EXELON CORP
EXC · Electric & Other Services Combined · 1.02B shares · +1%/yr ↑ dilution · EDGAR filings ↗
Reference price $40.57 · est. market cap ~$41.5B — last insider sale, 2025-02-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C65Large regulated electric utility with mid-pack returns and capex-driven negative free cash flow.
Strengths
- Net income growth 12.5% (73.7 pct) and ROE 9.6% (62.5 pct) above sector median
- Operating margin 21.2% (64.7 pct) and ample cash (88.2 pct) within a stable regulated model
Risks
- ROA 2.4% (36.8 pct) and negative FCF (-$2.3B, 18.2 pct) with short cash runway (1.6 quarters)
- Elevated leverage (D/E 1.7, 76.9 pct); revenue growth only 26.7 pct
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-2275.0M)
- Weak liquidityCurrent ratio 0.92 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
21.2%
Net margin
11.4%
Return on equity
9.6%
Return on assets
2.4%
ROIC
5.2%
Revenue growth (QoQ)
33.8%
Net-income growth
12.5%
Debt / equity
1.7×
Net debt / EBITDA
5.5×
Current ratio
0.9×
Free cash flow
-$2.3B
EBITDA
$8.8B
Tangible book value
$22.2B
Cash & investments
$938M
Cash runway
2q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-31 | Lillie Charisse R | Grant | 878 | $49.82 |
| 2026-03-31 | Segedi Bryan K | Grant | 878 | $49.82 |
| 2026-03-31 | Cheshire Marjorie Rodgers | Grant | 878 | $49.82 |
| 2026-03-31 | Jojo Linda P | Grant | 878 | $49.82 |
| 2026-03-31 | DEWALT DAVID G | Grant | 878 | $49.82 |
| 2026-03-31 | Rogers Matthew C | Grant | 878 | $49.82 |
| 2026-03-31 | BOWERS WILLIAM P | Grant | 878 | $49.82 |
| 2026-03-31 | RICHO ANNA | Grant | 878 | $49.82 |
| 2026-02-02 | Kleczynski Robert A | Option exercise | 1.5K | — |
| 2026-02-02 | Kleczynski Robert A | Option exercise | 1.7K | — |
| 2026-02-02 | Kleczynski Robert A | Option exercise | 2.1K | — |
| 2026-02-02 | Kleczynski Robert A | Option exercise | 7.0K | — |
| 2026-02-02 | Kleczynski Robert A | Tax withheld | 3.8K | $43.91 |
| 2026-02-02 | Kleczynski Robert A | Disposition | 5.0K | $43.91 |
| 2026-02-02 | Jones Jeanne M | Option exercise | 5.2K | — |
| 2026-02-02 | Jones Jeanne M | Option exercise | 6.5K | — |
| 2026-02-02 | Jones Jeanne M | Option exercise | 7.0K | — |
| 2026-02-02 | Jones Jeanne M | Option exercise | 25K | — |
| 2026-02-02 | Jones Jeanne M | Tax withheld | 16K | $43.91 |
| 2026-02-02 | Jones Jeanne M | Disposition | 7.2K | $43.91 |
| 2026-02-02 | Honorable Colette D | Option exercise | 3.9K | — |
| 2026-02-02 | Honorable Colette D | Option exercise | 4.8K | — |
| 2026-02-02 | Honorable Colette D | Tax withheld | 3.2K | $43.91 |
| 2026-02-02 | Innocenzo Michael | Option exercise | 2.4K | — |
| 2026-02-02 | Innocenzo Michael | Option exercise | 5.7K | — |
| 2026-02-02 | Innocenzo Michael | Option exercise | 7.7K | — |
| 2026-02-02 | Innocenzo Michael | Option exercise | 12K | — |
| 2026-02-02 | Innocenzo Michael | Tax withheld | 9.5K | $43.91 |
| 2026-02-02 | Innocenzo Michael | Disposition | 7.2K | $43.91 |
| 2026-02-02 | BUTLER CALVIN JR | Option exercise | 24K | — |
| 2026-02-02 | BUTLER CALVIN JR | Option exercise | 32K | — |
| 2026-02-02 | BUTLER CALVIN JR | Option exercise | 31K | — |
| 2026-02-02 | BUTLER CALVIN JR | Option exercise | 112K | — |
| 2026-02-02 | BUTLER CALVIN JR | Tax withheld | 82K | $43.91 |
| 2026-02-02 | BUTLER CALVIN JR | Disposition | 32K | $43.91 |
| 2025-12-31 | Rogers Matthew C | Grant | 940 | $43.87 |
| 2025-12-31 | Lillie Charisse R | Grant | 940 | $43.87 |
| 2025-12-31 | Segedi Bryan K | Grant | 940 | $43.87 |
| 2025-12-31 | Cheshire Marjorie Rodgers | Grant | 940 | $43.87 |
| 2025-12-31 | Jojo Linda P | Grant | 940 | $43.87 |
| 2025-12-31 | DEWALT DAVID G | Grant | 940 | $43.87 |
| 2025-12-31 | BOWERS WILLIAM P | Grant | 940 | $43.87 |
| 2025-12-31 | RICHO ANNA | Grant | 940 | $43.87 |
| 2025-09-30 | Rogers Matthew C | Grant | 950 | $43.43 |
| 2025-09-30 | Lillie Charisse R | Grant | 950 | $43.43 |
| 2025-09-30 | Segedi Bryan K | Grant | 950 | $43.43 |
| 2025-09-30 | BOWERS WILLIAM P | Grant | 950 | $43.43 |
| 2025-09-30 | Cheshire Marjorie Rodgers | Grant | 950 | $43.43 |
| 2025-09-30 | Jojo Linda P | Grant | 950 | $43.43 |
| 2025-09-30 | DEWALT DAVID G | Grant | 950 | $43.43 |
| 2025-09-30 | RICHO ANNA | Grant | 950 | $43.43 |
| 2025-06-30 | DEWALT DAVID G | Grant | 954 | $43.25 |
| 2025-06-30 | Segedi Bryan K | Grant | 954 | $43.25 |
| 2025-06-30 | Rogers Matthew C | Grant | 954 | $43.25 |
| 2025-06-30 | RICHO ANNA | Grant | 954 | $43.25 |
| 2025-06-30 | Lillie Charisse R | Grant | 954 | $43.25 |
| 2025-06-30 | Jojo Linda P | Grant | 954 | $43.25 |
| 2025-06-30 | Cheshire Marjorie Rodgers | Grant | 954 | $43.25 |
| 2025-06-30 | BOWERS WILLIAM P | Grant | 954 | $43.25 |
| 2025-03-31 | BOWERS WILLIAM P | Grant | 933 | $44.19 |
| 2025-03-31 | YOUNG JOHN F | Grant | 933 | $44.19 |
| 2025-03-31 | Segedi Bryan K | Grant | 933 | $44.19 |
| 2025-03-31 | Rogers Matthew C | Grant | 933 | $44.19 |
| 2025-03-31 | RICHO ANNA | Grant | 933 | $44.19 |
| 2025-03-31 | Lillie Charisse R | Grant | 933 | $44.19 |
| 2025-03-31 | Jojo Linda P | Grant | 933 | $44.19 |
| 2025-03-31 | DEWALT DAVID G | Grant | 228 | $44.19 |
| 2025-03-31 | Cheshire Marjorie Rodgers | Grant | 933 | $44.19 |
| 2025-02-25 | Kleczynski Robert A | Option exercise | 22K | — |
| 2025-02-25 | Kleczynski Robert A | Tax withheld | 9.1K | $44.04 |
| 2025-02-03 | Jones Jeanne M | Option exercise | 6.5K | — |
| 2025-02-03 | Jones Jeanne M | Tax withheld | 5.8K | $40.57 |
| 2025-02-03 | Jones Jeanne M | Disposition | 2.3K | $40.57 |
| 2025-02-03 | Innocenzo Michael | Option exercise | 2.3K | — |
| 2025-02-03 | Innocenzo Michael | Option exercise | 2.3K | — |
| 2025-02-03 | Innocenzo Michael | Option exercise | 5.5K | — |
| 2025-02-03 | Innocenzo Michael | Option exercise | 11K | — |
| 2025-02-03 | Innocenzo Michael | Tax withheld | 6.7K | $40.57 |
| 2025-02-03 | Innocenzo Michael | Disposition | 3.7K | $40.57 |
| 2025-02-03 | Honorable Colette D | Option exercise | 3.7K | — |
| 2025-02-03 | Glockner David | Disposition | 6.1K | $40.57 |
| 2025-02-03 | Glockner David | Option exercise | 4.0K | — |
| 2025-02-03 | Glockner David | Option exercise | 4.0K | — |
| 2025-02-03 | Glockner David | Option exercise | 4.6K | — |
| 2025-02-03 | Glockner David | Option exercise | 18K | — |
| 2025-02-03 | Glockner David | Tax withheld | 10K | $40.57 |
| 2025-02-03 | Glockner David | Sell | 6.1K | $40.57 |
| 2025-02-03 | BUTLER CALVIN JR | Option exercise | 9.1K | — |
| 2025-02-03 | BUTLER CALVIN JR | Option exercise | 23K | — |
| 2025-02-03 | BUTLER CALVIN JR | Option exercise | 31K | — |
| 2025-02-03 | BUTLER CALVIN JR | Option exercise | 42K | — |
| 2025-02-03 | BUTLER CALVIN JR | Tax withheld | 41K | $40.57 |
| 2025-02-03 | BUTLER CALVIN JR | Disposition | 12K | $40.57 |
| 2025-02-03 | Honorable Colette D | Sell | 1.5K | $40.57 |
| 2025-02-03 | Honorable Colette D | Tax withheld | 1.5K | $40.57 |
| 2025-02-03 | Kleczynski Robert A | Option exercise | 1.2K | — |
| 2025-02-03 | Kleczynski Robert A | Option exercise | 1.4K | — |
| 2025-02-03 | Kleczynski Robert A | Option exercise | 1.6K | — |
| 2025-02-03 | Kleczynski Robert A | Option exercise | 5.7K | — |
| 2025-02-03 | Kleczynski Robert A | Tax withheld | 3.1K | $40.57 |
| 2025-02-03 | Kleczynski Robert A | Disposition | 2.0K | $40.57 |
| 2025-02-03 | Jones Jeanne M | Option exercise | 1.4K | — |
| 2025-02-03 | Jones Jeanne M | Option exercise | 5.0K | — |
| 2025-02-03 | Jones Jeanne M | Option exercise | 6.3K | — |
| 2024-12-31 | YOUNG JOHN F | Grant | 1.1K | $36.87 |
| 2024-12-31 | Segedi Bryan K | Grant | 1.1K | $36.87 |
| 2024-12-31 | Rogers Matthew C | Grant | 1.1K | $36.87 |
| 2024-12-31 | RICHO ANNA | Grant | 1.1K | $36.87 |
| 2024-12-31 | Lillie Charisse R | Grant | 1.1K | $36.87 |
| 2024-12-31 | Jojo Linda P | Grant | 1.1K | $36.87 |
| 2024-12-31 | Cheshire Marjorie Rodgers | Grant | 1.1K | $36.87 |
| 2024-12-31 | BOWERS WILLIAM P | Grant | 1.1K | $36.87 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-06 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-30 | Shareholder vote | filing ↗ |
| 2026-04-16 | Reg FDOtherExhibits | filing ↗ |
| 2026-02-20 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-12 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-03 | Exec/director change | filing ↗ |
| 2025-12-04 | Material agreementDebt obligation3.02OtherExhibits | filing ↗ |
| 2025-11-26 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-06 | 2026-05-06 | 0001109357-26-000061 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001109357-26-000063 ↗ |
| 8-K | 2026-04-30 | 2026-04-28 | 0001109357-26-000053 ↗ |
| 8-K | 2026-04-16 | 2026-04-13 | 0001109357-26-000046 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001109357-26-000021 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001109357-26-000014 ↗ |
| 10-K | 2026-02-12 | 2025-12-31 | 0001109357-26-000018 ↗ |
| 8-K/A | 2026-02-03 | 2026-02-03 | 0001109357-26-000004 ↗ |
| 8-K | 2025-12-04 | 2025-12-04 | 0001109357-25-000198 ↗ |
| 8-K | 2025-11-26 | 2025-11-24 | 0001109357-25-000195 ↗ |
| 8-K | 2025-11-24 | 2025-11-18 | 0001109357-25-000192 ↗ |
| 8-K | 2025-11-18 | 2025-11-18 | 0001109357-25-000186 ↗ |