Quality
Highest profit margin Utilities stocks
Net income as a share of revenue, highest first. Companies worth over $1 billion.
Top of the list: Nextera Energy (NEE) 29.4%; Atmos Energy (ATO) 28.5%; Enlight Renewable Energy (ENLT) 27.0%.
The median net margin across these 50 companies is 14.4%.
| # | Company | Net margin | Operating margin | Gross margin | P/E | Market cap |
|---|---|---|---|---|---|---|
| 1 | Nextera Energy IncNEE | 29.4% | 29.5% | — | 18.6x | $153.2B |
| 2 | Atmos Energy CorporationATO | 28.5% | 37.0% | — | 19.5x | $26.5B |
| 3 | Enlight Renewable Energy Ltd. Ordinary SharesENLT | 27.0% | 68.0% | 72.5% | 67.4x | $8.7B |
| 4 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADRSBS | 26.5% | — | 54.1% | 13.0x | $22.9B |
| 5 | Essential Utilities IncWTRG | 21.6% | 35.1% | — | 19.5x | $10.8B |
| 6 | American Water WorksAWK | 21.4% | 36.9% | — | 22.3x | $24.6B |
| 7 | American States Water CompanyAWR | 20.5% | 31.9% | — | 23.4x | $3.1B |
| 8 | MGE Energy IncMGEE | 18.6% | 22.3% | — | 18.2x | $2.7B |
| 9 | Alliant Energy CorpLNT | 18.6% | 23.0% | 85.8% | 20.9x | $17.2B |
| 10 | Edison InternationalEIX | 18.1% | 30.8% | — | 5.93x | $21.2B |
| 11 | Companhia Energetica de Minas Gerais CEMIG Pref ADRCIG | 17.9% | — | 20.5% | 7.08x | $6.9B |
| 12 | Ameren CorpAEE | 17.9% | 24.9% | — | 17.9x | $27.6B |
| 13 | IDACORP IncIDA | 17.8% | 19.5% | — | 22.4x | $7.5B |
| 14 | Dominion Energy IncD | 16.9% | 26.3% | — | 18.2x | $53.4B |
| 15 | WEC Energy Group IncWEC | 16.7% | 22.8% | 65.7% | 20.8x | $33.9B |
| 16 | NewJersey Resources CorporationNJR | 16.4% | 24.8% | — | 15.2x | $5.2B |
| 17 | American Electric Power Co IncAEP | 16.3% | 24.1% | 67.5% | 17.8x | $65.4B |
| 18 | Public Service Enterprise Group IncPEG | 16.0% | 23.1% | 64.0% | 16.0x | $36.1B |
| 19 | National Grid PLC ADRNGG | 15.8% | 26.9% | — | 18.5x | $73.6B |
| 20 | Duke Energy CorporationDUK | 15.5% | 27.2% | — | 18.0x | $91.4B |
| 21 | Xcel Energy IncXEL | 15.3% | 19.1% | — | 21.2x | $46.0B |
| 22 | Chesapeake Utilities CorporationCPK | 15.1% | 27.3% | — | 20.2x | $3.0B |
| 23 | Evergy, Inc.EVRG | 14.6% | 25.9% | — | 21.7x | $18.8B |
| 24 | Southern CompanySO | 14.5% | 24.2% | — | 22.3x | $98.2B |
| 25 | Sempra EnergySRE | 14.4% | — | — | 27.2x | $52.3B |
| 26 | Fortis IncFTS | 14.4% | 29.3% | 71.7% | 21.5x | $27.0B |
| 27 | OGE Energy CorporationOGE | 14.4% | 24.4% | 60.1% | 21.0x | $9.7B |
| 28 | The AES CorporationAES | 14.3% | — | 20.3% | 7.80x | $10.7B |
| 29 | Spire IncSR | 14.1% | 21.5% | — | 16.1x | $4.7B |
| 30 | Entergy CorporationETR | 13.4% | 23.1% | — | 25.8x | $46.3B |
| 31 | California Water Service GroupCWT | 13.3% | 18.5% | — | 22.5x | $2.7B |
| 32 | PPL CorporationPPL | 13.1% | 23.6% | — | 20.7x | $25.4B |
| 33 | Black Hills CorporationBKH | 13.0% | 23.9% | — | 19.5x | $5.7B |
| 34 | H2O AmericaHTO | 12.9% | 21.9% | — | 20.2x | $2.5B |
| 35 | Consolidated Edison IncED | 12.5% | 17.4% | — | 18.2x | $39.8B |
| 36 | Companhia Paranaense de Energia - COPELELPC | 12.4% | -3.6% | 21.6% | 20.3x | $10.8B |
| 37 | PG&E CorpPCG | 11.8% | 20.0% | — | 10.1x | $28.6B |
| 38 | Avista CorporationAVA | 11.8% | 18.8% | — | 14.0x | $2.9B |
| 39 | CMS Energy CorporationCMS | 11.6% | 18.9% | — | 17.7x | $19.8B |
| 40 | Emera IncorporatedEMA | 11.6% | 22.5% | — | 19.2x | $13.9B |
| 41 | Vistra Corp.VST | 11.6% | 18.6% | — | 27.3x | $55.1B |
| 42 | Pinnacle West Capital CorpPNW | 11.5% | 20.5% | 62.7% | 18.6x | $12.1B |
| 43 | CenterPoint Energy IncCNP | 11.4% | 22.5% | 100.0% | 23.3x | $24.8B |
| 44 | Constellation Energy CorpCEG | 11.2% | 14.9% | — | 25.2x | $104.6B |
| 45 | Exelon CorporationEXC | 11.2% | 21.1% | — | 15.5x | $43.3B |
| 46 | Brookfield Infrastructure Partners LPBIP | 11.0% | 25.1% | 26.9% | 41.2x | $16.9B |
| 47 | MDU Resources Group IncMDU | 10.8% | 17.0% | — | 20.1x | $3.9B |
| 48 | Ormat Technologies IncORA | 10.7% | 16.6% | 27.9% | 42.1x | $5.4B |
| 49 | Eversource EnergyES | 10.3% | 21.6% | — | 14.2x | $24.9B |
| 50 | NorthWestern CorporationNWE | 10.1% | 18.8% | — | 26.8x | $4.6B |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the highest profit margin utilities stocks list?
Nextera Energy (NEE), with a net margin of 29.4%, as of October 12, 2026.
How is this list built?
Net income as a share of revenue, highest first. Companies worth over $1 billion. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.