Exelon EXC
- Headquarters
- Chicago, IL
- Next results
- around Feb 11, 2027
EXC among Utilities peers
Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.
What changed
4 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 12, 2026 against Feb 12, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 9 checks found nothing to note
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Receivables growing faster than revenueReceivables +20.4% vs revenue +5.3% (+15.1 pts)
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Cash from operations $6.3B vs net income $2.8B (FY ending Dec 31, 2025)
8 more checks with nothing to note
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Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Accounting for the Effects of Rate Regulation
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
4 paragraphs in Risk Factors that were not in the 10-K filed Feb 12, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 12, 2025 10-K, ITEM 1A
Energy storage systems provide additional resources for enhancing grid reliability and stability by providing rapid response capabilities, allowing the injection and absorption of power during electric supply and demand imbalances. As forecasted load increases, the lack of sufficient energy storage growth may also lead to greater price…
New risk paragraphs, against peers
Latest 10-K of each, Utilities companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $19.1B | $21.7B | $23.0B | $24.3B |
| Net income | $2.2B | $2.3B | $2.5B | $2.8B |
| Operating cash flow | $4.9B | $4.7B | $5.6B | $6.3B |
| Free cash flow | −$2.3B | −$2.7B | −$1.5B | −$2.3B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$24.3B ▲ 5.3% in FY2025$2.8B ▲ 12.5% in FY2025−$2.3B in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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8-KOct 30, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
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10-QOct 30, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Exelon, Chicago, IL · from the 10-K filed Feb 12, 2026
Exelon is a utility services holding company engaged in the energy transmission and distribution businesses through its subsidiaries, ComEd, PECO, BGE, Pepco, DPL, and ACE. Name of Registrant Business Service Territories Commonwealth Edison Company Purchase and regulated retail sale of electricity Northern Illinois, including the City of Chicago ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────…
- Headquarters
- Chicago, IL
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Oct 30, 2026
- Incorporated in
- PA
Email alerts
Sources
The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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