Forensic Analysis · Combined Electric & Other Services · as of Nov 9, 2026

Exelon Corp (EXC)

A forensic read on Exelon Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Clean

Earnings quality

Forensic signals

9.9%

ROE

5.3%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Exelon Corp earns a B (Sound & dependable) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by shareholder returns.

What the filings flag

FCF ($2.3B)

FY2025

Shareholder returns. Returned $1.6B to shareholders (buybacks + dividends) in FY2025, but free cash flow was ($2.3B) after capex — there was no free cash flow to fund the payout from at all, though operating cash flow alone was $6.3B — 26% of that. Capex and the payout together ran $3.9B past operating cash flow — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of. New debt covered it: total debt rose $5.0B over FY2025, while cash rose $269M.

4.2%

FY2025

Return on invested capital. Return on invested capital is 4.2% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.5-point range. After-tax operating profit was $3.5B in FY2023 and $4.3B in FY2025, with operating income at 18.5% of revenue in FY2023, 18.8% in FY2024 and 21.2% in FY2025. The capital base behind it grew +11% across FY2023–FY2025, from $92.9B to $103.3B, and the return did not fall doing it, so the dollars added over that window earned at least the 3.7% the older base was already earning.

Key fundamentals

Latest Revenue$24.26B

Revenue Growth YoY+5.3%

Revenue CAGR (2yr)+5.7%

Net Margin11.4%

Free Cash Flow-$2.27B

Return on Equity9.9%

Debt / Equity1.77x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Exelon Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.