Friday 6 November 2026
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Edison International
EIX Utilities Utilities Regulated Electric
Edison International’s revenue for fiscal 2025 (year ended December 2025) was $19.3 billion, up 9.76% from fiscal 2024.
- Revenue
- −15.0%
- EPS
- −13.0%
- Free cash flow
- +41.6%
- Total debt
- +8.73%
Quarter to September 2026, against a year earlier
61.02
0.46
−0.75%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 11,869 | 12,320 | 12,657 | 12,347 | 13,578 | 14,905 | 17,220 | 16,338 | 17,599 | 19,317 | 18,559 | +5.6% | 19,026 | 19,678 | 20,350 | +1.8% | |
| Gross margin, % | 61.86 | 60.45 | 57.29 | 60.81 | 63.68 | 62.83 | 62.98 | 66.42 | 70.40 | 74.46 | 74.02 | +12.6 pt | ||||||
| EBT | 1,590 | 949 | (1,089) | 1,127 | 566 | 789 | 662 | 1,515 | 1,563 | 5,992 | 4,499 | +15.9% | ||||||
| EBT margin, % | 13.40 | 7.70 | (8.60) | 9.13 | 4.17 | 5.29 | 3.84 | 9.27 | 8.88 | 31.02 | 24.24 | +17.6 pt | ||||||
| Net income | 1,425 | 668 | (316) | 1,405 | 871 | 925 | 824 | 1,407 | 1,546 | 4,701 | 3,805 | +14.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 36.41 | 37.79 | 38.83 | 36.31 | 36.40 | 39.22 | 45.20 | 42.66 | 45.59 | 50.17 | 48.21 | +3.6% | |||||
| Earnings | 4.02 | 1.73 | (1.30) | 3.78 | 1.98 | 2.00 | 1.61 | 3.12 | 3.33 | 11.58 | 9.45 | +12.5% | ||||||
| Cash flow | 9.98 | 11.03 | 9.75 | (0.90) | 3.39 | 0.03 | 8.44 | 8.88 | 12.99 | 15.06 | 18.09 | +4.7% | ||||||
| Capex | (11.50) | (11.79) | (13.83) | (14.34) | (14.70) | (14.49) | (15.17) | (14.22) | (14.78) | (16.92) | (18.43) | +4.4% | ||||||
| Free cash flow | (1.52) | (0.76) | (4.09) | (15.25) | (11.32) | (14.46) | (6.72) | (5.34) | (1.80) | (1.86) | (0.34) | +2.3% | ||||||
| Book value | 43.52 | 42.53 | 38.81 | 45.58 | 42.76 | 46.81 | 45.99 | 46.85 | 45.96 | 50.02 | 50.53 | +1.6% | ||||||
| Shares, m | 326 | 326 | 326 | 340 | 373 | 380 | 381 | 383 | 386 | 385 | 385 | +1.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 17.85 | 36.56 | 0.00 | 19.79 | 31.73 | 34.13 | 39.93 | 23.19 | 24.05 | 5.18 | 6.46 | 23.2 | |||||
| P/S | 1.97 | 1.67 | 1.46 | 2.08 | 1.73 | 1.74 | 1.42 | 1.70 | 1.75 | 1.20 | 1.27 | 1.7 | ||||||
| P/B | 1.65 | 1.49 | 1.46 | 1.65 | 1.47 | 1.64 | 1.58 | 1.70 | 1.91 | 1.23 | 1.21 | 1.6 | ||||||
| EV/Sales | 3.01 | 2.76 | 2.67 | 3.60 | 3.42 | 3.57 | 3.21 | 3.76 | 3.82 | 3.28 | 3.50 | 3.3 | ||||||
| EV/FCF | (72.24) | (137.83) | (25.37) | (8.58) | (10.99) | (9.67) | (21.56) | (30.02) | (96.98) | (88.58) | (491.80) | (50.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 3,254 | 3,597 | 3,177 | (307) | 1,263 | 11 | 3,216 | 3,401 | 5,014 | 5,800 | 6,965 | +6.6% | |||||
| Capex | (3,749) | (3,844) | (4,509) | (4,877) | (5,484) | (5,505) | (5,778) | (5,448) | (5,707) | (6,515) | (7,097) | +6.3% | ||||||
| Free cash flow | (495) | (247) | (1,332) | (5,184) | (4,221) | (5,494) | (2,562) | (2,047) | (693) | (715) | (132) | +4.2% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (3,789) | (3,339) | (2,036) | (1,963) | (5,216) | (3,118) | (3,277) | (1,787) | (1,284) | (2,850) | (2,220) | (3.1%) | |||||
| Net debt | 12,367 | 13,425 | 15,287 | 18,825 | 22,972 | 27,211 | 30,740 | 33,745 | 36,388 | 40,230 | 41,425 | +14.0% | ||||||
| Shareholders’ equity | 14,187 | 13,866 | 12,652 | 15,496 | 15,949 | 17,789 | 17,522 | 17,944 | 17,740 | 19,259 | 19,453 | +3.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 2.58 | 1.09 | (0.77) | 2.12 | 1.11 | 1.05 | 0.80 | 1.50 | 1.53 | 4.97 | 3.88 | +2.4 pt | |||||
| ROIC | 4.85 | 3.33 | (1.23) | 3.23 | 1.95 | 2.05 | 1.92 | 3.18 | 3.38 | 7.45 | 6.06 | +2.6 pt | ||||||
| ROE | 9.51 | 4.03 | (3.19) | 9.12 | 4.70 | 4.78 | 3.90 | 7.52 | 7.93 | 25.58 | 19.63 | +16.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 12,390 | 12,521 | 12,574 | 12,937 | 13,351 | 13,003 | 13,388 | 14,375 | 14,013 | 13,725 | — | +1.1% | |||||
| Revenue/emp, $m | 0.96 | 0.98 | 1.01 | 0.95 | 1.02 | 1.15 | 1.29 | 1.14 | 1.26 | 1.41 | — | +4.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Edison International vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DTE DTE Energy Company | $28.1B | 20.5× | 18.8× | +5.67% (above 0%: growing) | +11.88% (above 0%: growing) | +230.17% (above 0%: growing) | 0.00% | 16.18% | Compare |
| FE FirstEnergy Corporation | $27.3B | 22.6× | 17.1× | +9.86% (above 0%: growing) | +26.32% (above 0%: growing) | −44.47% (below 0%: shrinking) | 63.57% | 20.52% | Compare |
| ES Eversource Energy | $27.1B | 18.6× | 15.6× | +2.29% (above 0%: growing) | −85.42% (below 0%: shrinking) | +398.93% (above 0%: growing) | 67.64% | 18.63% | Compare |
| PPL PPL Corporation | $27.1B | 21.2× | 18.7× | +4.25% (above 0%: growing) | +24.00% (above 0%: growing) | −112.80% (below 0%: shrinking) | 71.67% | 22.50% | Compare |
| CNP CenterPoint Energy, Inc. | $26.5B | 22.8× | 23.3× | +10.21% (above 0%: growing) | +11.29% (above 0%: growing) | −27.29% (below 0%: shrinking) | 91.42% | 30.44% | Compare |
| EIX Edison International | $23.4B | 6.5× | 9.9× | −15.03% (below 0%: shrinking) | −12.96% (below 0%: shrinking) | +41.59% (above 0%: growing) | 65.47% | 20.06% | |
| CMS CMS Energy Corporation | $22.2B | 33.3× | 19.2× | +8.02% (above 0%: growing) | n/m | +26.30% (above 0%: growing) | 63.03% | 2.15% | Compare |
| EVRG Evergy Inc. | $20.2B | 18.9× | 20.1× | +15.84% (above 0%: growing) | +28.64% (above 0%: growing) | −62.16% (below 0%: shrinking) | 0.00% | 38.56% | Compare |
| LNT Alliant Energy Corporation | $19.1B | 20.3× | 20.8× | +6.20% (above 0%: growing) | +40.37% (above 0%: growing) | −103.43% (below 0%: shrinking) | 81.71% | 30.27% | Compare |
| Median of peers | $26.8B | 20.8× | 19.0× | +7.11% | +24.00% | −35.88% | 65.61% | 21.51% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
93.26%
Held by the ten largest
52.07%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 52.67m | 13.69% | +352.66k |
| BlackRock | 44.87m | 11.66% | −1.29m |
| State Street | 36.15m | 9.39% | +1.55m |
| AQR Capital Management | 18.47m | 4.80% | −2.18m |
| Geode Capital Management | 14.00m | 3.64% | +540.17k |
| UBS | 8.49m | 2.21% | +1.31m |
| Franklin Templeton | 7.25m | 1.88% | +510.19k |
| Goldman Sachs | 6.76m | 1.76% | +214.76k |
| Northern Trust | 6.08m | 1.58% | +77.99k |
| Norges Bank | 5.62m | 1.46% | +5.62m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 13 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 16.54m | 6.81m | 119.00 |
| 2024 | 13.81m | 21.04m | 150.00 |
| 2023 | 14.88m | 22.83m | 130.00 |
| 2022 | 12.19m | 11.74m | 111.00 |
| 2021 | 14.36m | 20.04m | 114.00 |
Ownership
Directors and executive officers, together
1.20%
The Vanguard Group
13.37%
BlackRock Inc.
10.10%
State Street Corporation
8.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Edison International (EIX) Latest News
31 Oct
30 Oct
29 Oct
26 Oct
22 Oct
16 Oct
15 Oct
EIX metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
From the latest earnings call
Updated