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Friday 6 November 2026 Export PEG’s income statement to Excel — free account

Public Service Enterprise Group Incorporated

PEG Utilities Utilities Regulated Electric

Public Service Enterprise Group Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, up 18.3% from fiscal 2024.

Revenue
−6.39%
EPS
−39.1%
Free cash flow
−139.4%
Total debt
+9.69%

Quarter to September 2026, against a year earlier

73.03 0.19 −0.26%
Market cap
$36.4B
P/E
20.7×
Fwd P/E
17.6×
Dividend yield
3.61%
F-score
6/9
Altman Z
1.28
Beneish M
−2.43
Dividend safety
40/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Public Service Electric and Gas Company
  • PSEG Power & Other

Every year since 2011 →

Insider Decisions last twelve months

Sold, $m 2.68
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 2 1 1 2 1 2 1 1 1
Insider Ownership 0.06%

Capital & Financial Ratios $m

Size
Market Cap 36,440.00
Revenue ttm 12,337.00
Net income ttm 1,766.00
Free cash flow ttm (173.00)
Net debt Q 24,797.00
Valuation
P/E 20.66
Forward P/E 17.60
Price / sales 2.95
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.09
Financial health
Current ratio Q 1.01
Debt / equity Q 1.48
Interest coverage Q 2.22
Growth
Revenue growth Q −6.39% (below 0%: shrinking)
Operating income growth Q −27.25% (below 0%: shrinking)
EPS, this year +7.82%
EPS, next year A +6.19%
Revenue, next year A +5.56%
EPS, past 5 yrs +2.34%
EPS, next 5 yrs A +7.25%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 4.6×; over the ten years it ranged from 2.9× in 2016 to 6.6× in 2024.
P/E against its own 10 years 66.75%
10-year low 10-year high
P/S against its own 10 years 48.48%
10-year low 10-year high
P/B against its own 10 years 61.24%
10-year low 10-year high
EV/Sales against its own 10 years 63.51%
10-year low 10-year high

Dividends raised every year since 2017

Yield
3.61%
Annual rate
2.64
Payout ratio
74.7%
Growth, 2017–25
+4.89%/yr
  1. 1.72 ’17
  2. 1.80 ’18 +5
  3. 1.88 ’19 +4
  4. 1.96 ’20 +4
  5. 2.04 ’21 +4
  6. 2.16 ’22 +6
  7. 2.28 ’23 +6
  8. 2.40 ’24 +5
  9. 2.52 ’25 +5
  10. 2.69 ’26e +7
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 54 125 132 837
Receivables 1,492 1,991 2,294 2,195
Inventory 1,023 1,124 1,155 1,191
Other 660 878 940 671
3,373 4,235 4,596 5,154
2023 2024 2025 Q'26
Payables 1,214 1,136 1,489 1,518
ST’ Debt 2,449 3,743 2,404 1,500
Other 1,216 1,397 1,487 1,763
5,057 6,505 5,740 5,089

Compound Annual Growth %

10y 5y 3y
Sales 1.57% 4.85% 7.48%
Cash Flow (1.71%) 1.23% 29.95%
Earnings 2.32% 2.07% 26.98%
Book Value 2.66% 1.22% 7.35%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.21 Actual 1.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.71 0.72 Beat by 0.01
Q1 FY26 1.47 1.55 Beat by 0.08
Q2 FY26 0.80 0.86 Beat by 0.06
Q3 FY26 1.21 1.15 Miss by 0.06
Q4 FY26 0.80 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.48 0.67 0.75 — —
’25 1.18 1.17 1.24 0.63 4.22
’24 1.06 0.87 1.04 0.57 3.54
’23 2.58 1.18 0.27 1.10 5.13
’22 0.00 0.26 0.22 1.58 2.06
’21 1.28 (0.35) (3.10) 0.88 (1.29)
’20 0.88 0.89 1.14 0.85 3.76
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,848 2,554 3,020 — —
’25 3,222 2,805 3,226 2,915 12,168
’24 2,760 2,423 2,642 2,465 10,290
’23 3,755 2,421 2,456 2,605 11,237
’22 2,313 2,076 2,272 3,139 9,800
’21 2,889 1,874 1,903 3,056 9,722
’20 2,781 2,050 2,370 2,402 9,603
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,271 550 716 — —
’25 1,049 478 1,050 721 3,298
’24 661 482 623 367 2,133
’23 1,837 572 687 710 3,806
’22 472 (116) 345 802 1,503
’21 1,027 22 129 558 1,736
’20 1,153 511 853 585 3,102
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 578 (216) (127) — —
’25 421 (309) 322 (408) 26
’24 (136) (355) (145) (611) (1,247)
’23 1,098 (133) (229) (255) 481
’22 (214) (721) (452) 2 (1,385)
’21 382 (682) (697) (213) (1,081)
’20 404 (204) 131 (263) 68
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 19.6% a year for ten years.

Implied
19.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 8,966 9,094 9,696 10,076 9,603 9,722 9,800 11,237 10,290 12,168 12,337 +3.5% 12,844 13,291 13,772 +4.2%
Gross margin, % 67.64 69.45 66.74 66.53 68.18 64.01 59.00 70.99 67.03 65.82 63.43 (1.8) pt
EBT 1,298 1,268 1,855 1,950 2,301 (1,089) 1,002 3,081 1,825 2,374 1,936 +6.9%
EBT margin, % 14.48 13.94 19.13 19.35 23.96 (11.20) 10.22 27.42 17.74 19.51 15.69 +5.0 pt
Net income 887 1,574 1,438 1,693 1,905 (648) 1,031 2,563 1,772 2,111 1,766 +10.1%
Per share, $
Per share, $ Revenue 17.75 18.01 19.24 19.99 19.05 19.29 19.68 22.56 20.66 24.38 24.77 +3.6%
Earnings 1.75 3.10 2.83 3.33 3.76 (1.29) 2.06 5.13 3.56 4.23 3.54 +10.3%
Cash flow 6.56 6.46 5.78 6.70 6.15 3.44 3.02 7.64 4.28 6.61 6.54 +0.1%
Capex (8.51) (8.53) (8.05) (6.48) (6.02) (5.59) (5.80) (6.68) (6.79) (6.56) (6.89) (2.9%)
Free cash flow (1.95) (2.07) (2.27) 0.23 0.13 (2.14) (2.78) 0.97 (2.50) 0.05 (0.35) n/m
Book value 26.00 27.42 28.53 29.94 31.71 28.65 27.57 31.08 32.36 34.03 34.86 +3.0%
Shares, m 505 505 504 504 504 504 498 498 498 499 499 (0.1%)
Valuation, ×
Valuation, × P/E 24.79 16.40 18.26 17.68 15.51 0.00 30.18 11.95 23.80 19.03 20.66 17.8
P/S 2.44 2.83 2.71 2.95 3.06 3.46 3.15 2.73 4.09 3.29 2.95 3.1
P/B 1.67 1.86 1.82 1.97 1.84 2.33 2.25 1.98 2.61 2.36 2.09 2.1
EV/Sales 3.71 4.29 4.28 4.55 4.80 5.37 5.17 4.52 6.28 5.26 4.96 4.8
EV/FCF (33.78) (37.30) (36.27) 398.58 677.69 (43.18) (31.46) 200.10 (43.87) (318.47) (152.91) 73.2
Cash, $m
Cash, $m Operating cash flow 3,313 3,260 2,913 3,379 3,102 1,736 1,503 3,806 2,133 3,298 3,258 (0.1%)
Capex (4,298) (4,307) (4,058) (3,264) (3,034) (2,817) (2,888) (3,325) (3,380) (3,272) (3,431) (3.0%)
Free cash flow (985) (1,047) (1,145) 115 68 (1,081) (1,385) 481 (1,247) 26 (173) n/m
Balance, $m
Balance, $m Working capital (22) (856) (1,428) (1,816) (1,892) (822) (2,377) (1,684) (2,270) (1,144) 65 +55.1%
Net debt 11,360 13,297 15,301 16,076 16,700 18,620 19,805 20,179 22,582 23,942 24,797 +8.6%
Shareholders’ equity 13,130 13,847 14,377 15,089 15,984 14,438 13,729 15,477 16,114 16,982 17,362 +2.9%
Returns, %
Returns, % ROA 2.29 3.80 3.27 3.64 3.90 (1.31) 2.11 5.15 3.36 3.76 3.01 +1.5 pt
ROIC 4.08 3.29 4.84 3.90 4.34 (1.62) 2.57 6.46 3.80 4.55 3.96 +0.5 pt
ROE 6.77 11.67 10.19 11.49 12.26 (4.26) 7.32 17.55 11.22 12.76 10.28 +6.0 pt
People
People Employees 13,065 12,945 13,145 12,992 12,788 12,684 12,525 12,543 13,047 13,189 — +0.1%
Revenue/emp, $m 0.69 0.70 0.74 0.78 0.75 0.77 0.78 0.90 0.79 0.92 — +3.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Public Service Enterprise Group, or PSEG, is a utility holding company based in Newark, New Jersey. Its businesses deliver electricity and natural gas, generate nuclear power and provide related services. PSEG was founded in 1903 and incorporated in New Jersey in 1985. Ralph A. LaRossa is its chair, president and chief executive.

Its main utility, Public Service Electric and Gas Company, known as PSE&G, transmits electricity and distributes electricity and gas to homes, businesses and industrial customers in New Jersey. It also acts as the supplier of last resort for customers in its territory who do not choose another energy supplier. PSE&G invests in energy efficiency, solar projects and infrastructure that helps connect electric-vehicle chargers.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Public Service Electric and Gas Company 9,558 78.55%
PSEG Power & Other 3,722 30.59%
Gross margin 65.82%
Operating margin 24.49%
Pre-tax margin 19.51%

Revenue by segment since 2011

Public Service Enterprise Group Incorporated vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EXC Exelon Corporation $48.2B 18.1× 16.2× +9.16% (above 0%: growing) −18.60% (below 0%: shrinking) −410.43% (below 0%: shrinking) 60.14% 18.84% Compare
ED Consolidated Edison Inc $44.8B 19.4× 18.2× +8.45% (above 0%: growing) +8.38% (above 0%: growing) +237.96% (above 0%: growing) 0.00% 23.81% Compare
WEC WEC Energy Group, Inc. $38.9B 21.3× 20.7× +8.87% (above 0%: growing) +41.67% (above 0%: growing) +86.39% (above 0%: growing) 71.57% 24.61% Compare
PEG Public Service Enterprise Group Incorporated $36.4B 20.7× 17.6× −6.39% (below 0%: shrinking) −39.11% (below 0%: shrinking) −139.44% (below 0%: shrinking) 62.75% 20.60%
FTS Fortis $31.3B 23.2× 22.6× +4.39% (above 0%: growing) +28.66% (above 0%: growing) −10.20% (below 0%: shrinking) 47.83% 30.08% Compare
AEE Ameren Corporation $31.2B 19.7× 20.5× −5.81% (below 0%: shrinking) +11.76% (above 0%: growing) −51.22% (below 0%: shrinking) 73.90% 21.94% Compare
PCG Pacific Gas & Electric Co. $29.1B 9.8× 11.2× −0.99% (below 0%: shrinking) −8.11% (below 0%: shrinking) −892.50% (below 0%: shrinking) 83.63% 20.18% Compare
DTE DTE Energy Company $28.1B 20.5× 18.8× +5.67% (above 0%: growing) +11.88% (above 0%: growing) +230.17% (above 0%: growing) 0.00% 16.18% Compare
FE FirstEnergy Corporation $27.3B 22.6× 17.1× +9.86% (above 0%: growing) +26.32% (above 0%: growing) −44.47% (below 0%: shrinking) 63.57% 20.52% Compare
Median of peers $31.2B 20.1× 18.5× +7.06% +11.82% −27.33% 61.86% 21.23%

All 39 Utilities Regulated Electric stocks →

From the latest earnings call

Updated

  • CFO Daniel Cregg said PSEG Power’s hedges had limited its near-term exposure as the discount between its nuclear fleet’s pricing zone and PJM Western hub widened.
  • Cregg said PSE&G was on track with its 2026 regulated investment plan, while investment and customer growth increased its distribution margin.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 76.86%
Held by the ten largest 44.33%
Holder Shares Stake Change
Vanguard 68.53m 13.75% +377.64k
BlackRock 53.80m 10.79% +1.90m
State Street 29.48m 5.91% +399.19k
Bank of America 14.88m 2.98% +627.67k
Geode Capital Management 13.22m 2.65% +145.06k
Capital Group 12.47m 2.50% −3.50m
Morgan Stanley 7.65m 1.54% +790.95k
Invesco 7.57m 1.52% +278.56k
Legal & General 6.84m 1.37% +134.16k
Norges Bank 6.52m 1.31% +6.52m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Public Service Enterprise Group Incorporated (PEG) Latest News

3 Nov

Impact 3 · · utilitydive.com

2 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript

30 Oct

Impact 3 · · Simply Wall St.

28 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks
Impact 3 · · Zacks

27 Oct

Impact 4 · · ACCESS Newswire
Impact 3 · · Zacks
Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · Trefis

15 Oct

Impact 3 · · Barchart

13 Oct

Impact 3 · · ACCESS Newswire

8 Oct

Impact 4 · · ACCESS Newswire

2 Oct

Impact 4 ·

28 Sep

Impact 4 · · ACCESS Newswire

26 Sep

Impact 4 ·

24 Sep

Impact 4 · · ACCESS Newswire

22 Sep

Impact 3 · · PR Newswire

17 Sep

Impact 3 ·

26 Aug

Impact 3 ·

20 Aug

Impact 4 · · ACCESS Newswire

19 Aug

Impact 4 ·

11 Aug

Impact 4 · · The Motley Fool transcript

5 Aug

Impact 4 · · MarketBeat
Impact 3 · · utilitydive.com

4 Aug

Impact 3 · · Moby

PEG metrics, ten years each

stockrow.com/PEG · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com