Edison International
EIX · NYSEElectric Services · Fiscal year ends Dec 31
Edison International reported revenue of $19.3B in the fiscal year ended Dec 2025, up 9.8% from the year before. Operating income was $7.1B, an operating margin of 36.7%, and net income was $4.5B. Operating cash flow of $5.8B less capital expenditure of $6.5B left free cash flow of −$715M. Net debt was $37.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B |
| Operating income | $1.5B | $1.5B | $2.6B | $2.9B | $7.1B |
| Interest expense | $925M | $1.2B | $1.6B | $1.9B | $1.5B |
| Pre-tax income | $789M | $662M | $1.5B | $1.6B | $6B |
| Income tax | −$136M | −$162M | $108M | $17M | $1.3B |
| Net income | $925M | $824M | $1.2B | $1.3B | $4.5B |
| Diluted EPS | 2.00 | 1.60 | 3.11 | 3.31 | 11.55 |
| Diluted shares | 380M | 383M | 385M | 388M | 386M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $390M | $914M | $345M | $193M | $158M |
| Receivables | $1.4B | $1.7B | $2B | $2.2B | $1.5B |
| Inventory | $420M | $474M | $527M | $538M | $535M |
| Current assets | $5.5B | $7.1B | $6.8B | $7.2B | $7.7B |
| Net PP&E | $50.7B | $53.5B | $56.1B | $59.3B | $63.3B |
| Total assets | $74.7B | $78B | $81.8B | $85.6B | $94B |
| Payables | $2B | $2.4B | $2B | $2B | $2.3B |
| Current liabilities | $8.6B | $10.3B | $8.6B | $8.4B | $10.5B |
| Short-term debt | $1.1B | $2.6B | $2.7B | $2B | $1.9B |
| Long-term debt | $24.2B | $27B | $30.3B | $33.5B | $36.1B |
| Total liabilities | $57B | $60.5B | $63.8B | $67.8B | $74.8B |
| Shareholders' equity | $15.9B | $15.6B | $15.5B | $15.6B | $17.6B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $11M | $3.2B | $3.4B | $5B | $5.8B |
| Capital expenditure | $5.5B | $5.8B | $5.4B | $5.7B | $6.5B |
| Free cash flow | −$5.5B | −$2.6B | −$2B | −$693M | −$715M |
| Depreciation & amortisation | $2.3B | $2.6B | $2.6B | $2.9B | $3.2B |
| Stock-based compensation | $39M | $42M | $46M | $57M | $57M |
| Share buybacks | – | $0 | $0 | $200M | $32M |
| Dividends paid | $988M | $1.1B | $1.1B | $1.2B | $1.3B |
| Dividend per share | 2.69 | 2.84 | 2.99 | 3.17 | 3.36 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.5% | −5.1% | 7.7% | 9.8% |
| Operating income growth (YoY) | – | 0.4% | 77.1% | 11.5% | 142.1% |
| EPS growth (YoY) | – | −20.0% | 94.4% | 6.4% | 248.9% |
| Operating margin | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% |
| Net margin | 6.2% | 4.8% | 7.3% | 7.3% | 23.1% |
| Return on equityBlank when equity is negative | 5.8% | 5.3% | 7.7% | 8.2% | 25.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 2.2% | 2.2% | 3.6% | 3.8% | 8.5% |
| Free cash flow margin | −36.9% | −14.9% | −12.5% | −3.9% | −3.7% |
| Cash conversion (CFO ÷ net income) | 0.01x | 3.90x | 2.84x | 3.90x | 1.30x |
| Receivable days | 34 | 36 | 45 | 45 | 28 |
| Interest cover | 1.60x | 1.27x | 1.63x | 1.57x | 4.61x |
| Debt ÷ equity | 1.59x | 1.90x | 2.13x | 2.29x | 2.16x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $24.9B | $28.7B | $32.7B | $35.4B | $37.8B |
| Current ratio | 0.64x | 0.68x | 0.79x | 0.85x | 0.73x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.