Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.
It is a $43.1B utility company. Revenue grew 6.6% over the last year, it keeps 11¢ of every dollar of sales as profit, and it carries $49.4B of net debt. It trades at 15.5× earnings — in the cheapest third of its own history.
- Website
- exeloncorp.com
- Location
- Chicago, IL
- Employees
- 20 571
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Health and Moat lag behind.
Valuation70
- P/E vs own history13th pct · 25/25
- FCF yield-4.4% · 0/25
- P/S1.7x · 25/25
- EV/EBITDA10.4x · 20/25
Growth44
- Revenue CAGR-9.6% · 0/25
- Net income CAGR12.9% · 20/25
- EPS CAGR ~5Y6.4% · 12/25
- Fwd implied growth10.8% · 12/25
Profitability57
- ROIC3.5% · 5/25
- ROE9.6% · 12/25
- Net margin11.0% · 20/25
- Operating margin20.8% · 20/25
Health30
- Altman Z0.57 · 3/25
- Current ratio1.09 · 12/25
- Interest coverage2.5x · 10/25
- Net cash / debtD/A 42% · 5/25
Quality62
- Piotroski F7/9 · 22/25
- Beneish M-2.43 · 20/25
- FCF conversion-69% · 0/25
- Margin stabilityσ 5.5% · 20/25
Moat12
- ROIC >12% years0/10 yrs · 0/25
- Median gross margin12.0% · 0/25
- FCF-positive years1/10 yrs · 0/25
- Worst-year net marginworst 3.6% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Feb 2, 2022MilestoneExelon completed the corporate spin-off of Constellation Energy, its energy generation business
- FY2017FinancialBest year on record$3.77B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$31.4B in first reported year
- Mar 23, 2016AcquisitionThe merger was finally approved by the District of Columbia Public Service Commission after the…
- 2015AcquisitionThe merger was originally rejected by the District of Columbia Public Service Commission in August 2015, though it…
- Mar 12, 2012AcquisitionExelon acquired Constellation Energy, with the combined company owning more than 34 gigawatts of…
- 2000AcquisitionExelon Corporation was created in October 2000 by the merger between PECO Energy Company, formed in 1902
- 1998AcquisitionThe merger was overseen by the CEO of Unicom, John Rowe, who joined the corporation in 1998 and led the newly formed…
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 (40.4%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Negative free cash flow (-$1.9B)
- Altman Z-Score 0.57 — 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+6.6% YoY
- Profitable — makes more than it spends$2.78B TTM
- Profit growing — earnings are higher than last year+7.5% YoY
- Generates cash — cash left after running and investing-$1.92B TTM
- Debt under control — could handle its obligationscurrent ratio 1.09
- Established company — not a micro-cap — lower blow-up risk$43.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.6% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.6 — distress
- Pays a dividend — returns cash to shareholdersyield 3.87%
- Valuation not extreme — price not wildly above earningsP/E 15.5
Peer comparisonExelon Corporation 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 |
|---|---|---|---|---|---|
| EXC this company | $43.1B | 15.5 | +6.6% | 11.0% | 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 |
Head-to-head: EXC vs NEE · EXC vs CEG · EXC vs SO
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/EXC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of EXC 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 $41.80 · market cap $43.1B.