ED vs EXC
Consolidated Edison Inc. and Exelon Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ED | EXC |
|---|---|---|
| Revenue | $17.0B | $24.3B |
| Net income | $2.0B | $2.8B |
| Gross margin | · | · |
| Net margin | 11.9% | 11.4% |
| Return on equity | 8.8% | 9.9% |
| Diluted EPS | $5.64 | · |
| Dividend / share | · | $1.60 |
| Payout ratio | 57.6% | 58.4% |
| Free cash flow | · | $-2.3B |
| Equity | $24.2B | $28.8B |
| Net debt / equity | 1.00× | 1.75× |
| Current ratio | 1.02× | 0.92× |
| Revenue CAGR 5y | 6.8% | 7.8% |
| Profit CAGR 5y | 12.9% | 7.2% |
EXC bills 1.4× the revenue of ED, and ED keeps more of each dollar of revenue as profit (11.9% against 11.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ED | EXC |
|---|---|---|
| FY2025 | $17.0B | $24.3B |
| FY2024 | $15.5B | $23.0B |
| FY2023 | $14.7B | $21.7B |
| FY2022 | $15.7B | $19.1B |
| FY2021 | $13.7B | $17.9B |
| FY2020 | $12.2B | $16.7B |
| FY2019 | $12.6B | $34.4B |
| FY2018 | $12.3B | $36.0B |
| FY2017 | $12.0B | $33.6B |
| FY2016 | $12.1B | $31.4B |
Bottom line
| Fiscal year | ED | EXC |
|---|---|---|
| FY2025 | $2.0B | $2.8B |
| FY2024 | $1.8B | $2.5B |
| FY2023 | $2.5B | $2.3B |
| FY2022 | $1.7B | $2.2B |
| FY2021 | $1.3B | $1.8B |
| FY2020 | $1.1B | $2.0B |
| FY2019 | $1.3B | $3.0B |
| FY2018 | $1.4B | $2.1B |
| FY2017 | $1.5B | $3.9B |
| FY2016 | $1.2B | $1.2B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$7,209,000,000 | EXC |
| FY2024 | −$7,559,000,000 | EXC |
| FY2023 | −$7,064,000,000 | EXC |
| FY2022 | −$3,408,000,000 | EXC |
| FY2021 | −$4,262,000,000 | EXC |
| FY2020 | −$4,417,000,000 | EXC |
| FY2019 | −$21,864,000,000 | EXC |
| FY2018 | −$23,641,000,000 | EXC |
| FY2017 | −$21,525,000,000 | EXC |
| FY2016 | −$19,291,000,000 | EXC |
| FY2015 | −$16,893,000,000 | EXC |
| FY2014 | −$14,510,000,000 | EXC |
| FY2013 | −$12,534,000,000 | EXC |
| FY2012 | −$11,301,000,000 | EXC |
| FY2011 | −$6,177,000,000 | EXC |
| FY2010 | −$5,319,000,000 | EXC |
| FY2009 | −$4,286,000,000 | EXC |
EXC has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.5 pp | ED |
| FY2024 | +1.1 pp | ED |
| FY2023 | +6.9 pp | ED |
| FY2022 | −0.9 pp | EXC |
| FY2021 | −1.2 pp | EXC |
| FY2020 | −2.1 pp | EXC |
| FY2019 | +3.0 pp | ED |
| FY2018 | +5.7 pp | ED |
| FY2017 | +1.5 pp | ED |
| FY2016 | +6.8 pp | ED |
| FY2015 | +2.1 pp | ED |
| FY2014 | +2.1 pp | ED |
| FY2013 | +1.9 pp | ED |
| FY2012 | +4.6 pp | ED |
| FY2011 | −4.9 pp | EXC |
| FY2010 | −6.2 pp | EXC |
| FY2009 | −8.9 pp | EXC |
The higher net margin has changed hands between ED and EXC over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXC's net margin has been more volatile than ED's over the 17 comparable fiscal years — 3.2 percentage points of standard deviation against 2.4.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ED and EXC over these 17 fiscal years — ED led in 11 and EXC in 6.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXC's return on equity has been more volatile than ED's over the 16 comparable fiscal years — 4.1 percentage points of standard deviation against 1.3.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ED and EXC over these 16 fiscal years — ED led in 9 and EXC in 7.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.