Evenly matched
27 companies value 935 bn revenue 424 bn margin 13.1% free cash flow -7.2 bn avg. score 2.7
NEE holds 17.4% of the group's value, 1.6x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NEE | NextEra Energy United States · score 6.1 | 17% | 163 bn | 26 bn | 35.4% | 14 bn | 8.5% | 3.0% | Electric utility in Florida (Florida Power & Light) and wind, solar and battery plants · World's largest wind and solar generator + a Florida utility | |
| 2 | SO | Southern Company United States · score 1.7 | 11% | 103 bn | 30 bn | 15.4% | -3.3 bn | -3.2% | 3.0% | Electric and gas utilities in the US Southeast · One of the largest US utilities; the only one to have completed new nuclear reactors | |
| 3 | DUK | Duke Energy United States · score 1.0 | 10% | 93 bn | 33 bn | 16.1% | -4.3 bn | -4.6% | — | Electric and gas utilities in the Southeast and Midwest · 8 million customers in regulated markets with growing populations | |
| 4 | AEP | American Electric Power United States · score 5.8 | 7% | 68 bn | 23 bn | 14.3% | 4.3 bn | 6.3% | 3.0% | Electricity generation, transmission and distribution in 11 US states · Largest US transmission network by length | |
| 5 | ETR | Entergy United States · score 0.7 | 5% | 48 bn | 13 bn | 13.5% | -3.0 bn | -6.1% | 2.4% | Electric and gas utilities in the US South · Power in the US South, with strong new industrial demand | |
| 6 | XEL | Xcel Energy United States · score 1.1 | 5% | 47 bn | 15 bn | 15.3% | -7.7 bn | -16.4% | 2.9% | Electric and gas utilities in the Midwest and West · Leader in the shift to renewables among regulated utilities | |
| 7 | EXC | Exelon United States · score 1.7 | 5% | 44 bn | 25 bn | 11.0% | -1.9 bn | -4.4% | 3.8% | Electricity and gas distribution in six states · Largest US pure-play distribution utility by customer count | |
| 8 | ED | Consolidated Edison United States · score 6.3 | 4% | 41 bn | 18 bn | 12.5% | 4.0 bn | 9.7% | 3.0% | Electricity, gas and steam in New York · New York utility; 50 years of rising dividends | |
| 9 | PCG | PG&E United States · score 1.1 | 4% | 39 bn | 26 bn | 0.0% | -4.3 bn | -11.0% | 0.5% | Electricity and natural gas in Northern California · California's largest utility, rebuilt after its restructuring | |
| 10 | AEE | Ameren United States · score 1.5 | 3% | 29 bn | 8.8 bn | 17.9% | -1.4 bn | -4.9% | 2.8% | Electric and gas utilities in Missouri and Illinois · Energy utility in Missouri and Illinois | |
| 11 | FE | FirstEnergy United States · score 0.9 | 3% | 27 bn | 16 bn | 6.9% | -1.9 bn | -7.3% | 3.9% | Electricity distribution in six states · Power distribution in the Midwest and Mid-Atlantic | |
| 12 | DTE | DTE Energy United States · score 6.0 | 3% | 26 bn | 16 bn | 8.0% | 3.4 bn | 12.7% | 3.4% | Electric and gas utilities in Michigan · Electricity and gas in Michigan | |
| 13 | CNP | CenterPoint Energy United States · score 1.0 | 3% | 26 bn | 9.6 bn | 11.6% | -2.7 bn | -10.3% | 2.3% | Electric and natural gas utilities in Texas and the Midwest · Electricity and gas in Houston, one of the fastest-growing US regions | |
| 14 | PPL | PPL Corporation United States · score 1.4 | 3% | 26 bn | 9.4 bn | 13.5% | -2.0 bn | -7.7% | 3.2% | Electricity distribution in Pennsylvania, Kentucky and Rhode Island · Regulated utility in Pennsylvania and Kentucky, with a heavy grid investment plan | |
| 15 | ES | Eversource Energy United States · score 3.8 | 3% | 24 bn | 14 bn | 10.4% | 0.3 bn | 1.2% | 4.7% | Electric, gas and water utilities in New England · Electricity and gas in New England | |
| 16 | EIX | Edison International United States · score 2.3 | 2% | 21 bn | 19 bn | 19.3% | -0.4 bn | -1.8% | 6.1% | Southern California electric utility · Southern California utility, including Los Angeles | |
| 17 | CMS | CMS Energy United States · score 5.0 | 2% | 21 bn | 8.8 bn | 11.6% | 2.1 bn | 10.2% | 0.1% | Electric and natural gas utilities in Michigan · Electricity and gas in Michigan | |
| 18 | EVRG | Evergy United States · score 1.4 | 2% | 19 bn | 6.1 bn | 15.2% | -1.4 bn | -7.5% | 3.3% | Kansas and Missouri electric utility, 1.7 million customers · Power in Kansas and Missouri, with strong new industrial demand | |
| 19 | KEP | KOREA ELECTRIC POWER CORP South Korea · score 5.5 | 2% | 14 bn | 73 bn | 9.0% | 3.8 bn | 27.8% | 1.2% | Electricity transmission and distribution in South Korea, plus nuclear and thermal power generation · South Korea — revenue of $72.7bn | |
| 20 | PNW | Pinnacle West Capital United States · score 1.5 | 1% | 12 bn | 5.5 bn | 11.7% | -0.9 bn | -7.2% | 3.5% | Arizona electric utility · Arizona utility, in one of the fastest-growing US regions | |
| 21 | AES | AES Corporation United States · score 3.0 | 1% | 11 bn | 13 bn | 14.3% | -1.7 bn | -16.1% | 4.7% | Power generation and distribution in several countries · Power generation in several countries, with a fast shift to renewables | |
| 22 | OGE | OGE ENERGY CORP. United States · score 4.3 | 1% | 9.7 bn | 3.2 bn | 14.4% | 0.3 bn | 2.8% | 3.6% | Electric utility holding company in Oklahoma and Arkansas · Oklahoma — revenue of $3.2bn | |
| 23 | IDA | IDACORP INC United States · score 1.2 | 1% | 7.9 bn | 1.7 bn | 19.5% | -1.0 bn | -12.4% | 2.5% | Idaho electric utility holding company · Idaho — revenue of $1.7bn | |
| 24 | TXNM | TXNM ENERGY INC United States · score 1.2 | 1% | 6.0 bn | 2.2 bn | 7.6% | -0.5 bn | -8.3% | 3.0% | Electric utilities in New Mexico and Texas, serving 842,000 customers · New Mexico — revenue of $2.2bn | |
| 25 | POR | PORTLAND GENERAL ELECTRIC CO /OR/ United States · score 1.9 | 1% | 5.1 bn | 3.5 bn | 7.3% | -0.2 bn | -3.7% | 4.6% | Vertically integrated electric utility in Oregon · Oregon — revenue of $3.5bn | |
| 26 | OTTR | Otter Tail Corp United States · score 2.8 | 0% | 3.7 bn | 1.3 bn | 14.9% | -0.1 bn | -2.1% | 2.5% | Holding company in electric utility, manufacturing and plastic pipe · Minnesota — revenue of $1.3bn | |
| 27 | HE | HAWAIIAN ELECTRIC INDUSTRIES INC United States · score 1.5 | 0% | 1.5 bn | 3.3 bn | 6.9% | -0.6 bn | -38.9% | — | Electricity for 95% of Hawaii's population, across five grids · Hawaii — revenue of $3.3bn |
Other industries in the same sector
- Sector overview
- Multi-utilities 13 companies
- Nuclear and data-center power 7 companies
- Gas and multi-utilities 11 companies
- Water utilities 14 companies
- Hydrogen and fuel cells 4 companies
- Canadian utilities 4 companies
- Solar manufacturing 16 companies
- Latin American electric utilities 6 companies
- Renewables (contracted generation) 16 companies
- Small modular reactors (SMR) 9 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.