Electric Utilities Industry Report
Market Cap: $2.9T
Stocks: 120
Median P/E: 12.5x
Median ROIC: 5.8%
Data sourced from SEC EDGAR filings. Report refreshed weekly.
Part of the Utilities sector.
Performance Dashboard
| Period | Sector (MCW) | Sector (Median) |
|---|---|---|
| 1 Day | -0.7% | 0.0% |
| 1 Week | +0.1% | 0.0% |
| 1 Month | — | — |
| 3 Months | — | — |
| 6 Months | — | — |
| YTD | +0.4% | 0.0% |
| 1 Year | +20.8% | +9.1% |
| 3 Years | +75.4% | +14.2% |
| 5 Years | +86.0% | +9.3% |
Today's Breadth: 30 advancing · 52 declining · 36 flat
Valuation Summary
| Metric | Median | P25 | P75 | vs 5Y Avg |
|---|---|---|---|---|
| P/E | 12.5x | 5.5x | 17.9x | -15% |
| P/B | 1.3x | 0.6x | 1.8x | -3% |
| P/S | 1.6x | 0.8x | 2.3x | — |
| P/FCF | 9.7x | 1.2x | 30.6x | — |
| EV/EBITDA | 10.4x | 8.7x | 12.3x | — |
| EV/EBIT | 18.5x | 13.8x | 21.5x | — |
Earnings Yield
7.3%
FCF Yield
-3.3%
Below Fair Value
35% of stocks
Profitability Profile
Margins
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| Gross Margin | 62.2% | 61.2% | 33.3% | 77.6% |
| Operating Margin | 22.1% | — | 18.9% | 24.5% |
| Net Margin | 12.5% | 11.9% | 11.1% | 16.4% |
| FCF Margin | -8.8% | — | -11.9% | 0.2% |
Returns on Capital
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| ROE | 10.9% | — | 8.9% | 12.1% |
| ROA | 2.8% | — | 2.5% | 3.1% |
| ROIC | 5.8% | 5.1% | 5.6% | 6.3% |
Growth Metrics
| Metric | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| Revenue | +10.6% | +3.3% | +7.7% |
| EPS | +21.0% | +6.3% | +6.0% |
| Free Cash Flow | +50.2% | +16.3% | -3.2% |
All values represent sector median growth rates.
Balance Sheet Health
Debt / Equity
1.6x
Net Debt / EBITDA
5.4x
Interest Coverage
2.4x
Current Ratio
0.7x
Altman Z-Score
Safe (>3): 5 (4%)
Gray (1.8–3): 4 (3%)
Distress (<1.8): 109 (92%)
Piotroski F-Score
Strong (7–9): 36 (30%)
Moderate (4–6): 74 (62%)
Weak (0–3): 10 (8%)
Top Companies
| Symbol | #▲ | Mkt Cap | P/E | EV/EBITDA | ROIC | Net Mgn | Rev Gr. | Div Yld | YTD | Qual. |
|---|---|---|---|---|---|---|---|---|---|---|
| ENIC | 1 | $404.8B | 1.3x | — | 73.8% | 4.9% | -8.4% | 137.2% | 0.0% | 4/9 |
| NEE | 2 | $191.2B | 24.2x | 17.1x | 6.1% | 24.9% | +10.7% | 2.8% | +1.5% | 3/9 |
| SO | 3 | $106.2B | 22.1x | 12.4x | 6.0% | 14.7% | +10.6% | 3.4% | +0.4% | 3/9 |
| ENEL-MI | 4 | $103.3B | 9.8x | 5.5x | 13.0% | 9.5% | -20.8% | 6.5% | — | 4/9 |
| DUK | 5 | $101.5B | 18.4x | 10.8x | 5.7% | 15.2% | +6.2% | 3.6% | -4.1% | 3/9 |
| CEG | 6 | $91.4B | 48.6x | 20.1x | 29.1% | 9.1% | +8.3% | 0.4% | -2.1% | 4/9 |
| AEP | 7 | $72.3B | 17.2x | 12.7x | 6.8% | 16.4% | +10.9% | 3.3% | +1.1% | 4/9 |
| SOMN | 8 | $57.1B | 12.7x | 9.3x | 6.0% | 14.7% | +10.6% | 5.5% | +1.2% | 5/9 |
| D | 9 | $54.7B | 17.0x | 14.3x | 6.8% | 18.2% | +14.2% | 4.6% | +3.2% | 2/9 |
| VST | 10 | $54.6B | 74.2x | 15.0x | 7.7% | 4.2% | +3.0% | 0.6% | +3.0% | 4/9 |
| ETR | 11 | $51.9B | 23.6x | 12.3x | 5.8% | 13.6% | +9.0% | 2.6% | +1.5% | 3/9 |
| EXC | 12 | $48.8B | 16.0x | 5.3x | 7.9% | 11.4% | +5.3% | 3.7% | +1.1% | 2/9 |
| XEL | 13 | $47.5B | 21.6x | 11.6x | 6.3% | 13.8% | +9.1% | 3.1% | +0.7% | 1/9 |
| PEG | 14 | $40.6B | 19.1x | 15.1x | 6.7% | 17.4% | +18.3% | 3.1% | +2.8% | 1/9 |
| ED | 15 | $40.1B | 17.5x | 9.7x | 6.0% | 12.0% | +10.9% | 3.3% | +1.6% | 4/9 |
| PCG | 16 | $39.0B | 13.3x | 10.0x | 5.3% | 10.4% | +2.1% | 0.3% | +1.6% | 1/9 |
| WEC | 17 | $37.7B | 21.8x | 15.0x | 6.2% | 15.9% | +14.0% | 3.4% | +1.9% | 3/9 |
| NRG | 18 | $33.8B | 40.0x | 14.2x | 13.2% | 2.6% | +9.2% | 1.1% | +1.7% | 4/9 |
| DTE | 19 | $30.7B | 18.4x | 12.0x | 6.5% | 9.2% | +26.9% | 3.4% | +1.1% | 2/9 |
| AEE | 20 | $30.4B | 18.7x | 12.9x | 5.8% | 16.6% | +15.4% | 2.9% | +1.9% | 4/9 |
Industry Composition
| Industry | Stocks | Market Cap | % | |
|---|---|---|---|---|
| Electric Services | 82 | $2.0T | 69.9% | |
| Electric & Other Services Combined | 34 | $760.0B | 26.2% | |
| Diversified Utilities | 2 | $104.4B | 3.6% | |
| Cogeneration Services & Small Power Producers | 2 | $10.3B | 0.4% |
Quality Distribution
0
1
2
3
4
5
6
7
8
9
Quality Score (0-9)
High Quality (7+)
0%
Median Piotroski F
6/9
Profitable Years
10 of 10
Dividends & Shareholder Returns
Paying Dividends
80%
Median Div Yield
4.2%
Median Buyback Yield
0.0%
Shareholder Yield
4.0%
Payout Ratio
63.2%
Div Growth (3Y)
5.9%
Div Growth (5Y)
5.9%
Strengths & Weaknesses
Strengths
- +[Growth]Revenue growth is accelerating: median 1-year growth of 10.6% exceeds the 3-year CAGR of 3.3%, signaling improving demand conditions.
- +[Profitability]High pricing power with a median gross margin of 62.2%, reflecting differentiated products or strong brand moats.
- +[Valuation]Attractive valuations: current median P/E of 12.5x is 15.4% below the 5-year average, presenting potential value opportunity.
Weaknesses
- −[Breadth]Narrow weakness: only 25.4% of stocks advanced today, suggesting widespread selling pressure.
- −[Cash Flow]Deteriorating cash flow with a median 5-year FCF CAGR of -3.2%, raising sustainability concerns for capital allocation.
- −[Financial Health]92.4% of companies fall in the Altman Z-Score distress zone (<1.8), indicating elevated bankruptcy risk within the sector.
- −[Leverage]Elevated leverage with a median Debt/Equity of 1.6x, increasing sensitivity to interest rate changes and economic downturns.