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Consolidated Edison vs Xcel Energy: ED and XEL compared
Consolidated Edison is the larger company: $4.9B of revenue in its latest quarter (Q3 2026) against $4.2B for Xcel Energy (Q3 2026). Consolidated Edison is growing faster (+8% against +7% a year earlier). Xcel Energy is more profitable, with an operating margin of 28.5% against 23.8%.
Where the money goes: ED and XEL
Consolidated Edison (ED) · Q3 2026
Consolidated Edison, Q3 2026: revenue $4.9B (+8% year over year), operating margin 23.8%, net earnings $766M, operating cash flow $854M. The chart follows the revenue to costs, profit and cash.
Xcel Energy (XEL) · Q3 2026
Xcel Energy, Q3 2026: revenue $4.2B (+7% year over year), operating margin 28.5%, net earnings $960M, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Consolidated Edison (ED) | Xcel Energy (XEL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.9B | $4.2B |
| Revenue growth, Y/Y | +8% | +7% |
| Operating margin | 23.8% | 28.5% |
| Net earnings | $766M | $960M |
| Net margin | 15.6% | 23.0% |
| Operating cash flow | $854M | $2.1B |
| Market value | $44.3B | $50.5B |
| P/E | 161.5× | 18.6× |
| Analysts’ mean target | $109.50 | $89.82 |
Where the revenue comes from
Consolidated Edison
- Electric: $4.4B (89%)
- Gas: $455M (9%)
- Steam: $62.0M (1%)
Xcel Energy
- Total revenue from contracts with customers: $3.9B (93%)
- Transmission: $221M (5%)
- Other: $61.0M (1%)
Questions
Which is bigger, Consolidated Edison or Xcel Energy?
Consolidated Edison is the larger company: $4.9B of revenue in its latest quarter (Q3 2026) against $4.2B for Xcel Energy (Q3 2026).
Is Consolidated Edison or Xcel Energy growing faster?
Consolidated Edison is growing faster (+8% against +7% a year earlier).
Which is more profitable, Consolidated Edison or Xcel Energy?
Xcel Energy is more profitable, with an operating margin of 28.5% against 23.8%.
More: Consolidated Edison earnings · how Consolidated Edison makes money · Xcel Energy earnings · how Xcel Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.