EXC Financials Exelon

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 Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 7.8% per year over the past 5 years.
Net income has grown slower than revenue (7.2% vs 7.8% per year).
Operating margin has expanded, at 21.2% in the latest year.

Financial health

Total debt ($50.0B) exceeds cash ($626M); net debt is $49.4B.
Total debt has grown in line with revenue (5.6% vs 7.8% per year).
Total debt is 5.7× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 58.4% of earnings.
The dividend has grown 1.6% 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	$24.3B	$2.8B	0.0%	21.2%	9.6%	2.4%	-$2.3B	$50.0B	$626M
2024	$23.0B	$2.5B	0.0%	18.8%	9.1%	2.3%	-$1.5B	$46.5B	$357M
2023	$21.7B	$2.3B	0.0%	18.5%	9.0%	2.3%	-$2.7B	$43.8B	$445M
2022	$19.1B	$2.2B	0.0%	17.4%	8.8%	2.3%	-$2.3B	$39.8B	$407M
2021	$17.9B	$1.8B	0.0%	15.0%	5.3%	1.4%	-$5.0B	$33.9B	$672M
2020	$16.7B	$2.0B	0.0%	13.1%	6.0%	1.5%	-$3.8B	$38.1B	$432M
2019	$16.7B	$3.0B	0.0%	15.9%	9.4%	2.4%	-$589M	$37.3B	$587M
2018	$36.0B	$2.1B	0.0%	10.8%	6.8%	1.7%	$1.1B	$36.0B	$1.3B
2017	$33.6B	$3.9B	0.0%	13.1%	12.9%	3.3%	-$104M	$35.0B	$898M
2016	$31.4B	$1.2B	0.0%	10.2%	4.6%	1.0%	-$92M	$35.2B	$635M
2015	$29.4B	$2.3B	0.0%	15.0%	8.7%	2.4%	-$8M	$26.3B	$6.5B
2014	$27.4B	$1.8B	0.0%	11.3%	8.1%	2.1%	-$1.6B	$21.9B	$1.9B
2013	$24.9B	$1.7B	0.0%	14.7%	7.6%	2.2%	$948M	$19.7B	$1.6B
2012	$23.5B	$1.2B	0.0%	10.1%	5.5%	1.5%	$342M	$18.9B	$1.5B
2011	$19.1B	$2.5B	0.0%	23.5%	17.4%	4.5%	$811M	$13.2B	$1.0B

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	$7.2B	$919M	0.0%	22.2%	3.1%	0.8%	-$634M	$48.5B	$713M
Dec '25	$5.4B	$594M	0.0%	21.9%	2.1%	0.5%	-$1.2B	$50.0B	$626M
Sep '25	$6.7B	$875M	0.0%	22.4%	3.1%	0.8%	$163M	$47.4B	$1.5B
Jun '25	$5.4B	$391M	0.0%	17.1%	1.4%	0.4%	-$502M	$46.6B	$724M
Mar '25	$6.7B	$908M	0.0%	22.9%	3.3%	0.8%	-$746M	$46.4B	$1.0B
Dec '24	$5.5B	$647M	0.0%	20.1%	2.4%	0.6%	-$510M	$46.5B	$357M
Sep '24	$6.2B	$707M	0.0%	19.4%	2.7%	0.7%	-$6M	$44.7B	$616M
Jun '24	$5.4B	$448M	0.0%	17.0%	1.7%	0.4%	-$237M	$44.5B	$934M
Mar '24	$6.0B	$658M	0.0%	18.4%	2.5%	0.6%	-$775M	$44.5B	$720M
Dec '23	$5.4B	$617M	0.0%	20.3%	2.4%	0.6%	-$457M	$43.8B	$445M
Sep '23	$6.0B	$700M	0.0%	18.8%	2.7%	0.7%	-$324M	$41.2B	$300M
Jun '23	$4.8B	$343M	0.0%	14.6%	1.4%	0.3%	-$527M	$40.7B	$399M
Mar '23	$5.6B	$669M	0.0%	19.9%	2.7%	0.7%	-$1.4B	$40.0B	$522M
Dec '22	$4.7B	$432M	0.0%	15.2%	1.7%	0.5%	-$1.2B	$39.8B	$407M
Sep '22	$4.8B	$676M	0.0%	20.9%	2.7%	0.7%	-$771M	$37.0B	$446M
Jun '22	$4.2B	$465M	0.0%	16.4%	2.0%	0.5%	-$127M	$37.8B	$816M
Mar '22	$5.3B	$598M	0.0%	16.9%	2.5%	0.6%	-$140M	$36.9B	$2.5B
Dec '21	$4.4B	$388M	0.0%	11.8%	1.1%	0.3%	-$3.1B	$33.9B	$672M
Sep '21	$4.9B	$1.2B	0.0%	15.5%	3.6%	0.9%	$1.1B	$37.9B	$3.0B
Jun '21	$4.0B	$476M	0.0%	14.4%	1.5%	0.4%	$499M	$36.9B	$1.6B

Valuation over time

How the market has priced EXC 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 19.7× (Mar '23) to 17.2× (Nov '26).
The price-to-sales ratio has fallen from 2.2× (Mar '23) to 2.0× (Nov '26).
The dividend yield has risen from 3.1% (Mar '23) to 3.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is EXC growing its revenue and profit?

Over the past 5 years, Exelon's revenue has grown 7.8% per year, and net income grown 7.2% per year. These are computed facts, not advice.

How much debt does EXC have?

As of FY2025, Exelon reported $50.0B of total debt against $626M of cash.

What is EXC's profit margin?

In FY2025, gross margin was —, operating margin 21.2%, and net margin 11.4%.

What is EXC's P/E ratio?

Exelon's P/E (TTM) is 17.11 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 EXC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.2× 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.