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Side-by-side financial comparison of Consolidated Edison (ED) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $3.7B, roughly 1.1× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 7.5%, a 12.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 8.2%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
ED vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $3.7B |
| Net Profit | $298.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 12.3% | 17.2% |
| Net Margin | 7.5% | 20.2% |
| Revenue YoY | 8.2% | 30.6% |
| Net Profit YoY | -3.9% | -42.5% |
| EPS (diluted) | $0.81 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $3.6B | $2.7B | ||
| Q1 25 | $4.9B | $2.4B | ||
| Q4 24 | $3.7B | $2.8B | ||
| Q3 24 | $4.2B | $2.2B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $4.3B | $1.9B |
| Q4 25 | $298.0M | $743.0M | ||
| Q3 25 | $688.0M | $264.0M | ||
| Q2 25 | $246.0M | $906.0M | ||
| Q1 25 | $791.0M | $-682.0M | ||
| Q4 24 | $310.0M | $1.3B | ||
| Q3 24 | $588.0M | $828.0M | ||
| Q2 24 | $202.0M | $171.0M | ||
| Q1 24 | $720.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 12.3% | 17.2% | ||
| Q3 25 | 21.2% | 12.1% | ||
| Q2 25 | 9.8% | 10.9% | ||
| Q1 25 | 23.0% | 8.6% | ||
| Q4 24 | 13.0% | 16.5% | ||
| Q3 24 | 20.4% | 13.1% | ||
| Q2 24 | 9.7% | 11.8% | ||
| Q1 24 | 23.6% | 4.6% |
| Q4 25 | 7.5% | 20.2% | ||
| Q3 25 | 15.1% | 9.3% | ||
| Q2 25 | 6.8% | 33.8% | ||
| Q1 25 | 16.2% | -28.9% | ||
| Q4 24 | 8.5% | 46.0% | ||
| Q3 24 | 13.9% | 38.3% | ||
| Q2 24 | 6.1% | 8.4% | ||
| Q1 24 | 16.8% | -14.7% |
| Q4 25 | $0.81 | $0.58 | ||
| Q3 25 | $1.90 | $0.20 | ||
| Q2 25 | $0.68 | $0.69 | ||
| Q1 25 | $2.25 | $-0.53 | ||
| Q4 24 | $0.89 | $0.99 | ||
| Q3 24 | $1.69 | $0.64 | ||
| Q2 24 | $0.58 | $0.13 | ||
| Q1 24 | $2.08 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $25.8B | — |
| Stockholders' EquityBook value | $24.2B | $13.5B |
| Total Assets | $74.6B | $15.2B |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $5.8B | ||
| Q3 25 | $181.0M | $6.3B | ||
| Q2 25 | $1.5B | $5.8B | ||
| Q1 25 | $360.0M | $5.5B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $93.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $169.0M | — |
| Q4 25 | $25.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $24.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $24.2B | $13.5B | ||
| Q3 25 | $24.2B | $12.5B | ||
| Q2 25 | $23.8B | $12.1B | ||
| Q1 25 | $23.8B | $11.1B | ||
| Q4 24 | $22.0B | $11.6B | ||
| Q3 24 | $21.9B | $10.1B | ||
| Q2 24 | $21.6B | $9.2B | ||
| Q1 24 | $21.6B | $8.9B |
| Q4 25 | $74.6B | $15.2B | ||
| Q3 25 | $71.8B | $15.0B | ||
| Q2 25 | $71.5B | $14.6B | ||
| Q1 25 | $70.7B | $13.4B | ||
| Q4 24 | $70.6B | $13.9B | ||
| Q3 24 | $68.6B | — | ||
| Q2 24 | $67.9B | — | ||
| Q1 24 | $66.7B | — |
| 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 | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 4.97× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $725.0M | ||
| Q3 25 | $504.0M | $513.0M | ||
| Q2 25 | $2.0B | $428.0M | ||
| Q1 25 | $837.0M | $367.0M | ||
| Q4 24 | $1.3B | $615.0M | ||
| Q3 24 | $392.0M | $423.0M | ||
| Q2 24 | $1.3B | $340.0M | ||
| Q1 24 | $573.0M | $238.0M |
| Q4 25 | — | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | — | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $232.0M |
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 12.5% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 4.97× | 0.98× | ||
| Q3 25 | 0.73× | 1.94× | ||
| Q2 25 | 8.04× | 0.47× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.23× | 0.48× | ||
| Q3 24 | 0.67× | 0.51× | ||
| Q2 24 | 6.63× | 1.99× | ||
| Q1 24 | 0.80× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
