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RANKINGS

Highest Gross Margin — Utilities

Gross margin measures the percentage of revenue retained after cost of goods sold.

68 companies with Gross Margin data.

Ranked by Gross Margin(68)
#TickerNameMarket CapGross Margin
1CNP
CENTERPOINT ENERGY INC
TTM · 2026-03-31
$25.9B100.0%
2TRP
TC ENERGY CORPORATION
FY · 2025-12-31
$64.1B98.6%
3WES
Western Midstream Partners, LP
TTM · 2026-03-31
$18.7B93.4%
4AWR
AMERICAN STATES WATER CO
TTM · 2026-06-30
$3.3B90.1%
5NFG
NATIONAL FUEL GAS COMPANY
TTM · 2026-06-30
$7.7B87.7%
6ENLT
Enlight Renewable Energy Ltd.
FY · 2025-12-31
$9.9B72.5%
7FTS
FORTIS INC.
FY · 2025-12-31
$27.6B72.3%
8SMC
Summit Midstream Corporation
TTM · 2026-06-30
$445M71.5%
9OTTR
OTTER TAIL CORPORATION
TTM · 2026-06-30
$3.7B68.0%
10AEP
American Electric Power Company, Inc.
FY · 2025-12-31
$68.4B67.9%
11KMI
KINDER MORGAN, INC.
TTM · 2026-06-30
$74.4B66.6%
12WEC
WEC ENERGY GROUP, INC.
TTM · 2026-06-30
$34.5B65.7%
13CWEN
Clearway Energy, Inc.
TTM · 2026-06-30
$3.7B64.4%
14PEG
Public Service Enterprise Group Incorporated
TTM · 2026-06-30
$35.1B64.0%
15KGS
Kodiak Gas Services, Inc.
TTM · 2026-06-30
$5.3B63.8%
16BIPC
BROOKFIELD INFRASTRUCTURE CORPORATION
FY · 2025-12-31
$4.5B63.6%
17PNW
PINNACLE WEST CAPITAL CORPORATION
TTM · 2026-06-30
$12.3B62.7%
18PCYO
PURE CYCLE CORPORATION
TTM · 2026-05-31
$271M62.0%
19OGE
OGE ENERGY CORP.
TTM · 2026-03-31
$9.8B61.0%
20TAC
TRANSALTA CORPORATION
FY · 2025-12-31
$4.2B59.0%
21SR
Spire Inc.
FY · 2025-09-30
$4.7B58.8%
22WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
FY · 2025-12-31
$34M57.9%
23KNTK
KINETIK HOLDINGS INC.
TTM · 2026-06-30
$4.5B55.9%
24SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
FY · 2024-12-31
$22.7B54.1%
25VG
VENTURE GLOBAL, INC.
TTM · 2026-06-30
$34.6B53.5%
26TGS
GAS TRANSPORTER OF THE SOUTH INC.
FY · 2024-12-31
$3.9B52.8%
27CQP
Cheniere Energy Partners, L.P.
FY · 2025-12-31
$31.3B52.2%
28UGI
UGI CORPORATION
TTM · 2026-06-30
$8.1B51.3%
29AROC
Archrock, Inc.
TTM · 2026-06-30
$5.4B48.9%
30LNG
CHENIERE ENERGY, INC.
TTM · 2026-06-30
$59.3B48.8%
31VIVK
VIVAKOR, INC.
TTM · 2026-06-30
$1M45.5%
32TRGP
TARGA RESOURCES CORP.
TTM · 2026-06-30
$62.8B43.2%
33WCN
WASTE CONNECTIONS, INC.
TTM · 2026-06-30
$38.7B42.5%
34RSG
REPUBLIC SERVICES, INC.
TTM · 2026-06-30
$67.3B42.0%
35CDTG
CDT Environmental Technology Investment Holdings Limited
FY · 2025-12-31
$3M41.5%
36WM
Waste Management, Inc
TTM · 2026-03-31
$84.7B40.7%
37CEPU
Central Puerto S.A.
FY · 2024-12-31
$2.0B39.5%
38CWCO
CONSOLIDATED WATER CO. LTD.
TTM · 2026-06-30
$485M35.4%
39CWST
CASELLA WASTE SYSTEMS, INC.
TTM · 2026-06-30
$5.4B33.4%
40CLH
CLEAN HARBORS, INC
TTM · 2026-03-31
$16.8B31.7%
41CDZI
CADIZ INC
FY · 2025-12-31
$288M31.6%
42NGL
NGL Energy Partners LP
TTM · 2026-06-30
$1.9B29.5%
43RENX
RENX ENTERPRISES CORP.
FY · 2025-12-31
$5M29.1%
44ENIC
ENEL CHILE S.A.
FY · 2024-12-31
$6.1B27.7%
45CETY
CLEAN ENERGY TECHNOLOGIES, INC.
FY · 2025-12-31
$12M27.6%
46OKE
ONEOK, Inc.
TTM · 2026-06-30
$58.9B27.2%
47DXST
Decent Holding Inc.
FY · 2025-10-31
$4M26.2%
48EPD
ENTERPRISE PRODUCTS PARTNERS L.P.
TTM · 2026-06-30
$77.8B25.6%
49GNE
Genie Energy Ltd.
TTM · 2026-06-30
$445M25.3%
50SLNG
Stabilis Solutions, Inc.
TTM · 2026-06-30
$97M23.4%
51ELPC
ENERGY CO OF PARANA
FY · 2024-12-31
$10.4B21.6%
52CIG
ENERGY CO OF MINAS GERAIS
FY · 2024-12-31
$6.7B20.5%
53AWX
AVALON HOLDINGS CORPORATION
TTM · 2026-06-30
$10M20.5%
54AES
THE AES CORPORATION
TTM · 2026-06-30
$10.7B20.3%
55NFE
New Fortress Energy Inc.
TTM · 2026-06-30
$25M20.3%
56EDN
EDENOR
FY · 2024-12-31
$905M19.3%
57VIVO
VIVOPOWER INTERNATIONAL PLC
FY · 2025-06-30
$83M18.0%
58NRG
NRG Energy, Inc
TTM · 2026-06-30
$22.5B17.6%
59KEN
KENON HOLDINGS LTD.
FY · 2025-12-31
$3.3B16.8%
60QRHC
Quest Resource Holding Corporation
TTM · 2026-06-30
$24M16.4%
61ELLO
ELLOMAY CAPITAL LTD.
FY · 2024-12-31
$336M11.8%
62KEP
KOREA ELECTRIC POWER CORPORATION
FY · 2024-12-31
$13.9B11.5%
63PESI
PERMA FIX ENVIRONMENTAL SERVICES INC
FY · 2025-12-31
$281M9.7%
64CTRI
Centuri Holdings, Inc.
TTM · 2026-06-28
$2.1B7.8%
65UGP
ULTRAPAR HOLDINGS INC.
FY · 2024-12-31
$8.3B7.3%
66LNT
ALLIANT ENERGY CORP
TTM · 2026-03-31
$17.4B-381.5%
67OPTT
OCEAN POWER TECHNOLOGIES, INC.
FY · 2026-04-30
$6M-845.9%
68GRDX
GRIDAI TECHNOLOGIES CORP
FY · 2025-12-31
$32M-1813.6%
How to turn this ranking into valuation work

Start with the company page

Validate business quality, margins, capital structure, and the current valuation context before relying on a single multiple.

Then validate WACC

A cheap multiple does not guarantee a sensible discount rate. Check cost of capital before finalizing DCF assumptions.

Finish with DCF

Use the matching DCF page to test intrinsic value so multiples, discount rates, and cash-flow assumptions stay connected.

Data updated daily · Source: SEC EDGAR, Polygon.io

Highest Gross Margin Utilities Stocks | Valuation Rankings | DeepViews