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We were incorporated under the laws of the State of New Jersey in 1985 and our principal executive offices are located at 80 Park Plaza, Newark, New Jersey 07102. We are a public utility holding company that, acting through our wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business.
24.49% operating margin is above average. ROIC at 6.77%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 18.3%, still solid.
Net debt of $24.10B represents 926.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$12.79B
▲ +18.3% YoY
Net Income (TTM)
$2.26B
▲ +19.1% YoY
Op. Margin
25.47%
▲ +1.6pp YoY
ROIC
7.13%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$183M
▲ +102.1% YoY
Op. Cash Flow (TTM)
$3.52B
▲ +54.6% YoY
Net Debt
$24.00B
Cash & Equiv.
$404M
5Y CAGR: +4.8%
5Y CAGR: -32.0%
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