EIXEdison International

$57.33+3.8% 1Y

Is the business good?

Mixed

The checks split: earnings fully cash-backed (1.3×) and margins widening, but returns that lean on debt.

2 good, 1 to watch, 1 without data
Profits arrive as cash1.28×derived · Jun 30, 2026

Operating profit is fully backed by cash. Conversion is worsening vs a year ago.

Margin direction, 3 years+19.2 pts

Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.

Where ROE comes from4.9× leverage

Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 19% = margin × turnover × leverage.

Unless marked, from derived.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

FCF conversionbottom 8% of the market
Leverage (Debt/EBITDA)behind 71% of the market

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is EIX?

Edison International earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

8.2%

Return on invested capital · cost of capital 9.0% · 0.81 points below what the capital costs: growth destroys value

Operating margin
33%

Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q2 2026

Cash conversion
1.28×

Cash conversion · 1.44× a year ago · operating cash flow covers the operating profit after tax

Share count, year on year
+0.26%

Share count, year on year · flat: no meaningful dilution

Operating margin by fiscal year
YearOperating margin
FY20209.0%
FY20219.9%
FY20228.6%
FY202316%
FY202417%
FY202537%
Details›
Operating margin12 months to Q2 2026
33%
Net margin12 months to Q2 2026
19%
Free cash flow margin
−2.0%
Revenue, trailing twelve months
$19.4B
Free cash flow, trailing twelve months
−$389M
Net income, trailing twelve months
$3.75B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
8.2%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.