Tearsheet

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Megatrend and thematic drivers
Megatrends include Sustainable Infrastructure, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Smart Grid Technologies, Show more.
 
0 Megatrend and thematic drivers
Megatrends include Sustainable Infrastructure, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Smart Grid Technologies, Show more.

Valuation, Metrics & Events

EXC Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Exelon (EXC) experienced a notable upward movement, closely aligning with the reported 2.9% increase, primarily driven by strong third-quarter earnings and strategic financial announcements. The most significant catalyst for this movement occurred around November 4, 2025, following the release of its Q3 2025 financial results.

1. Exelon Exceeded Q3 2025 Earnings and Revenue Expectations.
On November 4, 2025, Exelon reported third-quarter 2025 earnings per share (EPS) of $0.86, outperforming analysts' consensus estimates, which ranged from $0.69 to $0.78 per share. Additionally, the company's revenue of $6.71 billion surpassed projections of approximately $6.40 billion to $6.49 billion. This strong financial performance prompted an immediate positive reaction in pre-market trading, with the stock increasing by 2.81%.

2. The Company Reaffirmed Robust Full-Year and Long-Term Financial Guidance.
Exelon reaffirmed its full-year 2025 adjusted operating earnings guidance, set between $2.64 and $2.74 per share, and reiterated its long-term operating EPS compounded annual growth rate of 5-7% from 2024 to 2028. This consistent outlook demonstrated management's confidence in future performance and provided stability for investors.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EXC Return-4%41%9%-14%9%24%72%
Peers Return1%5%1%3%23%19%61%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
EXC Win Rate58%58%67%42%67%70% 
Peers Win Rate23%20%39%32%35%48% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
EXC Max Drawdown-34%-9%-12%-17%-6%-1% 
Peers Max Drawdown-12%-3%-5%-12%-5%-6% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ES, IMSR, ONE, CEG, SO. See EXC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventEXCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-29.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven41.4%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-40.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven68.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven539 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-15.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven17.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven141 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-56.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven128.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to ES, IMSR, ONE, CEG, SO


In The Past

Exelon's stock fell -29.3% during the 2022 Inflation Shock from a high on 4/20/2022. A -29.3% loss requires a 41.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Exelon (EXC)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to EXC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025PEGPublic Service EnterpriseMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.7%-0.7%-0.7%
PCG_9262025_Dip_Buyer_ValueBuy09262025PCGPG&EDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
2.5%2.5%0.0%
AES_9052025_Dip_Buyer_ValueBuy09052025AESAESDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
9.3%9.3%-3.2%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025PEGPublic Service EnterpriseMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.7%-0.7%-0.7%
PCG_9262025_Dip_Buyer_ValueBuy09262025PCGPG&EDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
2.5%2.5%0.0%
AES_9052025_Dip_Buyer_ValueBuy09052025AESAESDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
9.3%9.3%-3.2%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Exelon

Peers to compare with:

Financials

EXCESIMSRONECEGSOMedian
NameExelon Eversour.Terrestr.One PowerConstell.Southern  
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Growth & Margins

EXCESIMSRONECEGSOMedian
NameExelon Eversour.Terrestr.One PowerConstell.Southern  
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Valuation

EXCESIMSRONECEGSOMedian
NameExelon Eversour.Terrestr.One PowerConstell.Southern  
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Returns

EXCESIMSRONECEGSOMedian
NameExelon Eversour.Terrestr.One PowerConstell.Southern  
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Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Commonwealth Edison Company (ComEd)42,82739,66136,47034,46632,765
PECO Energy Company (PECO)15,59514,50213,82412,53111,469
Baltimore Gas and Electric Company (BGE)14,18413,35012,32411,65010,634
Potomac Electric Power Company (Pepco)11,19410,6579,9039,2648,661
Other6,3746,0147,6349,0058,484
Delmarva Power & Light Company (DPL)5,9665,8025,4125,1404,830
Atlantic City Electric Company (ACE)5,1574,9794,5564,2863,933
Other-Pepco Holdings LLC (PHI)4,6274,6774,9335,0795,335
Intersegment Eliminations-Pepco Holdings LLC (PHI)-41-33-60-33-40
Intersegment Eliminations-4,337-4,260-8,319-10,165-10,089
Exelon Generation Company, LLC (Generation)   48,09448,995
Total101,54695,34986,677129,317124,977


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity34,458,342
Short Interest: % Change Since 103120256.3%
Average Daily Volume8,498,607
Days-to-Cover Short Interest4.05
Basic Shares Quantity1,011,000,000
Short % of Basic Shares3.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251104202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024212202510-K 12/31/2024
93020241030202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023221202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023802202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022509202210-Q 3/31/2022
12312021225202210-K 12/31/2021