Exelon EXC

Electric transmission & distribution. Exelon Corporation, listed on NASDAQ.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Exelon's market cap is
about $47.61 billion.

#226 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $24.258B.

Share price (close): $46.53; Close on Nov 5, 2026 · per share
P/E ratio: —; Net loss, or no EPS reported
Market cap: $47.61B; #226 of 289
Revenue: $24.258B; #133 of 299 · +5.3% YoY
Operating income: $5.148B; #78 of 231 · +19.2% YoY
Net income: $2.768B; #148 of 298 · +12.5% YoY
Free cash flow: −$2.275B; #250 of 261 · −48.9% YoY
Total assets: $116.57B; #70 of 299 · +8.2% YoY
Dividends paid: $1.617B; #86 of 214 · +6.1% YoY
Dividend per share: $1.60; #153 of 205 · +5.3% YoY
Dividend yield: 3.4%; #28 of 203
Shares outstanding: 1,023,000,000 shares; As of Dec 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Operating expenses78.8%
Taxes, interest & other9.8%
Net income11.4%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +5.3%; #197 of 299; Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: 21.2%; #99 of 231; 21.2% of revenue was kept as operating profit. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 11.4%; #181 of 298; After taxes, 11.4% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: −9.4%; #247 of 261; The company spent more on investment than it generated in cash. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 9.9%; #207 of 276; Earnings relative to equity are about average. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 304.8%; #187 of 244; Liabilities are more than twice equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$6.254B
Capital spending−$8.529B
Cash shortfall (FCF)−$2.275B
Dividends paid−$1.617B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 75%Equity 25%

Total assets$116.57B
Total liabilities$87.772B
Total equity$28.798B
Cash and equivalents$626M

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
ExelonEXC	$24.258B	$2.768B	+5.3%	21.2%	11.4%
Con EdisonED	$17.049B	$2.023B	+10.2%	17.2%	11.9%
EntergyETR	$12.946686B	$1.773328B	+9.0%	24.7%	13.7%
Xcel EnergyXEL	$14.669B	$2.018B	+9.1%	17.6%	13.8%
SempraSRE	$13.702B	$1.837B	+3.9%	—	13.4%

What the company does

Exelon is the largest US power delivery utility, supplying electricity and gas in Chicago, Philadelphia and other areas.

The fiscal year ends around December each year.

Related companies: Con Edison, Entergy, Xcel Energy, Sempra

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	17.938B	19.078B	21.727B	23.028B	24.258B
Operating income	2.682B	3.315B	4.023B	4.319B	5.148B
Pretax income	1.654B	2.403B	2.702B	2.667B	3.291B
Net income	1.829B	2.171B	2.328B	2.46B	2.768B
Operating cash flow	3.012B	4.87B	4.703B	5.569B	6.254B
Capital expenditures	7.981B	7.147B	7.408B	7.097B	8.529B
Free cash flow (FCF)	−4.969B	−2.277B	−2.705B	−1.528B	−2.275B
Dividends paid	1.497B	1.334B	1.433B	1.524B	1.617B
Total assets	133.013B	95.349B	101.856B	107.784B	116.57B
Total liabilities	98.218B	70.605B	76.101B	80.863B	87.772B
Total equity	34.795B	24.744B	25.755B	26.921B	28.798B
Cash and equivalents	672M	407M	445M	357M	626M
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Exelon Corporation · CIK 0001109357 · US-GAAP