Consolidated Edison
ED stock analysis · Utilities · Multi-Utilities
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-30. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-04-30 · -98.7% versus input cap
How this is calculated ↗Reverse DCF
No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.
How this is calculated ↗Relative valuation
11 industry peers · median 22.6×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 20.2× · 2.3% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $1.86 | $2.03 | $2.21 |
| 10.0% | $1.36 | $1.48 | $1.61 |
| 12.0% | $1.08 | $1.17 | $1.27 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 16.9B | 2B | 4.8B | 4.8B | 74.6B |
| 2024-12-31 | 15.3B | 1.8B | 3.6B | 4.8B | 70.6B |
| 2023-12-31 | 14.7B | 2.5B | 2.2B | 4.5B | 66.3B |
| 2022-12-31 | 15.5B | 1.6B | 3.9B | 4.5B | 69.1B |
| 2021-12-31 | 13.5B | 1.2B | 2.7B | 4B | 63.1B |
| 2020-12-31 | 12B | 1.1B | 2.2B | 4.1B | 62.9B |
| 2019-12-31 | 12.1B | 1.4B | 3.1B | 3.7B | 58.1B |
| 2018-12-31 | 11.9B | 1.4B | 2.7B | 5.2B | 53.9B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 16.9B | Revenues Reviewed fiscal 2023–2025 Consolidated Edison, Inc. total operating revenue after alternative-revenue-program adjustments. In 2025 total $16,918m is lower than customer-contract revenue $17,049m; this mapping follows the statement, not a numeric maximum. CECONY subsidiary revenue is not substituted. | 2026-02-19 |
| netIncome | 2B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-19 |
| Parent/common earnings proxy | 2B | NetIncomeLoss | 2026-02-19 |
| cfo | 4.8B | NetCashProvidedByUsedInOperatingActivities | 2026-02-19 |
| capex | 4.8B | Reviewed manual correction Reviewed Consolidated Edison, Inc. consolidated cash-flow statement: utility capital expenditures $4,764m (PaymentsForConstructionInProcess) plus explicitly reported nonutility capital expenditures $0m (ed:PaymentsNonUtilityConstructionExpenditures). Both are undimensioned consolidated cash-flow rows. The separately presented CECONY subsidiary statement is not added. Excludes the separate cost-of-removal-less-salvage line, disposals, noncash equipment and capex still in accounts payable. Zero nonutility expenditures are explicitly reported for this fiscal year. | 2026-02-19 |
| operatingIncome | 2.9B | OperatingIncomeLoss | 2026-02-19 |
| assets | 74.6B | Assets | 2026-02-19 |
| equity | 24.2B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-19 |
| Parent book equity proxy | 24.2B | StockholdersEquity | 2026-02-19 |
| debt | 25.8B | LongTermDebt | 2026-02-19 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 1.6B | CashAndCashEquivalentsAtCarryingValue | 2026-02-19 |
| shares | 358.7M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-19 |
| dividends | 1.2B | PaymentsOfDividendsCommonStock | 2026-02-19 |
| buybacks | 0 | PaymentsForRepurchaseOfCommonStock | 2026-02-19 |
| issuance | 1.4B | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Issuance of common shares - public offering: 1308000000 USD [us-gaap:ProceedsFromIssuanceInitialPublicOffering]; Issuance of common shares for stock plans: 64000000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 12 financing lines reconcile exactly to reported financing cash flow 746000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction. | 2026-02-19 |