EIX Edison International Common Stock

NYSE · Utilities · View on SEC EDGAR ↗
$73.31
Price · Aug 18, 2026
Fundamentals as of Jul 30, 2026

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 ↗

Wikidata ↗

EIX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$73.31
Market Cap
$28.21B
P/E (TTM)
6.3
EPS (TTM)
$11.55
Revenue (TTM)
$19.32B
Div Yield
4.5%
ROE
26.9%
Debt/Equity
2.3
52W Range
$52 – $82

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

Revenue & Net Income $19.32B
10-point trend, +62.8%
2016-12-31 2025-12-31
EPS $11.55
10-point trend, +190.9%
2016-12-31 2025-12-31
Free Cash Flow $-715M
10-point trend, -49.6%
2016-12-31 2025-12-31
Margins 23.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
EIX
Peer Median
P/E (TTM)
5-point trend, -84.8%
6.3
21.8
P/S (TTM)
5-point trend, -31.4%
1.5
1.9
P/B
5-point trend, -19.6%
1.6
1.7
EV / EBITDA
5-point trend, -56.6%
6.6
Price / FCF
5-point trend, -583.6%
-39.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
EIX
Peer Median
Operating Margin
5-point trend, +270.5%
36.7%
Net Profit Margin
5-point trend, +271.7%
23.1%
13.3%
ROA
5-point trend, +288.3%
5.0%
2.6%
ROE
5-point trend, +335.4%
26.9%
9.5%
ROIC
5-point trend, +141.2%
9.6%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
EIX
Peer Median
Debt / Equity
5-point trend, +32.3%
2.3
Current Ratio
5-point trend, +14.4%
0.7
0.7
Quick Ratio
5-point trend, -25.9%
0.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
EIX
Peer Median
Revenue YoY
5-point trend, +29.6%
9.8%
Revenue CAGR 3Y
5-point trend, +29.6%
3.9%
Revenue CAGR 5Y
5-point trend, +29.6%
7.3%
EPS YoY
5-point trend, +477.5%
248.9%
Net Income YoY
5-point trend, +382.1%
247.3%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
EIX
Peer Median
EPS (Diluted)
5-point trend, +477.5%
$11.55

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
EIX
Peer Median
Payout Ratio
5-point trend, -73.3%
28.6%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
4.5%
Payout Ratio
28.6%
5Y Div CAGR
Ex-dateAmount
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

HOLD 22 analysts
  • 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 · 2026-08-13
Median target $77.00 +5.0%
Mean target $76.04 +3.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.22%
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
Annual Income Statement data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +44.0% $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-point trend, +11.7% $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 12-point trend, +186.9% $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 10-point trend, +187.9% · · $1.61B $1.17B $925M $902M $841M $734M $639M $581M $555M $560M
Other Non-op 10-point trend, +301.8% $438M $502M $500M $348M $237M $251M $193M $197M $132M $109M · ·
Pretax Income 9-point trend, +531.4% $5.99B $1.56B $1.51B $662M $789M $566M $1.13B $-1.09B $949M · · ·
Income Tax 12-point trend, +191.4% $1.29B $17M $108M $-162M $-136M $-305M $-278M $-739M $281M $177M $486M $443M
Net Income 12-point trend, +159.1% $4.46B $1.28B $1.20B $824M $925M $871M $1.41B $-423M $565M $1.43B $1.12B $1.72B
EPS (Basic) 12-point trend, +133.9% $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) 12-point trend, +136.2% $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) 12-point trend, +18.1% 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) 12-point trend, +17.3% 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 12-point trend, +317.9% $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
Annual Balance Sheet data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +19.7% $158M $193M $345M $914M $390M $87M $68M $144M $1.09B $96M $161M $132M
Receivables 12-point trend, +85.2% $1.46B $2.17B $2.02B $1.70B $1.40B $1.13B $788M $730M $717M $714M $771M $790M
Inventory 12-point trend, +90.4% $535M $538M $527M $474M $420M $405M $364M $282M $242M $239M $267M $281M
Prepaid Expense 10-point trend, +15.5% $119M $103M $112M $248M $258M $281M $214M $148M $233M $103M · ·
Other Current Assets 12-point trend, +98.1% $745M $418M $341M $397M $249M $292M $188M $78M $202M $177M $251M $376M
Current Assets 12-point trend, +115.5% $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) 12-point trend, +92.0% $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 12-point trend, +73.7% $132M $124M $114M $106M $98M $94M $86M $82M $114M $99M $85M $76M
Other Non-current Assets 12-point trend, +521.2% $2.17B $2.40B $2.06B $1.24B $1.49B $860M $648M $2.44B $374M $416M $360M $349M
Total Assets 12-point trend, +89.1% $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 12-point trend, +48.4% $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 3-point trend, +21.3% $473M $422M $390M · · · · · · · · ·
Short-term Debt 12-point trend, +85.1% $2.39B $998M $1.08B $2.02B $2.35B $2.40B $550M $720M $2.39B $1.31B $695M $1.29B
Current Liabilities 12-point trend, +92.3% $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 8-point trend, +1041000000.00 $1.04B $1.06B $1.10B $936M $1.35B $873M $613M $0 · · · ·
Deferred Tax 12-point trend, +32.8% $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 12-point trend, +64.3% $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 12-point trend, +103.5% $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 12-point trend, +253.9% $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 12-point trend, +235.8% $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 12-point trend, +25.0% $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 12-point trend, +110.3% $6M $0 $-9M $-11M $-54M $-69M $-69M $-50M $-43M $-53M $-56M $-58M
Stockholders' Equity 12-point trend, +35.4% $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 12-point trend, +89.1% $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 12-point trend, +18.1% 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
Annual Cash Flow data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
D&A 11-point trend, +68.7% $3.24B $2.87B $2.63B $2.63B $2.29B $2.03B $1.80B $1.94B $2.12B $2.10B $1.92B ·
Deferred Tax 12-point trend, +136.2% $1.23B $9M $108M $-177M $43M $-296M $-284M $-527M $498M $190M $449M $522M
Other Non-cash 9-point trend, -923.4% $-3.13B $520M $-835M $-64M $-3.25B $-1.21B $-3.11B $2.08B $380M · · ·
Operating Cash Flow 12-point trend, +78.6% $5.80B $5.01B $3.40B $3.22B $11M $1.26B $-307M $3.18B $3.60B $3.25B $4.51B $3.25B
CapEx 12-point trend, +66.8% $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 12-point trend, -62.1% $-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 12-point trend, +939.1% $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 12-point trend, +2826.5% $3.08B $2.56B $2.62B $4.89B $4.38B $1.97B $3.61B $2.58B $948M $177M $658M $-113M
Stock Issued 7-point trend, +20000000.00 · · $20M $13M $32M $912M $2.39B $0 $0 · · ·
Stock Repurchased 4-point trend, +32000000.00 $32M $200M $0 $0 · · · · · · · ·
Net Stock Activity 7-point trend, -101.3% $-32M $-200M $20M $13M $32M $912M $2.39B · · · · ·
Dividends Paid 12-point trend, +175.2% $1.27B $1.20B $1.11B $1.05B $988M $928M $810M $788M $707M $626M $544M $463M
Financing Cash Flow 12-point trend, -11.5% $571M $674M $1.45B $2.88B $5.45B $3.73B $4.90B $82M $1.01B $95M $-588M $645M
Net Change in Cash 12-point trend, +357.1% $36M $152M $-385M $523M $305M $19M $-82M $-980M $1.02B $-65M $29M $-14M
Taxes Paid 11-point trend, +59.4% · $51M $0 $-49M $-88M $-34M $-85M $-135M $1M $18M $1M $32M
Free Cash Flow 12-point trend, -8.7% $-715M $-693M $-2.05B $-2.56B $-5.49B $-4.22B $-5.18B $-1.33B $-241M $-478M $284M $-658M
Levered FCF 5-point trend, +43.1% · · $-3.54B $-4.02B $-6.58B $-5.61B $-6.23B · · · · ·
Profitability 7
Annual Profitability data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, +99.2% 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 12-point trend, +92.0% 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 7-point trend, +239.8% 31.0% 8.9% 9.3% 3.8% 5.3% 4.2% 9.1% · · · · ·
EBITDA Margin 12-point trend, +190.2% 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 12-point trend, +49.2% 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 12-point trend, +114.8% 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 7-point trend, +49.3% 9.6% 5.6% 4.9% 3.9% 4.0% 4.8% 6.4% · · · · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -0.5% 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 12-point trend, -8.6% 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 12-point trend, +147.9% 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 12-point trend, +160.3% 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 10-point trend, -63.1% · · 1.6 1.3 1.6 1.3 2.1 -0.8 2.3 3.6 3.6 4.4
Efficiency 2
Annual Efficiency data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -22.3% 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 12-point trend, -35.4% 10.6 8.4 8.8 11.1 11.8 14.2 16.3 17.5 17.2 16.0 14.8 16.5
Per Share 6
Annual Per Share data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +14.7% $45.69 $40.45 $40.38 $40.87 $41.77 $42.09 $42.81 $38.83 $42.56 $43.54 $41.09 $39.85
Revenue / Share 12-point trend, +22.8% $50.04 $45.36 $42.44 $44.96 $39.22 $36.30 $36.21 $38.83 $37.56 $35.97 $35.03 $40.77
Cash Flow / Share 12-point trend, +52.2% $15.03 $12.92 $8.83 $8.40 $0.03 $3.38 $-0.90 $9.75 $10.94 $9.87 $13.71 $9.87
Cash / Share 12-point trend, +1.4% $0.41 $0.50 $0.90 $2.39 $1.03 $0.23 $0.19 $0.44 $3.35 $0.29 $0.49 $0.41
Dividend / Share 12-point trend, +126.6% $3 $3 $3 $3 $3 $3 $2 $2 $2 $2 $2 $1
EPS (TTM) 12-point trend, +136.2% $11.55 $3.31 $3.11 $1.60 $2.00 $1.98 $3.77 $-1.30 $1.72 $3.97 $3.10 $4.89
Growth Rates 10
Annual Growth Rates data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -0.1% 9.8% 7.7% -5.1% 15.5% 9.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -38.7% 3.9% 5.7% 6.4% · · · · · · · · ·
Revenue CAGR 5Y 7.3% · · · · · · · · · · ·
EPS YoY 5-point trend, +24547.5% 248.9% 6.4% 94.4% -20.0% 1.0% · · · · · · ·
EPS CAGR 3Y 3-point trend, +474.3% 93.3% 18.3% 16.2% · · · · · · · · ·
EPS CAGR 5Y 42.3% · · · · · · · · · · ·
Net Income YoY 5-point trend, +3888.2% 247.3% 7.3% 45.3% -10.9% 6.2% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +575.8% 75.6% 11.6% 11.2% · · · · · · · · ·
Net Income CAGR 5Y 38.6% · · · · · · · · · · ·
Dividend CAGR 5Y 6.5% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for EIX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +44.0% $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 12-point trend, +159.1% $4.46B $1.28B $1.20B $824M $925M $871M $1.41B $-423M $565M $1.43B $1.12B $1.72B
Market Cap 12-point trend, +8.3% $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 12-point trend, +90.6% $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 12-point trend, -61.2% 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 12-point trend, -24.8% 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 12-point trend, -20.1% 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 6-point trend, -22.5% 1.3 2.0 1.8 1.6 1.6 1.7 · · · · · ·
P / Cash Flow 12-point trend, -39.4% 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 12-point trend, +0.4% -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 12-point trend, -54.4% 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 12-point trend, -75.4% -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 12-point trend, +32.3% 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 12-point trend, +154.4% 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 12-point trend, +157.6% 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 12-point trend, -0.5% 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 12-point trend, +175.2% $1.27B $1.20B $1.11B $1.05B $988M $928M $810M $788M $707M $626M $544M $463M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
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
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 2.32.42.22.01.7
Current Ratio 0.70.80.80.70.6
Quick Ratio 0.20.30.30.30.2
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
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.

Institutional activity — Q2 2026 vs prior quarter
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