Utilities - Independent Power Producers: NRG Energy, Inc. owns the largest revenue base; Talen Energy Corporation has the fastest current growth.
The industry itself · before any single company
How has Utilities - Independent Power Producers moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 194% ahead of S&P 500. Earnings across its companies fell 67% on average over the last four reported quarters.
BASING · 1y −14.7%⚠Price up, without the fundamentals confirming1 of 9 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS — · 1/9 >200d (+0) · 1/9 lead (+0) · EPS 3/9↑
Utilities - Independent Power Producers, equal-weighted, based at 200S&P 500, same base, same starttrailing 12-month earnings per share risingfalling
Strength anatomyNarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together1 of 9 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score −4 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large0/20
Mid0/30
Small1/40
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Utilities - Independent Power Producers outperforming S&P 500?
Utilities - Independent Power Producers has underperformed S&P 500 by 17.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 18.1%. 0 of 9 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Digi Power X Inc. is the strongest against the sector itself at +15.8%.
-18.1%Sector vs S&P 500 · 13 weeks
-17.5%Sector vs S&P 500 · 52 weeks
0/9Stocks leading S&P 500
3/9Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Utilities - Independent Power Producers has underperformed S&P 500 by 17.5% over 52 weeks and 18.1% over 13 weeks. 0 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 9 beat the sector itself. NRG Energy, Inc. leads with revenue of $32,384 million, based on 8 of 10 comparable companies through Mar 2026.
Is the Utilities - Independent Power Producers sector outperforming S&P 500?
Utilities - Independent Power Producers has underperformed S&P 500 by 17.5% over 52 weeks and 18.1% over 13 weeks. 0 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 9 beat the sector itself.
Which Utilities - Independent Power Producers company is largest by revenue?
NRG Energy, Inc. leads with revenue of $32,384 million, based on 8 of 10 comparable companies through Mar 2026.
Which Utilities - Independent Power Producers company is growing fastest?
Talen Energy Corporation has the fastest current revenue growth at 66.3%, across 8 of 10 comparable companies.
Which Utilities - Independent Power Producers company has the strongest 4-Factor Sector Score?
Constellation Energy Corporation ranks first at 65.9/100 with 86.2% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Utilities - Independent Power Producers company reports the most CAPEX?
Constellation Energy Corporation reports the largest latest CAPEX at $1,275 million, with 10 of 10 companies comparable.
Which Utilities - Independent Power Producers company has the least gross debt?
Digi Power X Inc. has the lowest comparable gross debt at $0 million. NRG Energy, Inc. has the highest at $23,357 million.
Which Utilities - Independent Power Producers company has the lowest comparable PEG?
Vistra Corp. has the lowest comparable Guarded PEG at 0.38, among 2 of 10 companies that pass the metric’s comparability rules.
How much history does this Utilities - Independent Power Producers comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
10
complete canonical membership
Combined market value
$207.1B
Constellation Energy Corporation
Revenue growing
6/8
positive TTM year-on-year growth
Beating S&P 500
0/9
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Constellation Energy Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 86.2% evidence confidence.
Digi Power X Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17.4/35Growth & earnings
Revenue — · PAT — · OPM change —
33% evidence
10.1/25Capital efficiency
ROCE -3.5% · debt/equity 0×
68% evidence
10.0/20Valuation
P/E — · PEG —
0% evidence
0.6/20Relative strength
RS sector -42.2% · RS bench -53.5% · 1Y -44.6%
100% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
NRG Energy, Inc. has the highest Revenue among the 10 Utilities - Independent Power Producers companies compared here, at $32,384 million. Constellation Energy Corporation is next at $29,867 million. Talen Energy Corporation has the highest Revenue growth at 66.3%, so level and change sit with different companies. 8 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: NRG Energy, Inc. is the scale leader at $32,384 million, 8.4% ahead of Constellation Energy Corporation. Talen Energy Corporation's growth is 66.3% from a $3,320 million base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderNRG Energy, Inc. · $32,384 million
Gap8.4% versus #2 · Constellation Energy Corporation
Persistence7/8 recent comparable periods
Coverage8/10 companies · 156 observations
Investor read: NRG Energy, Inc. is the scale benchmark; Talen Energy Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: NRG Energy, Inc.'s growth falls below Talen Energy Corporation's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1NRG Energy, Inc. NRG$32.4B
2Constellation Energy Corporation CEG$29.9B
3Vistra Corp. VST$19.4B
4Talen Energy Corporation TLN$3.3B
5TransAlta Corporation TAC$2.2B
Revenue growthfastest growers
1Talen Energy Corporation TLN66%
2Kenon Holdings Ltd. KEN32%
3Constellation Energy Corporation CEG23%
4Hallador Energy Company HNRG11%
5NRG Energy, Inc. NRG11%
Revenue · company comparison
8/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Vistra Corp. has the highest OPM among the 10 Utilities - Independent Power Producers companies compared here, at 26.6%. Constellation Energy Corporation is next at 21%. Talen Energy Corporation has the highest Margin change at +45.8 percentage points, so level and change sit with different companies. 8 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Vistra Corp. leads opm at 26.6%; Talen Energy Corporation leads margin change at +45.8 percentage points.
LeaderVistra Corp. · 26.6%
Gap26.7% versus #2 · Constellation Energy Corporation
Persistence4/8 recent comparable periods
Coverage8/10 companies · 155 observations
Investor read: Vistra Corp. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Vistra Corp. VST27%
2Constellation Energy Corporation CEG21%
3Talen Energy Corporation TLN19%
4TransAlta Corporation TAC16%
5NRG Energy, Inc. NRG3.2%
Margin changefastest expanders
1Talen Energy Corporation TLN+45.8 pp
2Vistra Corp. VST+29.7 pp
3Constellation Energy Corporation CEG+14.4 pp
4TransAlta Corporation TAC+3.1 pp
5Kenon Holdings Ltd. KEN−3.6 pp
Operating margin · company comparison
8/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Constellation Energy Corporation has the highest Net profit among the 10 Utilities - Independent Power Producers companies compared here, at $3,797 million. Vistra Corp. is next at $2,241 million. The same company also holds the highest Profit growth, at 27.3%. 9 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Constellation Energy Corporation leads with $3,797 million of TTM profit, 69.4% above Vistra Corp.. Constellation Energy Corporation shows 27.3% growth from a $3,797 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderConstellation Energy Corporation · $3,797 million
Gap69.4% versus #2 · Vistra Corp.
Persistence4/8 recent comparable periods
Coverage9/10 companies · 175 observations
Investor read: Constellation Energy Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Constellation Energy Corporation CEG$3.8B
2Vistra Corp. VST$2.2B
3NRG Energy, Inc. NRG$239M
4Kenon Holdings Ltd. KEN$155M
5Hallador Energy Company HNRG$23M
Profit growthfastest growers
1Constellation Energy Corporation CEG27%
2Kenon Holdings Ltd. KEN-76%
3NRG Energy, Inc. NRG-83%
4TransAlta Corporation TAC-526%
Net profit · company comparison
9/10 level · 4/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Constellation Energy Corporation has the highest CAPEX among the 10 Utilities - Independent Power Producers companies compared here, at $1,275 million. Vistra Corp. is next at $883 million. Digi Power X Inc. has the highest CAPEX intensity at 214.3%, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Constellation Energy Corporation reports $1,275 million of CAPEX; Digi Power X Inc. has the highest covered intensity at 214.3%. Coverage is only 10 of 10 companies and 169 reported observations, so this is partial evidence—not a complete sector rank.
LeaderConstellation Energy Corporation · $1,275 million
Gap44.4% versus #2 · Vistra Corp.
Persistence8/8 recent comparable periods
Coverage10/10 companies · 169 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Constellation Energy Corporation CEG$1.3B
2Vistra Corp. VST$883M
3NRG Energy, Inc. NRG$317M
4Fervo Energy Company FRVO$173M
5Kenon Holdings Ltd. KEN$126M
CAPEX intensityhighest reinvestment intensity
1Digi Power X Inc. DGXX214%
2Kenon Holdings Ltd. KEN40%
3Vistra Corp. VST16%
4Constellation Energy Corporation CEG12%
5Hallador Energy Company HNRG7.8%
Capital expenditure · company comparison
10/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
Digi Power X Inc. has the lowest Gross debt among the 10 Utilities - Independent Power Producers companies compared here, at $0 million. Oklo Inc. is next at $3 million. Oklo Inc. has the lowest Net debt at $2,206 million net cash, so level and change sit with different companies.
What the numbers say: Oklo Inc. has the clearest covered balance-sheet capacity with $2,206 million net cash and gross debt of $3 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderDigi Power X Inc. · $0 million
Gap100% versus #2 · Oklo Inc.
Persistence8/8 recent comparable periods
Coverage10/10 companies · 178 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Digi Power X Inc. DGXX$0M
2Oklo Inc. OKLO$3M
3Hallador Energy Company HNRG$6M
4Fervo Energy Company FRVO$298M
5Kenon Holdings Ltd. KEN$2.5B
Net debtlowest net debt
1Oklo Inc. OKLO$-2.2B
2Digi Power X Inc. DGXX$-58M
3Hallador Energy Company HNRG$-31M
4Fervo Energy Company FRVO$17M
5Kenon Holdings Ltd. KEN$593M
Debt and balance-sheet capacity · company comparison
10/10 level · 10/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Vistra Corp. has the highest ROCE among the 10 Utilities - Independent Power Producers companies compared here, at 5%. Constellation Energy Corporation is next at 3.6%. Digi Power X Inc. has the highest ROCE change at +10.9 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Vistra Corp. leads ROCE at 5%, 1.4 percentage points above Constellation Energy Corporation. Digi Power X Inc. has the strongest latest improvement at +10.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderVistra Corp. · 5%
Gap38.9% versus #2 · Constellation Energy Corporation
Persistence4/8 recent comparable periods
Coverage10/10 companies · 172 observations
Investor read: Vistra Corp. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Vistra Corp. VST5.0%
2Constellation Energy Corporation CEG3.6%
3Talen Energy Corporation TLN2.8%
4NRG Energy, Inc. NRG1.5%
5TransAlta Corporation TAC1.3%
ROCE changefastest improvers
1Digi Power X Inc. DGXX+10.9 pp
2Vistra Corp. VST+5.4 pp
3Talen Energy Corporation TLN+4.5 pp
4Constellation Energy Corporation CEG+2.6 pp
5Oklo Inc. OKLO+2.5 pp
Return on capital · company comparison
10/10 level · 10/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Vistra Corp. has the lowest Guarded PEG among the 10 Utilities - Independent Power Producers companies compared here, at 0.38×. Constellation Energy Corporation is next at 1.14×. Digi Power X Inc. has the lowest P/E at 2.25×, so level and change sit with different companies. 2 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Vistra Corp. has the lowest comparable Guarded PEG at 0.38×, 66.7% below Constellation Energy Corporation. Only 2 of 10 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderVistra Corp. · 0.38×
Gap66.7% versus #2 · Constellation Energy Corporation
Persistence0/8 recent comparable periods
Coverage2/10 companies · 4 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Vistra Corp. VST0.4
2Constellation Energy Corporation CEG1.1
P/Elowest P/E
1Digi Power X Inc. DGXX2.3
2Constellation Energy Corporation CEG24.3
3Vistra Corp. VST25.2
4Hallador Energy Company HNRG30.7
5TransAlta Corporation TAC34.4
Valuation · company comparison
2/10 level · 8/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Digi Power X Inc. has the lowest EV/EBITDA among the 10 Utilities - Independent Power Producers companies compared here, at 2.98×. Hallador Energy Company is next at 9.4×. The same company also holds the lowest P/BV, at 1.21×. 8 of 10 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Digi Power X Inc. leads both ev/ebitda at 2.98× and p/bv at 1.21×.
LeaderDigi Power X Inc. · 2.98×
Gap68.3% versus #2 · Hallador Energy Company
Persistence0/8 recent comparable periods
Coverage8/10 companies · 123 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Digi Power X Inc. DGXX3.0
2Hallador Energy Company HNRG9.4
3Vistra Corp. VST11.2
4TransAlta Corporation TAC14.6
5Constellation Energy Corporation CEG15.1
P/BVlowest P/BV
1Digi Power X Inc. DGXX1.2
2Kenon Holdings Ltd. KEN2.9
3Constellation Energy Corporation CEG3.0
4Oklo Inc. OKLO3.3
5Hallador Energy Company HNRG3.7
Enterprise and book valuation · company comparison
8/10 level · 9/10 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Kenon Holdings Ltd. has the strongest one-year price move in Utilities - Independent Power Producers at +44.1%. It also leads on Mansfield relative strength against the S&P 500 at -5.4%. 0 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Utilities - Independent Power Producers comparison names 5 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 10 companies in the canonical Utilities - Independent Power Producers membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
This comparison is built from the reported filings of 10 Utilities - Independent Power Producers companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-28.
FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Utilities - Independent Power Producers company comparison FAQs
These 18 answers restate the Utilities - Independent Power Producers comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Utilities - Independent Power Producers company is the biggest?
NRG Energy, Inc. is the largest, with trailing-twelve-month revenue of $32,384 million, ahead of Constellation Energy Corporation at $29,867 million. That covers 8 of 10 companies with comparable reporting through Mar 2026.
Which Utilities - Independent Power Producers company is growing fastest?
Talen Energy Corporation has the fastest revenue growth at 66.3% year on year, across 8 of 10 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Utilities - Independent Power Producers company has the best profit margins?
Vistra Corp. has the highest operating margin at 26.6%, from 8 of 10 comparable companies. Talen Energy Corporation shows the biggest recent improvement, at +45.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Utilities - Independent Power Producers company makes the most profit?
Constellation Energy Corporation earns the most, at $3,797 million of trailing-twelve-month net profit, from 9 of 10 comparable companies. Constellation Energy Corporation has the fastest profit growth at 27.3%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Utilities - Independent Power Producers company earns the highest return on capital?
Vistra Corp. leads on return on capital employed at 5%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Utilities - Independent Power Producers stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Vistra Corp. screens cheapest at 0.38×. Only 2 of 10 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Utilities - Independent Power Producers company has the strongest balance sheet?
Digi Power X Inc. carries the lowest comparable gross debt at $0 million, from 10 of 10 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Utilities - Independent Power Producers company is investing most in new capacity?
Constellation Energy Corporation reports the largest capital spending at $1,275 million, across 10 of 10 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Is the Utilities - Independent Power Producers sector beating the market?
Utilities - Independent Power Producers has underperformed S&P 500 by 17.5% over the last 52 weeks and 18.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Utilities - Independent Power Producers stock has the strongest price momentum?
Kenon Holdings Ltd. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Utilities - Independent Power Producers company scores highest for research priority?
Constellation Energy Corporation scores 65.9 out of 100 with 86.2% evidence confidence, from 28 points on growth and earnings, 15.9 on capital efficiency, 13.9 on valuation and 8.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Utilities - Independent Power Producers companies does this comparison cover, and over what period?
It compares 10 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Utilities - Independent Power Producers sector?
The 10 Utilities - Independent Power Producers companies on this page carry $207,117 million of combined market value. Constellation Energy Corporation is the largest at $92,782 million, about 45% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Utilities - Independent Power Producers sector's P/E ratio?
The median price-to-earnings ratio across the 10 Utilities - Independent Power Producers companies on this page is 34.4×, measured on the 8 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Utilities - Independent Power Producers sector performing?
0 of the 9 covered Utilities - Independent Power Producers companies are beating S&P 500 on Mansfield relative strength. The sector itself is 17.5% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Utilities - Independent Power Producers stocks are listed in the US?
This comparison covers 10 listed Utilities - Independent Power Producers companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Mar 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.