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PPL vs AVA vs NWE vs PNW vs AES
Revenue, margins, valuation, and 5-year total return — side by side.
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Diversified Utilities
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PPL vs AVA vs NWE vs PNW vs AES — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Regulated Electric | Diversified Utilities | Diversified Utilities | Regulated Electric | Diversified Utilities |
| Market Cap | $27.40B | $3.39B | $4.45B | $12.06B | $10.18B |
| Revenue (TTM) | $9.04B | $1.92B | $1.64B | $5.46B | $12.49B |
| Net Income (TTM) | $1.18B | $206M | $168M | $654M | $1.05B |
| Gross Margin | 39.1% | 45.9% | 61.9% | 40.7% | 14.2% |
| Operating Margin | 23.6% | 18.9% | 19.2% | 27.5% | 11.8% |
| Forward P/E | 18.9x | 16.0x | 19.3x | 21.1x | 6.2x |
| Total Debt | $18.45B | $3.38B | $3.29B | $17.85B | $30.33B |
| Cash & Equiv. | $1.07B | $19M | $9M | $7M | $2.07B |
PPL vs AVA vs NWE vs PNW vs AES — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| PPL Corporation (PPL) | 100 | 131.6 | +31.6% |
| Avista Corporation (AVA) | 100 | 104.6 | +4.6% |
| Northwestern Energy… (NWE) | 100 | 120.4 | +20.4% |
| Pinnacle West Capit… (PNW) | 100 | 127.8 | +27.8% |
| The AES Corporation (AES) | 100 | 114.3 | +14.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PPL vs AVA vs NWE vs PNW vs AES
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PPL carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 6.9%, EPS growth 33.3%, 3Y rev CAGR 4.6%
- Lower volatility, beta 0.05, Low D/E 85.3%, current ratio 1.14x
- Beta 0.05, yield 2.9%, current ratio 1.14x
- 6.9% revenue growth vs AES's -0.4%
AVA plays a supporting role in this comparison — it may shine differently against other peers.
NWE is the clearest fit if your priority is income & stability.
- Dividend streak 20 yrs, beta 0.24, yield 3.6%
PNW is the clearest fit if your priority is long-term compounding.
- 78.9% 10Y total return vs AES's 81.6%
AES is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.08 vs PNW's 28.97
- Lower P/E (6.2x vs 21.1x), PEG 0.08 vs 28.97
- 4.9% yield, 2-year raise streak, vs AVA's 4.8%
- +45.5% vs PPL's +4.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.9% revenue growth vs AES's -0.4% | |
| Value | Lower P/E (6.2x vs 21.1x), PEG 0.08 vs 28.97 | |
| Quality / Margins | 13.1% margin vs AES's 8.4% | |
| Stability / Safety | Beta 0.05 vs AES's 1.01, lower leverage | |
| Dividends | 4.9% yield, 2-year raise streak, vs AVA's 4.8% | |
| Momentum (1Y) | +45.5% vs PPL's +4.2% | |
| Efficiency (ROA) | 2.6% ROA vs NWE's 2.0%, ROIC 4.6% vs 4.0% |
PPL vs AVA vs NWE vs PNW vs AES — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PPL vs AVA vs NWE vs PNW vs AES — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
PPL leads in 2 of 6 categories
PNW leads 1 • AES leads 1 • AVA leads 0 • NWE leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PNW 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 — 7.6x NWE's $1.6B. Profitability is closely matched — net margins range from 13.1% (PPL) to 8.4% (AES). On growth, PNW holds the edge at +11.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $9.0B | $1.9B | $1.6B | $5.5B | $12.5B |
| EBITDAEarnings before interest/tax | $3.5B | $648M | $569M | $2.5B | $2.6B |
| Net IncomeAfter-tax profit | $1.2B | $206M | $168M | $654M | $1.1B |
| Free Cash FlowCash after capex | -$1.4B | $417M | -$148M | -$992M | -$1.5B |
| Gross MarginGross profit ÷ Revenue | +39.1% | +45.9% | +61.9% | +40.7% | +14.2% |
| Operating MarginEBIT ÷ Revenue | +23.6% | +18.9% | +19.2% | +27.5% | +11.8% |
| Net MarginNet income ÷ Revenue | +13.1% | +10.7% | +10.2% | +12.0% | +8.4% |
| FCF MarginFCF ÷ Revenue | -15.5% | +21.8% | -9.0% | -18.2% | -11.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.8% | -7.6% | +6.6% | +11.4% | +8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +50.0% | +14.3% | -17.6% | +7.8% | -100.0% |
Valuation Metrics
AES leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 11.3x trailing earnings, AES trades at a 54% valuation discount to NWE's 24.6x P/E. Adjusting for growth (PEG ratio), AES offers better value at 0.14x vs PNW's 28.97x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $27.4B | $3.4B | $4.5B | $12.1B | $10.2B |
| Enterprise ValueMkt cap + debt − cash | $44.8B | $6.7B | $7.7B | $29.9B | $38.4B |
| Trailing P/EPrice ÷ TTM EPS | 22.98x | 17.22x | 24.63x | 19.71x | 11.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.86x | 15.99x | 19.30x | 21.11x | 6.16x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.74x | — | 28.97x | 0.14x |
| EV / EBITDAEnterprise value multiple | 12.67x | 10.49x | 13.44x | 14.32x | 11.22x |
| Price / SalesMarket cap ÷ Revenue | 3.03x | 1.72x | 2.77x | 2.26x | 0.83x |
| Price / BookPrice ÷ Book value/share | 1.27x | 1.23x | 1.54x | 1.71x | 0.85x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — | — |
Profitability & Efficiency
PPL leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
AES delivers a 10.7% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $5 for PPL. PPL carries lower financial leverage with a 0.85x debt-to-equity ratio, signaling a more conservative balance sheet compared to AES's 2.54x. On the Piotroski fundamental quality scale (0–9), PPL scores 6/9 vs PNW's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +5.5% | +7.6% | +5.8% | +9.3% | +10.7% |
| ROA (TTM)Return on assets | +2.6% | +2.5% | +2.0% | +2.2% | +2.1% |
| ROICReturn on invested capital | +4.6% | +4.5% | +4.0% | +3.9% | +3.9% |
| ROCEReturn on capital employed | +5.3% | +4.7% | +4.4% | +4.3% | +4.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 5 | 3 | 5 |
| Debt / EquityFinancial leverage | 0.85x | 1.25x | 1.14x | 2.52x | 2.54x |
| Net DebtTotal debt minus cash | $17.4B | $3.4B | $3.3B | $17.8B | $28.3B |
| Cash & Equiv.Liquid assets | $1.1B | $19M | $9M | $7M | $2.1B |
| Total DebtShort + long-term debt | $18.4B | $3.4B | $3.3B | $17.8B | $30.3B |
| Interest CoverageEBIT ÷ Interest expense | 2.64x | 2.47x | 2.25x | 2.75x | 1.05x |
Total Returns (Dividends Reinvested)
PPL leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PPL five years ago would be worth $14,446 today (with dividends reinvested), compared to $6,833 for AES. Over the past 12 months, AES leads with a +45.5% total return vs PPL's +4.2%. The 3-year compound annual growth rate (CAGR) favors PPL at 11.7% vs AES's -9.0% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +5.5% | +7.1% | +12.9% | +15.0% | -1.3% |
| 1-Year ReturnPast 12 months | +4.2% | +4.7% | +30.2% | +10.0% | +45.5% |
| 3-Year ReturnCumulative with dividends | +39.5% | +5.2% | +34.7% | +38.1% | -24.7% |
| 5-Year ReturnCumulative with dividends | +44.5% | +6.9% | +25.9% | +35.9% | -31.7% |
| 10-Year ReturnCumulative with dividends | +31.0% | +40.1% | +65.7% | +78.9% | +81.6% |
| CAGR (3Y)Annualised 3-year return | +11.7% | +1.7% | +10.4% | +11.4% | -9.0% |
Risk & Volatility
Evenly matched — NWE and PNW each lead in 1 of 2 comparable metrics.
Risk & Volatility
PNW is the less volatile stock with a -0.03 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. NWE currently trades 96.3% 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 | 0.05x | -0.00x | 0.24x | -0.03x | 1.01x |
| 52-Week HighHighest price in past year | $40.10 | $43.49 | $75.18 | $104.92 | $17.65 |
| 52-Week LowLowest price in past year | $33.12 | $35.50 | $50.46 | $85.32 | $9.46 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +94.2% | +96.3% | +94.9% | +80.9% |
| RSI (14)Momentum oscillator 0–100 | 35.7 | 47.4 | 51.8 | 43.1 | 44.6 |
| Avg Volume (50D)Average daily shares traded | 7.3M | 546K | 462K | 1.1M | 13.9M |
Analyst Outlook
Evenly matched — AVA and AES each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: PPL as "Buy", AVA as "Hold", NWE as "Hold", PNW as "Hold", AES as "Hold". Consensus price targets imply 27.8% upside for AES (target: $18) vs -8.4% for NWE (target: $66). For income investors, AES offers the higher dividend yield at 4.93% vs PPL's 2.90%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $41.57 | $40.67 | $66.33 | $103.11 | $18.25 |
| # AnalystsCovering analysts | 29 | 15 | 18 | 24 | 21 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +4.8% | +3.6% | +3.5% | +4.9% |
| Dividend StreakConsecutive years of raises | 2 | 22 | 20 | 1 | 2 |
| Dividend / ShareAnnual DPS | $1.07 | $1.96 | $2.63 | $3.47 | $0.70 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
PPL leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). PNW leads in 1 (Income & Cash Flow). 2 tied.
PPL vs AVA vs NWE vs PNW vs AES: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is PPL or AVA or NWE or PNW or AES a better buy right now?
For growth investors, PPL Corporation (PPL) is the stronger pick with 6.
9% 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 PPL Corporation (PPL) a "Buy" — based on 29 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 — PPL or AVA or NWE or PNW or AES?
On trailing P/E, The AES Corporation (AES) is the cheapest at 11.
3x versus Northwestern Energy Group Inc at 24. 6x. 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 Pinnacle West Capital Corporation's 28. 97x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — PPL or AVA or NWE or PNW or AES?
Over the past 5 years, PPL Corporation (PPL) delivered a total return of +44.
5%, compared to -31. 7% for The AES Corporation (AES). Over 10 years, the gap is even starker: AES returned +81. 6% versus PPL's +31. 0%. 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 — PPL or AVA or NWE or PNW or AES?
By beta (market sensitivity over 5 years), Pinnacle West Capital Corporation (PNW) is the lower-risk stock at -0.
03β versus The AES Corporation's 1. 01β — meaning AES is approximately -3785% more volatile than PNW relative to the S&P 500. On balance sheet safety, PPL Corporation (PPL) carries a lower debt/equity ratio of 85% versus 3% for The AES Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — PPL or AVA or NWE or PNW or AES?
By revenue growth (latest reported year), PPL Corporation (PPL) is pulling ahead at 6.
9% versus -0. 4% for The AES Corporation (AES). On earnings-per-share growth, the picture is similar: PPL Corporation grew EPS 33. 3% year-over-year, compared to -46. 6% for The AES Corporation. Over a 3-year CAGR, PNW leads at 7. 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 — PPL or AVA or NWE or PNW or AES?
PPL Corporation (PPL) is the more profitable company, earning 13.
1% net margin versus 7. 8% for The AES Corporation — meaning it keeps 13. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PPL leads at 23. 6% versus 16. 1% for AES. At the gross margin level — before operating expenses — NWE leads at 82. 3%, 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 PPL or AVA or NWE or PNW 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 Pinnacle West Capital Corporation's 28. 97x. 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 21. 1x for Pinnacle West Capital Corporation — 14. 9x 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 — PPL or AVA or NWE or PNW or AES?
All stocks in this comparison pay dividends.
The AES Corporation (AES) offers the highest yield at 4. 9%, versus 2. 9% for PPL Corporation (PPL).
09Is PPL or AVA or NWE or PNW or AES better for a retirement portfolio?
For long-horizon retirement investors, Pinnacle West Capital Corporation (PNW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
03), 3. 5% yield). Both have compounded well over 10 years (PNW: +78. 9%, 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 PPL and AVA and NWE and PNW 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: PPL is a mid-cap quality compounder stock; AVA is a small-cap deep-value stock; NWE is a small-cap income-oriented stock; PNW 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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