Edison International
EIX NYSE Electric Utilities Financials FY2016βFY2025
Edison International's revenue rose 9.8% to $19.3 billion in fiscal 2025. Its operating margin was 36.7%, up from 16.6% a year earlier. Free cash flow was β$715 million. It paid out $1.3 billion in dividends and buybacks. The diluted share count fell 0.5%.
What Edison International does
No business description yet.
- Legal name
- EDISON INTERNATIONAL
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0000827052-26-000012
0000827052
Revenue and margins
Edison International had $19.3B of revenue in fiscal 2025, up 9.8% on the year before.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 12.6% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was β$715M in fiscal 2025, β3.7% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Edison International returned $1.3B to shareholders in fiscal 2025. The diluted share count fell 0.5%.
Value Edison International yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$40.2B and divides by 386.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 6.2x Β· peers 21.4x Β· sector 20.7x.
Balance sheet
Cash, debt and the ratios that show how comfortably Edison International can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $390M | $914M | $345M | $193M | $158M |
| Debt incl. finance leases | $27.6B | $31.7B | $34.1B | $36.6B | $40.4B |
| Net debt / EBITDA | 7.2x | 7.5x | 6.4x | 6.3x | 3.9x |
| Debt / equity | 1.7x | 2.0x | 2.2x | 2.4x | 2.3x |
| Interest coverage | 1.6x | 1.3x | 1.6x | 1.6x | 4.6x |
| Current ratio | 0.6x | 0.7x | 0.8x | 0.9x | 0.7x |
| Quick ratio | 0.6x | 0.6x | 0.7x | 0.8x | 0.7x |
| Total assets | $74.7B | $78.0B | $81.8B | $85.6B | $94.0B |
| Total liabilities | $57.0B | $60.5B | $63.8B | $67.8B | $74.8B |
| Shareholders' equity | $15.9B | $15.6B | $15.5B | $15.6B | $17.6B |
| Net debt (β = net cash) | $27.2B | $30.7B | $33.7B | $36.4B | $40.2B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.8M
3 insiders
Of sales under plans
17%
$0.1M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 12, 2026 | Peter J. TaylorDirector | Sold plan | 500 | $55.56 | $0.0M | Form 4 |
| Jul 13, 2026 | Peter J. TaylorDirector | Sold plan | 500 | $75.40 | $0.0M | Form 4 |
| Apr 13, 2026 | Peter J. TaylorDirector | Sold plan | 500 | $75.30 | $0.0M | Form 4 |
| Mar 2, 2026 | Jill Charlotte AndersonExecutive Vice President, Sce | Sold | 2,111 | $74.55 | $0.2M | Form 4 |
| Mar 2, 2026 | Peter J. TaylorDirector | Sold plan | 500 | $74.54 | $0.0M | Form 4 |
| Feb 27, 2026 | Jill Charlotte AndersonExecutive Vice President, Sce | Sold | 4,774 | $74.72 | $0.4M | Form 4 |
| Feb 23, 2026 | Erica S BowmanVice President | Sold | 1,276 | $73.88 | $0.1M | Form 4 |
| Oct 30, 2025 | Peter J. TaylorDirector | Sold | 1,800 | $55.27 | $0.1M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 5 / 8 | 6 / 8 | 6 / 8 |
| Accruals ratio | β2.8% | β4.5% | β1.5% |
| Altman Z'' | 0.67 | 0.69 | 0.95 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Edison International EIX | $22.2B | 9.8% | 36.7% | β3.7% | 9.8% | 6.2x | 6 | |
| Vistra VST | $47.5B | 3.0% | 10.8% | 7.4% | 7.2% | 23.7x | 4 | Compare β |
| American Electric Power AEP | $71.0B | 10.9% | 24.3% | β6.9% | 6.7% | 19.2x | 7 | Compare β |
| Exelon EXC | $45.6B | 5.3% | 21.2% | β9.4% | 5.7% | β | 5 | Compare β |
| FirstEnergy FE | $26.8B | 12.0% | 14.6% | β6.7% | 4.6% | 25.2x | 5 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $11.9B | $12.3B | $12.7B | $12.3B | $13.6B | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| Operating income | $2.1B | $1.5B | β$552M | $1.8B | $1.2B | $1.5B | $1.5B | $2.6B | $2.9B | $7.1B |
| Interest expense | $581M | $639M | $734M | $841M | $902M | $925M | $1.2B | $1.6B | $1.9B | $1.5B |
| Pretax income | $1.6B | $949M | β$1.1B | $1.1B | $566M | $789M | $662M | $1.5B | $1.6B | $6.0B |
| Income tax | $177M | $281M | β$739M | β$278M | β$305M | β$136M | β$162M | $108M | $17.0M | $1.3B |
| Net income | $1.4B | $565M | β$423M | $1.3B | $739M | $925M | $824M | $1.2B | $1.3B | $4.5B |
| Diluted EPS | $3.97 | $1.72 | β$1.30 | $3.77 | $1.98 | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 |
| Diluted shares | 0.33B | 0.33B | 0.33B | 0.34B | 0.37B | 0.38B | 0.38B | 0.39B | 0.39B | 0.39B |
| Cash flow | ||||||||||
| Cash from operations | $3.3B | $3.6B | $3.2B | β$307M | $1.3B | $11.0M | $3.2B | $3.4B | $5.0B | $5.8B |
| Capital expenditure | $3.7B | $3.8B | $4.5B | $4.9B | $5.5B | $5.5B | $5.8B | $5.4B | $5.7B | $6.5B |
| Free cash flow | β$495M | β$247M | β$1.3B | β$5.2B | β$4.2B | β$5.5B | β$2.6B | β$2.0B | β$693M | β$715M |
| Depreciation and amortization | $2.1B | $2.1B | $1.9B | $1.8B | $2.0B | $2.3B | $2.6B | $2.6B | $2.9B | $3.2B |
| Stock-based compensation | $34.0M | $23.0M | $21.0M | $29.0M | $29.0M | $39.0M | $42.0M | $46.0M | $57.0M | $57.0M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $200M | $32.0M |
| Dividends paid | $626M | $707M | $788M | $810M | $928M | $988M | $1.1B | $1.1B | $1.2B | $1.3B |
| Dividends and buybacks | $626M | $707M | $788M | $810M | $928M | $988M | $1.1B | $1.1B | $1.4B | $1.3B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $96.0M | $1.1B | $144M | $68.0M | $87.0M | $390M | $914M | $345M | $193M | $158M |
| Total debt | $12.5B | $14.5B | $15.4B | $18.9B | $22.7B | $27.6B | $31.7B | $34.1B | $36.6B | $40.4B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $2.1B | $3.7B | $3.4B | $3.6B | $5.1B | $5.5B | $7.1B | $6.8B | $7.2B | $7.7B |
| Current liabilities | $5.9B | $7.1B | $5.4B | $5.5B | $10.3B | $8.6B | $10.3B | $8.6B | $8.4B | $10.5B |
| Inventory | $239M | $242M | $282M | $364M | $405M | $420M | $474M | $527M | $538M | $535M |
| Property and equipment, net | $37.0B | $39.1B | $41.3B | $44.3B | $47.8B | $50.7B | $53.5B | $56.1B | $59.3B | $63.3B |
| Total assets | $51.3B | $52.6B | $56.7B | $64.4B | $69.4B | $74.7B | $78.0B | $81.8B | $85.6B | $94.0B |
| Total liabilities | $37.1B | $38.7B | $44.1B | $48.9B | $53.4B | $57.0B | $60.5B | $63.8B | $67.8B | $74.8B |
| Shareholders' equity | $14.2B | $13.9B | $12.7B | $15.5B | $14.0B | $15.9B | $15.6B | $15.5B | $15.6B | $17.6B |
| Margins | ||||||||||
| Operating margin | 17.4% | 11.8% | β4.4% | 14.4% | 9.0% | 9.9% | 8.6% | 16.1% | 16.7% | 36.7% |
| EBITDA margin | 35.1% | 29.0% | 11.0% | 29.0% | 23.9% | 25.3% | 23.9% | 32.2% | 32.9% | 53.5% |
| Net margin | 12.0% | 4.6% | β3.3% | 10.4% | 5.4% | 6.2% | 4.8% | 7.3% | 7.3% | 23.1% |
| FCF margin | β4.2% | β2.0% | β10.5% | β42.0% | β31.1% | β36.9% | β14.9% | β12.5% | β3.9% | β3.7% |
| Returns | ||||||||||
| Return on capital | 7.1% | 3.8% | β1.6% | 5.7% | 3.3% | 3.5% | 3.2% | 4.9% | 5.5% | 9.8% |
| Return on capital employed | 4.6% | 3.2% | β1.1% | 3.2% | 2.1% | 2.4% | 2.2% | 3.7% | 3.9% | 8.8% |
| Return on equity | 10.3% | 4.0% | β3.2% | 9.1% | 5.0% | 6.2% | 5.2% | 7.7% | 8.3% | 26.9% |
| Return on assets | 2.8% | 1.1% | β0.8% | 2.1% | 1.1% | 1.3% | 1.1% | 1.5% | 1.5% | 5.0% |
| Growth | ||||||||||
| Revenue growth | 3.0% | 3.8% | 2.7% | β2.5% | 10.0% | 9.8% | 15.5% | β5.1% | 7.7% | 9.8% |
| Net income growth | 27.6% | β60.4% | β174.9% | β | β42.5% | 25.2% | β10.9% | 45.3% | 7.3% | 247.3% |
| EPS growth | 28.1% | β56.7% | β175.6% | β | β47.5% | 1.0% | β20.0% | 94.4% | 6.4% | 248.9% |
| FCF growth | β274.3% | β | β | β | β | β | β | β | β | β |
| Share count change | 0.3% | β0.6% | β0.6% | 4.6% | 9.7% | 1.6% | 0.8% | 0.5% | 0.8% | β0.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | 3.0x | 3.8x | 11.0x | 5.3x | 7.0x | 7.2x | 7.5x | 6.4x | 6.3x | 3.9x |
| Debt / equity | 0.9x | 1.1x | 1.2x | 1.2x | 1.6x | 1.7x | 2.0x | 2.2x | 2.4x | 2.3x |
| Interest coverage | 3.6x | 2.3x | β0.8x | 2.1x | 1.4x | 1.6x | 1.3x | 1.6x | 1.6x | 4.6x |
| Current ratio | 0.4x | 0.5x | 0.6x | 0.6x | 0.5x | 0.6x | 0.7x | 0.8x | 0.9x | 0.7x |
| Quick ratio | 0.3x | 0.5x | 0.6x | 0.6x | 0.5x | 0.6x | 0.6x | 0.7x | 0.8x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 31.6% | 31.2% | 35.6% | 39.5% | 40.4% | 36.9% | 33.6% | 33.4% | 32.4% | 33.7% |
| Stock comp / revenue | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% |
| Quality scores | ||||||||||
| Piotroski F-score | 5.0 | 6.0 | 5.0 | 3.0 | 3.0 | 5.0 | 5.0 | 5.0 | 6.0 | 6.0 |
| Altman Z'' | 0.8 | 0.7 | 0.5 | 0.7 | 0.3 | 0.5 | 0.5 | 0.7 | 0.7 | 1.0 |
| Accruals ratio | β3.6% | β5.8% | β6.6% | 2.6% | β0.8% | 1.3% | β3.1% | β2.8% | β4.5% | β1.5% |
Source: SEC EDGAR XBRL filings (CIK 0000827052). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.