EIX Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About EIX Interactive Breakdown Better Bets vs. EIX Peer Outperformance Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Clinical Pipeline Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Investor Activity (13F) Trade Sentinel Investor Videos Industry Resource Links External Quote Links

    Edison International (EIX)

    Market Price (9/16/2026): $54.89 | Market Cap: $21.1 BilInvestor Relations Sector: Utilities | Industry: Electric Utilities

    Edison International (EIX)

    Market Price (9/16/2026): $54.89
    Market Cap: $21.1 Bil
    Sector: Utilities
    Industry: Electric Utilities

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 25%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 21%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 6.4 Bil

    Stock buyback support
    Stock Buyback 3Y Total is 3.4 Bil

    Low stock price volatility
    Vol 12M is 37%

    Megatrend and thematic drivers
    Megatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Battery Storage & Grid Modernization, Show more.

    Weak multi-year price returns
    2Y Excs Rtn is -66%, 3Y Excs Rtn is -79%

    Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 206%

    Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -4.1%

    Not cash flow generative
    FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.0%

    Key risks
    EIX key risks include [1] substantial financial liabilities from catastrophic wildfires linked to its equipment, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 25%, Dividend Yield is 6.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 21%
    1 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 6.4 Bil
    2 Stock buyback support
    Stock Buyback 3Y Total is 3.4 Bil
    3 Low stock price volatility
    Vol 12M is 37%
    4 Megatrend and thematic drivers
    Megatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Electrification of Everything. Themes include Battery Storage & Grid Modernization, Show more.
    5 Weak multi-year price returns
    2Y Excs Rtn is -66%, 3Y Excs Rtn is -79%
    6 Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 206%
    7 Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -4.1%
    8 Not cash flow generative
    FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.0%
    9 Key risks
    EIX key risks include [1] substantial financial liabilities from catastrophic wildfires linked to its equipment, Show more.

    EIX in ETFs

    Weight = EIX's share of each fund

    SPY0.03%
    VOO0.04%
    IVV0.03%
    VTI0.03%
    ITOT0.03%
    IWB0.03%
    RSP0.15%
    VTV0.10%
    +26 more covered ETFs

    Valuation & Metrics

    FYE: 12/31EIX [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$19.4 Bil—
    FY 2026 Sales$19.1 Bil—
    FY 2027 Sales$19.7 Bil—
    FY 2026 Sales Growth-1.7%—
    FY 2027 Sales Growth3.3%12.8%
    EARNINGS
    LTM Net Income (GAAP) [3]$3.9 Bil—
    FY 2026 Net Income (Non-GAAP)$2.4 Bil—
    FY 2027 Net Income (Non-GAAP)$2.5 Bil—
    FY 2027 Net Income Growth6.3%18.1%
    FY 2026 EPS (Non-GAAP)$6.13—
    FY 2027 EPS (Non-GAAP)$6.51—
    FY 2027 EPS Growth6.1%—
    VALUATION
    FY 2026 P/S1.11.6
    FY 2027 P/S1.1—
    FY 2026 P/E8.97.6
    FY 2027 P/E8.4—

    [1] EIX forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    null

    AI Analysis | Feedback

    MetricValueDateSource
    Total Customer Accountsapproximately 5,000,0003312025Link
    Service Territory Size50,000 square miles3312025Link
    Miles of Covered Conductor Installedover 6,8009302025Link
    System Average Interruption Duration Index (SAIDI)158.30 minutes12312024Link
    System Average Interruption Frequency Index (SAIFI)0.9912312024Link

    Price Chart

    No Events

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/15/2026

    Edison International (EIX) stock has lost about 20% since 5/31/2026 because of the following key factors:

    1. Failure of California Wildfire Liability Reform on August 31, 2026.

    Edison International stock experienced a significant decline, crashing 23% on August 31, 2026, which was its steepest single-day drop in over 25 years. This was primarily due to the California Senate Bill 492 (SB 492) omitting crucial liability protections for utilities regarding wildfire-related lawsuits. The final version of the bill did not include Governor Gavin Newsom's proposal to shield utilities from insurer subrogation lawsuits, thereby removing the anticipated legal backstop that was expected to cap wildfire costs and leading to a market repricing of the stock.

    2. Increased Wildfire Liability Exposure and Unquantified Future Costs.

    The failure of wildfire liability reform exacerbated concerns over Edison International's ongoing exposure to wildfire-related claims. As of June 30, 2026, the company's subsidiary, Southern California Edison (SCE), had recorded $1.6 billion in Eaton Fire settlement-related losses. However, SCE indicated it was unable to estimate potential future losses from the fire, creating an "equity liability with no reliable ceiling." This uncertainty regarding substantial unquantified liabilities continues to present a significant risk to the company's financial outlook.

    Show more
    Updated on 9/15/2026

    Edison International (EIX) stock has lost about 20% since 5/31/2026 because of the following key factors:

    1. Failure of California Wildfire Liability Reform on August 31, 2026.

    Edison International stock experienced a significant decline, crashing 23% on August 31, 2026, which was its steepest single-day drop in over 25 years. This was primarily due to the California Senate Bill 492 (SB 492) omitting crucial liability protections for utilities regarding wildfire-related lawsuits. The final version of the bill did not include Governor Gavin Newsom's proposal to shield utilities from insurer subrogation lawsuits, thereby removing the anticipated legal backstop that was expected to cap wildfire costs and leading to a market repricing of the stock.

    2. Increased Wildfire Liability Exposure and Unquantified Future Costs.

    The failure of wildfire liability reform exacerbated concerns over Edison International's ongoing exposure to wildfire-related claims. As of June 30, 2026, the company's subsidiary, Southern California Edison (SCE), had recorded $1.6 billion in Eaton Fire settlement-related losses. However, SCE indicated it was unable to estimate potential future losses from the fire, creating an "equity liability with no reliable ceiling." This uncertainty regarding substantial unquantified liabilities continues to present a significant risk to the company's financial outlook.

    3. Negative Analyst Sentiment and Multiple Downgrades.

    Following the legislative setback and persistent wildfire concerns, EIX received several analyst downgrades and price target reductions. Over a 90-day period leading up to mid-September 2026, analysts issued four downgrades and no upgrades for the stock. Key downgrades included Mizuho cutting EIX to Neutral from Outperform with a reduced price target of $70 on August 31, 2026, and Bank of America lowering its rating to Neutral from Buy while significantly cutting its price target from $81.00 to $51.00 on September 1, 2026. This shift led to a consensus analyst rating of "Reduce" with an average 12-month price objective of $64.5455 as of September 11, 2026.

    4. Mixed Fiscal Q2 2026 Earnings with Revenue Miss and Wildfire Outlook Warning.

    Edison International (fiscal year ending December 31) reported its fiscal Q2 2026 earnings on July 30, 2026. While the company exceeded core earnings per share (EPS) estimates, reporting $1.54 core EPS against analyst consensus of $1.04 to $1.18, its quarterly revenue fell short. Revenue decreased by 4.1% year-over-year to $4.36 billion, missing analyst estimates of $4.82 billion. The stock dipped 6.8% in the trading session immediately following the earnings release. During the earnings call, management explicitly warned that failure to achieve a credit-supportive wildfire framework by the August 31 legislative deadline would likely trigger credit rating downgrades, highlighting the critical nature of the upcoming legislative outcome.

    Show less
    Holding a concentrated position? Know your true downside before the momentum shifts.
    Protect Your Wealth →

    Stock Movement Drivers

    Fundamental Drivers

    The -21.1% change in EIX stock from 5/31/2026 to 9/15/2026 was primarily driven by a -24.3% change in the company's P/E Multiple.
    (LTM values as of)53120269152026Change
    Stock Price ($)69.1254.56-21.1%
    Change Contribution By: 
    Total Revenues ($ Mil)19,60919,423-0.9%
    Net Income Margin (%)19.3%20.3%5.3%
    P/E Multiple7.05.3-24.3%
    Shares Outstanding (Mil)3853850.0%
    Cumulative Contribution-21.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/15/2026
    ReturnCorrelation
    EIX-21.1% 
    Market (SPY)0.1%-8.7%
    Sector (XLU)-7.0%52.2%

    Fundamental Drivers

    The -25.2% change in EIX stock from 2/28/2026 to 9/15/2026 was primarily driven by a -16.6% change in the company's Net Income Margin (%).
    (LTM values as of)22820269152026Change
    Stock Price ($)72.9854.56-25.2%
    Change Contribution By: 
    Total Revenues ($ Mil)19,31719,4230.5%
    Net Income Margin (%)24.3%20.3%-16.6%
    P/E Multiple6.05.3-10.8%
    Shares Outstanding (Mil)3853850.0%
    Cumulative Contribution-25.2%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/15/2026
    ReturnCorrelation
    EIX-25.2% 
    Market (SPY)10.7%-0.1%
    Sector (XLU)-12.8%48.9%

    Fundamental Drivers

    The 2.6% change in EIX stock from 8/31/2025 to 9/15/2026 was primarily driven by a 23.8% change in the company's Net Income Margin (%).
    (LTM values as of)83120259152026Change
    Stock Price ($)53.2054.562.6%
    Change Contribution By: 
    Total Revenues ($ Mil)17,53919,42310.7%
    Net Income Margin (%)16.4%20.3%23.8%
    P/E Multiple7.15.3-25.2%
    Shares Outstanding (Mil)3853850.0%
    Cumulative Contribution2.6%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/15/2026
    ReturnCorrelation
    EIX2.6% 
    Market (SPY)18.4%1.2%
    Sector (XLU)0.1%50.1%

    Fundamental Drivers

    The -8.0% change in EIX stock from 8/31/2023 to 9/15/2026 was primarily driven by a -73.2% change in the company's P/E Multiple.
    (LTM values as of)83120239152026Change
    Stock Price ($)59.3254.56-8.0%
    Change Contribution By: 
    Total Revenues ($ Mil)17,17419,42313.1%
    Net Income Margin (%)6.6%20.3%205.5%
    P/E Multiple19.95.3-73.2%
    Shares Outstanding (Mil)383385-0.5%
    Cumulative Contribution-8.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/15/2026
    ReturnCorrelation
    EIX-8.0% 
    Market (SPY)74.1%21.5%
    Sector (XLU)42.7%58.2%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    EIX Return14%-3%17%15%-20%-3%16%
    Peers Return15%14%-2%21%6%-4%58%
    S&P 500 Return27%-19%24%23%16%11%103%

    Monthly Win Rates [3]
    EIX Win Rate58%50%58%67%67%56% 
    Peers Win Rate52%60%57%63%63%42% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    EIX Max Drawdown-15%-23%-16%-12%-38%-33% 
    Peers Max Drawdown-16%-25%-19%-12%-19%-18% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: PCG, SRE, EXC, AEP, PEG. See EIX Returns vs. Peers.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/15/2026 (YTD)

    How Low Can It Go

    EventEIXS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-15.2%-9.5%
      % Gain to Breakeven17.9%10.5%
      Time to Breakeven82 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-15.9%-24.5%
      % Gain to Breakeven18.9%32.4%
      Time to Breakeven41 days427 days
    2020 COVID-19 Crash
      % Loss-42.0%-33.7%
      % Gain to Breakeven72.3%50.9%
      Time to Breakeven737 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-31.0%-19.2%
      % Gain to Breakeven45.0%23.8%
      Time to Breakeven148 days105 days
    2013 Taper Tantrum
      % Loss-14.8%-0.2%
      % Gain to Breakeven17.4%0.2%
      Time to Breakeven169 days1 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-15.1%-17.9%
      % Gain to Breakeven17.8%21.8%
      Time to Breakeven74 days123 days

    Compare to PCG, SRE, EXC, AEP, PEG

    In The Past

    Edison International's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventEIXS&P 500
    2020 COVID-19 Crash
      % Loss-42.0%-33.7%
      % Gain to Breakeven72.3%50.9%
      Time to Breakeven737 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-31.0%-19.2%
      % Gain to Breakeven45.0%23.8%
      Time to Breakeven148 days105 days
    2008-2009 Global Financial Crisis
      % Loss-55.2%-53.4%
      % Gain to Breakeven123.1%114.4%
      Time to Breakeven1307 days1085 days

    Compare to PCG, SRE, EXC, AEP, PEG

    In The Past

    Edison International's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Edison International (EIX)

    Edison International (EIX) is a major utility company primarily focused on the generation and distribution of electric power. The company is responsible for delivering essential electricity services across a significant and populous region of California.

    EIX serves a vast customer base of 15 million, providing electricity to residential, commercial, industrial, public authority, and agricultural customers throughout Southern, Central, and Coastal California. In addition to power delivery, the company also offers specialized energy solutions to its commercial and industrial users.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Edison International:

    • Like your local internet provider (e.g., Comcast or AT&T), but they deliver electricity.
    • Like a water utility, but they deliver electricity to a vast region of California.
    • Like UPS or FedEx, but they deliver electricity through power lines instead of packages.

    AI Analysis | Feedback

    • Electric Power: Edison International generates, transmits, and distributes electricity to residential, commercial, and industrial customers across Southern, Central, and Coastal California.
    • Energy Solutions: The company provides specialized energy solutions tailored for commercial and industrial users.

    AI Analysis | Feedback

    Edison International primarily serves various categories of customers, including individuals and businesses, across Southern, Central, and Coastal California. Its major customer categories include:

    • Residential customers
    • Commercial customers
    • Industrial customers

    AI Analysis | Feedback

    • NextEra Energy (NEE)
    • The AES Corporation (AES)
    • Eaton Corporation (ETN)
    • ABB Ltd (ABB)

    AI Analysis | Feedback

    Pedro Pizarro, President and Chief Executive Officer

    Pedro Pizarro joined Edison International in 1999 and was elected Chief Executive Officer in October 2016. Previously, he served as president of Edison Mission Energy (EME), a subsidiary of Edison International, from 2011 until the sale of its assets to NRG Energy in April 2014. Before joining Edison International and Southern California Edison, Mr. Pizarro was a senior engagement manager with McKinsey & Company, where his work included corporate strategy, mergers and acquisitions, and operational and organizational engagements for energy, technology, engineering services, and banking clients. He holds a Ph.D. in chemistry from the California Institute of Technology and a bachelor's degree in chemistry from Harvard University.

    Maria Rigatti, Executive Vice President and Chief Financial Officer

    Maria Rigatti became Executive Vice President and Chief Financial Officer of Edison International in October 2016. Before this role, she was Senior Vice President and CFO at Southern California Edison from July 2014 to September 2016. Prior to that, Ms. Rigatti was Senior Vice President and CFO at Edison Mission Energy (EME) from December 2010 to April 2014 and was actively involved in the sale of substantially all of EME's assets to NRG Energy in 2014. She previously held positions at PIRA Energy Group, Gas Energy Inc., and The Chase Manhattan Bank. Ms. Rigatti earned an MBA in finance from New York University and a bachelor's degree in finance from Manhattan College.

    Caroline Choi, Executive Vice President, Public Policy & Corporate Affairs

    Caroline Choi serves as Executive Vice President of Public Policy & Corporate Affairs for Edison International and its utility subsidiary, Southern California Edison.

    Adam S. Umanoff, Executive Vice President, General Counsel and Corporate Secretary

    Adam S. Umanoff has been Executive Vice President and General Counsel at Edison International since January 2015, also serving as Corporate Secretary.

    Steven D. Powell, President and Chief Executive Officer, Southern California Edison

    Steven D. Powell is the President and Chief Executive Officer of Southern California Edison (SCE), Edison International's primary subsidiary.

    AI Analysis | Feedback

    Key Risks to Edison International (EIX)

    The primary risks to Edison International's business are centered around its operations as an electric utility in California, particularly concerning environmental, regulatory, and security challenges.

    1. Wildfire Risk and Associated Liabilities: Edison International faces significant financial and operational risks due to the persistent threat of catastrophic wildfires in California. The company's equipment can potentially cause or contribute to these fires, leading to substantial liabilities, legal challenges, and unquantified wildfire litigation (such as the Eaton Fire). These risks can severely impact the company's financial stability, increase insurance premiums, and necessitate considerable investments in infrastructure for mitigation, including grid hardening and undergrounding power lines.

    2. Regulatory and Legislative Environment: As a regulated utility in California, Edison International is heavily influenced by the state's complex regulatory and legislative landscape. This includes the need for approval from the California Public Utilities Commission (CPUC) for major capital plans and rate increases. There is a risk of disallowance of cost recovery for significant investments and exposure to policy uncertainty stemming from upcoming elections and new wildfire legislation (e.g., SB 254). Regulatory restrictions on operational measures, such as Public Safety Power Shutoffs (PSPS), also pose challenges. Furthermore, competition from Community Choice Aggregators (CCAs) and Electric Service Providers (ESPs) presents an ongoing risk to the company's market position.

    3. Cybersecurity and Physical Security Risks: Edison International is exposed to risks from successful cyberattacks or physical security breaches on its information technology and operational technology systems. The increasing sophistication and dynamic nature of these threats require continuous vigilance and investment to prevent disruptions to operations or material impacts on its financial condition.

    AI Analysis | Feedback

    The clear emerging threats for Edison International (EIX) are:

    1. Distributed Energy Resources (DERs): The accelerating adoption of rooftop solar panels combined with rapidly advancing battery storage technologies enables customers to generate and store their own electricity. This reduces their reliance on EIX for power supply, directly impacting the utility's electricity sales volume and revenue. This trend is akin to Netflix displacing Blockbuster by offering an alternative means of accessing content, as customers find alternative ways to source their energy needs outside the traditional utility grid.
    2. Community Choice Aggregators (CCAs): In California, CCAs are local governmental entities that procure electricity for residents and businesses within their jurisdictions. While EIX continues to operate and maintain the transmission and distribution infrastructure, CCAs take over the power procurement and supply relationship with customers. This disintermediates EIX from a significant portion of its customer base regarding electricity generation and supply, shifting a core revenue stream and customer relationship to another entity, much like how Uber challenged the traditional direct customer relationship of taxicab companies.

    AI Analysis | Feedback

    The addressable market for Edison International's main products and services is detailed below:

    • Electric Power Generation and Distribution: The addressable market size for the Electric Power Transmission industry in California, which includes electric bulk power transmission and control, electric power distribution, and wholesale electricity brokering and marketing, is projected to be $51.4 billion in 2026. This market size is for the state of California, where Edison International, through its subsidiary Southern California Edison (SCE), delivers electricity to 15 million customers across Southern, Central, and Coastal California.

    • Energy Solutions: Null

    AI Analysis | Feedback

    Here are the expected drivers of future revenue growth for Edison International (EIX) over the next 2-3 years:
    1. Rate Base Growth from Capital Investments: Edison International plans substantial capital expenditures, ranging from $28 billion to $29 billion between 2024 and 2028, and a $38-$41 billion capital plan for 2026-2030, primarily focused on grid modernization, infrastructure replacement, and wildfire mitigation. These investments are projected to drive an annual rate base growth of 7-8%, upon which the company can earn a regulated return, directly contributing to revenue growth.
    2. Favorable Regulatory Outcomes and Rate Adjustments: Approved General Rate Cases (GRC) by the California Public Utilities Commission (CPUC) are a significant driver, allowing Southern California Edison (SCE) to recover costs and earn a return on its investments. The 2025 GRC, for instance, authorized substantial base revenues and supported critical capital investments, which will contribute to revenue. Settlements for wildfire cost recovery, such as the TKM and Woolsey agreements, also positively impact revenue through authorized cost recovery and reduced interest expense.
    3. Increased Demand from Electrification and Load Growth: The ongoing electrification trends in California, including the growing adoption of electric vehicles (EVs), new housing developments, and industrial expansion, are expected to drive increased electricity demand. This includes substantial load growth from large-scale users like data centers. SCE projects a 35% load growth by 2035 and 80% by 2045, reflecting a significant long-term driver for revenue.
    4. Wildfire Mitigation and Grid Hardening Investments: Continued strategic investments in wildfire mitigation and grid hardening measures, such as the installation of covered conductors and other infrastructure resilience programs, are crucial for safe and reliable operations in California. These necessary investments receive regulatory support for cost recovery, thereby adding to the rate base and contributing to revenue generation.

    AI Analysis | Feedback

    Share Repurchases

    • Edison International's Board of Directors authorized a stock repurchase program of up to $200 million, effective July 29, 2024, and continuing until December 31, 2025. This program is intended to offset dilution from common stock issued under the company's long-term incentive compensation programs.

    Share Issuance

    • Edison International projects no equity issuance through 2030, with its financing plan through that period relying on operating cash flow and incremental debt.

    Capital Expenditures

    • Southern California Edison (SCE), a subsidiary of Edison International, plans capital spending of approximately $38 billion to $41 billion from 2026 to 2030.
    • SCE anticipates $7 billion in capital expenditures for 2026.
    • The primary focus of these capital expenditures includes distribution grid reliability, resilience, wildfire mitigation, and electrification efforts across Southern, Central, and Coastal California.

    Better Bets vs. Edison International (EIX)

    SECTOR: Utilities

    Higher Rev Chg 3Y Avg | Lower P/S (Values for EIX: 4.3% | 1.1x)

    FLNC (9.9% | 0.5x)
    Fluence Energy
    GNE (11.9% | 0.8x)
    Genie Energy

    Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EIX: 4.3% | 4.7x)

    BIPC (26.0% | 1.9x)
    Brookfield Infrastructure

    Higher Rev Chg LTM (Value for EIX: 10.7%)

    CEG (26.0%)
    Constellation Energy
    D (19.0%)
    Dominion Energy
    DTE (15.9%)
    DTE Energy
    PEG (12.7%)
    Public Service Enterprise
    NEE (10.8%)
    NextEra Energy

    Higher Rev Chg 3Y Avg (Value for EIX: 4.3%)

    D (7.3%)
    Dominion Energy
    CEG (6.9%)
    Constellation Energy
    VST (6.7%)
    Vistra
    AEP (5.5%)
    American Electric Power
    DUK (4.6%)
    Duke Energy

    Higher Op Mgn LTM (Value for EIX: 23.1%)

    NEE (28.3%)
    NextEra Energy
    D (28.1%)
    Dominion Energy
    DUK (26.6%)
    Duke Energy
    SO (24.2%)
    Southern
    AEP (23.4%)
    American Electric Power

    Higher CFO/Rev LTM (Value for EIX: 32.9%)

    NEE (48.1%)
    NextEra Energy
    SRE (40.0%)
    Sempra
    SO (35.3%)
    Southern
    DUK (34.8%)
    Duke Energy
    AEP (33.8%)
    American Electric Power

    Higher FCF/Rev LTM (Value for EIX: -2.0%)

    VST (11.7%)
    Vistra
    NEE (10.6%)
    NextEra Energy
    PEG (2.2%)
    Public Service Enterprise
    ES (1.7%)
    Eversource Energy
    CEG (1.0%)
    Constellation Energy

    Higher Total Yield (Value for EIX: 25.0%)

    CPWR (3704.7%)
    Ocean Thermal Energy

    All Other Sectors

    Higher Rev Chg 3Y Avg | Lower P/S (Values for EIX: 4.3% | 1.1x)

    UNH (8.9% | 0.8x)
    UnitedHealth
    CVS (7.0% | 0.3x)
    CVS Health
    MCK (13.2% | 0.3x)
    McKesson
    ELV (6.7% | 0.5x)
    Elevance Health
    CI (131.9% | 0.3x)
    Cigna

    Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for EIX: 4.3% | 4.7x)

    IBKR (21.3% | 4.1x)
    Interactive Brokers
    RCI (10.7% | 3.8x)
    Rogers Communications
    SNEX (38.2% | 4.4x)
    StoneX
    JEF (18.9% | 2.1x)
    Jefferies Financial
    BTG (28.9% | 4.0x)
    B2Gold

    Higher Rev Chg LTM (Value for EIX: 10.7%)

    NVDA (83.4%)
    NVIDIA
    GOOGL (20.1%)
    Alphabet
    MSFT (17.8%)
    Microsoft
    AMZN (15.8%)
    Amazon.com
    AAPL (14.2%)
    Apple

    Higher Rev Chg 3Y Avg (Value for EIX: 4.3%)

    NVDA (116.5%)
    NVIDIA
    MSFT (16.1%)
    Microsoft
    GOOGL (15.5%)
    Alphabet
    AMZN (13.0%)
    Amazon.com
    AAPL (6.9%)
    Apple

    Higher Op Mgn LTM (Value for EIX: 23.1%)

    NVDA (65.2%)
    NVIDIA
    MSFT (46.8%)
    Microsoft
    META (38.1%)
    Meta Platforms
    AAPL (33.2%)
    Apple
    GOOGL (33.1%)
    Alphabet

    Higher CFO/Rev LTM (Value for EIX: 32.9%)

    META (57.1%)
    Meta Platforms
    MU (57.0%)
    Micron Technology
    MSFT (55.1%)
    Microsoft
    NVDA (44.3%)
    NVIDIA
    GOOGL (41.6%)
    Alphabet

    Higher FCF/Rev LTM (Value for EIX: -2.0%)

    NVDA (41.9%)
    NVIDIA
    AAPL (29.3%)
    Apple
    MSFT (20.2%)
    Microsoft
    GOOGL (11.9%)
    Alphabet
    AMZN (-1.5%)
    Amazon.com

    Higher Total Yield (Value for EIX: 25.0%)

    FNMA (50.9%)
    Federal National Mortgage Association Fannie Mae
    BCE (37.7%)
    BCE
    RCI (37.5%)
    Rogers Communications
    NLY (31.9%)
    Annaly Capital Management
    CHTR (29.0%)
    Charter Communications

    Best Bets in Utilities

    What You Pay

    P/EBIT (Value for EIX: 3.1x)

    CWEN (13.8x)
    Clearway Energy
    LNT (14.5x)
    Alliant Energy
    NEE (16.2x)
    NextEra Energy
    VST (12.6x)
    Vistra
    NFG (7.4x)
    National Fuel Gas
    MDU (11.7x)
    MDU Resources
    UGI (6.8x)
    UGI
    NRG (10.8x)
    NRG Energy
    WEC (12.4x)
    WEC Energy
    BKH (9.4x)
    Black Hills

    P/E (Value for EIX: 5.3x)

    CWEN (39.8x)
    Clearway Energy
    LNT (20.9x)
    Alliant Energy
    NEE (18.2x)
    NextEra Energy
    VST (21.5x)
    Vistra
    NFG (11.5x)
    National Fuel Gas
    MDU (19.8x)
    MDU Resources
    UGI (12.1x)
    UGI
    NRG (26.3x)
    NRG Energy
    WEC (19.9x)
    WEC Energy
    BKH (17.8x)
    Black Hills
    What You Get

    Rev Chg 3Y Avg (Value for EIX: 4.3%)

    CWEN (6.8%)
    Clearway Energy
    LNT (2.1%)
    Alliant Energy
    NEE (2.3%)
    NextEra Energy
    VST (6.7%)
    Vistra
    NFG (4.8%)
    National Fuel Gas
    MDU (223.5%)
    MDU Resources
    UGI (-7.7%)
    UGI
    NRG (3.1%)
    NRG Energy
    WEC (3.3%)
    WEC Energy
    BKH (-3.3%)
    Black Hills

    Rev Chg LTM (Value for EIX: 10.7%)

    CWEN (9.9%)
    Clearway Energy
    LNT (6.8%)
    Alliant Energy
    NEE (10.8%)
    NextEra Energy
    VST (3.8%)
    Vistra
    NFG (15.1%)
    National Fuel Gas
    MDU (-1.1%)
    MDU Resources
    UGI (-0.5%)
    UGI
    NRG (12.8%)
    NRG Energy
    WEC (8.9%)
    WEC Energy
    BKH (2.5%)
    Black Hills

    Rev Chg Q (Value for EIX: -4.1%)

    CWEN (22.7%)
    Clearway Energy
    LNT (1.0%)
    Alliant Energy
    NEE (12.4%)
    NextEra Energy
    VST (-5.5%)
    Vistra
    NFG (1.1%)
    National Fuel Gas
    MDU (6.9%)
    MDU Resources
    UGI (-4.5%)
    UGI
    NRG (11.0%)
    NRG Energy
    WEC (2.6%)
    WEC Energy
    BKH (3.1%)
    Black Hills

    FCF/Rev 3Y Avg (Value for EIX: -4.1%)

    CWEN (34.6%)
    Clearway Energy
    LNT (26.9%)
    Alliant Energy
    NEE (13.8%)
    NextEra Energy
    VST (12.2%)
    Vistra
    NFG (7.2%)
    National Fuel Gas
    MDU (6.9%)
    MDU Resources
    UGI (4.9%)
    UGI
    NRG (3.8%)
    NRG Energy
    WEC (-1.6%)
    WEC Energy
    BKH (-3.3%)
    Black Hills
    [1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
    [2] Historical annualized return of 9.3%, alpha of -0.5%, and sharpe of 0.48

    Peer Outperformance in Electric Utilities

    EIX has trailed 83% of its 23 Electric Utilities peers over 5Y. Among the peers that beat it are VST, ETR and AEP. Electric Utilities ranks 3rd of 6 industries in Utilities by median 5Y return. That makes it one of the strongest corners of the sector.
    Share of Electric Utilities constituents that EIX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    42%
    of 24 industry peers · 3.1% return
    3Y
    4%
    of 24 industry peers · -11.5% return
    5Y
    17%
    of 23 industry peers · 20.1% return
    Electric Utilities peers with revenue growth within 4pp of EIX's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
    Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
    EIX Edison International 4.3% 5.3x 3.1%-11.5%20.1% —
    VST Vistra 6.7% 21.5x -33.4%343.2%760.1% +740pp
    ETR Entergy 0.7% 26.0x 17.0%130.6%120.2% +100pp
    AEP American Electric Power 5.5% 20.9x 14.0%67.9%67.9% +48pp
    SO Southern 3.1% 21.0x -3.8%34.1%57.8% +38pp
    EVRG Evergy 1.5% 20.0x 14.9%67.4%51.6% +31pp
    Price returns, excluding dividends. P/E shown for context only and not used for matching.
    Median price return by industry across the Utilities sector, ranked by 5Y. Electric Utilities is EIX's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Independent Power Producers & Energy Traders 5 -23.2%108.3%181.1% HNRG 478% · OKLO 266% · NRG 181%
    Gas Utilities 10 4.8%43.8%45.2% ATO 104% · NFG 84% · NJR 80%
    Electric Utilities ← 24 5.3%38.5%39.3% VST 760% · GNE 175% · ETR 120%
    Multi-Utilities 18 5.6%37.6%38.8% NI 99% · MDU 90% · CNP 75%
    Water Utilities 11 8.9%3.4%-9.8% CWCO 164% · AWR 11% · HTO 10%
    Renewable Electricity 5 -26.4%-63.9%-94.3% ORA 42% · CWEN 24% · AGIG -94%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

    TitleDate
    0DASHBOARDS 
    1null08/07/2026
    2Edison International Earnings Notes12/27/2025
    3How Does Edison International Stock Stack Up Against Its Peers?08/13/2025
    4Better Bet Than EIX Stock: Pay Less Than Edison International To Get More From CALM, PTCT 08/12/2025
    5EIX Dip Buy Analysis07/10/2025
    6Edison International Total Shareholder Return (TSR): 20.5% in 2024 and 14.1% 3-yr compounded annual returns (above peer average)03/07/2025
    7Edison International (EIX) Operating Cash Flow Comparison02/17/2025
    8Edison International (EIX) Net Income Comparison02/15/2025
    9ARTICLES 
    10S&P 500 Movers | Winners: MRNA, EIX, PCG | Losers: AXON, CDNS, IBKR09/02/2026
    11S&P 500 Movers | Winners: CRWD, TSLA, SNDK | Losers: EIX, PCG, AON09/02/2026
    12Market Movers | Winners: EMAT, TITN, CRCL | Losers: EIX, PCG, TECX09/02/2026
    13S&P 500 Movers | Winners: HOOD, MRNA, COIN | Losers: MRVL, SRE, EIX08/24/2026
    14Edison International Stock: 5 Straight Red Days, Down 15%08/07/2026
    Title
    0DASHBOARDS
    1null
    2Edison International Earnings Notes
    3How Does Edison International Stock Stack Up Against Its Peers?
    4Better Bet Than EIX Stock: Pay Less Than Edison International To Get More From CALM, PTCT 
    5EIX Dip Buy Analysis
    6Edison International Total Shareholder Return (TSR): 20.5% in 2024 and 14.1% 3-yr compounded annual returns (above peer average)
    7Edison International (EIX) Operating Cash Flow Comparison
    8Edison International (EIX) Net Income Comparison
    9ARTICLES
    10S&P 500 Movers | Winners: MRNA, EIX, PCG | Losers: AXON, CDNS, IBKR
    11S&P 500 Movers | Winners: CRWD, TSLA, SNDK | Losers: EIX, PCG, AON
    12Market Movers | Winners: EMAT, TITN, CRCL | Losers: EIX, PCG, TECX
    13S&P 500 Movers | Winners: HOOD, MRNA, COIN | Losers: MRVL, SRE, EIX
    14Edison International Stock: 5 Straight Red Days, Down 15%

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    ACVAACV Auctions1.848.4%30.0%
    FEIMFrequency Electronics0.830.3%58.0%
    NTSKNetskope7.021.7%-0.4%
    SSentinelOne7.920.8%56.5%
    SIGSignet Jewelers4.020.8%21.9%
    INSPInspire Medical Systems2.220.1%-19.1%
    ZSZscaler31.219.7%-13.8%
    SWKSSkyworks Solutions13.519.4%44.9%
    RPDRapid70.819.1%-18.0%
    SDGRSchrodinger1.716.1%30.0%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    ADBTAdvasa0.1-61.0%-98.0%
    TTANServiceTitan5.6-28.2%-45.0%
    BRUNBoost Run0.8-27.9%-35.3%
    SWMRSwarmer0.4-27.7%-25.7%
    CTMXCytomX Therapeutics0.6-26.3%-36.9%
    ASMBAssembly Biosciences0.5-26.0%-23.2%
    SMRNuScale Power3.1-24.6%-40.5%
    IMSRTerrestrial Energy0.5-24.5%-30.0%
    CNLCollective Mining1.2-24.0%-11.8%
    LEUCentrus Energy2.8-23.4%-41.5%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    MRNAModerna57.2127.1%387.5%
    PURRHyperliquid Strategies1.467.7%214.6%
    AMLXAmylyx Pharmaceuticals3.753.3%174.4%
    CVICVR Energy5.248.0%106.3%
    FWDIForward Industries0.542.7%-8.0%
    SECZSecuritize1.242.1%-35.2%
    MSTRStrategy45.739.3%-14.7%
    WEAVWeave Communications0.634.2%-3.4%
    CNHCNH Industrial17.334.1%53.3%
    IOVAIovance Biotherapeutics4.234.1%242.9%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    ALMSAlumis1.1-66.8%-13.9%
    RAREUltragenyx Pharmaceutical1.3-50.7%-43.2%
    IESCIES12.4-49.2%-20.0%
    SWMRSwarmer0.4-44.6%-25.7%
    ALOYREalloys0.5-42.5%-10.3%
    CRDOCredo Technology27.8-42.1%4.5%
    BRUNBoost Run0.8-40.8%-35.3%
    KRMNKarman5.0-39.6%-48.8%
    AEHRAehr Test Systems2.6-39.1%304.1%
    AEVAAeva Technologies0.9-39.0%6.9%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    EIXPCGSREEXCAEPPEGMedian
    NameEdison I.PG&E Sempra Exelon American.Public S. 
    Mkt Price54.5613.1581.2042.20120.6170.4262.49
    Mkt Cap21.029.053.143.365.635.139.2
    Rev LTM19,42325,83713,55225,32622,79112,54321,107
    Op Inc LTM4,4825,1673,4595,2675,3402,9024,824
    FCF LTM-389-4,263-5,243-1,916-2,437276-2,176
    FCF 3Y Avg-715-3,713-4,186-1,824-2,136-448-1,980
    CFO LTM6,3918,1475,4167,2127,6943,5926,802
    CFO 3Y Avg5,4007,4585,0236,1456,7662,8835,772

    Growth & Margins

    EIXPCGSREEXCAEPPEGMedian
    NameEdison I.PG&E Sempra Exelon American.Public S. 
    Rev Chg LTM10.7%5.7%1.6%6.6%10.3%12.7%8.4%
    Rev Chg 3Y Avg4.3%5.2%-6.7%8.5%5.5%3.3%4.8%
    Rev Chg Q-4.1%0.1%-0.1%10.0%7.0%-8.9%-0.0%
    QoQ Delta Rev Chg LTM-0.9%0.0%-0.0%2.2%1.6%-2.0%-0.0%
    Op Inc Chg LTM31.9%13.3%14.0%10.8%4.1%7.5%12.0%
    Op Inc Chg 3Y Avg30.1%39.9%1.9%14.3%15.2%-5.5%14.8%
    Op Mgn LTM23.1%20.0%25.5%20.8%23.4%23.1%23.1%
    Op Mgn 3Y Avg19.0%18.3%22.9%19.8%23.0%24.0%21.4%
    QoQ Delta Op Mgn LTM1.8%0.4%1.8%-0.2%-1.1%-2.3%0.1%
    CFO/Rev LTM32.9%31.5%40.0%28.5%33.8%28.6%32.2%
    CFO/Rev 3Y Avg29.9%29.8%37.3%25.6%32.2%25.3%29.9%
    FCF/Rev LTM-2.0%-16.5%-38.7%-7.6%-10.7%2.2%-9.1%
    FCF/Rev 3Y Avg-4.1%-14.8%-31.1%-7.6%-10.0%-4.4%-8.8%

    Valuation

    EIXPCGSREEXCAEPPEGMedian
    NameEdison I.PG&E Sempra Exelon American.Public S. 
    Mkt Cap21.029.053.143.365.635.139.2
    P/S1.11.13.91.72.92.82.3
    P/Op Inc4.75.615.48.212.312.110.1
    P/EBIT3.14.917.07.811.510.79.2
    P/E5.39.123.315.520.917.416.5
    P/CFO3.33.69.86.08.59.87.3
    Total Yield25.0%12.1%7.4%10.3%7.9%9.4%9.9%
    Dividend Yield6.2%1.1%3.1%3.9%3.1%3.7%3.4%
    FCF Yield 3Y Avg-2.7%-10.4%-7.9%-4.4%-3.6%-1.2%-4.0%
    D/E2.12.20.71.20.80.71.0
    Net D/E2.12.20.71.20.80.71.0

    Returns

    EIXPCGSREEXCAEPPEGMedian
    NameEdison I.PG&E Sempra Exelon American.Public S. 
    1M Rtn-23.6%-26.3%-6.0%-7.1%-4.0%-6.5%-6.8%
    3M Rtn-23.4%-21.2%-10.9%-8.6%-6.3%-12.1%-11.5%
    6M Rtn-23.4%-28.0%-14.2%-14.1%-8.4%-15.4%-14.8%
    12M Rtn3.1%-13.4%0.2%0.7%14.0%-12.2%0.5%
    3Y Rtn-11.5%-22.7%22.0%13.5%67.9%26.6%17.7%
    1M Excs Rtn-21.0%-23.7%-3.5%-4.5%-1.4%-4.0%-4.3%
    3M Excs Rtn-23.9%-20.9%-11.5%-8.2%-6.4%-11.8%-11.6%
    6M Excs Rtn-36.7%-41.5%-27.4%-27.7%-22.0%-28.8%-28.3%
    12M Excs Rtn-12.8%-29.2%-15.7%-14.4%-1.6%-27.1%-15.0%
    3Y Excs Rtn-79.5%-91.3%-45.0%-53.7%2.7%-42.4%-49.4%

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date7/30/20264/28/20262/18/202610/28/20257/31/20254/29/20252/27/202510/29/20247/25/20244/30/20242/22/202411/1/2023
    Key Financials Quarterly            
    Total Revenue4,3574,1035,2135,7504,5433,8113,9845,2014,3364,0783,7064,702
    Ebitda2,0232,0293,6582,4131,7142,9831,6071,8511,7951,0901,5781,287
    Operating Income1,0921,0688021,520775837790995900245792492
    Net Income5615701,9238883981,49240857750952421212
    EPS1.391.384.802.160.893.730.881.331.14-0.030.980.40
    Key Financials TTM            
    Total Revenue TTM19,42319,60919,31718,08817,53917,33217,59917,32116,82216,45016,33816,648
    Ebitda TTM10,1239,81410,7688,7178,1558,2366,3436,3145,7505,5025,8275,798
    Operating Income TTM4,4824,1653,9343,9223,3973,5222,9302,9322,4292,2532,6282,589
    Net Income TTM3,9423,7794,7013,1862,8752,9861,5461,5591,1941,0651,3781,427
    Growth Rates Quarterly            
    Total Revenue Growth-4.1%7.7%30.8%10.6%4.8%-6.5%7.5%10.6%9.4%2.8%-7.7%-10.1%
    EBITDA Growth18.0%-32.0%127.6%30.4%-4.5%173.7%1.8%43.8%16.0%-23.0%1.9%60.5%
    Operating Income Growth40.9%27.6%1.5%52.8%-13.9%241.6%-0.3%102.2%24.3%-60.5%5.2%1193.3%
    Net Income Growth41.0%-61.8%371.3%53.9%-21.8%2769.2%-3.1%172.2%33.9%-85.8%-10.4%386.5%
    Margins Quarterly            
    EBITDA Margin46.4%49.5%70.2%42.0%37.7%78.3%40.3%35.6%41.4%26.7%42.6%27.4%
    Operating Income Margin25.1%26.0%15.4%26.4%17.1%22.0%19.8%19.1%20.8%6.0%21.4%10.5%
    Net Income Margin12.9%13.9%36.9%15.4%8.8%39.1%10.2%11.1%11.7%1.3%11.4%4.5%
    Cash & Debt            
    Total Cash2421681583641401,318193200465992345446
    Total Debt43,54042,69741,54939,43739,52639,56037,76136,59937,50336,65335,31134,768
    Net Debt / (Cash)43,29842,52941,39139,07339,38638,24237,56836,39937,03835,66134,96634,322
    Cash Flows Quarterly            
    FCF from Operations1,2701,4271,5722,1228821,2241,1702,4723291,0438551,834
    Cash Flows TTM            
    FCF from Operations TTM6,3916,0035,8005,3985,7485,1955,0144,6994,0614,5343,4013,650
    Returns to Shareholders Quarterly            
    Dividends337338319318318319302301300295279278
    Share Repurchases45641,6643-029478-035919289-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC7.3%7.4%4.9%10.8%6.5%5.6%6.9%8.0%7.1%2.2%6.4%4.6%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM7.1%6.8%6.4%7.0%6.1%6.4%6.4%6.3%5.4%5.2%5.7%5.6%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Southern California Edison (SCE)19,31717,59916,338  
    Single Segment   17,22014,905
    Total19,31717,59916,33817,22014,905


    Operating Income by Segment
    $ Mil20032002200119981997
    Electric Utility8721,2282,3865151,642
    Capital & Financial Services573384  
    Nonutility Power Generation2882113  
    Corporate & Other-178-208-181  
    Captial & Financial Services   105 
    Other   -84-1
    Power Generation   132394
    Total7791,1352,4026682,035


    Assets by Segment
    $ Mil20112010200920082007
    Electric Utility40,31535,90632,47432,56827,449
    Competitive power generation8,3929,5978,521  
    Parent and other-66827-573  
    Financial Services and other  1,022  
    Financial Services and Other   3,089 
    Nonutility Power Generation   9,0167,054
    parent and other   -58 
    Financial Services    2,820
    Total48,03945,53041,44444,61537,323


    Price Behavior

    Price Behavior
    Market Price$54.56 
    Market Cap ($ Bil)21.0 
    First Trading Date01/02/1980 
    Distance from 52W High-32.1% 
       50 Days200 Days
    DMA Price$70.36$67.39
    DMA Trendupdown
    Distance from DMA-22.5%-19.0%
     3M1YR
    Volatility60.9%36.7%
    Downside Capture61.59-9.93
    Upside Capture-85.08-4.64
    Correlation (SPY)-8.3%0.9%
    EIX Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta0.15-0.17-0.250.080.080.45
    Up Beta-0.71-0.59-0.320.160.220.69
    Down Beta-7.29-1.04-0.90-0.160.180.41
    Up Capture-81%-74%-40%-14%2%7%
    Bmk +ve Days10213268138427
    Stock +ve Days8203360130392
    Down Capture610%182%76%61%2%63%
    Bmk -ve Days11213259113324
    Stock -ve Days13223166120356

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIX
    EIX2.4%36.7%0.14-
    Sector ETF (XLU)-1.3%15.2%-0.2949.6%
    Equity (SPY)16.3%12.8%0.901.2%
    Gold (GLD)17.6%29.3%0.551.2%
    Commodities (DBC)48.6%20.6%1.82-6.9%
    Real Estate (VNQ)5.3%13.5%0.1336.4%
    Bitcoin (BTCUSD)-33.1%43.8%-0.791.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIX
    EIX3.3%28.4%0.13-
    Sector ETF (XLU)6.8%17.4%0.2565.6%
    Equity (SPY)12.4%17.2%0.5531.9%
    Gold (GLD)18.7%18.8%0.8010.3%
    Commodities (DBC)11.7%19.5%0.477.0%
    Real Estate (VNQ)0.8%18.9%-0.0648.4%
    Bitcoin (BTCUSD)10.7%52.5%0.3810.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with EIX
    EIX1.2%29.5%0.10-
    Sector ETF (XLU)8.5%19.3%0.3767.7%
    Equity (SPY)15.1%18.0%0.7141.4%
    Gold (GLD)12.0%16.4%0.6010.4%
    Commodities (DBC)8.7%18.1%0.3913.1%
    Real Estate (VNQ)4.6%20.7%0.1853.7%
    Bitcoin (BTCUSD)63.4%66.2%1.039.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity15.5 Mil
    Short Interest: % Change Since 815202617.3%
    Average Daily Volume5.7 Mil
    Days-to-Cover Short Interest2.7 days
    Basic Shares Quantity385.0 Mil
    Short % of Basic Shares4.0%

    Returns Analyses

    Earnings Returns History

    Updated 9/2/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/30/2026-6.8%-14.6%-10.9%
    4/28/20260.0%1.4%3.4%
    2/18/20264.2%7.9%3.1%
    10/28/2025-1.2%-0.6%5.5%
    7/31/20251.9%5.4%7.7%
    4/29/2025-8.9%-6.6%-4.9%
    2/27/20256.0%7.3%13.3%
    10/29/20240.1%-1.4%6.3%
    ...
    SUMMARY STATS   
    # Positive131419
    # Negative11105
    Median Positive2.8%3.2%5.5%
    Median Negative-2.2%-1.5%-4.9%
    Max Positive6.0%10.3%16.3%
    Max Negative-8.9%-14.6%-10.9%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/30/2026-6.8%-14.6%-10.9%
    4/28/20260.0%1.4%3.4%
    2/18/20264.2%7.9%3.1%
    10/28/2025-1.2%-0.6%5.5%
    7/31/20251.9%5.4%7.7%
    4/29/2025-8.9%-6.6%-4.9%
    2/27/20256.0%7.3%13.3%
    10/29/20240.1%-1.4%6.3%
    7/25/20242.7%6.8%10.9%
    4/30/20240.3%4.0%5.1%
    2/22/20241.2%0.9%3.2%
    11/1/2023-0.5%-1.6%5.5%
    7/27/20233.0%-0.7%-1.3%
    5/2/2023-2.2%0.5%-9.0%
    2/23/20234.2%-0.5%3.8%
    11/1/2022-2.9%-4.1%8.3%
    7/28/20223.5%5.3%5.8%
    5/3/20222.8%-1.4%2.8%
    2/24/20225.4%10.3%16.3%
    11/2/2021-1.2%1.7%3.1%
    7/29/2021-4.8%-3.5%0.5%
    4/27/2021-0.2%1.9%-4.1%
    2/25/2021-3.0%2.4%9.0%
    10/27/2020-2.2%1.0%10.2%
    SUMMARY STATS   
    # Positive131419
    # Negative11105
    Median Positive2.8%3.2%5.5%
    Median Negative-2.2%-1.5%-4.9%
    Max Positive6.0%10.3%16.3%
    Max Negative-8.9%-14.6%-10.9%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202607/30/202610-Q
    03/31/202604/28/202610-Q
    12/31/202502/18/202610-K
    09/30/202510/28/202510-Q
    06/30/202507/31/202510-Q
    03/31/202504/29/202510-Q
    12/31/202402/27/202510-K
    09/30/202410/29/202410-Q
    06/30/202407/25/202410-Q
    03/31/202404/30/202410-Q
    12/31/202302/22/202410-K
    09/30/202311/01/202310-Q
    06/30/202307/27/202310-Q
    03/31/202305/02/202310-Q
    12/31/202202/23/202310-K
    09/30/202211/01/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202607/30/202610-Q
    03/31/202604/28/202610-Q
    12/31/202502/18/202610-K
    09/30/202510/28/202510-Q
    06/30/202507/31/202510-Q
    03/31/202504/29/202510-Q
    12/31/202402/27/202510-K
    09/30/202410/29/202410-Q
    06/30/202407/25/202410-Q
    03/31/202404/30/202410-Q
    12/31/202302/22/202410-K
    09/30/202311/01/202310-Q
    06/30/202307/27/202310-Q
    03/31/202305/02/202310-Q
    12/31/202202/23/202310-K
    09/30/202211/01/202210-Q
    06/30/202207/28/202210-Q
    03/31/202205/03/202210-Q
    12/31/202102/24/202210-K
    09/30/202111/02/202110-Q
    06/30/202107/29/202110-Q
    03/31/202104/27/202110-Q
    12/31/202002/25/202110-K
    09/30/202010/27/202010-Q
    06/30/202007/28/202010-Q
    03/31/202004/30/202010-Q
    12/31/201902/27/202010-K
    09/30/201910/29/201910-Q

    Recent Forward Guidance

    Updated 7/31/2026

    Latest: Q2 2026 Earnings Reported 7/30/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Core EPSReported5.96.056.20.0% AffirmedGuidance: 6.05 for 2026
    2030 Core EPS GrowthReported5.0%6.0%7.0% 0.0%AffirmedGuidance: 6.0% for 2030


    Prior: Q1 2026 Earnings Reported 4/28/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Core EPSReported5.96.056.20 AffirmedGuidance: 6.05 for 2026
    2030 Core EPS GrowthReported5.0%6.0%7.0%   

    Q4 2025 Earnings Reported 2/18/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Core EPSReported5.96.056.2   
    2027 Core EPSReported6.256.456.65   
    2028 Core EPS GrowthReported5.0%6.0%7.0% 0.0%AffirmedGuidance: 6.0% for 2028

    Q3 2025 Earnings Reported 10/28/2025

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2025 Core EPSReported5.956.086.2-1.1% LoweredGuidance: 6.14 for 2025
    2028 Core EPS GrowthReported5.0%6.0%7.0% 0.0%AffirmedGuidance: 6.0% for 2028

    Insider Activity

    Updated 7/15/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Taylor, Peter JDirectSell714202675.4050037,7002,541,885Form
    2Taylor, Peter JDirectSell413202675.3050037,6502,576,146Form
    3Taylor, Peter JDirectSell302202674.5450037,2702,587,432Form
    4Bowman, Erica SVICE PRESIDENTDirectSell224202673.881,27694,264237,656Form
    5Taylor, Peter JDirectSell1031202555.271,80099,4861,946,167Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Taylor, Peter JDirectSell714202675.4050037,7002,541,885Form
    2Taylor, Peter JDirectSell413202675.3050037,6502,576,146Form
    3Taylor, Peter JDirectSell302202674.5450037,2702,587,432Form
    4Bowman, Erica SVICE PRESIDENTDirectSell224202673.881,27694,264237,656Form
    5Taylor, Peter JDirectSell1031202555.271,80099,4861,946,167Form
    6Murphy, J AndrewPRESIDENT & CEO, EDISON ENERGYDirectSell805202554.4211,900647,560853,627Form

    Investor Activity (13F)

    Updated Sep 16, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    ATLAS Infrastructure Partners (UK) Ltd.$266.5 Mil9.4%9TRIM -6.6%13F
    Electron Capital Partners, LLC$24.9 Mil1.2%44Hold13F
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
    Silver Point Capital L.P.$19.1 Mil0.9%21ExitedDec 31, 202513F
    ATLAS Infrastructure Partners (UK) Ltd.$266.5 Mil9.4%9TRIM -6.6%Mar 31, 202613F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    ATLAS Infrastructure Partners (UK) Ltd.$266.5 Mil9.4%9TRIM -6.6%13F
    Electron Capital Partners, LLC$24.9 Mil1.2%44Hold13F

    Edison International — Investor Video Playlist

    Industry Resources

    External Quote Links


    Prefer one of these to Trefis? Tell us why.
    Core Cache Last Updated: 9/15/2026