Enel vs Naturgy (ENEL.MI vs NTGY)

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

Enel (ENEL.MI) and Naturgy (NTGY) compete in utilities and renewables. Here are Enel 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 Enel or Naturgy.

Enel vs Naturgy: the figures

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

3 key differences between Enel and Naturgy

1. Valuation: Enel trades at 23.0x its annual earnings and Naturgy at 13.6x; the market pays more for each dollar of Enel profit, usually because it expects more growth.
2. Dividend: Naturgy yields 8.13% at today's price and Enel yields 5.58%.
3. Profitability: for every 100 of sales, Naturgy keeps 10.4 as net profit and Enel keeps 5.7.

Enel or Naturgy: which fits your profile

• If you want growth: Naturgy 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: Naturgy 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 Enel 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 Enel and Naturgy make money

Enel (ENEL.MI)

Enel generates and sells electricity and gas. It reports business lines such as Enel Grids (regulated distribution networks), Enel Green Power and conventional generation, and End-user Markets, which supplies power and gas to homes and businesses. Its main countries are Italy, Spain through Endesa, and several in Latin America. Full Enel 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: Enel vs Naturgy

Is Enel or Naturgy the better stock?

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

Which pays a higher dividend, Enel or Naturgy?

As of November 4, 2026, Naturgy yields 8.13% and Enel yields 5.58%. Also check how much of their profit Enel and Naturgy pay out: if it is more than they earn, it cannot last.

Which is more expensive, Enel or Naturgy?

On P/E, Enel (23.0x) 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 Enel and Naturgy?

Yes. Many people spread their money across several companies, such as Enel 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 Enel or Naturgy.

More comparisons with Enel or Naturgy

• Enel vs Redeia
• Enel vs Enagás
• Naturgy vs Redeia
• Enagás vs Naturgy

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