Companies: 10,795·Total market cap: $144.5T
Exelon Corporation

Exelon Corporation

EXCNASDAQUtilities● Active
$44.80
$-0.95(-2.08%)
Market Cap$45.8B
P/E Ratio—
52W High$50.65
52W Low$42.11
Overview

Exelon Corporation (EXC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EXC · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$2.27B for FY2025 (fiscal year ending 2025-12-31), down 48.9% year-over-year The FCF margin was -9.4%.

FY2025 Free Cash Flow−$2.27B▼ -48.9% YoY
Trailing 12M (TTM)−$2.16Btrailing 4 quarters sum
FCF Margin-9.4%−$2.27B ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
exc free cash flow history · exc free cash flow chart · exc free cash flow growth rate · exc free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$2.27B▼ 48.9%-9.4%
FY2024−$1.53B▲ +43.5%-6.6%
FY2023−$2.71B▼ 18.8%-12.4%
FY2022−$2.28B▲ +54.2%-11.9%
FY2021−$4.97B▼ 30.3%-27.7%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
exc free cash flow 2025 · exc free cash flow 2024 · exc free cash flow 2023 · exc operating cash flow

FCF valuation metrics

Exelon Corporation (EXC) reported negative free cash flow of −$2.27B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
exc price to free cash flow · exc free cash flow yield · exc free cash flow per share · exc price to cash flow ratio

Cash flow statement summary

For FY2025, Exelon Corporation generated $6.25B in operating cash flow and spent 8.53B in capital expenditures, yielding −$2.27B in free cash flow.

Operating Activities
+$6.25B
Cash from core business operations
2025-12-31
Investing Activities
−$8.53B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$2.53B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($6.25B) − |CapEx| (8.53B) = FCF (−$2.27B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
exc cash flow statement · exc cash flow statement 2025 · exc operating cash flow · exc cash flow from operations

Free cash flow vs peers (Utilities)

#CompanyFree Cash FlowYoY
#1
Exelon Corporation
Exelon CorporationYOU
EXC
−$2.27B-48.9%
#2
GE Vernova Inc.
GE Vernova Inc.
GEV
$3.71B+118.3%#3
NextEra Energy, Inc.
NextEra Energy, Inc.
NEE
$3.21B-32.3%#4
Constellation Energy Corporation
Constellation Energy Corporation
CEG
$1.29B+125.6%#5
Duke Energy Corporation
Duke Energy Corporation
DUK
−$1.67B-3583.3%#6
The Southern Company
The Southern Company
SO
−$3.59B-531.0%
Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Exelon Corporation (EXC) reported free cash flow of −$2.27B for FY2025 (fiscal year ending 2025-12-31), down 48.9% year-over-year. The FCF margin was -9.4%.

Based on available data, Exelon Corporation has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $1.05B in FY2018.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

EXC free cash flow · 8 questions

Exelon Corporation free cash flow was −$2.27B for FY2025, down 48.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$2.16B.

EXC free cash flowEXC FCFEXC FCF 2025EXC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Exelon Corporation · Exelon Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026