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Side-by-side financial comparison of Consolidated Edison (ED) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $4.0B, roughly 1.9× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 1.3%, a 6.2% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs 0.5%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
ED vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $7.6B |
| Net Profit | $298.0M | $97.0M |
| Gross Margin | — | 18.2% |
| Operating Margin | 12.3% | 5.1% |
| Net Margin | 7.5% | 1.3% |
| Revenue YoY | 8.2% | 0.5% |
| Net Profit YoY | -3.9% | -33.6% |
| EPS (diluted) | $0.81 | $0.18 |
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 | $7.6B | ||
| Q3 25 | $4.6B | $8.0B | ||
| Q2 25 | $3.6B | $7.9B | ||
| Q1 25 | $4.9B | $7.7B | ||
| Q4 24 | $3.7B | $7.5B | ||
| Q3 24 | $4.2B | $7.7B | ||
| Q2 24 | $3.3B | $3.0B | ||
| Q1 24 | $4.3B | $2.9B |
| Q4 25 | $298.0M | $97.0M | ||
| Q3 25 | $688.0M | $246.0M | ||
| Q2 25 | $246.0M | $-28.0M | ||
| Q1 25 | $791.0M | $384.0M | ||
| Q4 24 | $310.0M | $146.0M | ||
| Q3 24 | $588.0M | $-150.0M | ||
| Q2 24 | $202.0M | $132.0M | ||
| Q1 24 | $720.0M | $191.0M |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 24.2% |
| Q4 25 | 12.3% | 5.1% | ||
| Q3 25 | 21.2% | 6.6% | ||
| Q2 25 | 9.8% | 3.2% | ||
| Q1 25 | 23.0% | 7.2% | ||
| Q4 24 | 13.0% | 5.3% | ||
| Q3 24 | 20.4% | 0.7% | ||
| Q2 24 | 9.7% | 8.2% | ||
| Q1 24 | 23.6% | 10.5% |
| Q4 25 | 7.5% | 1.3% | ||
| Q3 25 | 15.1% | 3.1% | ||
| Q2 25 | 6.8% | -0.4% | ||
| Q1 25 | 16.2% | 5.0% | ||
| Q4 24 | 8.5% | 1.9% | ||
| Q3 24 | 13.9% | -2.0% | ||
| Q2 24 | 6.1% | 4.4% | ||
| Q1 24 | 16.8% | 6.5% |
| Q4 25 | $0.81 | $0.18 | ||
| Q3 25 | $1.90 | $0.47 | ||
| Q2 25 | $0.68 | $-0.05 | ||
| Q1 25 | $2.25 | $0.73 | ||
| Q4 24 | $0.89 | $-0.12 | ||
| Q3 24 | $1.69 | $-0.30 | ||
| Q2 24 | $0.58 | $0.51 | ||
| Q1 24 | $2.08 | $0.73 |
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 | $892.0M |
| Total DebtLower is stronger | $25.8B | $13.4B |
| Stockholders' EquityBook value | $24.2B | $18.3B |
| Total Assets | $74.6B | $45.2B |
| Debt / EquityLower = less leverage | 1.07× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $892.0M | ||
| Q3 25 | $181.0M | $851.0M | ||
| Q2 25 | $1.5B | $778.0M | ||
| Q1 25 | $360.0M | $797.0M | ||
| Q4 24 | $1.3B | $855.0M | ||
| Q3 24 | $93.0M | — | ||
| Q2 24 | $1.5B | $26.8K | ||
| Q1 24 | $169.0M | $108 |
| Q4 25 | $25.8B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $24.7B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $24.2B | $18.3B | ||
| Q3 25 | $24.2B | $18.4B | ||
| Q2 25 | $23.8B | $18.3B | ||
| Q1 25 | $23.8B | $17.9B | ||
| Q4 24 | $22.0B | $17.4B | ||
| Q3 24 | $21.9B | $18.0B | ||
| Q2 24 | $21.6B | $14.5K | ||
| Q1 24 | $21.6B | $108 |
| Q4 25 | $74.6B | $45.2B | ||
| Q3 25 | $71.8B | $45.6B | ||
| Q2 25 | $71.5B | $45.7B | ||
| Q1 25 | $70.7B | $44.6B | ||
| Q4 24 | $70.6B | $43.8B | ||
| Q3 24 | $68.6B | $45.0B | ||
| Q2 24 | $67.9B | $26.8K | ||
| Q1 24 | $66.7B | $108 |
| Q4 25 | 1.07× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 1.13× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $1.2B |
| Free Cash FlowOCF − Capex | — | $612.0M |
| FCF MarginFCF / Revenue | — | 8.1% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | 4.97× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $504.0M | $1.1B | ||
| Q2 25 | $2.0B | $829.0M | ||
| Q1 25 | $837.0M | $235.0M | ||
| Q4 24 | $1.3B | $781.0M | ||
| Q3 24 | $392.0M | $320.0M | ||
| Q2 24 | $1.3B | $340.0M | ||
| Q1 24 | $573.0M | $42.0M |
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M | ||
| Q1 24 | — | $-166.0M |
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 7.1% |
| Q4 25 | 4.97× | 12.32× | ||
| Q3 25 | 0.73× | 4.61× | ||
| Q2 25 | 8.04× | — | ||
| Q1 25 | 1.06× | 0.61× | ||
| Q4 24 | 4.23× | 5.35× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 6.63× | 2.58× | ||
| Q1 24 | 0.80× | 0.22× |
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% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
