EXC

MKT CAP:$48B

Exelon Corporation

Market Cap

$48B

Utilities·Regulated Electric·🇺🇸 United States·NASDAQ

Utilities·Regulated Electric·🇺🇸·NASDAQ

Stock Price

$46.80+$2.88 (+6.56%)

Apr 24, 2026

Company Details

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facili...

CEO

Calvin G. Butler Jr.

IPO Date

May 2, 1973

Website

www.exeloncorp.com

Key Metrics TTM

Revenue

$24.3B

+5.3% YoY

Net Income

$2.8B

EPS (Diluted)

$2.74

Free Cash Flow

-$2.3B

Revenue / Share

$23.97

Gross Margin

27.9%

Operating Margin

21.2%

Net Margin

11.4%

FCF Margin

-9.4%

P/S

2.0x

P/E

17.3x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 12, 2026

$24.3B+5.3%EPS $2.74

Q4 2025

Feb 12, 2026

$5.4B-1.1%EPS $0.59

Q3 2025

Nov 4, 2025

$6.7B+9.0%EPS $0.86

Q2 2025

Jul 31, 2025

$5.4B+1.2%EPS $0.39

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$5.3B	$2.1B	$900M
Q2 22	$4.2B	$1.9B	$694M
Q3 22	$4.8B	$2.2B	$1.0B
Q4 22	$4.7B	$1.9B	$709M
Q1 23	$5.6B	$2.3B	$1.1B
Q2 23	$4.8B	$1.9B	$704M
Q3 23	$6.0B	$2.4B	$1.1B
Q4 23	$5.4B	$2.3B	$1.1B
Q1 24	$6.0B	$2.4B	$1.1B
Q2 24	$5.4B	$2.2B	$913M
Q3 24	$6.2B	$2.5B	$1.2B
Q4 24	$5.5B	$2.4B	$1.1B
Q1 25	$6.7B	$2.8B	$1.5B
Q2 25	$5.4B	$2.2B	$927M
Q3 25	$6.7B	$2.9B	$1.5B
Q4 25	$5.4B	-$1.2B	$1.2B

Valuation

Quarter	P/S	P/E
Q1 22	1.7x	38.6x
Q2 22	1.9x	38.0x
Q3 22	2.0x	26.4x
Q4 22	2.3x	20.3x
Q1 23	2.2x	18.6x
Q2 23	2.1x	19.3x
Q3 23	1.7x	17.1x
Q4 23	1.7x	15.8x
Q1 24	1.7x	16.1x
Q2 24	1.5x	14.3x
Q3 24	1.8x	16.8x
Q4 24	1.6x	15.4x
Q1 25	1.9x	17.0x
Q2 25	1.8x	16.5x
Q3 25	1.8x	15.9x
Q4 25	1.8x	15.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$1.8B	-$140M
Q2 22	$1.5B	-$127M
Q3 22	$901M	-$771M
Q4 22	$729M	-$1.2B
Q1 23	$484M	-$1.4B
Q2 23	$1.3B	-$527M
Q3 23	$1.5B	-$324M
Q4 23	$1.4B	-$457M
Q1 24	$992M	-$775M
Q2 24	$1.5B	-$237M
Q3 24	$1.7B	-$6M
Q4 24	$1.4B	-$510M
Q1 25	$1.2B	-$746M
Q2 25	$1.5B	-$502M
Q3 25	$2.3B	$163M
Q4 25	$1.2B	-$1.2B

Capital Expenditures

Quarter	CapEx
Q1 22	$1.9B
Q2 22	$1.6B
Q3 22	$1.7B
Q4 22	$2.0B
Q1 23	$1.9B
Q2 23	$1.8B
Q3 23	$1.9B
Q4 23	$1.9B
Q1 24	$1.8B
Q2 24	$1.7B
Q3 24	$1.7B
Q4 24	$1.9B
Q1 25	$1.9B
Q2 25	$2.0B
Q3 25	$2.1B
Q4 25	$2.4B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-27.2%	-34.5%
Q2 22	-52.1%	-56.1%
Q3 22	-40.3%	-51.1%
Q4 22	+0.8%	+3.9%
Q1 23	+4.4%	+0.7%
Q2 23	+13.7%	+16.1%
Q3 23	+23.4%	+26.7%
Q4 23	+15.0%	+8.0%
Q1 24	+8.6%	+10.6%
Q2 24	+11.3%	+8.1%
Q3 24	+2.9%	+2.1%
Q4 24	+1.9%	+2.3%
Q1 25	+11.1%	+5.1%
Q2 25	+1.2%	+1.2%
Q3 25	+9.0%	+5.0%
Q4 25	-1.1%	-3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

Revenue Segments

Quarter	Atlantic City Electric Company	Baltimore Gas and Electric Company	Commonwealth Edison Co	Corporate Segment and Other Operating Segment	Delmarva Power and Light Company	PECO Energy Co	Pepco Holdings LLC
Q1 25	$373M	$1.6B	$2.1B	$106M	$460M	$377M	$1.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.5B	$0	$2.5B
Q2 22	$816M	$0	$816M
Q3 22	$446M	$0	$446M
Q4 22	$407M	$0	$407M
Q1 23	$522M	$0	$522M
Q2 23	$399M	$0	$399M
Q3 23	$300M	$0	$300M
Q4 23	$445M	$0	$445M
Q1 24	$720M	$0	$720M
Q2 24	$934M	$0	$934M
Q3 24	$616M	$0	$616M
Q4 24	$357M	$0	$357M
Q1 25	$1.0B	$0	$1.0B
Q2 25	$724M	$0	$724M
Q3 25	$2.0B	$0	$2.0B
Q4 25	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	981M	+0.3%	+0.5%
Q2 22	982M	+0.1%	+0.5%
Q3 22	989M	+0.7%	+1.1%
Q4 22	999M	+1.0%	+2.2%
Q1 23	996M	-0.3%	+1.5%
Q2 23	996M	0.0%	+1.4%
Q3 23	997M	+0.1%	+0.8%
Q4 23	999M	+0.2%	-0.0%
Q1 24	1.00B	+0.2%	+0.5%
Q2 24	1.00B	0.0%	+0.5%
Q3 24	1.00B	+0.3%	+0.7%
Q4 24	1.00B	+0.1%	+0.6%
Q1 25	1.01B	+0.4%	+0.8%
Q2 25	1.00B	-0.6%	+0.2%
Q3 25	1.01B	+1.0%	+0.9%
Q4 25	1.01B	-0.1%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$169.0K	32K
Q2 22	$134.5K	32K
Q3 22	$153.7K	32K
Q4 22	$244.8K	19K
Q1 23	$291.8K	19K
Q2 23	$252.7K	19K
Q3 23	$313.7K	19K
Q4 23	$268.9K	20K
Q1 24	$302.7K	20K
Q2 24	$268.6K	20K
Q3 24	$308.3K	20K
Q4 24	$273.4K	20K
Q1 25	$335.5K	20K
Q2 25	$271.2K	20K
Q3 25	$335.0K	20K
Q4 25	$270.4K	20K

Revenue / Employee