A Business at a Glance
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EDISON INTERNATIONAL
EIX
$30.8B
Mkt Cap
$79.75
+0.14%
EDISON INTERNATIONAL (EIX) has a current P/E ratio of 6.9, compared to its historical median P/E of 22.4. The stock is currently considered Cheap based on its historical valuation range.
EDISON INTERNATIONAL (EIX) has a 5-year average return on invested capital (ROIC) of 5.5%. This is below average and may indicate limited pricing power.
EDISON INTERNATIONAL (EIX) has a market capitalization of $30.7B. It is classified as a large-cap stock.
Yes, EDISON INTERNATIONAL (EIX) pays a dividend with a trailing twelve-month yield of 4.21%. The company also returns capital through share buybacks, with a buyback yield of 0.09%.
Based on historical P/E analysis, EDISON INTERNATIONAL (EIX) appears cheap. The current P/E of 6.9 is 69% below its historical median of 22.4. The estimated fair value CAGR (P/E method) is 15.4%.
EDISON INTERNATIONAL (EIX) operates in the Electric Services industry, within the Utilities sector.
EDISON INTERNATIONAL (EIX) reported annual revenue of $19.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Edison International is a holding company whose financial performance depends primarily on Southern California Edison Company (SCE), a regulated electric utility serving customers in central, coastal, and southern California. SCE generates revenue by recovering its costs—including purchased power, fuel, operations and maintenance, and capital investments—through rates approved by the California Public Utilities Commission (CPUC) and the Federal Energy Regulatory Commission (FERC), earning an authorized return on its rate base. The company's business model is capital-intensive, requiring substantial ongoing investment in grid infrastructure, wildfire mitigation, renewable energy procurement, and system modernization to support electrification and meet California's clean energy objectives. SCE's competitive moat derives from its regulated monopoly status, essential infrastructure, and long-term regulatory relationships, though it faces significant operational and regulatory risks including wildfire liability, cost recovery uncertainty, and the need to balance customer affordability with necessary grid investments. The utility serves millions of customers across a geographically diverse service territory in California, with revenue recovery dependent on timely CPUC and FERC approval of costs and adequate rate design to support both operations and capital deployment.
【Regulatory clarity and capital execution】 Management emphasizes strengthened visibility into the regulatory environment following resolution of major proceedings in 2025, with a "cleaner regulatory slate" in 2026 providing greater certainty for capital recovery through 2028 under the approved General Rate Case. The company expects to execute a $38–41 billion capital plan from 2026 through 2030 driven by essential grid investments, load growth, and California's clean energy transition, supported by approximately 7% compound annual rate base growth. Management remains confident in delivering long-term 5%–7% core EPS growth without issuing new common equity through 2030, underpinned by disciplined cost management, operational performance, and the financial stability improvements from recent legislative protections. The company anticipates near-term load growth of up to 3% and projects electricity sales will nearly double over the next two decades, reflecting sustained demand from electrification, new housing, and commercial-industrial consumption.
| Metric | Target | Period |
|---|---|---|
| Core EPS | $5.90–$6.20 | FY2026 |
| Core EPS | $6.25–$6.65 | FY2027 |
| Core EPS | $6.74–$7.14 | FY2028 |
| Capital plan | $38–41 billion | 2026–2030 |
| SCE rate base compound annual growth | Approximately 7% | 2025–2030 |
| No new common equity issuance | Through 2030 | 2026–2030 |
Core EPS (FY2026): “we are affirming our 2026 core EPS range of $5.90-$6.20”
Core EPS (FY2027): “Our core EPS guidance for 2026 is $5.90-$6.20, and for 2027, it is $6.25-$6.65”
Core EPS (FY2028): “we continue to expect 2028 core EPS of $6.74- $7.14”
Capital plan (2026–2030): “Our capital plan of $38 billion-$41 billion from 2026 through 2030”
SCE rate base compound annual growth (2025–2030): “we expect SCE rate base compound annual growth of approximately 7% from 2025 to 2030”
No new common equity issuance (2026–2030): “We plan to deliver this growth without issuing new common equity for at least the next five years through 2030”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 19.6B | 19.3B | 17.6B | 16.3B | 17.2B | 14.9B |
| Net Income | 3.6B | 4.5B | 1.3B | 1.2B | 612M | 759M |
| EPS | $9.23 | $11.55 | $3.31 | $3.11 | $1.60 | $2.00 |
| Free Cash Flow | -643M | -715M | -693M | -2.0B | -2.6B | -5.5B |
| ROIC | 8.1% | 10.0% | 5.7% | 5.0% | 3.3% | 3.6% |
| Gross Margin | - | 61.4% | 43.6% | 42.1% | 30.7% | 31.5% |
| Debt/Equity | 2.40 | 2.36 | 2.43 | 2.28 | 2.12 | 1.86 |
| Dividends/Share | $3.36 | $3.36 | $3.17 | $2.99 | $2.84 | $2.69 |
| Operating Income | 6.0B | 7.1B | 2.9B | 2.6B | 1.5B | 1.5B |
| Operating Margin | 30.8% | 36.7% | 16.6% | 16.1% | 8.6% | 9.9% |
| ROE | 20.5% | 26.9% | 8.3% | 7.7% | 3.9% | 5.1% |
| Shares Outstanding | 385M | 386M | 388M | 385M | 383M | 380M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 13.4B | 11.5B | 11.9B | 12.3B | 12.7B | 12.3B | 13.6B | 14.9B | 17.2B | 16.3B | 17.6B | 19.3B | 19.6B |
| Gross Margin | 32.5% | 38.9% | 39.9% | 34.2% | 16.8% | 35.8% | 30.5% | 31.5% | 30.7% | 42.1% | 43.6% | 61.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 2.5B | 2.0B | 2.1B | 1.5B | -552M | 1.8B | 1.2B | 1.5B | 1.5B | 2.6B | 2.9B | 7.1B | 6.0B |
| Op. Margin | 18.4% | 17.4% | 17.4% | 11.8% | -4.4% | 14.4% | 9.0% | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% | 30.8% |
| Net Income | 1.6B | 1.0B | 1.3B | 565M | -423M | 1.3B | 739M | 759M | 612M | 1.2B | 1.3B | 4.5B | 3.6B |
| Net Margin | 12.0% | 8.9% | 11.0% | 4.6% | -3.3% | 10.4% | 5.4% | 5.1% | 3.6% | 7.3% | 7.3% | 23.1% | 18.1% |
| Non-Recurring | 157M | 5.0M | 0 | 738M | 78M | 184M | 0 | 71M | 54M | 1.0M | 0 | 106M | 106M |
| Returns on Capital | |||||||||||||
| ROIC | 8.3% | 5.5% | 7.0% | 3.9% | -1.6% | 5.7% | 3.4% | 3.6% | 3.3% | 5.0% | 5.7% | 10.0% | 8.1% |
| ROE | 13.1% | 7.7% | 9.5% | 4.0% | -3.2% | 9.1% | 5.0% | 5.1% | 3.9% | 7.7% | 8.3% | 26.9% | 20.5% |
| ROA | 3.3% | 2.0% | 2.6% | 1.1% | -0.8% | 2.1% | 1.1% | 1.1% | 0.8% | 1.5% | 1.5% | 5.0% | 3.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 3.2B | 4.5B | 3.3B | 3.6B | 3.2B | -307M | 1.3B | 11M | 3.2B | 3.4B | 5.0B | 5.8B | 6.0B |
| Free Cash Flow | -658M | 284M | -495M | -247M | -1.3B | -5.2B | -4.2B | -5.5B | -2.6B | -2.0B | -693M | -715M | -643M |
| Owner Earnings | 1.9B | 2.6B | 1.1B | 1.3B | 1.2B | -2.1B | -796M | -2.3B | 541M | 720M | 2.1B | 2.5B | 2.6B |
| CapEx | 3.9B | 4.2B | 3.7B | 3.8B | 4.5B | 4.9B | 5.5B | 5.5B | 5.8B | 5.4B | 5.7B | 6.5B | 6.6B |
| Maint. CapEx | 1.3B | 1.9B | 2.1B | 2.1B | 1.9B | 1.8B | 2.0B | 2.3B | 2.6B | 2.6B | 2.9B | 3.2B | 3.3B |
| Growth CapEx | 2.6B | 2.3B | 1.7B | 1.7B | 2.6B | 3.1B | 3.5B | 3.2B | 3.1B | 2.8B | 2.8B | 3.3B | 3.3B |
| D&A | 1.3B | 1.9B | 2.1B | 2.1B | 1.9B | 1.8B | 2.0B | 2.3B | 2.6B | 2.6B | 2.9B | 3.2B | 3.3B |
| CapEx/OCF | 120.3% | 93.7% | 114.7% | 106.9% | 141.9% | N/A | 434.2% | 50045.5% | 179.7% | 160.2% | 113.8% | 112.3% | 110.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 463M | 544M | 626M | 707M | 788M | 810M | 928M | 988M | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B |
| Dividend Yield | 4.0% | 4.1% | 4.0% | 4.0% | 5.4% | 4.9% | 5.4% | 5.5% | 5.0% | 4.8% | 4.4% | 6.1% | 4.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200M | 32M | 29M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.1% | 0.1% |
| Stock-Based Comp | 27M | 24M | 22M | 179M | 20M | 27M | 30M | 39M | 42M | 46M | 57M | 57M | 52M |
| Debt Repayment | 607M | 762M | 220M | 1.3B | 654M | 82M | 1.1B | 1.0B | 1.1B | 2.5B | 2.7B | 2.1B | 2.1B |
| Balance Sheet | |||||||||||||
| Net Debt | 11.9B | 11.7B | 12.3B | 12.4B | 15.2B | 19.5B | 24.0B | 28.8B | 31.4B | 34.8B | 37.5B | 41.4B | 41.4B |
| Cash & Equiv. | 132M | 161M | 96M | 1.1B | 144M | 68M | 87M | 390M | 914M | 345M | 193M | 158M | 168M |
| Long-Term Debt | 10.2B | 10.9B | 10.2B | 11.6B | 14.6B | 17.9B | 19.6B | 24.2B | 27.0B | 30.3B | 33.5B | 36.1B | 37.3B |
| Debt/Equity | 0.93 | 0.89 | 0.88 | 1.05 | 1.22 | 1.26 | 1.72 | 1.86 | 2.12 | 2.28 | 2.43 | 2.36 | 2.40 |
| Interest Coverage | 4.4 | 3.6 | 3.5 | 2.3 | -0.8 | 2.1 | 1.3 | 1.6 | 1.3 | 1.6 | 1.6 | 4.6 | 26.8 |
| Equity | 13.0B | 13.4B | 14.2B | 13.9B | 12.7B | 15.5B | 14.0B | 15.9B | 15.6B | 15.5B | 15.6B | 17.6B | 17.3B |
| Total Assets | 49.7B | 50.2B | 51.3B | 52.6B | 56.7B | 64.4B | 69.4B | 74.7B | 78.0B | 81.8B | 85.6B | 94.0B | 94.5B |
| Total Liabilities | 36.7B | 36.8B | 37.1B | 38.7B | 44.1B | 48.9B | 53.4B | 57.0B | 60.5B | 63.8B | 67.8B | 74.8B | 75.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 8.6B | 8.9B | 9.5B | 9.2B | 8.0B | 8.4B | 8.2B | 7.9B | 7.5B | 7.5B | 7.6B | 10.7B | 10.9B |
| Working Capital | -1.9B | -2.3B | -3.8B | -3.3B | -2.0B | -2.0B | -5.2B | -3.1B | -3.3B | -1.8B | -1.3B | -2.9B | -2.5B |
| Current Assets | 3.6B | 2.7B | 2.1B | 3.7B | 3.4B | 3.6B | 5.1B | 5.5B | 7.1B | 6.8B | 7.2B | 7.7B | 7.2B |
| Current Liabilities | 5.5B | 4.9B | 5.9B | 7.1B | 5.4B | 5.5B | 10.3B | 8.6B | 10.3B | 8.6B | 8.4B | 10.5B | 9.7B |
| Per Share Data | |||||||||||||
| EPS | 4.89 | 3.10 | 3.97 | 1.72 | -1.30 | 3.77 | 1.98 | 2.00 | 1.60 | 3.11 | 3.31 | 11.55 | 9.23 |
| Owner EPS | 5.74 | 7.80 | 3.43 | 3.97 | 3.74 | -6.27 | -2.13 | -6.10 | 1.41 | 1.87 | 5.39 | 6.49 | 6.81 |
| Book Value | 39.38 | 40.69 | 42.96 | 42.21 | 38.88 | 45.50 | 37.64 | 41.87 | 40.84 | 40.27 | 40.12 | 45.55 | 45.01 |
| Cash Flow/Share | 9.85 | 13.70 | 9.85 | 10.95 | 9.76 | -0.90 | 3.38 | 0.03 | 8.41 | 8.84 | 12.93 | 15.03 | 17.88 |
| Dividends/Share | 1.48 | 1.73 | 1.98 | 2.23 | 2.43 | 2.48 | 2.58 | 2.69 | 2.84 | 2.99 | 3.17 | 3.36 | 3.36 |
| Shares Out. | 329.7M | 329.0M | 330.2M | 328.5M | 325.4M | 340.6M | 373.2M | 379.5M | 382.5M | 384.9M | 387.9M | 385.9M | 384.8M |
| Valuation | |||||||||||||
| P/E Ratio | 8.8 | 12.8 | 12.2 | 26.0 | N/A | 14.9 | 24.7 | 27.9 | 34.7 | 20.8 | 22.4 | 5.1 | 8.6 |
| P/FCF | N/A | 46.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 18.0 | 20.8 | 23.5 | 31.9 | N/A | 36.4 | 51.5 | 49.3 | 50.8 | 32.9 | 33.1 | 12.4 | 11.9 |
| Price/Book | 2.5 | 2.3 | 2.6 | 2.5 | N/A | 3.0 | 2.8 | 2.9 | 2.9 | 3.4 | 3.9 | 2.7 | 1.8 |
| Price/Sales | 2.0 | 2.6 | 3.0 | 3.3 | N/A | 3.2 | 2.8 | 2.6 | 2.6 | 3.0 | 3.3 | 2.3 | 1.6 |
| FCF Yield | -2.0% | 0.9% | -1.3% | -0.7% | N/A | -11.3% | -10.6% | -12.0% | -5.6% | -3.9% | -1.1% | -1.5% | -2.1% |
| Market Cap | 32.8B | 30.2B | 36.8B | 34.1B | N/A | 45.8B | 39.8B | 45.6B | 45.5B | 53.0B | 60.9B | 48.1B | 30.7B |
| Avg. Price | 35.54 | 39.94 | 47.12 | 53.47 | 45.00 | 48.83 | 46.13 | 47.73 | 54.44 | 59.91 | 70.19 | 53.90 | 79.75 |
| Year-End Price | 43.14 | 39.66 | 48.37 | 44.79 | 41.69 | 56.28 | 48.83 | 55.78 | 55.52 | 64.59 | 74.28 | 58.65 | 79.75 |
EDISON INTERNATIONAL passes 5 of 9 quality checks, suggesting mixed fundamentals.
EDISON INTERNATIONAL trades at 6.9x trailing earnings, compared to its 15-year median P/E of 22.4x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 5.5% with a gross margin of 41.8%. Total shareholder yield (dividends) is 4.3%. At current prices, the estimated annualized return to fair value is +15.4%.
EDISON INTERNATIONAL (EIX) has a net profit margin of 23.1%. This is a strong margin indicating high profitability.
EDISON INTERNATIONAL (EIX) generated $-715 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
EDISON INTERNATIONAL (EIX) has a debt-to-equity ratio of 2.36. This indicates higher leverage, which may increase financial risk.
EDISON INTERNATIONAL (EIX) reported earnings per share (EPS) of $11.55 in its most recent fiscal year.
EDISON INTERNATIONAL (EIX) has a return on equity (ROE) of 26.9%. This indicates the company generates strong returns for shareholders.
EDISON INTERNATIONAL (EIX) has a 5-year average gross margin of 41.8%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for EDISON INTERNATIONAL (EIX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EDISON INTERNATIONAL (EIX) has a book value per share of $45.55, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management emphasizes strengthened visibility into the regulatory environment following resolution of major proceedings in 2025, with a "cleaner regulatory slate" in 2026 providing greater certainty for capital recovery through 2028 under the approved General Rate Case. The company expects to execute a $38–41 billion capital plan from 2026 through 2030 driven by essential grid investments, load growth, and California's clean energy transition, supported by approximately 7% compound annual rate base growth. Management remains confident in delivering long-term 5%–7% core EPS growth without issuing new common equity through 2030, underpinned by disciplined cost management, operational performance, and the financial stability improvements from recent legislative protections. The company anticipates near-term load growth of up to 3% and projects electricity sales will nearly double over the next two decades, reflecting sustained demand from electrification, new housing, and commercial-industrial consumption.
Based on recent SEC filings and earnings calls, EDISON INTERNATIONAL (EIX) has provided the following forward guidance: Core EPS: $5.90–$6.20 (FY2026); Core EPS: $6.25–$6.65 (FY2027); Core EPS: $6.74–$7.14 (FY2028); Capital plan: $38–41 billion (2026–2030); SCE rate base compound annual growth: Approximately 7% (2025–2030), plus 1 additional metric.