Public Service Enterprise Group (PEG) Financials

$83.63 +0.34 (+0.41%)

Closing price 08/22/2025 03:59 PM Eastern

Extended Trading

$83.74 +0.11 (+0.13%)

As of 08/22/2025 07:56 PM Eastern

Annual Income Statements for Public Service Enterprise Group

This table shows Public Service Enterprise Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,518	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772
Consolidated Net Income / (Loss)	1,518	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772
Net Income / (Loss) Continuing Operations	1,518	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772
Total Pre-Tax Income	2,456	2,680	1,298	1,268	1,855	1,950	2,301	-1,089	1,002	3,081	1,825
Total Operating Income	2,623	2,962	1,598	1,429	2,298	1,943	2,270	-856	1,381	3,685	2,353
Total Gross Profit	7,736	7,437	3,074	3,415	3,402	6,965	6,488	6,496	6,622	8,087	6,934
Total Revenue	10,886	10,415	8,966	9,094	9,696	10,076	9,603	9,722	9,800	11,237	10,290
Operating Revenue	10,886	10,415	8,966	9,094	9,696	10,076	9,603	9,722	9,800	11,237	10,290
Total Cost of Revenue	3,150	2,978	5,892	5,679	6,294	3,111	3,115	3,226	3,178	3,150	3,356
Operating Cost of Revenue	3,150	2,978	5,892	5,679	6,294	3,111	3,115	3,226	3,178	3,150	3,356
Total Operating Expenses	5,113	4,475	1,476	1,986	1,104	5,022	4,218	7,352	5,241	4,402	4,581
Depreciation Expense	1,227	1,214	1,476	1,986	1,158	1,248	1,285	1,216	1,100	1,135	1,182
Other Operating Expenses / (Income)	3,886	3,261	-	-	-	3,372	3,056	3,499	4,018	3,260	3,393
Other Special Charges / (Income)	-	-	-	0.00	-54	402	-123	2,637	123	7.00	6.00
Total Other Income / (Expense), net	-167	-282	-300	-161	-443	7.00	31	-233	-379	-604	-528
Interest Expense	389	393	385	391	476	569	600	869	628	748	882
Interest & Investment Income	-7.00	-41	5.00	134	-128	451	516	538	125	-28	201
Other Income / (Expense), net	229	152	80	96	161	125	115	98	124	172	153
Income Tax Expense	938	1,001	411	-306	417	257	396	-441	-29	518	53
Basic Earnings per Share	$3.00	$3.32	$1.76	$3.12	$2.85	$3.35	$3.78	($1.29)	$2.07	$5.15	$3.56
Weighted Average Basic Shares Outstanding	506M	505M	505M	505M	504M	504M	504M	504M	498M	498M	498M
Diluted Earnings per Share	$2.99	$3.30	$1.75	$3.10	$2.83	$3.33	$3.76	($1.29)	$2.06	$5.13	$3.54
Weighted Average Diluted Shares Outstanding	508M	508M	508M	507M	507M	507M	507M	504M	501M	500M	500M
Weighted Average Basic & Diluted Shares Outstanding	506M	505.70M	504M	504.50M	637.45M	637.58M	637.54M	634.53M	631.22M	631.04M	631.01M
Cash Dividends to Common per Share	$1.48	$1.56	$1.64	$1.72	$1.80	$1.88	$1.96	$2.04	$2.16	$2.28	$2.40

This table shows Public Service Enterprise Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	788	1,287	591	139	546	532	434	520	286	589	585
Consolidated Net Income / (Loss)	788	1,287	591	139	546	532	434	520	286	589	585
Net Income / (Loss) Continuing Operations	788	1,287	591	139	546	532	434	520	286	589	585
Total Pre-Tax Income	1,003	1,585	744	65	687	629	437	559	200	617	726
Total Operating Income	964	1,648	794	551	692	685	582	641	445	797	817
Total Gross Profit	2,271	3,012	1,677	1,664	1,734	1,977	1,599	1,834	1,524	2,303	1,951
Total Revenue	3,139	3,755	2,421	2,456	2,605	2,760	2,423	2,642	2,465	3,222	2,805
Operating Revenue	3,139	3,755	2,421	2,456	2,605	2,760	2,423	2,642	2,465	3,222	2,805
Total Cost of Revenue	868	743	744	792	871	783	824	808	941	919	854
Operating Cost of Revenue	868	743	744	792	871	783	824	808	941	919	854
Total Operating Expenses	1,307	1,364	883	1,113	1,042	1,292	1,017	1,193	1,079	1,506	1,134
Depreciation Expense	278	282	279	282	292	295	285	294	308	320	308
Other Operating Expenses / (Income)	996	1,082	604	831	743	997	732	899	765	1,186	826
Total Other Income / (Expense), net	39	-63	-50	-486	-5.00	-56	-145	-82	-245	-180	-91
Interest Expense	178	180	185	185	198	205	218	227	232	241	248
Interest & Investment Income	179	75	86	-342	153	114	26	108	-47	24	111
Other Income / (Expense), net	38	42	49	41	40	35	47	37	34	37	46
Income Tax Expense	215	298	153	-74	141	97	3.00	39	-86	28	141
Basic Earnings per Share	$1.58	$2.59	$1.19	$0.28	$1.09	$1.07	$0.87	$1.04	$0.58	$1.18	$1.17
Weighted Average Basic Shares Outstanding	498M	497M	497M	498M	498M	499M	498M	498M	498M	498M	499M
Diluted Earnings per Share	$1.58	$2.58	$1.18	$0.27	$1.10	$1.06	$0.87	$1.04	$0.57	$1.18	$1.17
Weighted Average Diluted Shares Outstanding	501M	500M	500M	500M	500M	500M	500M	500M	500M	500M	500M
Weighted Average Basic & Diluted Shares Outstanding	631.22M	631.42M	631.56M	630.76M	631.04M	630.53M	630.61M	630.68M	631.01M	631.45M	631.53M
Cash Dividends to Common per Share	-	$0.57	$0.57	$0.57	-	$0.60	$0.60	$0.60	-	$0.63	$0.63

This table details how cash moves in and out of Public Service Enterprise Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-91	-8.00	31	2,398	-116	-23	396	291	-352	-412	55
Net Cash From Operating Activities	3,160	3,919	3,313	5,319	2,913	-3,379	3,102	1,736	1,503	3,806	2,133
Net Cash From Continuing Operating Activities	3,160	3,919	3,313	5,319	2,913	3,379	3,102	1,822	1,503	3,806	2,133
Net Income / (Loss) Continuing Operations	1,518	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772
Consolidated Net Income / (Loss)	1,518	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772
Depreciation Expense	1,227	1,214	1,476	3,939	1,158	1,248	1,285	1,216	1,100	1,135	1,182
Amortization Expense	200	213	203	604	187	178	184	187	231	271	316
Non-Cash Adjustments To Reconcile Net Income	454	-167	209	452	438	-9.00	-478	2,129	252	-1,875	-943
Changes in Operating Assets and Liabilities, net	-239	980	538	318	-308	269	206	-1,062	-1,111	1,712	-194
Net Cash From Investing Activities	-2,892	-3,942	-4,248	-4,218	-3,916	-3,145	-2,676	-2,244	-1,101	-2,958	-3,306
Net Cash From Continuing Investing Activities	-2,892	-3,942	-4,248	-4,218	-3,916	-3,145	-2,676	-2,244	-1,101	-2,958	-3,306
Purchase of Property, Plant & Equipment	-2,820	-3,863	-4,199	-	-3,912	-3,166	-2,923	-2,719	-2,888	-3,325	-3,380
Acquisitions	-101	-106	-99	-	-146	-98	0.00	-111	-124	0.00	0.00
Purchase of Investments	-1,934	-1,552	-856	-	-1,473	-1,814	-2,250	-2,092	-1,611	-1,751	-1,563
Sale of Property, Plant & Equipment	-	-	-	4,190	31	70	301	569	1,918	37	0.00
Divestitures	-	-	-	117	-	-	-	0.00	0.00	291	0.00
Sale and/or Maturity of Investments	1,940	1,501	824	9,113	1,501	1,787	2,234	2,100	1,586	1,714	1,537
Other Investing Activities, net	23	78	82	-128	83	76	-38	9.00	18	76	100
Net Cash From Financing Activities	-359	15	966	1,297	887	-257	-30	799	-754	-1,260	1,228
Net Cash From Continuing Financing Activities	-359	15	966	1,297	887	-257	-30	799	-754	-1,260	1,228
Repayment of Debt	-797	-495	-800	-87	-876	-1,151	-2,217	-3,420	-4,019	-3,575	-1,256
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-500	0.00	0.00
Payment of Dividends	-748	-789	-830	1,220	-910	-950	-991	-1,031	-1,079	-1,137	-1,196
Issuance of Debt	1,250	1,350	2,675	3,604	2,750	1,900	3,250	5,325	4,850	3,550	3,750
Other Financing Activities, net	-64	-51	-79	-	-77	-56	-72	-75	-6.00	-98	-70
Cash Interest Paid	382	381	365	719	454	539	568	547	602	683	799
Cash Income Taxes Paid	538	447	-245	-35	99	41	297	425	353	144	68

This table details how cash moves in and out of Public Service Enterprise Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	93	1,340	-1,378	-483	109	1,125	-1,029	-346	305	776	-715
Net Cash From Operating Activities	802	2,215	194	577	820	661	532	194	746	1,049	478
Net Cash From Continuing Operating Activities	802	2,003	282	701	820	661	441	194	746	1,049	478
Net Income / (Loss) Continuing Operations	788	1,287	591	139	546	532	434	520	286	589	585
Consolidated Net Income / (Loss)	788	1,287	591	139	546	532	434	520	286	589	585
Depreciation Expense	278	526	35	282	292	295	285	294	308	320	308
Amortization Expense	90	-	-	72	69	78	42	142	81	91	89
Non-Cash Adjustments To Reconcile Net Income	-508	238	-1,724	208	-597	-3.00	-237	-559	-262	-3.00	-424
Changes in Operating Assets and Liabilities, net	154	-48	1,250	-	510	-241	-83	-203	333	52	-80
Net Cash From Investing Activities	-802	-1,387	268	-911	-928	-785	-827	-751	-943	-618	-770
Net Cash From Continuing Investing Activities	-802	-752	-367	-911	-928	-785	-827	-751	-943	-618	-770
Purchase of Property, Plant & Equipment	-800	-739	-705	-916	-965	-797	-837	-768	-978	-628	-787
Purchase of Investments	-302	-415	-327	-283	-726	-380	-461	-453	-269	-410	-346
Sale and/or Maturity of Investments	305	402	319	277	716	369	445	442	281	394	337
Other Investing Activities, net	115	-	-	10	30	23	26	28	23	26	26
Net Cash From Financing Activities	93	-380	-824	-273	217	1,249	-734	211	502	345	-423
Net Cash From Continuing Financing Activities	93	96	-1,300	-273	217	1,249	-734	211	502	345	-423
Repayment of Debt	-735	-750	-1,535	-889	-401	-675	-462	-590	471	-1,193	-1,350
Payment of Dividends	-269	-	-	-284	-284	-299	-299	-299	-299	-314	-315
Issuance of Debt	1,100	900	750	900	1,000	2,250	-	1,100	400	1,900	1,250
Other Financing Activities, net	-3.00	-54	-	-	-	-27	-	-	-	-48	-8.00
Cash Interest Paid	186	148	199	154	182	172	203	190	234	226	216
Cash Income Taxes Paid	1.00	-72	135	34	47	-4.00	21	10	41	-71	16

This table presents Public Service Enterprise Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,556	3,516	40,070	42,716	89,029	47,730	50,050	48,999	48,718	50,741	54,640
Total Current Assets	1,048	978	3,254	3,312	6,921	3,231	3,630	6,250	4,303	3,373	4,235
Cash & Equivalents	-	-	423	313	238	147	543	818	465	54	125
Accounts Receivable	284	197	1,421	1,644	3,668	1,552	1,639	2,076	2,266	1,726	1,910
Inventories, net	-	-	561	577	1,140	587	601	448	540	759	892
Prepaid Expenses	-	-	76	118	118	79	51	63	93	144	117
Current Deferred & Refundable Income Taxes	211	305	78	127	262	21	63	9.00	79	10	394
Other Current Assets	553	476	695	533	1,495	845	733	2,836	860	680	797
Plant, Property, & Equipment, net	0.00	0.00	29,286	31,797	68,561	35,844	37,585	34,366	35,942	38,031	40,064
Plant, Property & Equipment, gross	-	-	39,337	41,231	88,402	45,944	48,569	43,684	45,924	48,603	51,207
Accumulated Depreciation	-	-	10,051	9,434	19,497	10,100	10,984	9,318	9,982	10,572	11,143
Total Noncurrent Assets	2,508	2,538	7,313	7,607	13,547	8,655	8,835	8,383	8,473	9,337	10,341
Long-Term Investments	-	-	1,050	932	1,252	812	536	541	624	295	263
Noncurrent Note & Lease Receivables	580	495	589	686	624	813	945	828	551	632	558
Other Noncurrent Operating Assets	1,780	1,754	5,456	5,859	11,353	6,731	7,196	6,947	7,293	8,410	9,520
Total Liabilities & Shareholders' Equity	67	6.00	40,070	42,716	89,029	47,730	50,050	48,999	48,718	50,741	54,640
Total Liabilities	701	676	26,488	28,327	57,792	32,641	34,066	34,561	34,989	35,264	38,995
Total Current Liabilities	284	676	3,276	4,168	8,602	5,047	5,522	7,072	6,680	5,057	6,505
Short-Term Debt	0.00	364	888	1,542	3,319	2,480	2,747	4,219	3,775	2,449	3,743
Accounts Payable	-	-	1,459	1,694	2,999	1,358	1,332	1,315	1,271	1,214	1,136
Current Deferred Revenue	121	128	132	129	272	119	98	179	290	89	93
Current Deferred & Payable Income Tax Liabilities	21	42	31	48	26	41	124	67	12	8.00	10
Other Current Liabilities	142	142	669	652	1,771	933	1,095	1,027	1,198	1,127	1,304
Other Current Nonoperating Liabilities	-	-	97	103	215	116	126	265	134	170	219
Total Noncurrent Liabilities	417	0.00	12,769	12,633	49,190	27,594	28,544	27,489	28,309	30,207	32,490
Long-Term Debt	-	-	10,895	12,068	24,643	13,743	14,496	15,219	16,495	17,784	18,964
Capital Lease Obligations	-	-	-	-	0.00	273	252	191	169	173	153
Asset Retirement Reserve & Litigation Obligation	417	0.00	1,245	4,329	9,160	4,438	4,205	4,315	3,970	3,756	3,996
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	8,838	5,415	11,488	6,438	6,590	5,859	5,791	6,716	7,378
Noncurrent Employee Benefit Liabilities	-	-	2,020	2,121	3,413	2,483	2,783	1,704	1,652	1,571	1,790
Other Noncurrent Operating Liabilities	-	-	214	226	486	219	218	201	232	207	209
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	-	-	-	0.00
Total Equity & Noncontrolling Interests	-634	-670	9,086	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114
Total Preferred & Common Equity	12,185	13,066	13,130	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114
Total Common Equity	-635	-671	9,086	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114
Common Stock	-	-	892	4,961	9,181	5,003	5,031	5,045	5,065	5,018	5,057
Retained Earnings	-	-	9,174	9,878	23,561	11,406	12,318	10,639	10,591	12,017	12,593
Treasury Stock	-635	-671	-717	-763	-808	-831	-861	-896	-1,377	-1,379	-1,403
Accumulated Other Comprehensive Income / (Loss)	-	-	-263	-229	-697	-489	-504	-350	-550	-179	-133
Other Equity Adjustments	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table presents Public Service Enterprise Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	48,718	49,409	49,505	49,552	50,741	52,388	52,382	54,080	54,640	55,575	56,024
Total Current Assets	4,303	4,331	3,863	3,283	3,373	4,282	3,576	3,992	4,235	4,799	4,588
Cash & Equivalents	465	1,205	547	57	54	1,186	113	203	125	894	186
Accounts Receivable	2,266	1,884	1,612	1,582	1,726	1,737	1,650	1,634	1,910	2,002	2,030
Inventories, net	540	592	645	686	759	825	857	907	892	898	889
Prepaid Expenses	93	101	365	297	144	119	349	278	117	104	365
Current Deferred & Refundable Income Taxes	79	8.00	8.00	8.00	10	5.00	-	-	394	316	330
Other Current Assets	860	541	686	653	680	410	607	822	797	585	788
Plant, Property, & Equipment, net	35,942	36,360	36,860	37,454	38,031	38,494	39,021	39,601	40,064	40,276	40,764
Plant, Property & Equipment, gross	45,924	46,529	47,193	47,990	48,603	49,295	49,813	50,615	51,207	51,687	52,341
Accumulated Depreciation	9,982	10,169	10,333	10,536	10,572	10,801	10,792	11,014	11,143	11,411	11,577
Total Noncurrent Assets	8,473	8,718	8,782	8,815	9,337	9,612	9,785	10,487	10,341	10,500	10,672
Long-Term Investments	624	597	302	298	295	271	268	265	263	239	236
Noncurrent Note & Lease Receivables	551	557	562	563	632	637	642	641	558	561	566
Other Noncurrent Operating Assets	7,293	7,555	7,904	7,931	8,410	8,704	8,875	9,581	9,520	9,700	9,870
Total Liabilities & Shareholders' Equity	48,718	49,409	49,505	49,552	50,741	52,388	52,382	54,080	54,640	55,575	56,024
Total Liabilities	34,989	34,683	34,452	34,881	35,264	36,670	36,558	37,985	38,995	39,661	39,803
Total Current Liabilities	6,680	5,448	5,750	5,190	5,057	5,388	5,534	5,858	6,505	5,819	4,582
Short-Term Debt	3,775	3,075	3,272	2,695	2,449	3,025	2,979	2,947	3,743	3,000	1,650
Accounts Payable	1,271	958	1,050	1,120	1,214	980	1,052	1,121	1,136	1,094	1,175
Current Deferred Revenue	290	104	92	93	89	93	98	93	93	119	104
Current Deferred & Payable Income Tax Liabilities	12	98	11	12	8.00	37	13	15	10	41	70
Other Current Liabilities	1,198	1,052	1,184	1,108	1,127	1,060	1,192	1,457	1,304	1,335	1,326
Other Current Nonoperating Liabilities	134	161	141	162	170	193	200	225	219	230	257
Total Noncurrent Liabilities	28,309	29,235	28,702	29,691	30,207	31,282	31,024	32,127	32,490	33,842	35,221
Long-Term Debt	16,495	17,140	16,394	17,039	17,784	18,764	18,419	18,960	18,964	20,398	21,639
Capital Lease Obligations	169	169	166	173	173	168	164	159	153	150	144
Asset Retirement Reserve & Litigation Obligation	3,970	3,925	3,901	3,875	3,756	3,740	3,718	4,035	3,996	3,810	3,728
Noncurrent Deferred & Payable Income Tax Liabilities	5,791	6,148	6,402	6,533	6,716	6,839	6,975	7,231	7,378	7,498	7,734
Noncurrent Employee Benefit Liabilities	1,652	1,645	1,638	1,866	1,571	1,557	1,552	1,540	1,790	1,766	1,759
Other Noncurrent Operating Liabilities	232	208	201	205	207	214	196	202	209	220	217
Commitments & Contingencies	-	-	-	0.00	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,729	14,726	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671
Total Preferred & Common Equity	13,729	14,726	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671
Total Common Equity	13,729	14,726	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671
Common Stock	5,065	5,045	5,054	5,008	5,018	5,003	5,020	5,036	5,057	5,014	5,029
Retained Earnings	10,591	11,594	11,900	11,755	12,017	12,250	12,385	12,606	12,593	12,868	13,138
Treasury Stock	-1,377	-1,391	-1,386	-1,384	-1,379	-1,366	-1,408	-1,405	-1,403	-1,376	-1,373
Accumulated Other Comprehensive Income / (Loss)	-550	-522	-515	-213	-179	-169	-173	-142	-133	-136	-123
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Public Service Enterprise Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.21%	-4.33%	-13.91%	1.43%	6.62%	3.92%	-4.69%	1.24%	0.80%	14.66%	-8.43%
EBITDA Growth	11.78%	6.12%	-26.07%	80.76%	-37.31%	-8.15%	10.30%	-83.26%	339.69%	85.58%	-23.92%
EBIT Growth	16.03%	9.19%	-46.11%	-9.12%	61.25%	-15.90%	15.33%	-131.78%	298.55%	156.28%	-35.03%
NOPAT Growth	16.59%	14.46%	-41.15%	62.44%	0.43%	-5.30%	11.41%	-131.88%	337.14%	115.73%	-25.47%
Net Income Growth	22.12%	10.61%	-47.17%	77.45%	-8.64%	17.73%	12.52%	-134.02%	259.10%	148.59%	-30.86%
EPS Growth	22.04%	10.37%	-46.97%	77.14%	-8.71%	17.67%	12.91%	-134.31%	259.69%	149.03%	-30.99%
Operating Cash Flow Growth	0.06%	24.02%	-15.46%	60.55%	-45.23%	-216.00%	191.80%	-44.04%	-13.42%	153.23%	-43.96%
Free Cash Flow Firm Growth	-23.26%	3.25%	-1,392.65%	93.27%	-2,133.59%	198.58%	-99.67%	-1,197.39%	212.88%	-51.36%	-160.46%
Invested Capital Growth	6.02%	12.22%	641.95%	12.98%	115.68%	-46.93%	5.80%	1.37%	0.73%	7.50%	7.37%
Revenue Q/Q Growth	4.36%	-4.54%	-3.06%	1.25%	-30.50%	27.30%	33.12%	7.21%	0.85%	-4.54%	-1.34%
EBITDA Q/Q Growth	13.32%	-7.82%	-5.12%	63.56%	-52.39%	90.72%	3.85%	771.62%	5.55%	-4.17%	-5.32%
EBIT Q/Q Growth	20.49%	-9.66%	-30.08%	53.89%	-26.62%	48.67%	6.00%	45.23%	6.74%	-6.54%	-9.17%
NOPAT Q/Q Growth	18.37%	-6.27%	-26.42%	164.90%	-42.63%	32.44%	6.22%	35.40%	-1.35%	-6.18%	-0.02%
Net Income Q/Q Growth	22.22%	-9.05%	-31.45%	202.69%	-49.90%	75.08%	10.50%	2.11%	49.85%	-8.63%	-12.80%
EPS Q/Q Growth	22.54%	-9.34%	-31.10%	200.97%	-34.49%	16.43%	-0.27%	2.27%	51.47%	-8.56%	-13.02%
Operating Cash Flow Q/Q Growth	-3.04%	1.74%	-4.03%	61.92%	-61.06%	-564.15%	186.87%	-1.53%	19.38%	0.48%	-3.35%
Free Cash Flow Firm Q/Q Growth	-0.71%	110.55%	-206.34%	94.06%	-3,950.01%	195.23%	-99.69%	-5.09%	34.59%	-58.71%	68.42%
Invested Capital Q/Q Growth	0.56%	-83.23%	947.69%	7.36%	100.81%	-49.13%	2.03%	3.21%	2.17%	3.84%	1.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.06%	71.41%	34.29%	37.55%	35.09%	69.12%	67.56%	66.82%	67.57%	71.97%	67.39%
EBITDA Margin	39.31%	43.60%	37.44%	66.73%	39.23%	34.68%	40.13%	6.63%	28.94%	46.84%	38.91%
Operating Margin	24.10%	28.44%	17.82%	15.71%	23.70%	19.28%	23.64%	-8.80%	14.09%	32.79%	22.87%
EBIT Margin	26.20%	29.90%	18.72%	16.77%	25.36%	20.52%	24.84%	-7.80%	15.36%	34.32%	24.35%
Profit (Net Income) Margin	13.94%	16.12%	9.89%	17.31%	14.83%	16.80%	19.84%	-6.67%	10.52%	22.81%	17.22%
Tax Burden Percent	61.81%	62.65%	68.34%	124.13%	77.52%	86.82%	82.79%	59.50%	102.89%	83.19%	97.10%
Interest Burden Percent	86.12%	86.06%	77.35%	83.15%	75.44%	94.29%	96.48%	143.67%	66.58%	79.88%	72.83%
Effective Tax Rate	38.19%	37.35%	31.66%	-24.13%	22.48%	13.18%	17.21%	0.00%	-2.89%	16.81%	2.90%
Return on Invested Capital (ROIC)	58.44%	61.25%	8.10%	7.01%	4.20%	3.81%	5.94%	-1.83%	4.29%	8.90%	6.17%
ROIC Less NNEP Spread (ROIC-NNEP)	55.41%	56.45%	5.89%	5.56%	2.47%	3.83%	6.10%	-2.11%	2.24%	6.37%	3.76%
Return on Net Nonoperating Assets (RNNOA)	-301.71%	-318.77%	12.98%	6.72%	2.18%	3.50%	6.32%	-2.43%	3.03%	8.66%	5.05%
Return on Equity (ROE)	-243.27%	-257.52%	21.08%	13.73%	6.38%	7.31%	12.26%	-4.26%	7.32%	17.55%	11.22%
Cash Return on Invested Capital (CROIC)	52.60%	49.73%	-144.40%	-5.18%	-69.09%	65.12%	0.30%	-3.19%	3.57%	1.67%	-0.94%
Operating Return on Assets (OROA)	83.99%	88.07%	7.70%	3.68%	3.73%	3.02%	4.88%	-1.53%	3.08%	7.76%	4.76%
Return on Assets (ROA)	44.71%	47.48%	4.07%	3.80%	2.18%	2.48%	3.90%	-1.31%	2.11%	5.15%	3.36%
Return on Common Equity (ROCE)	-243.66%	-257.91%	21.08%	13.73%	6.38%	7.31%	12.26%	-4.26%	7.32%	17.55%	11.22%
Return on Equity Simple (ROE_SIMPLE)	12.46%	12.85%	6.76%	11.37%	4.60%	11.22%	11.92%	-4.49%	7.51%	16.56%	11.00%
Net Operating Profit after Tax (NOPAT)	1,621	1,856	1,092	1,774	1,781	1,687	1,879	-599	1,421	3,065	2,285
NOPAT Margin	14.89%	17.82%	12.18%	19.51%	18.37%	16.74%	19.57%	-6.16%	14.50%	27.28%	22.20%
Net Nonoperating Expense Percent (NNEP)	3.04%	4.80%	2.21%	1.44%	1.73%	-0.03%	-0.16%	0.28%	2.05%	2.53%	2.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	4.16%	8.54%	5.86%
Cost of Revenue to Revenue	28.94%	28.59%	65.71%	62.45%	64.91%	30.88%	32.44%	33.18%	32.43%	28.03%	32.61%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	46.97%	42.97%	16.46%	21.84%	11.39%	49.84%	43.92%	75.62%	53.48%	39.17%	44.52%
Earnings before Interest and Taxes (EBIT)	2,852	3,114	1,678	1,525	2,459	2,068	2,385	-758	1,505	3,857	2,506
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,279	4,541	3,357	6,068	3,804	3,494	3,854	645	2,836	5,263	4,004
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.37	1.90	0.88	2.13	2.06	2.70	2.63	2.41	3.31
Price to Tangible Book Value (P/TBV)	0.00	0.00	2.40	1.92	0.89	2.15	2.08	2.70	2.63	2.41	3.31
Price to Revenue (P/Rev)	1.73	1.76	2.41	2.89	2.83	3.19	3.43	4.01	3.68	3.33	5.18
Price to Earnings (P/E)	12.42	10.91	24.32	16.69	19.11	19.01	17.30	0.00	35.01	14.58	30.07
Dividend Yield	5.01%	5.44%	4.85%	4.18%	4.18%	3.73%	3.80%	3.34%	3.78%	3.85%	2.84%
Earnings Yield	8.05%	9.17%	4.11%	5.99%	5.23%	5.26%	5.78%	0.00%	2.86%	6.86%	3.33%
Enterprise Value to Invested Capital (EV/IC)	6.60	5.83	1.34	1.44	0.93	1.55	1.52	1.74	1.67	1.61	1.98
Enterprise Value to Revenue (EV/Rev)	1.73	1.79	3.56	4.25	5.56	4.74	5.14	5.89	5.66	5.11	7.36
Enterprise Value to EBITDA (EV/EBITDA)	4.41	4.11	9.50	6.37	14.18	13.66	12.81	88.78	19.55	10.91	18.92
Enterprise Value to EBIT (EV/EBIT)	6.61	6.00	19.00	25.34	21.94	23.08	20.70	0.00	36.84	14.89	30.23
Enterprise Value to NOPAT (EV/NOPAT)	11.63	10.07	29.20	21.78	30.29	28.29	26.27	0.00	39.02	18.73	33.16
Enterprise Value to Operating Cash Flow (EV/OCF)	5.97	4.77	9.62	7.26	18.52	0.00	15.92	32.99	36.89	15.09	35.52
Enterprise Value to Free Cash Flow (EV/FCFF)	12.92	12.40	0.00	0.00	0.00	1.65	517.90	0.00	46.95	99.96	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-0.54	1.30	0.98	0.90	1.09	1.09	1.36	1.49	1.32	1.42
Long-Term Debt to Equity	0.00	0.00	1.20	0.87	0.79	0.93	0.92	1.07	1.21	1.16	1.19
Financial Leverage	-5.45	-5.65	2.21	1.21	0.88	0.91	1.04	1.15	1.35	1.36	1.34
Leverage Ratio	-5.44	-5.42	5.18	3.61	2.92	2.95	3.15	3.26	3.47	3.41	3.34
Compound Leverage Factor	-4.69	-4.67	4.01	3.00	2.20	2.78	3.04	4.68	2.31	2.72	2.43
Debt to Total Capital	0.00%	-118.95%	56.46%	49.57%	47.23%	52.23%	52.26%	57.62%	59.82%	56.87%	58.65%
Short-Term Debt to Total Capital	0.00%	-118.95%	4.26%	5.62%	5.61%	7.85%	8.21%	12.38%	11.05%	6.83%	9.60%
Long-Term Debt to Total Capital	0.00%	0.00%	52.21%	43.95%	41.63%	44.38%	44.05%	45.23%	48.77%	50.04%	49.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.16%	-0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.16%	219.28%	43.54%	50.43%	52.77%	47.77%	47.74%	42.38%	40.18%	43.13%	41.35%
Debt to EBITDA	0.00	0.08	3.51	2.24	7.35	4.72	4.54	30.43	7.21	3.88	5.71
Net Debt to EBITDA	0.00	0.08	3.07	2.04	6.96	4.45	4.26	28.33	6.82	3.81	5.61
Long-Term Debt to EBITDA	0.00	0.00	3.25	1.99	6.48	4.01	3.83	23.89	5.88	3.41	4.77
Debt to NOPAT	0.00	0.20	10.79	7.67	15.70	9.78	9.31	-32.76	14.38	6.66	10.01
Net Debt to NOPAT	0.00	0.20	9.44	6.97	14.86	9.21	8.74	-30.49	13.62	6.54	9.84
Long-Term Debt to NOPAT	0.00	0.00	9.98	6.80	13.83	8.31	7.85	-25.72	11.73	5.86	8.37
Altman Z-Score	22.10	22.25	1.17	1.19	0.83	1.23	1.23	1.11	1.17	1.40	1.43
Noncontrolling Interest Sharing Ratio	-0.16%	-0.15%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.69	1.45	0.99	0.79	0.80	0.64	0.66	0.88	0.64	0.67	0.65
Quick Ratio	1.00	0.29	0.56	0.47	0.45	0.34	0.40	0.41	0.41	0.35	0.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,459	1,507	-19,476	-1,311	-29,286	28,869	95	-1,046	1,181	574	-347
Operating Cash Flow to CapEx	112.06%	101.45%	78.90%	0.00%	75.06%	-109.14%	118.31%	80.74%	154.95%	115.75%	63.11%
Free Cash Flow to Firm to Interest Expense	3.75	3.83	-50.59	-3.35	-61.52	50.74	0.16	-1.20	1.88	0.77	-0.39
Operating Cash Flow to Interest Expense	8.12	9.97	8.61	13.60	6.12	-5.94	5.17	2.00	2.39	5.09	2.42
Operating Cash Flow Less CapEx to Interest Expense	0.87	0.14	-2.30	24.32	-2.03	-11.38	0.80	-0.48	0.85	0.69	-1.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.21	2.95	0.41	0.22	0.15	0.15	0.20	0.20	0.20	0.23	0.20
Accounts Receivable Turnover	37.28	43.31	11.08	5.93	3.65	3.86	6.02	5.23	4.51	5.63	5.66
Inventory Turnover	0.00	0.00	0.00	9.98	7.33	3.60	5.24	6.15	6.43	4.85	4.07
Fixed Asset Turnover	0.00	0.00	0.00	0.30	0.19	0.19	0.26	0.27	0.28	0.30	0.26
Accounts Payable Turnover	0.00	0.00	0.00	3.60	2.68	1.43	2.32	2.44	2.46	2.54	2.86
Days Sales Outstanding (DSO)	9.79	8.43	32.93	61.51	99.98	94.55	60.64	69.74	80.86	64.83	64.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	36.57	49.79	101.31	69.60	59.34	56.74	75.26	89.78
Days Payable Outstanding (DPO)	0.00	0.00	0.00	101.32	136.08	255.59	157.60	149.75	148.50	143.97	127.79
Cash Conversion Cycle (CCC)	9.79	8.43	32.93	-3.25	13.69	-59.74	-27.36	-20.66	-10.91	-3.88	26.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,855	3,204	23,772	26,857	57,924	30,742	32,526	32,973	33,213	35,704	38,336
Invested Capital Turnover	3.92	3.44	0.66	0.36	0.23	0.23	0.30	0.30	0.30	0.33	0.28
Increase / (Decrease) in Invested Capital	162	349	20,568	3,085	31,067	-27,182	1,784	447	240	2,491	2,632
Enterprise Value (EV)	18,854	18,682	31,883	38,641	53,952	47,727	49,374	57,262	55,445	57,422	75,758
Market Capitalization	18,853	18,317	21,573	26,276	27,480	32,190	32,958	38,992	36,095	37,365	53,286
Book Value per Share	($0.99)	($1.05)	$14.23	$21.69	$48.97	$23.64	$25.04	$22.63	$21.74	$24.54	$25.55
Tangible Book Value per Share	($1.13)	($1.24)	$14.06	$21.48	$48.47	$23.41	$24.79	$22.59	$21.74	$24.54	$25.55
Total Capital	-634	-306	20,869	27,457	59,199	31,585	33,479	34,067	34,168	35,883	38,974
Total Debt	0.00	364	11,783	13,610	27,962	16,496	17,495	19,629	20,439	20,406	22,860
Total Long-Term Debt	0.00	0.00	10,895	12,068	24,643	14,016	14,748	15,410	16,664	17,957	19,117
Net Debt	0.00	364	10,310	12,365	26,472	15,537	16,416	18,270	19,350	20,057	22,472
Capital Expenditures (CapEx)	2,820	3,863	4,199	-4,190	3,881	3,096	2,622	2,150	970	3,288	3,380
Debt-free, Cash-free Net Working Capital (DFCFNWC)	764	666	443	373	1,400	517	312	2,579	933	711	1,348
Debt-free Net Working Capital (DFNWC)	764	666	866	686	1,638	664	855	3,397	1,398	765	1,473
Net Working Capital (NWC)	764	302	-22	-856	-1,681	-1,816	-1,892	-822	-2,377	-1,684	-2,270
Net Nonoperating Expense (NNE)	103	177	205	200	343	-6.08	-26	49	390	502	513
Net Nonoperating Obligations (NNO)	3,489	3,874	14,686	13,010	26,687	15,653	16,542	18,535	19,484	20,227	22,222
Total Depreciation and Amortization (D&A)	1,427	1,427	1,679	4,543	1,345	1,426	1,469	1,403	1,331	1,406	1,498
Debt-free, Cash-free Net Working Capital to Revenue	7.02%	6.39%	4.94%	4.10%	14.44%	5.13%	3.25%	26.53%	9.52%	6.33%	13.10%
Debt-free Net Working Capital to Revenue	7.02%	6.39%	9.66%	7.54%	16.89%	6.59%	8.90%	34.94%	14.27%	6.81%	14.31%
Net Working Capital to Revenue	7.02%	2.90%	-0.25%	-9.41%	-17.34%	-18.02%	-19.70%	-8.46%	-24.26%	-14.99%	-22.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.00	$3.32	$1.76	$3.12	$2.85	$3.35	$3.78	($1.29)	$2.07	$5.15	$3.56
Adjusted Weighted Average Basic Shares Outstanding	506M	505M	505M	505M	504M	504M	504M	504M	498M	498M	498M
Adjusted Diluted Earnings per Share	$2.99	$3.30	$1.75	$3.10	$2.83	$3.33	$3.76	($1.29)	$2.06	$5.13	$3.54
Adjusted Weighted Average Diluted Shares Outstanding	508M	508M	508M	507M	507M	507M	507M	504M	501M	500M	500M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	638.63M	638.89M	638.67M	637.22M	637.45M	637.58M	637.54M	634.53M	631.22M	631.04M	631.01M
Normalized Net Operating Profit after Tax (NOPAT)	1,621	1,856	1,092	1,000	1,740	2,036	1,778	1,247	1,053	3,071	2,290
Normalized NOPAT Margin	14.89%	17.82%	12.18%	11.00%	17.94%	20.21%	18.51%	12.82%	10.74%	27.33%	22.26%
Pre Tax Income Margin	22.56%	25.73%	14.48%	13.94%	19.13%	19.35%	23.96%	-11.20%	10.22%	27.42%	17.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.33	7.92	4.36	3.90	5.17	3.63	3.98	-0.87	2.40	5.16	2.84
NOPAT to Interest Expense	4.17	4.72	2.84	4.54	3.74	2.96	3.13	-0.69	2.26	4.10	2.59
EBIT Less CapEx to Interest Expense	0.08	-1.91	-6.55	14.62	-2.99	-1.81	-0.40	-3.35	0.85	0.76	-0.99
NOPAT Less CapEx to Interest Expense	-3.08	-5.11	-8.07	15.25	-4.41	-2.48	-1.24	-3.16	0.72	-0.30	-1.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.28%	46.99%	93.57%	-77.51%	63.28%	56.11%	52.02%	-159.10%	104.66%	44.36%	67.49%
Augmented Payout Ratio	49.28%	46.99%	93.57%	-77.51%	63.28%	56.11%	52.02%	-159.10%	153.15%	44.36%	67.49%

This table displays calculated financial ratios and metrics derived from Public Service Enterprise Group's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.72%	62.34%	16.62%	8.10%	-17.01%	-26.50%	0.08%	7.57%	-5.37%	16.74%	15.77%
EBITDA Growth	12.20%	674.83%	35.91%	77.15%	-20.22%	-51.90%	8.88%	17.76%	-20.59%	13.91%	27.79%
EBIT Growth	10.47%	3,695.74%	152.40%	174.07%	-26.95%	-57.40%	-25.39%	14.53%	-34.56%	15.83%	37.20%
NOPAT Growth	19.06%	3,776.25%	59.40%	228.60%	-27.38%	-56.70%	-8.36%	-49.39%	15.71%	31.32%	13.90%
Net Income Growth	77.08%	64,450.00%	351.15%	21.93%	-30.71%	-58.66%	-26.57%	274.10%	-47.62%	10.71%	34.79%
EPS Growth	79.55%	0.00%	353.85%	22.73%	-30.38%	-58.91%	-26.27%	285.19%	-48.18%	11.32%	34.48%
Operating Cash Flow Growth	43.73%	369.28%	267.24%	67.25%	2.24%	-70.16%	174.23%	-66.38%	-9.02%	58.70%	-0.83%
Free Cash Flow Firm Growth	173.57%	-160.49%	-244.64%	-241.31%	-475.18%	-136.77%	-51.96%	-299.70%	-2.81%	41.29%	33.65%
Invested Capital Growth	0.73%	7.50%	7.02%	5.77%	7.50%	8.79%	8.86%	9.84%	7.37%	5.90%	6.14%
Revenue Q/Q Growth	38.16%	19.62%	-35.53%	1.45%	6.07%	5.95%	-12.21%	9.04%	-6.70%	30.71%	-12.94%
EBITDA Q/Q Growth	156.55%	67.62%	-60.38%	7.74%	15.54%	-7.38%	-10.32%	16.53%	-22.08%	43.43%	1.20%
EBIT Q/Q Growth	363.89%	68.66%	-50.12%	-29.77%	23.65%	-1.64%	-12.64%	7.79%	-29.35%	74.11%	3.48%
NOPAT Q/Q Growth	111.21%	76.69%	-52.87%	86.82%	-53.32%	5.34%	-0.23%	3.16%	6.72%	19.56%	-13.47%
Net Income Q/Q Growth	591.23%	63.32%	-54.08%	-76.48%	292.81%	-2.56%	-18.42%	19.82%	-45.00%	105.94%	-0.68%
EPS Q/Q Growth	618.18%	63.29%	-54.26%	-77.12%	307.41%	-3.64%	-17.92%	19.54%	-45.19%	107.02%	-0.85%
Operating Cash Flow Q/Q Growth	132.46%	176.18%	-91.24%	197.42%	42.11%	-6.90%	-19.52%	-63.53%	284.54%	40.62%	-54.43%
Free Cash Flow Firm Q/Q Growth	353.09%	-292.87%	-61.58%	56.73%	-178.20%	-21.72%	-3.70%	-13.83%	28.44%	30.49%	-17.19%
Invested Capital Q/Q Growth	2.17%	0.77%	2.12%	0.61%	3.84%	1.98%	2.18%	1.52%	1.50%	0.58%	2.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.35%	80.21%	69.27%	67.75%	66.56%	71.63%	65.99%	69.42%	61.83%	71.48%	69.55%
EBITDA Margin	43.64%	59.01%	36.27%	38.52%	41.96%	38.62%	39.46%	42.17%	35.21%	38.64%	44.92%
Operating Margin	30.71%	43.89%	32.80%	22.43%	26.56%	24.82%	24.02%	24.26%	18.05%	24.74%	29.13%
EBIT Margin	31.92%	45.01%	34.82%	24.10%	28.10%	26.09%	25.96%	25.66%	19.43%	25.88%	30.77%
Profit (Net Income) Margin	25.10%	34.27%	24.41%	5.66%	20.96%	19.28%	17.91%	19.68%	11.60%	18.28%	20.86%
Tax Burden Percent	78.56%	81.20%	79.44%	213.85%	79.48%	84.58%	99.31%	93.02%	143.00%	95.46%	80.58%
Interest Burden Percent	100.10%	93.79%	88.26%	10.98%	93.85%	87.36%	69.48%	82.45%	41.75%	73.98%	84.13%
Effective Tax Rate	21.44%	18.80%	20.56%	-113.85%	20.52%	15.42%	0.69%	6.98%	-43.00%	4.54%	19.42%
Return on Invested Capital (ROIC)	7.15%	12.40%	9.13%	16.88%	6.88%	6.15%	6.85%	6.52%	7.18%	6.77%	6.81%
ROIC Less NNEP Spread (ROIC-NNEP)	7.31%	12.12%	8.92%	11.48%	6.86%	5.91%	6.14%	6.15%	5.52%	5.97%	6.48%
Return on Net Nonoperating Assets (RNNOA)	9.86%	15.52%	11.79%	15.55%	9.33%	7.66%	8.05%	8.05%	7.42%	7.98%	8.82%
Return on Equity (ROE)	17.01%	27.93%	20.92%	32.43%	16.22%	13.81%	14.90%	14.57%	14.60%	14.75%	15.63%
Cash Return on Invested Capital (CROIC)	3.57%	0.84%	2.10%	4.16%	1.67%	-1.79%	-2.10%	-3.05%	-0.94%	0.90%	0.68%
Operating Return on Assets (OROA)	6.40%	10.41%	8.14%	5.83%	6.35%	5.25%	5.22%	5.17%	3.79%	5.16%	6.32%
Return on Assets (ROA)	5.04%	7.93%	5.71%	1.37%	4.74%	3.88%	3.60%	3.96%	2.27%	3.64%	4.28%
Return on Common Equity (ROCE)	17.01%	27.93%	20.92%	32.43%	16.22%	13.81%	14.90%	14.57%	14.60%	14.75%	15.63%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.75%	18.47%	18.50%	0.00%	11.50%	10.43%	12.63%	0.00%	11.17%	0.00%
Net Operating Profit after Tax (NOPAT)	757	1,338	631	1,178	550	579	578	596	636	761	658
NOPAT Margin	24.13%	35.64%	26.05%	47.98%	21.11%	20.99%	23.85%	22.57%	25.82%	23.61%	23.47%
Net Nonoperating Expense Percent (NNEP)	-0.16%	0.28%	0.21%	5.40%	0.02%	0.24%	0.71%	0.37%	1.65%	0.80%	0.33%
Return On Investment Capital (ROIC_SIMPLE)	2.22%	-	-	-	1.53%	-	-	-	1.63%	1.91%	1.64%
Cost of Revenue to Revenue	27.65%	19.79%	30.73%	32.25%	33.44%	28.37%	34.01%	30.58%	38.17%	28.52%	30.45%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.64%	36.32%	36.47%	45.32%	40.00%	46.81%	41.97%	45.16%	43.77%	46.74%	40.43%
Earnings before Interest and Taxes (EBIT)	1,002	1,690	843	592	732	720	629	678	479	834	863
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,370	2,216	878	946	1,093	1,066	956	1,114	868	1,245	1,260
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.63	2.56	2.53	2.29	2.41	2.66	2.94	3.50	3.31	3.17	3.19
Price to Tangible Book Value (P/TBV)	2.63	2.56	2.54	2.29	2.41	2.66	2.94	3.50	3.31	3.17	3.19
Price to Revenue (P/Rev)	3.68	3.35	3.29	2.95	3.33	4.08	4.54	5.39	5.18	4.83	4.77
Price to Earnings (P/E)	35.01	16.24	13.72	12.39	14.58	23.11	28.15	27.69	30.07	28.39	26.85
Dividend Yield	3.78%	3.67%	3.68%	4.09%	3.85%	3.49%	3.18%	2.66%	2.84%	2.95%	2.92%
Earnings Yield	2.86%	6.16%	7.29%	8.07%	6.86%	4.33%	3.55%	3.61%	3.33%	3.52%	3.72%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.68	1.67	1.58	1.61	1.71	1.82	2.06	1.98	1.93	1.93
Enterprise Value to Revenue (EV/Rev)	5.66	5.00	4.93	4.61	5.11	6.08	6.60	7.46	7.36	6.91	6.84
Enterprise Value to EBITDA (EV/EBITDA)	19.55	12.27	11.24	9.89	10.91	16.43	16.66	18.41	18.92	17.89	17.19
Enterprise Value to EBIT (EV/EBIT)	36.84	17.35	15.23	13.16	14.89	21.57	25.31	28.22	30.23	28.38	26.69
Enterprise Value to NOPAT (EV/NOPAT)	39.02	21.57	19.44	16.62	18.73	26.89	29.68	34.07	33.16	29.90	29.95
Enterprise Value to Operating Cash Flow (EV/OCF)	36.89	17.33	16.06	14.33	15.09	27.66	26.12	35.28	35.52	29.49	30.26
Enterprise Value to Free Cash Flow (EV/FCFF)	46.95	207.00	82.23	39.02	99.96	0.00	0.00	0.00	0.00	219.47	293.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.49	1.38	1.32	1.31	1.32	1.40	1.36	1.37	1.42	1.44	1.41
Long-Term Debt to Equity	1.21	1.18	1.10	1.13	1.16	1.20	1.17	1.19	1.19	1.26	1.31
Financial Leverage	1.35	1.28	1.32	1.35	1.36	1.30	1.31	1.31	1.34	1.34	1.36
Leverage Ratio	3.47	3.43	3.48	3.42	3.41	3.34	3.30	3.32	3.34	3.36	3.34
Compound Leverage Factor	3.47	3.22	3.07	0.38	3.20	2.92	2.29	2.73	1.39	2.49	2.81
Debt to Total Capital	59.82%	58.06%	56.85%	56.76%	56.87%	58.28%	57.67%	57.82%	58.65%	58.99%	58.43%
Short-Term Debt to Total Capital	11.05%	8.76%	9.38%	7.68%	6.83%	8.03%	7.97%	7.72%	9.60%	7.52%	4.11%
Long-Term Debt to Total Capital	48.77%	49.30%	47.47%	49.07%	50.04%	50.25%	49.71%	50.10%	49.05%	51.48%	54.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.18%	41.94%	43.15%	43.24%	43.13%	41.72%	42.33%	42.18%	41.35%	41.01%	41.57%
Debt to EBITDA	7.21	4.45	3.90	3.62	3.88	5.79	5.31	5.22	5.71	5.67	5.29
Net Debt to EBITDA	6.82	4.05	3.74	3.56	3.81	5.41	5.22	5.11	5.61	5.39	5.19
Long-Term Debt to EBITDA	5.88	3.78	3.26	3.13	3.41	4.99	4.58	4.52	4.77	4.94	4.92
Debt to NOPAT	14.38	7.82	6.75	6.09	6.66	9.48	9.46	9.66	10.01	9.47	9.21
Net Debt to NOPAT	13.62	7.13	6.46	5.98	6.54	8.85	9.29	9.45	9.84	9.01	9.05
Long-Term Debt to NOPAT	11.73	6.64	5.64	5.27	5.86	8.17	8.15	8.37	8.37	8.26	8.56
Altman Z-Score	1.13	1.29	1.25	1.16	1.20	1.23	1.28	1.41	1.31	1.33	1.38
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.80	0.67	0.63	0.67	0.79	0.65	0.68	0.65	0.82	1.00
Quick Ratio	0.41	0.57	0.38	0.32	0.35	0.54	0.32	0.31	0.31	0.50	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	517	-998	-1,612	-698	-1,941	-2,363	-2,450	-2,789	-1,996	-1,387	-1,626
Operating Cash Flow to CapEx	100.75%	299.73%	27.52%	62.99%	86.50%	82.94%	63.56%	25.26%	76.28%	167.04%	60.74%
Free Cash Flow to Firm to Interest Expense	2.91	-5.54	-8.72	-3.77	-9.80	-11.53	-11.24	-12.29	-8.60	-5.76	-6.56
Operating Cash Flow to Interest Expense	4.51	12.31	1.05	3.12	4.14	3.22	2.44	0.85	3.22	4.35	1.93
Operating Cash Flow Less CapEx to Interest Expense	0.03	8.20	-2.76	-1.83	-0.65	-0.66	-1.40	-2.53	-1.00	1.75	-1.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.23	0.23	0.24	0.23	0.20	0.20	0.20	0.20	0.20	0.21
Accounts Receivable Turnover	4.51	5.90	6.06	6.80	5.63	5.66	6.28	6.49	5.66	5.75	6.05
Inventory Turnover	6.43	5.88	5.53	5.28	4.85	4.50	4.35	4.13	4.07	4.05	4.03
Fixed Asset Turnover	0.28	0.32	0.32	0.32	0.30	0.27	0.27	0.27	0.26	0.27	0.28
Accounts Payable Turnover	2.46	3.27	2.76	2.72	2.54	3.29	3.11	2.93	2.86	3.37	3.16
Days Sales Outstanding (DSO)	80.86	61.85	60.28	53.66	64.83	64.52	58.11	56.27	64.49	63.46	60.32
Days Inventory Outstanding (DIO)	56.74	62.04	66.04	69.07	75.26	81.07	83.83	88.47	89.78	90.05	90.47
Days Payable Outstanding (DPO)	148.50	111.71	132.43	134.19	143.97	110.87	117.31	124.46	127.79	108.39	115.40
Cash Conversion Cycle (CCC)	-10.91	12.18	-6.11	-11.46	-3.88	34.72	24.63	20.28	26.48	45.12	35.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	33,213	33,469	34,177	34,385	35,704	36,411	37,205	37,770	38,336	38,559	39,489
Invested Capital Turnover	0.30	0.35	0.35	0.35	0.33	0.29	0.29	0.29	0.28	0.29	0.29
Increase / (Decrease) in Invested Capital	240	2,336	2,243	1,876	2,491	2,942	3,028	3,385	2,632	2,148	2,284
Enterprise Value (EV)	55,445	56,258	57,114	54,293	57,422	62,283	67,651	77,855	75,758	74,347	76,166
Market Capitalization	36,095	37,676	38,131	34,741	37,365	41,783	46,470	56,257	53,286	51,932	53,155
Book Value per Share	$21.74	$23.33	$23.84	$24.01	$24.54	$31.50	$25.10	$25.52	$25.55	$25.94	$26.40
Tangible Book Value per Share	$21.74	$23.32	$23.82	$23.98	$24.54	$31.50	$25.10	$25.52	$25.55	$25.94	$26.40
Total Capital	34,168	35,110	34,885	35,073	35,883	37,675	37,386	38,161	38,974	39,918	40,104
Total Debt	20,439	20,384	19,832	19,907	20,406	21,957	21,562	22,066	22,860	23,548	23,433
Total Long-Term Debt	16,664	17,309	16,560	17,212	17,957	18,932	18,583	19,119	19,117	20,548	21,783
Net Debt	19,350	18,582	18,983	19,552	20,057	20,500	21,181	21,598	22,472	22,415	23,011
Capital Expenditures (CapEx)	796	739	705	916	948	797	837	768	978	628	787
Debt-free, Cash-free Net Working Capital (DFCFNWC)	933	753	838	731	711	733	908	878	1,348	1,086	1,470
Debt-free Net Working Capital (DFNWC)	1,398	1,958	1,385	788	765	1,919	1,021	1,081	1,473	1,980	1,656
Net Working Capital (NWC)	-2,377	-1,117	-1,887	-1,907	-1,684	-1,106	-1,958	-1,866	-2,270	-1,020	6.00
Net Nonoperating Expense (NNE)	-31	51	40	1,039	3.97	47	144	76	350	172	73
Net Nonoperating Obligations (NNO)	19,484	18,743	19,124	19,219	20,227	20,693	21,381	21,675	22,222	22,189	22,818
Total Depreciation and Amortization (D&A)	368	526	35	354	361	346	327	436	389	411	397
Debt-free, Cash-free Net Working Capital to Revenue	9.52%	6.70%	7.23%	6.21%	6.33%	7.16%	8.86%	8.42%	13.10%	10.10%	13.20%
Debt-free Net Working Capital to Revenue	14.27%	17.42%	11.95%	6.69%	6.81%	18.74%	9.97%	10.36%	14.31%	18.42%	14.87%
Net Working Capital to Revenue	-24.26%	-9.94%	-16.29%	-16.20%	-14.99%	-10.80%	-19.11%	-17.89%	-22.06%	-9.49%	0.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$2.59	$1.19	$0.28	$1.09	$1.07	$0.87	$1.04	$0.58	$1.18	$1.17
Adjusted Weighted Average Basic Shares Outstanding	498M	497M	497M	498M	498M	499M	498M	498M	498M	498M	499M
Adjusted Diluted Earnings per Share	$1.58	$2.58	$1.18	$0.27	$1.10	$1.06	$0.87	$1.04	$0.57	$1.18	$1.17
Adjusted Weighted Average Diluted Shares Outstanding	501M	500M	500M	500M	500M	500M	500M	500M	500M	500M	500M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	631.22M	631.42M	631.56M	630.76M	631.04M	630.53M	630.61M	630.68M	631.01M	631.45M	631.53M
Normalized Net Operating Profit after Tax (NOPAT)	783	1,338	631	386	550	579	578	596	312	761	658
Normalized NOPAT Margin	24.95%	35.64%	26.05%	15.70%	21.11%	20.99%	23.85%	22.57%	12.64%	23.61%	23.47%
Pre Tax Income Margin	31.95%	42.21%	30.73%	2.65%	26.37%	22.79%	18.04%	21.16%	8.11%	19.15%	25.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.63	9.39	4.56	3.20	3.70	3.51	2.89	2.99	2.06	3.46	3.48
NOPAT to Interest Expense	4.25	7.43	3.41	6.37	2.78	2.83	2.65	2.63	2.74	3.16	2.65
EBIT Less CapEx to Interest Expense	1.16	5.28	0.75	-1.75	-1.09	-0.38	-0.95	-0.40	-2.15	0.85	0.31
NOPAT Less CapEx to Interest Expense	-0.22	3.33	-0.40	1.42	-2.01	-1.06	-1.19	-0.76	-1.47	0.55	-0.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	104.66%	0.00%	39.82%	40.00%	44.36%	0.00%	70.62%	58.12%	67.49%	66.21%	61.97%
Augmented Payout Ratio	153.15%	0.00%	39.82%	40.00%	44.36%	0.00%	70.62%	58.12%	67.49%	66.21%	61.97%

Key Financial Trends

Public Service Enterprise Group (PEG) has shown steady financial performance and operational growth over the last four years across its income statements, balance sheets, and cash flow statements.

Positive Trends:

Consistent Net Income Growth: PEG’s consolidated net income increased from $788 million in Q4 2022 to $585 million in Q2 2025, indicating stable profitability.
Steady Operating Revenues: Operating revenues have generally increased over the analyzed period, reaching $2.8 billion in Q2 2025 compared to $3.1 billion in Q4 2022, showing resilience in core business operations.
Strong Cash Generation from Operations: PEG continuously reported positive net cash from operating activities, hitting $478 million in Q2 2025 and even higher in earlier quarters, supporting operational efficiency and liquidity.
Stable Dividends: The company maintained and slightly increased its cash dividends per share, with $0.63 declared in Q2 2025 compared to $0.54-$0.6 in prior periods, reflecting management's confidence in cash flows and commitment to shareholders.
Increase in Property, Plant & Equipment (PPE): Net PPE grew from about $35 billion in Q3 2022 to $40.7 billion in Q2 2025, indicating ongoing investments in infrastructure and capacity expansion.
Capital Investment: PEG consistently invested significant capital in property, plant, and equipment, with Q2 2025 capital expenditures at $787 million, supporting long-term growth.
Controlled Operating Expenses: Operating expenses, including depreciation and amortization, showed manageable growth relative to revenue increases, preserving operating margins.
Debt Management Activities: The company regularly issued and repaid debt to manage its financial structure, with repayments reaching $1.35 billion in Q2 2025 offsetting new issuance worth $1.25 billion, indicating proactive debt management.
Increase in Common Equity: Total common equity rose from approximately $13.27 billion in Q3 2022 to $16.67 billion in Q2 2025, supporting a stronger equity base for the company.

Neutral Observations:

Fluctuations in Accounts Receivable and Inventory: Accounts receivable and inventories have varied but remain substantial assets reflecting operational scale and seasonality.
Changes in Cash & Equivalents: Cash holdings fluctuate between quarters, typical for utility companies managing working capital and investing cash flows.
Tax Expense Variation: There are wide swings in income tax expenses and benefits, reflecting changes in pre-tax earnings and possibly tax planning strategies.
Non-Cash Adjustments Variability: Non-cash adjustments to reconcile net income vary quarter-to-quarter, requiring ongoing monitoring.
Share Count Stability: Weighted average shares outstanding remained stable around 500 million diluted shares, indicating no significant dilution or repurchase activities.

Areas of Potential Concern:

Rising Debt Levels: Long-term debt increased from about $16.15 billion in Q3 2022 to $21.64 billion in Q2 2025, which may raise financial risk and interest burden if not managed prudently.
Negative Net Cash from Financing Activities Recently: In the latest quarters, PEG experienced net cash outflows from financing activities, including debt repayment and dividends, reducing liquidity reserves.
Negative Impact of Changes in Operating Assets and Liabilities: In some quarters, such as Q2 2025, this led to negative cash flow impact, potentially indicating working capital pressures.
Large Capital Expenditures Amid Modest Profit Growth: The significant capital spending required for the business may pressure free cash flows in the short term.
Decline in Other Income: PEG's other income categories showed volatility and occasional net losses, which could affect overall income stability.

In summary, Public Service Enterprise Group demonstrates solid core earnings, consistent dividend payments, and strong investment in infrastructure. However, investors should monitor rising debt levels, capital expenditure demands, and cash flow variances that might influence near-term financial flexibility.

08/24/25 01:05 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Public Service Enterprise Group's Financials

When does Public Service Enterprise Group's fiscal year end?

According to the most recent income statement we have on file, Public Service Enterprise Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Public Service Enterprise Group's net income changed over the last 10 years?

The last 5 years of Public Service Enterprise Group's net income performance:

2020: $1.91 billion
2021: -$648 million
2022: $1.03 billion
2023: $2.56 billion
2024: $1.77 billion

Find out what analysts predict for Public Service Enterprise Group in the coming months.

What is Public Service Enterprise Group's operating income?

Public Service Enterprise Group's total operating income in 2024 was $2.35 billion, based on the following breakdown:

Total Gross Profit: $6.93 billion
Total Operating Expenses: $4.58 billion

How has Public Service Enterprise Group's revenue changed over the last 10 years?

Over the last 10 years, Public Service Enterprise Group's total revenue changed from $10.89 billion in 2014 to $10.29 billion in 2024, a change of -5.5%.

How much debt does Public Service Enterprise Group have?

Public Service Enterprise Group's total liabilities were at $39.00 billion at the end of 2024, a 10.6% increase from 2023, and a 5,462.8% increase since 2014.

How much cash does Public Service Enterprise Group have?

In the past 10 years, Public Service Enterprise Group's cash and equivalents has ranged from $0.00 in 2014 to $818 million in 2021, and is currently $125 million as of their latest financial filing in 2024.

How has Public Service Enterprise Group's book value per share changed over the last 10 years?

Over the last 10 years, Public Service Enterprise Group's book value per share changed from -0.99 in 2014 to 25.55 in 2024, a change of -2,668.7%.

Related Companies

This page (NYSE:PEG) was last updated on 8/24/2025 by MarketBeat.com Staff

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Public Service Enterprise Group (PEG) Financials

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Public Service Enterprise Group (PEG) Financials

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