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Scottish utility that generates renewable electricity (wind, hydro), owns UK transmission/distribution networks, and supplies energy in Ireland.
Scottish utility that generates renewable electricity (wind, hydro), owns UK transmission/distribution networks, and supplies energy in Ireland.
Earns from regulated returns on its power networks, set by the regulator Ofgem for multi-year periods, from selling electricity from its wind, hydro and gas-fired plants, and from a business serving corporate customers. It sold its household energy supply in Great Britain to OVO in 2020 to focus on networks and renewables.
Moat: narrow (regulatory licence, installed base). Regulated network monopoly plus a large renewable generation fleet with grid-connection priority.
Headquarters: Perth, Scotland, UK · Founded: 1998 · Employees: 15,197
Size Sse (SSE.L) is a United Kingdom Utilities company (Electric Utilities) with a market value of $43.2B, the 23rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £2,649 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against +3.7% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +6.5%); the operating margin is 19.5% (peer median 22.7%).
Valuation It trades at 14.2× forward earnings against a peer median of 18.6× (4th cheapest of 21).
Capital Return on invested capital runs 2.6 points below its cost of capital (8.4% WACC).
Credit Sse has 13 bonds outstanding ($9.21B), rated BBB+ by the agencies and trading like A+ at a weighted spread of 84 bp.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £10.2B | £10.2B | £10.1B | £10.5B | £12.5B |
| Revenue growth | — | +1% | -3% | -16% | — |
| Gross profit | £3.88B | £3.13B | £3.23B | £3.24B | £1.93B |
| EBITDA | £2.89B | £3.00B | £2.98B | £3.01B | £1.79B |
| Net income | £1.21B | £1.21B | £1.19B | £1.71B | -£158M |
| Free cash flow | -£785M | -£785M | -£286M | £1.82B | -£24.5M |
| Capital expenditure | £4.44B | £4.44B | £3.13B | £2.51B | £1.82B |
| Total debt | n/a | £13.1B | £12.5B | £11.0B | £10.9B |
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 |
|---|---|---|---|---|---|---|
| Sse SSE.L | $43.2B | +7% | +1% | 19% | 14.2× | n/a |
| National Grid NG..L | $84.5B | -2% | -4% | 29% | 13.8× | n/a |
| Iberdrola IBE.MC | $168B | +16% | +1% | 21% | 21.9× | 11.4% |
| Centrica CNA.L | $9.23B | -25% | 0% | 23% | 13.1× | n/a |
| Rwe RWE.DE | $50.4B | +2% | -34% | 0% | 18.6× | n/a |
| Orsted ORSTED.CO | $29.5B | -8% | +15% | 2% | 20.4× | 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 | SSE.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | +8.2% | 9th highest of 21 |
| 6-month return | +6.8% | +3.7% | 7th highest of 21 |
| Distance from 52-week high | -7.4% | -6.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +0.5% | +6.5% | 5th lowest of 21 |
| Operating margin | 19.5% | 22.7% | 7th lowest of 21 |
| Forward P/E | 14.2× | 18.6× | 4th cheapest of 21 |
| ROIC minus cost of capital | -2.6 pp | -1.1 pp | 5th lowest of 21 |
| EV / EBITDA | 15.4× | 13.7× | 4th most expensive of 18 |
| Net debt / EBITDA | 4.0× | 4.9× | 6th least indebted of 18 |
| Bond spread | 84 bp | 82 bp | 6th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Vistra VST | United States | $41.9B | -15% | +9% | 19% | 12.8× | 12.5% | +10.1% |
| Adani Power ADANIPOWER.NS | India | $41.6B | -11% | +8% | 23% | 29.4× | n/a | n/a |
| Exelon EXC | United States | $47.2B | +5% | +7% | 20% | 15.2× | n/a | n/a |
| WEC Energy WEC | United States | $38.1B | +5% | +8% | 25% | 21.6× | n/a | n/a |
| Rwe RWE.DE | Germany | $50.4B | +2% | -34% | 0% | 18.6× | n/a | n/a |
| Endesa ELE.MC | Spain | $51.0B | +21% | +6% | 17% | 18.4× | 0.5% | +4.7% |
| Xcel Energy XEL | United States | $51.1B | +1% | +4% | 22% | 18.1× | n/a | n/a |
| Public Service Enterprise PEG | United States | $36.2B | -5% | +13% | 27% | 16.0× | n/a | n/a |
| Entergy ETR | United States | $52.8B | -1% | +11% | 24% | 22.8× | n/a | n/a |
| E.on EOAN.DE | Germany | $55.9B | +4% | -8% | 7% | 17.5× | 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 |
| Ameren AEE | United States | $31.2B | +4% | +4% | 25% | 20.0× | n/a | n/a |
| Dominion Energy D | United States | $60.3B | +12% | +23% | 29% | 18.7× | 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% |
| 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 |
Sse has 13 bonds outstanding with $9.21B face value. The agencies rate it BBB+; its bonds trade like A+. Weighted yield 4.41%, a spread of 84 bp over government bonds.