Consolidated Edison Inc Financials

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 50/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Consolidated Edison Inc has an operating margin of 17.5%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is down from 21.8% the prior year.

Growth

Consolidated Edison Inc's revenue grew a modest 4.0% year-over-year to $15.3B. This slow but positive growth earns a score of 40/100.

Leverage

Consolidated Edison Inc carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Consolidated Edison Inc's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Returns

Consolidated Edison Inc's ROE of 8.3% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 11.9% the prior year.

Piotroski F-Score Neutral

4/9

Consolidated Edison Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.99x

For every $1 of reported earnings, Consolidated Edison Inc generates $1.99 in operating cash flow ($3.6B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.2x

Consolidated Edison Inc earns $2.2 in operating income for every $1 of interest expense ($2.7B vs $1.2B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Consolidated Edison Inc (ED) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Export CSV

Key Financial Metrics

Revenue

$15.3B

YoY+4.0%

5Y CAGR+3.9%

10Y CAGR+1.7%

Consolidated Edison Inc generated $15.3B in revenue in fiscal year 2024. This represents an increase of 4.0% from the prior year.

EBITDA

$4.8B

YoY-7.7%

5Y CAGR+2.0%

10Y CAGR+3.9%

Consolidated Edison Inc's EBITDA was $4.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.7% from the prior year.

Free Cash Flow

N/A

Net Income

$1.8B

YoY-27.7%

5Y CAGR+6.3%

10Y CAGR+5.2%

Consolidated Edison Inc reported $1.8B in net income in fiscal year 2024. This represents a decrease of 27.7% from the prior year.

EPS (Diluted)

$5.24

YoY-27.3%

5Y CAGR+5.1%

10Y CAGR+3.5%

Consolidated Edison Inc earned $5.24 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 27.3% from the prior year.

Cash & Debt

$1.3B

YoY+11.4%

5Y CAGR+6.2%

10Y CAGR+6.6%

Consolidated Edison Inc held $1.3B in cash against $24.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$3.32

YoY+2.5%

5Y CAGR+2.3%

10Y CAGR+2.8%

Consolidated Edison Inc paid $3.32 per share in dividends in fiscal year 2024. This represents an increase of 2.5% from the prior year.

Shares Outstanding

347M

YoY+0.3%

5Y CAGR+0.8%

10Y CAGR+1.7%

Consolidated Edison Inc had 347M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

17.5%

YoY-4.3pp

5Y CAGR-3.8pp

10Y CAGR+0.4pp

Consolidated Edison Inc's operating margin was 17.5% in fiscal year 2024, reflecting core business profitability. This is down 4.3 percentage points from the prior year.

Net Margin

11.9%

YoY-5.3pp

5Y CAGR+1.2pp

10Y CAGR+3.5pp

Consolidated Edison Inc's net profit margin was 11.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.3 percentage points from the prior year.

Return on Equity

8.3%

YoY-3.6pp

5Y CAGR+0.8pp

10Y CAGR-0.4pp

Consolidated Edison Inc's ROE was 8.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

YoY-100.0%

Consolidated Edison Inc spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

ED Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$15.3B+4.0%	$14.7B-6.4%	$15.7B+14.6%	$13.7B+11.7%	$12.2B-2.6%	$12.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	$27.0M+8.0%	$25.0M+4.2%	$24.0M0.0%	$24.0M
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$2.7B-16.5%	$3.2B+21.8%	$2.6B-7.1%	$2.8B+6.5%	$2.7B-0.8%	$2.7B
Interest Expense	$1.2B+16.0%	$1.0B+20.1%	$852.0M-5.9%	$905.0M-11.2%	$1.0B+2.8%	$991.0M
Income Tax	$318.0M-34.7%	$487.0M-2.2%	$498.0M+162.1%	$190.0M+111.1%	$90.0M-69.6%	$296.0M
Net Income	$1.8B-27.7%	$2.5B+51.7%	$1.7B+23.3%	$1.3B+22.3%	$1.1B-18.0%	$1.3B
EPS (Diluted)	$5.24-27.3%	$7.21+54.7%	$4.66+21.0%	$3.85+17.4%	$3.28-19.6%	$4.08

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$4.5B+26.0%	$3.6B-25.1%	$4.8B+30.9%	$3.7B+13.8%	$3.2B-24.8%	$4.3B+24.3%	$3.4B-11.1%	$3.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$968.0M+172.7%	$355.0M-68.4%	$1.1B+135.8%	$477.0M+49.1%	$320.0M-68.3%	$1.0B+124.2%	$451.0M-37.5%	$722.0M
Interest Expense	$309.0M+3.0%	$300.0M-4.2%	$313.0M+3.0%	$304.0M+5.6%	$288.0M-0.3%	$289.0M+8.6%	$266.0M+2.7%	$259.0M
Income Tax	$202.0M+304.0%	$50.0M-79.3%	$242.0M+2100.0%	$11.0M+210.0%	-$10.0M-105.4%	$184.0M+159.2%	$71.0M-50.7%	$144.0M
Net Income	$688.0M+179.7%	$246.0M-68.9%	$791.0M+155.2%	$310.0M+53.5%	$202.0M-71.9%	$720.0M+115.6%	$334.0M-36.5%	$526.0M
EPS (Diluted)	$1.90+179.4%	$0.68-69.8%	$2.25+152.8%	$0.89+53.4%	$0.58-72.1%	$2.08+110.1%	$0.99-34.9%	$1.52

ED Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$70.6B+6.4%	$66.3B-4.0%	$69.1B+9.4%	$63.1B+0.4%	$62.9B+8.3%	$58.1B
Current Assets	$6.7B+1.9%	$6.5B-49.6%	$13.0B+133.7%	$5.6B+4.7%	$5.3B+24.1%	$4.3B
Cash & Equivalents	$1.3B+11.4%	$1.2B-7.3%	$1.3B+29.2%	$992.0M-22.0%	$1.3B+29.7%	$981.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.4B+0.9%	$2.4B+10.3%	$2.2B+12.8%	$1.9B+14.2%	$1.7B+37.6%	$1.2B
Goodwill	$408.0M0.0%	$408.0M0.0%	$408.0M-7.1%	$439.0M-1.6%	$446.0M0.0%	$446.0M
Total Liabilities	$48.6B+7.6%	$45.2B-6.6%	$48.4B+12.3%	$43.1B-2.2%	$44.0B+10.0%	$40.1B
Current Liabilities	$6.4B-0.4%	$6.5B-43.0%	$11.3B+108.9%	$5.4B-26.2%	$7.4B+17.0%	$6.3B
Long-Term Debt	$24.7B+12.4%	$22.0B-2.0%	$22.4B-0.7%	$22.6B+10.9%	$20.4B+10.0%	$18.5B
Total Equity	$22.0B+3.8%	$21.2B+2.3%	$20.7B+3.2%	$20.0B+6.3%	$18.8B+4.6%	$18.0B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$71.8B+0.5%	$71.5B+1.1%	$70.7B+0.2%	$70.6B+3.9%	$67.9B+1.9%	$66.7B+0.5%	$66.3B+3.0%	$64.4B
Current Assets	$5.5B-9.8%	$6.0B-1.4%	$6.1B-8.0%	$6.7B+2.7%	$6.5B+5.2%	$6.2B-5.7%	$6.5B+10.1%	$5.9B
Cash & Equivalents	$181.0M-88.0%	$1.5B+318.3%	$360.0M-72.8%	$1.3B-11.7%	$1.5B+787.6%	$169.0M-85.8%	$1.2B+120.6%	$539.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.3B-1.9%	$2.4B-13.0%	$2.7B+12.7%	$2.4B+0.7%	$2.4B-7.4%	$2.6B+8.3%	$2.4B+18.1%	$2.0B
Goodwill	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M
Total Liabilities	$47.7B-0.1%	$47.7B+1.8%	$46.9B-3.5%	$48.6B+4.8%	$46.4B+2.9%	$45.1B-0.2%	$45.2B+4.3%	$43.3B
Current Liabilities	$5.1B-7.9%	$5.5B+15.4%	$4.8B-25.7%	$6.4B+3.5%	$6.2B-0.4%	$6.2B-3.4%	$6.5B+6.8%	$6.0B
Long-Term Debt	N/A	N/A	N/A	$24.7B+6.0%	$23.3B+6.3%	$21.9B-0.3%	$22.0B+6.5%	$20.6B
Total Equity	$24.2B+1.7%	$23.8B-0.1%	$23.8B+8.3%	$22.0B+1.9%	$21.6B-0.3%	$21.6B+2.2%	$21.2B+0.4%	$21.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ED Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$3.6B+67.6%	$2.2B-45.2%	$3.9B+44.0%	$2.7B+24.3%	$2.2B-29.9%	$3.1B
Capital Expenditures	N/A	N/A	$4.5B+12.6%	$4.0B-3.0%	$4.1B+11.1%	$3.7B
Free Cash Flow	N/A	N/A	-$530.0M+56.9%	-$1.2B+34.8%	-$1.9B-248.2%	-$542.0M
Investing Cash Flow	-$5.3B-425.7%	-$1.0B+78.0%	-$4.6B-31.0%	-$3.5B+17.5%	-$4.2B-11.7%	-$3.8B
Financing Cash Flow	$1.8B+220.8%	-$1.5B-246.7%	$1.0B+120.0%	$461.0M-79.5%	$2.2B+161.4%	$859.0M
Dividends Paid	$1.1B+0.4%	$1.1B+0.6%	$1.1B+5.7%	$1.0B+5.6%	$975.0M+5.5%	$924.0M
Share Buybacks	$0-100.0%	$1.0B	$0	$0	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$504.0M-74.5%	$2.0B+136.4%	$837.0M-36.1%	$1.3B-2.2%	$1.3B+133.7%	$573.0M-41.2%	$975.0M+5635.3%	$17.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.1B+20.6%	-$1.4B-15.7%	-$1.2B+11.1%	-$1.4B-8.3%	-$1.3B+4.9%	-$1.3B+0.8%	-$1.4B-23.2%	-$1.1B
Financing Cash Flow	-$698.0M-217.9%	$592.0M+202.2%	-$579.0M-144.4%	$1.3B+2.7%	$1.3B+610.4%	-$249.0M-124.2%	$1.0B+414.7%	-$327.0M
Dividends Paid	$295.0M+0.3%	$294.0M+4.3%	$282.0M+2.2%	$276.0M+0.4%	$275.0M+0.4%	$274.0M+2.6%	$267.0M0.0%	$267.0M
Share Buybacks	N/A	N/A	N/A	$0	$0	$0	$0	$0

ED Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	17.5%-4.3pp	21.8%+5.0pp	16.8%-3.9pp	20.7%-1.0pp	21.7%+0.4pp	21.3%
Net Margin	11.9%-5.3pp	17.2%+6.6pp	10.6%+0.7pp	9.8%+0.9pp	9.0%-1.7pp	10.7%
Return on Equity	8.3%-3.6pp	11.9%+3.9pp	8.0%+1.3pp	6.7%+0.9pp	5.8%-1.6pp	7.4%
Return on Assets	2.6%-1.2pp	3.8%+1.4pp	2.4%+0.3pp	2.1%+0.4pp	1.8%-0.6pp	2.3%
Current Ratio	1.04+0.0	1.01-0.1	1.14+0.1	1.02+0.3	0.72+0.0	0.68
Debt-to-Equity	1.13+0.1	1.04-0.0	1.08-0.0	1.13+0.0	1.08+0.1	1.03
FCF Margin	N/A	N/A	-3.4%+5.6pp	-9.0%+6.4pp	-15.4%-11.1pp	-4.3%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	21.4%+11.5pp	9.9%-13.6pp	23.4%+10.4pp	13.0%+3.1pp	9.9%-13.7pp	23.6%+10.5pp	13.1%-5.5pp	18.6%
Net Margin	15.2%+8.3pp	6.8%-9.6pp	16.5%+8.0pp	8.5%+2.2pp	6.3%-10.5pp	16.8%+7.1pp	9.7%-3.9pp	13.6%
Return on Equity	2.9%+1.8pp	1.0%-2.3pp	3.3%+1.9pp	1.4%+0.5pp	0.9%-2.4pp	3.3%+1.8pp	1.6%-0.9pp	2.5%
Return on Assets	1.0%+0.6pp	0.3%-0.8pp	1.1%+0.7pp	0.4%+0.1pp	0.3%-0.8pp	1.1%+0.6pp	0.5%-0.3pp	0.8%
Current Ratio	1.07-0.0	1.10-0.2	1.28+0.2	1.040.0	1.04+0.1	0.99-0.0	1.01+0.0	0.98
Debt-to-Equity	1.97-0.0	2.01+0.0	1.97+0.8	1.13+0.0	1.08+0.1	1.01-0.0	1.04+0.1	0.98
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

$37.7B

$39.9B

$47.5B

$48.3B

$43.1B

Frequently Asked Questions

What is Consolidated Edison Inc's annual revenue?

Consolidated Edison Inc (ED) reported $15.3B in total revenue for fiscal year 2024. This represents a 4.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Consolidated Edison Inc's revenue growing?

Consolidated Edison Inc (ED) revenue grew by 4% year-over-year, from $14.7B to $15.3B in fiscal year 2024.

Is Consolidated Edison Inc profitable?

Yes, Consolidated Edison Inc (ED) reported a net income of $1.8B in fiscal year 2024, with a net profit margin of 11.9%.

What is Consolidated Edison Inc's earnings per share (EPS)?

Consolidated Edison Inc (ED) reported diluted earnings per share of $5.24 for fiscal year 2024. This represents a -27.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Consolidated Edison Inc's EBITDA?

Consolidated Edison Inc (ED) had EBITDA of $4.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Consolidated Edison Inc have?

As of fiscal year 2024, Consolidated Edison Inc (ED) had $1.3B in cash and equivalents against $24.7B in long-term debt.

What is Consolidated Edison Inc's operating margin?

Consolidated Edison Inc (ED) had an operating margin of 17.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Consolidated Edison Inc's net profit margin?

Consolidated Edison Inc (ED) had a net profit margin of 11.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Consolidated Edison Inc pay dividends?

Yes, Consolidated Edison Inc (ED) paid $3.32 per share in dividends during fiscal year 2024.

What is Consolidated Edison Inc's return on equity (ROE)?

Consolidated Edison Inc (ED) has a return on equity of 8.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Consolidated Edison Inc's operating cash flow?

Consolidated Edison Inc (ED) generated $3.6B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Consolidated Edison Inc's total assets?

Consolidated Edison Inc (ED) had $70.6B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Consolidated Edison Inc have outstanding?

Consolidated Edison Inc (ED) had 347M shares outstanding as of fiscal year 2024.

What is Consolidated Edison Inc's current ratio?

Consolidated Edison Inc (ED) had a current ratio of 1.04 as of fiscal year 2024, which is considered adequate.

What is Consolidated Edison Inc's debt-to-equity ratio?

Consolidated Edison Inc (ED) had a debt-to-equity ratio of 1.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Consolidated Edison Inc's return on assets (ROA)?

Consolidated Edison Inc (ED) had a return on assets of 2.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Consolidated Edison Inc's Piotroski F-Score?

Consolidated Edison Inc (ED) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Consolidated Edison Inc's earnings high quality?

Consolidated Edison Inc (ED) has an earnings quality ratio of 1.99x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Consolidated Edison Inc cover its interest payments?

Consolidated Edison Inc (ED) has an interest coverage ratio of 2.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Consolidated Edison Inc?

Consolidated Edison Inc (ED) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.