Exelon Corporation (EXC) 10-Year Financial Performance & Capital Metrics

EXC • • Utilities

UtilitiesElectric UtilitiesIntegrated Electric UtilitiesMajor Multi-State Integrated Utilities

AboutExelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services. Additionally, it is involved in the purchase and regulated retail sale of electricity and natural gas; and transmission and distribution of electricity, and distribution of natural gas to retail customers. Further, the company offers support services, including legal, human resources, information technology, financial, supply management, accounting, engineering, customer operations, distribution and transmission planning, asset management, system operations, and power procurement services. It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.Show more

Revenue $23.03B +6.0%
EBITDA $7.91B +5.1%
Net Income $2.46B +5.7%
Free Cash Flow -$1.53B +43.5%
EBITDA Margin 34.36% -0.8%
Net Margin 10.68% -0.3%
ROE 9.34% +1.3%
Interest Coverage 2.26 -3.0%
Debt/Equity 1.73 +1.4%
Net Debt/EBITDA 5.85 +1.1%
CapEx / Revenue 30.82% -9.6%
CapEx Coverage 0.78 +23.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High leverage: 5.9x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-1.73%

5Y-7.73%

3Y8.68%

TTM6.07%

Profit (Net Income) CAGR

10Y4.25%

5Y-3.48%

3Y12.98%

TTM16.09%

EPS CAGR

10Y2.68%

5Y-4.03%

3Y12.08%

TTM14.81%

ROCE

10Y Avg3.78%

5Y Avg3.43%

3Y Avg4.13%

Latest4.54%

Peer Comparison

Major Multi-State Integrated Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ETREntergy Corporation	42.5B	95.17	38.84	-2.2%	14.28%	10.71%		1.90
FEFirstEnergy Corp.	26.66B	46.15	27.15	4.68%	9.19%	9.38%		1.77
SOThe Southern Company	97.36B	88.42	22.16	5.83%	15.42%	11.65%	0.86%	1.81
AEPAmerican Electric Power Company, Inc.	63.08B	118.11	21.17	2.76%	17.08%	11.63%		1.70
DUKDuke Energy Corporation	92.29B	118.68	20.78	4.46%	15.71%	9.49%	0.05%	1.66
EXCExelon Corporation	43.96B	43.60	17.80	5.99%	11.6%	10.03%		1.73
SOJCThe Southern Company JR 2017B NT 77	22.17B	22.18	5.56	5.83%	15.42%	11.65%	0.91%	1.81
SOJDSouthern Company (The) Series 2	2.07K	20.74	5.20	5.83%	15.42%	11.65%	100%	1.81

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	29.45B	31.36B	33.53B	35.98B	34.44B	33.04B	17.94B	19.08B	21.73B	23.03B
Revenue Growth %	0.07%	0.06%	0.07%	0.07%	-0.04%	-0.04%	-0.46%	0.06%	0.14%	0.06%
Cost of Revenue	21.41B	22.69B	24.16B	26.01B	24.11B	23.51B	10.93B	11.05B	12.8B	13.62B
Gross Profit+	8.04B	8.67B	9.37B	9.98B	10.33B	9.53B	7.01B	8.03B	8.93B	9.4B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.37%	0.08%	0.08%	0.06%	0.03%	-0.08%	-0.26%	0.15%	0.11%	0.05%
Operating Expenses+	3.63B	5.56B	5.11B	6.08B	5.95B	6.7B	4.32B	4.72B	4.9B	5.09B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	8.4B	8.79B	9.81B	9.86B	10.15B	9.35B	9.12B	6.64B	7.53B	7.91B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.21%	0.05%	0.12%	0%	0.03%	-0.08%	-0.03%	-0.27%	0.13%	0.05%
Depreciation & Amortization+	3.99B	5.58B	5.43B	5.97B	5.78B	6.53B	6.43B	3.33B	3.51B	3.59B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	4.41B	3.21B	4.39B	3.89B	4.37B	2.82B	2.68B	3.31B	4.02B	4.32B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.42%	-0.27%	0.37%	-0.11%	0.12%	-0.35%	-0.05%	0.24%	0.21%	0.07%
Interest Expense+	1.03B	1.54B	1.56B	1.55B	1.62B	1.64B	1.29B	1.45B	1.73B	1.91B
Interest Coverage	4.27x	2.09x	2.81x	2.50x	2.71x	1.73x	2.08x	2.29x	2.33x	2.26x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	3.33B	1.97B	3.77B	2.23B	3.8B	2.33B	1.65B	2.4B	2.7B	2.67B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.07B	753M	-126M	118M	774M	379M	38M	349M	374M	207M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.27B	1.13B	3.77B	2.01B	2.94B	1.96B	1.71B	2.17B	2.33B	2.46B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.4%	-0.5%	2.32%	-0.47%	0.46%	-0.33%	-0.13%	0.27%	0.07%	0.06%
EPS (Diluted)+	2.54	1.22	3.97	2.07	3.01	2.01	1.74	2.08	2.34	2.45
EPS Growth %	0.35%	-0.52%	2.25%	-0.48%	0.45%	-0.33%	-0.13%	0.2%	0.13%	0.05%
EPS (Basic)	2.55	1.23	3.98	2.08	3.02	2.01	1.74	2.20	2.34	2.45
Diluted Shares Outstanding	893M	927M	949M	969M	974M	977M	980M	987M	997M	1B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	95.38B	114.9B	116.77B	119.63B	124.98B	129.32B	133.01B	95.35B	101.86B	107.78B
Asset Growth %	0.1%	0.2%	0.02%	0.02%	0.04%	0.03%	0.03%	-0.28%	0.07%	0.06%
PP&E (Net)+	57.44B	71.56B	74.2B	76.71B	80.23B	82.58B	64.56B	69.08B	73.59B	78.18B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	15.33B	12.41B	11.83B	13.33B	12.04B	12.56B	13.96B	7.34B	8.09B	8.38B
Cash & Equivalents	6.5B	635M	1.1B	1.35B	587M	663M	672M	407M	445M	357M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.57B	1.64B	1.65B	1.69B	1.77B	1.72B	581M	755M	801M	853M
Other Current Assets	3.08B	3.44B	3.5B	4.38B	3.51B	5.55B	9.84B	2.61B	3.07B	2.93B
Long-Term Investments	10.98B	11.69B	13.91B	12.29B	13.65B	14.9B	250M	232M	251M	290M
Goodwill	2.67B	6.68B	6.68B	6.68B	6.68B	6.68B	6.63B	6.63B	6.63B	6.63B
Intangible Assets	755M	0	0	118M	174M	0	0	0	0	0
Other Assets	8.96B	12.57B	10.11B	10.52B	12.2B	12.59B	47.62B	12.07B	13.29B	14.3B
Total Liabilities	68.09B	87.29B	84.58B	86.59B	90.4B	94.45B	98.22B	70.61B	76.1B	80.86B
Total Debt+	26.32B	35.91B	35.58B	36.53B	37.8B	39.33B	34.54B	40.05B	44.01B	46.65B
Net Debt	19.82B	35.28B	34.48B	35.18B	37.21B	38.67B	33.87B	39.64B	43.56B	46.29B
Long-Term Debt	24.29B	32.22B	32.56B	34.47B	31.72B	35.48B	31.14B	35.66B	40.08B	43.34B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	25M	52M	0	21M	1.7B	1.48B	390M	390M	390M	255M
Total Current Liabilities+	9.12B	13.46B	10.8B	11.4B	14.19B	12.77B	16.11B	10.61B	9.9B	9.61B
Accounts Payable	2.88B	3.44B	3.53B	3.8B	3.56B	3.56B	2.38B	3.38B	2.85B	2.99B
Accrued Expenses	1.07B	1.54B	486M	509M	515M	482M	1.43B	402M	493M	572M
Deferred Revenue	100M	407M	231M	149M	132M	100M	89M	10M	419M	451M
Other Current Liabilities	2.73B	3.64B	3.15B	4.47B	3.48B	4.25B	8.55B	2.21B	1.99B	2.06B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	20.79B	22.65B	29.38B	28.93B	31.81B	32.92B	40.21B	13.05B	14.13B	15.1B
Total Equity+	27.29B	27.61B	32.19B	33.05B	34.57B	34.87B	34.8B	24.74B	25.75B	26.92B
Equity Growth %	0.13%	0.01%	0.17%	0.03%	0.05%	0.01%	-0%	-0.29%	0.04%	0.05%
Shareholders Equity	25.79B	25.84B	29.9B	30.74B	32.22B	32.59B	34.39B	24.74B	25.75B	26.92B
Minority Interest	1.5B	1.77B	2.29B	2.31B	2.35B	2.28B	402M	0	0	0
Common Stock	18.68B	18.79B	18.96B	19.12B	19.27B	19.37B	20.32B	20.91B	21.11B	21.34B
Additional Paid-in Capital	18.68B	18.79B	18.96B	19.12B	0	0	0	0	0	0
Retained Earnings	12.07B	12.03B	14.08B	14.74B	16.27B	16.73B	16.94B	4.6B	5.49B	6.43B
Accumulated OCI	-2.62B	-2.66B	-3.03B	-3B	-3.19B	-3.4B	-2.75B	-638M	-726M	-720M
Return on Assets (ROA)	0.02%	0.01%	0.03%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%
Return on Equity (ROE)	0.09%	0.04%	0.13%	0.06%	0.09%	0.06%	0.05%	0.07%	0.09%	0.09%
Debt / Equity	0.96x	1.30x	1.11x	1.11x	1.09x	1.13x	0.99x	1.62x	1.71x	1.73x
Debt / Assets	0.28%	0.31%	0.3%	0.31%	0.3%	0.3%	0.26%	0.42%	0.43%	0.43%
Net Debt / EBITDA	2.36x	4.01x	3.51x	3.57x	3.66x	4.14x	3.72x	5.97x	5.79x	5.85x
Book Value per Share	30.56	29.79	33.92	34.1	35.5	35.69	35.51	25.07	25.83	26.84

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.63B	8.43B	7.49B	8.64B	6.66B	4.24B	3.01B	4.87B	4.7B	5.57B
Operating CF Growth %	0.71%	0.1%	-0.11%	0.15%	-0.23%	-0.36%	-0.29%	0.62%	-0.03%	0.18%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.27B	1.2B	3.78B	2B	2.94B	1.95B	1.62B	2.17B	2.33B	2.46B
Depreciation & Amortization	3.99B	5.58B	5.43B	5.38B	5.55B	6.53B	7.57B	3.53B	2.79B	2.92B
Deferred Taxes	752M	664M	-361M	-106M	681M	309M	18M	255M	319M	0
Other Non-Cash Items	771M	1.77B	-93M	2.18B	590M	244M	-725M	1.13B	122M	1.39B
Working Capital Changes	-264M	-960M	-1.26B	-1.02B	-3.18B	-4.8B	-5.57B	-2.26B	-852M	-1.2B
Capital Expenditures+	-7.62B	-15.49B	-7.58B	-7.59B	-7.25B	-8.05B	-7.98B	-7.15B	-7.41B	-7.1B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-7.84B	-15.49B	-7.95B	-7.83B	-7.26B	-4.34B	-3.32B	-6.99B	-7.38B	-7.04B
Acquisitions	-40M	-6.93B	-208M	-154M	-41M	8.05B	7.98B	16M	0	0
Purchase of Investments	-7.15B	-9.74B	-8.11B	-9B	-10.09B	-3.46B	-6.67B	-516M	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	76M	-111M	114M	149M	65M	-4.21B	-3.18B	169M	33M	55M
Cash from Financing+	4.83B	1.19B	767M	-219M	-58M	145M	758M	1.59B	2.68B	1.31B
Dividends Paid	-1.1B	-1.17B	-1.24B	-1.33B	-1.41B	-1.49B	-1.5B	-1.33B	-1.43B	-1.52B
Dividend Payout Ratio %	0.49%	1.03%	0.33%	0.66%	0.48%	0.76%	0.88%	0.61%	0.62%	0.32%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	1.87B	55M	1.15B	105M	112M	45M	80M	563M	140M	191M
Share Repurchases	0	-190M	0	0	0	0	0	0	0	0
Other Financing	-35M	342M	463M	-108M	-82M	-136M	-965M	-2.66B	-73M	-109M
Net Change in Cash+	4.62B	-5.87B	276M	591M	-659M	44M	453M	-529M	11M	-162M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.88B	6.5B	635M	1.19B	1.78B	1.12B	1.17B	1.62B	1.09B	1.1B
Cash at End	6.5B	635M	898M	1.78B	1.12B	1.17B	1.62B	1.09B	1.1B	939M
Free Cash Flow+	10M	-7.06B	-92M	1.05B	-589M	-3.81B	-4.97B	-2.28B	-2.71B	-1.53B
FCF Growth %	1.01%	-706.8%	0.99%	12.41%	-1.56%	-5.47%	-0.3%	0.54%	-0.19%	0.44%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.82%	4.13%	12.61%	6.16%	8.68%	5.65%	4.9%	7.29%	9.22%	9.34%
EBITDA Margin	28.51%	28.02%	29.27%	27.41%	29.48%	28.3%	50.82%	34.8%	34.65%	34.36%
Net Debt / EBITDA	2.36x	4.01x	3.51x	3.57x	3.66x	4.14x	3.72x	5.97x	5.79x	5.85x
Interest Coverage	4.27x	2.09x	2.81x	2.50x	2.71x	1.73x	2.08x	2.29x	2.33x	2.26x
CapEx / Revenue	25.89%	49.4%	22.62%	21.1%	21.05%	24.36%	44.49%	37.46%	34.1%	30.82%
Dividend Payout Ratio	48.7%	102.82%	32.79%	66.27%	47.96%	76.01%	87.75%	61.47%	61.56%	31.54%
Debt / Equity	0.96x	1.30x	1.11x	1.11x	1.09x	1.13x	0.99x	1.62x	1.71x	1.73x
EPS Growth	35.11%	-51.97%	225.41%	-47.86%	45.41%	-33.22%	-13.43%	19.54%	12.5%	4.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Commonwealth Edison Co	4.91B	5.25B	5.54B	5.88B	-	5.9B	6.41B	5.76B	7.84B	8.22B
Commonwealth Edison Co Growth	-	7.12%	5.37%	6.25%	-	-	8.50%	-10.07%	36.16%	4.78%
Pepco Holdings LLC	-	-	-	4.8B	-	4.66B	5.04B	5.57B	6.03B	6.45B
Pepco Holdings LLC Growth	-	-	-	-	-	-	8.11%	10.39%	8.28%	7.00%
Baltimore Gas and Electric Company	2.49B	2.61B	2.49B	3.17B	-	3.1B	3.34B	3.9B	4.03B	4.43B
Baltimore Gas and Electric Company Growth	-	4.78%	-4.60%	27.32%	-	-	7.84%	16.58%	3.39%	9.91%
PECO Energy Co	2.49B	2.53B	2.38B	3.04B	-	3.06B	3.2B	3.9B	3.89B	3.97B
PECO Energy Co Growth	-	1.81%	-6.16%	27.92%	-	-	4.58%	22.05%	-0.23%	2.03%
Delmarva Power and Light Company	-	-	-	1.33B	-	1.27B	1.38B	1.59B	1.69B	1.79B
Delmarva Power and Light Company Growth	-	-	-	-	-	-	8.58%	15.58%	5.83%	5.86%
Atlantic City Electric Company	-	-	-	1.24B	-	1.25B	1.39B	1.43B	1.52B	1.63B
Atlantic City Electric Company Growth	-	-	-	-	-	-	11.49%	3.10%	6.36%	6.96%
Corporate and Other Operating Segment	-	-	-	-	-	-	-	-	-	438M
Corporate and Other Operating Segment Growth	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	435M	-	372M	380M	391M	423M	-
Corporate and Other Growth	-	-	-	-	-	-	2.15%	2.89%	8.18%	-
Energy Commodities and Service	-	-	-	-	17.75B	-	-	-	-	-
Energy Commodities and Service Growth	-	-	-	-	-	-	-	-	-	-
Public Utilities	-	-	-	-	16.84B	-	-	-	-	-
Public Utilities Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Exelon Corporation (EXC) has a price-to-earnings (P/E) ratio of 17.8x. This is roughly in line with market averages.

Growth & Financials

Exelon Corporation (EXC) reported $24.32B in revenue for fiscal year 2024. This represents a 27% increase from $19.18B in 2011.

Exelon Corporation (EXC) grew revenue by 6.0% over the past year. This is steady growth.

Yes, Exelon Corporation (EXC) is profitable, generating $2.82B in net income for fiscal year 2024 (10.7% net margin).

Dividend & Returns

Yes, Exelon Corporation (EXC) pays a dividend with a yield of 1.77%. This makes it attractive for income-focused investors.

Exelon Corporation (EXC) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.

Exelon Corporation (EXC) had negative free cash flow of $1.59B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Exelon Corporation (EXC) has a dividend payout ratio of 32%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

...