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Side-by-side financial comparison of Consolidated Edison (ED) and Tonix Pharmaceuticals Holding Corp. (TNXP). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $5.4M, roughly 735.6× Tonix Pharmaceuticals Holding Corp.). Consolidated Edison runs the higher net margin — 7.5% vs -870.3%, a 877.8% gap on every dollar of revenue. On growth, Tonix Pharmaceuticals Holding Corp. posted the faster year-over-year revenue change (108.8% vs 8.2%). Over the past eight quarters, Tonix Pharmaceuticals Holding Corp.'s revenue compounded faster (47.4% 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.
Tonix Pharmaceuticals is a pharmaceutical company based in Chatham, New Jersey that focuses on repurposed drugs for central nervous system conditions and as of 2020 was also pursuing a vaccine for COVID-19 and a biodefense project.
ED vs TNXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $5.4M |
| Net Profit | $298.0M | $-46.9M |
| Gross Margin | — | 80.4% |
| Operating Margin | 12.3% | -895.8% |
| Net Margin | 7.5% | -870.3% |
| Revenue YoY | 8.2% | 108.8% |
| Net Profit YoY | -3.9% | -112.2% |
| EPS (diluted) | $0.81 | $-4.28 |
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 | $5.4M | ||
| Q3 25 | $4.6B | $3.3M | ||
| Q2 25 | $3.6B | $2.0M | ||
| Q1 25 | $4.9B | $2.4M | ||
| Q4 24 | $3.7B | $2.6M | ||
| Q3 24 | $4.2B | $2.8M | ||
| Q2 24 | $3.3B | $2.2M | ||
| Q1 24 | $4.3B | $2.5M |
| Q4 25 | $298.0M | $-46.9M | ||
| Q3 25 | $688.0M | $-32.0M | ||
| Q2 25 | $246.0M | $-28.3M | ||
| Q1 25 | $791.0M | $-16.8M | ||
| Q4 24 | $310.0M | $-22.1M | ||
| Q3 24 | $588.0M | $-14.2M | ||
| Q2 24 | $202.0M | $-78.8M | ||
| Q1 24 | $720.0M | $-14.9M |
| Q4 25 | — | 80.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | -63.8% | ||
| Q1 25 | — | 61.2% | ||
| Q4 24 | — | 54.2% | ||
| Q3 24 | — | 44.9% | ||
| Q2 24 | — | -52.5% | ||
| Q1 24 | — | 33.1% |
| Q4 25 | 12.3% | -895.8% | ||
| Q3 25 | 21.2% | -1005.1% | ||
| Q2 25 | 9.8% | -1416.2% | ||
| Q1 25 | 23.0% | -660.9% | ||
| Q4 24 | 13.0% | -870.6% | ||
| Q3 24 | 20.4% | -551.2% | ||
| Q2 24 | 9.7% | -3501.6% | ||
| Q1 24 | 23.6% | -860.2% |
| Q4 25 | 7.5% | -870.3% | ||
| Q3 25 | 15.1% | -972.9% | ||
| Q2 25 | 6.8% | -1415.0% | ||
| Q1 25 | 16.2% | -692.8% | ||
| Q4 24 | 8.5% | -856.2% | ||
| Q3 24 | 13.9% | -503.6% | ||
| Q2 24 | 6.1% | -3567.8% | ||
| Q1 24 | 16.8% | -601.9% |
| Q4 25 | $0.81 | $-4.28 | ||
| Q3 25 | $1.90 | $-3.59 | ||
| Q2 25 | $0.68 | $-3.86 | ||
| Q1 25 | $2.25 | $-2.84 | ||
| Q4 24 | $0.89 | $2302.65 | ||
| Q3 24 | $1.69 | $-22.68 | ||
| Q2 24 | $0.58 | $-1920.85 | ||
| Q1 24 | $2.08 | $-535.72 |
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 | $207.6M |
| Total DebtLower is stronger | $25.8B | — |
| Stockholders' EquityBook value | $24.2B | $245.2M |
| Total Assets | $74.6B | $277.2M |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $207.6M | ||
| Q3 25 | $181.0M | $190.1M | ||
| Q2 25 | $1.5B | $125.3M | ||
| Q1 25 | $360.0M | $131.7M | ||
| Q4 24 | $1.3B | $98.8M | ||
| Q3 24 | $93.0M | $28.2M | ||
| Q2 24 | $1.5B | $4.2M | ||
| Q1 24 | $169.0M | $7.0M |
| Q4 25 | $25.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $24.7B | $8.7M | ||
| Q3 24 | — | $9.4M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | $24.2B | $245.2M | ||
| Q3 25 | $24.2B | $231.1M | ||
| Q2 25 | $23.8B | $168.0M | ||
| Q1 25 | $23.8B | $180.4M | ||
| Q4 24 | $22.0B | $139.6M | ||
| Q3 24 | $21.9B | $74.2M | ||
| Q2 24 | $21.6B | $42.1M | ||
| Q1 24 | $21.6B | $108.1M |
| Q4 25 | $74.6B | $277.2M | ||
| Q3 25 | $71.8B | $252.4M | ||
| Q2 25 | $71.5B | $187.4M | ||
| Q1 25 | $70.7B | $192.9M | ||
| Q4 24 | $70.6B | $162.9M | ||
| Q3 24 | $68.6B | $95.0M | ||
| Q2 24 | $67.9B | $70.3M | ||
| Q1 24 | $66.7B | $135.3M |
| Q4 25 | 1.07× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | 0.06× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.10× |
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 | $-39.6M |
| Free Cash FlowOCF − Capex | — | $-41.5M |
| FCF MarginFCF / Revenue | — | -770.4% |
| Capex IntensityCapex / Revenue | — | 34.8% |
| Cash ConversionOCF / Net Profit | 4.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $-39.6M | ||
| Q3 25 | $504.0M | $-28.8M | ||
| Q2 25 | $2.0B | $-14.8M | ||
| Q1 25 | $837.0M | $-16.6M | ||
| Q4 24 | $1.3B | $-14.6M | ||
| Q3 24 | $392.0M | $-18.8M | ||
| Q2 24 | $1.3B | $-9.9M | ||
| Q1 24 | $573.0M | $-17.6M |
| Q4 25 | — | $-41.5M | ||
| Q3 25 | — | $-29.7M | ||
| Q2 25 | — | $-15.4M | ||
| Q1 25 | — | $-16.6M | ||
| Q4 24 | — | $-14.6M | ||
| Q3 24 | — | $-18.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-17.7M |
| Q4 25 | — | -770.4% | ||
| Q3 25 | — | -904.1% | ||
| Q2 25 | — | -768.8% | ||
| Q1 25 | — | -682.8% | ||
| Q4 24 | — | -566.7% | ||
| Q3 24 | — | -666.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -712.4% |
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | 4.97× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 8.04× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.23× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 6.63× | — | ||
| 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% |
TNXP
| Zembrace Symtouch | $3.1M | 58% |
| Other | $2.3M | 42% |
