Consolidated Edison
ED · Multi-Utilities
$115.74
0.4%Sempra
SRE · Multi-Utilities
$84.06
0.8%The short version
- Consolidated Edison is the larger business, with $16.9B of revenue in fiscal 2025 against $13.7B for Sempra.
- Consolidated Edison grew revenue faster (10.9%, against 3.9%).
- Consolidated Edison turned more of its sales into free cash flow (0.2% FCF margin, against −44.1% FCF margin).
- Consolidated Edison earned a higher return on the capital invested in it (4.7%, against 2.8%).
- Investors pay more for each dollar of Sempra’s earnings: a P/E of 28.5x against 19.5x for Consolidated Edison.
| Latest fiscal year | ED · FY25 | SRE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $42.2B | $55.1B |
| Revenue | $16.9B | $13.7B |
| Free cash flow | $36.0M | −$6.0B |
| Net income | $2.0B | $1.8B |
| Growth | ||
| Revenue growth | 10.9% | 3.9% |
| 5-year growth | 6.7% | 3.8% |
| Share count change | 3.3% | 2.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 17.4% | — |
| Net margin | 12.0% | 13.4% |
| FCF margin | 0.2% | −44.1% |
| Return on capital | 4.7% | 2.8% |
| Return on equity | 8.8% | 5.9% |
| Balance sheet | ||
| Net debt | $25.8B | $35.0B |
| Net debt / EBITDA | 4.9x | 6.0x |
| Dividends and buybacks | $1.2B | $1.7B |
| Valuation & quality | ||
| P/E | 19.5x | 28.5x |
| Piotroski F-score | 6 | 5 |
FY16
ED $12.1B
SRE $10.2B
FY17
ED $12.0B
SRE $9.6B
FY18
ED $12.3B
SRE $10.1B
FY19
ED $12.6B
SRE $10.8B
FY20
ED $12.2B
SRE $11.4B
FY21
ED $13.7B
SRE $12.9B
FY22
ED $15.7B
SRE $14.4B
FY23
ED $14.7B
SRE $16.7B
FY24
ED $15.3B
SRE $13.2B
FY25
ED $16.9B
SRE $13.7B
ED
SRE
FY16
ED 23.0%
SRE —
FY17
ED 23.1%
SRE —
FY18
ED 21.6%
SRE —
FY19
ED 21.3%
SRE —
FY20
ED 21.7%
SRE —
FY21
ED 20.7%
SRE —
FY22
ED 16.8%
SRE —
FY23
ED 21.8%
SRE —
FY24
ED 17.5%
SRE —
FY25
ED 17.4%
SRE —
ED
SRE
FY16
ED $624M
SRE −$1.9B
FY17
ED $339M
SRE −$80.0M
FY18
ED −$556M
SRE −$28.0M
FY19
ED −$104M
SRE −$620M
FY20
ED −$1.1B
SRE −$2.1B
FY21
ED −$897M
SRE −$1.2B
FY22
ED $111M
SRE −$4.2B
FY23
ED −$2.2B
SRE −$2.2B
FY24
ED −$1.2B
SRE −$3.3B
FY25
ED $36.0M
SRE −$6.0B
ED
SRE
FY16
ED 6.4%
SRE 6.4%
FY17
ED 7.0%
SRE 2.9%
FY18
ED 6.2%
SRE 3.5%
FY19
ED 5.9%
SRE 5.1%
FY20
ED 6.1%
SRE 5.2%
FY21
ED 5.7%
SRE 3.6%
FY22
ED 4.5%
SRE 4.1%
FY23
ED 5.9%
SRE 6.4%
FY24
ED 4.9%
SRE 5.1%
FY25
ED 4.7%
SRE 2.8%
ED
SRE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.