Independent Power Producers
Compare Stocks
5 / 10Stock Comparison
NRG vs EXC vs DUK vs SO vs D
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
Regulated Electric
Regulated Electric
Regulated Electric
NRG vs EXC vs DUK vs SO vs D — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Independent Power Producers | Regulated Electric | Regulated Electric | Regulated Electric | Regulated Electric |
| Market Cap | $30.41B | $45.43B | $97.33B | $104.20B | $54.15B |
| Revenue (TTM) | $32.38B | $24.79B | $33.29B | $30.17B | $17.45B |
| Net Income (TTM) | $239M | $2.78B | $5.14B | $4.36B | $2.35B |
| Gross Margin | 14.5% | 29.5% | 58.4% | 43.1% | 34.6% |
| Operating Margin | 3.2% | 21.0% | 27.0% | 24.1% | 26.3% |
| Forward P/E | 15.5x | 15.6x | 18.6x | 20.2x | 17.2x |
| Total Debt | $16.77B | $50.55B | $90.87B | $65.82B | $48.94B |
| Cash & Equiv. | $4.74B | $1.15B | $245M | $1.64B | $250M |
NRG vs EXC vs DUK vs SO vs D — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NRG Energy, Inc. (NRG) | 100 | 393.1 | +293.1% |
| Exelon Corporation (EXC) | 100 | 162.6 | +62.6% |
| Duke Energy Corpora… (DUK) | 100 | 145.8 | +45.8% |
| The Southern Company (SO) | 100 | 162.0 | +62.0% |
| Dominion Energy, In… (D) | 100 | 72.5 | -27.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NRG vs EXC vs DUK vs SO vs D
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NRG carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 8.7% 10Y total return vs SO's 137.8%
- Lower P/E (15.5x vs 17.2x)
- 1.5% yield, 8-year raise streak, vs D's 4.3%
- +21.0% vs EXC's -0.7%
Among these 5 stocks, EXC doesn't own a clear edge in any measured category.
DUK ranks third and is worth considering specifically for valuation efficiency.
- PEG 0.63 vs SO's 3.45
- 15.4% margin vs NRG's 0.7%
SO is the clearest fit if your priority is efficiency.
- 2.8% ROA vs NRG's 0.8%, ROIC 5.3% vs 10.6%
D is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 0 yrs, beta 0.03, yield 4.3%
- Rev growth 14.2%, EPS growth 41.4%, 3Y rev CAGR 5.8%
- Lower volatility, beta 0.03, current ratio 0.77x
- Beta 0.03, yield 4.3%, current ratio 0.77x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.2% revenue growth vs EXC's 5.3% | |
| Value | Lower P/E (15.5x vs 17.2x) | |
| Quality / Margins | 15.4% margin vs NRG's 0.7% | |
| Stability / Safety | Beta 0.03 vs NRG's 1.84, lower leverage | |
| Dividends | 1.5% yield, 8-year raise streak, vs D's 4.3% | |
| Momentum (1Y) | +21.0% vs EXC's -0.7% | |
| Efficiency (ROA) | 2.8% ROA vs NRG's 0.8%, ROIC 5.3% vs 10.6% |
NRG vs EXC vs DUK vs SO vs D — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NRG vs EXC vs DUK vs SO vs D — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DUK leads in 2 of 6 categories
NRG leads 2 • EXC leads 1 • SO leads 0 • D leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
DUK leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DUK is the larger business by revenue, generating $33.3B annually — 1.9x D's $17.4B. DUK is the more profitable business, keeping 15.4% of every revenue dollar as net income compared to NRG's 0.7%. On growth, D holds the edge at +23.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $32.4B | $24.8B | $33.3B | $30.2B | $17.4B |
| EBITDAEarnings before interest/tax | $3.1B | $8.9B | $15.3B | $13.3B | $6.9B |
| Net IncomeAfter-tax profit | $239M | $2.8B | $5.1B | $4.4B | $2.4B |
| Free Cash FlowCash after capex | -$7.7B | -$2.2B | $6.6B | -$3.8B | -$4.4B |
| Gross MarginGross profit ÷ Revenue | +14.5% | +29.5% | +58.4% | +43.1% | +34.6% |
| Operating MarginEBIT ÷ Revenue | +3.2% | +21.0% | +27.0% | +24.1% | +26.3% |
| Net MarginNet income ÷ Revenue | +0.7% | +11.2% | +15.4% | +14.5% | +13.5% |
| FCF MarginFCF ÷ Revenue | -23.7% | -8.7% | +19.8% | -12.7% | -25.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.5% | +7.9% | +11.3% | +8.0% | +23.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -85.6% | 0.0% | +11.9% | -0.8% | -100.0% |
Valuation Metrics
EXC leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 16.2x trailing earnings, EXC trades at a 54% valuation discount to NRG's 35.3x P/E. Adjusting for growth (PEG ratio), DUK offers better value at 0.67x vs SO's 4.03x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $30.4B | $45.4B | $97.3B | $104.2B | $54.2B |
| Enterprise ValueMkt cap + debt − cash | $42.4B | $94.8B | $188.0B | $168.4B | $102.8B |
| Trailing P/EPrice ÷ TTM EPS | 35.34x | 16.21x | 19.79x | 23.58x | 17.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.46x | 15.57x | 18.64x | 20.21x | 17.18x |
| PEG RatioP/E ÷ EPS growth rate | 2.50x | 2.54x | 0.67x | 4.03x | — |
| EV / EBITDAEnterprise value multiple | 11.15x | 10.79x | 12.61x | 12.66x | 15.12x |
| Price / SalesMarket cap ÷ Revenue | 0.99x | 1.87x | 3.02x | 3.53x | 3.28x |
| Price / BookPrice ÷ Book value/share | 16.78x | 1.56x | 1.83x | 2.64x | 1.58x |
| Price / FCFMarket cap ÷ FCF | 39.70x | — | — | — | — |
Profitability & Efficiency
NRG leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
SO delivers a 11.3% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $7 for D. D carries lower financial leverage with a 1.46x debt-to-equity ratio, signaling a more conservative balance sheet compared to NRG's 9.97x. On the Piotroski fundamental quality scale (0–9), D scores 7/9 vs SO's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.8% | +9.8% | +9.6% | +11.3% | +7.1% |
| ROA (TTM)Return on assets | +0.8% | +2.4% | +2.6% | +2.8% | +2.8% |
| ROICReturn on invested capital | +10.6% | +5.1% | +4.6% | +5.3% | +4.3% |
| ROCEReturn on capital employed | +10.2% | +5.0% | +5.0% | +5.4% | +4.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 5 | 5 | 7 |
| Debt / EquityFinancial leverage | 9.97x | 1.76x | 1.71x | 1.69x | 1.46x |
| Net DebtTotal debt minus cash | $12.0B | $49.4B | $90.6B | $64.2B | $48.7B |
| Cash & Equiv.Liquid assets | $4.7B | $1.2B | $245M | $1.6B | $250M |
| Total DebtShort + long-term debt | $16.8B | $50.6B | $90.9B | $65.8B | $48.9B |
| Interest CoverageEBIT ÷ Interest expense | 2.40x | 2.42x | 2.57x | 2.51x | 2.79x |
Total Returns (Dividends Reinvested)
NRG leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NRG five years ago would be worth $43,048 today (with dividends reinvested), compared to $9,541 for D. Over the past 12 months, NRG leads with a +21.0% total return vs EXC's -0.7%. The 3-year compound annual growth rate (CAGR) favors NRG at 67.4% vs EXC's 4.7% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -14.1% | +2.1% | +7.2% | +6.9% | +5.1% |
| 1-Year ReturnPast 12 months | +21.0% | -0.7% | +5.3% | +3.6% | +16.6% |
| 3-Year ReturnCumulative with dividends | +369.0% | +14.6% | +38.9% | +35.5% | +23.2% |
| 5-Year ReturnCumulative with dividends | +330.5% | +61.8% | +44.0% | +60.6% | -4.6% |
| 10-Year ReturnCumulative with dividends | +870.6% | +125.0% | +104.1% | +137.8% | +27.4% |
| CAGR (3Y)Annualised 3-year return | +67.4% | +4.7% | +11.6% | +10.7% | +7.2% |
Risk & Volatility
DUK leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DUK is the less volatile stock with a -0.24 beta — it tends to amplify market swings less than NRG's 1.84 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DUK currently trades 92.8% from its 52-week high vs NRG's 74.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.84x | -0.14x | -0.24x | -0.15x | 0.03x |
| 52-Week HighHighest price in past year | $189.96 | $50.65 | $134.49 | $100.84 | $67.50 |
| 52-Week LowLowest price in past year | $115.48 | $41.71 | $111.22 | $83.09 | $52.53 |
| % of 52W HighCurrent price vs 52-week peak | +74.6% | +87.7% | +92.8% | +91.7% | +91.3% |
| RSI (14)Momentum oscillator 0–100 | 44.4 | 33.7 | 40.7 | 43.5 | 44.3 |
| Avg Volume (50D)Average daily shares traded | 2.8M | 8.3M | 3.5M | 4.5M | 4.2M |
Analyst Outlook
Evenly matched — NRG and D each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NRG as "Buy", EXC as "Hold", DUK as "Hold", SO as "Hold", D as "Hold". Consensus price targets imply 36.9% upside for NRG (target: $194) vs 7.5% for D (target: $66). For income investors, D offers the higher dividend yield at 4.32% vs NRG's 1.46%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $194.00 | $49.18 | $135.44 | $99.62 | $66.25 |
| # AnalystsCovering analysts | 26 | 35 | 31 | 33 | 31 |
| Dividend YieldAnnual dividend ÷ price | +1.5% | +3.6% | +3.4% | +2.9% | +4.3% |
| Dividend StreakConsecutive years of raises | 8 | 1 | 1 | 1 | 0 |
| Dividend / ShareAnnual DPS | $2.07 | $1.60 | $4.25 | $2.72 | $2.66 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.6% | 0.0% | 0.0% | 0.0% | 0.0% |
DUK leads in 2 of 6 categories (Income & Cash Flow, Risk & Volatility). NRG leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
NRG vs EXC vs DUK vs SO vs D: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NRG or EXC or DUK or SO or D a better buy right now?
For growth investors, Dominion Energy, Inc.
(D) is the stronger pick with 14. 2% revenue growth year-over-year, versus 5. 3% for Exelon Corporation (EXC). Exelon Corporation (EXC) offers the better valuation at 16. 2x trailing P/E (15. 6x forward), making it the more compelling value choice. Analysts rate NRG Energy, Inc. (NRG) a "Buy" — based on 26 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 — NRG or EXC or DUK or SO or D?
On trailing P/E, Exelon Corporation (EXC) is the cheapest at 16.
2x versus NRG Energy, Inc. at 35. 3x. On forward P/E, NRG Energy, Inc. is actually cheaper at 15. 5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Duke Energy Corporation wins at 0. 63x versus The Southern Company's 3. 45x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NRG or EXC or DUK or SO or D?
Over the past 5 years, NRG Energy, Inc.
(NRG) delivered a total return of +330. 5%, compared to -4. 6% for Dominion Energy, Inc. (D). Over 10 years, the gap is even starker: NRG returned +870. 6% versus D's +27. 4%. 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 — NRG or EXC or DUK or SO or D?
By beta (market sensitivity over 5 years), Duke Energy Corporation (DUK) is the lower-risk stock at -0.
24β versus NRG Energy, Inc. 's 1. 84β — meaning NRG is approximately -855% more volatile than DUK relative to the S&P 500. On balance sheet safety, Dominion Energy, Inc. (D) carries a lower debt/equity ratio of 146% versus 10% for NRG Energy, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — NRG or EXC or DUK or SO or D?
By revenue growth (latest reported year), Dominion Energy, Inc.
(D) is pulling ahead at 14. 2% versus 5. 3% for Exelon Corporation (EXC). On earnings-per-share growth, the picture is similar: Dominion Energy, Inc. grew EPS 41. 4% year-over-year, compared to -19. 6% for NRG Energy, Inc.. Over a 3-year CAGR, EXC leads at 8. 3% 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 — NRG or EXC or DUK or SO or D?
Dominion Energy, Inc.
(D) is the more profitable company, earning 18. 2% net margin versus 2. 8% for NRG Energy, Inc. — meaning it keeps 18. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: D leads at 26. 7% versus 6. 0% for NRG. At the gross margin level — before operating expenses — D leads at 49. 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.
07Is NRG or EXC or DUK or SO or D 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, Duke Energy Corporation (DUK) is the more undervalued stock at a PEG of 0. 63x versus The Southern Company's 3. 45x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, NRG Energy, Inc. (NRG) trades at 15. 5x forward P/E versus 20. 2x for The Southern Company — 4. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NRG: 36. 9% to $194. 00.
08Which pays a better dividend — NRG or EXC or DUK or SO or D?
All stocks in this comparison pay dividends.
Dominion Energy, Inc. (D) offers the highest yield at 4. 3%, versus 1. 5% for NRG Energy, Inc. (NRG).
09Is NRG or EXC or DUK or SO or D better for a retirement portfolio?
For long-horizon retirement investors, Duke Energy Corporation (DUK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
24), 3. 4% yield, +104. 1% 10Y return). NRG Energy, Inc. (NRG) carries a higher beta of 1. 84 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (DUK: +104. 1%, NRG: +870. 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 NRG and EXC and DUK and SO and D?
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: NRG is a mid-cap quality compounder stock; EXC is a mid-cap deep-value stock; DUK is a mid-cap income-oriented stock; SO is a mid-cap quality compounder stock; D 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.