{ "ok": true, "cik": "1047862", "ticker": "ED", "name": "CONSOLIDATED EDISON INC", "filings": [ { "form": "8-K", "filed": "2026-09-04", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526383674/0001193125-26-383674-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000104786226000142/0001047862-26-000142-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000104786226000143/0001047862-26-000143-index.htm" }, { "form": "8-K", "filed": "2026-07-02", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526294715/0001193125-26-294715-index.htm" }, { "form": "8-K", "filed": "2026-06-03", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526254760/0001193125-26-254760-index.htm" }, { "form": "8-K", "filed": "2026-05-20", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526232621/0001193125-26-232621-index.htm" } ], "events12m": 15, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-07-02", "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526294715/0001193125-26-294715-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001047862.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047862" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up CONSOLIDATED EDISON INC ($ED). Last filing: 8-K (8.01 Other Events), 2026-09-04. 15 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 17049000000, "revenueGrowth1y": 0.1021397633977632, "revenueGrowthPerYear": 0.05665923893942759, "yearsOfData": 5, "operatingMargin": 0.17215085928793478, "operatingMarginPrior": 0.17260327105824552, "netMargin": 0.11865798580561909, "operatingCashFlow": 4800000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 1629000000, "longTermDebt": 25801000000, "longTermDebtChange": 0.044152165115337816, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 13676000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 15670000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 14663000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 15469000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 17049000000 } ], "totalEquity": 24190000000, "totalAssets": 74603000000, "equityRatio": 0.3242496950524778, "returnOnEquity": 0.08362959900785448, "dividendsPaid": 1166000000, "payoutRatio": 0.5763717251606525, "dividendPerShare": 3.32, "dividendYearsRising": 15, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 5.66, "sharesOutstanding": 358700000, "bookValuePerShare": 67.43797044884305, "revenuePerShare": 47.52996933370505, "range80": { "low": 15781348366.911093, "high": 19506463656.701424, "baseline": 18162753237.672318, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.08776605433307923, "classVolatility": 0.06659579566308972, "volatility": 0.07790340266380223 }, "ifPaceHeld": { "low": 15781348366.911093, "high": 19506463656.701424 } }, "edgarette": "🔖 Exposure: revenue $17.0B (FY2025), total debt $25.8B. Experience: revenue up 10.2% on the year, up 5.7% a year over 4 years; operating margin 17.2%, down from 17.3%. Soundness: equity 32.4% of assets, return on equity 8.4%, payout 57.6% of profit, dividend per share up 15 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $15.8B and $19.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $14.4B to $21.2B. A statistical range, not company guidance. Against peers (18 filers, $50M+ revenue, electric & other services combined): operating margin 17.2% against a 20.2% median; growth 10.2% against 13.8%.", "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "summary": "Consolidated Edison (ED) grew revenue 10.2% in FY2025 to $17.0 billion, operating margin 17.2% against a 20.2% median for electric & other services combined, equity 32.4% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
CONSOLIDATED EDISON INC against its own record and its peers
Operating marginPeer median 20.2%17.2%Revenue, on the yearPeer median 13.8%10.2%Equity of assetsPeer median 28.6%32.4%Return on equityPeer median 8.2%8.4%Payout of profitPeer median 60.0%57.6%Gold tick: the median of 11–15 peers with $50M+ revenue in electric & other services combined
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit57.6% paid out42.4% keptHanded back per share$3.32up 15 years runningGrowth its own profit can fund3.5%retained x return on equityRevenue growth it managed10.2%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 13, "hits": 7, "rate": 0.5384615384615384, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:37.985Z", "hash": "b891ee95da075781", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Consolidated Edison (ED) grew revenue 10.2% in FY2025 to $17.0 billion, operating margin 17.2% against a 20.2% median for electric & other services combined, equity 32.4% of assets, and dividend per share up 15 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 17049000000, "totalDebt": 25801000000, "cash": 1629000000 }, "experience": { "revenueGrowth1y": 0.1021397633977632, "revenueGrowthPerYear": 0.05665923893942759, "operatingMargin": 0.17215085928793478, "operatingMarginPrior": 0.17260327105824552, "netMargin": 0.11865798580561909, "freeCashFlow": null }, "soundness": { "equityRatio": 0.3242496950524778, "returnOnEquity": 0.08362959900785448, "payoutRatio": 0.5763717251606525, "dividendPerShare": 3.32, "dividendYearsRising": 15, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4931, "sicDescription": "Electric & Other Services Combined", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4931", "growth": [ 0.1379, 18 ], "opMargin": [ 0.2023, 18 ], "equityRatio": [ 0.2856, 15 ], "returnOnEquity": [ 0.0823, 13 ], "payoutRatio": [ 0.5996, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-07-02", "url": "https://www.sec.gov/Archives/edgar/data/1047862/000119312526294715/0001193125-26-294715-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 15781348366.911093, "high": 19506463656.701424, "baseline": 18162753237.672318, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.08776605433307923, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.07790340266380223, "k": 3 }, "stress": { "low": 14378534309.339247, "high": 21235279446.458046, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 7, "rate": 0.5384615384615384, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2014": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:34:37.985Z", "hash": "b891ee95da075781", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001047862.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047862" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2815, "growth3y": 0.0285, "volatility": 0.0878, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3242, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 28.1% of revenue into operating cash; revenue growing 2.9% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 81st percentile for cash, 39th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 81, "growthPctInClass": 39, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 4800000000, "investing": -5249000000, "financing": 746000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2733000000, "free": -1231000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3935000000, "free": -530000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 2156000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 3614000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 4800000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1629000000, "shortTerm": null, "longTerm": 1213000000, "equityHoldings": null, "totalAssets": 74603000000, "ladder": null, "currentRatio": 1.02, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2815, "growth3y": 0.0285, "volatility": 0.0878, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3242, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 28.1% of revenue into operating cash; revenue growing 2.9% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 81st percentile for cash, 39th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$10B+", "cashPctInClass": 81, "growthPctInClass": 39, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 4800000000, "investing": -5249000000, "financing": 746000000, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2733000000, "free": -1231000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 3935000000, "free": -530000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 2156000000, "free": null }, { "fiscalYearEnd": "2024-12-31", "operating": 3614000000, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": 4800000000, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 1629000000, "shortTerm": null, "longTerm": 1213000000, "equityHoldings": null, "totalAssets": 74603000000, "ladder": null, "currentRatio": 1.02, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }