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Consolidated Edison, Inc.(ED)

F

Financial data as of Dec 31, 2025Improving · Utilities

FCF Margin0.2%Free Cash Flow / Revenue
Cash Conversion237.3%Operating CF / Net Income
Free Cash Flow$36.0M
Revenue$16.9B
Net Cash-$26.7BNet debt position
Debt / FCF788.2xElevated debt burden
Current Ratio1.02Adequate short-term liquidity
YoY FCF Growth+144.4%3 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-2Extreme debt-to-FCF ratio (788.2x)
→
+1Strong YoY FCF growth (144.4% YoY)
→
-0.5Highly volatile FCF (consistency: 19.96)
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (237%)
  • Strong YoY FCF growth (+144.4%)

Concerns

  • Low FCF margin (0.2%)
  • Heavy debt position ($26.7B net debt, 788.2x FCF)
  • High debt-to-FCF ratio (788.2x)
  • Only 3 positive FCF quarters recently
  • Highly volatile quarterly FCF
Heavy CapEx — Operating cash flow is strong (28% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin0.2%
Net Margin12.0%
Operating CF Margin28.4%
CapEx Ratio28.2%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$26.7BNet debt position
Debt / FCF788.2xElevated debt burden
Current Ratio1.02Adequate liquidity
Debt / Equity1.17Moderate leverage

Quarterly FCF Trend

+144.4% YoYImproving (+144.4%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameConsolidated Edison, Inc.
SectorUtilities
Free Cash Flow$36.0M
Revenue$16.9B
Net Income$2.0B
Operating Cash Flow$4.8B
Capital Expenditure$4.8B
FCF Margin0.2%
Cash Conversion Rate237.3%
Net Margin12.0%
Total Debt$28.4B
Total Cash$1.6B
Net Cash-$26.7B
Current Ratio1.02
Debt / Equity1.17
Debt / FCF788.2x
YoY FCF Growth+144.4%
Positive Quarters3 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance