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Side-by-side financial comparison of Consolidated Edison (ED) and Eaton Corporation (ETN). Click either name above to swap in a different company.
Eaton Corporation is the larger business by last-quarter revenue ($7.1B vs $4.0B, roughly 1.8× Consolidated Edison). Eaton Corporation runs the higher net margin — 16.0% vs 7.5%, a 8.5% gap on every dollar of revenue. On growth, Eaton Corporation posted the faster year-over-year revenue change (13.1% vs 8.2%). Over the past eight quarters, Eaton Corporation's revenue compounded faster (9.0% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
Eaton Corporation plc is an Irish multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.
ED vs ETN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $7.1B |
| Net Profit | $298.0M | $1.1B |
| Gross Margin | — | 36.8% |
| Operating Margin | 12.3% | 18.3% |
| Net Margin | 7.5% | 16.0% |
| Revenue YoY | 8.2% | 13.1% |
| Net Profit YoY | -3.9% | 16.5% |
| EPS (diluted) | $0.81 | $2.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.0B | $7.1B | ||
| Q3 25 | $4.6B | $7.0B | ||
| Q2 25 | $3.6B | $7.0B | ||
| Q1 25 | $4.9B | $6.4B | ||
| Q4 24 | $3.7B | $6.2B | ||
| Q3 24 | $4.2B | $6.3B | ||
| Q2 24 | $3.3B | $6.3B | ||
| Q1 24 | $4.3B | $5.9B |
| Q4 25 | $298.0M | $1.1B | ||
| Q3 25 | $688.0M | $1.0B | ||
| Q2 25 | $246.0M | $982.0M | ||
| Q1 25 | $791.0M | $964.0M | ||
| Q4 24 | $310.0M | $971.0M | ||
| Q3 24 | $588.0M | $1.0B | ||
| Q2 24 | $202.0M | $993.0M | ||
| Q1 24 | $720.0M | $821.0M |
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 38.9% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 37.3% |
| Q4 25 | 12.3% | 18.3% | ||
| Q3 25 | 21.2% | 18.2% | ||
| Q2 25 | 9.8% | 16.9% | ||
| Q1 25 | 23.0% | 18.5% | ||
| Q4 24 | 13.0% | 18.7% | ||
| Q3 24 | 20.4% | 19.0% | ||
| Q2 24 | 9.7% | 18.8% | ||
| Q1 24 | 23.6% | 16.8% |
| Q4 25 | 7.5% | 16.0% | ||
| Q3 25 | 15.1% | 14.5% | ||
| Q2 25 | 6.8% | 14.0% | ||
| Q1 25 | 16.2% | 15.1% | ||
| Q4 24 | 8.5% | 15.6% | ||
| Q3 24 | 13.9% | 15.9% | ||
| Q2 24 | 6.1% | 15.6% | ||
| Q1 24 | 16.8% | 13.8% |
| Q4 25 | $0.81 | $2.90 | ||
| Q3 25 | $1.90 | $2.59 | ||
| Q2 25 | $0.68 | $2.51 | ||
| Q1 25 | $2.25 | $2.45 | ||
| Q4 24 | $0.89 | $2.45 | ||
| Q3 24 | $1.69 | $2.53 | ||
| Q2 24 | $0.58 | $2.48 | ||
| Q1 24 | $2.08 | $2.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $803.0M |
| Total DebtLower is stronger | $25.8B | $8.8B |
| Stockholders' EquityBook value | $24.2B | $19.4B |
| Total Assets | $74.6B | $41.3B |
| Debt / EquityLower = less leverage | 1.07× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $803.0M | ||
| Q3 25 | $181.0M | $565.0M | ||
| Q2 25 | $1.5B | $584.0M | ||
| Q1 25 | $360.0M | $1.9B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $93.0M | $2.0B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $169.0M | $2.4B |
| Q4 25 | $25.8B | $8.8B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.8B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $24.7B | $8.5B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.2B |
| Q4 25 | $24.2B | $19.4B | ||
| Q3 25 | $24.2B | $18.8B | ||
| Q2 25 | $23.8B | $18.6B | ||
| Q1 25 | $23.8B | $18.5B | ||
| Q4 24 | $22.0B | $18.5B | ||
| Q3 24 | $21.9B | $19.1B | ||
| Q2 24 | $21.6B | $19.2B | ||
| Q1 24 | $21.6B | $19.3B |
| Q4 25 | $74.6B | $41.3B | ||
| Q3 25 | $71.8B | $40.6B | ||
| Q2 25 | $71.5B | $40.5B | ||
| Q1 25 | $70.7B | $39.2B | ||
| Q4 24 | $70.6B | $38.4B | ||
| Q3 24 | $68.6B | $39.2B | ||
| Q2 24 | $67.9B | $39.4B | ||
| Q1 24 | $66.7B | $38.5B |
| Q4 25 | 1.07× | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 1.13× | 0.46× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $2.0B |
| Free Cash FlowOCF − Capex | — | $1.6B |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $504.0M | $1.4B | ||
| Q2 25 | $2.0B | $918.0M | ||
| Q1 25 | $837.0M | $238.0M | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $392.0M | $1.3B | ||
| Q2 24 | $1.3B | $946.0M | ||
| Q1 24 | $573.0M | $475.0M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $716.0M | ||
| Q1 25 | — | $91.0M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $759.0M | ||
| Q1 24 | — | $292.0M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 17.7% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 4.97× | 1.74× | ||
| Q3 25 | 0.73× | 1.34× | ||
| Q2 25 | 8.04× | 0.93× | ||
| Q1 25 | 1.06× | 0.25× | ||
| Q4 24 | 4.23× | 1.64× | ||
| Q3 24 | 0.67× | 1.30× | ||
| Q2 24 | 6.63× | 0.95× | ||
| Q1 24 | 0.80× | 0.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
