📊 EXC Key Takeaways
Is Exelon Corp. (EXC) a Good Investment?
Exelon faces significant financial stress characterized by negative free cash flow (-$634M), high leverage (1.63x debt/equity), and concerning liquidity (current ratio 0.94x below 1.0). Despite stable utility operations and solid operating margins, the company is spending more than it generates from operations, straining its ability to service debt and limiting financial flexibility in a rising rate environment.
Exelon shows solid regulated-utility fundamentals with steady revenue growth, strong operating margins, and good interest coverage, which support earnings resilience. However, flat net income, heavy capital spending that drives negative free cash flow, and elevated leverage limit fundamental upside and keep the profile balanced rather than clearly bullish.
Exelon Corp. Key Strengths (EXC)
- Regulated utility business model with predictable operating cash flow ($1.7B)
- Solid operating margin of 22.2% demonstrates operational efficiency
- Modest revenue growth of 5.3% YoY shows stable demand in core markets
- Stable revenue growth with a solid 21.2% operating margin
- Strong interest coverage of 13.5x supports debt-servicing capacity
- Utility-scale asset base and positive operating cash flow provide earnings durability
EXC Stock Risks: Exelon Corp. Investment Risks
- Negative free cash flow (-$634M) indicates capital expenditure significantly exceeds operational cash generation
- High debt/equity ratio of 1.63x combined with deteriorating returns creates debt sustainability concerns
- Current ratio of 0.94x signals liquidity constraints and potential working capital stress
- Net income flat YoY despite revenue growth suggests margin compression from rising costs or regulatory headwinds
- Extremely low returns on equity (3.1%) and assets (0.8%) indicate poor capital efficiency
- Interest coverage of 4.2x is acceptable but provides limited cushion in higher rate environment
- Negative free cash flow from very high capital expenditures
- High leverage with debt-to-equity of 1.72x and $49.43B in long-term debt
- Tight liquidity with a current ratio of 0.92x leaves less balance-sheet flexibility
Key Metrics to Watch
- Free cash flow trajectory and quarterly operating cash flow adequacy relative to capex
- Debt/equity ratio reduction progress and absolute debt service capability
- Current ratio improvement and working capital position
- Net income growth recovery and margin expansion drivers
- Return on equity and asset trends indicating capital efficiency
- Free cash flow trend relative to capital expenditures
- Net income and operating cash flow growth versus debt levels
Exelon Corp. (EXC) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
EXC Profit Margin, ROE & Profitability Analysis
EXC vs Utilities Sector: How Exelon Corp. Compares
How Exelon Corp. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Exelon Corp. Stock Overvalued? EXC Valuation Analysis 2026
Based on fundamental analysis, Exelon Corp. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Exelon Corp. Balance Sheet: EXC Debt, Cash & Liquidity
EXC Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Exelon Corp.'s revenue has declined by 33% over the 5-year period, indicating business contraction. The most recent EPS of $3.01 reflects profitable operations.
EXC Revenue Growth, EPS Growth & YoY Performance
EXC Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $6.7B | $908.0M | $0.90 |
| Q3 2025 | $6.2B | $391.0M | $0.70 |
| Q2 2025 | $5.4B | $391.0M | $0.39 |
| Q1 2025 | $6.0B | $658.0M | $0.66 |
| Q3 2024 | $6.0B | $343.0M | $0.70 |
| Q2 2024 | $4.8B | $343.0M | $0.34 |
| Q1 2024 | $5.6B | $658.0M | $0.66 |
| Q3 2023 | $4.8B | $343.0M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Exelon Corp. Dividends, Buybacks & Capital Allocation
EXC SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Exelon Corp. (CIK: 0001109357)
📋 Recent SEC Filings
❓ Frequently Asked Questions about EXC
What is the AI rating for EXC?
Exelon Corp. (EXC) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 77% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EXC's key strengths?
Claude: Regulated utility business model with predictable operating cash flow ($1.7B). Solid operating margin of 22.2% demonstrates operational efficiency. ChatGPT: Stable revenue growth with a solid 21.2% operating margin. Strong interest coverage of 13.5x supports debt-servicing capacity.
What are the risks of investing in EXC?
Claude: Negative free cash flow (-$634M) indicates capital expenditure significantly exceeds operational cash generation. High debt/equity ratio of 1.63x combined with deteriorating returns creates debt sustainability concerns. ChatGPT: Negative free cash flow from very high capital expenditures. High leverage with debt-to-equity of 1.72x and $49.43B in long-term debt.
What is EXC's revenue and growth?
Exelon Corp. reported revenue of $7.2B.
Does EXC pay dividends?
Exelon Corp. pays dividends, with $430.0M distributed to shareholders in the trailing twelve months.
Where can I find EXC SEC filings?
Official SEC filings for Exelon Corp. (CIK: 0001109357) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EXC's EPS?
Exelon Corp. has a diluted EPS of $0.90.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is EXC's fundamental grade?
Based on our AI fundamental analysis in June 2026, Exelon Corp. has a C grade with 77% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is EXC stock overvalued or undervalued?
Valuation metrics for EXC: ROE of 3.1% (sector avg: 10%), net margin of 12.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is EXC's AI grade for 2026?
Our dual AI analysis gives Exelon Corp. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is EXC's free cash flow?
Exelon Corp.'s operating cash flow is $1.7B, with capital expenditures of $2.4B. FCF margin is -8.8%.
How does EXC compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 12.7% (avg: 12%), ROE 3.1% (avg: 10%), current ratio 0.94 (avg: 0.8).
Is Exelon Corp. carrying too much debt?
EXC has a debt-to-equity ratio of 1.63x, which is above the Utilities sector average of 1.4x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.