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Exelon vs Public Service Enterprise: revenue, profit, margins and growth compared

Exelon brought in $24.3B of revenue in fiscal 2025, Public Service Enterprise $12.2B in fiscal 2025. Revenue changed by +5.3% at Exelon and +18.3% at Public Service Enterprise on the year before, so Public Service Enterprise grew faster. Exelon kept 11.4% of its revenue as net profit, Public Service Enterprise 17.3%. Free cash flow was -$2.3B at Exelon and $26M at Public Service Enterprise.

Side by side, latest fiscal year

EXCPEG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$24.3B$12.2B
Revenue growth+5.3%+18.3%
Net income$2.8B$2.1B
Net margin11.4%17.3%
Free cash flow-$2.3B$26M
Free cash flow margin-9.4%0.2%
Earnings per share (diluted)n/a$4.22
Cash$626M$132M
Debt$49.4B$22.5B
Price to earningsn/a15.9
Market value$41.6B$33.4B
Dividend yield3.97%3.76%
Rank by revenue in sector#10 of 109 · Utilities#27 of 109 · Utilities

Over the years

Revenue
EXC FY2018: $36BEXC FY2019: $34.4BEXC FY2020: $16.7BEXC FY2021: $17.9BEXC FY2022: $19.1BEXC FY2023: $21.7BEXC FY2024: $23BEXC FY2025: $24.3BPEG FY2018: $9.7BPEG FY2019: $10.1BPEG FY2020: $9.6BPEG FY2021: $10.3BPEG FY2022: $11.2BPEG FY2023: $11.2BPEG FY2024: $10.3BPEG FY2025: $12.2BFY18FY19FY20FY21FY22FY23FY24FY25
EXC $24.3BPEG $12.2B
Net income
EXC FY2018: $2BEXC FY2019: $2.9BEXC FY2020: $2BEXC FY2021: $1.7BEXC FY2022: $2.2BEXC FY2023: $2.3BEXC FY2024: $2.5BEXC FY2025: $2.8BPEG FY2018: $1.4BPEG FY2019: $1.7BPEG FY2020: $1.9BPEG FY2021: -$648MPEG FY2022: $1BPEG FY2023: $2.6BPEG FY2024: $1.8BPEG FY2025: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
EXC $2.8BPEG $2.1B
Net margin
EXC FY2018: 5.6%EXC FY2019: 8.5%EXC FY2020: 11.8%EXC FY2021: 9.5%EXC FY2022: 11.4%EXC FY2023: 10.7%EXC FY2024: 10.7%EXC FY2025: 11.4%PEG FY2018: 14.8%PEG FY2019: 16.8%PEG FY2020: 19.8%PEG FY2021: -6.3%PEG FY2022: 9.2%PEG FY2023: 22.8%PEG FY2024: 17.2%PEG FY2025: 17.3%FY18FY19FY20FY21FY22FY23FY24FY25
EXC 11.4%PEG 17.3%
Revenue growth
EXC FY2019: -4.3%EXC FY2020: -51.6%EXC FY2021: +7.7%EXC FY2022: +6.4%EXC FY2023: +13.9%EXC FY2024: +6.0%EXC FY2025: +5.3%PEG FY2019: +3.9%PEG FY2020: -4.7%PEG FY2021: +7.4%PEG FY2022: +8.9%PEG FY2023: +0.1%PEG FY2024: -8.4%PEG FY2025: +18.3%FY19FY20FY21FY22FY23FY24FY25
EXC +5.3%PEG +18.3%
Free cash flow
EXC FY2018: $1.1BEXC FY2019: -$589MEXC FY2020: -$3.8BEXC FY2021: -$5BEXC FY2022: -$2.3BEXC FY2023: -$2.7BEXC FY2024: -$1.5BEXC FY2025: -$2.3BPEG FY2018: -$999MPEG FY2019: $213MPEG FY2020: $179MPEG FY2021: -$983MPEG FY2022: -$1.4BPEG FY2023: $481MPEG FY2024: -$1.2BPEG FY2025: $26MFY18FY19FY20FY21FY22FY23FY24FY25
EXC -$2.3BPEG $26M

Fiscal years as each company reports them; the two may end in different months.

Questions about Exelon and Public Service Enterprise

Which is bigger by revenue, Exelon or Public Service Enterprise?

Exelon is bigger by revenue: $24.3B in fiscal 2025, against $12.2B for Public Service Enterprise in fiscal 2025.

Which keeps more of its revenue as profit, Exelon or Public Service Enterprise?

Exelon had a net margin of 11.4% in fiscal 2025; Public Service Enterprise had 17.3% in fiscal 2025.

Which grew revenue faster, Exelon or Public Service Enterprise?

In their latest fiscal years revenue changed by +5.3% at Exelon and +18.3% at Public Service Enterprise.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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