Exelon Corp (EXC)
Utilities · Electric Utilities · US stock · S&P 500 component
$43.50
▲ +1.02 (2.40%)
Fair valueUndervalued
$64 +46.1% to fair value
$32fair band $44–$83$95
Day's range
$42.57 – $43.58
52-week range
$39.73 – $49.70
About Exelon Corp
Exelon is a regulated energy delivery company. Its utilities, which serve customers in the Mid-Atlantic and Midwest including areas around Chicago, Philadelphia, Baltimore and Washington, transmit and distribute electricity and, in some areas, natural gas. Revenue comes mainly from rates approved by state and federal regulators, which are set to cover costs and allow a return on invested capital. Earnings depend on regulatory decisions and on investment in the grid.
Sales reached $24.8 billion in the last twelve months, having grown 8.3% a year over the past three years. Operating profit equals 21.0% of revenue. Return on invested capital is 5%. Net debt is 5.6 times of EBITDA. It pays a dividend, and the yield is 3.8%. Overall, the X-Ray Score is 64 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $39.73 – $49.70Volume 6,759,000Daily, split-adjusted
Vitals
Market cap$44.6B
52-week range$39.73 – $49.70
Volume (last day)6,759,000
P/E (TTM)15.9
EBIT / EV yield5.5%
Free-cash-flow yield-4.8%
Dividend yield3.8%
Revenue (TTM)$24.8B
Net income (TTM)$2.8B
Operating margin21.0%
Return on capital5.5%
Debt incl. leases$50.9B
Cash & securities$713M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$64model spread $54 – $64
Undervalued
+46.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $44
Undervalued < $44Fair $44 – $83Overvalued > $83
10-year DCF (market-scaled)
$56
Peer multiples
$62
Earnings power floor (not blended)
$13
Fundamentals-adjusted multiple
$73
Growth the price implies
8.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Strong
77/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.5%
Free-cash-flow yield-4.8%
Fair value vs price1.5×
Growth
Fair
67/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)8.3%
Growth consistency90%
Profitability
Fair
55/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.5%
Operating margin21.0%
Financial health
Strong
76/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA5.6×
Interest coverNo interest cost
Dividends
Weak
47/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.8%
Dividend growth6.6%
Quarterly results: last 6 quarters
+1.9%
Dec '24
+11.1%
Mar '25
+1.2%
Jun '25
+9.0%
Sep '25
-1.1%
Dec '25
+7.9%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.2B, diluted EPS $0.90.
Compare with peers
EIX Edison International71 ES Eversource Energy66 AEP American Electric Powe...63 DUK Duke Energy CORP60Other Electric Utilities companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 7 Average · ● 0 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 70/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $17.9B | $19.1B | $21.7B | $23.0B | $24.3B |
| Operating income | $2.7B | $3.3B | $4.0B | $4.3B | $5.1B |
| Net income | $1.8B | $2.2B | $2.3B | $2.5B | $2.8B |
| Operating cash flow | $3.0B | $4.9B | $4.7B | $5.6B | $6.3B |
| Operating margin | 15.0% | 17.4% | 18.5% | 18.8% | 21.2% |
| Free cash flow | −$5.0B | −$2.3B | −$2.7B | −$1.5B | −$2.3B |
| Diluted EPS | $1.74 | – | – | – | – |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 42.05 | Bullish |
| EMA 10 | 42.21 | Bullish |
| SMA 20 | 41.41 | Bullish |
| EMA 20 | 42.02 | Bullish |
| SMA 50 | 42.87 | Bullish |
| EMA 50 | 42.77 | Bullish |
| SMA 100 | 44.31 | Bearish |
| EMA 100 | 43.69 | Bearish |
| SMA 200 | 44.89 | Bearish |
| EMA 200 | 44.07 | Bearish |
Oscillators (daily)
| RSI (14) | 65.53 | Neutral |
| MACD (12, 26) | 0.00 | Bearish |
| Momentum (12) | 7.67 | Bullish |
| Stochastic %K (14) | 97.88 | Bearish |
| Williams %R (14) | -2.12 | Bearish |
| CCI (20) | 161.2 | Bearish |
Pivot points (classic, last session)
S3 41.84 | S2 42.21 | S1 42.85 | Pivot 43.22 | R1 43.86 | R2 44.23 | R3 44.87 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.66 USD
Yield on today's price
3.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 0.4200 |
| 4 Jun 2026 | 0.4200 |
| 2 Mar 2026 | 0.4200 |
| 10 Nov 2025 | 0.4000 |
| 11 Aug 2025 | 0.4000 |
| 12 May 2025 | 0.4000 |
| 24 Feb 2025 | 0.4000 |
| 8 Nov 2024 | 0.3800 |
| 12 Aug 2024 | 0.3800 |
| 10 May 2024 | 0.3800 |
| 1 Mar 2024 | 0.3800 |
| 14 Nov 2023 | 0.3600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
EXC SEC filings
25 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
30 Jul 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
6 May 2026
10-QSEC EDGAR
Quarterly report
6 May 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
30 Apr 2026
8-KSEC EDGAR
Shareholder vote results
16 Apr 2026
8-KSEC EDGAR
Regulation FD disclosure; Other events
18 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.