Consolidated Edison, Inc. logo

Consolidated Edison, Inc.

ED

NYSEUtilitiesRegulated Electric

Previous close

$106.35

−$1.96 · -1.81%

Aug 21, 4:00 PM ET

ED company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

71

Undervalued

Momentum

44

Neutral

Sentiment

65

Bullish

Risk resilience

87

Low Risk

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Company profile

Company website

Consolidated Edison, Inc., through its various subsidiaries, primarily operates in the regulated sectors of electricity, natural gas, and steam distribution across the United States. The company supplies electric power to approximately 3.5 million households and businesses in New York City and Westchester County. It also delivers natural gas to about 1.1 million customers located in Manhattan, the Bronx, specific parts of Queens, and Westchester County, while providing steam services to around 1,555 clients in certain Manhattan areas. Beyond these core regions, Consolidated Edison extends its electricity provision to roughly 300,000 customers in southeastern New York and northern New Jersey, and serves approximately 100,000 natural gas consumers in southeastern New York. Its extensive operational framework encompasses 533 circuit miles of transmission lines and 15 transmission substations. For distribution, it manages 64 substations, 87,564 in-service line transformers, 3,924 pole miles of overhead lines, and 2,291 miles of underground cabling. The natural gas network further includes 4,350 miles of main pipelines and 377,971 service connections. The company also engages in owning, operating, and developing projects for renewable energy and broader energy infrastructure. Furthermore, it offers a range of energy-related products and services to both wholesale and retail markets, and strategically invests in new electric and gas transmission ventures. Its electricity sales are predominantly directed toward industrial, commercial, residential, and governmental clients. Established in 1823, Consolidated Edison's corporate headquarters are situated in New York, New York.

Industry
Regulated Electric
Sector
Utilities
Headquarters
US
CEO
Timothy Cawley
Listed since
Feb 15, 2001
Employees
15,407

Market position

Day range

Current $106.35

52-week range

Current $106.35

Open
$108.34
Previous close
$108.31
Volume
1.71M
0.73× average
Average volume
2.33M
Average daily volume
Market cap
39.19B USD
Beta
0.26
Market reference 1
50-day average
$109.85
-3.19% below average
200-day average
$106.87
-0.49% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
62.62B USD
P/E (TTM)
17.41×
P/B (TTM)
1.53×
P/S (TTM)
2.22×
EV / EBITDA
10.18×
Earnings yield
5.70%
Free cash flow yield
0.10%
Dividend yield
3.30%

Profitability & efficiency

Gross margin
75.96%
Operating margin
17.98%
Net margin
12.53%
Return on equity
8.36%
Return on assets
2.71%
Return on invested capital
3.24%

Financial health

Debt / equity
1.1×
Current ratio
1.02×
Altman Z-score
1.22
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%48%26%4%Gross margin, FY2021: 65.01%Gross margin, FY2022: 60.98%Gross margin, FY2023: 61.17%Gross margin, FY2024: 63.99%Gross margin, FY2025: 62.02%Operating margin, FY2021: 20.48%Operating margin, FY2022: 16.69%Operating margin, FY2023: 15.77%Operating margin, FY2024: 17.91%Operating margin, FY2025: 17.32%Net margin, FY2021: 9.84%Net margin, FY2022: 10.60%Net margin, FY2023: 17.20%Net margin, FY2024: 11.93%Net margin, FY2025: 11.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 65.01%. Gross margin FY2022 60.98%. Gross margin FY2023 61.17%. Gross margin FY2024 63.99%. Gross margin FY2025 62.02%. Operating margin FY2021 20.48%. Operating margin FY2022 16.69%. Operating margin FY2023 15.77%. Operating margin FY2024 17.91%. Operating margin FY2025 17.32%. Net margin FY2021 9.84%. Net margin FY2022 10.60%. Net margin FY2023 17.20%. Net margin FY2024 11.93%. Net margin FY2025 11.96%.

Income trends

Revenue

16.92B USD+10.89%

Operating income

2.93B USD+7.28%

Net income

2.02B USD+11.15%
Income trends across reported periods18.48B USD12.25B USD6.02B USD−211.2M USDRevenue, FY2021: 13.67B USDRevenue, FY2022: 15.67B USDRevenue, FY2023: 14.65B USDRevenue, FY2024: 15.26B USDRevenue, FY2025: 16.92B USDOperating income, FY2021: 2.8B USDOperating income, FY2022: 2.62B USDOperating income, FY2023: 2.31B USDOperating income, FY2024: 2.73B USDOperating income, FY2025: 2.93B USDNet income, FY2021: 1.35B USDNet income, FY2022: 1.66B USDNet income, FY2023: 2.52B USDNet income, FY2024: 1.82B USDNet income, FY2025: 2.02B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 13.67B USD. Revenue FY2022 15.67B USD. Revenue FY2023 14.65B USD. Revenue FY2024 15.26B USD. Revenue FY2025 16.92B USD. Operating income FY2021 2.8B USD. Operating income FY2022 2.62B USD. Operating income FY2023 2.31B USD. Operating income FY2024 2.73B USD. Operating income FY2025 2.93B USD. Net income FY2021 1.35B USD. Net income FY2022 1.66B USD. Net income FY2023 2.52B USD. Net income FY2024 1.82B USD. Net income FY2025 2.02B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue16.92B USD15.26B USD14.65B USD15.67B USD13.67B USD
Cost of goods sold6.43B USD5.49B USD5.69B USD6.11B USD4.78B USD
Gross profit10.49B USD9.76B USD8.96B USD9.55B USD8.89B USD
Research and development27M USD25M USD
Selling, general, and administrative3.75B USD3.61B USD3.91B USD3.25B USD
Operating expenses7.56B USD7.03B USD6.65B USD6.94B USD6.09B USD
Interest income63M USD99M USD14M USD
Interest expense1.23B USD1.19B USD1.02B USD951M USD919M USD
Depreciation and amortization2.32B USD2.16B USD2.03B USD2.06B USD2.03B USD
Operating income2.93B USD2.73B USD2.31B USD2.62B USD2.8B USD
Net income2.02B USD1.82B USD2.52B USD1.66B USD1.35B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+4.81%
11 comparable reports
Latest EPS result
0.83
Estimate 0.76 · Beat by 9.79%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.411.791.170.54Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.98, estimate 0.954, surprise +2.73%, Beat. Q2 2025, reported May 1, 2025: actual 2.25, estimate 2.21, surprise +1.81%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.67, estimate 0.641, surprise +4.52%, Beat. Q4 2025, reported Nov 6, 2025: actual 1.9, estimate 1.74, surprise +9.20%, Beat. Q1 2026, reported Feb 19, 2026: actual 0.89, estimate 0.856, surprise +3.97%, Beat. Q2 2026, reported May 7, 2026: actual 2.17, estimate 2.28, surprise -4.82%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.83, estimate 0.756, surprise +9.79%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 2.06, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.43B4.7B3.98B3.25BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 3.67B USD, estimate 3.68B USD, surprise -0.31%, Miss. Q2 2025, reported May 1, 2025: actual 4.8B USD, estimate 4.26B USD, surprise +12.63%, Beat. Q3 2025, reported Aug 7, 2025: actual 3.6B USD, estimate 3.46B USD, surprise +3.85%, Beat. Q4 2025, reported Nov 6, 2025: actual 4.53B USD, estimate 4.22B USD, surprise +7.44%, Beat. Q1 2026, reported Feb 19, 2026: actual 4B USD, estimate 3.61B USD, surprise +10.60%, Beat. Q2 2026, reported May 7, 2026: actual 5.1B USD, estimate 5.22B USD, surprise -2.42%, Miss. Q3 2026, reported Aug 6, 2026: actual 4.07B USD, estimate 3.6B USD, surprise +13.11%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 4.75B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

27 ratings
Strong buy00%
Buy27%
Hold1867%
Sell726%
Strong sell00%

Recent analyst actions

12 institutions
TD CowenmaintainHold

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.40

2025 complete year+9.7% since 2021

2026 partial: $2.6625

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 19, 2026

$0.8875

Quarterly

Record Aug 19, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend May 13, 2026

$0.8875

Quarterly

Record May 13, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Feb 18, 2026

$0.8875

Quarterly

Record Feb 18, 2026 · Payment Mar 16, 2026

Dividend

Ex-dividend Nov 19, 2025

$0.85

Quarterly

Record Nov 19, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 13, 2025

$0.85

Quarterly

Record Aug 13, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 14, 2025

$0.85

Quarterly

Record May 14, 2025 · Payment Jun 16, 2025

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