Endesa vs Naturgy (ELE vs NTGY)

Endesa (ELE) vs Naturgy (NTGY) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.

Endesa (ELE) and Naturgy (NTGY) compete in utilities and renewables. Here are Endesa and Naturgy side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Endesa or Naturgy.

Endesa vs Naturgy: the figures

Endesa and Naturgy figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Endesa or Naturgy figure is not available, and we never estimate it.

3 key differences between Endesa and Naturgy

1. Dividend: Naturgy yields 8.13% at today's price and Endesa yields 3.62%.
2. Growth: Endesa grew sales +27.0% year on year in its latest quarter, against +14.1% for Naturgy.
3. Valuation: Endesa trades at 18.8x its annual earnings and Naturgy at 13.6x; the market pays more for each dollar of Endesa profit, usually because it expects more growth.

Endesa or Naturgy: which fits your profile

• If you want growth: Endesa is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
• If you want income (dividends): Naturgy pays the higher dividend relative to its price.
• If you prefer caution: Endesa has less debt relative to its profit, which usually gives more room in a bad year.
• If price is what matters most to you: Naturgy trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.

Neither Endesa nor Naturgy wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.

How Endesa and Naturgy make money

Endesa (ELE)

Endesa, controlled by Italy's Enel, generates power from nuclear, hydro, combined-cycle and renewable plants and sells electricity and gas to homes and businesses in Spain and Portugal, which brings in most of its revenue. Its other major business is regulated distribution through e-distribución, which carries power to customers' meters. Full Endesa analysis.

Naturgy (NTGY)

Naturgy runs two main areas. One is regulated gas and electricity distribution networks in Spain and several Latin American countries. The other covers power generation from combined-cycle and renewable plants, liquefied natural gas supply, and electricity and gas sales to homes, shops and industry, which account for most of its revenue. Full Naturgy analysis.

Frequently asked questions: Endesa vs Naturgy

Is Endesa or Naturgy the better stock?

Choosing between Endesa and Naturgy depends on what you are looking for. Endesa is growing faster right now, and Naturgy trades on the lower P/E. Fintols does not tell you whether to buy Endesa or Naturgy: it shows you the differences so you can decide.

Which pays a higher dividend, Endesa or Naturgy?

As of November 4, 2026, Naturgy yields 8.13% and Endesa yields 3.62%. Also check how much of their profit Endesa and Naturgy pay out: if it is more than they earn, it cannot last.

Which is more expensive, Endesa or Naturgy?

On P/E, Endesa (18.8x) is more expensive than Naturgy (13.6x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.

Can I own both Endesa and Naturgy?

Yes. Many people spread their money across several companies, such as Endesa and Naturgy, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Endesa or Naturgy.

More comparisons with Endesa or Naturgy

• Endesa vs Iberdrola
• Endesa vs Solaria
• American Electric Power vs Endesa
• Naturgy vs Redeia

More companies like Endesa and Naturgy: utilities and renewables stocks. Educational content about Endesa and Naturgy, not investment advice.