Utilities Independent Power Producers industry stocks

The Utilities Independent Power Producers industry has 8 US-listed companies on stockrow and is part of the Utilities sector, with a combined market value of $186.6B. Constellation Energy Corporation (CEG) is the largest at $92.8B, followed by Vistra Corp. and NRG Energy, Inc.. The median Utilities Independent Power Producers stock trades at 25.6× trailing earnings, above the market median of 17.9×, with a median net margin of 1.18% (market: 0.55%). Median revenue growth over the last twelve months is 12.8%. 4 of the 8 pay a dividend; the median yield among payers is 2.44%.

Utilities Independent Power Producers medians

Metric Industry Market
P/E 25.6× 17.9×
P/S 2.8× 2.0×
P/B 3.3× 1.8×
EV/EBITDA 13.7× 11.0×
EV/Sales 3.6× 2.2×
Earnings yield 2.03% 1.18%
Free cash flow yield −1.89% 0.48%
Gross margin 38.0% 46.3%
Operating margin 4.83% 0.00%
Net margin 1.18% 0.55%
Free cash flow margin 0.50% 0.00%
Return on equity 1.70% 1.76%
Return on assets 0.93% 0.00%
Return on invested capital 2.93% 0.00%
Revenue growth (TTM) 12.8% 7.41%
Revenue growth, 5-year CAGR 15.8% 8.85%
Net income growth, 5-year CAGR 1.71% 0.00%
Debt to equity 0.7× 0.2×
Current ratio 1.2× 1.6×
Net debt to EBITDA 3.9× 0.6×
Payout ratio 0.2× 0.0×
Market cap $11.0B $612.7M

All 8 companies

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Ticker Company Market cap Price 1D P/E Net margin Revenue growth Dividend yield
CEG Constellation Energy Corporation 92.84b 263.27 0.63% 25.63 11.08% 25.98% 0.88%
VST Vistra Corp. 46.65b 138.46 0.38% 23.08 10.55% 3.80% 1.95%
NRG NRG Energy, Inc. 20.66b 100.37 2.58% 26.41 2.36% 12.80% 2.92%
TLN Talen Energy Corporation 14.81b 304.42 1.47% 0.00 (5.38%) 60.83% —
OKLO Oklo Inc. 7.21b 38.04 (0.65%) 0.00 0.00% — —
KEN Kenon Holdings Ltd. 3.32b 63.75 (0.02%) 22.67 10.03% 53.35% 10.97%
HNRG Hallador Energy Company 685.46m 14.72 1.24% 368.00 (0.20%) 7.85% —
DGXX Digi Power X Inc. 472.54m 4.59 1.32% 0.00 (119.23%) (6.15%) —

Updated 26 September 2026