Consolidated Edison, Inc. (Con Edison), incorporated in New York State in 1997, is a holding company that owns all of the outstanding common stock of Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. As used in this report, the term the “Companies” refers to Con Edison and CECONY, and the term the “Utilities” refers to CECONY and O&R. Con Edison CECONYO&RCon Edison Transmission Con Edison’s principal business operations are those of CECONY, O&R and Con Edison Transmission. CECONY’s principal business operations are its regulated electric, gas and steam delivery businesses. O&R’s principal business operations are its regulated electric and gas delivery businesses. Con Edison Transmission, through its subsidiaries, develops and invests in electric transmission projects and owns, through joint ventures, both electric and gas assets. See “Con Edison Transmission” in Item 1.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 16.9B | 16.9B | 15.3B | 14.7B | 15.7B | 13.7B |
| Net Income | 2.0B | 2.0B | 1.8B | 2.5B | 1.7B | 1.3B |
| EPS | $5.64 | $5.64 | $5.24 | $7.21 | $4.66 | $3.85 |
| Free Cash Flow | 36M | 36M | -1.2B | -2.2B | 111M | -897M |
| ROIC | 5.5% | 6.0% | 5.8% | 7.0% | 5.5% | 7.0% |
| Gross Margin | 77.5% | 77.5% | 75.4% | 75.4% | 75.1% | 76.2% |
| Debt/Equity | 0.78 | 0.78 | 0.90 | 0.91 | 0.87 | 0.83 |
| Dividends/Share | $3.25 | $3.25 | $3.32 | $3.24 | $3.16 | $3.10 |
| Operating Income | 2.9B | 2.9B | 2.7B | 3.2B | 2.6B | 2.8B |
| Operating Margin | 17.3% | 17.3% | 17.5% | 21.8% | 16.7% | 20.7% |
| ROE | 8.4% | 8.8% | 8.3% | 11.9% | 8.0% | 6.7% |
| Shares Outstanding | 359M | 359M | 347M | 349M | 356M | 350M |
CONSOLIDATED EDISON INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
CONSOLIDATED EDISON INC trades at 19.8x trailing earnings, compared to its 15-year median P/E of 16.9x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 6.3% with a gross margin of 75.9%. Total shareholder yield (dividends) is 2.9%. At current prices, the estimated annualized return to fair value is -21.4%.
CONSOLIDATED EDISON INC (ED) has a current P/E ratio of 19.8, compared to its historical median P/E of 16.9. The stock is currently considered Expensive based on its historical valuation range.
CONSOLIDATED EDISON INC (ED) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
CONSOLIDATED EDISON INC (ED) has a market capitalization of $40.1B. It is classified as a large-cap stock.
Yes, CONSOLIDATED EDISON INC (ED) pays a dividend with a trailing twelve-month yield of 2.91%.
Based on historical P/E analysis, CONSOLIDATED EDISON INC (ED) appears expensive. The current P/E of 19.8 is 17% above its historical median of 16.9. The estimated fair value CAGR (P/E method) is 7.8%.
CONSOLIDATED EDISON INC (ED) operates in the Electric & Other Services Combined industry, within the Utilities sector.
CONSOLIDATED EDISON INC (ED) reported annual revenue of $16.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
CONSOLIDATED EDISON INC (ED) has a net profit margin of 12.0%. This is a healthy margin.
CONSOLIDATED EDISON INC (ED) generated $36 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CONSOLIDATED EDISON INC (ED) has a debt-to-equity ratio of 0.78. This indicates moderate leverage.
CONSOLIDATED EDISON INC (ED) reported earnings per share (EPS) of $5.64 in its most recent fiscal year.
CONSOLIDATED EDISON INC (ED) has a return on equity (ROE) of 8.8%. This indicates moderate shareholder returns.
CONSOLIDATED EDISON INC (ED) has a 5-year average gross margin of 75.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for CONSOLIDATED EDISON INC (ED), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CONSOLIDATED EDISON INC (ED) has a book value per share of $67.44, based on its most recent annual SEC filing.