CONSOLIDATED EDISON INC FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $17.0B |
| Gross margin | — not reported |
| Operating income | $2.9B |
| Net income | $2.0B |
| Diluted EPS | $5.64 |
| Cash & equivalents | $1.6B |
| Total assets | $74.6B |
| Long-term debt | $25.8B |
Key takeaway
Con Edison's 2025 net income rose to $2.02 billion ($5.66 basic EPS) from $1.82 billion in 2024, primarily driven by higher electric and gas rate base earnings at CECONY.
🔒 4 more takeaways in the full analysis
Beneath the surface
The effective tax rate rose to 22.1% from prior levels due to lower amortization of excess deferred federal income taxes ($153 million impact), a one-off benefit that is fading and pressuring net income growth.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for ED.
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