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Side-by-side financial comparison of Consolidated Edison (ED) and McDonald's (MCD). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $4.0B, roughly 1.8× Consolidated Edison). McDonald's runs the higher net margin — 30.9% vs 7.5%, a 23.4% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs 8.2%). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% 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.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
ED vs MCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $7.0B |
| Net Profit | $298.0M | $2.2B |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 45.0% |
| Net Margin | 7.5% | 30.9% |
| Revenue YoY | 8.2% | 9.7% |
| Net Profit YoY | -3.9% | 7.3% |
| EPS (diluted) | $0.81 | $3.03 |
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 | $7.0B | ||
| Q3 25 | $4.6B | $7.1B | ||
| Q2 25 | $3.6B | $6.8B | ||
| Q1 25 | $4.9B | $6.0B | ||
| Q4 24 | $3.7B | $6.4B | ||
| Q3 24 | $4.2B | $6.9B | ||
| Q2 24 | $3.3B | $6.5B | ||
| Q1 24 | $4.3B | $6.2B |
| Q4 25 | $298.0M | $2.2B | ||
| Q3 25 | $688.0M | $2.3B | ||
| Q2 25 | $246.0M | $2.3B | ||
| Q1 25 | $791.0M | $1.9B | ||
| Q4 24 | $310.0M | $2.0B | ||
| Q3 24 | $588.0M | $2.3B | ||
| Q2 24 | $202.0M | $2.0B | ||
| Q1 24 | $720.0M | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 90.6% | ||
| Q2 25 | — | 90.4% | ||
| Q1 25 | — | 89.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 90.3% | ||
| Q1 24 | — | 89.8% |
| Q4 25 | 12.3% | 45.0% | ||
| Q3 25 | 21.2% | 47.4% | ||
| Q2 25 | 9.8% | 47.2% | ||
| Q1 25 | 23.0% | 44.5% | ||
| Q4 24 | 13.0% | 44.9% | ||
| Q3 24 | 20.4% | 46.4% | ||
| Q2 24 | 9.7% | 45.0% | ||
| Q1 24 | 23.6% | 44.4% |
| Q4 25 | 7.5% | 30.9% | ||
| Q3 25 | 15.1% | 32.2% | ||
| Q2 25 | 6.8% | 32.9% | ||
| Q1 25 | 16.2% | 31.4% | ||
| Q4 24 | 8.5% | 31.6% | ||
| Q3 24 | 13.9% | 32.8% | ||
| Q2 24 | 6.1% | 31.2% | ||
| Q1 24 | 16.8% | 31.3% |
| Q4 25 | $0.81 | $3.03 | ||
| Q3 25 | $1.90 | $3.18 | ||
| Q2 25 | $0.68 | $3.14 | ||
| Q1 25 | $2.25 | $2.60 | ||
| Q4 24 | $0.89 | $2.80 | ||
| Q3 24 | $1.69 | $3.13 | ||
| Q2 24 | $0.58 | $2.80 | ||
| Q1 24 | $2.08 | $2.66 |
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 | $774.0M |
| Total DebtLower is stronger | $25.8B | $40.0B |
| Stockholders' EquityBook value | $24.2B | $-1.8B |
| Total Assets | $74.6B | $59.5B |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $774.0M | ||
| Q3 25 | $181.0M | $2.4B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $360.0M | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $93.0M | $1.2B | ||
| Q2 24 | $1.5B | $792.0M | ||
| Q1 24 | $169.0M | $838.0M |
| Q4 25 | $25.8B | $40.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $24.7B | $38.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $24.2B | $-1.8B | ||
| Q3 25 | $24.2B | $-2.2B | ||
| Q2 25 | $23.8B | $-2.8B | ||
| Q1 25 | $23.8B | $-3.5B | ||
| Q4 24 | $22.0B | $-3.8B | ||
| Q3 24 | $21.9B | $-5.2B | ||
| Q2 24 | $21.6B | $-4.8B | ||
| Q1 24 | $21.6B | $-4.8B |
| Q4 25 | $74.6B | $59.5B | ||
| Q3 25 | $71.8B | $60.6B | ||
| Q2 25 | $71.5B | $59.6B | ||
| Q1 25 | $70.7B | $56.3B | ||
| Q4 24 | $70.6B | $55.2B | ||
| Q3 24 | $68.6B | $56.2B | ||
| Q2 24 | $67.9B | $53.8B | ||
| Q1 24 | $66.7B | $53.5B |
| Q4 25 | 1.07× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.7B |
| Free Cash FlowOCF − Capex | — | $1.6B |
| FCF MarginFCF / Revenue | — | 23.4% |
| Capex IntensityCapex / Revenue | — | 15.1% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $504.0M | $3.4B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $837.0M | $2.4B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $392.0M | $2.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $573.0M | $2.4B |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 29.9% |
| Q4 25 | — | 15.1% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | 4.97× | 1.25× | ||
| Q3 25 | 0.73× | 1.50× | ||
| Q2 25 | 8.04× | 0.89× | ||
| Q1 25 | 1.06× | 1.30× | ||
| Q4 24 | 4.23× | 1.30× | ||
| Q3 24 | 0.67× | 1.21× | ||
| Q2 24 | 6.63× | 0.84× | ||
| Q1 24 | 0.80× | 1.24× |
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% |
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
