Utilities · Multi-Utilities · US stock · price as of 16 Oct 2026
Key indicators
Price
$112.26
52-week range
$92.43 – $114.33
Market cap
$40.9B
P/E (trailing)
302.9×
EV / EBITDA
8.0×
Free-cash-flow yield
10.1%
Dividend yield
3.1%
Revenue (last 12 months)
$17.4B
Revenue growth (3y a year)
2.9%
Operating margin
17.2%
Return on invested capital
8.5%
Net debt / EBITDA
0.3×
Fair value
Blended fair value$149.88 range $129 – $150
Versus priceFair+34% to fair value
Peer multiples
$94.07
Fundamentals-adjusted multiple
$97.78
10-year DCF (market-scaled)
$257.78
Earnings power value (floor, not blended)
$116.12
Model uncertainty
Medium
X-Ray Score
69/ 100 · Medium confidence · ahead of 94% of sector peers
Valuation84
Growth53
Profitability71
Financial health73
Dividends45
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Consolidated Edison is a regulated utility holding company whose principal subsidiary, Con Edison of New York, delivers electricity, natural gas and steam to customers in New York City and parts of Westchester County. It also owns an Orange and Rockland utility and some clean energy investments. Most revenue comes from regulated delivery rates set by state commissions, which allow it to recover costs and earn an approved return.
The company pays a dividend with a yield of 3.1%. Looking at the numbers, trailing revenue is $17.4 billion, and it expanded at 2.9% a year across three years. Operating margin is 17.2%, while return on invested capital is 8%. Leverage, measured as net debt to EBITDA, is 0.3 times.
StocksXray gives Consolidated Edison Inc an X-Ray Score of 69 out of 100 (medium confidence), ahead of 94% of the S&P 500 stocks in its sector. Its strongest lens is valuation (84) and its weakest is dividends (45).
Our fair value blend is $149.88 (range $129.35 to $149.88). At $112.26 the stock trades 25% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Consolidated Edison Inc (ED)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$72.49
$83.84
$82.90
$84.18
$96.93
$112.26
Market cap
$25.3B
$29.8B
$29.0B
$29.2B
$34.8B
$40.9B
P/E
18.8×
18.0×
11.5×
16.1×
17.2×
302.9×
EV / revenue
3.6×
3.5×
3.7×
3.7×
3.5×
2.4×
EV / EBITDA
10.1×
11.8×
10.4×
11.8×
11.5×
8.0×
Price / free cash flow
–
–
13.4×
8.1×
7.2×
9.9×
Free-cash-flow yield
−4.9%
−1.8%
7.4%
12.4%
13.8%
10.1%
Price / book
1.3×
1.4×
1.4×
1.3×
1.4×
1.6×
Dividend yield
4.28%
3.77%
3.91%
3.94%
–
3.13%
Fundamentals checklist ● 7 Good · ● 5 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.4%Good
Risk models
Altman Z score1.6×Good
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)6.6%Average
Revenue growth (3y)2.9%Average
Growth consistency80%Average
Balance sheet
Current ratio1.2×Good
Net debt / EBITDA0.3×Good
Interest cover2.4×Average
Valuation
Fair value vs price1.3×Good
EBIT / EV yield7.0%Good
Profitability
Return on invested capital8.5%Good
Operating margin17.2%Bad
XStocksXray
Consolidated Edison Inc (ED)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
13,676
15,670
14,663
15,469
17,049
17,392
Gross profit
–
–
–
–
–
–
Operating income
2,826
2,624
3,196
2,670
2,935
2,987
Net income
1
2
3
2
2
134
Diluted EPS ($)
3.85
4.66
7.21
5.24
5.64
0.37
Free cash flow
-1,231
-530
2,156
3,614
4,800
4,137
Gross margin
–
–
–
–
–
–
Operating margin
20.7%
16.7%
21.8%
17.3%
17.2%
17.2%
Net margin
0.0%
0.0%
0.0%
0.0%
0.0%
0.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
63,116
69,065
66,331
70,562
74,603
74,741
Cash
992
1,282
1,189
1,324
1,629
147
Total debt
24,532
26,481
26,816
29,050
27,376
1,738
Equity
20,037
20,687
21,158
21,962
24,190
25,596
Dividend per share ($)
3.10
3.16
3.24
3.32
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.