ED vs. FE: Consolidated Edison vs. FirstEnergy Stock Comparison

November 11, 2026

How do Consolidated Edison (ED) and FirstEnergy (FE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Consolidated Edison (ED) and FirstEnergy (FE) both fall under the Utilities industry group, but ED is classified in Multi-Utilities while FE is classified in Electric Utilities.

Company profile comparison for Consolidated Edison (ED) and FirstEnergy (FE)
Profile Item	ED	FE
Name	Consolidated Edison Inc.	FirstEnergy Corp.
Country/Region	United States	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Multi-Utilities	Electric Utilities
GICS Sub-Industry	Multi-Utilities	Electric Utilities
Market Capitalization	44.00 billion USD	26.88 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	November 10, 1997
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GSPC

Consolidated Edison (ED) vs. FirstEnergy (FE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Consolidated Edison (ED) and FirstEnergy (FE). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Consolidated Edison (ED) and FirstEnergy (FE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Total Return (1Y)	24.62%	5.62%
Total Return (3Y, Annualized)	13.82%	14.20%
Total Return (5Y, Annualized)	12.66%	8.32%

Risk Profile

Drawdown History

GSPC

Consolidated Edison (ED) vs. FirstEnergy (FE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Consolidated Edison (ED) and FirstEnergy (FE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Volatility (1Y, Annualized)	17.94%	16.31%
Beta (5Y)	0.23	0.39
Max Drawdown (5Y)	-22.03%	-28.59%
Avg. Volume (3M)	2.21M	4.29M

Risk-Adjusted Performance

Risk-Return Positioning

ED and FE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Sharpe Ratio (1Y)	1.13	0.08
Sortino Ratio (1Y)	1.74	0.11

Profitability

ROE (TTM)

Both Consolidated Edison (ED) at 9.10% and FirstEnergy (FE) at 10.04% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ED

Utilities industry group

9.10%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
ED: 9.10%
Q1: 7.56%
Min: 2.17%

FE

Utilities industry group

10.04%

Max: 17.99%
Q3: 12.01%
FE: 10.04%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Consolidated Edison (ED) at 12.70% keeps about the industry-typical share of revenue as profit, while FirstEnergy (FE) at 7.49% retains only a bottom-quartile share.

ED

Utilities industry group

12.70%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
ED: 12.70%
Q1: 9.18%
Min: -0.20%

FE

Utilities industry group

7.49%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
FE: 7.49%
Min: -0.20%

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Consolidated Edison (ED) at 26.28% and FirstEnergy (FE) at 21.24% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ED

Utilities industry group

26.28%

Max: 53.83%
Q3: 31.12%
ED: 26.28%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

FE

Utilities industry group

21.24%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
FE: 21.24%
Q1: 15.45%
Min: -4.90%

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
ROE (TTM)	9.10%	10.04%
ROA (TTM)	3.33%	3.66%
Net Margin (TTM)	12.70%	7.49%
Operating Margin (TTM)	26.28%	21.24%
Gross Margin (TTM)	53.72%	69.63%

Growth

Revenue Growth

Both Consolidated Edison (ED) at 10.89% and FirstEnergy (FE) at 12.01% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Consolidated Edison (ED) at 7.63% and FirstEnergy (FE) at 3.53% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Revenue Growth (YoY)	10.89%	12.01%
Revenue Growth (3Y CAGR)	2.59%	6.59%
EPS Growth (YoY)	7.63%	3.53%
EPS Growth (3Y CAGR)	6.57%	35.34%

Financial Strength

Current Ratio (MRQ)

Consolidated Edison (ED) at 1.18 carries current ratio above its industry’s typical mid-range, while FirstEnergy (FE) at 0.38 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ED

Utilities industry group

1.18

Max: 1.90
ED: 1.18
Q3: 1.17
Median: 0.88
Q1: 0.66
Min: 0.29

FE

Utilities industry group

0.38

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
FE: 0.38
Min: 0.29

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Consolidated Edison (ED) at 1.06 carries an industry-typical debt-to-equity mix, while FirstEnergy (FE) at 2.07 uses more debt funding than most peers.

ED

Utilities industry group

1.06

Max: 2.63
Q3: 1.77
Median: 1.35
ED: 1.06
Q1: 0.84
Min: 0.00

FE

Utilities industry group

2.07

Max: 2.63
FE: 2.07
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Current Ratio (MRQ)	1.18	0.38
Debt / Equity (MRQ)	1.06	2.07
Net Debt / EBITDA	4.42	5.85

Dividends

Dividend Yield (TTM)

FirstEnergy (FE) at 3.90% delivers top-quartile income for its industry, while Consolidated Edison (ED) at 2.89% pays a more typical yield — both are credible income propositions, FE the richer one.

ED

Utilities industry group

2.89%

Max: 6.66%
Q3: 3.58%
ED: 2.89%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

FE

Utilities industry group

3.90%

Max: 6.66%
FE: 3.90%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Consolidated Edison (ED) at 56.38% pays out a band-typical share of earnings, while FirstEnergy (FE) at 87.92% distributes more than its industry norm — less retained, thinner cover.

ED

Utilities industry group

56.38%

Max: 113.04%
Q3: 68.72%
ED: 56.38%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

FE

Utilities industry group

87.92%

Max: 113.04%
FE: 87.92%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
Dividend Yield (TTM)	2.89%	3.90%
Dividend Payout Ratio (TTM)	56.38%	87.92%

Valuation

P/E Ratio (TTM)

Both Consolidated Edison (ED) at 19.03 and FirstEnergy (FE) at 22.43 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ED

Utilities industry group

19.03

Max: 31.22
Q3: 23.30
Median: 19.64
ED: 19.03
Q1: 15.17
Min: 3.34

FE

Utilities industry group

22.43

Max: 31.22
Q3: 23.30
FE: 22.43
Median: 19.64
Q1: 15.17
Min: 3.34

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Consolidated Edison (ED) at 2.43 and FirstEnergy (FE) at 1.68 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ED

Utilities industry group

2.43

Max: 6.35
Q3: 3.63
Median: 2.63
ED: 2.43
Q1: 1.52
Min: 0.00

FE

Utilities industry group

1.68

Max: 6.35
Q3: 3.63
Median: 2.63
FE: 1.68
Q1: 1.52
Min: 0.00

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Consolidated Edison (ED) at 1.67 and FirstEnergy (FE) at 2.07 are valued close to their industries’ norm against book — neither stands out from peers.

ED

Utilities industry group

1.67

Max: 3.12
Q3: 2.21
Median: 1.83
ED: 1.67
Q1: 1.46
Min: 0.34

FE

Utilities industry group

2.07

Max: 3.12
Q3: 2.21
FE: 2.07
Median: 1.83
Q1: 1.46
Min: 0.34

Consolidated Edison (ED) vs. FirstEnergy (FE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Consolidated Edison (ED) and FirstEnergy (FE)
Metric	ED	FE
P/E Ratio (TTM)	19.03	22.43
P/S Ratio (TTM)	2.43	1.68
P/B Ratio (MRQ)	1.67	2.07
Free Cash Flow Yield (TTM)	-3.05%	-9.48%