EIX Edison International Common Stock
About Edison International Common Stock Company overview from Wikipedia
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
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Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
## History
The company was first incorporated in 1909 as Southern California Edison Company after Southern California acquired the assets of Edison Electric Company; it was known as Southern California Edison until 1996, when it adopted its current name in recognition of its growing business abroad and in other industry sectors. Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp.
Edison International acquired the naming rights for the Anaheim Angels' stadium (previously known as Anaheim Stadium) in 1998, in a deal running for 20 years. The company backed out of the naming rights deal after the 2003 season, and the stadium is now called Angel Stadium.
In 2001, Edison's main holding, Southern California Edison, faced bankruptcy after a state senate bill regarding financial assistance came up short by $1 billion.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
EIX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
EIX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| July 7, 2026 | $0.8780 |
| April 7, 2026 | $0.8780 |
| Jan. 7, 2026 | $0.8780 |
| Oct. 7, 2025 | $0.8280 |
| July 7, 2025 | $0.8280 |
| April 7, 2025 | $0.8280 |
| Jan. 7, 2025 | $0.8280 |
| Oct. 7, 2024 | $0.7800 |
| July 8, 2024 | $0.7800 |
| March 27, 2024 | $0.7800 |
| Dec. 28, 2023 | $0.7800 |
| Sept. 28, 2023 | $0.7380 |
| July 3, 2023 | $0.7380 |
| March 30, 2023 | $0.7380 |
| Dec. 29, 2022 | $0.7380 |
| Sept. 29, 2022 | $0.7000 |
| July 1, 2022 | $0.7000 |
| March 30, 2022 | $0.7000 |
| Dec. 30, 2021 | $0.7000 |
| Sept. 29, 2021 | $0.6630 |
EIX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 18.2%
- Buy 5 22.7%
- Hold 9 40.9%
- Sell 3 13.6%
- Strong Sell 1 4.5%
12-Month Price Target
14 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.54 | $1.17 | 0.37% |
| March 31, 2026 | $1.42 | $1.33 | 0.09% |
| Dec. 31, 2025 | $1.86 | $1.33 | 0.53% |
| Sept. 30, 2025 | $2.34 | $2.20 | 0.14% |
| June 30, 2025 | $0.97 | $0.92 | 0.05% |
| March 31, 2025 | $1.37 | $1.22 | 0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EIX | $23.09B | 5.2 | 9.8% | 23.1% | 26.9% | — |
| AEP | — | 17.3 | 10.9% | 16.9% | 12.7% | — |
| ETR | — | 23.6 | 9.0% | 13.7% | 11.1% | — |
| XEL | $46.06B | 21.6 | — | — | 9.4% | — |
| EXC | $44.59B | 15.3 | 5.3% | 11.4% | 9.9% | — |
| PCG | $35.32B | 13.6 | 2.1% | 10.8% | 8.6% | — |
| FE | $25.87B | 25.4 | 12.0% | 6.8% | 8.2% | — |
| ES | $25.28B | 14.8 | 13.8% | 12.6% | 10.7% | — |
| PPL | — | — | — | — | — | — |
| NRG | $30.32B | 39.7 | 9.2% | 2.8% | 43.5% | — |
| EVRG | — | 19.8 | 1.9% | 14.3% | 8.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.32B | $17.60B | $16.34B | $17.22B | $14.90B | $13.58B | $12.35B | $12.66B | $12.32B | $11.87B | $11.52B | $13.41B | |
| Operating Expenses | $12.22B | $14.67B | $13.71B | $15.74B | $13.43B | $12.36B | $10.57B | $13.21B | $10.86B | $9.81B | $9.52B | $10.94B | |
| Operating Income | $7.09B | $2.93B | $2.63B | $1.48B | $1.48B | $1.22B | $1.77B | $-552M | $1.46B | $2.06B | $2.01B | $2.47B | |
| Interest Expense | · | · | $1.61B | $1.17B | $925M | $902M | $841M | $734M | $639M | $581M | $555M | $560M | |
| Other Non-op | $438M | $502M | $500M | $348M | $237M | $251M | $193M | $197M | $132M | $109M | · | · | |
| Pretax Income | $5.99B | $1.56B | $1.51B | $662M | $789M | $566M | $1.13B | $-1.09B | $949M | · | · | · | |
| Income Tax | $1.29B | $17M | $108M | $-162M | $-136M | $-305M | $-278M | $-739M | $281M | $177M | $486M | $443M | |
| Net Income | $4.46B | $1.28B | $1.20B | $824M | $925M | $871M | $1.41B | $-423M | $565M | $1.43B | $1.12B | $1.72B | |
| EPS (Basic) | $11.58 | $3.33 | $3.12 | $1.61 | $2.00 | $1.98 | $3.78 | $-1.30 | $1.73 | $4.02 | $3.13 | $4.95 | |
| EPS (Diluted) | $11.55 | $3.31 | $3.11 | $1.60 | $2.00 | $1.98 | $3.77 | $-1.30 | $1.72 | $3.97 | $3.10 | $4.89 | |
| Shares (Basic) | 385,000,000 | 386,000,000 | 383,000,000 | 381,000,000 | 380,000,000 | 373,000,000 | 340,000,000 | 326,000,000 | 326,000,000 | 326,000,000 | 326,000,000 | 326,000,000 | |
| Shares (Diluted) | 386,000,000 | 388,000,000 | 385,000,000 | 383,000,000 | 380,000,000 | 374,000,000 | 341,000,000 | 326,000,000 | 328,000,000 | 330,000,000 | 329,000,000 | 329,000,000 | |
| EBITDA | $10.33B | $5.87B | $5.35B | $4.12B | $3.77B | $3.25B | $3.58B | $1.39B | $3.53B | $2.09B | $2.01B | $2.47B |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $158M | $193M | $345M | $914M | $390M | $87M | $68M | $144M | $1.09B | $96M | $161M | $132M | |
| Receivables | $1.46B | $2.17B | $2.02B | $1.70B | $1.40B | $1.13B | $788M | $730M | $717M | $714M | $771M | $790M | |
| Inventory | $535M | $538M | $527M | $474M | $420M | $405M | $364M | $282M | $242M | $239M | $267M | $281M | |
| Prepaid Expense | $119M | $103M | $112M | $248M | $258M | $281M | $214M | $148M | $233M | $103M | · | · | |
| Other Current Assets | $745M | $418M | $341M | $397M | $249M | $292M | $188M | $78M | $202M | $177M | $251M | $376M | |
| Current Assets | $7.69B | $7.16B | $6.81B | $7.07B | $5.49B | $5.06B | $3.56B | $3.36B | $3.73B | $2.12B | $2.65B | $3.57B | |
| PP&E (Net) | $63.33B | $59.25B | $56.08B | $53.49B | $50.70B | $47.84B | $44.28B | $41.35B | $39.05B | $37.00B | $35.09B | $32.98B | |
| Accum. Depreciation | $132M | $124M | $114M | $106M | $98M | $94M | $86M | $82M | $114M | $99M | $85M | $76M | |
| Other Non-current Assets | $2.17B | $2.40B | $2.06B | $1.24B | $1.49B | $860M | $648M | $2.44B | $374M | $416M | $360M | $349M | |
| Total Assets | $94.03B | $85.58B | $81.76B | $78.04B | $74.75B | $69.37B | $64.38B | $56.72B | $52.58B | $51.32B | $50.23B | $49.73B | |
| Accounts Payable | $2.34B | $2.00B | $1.98B | $2.36B | $2.00B | $1.98B | $1.75B | $1.51B | $1.50B | $1.34B | $1.31B | $1.58B | |
| Accrued Liabilities | $473M | $422M | $390M | · | · | · | · | · | · | · | · | · | |
| Short-term Debt | $2.39B | $998M | $1.08B | $2.02B | $2.35B | $2.40B | $550M | $720M | $2.39B | $1.31B | $695M | $1.29B | |
| Current Liabilities | $10.54B | $8.44B | $8.60B | $10.35B | $8.61B | $10.28B | $5.52B | $5.39B | $7.07B | $5.91B | $4.93B | $5.48B | |
| Capital Leases | $1.04B | $1.06B | $1.10B | $936M | $1.35B | $873M | $613M | $0 | · | · | · | · | |
| Deferred Tax | $9.11B | $7.18B | $6.67B | $6.15B | $5.74B | $5.37B | $5.08B | $4.58B | $4.57B | $8.33B | $7.48B | $6.86B | |
| Other Non-current Liabilities | $3.71B | $3.57B | $3.26B | $2.99B | $3.10B | $2.91B | $3.15B | $2.56B | $2.95B | $2.10B | $2.25B | $2.25B | |
| Total Liabilities | $74.77B | $67.84B | $63.81B | $60.52B | $56.96B | $53.42B | $48.89B | $44.06B | $38.70B | $37.13B | $36.84B | $36.75B | |
| Long-term Debt | $38.00B | $35.58B | $33.01B | $29.64B | $25.25B | $20.34B | $18.34B | $14.71B | $12.12B | $11.16B | $11.18B | $10.74B | |
| Total Debt | $40.39B | $36.58B | $34.09B | $31.65B | $27.60B | $23.06B | $18.89B | $15.43B | $14.52B | $12.46B | $11.95B | $12.03B | |
| Common Stock | $6.36B | · | · | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $10.71B | $7.57B | $7.50B | $7.45B | $7.89B | $8.15B | $8.38B | $7.96B | $9.19B | $9.54B | $8.94B | $8.57B | |
| AOCI | $6M | $0 | $-9M | $-11M | $-54M | $-69M | $-69M | $-50M | $-43M | $-53M | $-56M | $-58M | |
| Stockholders' Equity | $17.58B | $15.56B | $15.50B | $15.62B | $15.89B | $14.05B | $15.50B | $12.65B | $13.87B | $14.19B | $13.39B | $12.98B | |
| Liabilities + Equity | $94.03B | $85.58B | $81.76B | $78.04B | $74.75B | $69.37B | $64.38B | $56.72B | $52.58B | $51.32B | $50.23B | $49.73B | |
| Shares Outstanding | 384,787,056 | 384,784,719 | 383,924,912 | 382,208,498 | 380,378,145 | 378,907,147 | 361,985,133 | 325,811,206 | 325,811,206 | 325,811,206 | 325,811,206 | 325,811,206 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3.24B | $2.87B | $2.63B | $2.63B | $2.29B | $2.03B | $1.80B | $1.94B | $2.12B | $2.10B | $1.92B | · | |
| Deferred Tax | $1.23B | $9M | $108M | $-177M | $43M | $-296M | $-284M | $-527M | $498M | $190M | $449M | $522M | |
| Other Non-cash | $-3.13B | $520M | $-835M | $-64M | $-3.25B | $-1.21B | $-3.11B | $2.08B | $380M | · | · | · | |
| Operating Cash Flow | $5.80B | $5.01B | $3.40B | $3.22B | $11M | $1.26B | $-307M | $3.18B | $3.60B | $3.25B | $4.51B | $3.25B | |
| CapEx | $6.51B | $5.71B | $5.45B | $5.78B | $5.50B | $5.48B | $4.88B | $4.51B | $3.84B | $3.75B | $4.22B | $3.91B | |
| Investing Cash Flow | $-6.33B | $-5.54B | $-5.23B | $-5.57B | $-5.15B | $-4.97B | $-4.68B | $-4.24B | $-3.59B | $-3.40B | $-3.89B | $-3.91B | |
| Debt Issued | $5.13B | $5.26B | $5.12B | $5.97B | $5.41B | $3.07B | $3.70B | $3.24B | $2.23B | $397M | $1.42B | $494M | |
| Net Debt Issued | $3.08B | $2.56B | $2.62B | $4.89B | $4.38B | $1.97B | $3.61B | $2.58B | $948M | $177M | $658M | $-113M | |
| Stock Issued | · | · | $20M | $13M | $32M | $912M | $2.39B | $0 | $0 | · | · | · | |
| Stock Repurchased | $32M | $200M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $-32M | $-200M | $20M | $13M | $32M | $912M | $2.39B | · | · | · | · | · | |
| Dividends Paid | $1.27B | $1.20B | $1.11B | $1.05B | $988M | $928M | $810M | $788M | $707M | $626M | $544M | $463M | |
| Financing Cash Flow | $571M | $674M | $1.45B | $2.88B | $5.45B | $3.73B | $4.90B | $82M | $1.01B | $95M | $-588M | $645M | |
| Net Change in Cash | $36M | $152M | $-385M | $523M | $305M | $19M | $-82M | $-980M | $1.02B | $-65M | $29M | $-14M | |
| Taxes Paid | · | $51M | $0 | $-49M | $-88M | $-34M | $-85M | $-135M | $1M | $18M | $1M | $32M | |
| Free Cash Flow | $-715M | $-693M | $-2.05B | $-2.56B | $-5.49B | $-4.22B | $-5.18B | $-1.33B | $-241M | $-478M | $284M | $-658M | |
| Levered FCF | · | · | $-3.54B | $-4.02B | $-6.58B | $-5.61B | $-6.23B | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 36.7% | 16.7% | 16.1% | 8.6% | 9.9% | 9.0% | 14.4% | -4.4% | 12.1% | 17.6% | 17.4% | 18.4% | |
| Net Margin | 23.1% | 8.8% | 8.6% | 4.8% | 6.2% | 5.4% | 10.4% | -2.5% | 5.4% | 12.0% | 9.7% | 12.0% | |
| Pretax Margin | 31.0% | 8.9% | 9.3% | 3.8% | 5.3% | 4.2% | 9.1% | · | · | · | · | · | |
| EBITDA Margin | 53.5% | 33.4% | 32.7% | 23.9% | 25.3% | 23.9% | 29.0% | 11.0% | 28.7% | 17.6% | 17.4% | 18.4% | |
| ROA | 5.0% | 1.8% | 1.8% | 1.1% | 1.3% | 1.1% | 2.1% | -0.58% | 1.3% | 2.8% | 2.2% | 3.3% | |
| ROE | 26.9% | 10.0% | 9.0% | 5.2% | 6.2% | 4.6% | 8.3% | -2.4% | 4.7% | 10.1% | 8.3% | 12.5% | |
| ROIC | 9.6% | 5.6% | 4.9% | 3.9% | 4.0% | 4.8% | 6.4% | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.8 | 0.8 | 0.7 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | 0.4 | 0.5 | 0.7 | |
| Quick Ratio | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | |
| Debt / Equity | 2.3 | 2.4 | 2.2 | 2.0 | 1.7 | 1.4 | 1.2 | 1.2 | 1.0 | 0.9 | 0.9 | 0.9 | |
| LT Debt / Equity | 2.1 | 2.2 | 2.0 | 1.7 | 1.5 | 1.2 | 1.2 | 1.2 | 0.8 | 0.7 | 0.8 | 0.8 | |
| Interest Coverage | · | · | 1.6 | 1.3 | 1.6 | 1.3 | 2.1 | -0.8 | 2.3 | 3.6 | 3.6 | 4.4 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | |
| Receivables Turnover | 10.6 | 8.4 | 8.8 | 11.1 | 11.8 | 14.2 | 16.3 | 17.5 | 17.2 | 16.0 | 14.8 | 16.5 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.8% | 7.7% | -5.1% | 15.5% | 9.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.9% | 5.7% | 6.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 248.9% | 6.4% | 94.4% | -20.0% | 1.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 93.3% | 18.3% | 16.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 42.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 247.3% | 7.3% | 45.3% | -10.9% | 6.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 75.6% | 11.6% | 11.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 38.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19.32B | $17.60B | $16.34B | $17.22B | $14.90B | $13.58B | $12.35B | $12.66B | $12.32B | $11.87B | $11.52B | $13.41B | |
| Net Income TTM | $4.46B | $1.28B | $1.20B | $824M | $925M | $871M | $1.41B | $-423M | $565M | $1.43B | $1.12B | $1.72B | |
| Market Cap | $23.09B | $30.72B | $27.45B | $24.32B | $25.96B | $23.80B | $27.30B | $18.50B | $20.60B | $23.46B | $19.29B | $21.33B | |
| Enterprise Value | $63.32B | $67.11B | $61.19B | $55.06B | $53.17B | $46.77B | $46.12B | $33.78B | $34.03B | $35.82B | $31.08B | $33.23B | |
| P/E | 5.2 | 24.1 | 23.0 | 39.8 | 34.1 | 31.7 | 20.0 | -43.7 | 36.8 | 18.1 | 19.1 | 13.4 | |
| P/S | 1.2 | 1.7 | 1.7 | 1.4 | 1.7 | 1.8 | 2.2 | 1.5 | 1.7 | 2.0 | 1.7 | 1.6 | |
| P/B | 1.3 | 2.0 | 1.8 | 1.6 | 1.6 | 1.5 | 1.8 | 1.5 | 1.5 | 1.7 | 1.4 | 1.6 | |
| P / Tangible Book | 1.3 | 2.0 | 1.8 | 1.6 | 1.6 | 1.7 | · | · | · | · | · | · | |
| P / Cash Flow | 4.0 | 6.1 | 8.1 | 7.6 | 2360.1 | 18.8 | -88.9 | 5.8 | 5.7 | 7.2 | 4.3 | 6.6 | |
| P / FCF | -32.3 | -44.3 | -13.4 | -9.5 | -4.7 | -5.6 | -5.3 | -13.9 | -85.5 | -49.1 | 67.9 | -32.4 | |
| EV / EBITDA | 6.1 | 11.4 | 11.4 | 13.4 | 14.1 | 14.4 | 12.9 | 24.3 | 9.6 | 17.1 | 15.5 | 13.4 | |
| EV / FCF | -88.6 | -96.8 | -29.9 | -21.5 | -9.7 | -11.1 | -8.9 | -25.4 | -141.2 | -74.9 | 109.5 | -50.5 | |
| EV / Revenue | 3.3 | 3.8 | 3.7 | 3.2 | 3.6 | 3.4 | 3.7 | 2.7 | 2.8 | 3.0 | 2.7 | 2.5 | |
| Dividend Yield | 5.5% | 3.9% | 4.0% | 4.3% | 3.8% | 3.9% | 3.0% | 4.3% | 3.4% | 2.7% | 2.8% | 2.2% | |
| Earnings Yield | 19.2% | 4.2% | 4.3% | 2.5% | 2.9% | 3.1% | 5.0% | -2.3% | 2.7% | 5.5% | 5.2% | 7.5% | |
| Payout Ratio | 28.6% | 77.5% | 79.0% | 127.4% | 106.8% | 125.6% | 63.1% | -249.4% | 105.8% | 43.9% | 48.7% | 28.7% | |
| Annual Payout | $1.27B | $1.20B | $1.11B | $1.05B | $988M | $928M | $810M | $788M | $707M | $626M | $544M | $463M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.36B | $4.10B | $5.21B | $5.75B | $4.54B | $3.81B | $3.98B | $5.20B | $4.34B | $4.08B | $3.71B | $4.70B | $3.96B | $3.97B | $4.02B | $5.23B | |
| Operating Expenses | $3.27B | $3.03B | $2.46B | $4.32B | $3.77B | $1.68B | $3.19B | $4.21B | $3.44B | $3.83B | $2.92B | $4.21B | $3.24B | $3.35B | $3.25B | $5.27B | |
| Operating Income | $1.09B | $1.07B | $2.75B | $1.43B | $775M | $2.13B | $790M | $995M | $900M | $245M | $791M | $492M | $724M | $620M | $764M | $-44M | |
| Interest Expense | · | · | · | · | · | · | · | $477M | $480M | $444M | · | $433M | $392M | $361M | · | $302M | |
| Other Non-op | $97M | $121M | $99M | $119M | $113M | $107M | $89M | $127M | $148M | $138M | $123M | $130M | $128M | $119M | $129M | $85M | |
| Pretax Income | $675M | $671M | $2.60B | $1.06B | $384M | $1.94B | $411M | $645M | $568M | $-61M | $488M | $189M | $460M | $378M | $543M | $-261M | |
| Income Tax | $114M | $101M | $682M | $175M | $-14M | $448M | $3M | $68M | $59M | $-113M | $67M | $-23M | $51M | $13M | $73M | $-187M | |
| Net Income | $534M | $531M | $1.85B | $832M | $343M | $1.44B | $340M | $516M | $439M | $-11M | $211M | $212M | $409M | $365M | $470M | $-74M | |
| EPS (Basic) | $1.39 | $1.38 | $4.80 | $2.16 | $0.89 | $3.73 | $0.89 | $1.33 | $1.14 | $-0.03 | $0.99 | $0.40 | $0.92 | $0.81 | $1.09 | $-0.33 | |
| EPS (Diluted) | $1.38 | $1.37 | $4.78 | $2.16 | $0.89 | $3.72 | $0.89 | $1.32 | $1.13 | $-0.03 | $0.98 | $0.40 | $0.92 | $0.81 | $1.08 | $-0.33 | |
| Shares (Basic) | 385,000,000 | 385,000,000 | -770,000,000 | 385,000,000 | 385,000,000 | 385,000,000 | -771,000,000 | 387,000,000 | 385,000,000 | 385,000,000 | -766,000,000 | 383,000,000 | 383,000,000 | 383,000,000 | -763,000,000 | 382,000,000 | |
| Shares (Diluted) | 387,000,000 | 387,000,000 | -772,000,000 | 386,000,000 | 386,000,000 | 386,000,000 | -775,000,000 | 390,000,000 | 388,000,000 | 385,000,000 | -769,000,000 | 385,000,000 | 385,000,000 | 384,000,000 | -765,000,000 | 383,000,000 | |
| EBITDA | $1.09B | $1.91B | · | $1.43B | $775M | $2.88B | · | $995M | $900M | $952M | · | $492M | $724M | $1.30B | · | $-44M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $242M | $168M | $158M | $364M | $140M | $1.32B | $193M | $200M | $465M | $992M | · | $446M | $195M | $836M | · | $232M | |
| Receivables | $1.82B | $1.58B | $1.46B | $2.28B | $1.90B | $1.86B | $2.17B | $2.78B | $2.02B | $1.89B | · | $2.36B | $1.72B | $1.45B | · | $2.26B | |
| Inventory | $567M | $542M | $535M | $524M | $523M | $539M | $538M | $533M | $534M | $519M | · | $505M | $511M | $500M | · | $439M | |
| Prepaid Expense | $112M | $280M | $119M | $116M | $96M | $262M | $103M | $104M | $103M | $244M | · | $102M | $88M | $311M | · | $278M | |
| Other Current Assets | $570M | $789M | $745M | $440M | $419M | $377M | $418M | $319M | $335M | $329M | · | $278M | $289M | $325M | · | $234M | |
| Current Assets | $7.34B | $7.18B | $7.69B | $7.73B | $6.95B | $7.43B | $7.16B | $7.44B | $8.51B | $7.88B | · | $7.24B | $7.42B | $7.21B | · | $6.44B | |
| PP&E (Net) | $65.11B | $64.21B | $63.33B | $61.79B | $61.00B | $60.15B | $59.25B | $58.30B | $57.35B | $56.69B | · | $55.05B | $54.33B | $54.17B | · | $52.60B | |
| Accum. Depreciation | $101M | $117M | $132M | $128M | $125M | $122M | $124M | $122M | $119M | $116M | · | $112M | $111M | $108M | · | $109M | |
| Other Non-current Assets | $2.25B | $2.21B | $2.17B | $2.43B | $2.60B | $2.50B | $2.40B | $2.39B | $2.29B | $2.19B | · | $1.23B | $1.25B | $1.26B | · | $1.52B | |
| Total Assets | $96.17B | $94.47B | $94.03B | $90.49B | $88.81B | $88.42B | $85.58B | $84.75B | $84.82B | $83.60B | · | $80.16B | $79.55B | $78.85B | · | $76.71B | |
| Accounts Payable | $2.16B | $2.41B | $2.34B | $2.35B | $1.96B | $2.16B | $2.00B | $2.19B | $1.89B | $1.90B | · | $2.11B | $1.79B | $1.79B | · | $2.35B | |
| Accrued Liabilities | $558M | $504M | $473M | $436M | $520M | $495M | $422M | $452M | $443M | $440M | · | · | · | · | · | · | |
| Short-term Debt | $1.52B | $1.24B | $2.39B | $1.88B | $700M | $5M | $998M | $568M | $1.50B | $774M | · | $1.00B | $1.16B | $1.65B | · | $3.01B | |
| Current Liabilities | $11.09B | $9.70B | $10.54B | $9.42B | $7.96B | $7.77B | $8.44B | $8.51B | $8.27B | $7.91B | · | $9.03B | $8.83B | $8.37B | · | $10.82B | |
| Capital Leases | $1.02B | $1.03B | $1.04B | $1.06B | $1.04B | $1.05B | $1.06B | $1.06B | $1.08B | $1.09B | · | $1.11B | $916M | $926M | · | $989M | |
| Deferred Tax | $9.48B | $9.28B | $9.11B | $8.43B | $7.88B | $7.73B | $7.18B | $6.97B | $6.86B | $6.67B | · | $6.51B | $6.43B | $6.28B | · | $5.98B | |
| Other Non-current Liabilities | $3.56B | $3.61B | $3.71B | $3.67B | $3.54B | $3.53B | $3.57B | $3.51B | $3.44B | $3.19B | · | $3.16B | $3.09B | $2.99B | · | $2.93B | |
| Total Liabilities | $77.08B | $75.59B | $74.77B | $71.16B | $69.95B | $69.62B | $67.84B | $66.64B | $66.95B | $65.98B | · | $62.59B | $61.86B | $61.30B | · | $59.42B | |
| Long-term Debt | $40.88B | $40.31B | $38.00B | $36.38B | $37.67B | $38.39B | $35.58B | $34.85B | $34.80B | $34.67B | · | $32.47B | $32.32B | $31.66B | · | $27.32B | |
| Total Debt | $42.40B | $41.55B | · | $38.26B | $38.37B | $38.39B | · | $35.42B | $36.30B | $35.45B | · | $33.48B | $33.48B | $33.30B | · | $30.33B | |
| Common Stock | $6.35B | $6.33B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $11.10B | $10.90B | $10.71B | $9.16B | $8.71B | $8.66B | $7.57B | $7.49B | $7.33B | $7.17B | · | $7.40B | $7.55B | $7.46B | · | $7.29B | |
| AOCI | $3M | $6M | $6M | $2M | $2M | · | $0 | $-6M | $-8M | $-9M | · | $-8M | $-8M | $-9M | · | $-47M | |
| Stockholders' Equity | $17.53B | $17.32B | $17.58B | $17.16B | $16.69B | $16.62B | $15.56B | $15.66B | $15.42B | $15.17B | · | $15.67B | $15.79B | $15.65B | · | $15.39B | |
| Liabilities + Equity | $96.17B | $94.47B | $94.03B | $90.49B | $88.81B | $88.42B | $85.58B | $84.75B | $84.82B | $83.60B | · | $80.16B | $79.55B | $78.85B | · | $76.71B | |
| Shares Outstanding | 384,787,767 | 384,793,941 | 384,787,056 | 384,787,056 | 384,786,397 | 384,763,662 | 384,784,719 | 387,148,995 | 386,099,652 | 384,735,109 | · | 383,567,856 | 383,248,837 | 382,659,081 | · | 381,873,341 |
Cash Flow 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $834M | $834M | $807M | $862M | $826M | $742M | $683M | $729M | $747M | $707M | $601M | $663M | $695M | $676M | $656M | $761M | |
| Other Non-cash | · | $62M | · | · | · | $-954M | · | · | · | $284M | · | · | · | $-1.13B | · | · | |
| Operating Cash Flow | $1.27B | $1.43B | $1.57B | $2.12B | $882M | $1.22B | $1.17B | $2.47B | $329M | $1.04B | $855M | $1.83B | $802M | $-90M | $1.10B | $874M | |
| CapEx | $1.85B | $1.54B | $1.89B | $1.50B | $1.71B | $1.41B | $1.50B | $1.51B | $1.42B | $1.28B | $1.46B | $1.28B | $1.39B | $1.32B | $1.57B | $1.50B | |
| Investing Cash Flow | $-1.81B | $-1.59B | $-1.84B | $-1.49B | $-1.63B | $-1.37B | $-1.44B | $-1.43B | $-1.39B | $-1.28B | $-1.34B | $-1.24B | $-1.34B | $-1.30B | $-1.47B | $-1.48B | |
| Debt Issued | $993M | $3.55B | $1.63B | $1M | $0 | $3.50B | $543M | $497M | $1.24B | $2.98B | $443M | $545M | $2.45B | $1.68B | $2.62B | $398M | |
| Net Debt Issued | · | $2.30B | · | · | · | $3.50B | · | · | · | $2.38B | · | · | · | $1.28B | · | · | |
| Stock Issued | · | · | · | · | · | · | · | $0 | $0 | $12M | · | $3M | $3M | $10M | · | $4M | |
| Stock Repurchased | $4M | $26M | $0 | $3M | $0 | $29M | $200M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | $-26M | · | · | · | $-29M | · | · | · | $12M | · | · | · | $10M | · | · | |
| Dividends Paid | $337M | $338M | $319M | $318M | $318M | $319M | $302M | $301M | $300M | $295M | $279M | $278M | $278M | $277M | $263M | $263M | |
| Financing Cash Flow | $490M | $212M | $93M | $-513M | $-383M | $1.37B | $310M | $-1.20B | $577M | $988M | $567M | $-339M | $-97M | $1.32B | $1.05B | $713M | |
| Net Change in Cash | $-47M | $51M | $-177M | $118M | $-1.13B | $1.22B | $41M | $-156M | $-488M | $755M | $83M | $251M | $-640M | $-79M | $684M | $110M | |
| Taxes Paid | · | $0 | · | $-236M | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | $0 | $11M | |
| Free Cash Flow | · | $-112M | · | · | · | $-184M | · | · | · | $-236M | · | · | · | $-1.41B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $142M | · | · | · | $-1.76B | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 25.1% | 26.2% | · | 24.9% | 17.1% | 56.0% | · | 19.1% | 20.8% | 6.0% | · | 10.5% | 18.3% | 15.6% | · | -0.84% | |
| Net Margin | 12.3% | 12.9% | · | 14.5% | 7.5% | 37.7% | · | 11.1% | 11.7% | 1.3% | · | 4.5% | 10.3% | 9.2% | · | -1.4% | |
| Pretax Margin | 15.5% | 16.4% | · | 18.5% | 8.5% | 50.9% | · | 12.4% | 13.1% | -1.5% | · | 4.0% | 11.6% | 9.5% | · | -5.0% | |
| EBITDA Margin | 25.1% | 46.5% | · | 24.9% | 17.1% | 75.5% | · | 19.1% | 20.8% | 23.3% | · | 10.5% | 18.3% | 32.7% | · | -0.84% | |
| ROA | 0.58% | 0.58% | · | 0.95% | 0.40% | 1.7% | · | 0.70% | 0.62% | 0.06% | · | 0.27% | 0.53% | 0.48% | · | -0.10% | |
| ROE | 3.1% | 3.1% | · | 5.1% | 2.1% | 9.0% | · | 3.7% | 3.3% | 0.34% | · | 1.4% | 2.6% | 2.3% | · | -0.49% | |
| ROIC | 1.5% | 1.6% | · | 2.2% | 1.5% | 3.0% | · | 1.7% | 1.6% | -0.41% | · | 1.1% | 1.3% | 1.2% | · | -0.03% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.7 | · | 0.8 | 0.9 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 0.8 | 0.8 | 0.9 | · | 0.6 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.4 | · | 0.4 | 0.3 | 0.4 | · | 0.3 | 0.2 | 0.3 | · | 0.2 | |
| Debt / Equity | 2.4 | 2.4 | · | 2.2 | 2.3 | 2.3 | · | 2.3 | 2.4 | 2.3 | · | 2.1 | 2.1 | 2.1 | · | 2.0 | |
| LT Debt / Equity | 2.1 | 2.2 | · | 2.0 | 2.1 | 2.1 | · | 2.1 | 2.1 | 2.1 | · | 1.9 | 1.9 | 1.9 | · | 1.6 | |
| Interest Coverage | · | · | · | · | · | · | · | 2.1 | 1.9 | 0.6 | · | 1.1 | 1.8 | 1.7 | · | -0.1 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 2.3 | 2.4 | · | 2.3 | 2.3 | 2.0 | · | 2.0 | 2.3 | 2.4 | · | 2.0 | 2.4 | 2.9 | · | 2.7 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $18.75B | $18.21B | · | $19.30B | $17.89B | $17.43B | · | $18.32B | $17.08B | $16.71B | · | $17.86B | $17.17B | $17.17B | · | $18.50B | |
| Net Income TTM | $2.24B | $3.14B | · | $3.13B | $2.73B | $2.38B | · | $1.16B | $1.05B | $975M | · | $912M | $992M | $719M | · | $57M | |
| Market Cap | $28.65B | $28.16B | · | $21.27B | $19.85B | $22.67B | · | $33.72B | $27.73B | $27.21B | · | $24.28B | $26.62B | $27.01B | · | $21.61B | |
| Enterprise Value | $70.81B | $69.54B | · | $59.16B | $58.08B | $59.74B | · | $68.94B | $63.56B | $61.67B | · | $57.31B | $59.90B | $59.48B | · | $51.71B | |
| P/E | 12.8 | 9.0 | · | 6.8 | 7.3 | 9.6 | · | 30.9 | 29.7 | 33.7 | · | 35.2 | 34.2 | 53.1 | · | -148.9 | |
| P/S | 1.5 | 1.5 | · | 1.1 | 1.1 | 1.3 | · | 1.8 | 1.6 | 1.6 | · | 1.4 | 1.6 | 1.6 | · | 1.2 | |
| P/B | 1.6 | 1.6 | · | 1.2 | 1.2 | 1.4 | · | 2.2 | 1.8 | 1.8 | · | 1.5 | 1.7 | 1.7 | · | 1.4 | |
| P / Tangible Book | 1.6 | 1.6 | · | 1.2 | 1.2 | 1.4 | · | 2.2 | 1.8 | 1.8 | · | 1.5 | 1.7 | 1.7 | · | 1.4 | |
| P / Cash Flow | · | 19.7 | · | · | · | 18.5 | · | · | · | 26.1 | · | · | · | -300.1 | · | · | |
| P / FCF | · | -251.4 | · | · | · | -123.2 | · | · | · | -115.3 | · | · | · | -19.1 | · | · | |
| EV / EBITDA | 64.8 | 36.4 | · | 41.3 | 74.9 | 20.8 | · | 69.3 | 70.6 | 64.8 | · | 116.5 | 82.7 | 45.9 | · | -1175.1 | |
| EV / FCF | · | -620.9 | · | · | · | -324.7 | · | · | · | -261.3 | · | · | · | -42.1 | · | · | |
| EV / Revenue | 3.8 | 3.8 | · | 3.1 | 3.2 | 3.4 | · | 3.8 | 3.7 | 3.7 | · | 3.2 | 3.5 | 3.5 | · | 2.8 | |
| Earnings Yield | 7.8% | 11.1% | · | 14.6% | 13.7% | 10.4% | · | 3.2% | 3.4% | 3.0% | · | 2.8% | 2.9% | 1.9% | · | -0.67% | |
| Payout Ratio | · | 63.6% | · | · | · | 22.2% | · | · | · | 567.3% | · | · | · | 75.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $19.32B | $17.60B | $16.34B | $17.22B | $14.90B |
| Operating Margin % | 36.7% | 16.7% | 16.1% | 8.6% | 9.9% |
| Net Income | $4.46B | $1.28B | $1.20B | $824M | $925M |
| Diluted EPS | $11.55 | $3.31 | $3.11 | $1.60 | $2.00 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 2.3 | 2.4 | 2.2 | 2.0 | 1.7 |
| Current Ratio | 0.7 | 0.8 | 0.8 | 0.7 | 0.6 |
| Quick Ratio | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-715M | $-693M | $-2.05B | $-2.56B | $-5.49B |
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Institutional owners (13F) 1,161 filers · $15.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 114 (-81 vs prior Q) | 79 (-1 vs prior Q) | 442 (+25 vs prior Q) | 325 (+30 vs prior Q) | +43.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| STATE STREET CORP | $2,691,109,382 | 36,146,533 | 17.38% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,869,776,461 | 25,114,526 | 12.08% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,728,496,269 | 23,216,874 | 11.16% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,000,425,288 | 12,743,082 | 6.46% | Shares |
| NORGES BANK | $418,485,162 | 5,621,023 | 2.70% | Shares |
| ATLAS Infrastructure Partners (UK) Ltd. | $285,852,338 | 3,839,521 | 1.85% | Shares |
| AMERIPRISE FINANCIAL INC | $258,631,098 | 3,473,907 | 1.67% | Shares |
| GOLDMAN SACHS GROUP INC | $251,239,119 | 3,374,602 | 1.62% | Shares |
| TWO SIGMA INVESTMENTS, LP | $223,062,027 | 2,996,132 | 1.44% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $221,471,031 | 2,974,762 | 1.43% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $212,052,883 | 2,848,259 | 1.37% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $169,055,030 | 2,270,719 | 1.09% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $160,832,176 | 2,160,271 | 1.04% | Shares |
| FIRST TRUST ADVISORS LP | $127,968,305 | 1,718,849 | 0.83% | Shares |
| ASSETMARK, INC | $120,460,708 | 1,618,008 | 0.78% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $118,353,761 | 1,589,708 | 0.76% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $118,317,185 | 1,589,217 | 0.76% | Shares |
| BlackRock, Inc. | $111,935,873 | 1,503,504 | 0.72% | Shares |
| ONTARIO TEACHERS PENSION PLAN BOARD | $109,569,926 | 1,471,725 | 0.71% | Shares |
| Caisse de depot et placement du Quebec | $108,746,509 | 1,460,665 | 0.70% | Shares |
| Bridgewater Associates, LP | $91,917,012 | 1,234,614 | 0.59% | Shares |
| National Pension Service | $86,886,351 | 1,167,043 | 0.56% | Shares |
| FMR LLC | $85,897,042 | 1,153,755 | 0.55% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $83,241,354 | 1,118,084 | 0.54% | Shares |
| IEQ CAPITAL, LLC | $82,345,288 | 1,106,048 | 0.53% | Shares |
| Swiss National Bank | $80,822,920 | 1,085,600 | 0.52% | Shares |
| MACKENZIE FINANCIAL CORP | $79,089,054 | 1,062,311 | 0.51% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $77,069,525 | 1,035,185 | 0.50% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $71,933,590 | 966,200 | 0.46% | Put option |
| Sumitomo Mitsui Trust Group, Inc. | $70,671,290 | 949,245 | 0.46% | Shares |
| Legal & General Group Plc | $70,263,303 | 943,765 | 0.45% | Shares |
| Vanguard Global Advisers, LLC | $70,063,704 | 941,084 | 0.45% | Shares |
| California Public Employees Retirement System | $69,416,361 | 932,389 | 0.45% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $68,981,275 | 926,545 | 0.45% | Shares |
| TWO SIGMA ADVISERS, LP | $63,771,310 | 1,062,501 | 0.41% | Shares |
| Brandywine Global Investment Management, LLC | $62,652,417 | 1,043,859 | 0.40% | Shares |
| FRANKLIN RESOURCES INC | $62,636,348 | 841,321 | 0.40% | Shares |
| RHUMBLINE ADVISERS | $59,966,467 | 805,461 | 0.39% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $59,397,848 | 797,822 | 0.38% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $55,346,130 | 743,400 | 0.36% | Call option |
| BANK OF MONTREAL /CAN/ | $55,261,331 | 742,261 | 0.36% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $52,968,734 | 703,997 | 0.34% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $52,522,763 | 705,477 | 0.34% | Shares |
| ALLIANCEBERNSTEIN L.P. | $50,778,504 | 693,885 | 0.33% | Shares |
| SEI INVESTMENTS CO | $49,875,990 | 669,926 | 0.32% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $49,829,945 | 680,923 | 0.32% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $49,202,898 | 664,581 | 0.32% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $48,886,848 | 656,640 | 0.32% | Shares |
| Mariner, LLC | $47,265,654 | 634,844 | 0.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $44,777,952 | 601,450 | 0.29% | Shares |
| PRUDENTIAL FINANCIAL INC | $44,118,400 | 592,591 | 0.28% | Shares |
| BARCLAYS PLC | $43,226,787 | 580,615 | 0.28% | Shares |
| KLP KAPITALFORVALTNING AS | $42,025,313 | 564,477 | 0.27% | Shares |
| CWM, LLC | $40,500,674 | 553,439 | 0.26% | Shares |
| Aware Super Pty Ltd as trustee of Aware Super | $39,240,659 | 527,074 | 0.25% | Shares |
| VANGUARD GROUP INC | $39,238,555 | 653,758 | 0.25% | Shares |
| LPL Financial LLC | $39,178,146 | 526,235 | 0.25% | Shares |
| MORGAN STANLEY | $38,452,712 | 516,490 | 0.25% | Shares |
| TD Asset Management Inc | $38,025,561 | 510,753 | 0.25% | Shares |
| Bank of New York Mellon Corp | $34,947,798 | 469,413 | 0.23% | Shares |
| AVIVA PLC | $34,680,522 | 465,823 | 0.22% | Shares |
| Robeco Institutional Asset Management B.V. | $33,868,421 | 454,915 | 0.22% | Shares |
| M&G PLC | $33,039,890 | 446,485 | 0.21% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $33,013,289 | 443,429 | 0.21% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $32,746,849 | 439,850 | 0.21% | Shares |
| ALPS ADVISORS INC | $31,967,639 | 429,384 | 0.21% | Shares |
| Investment Management Corp of Ontario | $31,588,316 | 424,289 | 0.20% | Shares |
| Russell Investments Group, Ltd. | $30,689,927 | 412,222 | 0.20% | Shares |
| Saudi Central Bank | $29,091,069 | 371,944 | 0.19% | Shares |
| Arbejdsmarkedets Tillaegspension | $28,894,045 | 388,100 | 0.19% | Shares |
| Maryland State Retirement & Pension System | $28,672,928 | 385,130 | 0.19% | Shares |
| Vanguard Investments Australia, Ltd. | $28,464,543 | 382,331 | 0.18% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $28,331,333 | 410,379 | 0.18% | Shares |
| DNB Asset Management AS | $27,664,578 | 371,586 | 0.18% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $27,575,461 | 370,389 | 0.18% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $27,339,110 | 455,500 | 0.18% | Shares |
| Pictet Asset Management Holding SA | $27,212,815 | 365,518 | 0.18% | Shares |
| Electron Capital Partners, LLC | $26,662,331 | 358,124 | 0.17% | Shares |
| AMERICAN CENTURY COMPANIES INC | $26,639,475 | 357,817 | 0.17% | Shares |
| MACQUARIE GROUP LTD | $26,346,143 | 353,877 | 0.17% | Shares |
| PINEBRIDGE INVESTMENTS LLC | $25,803,104 | 346,583 | 0.17% | Shares |
| Ensign Peak Advisors, Inc | $25,751,362 | 345,888 | 0.17% | Shares |
| Quantinno Capital Management LP | $25,460,713 | 341,984 | 0.16% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $25,257,164 | 339,250 | 0.16% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $25,035,599 | 336,274 | 0.16% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $24,486,903 | 328,904 | 0.16% | Shares |
| Brookstone Capital Management | $24,253,630 | 325,771 | 0.16% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $23,441,997 | 314,869 | 0.15% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $22,553,000 | 302,928 | 0.15% | Shares |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | $22,540,780 | 302,764 | 0.15% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $21,777,221 | 292,508 | 0.14% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $21,595,151 | 290,062 | 0.14% | Shares |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND | $21,295,306 | 286,035 | 0.14% | Shares |
| ASR Vermogensbeheer N.V. | $21,131,516 | 283,835 | 0.14% | Shares |
| Mediolanum International Funds Ltd | $20,587,148 | 272,822 | 0.13% | Shares |
| Impax Asset Management Group plc | $20,500,105 | 275,354 | 0.13% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $20,491,171 | 275,234 | 0.13% | Shares |
| Korea Investment CORP | $20,407,564 | 274,111 | 0.13% | Shares |
| Aberdeen Group plc | $19,999,355 | 268,628 | 0.13% | Shares |
| Focus Partners Wealth | $19,573,325 | 262,903 | 0.13% | Shares |
Company insiders 58 insiders · 31 officers · 26 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Pedro Pizarro | PRESIDENT AND CEO | March 2, 2026 A | 321,885 | 0 | 0 | $0 |
| Kevin M Payne | Pres. and CEO, So. Cal. Edison | March 5, 2020 A | 8,265 | 0 | 0 | $0 |
| Theodore F Craver JR | Chairman, President and CEO | March 7, 2016 G | 287,168 | 0 | 0 | $0 |
| Alan J Fohrer | Chairman & CEO, SCE Co. | Dec. 23, 2010 I | 0 | 0 | 0 | $0 |
| John E Bryson | Chairman & CEO | May 14, 2008 S | 27,969 | 0 | 0 | $0 |
| Maria C. Rigatti | Executive Vice President & CFO | March 5, 2020 A | 14,696 | 0 | 0 | $0 |
| James W Scilacci | Exec VP and CFO | March 8, 2016 S | 9,240 | 0 | 0 | $0 |
| Thomas R Mcdaniel | Exec VP, CFO & Treas. | March 3, 2008 A | 122,785 | 0 | 0 | $0 |
| Ronald Owen Nichols | President, So. Cal. Edison Co. | March 5, 2019 A | 2,717 | 0 | 0 | $0 |
| Ashraf T Dajani | Pres. and COO, Edison Capital | Jan. 3, 2005 A | 14,679 | 0 | 0 | $0 |
| Caroline Choi | Senior Vice President | March 5, 2020 A | 5,125 | 0 | 0 | $0 |
| Jacqueline Trapp | Senior Vice President | March 5, 2020 A | 2,930 | 0 | 0 | $0 |
| Adam S Umanoff | EVP and General Counsel | March 5, 2020 A | 8,763 | 0 | 0 | $0 |
| Steven D Powell | EVP, So. Cal. Edison | March 5, 2020 A | 2,803 | 0 | 0 | $0 |
| Gaddi H. Vasquez | Senior Vice President | Jan. 2, 2019 M | 4,886 | 0 | 0 | $0 |
| Janet Clayton | Senior Vice President | March 1, 2018 A | 6,299 | 0 | 0 | $0 |
| Ronald L Litzinger | Pres. Edison Energy Group, Inc | Nov. 15, 2017 M | 0 | 0 | 0 | $0 |
| Mark Clarke | Vice President and Controller | March 1, 2016 A | 1,413 | 0 | 0 | $0 |
| Bertrand A. Valdman | Senior Vice President | Jan. 2, 2015 M | 5,976 | 0 | 0 | $0 |
| Robert L Adler | Exec. VP and General Counsel | Nov. 12, 2014 M | 19,160 | 0 | 0 | $0 |
| Polly L Gault | Executive Vice President | March 4, 2013 M | 28,978 | 0 | 0 | $0 |
| Daryl D David | Senior Vice President | Jan. 2, 2013 M | 1,738 | 0 | 0 | $0 |
| Barbara J Parsky | Senior Vice President | March 30, 2010 M | 10,714 | 0 | 0 | $0 |
| John R Fielder | Pres., So. Calif Edison Co. | March 3, 2010 A | 0 | 0 | 0 | $0 |
| Linda G Sullivan | Vice President and Controller | March 3, 2009 A | 912 | 0 | 0 | $0 |
| Diane L Featherstone | Senior Vice President | March 3, 2009 A | — | 0 | 0 | $0 |
| Jacob A Bouknight Jr | EVP & General Counsel | March 3, 2008 A | 23,144 | 0 | 0 | $0 |
| Robert Gary Foster | Pres., So. Calif. Edison Co. | Sept. 2, 2005 M | 0 | 0 | 0 | $0 |
| Bryant C Danner | EVP and Gen. Counsel | May 10, 2005 M | 0 | 0 | 0 | $0 |
| Thomas M Noonan | VP and Controller | Jan. 3, 2005 A | 2,697 | 0 | 0 | $0 |
| Harold B Ray | Exec. VP, So. Cal. Edison Co. | Dec. 8, 2003 G | 20,386 | 0 | 0 | $0 |
| Peter J. Taylor | Director | July 13, 2026 S | 33,712 | 0 | 1 | $-37,700 |
| Linda G Stuntz | Director | April 23, 2026 A | 9,434 | 0 | 0 | $0 |
| Jeanne Beliveau-Dunn | Director | April 23, 2020 A | — | 0 | 0 | $0 |
| Michael C Camunez | Director | April 23, 2020 A | — | 0 | 0 | $0 |
| Carey A. Smith | Director | April 23, 2020 A | — | 0 | 0 | $0 |
| James T Morris | Director | April 23, 2020 A | 1,681 | 0 | 0 | $0 |
| Timothy O'Toole | Director | April 23, 2020 A | — | 0 | 0 | $0 |
| Vanessa C L Chang | Director | April 23, 2020 A | 5,000 | 0 | 0 | $0 |
| William P Sullivan | Director | April 23, 2020 A | 6,672 | 0 | 0 | $0 |
| Ellen O. Tauscher | Director | April 25, 2019 A | 6,649 | 0 | 0 | $0 |
| Brett W White | Director | March 20, 2019 M | 5,000 | 0 | 0 | $0 |
| Louis Hernandez JR | Director | April 27, 2017 A | — | 0 | 0 | $0 |
| Jagjeet S. Bindra | Director | Sept. 7, 2016 G | 8,357 | 0 | 0 | $0 |
| Richard T Schlosberg III | Director | April 28, 2016 A | 5,000 | 0 | 0 | $0 |
| Thomas C Sutton | Director | March 17, 2015 M | 26,523 | 0 | 0 | $0 |
| Luis G Nogales | Director | April 24, 2014 A | 0 | 0 | 0 | $0 |
| Bradford M Freeman | Director | April 24, 2014 A | 5,500 | 0 | 0 | $0 |
| Ronald L Olson | Director | April 4, 2014 G | 8,342 | 0 | 0 | $0 |
| France A Cordova | Director | March 4, 2014 M | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 215 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXU · First Trust Exchange-Traded AlphaDE… | 3.94% | 509,285 NS | April 30, 2026 | N-PORT |
| RSPU · Invesco Exchange-Traded Fund Trust | 3.11% | 241,878 SH | Aug. 8, 2026 | Daily |
| BKGI · BNY Mellon ETF Trust | 2.83% | 400,113 NS | April 30, 2026 | N-PORT |
| SNPD · DBX ETF Trust | 2.71% | 1,009 NS | May 29, 2026 | N-PORT |
| ZAP · Global X Funds | 2.60% | 170,566 NS | April 30, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 2.40% | 19,056 SH | Aug. 8, 2026 | Daily |
| STNC · Hennessy Funds Trust | 1.91% | 25,224 NS | April 30, 2026 | N-PORT |
| SDOG · ALPS ETF Trust | 1.84% | 363,344 NS | May 31, 2026 | N-PORT |
| VPU · VANGUARD WORLD FUND | 1.82% | 2,635,053 SH | Aug. 8, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 1.76% | 879,740 SH | Aug. 8, 2026 | Daily |
| PEY · Invesco Exchange-Traded Fund Trust | 1.76% | 299,159 SH | Aug. 8, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 1.67% | 589,546 NS | April 30, 2026 | N-PORT |
| IDU · iShares Trust | 1.61% | 324,846 SH | Aug. 8, 2026 | Daily |
| BMVP · Invesco Exchange-Traded Fund Trust | 1.57% | 24,085 SH | Aug. 8, 2026 | Daily |
| UPW · ProShares Trust | 1.45% | 4,001 NS | May 31, 2026 | N-PORT |
| DVY · iShares Trust | 1.43% | 4,999,891 SH | Aug. 8, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 1.35% | 25,775 SH | Aug. 8, 2026 | Daily |
| BRCE · MFS Active Exchange Traded Funds Tr… | 1.31% | 6,248 NS | May 31, 2026 | N-PORT |
| ALTY · Global X Funds | 1.28% | 8,079 NS | May 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 1.26% | 2,314,583 | Aug. 8, 2026 | Daily |
| TOLZ · ProShares Trust | 1.24% | 30,825 NS | May 31, 2026 | N-PORT |
| JXI · iShares Trust | 1.17% | 53,076 SH | Aug. 8, 2026 | Daily |
| UTSL · Direxion Shares ETF Trust | 1.14% | 7,141 NS | April 30, 2026 | N-PORT |
| FDVV · FIDELITY COVINGTON TRUST | 1.11% | 1,470,630 NS | April 30, 2026 | N-PORT |
| POW · Tidal Trust III | 1.08% | 10,443 NS | May 31, 2026 | N-PORT |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.05% | 357,511 SH | Aug. 8, 2026 | Daily |
| VRAI · ETFis Series Trust I | 1.01% | 2,665 NS | April 30, 2026 | N-PORT |
| POWR · iShares, Inc. | 1.00% | 67,862 SH | Aug. 8, 2026 | Daily |
| RFDA · ALPS ETF Trust | 0.95% | 11,874 NS | May 31, 2026 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.85% | 5,719 NS | April 30, 2026 | N-PORT |
| HIDV · AB Active ETFs, Inc. | 0.83% | 22,828 NS | May 31, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.83% | 154,671 NS | April 30, 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0.80% | 27,276 NS | April 30, 2026 | N-PORT |
| PABU · iShares Trust | 0.78% | 292,323 SH | Aug. 8, 2026 | Daily |
| RPV · Invesco Exchange-Traded Fund Trust | 0.73% | 180,205 SH | Aug. 8, 2026 | Daily |
| IFRA · iShares Trust | 0.72% | 493,941 SH | Aug. 8, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.70% | 24,441,000 | Aug. 8, 2026 | Daily |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.68% | 180,000 | Aug. 8, 2026 | Daily |
| ABCS · EA Series Trust | 0.68% | 1,109 NS | May 29, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.66% | 18,876,000 | Aug. 8, 2026 | Daily |
| PFF · iShares Trust | 0.63% | 3,987,474 SH | Aug. 8, 2026 | Daily |
| FLCC · Federated Hermes ETF Trust | 0.57% | 9,921 NS | May 31, 2026 | N-PORT |
| USNZ · DBX ETF Trust | 0.57% | 24,616 NS | May 29, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.56% | 25,268,000 | Aug. 8, 2026 | Daily |
| CLSE · Trust for Professional Managers | 0.55% | 48,490 NS | May 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.51% | 39,093 NS | April 30, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.50% | 65,100 NS | April 30, 2026 | N-PORT |
| AUSF · Global X Funds | 0.50% | 60,765 NS | May 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.49% | 2,471,797 SH | Aug. 8, 2026 | Daily |
| WLDR · Two Roads Shared Trust | 0.47% | 4,828 NS | April 30, 2026 | N-PORT |