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

Consolidated Edison Inc (ED) reported diluted earnings per share of $5.64 for fiscal year 2025. This represents a 7.6% 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.

Consolidated Edison Inc Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Consolidated Edison Inc (ED) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI ED FY2025 2026-05-07

Heavy reinvestment and a tight working-capital posture make cash financing, not margin swings, the key operating mechanic here.

Recent annual results show operating margin stability, staying between 17.4% and 21.8%. Meanwhile, operating cash flow rose from $2.2B to $4.8B, suggesting reported profitability is steadier than cash timing and that working-capital movements matter more than a changing cost structure.

Most recently, operating cash flow of $4.8B almost covered investing outflow of $5.2B, so the business largely funds its asset build internally but still needs external financing to close the gap. A current ratio around 1.0x shows that short-term liquidity is managed tightly rather than with a large cash cushion.

This is a capital-heavy operation: depreciation reached $2.3B while debt-to-equity stayed near 1.1x instead of stepping sharply higher. Even so, interest expense climbed from $1.0B to $1.2B, so a larger share of operating earnings is being absorbed before it reaches shareholders.

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Consolidated Edison Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Consolidated Edison Inc has an operating margin of 17.3%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 17.5% the prior year.

Growth

Consolidated Edison Inc's revenue grew 10.9% year-over-year to $16.9B, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

Consolidated Edison Inc carries a low D/E ratio of 1.06, meaning only $1.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Consolidated Edison Inc's current ratio of 1.02 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Consolidated Edison Inc generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from 0.0% the prior year.

Altman Z-Score Distress

1.11

Consolidated Edison Inc scores 1.11, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Consolidated Edison Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2372.71x

For every $1 of reported earnings, Consolidated Edison Inc generates $2372.71 in operating cash flow ($4.8B OCF vs $2.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.4x

Consolidated Edison Inc earns $2.4 in operating income for every $1 of interest expense ($2.9B vs $1.2B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$16.9B

YoY+10.9%

5Y CAGR+6.7%

10Y CAGR+3.0%

Consolidated Edison Inc generated $16.9B in revenue in fiscal year 2025. This represents an increase of 10.9% from the prior year.

EBITDA

$5.3B

YoY+8.9%

5Y CAGR+2.8%

10Y CAGR+4.0%

Consolidated Edison Inc's EBITDA was $5.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.9% from the prior year.

Net Income

$2.0M

YoY+11.2%

5Y CAGR-71.6%

10Y CAGR-47.2%

Consolidated Edison Inc reported $2.0M in net income in fiscal year 2025. This represents an increase of 11.2% from the prior year.

EPS (Diluted)

$5.64

YoY+7.6%

5Y CAGR+11.5%

10Y CAGR+3.4%

Consolidated Edison Inc earned $5.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.6B

YoY+23.0%

5Y CAGR+5.1%

10Y CAGR+5.6%

Consolidated Edison Inc held $1.6B in cash against $25.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

361M

YoY+4.2%

5Y CAGR+1.1%

10Y CAGR+2.1%

Consolidated Edison Inc had 361M shares outstanding in fiscal year 2025. This represents an increase of 4.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

17.3%

YoY-0.2pp

5Y CAGR-4.3pp

10Y CAGR-2.0pp

Consolidated Edison Inc's operating margin was 17.3% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin

0.0%

YoY+0.0pp

5Y CAGR-9.0pp

10Y CAGR-9.5pp

Consolidated Edison Inc's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.

Return on Equity

0.0%

YoY+0.0pp

5Y CAGR-5.8pp

10Y CAGR-9.1pp

Consolidated Edison Inc's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Consolidated Edison Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

ED Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$16.9B+10.9%	$15.3B+4.0%	$14.7B-6.4%	$15.7B+14.6%	$13.7B+11.7%	$12.2B
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	N/A	$27.0M+8.0%	$25.0M+4.2%	$24.0M
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$2.9B+9.9%	$2.7B-16.5%	$3.2B+21.8%	$2.6B-7.1%	$2.8B+6.5%	$2.7B
Interest Expense	$1.2B+3.9%	$1.2B+16.0%	$1.0B+20.1%	$852.0M-5.9%	$905.0M-11.2%	$1.0B
Income Tax	$574.0M+80.5%	$318.0M-34.7%	$487.0M-2.2%	$498.0M+162.1%	$190.0M+111.1%	$90.0M
Net Income	$2.0M+11.2%	$1.8M-27.7%	$2.5M+51.7%	$1.7M+23.3%	$1.3M-99.9%	$1.1B
EPS (Diluted)	$5.64+7.6%	$5.24-27.3%	$7.21+54.7%	$4.66+21.0%	$3.85+17.4%	$3.28

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$5.1B+27.5%	$4.0B-11.8%	$4.5B+26.0%	$3.6B-25.1%	$4.8B+30.9%	$3.7B-10.5%	$4.1B+27.1%	$3.2B
Cost of Revenue	$756.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$2.3B	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	$1.2B+141.7%	$487.0M-49.7%	$968.0M+172.7%	$355.0M-68.4%	$1.1B+135.8%	$477.0M-44.7%	$862.0M+169.4%	$320.0M
Interest Expense	$308.0M-1.0%	$311.0M+0.6%	$309.0M+3.0%	$300.0M-4.2%	$313.0M+3.0%	$304.0M-0.7%	$306.0M+6.3%	$288.0M
Income Tax	$303.0M+278.8%	$80.0M-60.4%	$202.0M+304.0%	$50.0M-79.3%	$242.0M+2100.0%	$11.0M-91.7%	$133.0M+1430.0%	-$10.0M
Net Income	$924.0M+153.6%	-$1.7B-350.4%	$688.0M+179.7%	$246.0M-68.9%	$791.0M+152.4%	-$1.5B-356.5%	$588.0M+191.1%	$202.0M
EPS (Diluted)	$2.54	N/A	$1.90+179.4%	$0.68-69.8%	$2.25	N/A	$1.69+191.4%	$0.58

ED Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$74.6B+5.7%	$70.6B+6.4%	$66.3B-4.0%	$69.1B+9.4%	$63.1B+0.4%	$62.9B
Current Assets	$6.8B+1.3%	$6.7B+1.9%	$6.5B-49.6%	$13.0B+133.7%	$5.6B+4.7%	$5.3B
Cash & Equivalents	$1.6B+23.0%	$1.3B+11.4%	$1.2B-7.3%	$1.3B+29.2%	$992.0M-22.0%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.6B+5.9%	$2.4B+0.9%	$2.4B+10.3%	$2.2B+12.8%	$1.9B+14.2%	$1.7B
Goodwill	$406.0M-0.5%	$408.0M0.0%	$408.0M0.0%	$408.0M-7.1%	$439.0M-1.6%	$446.0M
Total Liabilities	$50.4B+3.7%	$48.6B+7.6%	$45.2B-6.6%	$48.4B+12.3%	$43.1B-2.2%	$44.0B
Current Liabilities	$6.6B+2.8%	$6.4B-0.4%	$6.5B-43.0%	$11.3B+108.9%	$5.4B-26.2%	$7.4B
Long-Term Debt	$25.6B+3.4%	$24.7B+12.4%	$22.0B-2.0%	$22.4B-0.7%	$22.6B+10.9%	$20.4B
Total Equity	$24.2B+10.1%	$22.0B+3.8%	$21.2B+2.3%	$20.7B+3.2%	$20.0B+6.3%	$18.8B
Retained Earnings	$14.9B+5.8%	$14.0B	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$74.7B+0.2%	$74.6B+3.8%	$71.8B+0.5%	$71.5B+1.1%	$70.7B+0.2%	$70.6B+2.8%	$68.6B+1.1%	$67.9B
Current Assets	$6.3B-6.9%	$6.8B+23.6%	$5.5B-9.8%	$6.0B-1.4%	$6.1B-8.0%	$6.7B+9.6%	$6.1B-6.3%	$6.5B
Cash & Equivalents	$147.0M-91.0%	$1.6B+800.0%	$181.0M-88.0%	$1.5B+318.3%	$360.0M-72.8%	$1.3B+1323.7%	$93.0M-93.8%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.8B+8.9%	$2.6B+10.1%	$2.3B-1.9%	$2.4B-13.0%	$2.7B+12.7%	$2.4B-4.9%	$2.6B+5.9%	$2.4B
Goodwill	$406.0M0.0%	$406.0M-0.5%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M0.0%	$408.0M
Total Liabilities	$49.1B-2.5%	$50.4B+5.7%	$47.7B-0.1%	$47.7B+1.8%	$46.9B-3.5%	$48.6B+4.0%	$46.7B+0.8%	$46.4B
Current Liabilities	$5.3B-20.1%	$6.6B+30.2%	$5.1B-7.9%	$5.5B+15.4%	$4.8B-25.7%	$6.4B+6.7%	$6.0B-3.0%	$6.2B
Long-Term Debt	N/A	$25.6B	N/A	N/A	N/A	$24.7B+5.4%	$23.4B+0.5%	$23.3B
Total Equity	$25.6B+5.8%	$24.2B+0.1%	$24.2B+1.7%	$23.8B-0.1%	$23.8B+8.3%	$22.0B+0.3%	$21.9B+1.6%	$21.6B
Retained Earnings	$15.5B+4.1%	$14.9B	N/A	N/A	N/A	$14.0B	N/A	N/A

ED Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4.8B+32.8%	$3.6B+67.6%	$2.2B-45.2%	$3.9B+44.0%	$2.7B+24.3%	$2.2B
Capital Expenditures	N/A	N/A	N/A	$4.5B+12.6%	$4.0B-3.0%	$4.1B
Free Cash Flow	N/A	N/A	N/A	-$530.0M+56.9%	-$1.2B+34.8%	-$1.9B
Investing Cash Flow	-$5.2B+0.5%	-$5.3B-425.7%	-$1.0B+78.0%	-$4.6B-31.0%	-$3.5B+17.5%	-$4.2B
Financing Cash Flow	$746.0M-58.5%	$1.8B+220.8%	-$1.5B-246.7%	$1.0B+120.0%	$461.0M-79.5%	$2.2B
Dividends Paid	$1.2B+6.0%	$1.1B+0.4%	$1.1B+0.6%	$1.1B+5.7%	$1.0B+5.6%	$975.0M
Share Buybacks	$0	$0-100.0%	$1.0B	$0	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$174.0M-88.2%	$1.5B+193.7%	$504.0M-74.5%	$2.0B+136.4%	$837.0M-36.1%	$1.3B+234.2%	$392.0M-70.7%	$1.3B
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	-$936.0M+36.0%	-$1.5B-29.4%	-$1.1B+20.6%	-$1.4B-15.7%	-$1.2B+11.1%	-$1.4B-9.2%	-$1.3B+0.9%	-$1.3B
Financing Cash Flow	-$721.0M-150.4%	$1.4B+305.0%	-$698.0M-217.9%	$592.0M+202.2%	-$579.0M-144.4%	$1.3B+346.2%	-$530.0M-141.7%	$1.3B
Dividends Paid	$308.0M+4.4%	$295.0M0.0%	$295.0M+0.3%	$294.0M+4.3%	$282.0M+2.2%	$276.0M+0.4%	$275.0M0.0%	$275.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0	$0	$0

ED Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	17.3%-0.2pp	17.5%-4.3pp	21.8%+5.0pp	16.8%-3.9pp	20.7%-1.0pp	21.7%
Net Margin	0.0%0.0pp	0.0%-0.0pp	0.0%+0.0pp	0.0%0.0pp	0.0%-9.0pp	9.0%
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-5.8pp	5.8%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-1.8pp	1.8%
Current Ratio	1.02-0.0	1.04+0.0	1.01-0.1	1.14+0.1	1.02+0.3	0.72
Debt-to-Equity	1.06-0.1	1.13+0.1	1.04-0.0	1.08-0.0	1.13+0.0	1.08
FCF Margin	N/A	N/A	N/A	-3.4%+5.6pp	-9.0%+6.4pp	-15.4%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	75.1%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	23.1%+10.9pp	12.2%-9.2pp	21.4%+11.5pp	9.9%-13.6pp	23.4%+10.4pp	13.0%-8.0pp	21.1%+11.1pp	9.9%
Net Margin	18.1%+61.3pp	-43.1%-58.3pp	15.2%+8.3pp	6.8%-9.6pp	16.5%+57.6pp	-41.2%-55.5pp	14.4%+8.1pp	6.3%
Return on Equity	3.6%+10.7pp	-7.1%-10.0pp	2.9%+1.8pp	1.0%-2.3pp	3.3%+10.2pp	-6.9%-9.6pp	2.7%+1.8pp	0.9%
Return on Assets	1.2%+3.5pp	-2.3%-3.3pp	1.0%+0.6pp	0.3%-0.8pp	1.1%+3.3pp	-2.1%-3.0pp	0.9%+0.6pp	0.3%
Current Ratio	1.19+0.2	1.02-0.1	1.07-0.0	1.10-0.2	1.28+0.2	1.04+0.0	1.01-0.0	1.04
Debt-to-Equity	1.92+0.9	1.06-0.9	1.97-0.0	2.01+0.0	1.97+0.8	1.13+0.1	1.07-0.0	1.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Consolidated Edison Inc's annual revenue?

Consolidated Edison Inc (ED) reported $16.9B in total revenue for fiscal year 2025. This represents a 10.9% 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 10.9% year-over-year, from $15.3B to $16.9B in fiscal year 2025.

Is Consolidated Edison Inc profitable?

Yes, Consolidated Edison Inc (ED) reported a net income of $2.0M in fiscal year 2025, with a net profit margin of 0.0%.

What is Consolidated Edison Inc's EBITDA?

Consolidated Edison Inc (ED) had EBITDA of $5.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Consolidated Edison Inc have?

As of fiscal year 2025, Consolidated Edison Inc (ED) had $1.6B in cash and equivalents against $25.6B in long-term debt.

What is Consolidated Edison Inc's operating margin?

Consolidated Edison Inc (ED) had an operating margin of 17.3% in fiscal year 2025, 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 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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

Consolidated Edison Inc (ED) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Consolidated Edison Inc's operating cash flow?

Consolidated Edison Inc (ED) generated $4.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Consolidated Edison Inc's total assets?

Consolidated Edison Inc (ED) had $74.6B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Consolidated Edison Inc have outstanding?

Consolidated Edison Inc (ED) had 361M shares outstanding as of fiscal year 2025.

What is Consolidated Edison Inc's current ratio?

Consolidated Edison Inc (ED) had a current ratio of 1.02 as of fiscal year 2025, 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 1.06 as of fiscal year 2025, 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 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Consolidated Edison Inc's Altman Z-Score?

Consolidated Edison Inc (ED) has an Altman Z-Score of 1.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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

Consolidated Edison Inc (ED) has a Piotroski F-Score of 6 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 to 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 2372.71x, 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 2.4x, 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 36 out of 100 on our Financial Profile, indicating weak 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.