Consolidated Edison vs Xcel Energy
Consolidated Edison is the larger business, with $16.92bn of revenue in fiscal 2025 against $14.67bn for Xcel Energy (1.2 times as much). Consolidated Edison grew faster (10.9% against 9.1%). Xcel Energy kept more of each dollar of sales as profit: a net margin of 13.8% against 12.0%. Consolidated Edison carries less debt relative to equity (113.2% against 143.5%).
| Latest fiscal year | Consolidated EdisonED, 2025 | Xcel EnergyXEL, 2025 |
|---|---|---|
| Revenue | $16.92bn | $14.67bn |
| Revenue growth | 10.9% | 9.1% |
| Net income | $2.02bn | $2.02bn |
| Operating margin | 17.3% | 17.6% |
| Net margin | 12.0% | 13.8% |
| Return on equity | 8.8% | 9.4% |
| Free cash flow | $4.80bn | −$6.83bn |
| Cash | $1.63bn | $274m |
| Total debt | $27.38bn | $33.88bn |
| Debt to equity | 113.2% | 143.5% |
| Dividend per share | — | $2.28 |
| Dividend yield | 2.8% | 2.8% |
| Share buybacks | $0 | — |
| Employees | 15,407 | 11,380 |
| Market value | $42.16bn | $49.99bn |
| Price vs our value range | Within our value range | — |
| Moat score | 46 (Moderate) | 35 (Weak) |
| Insider trades, 12 months | 4 buys, 3 sales | 0 buys, 2 sales |