Regulated Electric
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EMA vs EVRG vs WEC vs AES
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
Regulated Electric
Diversified Utilities
EMA vs EVRG vs WEC vs AES — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Regulated Electric | Regulated Electric | Regulated Electric | Diversified Utilities |
| Market Cap | $15.75B | $19.05B | $36.74B | $10.18B |
| Revenue (TTM) | $8.79B | $5.99B | $10.08B | $12.49B |
| Net Income (TTM) | $1.09B | $882M | $1.64B | $1.05B |
| Gross Margin | 39.1% | 41.5% | 55.7% | 14.2% |
| Operating Margin | 21.8% | 25.4% | 24.0% | 11.8% |
| Forward P/E | 19.6x | 19.5x | 20.2x | 6.2x |
| Total Debt | $21.62B | $15.44B | $22.31B | $30.33B |
| Cash & Equiv. | $365M | $25M | $28M | $2.07B |
EMA vs EVRG vs WEC vs AES — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Emera Incorporated (EMA) | 100 | 132.1 | +32.1% |
| Evergy, Inc. (EVRG) | 100 | 134.1 | +34.1% |
| WEC Energy Group, I… (WEC) | 100 | 122.9 | +22.9% |
| The AES Corporation (AES) | 100 | 114.3 | +14.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EMA vs EVRG vs WEC vs AES
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EMA is the clearest fit if your priority is growth exposure.
- Rev growth 15.3%, EPS growth 97.7%, 3Y rev CAGR 3.0%
- 15.3% revenue growth vs AES's -0.4%
EVRG is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 6 yrs, beta 0.06, yield 3.2%
- Lower volatility, beta 0.06, current ratio 0.49x
- Beta 0.06 vs AES's 1.01, lower leverage
WEC carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 133.1% 10Y total return vs EMA's 102.1%
- 16.2% margin vs AES's 8.4%
- 3.1% yield, 23-year raise streak, vs AES's 4.9%
- 3.3% ROA vs AES's 2.1%, ROIC 5.1% vs 3.9%
AES is the #2 pick in this set and the best alternative if valuation efficiency and defensive is your priority.
- PEG 0.08 vs WEC's 4.06
- Beta 1.01, yield 4.9%, current ratio 0.77x
- Lower P/E (6.2x vs 20.2x), PEG 0.08 vs 4.06
- +45.5% vs WEC's +6.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 15.3% revenue growth vs AES's -0.4% | |
| Value | Lower P/E (6.2x vs 20.2x), PEG 0.08 vs 4.06 | |
| Quality / Margins | 16.2% margin vs AES's 8.4% | |
| Stability / Safety | Beta 0.06 vs AES's 1.01, lower leverage | |
| Dividends | 3.1% yield, 23-year raise streak, vs AES's 4.9% | |
| Momentum (1Y) | +45.5% vs WEC's +6.2% | |
| Efficiency (ROA) | 3.3% ROA vs AES's 2.1%, ROIC 5.1% vs 3.9% |
EMA vs EVRG vs WEC vs AES — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EMA vs EVRG vs WEC vs AES — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
WEC leads in 2 of 6 categories
AES leads 1 • EVRG leads 1 • EMA leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
WEC leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AES is the larger business by revenue, generating $12.5B annually — 2.1x EVRG's $6.0B. WEC is the more profitable business, keeping 16.2% of every revenue dollar as net income compared to AES's 8.4%. On growth, EMA holds the edge at +14.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $8.8B | $6.0B | $10.1B | $12.5B |
| EBITDAEarnings before interest/tax | $3.2B | $2.7B | $3.9B | $2.6B |
| Net IncomeAfter-tax profit | $1.1B | $882M | $1.6B | $1.1B |
| Free Cash FlowCash after capex | -$1.7B | -$1.1B | -$1.1B | -$1.5B |
| Gross MarginGross profit ÷ Revenue | +39.1% | +41.5% | +55.7% | +14.2% |
| Operating MarginEBIT ÷ Revenue | +21.8% | +25.4% | +24.0% | +11.8% |
| Net MarginNet income ÷ Revenue | +12.4% | +14.7% | +16.2% | +8.4% |
| FCF MarginFCF ÷ Revenue | -19.7% | -18.3% | -11.0% | -11.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.4% | +5.5% | +9.0% | +8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -57.7% | +18.5% | +7.9% | -100.0% |
Valuation Metrics
AES leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 11.3x trailing earnings, AES trades at a 51% valuation discount to WEC's 23.3x P/E. Adjusting for growth (PEG ratio), AES offers better value at 0.14x vs WEC's 4.70x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $15.7B | $19.1B | $36.7B | $10.2B |
| Enterprise ValueMkt cap + debt − cash | $31.3B | $34.5B | $59.0B | $38.4B |
| Trailing P/EPrice ÷ TTM EPS | 21.07x | 22.60x | 23.35x | 11.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.56x | 19.52x | 20.15x | 6.16x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.70x | 4.70x | 0.14x |
| EV / EBITDAEnterprise value multiple | 14.99x | 12.72x | 15.32x | 11.22x |
| Price / SalesMarket cap ÷ Revenue | 2.59x | 3.22x | 3.75x | 0.83x |
| Price / BookPrice ÷ Book value/share | 1.59x | 1.88x | 2.63x | 0.85x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
WEC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
WEC delivers a 11.6% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $8 for EMA. EVRG carries lower financial leverage with a 1.50x debt-to-equity ratio, signaling a more conservative balance sheet compared to AES's 2.54x. On the Piotroski fundamental quality scale (0–9), EMA scores 5/9 vs EVRG's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.1% | +8.6% | +11.6% | +10.7% |
| ROA (TTM)Return on assets | +2.4% | +2.6% | +3.3% | +2.1% |
| ROICReturn on invested capital | +3.5% | +4.5% | +5.1% | +3.9% |
| ROCEReturn on capital employed | +4.1% | +4.9% | +5.4% | +4.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.62x | 1.50x | 1.59x | 2.54x |
| Net DebtTotal debt minus cash | $21.3B | $15.4B | $22.3B | $28.3B |
| Cash & Equiv.Liquid assets | $365M | $25M | $28M | $2.1B |
| Total DebtShort + long-term debt | $21.6B | $15.4B | $22.3B | $30.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.50x | 2.46x | 2.87x | 1.05x |
Total Returns (Dividends Reinvested)
EVRG leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EVRG five years ago would be worth $14,912 today (with dividends reinvested), compared to $6,833 for AES. Over the past 12 months, AES leads with a +45.5% total return vs WEC's +6.2%. The 3-year compound annual growth rate (CAGR) favors EVRG at 13.4% vs AES's -9.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.2% | +14.2% | +6.8% | -1.3% |
| 1-Year ReturnPast 12 months | +21.9% | +22.7% | +6.2% | +45.5% |
| 3-Year ReturnCumulative with dividends | +34.0% | +46.0% | +29.4% | -24.7% |
| 5-Year ReturnCumulative with dividends | +36.4% | +49.1% | +31.8% | -31.7% |
| 10-Year ReturnCumulative with dividends | +102.1% | +100.7% | +133.1% | +81.6% |
| CAGR (3Y)Annualised 3-year return | +10.2% | +13.4% | +9.0% | -9.0% |
Risk & Volatility
Evenly matched — EMA and EVRG each lead in 1 of 2 comparable metrics.
Risk & Volatility
EMA is the less volatile stock with a -0.25 beta — it tends to amplify market swings less than AES's 1.01 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EVRG currently trades 97.0% from its 52-week high vs AES's 80.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.25x | 0.06x | -0.03x | 1.01x |
| 52-Week HighHighest price in past year | $54.06 | $85.27 | $119.62 | $17.65 |
| 52-Week LowLowest price in past year | $41.90 | $63.29 | $100.61 | $9.46 |
| % of 52W HighCurrent price vs 52-week peak | +96.5% | +97.0% | +94.3% | +80.9% |
| RSI (14)Momentum oscillator 0–100 | 48.3 | 45.8 | 44.5 | 44.6 |
| Avg Volume (50D)Average daily shares traded | 251K | 1.8M | 1.8M | 13.9M |
Analyst Outlook
Evenly matched — WEC and AES each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: EMA as "Hold", EVRG as "Hold", WEC as "Hold", AES as "Hold". Consensus price targets imply 27.8% upside for AES (target: $18) vs 1.6% for EMA (target: $53). For income investors, AES offers the higher dividend yield at 4.93% vs EMA's 2.70%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $53.00 | $89.00 | $122.78 | $18.25 |
| # AnalystsCovering analysts | 1 | 18 | 34 | 21 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +3.2% | +3.1% | +4.9% |
| Dividend StreakConsecutive years of raises | 10 | 6 | 23 | 2 |
| Dividend / ShareAnnual DPS | $1.92 | $2.62 | $3.50 | $0.70 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.0% | 0.0% |
WEC leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). AES leads in 1 (Valuation Metrics). 2 tied.
EMA vs EVRG vs WEC vs AES: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is EMA or EVRG or WEC or AES a better buy right now?
For growth investors, Emera Incorporated (EMA) is the stronger pick with 15.
3% revenue growth year-over-year, versus -0. 4% for The AES Corporation (AES). The AES Corporation (AES) offers the better valuation at 11. 3x trailing P/E (6. 2x forward), making it the more compelling value choice. Analysts rate Emera Incorporated (EMA) a "Hold" — based on 1 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 — EMA or EVRG or WEC or AES?
On trailing P/E, The AES Corporation (AES) is the cheapest at 11.
3x versus WEC Energy Group, Inc. at 23. 3x. On forward P/E, The AES Corporation is actually cheaper at 6. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The AES Corporation wins at 0. 08x versus WEC Energy Group, Inc. 's 4. 06x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — EMA or EVRG or WEC or AES?
Over the past 5 years, Evergy, Inc.
(EVRG) delivered a total return of +49. 1%, compared to -31. 7% for The AES Corporation (AES). Over 10 years, the gap is even starker: WEC returned +133. 1% versus AES's +81. 6%. 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 — EMA or EVRG or WEC or AES?
By beta (market sensitivity over 5 years), Emera Incorporated (EMA) is the lower-risk stock at -0.
25β versus The AES Corporation's 1. 01β — meaning AES is approximately -506% more volatile than EMA relative to the S&P 500. On balance sheet safety, Evergy, Inc. (EVRG) carries a lower debt/equity ratio of 150% versus 3% for The AES Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — EMA or EVRG or WEC or AES?
By revenue growth (latest reported year), Emera Incorporated (EMA) is pulling ahead at 15.
3% versus -0. 4% for The AES Corporation (AES). On earnings-per-share growth, the picture is similar: Emera Incorporated grew EPS 97. 7% year-over-year, compared to -46. 6% for The AES Corporation. Over a 3-year CAGR, EMA leads at 3. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EMA or EVRG or WEC or AES?
WEC Energy Group, Inc.
(WEC) is the more profitable company, earning 15. 9% net margin versus 7. 8% for The AES Corporation — meaning it keeps 15. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EVRG leads at 25. 2% versus 16. 1% for AES. At the gross margin level — before operating expenses — WEC leads at 50. 5%, 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.
07Is EMA or EVRG or WEC or AES more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, The AES Corporation (AES) is the more undervalued stock at a PEG of 0. 08x versus WEC Energy Group, Inc. 's 4. 06x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, The AES Corporation (AES) trades at 6. 2x forward P/E versus 20. 2x for WEC Energy Group, Inc. — 14. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AES: 27. 8% to $18. 25.
08Which pays a better dividend — EMA or EVRG or WEC or AES?
All stocks in this comparison pay dividends.
The AES Corporation (AES) offers the highest yield at 4. 9%, versus 2. 7% for Emera Incorporated (EMA).
09Is EMA or EVRG or WEC or AES better for a retirement portfolio?
For long-horizon retirement investors, Emera Incorporated (EMA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
25), 2. 7% yield, +102. 1% 10Y return). Both have compounded well over 10 years (EMA: +102. 1%, AES: +81. 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.
10What are the main differences between EMA and EVRG and WEC and AES?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: EMA is a mid-cap high-growth stock; EVRG is a mid-cap income-oriented stock; WEC is a mid-cap income-oriented stock; AES is a mid-cap deep-value stock. 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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