Screener / SEC EDGAR /CIK 0001109357 /10-K filed Feb 12, 2026, compared with Feb 12, 2025 /Numbers from the XBRL of the 10-Ks
Utilities peers:
Nasdaq Utilities · Electric & Gas Utilities

Exelon EXC

Headquarters
Chicago, IL
Next results
around Feb 11, 2027
Compare with peers Embed

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.

Compare
Revenue growth: 5.3%, above 20% of 30 peers (their median 9.7%) REVENUE GROWTH 5.3% · above 20% Operating margin: 21.0%, above 32% of 28 peers (their median 23.1%) OPERATING MARGIN 21.0% · above 32% Net margin: 11.2%, above 17% of 30 peers (their median 14.1%) NET MARGIN 11.2% · above 17% FCF margin: -8.7%, above 70% of 23 peers (their median -16.0%) FCF MARGIN -8.7% · above 70% Return on capital: 5.4%, above 61% of 28 peers (their median 5.3%) RETURN ON CAPITAL 5.4% · above 61%
EXC Peer median Below the median

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.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +20.4% vs revenue +5.3% (+15.1 pts)
  • Cash from operations $6.3B vs net income $2.8B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Accounting for the Effects of Rate Regulation
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • 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.

All 4 new paragraphs
  1. 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

All years
MetricFY2022FY2023FY2024FY2025
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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

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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