20-quarter listed-company comparison

Utilities - Independent Power Producers Stocks

Utilities - Independent Power Producers: NRG Energy, Inc. owns the largest revenue base; Talen Energy Corporation has the fastest current growth.

01 · the industry itself · before any single company

How has Utilities - Independent Power Producers moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 160% ahead of S&P 500. Earnings across its companies fell 67% on average over the last four reported quarters.

ASLEEP · 1y −21.6%⚠Price up, without the fundamentals confirming0 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 (−2) · 0/9 lead (−2) · EPS 3/9↑

Utilities - Independent Power Producers, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

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.

02 · 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 17.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 24.6%. 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 +20.8%.

-24.6%Sector vs S&P 500 · 13 weeks

-17.9%Sector vs S&P 500 · 52 weeks

0/9Stocks leading S&P 500

4/9Stocks 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 17.9% over 52 weeks and 24.6% over 13 weeks. 0 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 9 beat the sector itself. NRG Energy, Inc. leads with revenue of $32,384 million, based on 7 of 10 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$207.6B

Constellation Energy Corporation

Revenue growing

6/7

positive TTM year-on-year growth

Beating S&P 500

0/9

positive Mansfield relative strength

Comparing 5 of 10

03 · 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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Constellation Energy Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 81.1% evidence confidence.

Digi Power X Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Constellation Energy CorporationCEG	66.1/100Favorable setup81% evidence	BASING	26.5/35 Revenue 23.4% · PAT 27.3% · OPM change 14.4 pp 83% evidence	16.3/25 ROCE 3.6% · OPM 21% 76% evidence	13.9/20 P/E 24.3× · PEG 1.14 65% evidence	9.4/20 RS sector -4.4% · RS bench -23% · 1Y -20.4%0 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 16.3 + 13.9 + 9.4 = 66.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Vistra Corp.VST	63.5/100Mixed-positive evidence74% evidence	BASING	21.9/35 Revenue 7.4% · PAT -11.3% · OPM change 29.7 pp 62% evidence	16.6/25 ROCE 5% · OPM 26.6% 76% evidence	15.6/20 P/E 25.2× · PEG 0.38 65% evidence	9.4/20 RS sector -6.4% · RS bench -24.3% · 1Y -29.1%0 of 12 weeks ahead 100% evidence
Exact sum: 21.9 + 16.6 + 15.6 + 9.4 = 63.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Talen Energy CorporationTLN	59.7/100Mixed-positive evidence64% evidence	ASLEEP	26.0/35 Revenue 66.3% · PAT -103.8% · OPM change 45.8 pp 62% evidence	13.7/25 ROCE 2.8% · OPM 18.6% 76% evidence	8.9/20 P/E 92.1× · PEG — 15% evidence	11.1/20 RS sector 1.4% · RS bench -17.9% · 1Y -9.2%3 of 12 weeks ahead 100% evidence
Exact sum: 26 + 13.7 + 8.9 + 11.1 = 59.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4TransAlta CorporationTAC	54.7/100Thin evidence · provisional58% evidence	BASING	18.4/35 Revenue — · PAT — · OPM change 3.1 pp 45% evidence	11.2/25 ROCE 2% · OPM 16.3% 76% evidence	9.8/20 P/E 34.5× · PEG — 15% evidence	15.3/20 RS sector 5% · RS bench -15.2% · 1Y 5.6%1 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 11.2 + 9.8 + 15.3 = 54.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Kenon Holdings Ltd.KEN	45.6/100Mixed-negative evidence71% evidence	ASLEEP	14.1/35 Revenue 32.4% · PAT -76.2% · OPM change -3.6 pp 83% evidence	10.3/25 ROCE 0.1% · OPM 1.3% 76% evidence	9.4/20 P/E 53.5× · PEG — 15% evidence	11.8/20 RS sector 12.4% · RS bench -8.5% · 1Y 58.7%1 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 10.3 + 9.4 + 11.8 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Digi Power X Inc.DGXX	44.7/100Thin evidence · provisional58% evidence	FADING	14.3/35 Revenue -3% · PAT — · OPM change -37.9 pp 62% evidence	3.3/25 ROCE -10% · OPM -108.8% 76% evidence	11.5/20 P/E 2.3× · PEG — 15% evidence	15.6/20 RS sector 20.8% · RS bench -2.8% · 1Y 33%10 of 12 weeks ahead 70% evidence
Exact sum: 14.3 + 3.3 + 11.5 + 15.6 = 44.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Hallador Energy CompanyHNRG	33.5/100Thin evidence · provisional58% evidence	ASLEEP	11.0/35 Revenue 10.7% · PAT — · OPM change -17.4 pp 62% evidence	7.0/25 ROCE -2.5% · OPM -5.6% 76% evidence	10.2/20 P/E 30.7× · PEG — 15% evidence	5.3/20 RS sector -7.5% · RS bench -25.4% · 1Y -28.7%1 of 12 weeks ahead 70% evidence
Exact sum: 11 + 7 + 10.2 + 5.3 = 33.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8NRG Energy, Inc.NRG	32.8/100Adverse evidence71% evidence	BASING	8.5/35 Revenue 10.6% · PAT -82.5% · OPM change -10 pp 83% evidence	10.6/25 ROCE 1.5% · OPM 3.2% 76% evidence	8.5/20 P/E 166.1× · PEG — 15% evidence	5.2/20 RS sector -15.4% · RS bench -31.6% · 1Y -23.3%0 of 12 weeks ahead 100% evidence
Exact sum: 8.5 + 10.6 + 8.5 + 5.2 = 32.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Fervo Energy CompanyFRVO	43.7/100Thin evidence · provisional17% evidence		17.2/35 Revenue — · PAT — · OPM change — 4% evidence	6.5/25 ROCE -3.3% · OPM — 61% evidence	10.0/20 P/E — · PEG — 0% evidence	10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.2 + 6.5 + 10 + 10 = 43.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10Oklo Inc.OKLO	33.9/100Thin evidence · provisional47% evidence	ASLEEP	17.6/35 Revenue — · PAT — · OPM change — 33% evidence	6.3/25 ROCE -3.5% · OPM — 61% evidence	10.0/20 P/E — · PEG — 0% evidence	0.0/20 RS sector -37.7% · RS bench -50.6% · 1Y -42.5%0 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 6.3 + 10 + 0 = 33.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

Kenon Holdings Ltd. has the strongest one-year price move in Utilities - Independent Power Producers at +58.7%. Digi Power X Inc. leads on Mansfield relative strength against the S&P 500 at -2.8%. 0 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · 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. 7 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

Coverage7/10 companies · 149 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

5Kenon Holdings Ltd. KEN$1.0B

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

7/10 level · 7/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Constellation Energy Corporation CEG	$11.1B	64%	Mar 2026
NRG Energy, Inc. NRG	$10.3B	19%	Mar 2026
Vistra Corp. VST	$5.6B	43%	Mar 2026
Talen Energy Corporation TLN	$1.1B	189%	Mar 2026
TransAlta Corporation TAC	$565M	-25%	Jun 2026
Kenon Holdings Ltd. KEN	$317M	73%	Mar 2026
Hallador Energy Company HNRG	$102M	-14%	Mar 2026
Digi Power X Inc. DGXX	$7M	-22%	Mar 2026
Fervo Energy Company FRVO	$0M	—	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021$4.4B

Dec 2021$5.5B

Mar 2022$5.6B

Jun 2022$5.5B

Sep 2022$6.1B

Dec 2022$7.3B

Mar 2023$7.6B

Jun 2023$5.4B

Sep 2023$6.1B

Dec 2023$5.8B

Mar 2024$6.2B

Jun 2024$5.5B

Sep 2024$6.6B

Dec 2024$5.4B

Mar 2025$6.8B

Jun 2025$6.1B

Sep 2025$6.6B

Dec 2025$6.1B

Mar 2026$11.1B

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021$5M

Dec 2021$10M

Mar 2022$7M

Jun 2022$7M

Sep 2022$4M

Dec 2022$6M

Mar 2023$4M

Jun 2023$6M

Sep 2023$5M

Dec 2023$11M

Mar 2024$13M

Jun 2024$9M

Sep 2024$9M

Dec 2024$6M

Mar 2025$9M

Jun 2025$8M

Sep 2025$8M

Dec 2025$9M

Mar 2026$7M

Jun 2026—

Fervo Energy Company · FRVO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$0M

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021$80M

Dec 2021$66M

Mar 2022$59M

Jun 2022$66M

Sep 2022$85M

Dec 2022$152M

Mar 2023$188M

Jun 2023$161M

Sep 2023$166M

Dec 2023$120M

Mar 2024$112M

Jun 2024$94M

Sep 2024$105M

Dec 2024$93M

Mar 2025$118M

Jun 2025$103M

Sep 2025$147M

Dec 2025$102M

Mar 2026$102M

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021$133M

Dec 2021$135M

Mar 2022$146M

Jun 2022$121M

Sep 2022$163M

Dec 2022$145M

Mar 2023$147M

Jun 2023$165M

Sep 2023$229M

Dec 2023$151M

Mar 2024$174M

Jun 2024$181M

Sep 2024$237M

Dec 2024$159M

Mar 2025$183M

Jun 2025$196M

Sep 2025$265M

Dec 2025$228M

Mar 2026$317M

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021$6.6B

Dec 2021$7.0B

Mar 2022$7.9B

Jun 2022$7.3B

Sep 2022$8.5B

Dec 2022$7.9B

Mar 2023$7.7B

Jun 2023$6.3B

Sep 2023$7.9B

Dec 2023$6.8B

Mar 2024$7.4B

Jun 2024$6.7B

Sep 2024$7.2B

Dec 2024$6.8B

Mar 2025$8.6B

Jun 2025$6.7B

Sep 2025$7.6B

Dec 2025$7.8B

Mar 2026$10.3B

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$926M

Dec 2022$1.1B

Mar 2023$1.1B

Jun 2023$438M

Sep 2023$516M

Dec 2023$527M

Mar 2024$509M

Jun 2024$489M

Sep 2024$650M

Dec 2024$467M

Mar 2025$390M

Jun 2025$630M

Sep 2025$812M

Dec 2025$749M

Mar 2026$1.1B

Jun 2026—

TransAlta Corporation · TAC

Sep 2021$850M

Dec 2021$610M

Mar 2022$735M

Jun 2022$458M

Sep 2022$929M

Dec 2022$854M

Mar 2023$1.1B

Jun 2023$625M

Sep 2023$1.0B

Dec 2023$624M

Mar 2024$947M

Jun 2024$582M

Sep 2024$638M

Dec 2024$678M

Mar 2025$758M

Jun 2025$433M

Sep 2025$615M

Dec 2025$599M

Mar 2026$565M

Jun 2026—

Vistra Corp. · VST

Sep 2021$3.0B

Dec 2021$3.3B

Mar 2022$3.1B

Jun 2022$1.6B

Sep 2022$5.1B

Dec 2022$3.9B

Mar 2023$4.4B

Jun 2023$3.2B

Sep 2023$4.1B

Dec 2023$3.1B

Mar 2024$3.1B

Jun 2024$3.8B

Sep 2024$6.3B

Dec 2024$4.0B

Mar 2025$3.9B

Jun 2025$4.3B

Sep 2025$5.0B

Dec 2025$4.6B

Mar 2026$5.6B

Jun 2026—

Revenue growth · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202232%

Sep 202237%

Dec 202233%

Mar 202335%

Jun 2023-0.4%

Sep 20231.0%

Dec 2023-21%

Mar 2024-19%

Jun 20240.5%

Sep 20247.2%

Dec 2024-7.1%

Mar 202510%

Jun 202511%

Sep 20250.3%

Dec 202513%

Mar 202664%

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202240%

Sep 2022-20%

Dec 2022-40%

Mar 2023-43%

Jun 2023-14%

Sep 202325%

Dec 202383%

Mar 2024225%

Jun 202450%

Sep 202480%

Dec 2024-45%

Mar 2025-31%

Jun 2025-11%

Sep 2025-11%

Dec 202550%

Mar 2026-22%

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202218%

Sep 20226.3%

Dec 2022130%

Mar 2023219%

Jun 2023144%

Sep 202395%

Dec 2023-21%

Mar 2024-40%

Jun 2024-42%

Sep 2024-37%

Dec 2024-23%

Mar 20255.4%

Jun 20259.6%

Sep 202540%

Dec 20259.7%

Mar 2026-14%

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202215%

Sep 202223%

Dec 20227.4%

Mar 20230.7%

Jun 202336%

Sep 202340%

Dec 20234.1%

Mar 202418%

Jun 20249.7%

Sep 20243.5%

Dec 20245.3%

Mar 20255.2%

Jun 20258.3%

Sep 202512%

Dec 202543%

Mar 202673%

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202239%

Sep 202229%

Dec 202211%

Mar 2023-2.2%

Jun 2023-13%

Sep 2023-6.6%

Dec 2023-13%

Mar 2024-3.8%

Jun 20244.9%

Sep 2024-9.1%

Dec 20240.2%

Mar 202516%

Jun 20251.2%

Sep 20255.7%

Dec 202514%

Mar 202619%

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-44%

Dec 2023-51%

Mar 2024-53%

Jun 202412%

Sep 202426%

Dec 2024-11%

Mar 2025-23%

Jun 202529%

Sep 202525%

Dec 202560%

Mar 2026189%

Jun 2026—

TransAlta Corporation · TAC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-26%

Sep 20229.3%

Dec 202240%

Mar 202348%

Jun 202336%

Sep 20239.5%

Dec 2023-27%

Mar 2024-13%

Jun 2024-6.9%

Sep 2024-37%

Dec 20248.7%

Mar 2025-20%

Jun 2025-26%

Sep 2025-3.6%

Dec 2025-12%

Mar 2026-25%

Jun 2026—

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-38%

Sep 202272%

Dec 202217%

Mar 202342%

Jun 2023101%

Sep 2023-21%

Dec 2023-20%

Mar 2024-31%

Jun 202421%

Sep 202454%

Dec 202431%

Mar 202529%

Jun 202511%

Sep 2025-21%

Dec 202514%

Mar 202643%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

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 · 148 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

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Vistra Corp. VST	27%	+29.7 pp	Mar 2026
Constellation Energy Corporation CEG	21%	+14.4 pp	Mar 2026
Talen Energy Corporation TLN	19%	+45.8 pp	Mar 2026
TransAlta Corporation TAC	16%	+3.1 pp	Jun 2026
NRG Energy, Inc. NRG	3.2%	−10.0 pp	Mar 2026
Kenon Holdings Ltd. KEN	1.3%	−3.6 pp	Mar 2026
Hallador Energy Company HNRG	-5.6%	−17.4 pp	Mar 2026
Digi Power X Inc. DGXX	-109%	−37.9 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Constellation Energy Corporation · CEG

Sep 202123%

Dec 20210.0%

Mar 20227.8%

Jun 20225.0%

Sep 2022-0.7%

Dec 2022-2.3%

Mar 20230.4%

Jun 202312%

Sep 202316%

Dec 2023-1.2%

Mar 202413%

Jun 202420%

Sep 202422%

Dec 202418%

Mar 20256.6%

Jun 202516%

Sep 202517%

Dec 20259.8%

Mar 202621%

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021-64%

Dec 2021-40%

Mar 20227.0%

Jun 2022-215%

Sep 2022-52%

Dec 2022-190%

Mar 2023-81%

Jun 2023-66%

Sep 2023-58%

Dec 2023-66%

Mar 20246.5%

Jun 2024-104%

Sep 2024-79%

Dec 2024-164%

Mar 2025-71%

Jun 2025-14%

Sep 2025-73%

Dec 2025-27%

Mar 2026-109%

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021-1.7%

Dec 2021-5.2%

Mar 2022-15%

Jun 2022-1.2%

Sep 20226.3%

Dec 202223%

Mar 202316%

Jun 202314%

Sep 202314%

Dec 2023-8.6%

Mar 20242.4%

Jun 2024-7.8%

Sep 20244.5%

Dec 2024-234%

Mar 202512%

Jun 202512%

Sep 202520%

Dec 20256.1%

Mar 2026-5.6%

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 202117%

Dec 20211.1%

Mar 20229.6%

Jun 2022-12%

Sep 20228.6%

Dec 2022-7.7%

Mar 20234.8%

Jun 2023-3.6%

Sep 202314%

Dec 20235.7%

Mar 20243.4%

Jun 20245.0%

Sep 202416%

Dec 2024-3.4%

Mar 20254.9%

Jun 2025-1.0%

Sep 202513%

Dec 20259.4%

Mar 20261.3%

Jun 2026—

NRG Energy, Inc. · NRG

Sep 202135%

Dec 2021-6.8%

Mar 202231%

Jun 202210%

Sep 20221.8%

Dec 2022-17%

Mar 2023-20%

Jun 20238.3%

Sep 20237.1%

Dec 202312%

Mar 202412%

Jun 202421%

Sep 2024-11%

Dec 202414%

Mar 202513%

Jun 20250.0%

Sep 20255.4%

Dec 20253.8%

Mar 20263.2%

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202236%

Dec 202235%

Mar 202311%

Jun 2023-31%

Sep 20231.4%

Dec 202319%

Mar 20244.9%

Jun 20245.5%

Sep 202424%

Dec 20243.4%

Mar 2025-27%

Jun 202511%

Sep 202532%

Dec 2025-42%

Mar 202619%

Jun 2026—

TransAlta Corporation · TAC

Sep 2021-48%

Dec 20214.1%

Mar 202241%

Jun 20224.6%

Sep 202219%

Dec 20223.9%

Mar 202340%

Jun 202319%

Sep 202350%

Dec 20233.4%

Mar 202435%

Jun 202427%

Sep 202414%

Dec 20240.9%

Mar 202513%

Jun 2025-0.5%

Sep 20251.8%

Dec 20255.2%

Mar 202616%

Jun 2026—

Vistra Corp. · VST

Sep 20214.0%

Dec 202127%

Mar 2022-9.2%

Jun 2022-106%

Sep 202217%

Dec 2022-2.5%

Mar 202326%

Jun 202319%

Sep 202320%

Dec 20233.3%

Mar 20242.8%

Jun 202421%

Sep 202441%

Dec 202415%

Mar 2025-3.1%

Jun 202512%

Sep 202521%

Dec 202510%

Mar 202627%

Jun 2026—

Margin change · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+12.4 pp

Sep 2022−23.5 pp

Dec 2022−2.3 pp

Mar 2023−7.4 pp

Jun 2023+7.3 pp

Sep 2023+16.7 pp

Dec 2023+1.1 pp

Mar 2024+12.8 pp

Jun 2024+7.8 pp

Sep 2024+6.4 pp

Dec 2024+19.3 pp

Mar 2025−6.6 pp

Jun 2025−4.5 pp

Sep 2025−5.9 pp

Dec 2025−8.3 pp

Mar 2026+14.4 pp

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−407.1 pp

Sep 2022+12.1 pp

Dec 2022−149.2 pp

Mar 2023−87.8 pp

Jun 2023+148.8 pp

Sep 2023−6.3 pp

Dec 2023+123.9 pp

Mar 2024+87.3 pp

Jun 2024−37.4 pp

Sep 2024−20.7 pp

Dec 2024−98.6 pp

Mar 2025−77.4 pp

Jun 2025+89.4 pp

Sep 2025+5.9 pp

Dec 2025+136.9 pp

Mar 2026−37.9 pp

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.4 pp

Sep 2022+8.0 pp

Dec 2022+27.9 pp

Mar 2023+30.2 pp

Jun 2023+15.0 pp

Sep 2023+8.1 pp

Dec 2023−31.3 pp

Mar 2024−13.1 pp

Jun 2024−21.6 pp

Sep 2024−9.9 pp

Dec 2024−225.4 pp

Mar 2025+9.4 pp

Jun 2025+19.3 pp

Sep 2025+15.3 pp

Dec 2025+240.1 pp

Mar 2026−17.4 pp

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.9 pp

Sep 2022−8.7 pp

Dec 2022−8.8 pp

Mar 2023−4.8 pp

Jun 2023+8.8 pp

Sep 2023+5.4 pp

Dec 2023+13.4 pp

Mar 2024−1.4 pp

Jun 2024+8.6 pp

Sep 2024+1.6 pp

Dec 2024−9.1 pp

Mar 2025+1.5 pp

Jun 2025−6.0 pp

Sep 2025−2.8 pp

Dec 2025+12.8 pp

Mar 2026−3.6 pp

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−19.3 pp

Sep 2022−33.3 pp

Dec 2022−10.0 pp

Mar 2023−50.7 pp

Jun 2023−2.1 pp

Sep 2023+5.3 pp

Dec 2023+29.1 pp

Mar 2024+31.7 pp

Jun 2024+12.9 pp

Sep 2024−18.3 pp

Dec 2024+1.7 pp

Mar 2025+1.5 pp

Jun 2025−21.2 pp

Sep 2025+16.6 pp

Dec 2025−10.2 pp

Mar 2026−10.0 pp

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−34.1 pp

Dec 2023−16.4 pp

Mar 2024−5.9 pp

Jun 2024+36.8 pp

Sep 2024+22.9 pp

Dec 2024−15.2 pp

Mar 2025−32.1 pp

Jun 2025+5.0 pp

Sep 2025+8.1 pp

Dec 2025−45.2 pp

Mar 2026+45.8 pp

Jun 2026—

TransAlta Corporation · TAC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−8.0 pp

Sep 2022+67.2 pp

Dec 2022−0.2 pp

Mar 2023−0.5 pp

Jun 2023+14.4 pp

Sep 2023+31.0 pp

Dec 2023−0.5 pp

Mar 2024−5.6 pp

Jun 2024+8.3 pp

Sep 2024−35.8 pp

Dec 2024−2.5 pp

Mar 2025−21.5 pp

Jun 2025−27.8 pp

Sep 2025−12.5 pp

Dec 2025+4.3 pp

Mar 2026+3.1 pp

Jun 2026—

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−108.4 pp

Sep 2022+13.4 pp

Dec 2022−29.2 pp

Mar 2023+34.8 pp

Jun 2023+124.5 pp

Sep 2023+3.0 pp

Dec 2023+5.8 pp

Mar 2024−22.8 pp

Jun 2024+2.5 pp

Sep 2024+20.8 pp

Dec 2024+11.5 pp

Mar 2025−5.9 pp

Jun 2025−8.9 pp

Sep 2025−20.3 pp

Dec 2025−4.5 pp

Mar 2026+29.7 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

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%. 8 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

Coverage8/10 companies · 168 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%

Net profit · company comparison

8/10 level · 3/10 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Constellation Energy Corporation CEG	$1.6B	1,143%	Mar 2026
Vistra Corp. VST	$1.0B	-52%	Mar 2026
NRG Energy, Inc. NRG	$125M	-83%	Mar 2026
Talen Energy Corporation TLN	$63M	-634%	Mar 2026
Kenon Holdings Ltd. KEN	$34M	26%	Mar 2026
TransAlta Corporation TAC	$17M	-60%	Jun 2026
Digi Power X Inc. DGXX	$-5M	-140%	Mar 2026
Hallador Energy Company HNRG	$-9M	-190%	Mar 2026
Fervo Energy Company FRVO	$-32M	—	Mar 2026
Oklo Inc. OKLO	$-33M	-900%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021$633M

Dec 2021$39M

Mar 2022$111M

Jun 2022$-113M

Sep 2022$-193M

Dec 2022$28M

Mar 2023$102M

Jun 2023$824M

Sep 2023$690M

Dec 2023$-39M

Mar 2024$883M

Jun 2024$809M

Sep 2024$1.2B

Dec 2024$850M

Mar 2025$129M

Jun 2025$833M

Sep 2025$929M

Dec 2025$432M

Mar 2026$1.6B

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021$-2M

Dec 2021$-3M

Mar 2022$13M

Jun 2022$-3M

Sep 2022$1M

Dec 2022$-10M

Mar 2023$-9M

Jun 2023$-3M

Sep 2023$0M

Dec 2023$-10M

Mar 2024$5M

Jun 2024$-5M

Sep 2024$-9M

Dec 2024$-9M

Mar 2025$-2M

Jun 2025$-10M

Sep 2025$-4M

Dec 2025$-3M

Mar 2026$-5M

Jun 2026—

Fervo Energy Company · FRVO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025$-9M

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026$-32M

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021$8M

Dec 2021$-8M

Mar 2022$-10M

Jun 2022$-3M

Sep 2022$2M

Dec 2022$30M

Mar 2023$22M

Jun 2023$17M

Sep 2023$16M

Dec 2023$-10M

Mar 2024$-2M

Jun 2024$-10M

Sep 2024$2M

Dec 2024$-216M

Mar 2025$10M

Jun 2025$8M

Sep 2025$24M

Dec 2025$0M

Mar 2026$-9M

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021$170M

Dec 2021$374M

Mar 2022$657M

Jun 2022$257M

Sep 2022$271M

Dec 2022$-835M

Mar 2023$5M

Jun 2023$-37M

Sep 2023$-190M

Dec 2023$12M

Mar 2024$10M

Jun 2024$107M

Sep 2024$54M

Dec 2024$463M

Mar 2025$27M

Jun 2025$6M

Sep 2025$67M

Dec 2025$48M

Mar 2026$34M

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021$1.6B

Dec 2021$-427M

Mar 2022$1.7B

Jun 2022$513M

Sep 2022$67M

Dec 2022$-1.1B

Mar 2023$-1.3B

Jun 2023$308M

Sep 2023$343M

Dec 2023$482M

Mar 2024$511M

Jun 2024$738M

Sep 2024$-767M

Dec 2024$643M

Mar 2025$750M

Jun 2025$-104M

Sep 2025$152M

Dec 2025$66M

Mar 2026$125M

Jun 2026—

Oklo Inc. · OKLO

Sep 2021$-1M

Dec 2021—

Mar 2022$0M

Jun 2022$0M

Sep 2022$1M

Dec 2022$3M

Mar 2023$3M

Jun 2023$-4M

Sep 2023$-9M

Dec 2023$-14M

Mar 2024$-24M

Jun 2024$-27M

Sep 2024$-10M

Dec 2024$-12M

Mar 2025$-10M

Jun 2025$-25M

Sep 2025$-30M

Dec 2025$-41M

Mar 2026$-33M

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$-300M

Dec 2022$161M

Mar 2023$46M

Jun 2023$450M

Sep 2023$-76M

Dec 2023$188M

Mar 2024$319M

Jun 2024$458M

Sep 2024$168M

Dec 2024$68M

Mar 2025$-135M

Jun 2025$72M

Sep 2025$207M

Dec 2025$-363M

Mar 2026$63M

Jun 2026—

TransAlta Corporation · TAC

Sep 2021$-419M

Dec 2021$-35M

Mar 2022$206M

Jun 2022$-59M

Sep 2022$96M

Dec 2022$-82M

Mar 2023$334M

Jun 2023$97M

Sep 2023$419M

Dec 2023$-54M

Mar 2024$238M

Jun 2024$66M

Sep 2024$-22M

Dec 2024$-43M

Mar 2025$42M

Jun 2025$-106M

Sep 2025$-54M

Dec 2025$-40M

Mar 2026$17M

Jun 2026—

Vistra Corp. · VST

Sep 2021$10M

Dec 2021$730M

Mar 2022$-284M

Jun 2022$-1.4B

Sep 2022$678M

Dec 2022$-248M

Mar 2023$698M

Jun 2023$476M

Sep 2023$502M

Dec 2023$-184M

Mar 2024$18M

Jun 2024$467M

Sep 2024$1.8B

Dec 2024$490M

Mar 2025$-268M

Jun 2025$327M

Sep 2025$652M

Dec 2025$233M

Mar 2026$1.0B

Jun 2026—

Profit growth · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-969%

Sep 2022-130%

Dec 2022-28%

Mar 2023-8.1%

Jun 2023—

Sep 2023—

Dec 2023-239%

Mar 2024766%

Jun 2024-1.8%

Sep 202473%

Dec 2024—

Mar 2025-85%

Jun 20253.0%

Sep 2025-22%

Dec 2025-49%

Mar 20261,143%

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-130%

Sep 2022—

Dec 2022—

Mar 2023-169%

Jun 2023—

Sep 2023-100%

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025-140%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-75%

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023700%

Dec 2023-133%

Mar 2024-109%

Jun 2024-159%

Sep 2024-88%

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20251,100%

Dec 2025—

Mar 2026-190%

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202267%

Sep 202259%

Dec 2022-323%

Mar 2023-99%

Jun 2023-114%

Sep 2023-170%

Dec 2023—

Mar 2024100%

Jun 2024—

Sep 2024—

Dec 20243,758%

Mar 2025170%

Jun 2025-94%

Sep 202524%

Dec 2025-90%

Mar 202626%

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-52%

Sep 2022-96%

Dec 2022—

Mar 2023-177%

Jun 2023-40%

Sep 2023412%

Dec 2023—

Mar 2024—

Jun 2024140%

Sep 2024-324%

Dec 202433%

Mar 202547%

Jun 2025-114%

Sep 2025—

Dec 2025-90%

Mar 2026-83%

Jun 2026—

Oklo Inc. · OKLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-1,000%

Dec 2023-567%

Mar 2024-900%

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202317%

Mar 2024593%

Jun 20241.8%

Sep 2024—

Dec 2024-64%

Mar 2025-142%

Jun 2025-84%

Sep 202523%

Dec 2025-634%

Mar 2026—

Jun 2026—

TransAlta Corporation · TAC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-311%

Sep 2022—

Dec 2022—

Mar 202362%

Jun 2023—

Sep 2023336%

Dec 2023—

Mar 2024-29%

Jun 2024-32%

Sep 2024-105%

Dec 2024—

Mar 2025-82%

Jun 2025-261%

Sep 2025—

Dec 2025—

Mar 2026-60%

Jun 2026—

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-3,977%

Sep 20226,680%

Dec 2022-134%

Mar 2023—

Jun 2023—

Sep 2023-26%

Dec 2023—

Mar 2024-97%

Jun 2024-1.9%

Sep 2024266%

Dec 2024—

Mar 2025-1,589%

Jun 2025-30%

Sep 2025-65%

Dec 2025-52%

Mar 2026—

Jun 2026—

08 · compare level, then change

Return On Capital Employed

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%

4TransAlta Corporation TAC2.0%

5NRG Energy, Inc. NRG1.5%

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

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Vistra Corp. VST	5.0%	+5.4 pp	Mar 2026
Constellation Energy Corporation CEG	3.6%	+2.6 pp	Mar 2026
Talen Energy Corporation TLN	2.8%	+4.5 pp	Mar 2026
TransAlta Corporation TAC	2.0%	+2.0 pp	Jun 2026
NRG Energy, Inc. NRG	1.5%	−5.6 pp	Mar 2026
Kenon Holdings Ltd. KEN	0.1%	−0.1 pp	Mar 2026
Hallador Energy Company HNRG	-2.5%	−7.0 pp	Mar 2026
Fervo Energy Company FRVO	-3.3%	0.0 pp	Mar 2026
Oklo Inc. OKLO	-3.5%	+2.5 pp	Mar 2026
Digi Power X Inc. DGXX	-10%	+10.9 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Constellation Energy Corporation · CEG

Sep 20212.4%

Dec 20210.0%

Mar 20222.2%

Jun 20221.4%

Sep 2022-0.1%

Dec 2022-0.4%

Mar 20230.1%

Jun 20231.7%

Sep 20232.4%

Dec 2023-0.2%

Mar 20241.9%

Jun 20242.5%

Sep 20243.3%

Dec 20242.1%

Mar 20251.0%

Jun 20252.1%

Sep 20252.3%

Dec 20251.3%

Mar 20263.6%

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021-8.8%

Dec 2021-8.8%

Mar 20220.8%

Jun 2022-25%

Sep 2022-3.0%

Dec 2022-17%

Mar 2023-5.1%

Jun 2023-7.1%

Sep 2023-6.2%

Dec 2023-18%

Mar 20242.0%

Jun 2024-24%

Sep 2024-20%

Dec 2024-33%

Mar 2025-21%

Jun 2025-3.6%

Sep 2025-15%

Dec 2025-3.2%

Mar 2026-10%

Jun 2026—

Fervo Energy Company · FRVO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.0%

Dec 20240.0%

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 20250.0%

Mar 2026-3.3%

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021-0.4%

Dec 2021-1.1%

Mar 2022-3.5%

Jun 2022-0.3%

Sep 20222.1%

Dec 202210%

Mar 20239.7%

Jun 20236.0%

Sep 20237.5%

Dec 2023-2.5%

Mar 20240.7%

Jun 2024-1.8%

Sep 20241.1%

Dec 2024-67%

Mar 20254.5%

Jun 20254.0%

Sep 20259.5%

Dec 20252.6%

Mar 2026-2.5%

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 20211.5%

Dec 20210.1%

Mar 20220.4%

Jun 2022-0.4%

Sep 20220.6%

Dec 2022-0.3%

Mar 20230.2%

Jun 2023-0.2%

Sep 20231.1%

Dec 20230.2%

Mar 20240.2%

Jun 20240.3%

Sep 20241.1%

Dec 2024-0.1%

Mar 20250.2%

Jun 2025-0.1%

Sep 20250.9%

Dec 20250.5%

Mar 20260.1%

Jun 2026—

NRG Energy, Inc. · NRG

Sep 202118%

Dec 2021-3.4%

Mar 202216%

Jun 20224.6%

Sep 20220.9%

Dec 2022-8.4%

Mar 2023-8.3%

Jun 20232.9%

Sep 20233.0%

Dec 20235.1%

Mar 20244.9%

Jun 20247.7%

Sep 2024-4.6%

Dec 20246.0%

Mar 20257.1%

Jun 20250.0%

Sep 20252.5%

Dec 20251.6%

Mar 20261.5%

Jun 2026—

Oklo Inc. · OKLO

Sep 2021-0.1%

Dec 2021—

Mar 2022-0.1%

Jun 2022-0.2%

Sep 2022-0.1%

Dec 2022-0.1%

Mar 2023-0.2%

Jun 2023-0.7%

Sep 2023-0.9%

Dec 2023-2.8%

Mar 2024-1.8%

Jun 2024-4.4%

Sep 2024-3.0%

Dec 2024-11%

Mar 2025-6.0%

Jun 2025-5.5%

Sep 2025-4.8%

Dec 2025-6.4%

Mar 2026-3.5%

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202211%

Dec 202213%

Mar 20233.5%

Jun 2023-4.2%

Sep 20230.1%

Dec 20231.6%

Mar 20240.4%

Jun 20240.4%

Sep 20242.5%

Dec 20240.3%

Mar 2025-1.7%

Jun 20251.1%

Sep 20254.4%

Dec 2025-4.0%

Mar 20262.8%

Jun 2026—

TransAlta Corporation · TAC

Sep 2021-5.2%

Dec 20210.3%

Mar 20223.8%

Jun 20220.3%

Sep 20222.4%

Dec 20220.4%

Mar 20235.8%

Jun 20231.6%

Sep 20236.8%

Dec 20230.3%

Mar 20244.6%

Jun 20242.2%

Sep 20241.3%

Dec 20240.1%

Mar 20251.4%

Jun 20250.0%

Sep 20250.2%

Dec 20250.5%

Mar 20261.3%

Jun 20262.0%

Vistra Corp. · VST

Sep 20210.5%

Dec 20213.9%

Mar 2022-1.3%

Jun 2022-7.5%

Sep 20223.9%

Dec 2022-0.4%

Mar 20234.9%

Jun 20232.6%

Sep 20233.6%

Dec 20230.4%

Mar 20240.3%

Jun 20243.1%

Sep 20249.7%

Dec 20242.3%

Mar 2025-0.4%

Jun 20251.8%

Sep 20253.5%

Dec 20251.6%

Mar 20265.0%

Jun 2026—

ROCE change · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.5 pp

Dec 2022−0.4 pp

Mar 2023−2.1 pp

Jun 2023+0.3 pp

Sep 2023+2.5 pp

Dec 2023+0.2 pp

Mar 2024+1.8 pp

Jun 2024+0.8 pp

Sep 2024+0.9 pp

Dec 2024+2.3 pp

Mar 2025−0.9 pp

Jun 2025−0.4 pp

Sep 2025−1.0 pp

Dec 2025−0.8 pp

Mar 2026+2.6 pp

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.8 pp

Dec 2022−8.6 pp

Mar 2023−5.9 pp

Jun 2023+17.5 pp

Sep 2023−3.2 pp

Dec 2023−0.1 pp

Mar 2024+7.1 pp

Jun 2024−16.9 pp

Sep 2024−13.3 pp

Dec 2024−15.6 pp

Mar 2025−22.9 pp

Jun 2025+20.4 pp

Sep 2025+4.4 pp

Dec 2025+29.9 pp

Mar 2026+10.9 pp

Jun 2026—

Fervo Energy Company · FRVO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026—

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.5 pp

Dec 2022+11.3 pp

Mar 2023+13.2 pp

Jun 2023+6.3 pp

Sep 2023+5.4 pp

Dec 2023−12.7 pp

Mar 2024−9.0 pp

Jun 2024−7.8 pp

Sep 2024−6.4 pp

Dec 2024−64.9 pp

Mar 2025+3.8 pp

Jun 2025+5.8 pp

Sep 2025+8.4 pp

Dec 2025+70.0 pp

Mar 2026−7.0 pp

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.9 pp

Dec 2022−0.4 pp

Mar 2023−0.2 pp

Jun 2023+0.2 pp

Sep 2023+0.5 pp

Dec 2023+0.5 pp

Mar 20240.0 pp

Jun 2024+0.5 pp

Sep 20240.0 pp

Dec 2024−0.3 pp

Mar 20250.0 pp

Jun 2025−0.4 pp

Sep 2025−0.2 pp

Dec 2025+0.6 pp

Mar 2026−0.1 pp

Jun 2026—

NRG Energy, Inc. · NRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−16.8 pp

Dec 2022−5.0 pp

Mar 2023−23.8 pp

Jun 2023−1.7 pp

Sep 2023+2.1 pp

Dec 2023+13.5 pp

Mar 2024+13.2 pp

Jun 2024+4.8 pp

Sep 2024−7.6 pp

Dec 2024+0.9 pp

Mar 2025+2.2 pp

Jun 2025−7.7 pp

Sep 2025+7.1 pp

Dec 2025−4.4 pp

Mar 2026−5.6 pp

Jun 2026—

Oklo Inc. · OKLO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.0 pp

Dec 2022—

Mar 2023−0.1 pp

Jun 2023−0.5 pp

Sep 2023−0.8 pp

Dec 2023−2.7 pp

Mar 2024−1.6 pp

Jun 2024−3.7 pp

Sep 2024−2.1 pp

Dec 2024−7.9 pp

Mar 2025−4.2 pp

Jun 2025−1.1 pp

Sep 2025−1.8 pp

Dec 2025+4.3 pp

Mar 2026+2.5 pp

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−11.1 pp

Dec 2023−11.2 pp

Mar 2024−3.1 pp

Jun 2024+4.6 pp

Sep 2024+2.4 pp

Dec 2024−1.3 pp

Mar 2025−2.1 pp

Jun 2025+0.7 pp

Sep 2025+1.9 pp

Dec 2025−4.3 pp

Mar 2026+4.5 pp

Jun 2026—

TransAlta Corporation · TAC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+7.6 pp

Dec 2022+0.1 pp

Mar 2023+2.0 pp

Jun 2023+1.3 pp

Sep 2023+4.4 pp

Dec 2023−0.1 pp

Mar 2024−1.2 pp

Jun 2024+0.6 pp

Sep 2024−5.5 pp

Dec 2024−0.2 pp

Mar 2025−3.2 pp

Jun 2025−2.2 pp

Sep 2025−1.1 pp

Dec 2025+0.4 pp

Mar 2026−0.1 pp

Jun 2026+2.0 pp

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.4 pp

Dec 2022−4.3 pp

Mar 2023+6.2 pp

Jun 2023+10.1 pp

Sep 2023−0.3 pp

Dec 2023+0.8 pp

Mar 2024−4.6 pp

Jun 2024+0.5 pp

Sep 2024+6.1 pp

Dec 2024+1.9 pp

Mar 2025−0.7 pp

Jun 2025−1.3 pp

Sep 2025−6.2 pp

Dec 2025−0.7 pp

Mar 2026+5.4 pp

Jun 2026—

09 · compare level, then change

Valuation Against Growth & Quality

Vistra Corp. has the lowest 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 PEG at 0.38×, 66.7% below Constellation Energy Corporation. Only 2 of 10 companies have earnings and growth steady enough for the ratio to mean anything, 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

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 TAC34.5

Valuation · company comparison

2/10 level · 8/10 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Constellation Energy Corporation CEG	1.1	24.3	Mar 2026
Vistra Corp. VST	0.4	25.2	Mar 2026
NRG Energy, Inc. NRG	—	166.1	Mar 2026
Talen Energy Corporation TLN	—	92.1	Mar 2026
TransAlta Corporation TAC	—	34.5	Jun 2026
Kenon Holdings Ltd. KEN	—	53.5	Mar 2026
Hallador Energy Company HNRG	—	30.7	Mar 2026
Digi Power X Inc. DGXX	—	2.3	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.8

Jun 20251.2

Sep 2025—

Dec 2025—

Mar 20261.1

Jun 2026—

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.4

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Constellation Energy Corporation · CEG

Sep 2021—

Dec 2021—

Mar 202226.5

Jun 202229.1

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202338.5

Sep 202320.9

Dec 202323.3

Mar 202424.7

Jun 202426.7

Sep 202428.7

Dec 202418.8

Mar 202521.3

Jun 202533.7

Sep 202537.7

Dec 202547.7

Mar 202624.3

Jun 2026—

Digi Power X Inc. · DGXX

Sep 2021—

Dec 2021—

Mar 202210.1

Jun 202251.0

Sep 20224.5

Dec 20222.3

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Hallador Energy Company · HNRG

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202218.2

Mar 20239.8

Jun 20235.6

Sep 20237.6

Dec 20237.1

Mar 20246.3

Jun 202470.6

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202519.8

Mar 202630.7

Jun 2026—

Kenon Holdings Ltd. · KEN

Sep 20213.3

Dec 20213.0

Mar 20222.6

Jun 20221.5

Sep 20221.2

Dec 20225.7

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20248.7

Dec 20243.0

Mar 20252.8

Jun 20254.4

Sep 20255.0

Dec 202552.2

Mar 202653.5

Jun 2026—

NRG Energy, Inc. · NRG

Sep 20214.1

Dec 20214.8

Mar 20222.3

Jun 20222.7

Sep 20224.9

Dec 20226.2

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20249.7

Jun 20248.6

Sep 202423.3

Dec 202418.1

Mar 202515.5

Jun 202574.0

Sep 202524.4

Dec 202539.7

Mar 2026166.1

Jun 2026—

Talen Energy Corporation · TLN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20237.9

Sep 20235.2

Dec 202328.3

Mar 20246.4

Jun 20247.6

Sep 20249.3

Dec 202411.4

Mar 202520.7

Jun 202582.4

Sep 202592.1

Dec 2025—

Mar 2026—

Jun 2026—

TransAlta Corporation · TAC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202237.0

Dec 20221,211.0

Mar 202328.1

Jun 202313.1

Sep 20235.6

Dec 20234.7

Mar 20244.2

Jun 20244.8

Sep 202427.5

Dec 202434.5

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Vistra Corp. · VST

Sep 2021—

Dec 2021—

Mar 202228.7

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20237.2

Sep 20239.8

Dec 202310.8

Mar 202442.7

Jun 202463.2

Sep 202422.1

Dec 202419.7

Mar 202518.5

Jun 202530.9

Sep 202570.7

Dec 202574.0

Mar 202625.2

Jun 2026—

10 · 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 5 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.

11 · evidence and freshness

How was this comparison built?

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 Jun 2026 and market data through 2026-08-04.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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.

12 · questions investors ask, short speakable answers

Utilities - Independent Power Producers company comparison FAQs

These 22 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 Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Utilities - Independent Power Producers sector outperforming S&P 500?

Which Utilities - Independent Power Producers company is largest by revenue?

NRG Energy, Inc. leads with revenue of $32,384 million, based on 7 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 7 of 10 comparable companies.

Which Utilities - Independent Power Producers company has the strongest 4-Factor Sector Score?

Constellation Energy Corporation ranks first at 66.1/100 with 81.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Utilities - Independent Power Producers company has the lowest comparable PEG?

Vistra Corp. has the lowest comparable PEG at 0.38, among 2 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Utilities - Independent Power Producers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.

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 7 of 10 companies with comparable reporting through Mar 2026.

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 8 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 PEG — where a LOWER number is cheaper — Vistra Corp. screens cheapest at 0.38×. Only 2 of 10 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Utilities - Independent Power Producers sector beating the market?

Utilities - Independent Power Producers has underperformed S&P 500 by 17.9% over the last 52 weeks and 24.6% 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?

Digi Power X Inc. 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 66.1 out of 100 with 81.1% evidence confidence, from 26.5 points on growth and earnings, 16.3 on capital efficiency, 13.9 on valuation and 9.4 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, ending Jun 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 $207,607 million of combined market value. Constellation Energy Corporation is the largest at $95,436 million, about 46% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

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 34.5×, 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 2026-08-04.

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 17.9% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

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 Jun 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.