EXELON CORP EXC
Exelon is a utility services holding company engaged in the energy transmission and distribution businesses through its subsidiaries, ComEd, PECO, BGE, Pepco, DPL, and ACE.
Commonwealth Edison Company Purchase and regulated retail sale of electricity Northern Illinois, including the City of Chicago
PECO Energy Company Purchase and regulated retail sale of electricity and natural gas Southeastern Pennsylvania, including the City of Philadelphia (electricity)
Transmission and distribution of electricity and distribution of natural gas to retail customers Pennsylvania counties surrounding the City of Philadelphia (natural gas)
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 | $24.26B | $23.03B | $21.73B | $19.08B | $17.94B | $16.66B | $16.73B | $35.98B | $33.56B | $48.0M |
| Total operating expenses | $19.11B | $18.72B | $17.71B | $15.76B | $15.26B | $14.48B | $14.07B | $32.14B | $29.62B | $28.11B |
| Operating income | $5.15B | $4.32B | $4.02B | $3.31B | $2.68B | $2.19B | $2.66B | $3.89B | $4.39B | $3.21B |
| Interest expense | — | — | — | — | — | $1.61B | $1.59B | $1.53B | $1.52B | $1.50B |
| Pre-tax income | $3.29B | $2.67B | $2.70B | $2.40B | $1.65B | $1.09B | $1.64B | $2.23B | $3.77B | $1.97B |
| Income tax | $523.0M | $207.0M | $374.0M | $349.0M | $38.0M | $7.0M | $153.0M | $118.0M | $126.0M | $753.0M |
| Net income | $2.77B | $2.46B | $2.33B | $2.17B | $1.83B | $1.95B | $3.03B | $2.08B | $3.87B | $1.20B |
| EPS, basic | — | — | — | — | 1.74 | 2.01 | 3.02 | 2.07 | 3.99 | 1.21 |
| EPS, diluted | — | — | — | — | 1.74 | 2.01 | 3.01 | 2.07 | 3.98 | 1.21 |
| Shares, diluted (wtd. avg.) | $1.01B | $1.00B | $997.0M | $987.0M | $980.0M | $977.0M | $974.0M | $969.0M | $949.0M | $927.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $626.0M | $357.0M | $445.0M | $407.0M | $672.0M | $432.0M | $587.0M | $1.35B | $898.0M | $635.0M |
| Receivables | $3.30B | $2.74B | $2.34B | $2.22B | $1.87B | $3.23B | $4.59B | $4.61B | $4.45B | $4.16B |
| Total current assets | $9.55B | $8.38B | $8.09B | $7.34B | $13.96B | $12.56B | $12.04B | $13.33B | $11.90B | $12.41B |
| Property, plant and equipment | $84.32B | $78.18B | $73.59B | $69.08B | $64.56B | $82.58B | $80.23B | $76.71B | $74.20B | $71.56B |
| Goodwill | $6.63B | $6.63B | $6.63B | $6.63B | $6.63B | $6.68B | $6.68B | $6.68B | $6.68B | $6.68B |
| Other intangibles | — | — | — | -$25.0M | -$207.0M | $172.0M | $174.0M | $118.0M | -$27.0M | -$258.0M |
| Total assets | $116.57B | $107.78B | $101.86B | $95.35B | $133.01B | $129.32B | $124.98B | $119.63B | $116.77B | $114.90B |
| Accounts payable | — | — | — | $3.38B | $2.38B | $3.56B | $3.56B | $3.80B | $3.53B | $3.44B |
| Short-term debt | $1.67B | $1.45B | $1.40B | $1.80B | $2.15B | $1.82B | -$4.71B | $1.35B | $2.09B | $2.43B |
| Total current liabilities | $10.33B | $9.61B | $9.90B | $10.61B | $16.11B | $12.77B | $14.19B | $11.40B | $10.80B | $13.46B |
| Long-term debt | $49.43B | $44.67B | $41.28B | $35.27B | $30.75B | $35.09B | $31.33B | $34.08B | $32.18B | $31.57B |
| Total liabilities | $87.77B | $80.86B | $76.10B | $70.61B | $98.22B | $94.45B | $90.40B | $86.59B | $84.58B | $87.29B |
| Retained earnings | $7.58B | $6.43B | $5.49B | $4.60B | $16.94B | $16.73B | $16.27B | $14.74B | $14.08B | $12.03B |
| Total equity | $28.80B | $26.92B | $25.75B | $24.74B | $34.80B | $34.87B | $34.57B | $33.05B | $32.17B | $27.63B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.25B | $5.57B | $4.70B | $4.87B | $3.01B | $4.24B | $6.66B | $8.64B | $7.48B | $8.46B |
| Depreciation and amortisation | $3.64B | $3.60B | $3.51B | $3.53B | $7.57B | $2.89B | $2.72B | $4.35B | $3.83B | $3.94B |
| Stock-based compensation | — | — | — | — | — | — | — | $75.0M | $88.0M | $111.0M |
| Capital expenditure | $8.53B | $7.10B | $7.41B | $7.15B | $7.98B | $8.05B | $7.25B | $7.59B | $7.58B | $8.55B |
| Investing cash flow | -$8.53B | -$7.04B | -$7.38B | -$6.99B | -$3.32B | -$4.34B | -$7.26B | -$7.83B | -$7.97B | -$15.45B |
| Financing cash flow | $2.53B | $1.31B | $2.68B | $1.59B | $758.0M | $145.0M | -$58.0M | -$219.0M | $767.0M | $1.19B |
| Dividends paid | $1.62B | $1.52B | $1.43B | $1.33B | $1.50B | $1.49B | $1.41B | $1.33B | $1.24B | $1.17B |
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 0001109357-26-000018.
Others in SIC 4931
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DUK | Duke Energy CORP | $93.72B | 19.1x | 5.6% |
| XEL | XCEL ENERGY INC | $47.30B | 22.1x | — |
| ED | CONSOLIDATED EDISON INC | $39.54B | 19.0x | 10.2% |
| PCG | PG&E Corp | $38.33B | 12.1x | 2.1% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $36.73B | 17.5x | 22.8% |
| WEC | WEC ENERGY GROUP, INC. | $34.52B | 22.0x | 14.0% |
| AEE | AMEREN CORP | $29.48B | 19.9x | 15.4% |
| NI | NISOURCE INC. | $19.85B | 21.2x | 23.5% |