PEG vs WEC: Public Service Enterprise and WEC Energy compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Public Service Enterprise is the larger company, worth $36.1B, close to WEC Energy's $33.9B.
- WEC Energy grew revenue faster over the last year (+2.6% vs -8.9%).
- Public Service Enterprise keeps more of each dollar of revenue as operating profit (23.1% vs 22.8%).
- On earnings, Public Service Enterprise is the cheaper stock (16.0x vs 20.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | PEG | WEC |
|---|---|---|
| Market cap | $36.1B | $33.9B |
| Share price | $72.28 | $103.74 |
| Revenue (last fiscal year) | $12.2B | $9.8B |
| Free cash flow (last fiscal year) | $26M | — |
| Revenue growth, last year | -8.9% | +2.6% |
| Revenue growth per year, last 5 fiscal years | +5.8% | +4.2% |
| Operating margin | 23.1% | 22.8% |
| Net margin | 16.0% | 16.7% |
| Return on equity | 11.6% | 11.6% |
| P/E (trailing) | 16.0x | 20.8x |
| Price / free cash flow | 111.0x | — |
| EV / EBITDA | 12.3x | 13.8x |
| FCF growth the price implies | 66.5% | — |
| Dividend yield | 3.6% | 3.5% |
| Debt / equity | 2.39x | 2.62x |
| Fundamental grade | D | C |
| Superinvestors holding it | 0 | 4 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Public Service Enterprise
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.7B | -$983M | -8.8% |
| 2022 | $9.8B | -$1.4B | 14.1% |
| 2023 | $11.2B | $481M | 32.8% |
| 2024 | $10.3B | -$1.2B | 22.9% |
| 2025 | $12.2B | $26M | 24.5% |
WEC Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $8.3B | -$340M | 20.6% |
| 2022 | $9.6B | -$636M | 20.0% |
| 2023 | $8.9B | — | 21.5% |
| 2024 | $8.6B | — | 25.0% |
| 2025 | $9.8B | — | 22.9% |
Where the revenue comes from
Public Service Enterprise · by segments, 2025
Public Service Electric and Gas Company$9.5B72%
PSEG Power & Other$3.8B28%
WEC Energy · by segments, 2025
Wisconsin$7.3B71%
Illinois$1.7B16%
Non-Utility Energy Infrastructure$770M7%
Other States$528M5%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open PEG in InvestinglyQuestions
Which is bigger, Public Service Enterprise or WEC Energy?
Public Service Enterprise (PEG), at $36.1B against $33.9B.
Is PEG or WEC cheaper?
By trailing P/E, Public Service Enterprise (16.0x) is cheaper than WEC Energy (20.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, PEG or WEC?
WEC Energy: revenue grew +2.6% over the last year, against -8.9%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.