ED Utilities

Consolidated Edison, Inc.

$116.81-1.41%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: United States
Market cap: 43.2B USD
Enterprise value: 67.4B USD
Full-time employees: 15,407

Overall health

Strength: growing faster than most peersgrowing faster than peers
Strength: lower risk than most peers: a steadier share pricelower risk: a steadier share price
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #133 of 348 utilities companies (top 39%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Consolidated Edison reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

StockQuotient Score

54/ 100

Oct 5 54 → Nov 4 54

Valuation

Is the price right?

27/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.5%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.38Sector median: 0.0485 · MAD: 0.0319

EBITDA yield8.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.24Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-2.0%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield59.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

89/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.1%

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth62.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.38Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth4.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.56Sector median: 0.0196 · MAD: 0.0523

Revenue growth9.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.96Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

24/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin17.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.10Sector median: 0.1864 · MAD: 0.0865

Return on assets0.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.94Sector median: 0.0266 · MAD: 0.0124

Return on invested capital4.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.15Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin53.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity0.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Beta
▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.25

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.21Sector median: 0.4590 · MAD: 0.1730

Current ratio1.27×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.65Sector median: 1.0330 · MAD: 0.3620

Debt / equity1.13×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.12Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Consolidated Edison

Is Consolidated Edison getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 54/100 since Oct 28, 2026.
How is Consolidated Edison valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 360 utilities peers. Earnings yield 0.5% vs a peer median of 4.8% (weaker than 85% of peers).Earnings yield 0.5% vs peers 4.8% (weaker than 85% of peers).
Is Consolidated Edison growing?: Yes, faster than most of its peers. Growth scores 89/100 against 360 utilities peers. Earnings per share growth 62.2% vs a peer median of 1.7% (stronger than 88% of peers).Earnings per share growth 62.2% vs peers 1.7% (stronger than 88% of peers).
How profitable is Consolidated Edison?: Less profitable than most of its peers. Profitability scores 24/100 against 360 utilities peers. Return on assets 0.3% vs a peer median of 2.7% (weaker than 91% of peers).Return on assets 0.3% vs peers 2.7% (weaker than 91% of peers).
How risky is Consolidated Edison?: Lower risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.25 vs a peer median of 0.46 (stronger than 80% of peers).Beta 0.25 vs peers 0.46 (stronger than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	17.4B USD	17.9B USD	+3.1%
Net income (12 months)	135.0M USD	196.0M USD	+45.2%
Operating margin	17.2%	17.8%	+0.6 pts
Cash	147.0M USD	1.5B USD	+900.0%
Shares outstanding	368.5M	369.8M	+0.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Utilities - Regulated Electric · 29 companies

Valuations in Utilities - Regulated Electric are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
24% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +1% vs the whole market, against a usual +1%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	20.7%	16.7%	21.8%	17.3%	17.2%	▼ 0.0 pts
Net margin	9.8%	10.6%	17.2%	11.8%	11.9%	▲ 0.1 pts
Return on assets (ROA)	2.1%	2.4%	3.8%	2.6%	2.7%	▲ 0.1 pts
Return on equity (ROE)	6.7%	8.0%	11.9%	8.3%	8.4%	▲ 0.1 pts
Free cash flow margin	-9.0%	-3.4%	—	—	—	—
Current ratio	1.02×	1.14×	1.01×	1.04×	1.02×	▼ 1.5%
Debt to equity	1.15×	1.15×	1.16×	1.22×	1.13×	▼ 7.5%
Interest coverage	3.12×	3.08×	3.12×	2.25×	2.38×	▲ 5.8%

ED price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Strength: lower risk than most peers: a steadier share pricelower risk: a steadier share price

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #133 of 348 utilities companies (top 39%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Consolidated Edison reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Questions investors ask about Consolidated Edison

Is Consolidated Edison getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 54/100 since Oct 28, 2026.

How is Consolidated Edison valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 360 utilities peers. Earnings yield 0.5% vs a peer median of 4.8% (weaker than 85% of peers).Earnings yield 0.5% vs peers 4.8% (weaker than 85% of peers).

Is Consolidated Edison growing?

Yes, faster than most of its peers. Growth scores 89/100 against 360 utilities peers. Earnings per share growth 62.2% vs a peer median of 1.7% (stronger than 88% of peers).Earnings per share growth 62.2% vs peers 1.7% (stronger than 88% of peers).

How profitable is Consolidated Edison?

Less profitable than most of its peers. Profitability scores 24/100 against 360 utilities peers. Return on assets 0.3% vs a peer median of 2.7% (weaker than 91% of peers).Return on assets 0.3% vs peers 2.7% (weaker than 91% of peers).

How risky is Consolidated Edison?

Lower risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.25 vs a peer median of 0.46 (stronger than 80% of peers).Beta 0.25 vs peers 0.46 (stronger than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

17.4B USD

17.9B USD

+3.1%

Net income (12 months)

135.0M USD

196.0M USD

+45.2%

Operating margin

17.2%

17.8%

+0.6 pts

Cash

147.0M USD

1.5B USD

+900.0%

Shares outstanding

368.5M

369.8M

+0.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

20.7%

16.7%

21.8%

17.3%

17.2%

▼ 0.0 pts

Net margin

9.8%

10.6%

17.2%

11.8%

11.9%

▲ 0.1 pts

Return on assets (ROA)

2.1%

2.4%

3.8%

2.6%

2.7%

▲ 0.1 pts

Return on equity (ROE)

6.7%

8.0%

11.9%

8.3%

8.4%

▲ 0.1 pts

Free cash flow margin

-9.0%

-3.4%

—

Current ratio

1.02×

1.14×

1.01×

1.04×

1.02×

▼ 1.5%

Debt to equity

1.15×

1.16×

1.22×

1.13×

▼ 7.5%

Interest coverage

3.12×

3.08×

3.12×

2.25×

2.38×

▲ 5.8%