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Consolidated Edison
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Arincen37/100B

Consolidated Edison financials

Yes. Consolidated Edison earned 2.30B USD of net income over the last twelve months, 12.7% of its revenue. It made a profit in 41 of its 41 fiscal years since 1985.

Revenue (TTM)
18.07B USD
Net income (TTM)
2.30B USD
Free cash flow (TTM)
-1.05B USD
Cash and short-term investments
100.00M USD
Total debt
27.99B USD
Shareholders' equity
26.30B USD

Cash, debt and equity as of 30 Sept 2026.

Consolidated Edison earnings

Next earnings · Q4 FY2026
EPS estimate
1.03 USD
Revenue estimate
4.10B USD
Last quarter · Q3 FY2026
EPS2.07Beat +2.0%Revenue4.91BBeat +3.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20261.03——+15.73%4.10B——+2.58%
Q3 FY20262.032.07+1.97%+8.95%4.75B4.91B+3.46%+8.45%
Q2 FY20260.760.83+9.79%+23.88%3.60B4.07B+13.11%+13.18%
Q1 FY20262.282.17-4.82%-3.56%5.22B5.10B-2.42%+6.19%
Q4 FY20250.860.89+3.97%-9.18%3.61B4.00B+10.60%+8.89%
Q3 FY20251.741.90+9.20%+13.10%4.22B4.53B+7.44%+10.70%
Q2 FY20250.640.67+4.52%+13.56%3.46B3.60B+3.85%+11.65%

Consolidated Edison growth and profitability

Full income statement
Revenue (TTM)
18.07B USD
Net income (TTM)
2.30B USD
Gross margin
50.76%
Operating margin
18.74%
Net margin
12.70%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202516.92B+10.89%2.02B+11.15%62.02%17.32%11.96%6.15B+12.24%
FY202415.26B+4.16%1.82B-27.75%63.99%17.50%11.93%5.48B-9.60%
FY202314.65B-6.50%2.52B+51.75%61.17%21.82%17.20%6.06B+17.37%
FY202215.67B+14.57%1.66B+23.33%60.98%16.69%10.60%5.17B+18.14%
FY202113.67B+11.72%1.35B+22.25%65.01%20.67%9.84%4.37B+6.43%

How Consolidated Edison makes its money

Electricity12.60B 74.5%
Oil and Gas, Purchased3.61B 21.3%
Steam703.00M 4.2%
Non-Utility Products And Services3.00M 0.0%
Revenue16.92B 100.0%
Cost of revenue6.43B 38.0%
Gross profit10.49B 62.0%
Selling and administration3.80B 22.5%
Other operating expenses3.76B 22.2%
Operating income2.93B 17.3%
Tax574.00M 3.4%
Other expense334.00M 2.0%
Net income2.02B 12.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Consolidated Edison revenue breakdown

By product

FY2025
Electricity: 74.5%Oil and Gas, Purchased: 21.3%Steam: 4.2%Non-Utility Products And Services: 0.0%74.5%Electricity21.3%Oil and Gas, Purchased4.2%Steam
SegmentRevenueShare of revenueChange on the year
Electricity12.60B74.5%+16.3%
Oil and Gas, Purchased3.61B21.3%+15.4%
Steam703.00M4.2%+23.6%
Non-Utility Products And Services3.00M0.0%—

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20254.80B36.00M
FY20243.61B-1.16B
FY20232.16B-2.34B
FY20223.94B-233.00M
FY20212.73B-1.22B
FY20202.20B-1.71B
FY20193.13B-352.00M
FY20182.70B-802.00M
FY20173.37B-76.00M
FY20163.46B-221.00M

Consolidated Edison financial health

Full balance sheet
Cash and short-term investments
100.00M USD
Total debt
27.99B USD
Net cash
-27.89B USD
Free cash flow (TTM)
-1.05B USD
Current ratio
1.18
Debt to equity
1.06
Piotroski score
6 / 9
Altman Z-score
1.24

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.63B28.75B36.00M
FY20241.32B27.83B-1.16B
FY20231.19B25.01B-2.34B
FY20221.28B24.42B-233.00M
FY2021992.00M25.36B-1.22B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202574.60B50.41B24.19B
FY202470.56B48.60B21.96B
FY202366.33B45.17B21.16B
FY202269.07B48.18B20.69B
FY202163.12B42.78B20.04B
FY202062.90B43.83B18.85B
FY201958.08B39.87B18.02B
FY201853.92B37.08B16.73B
FY201748.11B32.69B15.42B
FY201648.26B33.95B14.30B

Consolidated Edison valuation

Price to earnings ratio (TTM)
18.98
Forward P/E (FY2026)
19.51
Price to sales (TTM)
2.45
Price to book
1.68
EV / EBITDA (TTM)
10.90

Capital structure

Market capitalization
44.24B USD
+
Total debt
27.99B USD
−
Cash and short-term investments
100.00M USD
=
Enterprise value
72.12B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.21————
FY2027 (est.)18.3517.21———
FY2026 (est.)19.5118.35———
Now (TTM)18.9818.502.451.6810.90
FY202517.5515.682.101.4710.18
FY202416.9615.682.021.4110.47
FY202312.5616.982.161.499.15
FY202220.3718.932.161.6311.02
FY202122.1018.772.171.4812.37

Consolidated Edison against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Entergy Louisiana, LLC COLLATERAL TR MT, Exelon, WEC Energy Group, Xcel Energy, Entergy, and Public Service Enterprise Group, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median19.0
    11.725.9
  • Gross marginAt its median62.0%
    61.0%65.0%
    Against its peers: 3 of 7Peers' median 48.9%
  • Operating marginBelow its median17.3%
    16.7%21.8%
    Against its peers: 7 of 7Peers' median 23.9%
  • Net marginAbove its median12.0%
    9.8%17.2%
    Against its peers: 6 of 7Peers' median 13.7%
  • Return on equityAbove its median8.4%
    6.7%11.9%
    Against its peers: 7 of 7Peers' median 10.4%
  • Free cash flow marginHighest in 5 years0.2%
    -16.0%0.2%
    Against its peers: 2 of 7Peers' median -16.0%
  • Revenue growthAt its median10.9%
    -6.5%14.6%
    Against its peers: 3 of 7Peers' median 9.1%
  • EPS growthBelow its median7.6%
    -27.3%54.4%
    Against its peers: 5 of 7Peers' median 15.4%
  • Debt to EBITDABelow its median4.67×
    4.13×5.80×
    Against its peers: 2 of 7Peers' median 5.28×
  • Current ratioBelow its median1.02
    1.011.14
    Against its peers: 1 of 6Peers' median 0.73

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Consolidated Edison dividends

Annual dividend
3.55 USD
Dividend yield (indicated)
2.98%
Payout ratio
70.06%
Years of dividend growth
52
Frequency
Quarterly
Next payment
0.89 USD
Next ex-dividend date
18 Nov 2026
Next payment date
15 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.403.323.243.163.103.062.962.862.762.68

Consolidated Edison ownership

Institutions
78.95%
Institutional holders
1,465 (+12)
Free float
99.82%

Who owns the shares

Institutions 78.9% Others 21.1%
As of 30 Jun 2026

Shares free to trade

Free float 370.47M shares ·99.8% Closely held 666.68K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 2026101.76K8.52K
Q2 20261016.40K0.00
Q1 202612270.46K130.97K
Q4 20251142.30K58.79K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025357.40M358.70M+3.28%
FY2024346.00M347.30M-0.57%
FY2023347.70M349.30M-1.83%
FY2022354.50M355.80M+1.83%
FY2021348.40M349.40M+4.08%

Common questions about Consolidated Edison's financials

Source: Financial Modeling Prep