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Consolidated Edison vs Exelon: revenue, profit, margins and growth compared

Consolidated Edison brought in $17B of revenue in fiscal 2025, Exelon $24.3B in fiscal 2025. Revenue changed by +10.2% at Consolidated Edison and +5.3% at Exelon on the year before, so Consolidated Edison grew faster. Consolidated Edison kept 11.9% of its revenue as net profit, Exelon 11.4%.

Side by side, latest fiscal year

EDEXC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17B$24.3B
Revenue growth+10.2%+5.3%
Net income$2B$2.8B
Net margin11.9%11.4%
Free cash flown/a-$2.3B
Free cash flow marginn/a-9.4%
Earnings per share (diluted)$5.64n/a
Cash$1.6B$626M
Debt$25.8B$49.4B
Price to earnings18.3n/a
Market value$38.1B$41.6B
Dividend yieldn/a3.97%
Rank by revenue in sector#15 of 109 · Utilities#10 of 109 · Utilities

Over the years

Revenue
ED FY2018: $12.3BED FY2019: $12.6BED FY2020: $12.2BED FY2021: $13.7BED FY2022: $15.7BED FY2023: $14.7BED FY2024: $15.5BED FY2025: $17BEXC FY2018: $36BEXC FY2019: $34.4BEXC FY2020: $16.7BEXC FY2021: $17.9BEXC FY2022: $19.1BEXC FY2023: $21.7BEXC FY2024: $23BEXC FY2025: $24.3BFY18FY19FY20FY21FY22FY23FY24FY25
ED $17BEXC $24.3B
Net income
ED FY2018: $1.4BED FY2019: $1.3BED FY2020: $1.1BED FY2021: $1.3BED FY2022: $1.7BED FY2023: $2.5BED FY2024: $1.8BED FY2025: $2BEXC FY2018: $2BEXC FY2019: $2.9BEXC FY2020: $2BEXC FY2021: $1.7BEXC FY2022: $2.2BEXC FY2023: $2.3BEXC FY2024: $2.5BEXC FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
ED $2BEXC $2.8B
Net margin
ED FY2018: 11.2%ED FY2019: 10.7%ED FY2020: 9.0%ED FY2021: 9.8%ED FY2022: 10.6%ED FY2023: 17.2%ED FY2024: 11.8%ED FY2025: 11.9%EXC FY2018: 5.6%EXC FY2019: 8.5%EXC FY2020: 11.8%EXC FY2021: 9.5%EXC FY2022: 11.4%EXC FY2023: 10.7%EXC FY2024: 10.7%EXC FY2025: 11.4%FY18FY19FY20FY21FY22FY23FY24FY25
ED 11.9%EXC 11.4%
Revenue growth
ED FY2019: +1.9%ED FY2020: -2.6%ED FY2021: +11.7%ED FY2022: +14.6%ED FY2023: -6.4%ED FY2024: +5.5%ED FY2025: +10.2%EXC FY2019: -4.3%EXC FY2020: -51.6%EXC FY2021: +7.7%EXC FY2022: +6.4%EXC FY2023: +13.9%EXC FY2024: +6.0%EXC FY2025: +5.3%FY19FY20FY21FY22FY23FY24FY25
ED +10.2%EXC +5.3%
Free cash flow
ED FY2018: -$2.6BED FY2019: -$542MED FY2020: -$1.9BED FY2021: -$1.2BED FY2022: -$530MEXC FY2018: $1.1BEXC FY2019: -$589MEXC FY2020: -$3.8BEXC FY2021: -$5BEXC FY2022: -$2.3BEXC FY2023: -$2.7BEXC FY2024: -$1.5BEXC FY2025: -$2.3BFY18FY19FY20FY21FY22FY23FY24FY25
ED -$530MEXC -$2.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Consolidated Edison and Exelon

Which is bigger by revenue, Consolidated Edison or Exelon?

Exelon is bigger by revenue: $24.3B in fiscal 2025, against $17B for Consolidated Edison in fiscal 2025.

Which keeps more of its revenue as profit, Consolidated Edison or Exelon?

Consolidated Edison had a net margin of 11.9% in fiscal 2025; Exelon had 11.4% in fiscal 2025.

Which grew revenue faster, Consolidated Edison or Exelon?

In their latest fiscal years revenue changed by +10.2% at Consolidated Edison and +5.3% at Exelon.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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