Public Service Enterprise Group (PEG) Financials

$77.85 +0.72 (+0.93%)

As of 01:43 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772	2,111
Consolidated Net Income / (Loss)	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772	2,111
Net Income / (Loss) Continuing Operations	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772	2,111
Total Pre-Tax Income	2,680	1,298	1,268	1,855	1,950	2,301	-1,089	1,002	3,081	1,825	2,374
Total Operating Income	2,962	1,598	1,429	2,298	1,943	2,270	-856	1,381	3,685	2,353	2,980
Total Gross Profit	7,437	3,074	3,415	3,402	6,965	6,488	6,496	6,622	8,080	6,928	8,396
Total Revenue	10,415	8,966	9,094	9,696	10,076	9,603	9,722	9,800	11,237	10,290	12,168
Operating Revenue	10,415	8,966	9,094	9,696	10,076	9,603	9,722	9,800	11,237	10,290	12,168
Total Cost of Revenue	2,978	5,892	5,679	6,294	3,111	3,115	3,226	3,178	3,157	3,362	3,772
Operating Cost of Revenue	2,978	5,892	5,679	6,294	3,111	3,115	3,226	3,178	3,157	3,362	3,772
Total Operating Expenses	4,475	1,476	1,986	1,104	5,022	4,218	7,352	5,241	4,395	4,575	5,416
Depreciation Expense	1,214	1,476	1,986	1,158	1,248	1,285	1,216	1,100	1,135	1,182	1,257
Other Operating Expenses / (Income)	3,261	-	-	-	3,372	3,056	3,499	4,018	3,260	3,393	4,159
Total Other Income / (Expense), net	-282	-300	-161	-443	7.00	31	-233	-379	-604	-528	-606
Interest Expense	393	385	391	476	569	600	869	628	748	882	1,005
Interest & Investment Income	-41	5.00	134	-128	451	516	538	125	-29	200	254
Other Income / (Expense), net	152	80	96	161	125	115	98	124	173	154	145
Income Tax Expense	1,001	411	-306	417	257	396	-441	-29	518	53	263
Basic Earnings per Share	$3.32	$1.76	$3.12	$2.85	$3.35	$3.78	($1.29)	$2.07	$5.15	$3.56	$4.23
Weighted Average Basic Shares Outstanding	505M	505M	505M	504M	504M	504M	504M	498M	498M	498M	499M
Diluted Earnings per Share	$3.30	$1.75	$3.10	$2.83	$3.33	$3.76	($1.29)	$2.06	$5.13	$3.54	$4.22
Weighted Average Diluted Shares Outstanding	508M	508M	507M	507M	507M	507M	504M	501M	500M	500M	501M
Weighted Average Basic & Diluted Shares Outstanding	505.70M	504M	504.50M	637.45M	637.58M	637.54M	634.53M	631.22M	631.04M	631.01M	631.19M
Cash Dividends to Common per Share	$1.56	$1.64	$1.72	$1.80	$1.88	$1.96	$2.04	$2.16	$2.28	$2.40	$2.52

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	139	546	532	434	520	286	589	585	622	315	741
Consolidated Net Income / (Loss)	139	546	532	434	520	286	589	585	622	315	741
Net Income / (Loss) Continuing Operations	139	546	532	434	520	286	589	585	622	315	741
Total Pre-Tax Income	65	687	629	437	559	200	617	726	720	311	848
Total Operating Income	551	692	685	582	641	445	797	817	855	511	1,075
Total Gross Profit	1,664	1,734	1,977	1,599	1,834	1,524	2,303	1,951	2,299	1,843	2,911
Total Revenue	2,456	2,605	2,760	2,423	2,642	2,465	3,222	2,805	3,226	2,915	3,848
Operating Revenue	2,456	2,605	2,760	2,423	2,642	2,465	3,222	2,805	3,226	2,915	3,848
Total Cost of Revenue	792	871	783	824	808	941	919	854	927	1,072	937
Operating Cost of Revenue	792	871	783	824	808	941	919	854	927	1,072	937
Total Operating Expenses	1,113	1,042	1,292	1,017	1,193	1,079	1,506	1,134	1,444	1,332	1,836
Depreciation Expense	282	292	295	285	294	308	320	308	311	318	329
Other Operating Expenses / (Income)	831	743	997	732	899	765	1,186	826	1,133	1,014	1,507
Total Other Income / (Expense), net	-486	-5.00	-56	-145	-82	-245	-180	-91	-135	-200	-227
Interest Expense	185	198	205	218	227	232	241	248	253	263	272
Interest & Investment Income	-342	153	114	26	108	-47	24	111	79	40	2.00
Other Income / (Expense), net	41	40	35	47	37	34	37	46	39	23	43
Income Tax Expense	-74	141	97	3.00	39	-86	28	141	98	-4.00	107
Basic Earnings per Share	$0.28	$1.09	$1.07	$0.87	$1.04	$0.58	$1.18	$1.17	$1.25	$0.63	$1.48
Weighted Average Basic Shares Outstanding	498M	498M	499M	498M	498M	498M	498M	499M	499M	499M	499M
Diluted Earnings per Share	$0.27	$1.10	$1.06	$0.87	$1.04	$0.57	$1.18	$1.17	$1.24	$0.63	$1.48
Weighted Average Diluted Shares Outstanding	500M	500M	500M	500M	500M	500M	500M	500M	501M	501M	500M
Weighted Average Basic & Diluted Shares Outstanding	630.76M	631.04M	630.53M	630.61M	630.68M	631.01M	631.45M	631.53M	631.60M	631.19M	630.77M
Cash Dividends to Common per Share	$0.57	-	$0.60	$0.60	-	-	$0.63	$0.63	-	-	$0.67

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-8.00	31	2,398	-116	-23	396	291	-352	-412	55	2.00
Net Cash From Operating Activities	3,919	3,313	5,319	2,913	-3,379	3,102	1,736	1,503	3,806	2,133	3,298
Net Cash From Continuing Operating Activities	3,919	3,313	5,319	2,913	3,379	3,102	1,822	1,503	3,806	2,133	3,298
Net Income / (Loss) Continuing Operations	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772	2,111
Consolidated Net Income / (Loss)	1,679	887	1,574	1,438	1,693	1,905	-648	1,031	2,563	1,772	2,111
Depreciation Expense	1,214	1,476	3,939	1,158	1,248	1,285	1,216	1,100	1,135	1,182	1,257
Amortization Expense	213	203	604	187	178	184	187	231	271	316	371
Non-Cash Adjustments To Reconcile Net Income	-167	209	452	438	-9.00	-478	2,129	252	-1,885	-949	-631
Changes in Operating Assets and Liabilities, net	980	538	318	-308	269	206	-1,062	-1,111	1,722	-188	190
Net Cash From Investing Activities	-3,942	-4,248	-4,218	-3,916	-3,145	-2,676	-2,244	-1,101	-2,958	-3,306	-3,308
Net Cash From Continuing Investing Activities	-3,942	-4,248	-4,218	-3,916	-3,145	-2,676	-2,244	-1,101	-2,958	-3,306	-3,308
Purchase of Property, Plant & Equipment	-3,863	-4,199	-	-3,912	-3,166	-2,923	-2,719	-2,888	-3,325	-3,380	-3,272
Acquisitions	-106	-99	-	-146	-98	0.00	-111	-124	0.00	0.00	0.00
Purchase of Investments	-1,552	-856	-	-1,473	-1,814	-2,250	-2,092	-1,611	-1,751	-1,563	-1,371
Sale of Property, Plant & Equipment	-	-	4,190	31	70	301	569	1,918	37	0.00	0.00
Divestitures	-	-	117	-	-	-	0.00	0.00	291	0.00	0.00
Sale and/or Maturity of Investments	1,501	824	9,113	1,501	1,787	2,234	2,100	1,586	1,714	1,537	1,378
Other Investing Activities, net	78	82	-128	83	76	-38	9.00	18	76	100	-43
Net Cash From Financing Activities	15	966	1,297	887	-257	-30	799	-754	-1,260	1,228	12
Net Cash From Continuing Financing Activities	15	966	1,297	887	-257	-30	799	-754	-1,260	1,228	12
Repayment of Debt	-495	-800	-87	-876	-1,151	-2,217	-3,420	-4,019	-3,575	-1,256	-2,314
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-500	0.00	0.00	0.00
Payment of Dividends	-789	-830	1,220	-910	-950	-991	-1,031	-1,079	-1,137	-1,196	-1,258
Issuance of Debt	1,350	2,675	3,604	2,750	1,900	3,250	5,325	4,850	3,550	3,750	3,700
Other Financing Activities, net	-51	-79	-	-77	-56	-72	-75	-6.00	-98	-70	-116
Cash Interest Paid	381	365	719	454	539	568	547	602	683	799	932
Cash Income Taxes Paid	447	-245	-35	99	41	297	425	353	144	68	0.00

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-483	109	1,125	-1,029	-346	305	776	-715	79	-138	272
Net Cash From Operating Activities	577	820	661	532	194	746	1,049	478	1,050	721	1,271
Net Cash From Continuing Operating Activities	701	820	661	441	194	746	1,049	478	984	787	1,271
Net Income / (Loss) Continuing Operations	139	546	532	434	520	286	589	585	622	315	741
Consolidated Net Income / (Loss)	139	546	532	434	520	286	589	585	622	315	741
Depreciation Expense	282	292	295	285	294	308	320	308	311	318	329
Amortization Expense	72	69	78	42	142	81	91	89	96	95	104
Non-Cash Adjustments To Reconcile Net Income	208	-597	-3.00	-237	-559	-262	-24	-424	-438	234	152
Changes in Operating Assets and Liabilities, net	-	510	-241	-83	-203	333	73	-80	393	-175	-55
Net Cash From Investing Activities	-911	-928	-785	-827	-751	-943	-618	-770	-672	-1,248	-736
Net Cash From Continuing Investing Activities	-911	-928	-785	-827	-751	-943	-618	-770	-672	-1,248	-736
Purchase of Property, Plant & Equipment	-916	-965	-797	-837	-768	-978	-628	-787	-728	-1,129	-693
Purchase of Investments	-283	-726	-380	-461	-453	-269	-410	-346	-305	-310	-559
Sale of Property, Plant & Equipment	-	17	0.00	-	-	-	0.00	-	-	-	0.00
Divestitures	1.00	-	0.00	-	-	-	0.00	-	-	-	0.00
Sale and/or Maturity of Investments	277	716	369	445	442	281	394	337	342	305	541
Other Investing Activities, net	10	30	23	26	28	23	26	26	19	-114	-25
Net Cash From Financing Activities	-273	217	1,249	-734	211	502	345	-423	-233	323	-263
Net Cash From Continuing Financing Activities	-273	217	1,249	-734	211	502	345	-423	-233	323	-263
Repayment of Debt	-889	-401	-675	-462	-590	471	-1,193	-1,350	-425	654	-1,314
Payment of Dividends	-284	-284	-299	-299	-299	-299	-314	-315	-314	-315	-334
Issuance of Debt	900	1,000	2,250	-	1,100	400	1,900	1,250	450	100	1,500
Other Financing Activities, net	-	-	-27	-	-	-	-48	-8.00	-	-	-115
Cash Interest Paid	154	182	172	203	190	234	226	216	249	241	269
Cash Income Taxes Paid	34	47	-4.00	21	10	41	-71	16	60	-5.00	-157

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	3,516	40,070	42,716	89,029	47,730	50,050	48,999	48,718	50,741	54,640	57,576
Total Current Assets	978	3,254	3,312	6,921	3,231	3,630	6,250	4,303	3,373	4,235	4,596
Cash & Equivalents	-	423	313	238	147	543	818	465	54	125	132
Accounts Receivable	197	1,421	1,644	3,668	1,552	1,639	2,076	2,266	1,726	1,910	2,269
Inventories, net	-	561	577	1,140	587	601	448	540	759	892	873
Prepaid Expenses	-	76	118	118	79	51	63	93	144	117	75
Current Deferred & Refundable Income Taxes	305	78	127	262	21	63	9.00	79	10	394	406
Other Current Assets	476	695	533	1,495	845	733	2,836	860	680	797	841
Plant, Property, & Equipment, net	0.00	29,286	31,797	68,561	35,844	37,585	34,366	35,942	38,031	40,064	42,064
Plant, Property & Equipment, gross	-	39,337	41,231	88,402	45,944	48,569	43,684	45,924	48,603	51,207	53,920
Accumulated Depreciation	-	10,051	9,434	19,497	10,100	10,984	9,318	9,982	10,572	11,143	11,856
Total Noncurrent Assets	2,538	7,313	7,607	13,547	8,655	8,835	8,383	8,473	9,337	10,341	10,916
Long-Term Investments	-	1,050	932	1,252	812	536	541	624	295	263	372
Noncurrent Note & Lease Receivables	495	589	686	624	813	945	828	551	632	558	520
Other Noncurrent Operating Assets	1,754	5,456	5,859	11,353	6,731	7,196	6,947	7,293	8,410	9,520	10,024
Total Liabilities & Shareholders' Equity	6.00	40,070	42,716	89,029	47,730	50,050	48,999	48,718	50,741	54,640	57,576
Total Liabilities	676	26,488	28,327	57,792	32,641	34,066	34,561	34,989	35,264	38,995	40,884
Total Current Liabilities	676	3,276	4,168	8,602	5,047	5,522	7,072	6,680	5,057	6,505	5,740
Short-Term Debt	364	888	1,542	3,319	2,480	2,747	4,219	3,775	2,449	3,743	2,404
Accounts Payable	-	1,459	1,694	2,999	1,358	1,332	1,315	1,271	1,214	1,136	1,489
Current Deferred Revenue	128	132	129	272	119	98	179	290	89	93	106
Current Deferred & Payable Income Tax Liabilities	42	31	48	26	41	124	67	12	8.00	10	95
Other Current Liabilities	142	669	652	1,771	933	1,095	1,027	1,198	1,127	1,304	1,381
Other Current Nonoperating Liabilities	-	97	103	215	116	126	265	134	170	219	265
Total Noncurrent Liabilities	0.00	12,769	12,633	49,190	27,594	28,544	27,489	28,309	30,207	32,490	35,144
Long-Term Debt	-	10,895	12,068	24,643	13,743	14,496	15,219	16,495	17,784	18,964	21,670
Capital Lease Obligations	-	-	-	0.00	273	252	191	169	173	153	128
Asset Retirement Reserve & Litigation Obligation	0.00	1,245	4,329	9,160	4,438	4,205	4,315	3,970	3,756	3,996	3,654
Noncurrent Deferred & Payable Income Tax Liabilities	-	8,838	5,415	11,488	6,438	6,590	5,859	5,791	6,716	7,378	8,071
Noncurrent Employee Benefit Liabilities	-	2,020	2,121	3,413	2,483	2,783	1,704	1,652	1,571	1,790	1,338
Other Noncurrent Operating Liabilities	-	214	226	486	219	218	201	232	207	209	283
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	-670	9,086	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114	16,982
Total Preferred & Common Equity	13,066	13,130	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114	16,982
Total Common Equity	-671	9,086	13,847	31,237	15,089	15,984	14,438	13,729	15,477	16,114	16,982
Common Stock	-	892	4,961	9,181	5,003	5,031	5,045	5,065	5,018	5,057	5,062
Retained Earnings	-	9,174	9,878	23,561	11,406	12,318	10,639	10,591	12,017	12,593	13,446
Treasury Stock	-671	-717	-763	-808	-831	-861	-896	-1,377	-1,379	-1,403	-1,435
Accumulated Other Comprehensive Income / (Loss)	-	-263	-229	-697	-489	-504	-350	-550	-179	-133	-91
Other Equity Adjustments	-	0.00	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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	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	9/30/2025	3/31/2026
Total Assets	49,505	49,552	50,741	52,388	52,382	54,080	54,640	55,575	56,024	56,913	57,945
Total Current Assets	3,863	3,283	3,373	4,282	3,576	3,992	4,235	4,799	4,588	4,679	4,409
Cash & Equivalents	547	57	54	1,186	113	203	125	894	186	334	404
Accounts Receivable	1,612	1,582	1,726	1,737	1,650	1,634	1,910	2,002	2,030	1,842	2,336
Inventories, net	645	686	759	825	857	907	892	898	889	882	881
Prepaid Expenses	365	297	144	119	349	278	117	104	365	215	109
Current Deferred & Refundable Income Taxes	8.00	8.00	10	5.00	-	-	394	316	330	402	267
Other Current Assets	686	653	680	410	607	822	797	585	788	1,004	412
Plant, Property, & Equipment, net	36,860	37,454	38,031	38,494	39,021	39,601	40,064	40,276	40,764	41,387	42,428
Plant, Property & Equipment, gross	47,193	47,990	48,603	49,295	49,813	50,615	51,207	51,687	52,341	53,187	54,518
Accumulated Depreciation	10,333	10,536	10,572	10,801	10,792	11,014	11,143	11,411	11,577	11,800	12,090
Total Noncurrent Assets	8,782	8,815	9,337	9,612	9,785	10,487	10,341	10,500	10,672	10,847	11,108
Long-Term Investments	302	298	295	271	268	265	263	239	236	243	391
Noncurrent Note & Lease Receivables	562	563	632	637	642	641	558	561	566	564	526
Other Noncurrent Operating Assets	7,904	7,931	8,410	8,704	8,875	9,581	9,520	9,700	9,870	10,040	10,191
Total Liabilities & Shareholders' Equity	49,505	49,552	50,741	52,388	52,382	54,080	54,640	55,575	56,024	56,913	57,945
Total Liabilities	34,452	34,881	35,264	36,670	36,558	37,985	38,995	39,661	39,803	40,347	40,924
Total Current Liabilities	5,750	5,190	5,057	5,388	5,534	5,858	6,505	5,819	4,582	5,009	4,550
Short-Term Debt	3,272	2,695	2,449	3,025	2,979	2,947	3,743	3,000	1,650	1,704	1,590
Accounts Payable	1,050	1,120	1,214	980	1,052	1,121	1,136	1,094	1,175	1,308	1,204
Current Deferred Revenue	92	93	89	93	98	93	93	119	104	99	126
Current Deferred & Payable Income Tax Liabilities	11	12	8.00	37	13	15	10	41	70	106	61
Other Current Liabilities	1,184	1,108	1,127	1,060	1,192	1,457	1,304	1,335	1,326	1,540	1,302
Other Current Nonoperating Liabilities	141	162	170	193	200	225	219	230	257	252	267
Total Noncurrent Liabilities	28,702	29,691	30,207	31,282	31,024	32,127	32,490	33,842	35,221	35,338	36,374
Long-Term Debt	16,394	17,039	17,784	18,764	18,419	18,960	18,964	20,398	21,639	21,666	22,665
Capital Lease Obligations	166	173	173	168	164	159	153	150	144	138	144
Asset Retirement Reserve & Litigation Obligation	3,901	3,875	3,756	3,740	3,718	4,035	3,996	3,810	3,728	3,689	3,603
Noncurrent Deferred & Payable Income Tax Liabilities	6,402	6,533	6,716	6,839	6,975	7,231	7,378	7,498	7,734	7,873	8,357
Noncurrent Employee Benefit Liabilities	1,638	1,866	1,571	1,557	1,552	1,540	1,790	1,766	1,759	1,742	1,318
Other Noncurrent Operating Liabilities	201	205	207	214	196	202	209	220	217	230	287
Commitments & Contingencies	-	0.00	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671	17,009	17,303
Total Preferred & Common Equity	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671	17,009	17,303
Total Common Equity	15,053	15,166	15,477	15,718	15,824	16,095	16,114	16,370	16,671	17,009	17,303
Common Stock	5,054	5,008	5,018	5,003	5,020	5,036	5,057	5,014	5,029	5,045	5,010
Retained Earnings	11,900	11,755	12,017	12,250	12,385	12,606	12,593	12,868	13,138	13,446	13,853
Treasury Stock	-1,386	-1,384	-1,379	-1,366	-1,408	-1,405	-1,403	-1,376	-1,373	-1,370	-1,475
Accumulated Other Comprehensive Income / (Loss)	-515	-213	-179	-169	-173	-142	-133	-136	-123	-112	-85
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.33%	-13.91%	1.43%	6.62%	3.92%	-4.69%	1.24%	0.80%	14.66%	-8.43%	18.25%
EBITDA Growth	6.12%	-26.07%	80.76%	-37.31%	-8.15%	10.30%	-83.26%	339.69%	85.58%	-23.92%	18.68%
EBIT Growth	9.19%	-46.11%	-9.12%	61.25%	-15.90%	15.33%	-131.78%	298.55%	156.28%	-35.03%	24.65%
NOPAT Growth	14.46%	-41.15%	62.44%	0.43%	-5.30%	11.41%	-131.88%	337.14%	115.73%	-25.47%	15.98%
Net Income Growth	10.61%	-47.17%	77.45%	-8.64%	17.73%	12.52%	-134.02%	259.10%	148.59%	-30.86%	19.13%
EPS Growth	10.37%	-46.97%	77.14%	-8.71%	17.67%	12.91%	-134.31%	259.69%	149.03%	-30.99%	19.21%
Operating Cash Flow Growth	24.02%	-15.46%	60.55%	-45.23%	-216.00%	191.80%	-44.04%	-13.42%	153.23%	-43.96%	54.62%
Free Cash Flow Firm Growth	3.25%	-1,392.65%	93.27%	-2,133.59%	198.58%	-99.67%	-1,197.39%	212.88%	-51.36%	-160.46%	195.26%
Invested Capital Growth	12.22%	641.95%	12.98%	115.68%	-46.93%	5.80%	1.37%	0.73%	7.50%	7.37%	6.05%
Revenue Q/Q Growth	-4.54%	-3.06%	1.25%	-30.50%	27.30%	33.12%	7.21%	0.85%	-4.54%	-1.34%	3.84%
EBITDA Q/Q Growth	-7.82%	-5.12%	63.56%	-52.39%	90.72%	3.85%	771.62%	5.55%	-4.17%	-5.32%	1.69%
EBIT Q/Q Growth	-9.66%	-30.08%	53.89%	-26.62%	48.67%	6.00%	45.23%	6.74%	-6.54%	-9.17%	1.79%
NOPAT Q/Q Growth	-6.27%	-26.42%	164.90%	-42.63%	32.44%	6.22%	35.40%	-1.35%	-6.18%	-0.02%	-1.16%
Net Income Q/Q Growth	-9.05%	-31.45%	202.69%	-49.90%	75.08%	10.50%	2.11%	49.85%	-8.63%	-12.80%	1.39%
EPS Q/Q Growth	-9.34%	-31.10%	200.97%	-34.49%	16.43%	-0.27%	2.27%	51.47%	-8.56%	-13.02%	1.44%
Operating Cash Flow Q/Q Growth	1.74%	-4.03%	61.92%	-61.06%	-564.15%	186.87%	-1.53%	19.38%	0.48%	-3.35%	-0.63%
Free Cash Flow Firm Q/Q Growth	110.55%	-206.34%	94.06%	-3,950.01%	195.23%	-99.69%	-5.09%	34.59%	-58.71%	68.42%	-52.86%
Invested Capital Q/Q Growth	-83.23%	947.69%	7.36%	100.81%	-49.13%	2.03%	3.21%	2.17%	3.84%	1.50%	2.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.41%	34.29%	37.55%	35.09%	69.12%	67.56%	66.82%	67.57%	71.97%	67.39%	69.00%
EBITDA Margin	43.60%	37.44%	66.73%	39.23%	34.68%	40.13%	6.63%	28.94%	46.84%	38.91%	39.06%
Operating Margin	28.44%	17.82%	15.71%	23.70%	19.28%	23.64%	-8.80%	14.09%	32.79%	22.87%	24.49%
EBIT Margin	29.90%	18.72%	16.77%	25.36%	20.52%	24.84%	-7.80%	15.36%	34.32%	24.35%	25.68%
Profit (Net Income) Margin	16.12%	9.89%	17.31%	14.83%	16.80%	19.84%	-6.67%	10.52%	22.81%	17.22%	17.35%
Tax Burden Percent	62.65%	68.34%	124.13%	77.52%	86.82%	82.79%	59.50%	102.89%	83.19%	97.10%	88.92%
Interest Burden Percent	86.06%	77.35%	83.15%	75.44%	94.29%	96.48%	143.67%	66.58%	79.88%	72.83%	75.97%
Effective Tax Rate	37.35%	31.66%	-24.13%	22.48%	13.18%	17.21%	0.00%	-2.89%	16.81%	2.90%	11.08%
Return on Invested Capital (ROIC)	61.25%	8.10%	7.01%	4.20%	3.81%	5.94%	-1.83%	4.29%	8.90%	6.17%	6.71%
ROIC Less NNEP Spread (ROIC-NNEP)	56.45%	5.89%	5.56%	2.47%	3.83%	6.10%	-2.11%	2.24%	6.37%	3.76%	4.36%
Return on Net Nonoperating Assets (RNNOA)	-318.77%	12.98%	6.72%	2.18%	3.50%	6.32%	-2.43%	3.03%	8.66%	5.05%	6.05%
Return on Equity (ROE)	-257.52%	21.08%	13.73%	6.38%	7.31%	12.26%	-4.26%	7.32%	17.55%	11.22%	12.76%
Cash Return on Invested Capital (CROIC)	49.73%	-144.40%	-5.18%	-69.09%	65.12%	0.30%	-3.19%	3.57%	1.67%	-0.94%	0.84%
Operating Return on Assets (OROA)	88.07%	7.70%	3.68%	3.73%	3.02%	4.88%	-1.53%	3.08%	7.76%	4.76%	5.57%
Return on Assets (ROA)	47.48%	4.07%	3.80%	2.18%	2.48%	3.90%	-1.31%	2.11%	5.15%	3.36%	3.76%
Return on Common Equity (ROCE)	-257.91%	21.08%	13.73%	6.38%	7.31%	12.26%	-4.26%	7.32%	17.55%	11.22%	12.76%
Return on Equity Simple (ROE_SIMPLE)	12.85%	6.76%	11.37%	4.60%	11.22%	11.92%	-4.49%	7.51%	16.56%	11.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,856	1,092	1,774	1,781	1,687	1,879	-599	1,421	3,065	2,285	2,650
NOPAT Margin	17.82%	12.18%	19.51%	18.37%	16.74%	19.57%	-6.16%	14.50%	27.28%	22.20%	21.78%
Net Nonoperating Expense Percent (NNEP)	4.80%	2.21%	1.44%	1.73%	-0.03%	-0.16%	0.28%	2.05%	2.53%	2.42%	2.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.16%	8.54%	5.86%	6.43%
Cost of Revenue to Revenue	28.59%	65.71%	62.45%	64.91%	30.88%	32.44%	33.18%	32.43%	28.03%	32.61%	31.00%
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	42.97%	16.46%	21.84%	11.39%	49.84%	43.92%	75.62%	53.48%	39.17%	44.52%	44.51%
Earnings before Interest and Taxes (EBIT)	3,114	1,678	1,525	2,459	2,068	2,385	-758	1,505	3,857	2,506	3,125
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,541	3,357	6,068	3,804	3,494	3,854	645	2,836	5,263	4,004	4,753
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.37	1.90	0.88	2.13	2.06	2.70	2.63	2.41	3.31	2.99
Price to Tangible Book Value (P/TBV)	0.00	2.40	1.92	0.89	2.15	2.08	2.70	2.63	2.41	3.31	2.99
Price to Revenue (P/Rev)	1.76	2.41	2.89	2.83	3.19	3.43	4.01	3.68	3.33	5.18	4.17
Price to Earnings (P/E)	10.91	24.32	16.69	19.11	19.01	17.30	0.00	35.01	14.58	30.07	24.03
Dividend Yield	5.44%	4.85%	4.18%	4.18%	3.73%	3.80%	3.34%	3.78%	3.85%	2.84%	3.14%
Earnings Yield	9.17%	4.11%	5.99%	5.23%	5.26%	5.78%	0.00%	2.86%	6.86%	3.33%	4.16%
Enterprise Value to Invested Capital (EV/IC)	5.83	1.34	1.44	0.93	1.55	1.52	1.74	1.67	1.61	1.98	1.83
Enterprise Value to Revenue (EV/Rev)	1.79	3.56	4.25	5.56	4.74	5.14	5.89	5.66	5.11	7.36	6.12
Enterprise Value to EBITDA (EV/EBITDA)	4.11	9.50	6.37	14.18	13.66	12.81	88.78	19.55	10.91	18.92	15.66
Enterprise Value to EBIT (EV/EBIT)	6.00	19.00	25.34	21.94	23.08	20.70	0.00	36.84	14.89	30.23	23.81
Enterprise Value to NOPAT (EV/NOPAT)	10.07	29.20	21.78	30.29	28.29	26.27	0.00	39.02	18.73	33.16	28.08
Enterprise Value to Operating Cash Flow (EV/OCF)	4.77	9.62	7.26	18.52	0.00	15.92	32.99	36.89	15.09	35.52	22.56
Enterprise Value to Free Cash Flow (EV/FCFF)	12.40	0.00	0.00	0.00	1.65	517.90	0.00	46.95	99.96	0.00	224.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.54	1.30	0.98	0.90	1.09	1.09	1.36	1.49	1.32	1.42	1.43
Long-Term Debt to Equity	0.00	1.20	0.87	0.79	0.93	0.92	1.07	1.21	1.16	1.19	1.28
Financial Leverage	-5.65	2.21	1.21	0.88	0.91	1.04	1.15	1.35	1.36	1.34	1.39
Leverage Ratio	-5.42	5.18	3.61	2.92	2.95	3.15	3.26	3.47	3.41	3.34	3.39
Compound Leverage Factor	-4.67	4.01	3.00	2.20	2.78	3.04	4.68	2.31	2.72	2.43	2.58
Debt to Total Capital	-118.95%	56.46%	49.57%	47.23%	52.23%	52.26%	57.62%	59.82%	56.87%	58.65%	58.77%
Short-Term Debt to Total Capital	-118.95%	4.26%	5.62%	5.61%	7.85%	8.21%	12.38%	11.05%	6.83%	9.60%	5.84%
Long-Term Debt to Total Capital	0.00%	52.21%	43.95%	41.63%	44.38%	44.05%	45.23%	48.77%	50.04%	49.05%	52.93%
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	-0.33%	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	219.28%	43.54%	50.43%	52.77%	47.77%	47.74%	42.38%	40.18%	43.13%	41.35%	41.23%
Debt to EBITDA	0.08	3.51	2.24	7.35	4.72	4.54	30.43	7.21	3.88	5.71	5.09
Net Debt to EBITDA	0.08	3.07	2.04	6.96	4.45	4.26	28.33	6.82	3.81	5.61	4.99
Long-Term Debt to EBITDA	0.00	3.25	1.99	6.48	4.01	3.83	23.89	5.88	3.41	4.77	4.59
Debt to NOPAT	0.20	10.79	7.67	15.70	9.78	9.31	-32.76	14.38	6.66	10.01	9.13
Net Debt to NOPAT	0.20	9.44	6.97	14.86	9.21	8.74	-30.49	13.62	6.54	9.84	8.94
Long-Term Debt to NOPAT	0.00	9.98	6.80	13.83	8.31	7.85	-25.72	11.73	5.86	8.37	8.23
Altman Z-Score	22.25	1.17	1.19	0.83	1.23	1.23	1.11	1.17	1.40	1.43	1.44
Noncontrolling Interest Sharing Ratio	-0.15%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	0.99	0.79	0.80	0.64	0.66	0.88	0.64	0.67	0.65	0.80
Quick Ratio	0.29	0.56	0.47	0.45	0.34	0.40	0.41	0.41	0.35	0.31	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,507	-19,476	-1,311	-29,286	28,869	95	-1,046	1,181	574	-347	331
Operating Cash Flow to CapEx	101.45%	78.90%	0.00%	75.06%	-109.14%	118.31%	80.74%	154.95%	115.75%	63.11%	100.79%
Free Cash Flow to Firm to Interest Expense	3.83	-50.59	-3.35	-61.52	50.74	0.16	-1.20	1.88	0.77	-0.39	0.33
Operating Cash Flow to Interest Expense	9.97	8.61	13.60	6.12	-5.94	5.17	2.00	2.39	5.09	2.42	3.28
Operating Cash Flow Less CapEx to Interest Expense	0.14	-2.30	24.32	-2.03	-11.38	0.80	-0.48	0.85	0.69	-1.41	0.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.95	0.41	0.22	0.15	0.15	0.20	0.20	0.20	0.23	0.20	0.22
Accounts Receivable Turnover	43.31	11.08	5.93	3.65	3.86	6.02	5.23	4.51	5.63	5.66	5.82
Inventory Turnover	0.00	0.00	9.98	7.33	3.60	5.24	6.15	6.43	4.85	4.07	4.27
Fixed Asset Turnover	0.00	0.00	0.30	0.19	0.19	0.26	0.27	0.28	0.30	0.26	0.30
Accounts Payable Turnover	0.00	0.00	3.60	2.68	1.43	2.32	2.44	2.46	2.54	2.86	2.87
Days Sales Outstanding (DSO)	8.43	32.93	61.51	99.98	94.55	60.64	69.74	80.86	64.83	64.49	62.68
Days Inventory Outstanding (DIO)	0.00	0.00	36.57	49.79	101.31	69.60	59.34	56.74	75.26	89.78	85.40
Days Payable Outstanding (DPO)	0.00	0.00	101.32	136.08	255.59	157.60	149.75	148.50	143.97	127.79	127.00
Cash Conversion Cycle (CCC)	8.43	32.93	-3.25	13.69	-59.74	-27.36	-20.66	-10.91	-3.88	26.48	21.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,204	23,772	26,857	57,924	30,742	32,526	32,973	33,213	35,704	38,336	40,655
Invested Capital Turnover	3.44	0.66	0.36	0.23	0.23	0.30	0.30	0.30	0.33	0.28	0.31
Increase / (Decrease) in Invested Capital	349	20,568	3,085	31,067	-27,182	1,784	447	240	2,491	2,632	2,319
Enterprise Value (EV)	18,682	31,883	38,641	53,952	47,727	49,374	57,262	55,445	57,422	75,758	74,416
Market Capitalization	18,317	21,573	26,276	27,480	32,190	32,958	38,992	36,095	37,365	53,286	50,718
Book Value per Share	($1.05)	$14.23	$21.69	$48.97	$23.64	$25.04	$22.63	$21.74	$24.54	$25.55	$26.89
Tangible Book Value per Share	($1.24)	$14.06	$21.48	$48.47	$23.41	$24.79	$22.59	$21.74	$24.54	$25.55	$26.89
Total Capital	-306	20,869	27,457	59,199	31,585	33,479	34,067	34,168	35,883	38,974	41,184
Total Debt	364	11,783	13,610	27,962	16,496	17,495	19,629	20,439	20,406	22,860	24,202
Total Long-Term Debt	0.00	10,895	12,068	24,643	14,016	14,748	15,410	16,664	17,957	19,117	21,798
Net Debt	364	10,310	12,365	26,472	15,537	16,416	18,270	19,350	20,057	22,472	23,698
Capital Expenditures (CapEx)	3,863	4,199	-4,190	3,881	3,096	2,622	2,150	970	3,288	3,380	3,272
Debt-free, Cash-free Net Working Capital (DFCFNWC)	666	443	373	1,400	517	312	2,579	933	711	1,348	1,128
Debt-free Net Working Capital (DFNWC)	666	866	686	1,638	664	855	3,397	1,398	765	1,473	1,260
Net Working Capital (NWC)	302	-22	-856	-1,681	-1,816	-1,892	-822	-2,377	-1,684	-2,270	-1,144
Net Nonoperating Expense (NNE)	177	205	200	343	-6.08	-26	49	390	502	513	539
Net Nonoperating Obligations (NNO)	3,874	14,686	13,010	26,687	15,653	16,542	18,535	19,484	20,227	22,222	23,673
Total Depreciation and Amortization (D&A)	1,427	1,679	4,543	1,345	1,426	1,469	1,403	1,331	1,406	1,498	1,628
Debt-free, Cash-free Net Working Capital to Revenue	6.39%	4.94%	4.10%	14.44%	5.13%	3.25%	26.53%	9.52%	6.33%	13.10%	9.27%
Debt-free Net Working Capital to Revenue	6.39%	9.66%	7.54%	16.89%	6.59%	8.90%	34.94%	14.27%	6.81%	14.31%	10.36%
Net Working Capital to Revenue	2.90%	-0.25%	-9.41%	-17.34%	-18.02%	-19.70%	-8.46%	-24.26%	-14.99%	-22.06%	-9.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.32	$1.76	$3.12	$2.85	$3.35	$3.78	($1.29)	$2.07	$5.15	$3.56	$4.23
Adjusted Weighted Average Basic Shares Outstanding	505M	505M	505M	504M	504M	504M	504M	498M	498M	498M	499M
Adjusted Diluted Earnings per Share	$3.30	$1.75	$3.10	$2.83	$3.33	$3.76	($1.29)	$2.06	$5.13	$3.54	$4.22
Adjusted Weighted Average Diluted Shares Outstanding	508M	508M	507M	507M	507M	507M	504M	501M	500M	500M	501M
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	638.89M	638.67M	637.22M	637.45M	637.58M	637.54M	634.53M	631.22M	631.04M	631.01M	631.19M
Normalized Net Operating Profit after Tax (NOPAT)	1,856	1,092	1,000	1,740	2,036	1,778	1,247	1,053	3,071	2,290	2,650
Normalized NOPAT Margin	17.82%	12.18%	11.00%	17.94%	20.21%	18.51%	12.82%	10.74%	27.33%	22.26%	21.78%
Pre Tax Income Margin	25.73%	14.48%	13.94%	19.13%	19.35%	23.96%	-11.20%	10.22%	27.42%	17.74%	19.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.92	4.36	3.90	5.17	3.63	3.98	-0.87	2.40	5.16	2.84	3.11
NOPAT to Interest Expense	4.72	2.84	4.54	3.74	2.96	3.13	-0.69	2.26	4.10	2.59	2.64
EBIT Less CapEx to Interest Expense	-1.91	-6.55	14.62	-2.99	-1.81	-0.40	-3.35	0.85	0.76	-0.99	-0.15
NOPAT Less CapEx to Interest Expense	-5.11	-8.07	15.25	-4.41	-2.48	-1.24	-3.16	0.72	-0.30	-1.24	-0.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.99%	93.57%	-77.51%	63.28%	56.11%	52.02%	-159.10%	104.66%	44.36%	67.49%	59.59%
Augmented Payout Ratio	46.99%	93.57%	-77.51%	63.28%	56.11%	52.02%	-159.10%	153.15%	44.36%	67.49%	59.59%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	631,190,254.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	631,190,254.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.10%	-17.01%	-26.50%	0.08%	7.57%	-5.37%	16.74%	15.77%	22.10%	18.26%	19.43%
EBITDA Growth	77.15%	-20.22%	-51.90%	8.88%	17.76%	-20.59%	13.91%	27.79%	23.08%	8.98%	24.58%
EBIT Growth	174.07%	-26.95%	-57.40%	-25.39%	14.53%	-34.56%	15.83%	37.20%	31.86%	11.25%	34.05%
NOPAT Growth	228.60%	-27.38%	-56.70%	-8.36%	-49.39%	15.71%	31.32%	13.90%	23.87%	-18.67%	23.46%
Net Income Growth	21.93%	-30.71%	-58.66%	-26.57%	274.10%	-47.62%	10.71%	34.79%	19.62%	10.14%	25.81%
EPS Growth	22.73%	-30.38%	-58.91%	-26.27%	285.19%	-48.18%	11.32%	34.48%	19.23%	10.53%	25.42%
Operating Cash Flow Growth	67.25%	2.24%	-70.16%	174.23%	-66.38%	-9.02%	58.70%	-0.83%	323.39%	-2.83%	21.16%
Free Cash Flow Firm Growth	-241.31%	-475.18%	-136.77%	-51.96%	-299.70%	-2.81%	41.29%	33.65%	55.52%	9.73%	-0.47%
Invested Capital Growth	5.77%	7.50%	8.79%	8.86%	9.84%	7.37%	5.90%	6.14%	5.24%	6.05%	6.05%
Revenue Q/Q Growth	1.45%	6.07%	5.95%	-12.21%	9.04%	-6.70%	30.71%	-12.94%	15.01%	-9.64%	32.01%
EBITDA Q/Q Growth	7.74%	15.54%	-7.38%	-10.32%	16.53%	-22.08%	43.43%	1.20%	3.25%	-27.21%	63.78%
EBIT Q/Q Growth	-29.77%	23.65%	-1.64%	-12.64%	7.79%	-29.35%	74.11%	3.48%	3.59%	-40.27%	109.36%
NOPAT Q/Q Growth	86.82%	-53.32%	5.34%	-0.23%	3.16%	6.72%	19.56%	-13.47%	12.20%	-29.93%	81.49%
Net Income Q/Q Growth	-76.48%	292.81%	-2.56%	-18.42%	19.82%	-45.00%	105.94%	-0.68%	6.32%	-49.36%	135.24%
EPS Q/Q Growth	-77.12%	307.41%	-3.64%	-17.92%	19.54%	-45.19%	107.02%	-0.85%	5.98%	-49.19%	134.92%
Operating Cash Flow Q/Q Growth	197.42%	42.11%	-6.90%	-19.52%	-63.53%	284.54%	40.62%	-54.43%	119.67%	-31.33%	76.28%
Free Cash Flow Firm Q/Q Growth	56.73%	-178.20%	-21.72%	-3.70%	-13.83%	28.44%	30.49%	-17.19%	23.70%	-45.23%	22.64%
Invested Capital Q/Q Growth	0.61%	3.84%	1.98%	2.18%	1.52%	1.50%	0.58%	2.41%	0.66%	2.28%	0.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.75%	66.56%	71.63%	65.99%	69.42%	61.83%	71.48%	69.55%	71.26%	63.22%	75.65%
EBITDA Margin	38.52%	41.96%	38.62%	39.46%	42.17%	35.21%	38.64%	44.92%	40.33%	32.49%	40.31%
Operating Margin	22.43%	26.56%	24.82%	24.02%	24.26%	18.05%	24.74%	29.13%	26.50%	17.53%	27.94%
EBIT Margin	24.10%	28.10%	26.09%	25.96%	25.66%	19.43%	25.88%	30.77%	27.71%	18.32%	29.05%
Profit (Net Income) Margin	5.66%	20.96%	19.28%	17.91%	19.68%	11.60%	18.28%	20.86%	19.28%	10.81%	19.26%
Tax Burden Percent	213.85%	79.48%	84.58%	99.31%	93.02%	143.00%	95.46%	80.58%	86.39%	101.29%	87.38%
Interest Burden Percent	10.98%	93.85%	87.36%	69.48%	82.45%	41.75%	73.98%	84.13%	80.54%	58.24%	75.85%
Effective Tax Rate	-113.85%	20.52%	15.42%	0.69%	6.98%	-43.00%	4.54%	19.42%	13.61%	-1.29%	12.62%
Return on Invested Capital (ROIC)	16.88%	6.88%	6.15%	6.85%	6.52%	7.18%	6.77%	6.81%	6.92%	5.47%	7.86%
ROIC Less NNEP Spread (ROIC-NNEP)	11.48%	6.86%	5.91%	6.14%	6.15%	5.52%	5.97%	6.48%	6.40%	4.59%	7.00%
Return on Net Nonoperating Assets (RNNOA)	15.55%	9.33%	7.66%	8.05%	8.05%	7.42%	7.98%	8.82%	8.58%	6.36%	9.51%
Return on Equity (ROE)	32.43%	16.22%	13.81%	14.90%	14.57%	14.60%	14.75%	15.63%	15.50%	11.83%	17.37%
Cash Return on Invested Capital (CROIC)	4.16%	1.67%	-1.79%	-2.10%	-3.05%	-0.94%	0.90%	0.68%	1.81%	0.84%	1.25%
Operating Return on Assets (OROA)	5.83%	6.35%	5.25%	5.22%	5.17%	3.79%	5.16%	6.32%	5.85%	3.97%	6.55%
Return on Assets (ROA)	1.37%	4.74%	3.88%	3.60%	3.96%	2.27%	3.64%	4.28%	4.07%	2.34%	4.34%
Return on Common Equity (ROCE)	32.43%	16.22%	13.81%	14.90%	14.57%	14.60%	14.75%	15.63%	15.50%	11.83%	17.37%
Return on Equity Simple (ROE_SIMPLE)	18.50%	0.00%	11.50%	10.43%	12.63%	0.00%	11.17%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,178	550	579	578	596	636	761	658	739	518	939
NOPAT Margin	47.98%	21.11%	20.99%	23.85%	22.57%	25.82%	23.61%	23.47%	22.90%	17.76%	24.41%
Net Nonoperating Expense Percent (NNEP)	5.40%	0.02%	0.24%	0.71%	0.37%	1.65%	0.80%	0.33%	0.53%	0.88%	0.87%
Return On Investment Capital (ROIC_SIMPLE)	-	1.53%	-	-	-	1.63%	1.91%	1.64%	1.82%	1.26%	2.25%
Cost of Revenue to Revenue	32.25%	33.44%	28.37%	34.01%	30.58%	38.17%	28.52%	30.45%	28.74%	36.78%	24.35%
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	45.32%	40.00%	46.81%	41.97%	45.16%	43.77%	46.74%	40.43%	44.76%	45.69%	47.71%
Earnings before Interest and Taxes (EBIT)	592	732	720	629	678	479	834	863	894	534	1,118
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	946	1,093	1,066	956	1,114	868	1,245	1,260	1,301	947	1,551
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.29	2.41	2.66	2.94	3.50	3.31	3.17	3.19	3.10	2.99	2.95
Price to Tangible Book Value (P/TBV)	2.29	2.41	2.66	2.94	3.50	3.31	3.17	3.19	3.10	2.99	2.95
Price to Revenue (P/Rev)	2.95	3.33	4.08	4.54	5.39	5.18	4.83	4.77	4.50	4.17	3.99
Price to Earnings (P/E)	12.39	14.58	23.11	28.15	27.69	30.07	28.39	26.85	25.32	24.03	22.58
Dividend Yield	4.09%	3.85%	3.49%	3.18%	2.66%	2.84%	2.95%	2.92%	2.98%	3.14%	3.16%
Earnings Yield	8.07%	6.86%	4.33%	3.55%	3.61%	3.33%	3.52%	3.72%	3.95%	4.16%	4.43%
Enterprise Value to Invested Capital (EV/IC)	1.58	1.61	1.71	1.82	2.06	1.98	1.93	1.93	1.90	1.83	1.83
Enterprise Value to Revenue (EV/Rev)	4.61	5.11	6.08	6.60	7.46	7.36	6.91	6.84	6.45	6.12	5.84
Enterprise Value to EBITDA (EV/EBITDA)	9.89	10.91	16.43	16.66	18.41	18.92	17.89	17.19	16.18	15.66	14.77
Enterprise Value to EBIT (EV/EBIT)	13.16	14.89	21.57	25.31	28.22	30.23	28.38	26.69	24.64	23.81	21.91
Enterprise Value to NOPAT (EV/NOPAT)	16.62	18.73	26.89	29.68	34.07	33.16	29.90	29.95	28.21	28.08	26.39
Enterprise Value to Operating Cash Flow (EV/OCF)	14.33	15.09	27.66	26.12	35.28	35.52	29.49	30.26	22.79	22.56	21.22
Enterprise Value to Free Cash Flow (EV/FCFF)	39.02	99.96	0.00	0.00	0.00	0.00	219.47	293.75	107.76	224.91	150.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.32	1.40	1.36	1.37	1.42	1.44	1.41	1.38	1.43	1.41
Long-Term Debt to Equity	1.13	1.16	1.20	1.17	1.19	1.19	1.26	1.31	1.28	1.28	1.32
Financial Leverage	1.35	1.36	1.30	1.31	1.31	1.34	1.34	1.36	1.34	1.39	1.36
Leverage Ratio	3.42	3.41	3.34	3.30	3.32	3.34	3.36	3.34	3.35	3.39	3.37
Compound Leverage Factor	0.38	3.20	2.92	2.29	2.73	1.39	2.49	2.81	2.70	1.97	2.56
Debt to Total Capital	56.76%	56.87%	58.28%	57.67%	57.82%	58.65%	58.99%	58.43%	58.02%	58.77%	58.51%
Short-Term Debt to Total Capital	7.68%	6.83%	8.03%	7.97%	7.72%	9.60%	7.52%	4.11%	4.21%	5.84%	3.81%
Long-Term Debt to Total Capital	49.07%	50.04%	50.25%	49.71%	50.10%	49.05%	51.48%	54.32%	53.81%	52.93%	54.70%
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	43.24%	43.13%	41.72%	42.33%	42.18%	41.35%	41.01%	41.57%	41.98%	41.23%	41.49%
Debt to EBITDA	3.62	3.88	5.79	5.31	5.22	5.71	5.67	5.29	5.03	5.09	4.82
Net Debt to EBITDA	3.56	3.81	5.41	5.22	5.11	5.61	5.39	5.19	4.91	4.99	4.67
Long-Term Debt to EBITDA	3.13	3.41	4.99	4.58	4.52	4.77	4.94	4.92	4.67	4.59	4.51
Debt to NOPAT	6.09	6.66	9.48	9.46	9.66	10.01	9.47	9.21	8.77	9.13	8.62
Net Debt to NOPAT	5.98	6.54	8.85	9.29	9.45	9.84	9.01	9.05	8.55	8.94	8.34
Long-Term Debt to NOPAT	5.27	5.86	8.17	8.15	8.37	8.37	8.26	8.56	8.13	8.23	8.06
Altman Z-Score	1.16	1.20	1.23	1.28	1.41	1.31	1.33	1.38	1.37	1.29	1.37
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	0.63	0.67	0.79	0.65	0.68	0.65	0.82	1.00	0.93	0.80	0.97
Quick Ratio	0.32	0.35	0.54	0.32	0.31	0.31	0.50	0.48	0.43	0.42	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-698	-1,941	-2,363	-2,450	-2,789	-1,996	-1,387	-1,626	-1,240	-1,801	-1,394
Operating Cash Flow to CapEx	62.99%	86.50%	82.94%	63.56%	25.26%	76.28%	167.04%	60.74%	144.23%	63.86%	183.41%
Free Cash Flow to Firm to Interest Expense	-3.77	-9.80	-11.53	-11.24	-12.29	-8.60	-5.76	-6.56	-4.90	-6.85	-5.12
Operating Cash Flow to Interest Expense	3.12	4.14	3.22	2.44	0.85	3.22	4.35	1.93	4.15	2.74	4.67
Operating Cash Flow Less CapEx to Interest Expense	-1.83	-0.65	-0.66	-1.40	-2.53	-1.00	1.75	-1.25	1.27	-1.55	2.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.23	0.20	0.20	0.20	0.20	0.20	0.21	0.21	0.22	0.23
Accounts Receivable Turnover	6.80	5.63	5.66	6.28	6.49	5.66	5.75	6.05	6.74	5.82	5.90
Inventory Turnover	5.28	4.85	4.50	4.35	4.13	4.07	4.05	4.03	4.07	4.27	4.26
Fixed Asset Turnover	0.32	0.30	0.27	0.27	0.27	0.26	0.27	0.28	0.29	0.30	0.31
Accounts Payable Turnover	2.72	2.54	3.29	3.11	2.93	2.86	3.37	3.16	3.00	2.87	3.30
Days Sales Outstanding (DSO)	53.66	64.83	64.52	58.11	56.27	64.49	63.46	60.32	54.14	62.68	61.88
Days Inventory Outstanding (DIO)	69.07	75.26	81.07	83.83	88.47	89.78	90.05	90.47	89.67	85.40	85.66
Days Payable Outstanding (DPO)	134.19	143.97	110.87	117.31	124.46	127.79	108.39	115.40	121.75	127.00	110.66
Cash Conversion Cycle (CCC)	-11.46	-3.88	34.72	24.63	20.28	26.48	45.12	35.40	22.06	21.07	36.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	34,385	35,704	36,411	37,205	37,770	38,336	38,559	39,489	39,749	40,655	40,892
Invested Capital Turnover	0.35	0.33	0.29	0.29	0.29	0.28	0.29	0.29	0.30	0.31	0.32
Increase / (Decrease) in Invested Capital	1,876	2,491	2,942	3,028	3,385	2,632	2,148	2,284	1,979	2,319	2,333
Enterprise Value (EV)	54,293	57,422	62,283	67,651	77,855	75,758	74,347	76,166	75,639	74,416	74,699
Market Capitalization	34,741	37,365	41,783	46,470	56,257	53,286	51,932	53,155	52,708	50,718	51,095
Book Value per Share	$24.01	$24.54	$31.50	$25.10	$25.52	$25.55	$25.94	$26.40	$26.93	$26.89	$27.41
Tangible Book Value per Share	$23.98	$24.54	$31.50	$25.10	$25.52	$25.55	$25.94	$26.40	$26.93	$26.89	$27.41
Total Capital	35,073	35,883	37,675	37,386	38,161	38,974	39,918	40,104	40,517	41,184	41,702
Total Debt	19,907	20,406	21,957	21,562	22,066	22,860	23,548	23,433	23,508	24,202	24,399
Total Long-Term Debt	17,212	17,957	18,932	18,583	19,119	19,117	20,548	21,783	21,804	21,798	22,809
Net Debt	19,552	20,057	20,500	21,181	21,598	22,472	22,415	23,011	22,931	23,698	23,604
Capital Expenditures (CapEx)	916	948	797	837	768	978	628	787	728	1,129	693
Debt-free, Cash-free Net Working Capital (DFCFNWC)	731	711	733	908	878	1,348	1,086	1,470	1,040	1,128	1,045
Debt-free Net Working Capital (DFNWC)	788	765	1,919	1,021	1,081	1,473	1,980	1,656	1,374	1,260	1,449
Net Working Capital (NWC)	-1,907	-1,684	-1,106	-1,958	-1,866	-2,270	-1,020	6.00	-330	-1,144	-141
Net Nonoperating Expense (NNE)	1,039	3.97	47	144	76	350	172	73	117	203	198
Net Nonoperating Obligations (NNO)	19,219	20,227	20,693	21,381	21,675	22,222	22,189	22,818	22,740	23,673	23,589
Total Depreciation and Amortization (D&A)	354	361	346	327	436	389	411	397	407	413	433
Debt-free, Cash-free Net Working Capital to Revenue	6.21%	6.33%	7.16%	8.86%	8.42%	13.10%	10.10%	13.20%	8.88%	9.27%	8.17%
Debt-free Net Working Capital to Revenue	6.69%	6.81%	18.74%	9.97%	10.36%	14.31%	18.42%	14.87%	11.73%	10.36%	11.33%
Net Working Capital to Revenue	-16.20%	-14.99%	-10.80%	-19.11%	-17.89%	-22.06%	-9.49%	0.05%	-2.82%	-9.40%	-1.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$1.09	$1.07	$0.87	$1.04	$0.58	$1.18	$1.17	$1.25	$0.63	$1.48
Adjusted Weighted Average Basic Shares Outstanding	498M	498M	499M	498M	498M	498M	498M	499M	499M	499M	499M
Adjusted Diluted Earnings per Share	$0.27	$1.10	$1.06	$0.87	$1.04	$0.57	$1.18	$1.17	$1.24	$0.63	$1.48
Adjusted Weighted Average Diluted Shares Outstanding	500M	500M	500M	500M	500M	500M	500M	500M	501M	501M	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	630.76M	631.04M	630.53M	630.61M	630.68M	631.01M	631.45M	631.53M	631.60M	631.19M	630.77M
Normalized Net Operating Profit after Tax (NOPAT)	386	550	579	578	596	312	761	658	739	358	939
Normalized NOPAT Margin	15.70%	21.11%	20.99%	23.85%	22.57%	12.64%	23.61%	23.47%	22.90%	12.27%	24.41%
Pre Tax Income Margin	2.65%	26.37%	22.79%	18.04%	21.16%	8.11%	19.15%	25.88%	22.32%	10.67%	22.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.20	3.70	3.51	2.89	2.99	2.06	3.46	3.48	3.53	2.03	4.11
NOPAT to Interest Expense	6.37	2.78	2.83	2.65	2.63	2.74	3.16	2.65	2.92	1.97	3.45
EBIT Less CapEx to Interest Expense	-1.75	-1.09	-0.38	-0.95	-0.40	-2.15	0.85	0.31	0.66	-2.26	1.56
NOPAT Less CapEx to Interest Expense	1.42	-2.01	-1.06	-1.19	-0.76	-1.47	0.55	-0.52	0.04	-2.32	0.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	40.00%	44.36%	0.00%	70.62%	58.12%	67.49%	66.21%	61.97%	59.65%	59.59%	56.47%
Augmented Payout Ratio	40.00%	44.36%	0.00%	70.62%	58.12%	67.49%	66.21%	61.97%	59.65%	59.59%	56.47%

Financials Breakdown Chart

Key Financial Trends

Public Service Enterprise Group (NYSE: PEG) has shown a mix of volatility and resilience across its quarterly statements over the last four years. Below is a concise, investor-focused snapshot of trends in cash flow, income, and balance sheet metrics from 2022 through 2025, highlighting notable year-over-year shifts in revenue, profitability, liquidity, and capital deployment.

Net income attributable to common shareholders in 2025 Q4 rose to 315,000,000, up from 286,000,000 in 2024 Q4, signaling improving profitability trajectory versus the prior year.
Operating cash flow from continuing operations remained robust in 2025, with net cash from continuing operating activities of 787,000,000 in Q4 and 984,000,000 in Q3, supporting ongoing capex and liquidity needs.
Operating revenue in 2025 Q4 reached 2,915,000,000, a rebound from 2024 and 2023 levels, suggesting a partial recovery in quarterly top-line performance.
Retained earnings increased to about 13,460,000,000 by 2025 Q3, continuing a multi-year accumulation of earnings within equity, consistent with a regulated utility profile.
The balance sheet shows a sizable asset base (Total assets around 56–57 billion) and solid equity (Total common equity about 17.0 billion) in mid-2025, indicating a durable capital structure to support regulated infrastructure investments.
Capital expenditures remain a meaningful cash outflow, with quarterly purchases of property, plant & equipment typically around 0.6–1.1 billion in 2025, consistent with ongoing infrastructure investment.
Financing activity has been volatile, with a mix of debt issuances and repayments across 2025 quarters, leading to a fluctuating net cash from financing activities.
Net cash from financing activities has often been an outflow, contributing to near-term liquidity considerations if operating cash flow slows or capex intensifies.
Earnings display cyclicality, with 2023 earnings notably weaker than 2022, reflecting regulatory and macro conditions that can compress near-term profitability.

05/11/26 01:43 PM ETAI Generated. May Contain Errors.

Public Service Enterprise Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Public Service Enterprise Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Public Service Enterprise Group's net income appears to be on an upward trend, with a most recent value of $2.11 billion in 2025, rising from $1.68 billion in 2015. The previous period was $1.77 billion in 2024. Check out Public Service Enterprise Group's forecast to explore projected trends and price targets.

Public Service Enterprise Group's total operating income in 2025 was $2.98 billion, based on the following breakdown:

Total Gross Profit: $8.40 billion
Total Operating Expenses: $5.42 billion

Over the last 10 years, Public Service Enterprise Group's total revenue changed from $10.42 billion in 2015 to $12.17 billion in 2025, a change of 16.8%.

Public Service Enterprise Group's total liabilities were at $40.88 billion at the end of 2025, a 4.8% increase from 2024, and a 5,947.9% increase since 2015.

In the past 10 years, Public Service Enterprise Group's cash and equivalents has ranged from $0.00 in 2015 to $818 million in 2021, and is currently $132 million as of their latest financial filing in 2025.

Over the last 10 years, Public Service Enterprise Group's book value per share changed from -1.05 in 2015 to 26.89 in 2025, a change of -2,658.2%.

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Financial statements for NYSE:PEG last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Public Service Enterprise Group (PEG) Financials

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Public Service Enterprise Group (PEG) Financials

Annual Income Statements for Public Service Enterprise Group

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Quarterly Cash Flow Statements for Public Service Enterprise Group

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Quarterly Balance Sheets for Public Service Enterprise Group

Annual Metrics And Ratios for Public Service Enterprise Group

Quarterly Metrics And Ratios for Public Service Enterprise Group

Financials Breakdown Chart

Key Financial Trends

Public Service Enterprise Group Financials - Frequently Asked Questions

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

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

What is Public Service Enterprise Group's operating income?

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

How much debt does Public Service Enterprise Group have?

How much cash does Public Service Enterprise Group have?

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

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