Utilities · Regulated Electric
Price
$111.12
Market Cap
$41.0B
Employees
15,097
Beta
0.26
Avg Volume
2,339,701
CEO
Timothy Cawley
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.
Runs with full report
Price Overview
Last updated: Jul 13, 2026 5:50am (just now)
Current data · timestamped when a report runs
$111.12
Change · Jul 13
+0.85 (+0.77%)
Day Range
$110.18 – $111.43
52-Week Range
$94.96 – $116.23
50-Day MA
$108.09
200-Day MA
$105.38
Volume
952,532.00
Analyst Price Targets
Low
$97.00
Consensus
$107.75
High
$118.00
(67 analysts)
Share Structure
Outstanding
368,529,705.00
Float
367,841,217.00
Free Float
99.8%
High free float
— 99.8% of shares trade freely, ~0.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
18.72
Stock Price: $111.12
EPS (Diluted): 5.66
EPS (Diluted): 5.66
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.47
Stock Price: $111.12
Total Equity: $24.19B
Shares: 358,700,000
Total Equity: $24.19B
Shares: 358,700,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.75
Market Cap: $40.95B
Total Debt: $28.38B
Cash: $1.63B
EBITDA: $6.15B
Total Debt: $28.38B
Cash: $1.63B
EBITDA: $6.15B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$62.6B
Market Cap: $40.95B
Total Debt: $28.38B
Cash: $1.63B
Total Debt: $28.38B
Cash: $1.63B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
62.0%
Gross Profit: $10.49B
Revenue: $16.92B
Revenue: $16.92B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
17.3%
Operating Income: $2.93B
Revenue: $16.92B
Revenue: $16.92B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
12.0%
Net Income: $2.02B
Revenue: $16.92B
Revenue: $16.92B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
8.8%
Net Income: $2.02B
Total Equity: $24.19B
Total Equity: $24.19B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
3.2%
Operating Income: $2.93B
Tax Rate: 22.1%
Equity: $24.19B
Total Debt: $28.38B
Cash: $1.63B
Tax Rate: 22.1%
Equity: $24.19B
Total Debt: $28.38B
Cash: $1.63B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.02
Current Assets: $6.75B
Current Liabilities: $6.61B
Current Liabilities: $6.61B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.17
Short-Term Debt: $2.45B
Long-Term Debt: $25.93B
Total Debt: $28.38B
Total Equity: $24.19B
Long-Term Debt: $25.93B
Total Debt: $28.38B
Total Equity: $24.19B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$47.16
Revenue: $16.92B
Shares: 358,700,000
Shares: 358,700,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$67.44
Total Equity: $24.19B
Shares: 358,700,000
Shares: 358,700,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.10
Operating CF: $4.80B
CapEx: -$4.76B
Shares: 358,700,000
CapEx: -$4.76B
Shares: 358,700,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.3%
Last Dividend: N/A
Stock Price: $111.12
Stock Price: $111.12
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.02B
Net Income: $2.02B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ED against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 13, 2026 5:50am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.7B | $15.7B | $14.6B | $15.3B | $16.9B |
| Cost of Revenue | $4.8B | $6.1B | $5.7B | $5.5B | $6.4B |
| Gross Profit | $8.9B | $9.6B | $9.0B | $9.8B | $10.5B |
| Operating Expenses | $6.1B | $6.9B | $6.6B | $7.0B | $7.6B |
| Operating Income | $2.8B | $2.6B | $2.3B | $2.7B | $2.9B |
| Net Income | $1.3B | $1.7B | $2.5B | $1.8B | $2.0B |
| EBITDA | $4.4B | $5.2B | $6.1B | $5.5B | $6.2B |
| EPS | $3.86 | $4.68 | $7.24 | $5.26 | $5.66 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 13, 2026 5:50am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $992.0M | $1.3B | $1.2B | $1.3B | $1.6B |
| Total Current Assets | $5.6B | $13.0B | $6.5B | $6.7B | $6.8B |
| Total Assets | $63.1B | $69.1B | $66.3B | $70.6B | $74.6B |
| Current Liabilities | $5.4B | $11.3B | $6.5B | $6.4B | $6.6B |
| Long-Term Debt | $22.6B | $20.1B | $21.9B | $24.7B | $25.9B |
| Total Liabilities | $42.8B | $48.2B | $45.2B | $48.6B | $50.4B |
| Total Equity | $20.0B | $20.7B | $21.2B | $22.0B | $24.2B |
| Retained Earnings | $11.4B | $12.0B | $13.4B | $14.0B | $14.9B |
Cash Flow (Annual)
Last updated: Jul 13, 2026 5:50am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2.7B | $3.9B | $2.2B | $3.6B | $4.8B |
| Capital Expenditure | -$4.0B | -$4.2B | -$4.5B | -$4.8B | -$4.8B |
| Free Cash Flow | -$1.2B | -$233.0M | -$2.3B | -$1.2B | $36.0M |
| Acquisitions (net) | $812.0M | $0 | $3.9B | $0 | $45.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$1.0B | $0 | $0 |
| Net Change in Cash | -$290.0M | $384.0M | -$335.0M | $138.0M | $297.0M |
Analyst Estimates (Annual)
Last updated: Jul 13, 2026 5:50am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$18.2B $17.8B – $19.2B
|
$18.9B $18.8B – $19.0B
|
$18.9B $18.1B – $19.8B
|
$19.6B $18.8B – $20.6B
|
| EBITDA |
$7.6B $7.4B – $8.0B
|
$7.9B $7.8B – $7.9B
|
$7.9B $7.6B – $8.3B
|
$8.2B $7.8B – $8.6B
|
| Net Income |
$2.3B $2.2B – $2.4B
|
$2.5B $2.5B – $2.5B
|
$2.6B $2.5B – $2.8B
|
$2.8B $2.6B – $3.0B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 13, 2026 5:50am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +14.6% | -6.5% | +4.2% | +10.9% |
| Gross Profit Growth | +7.5% | -6.2% | +9.0% | +7.5% |
| Operating Income Growth | -6.6% | -11.7% | +18.3% | +7.3% |
| Net Income Growth | +23.3% | +51.7% | -27.7% | +11.2% |
| EBITDA Growth | +18.1% | +17.4% | -9.6% | +12.2% |
Dividend History (Last 20)
Last updated: Jul 13, 2026 5:50am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-13 | $0.89 | 2026-04-16 | 2026-05-13 | 2026-06-15 |
| 2026-02-18 | $0.89 | 2026-01-27 | 2026-02-18 | 2026-03-16 |
| 2025-11-19 | $0.85 | 2025-10-16 | 2025-11-19 | 2025-12-15 |
| 2025-08-13 | $0.85 | 2025-07-17 | 2025-08-13 | 2025-09-15 |
| 2025-05-14 | $0.85 | 2025-04-17 | 2025-05-14 | 2025-06-16 |
| 2025-02-19 | $0.85 | 2025-01-16 | 2025-02-19 | 2025-03-14 |
| 2024-11-13 | $0.83 | 2024-10-17 | 2024-11-13 | 2024-12-16 |
| 2024-08-14 | $0.83 | 2024-07-18 | 2024-08-14 | 2024-09-16 |
| 2024-05-14 | $0.83 | 2024-04-18 | 2024-05-15 | 2024-06-14 |
| 2024-02-13 | $0.83 | 2024-01-18 | 2024-02-14 | 2024-03-15 |
| 2023-11-14 | $0.81 | 2023-10-19 | 2023-11-15 | 2023-12-15 |
| 2023-08-15 | $0.81 | 2023-07-20 | 2023-08-16 | 2023-09-15 |
| 2023-05-16 | $0.81 | 2023-04-20 | 2023-05-17 | 2023-06-15 |
| 2023-02-14 | $0.81 | 2023-01-19 | 2023-02-15 | 2023-03-15 |
| 2022-11-15 | $0.79 | 2022-10-20 | 2022-11-16 | 2022-12-15 |
| 2022-08-16 | $0.79 | 2022-07-21 | 2022-08-17 | 2022-09-15 |
| 2022-05-17 | $0.79 | 2022-04-21 | 2022-05-18 | 2022-06-15 |
| 2022-02-15 | $0.79 | 2022-01-20 | 2022-02-16 | 2022-03-15 |
| 2021-11-16 | $0.78 | 2021-10-21 | 2021-11-17 | 2021-12-15 |
| 2021-08-17 | $0.78 | 2021-07-15 | 2021-08-18 | 2021-09-15 |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-08 | Andrews Kirkland B | F-InKind | 8,524.00 | $112.09 | $955,455 |
| 2026-07-01 | Farhadian Weinstein Tali | A-Award | 1,277.00 | $110.95 | $141,683 |
| 2026-07-01 | Farhadian Weinstein Tali | 0.00 | $0.00 | $0 | |
| 2026-06-30 | RANGER MICHAEL W | A-Award | 440.66 | $110.63 | $48,750 |
| 2026-06-15 | Miller Joseph | P-Purchase | 1.03 | $106.87 | $110 |
| 2026-05-19 | SUTHERLAND L FREDERICK | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | Cavanagh Brendan Thomas | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | Zoi Catherine | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | Stanley Deirdre | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | SANFORD LINDA S | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | RANGER MICHAEL W | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | MULROW WILLIAM J | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | McBride Dwight A | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | Mason Karol V | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-05-19 | KILLIAN JOHN F | A-Award | 1,596.00 | $106.51 | $169,990 |
| 2026-03-31 | RANGER MICHAEL W | A-Award | 430.73 | $113.18 | $48,750 |
| 2026-03-16 | Miller Joseph | P-Purchase | 0.95 | $115.55 | $109 |
| 2026-03-12 | Donnley Deneen L | S-Sale | 1,922.00 | $113.94 | $218,993 |
| 2026-02-27 | MULROW WILLIAM J | S-Sale | 7,912.00 | $112.81 | $892,553 |
| 2026-02-18 | Sanchez Robert | M-Exempt | 5,370.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ED — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.419 · a47bea37 · 2026-07-12 16:28:07