Edison International (EIX) 10-Year Financial Performance & Capital Metrics

EIX • • Utilities

UtilitiesElectric UtilitiesRegional Electric UtilitiesSingle-State Electric Utilities

AboutEdison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.Show more

Revenue $17.6B +7.7%
EBITDA $5.87B +9.7%
Net Income $1.55B +9.9%
Free Cash Flow -$693M +66.1%
EBITDA Margin 33.35% +1.9%
Net Margin 8.78% +2.0%
ROE 8.66% +9.2%
Interest Coverage 1.57 -3.8%
Debt/Equity 2.13 +8.2%
Net Debt/EBITDA 6.40 -2.1%
CapEx / Revenue 32.43% -2.8%
CapEx Coverage 0.88 +40.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 5.0%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x
✗High leverage: 6.4x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.75%

5Y7.35%

3Y5.69%

TTM4.43%

Profit (Net Income) CAGR

10Y-1.08%

5Y1.93%

3Y18.67%

TTM110.99%

EPS CAGR

10Y-3.83%

5Y-2.57%

3Y18.29%

TTM125%

ROCE

10Y Avg2.86%

5Y Avg2.85%

3Y Avg3.28%

Latest3.9%

Peer Comparison

Single-State Electric Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IDAIDACORP, Inc.	7.17B	132.73	24.13	3.41%	17.59%	9.11%	0.92
TXNMTXNM Energy, Inc.	6.43B	59.03	22.11	1.65%	8.41%	5.11%	2.25
EVRGEvergy, Inc.	17.45B	75.78	19.99	6.17%	14.41%	8.4%	1.41
OGEOGE Energy Corp.	9.01B	43.72	19.96	11.63%	15.28%	10.49%	1.19
EIXEdison International	23.67B	61.52	18.59	7.72%	17.61%	16.48%	2.13
PNWPinnacle West Capital Corporation	11.09B	92.69	17.69	9.13%	11.2%	8.24%	1.61
PORPortland General Electric Company	5.55B	49.30	16.38	17.69%	8.82%	7.67%	1.36
PCGPacific Gas & Electric Co.	34.68B	15.78	13.72	-0.04%	10.93%	8.4%	1.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	11.52B	11.87B	12.32B	12.66B	12.35B	13.58B	14.9B	17.22B	16.34B	17.6B
Revenue Growth %	-0.14%	0.03%	0.04%	0.03%	-0.02%	0.1%	0.1%	0.16%	-0.05%	0.08%
Cost of Revenue	7.26B	7.39B	7.68B	8.2B	7.86B	8.54B	9.19B	11.1B	9.62B	10.38B
Gross Profit+	4.27B	4.47B	4.64B	4.45B	4.49B	5.04B	5.72B	6.12B	6.71B	7.22B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.09%	0.05%	0.04%	-0.04%	0.01%	0.12%	0.14%	0.07%	0.1%	0.08%
Operating Expenses+	2.26B	2.38B	3.15B	5.01B	2.71B	3.82B	4.24B	4.64B	4.09B	4.29B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	4.01B	4.16B	3.57B	1.39B	3.57B	3.24B	3.77B	4.12B	5.35B	5.87B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.06%	0.04%	-0.14%	-0.61%	1.57%	-0.09%	0.16%	0.09%	0.3%	0.1%
Depreciation & Amortization+	2B	2.1B	2.12B	1.94B	1.8B	2.02B	2.29B	2.63B	2.72B	2.94B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.01B	2.06B	1.46B	-552M	1.77B	1.22B	1.48B	1.48B	2.63B	2.93B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.19%	0.03%	-0.29%	-1.38%	4.22%	-0.31%	0.21%	0%	0.77%	0.12%
Interest Expense+	555M	581M	639M	734M	841M	902M	925M	1.17B	1.61B	1.87B
Interest Coverage	3.62x	3.55x	2.28x	-0.75x	2.11x	1.35x	1.60x	1.27x	1.63x	1.57x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.57B	1.59B	949M	-1.09B	1.13B	566M	789M	662M	1.51B	1.56B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	486M	177M	281M	-739M	-278M	-305M	-136M	-162M	108M	17M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.13B	1.43B	689M	-302M	1.41B	871M	925M	824M	1.41B	1.55B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.34%	0.27%	-0.52%	-1.44%	5.65%	-0.38%	0.06%	-0.11%	0.71%	0.1%
EPS (Diluted)+	3.10	3.97	1.72	-0.93	3.77	1.98	2.00	1.60	3.11	3.31
EPS Growth %	-0.37%	0.28%	-0.57%	-1.54%	5.05%	-0.47%	0.01%	-0.2%	0.94%	0.06%
EPS (Basic)	3.13	4.02	1.73	-0.93	3.78	1.98	2.00	1.61	3.13	3.33
Diluted Shares Outstanding	329M	330M	328M	326M	341M	374M	380M	383M	385M	388M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	50.31B	51.32B	52.58B	56.72B	64.38B	69.37B	74.75B	78.04B	81.76B	85.58B
Asset Growth %	0%	0.02%	0.02%	0.08%	0.14%	0.08%	0.08%	0.04%	0.05%	0.05%
PP&E (Net)+	35.09B	37B	39.05B	41.35B	44.98B	48.93B	52.63B	54.93B	57.3B	60.43B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.65B	2.12B	3.73B	3.36B	3.56B	5.06B	5.49B	7.07B	6.81B	7.16B
Cash & Equivalents	161M	96M	1.09B	144M	68M	87M	390M	914M	345M	193M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	267M	239M	242M	282M	364M	405M	420M	474M	527M	538M
Other Current Assets	890M	601M	1.01B	1.38B	1.52B	1.86B	2.23B	3.1B	3.07B	3.3B
Long-Term Investments	4.53B	4.33B	4.51B	4.18B	4.63B	4.89B	4.92B	4B	4.23B	4.34B
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	7.96B	7.87B	5.29B	7.83B	11.22B	10.5B	11.7B	12.04B	13.41B	13.65B
Total Liabilities	36.92B	37.13B	38.71B	44.06B	48.89B	53.42B	56.96B	60.52B	63.81B	67.84B
Total Debt+	11.87B	12.46B	14.52B	15.43B	19.59B	24.15B	29.53B	33.1B	35.31B	37.76B
Net Debt	11.71B	12.37B	13.43B	15.29B	19.52B	24.06B	29.14B	32.18B	34.97B	37.57B
Long-Term Debt	10.88B	10.18B	11.64B	14.63B	17.86B	19.63B	24.17B	27.02B	30.32B	33.53B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	7M	0	0	0	693M	1.09B	1.93B	1.44B	1.22B	1.18B
Total Current Liabilities+	4.93B	5.91B	7.07B	5.39B	5.52B	10.28B	8.61B	10.35B	8.6B	8.44B
Accounts Payable	1.31B	1.34B	1.5B	1.51B	1.75B	1.98B	2B	2.36B	1.98B	2B
Accrued Expenses	0	0	0	0	0	0	0	0	390M	422M
Deferred Revenue	242M	269M	281M	299M	302M	243M	193M	167M	177M	0
Other Current Liabilities	2.31B	1.96B	2.39B	2.79B	2.36B	4.41B	2.4B	2.69B	2.15B	2.85B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	13.55B	12.72B	15.44B	19.46B	19.81B	17.27B	17.09B	16.06B	17.13B	17.63B
Total Equity+	13.39B	14.19B	13.87B	12.65B	15.5B	15.95B	17.79B	17.52B	17.94B	17.74B
Equity Growth %	0.03%	0.06%	-0.02%	-0.09%	0.22%	0.03%	0.12%	-0.02%	0.02%	-0.01%
Shareholders Equity	11.37B	12B	11.67B	10.46B	13.3B	14.05B	15.89B	15.62B	15.5B	15.56B
Minority Interest	2.02B	2.19B	2.19B	2.19B	2.19B	1.9B	1.9B	1.9B	2.44B	2.17B
Common Stock	2.48B	2.5B	2.53B	2.54B	4.99B	5.96B	6.07B	6.2B	6.34B	6.35B
Additional Paid-in Capital	2.48B	2.5B	2.53B	2.54B	0	0	0	0	0	0
Retained Earnings	8.94B	9.54B	9.19B	7.96B	8.38B	8.15B	7.89B	7.45B	7.5B	7.57B
Accumulated OCI	-56M	-53M	-43M	-50M	-69M	-69M	-54M	-11M	-9M	0
Return on Assets (ROA)	0.02%	0.03%	0.01%	-0.01%	0.02%	0.01%	0.01%	0.01%	0.02%	0.02%
Return on Equity (ROE)	0.09%	0.1%	0.05%	-0.02%	0.1%	0.06%	0.05%	0.05%	0.08%	0.09%
Debt / Equity	0.89x	0.88x	1.05x	1.22x	1.26x	1.51x	1.66x	1.89x	1.97x	2.13x
Debt / Assets	0.24%	0.24%	0.28%	0.27%	0.3%	0.35%	0.4%	0.42%	0.43%	0.44%
Net Debt / EBITDA	2.92x	2.97x	3.76x	11.01x	5.46x	7.43x	7.74x	7.82x	6.54x	6.40x
Book Value per Share	40.69	42.99	42.27	38.81	45.44	42.64	46.81	45.75	46.61	45.72

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.51B	3.26B	3.6B	3.18B	-307M	1.26B	11M	3.22B	3.4B	5.01B
Operating CF Growth %	0.39%	-0.28%	0.1%	-0.12%	-1.1%	5.11%	-0.99%	291.36%	0.06%	0.47%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	984M	1.3B	565M	-457M	1.28B	739M	819M	717M	1.28B	1.37B
Depreciation & Amortization	2B	2.1B	2.12B	1.94B	1.8B	2.03B	2.29B	2.63B	2.72B	2.94B
Deferred Taxes	449M	190M	498M	-527M	-284M	-296M	43M	-177M	108M	9M
Other Non-Cash Items	-616M	-328M	591M	7M	-2.18B	-158M	361M	95M	-38M	-54M
Working Capital Changes	1.69B	-3M	-172M	2.21B	-932M	-1.05B	-3.5B	-52M	-674M	749M
Capital Expenditures+	-4.22B	-3.73B	-3.84B	-4.51B	-4.88B	-5.48B	-5.5B	-5.78B	-5.45B	-5.71B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-3.89B	-3.42B	-3.59B	-4.24B	-4.68B	-4.97B	-5.15B	-5.57B	-5.23B	-5.54B
Acquisitions	-15M	0	-88M	78M	4.88B	5.48B	5.5B	0	0	0
Purchase of Investments	-3.13B	-3.03B	-5.04B	-4.23B	-4.28B	-5.73B	-3.71B	-4.05B	-4.42B	-4.9B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-26M	139M	120M	83M	-4.78B	-5.3B	-5.41B	81M	35M	50M
Cash from Financing+	-588M	95M	1.01B	82M	4.9B	3.73B	5.45B	2.88B	1.45B	674M
Dividends Paid	-544M	-626M	-707M	-788M	-810M	-928M	-1.02B	-1.15B	-1.22B	-1.29B
Dividend Payout Ratio %	0.48%	0.44%	1.03%	-	0.58%	1.07%	1.07%	1.27%	0.79%	0.77%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	319M	294M	677M	26M	2.45B	912M	2.01B	13M	562M	345M
Share Repurchases	-325M	-125M	-475M	0	0	-308M	0	0	-289M	-856M
Other Financing	-124M	-236M	-520M	-128M	-178M	-95M	-61M	-9M	0	9M
Net Change in Cash+	29M	-65M	1.04B	-980M	-82M	19M	305M	523M	-537M	-147M
Exchange Rate Effect	0	0	1000K	0	0	0	0	0	-1000K	-1000K
Cash at Beginning	132M	161M	96M	1.13B	152M	70M	89M	394M	917M	380M
Cash at End	161M	96M	1.13B	152M	70M	89M	394M	917M	380M	233M
Free Cash Flow+	284M	-478M	-247M	-1.33B	-5.18B	-4.22B	-5.49B	-2.56B	-2.05B	-693M
FCF Growth %	1.43%	-2.68%	0.48%	-4.39%	-2.89%	0.19%	-0.3%	0.53%	0.2%	0.66%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.59%	10.4%	4.91%	-2.28%	9.98%	5.54%	5.48%	4.67%	7.93%	8.66%
EBITDA Margin	34.82%	35.05%	28.99%	10.97%	28.94%	23.85%	25.26%	23.9%	32.73%	33.35%
Net Debt / EBITDA	2.92x	2.97x	3.76x	11.01x	5.46x	7.43x	7.74x	7.82x	6.54x	6.40x
Interest Coverage	3.62x	3.55x	2.28x	-0.75x	2.11x	1.35x	1.60x	1.27x	1.63x	1.57x
CapEx / Revenue	36.66%	31.46%	31.07%	35.62%	39.5%	40.39%	36.93%	33.55%	33.35%	32.43%
Dividend Payout Ratio	48.01%	43.65%	102.61%	-	57.65%	106.54%	106.81%	127.43%	79.03%	77.49%
Debt / Equity	0.89x	0.88x	1.05x	1.22x	1.26x	1.51x	1.66x	1.89x	1.97x	2.13x
EPS Growth	-36.61%	28.06%	-56.68%	-154.07%	505.38%	-47.48%	1.01%	-20%	94.38%	6.43%

Revenue by Segment

	2010	2011
Electric Utility	9.98B	10.58B
Electric Utility Growth	-	5.95%
Competitive Power Generation	2.43B	2.19B
Competitive Power Generation Growth	-	-10.00%
Parent And Other	-3M	-3M
Parent And Other Growth	-	0.00%

Frequently Asked Questions

Valuation & Price

Edison International (EIX) has a price-to-earnings (P/E) ratio of 18.6x. This is roughly in line with market averages.

Growth & Financials

Edison International (EIX) reported $18.09B in revenue for fiscal year 2024. This represents a 42% increase from $12.76B in 2011.

Edison International (EIX) grew revenue by 7.7% over the past year. This is steady growth.

Yes, Edison International (EIX) is profitable, generating $3.19B in net income for fiscal year 2024 (8.8% net margin).

Dividend & Returns

Yes, Edison International (EIX) pays a dividend with a yield of 5.02%. This makes it attractive for income-focused investors.

Edison International (EIX) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

Edison International (EIX) had negative free cash flow of $722.0M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Edison International (EIX) has a dividend payout ratio of 77%. The dividend is reasonably covered.

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