Exelon (EXC) vs peers in numbers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
EXC Exelon	FY2025	$24.3B	+5.3%	21.2%	11.4%	−9.4%	9.6%	1.74
PCG PG&E Corporation	FY2025	$24.9B	+2.1%	19.0%	10.4%	−12.3%	8.0%	1.85
AEP American Electric Power	FY2025	$21.9B	+8.7%	24.3%	16.4%	16.0%	11.5%	1.54
NEE NextEra Energy	FY2025	$27.4B	+9.8%	30.2%	24.9%	-	12.5%	1.74
VST Vistra Corp.	FY2025	$17.7B	+19.1%	10.7%	5.3%	7.4%	18.5%	3.70
SO Southern Company	FY2025	$29.6B	+10.6%	24.7%	14.7%	−9.9%	12.1%	2.02
EIX Edison International	FY2025	$19.3B	+9.8%	36.7%	23.1%	−3.7%	25.4%	2.30
CEG Constellation Energy	FY2025	$25.5B	+19.5%	12.1%	9.1%	5.0%	16.0%	0.62
ED Consolidated Edison	FY2025	$17.0B	+10.2%	17.2%	11.9%	-	8.4%	1.07
D Dominion Energy	FY2025	$16.5B	+16.5%	26.7%	18.1%	-	10.3%	1.68

RevenueSales growthOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	$31.4B	$33.6B	$36.0B	$34.4B	$16.7B	$17.9B	$19.1B	$21.7B	$23.0B	$24.3B
PCG Dec	$17.7B	$17.1B	$16.8B	$17.1B	$18.5B	$20.6B	$21.7B	$24.4B	$24.4B	$24.9B
AEP Dec	$16.4B	$15.4B	$16.2B	$15.6B	$14.9B	$16.8B	$19.6B	$19.5B	$20.0B	$21.9B
NEE Dec	$16.1B	$17.2B	$16.7B	$19.2B	$18.0B	$17.1B	$21.0B	$28.1B	$24.8B	$27.4B
VST Dec	-	$5.4B	$9.8B	$11.8B	$11.4B	$17.7B	$15.6B	$14.8B	$17.2B	$17.7B
SO Dec	$19.9B	$23.0B	$23.5B	$21.4B	$20.4B	$23.1B	$29.3B	$25.3B	$26.7B	$29.6B
EIX Dec	$11.9B	$12.3B	$12.7B	$12.3B	$13.6B	$14.9B	$17.2B	$16.3B	$17.6B	$19.3B
CEG Dec	-	-	-	-	$17.6B	$19.6B	$24.4B	$24.9B	$23.6B	$25.5B
ED Dec	$12.1B	$12.0B	$12.3B	$12.6B	$12.2B	$13.7B	$15.7B	$14.7B	$15.5B	$17.0B
D Dec	$11.7B	$12.6B	$11.2B	$14.4B	$14.2B	$11.7B	$14.6B	$14.4B	$14.5B	$16.5B
Peer median	$16.1B	$14.0B	$14.4B	$15.0B	$14.9B	$17.1B	$19.6B	$19.5B	$20.0B	$21.9B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	+6.5%	+7.0%	+7.2%	−4.3%	−4.1%	+7.7%	+6.4%	+13.9%	+6.0%	+5.3%
PCG Dec	+4.9%	−3.0%	−2.2%	+2.2%	+7.8%	+11.8%	+5.0%	+12.7%	0.0%	+2.1%
AEP Dec	−0.4%	−5.8%	+5.0%	−3.9%	−4.1%	+12.6%	+17.0%	+0.3%	+2.6%	+8.7%
NEE Dec	−7.6%	+6.4%	−2.6%	+13.6%	−2.9%	+10.6%	+22.3%	+7.8%	−5.2%	+9.8%
VST Dec	-	-	+68.4%	+17.9%	−6.0%	+63.1%	−11.7%	−11.7%	+6.9%	+19.1%
SO Dec	+13.8%	+15.8%	+2.0%	−8.8%	−4.9%	+13.4%	+26.7%	−13.8%	+5.8%	+10.6%
EIX Dec	+3.0%	+3.8%	+2.7%	−2.4%	+10.0%	+9.8%	+15.5%	−5.1%	+7.7%	+9.8%
CEG Dec	-	-	-	-	-	+11.6%	+25.0%	−3.4%	−9.0%	+19.5%
ED Dec	−3.8%	−0.3%	+2.5%	+1.8%	−1.0%	+11.9%	+14.9%	−6.3%	+6.9%	+10.2%
D Dec	+0.5%	+7.2%	+6.2%	+26.2%	+0.1%	+3.0%	+24.8%	−7.3%	+5.2%	+16.5%
Peer median	+0.5%	+3.8%	+2.6%	+2.0%	−1.9%	+11.8%	+17.0%	−5.1%	+5.2%	+10.2%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	10.2%	13.1%	10.8%	12.7%	13.1%	15.0%	17.4%	18.5%	18.8%	21.2%
PCG Dec	11.8%	17.0%	−57.9%	−58.9%	9.5%	9.1%	8.5%	10.9%	18.3%	19.0%
AEP Dec	7.1%	22.9%	16.6%	16.7%	20.0%	20.3%	17.7%	18.3%	21.6%	24.3%
NEE Dec	27.6%	30.1%	25.6%	27.9%	28.4%	17.1%	19.5%	36.4%	30.2%	30.2%
VST Dec	-	3.6%	5.0%	16.9%	13.3%	−8.6%	−7.5%	18.0%	23.7%	10.7%
SO Dec	22.5%	10.1%	17.8%	36.1%	24.0%	16.0%	18.3%	23.1%	26.4%	24.7%
EIX Dec	17.4%	11.8%	−4.4%	14.4%	9.0%	9.9%	8.6%	16.1%	16.6%	36.7%
CEG Dec	-	-	-	-	1.5%	−1.8%	2.0%	6.5%	18.5%	12.1%
ED Dec	23.0%	23.1%	21.6%	21.3%	21.7%	20.7%	16.7%	21.8%	17.3%	17.2%
D Dec	29.4%	31.3%	26.9%	10.7%	14.5%	17.1%	9.9%	23.7%	22.5%	26.7%
Peer median	22.5%	19.9%	17.2%	16.8%	14.5%	16.0%	9.9%	18.3%	21.6%	24.3%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	3.6%	11.3%	5.6%	8.5%	11.8%	9.5%	11.4%	10.7%	10.7%	11.4%
PCG Dec	7.9%	9.6%	−40.9%	−44.7%	−7.1%	−0.5%	8.3%	9.2%	10.1%	10.4%
AEP Dec	3.7%	12.4%	11.9%	12.3%	14.7%	14.8%	11.7%	11.3%	14.9%	16.4%
NEE Dec	18.0%	31.3%	39.7%	19.6%	16.2%	20.9%	19.8%	26.0%	28.1%	24.9%
VST Dec	-	−4.7%	−0.6%	7.9%	5.6%	−7.2%	−7.8%	10.1%	15.4%	5.3%
SO Dec	12.3%	3.7%	9.5%	22.1%	15.3%	10.4%	12.0%	15.7%	16.5%	14.7%
EIX Dec	11.0%	4.6%	−3.3%	10.4%	5.4%	5.1%	3.6%	7.3%	7.3%	23.1%
CEG Dec	-	-	-	-	3.3%	−1.0%	−0.7%	6.5%	15.9%	9.1%
ED Dec	10.3%	12.7%	11.2%	10.7%	9.0%	9.8%	10.6%	17.2%	11.8%	11.9%
D Dec	18.1%	23.8%	21.9%	9.4%	−2.8%	29.1%	8.2%	13.6%	14.1%	18.1%
Peer median	11.0%	11.0%	10.3%	10.5%	5.6%	9.8%	8.3%	11.3%	14.9%	14.7%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	−$92.0M	−$104.0M	$1.1B	−$589.0M	−$3.8B	−$5.0B	−$2.3B	−$2.7B	−$1.5B	−$2.3B
PCG Dec	−$1.3B	$336.0M	−$1.8B	−$1.5B	−$26.8B	−$5.4B	−$5.9B	−$5.0B	−$2.3B	−$3.1B
AEP Dec	$4.4B	$4.3B	$5.2B	$3.4B	$3.8B	-	-	$4.9B	$6.4B	$3.5B
NEE Dec	-	-	-	-	-	-	-	-	-	-
VST Dec	-	$1.3B	$941.0M	$2.0B	$2.1B	−$1.2B	−$816.0M	$3.8B	$2.5B	$1.3B
SO Dec	−$2.4B	−$1.0B	−$1.1B	−$1.8B	−$826.0M	−$1.4B	−$1.6B	−$1.5B	$833.0M	−$2.9B
EIX Dec	−$495.0M	−$247.0M	−$1.3B	−$5.2B	−$4.2B	−$5.5B	−$2.6B	−$2.0B	−$693.0M	−$715.0M
CEG Dec	-	-	-	-	−$1.2B	−$2.7B	−$4.0B	−$7.7B	−$5.0B	$1.3B
ED Dec	−$1.8B	−$239.0M	−$2.6B	−$542.0M	−$1.9B	−$1.2B	−$530.0M	-	-	-
D Dec	−$1.9B	−$1.0B	$519.0M	$224.0M	-	-	-	-	-	-
Peer median	−$1.5B	−$239.0M	−$1.1B	−$542.0M	−$1.2B	−$2.0B	−$2.1B	−$1.8B	$70.0M	$286.5M

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	−0.3%	−0.3%	2.9%	−1.7%	−22.9%	−27.7%	−11.9%	−12.4%	−6.6%	−9.4%
PCG Dec	−7.4%	2.0%	−10.5%	−8.7%	−145.2%	−26.3%	−27.0%	−20.3%	−9.6%	−12.3%
AEP Dec	26.9%	27.7%	32.3%	21.5%	25.7%	-	-	25.0%	32.1%	16.0%
NEE Dec	-	-	-	-	-	-	-	-	-	-
VST Dec	-	23.4%	9.6%	17.1%	18.2%	−7.0%	−5.2%	25.6%	14.4%	7.4%
SO Dec	−12.1%	−4.5%	−4.5%	−8.3%	−4.1%	−6.1%	−5.5%	−6.1%	3.1%	−9.9%
EIX Dec	−4.2%	−2.0%	−10.5%	−42.0%	−31.1%	−36.9%	−14.9%	−12.5%	−3.9%	−3.7%
CEG Dec	-	-	-	-	−6.6%	−13.6%	−16.5%	−31.0%	−21.3%	5.0%
ED Dec	−14.7%	−2.0%	−20.7%	−4.3%	−15.4%	−9.0%	−3.4%	-	-	-
D Dec	−16.5%	−8.0%	4.6%	1.6%	-	-	-	-	-	-
Peer median	−9.8%	−2.0%	−4.5%	−4.3%	−6.6%	−11.3%	−10.2%	−9.3%	−0.4%	0.7%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	4.3%	12.6%	6.5%	9.1%	6.0%	5.0%	8.8%	9.0%	9.1%	9.6%
PCG Dec	7.8%	8.6%	−54.2%	−149.1%	−6.3%	−0.5%	7.9%	9.0%	8.2%	8.0%
AEP Dec	3.5%	10.5%	10.1%	9.8%	10.7%	11.1%	9.7%	8.7%	11.0%	11.5%
NEE Dec	11.9%	19.1%	19.4%	10.2%	8.0%	9.6%	10.6%	15.4%	13.9%	12.5%
VST Dec	-	−4.0%	−0.7%	11.7%	7.6%	−15.4%	−25.0%	28.1%	47.7%	18.5%
SO Dec	9.9%	3.5%	9.0%	17.2%	11.2%	8.6%	11.6%	12.6%	13.3%	12.1%
EIX Dec	9.2%	4.1%	−3.3%	8.3%	5.3%	4.8%	3.9%	7.7%	8.2%	25.4%
CEG Dec	-	-	-	-	4.0%	−1.8%	−1.5%	14.9%	28.5%	16.0%
ED Dec	8.7%	9.9%	8.3%	7.5%	5.8%	6.7%	8.0%	11.9%	8.3%	8.4%
D Dec	14.5%	17.5%	12.2%	4.2%	−1.5%	12.4%	4.3%	7.1%	7.6%	10.3%
Peer median	9.2%	9.2%	8.6%	9.0%	5.8%	6.7%	7.9%	11.9%	11.0%	12.1%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	1.34	1.15	1.17	1.16	1.17	0.99	1.61	1.70	1.73	1.74
PCG Dec	0.10	0.07	3.48	0.00	1.95	2.14	2.18	2.19	1.83	1.85
AEP Dec	1.22	1.21	1.29	1.47	1.60	1.60	1.66	1.67	1.64	1.54
NEE Dec	1.26	1.23	0.94	1.14	1.30	1.45	1.62	1.54	1.64	1.74
VST Dec	-	0.70	1.41	1.35	1.11	1.29	2.57	2.71	2.93	3.70
SO Dec	1.92	2.10	1.89	1.70	1.76	1.93	1.89	1.97	1.95	2.02
EIX Dec	0.88	1.05	1.22	1.22	1.62	1.74	2.03	2.20	2.35	2.30
CEG Dec	-	-	-	-	-	0.58	0.53	0.85	0.64	0.62
ED Dec	1.11	1.08	1.19	1.20	1.28	1.22	1.26	1.16	1.22	1.07
D Dec	2.42	2.19	1.75	0.97	1.41	1.35	1.48	1.60	1.56	1.68
Peer median	1.22	1.14	1.35	1.21	1.51	1.45	1.66	1.67	1.64	1.74

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
EXC Dec	$1.21	$3.98	$2.07	$3.01	$2.01	$1.74	-	-	-	-
PCG Dec	$2.78	$3.21	−$13.25	−$14.50	−$1.05	−$0.05	$0.84	$1.05	$1.15	$1.18
AEP Dec	$1.24	$3.88	$3.90	$3.88	$4.42	$4.96	$4.49	$4.24	$5.58	$6.66
NEE Dec	$1.56	$2.85	$3.47	$1.94	$1.48	$1.81	$2.10	$3.60	$3.37	$3.30
VST Dec	-	−$0.59	−$0.11	$1.86	$1.30	−$2.69	−$3.26	$3.58	$7.00	$2.18
SO Dec	$2.55	$0.84	$2.17	$4.50	$2.93	$2.24	$3.26	$3.62	$3.99	$3.92
EIX Dec	$3.97	$1.72	−$1.30	$3.77	$1.98	$2.00	$1.60	$3.11	$3.31	$11.55
CEG Dec	-	-	-	-	$0.00	$0.00	−$0.49	$5.01	$11.89	$7.40
ED Dec	$4.12	$4.94	$4.42	$4.08	$3.28	$3.85	$4.66	$7.21	$5.24	$5.64
D Dec	$3.44	$4.72	$3.74	$1.62	−$0.57	$4.12	$1.33	$2.25	$2.33	$3.45
Peer median	$2.78	$3.03	$2.82	$2.85	$1.48	$2.00	$1.60	$3.60	$3.99	$3.92

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out EXC and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

EXCExelon

EXC and 9 peers, year by year