Exelon Corporation (EXC) vs NextEra Energy, Inc. (NEE)

Exelon Corporation and NextEra Energy, Inc. are both Utilities Regulated Electric companies. NextEra Energy, Inc. is the larger, with a market value of $158.3B against $41.4B — 3.8× the size. Exelon Corporation trades at the lower P/E: 14.8× against 17.1×. NextEra Energy, Inc. grew revenue faster over the last twelve months: 10.8% against 6.57%. NextEra Energy, Inc. has the higher net margin (32.4% vs 11.0%) and the lower return on invested capital (3.05% vs 4.18%). Both pay a dividend; Exelon Corporation yields more (4.33% vs 3.63%). Across the 22 metrics below, Exelon Corporation leads on 13 and NextEra Energy, Inc. on 9.

Valuation

Metric EXC NEE Utilities Regulated Electric median
P/E 14.78 17.11 18.84
P/S 1.63 5.53 2.52
P/B 1.39 2.33 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 10.01 16.83 11.82
EV/Sales 3.57 9.27 4.58
Earnings yield 6.77% 5.84% 5.30%
Free cash flow yield (4.63%) (10.44%) (5.06%)

Profitability

Metric EXC NEE Utilities Regulated Electric median
Gross margin 63.53% 81.54% 66.28%
Operating margin 20.80% 29.82% 21.79%
Net margin 10.99% 32.40% 12.94%
Free cash flow margin (7.56%) (57.72%) (11.51%)
Return on equity 9.71% 14.42% 9.75%
Return on assets 2.40% 4.31% 2.75%
Return on invested capital 4.18% 3.05% 3.87%

Growth

Metric EXC NEE Utilities Regulated Electric median
Revenue growth (TTM) 6.57% 10.81% 7.43%
EPS growth (last fiscal year) 11.43% (2.08%) —
Revenue growth, 5-year CAGR 7.80% 8.78% 6.75%
Net income growth, 5-year CAGR 7.11% 18.55% 6.44%

Health

Metric EXC NEE Utilities Regulated Electric median
Debt to equity 1.73 1.62 1.53
Current ratio 1.09 0.53 0.81
Net debt to EBITDA 5.50 6.10 5.25

Dividend

Metric EXC NEE Utilities Regulated Electric median
Dividend yield 4.33% 3.63% 4.33%
Payout ratio 0.65 0.44 0.66

Size

Metric EXC NEE Utilities Regulated Electric median
Market cap 41.44b 158.26b 22.90b

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