EXC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$44.94

Market Cap

$44.59B

P/E (TTM)

15.3

EPS (TTM)

—

Revenue (TTM)

$24.26B

Div Yield

3.6%

ROE

9.9%

Debt/Equity

0.1

52W Range

$42 – $51

EXC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $24.26B

2016-12-31 → 2025-12-31

EPS —

2016-12-31 → 2021-12-31

Free Cash Flow $-2.27B

2016-12-31 → 2025-12-31

Margins 11.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

EXC

Peer Median

P/E (TTM)

15.3

23.6

P/S (TTM)

1.8

3.1

P/B

1.5

2.2

EV / EBITDA

5.3

—

Price / FCF

-19.6

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

EXC

Peer Median

Operating Margin

21.2%

—

Net Profit Margin

11.4%

13.6%

ROA

2.5%

2.7%

ROE

9.9%

11.6%

ROIC

13.9%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

EXC

Peer Median

Debt / Equity

0.1

163.7

Current Ratio

0.9

0.8

Quick Ratio

0.4

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

EXC

Peer Median

Revenue YoY

5.3%

—

Revenue CAGR 3Y

8.3%

—

Revenue CAGR 5Y

7.8%

—

Net Income YoY

12.5%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

EXC

Peer Median

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

EXC

Peer Median

Payout Ratio

58.4%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

3.6%

Payout Ratio

58.4%

5Y Div CAGR

—

Ex-date	Amount
March 2, 2026	$0.4200
Nov. 10, 2025	$0.4000
Aug. 11, 2025	$0.4000
May 12, 2025	$0.4000
Feb. 24, 2025	$0.4000
Nov. 8, 2024	$0.3800
Aug. 12, 2024	$0.3800
May 10, 2024	$0.3800
March 1, 2024	$0.3800
Nov. 14, 2023	$0.3600
Aug. 14, 2023	$0.3600
May 12, 2023	$0.3600
Feb. 24, 2023	$0.3600
Nov. 14, 2022	$0.3380
Aug. 12, 2022	$0.3380
May 12, 2022	$0.3380
Feb. 24, 2022	$0.3380
Nov. 12, 2021	$0.2732
Aug. 12, 2021	$0.2732
May 13, 2021	$0.2732

EXC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 27 analysts

Strong Buy 3 11.1%
Buy 4 14.8%
Hold 18 66.7%
Sell 2 7.4%
Strong Sell 0 0.0%

12-Month Price Target

18 analysts · 2026-05-19

Median $49.00

Now $44.94

Low $41.00

High $58.00

Median target $49.00 +9.0%

Mean target $49.56 +10.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.04%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.91	$0.89	0.02%
Dec. 31, 2025	$0.59	$0.55	0.04%
Sept. 30, 2025	$0.86	$0.78	0.08%
June 30, 2025	$0.39	$0.37	0.02%
March 31, 2025	$0.92	$0.89	0.03%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
EXC	$44.59B	15.3	5.3%	11.4%	9.9%	—
CEG	$110.22B	47.7	8.3%	9.1%	16.8%	—
DUK	$91.19B	18.6	5.6%	15.7%	9.7%	—
AEP	—	17.3	10.9%	16.9%	12.7%	—
ETR	—	23.6	9.0%	13.7%	11.1%	—
XEL	$46.06B	21.6	—	—	9.4%	—
PCG	$35.32B	13.6	2.1%	10.8%	8.6%	—
EIX	$23.09B	5.2	9.8%	23.1%	26.9%	—
NRG	$30.32B	39.7	9.2%	2.8%	43.5%	—
PPL	—	—	—	—	—	—
FE	$25.87B	25.4	12.0%	6.8%	8.2%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$24.26B	$23.03B	$21.73B	$19.08B	$17.94B	$16.66B	$34.44B	$35.98B	$33.56B	$31.37B	$29.45B	$27.43B
Operating Expenses	$19.11B	$18.72B	$17.71B	$15.76B	$15.26B	$14.48B	$30.10B	$32.14B	$29.62B	$28.11B	$25.06B	$25.04B
Operating Income	$5.15B	$4.32B	$4.02B	$3.31B	$2.68B	$2.19B	$4.37B	$3.89B	$4.39B	$3.21B	$4.41B	$3.10B
Interest Expense	·	·	·	·	·	$1.61B	$1.59B	$1.53B	$1.52B	$1.50B	$992M	$1.02B
Interest Income	·	·	·	·	·	·	·	$43M	$8M	$17M	$8M	$1M
Other Non-op	$270M	$262M	$408M	$535M	$261M	$208M	$1.23B	$-112M	$947M	$297M	$-46M	$455M
Pretax Income	$3.29B	$2.67B	$2.70B	$2.40B	$1.65B	$1.09B	$3.98B	$2.23B	$3.77B	$1.97B	$3.33B	$2.49B
Income Tax	$523M	$207M	$374M	$349M	$38M	$-7M	$774M	$118M	$-126M	$753M	$1.07B	$666M
Net Income	$2.77B	$2.46B	$2.33B	$2.17B	$1.83B	$1.95B	$3.03B	$2.08B	$3.87B	$1.20B	$2.25B	$1.82B
EPS (Basic)	·	·	·	·	$1.74	$2.01	$3.02	$2.07	$3.99	$1.21	$2.55	·
EPS (Diluted)	·	·	·	·	$1.74	$2.01	$3.01	$2.07	$3.98	$1.21	$2.54	$1.88
Shares (Basic)	1,011,000,000	1,003,000,000	996,000,000	986,000,000	979,000,000	976,000,000	973,000,000	967,000,000	947,000,000	924,000,000	890,000,000	860,000,000
Shares (Diluted)	1,012,000,000	1,003,000,000	997,000,000	987,000,000	980,000,000	977,000,000	974,000,000	969,000,000	949,000,000	927,000,000	893,000,000	864,000,000
EBITDA	$8.79B	$7.92B	$7.53B	$6.64B	$8.76B	$7.84B	$8.63B	$8.25B	$8.09B	$7.05B	$6.86B	$5.41B

Balance Sheet 27

Annual Balance Sheet data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$626M	$357M	$445M	$407M	$672M	$432M	$587M	$1.35B	$898M	$635M	$6.50B	$1.88B
Receivables	$3.30B	$2.74B	$2.34B	$2.22B	$1.87B	$3.23B	$4.59B	$4.61B	$4.45B	$4.16B	$3.19B	$3.48B
Other Current Assets	$523M	$445M	$370M	$406M	$387M	$1.65B	$905M	$1.24B	$1.26B	$930M	$752M	$865M
Current Assets	$9.55B	$8.38B	$8.09B	$7.34B	$13.96B	$12.56B	$12.04B	$13.33B	$11.90B	$12.41B	$15.33B	$11.85B
PP&E (Net)	$84.32B	$78.18B	$73.59B	$69.08B	$64.56B	$82.58B	$80.23B	$76.71B	$74.20B	$71.56B	$57.44B	$52.17B
PP&E (Gross)	$104.40B	$96.63B	$90.84B	$85.01B	$78.99B	$109.31B	$104.21B	$99.61B	$95.27B	$90.72B	$73.81B	$66.91B
Accum. Depreciation	$20.08B	$18.45B	$17.25B	$15.93B	$14.43B	$26.73B	$23.98B	$22.90B	$21.06B	$19.17B	$16.38B	$14.74B
Goodwill	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	$6.68B	$6.68B	$6.68B	$6.68B	$6.68B	$2.67B	$2.67B
Intangibles	·	·	·	$-25M	$-207M	$172M	$174M	$118M	$-27M	$-258M	$755M	$738M
Other Non-current Assets	$1.79B	$1.56B	$1.36B	$1.14B	$885M	$3.28B	$3.20B	$1.57B	$1.33B	$1.47B	$1.45B	$923M
Total Assets	$116.57B	$107.78B	$101.86B	$95.35B	$133.01B	$129.32B	$124.98B	$119.63B	$116.77B	$114.90B	$95.38B	$86.42B
Accounts Payable	·	·	·	$3.38B	$2.38B	$3.56B	$3.56B	$3.80B	$3.53B	$3.44B	$2.88B	$3.05B
Accrued Liabilities	$1.58B	$1.47B	$1.38B	$1.23B	$1.14B	$2.08B	$1.98B	$2.11B	$1.84B	$3.46B	$2.38B	$1.54B
Short-term Debt	$612M	$1.86B	$2.52B	$2.59B	$1.25B	$2.03B	$1.37B	$714M	$929M	$1.27B	$533M	$460M
Current Liabilities	$10.33B	$9.61B	$9.90B	$10.61B	$16.11B	$12.77B	$14.19B	$11.40B	$10.80B	$13.46B	$9.12B	$8.76B
Deferred Tax	·	·	·	·	·	·	·	·	·	·	$13.78B	·
Other Non-current Liabilities	$2.17B	$2.28B	$2.09B	$1.97B	$1.57B	$2.94B	$3.06B	$2.13B	$2.10B	$1.83B	$1.49B	$2.15B
Total Liabilities	$87.77B	$80.86B	$76.10B	$70.61B	$98.22B	$94.45B	$90.40B	$86.59B	$84.58B	$87.29B	$68.06B	$62.28B
Long-term Debt	$49.43B	$44.67B	$41.28B	$37.17B	$38.76B	$36.91B	$35.95B	$35.30B	$34.05B	$33.96B	$25.76B	$21.40B
Total Debt	$2.28B	$3.31B	$3.93B	$39.66B	$42.03B	$35.30B	$37.41B	$36.14B	$35.19B	$35.27B	$25.68B	$21.62B
Common Stock	$22.11B	$21.34B	$21.11B	$20.91B	$20.32B	$19.37B	$19.27B	$19.12B	$18.96B	$18.79B	$18.68B	$16.71B
Retained Earnings	$7.58B	$6.43B	$5.49B	$4.60B	$16.94B	$16.73B	$16.27B	$14.74B	$14.08B	$12.03B	$12.07B	$10.91B
Treasury Stock	$123M	$123M	$123M	$123M	$123M	$123M	$123M	$123M	$123M	$2.33B	$2.33B	$2.33B
AOCI	$-762M	$-720M	$-726M	$-638M	$-2.75B	$-3.40B	$-3.19B	$-3.00B	$-3.03B	$-2.66B	$-2.62B	$-2.68B
Stockholders' Equity	$28.80B	$26.92B	$25.75B	$24.74B	$34.39B	$32.59B	$32.22B	$30.74B	$29.90B	$25.84B	$25.79B	$22.61B
Liabilities + Equity	$116.57B	$107.78B	$101.86B	$95.35B	$133.01B	$129.32B	$124.98B	$119.63B	$116.77B	$114.90B	$95.38B	$86.42B
Shares Outstanding	1,023,000,000	1,005,000,000	999,000,000	994,000,000	979,000,000	976,000,000	973,000,000	968,000,000	963,335,888	924,035,059	919,924,742	859,833,343

Cash Flow 17

Annual Cash Flow data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$3.64B	$3.60B	$3.51B	$3.53B	$7.57B	$2.89B	$4.25B	$4.35B	$3.83B	$3.94B	$2.45B	$2.31B
Stock-based Comp	·	·	·	·	·	·	·	$75M	$88M	$111M	$97M	$91M
Amort. of Intangibles	$2M	$1M	$1M	$182M	$83M	$-98M	$-28M	$-109M	$-237M	$-336M	$76M	$179M
Other Non-cash	$-157M	$-487M	$-1.13B	$-626M	$-4.85B	$-2.73B	$-621M	$2.13B	$-285M	$3.19B	$2.82B	$232M
Operating Cash Flow	$6.25B	$5.57B	$4.70B	$4.87B	$3.01B	$4.24B	$6.66B	$8.64B	$7.48B	$8.46B	$7.62B	$4.46B
CapEx	$8.53B	$7.10B	$7.41B	$7.15B	$7.98B	$8.05B	$7.25B	$7.59B	$7.58B	$8.55B	$7.62B	$6.08B
Investing Cash Flow	$-8.53B	$-7.04B	$-7.38B	$-6.99B	$-3.32B	$-4.34B	$-7.26B	$-7.83B	$-7.97B	$-15.45B	$-7.82B	$-4.60B
Debt Issued	$6.08B	$4.97B	$5.83B	$6.31B	$3.48B	$7.51B	$1.95B	$3.12B	$3.47B	$4.72B	$6.71B	$3.46B
Net Debt Issued	$4.76B	$3.42B	$4.11B	$4.24B	$1.84B	$1.07B	$664M	$1.33B	$980M	$2.78B	$4.02B	$1.92B
Stock Issued	$691M	$148M	$140M	$563M	$0	$0	$0	$0	$1.15B	$0	$1.87B	$0
Net Stock Activity	$691M	$148M	$140M	$563M	·	·	$0	$0	$0	$0	$1.87B	·
Dividends Paid	$1.62B	$1.52B	$1.43B	$1.33B	$1.50B	$1.49B	$1.41B	$1.33B	$1.24B	$1.17B	$1.10B	$1.06B
Financing Cash Flow	$2.53B	$1.31B	$2.68B	$1.59B	$758M	$145M	$-58M	$-219M	$767M	$1.19B	$4.83B	$411M
Net Change in Cash	·	·	·	·	·	$44M	$-659M	$591M	$276M	$-5.80B	$4.62B	$269M
Taxes Paid	$12M	$81M	$10M	$73M	$281M	$10M	$265M	$95M	$540M	$-441M	$342M	$314M
Free Cash Flow	$-2.27B	$-1.53B	$-2.71B	$-2.28B	$-4.97B	$-3.81B	$-589M	$1.05B	$-104M	$-108M	$-8M	$-1.62B
Levered FCF	·	·	·	·	·	$-5.17B	$-1.87B	$-397M	$-1.68B	$-1.03B	$-680M	$-2.37B

Profitability 7

Annual Profitability data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	21.2%	18.8%	18.5%	17.4%	7.5%	8.5%	12.7%	10.8%	12.7%	9.9%	15.0%	11.3%
Net Margin	11.4%	10.7%	10.7%	11.4%	5.0%	5.9%	8.8%	5.8%	11.5%	3.8%	7.6%	6.6%
Pretax Margin	13.6%	11.6%	12.4%	12.6%	6.1%	7.1%	11.6%	6.2%	11.2%	6.3%	11.3%	9.1%
EBITDA Margin	36.2%	34.4%	34.6%	34.8%	24.1%	23.7%	25.1%	22.9%	24.1%	22.5%	23.3%	19.7%
ROA	2.5%	2.4%	2.4%	1.9%	1.4%	1.5%	2.5%	1.8%	3.3%	1.1%	2.5%	2.1%
ROE	9.9%	9.3%	9.2%	7.3%	5.5%	6.0%	9.6%	6.9%	13.8%	4.7%	9.3%	8.0%
ROIC	13.9%	13.2%	11.7%	4.4%	3.0%	3.5%	5.1%	5.5%	6.8%	3.1%	5.8%	5.1%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	0.9	0.9	0.8	0.7	0.9	1.0	0.8	1.2	1.1	0.9	1.7	1.4
Quick Ratio	0.4	0.3	0.3	0.2	0.3	0.3	0.4	0.5	0.5	0.4	1.1	0.6
Debt / Equity	0.1	0.1	0.2	1.6	1.2	1.1	1.2	1.2	1.2	1.4	1.0	1.0
LT Debt / Equity	·	·	·	1.4	1.0	1.1	1.0	1.1	1.1	1.2	0.9	0.9
Interest Coverage	·	·	·	·	·	1.8	2.7	2.5	2.8	2.1	4.4	3.0

Efficiency 2

Annual Efficiency data for EXC
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Receivables Turnover		8.0	9.1	9.5	9.3	10.7	8.4	7.5	8.0	7.8	8.5	8.8	8.5

Per Share 7

Annual Per Share data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$28.15	$26.79	$25.78	$24.89	$35.13	$33.39	$33.12	$31.77	$30.99	$27.96	$28.04	$26.29
Revenue / Share	$23.97	$22.96	$21.79	$19.33	$37.09	$33.82	$35.36	$37.14	$35.33	$33.83	$32.98	$31.75
Cash Flow / Share	$6.18	$5.55	$4.72	$4.93	$3.07	$4.33	$6.84	$8.92	$7.88	$9.11	$8.53	$5.16
Cash / Share	$0.61	$0.36	$0.45	$0.41	$1.21	$0.68	$0.60	$1.39	$0.93	$0.69	$7.07	$2.18
Dividend / Share	$2	$2	$1	$1	$2	$2	$1	$1	$1	$1	·	·
Dividend Paid / Share	·	·	·	·	·	·	·	·	$1	$1	$1	$1
EPS (TTM)	$2.85	$2.51	·	$1.85	$1.74	$2.01	$3.01	$2.07	$3.98	$1.21	$2.54	$1.88

Growth Rates 8

Annual Growth Rates data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	5.3%	6.0%	13.9%	6.4%	7.6%	·	·	·	·	·	·	·
Revenue CAGR 3Y	8.3%	8.7%	9.2%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	7.8%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	·	·	·	·	-13.4%	·	·	·	·	·	·	·
Net Income YoY	12.5%	5.7%	7.2%	18.7%	-6.4%	·	·	·	·	·	·	·
Net Income CAGR 3Y	8.4%	10.4%	6.0%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	7.2%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	1.6%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for EXC
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$24.26B	$23.03B	$21.73B	$19.08B	$17.94B	$16.66B	$34.44B	$35.98B	$33.56B	$31.37B	$29.45B	$27.43B
Net Income TTM	$2.77B	$2.46B	$2.33B	$2.17B	$1.83B	$1.95B	$3.03B	$2.08B	$3.87B	$1.20B	$2.25B	$1.82B
Market Cap	$44.59B	$37.83B	$35.86B	$42.97B	$40.33B	$29.39B	$31.64B	$31.14B	$27.08B	$23.39B	$18.22B	$22.74B
Enterprise Value	$46.24B	$40.78B	$39.35B	$82.22B	$81.18B	$64.03B	$68.46B	$65.93B	$61.37B	$58.03B	$37.40B	$42.49B
P/E	15.3	15.0	·	23.4	23.7	15.0	10.8	15.5	7.1	20.9	7.8	14.1
P/S	1.8	1.6	1.7	2.3	2.2	1.8	0.9	0.9	0.8	0.7	0.6	0.8
P/B	1.5	1.4	1.4	1.7	1.2	0.9	1.0	1.0	0.9	0.9	0.7	1.0
P / Tangible Book	2.0	1.9	1.9	2.4	1.4	1.1	·	·	·	·	·	·
P / Cash Flow	7.1	6.8	7.6	8.8	13.4	6.9	4.8	3.6	3.6	2.8	2.4	5.1
P / FCF	-19.6	-24.8	-13.3	-18.9	-8.1	-7.7	-53.7	29.7	-260.4	-216.6	-2277.7	-14.0
EV / EBITDA	5.3	5.2	5.2	12.4	9.3	8.2	7.9	8.0	7.6	8.2	5.5	7.9
EV / FCF	-20.3	-26.7	-14.5	-36.1	-16.3	-16.8	-116.2	62.8	-590.1	-537.3	-4674.7	-26.2
EV / Revenue	1.9	1.8	1.8	4.3	4.5	3.8	2.0	1.8	1.8	1.9	1.3	1.5
Dividend Yield	3.6%	4.0%	4.0%	3.1%	3.7%	5.1%	4.5%	4.3%	4.6%	5.0%	6.1%	4.7%
Earnings Yield	6.5%	6.7%	·	4.3%	4.2%	6.7%	9.3%	6.4%	14.2%	4.8%	12.8%	7.1%
Payout Ratio	58.4%	62.0%	61.6%	61.5%	81.8%	76.4%	46.5%	63.9%	32.1%	96.8%	49.1%	58.5%
Annual Payout	$1.62B	$1.52B	$1.43B	$1.33B	$1.50B	$1.49B	$1.41B	$1.33B	$1.24B	$1.17B	$1.10B	$1.06B

Income Statement 12

Quarterly Income Statement data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$7.24B	$5.41B	$6.71B	$5.43B	$6.71B	$5.47B	$6.15B	$5.36B	$6.04B	$5.37B	$5.98B	$4.82B	$5.56B	$4.67B	$4.84B	$4.24B
Operating Expenses	$5.64B	$4.23B	$5.21B	$4.50B	$5.18B	$4.37B	$4.96B	$4.46B	$4.93B	$4.29B	$4.86B	$4.11B	$4.46B	$3.96B	$3.83B	$3.54B
Operating Income	$1.60B	$1.19B	$1.50B	$927M	$1.54B	$1.10B	$1.20B	$913M	$1.11B	$1.09B	$1.12B	$704M	$1.11B	$710M	$1.01B	$694M
Other Non-op	$69M	$85M	$68M	$65M	$52M	$66M	$57M	$64M	$75M	$79M	$81M	$139M	$109M	$101M	$122M	$175M
Pretax Income	$1.12B	$722M	$1.03B	$461M	$1.08B	$695M	$757M	$494M	$721M	$716M	$767M	$416M	$803M	$425M	$768M	$511M
Income Tax	$200M	$128M	$155M	$70M	$170M	$48M	$50M	$46M	$63M	$100M	$67M	$73M	$134M	$-7M	$92M	$46M
Net Income	$919M	$594M	$875M	$391M	$908M	$647M	$707M	$448M	$658M	$616M	$700M	$343M	$669M	$432M	$676M	$465M
EPS (Basic)	$0.90	·	$0.87	$0.39	$0.90	·	$0.70	$0.45	$0.66	·	$0.70	$0.34	$0.67	·	·	·
EPS (Diluted)	$0.90	·	$0.86	$0.39	$0.90	·	$0.70	$0.45	$0.66	·	$0.70	$0.34	$0.67	·	·	·
Shares (Basic)	1,024,000,000	-2,018,000,000	1,011,000,000	1,010,000,000	1,008,000,000	-2,001,000,000	1,003,000,000	1,001,000,000	1,000,000,000	-1,990,000,000	996,000,000	995,000,000	995,000,000	-1,964,000,000	988,000,000	981,000,000
Shares (Diluted)	1,026,000,000	-2,022,000,000	1,013,000,000	1,012,000,000	1,009,000,000	-2,003,000,000	1,004,000,000	1,001,000,000	1,001,000,000	-1,992,000,000	997,000,000	996,000,000	996,000,000	-1,965,000,000	989,000,000	982,000,000
EBITDA	$2.56B	·	$1.50B	$927M	$2.44B	·	$1.20B	$913M	$1.99B	·	$1.12B	$704M	$1.97B	·	$1.01B	$694M

Balance Sheet 25

Quarterly Balance Sheet data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$713M	$626M	$1.53B	$724M	$1.00B	$357M	$616M	$934M	$720M	$445M	$300M	$399M	$522M	$407M	$446M	$816M
Receivables	$3.11B	$3.30B	$2.90B	$3.06B	$3.00B	$2.74B	$2.54B	$2.68B	$2.55B	·	$2.23B	$2.01B	$2.10B	·	$1.79B	$1.86B
Other Current Assets	$504M	$523M	$359M	$476M	$523M	$445M	$471M	$615M	$595M	·	$401M	$463M	$477M	·	$378M	$515M
Current Assets	$9.00B	$9.55B	$9.23B	$8.68B	$8.80B	$8.38B	$8.02B	$8.56B	$8.21B	·	$7.52B	$7.54B	$7.78B	·	$7.05B	$7.34B
PP&E (Net)	$85.56B	$84.32B	$82.10B	$80.61B	$79.18B	$78.18B	$76.66B	$75.65B	$74.60B	·	$72.46B	$71.30B	$70.12B	·	$67.57B	$66.46B
PP&E (Gross)	·	$104.40B	·	·	·	$96.63B	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	$20.69B	$20.08B	$19.61B	$19.43B	$18.96B	$18.45B	$18.23B	$18.16B	$17.71B	·	$16.84B	$16.82B	$16.38B	·	$15.52B	$15.24B
Goodwill	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	$6.63B	·	$6.63B	$6.63B	$6.63B	·	$6.63B	$6.63B
Other Non-current Assets	$1.88B	·	$1.73B	$1.69B	$1.62B	·	$1.50B	$1.47B	$1.42B	·	$1.35B	$1.28B	$1.22B	·	$1.09B	$1.02B
Total Assets	$117.55B	$116.57B	$113.54B	$111.15B	$109.48B	$107.78B	$106.07B	$105.11B	$103.21B	·	$99.26B	$98.08B	$96.92B	·	$93.45B	$92.30B
Accounts Payable	·	·	·	·	·	·	·	·	·	·	·	·	$2.76B	·	$2.69B	$2.45B
Accrued Liabilities	$1.20B	$1.58B	$1.41B	$1.32B	$1.19B	$1.47B	$1.28B	$1.24B	$1.08B	·	$1.31B	$1.22B	$1.18B	·	$1.21B	$1.06B
Short-term Debt	$665M	$612M	$1.08B	$1.11B	$1.08B	$1.86B	$1.03B	$1.45B	$2.21B	·	$1.72B	$1.24B	$1.31B	·	$1.69B	$2.00B
Current Liabilities	$9.59B	$10.33B	$9.82B	$9.16B	$8.10B	$9.61B	$7.38B	$8.28B	$7.97B	·	$8.80B	$7.94B	$8.09B	·	$8.72B	$8.03B
Other Non-current Liabilities	$2.57B	$2.17B	$2.10B	$2.18B	$2.26B	$2.28B	$2.29B	$2.20B	$2.14B	·	$2.13B	$2.25B	$1.87B	·	$1.99B	$2.05B
Total Liabilities	$88.23B	$87.77B	$85.43B	$83.53B	$81.88B	$80.86B	$79.45B	$78.96B	$77.15B	·	$73.79B	$73.00B	$71.86B	·	$68.87B	$68.64B
Long-term Debt	·	$49.43B	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Total Debt	$48.52B	·	$47.36B	$46.64B	$46.43B	·	$44.73B	$44.49B	$44.48B	·	$41.15B	$40.73B	$40.04B	·	$36.97B	$37.79B
Common Stock	$22.13B	$22.11B	$21.56B	$21.54B	$21.52B	$21.34B	$21.32B	$21.15B	$21.13B	·	$20.96B	$20.94B	$20.92B	·	$20.89B	$20.32B
Retained Earnings	$8.06B	$7.58B	$7.39B	$6.92B	$6.93B	$6.43B	$6.16B	$5.83B	$5.77B	·	$5.23B	$4.89B	$4.91B	·	$4.50B	$4.16B
Treasury Stock	$123M	$123M	$123M	$123M	$123M	$123M	$123M	$123M	$123M	·	$123M	$123M	$123M	·	$123M	$123M
AOCI	$-756M	$-762M	$-715M	$-718M	$-718M	$-720M	$-736M	$-712M	$-712M	·	$-596M	$-630M	$-639M	·	$-692M	$-701M
Stockholders' Equity	$29.32B	$28.80B	$28.11B	$27.62B	$27.61B	$26.92B	$26.62B	$26.15B	$26.06B	·	$25.47B	$25.08B	$25.07B	·	$24.58B	$23.66B
Liabilities + Equity	$117.55B	$116.57B	$113.54B	$111.15B	$109.48B	$107.78B	$106.07B	$105.11B	$103.21B	·	$99.26B	$98.08B	$96.92B	·	$93.45B	$92.30B
Shares Outstanding	1,023,000,000	1,023,000,000	1,010,000,000	1,010,000,000	1,009,000,000	1,005,000,000	1,005,000,000	1,000,000,000	1,000,000,000	·	995,000,000	995,000,000	994,000,000	·	994,000,000	980,000,000

Cash Flow 13

Quarterly Cash Flow data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$953M	$924M	$913M	$901M	$905M	$913M	$909M	$894M	$880M	$890M	$889M	$867M	$860M	$854M	$825M	$1.04B
Amort. of Intangibles	$0	$-1M	$0	$1M	$2M	$-5M	$2M	$2M	$2M	$-5M	$2M	$2M	$2M	$172M	$2M	$2M
Other Non-cash	$-148M	·	·	·	$-613M	·	·	·	$-546M	·	·	·	$-1.04B	·	·	·
Operating Cash Flow	$1.72B	$1.24B	$2.30B	$1.51B	$1.20B	$1.43B	$1.69B	$1.46B	$992M	$1.41B	$1.53B	$1.28B	$484M	$729M	$901M	$1.46B
CapEx	$2.36B	$2.43B	$2.14B	$2.01B	$1.95B	$1.94B	$1.70B	$1.70B	$1.77B	$1.87B	$1.85B	$1.80B	$1.88B	$1.97B	$1.67B	$1.58B
Investing Cash Flow	$-2.36B	$-2.42B	$-2.14B	$-2.02B	$-1.94B	$-1.93B	$-1.65B	$-1.70B	$-1.77B	$-1.86B	$-1.84B	$-1.80B	$-1.87B	$-2.00B	$-1.64B	$-1.53B
Debt Issued	$1.12B	$1.15B	$1.12B	$1.38B	$2.42B	$-1M	$750M	$1.60B	$2.62B	$525M	$100M	$1.27B	$3.92B	$508M	$650M	$850M
Net Debt Issued	$1.12B	·	·	·	$2.42B	·	·	·	$1.72B	·	·	·	$3.07B	·	·	·
Stock Issued	$0	$518M	$0	$0	$173M	$0	$148M	$0	$0	$140M	·	·	·	$0	$563M	·
Net Stock Activity	$0	·	·	·	$173M	·	$148M	·	·	·	·	·	·	·	$563M	·
Dividends Paid	$430M	$405M	$404M	$405M	$403M	$382M	$381M	$380M	$381M	$359M	$357M	$359M	$358M	$335M	$336M	$331M
Financing Cash Flow	$728M	$284M	$686M	$178M	$1.39B	$208M	$-344M	$465M	$982M	$603M	$221M	$479M	$1.38B	$1.09B	$176M	$-1.09B
Free Cash Flow	$-634M	·	·	·	$-746M	·	·	·	$-775M	·	·	·	$-1.40B	·	·	·

Profitability 7

Quarterly Profitability data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	22.2%	·	22.4%	17.1%	22.9%	·	19.4%	17.0%	18.4%	·	18.8%	14.6%	19.9%	·	20.9%	16.4%
Net Margin	12.7%	·	13.1%	7.2%	13.5%	·	11.5%	8.4%	10.9%	·	11.7%	7.1%	12.0%	·	14.0%	11.0%
Pretax Margin	15.4%	·	15.4%	8.5%	16.1%	·	12.3%	9.2%	11.9%	·	12.8%	8.6%	14.4%	·	15.8%	12.0%
EBITDA Margin	35.3%	·	22.4%	17.1%	36.4%	·	19.4%	17.0%	33.0%	·	18.8%	14.6%	35.3%	·	20.9%	16.4%
ROA	0.81%	·	0.80%	0.36%	0.85%	·	0.69%	0.44%	0.66%	·	0.73%	0.36%	0.71%	·	0.60%	0.42%
ROE	3.2%	·	3.2%	1.5%	3.4%	·	2.7%	1.8%	2.6%	·	2.8%	1.4%	2.8%	·	2.3%	1.7%
ROIC	1.7%	·	1.7%	1.1%	1.8%	·	1.6%	1.2%	1.4%	·	1.5%	0.88%	1.4%	·	1.5%	1.0%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	0.9	·	0.9	0.9	1.1	·	1.1	1.0	1.0	·	0.9	1.0	1.0	·	0.8	0.9
Quick Ratio	0.4	·	0.5	0.4	0.5	·	0.4	0.4	0.4	·	0.3	0.3	0.3	·	0.3	0.3
Debt / Equity	1.7	·	1.7	1.7	1.7	·	1.7	1.7	1.7	·	1.6	1.6	1.6	·	1.5	1.6
LT Debt / Equity	1.6	·	1.6	1.6	1.6	·	1.6	1.6	1.6	·	1.5	1.6	1.5	·	1.4	1.5

Efficiency 2

Quarterly Efficiency data for EXC
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.0	0.0
Receivables Turnover		2.4	·	2.5	1.9	2.4	·	2.6	2.3	2.6	·	3.0	2.5	2.7	·	2.0	1.7

Per Share 6

Quarterly Per Share data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	$28.66	·	$27.83	$27.35	$27.36	·	$26.49	$26.15	$26.06	·	$25.60	$25.20	$25.22	·	$24.73	$24.14
Revenue / Share	$7.06	·	$6.62	$5.36	$6.65	·	$6.13	$5.36	$6.04	·	$6.00	$4.84	$5.59	·	$4.90	$4.32
Cash Flow / Share	$1.68	·	·	·	$1.19	·	·	·	$0.99	·	·	·	$0.49	·	·	·
Cash / Share	$0.70	·	$1.52	$0.72	$0.99	·	$0.61	$0.93	$0.72	·	$0.30	$0.40	$0.53	·	$0.45	$0.83
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$3.05	·	$2.85	$2.44	$2.71	·	$2.51	$2.15	$2.37	·	·	·	·	·	$1.85	$1.85

Valuation (TTM) 15

Quarterly Valuation (TTM) data for EXC
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$26.09B	·	$25.00B	$23.66B	$24.27B	·	$23.54B	$22.20B	$22.40B	·	$21.21B	$19.46B	$19.97B	·	$19.27B	$18.45B
Net Income TTM	$3.09B	·	$2.88B	$2.45B	$2.72B	·	$2.51B	$2.15B	$2.37B	·	$2.39B	$2.15B	$2.41B	·	$2.97B	$2.77B
Market Cap	$50.15B	·	$45.46B	$43.85B	$46.49B	·	$40.75B	$34.61B	$37.57B	·	$37.60B	$40.54B	$41.64B	·	$37.24B	$44.41B
Enterprise Value	$97.96B	·	$91.29B	$89.77B	$91.92B	·	$84.87B	$78.17B	$81.33B	·	$78.45B	$80.87B	$81.15B	·	$73.76B	$81.39B
P/E	16.1	·	15.8	17.8	17.0	·	16.2	16.1	15.9	·	·	·	·	·	20.2	24.5
P/S	1.9	·	1.8	1.9	1.9	·	1.7	1.6	1.7	·	1.8	2.1	2.1	·	1.9	2.4
P/B	1.7	·	1.6	1.6	1.7	·	1.5	1.3	1.4	·	1.5	1.6	1.7	·	1.5	1.9
P / Tangible Book	2.2	·	2.1	2.1	2.2	·	2.0	1.8	1.9	·	2.0	2.2	2.3	·	2.1	2.6
P / Cash Flow	29.1	·	·	·	38.7	·	·	·	37.9	·	·	·	86.0	·	·	·
P / FCF	-79.1	·	·	·	-62.3	·	·	·	-48.5	·	·	·	-29.8	·	·	·
EV / EBITDA	38.3	·	60.9	96.8	37.7	·	71.0	85.6	40.8	·	69.9	114.9	41.3	·	73.0	117.3
EV / FCF	-154.5	·	·	·	-123.2	·	·	·	-104.9	·	·	·	-58.1	·	·	·
EV / Revenue	3.8	·	3.7	3.8	3.8	·	3.6	3.5	3.6	·	3.7	4.2	4.1	·	3.8	4.4
Earnings Yield	6.2%	·	6.3%	5.6%	5.9%	·	6.2%	6.2%	6.3%	·	·	·	·	·	4.9%	4.1%
Payout Ratio	46.8%	·	·	·	44.4%	·	·	·	57.9%	·	·	·	53.5%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$24.26B	$23.03B	$21.73B	$19.08B	$17.94B
Operating Margin %	21.2%	18.8%	18.5%	17.4%	7.5%
Net Income	$2.77B	$2.46B	$2.33B	$2.17B	$1.83B
Diluted EPS	—	—	—	—	$1.74

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.1	0.1	0.2	1.6	1.2
Current Ratio	0.9	0.9	0.8	0.7	0.9
Quick Ratio	0.4	0.3	0.3	0.2	0.3

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-2.27B	$-1.53B	$-2.71B	$-2.28B	$-4.97B

Latest News Recent headlines mentioning this company

Extreme Networks CEO Keeps Trimming — But His Remaining Stake Tells a Different Story Nasdaq · 6 days ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

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EXC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

EXC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

EXC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer Comparison Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals