Edison International vs Exelon
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The short version
- Exelon is the larger business, with $24.3B of revenue in fiscal 2025 against $19.3B for Edison International.
- Edison International grew revenue faster (9.8%, against 5.3%).
- Edison International kept more of each dollar of sales as operating profit (36.7% operating margin, against 21.2%).
- Edison International turned more of its sales into free cash flow (−3.7% FCF margin, against −9.4%).
- Edison International earned a higher return on the capital invested in it (9.8%, against 5.7%).
| Latest fiscal year | EIX · FY25 | EXC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $22.2B | $45.6B |
| Revenue | $19.3B | $24.3B |
| Free cash flow | −$715M | −$2.3B |
| Net income | $4.5B | $2.8B |
| Growth | ||
| Revenue growth | 9.8% | 5.3% |
| 5-year growth | 7.3% | 7.8% |
| Share count change | −0.5% | 0.9% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 36.7% | 21.2% |
| Net margin | 23.1% | 11.4% |
| FCF margin | −3.7% | −9.4% |
| Return on capital | 9.8% | 5.7% |
| Return on equity | 26.9% | 9.9% |
| Balance sheet | ||
| Net debt | $40.2B | $49.4B |
| Net debt / EBITDA | 3.9x | 5.6x |
| Dividends and buybacks | $1.3B | $1.6B |
| Valuation & quality | ||
| P/E | 6.2x | — |
| Piotroski F-score | 6 | 5 |
Revenue
FY16
EIX $11.9B
EXC $31.4B
FY17
EIX $12.3B
EXC $33.6B
FY18
EIX $12.7B
EXC $36.0B
FY19
EIX $12.3B
EXC $34.4B
FY20
EIX $13.6B
EXC $16.7B
FY21
EIX $14.9B
EXC $17.9B
FY22
EIX $17.2B
EXC $19.1B
FY23
EIX $16.3B
EXC $21.7B
FY24
EIX $17.6B
EXC $23.0B
FY25
EIX $19.3B
EXC $24.3B
EIX
EXC
Operating margin
FY16
EIX 17.4%
EXC 10.2%
FY17
EIX 11.8%
EXC 13.1%
FY18
EIX −4.4%
EXC 10.8%
FY19
EIX 14.4%
EXC 12.7%
FY20
EIX 9.0%
EXC 13.2%
FY21
EIX 9.9%
EXC 15.0%
FY22
EIX 8.6%
EXC 17.4%
FY23
EIX 16.1%
EXC 18.5%
FY24
EIX 16.7%
EXC 18.8%
FY25
EIX 36.7%
EXC 21.2%
EIX
EXC
Free cash flow
FY16
EIX −$495M
EXC −$92.0M
FY17
EIX −$247M
EXC −$104M
FY18
EIX −$1.3B
EXC $1.1B
FY19
EIX −$5.2B
EXC −$589M
FY20
EIX −$4.2B
EXC −$3.8B
FY21
EIX −$5.5B
EXC −$5.0B
FY22
EIX −$2.6B
EXC −$2.3B
FY23
EIX −$2.0B
EXC −$2.7B
FY24
EIX −$693M
EXC −$1.5B
FY25
EIX −$715M
EXC −$2.3B
EIX
EXC
Return on capital
FY16
EIX 7.1%
EXC 3.6%
FY17
EIX 3.8%
EXC 6.8%
FY18
EIX −1.6%
EXC 5.5%
FY19
EIX 5.7%
EXC 5.1%
FY20
EIX 3.3%
EXC 3.0%
FY21
EIX 3.5%
EXC 3.6%
FY22
EIX 3.2%
EXC 4.1%
FY23
EIX 4.9%
EXC 5.2%
FY24
EIX 5.5%
EXC 5.6%
FY25
EIX 9.8%
EXC 5.7%
EIX
EXC
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.