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Public Service Enterprise Group Incorporated (PEG) 10-Year Financial Performance & Capital Metrics

PEG • • Utilities
UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities
AboutPublic Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.Show more
  • Revenue $10.29B -8.4%
  • EBITDA $3.73B -25.6%
  • Net Income $1.77B -30.9%
  • Free Cash Flow -$1.25B -359.3%
  • EBITDA Margin 36.21% -18.8%
  • Net Margin 17.22% -24.5%
  • ROE 11.22% -36.1%
  • Interest Coverage 2.80 -47.8%
  • Debt/Equity 1.42 +7.7%
  • Net Debt/EBITDA 6.11 +50.4%
  • CapEx / Revenue 32.85% +11.0%
  • CapEx Coverage 0.63 -44.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓20 years of consecutive dividend growth
  • ✓20 consecutive years of dividend growth
  • ✓Healthy dividend yield of 3.0%

✗Weaknesses

  • ✗High leverage: 6.1x Debt/EBITDA

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.56%
5Y0.42%
3Y1.91%
TTM12.35%

Profit (Net Income) CAGR

10Y1.56%
5Y0.92%
3Y-
TTM2.46%

EPS CAGR

10Y1.7%
5Y1.17%
3Y-
TTM2.46%

ROCE

10Y Avg4.78%
5Y Avg3.99%
3Y Avg5.57%
Latest5.02%

Peer Comparison

Dual Electric & Gas Utilities
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AQNBAlgonquin Power & Utilities Cor25.60170.63-14.03%-57.66%-26.75%1.09
ESEversource Energy26.15B69.6930.70-0.08%10.22%8.3%1.92
PPLPPL Corporation26.42B35.7129.761.8%12.16%7.58%1.19
LNTAlliant Energy Corporation17.24B67.0624.93-1.14%19.13%11.19%1.49
DDominion Energy, Inc.51.53B60.3424.730.46%14.77%7.36%1.38
PEGPublic Service Enterprise Group Incorporated39.64B79.4122.43-8.43%17.77%12.24%1.42
WECWEC Energy Group, Inc.35.18B108.1622.39-3.3%17.76%12.1%1.22%1.59
XELXcel Energy Inc.44.58B75.3621.91-5.38%11.01%9.04%1.55

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+10.41B9.06B9.08B9.7B10.08B9.6B9.72B9.8B11.24B10.29B
Revenue Growth %-0.04%-0.13%0%0.07%0.04%-0.05%0.01%0.01%0.15%-0.08%
Cost of Revenue6.24B6.01B5.67B6.24B6.48B6.17B6.72B7.2B6.41B6.75B
Gross Profit+4.18B3.05B3.42B3.46B3.59B3.43B3B2.6B4.83B3.54B
Gross Margin %----------
Gross Profit Growth %0.08%-0.27%0.12%0.01%0.04%-0.04%-0.13%-0.13%0.85%-0.27%
Operating Expenses+1.21B1.48B1.99B1.1B1.65B1.16B3.85B1.22B1.14B1.19B
Other Operating Expenses----------
EBITDA+4.39B3.28B3.61B3.64B3.37B3.74B547M2.66B5.01B3.73B
EBITDA Margin %----------
EBITDA Growth %0.08%-0.25%0.1%0.01%-0.08%0.11%-0.85%3.87%0.88%-0.26%
Depreciation & Amortization+1.43B1.68B2.19B1.34B1.43B1.47B1.4B1.28B1.32B1.37B
D&A / Revenue %----------
Operating Income (EBIT)+2.96B1.6B1.43B2.3B1.94B2.27B-856M1.38B3.69B2.35B
Operating Margin %----------
Operating Income Growth %0.13%-0.46%-0.11%0.61%-0.15%0.17%-1.38%2.61%1.67%-0.36%
Interest Expense+393M385M391M476M510M513M500M563M688M841M
Interest Coverage7.54x4.15x3.65x4.83x3.81x4.42x-1.71x2.45x5.36x2.80x
Interest / Revenue %----------
Non-Operating Income-1000K-1000K-1000K-1000K1000K1000K-1000K-1000K-1000K-1000K
Pretax Income+2.68B1.3B1.27B1.85B1.95B2.3B-1.09B1B3.08B1.82B
Pretax Margin %----------
Income Tax+1B411M-306M417M257M396M-441M-29M518M53M
Effective Tax Rate %----------
Net Income+1.68B887M1.57B1.44B1.69B1.91B-648M1.03B2.56B1.77B
Net Margin %----------
Net Income Growth %0.11%-0.47%0.77%-0.09%0.18%0.13%-1.34%2.59%1.49%-0.31%
EPS (Diluted)+3.301.753.102.843.343.76-1.292.065.133.54
EPS Growth %0.1%-0.47%0.77%-0.08%0.18%0.13%-1.34%2.6%1.49%-0.31%
EPS (Basic)3.321.763.102.853.363.78-1.292.075.153.56
Diluted Shares Outstanding508M508M507M507M507M507M504M501M500M500M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+37.53B40.07B42.72B45.33B47.73B50.05B49B48.72B50.74B54.64B
Asset Growth %0.06%0.07%0.07%0.06%0.05%0.05%-0.02%-0.01%0.04%0.08%
PP&E (Net)+26.54B29.29B31.8B34.36B36.13B37.85B34.57B36.12B38.21B40.23B
PP&E / Total Assets %----------
Total Current Assets+3.49B3.25B3.31B3.51B3.23B3.63B6.25B4.3B3.37B4.24B
Cash & Equivalents394M423M313M177M147M543M818M465M54M125M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory976M887M866M902M897M878M744M960M1.02B1.12B
Other Current Assets419M369M244M417M535M456M2.54B440M416M959M
Long-Term Investments3.21B3.13B3.3B3B3.27B3.3B3.42B3.04B3B196M
Goodwill16M16M16M16M000000
Intangible Assets102M98M114M143M149M158M20M14M00
Other Assets4.17B4.29B4.18B4.3B4.95B5.11B4.74B5.25B6.16B9.98B
Total Liabilities24.47B26.94B28.87B30.95B32.64B34.07B34.56B34.99B35.26B38.53B
Total Debt+9.93B11.78B13.61B15.48B16.5B17.5B19.63B20.44B20.41B22.89B
Net Debt9.54B11.36B13.3B15.3B16.35B16.95B18.81B19.97B20.35B22.76B
Long-Term Debt8.83B10.89B12.07B13.17B13.74B14.5B15.22B16.5B17.78B18.96B
Short-Term Borrowings1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations0000273M252M191M169M173M153M
Total Current Liabilities+3.58B3.28B4.17B4.93B5.05B5.52B7.07B6.68B5.06B6.5B
Accounts Payable1.37B1.46B1.69B1.45B1.36B1.33B1.31B1.27B1.21B1.14B
Accrued Expenses96M97M103M110M116M126M121M134M170M219M
Deferred Revenue0000000000
Other Current Liabilities970M801M781M1.04B1.05B1.19B1.35B1.49B1.22B1.38B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Liabilities3.89B4.11B7.39B7.13B7.32B7.29B6.32B5.92B5.58B12.9B
Total Equity+13.07B13.13B13.85B14.38B15.09B15.98B14.44B13.73B15.48B16.11B
Equity Growth %0.07%0%0.05%0.04%0.05%0.06%-0.1%-0.05%0.13%0.04%
Shareholders Equity13.07B13.13B13.85B14.38B15.09B15.98B14.44B13.73B15.48B16.11B
Minority Interest1M000000000
Common Stock4.92B4.94B4.96B4.98B5B5.03B5.04B5.07B5.02B5.06B
Additional Paid-in Capital4.92B4.94B4.96B4.98B000000
Retained Earnings9.12B9.17B9.88B10.58B11.41B12.32B10.64B10.59B12.02B12.59B
Accumulated OCI-295M-263M-229M-377M-489M-504M-350M-550M-179M-133M
Return on Assets (ROA)0.05%0.02%0.04%0.03%0.04%0.04%-0.01%0.02%0.05%0.03%
Return on Equity (ROE)0.13%0.07%0.12%0.1%0.11%0.12%-0.04%0.07%0.18%0.11%
Debt / Equity0.76x0.90x0.98x1.08x1.09x1.09x1.36x1.49x1.32x1.42x
Debt / Assets0.26%0.29%0.32%0.34%0.35%0.35%0.4%0.42%0.4%0.42%
Net Debt / EBITDA2.17x3.47x3.68x4.20x4.85x4.53x34.39x7.50x4.06x6.11x
Book Value per Share25.7225.8527.3128.3629.7631.5328.6527.430.9532.23

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+3.92B3.31B3.26B2.91B3.38B3.1B1.74B1.5B3.81B2.13B
Operating CF Growth %0.24%-0.15%-0.02%-0.11%0.16%-0.08%-0.44%-0.13%1.53%-0.44%
Operating CF / Revenue %----------
Net Income1.68B887M1.57B1.44B1.69B1.91B-648M1.03B2.56B1.77B
Depreciation & Amortization1.43B1.68B2.19B1.34B1.43B1.47B1.4B1.28B1.32B1.37B
Deferred Taxes685M474M-167M568M180M139M-845M-261M355M263M
Other Non-Cash Items-97M222M-251M-209M-192M-705M2.92B297M-1.74B-671M
Working Capital Changes225M51M-81M-229M272M294M-1.1B-847M1.31B-604M
Capital Expenditures+-3.97B-4.3B-4.31B-4.06B-3.26B-3.03B-2.72B-2.89B-3.33B-3.38B
CapEx / Revenue %----------
CapEx / D&A----------
CapEx Coverage (OCF/CapEx)----------
Cash from Investing+-3.94B-4.25B-4.26B-3.92B-3.15B-2.68B-2.24B-1.1B-2.96B-3.31B
Acquisitions000000-111M-124M291M0
Purchase of Investments-1.55B-856M-2.34B-1.47B-1.81B-2.25B-2.09B000
Sale of Investments1000K1000K1000K1000K1000K1000K1000K000
Other Investing-28M-17M-45M-32M48M263M578M1.91B76M74M
Cash from Financing+15M966M885M887M-257M-30M799M-754M-1.26B1.23B
Dividends Paid-789M-830M-870M-910M-950M-991M-1.03B-1.08B-1.14B-1.2B
Dividend Payout Ratio %0.47%0.94%0.55%0.63%0.56%0.52%-1.05%0.44%0.67%
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K1000K-1000K1000K
Stock Issued0000000000
Share Repurchases0000000-500M00
Other Financing-51M-79M-74M-77M-56M-72M-369M-6M-98M-70M
Net Change in Cash+-8M31M-111M-116M-23M396M291M-352M-412M55M
Exchange Rate Effect0000000000
Cash at Beginning402M395M426M315M199M176M572M863M511M99M
Cash at End394M426M315M199M176M572M863M511M99M154M
Free Cash Flow+-50M-985M-1.05B-1.15B115M68M-983M-1.39B481M-1.25B
FCF Growth %-1.21%-18.7%-0.06%-0.09%1.1%-0.41%-15.46%-0.41%1.35%-3.59%
FCF Margin %----------
FCF / Net Income %----------

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)13.3%6.77%11.67%10.19%11.49%12.26%-4.26%7.32%17.55%11.22%
EBITDA Margin42.14%36.17%39.78%37.57%33.44%38.94%5.63%27.18%44.58%36.21%
Net Debt / EBITDA2.17x3.47x3.68x4.20x4.85x4.53x34.39x7.50x4.06x6.11x
Interest Coverage7.54x4.15x3.65x4.83x3.81x4.42x-1.71x2.45x5.36x2.80x
CapEx / Revenue37.09%46.34%46.13%40.35%31.42%30.44%27.97%29.47%29.59%32.85%
Dividend Payout Ratio46.99%93.57%55.27%63.28%56.11%52.02%-104.66%44.36%67.49%
Debt / Equity0.76x0.90x0.98x1.08x1.09x1.09x1.36x1.49x1.32x1.42x
EPS Growth10.37%-46.97%77.14%-8.39%17.61%12.57%-134.31%259.69%149.03%-30.99%

Revenue by Segment

2015201620172018201920202021202220232024
Public Service Electric and Gas Company---3.13B3.22B3.13B3.28B3.5B3.49B3.98B
Public Service Electric and Gas Company Growth----2.97%-2.92%4.76%6.83%-0.26%13.82%
Gas Distribution Contracts---1.74B1.85B1.63B1.86B2.36B1.98B2.06B
Gas Distribution Contracts Growth----6.73%-11.91%13.95%26.53%-15.87%3.88%
Transmission---1.24B1.18B1.49B1.61B1.59B1.67B1.75B
Transmission Growth-----4.45%25.74%8.48%-1.37%5.29%4.84%
Other Contract Revenues---847M891M966M960M989M994M1.05B
Other Contract Revenues Growth----5.19%8.42%-0.62%3.02%0.51%6.04%
Natural Gas---151M92M83M181M458M206M206M
Natural Gas Growth-----39.07%-9.78%118.07%153.04%-55.02%0.00%
Pse And G6.64B6.22B6.23B-------
Pse And G Growth--6.25%0.21%-------
Power4.93B4.02B3.93B-------
Power Growth--18.36%-2.31%-------
Corporate and Other462M370M466M-------
Corporate and Other Growth--19.91%25.95%-------

Frequently Asked Questions

Valuation & Price

Public Service Enterprise Group Incorporated (PEG) has a price-to-earnings (P/E) ratio of 22.4x. This is roughly in line with market averages.

Growth & Financials

Public Service Enterprise Group Incorporated (PEG) reported $11.72B in revenue for fiscal year 2024. This represents a 6% increase from $11.08B in 2011.

Public Service Enterprise Group Incorporated (PEG) saw revenue decline by 8.4% over the past year.

Yes, Public Service Enterprise Group Incorporated (PEG) is profitable, generating $2.08B in net income for fiscal year 2024 (17.2% net margin).

Dividend & Returns

Yes, Public Service Enterprise Group Incorporated (PEG) pays a dividend with a yield of 3.01%. This makes it attractive for income-focused investors.

Public Service Enterprise Group Incorporated (PEG) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.

Public Service Enterprise Group Incorporated (PEG) generated $73.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Public Service Enterprise Group Incorporated (PEG) has a dividend payout ratio of 67%. This suggests the dividend is well-covered and sustainable.

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