Public Service Enterprise (PEG) financial statements
Public Service Enterprise reported revenue of $12.2B in fiscal 2025, up 3.5% a year over 9 years.
Net income was $2.1B and the operating margin 24.5%, against 17.8% in 2016.
Free cash flow was $26M, and the company returned $1.3B in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Public Service Enterprise's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0B | $9.1B | $9.7B | $10.1B | $9.6B | $9.7B | $9.8B | $11.2B | $10.3B | $12.2B |
| Cost of revenue | $2.9B | $2.8B | $3.2B | $3.4B | $3.1B | $3.5B | $4.0B | $3.3B | $3.4B | $4.2B |
| Gross profit | $6.1B | $6.3B | $6.5B | $6.7B | $6.5B | $6.2B | $5.8B | $8.0B | $6.9B | $8.0B |
| Operating income | $1.6B | $1.4B | $2.3B | $1.9B | $2.3B | -$856M | $1.4B | $3.7B | $2.4B | $3.0B |
| Interest expense | $385M | $391M | $476M | $569M | $600M | $571M | $628M | $748M | $882M | $1.0B |
| Pre-tax income | $1.3B | $1.3B | $1.9B | $1.9B | $2.3B | -$1.1B | $1.0B | $3.1B | $1.8B | $2.4B |
| Income tax | $411M | -$306M | $417M | $257M | $396M | -$441M | -$29M | $518M | $53M | $263M |
| Net income | $887M | $1.6B | $1.4B | $1.7B | $1.9B | -$648M | $1.0B | $2.6B | $1.8B | $2.1B |
| EPS (diluted) | $1.75 | $3.10 | $2.83 | $3.33 | $3.76 | -$1.29 | $2.06 | $5.13 | $3.54 | $4.22 |
| Diluted shares | 508M | 507M | 507M | 507M | 507M | 504M | 501M | 500M | 500M | 501M |
| Gross margin | 67.6% | 69.5% | 66.7% | 66.5% | 68.2% | 64.0% | 59.0% | 71.0% | 67.0% | 65.8% |
| Operating margin | 17.8% | 15.7% | 23.7% | 19.3% | 23.6% | -8.8% | 14.1% | 32.8% | 22.9% | 24.5% |
| Net margin | 9.9% | 17.3% | 14.8% | 16.8% | 19.8% | -6.7% | 10.5% | 22.8% | 17.2% | 17.3% |
Balance sheet
Fiscal years, from Public Service Enterprise's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $423M | $313M | $177M | $147M | $543M | $818M | $465M | $54M | $125M | $132M |
| Receivables | $1.2B | $1.3B | $1.4B | $1.3B | $1.4B | $1.9B | $1.9B | $1.5B | $1.6B | $1.9B |
| Total current assets | $3.3B | $3.3B | $3.5B | $3.2B | $3.6B | $6.2B | $4.3B | $3.4B | $4.2B | $4.6B |
| Goodwill | $16M | $16M | $16M | $0 | — | — | — | — | — | — |
| Total assets | $40.1B | $42.7B | $45.3B | $47.7B | $50.0B | $49.0B | $48.7B | $50.7B | $54.6B | $57.6B |
| Total current liabilities | $3.3B | $4.2B | $4.9B | $5.0B | $5.5B | $7.1B | $6.7B | $5.1B | $6.5B | $5.7B |
| Long-term debt | $10.9B | $12.1B | $13.2B | $13.7B | $14.5B | $15.2B | $16.5B | $17.8B | $19.0B | $21.7B |
| Total liabilities | $26.9B | $28.9B | $30.9B | $32.6B | $34.1B | $34.6B | $35.0B | $35.3B | $38.5B | $40.6B |
| Shareholders' equity | $13.1B | $13.8B | $14.4B | $15.1B | $16.0B | $14.4B | $13.7B | $15.5B | $16.1B | $17.0B |
| Net debt | $11.0B | $12.8B | $14.3B | $15.0B | $15.6B | $15.1B | $17.6B | $19.2B | $21.0B | $22.4B |
Cash flow
Fiscal years, from Public Service Enterprise's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.3B | $3.3B | $2.9B | $3.4B | $3.1B | $1.7B | $1.5B | $3.8B | $2.1B | $3.3B |
| Capital spending | $4.2B | $4.2B | $3.9B | $3.2B | $2.9B | $2.7B | $2.9B | $3.3B | $3.4B | $3.3B |
| Free cash flow | -$886M | -$930M | -$999M | $213M | $179M | -$983M | -$1.4B | $481M | -$1.2B | $26M |
| Stock-based compensation | $1M | $31M | $30M | $33M | $35M | $28M | $29M | $18M | $40M | $43M |
| Dividends paid | $830M | $870M | $910M | $950M | $991M | $1.0B | $1.1B | $1.1B | $1.2B | $1.3B |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$500M | $0 | $0 | — |
| Net borrowing | $24M | $154M | $474M | $99M | -$352M | $256M | -$1.5B | -$1.3B | -$756M | -$2.3B |
| Free cash flow margin | -9.9% | -10.2% | -10.3% | 2.1% | 1.9% | -10.1% | -14.1% | 4.3% | -12.1% | 0.2% |
| Dividends per share | $1.63 | $1.72 | $1.79 | $1.87 | $1.95 | $2.05 | $2.15 | $2.27 | $2.39 | $2.51 |
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Open PEG in InvestinglyQuestions
What was Public Service Enterprise's revenue in 2025?
$12.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Public Service Enterprise generate?
$26M in fiscal 2025 (operating cash flow minus capital spending).
From Public Service Enterprise's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.