Consolidated Edison (ED) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Consolidated Edison

NYSE•Utilities•Utilities - Regulated Electric

$106.46-0.27(<0.01%)After hours

Market Cap

$38.88B

P/E

17.5x

P/S

2.2x

P/B

1.5x

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, the company operates 552 circuit miles of transmission lines; 16 transmission substations; 63 distribution substations; 89,675 in-service line transformers; 3,764 pole miles of overhead distribution lines; and 2,417 miles of underground distribution lines, as well as 4,374 miles of mains and 379, 939 service lines for natural gas distribution. Further, it invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Profitability (18/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability18/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Strong marginsInterest easily coveredCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.5x5y range 12.5x – 25.3x

Currently near its 20-quarter median.

P/S · 2.2x5y range 2.0x – 2.4x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.3x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 6.5% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $38.88B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.93B
Q. Revenue: $4.17B
TTM EBITDA: $5.51B
TTM Op. Income: $3.18B
Q. Op. Income: $552.00M
TTM Net Income: $2.22B
Q. Net Income: $308.00M
EPS: $0.83
Shares Out.: $368.80M

$17.93B in TTM revenue grew 9.3% YoY, reaching $4.17B last quarter. TTM EBITDA of $5.51B and TTM operating income of $3.18B show growth is flowing through to the bottom line. TTM net income of $2.22B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 27.1%
Op. Margin: 13.2%
Net Margin: 7.4%

Op. margin of 13.2% is up 3.5% YoY — cost efficiency is improving. Net margin at 7.4% Over the past year, operating margin is up 35% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.5x
P/S Ratio: 2.2x
P/B Ratio: 1.5x

At 17.5x P/E, the stock trades within typical market levels. P/S of 2.2x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 6% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $76.46B
Cash: $1.47B
Long-Term Debt: N/A
Book Value: $25.72B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.80B
TTM Free Cash Flow: $3.96B
FCF Margin: 22.1%
FCF / Net Income: 1.8

TTM FCF of $3.96B on $1.80B in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.