vs
Side-by-side financial comparison of Consolidated Edison (ED) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $4.0B, roughly 1.6× Consolidated Edison). Union Pacific Corporation runs the higher net margin — 27.4% vs 7.5%, a 19.8% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs 3.2%). Over the past eight quarters, Union Pacific Corporation's revenue compounded faster (1.7% 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.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
ED vs UNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $6.2B |
| Net Profit | $298.0M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 39.5% |
| Net Margin | 7.5% | 27.4% |
| Revenue YoY | 8.2% | 3.2% |
| Net Profit YoY | -3.9% | 4.6% |
| EPS (diluted) | $0.81 | $2.87 |
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.
| Q1 26 | — | $6.2B | ||
| Q4 25 | $4.0B | $6.1B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $3.6B | $6.2B | ||
| Q1 25 | $4.9B | $6.0B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $4.2B | $6.1B | ||
| Q2 24 | $3.3B | $6.0B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $298.0M | $1.8B | ||
| Q3 25 | $688.0M | $1.8B | ||
| Q2 25 | $246.0M | $1.9B | ||
| Q1 25 | $791.0M | $1.6B | ||
| Q4 24 | $310.0M | $1.8B | ||
| Q3 24 | $588.0M | $1.7B | ||
| Q2 24 | $202.0M | $1.7B |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 12.3% | 39.5% | ||
| Q3 25 | 21.2% | 40.8% | ||
| Q2 25 | 9.8% | 41.0% | ||
| Q1 25 | 23.0% | 39.3% | ||
| Q4 24 | 13.0% | 41.3% | ||
| Q3 24 | 20.4% | 39.7% | ||
| Q2 24 | 9.7% | 40.0% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 7.5% | 30.4% | ||
| Q3 25 | 15.1% | 28.6% | ||
| Q2 25 | 6.8% | 30.5% | ||
| Q1 25 | 16.2% | 27.0% | ||
| Q4 24 | 8.5% | 28.8% | ||
| Q3 24 | 13.9% | 27.4% | ||
| Q2 24 | 6.1% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.81 | $3.12 | ||
| Q3 25 | $1.90 | $3.01 | ||
| Q2 25 | $0.68 | $3.15 | ||
| Q1 25 | $2.25 | $2.70 | ||
| Q4 24 | $0.89 | $2.91 | ||
| Q3 24 | $1.69 | $2.75 | ||
| Q2 24 | $0.58 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | $25.8B | — |
| Stockholders' EquityBook value | $24.2B | — |
| Total Assets | $74.6B | $69.6B |
| Debt / EquityLower = less leverage | 1.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $181.0M | $808.0M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $360.0M | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $93.0M | $947.0M | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $25.8B | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | $24.7B | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $24.2B | $18.5B | ||
| Q3 25 | $24.2B | $17.3B | ||
| Q2 25 | $23.8B | $16.3B | ||
| Q1 25 | $23.8B | $16.0B | ||
| Q4 24 | $22.0B | $16.9B | ||
| Q3 24 | $21.9B | $16.6B | ||
| Q2 24 | $21.6B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $74.6B | $69.7B | ||
| Q3 25 | $71.8B | $68.6B | ||
| Q2 25 | $71.5B | $68.6B | ||
| Q1 25 | $70.7B | $68.5B | ||
| Q4 24 | $70.6B | $67.7B | ||
| Q3 24 | $68.6B | $67.6B | ||
| Q2 24 | $67.9B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | 1.13× | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — |
| Free Cash FlowOCF − Capex | — | $631.0M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $504.0M | $2.5B | ||
| Q2 25 | $2.0B | $2.3B | ||
| Q1 25 | $837.0M | $2.2B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $392.0M | $2.7B | ||
| Q2 24 | $1.3B | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | 1.20× | ||
| Q3 25 | 0.73× | 1.41× | ||
| Q2 25 | 8.04× | 1.24× | ||
| Q1 25 | 1.06× | 1.36× | ||
| Q4 24 | 4.23× | 1.51× | ||
| Q3 24 | 0.67× | 1.59× | ||
| Q2 24 | 6.63× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
