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Exelon (EXC) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Utilities•Utilities - Regulated Electric
C
AverageMetricSide Score: 56/100
ProfitabilityProfit25/30
GrowthGrowth15/25
Balance SheetBalance16/25
Cash QualityCash0/20
Price & Volume
Market Cap $49.03B

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers. It serves residential, commercial, industrial, and public authorities and electric railroads customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.

Moat Signals

Competitive analysis based on 60 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~20.4%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

ROE is positive at ~9.5% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Weak Moat

Only 1 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Strong Moat

TTM revenue has grown consistently (6 of 7 quarters up), with ~8.9% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 60 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~20.9% — no sign of cost or pricing stress.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Healthy

D/E ratio is 1.6 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Red Flag

The last 5 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Watch

Shares outstanding rose 2.3% — mild dilution. Compare to earnings growth to assess net per-share impact.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$24.79B
4.6%
Q. Revenue
$7.24B
TTM EBITDA
$5.22B
10.0%
TTM Op. Income
$5.22B
10.0%
Q. Op. Income
$1.60B
TTM Net Income
$2.78B
2.5%
Q. Net Income
$919.00M
EPS
$0.9
Shares Out.
$1.02B
1.6%
$24.79B in TTM revenue grew 4.6% YoY, reaching $7.24B last quarter. TTM EBITDA of $5.22B and TTM operating income of $5.22B shows growth is flowing through. Net income of $2.78B TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
22.2%
Op. Margin
22.2%
3.1%
Net Margin
12.7%
6.2%
Op. margin of 22.2% is down 0.7% YoY — costs are rising relative to revenue. Net margin at 12.7%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
17.6x
P/S Ratio
2.0x
P/B Ratio
1.7x
At 17.6x P/E, the stock trades in line with market averages — fairly valued. P/S of 2.0x and P/B of 1.7x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$117.55B
Cash
$713.00M
Long-Term Debt
$47.86B
Book Value
$29.32B
D/E Ratio
1.6
Debt/EBITDA
29.8
With $117.55B in assets and $47.86B in long-term debt, the D/E of 1.6and book value of $29.32B — reflects moderate leverage — debt is manageable but worth monitoring.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$1.72B
Free Cash Flow
$-634.00M
15.0%
FCF Margin
-2.6%
FCF / Net Income
-0.7
FCF of $-634.00M on $1.72B in operating cash flow. The FCF / Net Income ratio of -0.2x shows cash consumption — the business is not yet self-funding.

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