{ "ok": true, "cik": "788784", "ticker": "PEG", "name": "Public Service Enterprise Group Incorporated", "filings": [ { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526332943/0001193125-26-332943-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526331660/0001193125-26-331660-index.htm" }, { "form": "8-K", "filed": "2026-07-01", "items": [ "7.01 Regulation FD Disclosure" ], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526292587/0001193125-26-292587-index.htm" }, { "form": "8-K", "filed": "2026-06-03", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526255562/0001193125-26-255562-index.htm" }, { "form": "10-Q", "filed": "2026-05-05", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526206545/0001193125-26-206545-index.htm" }, { "form": "8-K", "filed": "2026-05-05", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526205254/0001193125-26-205254-index.htm" } ], "events12m": 8, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-01-21", "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526018045/0001193125-26-018045-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000788784.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=788784" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Public Service Enterprise Group Incorporated ($PEG). Last filing: 10-Q, 2026-08-04. 8 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 12168000000, "revenueGrowth1y": 0.18250728862973764, "revenueGrowthPerYear": 0.04216741989429185, "yearsOfData": 5, "operatingMargin": 0.24490466798159105, "operatingMarginPrior": 0.22866861030126337, "netMargin": 0.17348783694937542, "operatingCashFlow": 3298000000, "capitalSpending": 3272000000, "freeCashFlow": 26000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 132000000, "longTermDebt": 22545000000, "longTermDebtChange": 0.06777493606138107, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 10315000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 11231000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 11237000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 10290000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 12168000000 } ], "totalEquity": 16982000000, "totalAssets": 57576000000, "equityRatio": 0.2949492844240656, "returnOnEquity": 0.12430809091979743, "dividendsPaid": 1258000000, "payoutRatio": 0.5959261013737566, "dividendPerShare": 2.52, "dividendYearsRising": 14, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 4.23, "sharesOutstanding": 501000000, "bookValuePerShare": 33.89620758483034, "revenuePerShare": 24.2874251497006, "range80": { "low": 11466568398.707558, "high": 14683106334.45299, "baseline": 13443071302.63035, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.1099517141492656, "classVolatility": 0.06659579566308972, "volatility": 0.09089658806677459 }, "ifPaceHeld": { "low": 11466568398.707558, "high": 14683106334.45299 } }, "edgarette": "🔖 Exposure: revenue $12.2B (FY2025), total debt $22.5B. Experience: revenue up 18.3% on the year, up 4.2% a year over 4 years; operating margin 24.5%, up from 22.9%. Soundness: equity 29.5% of assets, return on equity 12.4%, payout 59.6% of profit, dividend per share up 14 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $11.5B and $14.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $10.3B to $16.2B. A statistical range, not company guidance. Against peers (18 filers, $50M+ revenue, electric & other services combined): operating margin 24.5% against a 20.2% median; growth 18.3% against 13.8%.", "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "summary": "Public Service Enterprise Group Incorporated (PEG) grew revenue 18.3% in FY2025 to $12.2 billion, operating margin 24.5% against a 20.2% median for electric & other services combined, equity 29.5% of assets, and dividend per share up 14 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Public Service Enterprise Group Incorporated against its own record and its peers
Operating marginPeer median 20.2%24.5%Revenue, on the yearPeer median 13.8%18.3%Equity of assetsPeer median 28.6%29.5%Return on equityPeer median 8.2%12.4%Payout of profitPeer median 60.0%59.6%Gold tick: the median of 11–15 peers with $50M+ revenue in electric & other services combined
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit59.6% paid out40.4% keptHanded back per share$2.52up 14 years runningGrowth its own profit can fund5.0%retained x return on equityRevenue growth it managed18.3%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 10, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:57.104Z", "hash": "794811d6360316a8", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Public Service Enterprise Group Incorporated (PEG) grew revenue 18.3% in FY2025 to $12.2 billion, operating margin 24.5% against a 20.2% median for electric & other services combined, equity 29.5% of assets, and dividend per share up 14 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 12168000000, "totalDebt": 22545000000, "cash": 132000000 }, "experience": { "revenueGrowth1y": 0.18250728862973764, "revenueGrowthPerYear": 0.04216741989429185, "operatingMargin": 0.24490466798159105, "operatingMarginPrior": 0.22866861030126337, "netMargin": 0.17348783694937542, "freeCashFlow": 26000000 }, "soundness": { "equityRatio": 0.2949492844240656, "returnOnEquity": 0.12430809091979743, "payoutRatio": 0.5959261013737566, "dividendPerShare": 2.52, "dividendYearsRising": 14, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-01-21", "url": "https://www.sec.gov/Archives/edgar/data/788784/000119312526018045/0001193125-26-018045-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 11466568398.707558, "high": 14683106334.45299, "baseline": 13443071302.63035, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.1099517141492656, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.09089658806677459, "k": 3 }, "stress": { "low": 10286340835.797935, "high": 16212438809.1169, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 10, "rate": 0.6666666666666666, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 0, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:57.104Z", "hash": "794811d6360316a8", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000788784.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=788784" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.271, "growth3y": 0.0271, "volatility": 0.11, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2949, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 27.1% of revenue into operating cash; revenue growing 2.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 79th percentile for cash, 39th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 79, "growthPctInClass": 39, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3298000000, "investing": -3308000000, "financing": 12000000, "capitalSpending": 3272000000, "free": 26000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1736000000, "free": -983000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1503000000, "free": -1385000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 3806000000, "free": 481000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2133000000, "free": -1247000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3298000000, "free": 26000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 132000000, "shortTerm": null, "longTerm": 372000000, "equityHoldings": null, "totalAssets": 57576000000, "ladder": null, "currentRatio": 0.8, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.271, "growth3y": 0.0271, "volatility": 0.11, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2949, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 27.1% of revenue into operating cash; revenue growing 2.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 79th percentile for cash, 39th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 79, "growthPctInClass": 39, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3298000000, "investing": -3308000000, "financing": 12000000, "capitalSpending": 3272000000, "free": 26000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 1736000000, "free": -983000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 1503000000, "free": -1385000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 3806000000, "free": 481000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2133000000, "free": -1247000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3298000000, "free": 26000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 132000000, "shortTerm": null, "longTerm": 372000000, "equityHoldings": null, "totalAssets": 57576000000, "ladder": null, "currentRatio": 0.8, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }