Exelon Corporation (EXC) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↑
10.96
+5% 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
↑
1.61
+12% 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
↑
5.75
+5% vs avg
5yr avg: 5.46
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 16.7x earnings, 8% 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 19.0x, the stock trades at a discount of 12%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $46.9B | $44.1B | $37.8B | $35.8B | $42.7B | $40.4B | $29.4B | $31.7B | $31.2B | $26.7B | $23.5B |
| Enterprise Value | $96.3B | $93.5B | $84.0B | $79.4B | $82.3B | $74.2B | $68.1B | $68.9B | $66.3B | $61.1B | $58.7B |
| P/E Ratio → | 16.72 | 15.91 | 15.36 | 15.34 | 20.78 | 23.67 | 14.98 | 10.80 | 15.54 | 7.08 | 20.75 |
| P/S Ratio | 1.93 | 1.82 | 1.64 | 1.65 | 2.24 | 2.25 | 0.89 | 0.92 | 0.87 | 0.80 | 0.75 |
| P/B Ratio | 1.61 | 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 | 7.49 | 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 11.0x EBITDA, roughly in line with its 5-year average of 10.5x. The Utilities sector median is 11.9x, placing the stock at a 8% discount 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 | — | 3.86 | 3.65 | 3.65 | 4.31 | 4.14 | 2.06 | 2.00 | 1.84 | 1.82 | 1.87 |
| EV / EBITDA | 10.96 | 10.64 | 10.62 | 10.54 | 12.40 | 8.14 | 7.28 | 6.78 | 6.73 | 6.23 | 6.68 |
| EV / EBIT | 18.72 | 18.18 | 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%, above the Utilities sector average of 18.5%. 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 | 27.9% | 27.9% | 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 | 2.5% | 2.5% | 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 | 5.0% | 5.0% | 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 5.8x, which is highly leveraged (11% above the sector average of 5.2x). Net debt stands at $49.4B ($50.6B total debt minus $1.2B cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.76 | 1.76 | 1.73 | 1.71 | 1.62 | 0.99 | 1.13 | 1.09 | 1.11 | 1.11 | 1.30 |
| Debt / EBITDA | 5.75 | 5.75 | 5.90 | 5.85 | 6.03 | 3.79 | 4.21 | 3.72 | 3.70 | 3.63 | 4.09 |
| Net Debt / Equity | — | 1.72 | 1.72 | 1.69 | 1.60 | 0.97 | 1.11 | 1.08 | 1.06 | 1.07 | 1.28 |
| Net Debt / EBITDA | 5.62 | 5.62 | 5.85 | 5.79 | 5.97 | 3.72 | 4.14 | 3.66 | 3.57 | 3.51 | 4.01 |
| Debt / FCF | — | — | — | — | — | — | — | — | 33.50 | — | — |
| Interest Coverage | 2.42 | 2.42 | 2.39 | 2.56 | 2.66 | 2.28 | 2.43 | 3.47 | 2.43 | 3.42 | 2.28 |
EXC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.92x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.2B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.82x to 0.92x 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 | 0.92 | 0.92 | 0.87 | 0.82 | 0.69 | 0.87 | 0.98 | 0.85 | 1.17 | 1.10 | 0.92 |
| Quick Ratio | 0.84 | 0.84 | 0.78 | 0.74 | 0.62 | 0.83 | 0.85 | 0.72 | 1.02 | 0.94 | 0.80 |
| Cash Ratio | 0.11 | 0.11 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.12 | 0.10 | 0.05 |
| Asset Turnover | — | 0.21 | 0.21 | 0.21 | 0.20 | 0.13 | 0.26 | 0.28 | 0.30 | 0.29 | 0.27 |
| Inventory Turnover | 20.14 | 20.14 | 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. A payout ratio of 58.4% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.0% (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 | 58.4% | 58.4% | 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 | 6.0% | 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 | $47B | 16.7 | 11.0 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 DUK | $97B | 19.6 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.7 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 D | $60B | 19.8 | 16.0 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 AEP | $69B | 19.2 | 13.6 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 PCG | $36B | 14.0 | 9.8 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
 ED | $39B | 18.9 | 12.6 | 1088.8 | 62.0% | 17.3% | 8.8% | 4.4% | 5.5 |
 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 |
 XEL | $48B | 22.6 | 14.2 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 WEC | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
| 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
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Deep dive into EXC 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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EXC — 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 16.7x. 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 11.0x. 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 16.7x. 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 3.49% with a payout ratio of 58.4%.
What are Exelon Corporation's profit margins?
Exelon Corporation has 27.9% 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 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.