Exelon Corporation (EXC) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↑
10.83
+3% vs avg
5yr avg: 10.47
30Y Low4.0·High12.4
P/FCF
N/A
—
5yr avg: N/A
30Y Low6.4·High50.6
P/B Ratio
↑
1.58
+10% vs avg
5yr avg: 1.44
30Y Low0.6·High3.9
ROE
↑
9.9%
↓+22% vs avg
5yr avg: 8.1%
30Y Low-35%·High27%
Debt/EBITDA
↑
5.65
+4% vs avg
5yr avg: 5.44
30Y Low1.7·High7.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Exelon Corporation trades at 16.5x earnings, 10% below its 5-year average of 18.2x, sitting at the 76th percentile of its historical range. Compared to the Utilities sector median P/E of 19.8x, the stock trades at a discount of 17%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $45.5B | $44.1B | $37.8B | $35.8B | $42.7B | $40.4B | $29.4B | $31.7B | $31.2B | $26.7B | $23.5B |
| Enterprise Value | $95.2B | $93.8B | $84.0B | $79.4B | $82.3B | $74.2B | $68.1B | $68.9B | $66.3B | $61.1B | $58.7B |
| P/E Ratio → | 16.49 | 15.97 | 15.36 | 15.34 | 20.78 | 23.67 | 14.98 | 10.80 | 15.54 | 7.08 | 20.75 |
| P/S Ratio | 1.87 | 1.82 | 1.64 | 1.65 | 2.24 | 2.25 | 0.89 | 0.92 | 0.87 | 0.80 | 0.75 |
| P/B Ratio | 1.58 | 1.53 | 1.40 | 1.39 | 1.72 | 1.16 | 0.84 | 0.92 | 0.94 | 0.83 | 0.85 |
| P/FCF | — | — | — | — | — | — | — | — | 29.68 | — | — |
| P/OCF | 7.27 | 7.05 | 6.78 | 7.61 | 8.76 | 13.40 | 6.95 | 4.76 | 3.61 | 3.56 | 2.78 |
P/E links to full P/E history page with 30-year chart
EXC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Exelon Corporation's enterprise value stands at 10.8x EBITDA, roughly in line with its 5-year average of 10.5x. This is roughly in line with the Utilities sector median of 11.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.87 | 3.65 | 3.65 | 4.31 | 4.14 | 2.06 | 2.00 | 1.84 | 1.82 | 1.87 |
| EV / EBITDA | 10.83 | 10.67 | 10.62 | 10.54 | 12.40 | 8.14 | 7.28 | 6.78 | 6.73 | 6.23 | 6.68 |
| EV / EBIT | 18.48 | — | 18.35 | 17.91 | 21.38 | 25.22 | 17.16 | 12.30 | 17.56 | 11.46 | 16.74 |
| EV / FCF | — | — | — | — | — | — | — | — | 63.18 | — | — |
EXC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Exelon Corporation earns an operating margin of 21.2%, roughly in line with the Utilities sector average. Operating margins have expanded from 18.5% to 21.2% over the past 3 years, signaling improving operational efficiency. ROE of 9.9% is modest. ROIC of 5.1% represents adequate 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 | 45.9% | 45.9% | 40.8% | 41.1% | 42.1% | 39.1% | 28.8% | 30.0% | 27.7% | 27.9% | 27.7% |
| Operating Margin | 21.2% | 21.2% | 18.8% | 18.5% | 17.4% | 15.0% | 8.5% | 12.7% | 10.8% | 13.1% | 10.2% |
| Net Profit Margin | 11.4% | 11.4% | 10.7% | 10.7% | 11.4% | 9.5% | 5.9% | 8.5% | 5.6% | 11.2% | 3.6% |
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 | 9.9% | 9.9% | 9.3% | 9.2% | 7.3% | 4.9% | 5.7% | 8.7% | 6.2% | 12.6% | 4.1% |
| ROA | — | — | 2.3% | 2.4% | 1.9% | 1.3% | 1.5% | 2.4% | 1.7% | 3.3% | 1.1% |
| ROIC | 5.1% | 5.1% | 4.5% | 4.5% | 3.7% | 2.8% | 2.9% | 4.7% | 4.3% | 5.1% | 4.4% |
| ROCE | — | — | 4.5% | 4.6% | 3.3% | 2.3% | 2.5% | 4.0% | 3.6% | 4.2% | 3.4% |
EXC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Exelon Corporation carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (19% above the sector average of 4.8x).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.73 | 1.73 | 1.73 | 1.71 | 1.62 | 0.99 | 1.13 | 1.09 | 1.11 | 1.11 | 1.30 |
| Debt / EBITDA | 5.65 | 5.65 | 5.90 | 5.85 | 6.03 | 3.79 | 4.21 | 3.72 | 3.70 | 3.63 | 4.09 |
| Net Debt / Equity | — | 1.73 | 1.72 | 1.69 | 1.60 | 0.97 | 1.11 | 1.08 | 1.06 | 1.07 | 1.28 |
| Net Debt / EBITDA | 5.65 | 5.65 | 5.85 | 5.79 | 5.97 | 3.72 | 4.14 | 3.66 | 3.57 | 3.51 | 4.01 |
| Debt / FCF | — | — | — | — | — | — | — | — | 33.50 | — | — |
| Interest Coverage | — | — | 2.26 | 2.33 | 2.29 | 2.08 | 1.73 | 2.71 | 2.50 | 2.81 | 2.09 |
EXC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 0.82x to 0.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.87 | 0.82 | 0.69 | 0.87 | 0.98 | 0.85 | 1.17 | 1.10 | 0.92 |
| Quick Ratio | — | — | 0.78 | 0.74 | 0.62 | 0.83 | 0.85 | 0.72 | 1.02 | 0.94 | 0.80 |
| Cash Ratio | 0.04 | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.12 | 0.10 | 0.05 |
| Asset Turnover | — | — | 0.21 | 0.21 | 0.20 | 0.13 | 0.26 | 0.28 | 0.30 | 0.29 | 0.27 |
| Inventory Turnover | 15.97 | — | 15.97 | 15.98 | 14.63 | 18.82 | 13.65 | 13.64 | 15.43 | 14.63 | 13.85 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EXC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Exelon Corporation returns 3.5% to shareholders annually primarily through dividends. The earnings yield of 6.1% (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 | 3.5% | 3.7% | 2.1% | 4.0% | 3.1% | 3.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.0% |
| Payout Ratio | — | — | 31.5% | 61.6% | 61.5% | 87.7% | 76.0% | 48.0% | 66.3% | 32.8% | 102.8% |
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 | 6.1% | 6.3% | 6.5% | 6.5% | 4.8% | 4.2% | 6.7% | 9.3% | 6.4% | 14.1% | 4.8% |
| FCF Yield | — | — | — | — | — | — | — | — | 3.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% |
| Total Shareholder Yield | 3.5% | 3.7% | 2.1% | 4.0% | 3.1% | 3.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.8% |
| Shares Outstanding | — | $1.0B | $1.0B | $997M | $987M | $980M | $977M | $974M | $969M | $949M | $927M |
Peer Comparison
Compare EXC 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 |
|---|---|---|---|---|---|---|---|---|---|
 EXCYou | $45B | 16.5 | 10.8 | — | 45.9% | 21.2% | 9.9% | 5.1% | 5.7 |
 DUK | $98B | 19.9 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.9 | 12.8 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 D | $54B | 17.9 | 15.1 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 AEP | $72B | 19.9 | 13.9 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 PCG | $36B | 13.7 | 9.8 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
 ED | $25B | 18.9 | 4.8 | 5.6 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
 PPL | $27B | 23.1 | 12.7 | — | 39.1% | 23.6% | 6.6% | 4.6% | 5.2 |
 ES | $26B | 30.2 | 12.2 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
 XEL | $50B | 23.6 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 WEC | $37B | 23.6 | 15.4 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
| Utilities Median | — | 19.8 | 11.3 | 15.1 | 40.9% | 19.9% | 9.4% | 4.8% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full EXC Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See EXC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs EXC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare EXC vs DUK
Side-by-side business, growth, and profitability comparison vs Duke Energy Corporation.
Start ComparisonEXC — Frequently Asked Questions
Quick answers to the most common questions about buying EXC stock.
What is Exelon Corporation's P/E ratio?
Exelon Corporation's current P/E ratio is 16.5x. The historical average is 13.9x. This places it at the 76th percentile of its historical range.
What is Exelon Corporation's EV/EBITDA?
Exelon Corporation's current EV/EBITDA is 10.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
What is Exelon Corporation's ROE?
Exelon Corporation's return on equity (ROE) is 9.9%. The historical average is 11.3%.
Is EXC stock overvalued?
Based on historical data, Exelon Corporation is trading at a P/E of 16.5x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Exelon Corporation's dividend yield?
Exelon Corporation's current dividend yield is 3.55%.
What are Exelon Corporation's profit margins?
Exelon Corporation has 45.9% gross margin and 21.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Exelon Corporation have?
Exelon Corporation's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.