undamentalytics Newsletter

Multi-Utilities stocks

19 US-listed companies in multi-utilities, with $177.3bn of combined revenue in their latest fiscal years. NextEra Energy is the largest ($27.4bn). The fastest grower with at least $100m of revenue in both years is DTE Energy, up 26.9%. The median company grew 8.9% with a net margin of 11.8%.

Companies19
Combined revenue$177.3bn
Median revenue growth8.9%
Median net margin11.8%
Median return on equity9.2%
#CompanyRevenueGrowthNet marginROEFiscal year
1 NextEra EnergyNEE $27.4bn 10.7% 24.9% 13.1% 2025
2 PG&E CorporationPCG $24.9bn 2.1% 10.4% 8.3% 2025
3 Consolidated EdisonED $16.9bn 10.9% 12.0% 8.8% 2025
4 Dominion EnergyD $16.5bn 14.2% 18.2% 10.7% 2025
5 DTE EnergyDTE $15.8bn 26.9% 9.2% 12.2% 2025
6 Xcel EnergyXEL $14.7bn 9.1% 13.8% 9.4% 2025
7 SempraSRE $13.7bn 3.9% 13.4% 5.8% 2025
8 CenterPoint EnergyCNP $9.4bn 8.3% 11.2% 9.6% 2025
9 AmerenAEE $8.8bn 15.4% 16.5% 11.4% 2025
10 CMS EnergyCMS $8.5bn 13.6% 12.5% 12.3% 2025
11 NiSourceNI $6.5bn 23.5% 14.3% 10.3% 2025
12 Pinnacle West CapitalPNW $5.3bn 4.2% 11.5% 8.9% 2025
13 Black Hills CorpBKH $2.3bn 8.6% 12.6% 8.0% 2025
14 Avista CorpAVA $2.0bn 1.3% 9.8% 7.3% 2025
15 MDU Resources Group IncMDU $1.9bn 6.7% 10.2% 7.0% 2025
16 Northwestern Energy Group, Inc.NWE $1.6bn 6.4% 11.2% 6.3% 2025
17 Unitil CorpUTL $536m 8.3% 9.4% 8.9% 2025
18 Genie Energy Ltd.GNE $502m 18.1% 4.8% 9.7% 2025
19 Gridai Technologies Corp.GRDX $36,251 — −17634.4% −43.3% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other utilities industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.