21.4% | 5th highest of 21 |
| Forward P/E | 16.0× | 18.2× | 7th cheapest of 21 |
| ROIC minus cost of capital | +0.2 pp | -1.1 pp | 5th highest of 21 |
| EV / EBITDA | 11.9× | 12.9× | 7th cheapest of 18 |
| Net debt / EBITDA | 4.9× | 5.3× | 7th least indebted of 18 |
| Bond spread | 72 bp | 81 bp | 4th tightest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Public Service Enterprise PEG | United States | $36.2B | -5% | +13% | 27% | 16.0× | n/a | n/a |
| WEC Energy WEC | United States | $38.1B | +5% | +8% | 25% | 21.6× | n/a | n/a |
| NTPC NTPC.NS | India | $33.2B | -19% | +7% | 20% | 12.3× | n/a | n/a |
| CGN Power 003816.SZ | China | $33.1B | +4% | -20% | 30% | 22.4× | n/a | n/a |
| Adani Power ADANIPOWER.NS | India | $41.6B | -11% | +8% | 23% | 29.4× | n/a | n/a |
| Vistra VST | United States | $41.9B | -15% | +9% | 19% | 12.8× | 12.5% | +10.1% |
| Ameren AEE | United States | $31.2B | +4% | +4% | 25% | 20.0× | n/a | n/a |
| Fortis FTS.TO | Canada | $31.0B | +11% | +4% | 28% | 22.5× | n/a | n/a |
| Huaneng Lancang River Hydropower 600025.SS | China | $30.7B | +15% | +4% | 48% | 23.1× | 3.8% | +6.6% |
| Sse SSE.L | United Kingdom | $43.2B | +7% | +1% | 19% | 14.2× | n/a | n/a |
| Consolidated Edison ED | United States | $43.7B | +12% | +10% | 18% | 18.5× | n/a | n/a |
| China National Nuclear Power 601985.SS | China | $29.8B | +7% | -2% | 27% | 26.1× | n/a | n/a |
| Orsted ORSTED.CO | Denmark | $29.5B | -8% | +15% | 2% | 20.4× | n/a | n/a |
| PG&E PCG | United States | $28.6B | -19% | +4% | 20% | 7.4× | n/a | n/a |
| DTE Energy DTE | United States | $28.1B | -3% | +18% | 13% | 16.6× | n/a | n/a |
| Exelon EXC | United States | $47.2B | +5% | +7% | 20% | 15.2× | n/a | n/a |
| CenterPoint Energy CNP | United States | $27.0B | -2% | +8% | 24% | 19.9× | n/a | n/a |
| PPL PPL | United States | $26.9B | 0% | +7% | 24% | 17.0× | n/a | n/a |
| FirstEnergy FE | United States | $26.9B | +5% | +12% | 19% | 16.1× | n/a | n/a |
| Eversource Energy ES | United States | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% | +8.8% |
| Clp 0002.HK | Hong Kong | $26.1B | +7% | -2% | 16% | 17.9× | 1.6% | +2.0% |
Public Service Enterprise has 48 bonds outstanding with $21.2B face value. The agencies rate it A; its bonds trade like A. Weighted yield 5.58%, a spread of 72 bp over government bonds.