Consolidated Edison Inc (ED)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,820,000 | 2,519,000 | 1,660,000 | 1,346,000 | 1,101,000 |
| Total stockholders’ equity | US$ in thousands | 21,961,000 | 21,158,000 | 20,687,000 | 20,037,000 | 18,847,000 |
| ROE | 8.29% | 11.91% | 8.02% | 6.72% | 5.84% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,820,000K ÷ $21,961,000K
= 8.29%
Consolidated Edison Inc's return on equity (ROE) has shown a positive trend over the period from December 31, 2020, to December 31, 2024.
Starting at 5.84% in 2020, the ROE increased to 6.72% in 2021, indicating an improvement in the company's profitability in utilizing shareholders' equity to generate earnings.
The trend continued with a further increase to 8.02% in 2022 and a significant jump to 11.91% in 2023, showcasing a strong performance in generating profits relative to shareholders' investment.
However, there was a slight decline in ROE to 8.29% by the end of 2024. Despite the decrease, the ROE remained at a relatively high level compared to the starting point.
Overall, the increasing trend in ROE indicates that Consolidated Edison Inc has been efficiently utilizing its equity to generate returns for shareholders, although there was a slight dip in the most recent period.
Peer comparison
Dec 31, 2024