CluenexConsolidated Edison ED
Consolidated Edison scores average on business quality (4.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Consolidated Edison does
Consolidated Edison delivers electricity, gas, and steam to millions of customers across New York City and Westchester County, charging regulated utility rates for essential urban infrastructure.
- What it does best
Con Edison holds a total monopoly over the densest urban grid in the United States, anchored by a gross margin of 76.7% that dwarfs peers like WEC at 65.7%. This physical footprint is nearly impossible to duplicate, locking out competition entirely.
- The main risk
Regulatory lag remains a constant threat as capital spending surges to $4.8B annually, potentially squeezing returns if rate cases approved by state commissions fail to match actual cash outlays.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins hold at 18.0% while free cash flow margin lingers deep in negative territory due to heavy capital outlays of $4.8B. Profitability remains constrained by massive reinvestment needs, preventing cash generation at scale.
Regulatory capture forms its primary moat, locking in captive residential and commercial customers across a fixed urban territory. Operating margins sit at 18.0%, reflecting the pricing power of a protected utility monopoly.
Revenue growth registers at 10.9%, sitting in the top quartile of its sector at the 66th percentile. This top-line expansion is accelerating compared to historical years, driven by periodic rate increases.
Total debt sits at $27.9B with interest coverage at 2.8x, leaving narrow room for error. Free cash flow remains negative at -$862M due to heavy infrastructure spending, softening the balance sheet.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $0K on the open market.
Our sealed record on ED
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Consolidated Edison scores average on the Cluenex quality check (4.9 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 insider bought $0K on the open market.
Oct 29, 2026, after the close.
See ED today
- Today's verdict on ED, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Consolidated Edison (ED)”, https://cluenex.com/stocks/ed/, data as of Oct 10, 2026.