Exelon (EXC) Stock Fundamentals, Analysis & Risk Signals

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

Exelon

NasdaqGS•Utilities•Utilities - Regulated Electric

$46.45+0.29(0.01%)Pre-market

Market Cap

$48.08B

P/E

18.2x

P/S

1.9x

P/B

1.6x

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers. It serves residential, commercial, industrial, and public authorities and electric railroads customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (1/25).

Profitability15/25

Growth13/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality1/25

Strengths

Strong marginsConsistent growthImproving margins

Valuation vs. 5-year range

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

P/E · 18.2x5y range 14.3x – 22.0x

Currently near its 20-quarter median.

P/S · 1.9x5y range 1.1x – 2.3x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.2x – 2.0x

Watch items

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

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $48.08B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $25.94B
Q. Revenue: $7.32B
TTM EBITDA: $5.15B
TTM Op. Income: $5.15B
Q. Op. Income: $1.38B
TTM Net Income: $2.64B
Q. Net Income: $729.00M
EPS: $0.7
Shares Out.: $1.03B

$25.94B in TTM revenue grew 6.7% YoY, reaching $7.32B last quarter. TTM EBITDA of $5.15B and TTM operating income of $5.15B show growth is flowing through to the bottom line. TTM net income of $2.64B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.8%
Op. Margin: 18.8%
Net Margin: 10.0%

Op. margin of 18.8% is down 3.5% YoY — costs are rising relative to revenue. Net margin at 10.0% Over the past year, operating margin is down 16% — an improving trend.

Price Ratios

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

P/E Ratio: 18.2x
P/S Ratio: 1.9x
P/B Ratio: 1.6x

At 18.2x P/E, the stock trades within typical market levels. P/S of 1.9x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 15% — a weakening trend.

Assets & Liabilities

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

Total Assets: $122.24B
Cash: $1.47B
Long-Term Debt: $50.79B
Book Value: $30.13B
D/E Ratio: 1.7
Debt/EBITDA: 36.8

With $122.24B in assets and $50.79B in long-term debt, D/E is 1.7and book value is $30.13B — moderate leverage. Over the past year, debt/equity is up 2% — an improving trend.

Cash Flow

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

Op. Cash Flow: $1.74B
TTM Free Cash Flow: $-2.58B
FCF Margin: -10.0%
FCF / Net Income: -1.0

TTM FCF of $-2.58B on $1.74B in operating cash flow. The FCF / Net Income ratio of -1.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 62% — a weakening trend.