Public Service Enterprise Group Inc. (PEG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.8	$0.86	+7.5%	—	—	—
Q4 26	$1.43	$1.55	+8.4%	—	—	—
Q3 26	$0.71	$0.72	+1.4%	—	—	—
Q2 26	$1.01	$1.13	+11.9%	—	—	—
Q1 26	$0.7	$0.77	+10.0%	—	—	—
Q4 25	$1.43	$1.43	0.0%	—	—	—
Q3 25	$0.83	$0.84	+1.2%	—	—	—
Q2 25	$0.88	$0.9	+2.3%	—	—	—
Q1 25	$0.62	$0.63	+1.6%	—	—	—
Q4 24	$1.32	$1.31	-0.8%	—	—	—
Q3 24	$0.52	$0.54	+3.8%	—	—	—
Q2 24	$0.75	$0.85	+13.3%	—	—	—
Q1 24	$0.62	$0.7	+12.9%	—	—	—
Q4 23	$1.25	$1.39	+11.2%	—	—	—
Q3 23	$0.62	$0.64	+3.2%	—	—	—
Q2 23	$0.83	$0.86	+3.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.22	—	—	$12.2B	—
FY24	—	$3.54	—	—	$10.3B	—
FY23	—	$5.15	—	—	$11.2B	—
FY22	—	$2.06	—	—	$9.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$9B	$9.1B	$9.7B	$10.1B	$9.6B	$9.7B	$9.8B	$11.2B	$10.3B	$12.2B
YoY change	-13.9%	+1.43%	+6.62%	+3.92%	-4.69%	+1.24%	+0.8%	+14.7%	-8.43%	+18.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	9B	9.1B	9.7B	10.1B	9.6B	9.7B	9.8B	11.2B	10.3B	12.2B
Cost of revenue	5.9B	5.7B	6.3B	6.5B	6.2B	6.7B	7.2B	6.4B	6.7B	7.9B
Gross profit	3.1B	3.4B	3.4B	3.6B	3.4B	3B	2.6B	4.8B	3.5B	4.2B
Gross margin	34.3%	37.6%	35.1%	35.7%	35.7%	30.8%	26.6%	43%	34.4%	34.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	-328M	-376M	218M	—	—
Operating expenses	-49M	-56M	-54M	-59M	—	-328M	-376M	218M	—	—
Operating income	1.6B	1.4B	2.2B	2.3B	2.1B	2.1B	1.9B	3.5B	2.4B	3B
Operating margin	17.8%	15.7%	23.1%	23.3%	22%	21.5%	18.9%	30.9%	22.9%	24.5%
Non-operating income, net	63M	209M	69M	42M	636M	-2.8B	-381M	174M	194M	233M
Pretax income	1.3B	1.3B	1.9B	1.9B	2.3B	-1.1B	1B	3.1B	1.8B	2.4B
Income tax	411M	-306M	417M	257M	396M	-441M	-29M	518M	53M	263M
Net income	887M	1.6B	1.4B	1.7B	1.9B	-648M	1B	2.6B	1.8B	2.1B
Net margin	9.89%	17.3%	14.8%	16.8%	19.8%	-6.67%	10.5%	22.8%	17.2%	17.3%
EBITDA	3.3B	3.6B	3.7B	4B	3.9B	3.6B	3.2B	4.9B	3.9B	4.6B
EPS	1.76	3.1	2.83	3.33	3.76	-1.29	2.06	5.15	3.54	4.22
Diluted EPS	1.75	3.1	2.83	3.33	3.76	-1.29	2.06	5.13	3.54	4.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.5B	2.6B	2.8B	2.4B	2.6B	2.5B	3.2B	2.8B	3.2B	2.9B	3.8B	2.6B
Cost of revenue	1.6B	1.6B	1.8B	1.6B	1.7B	1.7B	2.1B	1.7B	2.1B	2.1B	2.4B	1.8B
Gross profit	833M	991M	980M	867M	935M	759M	1.1B	1.1B	1.2B	829M	1.4B	782M
Gross margin	33.9%	38%	35.5%	35.8%	35.4%	30.8%	34.7%	40.1%	36.1%	28.4%	36.5%	30.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	-19M	-18M	—	—	—	—	—	—	—	—
Operating expenses	—	—	-19M	-18M	—	—	—	—	—	—	—	—
Operating income	551M	481M	704M	600M	641M	451M	797M	817M	855M	511M	1.1B	461M
Operating margin	22.4%	18.5%	25.5%	24.8%	24.3%	18.3%	24.7%	29.1%	26.5%	17.5%	27.9%	18.1%
Non-operating income, net	-328M	311M	104M	19M	116M	-82M	33M	119M	89M	-8M	12M	174M
Pretax income	65M	687M	629M	437M	559M	200M	617M	726M	720M	311M	848M	398M
Income tax	-74M	141M	97M	3M	39M	-86M	28M	141M	98M	-4M	107M	64M
Net income	139M	546M	532M	434M	520M	286M	589M	585M	622M	315M	741M	334M
Net margin	5.66%	21%	19.3%	17.9%	19.7%	11.6%	18.3%	20.9%	19.3%	10.8%	19.3%	13.1%
EBITDA	607M	1.1B	1.1B	966M	1B	846M	1.2B	1.2B	1.3B	905M	1.5B	885M
EPS	0.28	1.1	1.06	0.87	1.04	0.57	1.18	1.17	1.25	0.63	1.48	0.67
Diluted EPS	0.27	1.09	1.06	0.87	1.04	0.57	1.18	1.17	1.24	0.63	1.48	0.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	22.2B	26B	26.2B	29.8B	29.4B	33.6B	30.5B	30.5B	42.1B	40.1B	33.3B
Enterprise value	33.5B	39.3B	41.5B	46.1B	46.3B	52.4B	50.5B	50.8B	42B	64.1B	57.9B
Shares outstanding	505M	505M	504M	504M	504M	504M	498M	498M	498M	499M	499M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25	16.5	18.2	17.6	15.4	—	29.6	11.9	23.7	19	16.6
P/S	2.47	2.86	2.71	2.95	3.06	3.46	3.11	2.71	4.09	3.29	2.65
P/B	1.69	1.88	1.82	1.97	1.84	2.33	2.22	1.97	2.61	2.36	1.92
EV/EBITDA	10.2	10.9	11.4	11.4	11.9	14.8	15.6	10.3	10.7	13.9	13
EV/Sales	3.74	4.32	4.28	4.58	4.83	5.39	5.15	4.52	4.08	5.27	4.62
Earnings yield	4%	6.05%	5.48%	5.69%	6.48%	—	3.38%	8.42%	4.21%	5.27%	6.03%
FCF yield	-4.45%	-4.03%	-4.36%	0.39%	0.23%	-2.92%	-4.54%	1.58%	-2.96%	0.06%	0.32%
PEG	—	—	—	—	—	—	—	—	—	—	-0.39

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	34.3%	37.6%	35.1%	35.7%	35.7%	30.8%	26.6%	43%	34.4%	34.8%	30.6%
Operating margin	17.8%	15.7%	23.1%	23.3%	22%	21.5%	18.9%	30.9%	22.9%	24.5%	18.9%
Net margin	9.89%	17.3%	14.8%	16.8%	19.8%	-6.67%	10.5%	22.8%	17.2%	17.3%	16%
ROE	6.76%	11.4%	10%	11.2%	11.9%	-4.49%	7.51%	16.6%	11%	12.4%	11.8%
ROA	2.21%	3.68%	3.17%	3.55%	3.81%	-1.32%	2.12%	5.05%	3.24%	3.67%	3.24%
ROIC	4.46%	5.26%	5.86%	6.48%	5.31%	6.29%	5.5%	8.07%	14.3%	6.45%	6.13%
Return on tangible assets	2.23%	3.71%	3.19%	3.57%	3.83%	-1.32%	2.12%	5.05%	3.24%	3.67%	3.42%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.99	0.79	0.71	0.64	0.66	0.88	0.64	0.67	0.65	0.8	0.88
Quick ratio	0.72	0.59	0.53	0.46	0.5	0.78	0.5	0.46	0.65	0.6	0.67
Debt / equity	0.9	0.98	1.08	1.09	1.09	1.36	1.49	1.32	—	1.43	1.42
Debt / assets	0.29	0.32	0.34	0.35	0.35	0.4	0.42	0.4	—	0.42	0.42
Net debt / EBITDA	3.47	3.68	4.18	4.06	4.34	5.29	6.17	4.14	—	5.23	5.37
Interest coverage	4.37	4.24	4.9	4.82	5.49	-1.18	2.78	5.48	3.17	3.47	3.25
Effective tax rate	31.7%	0%	22.5%	13.2%	17.2%	0%	0%	16.8%	2.9%	11.1%	11.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.8	18	19.2	20	19.1	19.3	19.7	22.6	20.7	24.4	25.2
EPS (basic)	1.76	3.1	2.83	3.33	3.76	-1.29	2.06	5.15	3.54	4.22	4.22
EPS (diluted)	1.75	3.1	2.83	3.33	3.76	-1.29	2.06	5.13	3.54	4.21	4.02
Book value per share	26	27.4	28.5	29.9	31.7	28.6	27.6	31.1	32.4	34	34.8
FCF per share	-1.95	-2.07	-2.27	0.23	0.13	-1.95	-2.78	0.97	-2.5	0.05	0.55
Cash per share	0.84	0.62	0.35	0.29	1.08	1.62	0.93	0.11	0.25	0.26	0.39
Capex per share	8.31	8.3	7.7	6.14	5.2	4.27	1.95	6.6	6.79	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	46.8%	46.1%	40%	30.7%	27.3%	22.1%	9.9%	29.3%	32.8%	—	—
Capex / operating cash flow	144.4%	132.4%	141%	85.5%	77%	-158%	118.7%	65.5%	166.2%	—	—
Payout ratio	93.6%	55.3%	63.3%	56.1%	52%	-159.1%	104.7%	44.4%	67.5%	59.6%	64.7%
Dividend yield	3.75%	3.35%	3.47%	3.19%	3.37%	3.07%	3.54%	3.73%	2.84%	3.14%	4.02%

Yield

4.02%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.67

ex-dividend Sep 9, 2026

Payout ratio

65%

of earnings

Dividend growth

14 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 9, 2026	$0.67
Jun 9, 2026	$0.67
Mar 10, 2026	$0.67

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.5B	$2.6B	$2.8B	$2.4B	$2.6B	$2.5B	$3.2B	$2.8B	$3.2B	$2.9B	$3.8B	$2.6B
YoY change	+8.1%	-17%	-26.5%	+0.08%	+7.57%	-5.37%	+16.7%	+15.8%	+22.1%	+18.3%	+19.4%	-8.95%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	423M	313M	177M	147M	543M	818M	465M	54M	125M	132M
Receivables	1.2B	1.3B	1.4B	1.3B	1.4B	1.9B	1.9B	1.5B	1.6B	1.9B
Inventory	887M	866M	902M	897M	878M	744M	960M	1B	—	1.2B
Total current assets	3.3B	3.3B	3.5B	3.2B	3.6B	6.3B	4.3B	3.4B	4.2B	4.6B
Property, plant & equipment	-5.6B	-3.9B	-6.1B	-6.3B	-6.5B	-6.5B	-7.2B	-7.8B	1.3B	-8.9B
Goodwill & intangibles	228M	260M	318M	298M	316M	40M	28M	—	—	—
Total assets	40.1B	42.7B	45.3B	47.7B	50B	49B	48.7B	50.7B	54.6B	57.6B
Accounts payable	1.5B	1.7B	1.5B	1.4B	1.3B	1.3B	1.3B	1.2B	1.1B	1.5B
Short-term debt	888M	1.5B	2.3B	2.5B	2.7B	4.2B	3.8B	2.4B	—	2.4B
Total current liabilities	3.3B	4.2B	4.9B	5B	5.5B	7.1B	6.7B	5.1B	6.5B	5.7B
Long-term debt	10.9B	12.1B	13.2B	14B	14.7B	15.4B	16.7B	18B	—	21.8B
Total liabilities	26.9B	28.9B	30.9B	32.6B	34.1B	34.6B	35B	35.3B	38.5B	40.6B
Shareholders' equity	13.1B	13.8B	14.4B	15.1B	16B	14.4B	13.7B	15.5B	16.1B	17B
Total debt	11.8B	13.6B	15.5B	16.5B	17.5B	19.6B	20.4B	20.4B	—	24.2B
Net debt	11.4B	13.3B	15.3B	16.3B	17B	18.8B	20B	20.4B	—	24.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	57M	54M	1.2B	113M	203M	125M	894M	186M	334M	132M	404M	192M
Receivables	1.4B	1.5B	1.5B	1.4B	1.5B	1.6B	1.8B	1.7B	1.6B	1.9B	2.1B	1.9B
Inventory	970M	1B	921M	1B	1.2B	—	991M	1.1B	1.2B	1.2B	977M	1.1B
Total current assets	3.3B	3.4B	4.3B	3.6B	4B	4.2B	4.8B	4.6B	4.7B	4.6B	4.4B	4.6B
Property, plant & equipment	37.6B	-7.8B	38.7B	39.2B	39.8B	1.3B	40.4B	40.9B	41.5B	-8.9B	42.6B	43.1B
Goodwill & intangibles	46M	—	—	—	—	—	—	—	—	—	—	—
Total assets	49.6B	50.7B	52.4B	52.4B	54.1B	54.6B	55.6B	56B	56.9B	57.6B	57.9B	58.8B
Accounts payable	1.1B	1.2B	980M	1.1B	1.1B	1.1B	1.1B	1.2B	1.3B	1.5B	1.2B	1.3B
Short-term debt	2.7B	2.4B	3B	3B	2.9B	—	3B	1.6B	1.7B	2.4B	1.6B	1.8B
Total current liabilities	5.2B	5.1B	5.4B	5.5B	5.9B	6.5B	5.8B	4.6B	5B	5.7B	4.5B	5.2B
Long-term debt	17.2B	18B	18.9B	18.6B	19.1B	—	20.5B	21.8B	21.8B	21.8B	22.8B	22.9B
Total liabilities	34.4B	35.3B	36.7B	36.6B	38B	38.5B	39.2B	39.4B	39.9B	40.6B	40.6B	41.5B
Shareholders' equity	15.2B	15.5B	15.7B	15.8B	16.1B	16.1B	16.4B	16.7B	17B	17B	17.3B	17.3B
Total debt	19.9B	20.4B	22B	21.6B	22.1B	—	23.5B	23.4B	23.5B	24.2B	24.4B	24.7B
Net debt	19.9B	20.4B	20.8B	21.4B	21.9B	—	22.7B	23.2B	23.2B	24.1B	24B	24.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	887M	1.6B	1.4B	1.7B	1.9B	-648M	1B	2.6B	1.8B	2.1B
Depreciation & amortization	1.7B	2.2B	1.3B	1.4B	1.5B	1.4B	1.3B	1.3B	1.4B	1.5B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	124M	-7M	-160M	281M	170M	-916M	-753M	1.3B	-606M	219M
Operating cash flow	2.9B	3.2B	2.8B	3.6B	3.4B	-1.4B	817M	5B	2B	3.3B
Capital expenditure	-4.2B	-4.2B	-3.9B	-3.1B	-2.6B	-2.1B	-970M	-3.3B	-3.4B	—
Investing cash flow	-4.2B	-4.2B	-3.7B	-3.1B	-2.6B	-2.2B	-1.1B	-3B	-3.3B	-36M
Dividends paid	-830M	-870M	-910M	-950M	-991M	-1B	-1.1B	-1.1B	-1.2B	-1.3B
Share repurchases	—	—	—	—	—	0	-500M	0	0	—
Financing cash flow	966M	885M	887M	-257M	-882M	499M	-4.1B	-3.5B	728M	-152M
Net change in cash	-307M	-110M	-103M	289M	-59M	-3.1B	-4.4B	-1.4B	-544M	3.1B
Free cash flow	-985M	-1B	-1.1B	115M	68M	-983M	-1.4B	481M	-1.2B	26M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	139M	546M	532M	434M	520M	286M	589M	585M	622M	315M	741M	334M
Depreciation & amortization	332M	337M	346M	327M	346M	354M	373M	356M	364M	366M	383M	375M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-133M	202M	-256M	190M	-24M	-373M	39M	152M	127M	-61M	37M	-21M
Operating cash flow	162M	1B	483M	870M	800M	24M	842M	478M	1.1B	721M	1.3B	550M
Capital expenditure	-916M	-948M	-797M	-837M	-768M	-978M	-628M	—	—	—	—	—
Investing cash flow	-911M	-928M	-785M	-827M	-751M	-943M	-618M	17M	56M	-119M	-43M	51M
Dividends paid	-284M	-284M	-299M	-299M	-299M	-299M	-314M	-315M	-314M	-315M	-334M	-334M
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-528M	222M	824M	-809M	211M	502M	345M	-173M	-54M	923M	-1.1B	-262M
Net change in cash	-1.3B	299M	522M	-766M	260M	-417M	569M	322M	1.1B	1.5B	101M	339M
Free cash flow	-229M	-255M	-136M	-355M	-145M	-611M	421M	-309M	322M	-408M	578M	-216M

Date	Ratio
Feb 5, 2008	2:1
Jul 27, 1987	3:2

Public Service Enterprise Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history