Edison International

EIX · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$23,095	$30,910	$27,421	$24,295	$25,929	$23,866	$28,649	$21,567	$24,025	$27,350	$22,494	$21,346	$15,094	$14,732	$13,496	$12,584	$11,338	$10,471	$17,399	$15,045	$14,217	$10,442	$7,149	$3,863	$4,923	$5,205	$9,114	$10,009	$10,876	$8,691	$7,849	$6,555	$8,937	$9,794	$10,203	$8,275	$8,801	$7,048	$6,618	$7,374	$5,736
Enterprise value	$67,207	$70,653	$64,830	$58,378	$56,973	$49,827	$50,360	$36,854	$37,452	$39,717	$36,226	$35,265	$27,336	$25,727	$27,233	$24,640	$21,943	$20,100	$25,787	$23,250	$22,460	$18,883	$19,720	$16,225	$18,000	$21,580	$25,521	$18,934	$19,047	$16,965	$15,917	$14,047	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	5.18×	24.07×	22.91×	39.70×	34.16×	32.29×	22.31×	–	42.52×	20.86×	22.05×	13.24×	16.50×	9.80×	12.96×	11.58×	13.34×	8.70×	15.85×	12.74×	12.50×	11.40×	8.71×	3.59×	4.76×	–	17.63×	14.98×	15.54×	12.12×	10.62×	9.63×	13.99×	13.25×	14.52×	10.52×	11.31×	9.25×	9.18×	9.59×	7.41×
P/S (TTM) at period end	1.20×	1.76×	1.68×	1.41×	1.74×	1.76×	2.32×	1.70×	1.95×	2.30×	1.95×	1.59×	1.20×	1.24×	1.27×	1.26×	0.92×	0.74×	1.35×	1.19×	1.20×	1.02×	0.59×	0.34×	0.43×	0.44×	0.94×	0.98×	1.18×	1.02×	0.93×	0.79×	1.14×	1.23×	1.36×	1.15×	1.35×	1.13×	1.21×	1.40×	1.11×
P/B at period end	1.31×	1.99×	1.77×	1.56×	1.63×	1.70×	1.85×	1.70×	1.73×	1.93×	1.68×	1.64×	1.52×	1.56×	1.34×	1.19×	1.15×	1.00×	1.86×	1.74×	1.94×	1.69×	1.30×	0.67×	1.07×	1.32×	1.33×	1.78×	1.77×	1.22×	1.11×	0.95×	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	6.51×	12.19×	12.32×	14.18×	15.13×	15.35×	14.07×	26.55×	10.49×	9.55×	9.22×	9.28×	9.04×	7.26×	8.45×	7.37×	7.79×	5.19×	6.99×	6.60×	6.84×	8.51×	7.56×	4.96×	5.78×	10.02×	8.63×	6.03×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	3.48×	4.01×	3.97×	3.39×	3.82×	3.67×	4.08×	2.91×	3.04×	3.35×	3.14×	2.63×	2.17×	2.17×	2.57×	2.46×	1.78×	1.42×	2.00×	1.84×	1.90×	1.85×	1.63×	1.41×	1.57×	1.84×	2.64×	1.85×	2.06×	1.99×	1.89×	1.68×	–	–	–	–	–	–	–	–	–
Returns
Return on equity	25.4%	8.2%	7.7%	3.9%	4.8%	5.3%	8.3%	(3.3%)	4.1%	9.2%	7.6%	12.4%	9.2%	15.9%	10.4%	10.3%	8.6%	11.5%	11.7%	13.7%	15.5%	14.8%	14.9%	18.6%	22.5%	(49.4%)	7.5%	11.9%	11.4%	10.1%	10.5%	9.9%	–	–	–	–	–	–	–	–	–
Return on invested capital	9.0%	5.2%	4.6%	3.0%	3.1%	3.0%	5.1%	(0.6%)	3.8%	6.9%	5.5%	7.7%	6.2%	9.6%	8.7%	6.4%	6.8%	8.6%	9.8%	9.0%	10.1%	7.5%	6.3%	8.7%	6.9%	0.6%	3.1%	5.4%	6.4%	6.6%	8.2%	7.5%	–	–	–	–	–	–	–	–	–
Dividend yield	5.5%	3.9%	4.1%	4.3%	3.8%	3.9%	2.8%	3.7%	2.9%	2.3%	2.4%	2.2%	2.9%	2.9%	3.1%	3.3%	3.6%	3.8%	2.2%	2.3%	2.3%	2.5%	0.6%	1.0%	–	7.1%	4.1%	3.7%	3.8%	5.1%	5.7%	8.4%	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.73×	0.85×	0.79×	0.68×	0.64×	0.49×	0.64×	0.62×	0.53×	0.36×	0.54×	0.65×	0.68×	0.71×	1.03×	1.12×	1.17×	1.10×	1.00×	1.27×	1.20×	1.35×	0.82×	0.82×	0.76×	0.52×	0.39×	0.73×	0.96×	0.75×	0.74×	0.68×	–	–	–	–	–	–	–	–	–
Debt / equity	2.16×	2.29×	2.13×	1.90×	1.59×	1.47×	1.18×	1.16×	0.87×	0.79×	0.83×	0.83×	1.05×	1.00×	0.88×	1.17×	1.10×	1.07×	1.02×	1.11×	1.34×	1.75×	2.10×	2.49×	3.63×	4.66×	2.46×	1.68×	1.64×	1.19×	1.12×	1.08×	–	–	–	–	–	–	–	–	–
Effective tax rate	21.5%	1.1%	7.1%	(24.5%)	(17.2%)	(53.9%)	(24.7%)	67.9%	29.6%	11.1%	31.0%	22.4%	19.8%	14.3%	(215.2%)	20.2%	(12.2%)	32.9%	30.9%	35.0%	29.2%	(68.7%)	21.5%	25.6%	40.7%	35.1%	32.1%	40.5%	43.4%	44.0%	41.7%	41.4%	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	386	388	385	383	380	374	341	326	328	330	329	329	329	330	329	329	327	329	331	331	332	331	328	328	326	333	348	363	405	440	448	448	450	445	436	437	437	435	434	435	431

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$19,423	$19,317	$17,599	$16,338	$17,220	$14,905	$13,578	$12,347	$12,657	$12,320	$11,869	$11,524	$13,413	$12,581	$11,862	$10,588	$9,996	$12,361	$14,112	$12,868	$12,622	$11,852	$10,199	$12,135	$11,488	$11,436	$11,717	$9,670	$10,208	$9,235	$8,545	$8,405	$8,345	$7,821	$7,984	$7,502	$7,198	$6,524	$6,253	$5,449	$5,276	$5,169
Cost of revenue	($11,679)	($8,146)	($10,381)	($9,624)	($11,099)	($9,185)	($8,541)	($7,857)	($8,203)	($7,680)	($7,395)	($7,256)	($8,742)	($8,673)	($8,043)	($2,989)	–	($4,268)	($5,992)	($4,999)	($5,166)	($4,432)	($3,761)	($4,124)	($3,202)	($4,898)	($5,963)	($3,854)	($5,111)	($3,928)	($3,474)	($3,276)	($3,459)	–	–	–	–	–	–	–	–	–
Gross profit	$7,744	$11,171	$7,218	$6,714	$6,121	$5,720	$5,037	$4,490	$4,454	$4,640	$4,474	$4,268	$4,671	$3,908	$3,819	$7,599	–	$8,065	$8,120	$8,114	$7,456	$7,420	$6,438	$8,011	$8,286	$6,538	$5,754	$5,816	$5,097	$5,307	$5,071	$5,129	$4,886	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	($463)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	($1,796)	($798)	($880)	($1,527)	($1,491)	($1,664)	($407)	($2,669)	($4,873)	($4,527)	–	–	($30)	($6)	–	($7)	–	–	–	($25)	($435)	$201	($1,138)	($1,502)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	($1,394)	($4,078)	($4,288)	($4,087)	($4,638)	($4,243)	($3,820)	($2,715)	($5,006)	($3,184)	($2,412)	($2,260)	($2,199)	($2,193)	($1,534)	($5,538)	–	($6,667)	($5,557)	($5,605)	($5,115)	($5,197)	($5,338)	($6,556)	($6,160)	($4,490)	($5,553)	($4,765)	($3,786)	($3,683)	($3,256)	($2,994)	($3,051)	–	–	–	–	–	–	–	–	–
Total costs and expenses	($13,073)	($12,224)	($14,669)	($13,711)	($15,737)	($13,428)	($12,361)	($10,572)	($13,209)	($10,864)	($9,807)	($9,516)	($10,941)	($10,866)	($9,577)	($8,527)	($8,177)	($10,963)	($11,549)	($10,359)	($10,281)	($9,629)	($9,099)	($10,680)	($9,362)	($9,388)	($11,516)	($8,619)	($8,897)	($7,611)	($6,730)	($6,270)	($6,510)	–	–	–	–	–	–	–	–	–
Operating income	$6,350	$7,093	$2,930	$2,627	$1,483	$1,477	$1,217	$1,775	($552)	$1,456	$2,062	$2,008	$2,472	$1,715	$2,285	$2,061	$1,819	$1,398	$2,563	$2,509	$2,341	$2,223	$1,100	$1,455	$2,126	$2,048	$201	$1,051	$1,311	$1,624	$1,815	$2,135	$1,835	$7,821	$7,984	$7,502	$7,198	$6,524	$6,253	$5,449	$5,276	$5,169
Earnings
EBITDA	$9,687	$10,330	$5,796	$5,262	$4,116	$3,765	$3,246	$3,578	$1,388	$3,571	$4,160	$3,927	$3,802	$3,025	$3,545	$3,221	$3,341	$2,816	$3,876	$3,690	$3,522	$3,284	$2,220	$2,610	$3,269	$3,113	$2,153	$2,958	$3,142	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	–	$184	$259	$267	$90	$4	$18	$38	$29	$5	$3	$4	$5	$10	$10	$6	$10	$32	$62	$154	$169	$112	–	$127	–	–	$227	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,772)	($1,539)	($1,869)	($1,612)	($1,169)	($925)	($902)	($841)	($734)	($639)	($581)	($555)	($560)	($544)	($521)	($485)	($440)	($732)	($700)	($752)	($858)	($818)	–	($1,226)	–	–	($1,388)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$5,014	$5,992	$1,563	$1,515	$662	$789	$566	$1,127	($1,089)	$949	$1,590	$1,568	$1,979	$1,221	$1,861	($264)	$1,657	$806	$1,811	$1,592	$1,665	$1,565	$134	$992	$1,526	$4,049	($2,992)	$917	$1,123	$1,237	$1,280	$1,267	$1,162	–	–	–	–	–	–	–	–	–
Income tax expense	($1,072)	($1,291)	($17)	($108)	$162	$136	$305	$278	$739	($281)	($177)	($486)	($443)	($242)	($267)	($568)	($335)	$98	($596)	($492)	($582)	($457)	$92	($213)	($391)	($1,647)	$1,049	($294)	($455)	($537)	($563)	($528)	($481)	$639	$739	$703	$786	$778	$762	$721	$769	$774
Net income	$3,745	$4,459	$1,546	$1,407	$824	$925	$739	$1,284	($316)	$668	$1,425	$1,117	$1,612	$915	($183)	($37)	$1,256	$849	$1,215	$1,098	$1,181	$1,137	$916	$821	$1,077	$1,035	($1,943)	$517	$668	$700	$717	$739	$681	$639	$739	$703	$786	$778	$762	$721	$769	$774
Per share
Diluted EPS (GAAP)	$9.69	$11.55	$3.31	$3.11	$1.60	$2.00	$1.98	$3.77	($1.30)	$1.72	$3.97	$3.10	$4.89	$2.78	($0.56)	($0.11)	$3.82	$2.58	$3.68	$3.31	$3.57	$3.43	$2.77	$2.50	$3.28	$3.17	($5.83)	$1.79	$1.84	$1.73	$1.63	$1.65	$1.52	$1.42	$1.66	$1.61	$1.80	$1.78	$1.75	$1.54	$1.64	$1.63
Basic EPS (GAAP)	$9.73	$11.58	$3.33	$3.12	$1.61	$2.00	$1.98	$3.78	($1.30)	$1.73	$4.02	$3.13	$4.95	$2.81	($0.56)	($0.11)	$3.84	$2.59	$3.69	$3.33	$3.57	$3.47	$2.81	$2.52	$3.31	$3.18	($5.83)	$1.79	$1.86	$1.75	$1.64	$1.66	$1.52	$1.43	$1.66	$1.61	$1.80	$1.78	$1.75	$1.54	$1.64	$1.63
Basic shares outstanding	385	385	386	383	381	380	373	340	326	326	326	326	326	326	326	326	326	326	326	326	331	326	326	326	326	326	333	348	359	400	437	445	448	447	445	436	437	437	435	434	435	431
Margins
Gross margin	39.9%	57.8%	41.0%	41.1%	35.5%	38.4%	37.1%	36.4%	35.2%	37.7%	37.7%	37.0%	34.8%	31.1%	32.2%	71.8%	–	65.2%	57.5%	63.1%	59.1%	62.6%	63.1%	66.0%	72.1%	57.2%	49.1%	60.1%	49.9%	57.5%	59.3%	61.0%	58.6%	–	–	–	–	–	–	–	–	–
Operating margin	32.7%	36.7%	16.6%	16.1%	8.6%	9.9%	9.0%	14.4%	(4.4%)	11.8%	17.4%	17.4%	18.4%	13.6%	19.3%	19.5%	18.2%	11.3%	18.2%	19.5%	18.5%	18.8%	10.8%	12.0%	18.5%	17.9%	1.7%	10.9%	12.8%	17.6%	21.2%	25.4%	22.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	19.3%	23.1%	8.8%	8.6%	4.8%	6.2%	5.4%	10.4%	(2.5%)	5.4%	12.0%	9.7%	12.0%	7.3%	(1.5%)	(0.3%)	12.6%	6.9%	8.6%	8.5%	9.4%	9.6%	9.0%	6.8%	9.4%	9.1%	(16.6%)	5.3%	6.5%	7.6%	8.4%	8.8%	8.2%	8.2%	9.3%	9.4%	10.9%	11.9%	12.2%	13.2%	14.6%	15.0%

Analyst consensus

Hold37 analysts

Bearish · 5 · Hold · 17 · Bullish · 15

Earnings history

	EPS	Estimate
Q3 2024	$1.51	$1.38	Beat
Q4 2024	$1.05	$1.09	Miss
Q1 2025	$1.37	$1.22	Beat
Q2 2025	$0.97	$0.91	Beat
Q3 2025	$2.34	$2.16	Beat
Q4 2025	$1.87	$1.37	Beat
Q1 2026	$1.42	$1.32	Beat
Q2 2026	$1.54	$1.18	Beat

Peers

Company overview

IPO dateMay 3, 1973

CEOPedro J. Pizarro

Employees13,725

SectorUtilities

IndustryRegulated Electric

CountryUS

ExchangeNew York Stock Exchange

Websitewww.edison.com

Headquartered in Rosemead, California, and established in 1886, Edison International primarily operates through its subsidiaries to produce and supply electrical power. This utility company furnishes electricity to a vast client base of around 15 million, encompassing homes, businesses, industrial sites, governmental bodies, and agricultural enterprises throughout Southern, Central, and Coastal California. Beyond power delivery, Edison International also offers bespoke energy solutions tailored for its commercial and industrial clientele. Its extensive infrastructure includes a robust transmission network featuring lines that range from 55 kV to 500 kV, alongside numerous substations. The company's distribution system is equally substantial, comprising approximately 39,000 circuit-miles of overhead cabling, roughly 31,000 circuit-miles of underground lines, and 800 distribution substations.

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