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Side-by-side financial comparison of Consolidated Edison (ED) and Southwest Airlines (LUV). Click either name above to swap in a different company.
Southwest Airlines is the larger business by last-quarter revenue ($7.2B vs $4.0B, roughly 1.8× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 3.1%, a 4.4% gap on every dollar of revenue. On growth, Southwest Airlines posted the faster year-over-year revenue change (12.8% vs 8.2%). Over the past eight quarters, Southwest Airlines's revenue compounded faster (-0.7% 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.
Southwest Airlines is a major low-cost airline of the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C.
ED vs LUV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $7.2B |
| Net Profit | $298.0M | $227.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | — |
| Net Margin | 7.5% | 3.1% |
| Revenue YoY | 8.2% | 12.8% |
| Net Profit YoY | -3.9% | 252.3% |
| EPS (diluted) | $0.81 | $0.45 |
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.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $4.0B | $7.4B | ||
| Q3 25 | $4.6B | $6.9B | ||
| Q2 25 | $3.6B | $7.2B | ||
| Q1 25 | $4.9B | $6.4B | ||
| Q4 24 | $3.7B | $6.9B | ||
| Q3 24 | $4.2B | $6.9B | ||
| Q2 24 | $3.3B | $7.4B |
| Q1 26 | — | $227.0M | ||
| Q4 25 | $298.0M | $323.0M | ||
| Q3 25 | $688.0M | $54.0M | ||
| Q2 25 | $246.0M | $213.0M | ||
| Q1 25 | $791.0M | $-149.0M | ||
| Q4 24 | $310.0M | $262.0M | ||
| Q3 24 | $588.0M | $67.0M | ||
| Q2 24 | $202.0M | $367.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 5.3% | ||
| Q3 25 | 21.2% | 0.5% | ||
| Q2 25 | 9.8% | 3.1% | ||
| Q1 25 | 23.0% | -3.5% | ||
| Q4 24 | 13.0% | 4.0% | ||
| Q3 24 | 20.4% | 0.6% | ||
| Q2 24 | 9.7% | 5.4% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | 7.5% | 4.3% | ||
| Q3 25 | 15.1% | 0.8% | ||
| Q2 25 | 6.8% | 2.9% | ||
| Q1 25 | 16.2% | -2.3% | ||
| Q4 24 | 8.5% | 3.8% | ||
| Q3 24 | 13.9% | 1.0% | ||
| Q2 24 | 6.1% | 5.0% |
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.81 | $0.56 | ||
| Q3 25 | $1.90 | $0.10 | ||
| Q2 25 | $0.68 | $0.39 | ||
| Q1 25 | $2.25 | $-0.26 | ||
| Q4 24 | $0.89 | $0.46 | ||
| Q3 24 | $1.69 | $0.11 | ||
| Q2 24 | $0.58 | $0.58 |
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 | $3.3B |
| Total DebtLower is stronger | $25.8B | $5.4B |
| Stockholders' EquityBook value | $24.2B | $6.9B |
| Total Assets | $74.6B | $20.4B |
| Debt / EquityLower = less leverage | 1.07× | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $181.0M | $3.0B | ||
| Q2 25 | $1.5B | $3.8B | ||
| Q1 25 | $360.0M | $8.3B | ||
| Q4 24 | $1.3B | $8.7B | ||
| Q3 24 | $93.0M | $9.4B | ||
| Q2 24 | $1.5B | $10.0B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $25.8B | $4.6B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $24.7B | $5.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $24.2B | $8.0B | ||
| Q3 25 | $24.2B | $7.8B | ||
| Q2 25 | $23.8B | $8.0B | ||
| Q1 25 | $23.8B | $9.4B | ||
| Q4 24 | $22.0B | $10.3B | ||
| Q3 24 | $21.9B | $10.4B | ||
| Q2 24 | $21.6B | $10.5B |
| Q1 26 | — | $20.4B | ||
| Q4 25 | $74.6B | $29.1B | ||
| Q3 25 | $71.8B | $28.3B | ||
| Q2 25 | $71.5B | $28.7B | ||
| Q1 25 | $70.7B | $33.2B | ||
| Q4 24 | $70.6B | $33.8B | ||
| Q3 24 | $68.6B | $34.8B | ||
| Q2 24 | $67.9B | $35.6B |
| Q1 26 | — | 0.78× | ||
| Q4 25 | 1.07× | 0.57× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 1.13× | 0.49× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.48× |
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 | $1.4B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 8.7% |
| Cash ConversionOCF / Net Profit | 4.97× | 6.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $294.0M | ||
| Q3 25 | $504.0M | $287.0M | ||
| Q2 25 | $2.0B | $401.0M | ||
| Q1 25 | $837.0M | $860.0M | ||
| Q4 24 | $1.3B | $476.0M | ||
| Q3 24 | $392.0M | $113.0M | ||
| Q2 24 | $1.3B | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-565.0M | ||
| Q3 25 | — | $-391.0M | ||
| Q2 25 | — | $-234.0M | ||
| Q1 25 | — | $359.0M | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | — | $-404.0M | ||
| Q2 24 | — | $-517.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.6% | ||
| Q3 25 | — | -5.6% | ||
| Q2 25 | — | -3.2% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | -5.9% | ||
| Q2 24 | — | -7.0% |
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.7% |
| Q1 26 | — | 6.25× | ||
| Q4 25 | 4.97× | 0.91× | ||
| Q3 25 | 0.73× | 5.31× | ||
| Q2 25 | 8.04× | 1.88× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.23× | 1.82× | ||
| Q3 24 | 0.67× | 1.69× | ||
| Q2 24 | 6.63× | -0.06× |
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% |
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
