11 industries 127 companies value 1.8 tn revenue 751 bn
| Industry | n | Value | Revenue | Margin | Cash | Group leader | Concentration |
|---|---|---|---|---|---|---|---|
| Regulated electric utilities | 27 | 935 bn | 424 bn | 13.1% | -7.2 bn | NEE 17.4% | Evenly matched |
| Multi-utilities | 13 | 299 bn | 92 bn | 16.1% | 1.1 bn | NGG 27.5% | Evenly matched |
| Nuclear and data-center power | 7 | 185 bn | 88 bn | 7.4% | 3.4 bn | CEG 50.3% | Comfortable leader |
| Gas and multi-utilities | 11 | 90 bn | 37 bn | 15.5% | -3.4 bn | ATO 31.0% | Open contest |
| Water utilities | 14 | 72 bn | 19 bn | 23.3% | 0.2 bn | AWK 37.1% | Open contest |
| Hydrogen and fuel cells | 4 | 70 bn | 4.1 bn | -40.3% | -0.1 bn | BE 95.0% | Clear leader |
| Canadian utilities | 4 | 50 bn | 19 bn | 11.5% | -2.3 bn | FTS 56.0% | Comfortable leader |
| Solar manufacturing | 16 | 43 bn | 34 bn | 4.9% | 0.4 bn | FSLR 43.4% | Comfortable leader |
| Latin American electric utilities | 6 | 29 bn | 23 bn | 12.5% | 1.9 bn | ELPC 35.5% | Open contest |
| Renewables (contracted generation) | 16 | 26 bn | 11 bn | -34.2% | -2.8 bn | ENLT 34.8% | Open contest |
| Small modular reactors (SMR) | 9 | 14 bn | 0.2 bn | -575.7% | -1.6 bn | OKLO 36.9% | Open contest |
The 20 largest companies in the sector
| Rank | Ticker | Company | Industry | Value | Revenue | Margin | FCF |
|---|---|---|---|---|---|---|---|
| 1 | NEE | NextEra Energy United States · score 6.1 | Regulated electric utilities | 163 bn | 26 bn | 35.4% | 14 bn |
| 2 | SO | Southern Company United States · score 1.7 | Regulated electric utilities | 103 bn | 30 bn | 15.4% | -3.3 bn |
| 3 | CEG | Constellation Energy United States · score 3.8 | Nuclear and data-center power | 93 bn | 31 bn | 11.1% | 0.3 bn |
| 4 | DUK | Duke Energy United States · score 1.0 | Regulated electric utilities | 93 bn | 33 bn | 16.1% | -4.3 bn |
| 5 | NGG | National Grid United Kingdom · score 1.1 | Multi-utilities | 82 bn | 24 bn | 18.3% | -2.9 bn |
| 6 | AEP | American Electric Power United States · score 5.8 | Regulated electric utilities | 68 bn | 23 bn | 14.3% | 4.3 bn |
| 7 | BE | Bloom Energy United States · score 3.7 | Hydrogen and fuel cells | 67 bn | 3.1 bn | 8.1% | 0.6 bn |
| 8 | D | Dominion Energy United States · score 6.1 | Multi-utilities | 55 bn | 18 bn | 14.0% | 5.4 bn |
| 9 | SRE | Sempra United States · score 2.1 | Multi-utilities | 53 bn | 14 bn | 16.6% | -5.2 bn |
| 10 | VST | Vistra Corp. United States · score 5.4 | Nuclear and data-center power | 50 bn | 19 bn | 11.6% | 2.3 bn |
| 11 | ETR | Entergy United States · score 0.7 | Regulated electric utilities | 48 bn | 13 bn | 13.5% | -3.0 bn |
| 12 | XEL | Xcel Energy United States · score 1.1 | Regulated electric utilities | 47 bn | 15 bn | 15.3% | -7.7 bn |
| 13 | EXC | Exelon United States · score 1.7 | Regulated electric utilities | 44 bn | 25 bn | 11.0% | -1.9 bn |
| 14 | ED | Consolidated Edison United States · score 6.3 | Regulated electric utilities | 41 bn | 18 bn | 12.5% | 4.0 bn |
| 15 | PCG | PG&E United States · score 1.1 | Regulated electric utilities | 39 bn | 26 bn | 0.0% | -4.3 bn |
| 16 | PEG | Public Service Enterprise Group United States · score 4.8 | Multi-utilities | 35 bn | 13 bn | 16.0% | 0.3 bn |
| 17 | WEC | WEC Energy Group United States · score 6.6 | Multi-utilities | 35 bn | 10 bn | 16.7% | 3.6 bn |
| 18 | AEE | Ameren United States · score 1.5 | Regulated electric utilities | 29 bn | 8.8 bn | 17.9% | -1.4 bn |
| 19 | FTS | Fortis Inc. Canada · score 0.6 | Canadian utilities | 28 bn | 8.8 bn | 16.0% | -1.3 bn |
| 20 | ATO | Atmos Energy United States · score 1.9 | Gas and multi-utilities | 28 bn | 4.9 bn | 28.5% | -2.0 bn |
Other sectors
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.