EXC FY 2025 Earnings Report — Exelon Corporation Revenue & Financial Results | Market Cap Arena

Exelon CorporationEXC

FY 2025 Earnings

Reported February 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$24.3B	—	$23.0B	—	5.3%
Op. Income	$5.1B	—	$4.3B	—	19.1%
Gross Margin	27.9%	—	40.8%	—	-12.9pp
Net Margin	11.4%	—	10.7%	—	0.7pp
EPS (Diluted)	$2.74	—	$2.45	—	11.8%
Free Cash Flow	-$2.3B	—	-$1.5B	—	-48.9%

Revenue Flow

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$17.5B
GROSS PROFIT	$6.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$19.1B
OPERATING INCOME	$5.1B
Interest Income	$0
Interest Expense	$2.1B
Other Income/Expenses	-$1.9B
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$523M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$3.6B
EBIT	$5.1B
EBITDA	$8.8B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$17.5B
GROSS PROFIT	$6.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$19.1B
OPERATING INCOME	$5.1B
Interest Income	$0
Interest Expense	$2.1B
Other Income/Expenses	-$1.9B
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$523M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$3.6B
EBIT	$5.1B
EBITDA	$8.8B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$3.6B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$1.7B
Change in Working Capital	-$1.9B
OPERATING CASH FLOW	$6.3B
Capital Expenditure	-$8.5B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$8.5B
Net Debt Issuance	$3.5B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.6B
Other Financing Activities	-$94M
NET CASH FROM FINANCING	$2.5B
FREE CASH FLOW	-$2.3B
Net Change in Cash	$262M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$5.1B
Inventory	$868M
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$9.5B
PP&E (Net)	$84.3B
Goodwill	$6.6B
Intangible Assets	$0
Long-Term Investments	$5.1B
Tax Assets	$0
Other Non-Current Assets	$11.0B
TOTAL NON-CURRENT ASSETS	$107.0B
TOTAL ASSETS	$116.6B
Account Payables	$3.7B
Short-Term Debt	$2.8B
Deferred Revenue	$5M
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$10.3B
Long-Term Debt	$47.4B
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$13.7B
Other Non-Current Liabilities	$15.9B
TOTAL NON-CURRENT LIABILITIES	$77.4B
TOTAL LIABILITIES	$87.8B
Common Stock	$22.1B
Additional Paid-In Capital	$0
Retained Earnings	$7.6B
Treasury Stock	-$123M
Accum. Other Comp. Income	-$762M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.8B
Minority Interest	$0
TOTAL EQUITY	$28.8B
TOTAL LIABILITIES & EQUITY	$116.6B
Total Debt	$50.6B
Net Debt	$49.4B