RANKINGS

Highest Net Margin — Utilities

Net profit margin shows the percentage of revenue that translates into profit.

124 companies with Net Margin data.

Ranked by Net Margin(124)

#	Ticker	Name	Industry	Market Cap	Net Margin
1	LNT	ALLIANT ENERGY CORP TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$17.1B	631.5%
2	POR	PORTLAND GENERAL ELECTRIC COMPANY TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$5.3B	267.7%
3	PCYO	PURE CYCLE CORPORATION TTM · 2026-05-31 Analysis WACC DCF	Water Utilities	$268M	43.7%
4	DTM	DT Midstream, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$12.7B	35.7%
5	AM	ANTERO MIDSTREAM CORPORATION FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$10.0B	34.8%
6	ENLT	Enlight Renewable Energy Ltd. FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$9.4B	32.9%
7	WES	Western Midstream Partners, LP TTM · 2026-03-31 Analysis WACC DCF	Gas Utilities	$18.8B	30.2%
8	NEE	NEXTERA ENERGY INC TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$161.4B	29.4%
9	YORW	YORK WATER COMPANY TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$504M	28.5%
10	ATO	Atmos Energy Corp TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$27.3B	28.5%
11	CQP	Cheniere Energy Partners, L.P. FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$30.8B	27.8%
12	NFG	NATIONAL FUEL GAS COMPANY TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$7.5B	26.9%
13	SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP FY · 2024-12-31 Analysis WACC DCF	Water Utilities	$23.7B	26.5%
14	WMB	Williams Companies, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$88.9B	25.2%
15	MSEX	MIDDLESEX WATER COMPANY TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$1.0B	23.3%
16	TRP	TC ENERGY CORPORATION FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$62.6B	23.1%
17	SWX	Southwest Gas Holdings, Inc. FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$6.1B	22.7%
18	VG	VENTURE GLOBAL, INC. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$32.9B	22.3%
19	AROC	Archrock, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$5.3B	21.8%
20	WTRG	Essential Utilities, Inc. TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$11.1B	21.6%
21	AWK	AMERICAN WATER WORKS COMPANY, INC. TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$25.6B	21.3%
22	AWR	AMERICAN STATES WATER CO TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$3.3B	20.5%
23	ARTNA	ARTESIAN RESOURCES CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$347M	20.2%
24	KMI	KINDER MORGAN, INC. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$72.3B	19.3%
25	BIPC	BROOKFIELD INFRASTRUCTURE CORPORATION FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$4.6B	19.1%
26	MGEE	MGE Energy, Inc. TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$2.7B	18.6%
27	EIX	EDISON INTERNATIONAL TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$21.3B	18.1%
28	AEE	Ameren Corporation TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$28.3B	17.9%
29	CIG	ENERGY CO OF MINAS GERAIS FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$6.9B	17.9%
30	IDA	IDACORP INC FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$7.8B	17.8%
31	D	DOMINION ENERGY, INC TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$54.2B	17.0%
32	KEN	KENON HOLDINGS LTD. FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$3.1B	17.0%
33	AEP	American Electric Power Company, Inc. FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$66.9B	16.9%
34	WEC	WEC ENERGY GROUP, INC. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$33.8B	16.7%
35	NJR	NEW JERSEY RESOURCES CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$5.2B	16.4%
36	FTS	FORTIS INC. FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$27.2B	16.1%
37	PEG	Public Service Enterprise Group Incorporated TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$36.0B	16.0%
38	NGG	NATIONAL GRID PLC FY · 2025-03-31 Analysis WACC DCF	Gas Utilities	$76.9B	15.8%
39	DUK	DUKE ENERGY CORPORATION TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$91.0B	15.5%
40	XEL	Xcel Energy Inc. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$46.1B	15.3%
41	CPK	CHESAPEAKE UTILITIES CORP TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$3.2B	15.1%
42	OTTR	OTTER TAIL CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$3.7B	14.9%
43	SO	SOUTHERN CO TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$99.1B	14.7%
44	EVRG	EVERGY, INC. TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$18.7B	14.6%
45	SRE	SEMPRA TTM · 2026-03-31 Analysis WACC DCF	Gas Utilities	$53.2B	14.4%
46	AES	THE AES CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Multi-Utilities	$10.7B	14.3%
47	OGE	OGE ENERGY CORP. TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$9.6B	14.0%
48	CEG	CONSTELLATION ENERGY CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$105.6B	14.0%
49	ETR	ENTERGY CORP /DE/ TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$49.1B	13.6%
50	TRGP	TARGA RESOURCES CORP. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$61.5B	13.5%
51	EDN	EDENOR FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$885M	13.3%
52	LNG	CHENIERE ENERGY, INC. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$57.5B	13.3%
53	PPL	PPL Corp TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$25.8B	13.1%
54	RGCO	RGC Resources, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$232M	13.1%
55	BKH	Black Hills Corporation TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$5.8B	13.0%
56	RSG	REPUBLIC SERVICES, INC. TTM · 2026-06-30 Analysis WACC DCF	Other	$66.4B	12.9%
57	HTO	H2O AMERICA TTM · 2026-03-31 Analysis WACC DCF	Water Utilities	$2.4B	12.9%
58	CWCO	CONSOLIDATED WATER CO. LTD. TTM · 2026-06-30 Analysis WACC DCF	Water Utilities	$490M	12.7%
59	ED	CONSOLIDATED EDISON INC TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$39.2B	12.5%
60	EMA	EMERA INCORPORATED FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$14.0B	12.4%
61	ELPC	ENERGY CO OF PARANA FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$10.5B	12.4%
62	PCG	PG&E CORP TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$39.4B	12.3%
63	AVA	AVISTA CORP TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$3.0B	11.8%
64	PNW	PINNACLE WEST CAPITAL CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$12.0B	11.7%
65	VST	Vistra Corp. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$54.2B	11.7%
66	CMS	CMS ENERGY CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$20.5B	11.6%
67	CNP	CENTERPOINT ENERGY INC TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$25.4B	11.4%
68	EXC	EXELON CORPORATION TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$43.0B	11.2%
69	OPAL	OPAL FUELS INC. FY · 2025-12-31 Analysis WACC DCF	Gas Utilities	$52M	11.1%
70	BEP	BROOKFIELD RENEWABLE PARTNERS L.P. FY · 2025-12-31 Analysis WACC DCF	Electric Utilities	$8.9B	11.1%
71	WM	Waste Management, Inc TTM · 2026-03-31 Analysis WACC DCF	Other	$83.5B	11.0%
72	SR	Spire Inc. FY · 2025-09-30 Analysis WACC DCF	Gas Utilities	$4.6B	11.0%
73	WCN	WASTE CONNECTIONS, INC. TTM · 2026-06-30 Analysis WACC DCF	Other	$38.4B	10.9%
74	EPD	ENTERPRISE PRODUCTS PARTNERS L.P. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$77.9B	10.8%
75	KNTK	KINETIK HOLDINGS INC. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$4.3B	10.4%
76	ES	EVERSOURCE ENERGY TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$24.8B	10.4%
77	NWE	NORTHWESTERN ENERGY GROUP, INC. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$4.6B	10.1%
78	NWN	NORTHWEST NATURAL HOLDING COMPANY TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$2.0B	9.7%
79	OKE	ONEOK, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$56.6B	9.3%
80	UGI	UGI CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$8.0B	9.2%
81	CEPU	Central Puerto S.A. FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$1.9B	8.3%
82	DTE	DTE ENERGY CO TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$26.4B	7.7%
83	TXNM	TXNM Energy, Inc. TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$6.5B	7.5%
84	HE	HAWAIIAN ELECTRIC INDUSTRIES, INC. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$1.5B	6.9%
85	FE	FIRSTENERGY CORP TTM · 2026-03-31 Analysis WACC DCF	Electric Utilities	$26.0B	6.9%
86	CLH	CLEAN HARBORS, INC TTM · 2026-03-31 Analysis WACC DCF	Other	$16.7B	6.5%
87	CWEN	Clearway Energy, Inc. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$3.7B	5.8%
88	KGS	Kodiak Gas Services, Inc. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$5.4B	5.8%
89	GNE	Genie Energy Ltd. TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$438M	4.9%
90	ENIC	ENEL CHILE S.A. FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$6.2B	4.9%
91	RNW	RENEW ENERGY GLOBAL PLC FY · 2025-03-31 Analysis WACC DCF	Electric Utilities	$2.5B	4.7%
92	MNTK	MONTAUK RENEWABLES, INC. TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$360M	4.2%
93	KEP	KOREA ELECTRIC POWER CORPORATION FY · 2024-12-31 Analysis WACC DCF	Electric Utilities	$14.2B	3.9%
94	EE	Excelerate Energy, Inc TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$1.1B	3.2%
95	NRG	NRG Energy, Inc TTM · 2026-06-30 Analysis WACC DCF	Electric Utilities	$22.7B	2.6%
96	UGP	ULTRAPAR HOLDINGS INC. FY · 2024-12-31 Analysis WACC DCF	Gas Utilities	$8.4B	1.9%
97	AWX	AVALON HOLDINGS CORPORATION TTM · 2026-06-30 Analysis WACC DCF	Other	$10M	1.4%
98	CTRI	Centuri Holdings, Inc. TTM · 2026-06-28 Analysis WACC DCF	Gas Utilities	$2.1B	0.9%
99	CWST	CASELLA WASTE SYSTEMS, INC. TTM · 2026-06-30 Analysis WACC DCF	Other	$5.3B	0.3%
100	SMC	Summit Midstream Corporation TTM · 2026-06-30 Analysis WACC DCF	Gas Utilities	$440M	0.0%