Public Service Enterprise Group: revenue, profit and dividends

In fiscal 2025, Public Service Enterprise Group had revenue of $12.2B, up 1.6% a year on average since 2015, and net income of $2.11B (17.3% of revenue). Its dividend per share has gone up 14 years in a row, to $2.52.

Revenue, fiscal 2025

$12.2B+1.6% a year

average annual revenue growth since 2015 · +18.3% vs 2024

Net income, 2025

$2.11B

17.3% of revenue

Diluted EPS, 2025

$4.22

2.5% a year since 2015

Dividend per share, 2025

$2.52

raised 14 years in a row

Revenue growth, 5 years

4.8% a year

since 2020

Shares, 2025

501M

−1.4% since 2015

Free cash flow, 2025

$26M

$3.3B from operations − $3.27B capex

Ticker: PEG · NYSE
Sector: Utilities
Sub-industry: Electric Utilities
Headquarters: Newark, New Jersey
Founded: 1903
In the S&P 500 since: March 4, 1957, the index’s first day
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Public Service Enterprise Group Inc · CIK 0000788784

Revenue and net income

Revenue went from $12.7B in 2007 to $12.2B in 2025. Net loss in 2021.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.62 in 2007 to $4.22 in 2025. Ten-year growth: 2.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 14 years in a row, every year from 2012 to 2025. Ten-year growth: 4.9% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

1.4% fewer shares in 2025 than in 2015 (508M → 501M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $26M in 2025, 0.2% of revenue. Negative in 2016–2018, 2021–2022, 2024.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$12.2B	$2.11B	17.3%	$4.22	$2.52	501M	$3.3B	$3.27B	$26M
2024	$10.3B	$1.77B	17.2%	$3.54	$2.40	500M	$2.13B	$3.38B	−$1.25B
2023	$11.2B	$2.56B	22.8%	$5.13	$2.28	500M	$3.81B	$3.33B	$481M
2022	$9.8B	$1.03B	10.5%	$2.06	$2.16	501M	$1.5B	$2.89B	−$1.39B
2021	$9.72B	−$648M	−6.7%	−$1.29	$2.04	504M	$1.74B	$2.72B	−$983M
2020	$9.6B	$1.91B	19.8%	$3.76	$1.96	507M	$3.1B	$2.92B	$179M
2019	$10.1B	$1.69B	16.8%	$3.33	$1.88	507M	$3.38B	$3.17B	$213M
2018	$9.7B	$1.44B	14.8%	$2.83	$1.80	507M	$2.91B	$3.91B	−$999M
2017	$9.09B	$1.57B	17.3%	$3.10	$1.72	507M	$3.26B	$4.19B	−$930M
2016	$8.97B	$887M	9.9%	$1.75	$1.64	508M	$3.31B	$4.2B	−$886M
2015	$10.4B	$1.68B	16.1%	$3.30	$1.56	508M	$3.92B	$3.86B	$56M
2014	$10.9B	$1.52B	13.9%	$2.99	$1.48	508M	$3.16B	$2.82B	$340M
2013	$9.97B	$1.24B	12.5%	$2.45	$1.44	508M	$3.16B	$2.81B	$347M
2012	$9.78B	$1.27B	13.0%	$2.51	$1.42	507M	$2.79B	$2.57B	$213M
2011	$11.1B	$1.5B	13.6%	$2.96	$1.37	507M	$3.56B	$2.08B	$1.47B
2010	$11.8B	$1.56B	13.3%	$3.08	$1.37	507M	$2.16B	$2.16B	$4.0M
2009	$12B	$1.59B	13.2%	$3.14	$1.33	507M	$1.85B	$1.79B	$61M
2008	$12.6B	$1.19B	9.4%	$2.34	$1.29	508M	$2.35B	$1.77B	$574M
2007	$12.7B	$1.33B	10.5%	$2.62	$1.17	509M	$1.92B	$1.35B	$573M