Is the business good?
How good a business is EIX?
Edison International earns 7.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
7.9%
Return on invested capital · cost of capital 9.0% · 1.1 points below what the capital costs: growth destroys value
- Operating margin
- 31%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q1 2026
- Cash conversion
- −0.18×
Cash conversion · −0.23× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.26%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 9.0% |
| FY2021 | 9.9% |
| FY2022 | 8.6% |
| FY2023 | 16% |
| FY2024 | 17% |
| FY2025 | 37% |
Details›
- Operating margin12 months to Q1 2026
- 31%
- Net margin12 months to Q1 2026
- 18%
- Free cash flow margin
- −3.3%
- Revenue, trailing twelve months
- $19.6B
- Free cash flow, trailing twelve months
- −$643M
- Net income, trailing twelve months
- $3.55B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Utilities - Regulated Electric
Ranks #2 of 37 by Smart Score