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 7.8x (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.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation