CONSOLIDATED EDISON INC ED

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

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.

Last close 115.74 2026-10-23
Market cap $42.65B 2026-03-31 share count
52-week range 94.96 - 116.50

Valuation FY2025 figures against the last close

P/S2.5x
P/E20.5x
P/FCF8.9x
EV/EBITDA22.8x
Dividend yield2.7%
Diluted EPS5.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 5.665.267.254.683.863.294.094.434.974.15
EPS, diluted 5.645.247.214.663.853.284.084.424.944.12
Shares, diluted (wtd. avg.) 358.7M347.3M349.3M355.8M349.4M335.7M329.5M312.9M308.8M301.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 12.1B Net income, FY2016: 1.2B Revenue, FY2017: 12B Net income, FY2017: 1.5B Revenue, FY2018: 11.9B Net income, FY2018: 1.4B Revenue, FY2019: 12.1B Net income, FY2019: 1.3B Revenue, FY2020: 12B Net income, FY2020: 1.1B Revenue, FY2021: 13.5B Net income, FY2021: 1.3M Revenue, FY2022: 15.5B Net income, FY2022: 1.7M Revenue, FY2023: 14.5B Net income, FY2023: 2.5M Revenue, FY2024: 15.5B Net income, FY2024: 1.8M Revenue, FY2025: 17B Net income, FY2025: 2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $12.07B $12.03B $11.93B $12.14B $12.03B $13.46B $15.46B $14.48B $15.47B $17.05B
Gross profit — — — — — — — — — —
Net income $1.25B $1.52B $1.38B $1.34B $1.10B $1.3M $1.7M $2.5M $1.8M $2.0M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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