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Side-by-side financial comparison of Consolidated Edison (ED) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $2.9B, roughly 1.4× Ulta Beauty). Ulta Beauty runs the higher net margin — 8.1% vs 7.5%, a 0.6% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 8.2%). Over the past eight quarters, Ulta Beauty's revenue compounded faster (7.2% 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.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
ED vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $2.9B |
| Net Profit | $298.0M | $230.9M |
| Gross Margin | — | 40.4% |
| Operating Margin | 12.3% | 10.8% |
| Net Margin | 7.5% | 8.1% |
| Revenue YoY | 8.2% | 12.9% |
| Net Profit YoY | -3.9% | -4.7% |
| EPS (diluted) | $0.81 | $5.14 |
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 | $2.9B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $3.6B | $2.8B | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $3.7B | $2.5B | ||
| Q3 24 | $4.2B | $2.6B | ||
| Q2 24 | $3.3B | $2.7B | ||
| Q1 24 | $4.3B | $3.6B |
| Q4 25 | $298.0M | $230.9M | ||
| Q3 25 | $688.0M | $260.9M | ||
| Q2 25 | $246.0M | $305.1M | ||
| Q1 25 | $791.0M | — | ||
| Q4 24 | $310.0M | $242.2M | ||
| Q3 24 | $588.0M | $252.6M | ||
| Q2 24 | $202.0M | $313.1M | ||
| Q1 24 | $720.0M | $394.4M |
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 39.2% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 37.7% |
| Q4 25 | 12.3% | 10.8% | ||
| Q3 25 | 21.2% | 12.4% | ||
| Q2 25 | 9.8% | 14.1% | ||
| Q1 25 | 23.0% | — | ||
| Q4 24 | 13.0% | 12.6% | ||
| Q3 24 | 20.4% | 12.9% | ||
| Q2 24 | 9.7% | 14.7% | ||
| Q1 24 | 23.6% | 14.5% |
| Q4 25 | 7.5% | 8.1% | ||
| Q3 25 | 15.1% | 9.4% | ||
| Q2 25 | 6.8% | 10.7% | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 8.5% | 9.6% | ||
| Q3 24 | 13.9% | 9.9% | ||
| Q2 24 | 6.1% | 11.5% | ||
| Q1 24 | 16.8% | 11.1% |
| Q4 25 | $0.81 | $5.14 | ||
| Q3 25 | $1.90 | $5.78 | ||
| Q2 25 | $0.68 | $6.70 | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $0.89 | $5.14 | ||
| Q3 24 | $1.69 | $5.30 | ||
| Q2 24 | $0.58 | $6.47 | ||
| Q1 24 | $2.08 | $8.06 |
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 | $204.9M |
| Total DebtLower is stronger | $25.8B | — |
| Stockholders' EquityBook value | $24.2B | $2.6B |
| Total Assets | $74.6B | $7.0B |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $204.9M | ||
| Q3 25 | $181.0M | $242.7M | ||
| Q2 25 | $1.5B | $454.6M | ||
| Q1 25 | $360.0M | — | ||
| Q4 24 | $1.3B | $177.8M | ||
| Q3 24 | $93.0M | $414.0M | ||
| Q2 24 | $1.5B | $524.6M | ||
| Q1 24 | $169.0M | $766.6M |
| Q4 25 | $25.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $24.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $24.2B | $2.6B | ||
| Q3 25 | $24.2B | $2.6B | ||
| Q2 25 | $23.8B | $2.4B | ||
| Q1 25 | $23.8B | — | ||
| Q4 24 | $22.0B | $2.3B | ||
| Q3 24 | $21.9B | $2.3B | ||
| Q2 24 | $21.6B | $2.3B | ||
| Q1 24 | $21.6B | $2.3B |
| Q4 25 | $74.6B | $7.0B | ||
| Q3 25 | $71.8B | $6.6B | ||
| Q2 25 | $71.5B | $6.0B | ||
| Q1 25 | $70.7B | — | ||
| Q4 24 | $70.6B | $6.0B | ||
| Q3 24 | $68.6B | $5.7B | ||
| Q2 24 | $67.9B | $5.6B | ||
| Q1 24 | $66.7B | $5.7B |
| 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 | $5.6M |
| Free Cash FlowOCF − Capex | — | $-81.6M |
| FCF MarginFCF / Revenue | — | -2.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 4.97× | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $5.6M | ||
| Q3 25 | $504.0M | $96.5M | ||
| Q2 25 | $2.0B | $220.0M | ||
| Q1 25 | $837.0M | — | ||
| Q4 24 | $1.3B | $-56.8M | ||
| Q3 24 | $392.0M | $199.5M | ||
| Q2 24 | $1.3B | $159.3M | ||
| Q1 24 | $573.0M | $1.1B |
| Q4 25 | — | $-81.6M | ||
| Q3 25 | — | $19.6M | ||
| Q2 25 | — | $141.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-171.1M | ||
| Q3 24 | — | $104.3M | ||
| Q2 24 | — | $68.3M | ||
| Q1 24 | — | $994.0M |
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -6.8% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 28.0% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 4.97× | 0.02× | ||
| Q3 25 | 0.73× | 0.37× | ||
| Q2 25 | 8.04× | 0.72× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.23× | -0.23× | ||
| Q3 24 | 0.67× | 0.79× | ||
| Q2 24 | 6.63× | 0.51× | ||
| Q1 24 | 0.80× | 2.84× |
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% |
ULTA
Segment breakdown not available.
