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Stock Comparison

NWN vs NEE vs AEP vs DUK vs SO

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NWN
Northwest Natural Holding Company

Regulated Gas

UtilitiesNYSE • US
Market Cap$2.11B
5Y Perf.-21.3%
NEE
NextEra Energy, Inc.

Regulated Electric

UtilitiesNYSE • US
Market Cap$194.60B
5Y Perf.+45.7%
AEP
American Electric Power Company, Inc.

Regulated Electric

UtilitiesNASDAQ • US
Market Cap$71.69B
5Y Perf.+52.7%
DUK
Duke Energy Corporation

Regulated Electric

UtilitiesNYSE • US
Market Cap$97.33B
5Y Perf.+45.0%
SO
The Southern Company

Regulated Electric

UtilitiesNYSE • US
Market Cap$104.20B
5Y Perf.+60.9%

NWN vs NEE vs AEP vs DUK vs SO — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NWN logoNWN
NEE logoNEE
AEP logoAEP
DUK logoDUK
SO logoSO
IndustryRegulated GasRegulated ElectricRegulated ElectricRegulated ElectricRegulated Electric
Market Cap$2.11B$194.60B$71.69B$97.33B$104.20B
Revenue (TTM)$1.29B$27.93B$22.16B$33.29B$30.17B
Net Income (TTM)$123M$8.18B$3.65B$5.14B$4.36B
Gross Margin22.4%47.8%40.4%58.4%43.1%
Operating Margin26.9%29.5%23.5%27.0%24.1%
Forward P/E16.5x23.0x20.5x18.5x20.1x
Total Debt$2.76B$95.62B$50.24B$90.87B$65.82B
Cash & Equiv.$41M$2.81B$268M$245M$1.64B

NWN vs NEE vs AEP vs DUK vs SOLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NWN
NEE
AEP
DUK
SO
StockMay 20May 26Return
Northwest Natural H… (NWN)10078.7-21.3%
NextEra Energy, Inc. (NEE)100145.7+45.7%
American Electric P… (AEP)100152.7+52.7%
Duke Energy Corpora… (DUK)100145.0+45.0%
The Southern Company (SO)100160.9+60.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: NWN vs NEE vs AEP vs DUK vs SO

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: NWN and NEE are tied at the top with 3 categories each (5-stock set) — the right choice depends on your priorities. NextEra Energy, Inc. is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. AEP also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
NWN
Northwest Natural Holding Company
The Growth Play

NWN carries the broadest edge in this set and is the clearest fit for growth exposure and defensive.

  • Rev growth 11.8%, EPS growth 36.5%, 3Y rev CAGR 7.5%
  • Beta -0.05, yield 3.8%, current ratio 0.72x
  • 11.8% revenue growth vs DUK's 6.2%
  • Lower P/E (16.5x vs 20.1x)
Best for: growth exposure and defensive
NEE
NextEra Energy, Inc.
The Quality Compounder

NEE is the #2 pick in this set and the best alternative if quality and momentum is your priority.

  • 29.3% margin vs NWN's 9.6%
  • +42.0% vs SO's +3.6%
  • 3.9% ROA vs NWN's 2.0%, ROIC 4.1% vs 8.1%
Best for: quality and momentum
AEP
American Electric Power Company, Inc.
The Income Pick

AEP ranks third and is worth considering specifically for income & stability and long-term compounding.

  • Dividend streak 21 yrs, beta 0.01, yield 2.9%
  • 146.9% 10Y total return vs NEE's 266.0%
  • Lower volatility, beta 0.01, current ratio 0.45x
  • Beta 0.01 vs NEE's 0.21
Best for: income & stability and long-term compounding
DUK
Duke Energy Corporation
The Value Pick

DUK is the clearest fit if your priority is valuation efficiency.

  • PEG 0.62 vs NWN's 4.58
Best for: valuation efficiency
SO
The Southern Company
The Income Angle

Among these 5 stocks, SO doesn't own a clear edge in any measured category.

Best for: utilities exposure
See the full category breakdown
CategoryWinnerWhy
GrowthNWN logoNWN11.8% revenue growth vs DUK's 6.2%
ValueNWN logoNWNLower P/E (16.5x vs 20.1x)
Quality / MarginsNEE logoNEE29.3% margin vs NWN's 9.6%
Stability / SafetyAEP logoAEPBeta 0.01 vs NEE's 0.21
DividendsNWN logoNWN3.8% yield, 7-year raise streak, vs NEE's 2.4%
Momentum (1Y)NEE logoNEE+42.0% vs SO's +3.6%
Efficiency (ROA)NEE logoNEE3.9% ROA vs NWN's 2.0%, ROIC 4.1% vs 8.1%

NWN vs NEE vs AEP vs DUK vs SO — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NWNNorthwest Natural Holding Company
FY 2025
Alternative revenue
100.0%$62M
NEENextEra Energy, Inc.
FY 2025
Florida Power & Light Company
67.6%$18.3B
NEER Segment
32.4%$8.8B
AEPAmerican Electric Power Company, Inc.
FY 2025
Transmission And Distribution Companies
65.4%$6.1B
Generation And Marketing
28.9%$2.7B
Product and Service, Other
5.6%$526M
DUKDuke Energy Corporation
FY 2025
Other Revenues
100.0%$1.7B
SOThe Southern Company
FY 2025
Southern Company Gas
50.0%$5.0B
Gas Distribution Operations
43.9%$4.4B
Gas Marketing Services
5.8%$582M
Gas Pipeline Investments
0.3%$32M

NWN vs NEE vs AEP vs DUK vs SO — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLNWNLAGGINGSO

Income & Cash Flow (Last 12 Months)

Evenly matched — NEE and DUK each lead in 3 of 6 comparable metrics.

DUK is the larger business by revenue, generating $33.3B annually — 25.9x NWN's $1.3B. NEE is the more profitable business, keeping 29.3% of every revenue dollar as net income compared to NWN's 9.6%. On growth, DUK holds the edge at +11.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
RevenueTrailing 12 months$1.3B$27.9B$22.2B$33.3B$30.2B
EBITDAEarnings before interest/tax$496M$15.5B$8.8B$15.3B$13.3B
Net IncomeAfter-tax profit$123M$8.2B$3.7B$5.1B$4.4B
Free Cash FlowCash after capex-$333M-$3.8B$840M$6.6B-$3.8B
Gross MarginGross profit ÷ Revenue+22.4%+47.8%+40.4%+58.4%+43.1%
Operating MarginEBIT ÷ Revenue+26.9%+29.5%+23.5%+27.0%+24.1%
Net MarginNet income ÷ Revenue+9.6%+29.3%+16.5%+15.4%+14.5%
FCF MarginFCF ÷ Revenue-25.9%-13.6%+3.8%+19.8%-12.7%
Rev. Growth (YoY)Latest quarter vs prior year-0.8%+7.3%+6.8%+11.3%+8.0%
EPS Growth (YoY)Latest quarter vs prior year-100.0%+160.0%+6.7%+11.9%-0.8%
Evenly matched — NEE and DUK each lead in 3 of 6 comparable metrics.

Valuation Metrics

NWN leads this category, winning 5 of 6 comparable metrics.

At 18.1x trailing earnings, NWN trades at a 36% valuation discount to NEE's 28.4x P/E. Adjusting for growth (PEG ratio), DUK offers better value at 0.67x vs NWN's 5.01x — a lower PEG means you pay less per unit of expected earnings growth.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
Market CapShares × price$2.1B$194.6B$71.7B$97.3B$104.2B
Enterprise ValueMkt cap + debt − cash$4.8B$287.4B$121.7B$188.0B$168.4B
Trailing P/EPrice ÷ TTM EPS18.07x28.36x19.78x19.79x23.58x
Forward P/EPrice ÷ next-FY EPS est.16.54x23.02x20.51x18.53x20.06x
PEG RatioP/E ÷ EPS growth rate5.01x1.64x2.32x0.67x4.03x
EV / EBITDAEnterprise value multiple7.92x18.73x13.84x12.61x12.66x
Price / SalesMarket cap ÷ Revenue1.63x7.08x3.29x3.02x3.53x
Price / BookPrice ÷ Book value/share1.39x2.93x2.13x1.83x2.64x
Price / FCFMarket cap ÷ FCF
NWN leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

NWN leads this category, winning 4 of 9 comparable metrics.

NEE delivers a 12.7% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $8 for NWN. NEE carries lower financial leverage with a 1.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to NWN's 1.87x. On the Piotroski fundamental quality scale (0–9), AEP scores 7/9 vs SO's 5/9, reflecting strong financial health.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
ROE (TTM)Return on equity+8.3%+12.7%+11.5%+9.6%+11.3%
ROA (TTM)Return on assets+2.0%+3.9%+3.2%+2.6%+2.8%
ROICReturn on invested capital+8.1%+4.1%+5.1%+4.6%+5.3%
ROCEReturn on capital employed+8.1%+4.7%+5.5%+5.0%+5.4%
Piotroski ScoreFundamental quality 0–955755
Debt / EquityFinancial leverage1.87x1.44x1.56x1.71x1.69x
Net DebtTotal debt minus cash$2.7B$92.8B$50.0B$90.6B$64.2B
Cash & Equiv.Liquid assets$41M$2.8B$268M$245M$1.6B
Total DebtShort + long-term debt$2.8B$95.6B$50.2B$90.9B$65.8B
Interest CoverageEBIT ÷ Interest expense2.39x1.99x2.61x2.57x2.51x
NWN leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — NEE and AEP each lead in 3 of 6 comparable metrics.

A $10,000 investment in AEP five years ago would be worth $17,068 today (with dividends reinvested), compared to $10,855 for NWN. Over the past 12 months, NEE leads with a +42.0% total return vs SO's +3.6%. The 3-year compound annual growth rate (CAGR) favors AEP at 15.7% vs NWN's 6.2% — a key indicator of consistent wealth creation.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
YTD ReturnYear-to-date+9.2%+16.1%+14.6%+7.2%+6.9%
1-Year ReturnPast 12 months+18.4%+42.0%+26.1%+5.3%+3.6%
3-Year ReturnCumulative with dividends+19.6%+31.0%+54.7%+38.9%+35.5%
5-Year ReturnCumulative with dividends+8.5%+38.2%+70.7%+44.0%+60.6%
10-Year ReturnCumulative with dividends+22.0%+266.0%+146.9%+104.1%+137.8%
CAGR (3Y)Annualised 3-year return+6.2%+9.4%+15.7%+11.6%+10.7%
Evenly matched — NEE and AEP each lead in 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — NEE and DUK each lead in 1 of 2 comparable metrics.

DUK is the less volatile stock with a -0.24 beta — it tends to amplify market swings less than NEE's 0.21 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NEE currently trades 94.5% from its 52-week high vs NWN's 89.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
Beta (5Y)Sensitivity to S&P 500-0.12x0.19x-0.01x-0.24x-0.16x
52-Week HighHighest price in past year$55.99$98.75$139.44$134.49$100.84
52-Week LowLowest price in past year$39.10$63.88$97.46$111.22$83.09
% of 52W HighCurrent price vs 52-week peak+89.4%+94.5%+94.5%+92.8%+91.7%
RSI (14)Momentum oscillator 0–10023.454.346.540.743.5
Avg Volume (50D)Average daily shares traded258K8.7M2.9M3.5M4.5M
Evenly matched — NEE and DUK each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — NWN and NEE each lead in 1 of 2 comparable metrics.

Analyst consensus: NWN as "Hold", NEE as "Buy", AEP as "Buy", DUK as "Hold", SO as "Hold". Consensus price targets imply 13.9% upside for NWN (target: $57) vs 4.2% for AEP (target: $137). For income investors, NWN offers the higher dividend yield at 3.77% vs NEE's 2.40%.

MetricNWN logoNWNNorthwest Natural…NEE logoNEENextEra Energy, I…AEP logoAEPAmerican Electric…DUK logoDUKDuke Energy Corpo…SO logoSOThe Southern Comp…
Analyst RatingConsensus buy/hold/sellHoldBuyBuyHoldHold
Price TargetConsensus 12-month target$57.00$99.11$137.25$136.44$99.62
# AnalystsCovering analysts836353133
Dividend YieldAnnual dividend ÷ price+3.8%+2.4%+2.9%+3.4%+2.9%
Dividend StreakConsecutive years of raises7302111
Dividend / ShareAnnual DPS$1.89$2.24$3.86$4.25$2.72
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%0.0%
Evenly matched — NWN and NEE each lead in 1 of 2 comparable metrics.
Key Takeaway

NWN leads in 2 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 4 categories are tied.

Best OverallNorthwest Natural Holding C… (NWN)Leads 2 of 6 categories
Loading custom metrics...

NWN vs NEE vs AEP vs DUK vs SO: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NWN or NEE or AEP or DUK or SO a better buy right now?

For growth investors, Northwest Natural Holding Company (NWN) is the stronger pick with 11.

8% revenue growth year-over-year, versus 6. 2% for Duke Energy Corporation (DUK). Northwest Natural Holding Company (NWN) offers the better valuation at 18. 1x trailing P/E (16. 5x forward), making it the more compelling value choice. Analysts rate NextEra Energy, Inc. (NEE) a "Buy" — based on 36 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.

02

Which has the better valuation — NWN or NEE or AEP or DUK or SO?

On trailing P/E, Northwest Natural Holding Company (NWN) is the cheapest at 18.

1x versus NextEra Energy, Inc. at 28. 4x. On forward P/E, Northwest Natural Holding Company is actually cheaper at 16. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Duke Energy Corporation wins at 0. 62x versus Northwest Natural Holding Company's 4. 58x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — NWN or NEE or AEP or DUK or SO?

Over the past 5 years, American Electric Power Company, Inc.

(AEP) delivered a total return of +70. 7%, compared to +8. 5% for Northwest Natural Holding Company (NWN). Over 10 years, the gap is even starker: NEE returned +265. 3% versus NWN's +22. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NWN or NEE or AEP or DUK or SO?

By beta (market sensitivity over 5 years), Duke Energy Corporation (DUK) is the lower-risk stock at -0.

24β versus NextEra Energy, Inc. 's 0. 19β — meaning NEE is approximately -178% more volatile than DUK relative to the S&P 500. On balance sheet safety, NextEra Energy, Inc. (NEE) carries a lower debt/equity ratio of 144% versus 187% for Northwest Natural Holding Company — giving it more financial flexibility in a downturn.

05

Which is growing faster — NWN or NEE or AEP or DUK or SO?

By revenue growth (latest reported year), Northwest Natural Holding Company (NWN) is pulling ahead at 11.

8% versus 6. 2% for Duke Energy Corporation (DUK). On earnings-per-share growth, the picture is similar: Northwest Natural Holding Company grew EPS 36. 5% year-over-year, compared to -2. 4% for NextEra Energy, Inc.. Over a 3-year CAGR, NEE leads at 9. 4% 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.

06

Which has better profit margins — NWN or NEE or AEP or DUK or SO?

NextEra Energy, Inc.

(NEE) is the more profitable company, earning 24. 9% net margin versus 8. 8% for Northwest Natural Holding Company — meaning it keeps 24. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NWN leads at 31. 4% versus 24. 3% for AEP. At the gross margin level — before operating expenses — NEE leads at 62. 8%, 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.

07

Is NWN or NEE or AEP or DUK or SO 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. 62x versus Northwest Natural Holding Company's 4. 58x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Northwest Natural Holding Company (NWN) trades at 16. 5x forward P/E versus 23. 0x for NextEra Energy, Inc. — 6. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NWN: 13. 9% to $57. 00.

08

Which pays a better dividend — NWN or NEE or AEP or DUK or SO?

All stocks in this comparison pay dividends.

Northwest Natural Holding Company (NWN) offers the highest yield at 3. 8%, versus 2. 4% for NextEra Energy, Inc. (NEE).

09

Is NWN or NEE or AEP or DUK or SO 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, +103. 3% 10Y return). Both have compounded well over 10 years (DUK: +103. 3%, NEE: +265. 3%), 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.

10

What are the main differences between NWN and NEE and AEP and DUK and SO?

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: NWN is a small-cap income-oriented stock; NEE is a mid-cap quality compounder stock; AEP is a mid-cap quality compounder stock; DUK is a mid-cap income-oriented stock; SO is a mid-cap quality compounder 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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NWN

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  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.5%
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  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 17%
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Income & Dividend Stock

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  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 9%
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SO

Income & Dividend Stock

  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 8%
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Beat Both

Find stocks that outperform NWN and NEE and AEP and DUK and SO on the metrics below

Revenue Growth>
%
(NWN: -0.8% · NEE: 7.3%)
Net Margin>
%
(NWN: 9.6% · NEE: 29.3%)
P/E Ratio<
x
(NWN: 18.1x · NEE: 28.4x)

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