SO vs CEG vs ED Stock Comparison

Southern, Constellation Energy and Consolidated Edison Prices as of Oct 26, 2026 Peers: Industry group
SO Southern Co
$92.56 +11.7% 1M -3.5% 1Y
Market cap
$104.96B
P/E
22.5x
Revenue (TTM)
$30.18B
Div. yield
0.03%
Regulated Electric Utilities Utilities
4 wins
ED Consolidated Edison Inc
$115.44 +11.9% 1M +15.4% 1Y
Market cap
$42.49B
P/E
21.0x
Revenue (TTM)
$17.69B
Div. yield
0.03%
Regulated Electric Utilities Utilities
6 wins

Head to Head

12 decided of 12

Consolidated Edison leads on 6 of the 12 questions below (Consolidated Edison 6, Southern 4, Constellation Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSOCEGEDLeader
Larger companyMarket capitalisation $104.96B $93.18B $42.49B SO
Cheaper on earningsLower P/E, profitable companies only 22.5x 26.9x 21.0x ED
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.1x 20.5x 18.2x ED
Faster revenue growthRevenue growth, trailing twelve months +6.4% +26.0% +9.5% CEG
More profitableNet margin, trailing twelve months 15.4% 11.1% 11.5% SO
Better return on capitalReturn on invested capital 5.1% 5.5% 9.1% ED
Less leveragedLower net debt / EBITDA 5.3x 2.9x -0.1x ED
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.03% SO
Better 1-year returnPrice return, last 12 months -3.5% -35.1% +15.4% ED
Better 5-year returnAnnualised price return, 5 years +8.1%/yr — +8.7%/yr ED
Less volatileAnnualised volatility, 1 year 17.9% 48.6% 18.0% SO
Higher overall scoreMean of the five percentile scores vs peers 43/100 69/100 53/100 CEG

Percentile Scorecard

SOCEGED

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSOCEGED
Valuation 36 #43 of 67 57 #11 of 24 80 #14 of 67
Growth 53 #31 of 65 96 #2 of 23 30 #46 of 65
Profitability 78 #15 of 64 86 #4 of 23 33 #43 of 64
Financial Health 35 #42 of 64 48 #13 of 24 89 #8 of 64
Shareholder Returns 15 #57 of 67 58 #9 of 20 33 #45 of 67
Overall 43 69 53
  • SO ranked among 67 companies in Regulated Utilities
  • CEG ranked among 24 companies in Power Generation
  • ED ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSOCEGEDSPY
1 month +11.7%-4.1%+11.9% -0.8%
3 months -4.1%-6.5%+3.6% +3.5%
6 months -1.3%-19.9%+6.1% +7.0%
Year to date +6.1%-28.5%+16.2% +12.2%
1 year -3.5%-35.1%+15.4% +13.0%
3 years +39.1%+127.9%+32.0% +86.3%
3 years, per year +11.6%+31.6%+9.7% +23.1%
5 years +47.8%—+51.9% +68.6%
5 years, per year +8.1%—+8.7% +11.0%
10 years +81.6%—+56.3% +258.0%
10 years, per year +6.1%—+4.6% +13.6%

Risk

MeasureSOCEGEDSPY
Volatility, 1Y 17.9%48.6%18.0% 12.7%
Downside volatility, 1Y 17.5%50.1%17.7% 12.7%
Beta vs S&P 500, 1Y -0.231.44-0.51 1.00
Return / volatility, 1Y -0.19-0.720.85 1.02
Max drawdown, 5Y -23.3%-50.8%-22.0% -25.4%
From 52-week high -6.6%-37.1%-0.7% -1.8%
52-week high $99.11$401.43$116.25 $779.14
52-week low $82.35$236.50$95.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSOCEGED
P/E now vs peer median 22.6xmedian 20.8x 26.2xmedian 24.4x 21.0xmedian 20.8x
P/S now vs peer median 3.5xmedian 2.9x 2.9xmedian 2.7x 2.4xmedian 2.9x
EV/EBITDA now vs peer median 13.1xmedian 13.1x 13.7xmedian 11.3x 7.6xmedian 13.1x
P/FCF now vs peer median -32.6xmedian 36.7x 290.1xmedian 12.9x -49.5xmedian 36.7x
P/B now vs peer median 2.5xmedian 1.7x 2.8xmedian 2.1x 1.7xmedian 1.7x
PEG now vs peer median 0.71median 2.23 0.44median 0.59 -2.55median 2.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSOCEGED
Revenue $30.18B $31.27B $17.69B
Gross profit $25.14B – $9.44B
Operating income $7.31B $4.60B $3.18B
Net income $4.66B $3.48B $2.22B
Free cash flow -$3.27B $309.00M -$862.00M
EPS (diluted) $4.08 $9.63 $5.48
Cash & equivalents $2.98B $697.00M $1.47B
Total debt $295.00B $24.70B $5.26B
Shares (diluted) 1.14B 360.00M 370.00M
Enterprise value $96.01B $84.08B $39.06B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSOCEGED
P/E 22.6x 26.2x 21.0x
P/FCF -32.6x 290.1x -49.5x
P/Operating cash flow 10.0x 21.3x 10.8x
P/S 3.5x 2.9x 2.4x
P/B 2.5x 2.8x 1.7x
P/Tangible book 2.5x 2.8x 1.7x
EV/EBITDA 13.1x 13.7x 7.6x
EV/EBIT 24.5x 24.7x 13.3x
EV/Revenue 5.9x 3.6x 2.4x
EV/FCF -54.8x 367.7x -48.9x
EV/Operating cash flow 16.8x 27.0x 10.7x
PEG (3Y EPS CAGR) 0.71 0.44 -2.55

Growth

14 metrics
MetricSOCEGED
Revenue growth (1Y) 6.4% 26.0% 9.5%
Revenue CAGR (3Y) 3.0% 5.8% 4.4%
Gross profit growth (1Y) 5.3% – 9.4%
Gross profit CAGR (3Y) 1.6% – 7.5%
Operating income growth (1Y) 1.5% 19.7% 12.9%
Operating income CAGR (3Y) 14.7% 111.3% -2.8%
Net income growth (1Y) 8.7% 15.2% 14.6%
Net income CAGR (3Y) 16.2% 66.0% -3.5%
EPS growth (1Y) 5.6% 0.4% 2.4%
EPS CAGR (3Y) 31.9% 59.2% -8.2%
Operating cash flow growth (1Y) 15.5% 822.4% -12.5%
Operating cash flow CAGR (3Y) 23.7% 42.4% 8.0%
Free cash flow growth (1Y) -152.2% 112.9% -210.1%
Free cash flow CAGR (3Y) -3.1% 26.9% 12.8%

Profitability

14 metrics
MetricSOCEGED
Gross margin 83.3% – 53.4%
EBITDA margin 45.2% 26.4% 31.6%
Operating margin 24.2% 14.7% 18.0%
Pretax margin 17.4% 16.3% 16.4%
Net margin 15.4% 11.1% 11.5%
FCF margin -10.8% 1.0% -4.9%
Operating cash flow margin 35.3% 13.5% 22.4%
Return on equity 9.2% 10.6% 8.6%
Return on assets 2.9% 3.6% 2.9%
Return on invested capital 5.1% 5.5% 9.1%
Return on capital employed 5.1% 5.4% 4.5%
Asset turnover 0.2x 0.3x 0.2x
Cash conversion (OCF / net income) 2.3x 1.2x 1.8x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricSOCEGED
Debt / assets 46.6% 25.1% 1.3%
Debt / equity 1.8x 0.8x 0.0x
Net debt / EBITDA 5.3x 2.9x -0.1x
Debt / FCF -23.1x 79.9x -1.1x
Liabilities / assets 73.9% 67.5% 66.4%
Equity / assets 26.1% 32.5% 33.6%
Interest coverage 2.3x 5.9x 2.6x
Current ratio 0.8x 1.5x 1.3x
Quick ratio 0.4x 0.6x 0.8x
Cash ratio 0.2x 0.1x 0.3x
Altman Z-score – 1.47 1.18

Shareholder Returns

7 metrics
MetricSOCEGED
Dividend yield 3.2% 0.7% 3.0%
Net buyback yield – – -2.2%
Shareholder yield 3.2% 0.7% 0.8%
Payout ratio (earnings) 66.6% – 54.8%
Payout ratio (FCF) -94.8% – -140.8%
Dividend growth (1Y) 4.7% – 7.7%
Dividend CAGR (3Y) 1.2% – 3.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSOCEGED
Forward P/E 19.1xFY2026 20.5xFY2026 18.2xFY2026
EPS, next fiscal year $4.85FY2026 $12.32FY2026 $6.36FY2026
EPS growth, next FY +12.8%FY2026 +31.2%FY2026 +11.6%FY2026
EPS growth, the year after -3.1% +12.8% -2.2%
Revenue, next fiscal year $31.53BFY2026 $31.63BFY2026 $16.77BFY2026
Revenue growth, next FY +6.7%FY2026 +23.9%FY2026 -0.9%FY2026
Revenue growth, the year after +8.8% +7.4% +6.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSOCEGED
Held by institutions 72.5% 79.8% 76.0%
Institutions holding 2,363 1,843 1,431
Change in shares held, QoQ +5.7% +2.9% +6.7%
Institutions buying 1,248 1,002 755
Institutions selling 724 579 385
Buyers to sellers 1.72 1.73 1.96

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SOCEGED
SO 1.00 0.09 0.77
CEG 0.09 1.00 -0.12
ED 0.77 -0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SO, CEG and ED?

Southern (SO) is the largest by market capitalisation: Southern (SO) $104.96B, Constellation Energy (CEG) $93.18B, Consolidated Edison (ED) $42.49B.

Which stock is cheaper, SO, CEG and ED?

Consolidated Edison (ED) trades on the lowest price-to-earnings ratio (Southern (SO) 22.5x, Constellation Energy (CEG) 26.9x, Consolidated Edison (ED) 21.0x). On next year's consensus earnings, Consolidated Edison (ED) is cheapest (Southern (SO) 19.1x, Constellation Energy (CEG) 20.5x, Consolidated Edison (ED) 18.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Constellation Energy (CEG) grew revenue fastest over the trailing twelve months: Southern (SO) +6.4%, Constellation Energy (CEG) +26.0%, Consolidated Edison (ED) +9.5%.

Which company is more profitable?

Southern (SO) has the highest net margin (Southern (SO) 15.4%, Constellation Energy (CEG) 11.1%, Consolidated Edison (ED) 11.5%). On return on invested capital, Consolidated Edison (ED) leads (Southern (SO) 5.1%, Constellation Energy (CEG) 5.5%, Consolidated Edison (ED) 9.1%).

Which stock has performed better?

Over the past year Consolidated Edison (ED) returned the most: Southern (SO) -3.5%, Constellation Energy (CEG) -35.1%, Consolidated Edison (ED) +15.4%. Over five years, Consolidated Edison (ED) compounded fastest (Southern (SO) +8.1%/yr, Consolidated Edison (ED) +8.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Southern (SO) has the highest dividend yield: Southern (SO) 0.03%, Constellation Energy (CEG) 0.00%, Consolidated Edison (ED) 0.03%. Constellation Energy (CEG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Southern (SO) has been the steadiest (Southern (SO) 17.9%, Constellation Energy (CEG) 48.6%, Consolidated Edison (ED) 18.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SO, CEG and ED?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Consolidated Edison (ED) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.