Consolidated Edison, Inc. (ED) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↑
12.63
+5% vs avg
5yr avg: 11.99
30Y Low5.8·High12.8
P/FCF
1088.80
+10% vs avg
5yr avg: 989.61
30Y Low14.6·High84.8
P/B Ratio
↑
1.58
+5% vs avg
5yr avg: 1.49
30Y Low1.1·High2.0
ROE
↑
8.8%
-1% vs avg
5yr avg: 8.8%
30Y Low6%·High12%
Debt/EBITDA
↑
5.47
↓-0% vs avg
5yr avg: 5.48
30Y Low2.2·High5.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ED Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Consolidated Edison, Inc. trades at 18.9x earnings, roughly in line with its 5-year average of 18.0x, sitting at the 83rd percentile of its historical range. This is roughly in line with the Utilities sector median P/E of 19.0x. On a free-cash-flow basis, the stock trades at 1088.8x P/FCF, 10% above the 5-year average of 989.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $39.2B | $35.6B | $31.0B | $31.8B | $33.9B | $29.8B | $24.3B | $29.8B | $23.9B | $26.2B | $22.2B |
| Enterprise Value | $66.3B | $62.8B | $57.5B | $55.6B | $57.0B | $54.2B | $48.1B | $51.4B | $43.7B | $42.0B | $37.3B |
| P/E Ratio → | 18.86 | 17.61 | 17.03 | 12.62 | 20.41 | 22.16 | 22.03 | 22.17 | 17.30 | 17.20 | 17.88 |
| P/S Ratio | 2.32 | 2.11 | 2.03 | 2.17 | 2.16 | 2.18 | 1.98 | 2.38 | 1.94 | 2.18 | 1.84 |
| P/B Ratio | 1.58 | 1.47 | 1.41 | 1.50 | 1.62 | 1.47 | 1.27 | 1.64 | 1.42 | 1.70 | 1.55 |
| P/FCF | 1088.80 | 989.61 | — | — | — | — | — | — | — | — | — |
| P/OCF | 8.17 | 7.42 | 8.57 | 14.74 | 8.62 | 10.91 | 11.04 | 9.51 | 8.88 | 7.79 | 6.43 |
P/E links to full P/E history page with 30-year chart
ED EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Consolidated Edison, Inc.'s enterprise value stands at 12.6x EBITDA, 5% above its 5-year average of 12.0x. The Utilities sector median is 11.9x, placing the stock at a 6% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.71 | 3.77 | 3.80 | 3.64 | 3.96 | 3.93 | 4.09 | 3.55 | 3.50 | 3.09 |
| EV / EBITDA | 12.63 | 11.95 | 11.76 | 12.81 | 12.21 | 11.21 | 10.51 | 11.85 | 11.01 | 10.24 | 9.58 |
| EV / EBIT | 22.63 | 16.38 | 17.29 | 13.79 | 18.35 | 23.15 | 21.97 | 19.09 | 16.81 | 15.42 | 14.13 |
| EV / FCF | — | 1743.06 | — | — | — | — | — | — | — | — | — |
ED Profitability
Margins and return-on-capital ratios measuring operating efficiency
Consolidated Edison, Inc. earns an operating margin of 17.3%, roughly in line with the Utilities sector average. Operating margins have expanded from 15.8% to 17.3% over the past 3 years, signaling improving operational efficiency. ROE of 8.8% is modest, trailing the sector median of 9.3%. ROIC of 4.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.0% | 62.0% | 64.0% | 61.2% | 61.0% | 65.0% | 65.9% | 65.8% | 64.7% | 67.2% | 39.2% |
| Operating Margin | 17.3% | 17.3% | 17.9% | 15.8% | 16.7% | 20.5% | 21.7% | 21.1% | 20.5% | 23.0% | 22.2% |
| Net Profit Margin | 12.0% | 12.0% | 11.9% | 17.2% | 10.6% | 9.8% | 9.0% | 10.7% | 11.2% | 12.7% | 10.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | 8.4% | 12.0% | 8.1% | 6.8% | 5.9% | 7.7% | 8.6% | 10.3% | 9.1% |
| ROA | 2.8% | 2.8% | 2.7% | 3.7% | 2.5% | 2.1% | 1.8% | 2.4% | 2.7% | 3.2% | 2.7% |
| ROIC | 4.4% | 4.4% | 4.4% | 3.9% | 4.4% | 4.8% | 4.8% | 5.2% | 5.6% | 6.8% | 7.2% |
| ROCE | 4.4% | 4.4% | 4.4% | 3.9% | 4.5% | 4.9% | 4.9% | 5.3% | 5.6% | 6.3% | 6.3% |
ED Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Consolidated Edison, Inc. carries a Debt/EBITDA ratio of 5.5x, which is highly leveraged (5% above the sector average of 5.2x). Net debt stands at $27.1B ($28.8B total debt minus $1.6B cash). Interest coverage of 3.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.19 | 1.19 | 1.27 | 1.18 | 1.17 | 1.25 | 1.32 | 1.24 | 1.23 | 1.08 | 1.11 |
| Debt / EBITDA | 5.47 | 5.47 | 5.69 | 5.76 | 5.23 | 5.25 | 5.49 | 5.20 | 5.22 | 4.04 | 4.07 |
| Net Debt / Equity | — | 1.12 | 1.21 | 1.13 | 1.11 | 1.20 | 1.25 | 1.18 | 1.18 | 1.02 | 1.05 |
| Net Debt / EBITDA | 5.16 | 5.16 | 5.42 | 5.49 | 4.95 | 5.04 | 5.21 | 4.97 | 4.99 | 3.85 | 3.87 |
| Debt / FCF | — | 753.44 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 3.11 | 3.11 | 2.80 | 3.94 | 3.27 | 2.55 | 2.15 | 2.82 | 3.18 | 3.74 | 3.79 |
ED Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.02x means Consolidated Edison, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.02 | 1.02 | 1.04 | 1.01 | 1.14 | 1.02 | 0.72 | 0.68 | 0.62 | 0.72 | 0.89 |
| Quick Ratio | 0.94 | 0.94 | 0.96 | 0.94 | 1.10 | 0.94 | 0.67 | 0.62 | 0.56 | 0.65 | 0.80 |
| Cash Ratio | 0.25 | 0.25 | 0.21 | 0.18 | 0.11 | 0.18 | 0.17 | 0.16 | 0.14 | 0.16 | 0.20 |
| Asset Turnover | — | 0.23 | 0.22 | 0.22 | 0.23 | 0.22 | 0.19 | 0.22 | 0.23 | 0.25 | 0.25 |
| Inventory Turnover | 12.12 | 12.12 | 11.33 | 12.13 | 12.42 | 10.95 | 11.72 | 12.19 | 12.17 | 11.81 | 21.64 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ED Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Consolidated Edison, Inc. returns 3.1% to shareholders annually primarily through dividends. A payout ratio of 57.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.3% | 3.5% | 3.4% | 3.2% | 3.5% | 4.0% | 3.1% | 3.5% | 3.1% | 3.4% |
| Payout Ratio | 57.6% | 57.6% | 60.4% | 43.5% | 65.6% | 76.5% | 88.6% | 68.8% | 60.9% | 52.7% | 61.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 5.7% | 5.9% | 7.9% | 4.9% | 4.5% | 4.5% | 4.5% | 5.8% | 5.8% | 5.6% |
| FCF Yield | 0.1% | 0.1% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 3.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.1% | 3.3% | 3.5% | 6.6% | 3.2% | 3.5% | 4.0% | 3.1% | 3.5% | 3.1% | 3.4% |
| Shares Outstanding | — | $359M | $347M | $349M | $356M | $349M | $336M | $330M | $313M | $309M | $302M |
Peer Comparison
Compare ED with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EDYou | $39B | 18.9 | 12.6 | 1088.8 | 62.0% | 17.3% | 8.8% | 4.4% | 5.5 |
 SO | $105B | 23.7 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 DUK | $97B | 19.6 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 EXC | $47B | 16.7 | 11.0 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 PPL | $27B | 22.1 | 12.7 | — | 39.1% | 23.6% | 8.2% | 5.0% | 5.5 |
 ES | $26B | 15.3 | 10.4 | — | 30.1% | 22.1% | 10.7% | 4.9% | 5.6 |
 AEE | $30B | 20.3 | 13.5 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 WEC | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 NI | $23B | 24.2 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 ATO | $28B | 22.8 | 16.3 | — | 52.4% | 33.2% | 9.3% | 5.5% | 4.1 |
 SRE | $59B | 33.0 | 16.4 | — | 29.1% | 23.7% | 4.6% | 3.2% | 6.2 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
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Deep dive into ED consensus models and risk factors.
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DCF models, multiple analysis, and analyst estimates.
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10-year return with dividends reinvested.
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Peer Comparison
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ED — Frequently Asked Questions
Quick answers to the most common questions about buying ED stock.
What is Consolidated Edison, Inc.'s P/E ratio?
Consolidated Edison, Inc.'s current P/E ratio is 18.9x. The historical average is 16.0x. This places it at the 83th percentile of its historical range.
What is Consolidated Edison, Inc.'s EV/EBITDA?
Consolidated Edison, Inc.'s current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
What is Consolidated Edison, Inc.'s ROE?
Consolidated Edison, Inc.'s return on equity (ROE) is 8.8%. The historical average is 9.6%.
Is ED stock overvalued?
Based on historical data, Consolidated Edison, Inc. is trading at a P/E of 18.9x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Consolidated Edison, Inc.'s dividend yield?
Consolidated Edison, Inc.'s current dividend yield is 3.06% with a payout ratio of 57.6%.
What are Consolidated Edison, Inc.'s profit margins?
Consolidated Edison, Inc. has 62.0% gross margin and 17.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Consolidated Edison, Inc. have?
Consolidated Edison, Inc.'s Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.