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Regulated electric utility (Southern California Edison) serving Southern and Central California, managing wildfire risk.
Regulated electric utility (Southern California Edison) serving Southern and Central California, managing wildfire risk.
Earns a return set by the California Public Utilities Commission on the value of the grid it has built, and passes the cost of the power it buys through to customers, so growth in its investment base matters more than power sales. A state wildfire fund set up in 2019 backs California utilities against part of wildfire claims.
Moat: narrow (regulatory licence, scale). Regulated California monopoly territory, though wildfire liability is an ongoing risk.
Headquarters: Rosemead, California, US · Founded: 1886 · Employees: 13,725
Size Edison International (EIX) is a United States Utilities company (Electric Utilities) with a market value of $22.8B, the 454th largest of 3,117 United States companies the cockpit tracks. Shares closed at $59.37 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 2.6% over the last twelve months (peer median +7.8%); the operating margin is 26.8% (peer median 21.3%).
Valuation It trades at 9.2× forward earnings against a peer median of 17.5× (4th cheapest of 20).
Capital Return on invested capital runs 0.2 points above its cost of capital (6.2% WACC).
Credit Edison International has 59 bonds outstanding ($35.2B), rated BBB+ by the agencies and trading like BBB- at a weighted spread of 126 bp.
Short interest Short interest is 4.9% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.6B | $19.3B | $17.6B | $16.3B | $17.2B |
| Revenue growth | — | +10% | +8% | -5% | — |
| Gross profit | $5.82B | $6.05B | $4.35B | $4.08B | $3.56B |
| EBITDA | $8.31B | $8.48B | $6.52B | $6.02B | $5.48B |
| Net income | $3.73B | $4.55B | $1.37B | $1.28B | $717M |
| Free cash flow | -$132M | -$715M | -$693M | -$2.05B | -$2.56B |
| Capital expenditure | $7.10B | $6.51B | $5.71B | $5.45B | $5.78B |
| Total debt | $42.7B | $41.5B | $37.8B | $35.3B | $33.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Edison International EIX | $22.8B | -14% | +3% | 27% | 9.2× | n/a |
| PG&E PCG | $28.6B | -19% | +4% | 20% | 7.4× | n/a |
| Sempra SRE | $51.1B | -14% | +1% | 25% | 15.2× | n/a |
| Xcel Energy XEL | $51.1B | +1% | +4% | 22% | 18.1× | n/a |
| Pinnacle West Capital PNW | $12.6B | +5% | +8% | 23% | 19.1× | n/a |
| Hawaiian Electric Industries HE | $1.45B | -43% | +2% | 11% | 5.2× | n/a |
| Avista AVA | $3.37B | -1% | -1% | 19% | 15.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EIX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.3% | +5.9% | 4th highest of 21 |
| 6-month return | -13.9% | +0.2% | 4th lowest of 21 |
| Distance from 52-week high | -27.3% | -10.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +2.6% | +7.8% | 6th lowest of 21 |
| Operating margin | 26.8% | 21.3% | 4th highest of 21 |
| Forward P/E | 9.2× | 17.5× | 4th cheapest of 20 |
| ROIC minus cost of capital | +0.2 pp | -1.6 pp | 5th highest of 21 |
| EV / EBITDA | 8.1× | 12.6× | 2nd cheapest of 18 |
| Net debt / EBITDA | 5.1× | 5.6× | 7th least indebted of 19 |
| Bond spread | 126 bp | 78 bp | 2nd widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Edison International EIX | United States | $22.8B | -14% | +3% | 27% | 9.2× | n/a | n/a |
| Fortum FORTUM.HE | Finland | $23.3B | +15% | +14% | 17% | 23.4× | 9.2% | -36.7% |
| Terna TRN.MI | Italy | $22.0B | -2% | +11% | 42% | 17.8× | n/a | n/a |
| CMS Energy CMS | United States | $21.7B | -5% | +8% | 20% | 17.1× | n/a | n/a |
| Cki 1038.HK | Hong Kong | $21.6B | +9% | -9% | -3% | 7.1× | -0.9% | -9.3% |
| ENBW Energie Baden-Wuerttemberg EBK.DE | Germany | $24.2B | -3% | +9% | 5% | n/a | 5.2% | +11.8% |
| Hydro One H.TO | Canada | $24.7B | -2% | +9% | 24% | 24.5× | n/a | n/a |
| Uniper UN0.DE | Germany | $20.6B | 0% | -14% | -8% | 33.3× | 1.7% | +3.6% |
| Power Grid Corporation of India POWERGRID.NS | India | $25.6B | -17% | +3% | 55% | 14.4× | n/a | n/a |
| Evergy EVRG | United States | $20.2B | +8% | +4% | 26% | 19.4× | n/a | n/a |
| Clp 0002.HK | Hong Kong | $26.1B | +7% | -2% | 16% | 17.9× | 1.6% | +2.0% |
| Eversource Energy ES | United States | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% | +8.8% |
| FirstEnergy FE | United States | $26.9B | +5% | +12% | 19% | 16.1× | n/a | n/a |
| PPL PPL | United States | $26.9B | 0% | +7% | 24% | 17.0× | n/a | n/a |
| CenterPoint Energy CNP | United States | $27.0B | -2% | +8% | 24% | 19.9× | n/a | n/a |
| SDIC Power 600886.SS | China | $19.0B | +16% | -3% | 32% | 17.5× | -1.6% | +6.5% |
| Adani Energy Solutions ADANIENSOL.NS | India | $18.9B | +5% | +33% | 25% | 37.4× | n/a | n/a |
| Alliant Energy LNT | United States | $18.8B | +1% | +5% | 23% | 20.8× | n/a | n/a |
| DTE Energy DTE | United States | $28.1B | -3% | +18% | 13% | 16.6× | n/a | n/a |
| NRG Energy NRG | United States | $18.6B | -36% | +13% | 5% | 9.0× | 15.4% | +27.9% |
| PG&E PCG | United States | $28.6B | -19% | +4% | 20% | 7.4× | n/a | n/a |
Edison International has 59 bonds outstanding with $35.2B face value. The agencies rate it BBB+; its bonds trade like BBB-. Weighted yield 6.14%, a spread of 126 bp over government bonds.