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Side-by-side financial comparison of Consolidated Edison (ED) and Solventum (SOLV). 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× Solventum). Consolidated Edison runs the higher net margin — 7.5% vs 3.2%, a 4.4% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs -3.7%). Over the past eight quarters, Solventum's revenue compounded faster (-0.4% 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.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
ED vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $2.0B |
| Net Profit | $298.0M | $63.0M |
| Gross Margin | — | 51.4% |
| Operating Margin | 12.3% | 6.3% |
| Net Margin | 7.5% | 3.2% |
| Revenue YoY | 8.2% | -3.7% |
| Net Profit YoY | -3.9% | 103.2% |
| EPS (diluted) | $0.81 | $0.37 |
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 | $2.1B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $4.9B | $2.1B | ||
| Q4 24 | $3.7B | $2.1B | ||
| Q3 24 | $4.2B | $2.1B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $4.3B | $2.0B |
| Q4 25 | $298.0M | $63.0M | ||
| Q3 25 | $688.0M | $1.3B | ||
| Q2 25 | $246.0M | $90.0M | ||
| Q1 25 | $791.0M | $137.0M | ||
| Q4 24 | $310.0M | $31.0M | ||
| Q3 24 | $588.0M | $122.0M | ||
| Q2 24 | $202.0M | $89.0M | ||
| Q1 24 | $720.0M | $237.0M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 54.2% | ||
| Q2 25 | — | 54.4% | ||
| Q1 25 | — | 53.8% | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 56.0% | ||
| Q2 24 | — | 54.6% | ||
| Q1 24 | — | 58.1% |
| Q4 25 | 12.3% | 6.3% | ||
| Q3 25 | 21.2% | 80.6% | ||
| Q2 25 | 9.8% | 9.9% | ||
| Q1 25 | 23.0% | 7.3% | ||
| Q4 24 | 13.0% | 6.6% | ||
| Q3 24 | 20.4% | 13.2% | ||
| Q2 24 | 9.7% | 11.7% | ||
| Q1 24 | 23.6% | 18.9% |
| Q4 25 | 7.5% | 3.2% | ||
| Q3 25 | 15.1% | 60.4% | ||
| Q2 25 | 6.8% | 4.2% | ||
| Q1 25 | 16.2% | 6.6% | ||
| Q4 24 | 8.5% | 1.5% | ||
| Q3 24 | 13.9% | 5.9% | ||
| Q2 24 | 6.1% | 4.3% | ||
| Q1 24 | 16.8% | 11.8% |
| Q4 25 | $0.81 | $0.37 | ||
| Q3 25 | $1.90 | $7.22 | ||
| Q2 25 | $0.68 | $0.51 | ||
| Q1 25 | $2.25 | $0.78 | ||
| Q4 24 | $0.89 | $0.18 | ||
| Q3 24 | $1.69 | $0.70 | ||
| Q2 24 | $0.58 | $0.51 | ||
| Q1 24 | $2.08 | $1.37 |
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 | $878.0M |
| Total DebtLower is stronger | $25.8B | $5.0B |
| Stockholders' EquityBook value | $24.2B | $5.0B |
| Total Assets | $74.6B | $14.3B |
| Debt / EquityLower = less leverage | 1.07× | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $878.0M | ||
| Q3 25 | $181.0M | $1.6B | ||
| Q2 25 | $1.5B | $492.0M | ||
| Q1 25 | $360.0M | $534.0M | ||
| Q4 24 | $1.3B | $762.0M | ||
| Q3 24 | $93.0M | $772.0M | ||
| Q2 24 | $1.5B | $897.0M | ||
| Q1 24 | $169.0M | $996.0M |
| Q4 25 | $25.8B | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $24.7B | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $24.2B | $5.0B | ||
| Q3 25 | $24.2B | $5.0B | ||
| Q2 25 | $23.8B | $3.6B | ||
| Q1 25 | $23.8B | $3.3B | ||
| Q4 24 | $22.0B | $3.0B | ||
| Q3 24 | $21.9B | $3.2B | ||
| Q2 24 | $21.6B | $2.9B | ||
| Q1 24 | $21.6B | $3.9B |
| Q4 25 | $74.6B | $14.3B | ||
| Q3 25 | $71.8B | $14.0B | ||
| Q2 25 | $71.5B | $15.1B | ||
| Q1 25 | $70.7B | $14.5B | ||
| Q4 24 | $70.6B | $14.5B | ||
| Q3 24 | $68.6B | $14.7B | ||
| Q2 24 | $67.9B | $14.6B | ||
| Q1 24 | $66.7B | $14.7B |
| Q4 25 | 1.07× | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | 1.13× | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | — | $32.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $95.0M | ||
| Q3 25 | $504.0M | $76.0M | ||
| Q2 25 | $2.0B | $169.0M | ||
| Q1 25 | $837.0M | $29.0M | ||
| Q4 24 | $1.3B | $219.0M | ||
| Q3 24 | $392.0M | $169.0M | ||
| Q2 24 | $1.3B | $355.0M | ||
| Q1 24 | $573.0M | $442.0M |
| Q4 25 | — | $32.0M | ||
| Q3 25 | — | $-21.0M | ||
| Q2 25 | — | $59.0M | ||
| Q1 25 | — | $-80.0M | ||
| Q4 24 | — | $92.0M | ||
| Q3 24 | — | $76.0M | ||
| Q2 24 | — | $297.0M | ||
| Q1 24 | — | $340.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 16.9% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | 4.97× | 1.51× | ||
| Q3 25 | 0.73× | 0.06× | ||
| Q2 25 | 8.04× | 1.88× | ||
| Q1 25 | 1.06× | 0.21× | ||
| Q4 24 | 4.23× | 7.06× | ||
| Q3 24 | 0.67× | 1.39× | ||
| Q2 24 | 6.63× | 3.99× | ||
| Q1 24 | 0.80× | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
