ED Financials Consolidated Edison

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.2% per year over the past 5 years.
Net income has grown slower than revenue (-71.6% vs 7.2% per year).
Operating margin has contracted, at 17.2% in the latest year.

Financial health

Total debt ($25.8B) exceeds cash ($1.6B); net debt is $24.2B.
Total debt has grown slower than revenue (1.4% vs 7.2% per year).
Operating income covered interest expense 2.4× in the latest year, down from 2.6× 5 years ago.
Total debt is 4.9× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 57637.2% of earnings.
The dividend has grown 3.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$17.0B	$2M	0.0%	17.2%	—	$25.8B	$1.6B
2024	$15.5B	$2M	0.0%	17.3%	—	$26.9B	$1.3B
2023	$14.5B	$3M	0.0%	22.1%	—	$24.5B	$1.2B
2022	$15.5B	$2M	0.0%	17.0%	-$530M	$26.1B	$1.3B
2021	$13.5B	$1M	0.0%	21.0%	-$1.2B	$24.5B	$992M
2020	$12.0B	$1.1B	0.0%	22.1%	-$1.9B	$24.1B	$1.3B
2019	$12.1B	$1.3B	0.0%	22.0%	-$542M	$21.7B	$981M
2018	$11.9B	$1.4B	0.0%	22.3%	-$2.6B	$19.9B	$895M
2017	—	$1.5B	—	—	-$239M	$16.6B	$797M
2016	—	$1.2B	—	—	-$1.8B	$15.8B	$776M
2015	—	$1.2B	—	—	$2.8B	$14.3B	$944M
2014	—	$1.1B	—	—	$2.7B	$12.9B	$699M
2013	—	$1.1B	—	—	$2.4B	$12.4B	$674M
2012	—	$1.1B	—	—	$2.4B	$11.3B	$394M
2011	—	$1.1B	—	—	$3.1B	$10.7B	$648M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$5.2B	$924M	0.0%	22.5%	—	—	$147M
Dec '25	$4.0B	$297M	0.0%	12.3%	—	$25.8B	$1.6B
Sep '25	$4.6B	$688M	0.0%	21.2%	—	—	$181M
Jun '25	$3.6B	$246M	0.0%	9.8%	—	—	$1.5B
Mar '25	$4.9B	$791M	0.0%	23.0%	—	—	$360M
Dec '24	$3.7B	$310M	0.0%	12.9%	—	$26.9B	$1.3B
Sep '24	$4.2B	$588M	0.0%	20.4%	—	$25.5B	$93M
Jun '24	$3.3B	$202M	0.0%	9.7%	—	$25.8B	$1.5B
Mar '24	$4.3B	$720M	0.0%	23.6%	—	$24.2B	$169M
Dec '23	$3.6B	$334M	0.0%	12.4%	—	$24.5B	$1.2B
Sep '23	$3.9B	$526M	0.0%	18.7%	—	$22.5B	$539M
Jun '23	$2.8B	$226M	0.0%	10.2%	—	$22.6B	$2.0B
Mar '23	$4.2B	$1.4B	0.0%	41.2%	—	$21.1B	$771M
Dec '22	$4.0B	$190M	0.0%	13.9%	—	$26.1B	$1.3B
Sep '22	$4.2B	$613M	0.0%	21.4%	—	$24.3B	$78M
Jun '22	$3.4B	$255M	0.0%	11.4%	—	$24.6B	$1.1B
Mar '22	$4.0B	$602M	0.0%	20.2%	—	$23.9B	$108M
Dec '21	$3.2B	$224M	0.0%	21.5%	—	$24.5B	$992M
Sep '21	$3.7B	$538M	0.0%	23.2%	—	$22.9B	$66M
Jun '21	$3.0B	$165M	0.0%	14.2%	—	$22.7B	$1.1B

Valuation over time

How the market has priced ED against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 21233.7× (Mar '23) to 20169.9× (Jun '26).
The price-to-sales ratio has risen from 2.3× (Mar '23) to 2.4× (Jun '26).
The dividend yield has fallen from 3.1% (Mar '23) to 2.9% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ED growing its revenue and profit?

Over the past 5 years, Consolidated Edison's revenue has grown 7.2% per year, and net income declined 71.6% per year. These are computed facts, not advice.

How much debt does ED have?

As of FY2025, Consolidated Edison reported $25.8B of total debt against $1.6B of cash; operating income covered interest expense 2.4×.

What is ED's profit margin?

In FY2025, gross margin was —, operating margin 17.2%, and net margin 0.0%.

What is ED's P/E ratio?

As of Jun '26, Consolidated Edison traded at a price-to-earnings ratio of about 20169.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.