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Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers. It serves residential, commercial, industrial, and public authorities and electric railroads customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $24.3B | $9.1B | $2.8B | $-2.3B | 9.6% | 5.3% | 12.5% |
| 2024 | $23.0B | $8.2B | $2.5B | $-1.5B | 9.1% | 6.0% | 5.7% |
| 2023 | $21.7B | $7.9B | $2.3B | $-2.7B | 9.0% | 13.9% | 7.3% |
| 2022 | $19.1B | $7.2B | $2.2B | $-2.3B | 8.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 19,078 | 21,727 | 23,028 | 24,258 |
| Cost Of Revenue | - | 11,046 | 12,800 | 13,623 | 13,844 |
| Gross Profit | - | 8,032 | 8,927 | 9,405 | 10,414 |
| Operating Expense | - | 4,715 | 4,914 | 5,098 | 5,269 |
| Operating Income | - | 3,317 | 4,013 | 4,307 | 5,145 |
| EBITDA | - | 7,175 | 7,937 | 8,175 | 9,058 |
| EBIT | - | 3,850 | 4,431 | 4,581 | 5,418 |
| Pretax Income | - | 2,403 | 2,702 | 2,667 | 3,291 |
| Tax Provision | - | 349 | 374 | 207 | 523 |
| Net Income | - | 2,170 | 2,328 | 2,460 | 2,768 |
| Net Income Common Stockholders | - | 2,170 | 2,328 | 2,460 | 2,768 |
| Total Expenses | - | 15,761 | 17,714 | 18,721 | 19,113 |
| Interest Expense | - | 1,447 | 1,729 | 1,914 | 2,127 |
| Normalized EBITDA | - | 7,177 | 7,927 | 8,163 | 9,055 |
| Normalized Income | - | 2,054.71 | 2,319.38 | 2,448.93 | 2,765.48 |
| Market Cap | 48,007.37 | 48,007.37 | 48,007.37 | 48,007.37 | 48,007.37 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Exelon Corporationthis co. | EXC | $48.0B | 17.34↓ discount | 1.67 | 9.6% | 10.76 |
| Dominion Energy, Inc. | D | $55.0B | 18.35 | 1.96 | 10.7% | 12.47 |
| Entergy Corporation | ETR | $50.6B | 29.34 | 3.07 | 10.5% | 13.19 |
| Xcel Energy Inc. | XEL | $46.4B | 24.48 | 2.09 | 8.5% | 13.54 |
| Public Service Enterprise Group Incorporated | PEG | $40.4B |
| - |
| - |
| - |
| - |
| - |
| 19.09 |
| 2.37 |
| 12.4% |
| 13.43 |
| Consolidated Edison, Inc. | ED | $39.0B | 19.86 | 1.66 | 8.4% | 10.88 |
| PG&E Corporation | PCG | $38.0B | 13.53 | 1.18 | 8.7% | 9.64 |
| WEC Energy Group, Inc. | WEC | $36.9B | 23.95 | 2.74 | 11.4% | 14.73 |
| NRG Energy, Inc. | NRG | $33.8B | 39.28 | 32.92 | 83.8% | 13.98 |
| Peer Median | - | 21.90 | 2.23 | 10.6% | 13.31 | |