Edison InternationalEIX
NYSE•Utilities•Utilities - Regulated Electric
Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers through its electrical infrastructure to an approximately 50,000 square-mile area of southern, central, and coastal California. It serves residential, commercial, industrial, public authorities, agricultural, street lighting, and other sectors. The company's distribution network consists of approximately 13,000 circuit-miles of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and approximately 38,000 circuit-miles of overhead lines, approximately 32,000 circuit-miles of underground lines, and approximately 730 distribution substations. Edison International was founded in 1886 and is based in Rosemead, California.
Edison International (EIX) reported trailing twelve months revenue of $19.61B as of March 2026, a 13.1% increase year-over-year. Quarterly revenue reached $4.10B, reflecting continued top-line momentum.
Edison International generated $3.55B in TTM net income, with quarterly EBITDA of $1.91B. The operating margin contracted from 56.0% to 26.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (26.2%) and net margin (12.9%) indicates moderate non-operating costs. Net margin has narrowed from 37.7% a year ago, reflecting increased costs or interest expense.
EIX trades at a P/E of 7.9x (below the broader market average) and a P/S of 1.4x. The price-to-book ratio of 1.6x reflects a moderate premium to book value.
The company reported negative free cash flow of $-112.00M, indicating cash consumption over the period. The balance sheet shows $94.47B in total assets with $37.31B in long-term debt against $17.32B in stockholders equity for a debt-to-equity ratio of 2.2, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~29.6%, suggesting durable pricing power and cost discipline.
ROE averages 15.7% but has fluctuated — the competitive advantage may be cyclical or emerging.
Only 2 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (6 of 7 quarters up), with ~16.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~30.2% — no sign of cost or pricing stress.
Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.
D/E ratio of 2.2 is elevated. Monitor for further debt accumulation.
Revenue is stable or growing over recent quarters — demand appears durable.
6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Share count is stable — no significant dilution or buyback activity.