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 Aug 9, 2026, 10:15 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$17.0B	$2M	0.0%	17.2%	0.0%	0.0%	—	$25.8B	$1.6B
2024	$15.5B	$2M	0.0%	17.3%	0.0%	0.0%	—	$26.9B	$1.3B
2023	$14.5B	$3M	0.0%	22.1%	0.0%	0.0%	—	$24.5B	$1.2B
2022	$15.5B	$2M	0.0%	17.0%	0.0%	0.0%	-$530M	$26.1B	$1.3B
2021	$13.5B	$1M	0.0%	21.0%	0.0%	0.0%	-$1.2B	$24.5B	$992M
2020	$12.0B	$1.1B	0.0%	22.1%	5.8%	1.8%	-$1.9B	$24.1B	$1.3B
2019	$12.1B	$1.3B	0.0%	22.0%	7.5%	2.3%	-$542M	$21.7B	$981M
2018	$11.9B	$1.4B	0.0%	22.3%	8.3%	2.6%	-$2.6B	$19.9B	$895M
2017	—	$1.5B	—	—	9.9%	3.2%	-$239M	$16.6B	$797M
2016	—	$1.2B	—	—	8.7%	2.6%	-$1.8B	$15.8B	$776M
2015	—	$1.2B	—	—	9.1%	2.6%	$2.8B	$14.3B	$944M
2014	—	$1.1B	—	—	8.7%	2.5%	$2.7B	$12.9B	$699M
2013	—	$1.1B	—	—	8.7%	2.6%	$2.4B	$12.4B	$674M
2012	—	$1.1B	—	—	9.6%	2.8%	$2.4B	$11.3B	$394M
2011	—	$1.1B	—	—	9.1%	2.7%	$3.1B	$10.7B	$648M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Mar '26	$5.2B	$924M	0.0%	22.5%	3.6%	1.2%	—	—	$147M
Dec '25	$4.0B	$297M	0.0%	12.3%	1.2%	0.4%	—	$25.8B	$1.6B
Sep '25	$4.6B	$688M	0.0%	21.2%	2.8%	1.0%	—	—	$181M
Jun '25	$3.6B	$246M	0.0%	9.8%	1.0%	0.3%	—	—	$1.5B
Mar '25	$4.9B	$791M	0.0%	23.0%	3.3%	1.1%	—	—	$360M
Dec '24	$3.7B	$310M	0.0%	12.9%	1.4%	0.4%	—	$26.9B	$1.3B
Sep '24	$4.2B	$588M	0.0%	20.4%	2.7%	0.9%	—	$25.5B	$93M
Jun '24	$3.3B	$202M	0.0%	9.7%	0.9%	0.3%	—	$25.8B	$1.5B
Mar '24	$4.3B	$720M	0.0%	23.6%	3.3%	1.1%	—	$24.2B	$169M
Dec '23	$3.6B	$334M	0.0%	12.4%	1.6%	0.5%	—	$24.5B	$1.2B
Sep '23	$3.9B	$526M	0.0%	18.7%	2.5%	0.8%	—	$22.5B	$539M
Jun '23	$2.8B	$226M	0.0%	10.2%	1.1%	0.4%	—	$22.6B	$2.0B
Mar '23	$4.2B	$1.4B	0.0%	41.2%	6.9%	2.3%	—	$21.1B	$771M
Dec '22	$4.0B	$190M	0.0%	13.9%	0.9%	0.3%	—	$26.1B	$1.3B
Sep '22	$4.2B	$613M	0.0%	21.4%	3.0%	0.9%	—	$24.3B	$78M
Jun '22	$3.4B	$255M	0.0%	11.4%	1.3%	0.4%	—	$24.6B	$1.1B
Mar '22	$4.0B	$602M	0.0%	20.2%	3.0%	0.9%	—	$23.9B	$108M
Dec '21	$3.2B	$224M	0.0%	21.5%	1.1%	0.4%	—	$24.5B	$992M
Sep '21	$3.7B	$538M	0.0%	23.2%	2.7%	0.9%	—	$22.9B	$66M
Jun '21	$3.0B	$165M	0.0%	14.2%	0.8%	0.3%	—	$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 risen from 21233.7× (Mar '23) to 21586.2× (Nov '26).
The price-to-sales ratio has risen from 2.3× (Mar '23) to 2.6× (Nov '26).
The dividend yield has fallen from 3.1% (Mar '23) to 2.7% (Nov '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?

Consolidated Edison's P/E (TTM) is 20.26 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ED stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21586.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.