10x Insights
Loading account…
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) operates as a holding company providing energy services to customers in New York and New Jersey through its regulated utility subsidiaries and transmission investments. The company's website is www.conedison.com. From the company’s description.

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) operates as a holding company providing energy services to customers in New York and New Jersey through its regulated utility subsidiaries and transmission investments. The company's website is www.conedison.com.

The company's principal operations consist of three main business segments. Consolidated Edison Company of New York, Inc. (CECONY) provides electric service to approximately 3.7 million customers across New York City and most of Westchester County, delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens and Westchester County, and operates the largest steam distribution system in the United States serving approximately 1,490 customers in parts of Manhattan. Orange and Rockland Utilities, Inc. (O&R), together with its New Jersey subsidiary Rockland Electric Company, provides electric service to approximately 0.3 million customers in southeastern New York and northern New Jersey and delivers gas to over 0.1 million customers in southeastern New York. Con Edison Transmission, Inc. develops and invests in electric transmission projects and owns interests in both electric and gas assets through joint ventures.

The Utilities operate in a highly regulated environment under the oversight of the New York State Public Service Commission and the New Jersey Board of Public Utilities. Their business model centers on providing reliable energy delivery infrastructure rather than energy generation or supply, with customers able to purchase electricity and gas from alternative suppliers while paying the Utilities for delivery service. The company's rate plans are designed to recover costs of service, including capital investments in energy delivery systems.

In 2025, the Utilities invested approximately $4.9 billion to upgrade and reinforce their energy delivery systems, with significant capital investments planned through 2030. The company maintains a focus on clean energy transition, supporting New York's Climate Leadership and Community Protection Act and New York City's Climate Mobilization Act through infrastructure modernization and distributed energy resource integration. Con Edison anticipates that its regulated utility operations will continue to provide substantially all of its earnings over the coming years.

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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Consolidated Edison and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Consolidated Edison's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Consolidated Edison's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.