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Side-by-side financial comparison of Consolidated Edison (ED) and KeyCorp (KEY). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $2.0B, roughly 2.0× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 7.5%, a 17.9% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 8.2%). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% 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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
ED vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $4.0B | $2.0B |
| Net Profit | $298.0M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 32.3% |
| Net Margin | 7.5% | 25.4% |
| Revenue YoY | 8.2% | 131.8% |
| Net Profit YoY | -3.9% | 309.0% |
| EPS (diluted) | $0.81 | $0.43 |
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 | $2.0B | ||
| Q3 25 | $4.6B | $1.9B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $4.9B | $1.8B | ||
| Q4 24 | $3.7B | $865.0M | ||
| Q3 24 | $4.2B | $695.0M | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $4.3B | $1.5B |
| Q4 25 | $298.0M | $510.0M | ||
| Q3 25 | $688.0M | $489.0M | ||
| Q2 25 | $246.0M | $425.0M | ||
| Q1 25 | $791.0M | $405.0M | ||
| Q4 24 | $310.0M | $-244.0M | ||
| Q3 24 | $588.0M | $-410.0M | ||
| Q2 24 | $202.0M | $274.0M | ||
| Q1 24 | $720.0M | $219.0M |
| Q4 25 | 12.3% | 32.3% | ||
| Q3 25 | 21.2% | 31.8% | ||
| Q2 25 | 9.8% | 29.3% | ||
| Q1 25 | 23.0% | 29.0% | ||
| Q4 24 | 13.0% | -92.6% | ||
| Q3 24 | 20.4% | -72.8% | ||
| Q2 24 | 9.7% | 22.0% | ||
| Q1 24 | 23.6% | 18.1% |
| Q4 25 | 7.5% | 25.4% | ||
| Q3 25 | 15.1% | 25.8% | ||
| Q2 25 | 6.8% | 23.1% | ||
| Q1 25 | 16.2% | 22.8% | ||
| Q4 24 | 8.5% | -54.7% | ||
| Q3 24 | 13.9% | -59.0% | ||
| Q2 24 | 6.1% | 18.0% | ||
| Q1 24 | 16.8% | 14.3% |
| Q4 25 | $0.81 | $0.43 | ||
| Q3 25 | $1.90 | $0.41 | ||
| Q2 25 | $0.68 | $0.35 | ||
| Q1 25 | $2.25 | $0.33 | ||
| Q4 24 | $0.89 | $-0.30 | ||
| Q3 24 | $1.69 | $-0.47 | ||
| Q2 24 | $0.58 | $0.25 | ||
| Q1 24 | $2.08 | $0.20 |
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 | $10.2B |
| Total DebtLower is stronger | $25.8B | $9.9B |
| Stockholders' EquityBook value | $24.2B | $20.4B |
| Total Assets | $74.6B | $184.4B |
| Debt / EquityLower = less leverage | 1.07× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $10.2B | ||
| Q3 25 | $181.0M | $13.3B | ||
| Q2 25 | $1.5B | $11.6B | ||
| Q1 25 | $360.0M | $15.3B | ||
| Q4 24 | $1.3B | $17.5B | ||
| Q3 24 | $93.0M | $22.8B | ||
| Q2 24 | $1.5B | $15.5B | ||
| Q1 24 | $169.0M | $13.2B |
| Q4 25 | $25.8B | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | $24.7B | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $20.8B |
| Q4 25 | $24.2B | $20.4B | ||
| Q3 25 | $24.2B | $20.1B | ||
| Q2 25 | $23.8B | $19.5B | ||
| Q1 25 | $23.8B | $19.0B | ||
| Q4 24 | $22.0B | $18.2B | ||
| Q3 24 | $21.9B | $16.9B | ||
| Q2 24 | $21.6B | $14.8B | ||
| Q1 24 | $21.6B | $14.5B |
| Q4 25 | $74.6B | $184.4B | ||
| Q3 25 | $71.8B | $187.4B | ||
| Q2 25 | $71.5B | $185.5B | ||
| Q1 25 | $70.7B | $188.7B | ||
| Q4 24 | $70.6B | $187.2B | ||
| Q3 24 | $68.6B | $189.8B | ||
| Q2 24 | $67.9B | $187.4B | ||
| Q1 24 | $66.7B | $187.5B |
| Q4 25 | 1.07× | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 1.13× | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
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 | $2.2B |
| Free Cash FlowOCF − Capex | — | $2.1B |
| FCF MarginFCF / Revenue | — | 104.8% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | 4.97× | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $504.0M | $396.0M | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $837.0M | $-140.0M | ||
| Q4 24 | $1.3B | $664.0M | ||
| Q3 24 | $392.0M | $-1.2B | ||
| Q2 24 | $1.3B | $-217.0M | ||
| Q1 24 | $573.0M | $359.0M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $367.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $-150.0M | ||
| Q4 24 | — | $599.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-230.0M | ||
| Q1 24 | — | $347.0M |
| Q4 25 | — | 104.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 65.8% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | -175.8% | ||
| Q2 24 | — | -15.1% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 4.97× | 4.33× | ||
| Q3 25 | 0.73× | 0.81× | ||
| Q2 25 | 8.04× | 2.90× | ||
| Q1 25 | 1.06× | -0.35× | ||
| Q4 24 | 4.23× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 6.63× | -0.79× | ||
| Q1 24 | 0.80× | 1.64× |
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% |
KEY
Segment breakdown not available.