Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey.
It is a $39.2B utility company. Revenue grew 9.5% over the last year, it keeps 13¢ of every dollar of sales as profit, and it carries $23.9B of net debt. It trades at 17.6× earnings — in the cheapest third of its own history.
- Website
- conedison.com
- Location
- New York, NY
- Employees
- 15 407
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Health and Moat lag behind.
Valuation60
- P/E vs own history28th pct · 20/25
- FCF yield-2.2% · 0/25
- P/S2.2x · 20/25
- EV/EBITDA11.5x · 20/25
Growth64
- Revenue CAGR5.5% · 12/25
- Net income CAGR10.7% · 20/25
- EPS CAGR ~5Y11.5% · 20/25
- Fwd implied growth8.5% · 12/25
Profitability57
- ROIC6.2% · 5/25
- ROE8.9% · 12/25
- Net margin12.5% · 20/25
- Operating margin19.1% · 20/25
Health30
- Altman Z0.96 · 3/25
- Current ratio1.27 · 12/25
- Interest coverage3.5x · 10/25
- Net cash / debtD/A 32% · 5/25
Quality72
- Piotroski F7/9 · 22/25
- Beneish M-2.59 · 25/25
- FCF conversion-39% · 0/25
- Margin stabilityσ 3.8% · 25/25
Moat48
- ROIC >12% years0/9 yrs · 0/25
- Median gross margin58.7% · 25/25
- FCF-positive years3/7 yrs · 5/25
- Worst-year net marginworst 9.0% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2024MilestoneIt is one of the largest investor-owned energy companies in the United States
- FY2023FinancialBest year on record$2.52B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$12.1B in first reported year
- 2000AcquisitionEntergy acquired Indian Point 2 in November 2000, nine months after a steam generator leak
- 1998AcquisitionAlso in 1998, Consolidated Edison, Inc. acquired Orange & Rockland Utilities
- 1954AcquisitionCon Edison bought it in 1954, and now operates the largest commercial steam system in the world, providing steam…
- 1936AcquisitionConsolidated Edison acquired or merged with more than a dozen companies between 1936 and 1960
- 1901AcquisitionThe Consolidated Gas Company bought Edison Illuminating Company
- 1884AcquisitionNew York Gas Light merged with the Manhattan Gas Light Company (inc
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (46.7%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Negative free cash flow (-$862.0M)
- Altman Z-Score 0.96 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+9.5% YoY
- Profitable — makes more than it spends$2.22B TTM
- Profit growing — earnings are higher than last year+6.5% YoY
- Generates cash — cash left after running and investing-$862M TTM
- Debt under control — could handle its obligationscurrent ratio 1.27
- Established company — not a micro-cap — lower blow-up risk$39.2B market cap
- Not printing shares — share count not ballooning — you keep your slice+6.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.0 — distress
- Pays a dividend — returns cash to shareholdersyield 3.10%
- Valuation not extreme — price not wildly above earningsP/E 17.6
Peer comparisonConsolidated Edison, Inc. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ED this company | $39.2B | 17.6 | +9.5% | 12.5% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ED
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ED on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $106.10 · market cap $39.2B.