Comprehensive Stock Comparison
Compare Consolidated Edison, Inc. (ED) vs Public Service Enterprise Group Incorporated (PEG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | PEG | 18.3% revenue growth vs ED's 10.9% |
| Value | ED | Lower P/E (18.5x vs 19.6x) |
| Quality / Margins | PEG | 17.3% net margin vs ED's 12.3% |
| Stability / Safety | ED | Lower D/E ratio (1.3% vs 141.8%) |
| Dividends | ED | 2.8% yield, vs PEG's 2.2% |
| Momentum (1Y) | ED | +14.2% vs PEG's +9.2% |
| Efficiency (ROA) | PEG | 19.9% ROA vs ED's 2.8%, ROIC 5.6% vs 6.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Consolidated Edison is a regulated utility that provides essential electric, gas, and steam services to millions of customers in New York City and surrounding areas. It generates nearly all its revenue from regulated utility operations — primarily electricity distribution (about 60% of revenue) and gas distribution (about 30%) — with returns determined by state regulators. Its key advantage is its monopoly franchise status in densely populated, economically vital territories where infrastructure barriers to entry are prohibitive.
Public Service Enterprise Group is a regulated utility holding company operating primarily in the Northeastern and Mid-Atlantic United States. It generates revenue through its two main segments: PSE&G (regulated electric and gas distribution, ~70% of earnings) and PSEG Power (competitive power generation and wholesale energy marketing, ~30%). The company's primary moat comes from its regulated utility operations which provide stable, predictable returns through government-approved rate structures.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
ED leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). PEG leads in 1 (Financial Metrics). 1 tied.
Financial Metrics (TTM)
ED and PEG operate at a comparable scale, with $16.6B and $12.2B in trailing revenue. PEG is the more profitable business, keeping 17.3% of every revenue dollar as net income compared to ED's 12.3%. On growth, PEG holds the edge at +18.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| RevenueTrailing 12 months | $16.6B | $12.2B |
| EBITDAEarnings before interest/tax | $5.2B | $4.3B |
| Net IncomeAfter-tax profit | $2.0B | $2.1B |
| Free Cash FlowCash after capex | $3.4B | $1.0B |
| Gross MarginGross profit ÷ Revenue | +64.4% | +69.0% |
| Operating MarginEBIT ÷ Revenue | +17.8% | +24.5% |
| Net MarginNet income ÷ Revenue | +12.3% | +17.3% |
| FCF MarginFCF ÷ Revenue | +20.4% | +8.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.7% | +18.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +12.4% | -100.0% |
Valuation Metrics
On an enterprise value basis, ED's 5.1x EV/EBITDA is more attractive than PEG's 15.8x.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| Market CapShares × price | $26.5B | $42.9B |
| Enterprise ValueMkt cap + debt − cash | $26.8B | $66.8B |
| Trailing P/EPrice ÷ TTM EPS | 19.95x | — |
| Forward P/EPrice ÷ next-FY EPS est. | 18.45x | 19.58x |
| PEG RatioP/E ÷ EPS growth rate | 1.74x | — |
| EV / EBITDAEnterprise value multiple | 5.10x | 15.77x |
| Price / SalesMarket cap ÷ Revenue | 1.57x | 3.52x |
| Price / BookPrice ÷ Book value/share | 1.67x | 2.52x |
| Price / FCFMarket cap ÷ FCF | 5.85x | 18.60x |
Profitability & Efficiency
PEG delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $8 for ED. ED carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to PEG's 1.42x.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| ROE (TTM)Return on equity | +8.4% | +12.4% |
| ROA (TTM)Return on assets | +2.8% | +19.9% |
| ROICReturn on invested capital | +6.0% | +5.6% |
| ROCEReturn on capital employed | +6.6% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.01x | 1.42x |
| Net DebtTotal debt minus cash | $314M | $24.0B |
| Cash & Equiv.Liquid assets | $1M | $106M |
| Total DebtShort + long-term debt | $315M | $24.1B |
| Interest CoverageEBIT ÷ Interest expense | 0.77x | — |
Total Returns (with DRIP)
A $10,000 investment in ED five years ago would be worth $19,220 today (with dividends reinvested), compared to $17,693 for PEG. Over the past 12 months, ED leads with a +14.2% total return vs PEG's +9.2%. The 3-year compound annual growth rate (CAGR) favors PEG at 15.6% vs ED's 11.1% — a key indicator of consistent wealth creation.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| YTD ReturnYear-to-date | +13.4% | +6.3% |
| 1-Year ReturnPast 12 months | +14.2% | +9.2% |
| 3-Year ReturnCumulative with dividends | +37.2% | +54.3% |
| 5-Year ReturnCumulative with dividends | +92.2% | +76.9% |
| 10-Year ReturnCumulative with dividends | +104.7% | +149.6% |
| CAGR (3Y)Annualised 3-year return | +11.1% | +15.6% |
Risk & Volatility
ED is the less volatile stock with a -0.20 beta — it tends to amplify market swings less than PEG's 0.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ED currently trades 97.8% from its 52-week high vs PEG's 94.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.20x | 0.44x |
| 52-Week HighHighest price in past year | $115.09 | $91.26 |
| 52-Week LowLowest price in past year | $94.96 | $74.67 |
| % of 52W HighCurrent price vs 52-week peak | +97.8% | +94.3% |
| RSI (14)Momentum oscillator 0–100 | 58.0 | 61.9 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 2.4M |
Analyst Outlook
Wall Street rates ED as "Hold" and PEG as "Buy". Consensus price targets imply 3.2% upside for PEG (target: $89) vs -5.1% for ED (target: $107). For income investors, ED offers the higher dividend yield at 2.81% vs PEG's 2.20%.
| Metric | EDConsolidated Edis… | PEGPublic Service En… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $106.80 | $88.80 |
| # AnalystsCovering analysts | 27 | 32 |
| Dividend YieldAnnual dividend ÷ price | +2.8% | +2.2% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $3.16 | $1.89 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Consolidated Edison… (ED) | 100 | 124.71 | +24.7% |
| Public Service Ente… (PEG) | 100 | 149.53 | +49.5% |
Consolidated Edison… (ED) returned +92% over 5 years vs Public Service Ente… (PEG)'s +77%. A $10,000 investment in ED 5 years ago would be worth $19,220 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Consolidated Edison… (ED) | $12.1B | $16.9B | +40.2% |
| Public Service Ente… (PEG) | $9.1B | $12.2B | +34.3% |
Consolidated Edison, Inc.'s revenue grew from $12.1B (2016) to $16.9B (2025) — a 3.8% CAGR. Public Service Enterprise Group Incorporated's revenue grew from $9.1B (2016) to $12.2B (2025) — a 3.3% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Consolidated Edison… (ED) | 10.3% | 12.0% | +15.9% |
| Public Service Ente… (PEG) | 9.8% | 17.3% | +77.2% |
Consolidated Edison, Inc.'s net margin went from 10% (2016) to 12% (2025). Public Service Enterprise Group Incorporated's net margin went from 10% (2016) to 17% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Consolidated Edison… (ED) | 17.2 | 17.6 | +2.3% |
| Public Service Ente… (PEG) | 16.6 | 23.9 | +44.0% |
Consolidated Edison, Inc. has traded in a 13x–22x P/E range over 9 years; current trailing P/E is ~20x. Public Service Enterprise Group Incorporated has traded in a 12x–30x P/E range over 7 years; current trailing P/E is ~24x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Consolidated Edison… (ED) | 4.12 | 5.64 | +36.9% |
| Public Service Ente… (PEG) | 1.75 | 0 | -100.0% |
Consolidated Edison, Inc.'s EPS grew from $4.12 (2016) to $5.64 (2025) — a 4% CAGR. Public Service Enterprise Group Incorporated's EPS grew from $1.75 (2016) to $0.00 (2025) — a -100% CAGR.
Chart 6Free Cash Flow — 5 Years
Consolidated Edison, Inc. generated $5B FCF in 2025 (+471% vs 2021). Public Service Enterprise Group Incorporated generated $2B FCF in 2025 (+334% vs 2021).
ED vs PEG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ED or PEG a better buy right now?
Consolidated Edison, Inc. (ED) offers the better valuation at 20.0x trailing P/E (18.5x forward), making it the more compelling value choice. Analysts rate Public Service Enterprise Group Incorporated (PEG) a "Buy" — based on 32 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ED or PEG?
On forward P/E, Consolidated Edison, Inc. is actually cheaper at 18.5x.
03Which is the better long-term investment — ED or PEG?
Over the past 5 years, Consolidated Edison, Inc. (ED) delivered a total return of +92.2%, compared to +76.9% for Public Service Enterprise Group Incorporated (PEG). A $10,000 investment in ED five years ago would be worth approximately $19K today (assuming dividends reinvested). Over 10 years, the gap is even starker: PEG returned +149.6% versus ED's +104.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ED or PEG?
By beta (market sensitivity over 5 years), Consolidated Edison, Inc. (ED) is the lower-risk stock at -0.20β versus Public Service Enterprise Group Incorporated's 0.44β — meaning PEG is approximately -319% more volatile than ED relative to the S&P 500. On balance sheet safety, Consolidated Edison, Inc. (ED) carries a lower debt/equity ratio of 1% versus 142% for Public Service Enterprise Group Incorporated — giving it more financial flexibility in a downturn.
05Which has better profit margins — ED or PEG?
Public Service Enterprise Group Incorporated (PEG) is the more profitable company, earning 17.3% net margin versus 12.0% for Consolidated Edison, Inc. — meaning it keeps 17.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PEG leads at 24.5% versus 17.3% for ED. At the gross margin level — before operating expenses — ED leads at 81.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is ED or PEG more undervalued right now?
On forward earnings alone, Consolidated Edison, Inc. (ED) trades at 18.5x forward P/E versus 19.6x for Public Service Enterprise Group Incorporated — 1.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PEG: 3.2% to $88.80.
07Which pays a better dividend — ED or PEG?
All stocks in this comparison pay dividends. Consolidated Edison, Inc. (ED) offers the highest yield at 2.8%, versus 2.2% for Public Service Enterprise Group Incorporated (PEG).
08Is ED or PEG better for a retirement portfolio?
For long-horizon retirement investors, Consolidated Edison, Inc. (ED) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.20), 2.8% yield, +104.7% 10Y return). Both have compounded well over 10 years (ED: +104.7%, PEG: +149.6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between ED and PEG?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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