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Companies / Utilities / Consolidated Edison
ED

Consolidated Edison

UtilitiesElectric, Gas & WaterS&P 500
Ticker EDNEW YORK, NYFiscal year ends DecemberBook value per share $70.12Diluted shares 366.8M

Consolidated Edison, Inc. (NYSE: ED) is a holding company whose principal businesses provide regulated energy delivery and develop and invest in electric transmission projects. Its subsidiaries include Consolidated Edison Company of New York (CECONY), Orange and Rockland Utilities (O&R), and Con Edison Transmission.… From the company’s description.

In fiscal 2025, Consolidated Edison reported revenue of $16.92B, up 10.9% from fiscal 2024, and net income of $2.02B. Its operating margin was 17.3%, and operations generated $4.80B in cash. Over the twelve months to Jun 30, 2026, revenue was $17.69B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$16.92BFY2025
+10.9% year over year
Last 12 mo $17.69B
17.35%FY2025
−0.2 percentage points
Last 12 mo 18.01%
$2.02BFY2025
+11.2% year over year
Last 12 mo $2.22B
8.36%FY2025
+0.1 percentage points
Last 12 mo 8.62%
Cash & financing
$4.80BFY2025
+32.8% year over year
Last 12 mo $3.96B
$36.00MFY2025
+103.1% year over year
Last 12 mo $-862.00M
0.12FY2025
Was 0.14× a year earlier
Last 12 mo 0.05
358.7MFY2025
+3.3% year over year
Last 12 mo 366.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Consolidated Edison does

In the company’s own words

Consolidated Edison, Inc. (NYSE: ED) is a holding company whose principal businesses provide regulated energy delivery and develop and invest in electric transmission projects. Its subsidiaries include Consolidated Edison Company of New York (CECONY), Orange and Rockland Utilities (O&R), and Con Edison Transmission. CECONY delivers electricity and gas in New York City and Westchester County and steam in parts of Manhattan; O&R provides electric service in southeastern New York and northern New Jersey and gas service in southeastern New York. Con Edison Transmission develops and invests in electric transmission projects and holds electric and gas assets through joint ventures. Utility customers include households, businesses, and public-sector entities, while transmission projects serve customers with potential competitive alternatives. In 2025, CECONY served approximately 3.7 million electric customers and 1.1 million gas customers, and O&R served approximately 300,000 electric customers. CECONY also delivered about 16,975 million pounds of steam to approximately 1,490 customers. Its website is www.conedison.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1047862
SIC
4931

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.77B$3.54B$8.84B$14.15B$19.46B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Consolidated Edison — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

707
funds hold it
0 of 35
superinvestors hold it
$12.44B
held by funds, at market
30.6%
of shares held by funds

Largest fund holders · Consolidated Edison’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.39%of fund net assets
2.87%of fund net assets
4.75%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Consolidated Edison and its peers compare on margins and cash generation over ten years?”
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