Exelon Corp. (EXC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.45	$0.43	-4.4%	—	—	—
Q4 26	$0.89	$0.91	+2.2%	—	—	—
Q3 26	$0.55	$0.59	+7.3%	—	—	—
Q2 26	$0.78	$0.86	+10.3%	—	—	—
Q1 26	$0.37	$0.39	+5.4%	—	—	—
Q4 25	$0.86	$0.92	+7.0%	—	—	—
Q3 25	$0.59	$0.64	+8.5%	—	—	—
Q2 25	$0.67	$0.71	+6.0%	—	—	—
Q1 25	$0.39	$0.47	+20.5%	—	—	—
Q4 24	$0.7	$0.68	-2.9%	—	—	—
Q3 24	$0.58	$0.6	+3.4%	—	—	—
Q2 24	$0.68	$0.67	-1.5%	—	—	—
Q1 24	$0.4	$0.41	+2.5%	—	—	—
Q4 23	$0.66	$0.7	+6.1%	—	—	—
Q3 23	$0.43	$0.43	0.0%	—	—	—
Q2 23	$0.7	$0.75	+7.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.71	—	—	$24.3B	—
FY24	—	$2.45	—	—	$23B	—
FY23	—	$2.34	—	—	$21.7B	—
FY22	—	$2.18	—	—	$19.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$31.4B	$33.6B	$36B	$34.4B	$33B	$17.9B	$19.1B	$21.7B	$23B	$24.3B
YoY change	+6.52%	+6.99%	+7.21%	-4.28%	-4.06%	-45.7%	+6.36%	+13.9%	+5.99%	+5.34%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	31.4B	33.6B	36B	34.4B	33B	17.9B	19.1B	21.7B	23B	24.3B
Cost of revenue	22.6B	24.1B	26B	24.1B	23.5B	10.9B	11B	12.8B	13.6B	13.8B
Gross profit	8.8B	9.5B	10B	10.3B	9.5B	7B	8B	8.9B	9.4B	10.4B
Gross margin	28%	28.3%	27.7%	30%	28.8%	39.1%	42.1%	41.1%	40.8%	42.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	3.3B	3.9B	3.8B	4.3B	2.8B	2.7B	3.3B	4B	4.3B	5.1B
Operating margin	10.4%	11.7%	10.7%	12.6%	8.47%	15%	17.4%	18.5%	18.7%	21.2%
Non-operating income, net	249M	1.4B	-56M	1.3B	1.2B	261M	533M	418M	274M	273M
Pretax income	2B	3.8B	2.2B	4B	2.3B	1.7B	2.4B	2.7B	2.7B	3.3B
Income tax	753M	-126M	118M	774M	373M	38M	349M	374M	207M	523M
Net income	1.2B	3.9B	2.1B	3B	2B	1.8B	2.2B	2.3B	2.5B	2.8B
Net margin	3.81%	11.5%	5.78%	8.79%	5.91%	10.2%	11.4%	10.7%	10.7%	11.4%
EBITDA	9.1B	10.3B	9.7B	11.3B	10.5B	9.4B	7.2B	7.9B	8.2B	9.1B
EPS	1.23	3.98	2.08	3.02	2.01	1.74	2.18	2.34	2.45	2.71
Diluted EPS	1.22	3.97	2.07	3.01	2.01	1.74	2.08	2.34	2.45	2.71

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	6B	5.4B	6B	5.4B	6.2B	5.5B	6.7B	5.4B	6.7B	5.4B	7.2B	6B
Cost of revenue	3.6B	3B	3.7B	3.2B	3.7B	3.1B	3.9B	3.2B	3.9B	2.9B	4.2B	3.6B
Gross profit	2.4B	2.3B	2.4B	2.2B	2.5B	2.4B	2.8B	2.2B	2.8B	2.5B	3B	2.4B
Gross margin	40.1%	43.2%	39.1%	40.3%	40.6%	43.6%	42.4%	40.7%	42.4%	46.5%	41.4%	39.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	1.1B	1.1B	1.1B	906M	1.2B	1.1B	1.5B	925M	1.5B	1.2B	1.6B	979M
Operating margin	18.8%	20.2%	18.4%	16.9%	19.4%	20.1%	22.9%	17%	22.4%	21.9%	22.2%	16.4%
Non-operating income, net	81M	87M	77M	71M	60M	66M	51M	67M	68M	87M	69M	90M
Pretax income	767M	717M	721M	494M	757M	696M	1.1B	461M	1B	721M	1.1B	495M
Income tax	67M	100M	63M	46M	50M	49M	170M	70M	155M	127M	200M	99M
Net income	700M	617M	658M	448M	707M	647M	908M	391M	875M	594M	919M	396M
Net margin	11.7%	11.5%	10.9%	8.36%	11.5%	11.8%	13.5%	7.2%	13%	11%	12.7%	6.64%
EBITDA	2.1B	2B	2.1B	1.9B	2.2B	2.1B	2.5B	1.9B	2.5B	2.2B	2.6B	2B
EPS	0.7	0.62	0.66	0.45	0.7	0.64	0.9	0.39	0.87	0.58	0.9	0.39
Diluted EPS	0.7	0.62	0.66	0.45	0.7	0.64	0.9	0.39	0.86	0.58	0.9	0.39

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	23.4B	26.6B	31.1B	31.6B	29.4B	40.3B	43B	35.8B	37.8B	44.6B	41.5B
Enterprise value	58.7B	61.1B	66.3B	68.9B	68.1B	74.2B	82.6B	79.3B	84.1B	94B	92.5B
Shares outstanding	924M	947M	967M	973M	976M	979M	994M	996M	1B	1B	1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.6	6.88	15	10.4	15	22.1	19.8	15.4	15.4	16.1	14.8
P/S	0.75	0.79	0.86	0.92	0.89	2.25	2.25	1.65	1.64	1.84	1.63
P/B	0.85	0.83	0.94	0.92	0.84	1.16	1.74	1.39	1.41	1.55	1.4
EV/EBITDA	6.42	5.92	6.84	6.07	6.5	7.91	11.5	10	10.3	10.4	11.1
EV/Sales	1.87	1.82	1.84	2	2.06	4.14	4.33	3.65	3.65	3.88	3.65
Earnings yield	5.11%	14.5%	6.68%	9.57%	6.65%	4.53%	5.05%	6.51%	6.5%	6.21%	6.77%
FCF yield	-0.39%	-0.39%	3.38%	-1.86%	-13%	-12.3%	-5.3%	-7.57%	-4.04%	-5.1%	-6.46%
PEG	—	—	—	—	—	—	—	—	—	—	13.2

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28%	28.3%	27.7%	30%	28.8%	39.1%	42.1%	41.1%	40.8%	42.9%	39.7%
Operating margin	10.4%	11.7%	10.7%	12.6%	8.47%	15%	17.4%	18.5%	18.7%	21.2%	16.6%
Net margin	3.81%	11.5%	5.78%	8.79%	5.91%	10.2%	11.4%	10.7%	10.7%	11.4%	11%
ROE	4.33%	12%	6.29%	8.76%	5.6%	5.26%	8.77%	9.04%	9.14%	9.61%	9.71%
ROA	1.04%	3.31%	1.74%	2.42%	1.51%	1.38%	2.28%	2.29%	2.28%	2.37%	2.81%
ROIC	3.21%	5.91%	5.32%	4.87%	3.2%	3.82%	4.4%	4.99%	5.43%	5.53%	5.41%
Return on tangible assets	1.18%	3.74%	1.96%	2.72%	1.69%	1.53%	2.64%	2.64%	2.6%	2.68%	2.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.92	1.1	1.17	0.85	0.98	0.87	0.69	0.81	0.87	0.92	1.09
Quick ratio	0.8	0.95	1.02	0.72	0.85	0.83	0.62	0.73	0.78	0.84	0.99
Debt / equity	1.3	1.11	1.11	1.09	1.13	0.99	1.62	1.71	1.73	1.74	1.77
Debt / assets	0.31	0.3	0.31	0.3	0.3	0.26	0.42	0.43	0.43	0.43	0.44
Net debt / EBITDA	3.86	3.34	3.63	3.28	3.69	3.61	5.52	5.5	5.67	5.46	5.45
Interest coverage	2.28	3.42	2.43	3.47	2.43	2.28	2.66	2.56	2.39	2.55	2.52
Effective tax rate	38.2%	0%	5.3%	19.4%	16%	2.3%	14.5%	13.8%	7.76%	15.9%	17.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	33.9	35.4	37.2	35.4	33.9	18.3	19.2	21.8	22.9	23.7	24.9
EPS (basic)	1.23	3.98	2.08	3.02	2.01	1.74	2.18	2.34	2.45	2.71	2.71
EPS (diluted)	1.22	3.97	2.07	3.01	2.01	1.74	2.08	2.34	2.45	2.71	2.72
Book value per share	29.9	34	34.2	35.5	35.7	35.5	24.9	25.9	26.8	28.2	28.8
FCF per share	-0.1	-0.11	1.09	-0.61	-3.91	-5.08	-2.29	-2.72	-1.52	-2.23	-1.89
Cash per share	0.69	1.17	1.4	0.6	0.68	0.69	0.41	0.45	0.36	0.61	1.76
Capex per share	—	—	—	—	—	—	—	—	—	8.34	8.99

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	35.2%	36%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	136.4%	126.6%
Payout ratio	97.5%	31.9%	64.1%	46.5%	76.4%	81.8%	61.4%	61.6%	62%	58.4%	60.3%
Dividend yield	4.99%	4.64%	4.28%	4.45%	5.08%	3.71%	3.1%	4.01%	4.03%	3.63%	4.17%

Yield

4.17%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.42

ex-dividend Sep 4, 2026

Payout ratio

60%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.42
Jun 4, 2026	$0.42
Mar 2, 2026	$0.42

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$6B	$5.4B	$6B	$5.4B	$6.2B	$5.5B	$6.7B	$5.4B	$6.7B	$5.4B	$7.2B	$6B
YoY change	+23.4%	+15%	+8.63%	+11.3%	+2.91%	+1.94%	+11.1%	+1.23%	+8.95%	-1.08%	+7.86%	+9.95%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	635M	1.1B	1.3B	587M	663M	672M	407M	445M	357M	626M
Receivables	4.2B	4.4B	4.6B	4.6B	3.2B	1.9B	2.2B	2.3B	2.7B	3.3B
Inventory	1.6B	1.7B	1.7B	1.8B	1.7B	581M	755M	801M	853M	868M
Total current assets	12.4B	11.9B	13.3B	12B	12.6B	14B	7.3B	7.8B	8.4B	9.5B
Property, plant & equipment	-7.3B	-10.8B	-12.7B	-14.5B	-17B	-10B	-10.6B	-11.8B	-13.3B	-13.4B
Goodwill & intangibles	13.4B	13.3B	13.6B	13.5B	13.4B	13.3B	13.3B	13.3B	13.3B	13.3B
Total assets	114.9B	116.8B	119.6B	125B	129.3B	133B	95.3B	101.5B	107.8B	116.6B
Accounts payable	3.4B	3.5B	3.8B	3.6B	3.6B	2.4B	3.4B	2.8B	3B	3.7B
Short-term debt	3.7B	3B	2.1B	6.1B	3.9B	3.4B	4.4B	3.9B	3.3B	2.3B
Total current liabilities	13.5B	10.8B	11.4B	14.2B	12.8B	16.1B	10.6B	9.6B	9.6B	10.3B
Long-term debt	32.2B	32.6B	34.5B	31.7B	35.5B	31.1B	35.7B	40.1B	43.3B	47.8B
Total liabilities	87.3B	84.6B	86.6B	90.4B	94.4B	98.2B	70.6B	75.8B	80.9B	87.8B
Shareholders' equity	27.6B	32.2B	33B	34.6B	34.9B	34.8B	24.7B	25.8B	26.9B	28.8B
Total debt	35.9B	35.6B	36.5B	37.8B	39.3B	34.5B	40B	44B	46.6B	50.1B
Net debt	35.3B	34.5B	35.2B	37.2B	38.7B	33.9B	39.6B	43.6B	46.3B	49.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	300M	445M	720M	934M	616M	357M	1B	724M	1.5B	626M	713M	1.8B
Receivables	2.2B	2.3B	2.5B	2.7B	2.5B	2.7B	3B	3.1B	2.9B	3.3B	3.1B	3.1B
Inventory	762M	801M	788M	824M	855M	853M	833M	868M	888M	868M	846M	894M
Total current assets	7.5B	7.8B	8.2B	8.6B	8B	8.4B	8.8B	8.7B	9.2B	9.5B	9B	9.8B
Property, plant & equipment	-16.8B	-11.8B	-17.7B	-18.2B	-18.2B	-13.3B	-19B	-19.4B	-19.6B	-13.4B	-20.7B	-21.2B
Goodwill & intangibles	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B	13.3B
Total assets	99.3B	101.5B	103.2B	105.1B	106.1B	107.8B	109.5B	111.1B	113.5B	116.6B	117.5B	120.5B
Accounts payable	2.7B	2.8B	2.8B	2.8B	2.6B	3B	2.7B	3B	3.2B	3.7B	3.1B	3.5B
Short-term debt	3.4B	3.9B	2.7B	2.8B	2B	3.3B	2.5B	2.9B	3.2B	2.3B	3B	2B
Total current liabilities	8.8B	9.6B	8B	8.3B	7.4B	9.6B	8.1B	9.2B	9.8B	10.3B	9.6B	9B
Long-term debt	39.8B	40.1B	42.7B	43.4B	44.1B	43.3B	45.7B	45.9B	46.7B	47.8B	48.2B	50.7B
Total liabilities	73.8B	75.8B	77.2B	79B	79.4B	80.9B	81.9B	83.5B	85.4B	87.8B	88.2B	90.8B
Shareholders' equity	25.5B	25.8B	26.1B	26.2B	26.6B	26.9B	27.6B	27.6B	28.1B	28.8B	29.3B	29.7B
Total debt	43.2B	44B	45.4B	46.2B	46.1B	46.6B	48.3B	48.8B	49.9B	50.1B	51.2B	52.7B
Net debt	42.9B	43.6B	44.6B	45.3B	45.5B	46.3B	47.3B	48.1B	48.4B	49.5B	50.5B	50.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.2B	3.9B	2.1B	3B	2B	1.8B	2.2B	2.3B	2.5B	2.8B
Depreciation & amortization	5.6B	5.4B	6B	5.8B	6.5B	6.4B	2.8B	2.8B	2.9B	3B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	333M	-1.3B	-676M	-1.9B	-4.4B	-4.8B	-2.3B	-900M	-1B	-1.8B
Operating cash flow	9.6B	7.8B	8.1B	7.4B	4.7B	3.3B	4.7B	4.6B	5.6B	6.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	-8.5B
Investing cash flow	-6.9B	-387M	-240M	-12M	3.7B	4.7B	157M	33M	55M	-8.5B
Dividends paid	-1.2B	-1.2B	-1.3B	-1.4B	-1.5B	-1.5B	-1.3B	-1.4B	-1.5B	-1.6B
Share repurchases	-190M	0	0	—	—	—	—	—	—	—
Financing cash flow	321M	-344M	-663M	-295M	100M	328M	55M	2.2B	454M	1.3B
Net change in cash	3B	7.1B	7.2B	7B	8.5B	8.3B	4.9B	6.9B	6.1B	-1B
Free cash flow	-92M	-104M	1.1B	-589M	-3.8B	-5B	-2.3B	-2.7B	-1.5B	-2.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	699M	617M	658M	448M	707M	647M	908M	392M	874M	594M	919M	396M
Depreciation & amortization	889M	707M	880M	894M	734M	744M	905M	757M	764M	773M	794M	811M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-447M	-414M	-288M	-215M	46M	-554M	-435M	-536M	-122M	-691M	218M	-187M
Operating cash flow	1.2B	1.1B	1.2B	1.4B	1.9B	1.2B	1.6B	1.5B	2.3B	1.2B	1.7B	1.9B
Capital expenditure	—	—	—	—	—	—	—	-2B	-2.1B	-2.4B	-2.4B	-2.2B
Investing cash flow	15M	8M	—	—	48M	8M	4M	-2B	-2.1B	-2.4B	-2.4B	-2.2B
Dividends paid	-357M	-359M	-381M	-380M	-381M	-382M	-403M	-405M	-404M	-405M	-430M	-430M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	694M	1.4B	504M	-298M	-778M	1B	610M	192M	644M	-196M	269M	1.8B
Net change in cash	1.9B	2.5B	1.7B	1.1B	1.1B	2.2B	2.2B	-317M	805M	-1.4B	-363M	1.6B
Free cash flow	-324M	-457M	-775M	-237M	-6M	-510M	-746M	-502M	163M	-1.2B	-634M	-255M

Date	Ratio
Feb 2, 2022	1402:1000
May 6, 2004	2:1

Exelon Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history