Consolidated Edison Inc. (ED) 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	$0.77	$0.83	+7.8%	—	—	—
Q4 26	$2.27	$2.18	-4.0%	—	—	—
Q3 26	$0.86	$0.89	+3.5%	—	—	—
Q2 26	$1.75	$1.9	+8.6%	—	—	—
Q1 26	$0.66	$0.67	+1.5%	—	—	—
Q4 25	$2.21	$2.26	+2.3%	—	—	—
Q3 25	$0.96	$0.98	+2.1%	—	—	—
Q2 25	$1.58	$1.68	+6.3%	—	—	—
Q1 25	$0.57	$0.59	+3.5%	—	—	—
Q4 24	$1.9	$2.15	+13.2%	—	—	—
Q3 24	$0.97	$1	+3.1%	—	—	—
Q2 24	$1.6	$1.62	+1.3%	—	—	—
Q1 24	$0.61	$0.61	0.0%	—	—	—
Q4 23	$1.58	$1.83	+15.8%	—	—	—
Q3 23	$0.8	$0.81	+1.3%	—	—	—
Q2 23	$1.46	$1.63	+11.6%	—	—	—

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	—	$5.66	—	—	$16.9B	—
FY24	—	$5.26	—	—	$15.3B	—
FY23	—	$7.25	—	—	$14.7B	—
FY22	—	$4.68	—	—	$15.7B

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	$12.1B	$12B	$12.3B	$12.6B	$12.2B	$13.7B	$15.7B	$14.7B	$15.3B	$16.9B
YoY change	-3.82%	-0.35%	+2.53%	+1.92%	-2.61%	+11.7%	+14.6%	-6.43%	+4.04%	+10.9%

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	12.1B	12B	12.3B	12.6B	12.2B	13.7B	15.7B	14.7B	15.3B	16.9B
Cost of revenue	6.2B	5.8B	6.1B	5.8B	5.1B	6B	8B	7.3B	7.1B	7.9B
Gross profit	5.9B	6.3B	6.2B	6.8B	7.1B	7.7B	7.7B	7.4B	8.2B	9B
Gross margin	49.1%	52.1%	50.6%	53.8%	58.4%	56.1%	49%	50.5%	53.5%	53.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	-69M
Operating income	2.7B	2.8B	2.5B	2.7B	2.7B	2.8B	2.6B	2.3B	2.7B	3B
Operating margin	22.2%	23%	20.5%	21.3%	21.7%	20.7%	16.7%	15.9%	17.9%	17.7%
Non-operating income, net	-37M	-47M	69M	51M	-401M	-538M	326M	1.7B	593M	830M
Pretax income	1.9B	2B	1.8B	1.7B	1.2B	1.4B	2.1B	3B	2.1B	2.6B
Income tax	698M	472M	401M	296M	90M	190M	498M	487M	318M	574M
Net income	1.2B	1.5B	1.4B	1.4B	1.1B	1.2B	1.6B	2.5B	1.8B	2B
Net margin	10.3%	12.7%	11.2%	11.5%	9.34%	8.72%	10.2%	17.2%	11.9%	12%
EBITDA	3.7B	3.9B	3.8B	4.3B	4.4B	4.7B	5.1B	5.1B	5.4B	6.1B
EPS	4.15	4.97	4.43	4.09	3.29	3.86	4.68	7.25	5.26	5.66
Diluted EPS	4.12	4.94	4.42	4.08	3.28	3.85	4.66	7.21	5.24	5.64

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	3.9B	3.4B	4.3B	3.2B	4.1B	3.7B	4.8B	3.6B	4.5B	4B	5.1B	4.1B
Cost of revenue	1.8B	1.7B	1.9B	1.6B	1.8B	1.8B	2.2B	1.8B	2B	2B	2.3B	2B
Gross profit	2B	1.7B	2.4B	1.6B	2.3B	1.9B	2.6B	1.8B	2.5B	2B	2.8B	2.1B
Gross margin	52.6%	50.5%	55.8%	50.1%	55.4%	51.6%	54.9%	50.8%	55.3%	51.1%	54.6%	51.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	-16M	-17M	-22M	-24M
Operating income	723M	452M	1B	320M	862M	509M	1.1B	355M	984M	500M	1.2B	576M
Operating margin	18.7%	13.1%	24.3%	9.94%	21.1%	13.9%	23.4%	9.87%	21.7%	12.5%	23.5%	14.2%
Non-operating income, net	206M	218M	152M	160M	165M	116M	221M	241M	215M	189M	336M	146M
Pretax income	670M	405M	904M	192M	721M	321M	1B	296M	890M	378M	1.2B	408M
Income tax	144M	71M	184M	-10M	133M	11M	242M	50M	202M	81M	303M	100M
Net income	526M	334M	720M	202M	588M	310M	791M	246M	688M	297M	924M	308M
Net margin	13.6%	9.7%	16.8%	6.27%	14.4%	8.45%	16.5%	6.84%	15.2%	7.44%	18.1%	7.57%
EBITDA	1.4B	1.2B	1.7B	971M	1.6B	1.2B	1.9B	1.1B	1.8B	1.3B	1.9B	1.3B
EPS	1.53	—	2.08	0.58	1.7	0.9	2.26	0.68	1.91	0.82	2.55	0.83
Diluted EPS	1.52	—	2.08	0.58	1.69	0.89	2.25	0.68	1.9	0.82	2.54	0.83

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	22.1B	26.1B	23.8B	29.7B	24.2B	29.7B	33.8B	31.6B	30.9B	35.5B	38B
Enterprise value	37.2B	41.9B	43.6B	51.3B	48B	54.1B	56.9B	55.5B	57.4B	62.2B	65B
Shares outstanding	300.4M	307.1M	311.7M	328.5M	334.8M	348.4M	354.5M	347.7M	346M	357.4M	357.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.8	17.1	17.2	20.6	21.2	24.9	21.1	12.6	17	17.5	16.9
P/S	1.83	2.17	1.93	2.36	1.98	2.17	2.16	2.16	2.02	2.1	2.16
P/B	1.55	1.69	1.42	1.63	1.27	1.46	1.62	1.49	1.41	1.47	1.48
EV/EBITDA	10.1	10.6	11.6	11.9	11	11.4	11.2	10.9	10.5	10.2	10.5
EV/Sales	3.08	3.48	3.54	4.08	3.92	3.96	3.63	3.78	3.76	3.68	3.67
Earnings yield	5.62%	5.85%	5.8%	4.85%	4.73%	4.01%	4.74%	7.95%	5.9%	5.7%	5.91%
FCF yield	-1%	-0.29%	-3.37%	-1.18%	-7.07%	-4.1%	-0.69%	-7.39%	-3.75%	0.1%	-2.22%
PEG	—	—	—	—	—	—	—	—	—	—	0.77

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.1%	52.1%	50.6%	53.8%	58.4%	56.1%	49%	50.5%	53.5%	53.3%	51.8%
Operating margin	22.2%	23%	20.5%	21.3%	21.7%	20.7%	16.7%	15.9%	17.9%	17.7%	16.5%
Net margin	10.3%	12.7%	11.2%	11.5%	9.34%	8.72%	10.2%	17.2%	11.9%	12%	12.5%
ROE	8.7%	9.89%	8.21%	7.91%	6%	5.87%	7.66%	11.9%	8.29%	8.36%	8.96%
ROA	2.58%	3.17%	2.56%	2.48%	1.82%	1.89%	2.32%	3.79%	2.58%	2.71%	3.24%
ROIC	5.84%	6.78%	5.36%	5.58%	5.74%	5.45%	4.55%	4.34%	4.8%	4.59%	4.73%
Return on tangible assets	2.64%	3.25%	2.78%	2.66%	1.94%	2%	2.34%	3.84%	2.61%	2.74%	2.93%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.89	0.72	0.62	0.68	0.72	1.02	1.14	1.01	1.04	1.02	1.27
Quick ratio	0.8	0.65	0.56	0.62	0.67	0.94	1.1	0.94	0.96	0.94	1.17
Debt / equity	1.11	1.08	1.23	1.24	1.32	1.25	1.17	1.18	1.27	1.17	1.1
Debt / assets	0.33	0.35	0.38	0.39	0.4	0.4	0.35	0.38	0.39	0.38	0.37
Net debt / EBITDA	4.11	4.01	5.25	5.01	5.45	5.15	4.57	4.67	4.87	4.4	4.31
Interest coverage	3.79	3.74	3.18	2.75	2.21	2.5	3.21	3.94	2.8	3.11	3.34
Effective tax rate	35.9%	23.6%	22.5%	17.1%	7.29%	13.7%	23.7%	16.2%	14.9%	22.1%	23.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	40.2	39.2	39.6	38.3	36.6	39.3	44.2	42.2	44.1	47.3	48.7
EPS (basic)	4.15	4.97	4.43	4.09	3.29	3.86	4.68	7.25	5.26	5.66	5.66
EPS (diluted)	4.12	4.94	4.42	4.08	3.28	3.85	4.66	7.21	5.24	5.64	6.09
Book value per share	47.6	50.2	54	55.4	56.9	58.4	58.9	60.9	63.5	67.7	69.5
FCF per share	-0.74	-0.25	-2.57	-1.07	-5.11	-3.5	-0.66	-6.72	-3.34	0.1	-2.33
Cash per share	2.58	2.6	2.87	2.99	3.8	2.85	3.62	3.42	3.83	4.56	3.98
Capex per share	12.3	11.2	11.2	10.6	11.7	—	—	—	—	13.3	13

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	30.5%	28.6%	28.3%	27.7%	31.9%	—	—	—	—	28.2%	27.2%
Capex / operating cash flow	108%	102%	138.8%	113.1%	226.9%	—	—	—	—	99.3%	121.8%
Payout ratio	61.3%	52.7%	60.9%	64.2%	85.2%	86.3%	68.1%	43.6%	60.4%	57.6%	57.1%
Dividend yield	3.45%	3.08%	3.53%	3.11%	4.03%	3.47%	3.22%	3.47%	3.56%	3.28%	3.45%

Yield

3.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.888

ex-dividend Aug 19, 2026

Payout ratio

57%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.888
May 13, 2026	$0.888
Feb 18, 2026	$0.888

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	$0.77	$0.83	+7.8%	—	—	—
Q4 26	$2.27	$2.18	-4.0%	—	—	—
Q3 26	$0.86	$0.89	+3.5%	—	—	—
Q2 26	$1.75	$1.9	+8.6%	—	—	—
Q1 26	$0.66	$0.67	+1.5%	—	—	—
Q4 25	$2.21	$2.26	+2.3%	—	—	—
Q3 25	$0.96	$0.98	+2.1%	—	—	—
Q2 25	$1.58	$1.68	+6.3%	—	—	—
Q1 25	$0.57	$0.59	+3.5%	—	—	—
Q4 24	$1.9	$2.15	+13.2%	—	—	—
Q3 24	$0.97	$1	+3.1%	—	—	—
Q2 24	$1.6	$1.62	+1.3%	—	—	—
Q1 24	$0.61	$0.61	0.0%	—	—	—
Q4 23	$1.58	$1.83	+15.8%	—	—	—
Q3 23	$0.8	$0.81	+1.3%	—	—	—
Q2 23	$1.46	$1.63	+11.6%	—	—	—

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	—	$5.66	—	—	$16.9B	—
FY24	—	$5.26	—	—	$15.3B	—
FY23	—	$7.25	—	—	$14.7B	—
FY22	—	$4.68	—	—	$15.7B

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	$12.1B	$12B	$12.3B	$12.6B	$12.2B	$13.7B	$15.7B	$14.7B	$15.3B	$16.9B
YoY change	-3.82%	-0.35%	+2.53%	+1.92%	-2.61%	+11.7%	+14.6%	-6.43%	+4.04%	+10.9%

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	12.1B	12B	12.3B	12.6B	12.2B	13.7B	15.7B	14.7B	15.3B	16.9B
Cost of revenue	6.2B	5.8B	6.1B	5.8B	5.1B	6B	8B	7.3B	7.1B	7.9B
Gross profit	5.9B	6.3B	6.2B	6.8B	7.1B	7.7B	7.7B	7.4B	8.2B	9B
Gross margin	49.1%	52.1%	50.6%	53.8%	58.4%	56.1%	49%	50.5%	53.5%	53.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	-69M
Operating income	2.7B	2.8B	2.5B	2.7B	2.7B	2.8B	2.6B	2.3B	2.7B	3B
Operating margin	22.2%	23%	20.5%	21.3%	21.7%	20.7%	16.7%	15.9%	17.9%	17.7%
Non-operating income, net	-37M	-47M	69M	51M	-401M	-538M	326M	1.7B	593M	830M
Pretax income	1.9B	2B	1.8B	1.7B	1.2B	1.4B	2.1B	3B	2.1B	2.6B
Income tax	698M	472M	401M	296M	90M	190M	498M	487M	318M	574M
Net income	1.2B	1.5B	1.4B	1.4B	1.1B	1.2B	1.6B	2.5B	1.8B	2B
Net margin	10.3%	12.7%	11.2%	11.5%	9.34%	8.72%	10.2%	17.2%	11.9%	12%
EBITDA	3.7B	3.9B	3.8B	4.3B	4.4B	4.7B	5.1B	5.1B	5.4B	6.1B
EPS	4.15	4.97	4.43	4.09	3.29	3.86	4.68	7.25	5.26	5.66
Diluted EPS	4.12	4.94	4.42	4.08	3.28	3.85	4.66	7.21	5.24	5.64

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	3.9B	3.4B	4.3B	3.2B	4.1B	3.7B	4.8B	3.6B	4.5B	4B	5.1B	4.1B
Cost of revenue	1.8B	1.7B	1.9B	1.6B	1.8B	1.8B	2.2B	1.8B	2B	2B	2.3B	2B
Gross profit	2B	1.7B	2.4B	1.6B	2.3B	1.9B	2.6B	1.8B	2.5B	2B	2.8B	2.1B
Gross margin	52.6%	50.5%	55.8%	50.1%	55.4%	51.6%	54.9%	50.8%	55.3%	51.1%	54.6%	51.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	-16M	-17M	-22M	-24M
Operating income	723M	452M	1B	320M	862M	509M	1.1B	355M	984M	500M	1.2B	576M
Operating margin	18.7%	13.1%	24.3%	9.94%	21.1%	13.9%	23.4%	9.87%	21.7%	12.5%	23.5%	14.2%
Non-operating income, net	206M	218M	152M	160M	165M	116M	221M	241M	215M	189M	336M	146M
Pretax income	670M	405M	904M	192M	721M	321M	1B	296M	890M	378M	1.2B	408M
Income tax	144M	71M	184M	-10M	133M	11M	242M	50M	202M	81M	303M	100M
Net income	526M	334M	720M	202M	588M	310M	791M	246M	688M	297M	924M	308M
Net margin	13.6%	9.7%	16.8%	6.27%	14.4%	8.45%	16.5%	6.84%	15.2%	7.44%	18.1%	7.57%
EBITDA	1.4B	1.2B	1.7B	971M	1.6B	1.2B	1.9B	1.1B	1.8B	1.3B	1.9B	1.3B
EPS	1.53	—	2.08	0.58	1.7	0.9	2.26	0.68	1.91	0.82	2.55	0.83
Diluted EPS	1.52	—	2.08	0.58	1.69	0.89	2.25	0.68	1.9	0.82	2.54	0.83

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	22.1B	26.1B	23.8B	29.7B	24.2B	29.7B	33.8B	31.6B	30.9B	35.5B	38B
Enterprise value	37.2B	41.9B	43.6B	51.3B	48B	54.1B	56.9B	55.5B	57.4B	62.2B	65B
Shares outstanding	300.4M	307.1M	311.7M	328.5M	334.8M	348.4M	354.5M	347.7M	346M	357.4M	357.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	17.8	17.1	17.2	20.6	21.2	24.9	21.1	12.6	17	17.5	16.9
P/S	1.83	2.17	1.93	2.36	1.98	2.17	2.16	2.16	2.02	2.1	2.16
P/B	1.55	1.69	1.42	1.63	1.27	1.46	1.62	1.49	1.41	1.47	1.48
EV/EBITDA	10.1	10.6	11.6	11.9	11	11.4	11.2	10.9	10.5	10.2	10.5
EV/Sales	3.08	3.48	3.54	4.08	3.92	3.96	3.63	3.78	3.76	3.68	3.67
Earnings yield	5.62%	5.85%	5.8%	4.85%	4.73%	4.01%	4.74%	7.95%	5.9%	5.7%	5.91%
FCF yield	-1%	-0.29%	-3.37%	-1.18%	-7.07%	-4.1%	-0.69%	-7.39%	-3.75%	0.1%	-2.22%
PEG	—	—	—	—	—	—	—	—	—	—	0.77

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.1%	52.1%	50.6%	53.8%	58.4%	56.1%	49%	50.5%	53.5%	53.3%	51.8%
Operating margin	22.2%	23%	20.5%	21.3%	21.7%	20.7%	16.7%	15.9%	17.9%	17.7%	16.5%
Net margin	10.3%	12.7%	11.2%	11.5%	9.34%	8.72%	10.2%	17.2%	11.9%	12%	12.5%
ROE	8.7%	9.89%	8.21%	7.91%	6%	5.87%	7.66%	11.9%	8.29%	8.36%	8.96%
ROA	2.58%	3.17%	2.56%	2.48%	1.82%	1.89%	2.32%	3.79%	2.58%	2.71%	3.24%
ROIC	5.84%	6.78%	5.36%	5.58%	5.74%	5.45%	4.55%	4.34%	4.8%	4.59%	4.73%
Return on tangible assets	2.64%	3.25%	2.78%	2.66%	1.94%	2%	2.34%	3.84%	2.61%	2.74%	2.93%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.89	0.72	0.62	0.68	0.72	1.02	1.14	1.01	1.04	1.02	1.27
Quick ratio	0.8	0.65	0.56	0.62	0.67	0.94	1.1	0.94	0.96	0.94	1.17
Debt / equity	1.11	1.08	1.23	1.24	1.32	1.25	1.17	1.18	1.27	1.17	1.1
Debt / assets	0.33	0.35	0.38	0.39	0.4	0.4	0.35	0.38	0.39	0.38	0.37
Net debt / EBITDA	4.11	4.01	5.25	5.01	5.45	5.15	4.57	4.67	4.87	4.4	4.31
Interest coverage	3.79	3.74	3.18	2.75	2.21	2.5	3.21	3.94	2.8	3.11	3.34
Effective tax rate	35.9%	23.6%	22.5%	17.1%	7.29%	13.7%	23.7%	16.2%	14.9%	22.1%	23.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	40.2	39.2	39.6	38.3	36.6	39.3	44.2	42.2	44.1	47.3	48.7
EPS (basic)	4.15	4.97	4.43	4.09	3.29	3.86	4.68	7.25	5.26	5.66	5.66
EPS (diluted)	4.12	4.94	4.42	4.08	3.28	3.85	4.66	7.21	5.24	5.64	6.09
Book value per share	47.6	50.2	54	55.4	56.9	58.4	58.9	60.9	63.5	67.7	69.5
FCF per share	-0.74	-0.25	-2.57	-1.07	-5.11	-3.5	-0.66	-6.72	-3.34	0.1	-2.33
Cash per share	2.58	2.6	2.87	2.99	3.8	2.85	3.62	3.42	3.83	4.56	3.98
Capex per share	12.3	11.2	11.2	10.6	11.7	—	—	—	—	13.3	13

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	30.5%	28.6%	28.3%	27.7%	31.9%	—	—	—	—	28.2%	27.2%
Capex / operating cash flow	108%	102%	138.8%	113.1%	226.9%	—	—	—	—	99.3%	121.8%
Payout ratio	61.3%	52.7%	60.9%	64.2%	85.2%	86.3%	68.1%	43.6%	60.4%	57.6%	57.1%
Dividend yield	3.45%	3.08%	3.53%	3.11%	4.03%	3.47%	3.22%	3.47%	3.56%	3.28%	3.45%

Yield

3.45%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.888

ex-dividend Aug 19, 2026

Payout ratio

57%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.888
May 13, 2026	$0.888
Feb 18, 2026	$0.888

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	$3.9B	$3.4B	$4.3B	$3.2B	$4.1B	$3.7B	$4.8B	$3.6B	$4.5B	$4B	$5.1B	$4.1B
YoY change	-7.03%	-14.6%	-2.79%	+9.38%	+5.68%	+6.53%	+12.1%	+11.6%	+10.7%	+8.86%	+6.19%	+13.2%

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	776M	797M	895M	981M	1.3B	992M	1.3B	1.2B	1.3B	1.6B
Receivables	1.1B	1.1B	1.3B	1.2B	1.7B	1.9B	2.2B	2.4B	2.4B	2.6B
Inventory	339M	334M	358M	352M	356M	437M	492M	469M	485M	530M
Total current assets	3.4B	3.5B	3.9B	4.3B	5.3B	5.6B	13B	6.5B	6.7B	6.8B
Property, plant & equipment	-5.2B	-5.1B	-3.6B	-3.4B	-3.3B	-4.8B	-10B	-11.2B	-11.7B	-12.6B
Goodwill & intangibles	1.1B	1.1B	4.2B	4B	3.8B	3.5B	816M	816M	816M	812M
Total assets	48.3B	48.1B	53.9B	58.1B	62.9B	63.1B	69.1B	66.3B	70.6B	74.6B
Accounts payable	1.1B	1.3B	1.2B	1.2B	1.5B	1.5B	2B	1.8B	1.7B	1.9B
Short-term debt	1.1B	1.9B	3.2B	3.2B	3.9B	2B	3.8B	2.7B	2.8B	2.4B
Total current liabilities	3.8B	4.9B	6.2B	6.3B	7.4B	5.4B	11.3B	6.5B	6.4B	6.6B
Long-term debt	14.7B	14.7B	17.5B	19.3B	21.1B	23.3B	20.6B	22.4B	25B	25.9B
Total liabilities	33.9B	32.7B	37.1B	39.9B	43.8B	42.8B	48.2B	45.2B	48.6B	50.4B
Shareholders' equity	14.3B	15.4B	16.8B	18.2B	19.1B	20.3B	20.9B	21.2B	22B	24.2B
Total debt	15.8B	16.6B	20.7B	22.5B	25.1B	25.4B	24.4B	25B	27.8B	28.4B
Net debt	15.1B	15.8B	19.8B	21.6B	23.8B	24.4B	23.1B	23.8B	26.5B	26.7B

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	539M	1.2B	169M	1.5B	93M	1.3B	360M	1.5B	181M	1.6B	147M	1.5B
Receivables	2B	2.4B	2.6B	2.4B	2.6B	2.4B	2.7B	2.4B	2.3B	2.6B	2.8B	2.6B
Inventory	455M	469M	442M	451M	472M	485M	467M	490M	516M	530M	528M	534M
Total current assets	5.9B	6.5B	6.2B	6.5B	6.1B	6.7B	6.1B	6B	5.5B	6.8B	6.3B	6.8B
Property, plant & equipment	-10.6B	-11.2B	-11.8B	-11.8B	-11.7B	-11.7B	-12B	-12.3B	-12.5B	-12.6B	-12.7B	-12.8B
Goodwill & intangibles	816M	816M	816M	816M	816M	816M	816M	816M	816M	812M	812M	812M
Total assets	64.4B	66.3B	66.7B	67.9B	68.6B	70.6B	70.7B	71.5B	71.8B	74.6B	74.7B	76.5B
Accounts payable	1.3B	1.8B	1.4B	1.5B	1.5B	1.7B	1.4B	1.6B	1.6B	1.9B	1.7B	2B
Short-term debt	2.6B	2.7B	2.7B	2.8B	2.4B	2.8B	1.2B	2B	1.4B	2.4B	1.2B	1.1B
Total current liabilities	6B	6.5B	6.2B	6.2B	6B	6.4B	4.8B	5.5B	5.1B	6.6B	5.3B	5.4B
Long-term debt	21.1B	22.4B	22.4B	23.7B	23.9B	25B	25B	25.1B	25.3B	25.9B	25.9B	27.2B
Total liabilities	43.3B	45.2B	45.1B	46.4B	46.7B	48.6B	46.9B	47.7B	47.7B	50.4B	49.1B	50.7B
Shareholders' equity	21.1B	21.2B	21.6B	21.6B	21.9B	22B	23.8B	23.8B	24.2B	24.2B	25.6B	25.7B
Total debt	23.8B	25B	25B	26.6B	26.3B	27.8B	26.2B	27.1B	26.7B	28.4B	27.2B	28.3B
Net debt	23.2B	23.8B	24.9B	25.1B	26.2B	26.5B	25.9B	25.6B	26.5B	26.7B	27B	26.9B

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	1.5B	1.4B	1.4B	1.1B	1.2B	1.6B	2.5B	1.8B	2B
Depreciation & amortization	1.2B	1.3B	1.4B	1.7B	1.9B	2B	2.1B	2B	2.2B	2.3B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	703M	747M	-83M	175M	-917M	-596M	-172M	-1.4B	-969M	-445M
Operating cash flow	3.4B	3.4B	2.5B	3.1B	1.7B	2.4B	4B	3.2B	3.5B	4.8B
Capital expenditure	-3.7B	-3.4B	-3.5B	-3.5B	-3.9B	—	—	—	—	-4.8B
Investing cash flow	-5B	-3.7B	-5.5B	-3.8B	-4.2B	469M	-397M	3.5B	-502M	-5.2B
Dividends paid	-763M	-803M	-842M	-924M	-975M	-1B	-1.1B	-1.1B	-1.1B	-1.2B
Share repurchases	—	—	—	—	—	0	0	-1B	0	0
Financing cash flow	1.3B	306M	2.9B	805M	2.2B	401M	957M	-1.5B	1.7B	-213M
Net change in cash	-248M	-30M	-66M	105M	-314M	3.3B	4.6B	5.1B	4.7B	-662M
Free cash flow	-221M	-76M	-802M	-352M	-1.7B	-1.2B	-233M	-2.3B	-1.2B	36M

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	527M	334M	720M	202M	588M	310M	791M	247M	688M	297M	924M	308M
Depreciation & amortization	512M	525M	539M	512M	550M	554M	564M	576M	586M	595M	572M	578M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-387M	-448M	-455M	52M	-231M	-396M	-389M	849M	-324M	-325M	-905M	490M
Operating cash flow	843M	451M	982M	834M	1.2B	453M	1.2B	2B	504M	1.5B	174M	1.8B
Capital expenditure	—	—	—	—	—	—	—	-1.3B	-1B	-1.3B	-1.2B	-1.3B
Investing cash flow	-99M	-99M	-107M	-119M	-130M	-146M	-76M	-1.4B	-1.1B	-1.5B	-936M	-1.4B
Dividends paid	-267M	-267M	-274M	-275M	-275M	-276M	-282M	-294M	-295M	-295M	-308M	-316M
Share repurchases	0	0	0	0	0	0	—	—	—	—	—	—
Financing cash flow	-341M	1B	-264M	1.3B	-545M	1.3B	-595M	576M	-715M	1.6B	-1.4B	780M
Net change in cash	403M	1.4B	611M	2B	480M	1.6B	555M	1.1B	-1.3B	1.6B	-2.2B	1.2B
Free cash flow	-984M	-281M	-664M	180M	-745M	72M	-318M	713M	-535M	176M	-999M	496M

Date	Ratio
Jul 3, 1989	2:1
Jul 1, 1982	2:1

Consolidated Edison Inc. 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

Consolidated Edison Inc. 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