Consolidated Edison, Inc.
EDUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jun 3, 2026
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Daily timeframeHeadquartered within the utilities sector, Consolidated Edison, Inc. focuses on Utilities - Regulated Electric services and products. Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The $38.25B market capitalization puts ED squarely in large-cap range for its industry. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan.
Market Cap
$38.25B
Beta
0.29
P/E (TTM)
17.50
P/E (Fwd)
15.99
EPS (TTM)
$5.93
EPS (Fwd)
$6.49
ROE
8.7%
ROA
3.2%
Cash
$147.0M
Total Debt
$27.18B
Free CF
-$833.2M
52W Change
1.6%
Annual Financials
Cash vs Debt
Consolidated Edison, Inc. carries $27.18B in total debt against $147.0M in cash reserves — debt is roughly 184.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$833.2M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 8.7%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $15.67B (2022) to $16.92B (2025).
The relatively low beta of 0.29 suggests ED is a less volatile holding compared to the broader index. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing ED.