Operating Margin

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Price: 44.73 USD 1.31%

Market Cap: 45.2B USD

20.8%

Improving

by 2.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

20.8%

Operating Income

$5.1B

Revenue

$24.3B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

20.8%

Operating Income

$5.1B

Revenue

$24.3B

Peer Comparison

Country	Company	Market Cap	Operating Margin
US	Exelon Corp NASDAQ:EXC	45.2B USD	Loading...
US	Nextera Energy Inc NYSE:NEE	174.3B USD	Loading...
ES	Iberdrola SA MAD:IBE	119.7B EUR	Loading...
IT	Enel SpA MIL:ENEL	92.7B EUR	Loading...
US	Southern Co NYSE:SO	97.9B USD	Loading...
US	Constellation Energy Corp NASDAQ:CEG	96.5B USD	Loading...
US	Duke Energy Corp NYSE:DUK	92.5B USD	Loading...
US	American Electric Power Company Inc NASDAQ:AEP	64.5B USD	Loading...
FR	Electricite de France SA PAR:EDF	46.6B EUR	Loading...
US	Xcel Energy Inc NASDAQ:XEL	44.7B USD	Loading...
US	Entergy Corp NYSE:ETR	43.1B USD	Loading...

Market Distribution

Min	-4 087 900%
30th Percentile	-5.1%
Median	6%
70th Percentile	14.8%
Max	1 032 600%

Other Profitability Ratios

Exelon Corp
Glance View

Economic Moat

None

Market Cap

45.2B USD

Industry

Utilities

Perched at the burgeoning intersection of sustainable energy and traditional utilities, Exelon Corp stands as a prominent force in the American power sector. Formed from the merger of PECO Energy Company and Unicom Corp in 2000, Exelon has gone on to craft an indelible mark by maneuvering its vast influence in the energy market. As one of the nation’s leading competitive energy providers, the company's core operations revolve around electricity generation, transmission, and distribution. It commands an impressive portfolio of nuclear, natural gas, wind, hydroelectric, and solar energy facilities, while strategically navigating the convoluted terrains of regulatory frameworks and market demands. With a diversified mix of energy production assets, Exelon not only hedges against market volatility but also positions itself as a leader in clean energy, dedicating itself to reducing emissions while steadily enhancing energy reliability and affordability. Behind its sprawling operational presence lies a robust financial model that drives its profitability. Through its subsidiary utilities—namely Commonwealth Edison, PECO, Baltimore Gas and Electric, among others—Exelon serves millions of customers across the Midwest and the Atlantic. The company capitalizes on its regulated energy delivery businesses that provide a stable revenue stream through residential, commercial, and industrial billing. Meanwhile, its competitive generation segment seizes opportunities in wholesale energy markets, strategically placing its power generation capabilities to meet fluctuating demand patterns. Additionally, Exelon’s investments in transmission infrastructure amplify its revenue potential, as the need for modern electricity grids becomes increasingly apparent. By aligning its technological advancements with customer-centric innovations, Exelon not only fosters sustainable growth but also fortifies its resilience amidst the dynamic shifts of the energy landscape.

View EXC Analysis

EXC Intrinsic Value

Undervaluation 26%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Exelon Corp
NASDAQ:EXC

Peer Comparison

Market Distribution

Other Profitability Ratios

Exelon Corp
Glance View

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Exelon Corp NASDAQ:EXC