TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

ED stock analysis: Consolidated Edison

Consolidated Edison (ED) is an S&P 500 company in Multi-Utilities. It grades strongest on momentum.

The model's view of ED · subscribers

Where ED ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with ED · updated 2026-10-05 · from prices and SEC filings

ED price performance

ED against the S&P 500, one year
+0%+10%S&P 500 +18%ED +7%2025-09-292026-10-05
Year to date+6.7%S&P 500 +14.5% · behind by 7.8 pts
1 year+8.1%S&P 500 +17.0% · behind by 8.9 pts
3 years+35.1%S&P 500 +89.3% · behind by 54.2 pts
5 years+68.3%S&P 500 +91.3% · behind by 23.0 pts

Total returns with dividends reinvested.

ED factor grades

Each grade compares ED with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 17.4x (industry 18.8x)FCF yield 10.9% (industry -5.1%)
B-GrowthRevenue growth +9% (industry +7%)EPS growth +10% (industry +9%)
C+ProfitabilityOperating margin 17.4% (industry 20.0%)ROIC 9.1% (industry 5.5%)
AMomentum12-month change +8%From 52-wk high -9%

ED in plain numbers

ED key statistics

SectorUtilities
IndustryMulti-Utilities
IndexS&P 500
Market value$38.1B
Revenue growth (y/y)+9%
Free-cash-flow yield10.9%
Dividend yield3.4%
Next earnings (expected)2026-11-05
Valuation measures
Market value$38.1B
Enterprise value$38.0B
P/E (trailing)17.4x
Forward P/E (Torvanta estimate)16.7x
PEG (Torvanta estimate)3.87
Price / sales2.2x
Price / book1.5x
EV / revenue2.2x
EV / EBITDA7.1x
Financial highlights
Revenue, last 12 months$17.2B
Net income, last 12 months$2.2B
EPS, last 12 months (GAAP)$5.93
Operating margin17.4%
Net margin12.5%
Return on equity8.7%
Return on invested capital9.1%
Cash$147.0M
Interest cover2.4x
Current ratio1.19x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

ED earnings trends

Revenue vs earnings
$0$1.3B$2.5B$3.8B$5.1BJun 2024 Revenue: $3.2BSep 2024 Revenue: $4.1BDec 2024 Revenue: $3.7BMar 2025 Revenue: $4.8BJun 2025 Revenue: $3.6BSep 2025 Revenue: $4.5BDec 2025 Revenue: $4.0BMar 2026 Revenue: $5.1BJun 2024 Net income: $202.0MSep 2024 Net income: $588.0MDec 2024 Net income: $310.0MMar 2025 Net income: $791.0MJun 2025 Net income: $246.0MSep 2025 Net income: $688.0MDec 2025 Net income: $297.0MMar 2026 Net income: $924.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 6.3%Net margin: 14.4%Net margin: 8.4%Net margin: 16.5%Net margin: 6.8%Net margin: 15.2%Net margin: 7.4%Net margin: 18.1%0%9%18%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.3$1.9$2.5Jun 2024 EPS (GAAP, diluted): $0.6Sep 2024 EPS (GAAP, diluted): $1.7Dec 2024 EPS (GAAP, diluted): $0.9Mar 2025 EPS (GAAP, diluted): $2.3Jun 2025 EPS (GAAP, diluted): $0.7Sep 2025 EPS (GAAP, diluted): $1.9Dec 2025 EPS (GAAP, diluted): $0.8Mar 2026 EPS (GAAP, diluted): $2.5Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +17% · Sep 2025 +12% · Dec 2025 -9% · Mar 2026 +13%

From the company's 10-Q and 10-K filings with the SEC.

Consolidated Edison financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$13.7B$15.7B$14.7B$15.3B$16.9B
Net income$1.3B$1.7B$2.5B$1.8B$2.0B
EPS (GAAP)$3.84$4.67$7.19$5.24$5.64

ED earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-05-07$2.54+13%+6%-1.0%
2026-02-19$0.81-9%+9%-2.1%
2025-11-06$1.90+12%+11%+3.5%
2025-08-07$0.68+17%+12%-0.4%
2025-05-01$2.25+8%+12%-4.6%
2025-02-20$0.89-8%+7%+5.3%

About Consolidated Edison

HeadquartersNew York, NY
Industry (SEC code)Electric & Other Services Combined
Fiscal year endsDecember 31
Incorporated inNY
Listed onNYSE

From the company's SEC registration record.

Companies similar to ED

CompanyMarket valueP/ERevenue growthOperating margin12-month change
ED Consolidated Edison$38.1B17.4x+9%17.4%+8%
PCG PG&E$33.1B8.9x+6%20.0%-21%compare
SRE Sempra$51.1B26.5x+2%n/a-12%compare
AEE Ameren$27.6B17.6x+4%24.9%-1%compare
D Dominion Energy$53.7B18.1x+17%26.3%+3%
CNP CenterPoint$24.7B23.2x+5%22.5%-1%
CMS CMS Energy$20.1B19.2x+10%18.9%-8%

All Utilities stock ratings

Frequently asked questions

Is ED stock a buy?

Torvanta does not tell individuals what to buy. Its grades for ED are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is ED's P/E ratio?

ED trades at about 17.4 times its last 12 months of GAAP earnings reported to the SEC, and about 16.7 times Torvanta's own estimate of the next 12 months.

When does ED report earnings next?

Based on its filing history, Torvanta expects Consolidated Edison to report around 2026-11-05.

Does ED pay a dividend?

Yes. Its dividend yield is about 3.4%, and it has raised its dividend 15 years in a row.

How has ED performed against the S&P 500?

Over the past year ED returned +8.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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