Exelon Corporation (EXC) Key Metrics
EXC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $44.82B
- Enterprise value
- $92.78B
- P/E (TTM)
- 16.0 10-yr median 15.4
- Forward P/E
- 13.7
- PEG ratio
- 2.25
- Price / sales
- 1.8 10-yr median 1.3
- Price / book
- 1.5 10-yr median 1.1
- EV / EBITDA
- 9.9 10-yr median 7.4
- Dividend yield
- 3.86% $1.68 a year
- Beta
- 0.40
EXC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEXC valuation Price multiples at each fiscal year-end price.
EXC returns How much profit the business earns on the capital it uses.
EXC per-share figures Results divided by the shares outstanding at year-end.
EXC financial health Debt, liquidity and how easily interest is covered.
EXC efficiency & capital use Working capital cycle and where the cash goes.
EXC valuation history
EXC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EXC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EXC cash returned to shareholders
EXC price vs earnings per share
EXC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $44.11B | $37.75B | $35.79B | $42.67B | $40.37B | $29.42B | $31.67B | $31.17B | $26.68B | $23.47B |
| Enterprise value | $93.52B | $84.04B | $79.36B | $82.31B | $78.43B | $68.09B | $68.88B | $66.35B | $61.15B | $58.74B |
| P/E ratio | 15.9 | 15.3 | 15.4 | 19.7 | 23.7 | 15.0 | 10.8 | 15.5 | 7.1 | 20.7 |
| Price / sales | 1.8 | 1.6 | 1.6 | 2.2 | 2.3 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 |
| Price / book | 1.5 | 1.4 | 1.4 | 1.7 | 1.2 | 0.9 | 1.0 | 1.0 | 0.9 | 0.9 |
| Price / free cash flow | — | — | — | — | — | — | — | 29.7 | — | — |
| Price / operating cash flow | 7.1 | 6.8 | 7.6 | 8.8 | 13.4 | 6.9 | 4.8 | 3.6 | 3.6 | 2.8 |
| EV / sales | 3.9 | 3.6 | 3.7 | 4.3 | 4.4 | 2.1 | 2.0 | 1.8 | 1.8 | 1.9 |
| EV / EBITDA | 10.3 | 10.3 | 10.0 | 11.1 | 7.5 | 6.5 | 6.1 | 7.2 | 5.7 | 6.5 |
| EV / free cash flow | — | — | — | — | — | — | — | 63.2 | — | — |
| Earnings yield | 6.3% | 6.5% | 6.5% | 5.1% | 4.2% | 6.7% | 9.3% | 6.4% | 14.1% | 4.8% |
| Free cash flow yield | −5.2% | −4.0% | −7.6% | −5.3% | −12.3% | −13.0% | −1.9% | 3.4% | −0.3% | −0.6% |
| Dividend yield | 3.7% | 4.0% | 4.0% | 3.1% | 3.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.0% |
| Shareholder yield (dividends + buybacks) | 3.7% | 4.0% | 4.0% | 3.1% | 5.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.8% |
| Share price at fiscal year-end | $43.59 | $37.64 | $35.90 | $43.23 | $41.20 | $30.11 | $32.52 | $32.17 | $28.11 | $25.31 |
| Per share | ||||||||||
| Revenue per share | $23.97 | $22.96 | $21.79 | $19.33 | $18.30 | $33.82 | $35.36 | $37.14 | $35.33 | $33.83 |
| Earnings per share | $2.74 | $2.45 | $2.34 | $2.20 | $1.74 | $2.01 | $3.01 | $2.07 | $3.97 | $1.22 |
| Operating cash flow per share | $6.18 | $5.55 | $4.72 | $4.93 | $3.07 | $4.33 | $6.84 | $8.92 | $7.89 | $9.10 |
| Free cash flow per share | −$2.25 | −$1.52 | −$2.71 | −$2.31 | −$5.07 | −$3.90 | −$0.60 | $1.08 | −$0.10 | −$0.14 |
| Cash per share | $1.14 | $0.36 | $0.45 | $0.41 | $0.69 | $0.68 | $0.60 | $1.39 | $1.16 | $0.69 |
| Book value per share | $28.46 | $26.84 | $25.83 | $25.07 | $35.51 | $33.35 | $33.08 | $31.72 | $31.50 | $27.87 |
| Tangible book value per share | $21.91 | $20.23 | $19.18 | $18.35 | $28.74 | $26.52 | $26.05 | $24.71 | $24.05 | $20.19 |
| Dividends per share | $1.60 | $1.52 | $1.44 | $1.35 | $1.53 | $1.53 | $1.45 | $1.37 | $1.30 | $1.26 |
| Capex per share | $8.43 | $7.08 | $7.43 | $7.24 | $8.14 | $8.24 | $7.44 | $7.84 | $7.99 | $9.24 |
| Debt per share | $49.95 | $46.51 | $44.14 | $40.58 | $39.52 | $40.26 | $38.81 | $37.70 | $37.49 | $38.74 |
| Shares outstanding | 1.01B | 1.00B | 997.0M | 987.0M | 980.0M | 977.0M | 974.0M | 969.0M | 949.0M | 927.0M |
| Change in shares outstanding | +0.9% | +0.6% | +1.0% | +0.7% | +0.3% | +0.3% | +0.5% | +2.1% | +2.4% | +3.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.9% | 9.3% | 9.2% | 7.3% | 5.1% | 6.1% | 9.3% | 6.6% | 13.5% | 4.4% |
| Return on invested capital (ROIC) | 5.7% | 5.6% | 5.2% | 4.1% | 3.6% | 3.4% | 5.1% | 5.7% | 7.0% | 3.7% |
| Return on assets (ROA) | 2.5% | 2.3% | 2.4% | 1.9% | 1.3% | 1.5% | 2.4% | 1.7% | 3.3% | 1.1% |
| Return on tangible assets | 2.5% | 2.4% | 2.4% | 2.4% | 1.3% | 1.6% | 2.5% | 1.8% | 3.4% | 1.1% |
| Free cash flow margin | −9.4% | −6.6% | −12.4% | −11.9% | −27.7% | −11.5% | −1.7% | 2.9% | −0.3% | −0.4% |
| Income quality (OCF / net income) | 2.26 | 2.26 | 2.02 | 2.24 | 1.77 | 2.16 | 2.27 | 4.30 | 1.99 | 7.44 |
| Financial health | ||||||||||
| Total debt | $50.55B | $46.65B | $44.01B | $40.05B | $38.73B | $39.33B | $37.80B | $36.53B | $35.58B | $35.91B |
| Cash & short-term investments | $1.15B | $357.0M | $445.0M | $407.0M | $672.0M | $663.0M | $587.0M | $1.35B | $1.10B | $635.0M |
| Net debt | $49.40B | $46.29B | $43.56B | $39.64B | $38.05B | $38.67B | $37.21B | $35.18B | $34.48B | $35.28B |
| Debt / equity | 1.76 | 1.73 | 1.71 | 1.62 | 1.11 | 1.21 | 1.17 | 1.19 | 1.19 | 1.39 |
| Debt / assets | 0.43 | 0.43 | 0.43 | 0.42 | 0.29 | 0.30 | 0.30 | 0.31 | 0.30 | 0.31 |
| Net debt / EBITDA | 5.45 | 5.66 | 5.49 | 5.37 | 3.62 | 3.68 | 3.27 | 3.84 | 3.20 | 3.88 |
| Current ratio | 0.92 | 0.87 | 0.82 | 0.69 | 0.87 | 0.98 | 0.85 | 1.17 | 1.10 | 0.92 |
| Quick ratio | 0.84 | 0.78 | 0.74 | 0.62 | 0.83 | 0.85 | 0.72 | 1.02 | 0.94 | 0.80 |
| Interest coverage | 2.4 | 2.3 | 2.3 | 2.3 | 2.1 | 1.7 | 2.7 | 2.5 | 2.8 | 2.1 |
| Working capital | −$785.0M | −$1.23B | −$1.81B | −$3.27B | −$2.15B | −$209.0M | −$2.15B | $1.92B | $1.04B | −$1.04B |
| Invested capital | $78.20B | $73.21B | $69.32B | $64.39B | $72.85B | $71.25B | $69.44B | $65.92B | $64.37B | $61.12B |
| Tangible asset value | $22.17B | $20.29B | $19.12B | $18.11B | $28.16B | $28.19B | $27.72B | $26.25B | $25.11B | $20.49B |
| Net current asset value | −$78.23B | −$72.48B | −$68.01B | −$63.27B | −$84.26B | −$81.89B | −$78.37B | −$73.26B | −$72.75B | −$74.88B |
| Graham number | $41.85 | $38.49 | $36.84 | $35.22 | $37.29 | $38.83 | $47.37 | $38.48 | $53.06 | $27.70 |
| Graham net-net per share | −$81.40 | −$77.03 | −$72.95 | −$68.03 | −$97.05 | −$91.56 | −$86.55 | −$82.56 | −$82.69 | −$88.26 |
| Capital allocation | ||||||||||
| Dividends paid | $1.62B | $1.52B | $1.43B | $1.33B | $1.50B | $1.49B | $1.41B | $1.33B | $1.24B | $1.17B |
| Share buybacks (net) | — | — | $0 | $0 | $805.0M | $0 | $0 | $0 | $0 | $190.0M |
| Dividend payout ratio | 58.4% | 62.0% | 61.6% | 61.5% | 87.7% | 76.0% | 48.0% | 66.3% | 32.8% | 102.8% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 126.9% | — | — |
| Capex / revenue | 35.2% | 30.8% | 34.1% | 37.5% | 44.5% | 24.4% | 21.0% | 21.1% | 22.6% | 27.3% |
| Capex / operating cash flow | 136.4% | 127.4% | 157.5% | 146.8% | 265.0% | 190.0% | 108.8% | 87.9% | 101.2% | 101.6% |
| Capex / depreciation | 2.34 | 1.97 | 2.11 | 2.02 | 1.24 | 1.23 | 1.25 | 1.41 | 1.40 | 1.54 |
| Stock-based compensation / revenue | — | — | 0.1% | 0.2% | −3.6% | −1.1% | −0.8% | 0.6% | 0.6% | 0.6% |
| SG&A / revenue | — | — | — | 7.3% | 9.8% | 5.2% | 5.0% | 5.0% | 5.2% | 0.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.5 | 56.4 | 58.1 | 61.5 | 76.2 | 59.7 | 63.8 | 58.0 | 59.5 | 55.0 |
| Days of inventory on hand | 18.0 | 22.2 | 22.2 | 22.1 | 38.4 | 27.1 | 26.1 | 23.4 | 24.8 | 25.8 |
| Days payables outstanding | 70.1 | 78.2 | 88.8 | 95.2 | 99.2 | 55.3 | 55.7 | 51.5 | 52.7 | 50.9 |
| Cash conversion cycle (days) | 14.4 | 0.3 | -8.5 | -11.6 | 15.5 | 31.5 | 34.2 | 30.0 | 31.7 | 29.9 |
| Receivables turnover | 5.49 | 6.47 | 6.28 | 5.94 | 4.79 | 6.12 | 5.72 | 6.29 | 6.13 | 6.63 |
| Payables turnover | 5.21 | 4.67 | 4.11 | 3.83 | 3.68 | 6.60 | 6.55 | 7.09 | 6.93 | 7.18 |
| Inventory turnover | 20.32 | 16.47 | 16.45 | 16.54 | 9.49 | 13.47 | 13.97 | 15.59 | 14.69 | 14.16 |
| Asset turnover | 0.22 | 0.22 | 0.22 | 0.17 | 0.14 | 0.26 | 0.28 | 0.30 | 0.29 | 0.30 |
| Average receivables | $4.42B | $3.56B | $3.46B | $3.21B | $3.75B | $5.40B | $6.02B | $5.72B | $5.47B | $4.73B |
| Average payables | $3.36B | $2.92B | $3.11B | $2.88B | $2.97B | $3.56B | $3.68B | $3.67B | $3.49B | $3.16B |
| Average inventory | $860.5M | $827.0M | $778.0M | $668.0M | $1.15B | $1.75B | $1.73B | $1.67B | $1.64B | $1.60B |
| Intangibles / total assets | 5.7% | 6.2% | 6.5% | 7.0% | 5.0% | 5.2% | 5.5% | 5.7% | 6.1% | 6.2% |
Computed from EXC's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EXC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Exelon traded at 15.9 times earnings, against a 10-year median of 15.4. Based on the latest twelve months, the trailing P/E is 16.0 and the forward P/E is 13.7. Exelon earned a return on equity of 9.9% and a return on invested capital of 5.7% in fiscal 2025. It ended the year with $50.6 billion of debt and $1.2 billion in cash and short-term investments, net debt of $49.4 billion. It returned $1.6 billion to shareholders: $1.6 billion in dividends and $0 in share buybacks. The share count rose 9.2% from 927.0M to 1.01B over 9 years.
See the EXC income statement, the EXC chart for price history, or the EXC stock overview for the latest quote and news.
EXC key metrics FAQ
What is Exelon's P/E ratio?
Exelon's trailing P/E ratio is 16.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 13.7. At the end of fiscal 2025 it was 15.9, compared with a 10-year median of 15.4.
What is Exelon's EV/EBITDA?
Exelon's enterprise value was 10.3 times EBITDA at the end of fiscal 2025 (enterprise value $93.5 billion, EBITDA $9.1 billion); the current EV/EBITDA is 9.9.
What is Exelon's return on equity?
Exelon's return on equity (ROE) was 9.9% in fiscal 2025: net income of $2.8 billion on average shareholders' equity of $27.9 billion.
What is Exelon's ROIC?
Exelon's return on invested capital was 5.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Exelon have?
Exelon had total debt of $50.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.76 and $49.4 billion of net debt (5.45 times EBITDA).
What is Exelon's dividend yield?
Exelon's forward dividend yield is 3.86%. Exelon paid $1.6 billion in dividends in fiscal 2025 ($1.60 per share), a payout ratio of 58.4%.
What is Exelon's free cash flow yield?
Exelon generated -$2.3 billion of free cash flow in fiscal 2025, a free cash flow yield of −5.2% on its market value at year-end ($44.1 billion).
What is Exelon's current ratio?
Exelon's current ratio was 0.92 at the end of fiscal 2025: current assets were 0.92 times current liabilities.
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