Exelon Corporation
NASDAQ:EXC · NASDAQ Global Select
+$0.70 today
Vol 6.38M · Avg 8.16M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:EXC · Revenue to Net Income
Key Ratios
Analysis
$24.8B of revenue converted into $2.8B of net income for the selected period. Gross margin is 22.6% and net margin is 11.0%, showing how much revenue survives after costs and taxes. EPS is $2.74, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3B +5.3% | $23.0B +6.0% | $21.7B +13.9% | $19.1B +6.4% | $17.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $17.5B +28.3% | $13.6B +6.4% | $12.8B +15.9% | $11.0B +1.0% | $10.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $6.8B -28.0% | $9.4B +5.4% | $8.9B +11.1% | $8.0B +14.6% | $7.0B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 27.9% -12.9pp | 40.8% -0.2pp | 41.1% -1.0pp | 42.1% +3.0pp | 39.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.6B -68.0% | $5.1B +3.7% | $4.9B +4.0% | $4.7B +9.1% | $4.3B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $3.6B +1.4% | $3.6B +2.5% | $3.5B +5.4% | $3.3B -48.3% | $6.4B | $374.2M | $1.2B | $631.8M |
| EBITDA | $9.1B +10.8% | $8.2B +3.0% | $7.9B +10.6% | $7.2B -23.5% | $9.4B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 37.4% +1.9pp | 35.5% -1.0pp | 36.5% -1.1pp | 37.6% -14.7pp | 52.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $5.1B +19.1% | $4.3B +7.4% | $4.0B +21.4% | $3.3B +23.6% | $2.7B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 21.2% +2.4pp | 18.8% +0.2pp | 18.5% +1.1pp | 17.4% +2.4pp | 15.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $2.1B +11.1% | $1.9B +10.7% | $1.7B +19.5% | $1.4B +12.3% | $1.3B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$1.9B -12.2% | -$1.7B -25.1% | -$1.3B -44.8% | -$912.0M +11.3% | -$1.0B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $3.3B +23.4% | $2.7B -1.3% | $2.7B +12.4% | $2.4B +45.3% | $1.7B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 13.6% +2.0pp | 11.6% -0.9pp | 12.4% -0.2pp | 12.6% +3.4pp | 9.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $523.0M +152.7% | $207.0M -44.7% | $374.0M +7.2% | $349.0M +818.4% | $38.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $2.8B +12.5% | $2.5B +5.7% | $2.3B +7.3% | $2.2B +27.2% | $1.7B | $4.9B | $4.8B | $4.7B |
| Net Margin | 11.4% +0.7pp | 10.7% -0.0pp | 10.7% -0.7pp | 11.4% +1.9pp | 9.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +11.8% | $2 +4.7% | $2 +6.4% | $2 +26.4% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +11.8% | $2 +4.7% | $2 +12.5% | $2 +19.5% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.0B +0.8% | $1.0B +0.7% | $996.0M +1.0% | $986.0M +0.7% | $979.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.0B +0.9% | $1.0B +0.6% | $997.0M +1.0% | $987.0M +0.7% | $980.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
NextEra Energy, Inc.
NYSE:NEE
$179.32B
The Southern Company
NYSE:SO
$105.97B
Duke Energy Corporation
NYSE:DUK
$97.43B
American Electric Power Company, Inc.
NASDAQ:AEP
$70.31B
Dominion Energy, Inc.
NYSE:D
$59.73B
Entergy Corporation
NYSE:ETR
$50.88B
Public Service Enterprise Group Incorporated
NYSE:PEG
$39.72B
Consolidated Edison, Inc.
NYSE:ED
$39.71B
WEC Energy Group, Inc.
NYSE:WEC
$36.95B
Edison International
NYSE:EIX
$28.07B
CenterPoint Energy, Inc.
NYSE:CNP
$28.06B
FirstEnergy Corp.
NYSE:FE
$27.20B
PPL Corporation
NYSE:PPL
$26.97B
CMS Energy Corporation
NYSE:CMS
$22.73B
Evergy, Inc.
NASDAQ:EVRG
$19.33B
Alliant Energy Corporation
NASDAQ:LNT
$18.88B
Pinnacle West Capital Corporation
NYSE:PNW
$12.54B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does EXC generate?
Exelon Corporation (EXC) reported $24.26B of revenue in fiscal 2025.
Is EXC profitable?
Exelon Corporation (EXC) reported $2.77B of net income, with a net margin of 11.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.