CONSOLIDATED EDISON INC ED
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'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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.05B | $15.47B | $14.48B | $15.46B | $13.46B | $12.03B | $12.14B | $11.93B | $12.03B | $12.07B |
| R&D | — | — | — | $27.0M | $25.0M | $24.0M | $24.0M | $24.0M | $24.0M | $24.0M |
| Total operating expenses | $13.99B | $12.52B | $12.33B | $13.05B | $10.85B | $9.59B | $9.90B | $9.80B | $9.26B | $9.40B |
| Operating income | $2.94B | $2.67B | $3.20B | $2.62B | $2.83B | $2.65B | $2.68B | $2.66B | $2.77B | $2.78B |
| Interest expense | $1.23B | $1.19B | $1.02B | $852.0M | $905.0M | $1.02B | $991.0M | $819.0M | $729.0M | — |
| Pre-tax income | $2.60B | $2.14B | $3.00B | $2.10B | $1.38B | $1.23B | $1.74B | $1.78B | $2.00B | $1.94B |
| Income tax | $574.0M | $318.0M | $487.0M | $498.0M | $190.0M | $90.0M | $296.0M | $401.0M | $472.0M | $698.0M |
| Net income | $2.0M | $1.8M | $2.5M | $1.7M | $1.3M | $1.10B | $1.34B | $1.38B | $1.52B | $1.25B |
| EPS, basic | 5.66 | 5.26 | 7.25 | 4.68 | 3.86 | 3.29 | 4.09 | 4.43 | 4.97 | 4.15 |
| EPS, diluted | 5.64 | 5.24 | 7.21 | 4.66 | 3.85 | 3.28 | 4.08 | 4.42 | 4.94 | 4.12 |
| Shares, diluted (wtd. avg.) | $358.7M | $347.3M | $349.3M | $355.8M | $349.4M | $335.7M | $329.5M | $312.9M | $308.8M | $301.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.63B | $1.32B | $1.20B | $1.53B | $1.15B | $1.44B | $1.22B | $1.01B | $844.0M | $830.0M |
| Receivables | $2.58B | $2.44B | $2.42B | $2.19B | $1.94B | $1.70B | $1.24B | $1.27B | $1.10B | $1.11B |
| Total current assets | $6.75B | $6.66B | $6.54B | $12.97B | $5.55B | $5.30B | $4.27B | $3.86B | $3.54B | $3.41B |
| Property, plant and equipment | $55.40B | $52.16B | $49.61B | $46.77B | $48.60B | $46.55B | $43.89B | $41.75B | $37.60B | $35.22B |
| Goodwill | $406.0M | $408.0M | $408.0M | $408.0M | $439.0M | $446.0M | $446.0M | $440.0M | $428.0M | $428.0M |
| Other intangibles | — | — | — | $1.22B | $1.29B | $1.46B | $1.56B | $1.65B | $131.0M | $124.0M |
| Total assets | $74.60B | $70.56B | $66.33B | $69.06B | $63.12B | $62.90B | $58.08B | $53.92B | $48.11B | $48.26B |
| Accounts payable | $1.95B | $1.68B | $1.77B | $1.96B | $1.50B | $1.48B | $1.16B | $1.19B | $1.29B | $1.15B |
| Short-term debt | $250.0M | $0 | $251.0M | $1.00B | $440.0M | $1.97B | $1.45B | $650.0M | $1.30B | $39.0M |
| Total current liabilities | $6.61B | $6.43B | $6.46B | $11.34B | $5.43B | $7.35B | $6.29B | $6.21B | $4.90B | $3.84B |
| Long-term debt | $25.55B | $24.71B | $21.99B | $22.44B | $22.60B | $20.38B | $18.53B | $17.50B | $14.73B | $14.73B |
| Retained earnings | $14.86B | $14.05B | — | — | — | — | — | — | — | — |
| Total equity | $24.19B | $21.96B | $21.16B | $20.89B | $20.34B | $19.07B | $18.21B | $16.84B | $15.43B | $14.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.80B | $3.61B | $2.16B | $3.94B | $2.73B | $2.20B | $3.13B | $2.69B | $3.37B | $3.46B |
| Capital expenditure | — | — | — | $4.46B | $3.96B | $4.08B | $3.68B | $5.25B | $3.61B | $5.24B |
| Investing cash flow | -$5.25B | -$5.27B | -$1.00B | -$4.57B | -$3.48B | -$4.22B | -$3.78B | -$5.47B | -$3.71B | -$4.95B |
| Financing cash flow | $746.0M | $1.80B | -$1.49B | $1.01B | $461.0M | $2.25B | $859.0M | $2.94B | $357.0M | $1.34B |
| Dividends paid | $1.17B | $1.10B | $1.10B | $1.09B | $1.03B | $975.0M | $924.0M | $842.0M | $803.0M | $763.0M |
| Buybacks | $0 | $0 | $1.00B | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001047862-26-000078.
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