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Side-by-side financial comparison of Consolidated Edison (ED) and PPG Industries (PPG). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $3.9B, roughly 1.0× PPG Industries). PPG Industries runs the higher net margin — 9.8% vs 7.5%, a 2.3% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs 6.7%). Over the past eight quarters, Consolidated Edison's revenue compounded faster (-3.7% CAGR vs -9.5%).
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.
PPG Industries, Inc. is an American supplier of paints, coatings, and specialty materials based in Pittsburgh, Pennsylvania. It operates in more than 70 countries globally. A member of the Fortune 500, PPG is the second largest coatings company in the world by revenue, behind Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
ED vs PPG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $3.9B |
| Net Profit | $298.0M | $385.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | — |
| Net Margin | 7.5% | 9.8% |
| Revenue YoY | 8.2% | 6.7% |
| Net Profit YoY | -3.9% | 1.9% |
| EPS (diluted) | $0.81 | — |
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 | — | $3.9B | ||
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $3.6B | $4.2B | ||
| Q1 25 | $4.9B | $3.7B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $3.3B | $4.8B |
| Q1 26 | — | $385.0M | ||
| Q4 25 | $298.0M | $300.0M | ||
| Q3 25 | $688.0M | $453.0M | ||
| Q2 25 | $246.0M | $450.0M | ||
| Q1 25 | $791.0M | $373.0M | ||
| Q4 24 | $310.0M | $-280.0M | ||
| Q3 24 | $588.0M | $468.0M | ||
| Q2 24 | $202.0M | $528.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 40.6% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | — | 41.8% | ||
| Q2 24 | — | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 9.9% | ||
| Q3 25 | 21.2% | 16.9% | ||
| Q2 25 | 9.8% | 17.7% | ||
| Q1 25 | 23.0% | 16.5% | ||
| Q4 24 | 13.0% | 0.5% | ||
| Q3 24 | 20.4% | 15.6% | ||
| Q2 24 | 9.7% | 17.3% |
| Q1 26 | — | 9.8% | ||
| Q4 25 | 7.5% | 7.7% | ||
| Q3 25 | 15.1% | 11.1% | ||
| Q2 25 | 6.8% | 10.7% | ||
| Q1 25 | 16.2% | 10.1% | ||
| Q4 24 | 8.5% | -12.9% | ||
| Q3 24 | 13.9% | 10.2% | ||
| Q2 24 | 6.1% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $1.33 | ||
| Q3 25 | $1.90 | $2.00 | ||
| Q2 25 | $0.68 | $1.98 | ||
| Q1 25 | $2.25 | $1.63 | ||
| Q4 24 | $0.89 | $-1.18 | ||
| Q3 24 | $1.69 | $2.00 | ||
| Q2 24 | $0.58 | $2.24 |
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 | $1.6B |
| Total DebtLower is stronger | $25.8B | $6.4B |
| Stockholders' EquityBook value | $24.2B | — |
| Total Assets | $74.6B | — |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $181.0M | $1.9B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $360.0M | $1.9B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $93.0M | $1.3B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $25.8B | $7.3B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | $24.7B | $5.8B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | $24.2B | $7.9B | ||
| Q3 25 | $24.2B | $7.8B | ||
| Q2 25 | $23.8B | $7.6B | ||
| Q1 25 | $23.8B | $6.9B | ||
| Q4 24 | $22.0B | $6.8B | ||
| Q3 24 | $21.9B | $7.8B | ||
| Q2 24 | $21.6B | $7.8B |
| Q1 26 | — | — | ||
| Q4 25 | $74.6B | $22.1B | ||
| Q3 25 | $71.8B | $22.1B | ||
| Q2 25 | $71.5B | $22.1B | ||
| Q1 25 | $70.7B | $21.1B | ||
| Q4 24 | $70.6B | $19.4B | ||
| Q3 24 | $68.6B | $21.9B | ||
| Q2 24 | $67.9B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 0.92× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 1.13× | 0.86× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.82× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 5.0% |
| Cash ConversionOCF / Net Profit | 4.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $887.0M | ||
| Q3 25 | $504.0M | $685.0M | ||
| Q2 25 | $2.0B | $387.0M | ||
| Q1 25 | $837.0M | $-18.0M | ||
| Q4 24 | $1.3B | $346.0M | ||
| Q3 24 | $392.0M | $769.0M | ||
| Q2 24 | $1.3B | $365.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $586.0M | ||
| Q3 25 | — | $538.0M | ||
| Q2 25 | — | $266.0M | ||
| Q1 25 | — | $-227.0M | ||
| Q4 24 | — | $148.0M | ||
| Q3 24 | — | $620.0M | ||
| Q2 24 | — | $247.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 5.2% |
| Q1 26 | — | 5.0% | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | 2.96× | ||
| Q3 25 | 0.73× | 1.51× | ||
| Q2 25 | 8.04× | 0.86× | ||
| Q1 25 | 1.06× | -0.05× | ||
| Q4 24 | 4.23× | — | ||
| Q3 24 | 0.67× | 1.64× | ||
| Q2 24 | 6.63× | 0.69× |
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% |
PPG
Segment breakdown not available.
