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Public Service Enterprise Group

PEG NYSE Electric Utilities Financials FY2016–FY2025

Public Service Enterprise Group's revenue rose 18.2% to $12.2 billion in fiscal 2025. Its operating margin was 24.5%, up from 22.9% a year earlier. Free cash flow was $26 million. It paid out $1.3 billion in dividends and buybacks, 4838% of free cash flow. The diluted share count rose 0.2%.

Last close · Oct 23, 2026

$72.02

1.0%
Value it Compare
Revenue Total sales reported in the income statement.
$12.2B
18.3% vs prior year
Operating margin Operating income as a share of revenue.
24.5%
1.6 pts
Net income Profit after all expenses, interest and tax.
$2.1B
19.1%
Free cash flow Cash from operations minus capital spending.
$26.0M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
6.7%
0.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$35.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
17.9x
On $4.02 EPS (TTM)

About these figures. Depreciation and amortization is the line on PSEG's income statement, which its filings label differently from 2019. PSEG doesn't report a gross profit, and the cost figures its filings tag cover only part of its costs or only some years, so gross profit and gross margin are left blank.

What Public Service Enterprise Group does

No business description yet.

Legal name
Public Service Enterprise Group Incorporated
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001193125-26-077446
0000788784

Revenue and margins

Public Service Enterprise Group had $12.2B of revenue in fiscal 2025, up 18.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 10.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $26.0M in fiscal 2025, 0.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Public Service Enterprise Group returned $1.3B to shareholders in fiscal 2025, 4,838% of free cash flow. The diluted share count rose 0.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Public Service Enterprise Group yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$23.9B and divides by 501.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 17.9x · peers 24.2x · sector 20.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Public Service Enterprise Group can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $818M$465M$54.0M$125M$132M
Debt incl. finance leases $19.4B$20.3B$20.2B$22.7B$24.1B
Net debt / EBITDA 51.7x8.0x4.2x6.4x5.7x
Debt / equity 1.4x1.5x1.3x1.4x1.4x
Interest coverage −1.5x2.2x4.9x2.7x3.0x
Current ratio 0.9x0.6x0.7x0.7x0.8x
Quick ratio 0.9x0.6x0.7x0.7x0.8x
Total assets $49.0B$48.7B$50.7B$54.6B$57.6B
Total liabilities $34.6B$35.0B$35.3B$38.5B$40.6B
Shareholders' equity $14.4B$13.7B$15.5B$16.1B$17.0B
Net debt (− = net cash) $18.6B$19.8B$20.2B$22.6B$23.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$2.5M

3 insiders

Of sales under plans

61%

$1.5M

DateInsiderTradeSharesPriceValueFiling
Oct 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $67.48 $0.1M Form 4
Sep 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $73.46 $0.2M Form 4
Aug 11, 2026 Richard T ThigpenSVP Corporate Citizenship Sold 8,000 $74.56 $0.6M Form 4
Aug 3, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $76.47 $0.2M Form 4
Jul 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $80.51 $0.2M Form 4
Jun 24, 2026 Kim C HanemannPresident and COO - PSE&G Sold plan 3,035 $82.00 $0.2M Form 4
Jun 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $77.01 $0.2M Form 4
May 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $81.21 $0.2M Form 4
Apr 1, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $81.24 $0.2M Form 4
Mar 9, 2026 Kim C HanemannPresident and COO - PSE&G Sold 9 $84.04 $0.0M Form 4
Mar 5, 2026 Ralph A LaRossaChair, President and CEO, Director Sold plan 2,083 $83.66 $0.2M Form 4
Mar 3, 2026 Richard T ThigpenSVP Corporate Citizenship Sold 4,700 $83.00 $0.4M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✕
Gross margin rose — — —
Revenue rose relative to assets ✓ ✕ ✓
F-score 8 / 84 / 87 / 8
Accruals ratio −2.5%−0.7%−2.1%
Altman Z'' 1.501.211.42

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Public Service Enterprise Group PEG $35.9B 18.3% 24.5% 0.2% 6.7% 17.9x 7
Entergy ETR $49.6B 9.0% 24.7% −19.6% 5.6% 27.4x 7 Compare →
Eversource Energy ES $25.4B 13.8% 22.1% −0.3% 6.4% 17.5x 6 Compare →
FirstEnergy FE $26.8B 12.0% 14.6% −6.7% 4.6% 25.2x 5 Compare →
WEC Energy Group WEC $36.5B 14.0% 22.9% −10.4% 6.0% 23.1x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $9.0B $9.1B $9.7B $10.1B $9.6B $9.7B $9.8B $11.2B $10.3B $12.2B
Operating income $1.6B $1.4B $2.3B $1.9B $2.3B −$856M $1.4B $3.7B $2.4B $3.0B
Interest expense $385M $391M $476M $569M $600M $571M $628M $748M $882M $1.0B
Pretax income $1.3B $1.3B $1.9B $2.0B $2.3B −$1.1B $1.0B $3.1B $1.8B $2.4B
Income tax $411M −$306M $417M $257M $396M −$441M −$29.0M $518M $53.0M $263M
Net income $887M $1.6B $1.4B $1.7B $1.9B −$648M $1.0B $2.6B $1.8B $2.1B
Diluted EPS $1.75 $3.10 $2.83 $3.33 $3.76 −$1.29 $2.06 $5.13 $3.54 $4.22
Diluted shares 0.51B 0.51B 0.51B 0.51B 0.51B 0.50B 0.50B 0.50B 0.50B 0.50B
Cash flow
Cash from operations $3.3B $3.3B $2.9B $3.4B $3.1B $1.7B $1.5B $3.8B $2.1B $3.3B
Capital expenditure $4.2B $4.2B $3.9B $3.2B $2.9B $2.7B $2.9B $3.3B $3.4B $3.3B
Free cash flow −$886M −$930M −$999M $213M $179M −$983M −$1.4B $481M −$1.2B $26.0M
Depreciation and amortization $1.5B $2.0B $1.2B $1.2B $1.3B $1.2B $1.1B $1.1B $1.2B $1.3B
Stock-based compensation $1.0M $31.0M $30.0M $33.0M $35.0M $28.0M $29.0M $18.0M $40.0M $43.0M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $500M $0.0M $0.0M $0.0M
Dividends paid $830M $870M $910M $950M $991M $1.0B $1.1B $1.1B $1.2B $1.3B
Dividends and buybacks $830M $870M $910M $950M $991M $1.0B $1.6B $1.1B $1.2B $1.3B
Balance sheet
Cash and short-term investments $423M $313M $177M $147M $543M $818M $465M $54.0M $125M $132M
Total debt $11.8B $13.6B $15.5B $16.2B $17.2B $19.4B $20.3B $20.2B $22.7B $24.1B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $3.3B $3.3B $3.5B $3.2B $3.6B $6.3B $4.3B $3.4B $4.2B $4.6B
Current liabilities $3.3B $4.2B $4.9B $5.0B $5.5B $7.1B $6.7B $5.1B $6.5B $5.7B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $40.1B $42.7B $45.3B $47.7B $50.1B $49.0B $48.7B $50.7B $54.6B $57.6B
Total liabilities $26.9B $28.9B $30.9B $32.6B $34.1B $34.6B $35.0B $35.3B $38.5B $40.6B
Shareholders' equity $13.1B $13.8B $14.4B $15.1B $16.0B $14.4B $13.7B $15.5B $16.1B $17.0B
Margins
Operating margin 17.8% 15.7% 23.7% 19.3% 23.6% −8.8% 14.1% 32.8% 22.9% 24.5%
EBITDA margin 34.3% 37.6% 35.6% 31.7% 37.0% 3.7% 25.3% 42.9% 34.4% 34.8%
Net margin 9.9% 17.3% 14.8% 16.8% 19.8% −6.7% 10.5% 22.8% 17.2% 17.4%
FCF margin −9.9% −10.2% −10.3% 2.1% 1.9% −10.1% −14.1% 4.3% −12.1% 0.2%
Returns
Return on capital 4.6% 5.5% 6.3% 5.6% 5.9% −2.1% 4.2% 8.9% 6.2% 6.7%
Return on capital employed 4.5% 3.8% 5.8% 4.7% 5.2% −2.0% 3.3% 8.4% 5.0% 6.0%
Return on equity 6.8% 11.7% 10.2% 11.5% 12.3% −4.3% 7.3% 17.6% 11.2% 12.8%
Return on assets 2.3% 3.8% 3.3% 3.6% 3.9% −1.3% 2.1% 5.2% 3.4% 3.8%
Growth
Revenue growth −13.9% 1.4% 6.6% 3.9% −4.7% 1.2% 0.8% 14.7% −8.4% 18.3%
Net income growth −47.2% 77.5% −8.6% 17.7% 12.5% −134.0% — 148.6% −30.9% 19.1%
EPS growth −47.0% 77.1% −8.7% 17.7% 12.9% −134.3% — 149.0% −31.0% 19.2%
FCF growth −1,682.1% — — — −16.0% −649.2% — — −359.3% —
Share count change 0.0% −0.2% 0.0% 0.0% 0.0% −0.6% −0.6% −0.2% 0.0% 0.2%
Financial health
Net debt / EBITDA 3.7x 3.9x 4.4x 5.0x 4.7x 51.7x 8.0x 4.2x 6.4x 5.7x
Debt / equity 0.9x 1.0x 1.1x 1.1x 1.1x 1.4x 1.5x 1.3x 1.4x 1.4x
Interest coverage 4.2x 3.7x 4.8x 3.4x 3.8x −1.5x 2.2x 4.9x 2.7x 3.0x
Current ratio 1.0x 0.8x 0.7x 0.6x 0.7x 0.9x 0.6x 0.7x 0.7x 0.8x
Quick ratio 1.0x 0.8x 0.7x 0.6x 0.7x 0.9x 0.6x 0.7x 0.7x 0.8x
Capital allocation
Capex / revenue 46.8% 46.1% 40.4% 31.4% 30.4% 28.0% 29.5% 29.6% 32.9% 26.9%
Stock comp / revenue 0.0% 0.3% 0.3% 0.3% 0.4% 0.3% 0.3% 0.2% 0.4% 0.4%
Payouts / FCF — — — 446.0% 553.6% — — 236.4% — 4,838.5%
Quality scores
Piotroski F-score 5.0 5.0 5.0 6.0 6.0 4.0 6.0 8.0 4.0 7.0
Altman Z'' 1.5 1.4 1.4 1.3 1.4 0.9 1.0 1.5 1.2 1.4
Accruals ratio −6.3% −4.1% −3.4% −3.6% −2.5% −4.8% −1.0% −2.5% −0.7% −2.1%

Source: SEC EDGAR XBRL filings (CIK 0000788784). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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