Consolidated Edison (ED) stock
Utilities · Multi-Utilities
Consolidated Edison (ED) is a Multi-Utilities company in the Utilities sector, headquartered in New York City, New York. As of October 23, 2026, ED closed at $115.74, a market capitalization of $42.80 billion, the 261st largest company in the S&P 500. Over the last twelve months it generated $17.69 billion in revenue (+13% year over year) and -$862.00 million in free cash flow. The stock trades at 19.1x trailing earnings and 17.8x forward earnings.
- 1-year total return: +18.7% (dividends reinvested)
- 5-year return: +12.6% a year
- 52-week range: $94.96 – $116.50
- Gross margin 53.4%, operating margin 16.5%
- Dividend yield: 3.07%, 51 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 12th largest of 31 Utilities stocks in the S&P 500
ED price chart
1Y price change: +14.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ED | +12.8% | +19.4% | +18.7% | +14.0% | +12.6% | +8.5% | +10.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
ED key statistics
- Market cap
- $42.8B
- #261 in S&P 500
- P/E (TTM)
- 19.1x
- Forward P/E
- 17.8x
- EPS (TTM)
- $6.07
- Revenue (TTM)
- $17.7B
- +13%
- Free cash flow
- -$862.0M
- Gross margin
- 53.4%
- Operating margin
- 16.5%
- Return on equity
- 9.0%
- Dividend yield
- 3.07%
- 52-week range
- $94.96 – $116.50
- Beta
- 0.25
- Price / sales
- 2.4x
- EV / EBITDA
- 11.3x
- Debt / equity
- 1.10x
- Employees
- 15,407
ED report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth13.2%B
- Gross margin53.4%B
- Operating margin16.5%C
- FCF margin-4.9%F
- Return on equity9.0%D
- Net debt / EBITDA4.4xF
- Forward P/E17.8xB
- PEG ratio2.1xD
- Shareholder yield3.1%B
- Share count change / yr1.3%D
Consolidated Edison financials
Revenue went from $12.1B in fiscal 2016 to $17.0B in fiscal 2025, growing 3.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1B | $12.0B | $11.9B | $12.1B | $12.0B | $13.5B | $15.5B | $14.5B | $15.5B | $17.0B |
| Operating income | $2.8B | $2.8B | $2.7B | $2.7B | $2.7B | $2.8B | $2.6B | $3.2B | $2.7B | $2.9B |
| Net income | $1.2B | $1.5B | $1.4B | $1.3B | $1.1B | $1.3B | $1.7B | $2.5B | $1.8B | $2.0B |
| EPS (diluted) | $4.12 | $4.94 | $4.42 | $4.08 | $3.28 | $3.85 | $4.66 | $7.21 | $5.24 | $5.64 |
| Free cash flow | -$1.8B | -$239.0M | -$2.6B | -$542.0M | -$1.9B | -$1.2B | -$530.0M | — | — | — |
| Buybacks | — | — | — | — | — | $0 | $0 | $1.0B | $0 | $0 |
| Dividends paid | $763.0M | $803.0M | $842.0M | $924.0M | $975.0M | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B |
| Diluted shares | 301.9M | 308.8M | 312.9M | 329.5M | 335.7M | 349.4M | 355.8M | 349.3M | 347.3M | 358.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ED?
A reverse DCF asks what growth the current price requires. With an enterprise value of $69.7B and -$862.0M of trailing free cash flow, Consolidated Edison needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 20.5x vs. median 18.0x (10th–90th percentile 14.4x–22.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ED dividend
- Dividend yield
- 3.07%
- Annual dividend
- $3.55
- Years of increases
- 51
- 5-yr dividend growth
- 2.1%
- per year
- Payout ratio
- 57%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
ED earnings
Next report: November 5, 2026. Consolidated Edison has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $4.1B (+13% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $0.77 | $0.83 | +7.4% |
| May 7, 2026 | $2.27 | $2.18 | -3.8% |
| Feb 19, 2026 | $0.86 | $0.89 | +3.4% |
| Nov 6, 2025 | $1.75 | $1.90 | +8.3% |
| Aug 7, 2025 | $0.66 | $0.67 | +1.8% |
| May 1, 2025 | $2.21 | $2.26 | +2.4% |
| Feb 20, 2025 | $0.96 | $0.98 | +2.1% |
| Nov 7, 2024 | $1.58 | $1.68 | +6.3% |
Stocks like ED
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NEE NextEra Energy | +0.24% | +1% | $172.2B | 14.8x | Compare |
 D Dominion Energy | -0.31% | +12% | $57.3B | 22.6x | Compare |
 SRE DBA Sempra | -0.84% | -6% | $55.0B | 24.3x | Compare |
 XEL Xcel Energy | -1.08% | +0% | $48.8B | 21.4x | Compare |
 PCG Pacific Gas & Electric | -2.70% | -22% | $37.9B | 9.4x | Compare |
 AEE Ameren | -0.83% | +7% | $29.9B | 19.0x | Compare |
 DTE DTE Energy | -0.88% | -4% | $27.4B | 20.9x | Compare |
 CNP CenterPoint Energy, Inc (Holdin | -0.32% | +6% | $27.1B | 24.3x | Compare |
ED news
- Better Dividend Stock: Duke Energy vs. Consolidated Edison · Oct 16, 2026
- CON EDISON DECLARES COMMON STOCK DIVIDEND · Oct 15, 2026
- Con Edison to Report 3rd Quarter 2026 Earnings on November 5 · Oct 14, 2026
- How Investors May Respond To Consolidated Edison (ED) Grid Modernization And Electrification Investment Surge · Oct 7, 2026
- Is Consolidated Edison Stock Underperforming the Nasdaq? · Sep 17, 2026
ED stock FAQ
What is ED's market cap?
Consolidated Edison's market capitalization is $42.80 billion as of October 23, 2026, ranking 261st in the S&P 500.
What is ED's P/E ratio?
ED trades at a trailing price-to-earnings ratio of 19.1x and a forward P/E of 17.8x. Its median P/E over the period we track is 18.0x.
Does ED pay a dividend?
Yes. Consolidated Edison pays $3.55 per share a year, a 3.07% yield. It has raised its dividend 51 years in a row. Dividends grew 2.1% a year over the last five years.
How much has ED stock returned?
Including reinvested dividends, ED returned +18.7% over one year, +12.6% a year over five years, +8.5% a year over ten years through October 23, 2026.
When does ED report earnings?
Consolidated Edison is expected to report earnings on November 5, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Consolidated Edison have?
Consolidated Edison has about 15,407 full-time employees, or $1.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology