Top Utilities Companies by Net Margin
Trailing-twelve-month net margin for the largest Utilities filers, ranked in USD. Switch axes via the column headers.
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of (reported ).
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Top utilities companies by net margin
Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | NextEra Energy (NEE) | Utilities | 67.3% | 29.2% | 61.1% | 29.0% | 8.4% |
| 2 | Atmos Energy (ATO) | Utilities | 52.3% | 33.2% | 49.9% | 25.7% | -33.4% |
| 3 | Essential Utilities (WTRG) | Utilities | 53.5% | 37.2% | 55.2% | 24.9% | -18.4% |
| 4 | GE Vernova (GEV) | Utilities | 19.9% | 3.9% | 8.4% | 23.8% | 19.1% |
| 5 | American Water Works Company (AWK) | Utilities | 43.3% | 36.6% | 53.9% | 21.6% | -20.8% |
| 6 | Edison International (EIX) | Utilities | 21.8% | 21.3% | 33.0% | 18.9% | -3.3% |
| 7 | Alliant Energy (LNT) | Utilities | 40.1% | 23.5% | 46.3% | 18.6% | -30.1% |
| 8 | Dominion Energy (D) | Utilities | 49.0% | 26.7% | 47.1% | 18.2% | -44.1% |
| 9 | Public Service Enterprise Group (PEG) | Utilities | 69.0% | 24.5% | 38.9% | 17.3% | 2.3% |
| 10 | Ameren (AEE) | Utilities | 38.1% | 23.0% | 44.4% | 16.5% | -9.1% |
| 11 | American Electric Power Company (AEP) | Utilities | 31.8% | 24.3% | 40.3% | 16.4% | 31.3% |
| 12 | WEC Energy Group (WEC) | Utilities | 50.5% | 24.2% | 41.3% | 15.9% | -10.7% |
| 13 | Duke Energy (DUK) | Utilities | 54.0% | 26.6% | 48.4% | 15.3% | 25.4% |
| 14 | New Jersey Resources (NJR) | Utilities | 26.1% | 22.3% | 34.3% | 15.2% | -10.2% |
| 15 | Southern Company (SO) | Utilities | 43.5% | 24.6% | 48.0% | 14.7% | -11.1% |
| 16 | Evergy (EVRG) | Utilities | 32.3% | 25.2% | 45.9% | 14.5% | -12.7% |
| 17 | NiSource (NI) | Utilities | 53.0% | 27.6% | 45.4% | 14.0% | -6.3% |
| 18 | Xcel Energy (XEL) | Utilities | 24.3% | 19.6% | 41.3% | 13.8% | 0.0% |
| 19 | Entergy (ETR) | Utilities | 38.8% | 24.1% | 47.5% | 13.7% | -21.2% |
| 20 | Sempra (SRE) | Utilities | 29.3% | 23.9% | 44.3% | 13.4% | -44.0% |
| 21 | PPL (PPL) | Utilities | 39.1% | 23.6% | 40.7% | 13.1% | -15.5% |
| 22 | California Water Service Group (CWT) | Utilities | 50.3% | 16.3% | 33.1% | 12.8% | -21.4% |
| 23 | Black Hills (BKH) | Utilities | 38.5% | 23.3% | 35.8% | 12.6% | -6.3% |
| 24 | CMS Energy (CMS) | Utilities | 47.1% | 19.5% | 35.1% | 12.5% | -11.3% |
| 25 | Eversource Energy (ES) | Utilities | 47.8% | 22.1% | 39.7% | 12.5% | -0.3% |
| 26 | Consolidated Edison (ED) | Utilities | 62.0% | 17.3% | 41.6% | 12.0% | 20.7% |
| 27 | Pinnacle West Capital (PNW) | Utilities | 34.9% | 21.7% | 39.9% | 11.5% | -15.3% |
| 28 | PG&E (PCG) | Utilities | 45.9% | 19.4% | 40.8% | 11.4% | -16.3% |
| 29 | Exelon (EXC) | Utilities | 27.9% | 21.2% | 36.2% | 11.4% | -9.4% |
| 30 | CenterPoint Energy (CNP) | Utilities | 41.3% | 22.5% | 40.4% | 11.4% | -28.4% |
| 31 | Avista (AVA) | Utilities | 54.6% | 18.0% | 33.3% | 9.8% | 23.9% |
| 32 | DTE Energy (DTE) | Utilities | 37.6% | 14.4% | 27.6% | 9.4% | -6.4% |
| 33 | Constellation Energy (CEG) | Utilities | 75.8% | 12.1% | 22.7% | 9.1% | 5.0% |
| 34 | Northwest Natural Holding (NWN) | Utilities | 39.3% | 26.2% | 35.8% | 8.8% | -15.3% |
| 35 | UGI (UGI) | Utilities | 49.0% | 14.6% | 22.0% | 8.2% | 3.8% |
| 36 | Algonquin Power & Utilities (AQN) | Utilities | 59.8% | 20.7% | 38.5% | 7.6% | -7.1% |
| 37 | AES (AES) | Utilities | 18.1% | 15.0% | 27.5% | 7.3% | -13.3% |
| 38 | FirstEnergy (FE) | Utilities | 53.8% | 18.7% | 25.9% | 7.3% | 19.6% |
| 39 | Vistra (VST) | Utilities | 15.9% | 5.8% | 29.2% | 5.6% | 3.8% |
| 40 | NRG Energy (NRG) | Utilities | 21.8% | 6.0% | 12.4% | 2.8% | 2.5% |
Sorted by Net Margin · Ranks (#) are among the loaded leaderboard rows, not worldwide.