---
title: "Consolidated Edison: Business Model"
description: "Consolidated Edison revenue by product line from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/consolidated-edison/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Consolidated Edison: Business Model & Revenue Engine



## Direct Answer

Consolidated Edison reports revenue across 4 product and service lines in its fiscal 2025 Form 10-K. Electricity is the largest, with $12.6 billion of revenue (74% of the total), followed by Oil and Gas Purchased at $3.6 billion (21%).

## How Does Consolidated Edison Make Money?

Electricity supplies 74% of revenue, so Consolidated Edison's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Steam grew fastest (+21.6%) and Non Utility Products and Services slowest (+0.0%), so the revenue mix tilts toward Steam while that gap lasts.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Electricity | $12.6 billion | $11.6 billion | 74.5% | 8.9% |
| Oil and Gas Purchased | $3.6 billion | $3.1 billion | 21.3% | 16.2% |
| Steam | $703 million | $578 million | 4.2% | 21.6% |
| Non Utility Products and Services | $3 million | $3 million | 0.0% | 0.0% |

![Bar chart of Consolidated Edison revenue by product line for fiscal 2025: Electricity 74.5%, Oil and Gas Purchased 21.3%, Steam 4.2%, Non Utility Products and Services 0.0%.](https://www.getswoopr.com/images/charts/consolidated-edison-business-model-segment-mix.webp)
*Consolidated Edison revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Consolidated Edison's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Consolidated Edison reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0001047862-26-000031), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Consolidated Edison's main products and services?

In its fiscal 2025 Form 10-K, Consolidated Edison reports revenue for Electricity, Oil and Gas Purchased, Steam and Non Utility Products and Services.

### Which part of Consolidated Edison brings in the most revenue?

Electricity, with $12.6 billion of revenue in fiscal 2025, or 74% of the total.

### Where does Consolidated Edison report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 19, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: CONSOLIDATED EDISON INC Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/1047862/000104786226000031/ed-20251231.htm)
- [SEC EDGAR: CONSOLIDATED EDISON INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1047862&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Consolidated Edison company dossier](https://www.getswoopr.com/stocks/companies/consolidated-edison/)
- [Consolidated Edison financial metrics](https://www.getswoopr.com/stocks/companies/consolidated-edison/metrics/)
- [Consolidated Edison financial risk indicators](https://www.getswoopr.com/stocks/companies/consolidated-edison/risks/)
- [Consolidated Edison peer comparison](https://www.getswoopr.com/stocks/companies/consolidated-edison/competitors/)
- [Consolidated Edison business model and revenue mix](https://www.getswoopr.com/stocks/companies/consolidated-edison/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)





**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**



Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).