EDISON INTERNATIONAL
EIX · Electric Services · 384.8M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Reference price $75.30 · est. market cap ~$29.0B — last insider sale, 2026-04-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B79Large California electric utility with top-decile margins and ROE, overhung by California wildfire liability and heavy leverage.
Strengths
- Operating margin 36.7% and net margin 23% (both 100th pct) with ROE 25.4% (94th pct) and ROIC 10.4% (89th pct)
- Strong earnings rebound (+247%) and a sizable cash/liquidity cushion (26.5 quarters runway)
Risks
- Negative free cash flow (-$715M) and debt/equity 2.05 (85th pct) reflect a capital-heavy, leveraged model
- Material California wildfire liability exposure is a specific tail risk that caps the valuation
Notable findings
- Cash burnNegative free cash flow (-715.0M)
- High leverageHigh leverage (debt/equity 2.05)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Weak liquidityCurrent ratio 0.73 (<1)
- Strong balance sheetStrong balance sheet — $4.7B cash & investments, ~26 quarters of runway
- Insider sellingInsider selling — 5 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$683,273, last 6mo) Form 4 ↗
- Revenue declineRevenue -21.3% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
36.7%
Net margin
23.1%
Return on equity
25.4%
Return on assets
4.7%
ROIC
10.4%
Revenue growth (QoQ)
-21.3%
Net-income growth
247.3%
Debt / equity
2.1×
Net debt / EBITDA
3.0×
Current ratio
0.7×
Free cash flow
-$715M
EBITDA
$10.3B
Tangible book value
$17.6B
Cash & investments
$4.7B
Cash runway
26q
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-23 | Smith Carey A. | Grant | 2.7K | — |
| 2026-04-23 | Granholm Jennifer M | Grant | 2.7K | — |
| 2026-04-13 | Taylor Peter J. | Sell | 500 | $75.30 |
| 2026-03-02 | Taylor Peter J. | Sell | 500 | $74.54 |
| 2026-03-02 | Anderson Jill Charlotte | Option exercise | 8.7K | $60.78 |
| 2026-03-02 | Anderson Jill Charlotte | Tax withheld | 7.7K | $74.65 |
| 2026-03-02 | Anderson Jill Charlotte | Option exercise | 10K | $62.50 |
| 2026-03-02 | Anderson Jill Charlotte | Tax withheld | 9.2K | $74.65 |
| 2026-03-02 | Anderson Jill Charlotte | Sell | 2.1K | $74.55 |
| 2026-02-27 | Anderson Jill Charlotte | Option exercise | 13K | $63.65 |
| 2026-02-27 | Anderson Jill Charlotte | Tax withheld | 12K | $74.83 |
| 2026-02-27 | Anderson Jill Charlotte | Sell | 4.8K | $74.72 |
| 2026-02-27 | Anderson Jill Charlotte | Option exercise | 20K | $54.91 |
| 2026-02-27 | Anderson Jill Charlotte | Tax withheld | 17K | $74.83 |
| 2026-02-25 | Choi Caroline | Tax withheld | 1.5K | $75.20 |
| 2026-02-25 | Choi Caroline | Disposition | 0 | $75.20 |
| 2026-02-25 | Powell Steven D | Grant | 9.6K | — |
| 2026-02-25 | Powell Steven D | Tax withheld | 3.9K | $75.20 |
| 2026-02-25 | Powell Steven D | Disposition | 1 | $75.20 |
| 2026-02-25 | Rigatti Maria C. | Grant | 11K | — |
| 2026-02-25 | Rigatti Maria C. | Tax withheld | 4.5K | $75.20 |
| 2026-02-25 | Rigatti Maria C. | Disposition | 0 | $75.20 |
| 2026-02-25 | Murphy J Andrew | Tax withheld | 1.6K | $75.20 |
| 2026-02-25 | Murphy J Andrew | Disposition | 0 | $75.20 |
| 2026-02-25 | PIZARRO PEDRO | Grant | 47K | — |
| 2026-02-25 | PIZARRO PEDRO | Tax withheld | 24K | $75.20 |
| 2026-02-25 | PIZARRO PEDRO | Disposition | 0 | $75.20 |
| 2026-02-25 | Murphy J Andrew | Grant | 4.4K | — |
| 2026-02-25 | Bowman Erica S | Grant | 908 | — |
| 2026-02-25 | Bowman Erica S | Tax withheld | 326 | $75.20 |
| 2026-02-25 | Bowman Erica S | Disposition | 0 | $75.20 |
| 2026-02-25 | Ryan Kara Gostenhofer | Grant | 1.7K | — |
| 2026-02-25 | Ryan Kara Gostenhofer | Tax withheld | 621 | $75.20 |
| 2026-02-25 | Ryan Kara Gostenhofer | Disposition | 0 | $75.20 |
| 2026-02-25 | Schilling Natalie K | Grant | 3.2K | — |
| 2026-02-25 | Schilling Natalie K | Tax withheld | 1.2K | $75.20 |
| 2026-02-25 | Schilling Natalie K | Disposition | 1 | $75.20 |
| 2026-02-25 | Anderson Jill Charlotte | Grant | 3.0K | — |
| 2026-02-25 | Anderson Jill Charlotte | Tax withheld | 1.1K | $75.20 |
| 2026-02-25 | Anderson Jill Charlotte | Disposition | 1 | $75.20 |
| 2026-02-25 | Choi Caroline | Grant | 4.2K | — |
| 2026-02-23 | Bowman Erica S | Option exercise | 1.9K | $54.91 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 1.6K | $73.95 |
| 2026-02-23 | Bowman Erica S | Option exercise | 995 | $63.65 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 915 | $73.95 |
| 2026-02-23 | Bowman Erica S | Option exercise | 178 | $56.58 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 155 | $73.95 |
| 2026-02-23 | Bowman Erica S | Option exercise | 2.3K | $64.59 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 2.1K | $73.95 |
| 2026-02-23 | Bowman Erica S | Option exercise | 2.9K | $66.55 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 2.7K | $73.95 |
| 2026-02-23 | Bowman Erica S | Option exercise | 3.3K | $55.27 |
| 2026-02-23 | Bowman Erica S | Tax withheld | 2.8K | $73.95 |
| 2026-02-23 | Bowman Erica S | Sell | 1.3K | $73.88 |
| 2026-02-01 | Beliveau-Dunn Jeanne | Option exercise | 3.4K | — |
| 2026-02-01 | Beliveau-Dunn Jeanne | Disposition | 1 | $62.28 |
| 2026-01-02 | Ryan Kara Gostenhofer | Disposition | 1 | $60.93 |
| 2026-01-02 | Bowman Erica S | Option exercise | 776 | — |
| 2026-01-02 | Bowman Erica S | Tax withheld | 320 | $60.93 |
| 2026-01-02 | Bowman Erica S | Disposition | 0 | $60.93 |
| 2026-01-02 | Ryan Kara Gostenhofer | Option exercise | 1.5K | — |
| 2026-01-02 | Ryan Kara Gostenhofer | Tax withheld | 603 | $60.93 |
| 2026-01-02 | Schilling Natalie K | Option exercise | 2.7K | — |
| 2026-01-02 | Schilling Natalie K | Tax withheld | 880 | $60.93 |
| 2026-01-02 | Schilling Natalie K | Disposition | 1 | $60.93 |
| 2026-01-02 | Anderson Jill Charlotte | Option exercise | 2.5K | — |
| 2026-01-02 | Anderson Jill Charlotte | Tax withheld | 1.0K | $60.93 |
| 2026-01-02 | Anderson Jill Charlotte | Disposition | 0 | $60.93 |
| 2026-01-02 | Choi Caroline | Option exercise | 3.6K | — |
| 2026-01-02 | Choi Caroline | Tax withheld | 1.4K | $60.93 |
| 2026-01-02 | Choi Caroline | Disposition | 0 | $60.93 |
| 2026-01-02 | Powell Steven D | Option exercise | 8.2K | — |
| 2026-01-02 | Powell Steven D | Tax withheld | 3.1K | $60.93 |
| 2026-01-02 | Powell Steven D | Disposition | 1 | $60.93 |
| 2026-01-02 | Rigatti Maria C. | Option exercise | 9.0K | — |
| 2026-01-02 | Rigatti Maria C. | Tax withheld | 2.9K | $60.93 |
| 2026-01-02 | Rigatti Maria C. | Disposition | 1 | $60.93 |
| 2026-01-02 | Murphy J Andrew | Option exercise | 3.8K | — |
| 2026-01-02 | Murphy J Andrew | Tax withheld | 1.2K | $60.93 |
| 2026-01-02 | Murphy J Andrew | Disposition | 1 | $60.93 |
| 2026-01-02 | PIZARRO PEDRO | Option exercise | 40K | — |
| 2026-01-02 | PIZARRO PEDRO | Tax withheld | 18K | $60.93 |
| 2026-01-02 | PIZARRO PEDRO | Disposition | 0 | $60.93 |
| 2026-01-01 | Smith Carey A. | Option exercise | 950 | — |
| 2026-01-01 | Smith Carey A. | Disposition | 1 | $60.02 |
| 2026-01-01 | STUNTZ LINDA G | Option exercise | 1.2K | — |
| 2026-01-01 | STUNTZ LINDA G | Disposition | 2 | $60.02 |
| 2025-12-16 | Schilling Natalie K | Option exercise | 214 | — |
| 2025-12-16 | Schilling Natalie K | Tax withheld | 214 | $59.09 |
| 2025-12-16 | Rigatti Maria C. | Option exercise | 820 | — |
| 2025-12-16 | Rigatti Maria C. | Tax withheld | 820 | $59.09 |
| 2025-12-16 | Murphy J Andrew | Option exercise | 314 | — |
| 2025-12-16 | Murphy J Andrew | Tax withheld | 314 | $59.09 |
| 2025-10-30 | Taylor Peter J. | Sell | 1.8K | $55.27 |
| 2025-08-04 | Murphy J Andrew | Sell | 12K | $54.42 |
| 2025-04-24 | Taylor Peter J. | Grant | 4.6K | — |
| 2025-03-06 | Beliveau-Dunn Jeanne | Sell | 3.3K | $54.34 |
| 2025-02-26 | Powell Steven D | Grant | 19K | — |
| 2025-02-26 | Powell Steven D | Tax withheld | 8.7K | $52.61 |
| 2025-02-26 | Powell Steven D | Disposition | 1 | $52.61 |
| 2025-02-26 | Anderson Jill Charlotte | Grant | 6.6K | — |
| 2025-02-26 | Anderson Jill Charlotte | Tax withheld | 2.4K | $52.61 |
| 2025-02-26 | Anderson Jill Charlotte | Disposition | 1 | $52.61 |
| 2025-02-26 | PIZARRO PEDRO | Grant | 109K | — |
| 2025-02-26 | PIZARRO PEDRO | Tax withheld | 55K | $52.61 |
| 2025-02-26 | PIZARRO PEDRO | Disposition | 1 | $52.61 |
| 2025-02-26 | Umanoff Adam S | Grant | 16K | — |
| 2025-02-26 | Umanoff Adam S | Tax withheld | 6.8K | $52.61 |
| 2025-02-26 | Umanoff Adam S | Disposition | 1 | $52.61 |
| 2025-02-26 | Rigatti Maria C. | Grant | 24K | — |
| 2025-02-26 | Rigatti Maria C. | Tax withheld | 12K | $52.61 |
| 2025-02-26 | Rigatti Maria C. | Disposition | 0 | $52.61 |
| 2025-02-26 | Choi Caroline | Grant | 9.3K | — |
| 2025-02-26 | Choi Caroline | Tax withheld | 3.3K | $52.61 |
| 2025-02-26 | Choi Caroline | Disposition | 1 | $52.61 |
| 2025-02-26 | Bowman Erica S | Grant | 1.8K | — |
| 2025-02-26 | Bowman Erica S | Tax withheld | 692 | $52.61 |
| 2025-02-26 | Bowman Erica S | Disposition | 2 | $52.61 |
| 2025-02-26 | Murphy J Andrew | Grant | 8.8K | — |
| 2025-02-26 | Murphy J Andrew | Tax withheld | 3.2K | $52.61 |
| 2025-02-26 | Murphy J Andrew | Disposition | 1 | $52.61 |
| 2025-02-26 | Schilling Natalie K | Grant | 6.9K | — |
| 2025-02-26 | Schilling Natalie K | Tax withheld | 2.6K | $52.61 |
| 2025-02-26 | Schilling Natalie K | Disposition | 1 | $52.61 |
| 2025-01-31 | Beliveau-Dunn Jeanne | Option exercise | 3.3K | — |
| 2025-01-31 | Beliveau-Dunn Jeanne | Disposition | 1 | $54.00 |
| 2025-01-02 | Rigatti Maria C. | Option exercise | 22K | $63.72 |
| 2025-01-02 | Rigatti Maria C. | Tax withheld | 20K | $80.01 |
| 2025-01-02 | Rigatti Maria C. | Option exercise | 8.5K | — |
| 2025-01-02 | Rigatti Maria C. | Tax withheld | 2.8K | $80.01 |
| 2025-01-02 | Rigatti Maria C. | Disposition | 0 | $80.01 |
| 2025-01-02 | Bowman Erica S | Option exercise | 629 | — |
| 2025-01-02 | Bowman Erica S | Tax withheld | 259 | $80.01 |
| 2025-01-02 | Bowman Erica S | Disposition | 1 | $80.01 |
| 2025-01-02 | Schilling Natalie K | Option exercise | 2.5K | — |
| 2025-01-02 | Schilling Natalie K | Tax withheld | 798 | $80.01 |
| 2025-01-02 | Schilling Natalie K | Disposition | 1 | $80.01 |
| 2025-01-02 | Umanoff Adam S | Option exercise | 5.8K | — |
| 2025-01-02 | Umanoff Adam S | Tax withheld | 1.9K | $80.01 |
| 2025-01-02 | Umanoff Adam S | Disposition | 1 | $80.01 |
| 2025-01-02 | Powell Steven D | Option exercise | 6.9K | $63.72 |
| 2025-01-02 | Powell Steven D | Tax withheld | 6.1K | $80.01 |
| 2025-01-02 | Powell Steven D | Option exercise | 6.8K | — |
| 2025-01-02 | Powell Steven D | Tax withheld | 2.4K | $80.01 |
| 2025-01-02 | Powell Steven D | Disposition | 1 | $80.01 |
| 2025-01-02 | PIZARRO PEDRO | Option exercise | 112K | $63.72 |
| 2025-01-02 | PIZARRO PEDRO | Tax withheld | 99K | $80.01 |
| 2025-01-02 | PIZARRO PEDRO | Option exercise | 39K | — |
| 2025-01-02 | PIZARRO PEDRO | Tax withheld | 20K | $80.01 |
| 2025-01-02 | PIZARRO PEDRO | Disposition | 1 | $80.01 |
| 2025-01-02 | Murphy J Andrew | Option exercise | 3.2K | — |
| 2025-01-02 | Murphy J Andrew | Tax withheld | 1.0K | $80.01 |
| 2025-01-02 | Murphy J Andrew | Disposition | 0 | $80.01 |
| 2025-01-02 | Choi Caroline | Option exercise | 3.3K | — |
| 2025-01-02 | Choi Caroline | Tax withheld | 1.3K | $80.01 |
| 2025-01-02 | Choi Caroline | Disposition | 1 | $80.01 |
| 2025-01-02 | Anderson Jill Charlotte | Option exercise | 2.3K | — |
| 2025-01-02 | Anderson Jill Charlotte | Tax withheld | 939 | $80.01 |
| 2025-01-02 | Anderson Jill Charlotte | Disposition | 1 | $80.01 |
| 2025-01-01 | STUNTZ LINDA G | Option exercise | 1.1K | — |
| 2025-01-01 | STUNTZ LINDA G | Disposition | 2 | $79.84 |
| 2025-01-01 | Smith Carey A. | Option exercise | 350 | — |
| 2025-01-01 | Smith Carey A. | Disposition | 1 | $79.84 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-05 | OtherExhibits | filing ↗ |
| 2026-04-24 | Shareholder vote | filing ↗ |
| 2026-04-23 | Exec/director change5.03Reg FDExhibits | filing ↗ |
| 2026-02-26 | OtherExhibits | filing ↗ |
| 2025-12-23 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-12-22 | OtherExhibits | filing ↗ |
| 2025-11-20 | OtherExhibits | filing ↗ |
| 2025-04-25 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-05 | 2026-04-30 | 0000827052-26-000047 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0000827052-26-000031 ↗ |
| 8-K | 2026-04-23 | 2026-04-20 | 0000827052-26-000028 ↗ |
| 8-K | 2026-02-26 | 2026-02-23 | 0000827052-26-000018 ↗ |
| 8-K | 2025-12-23 | 2025-12-23 | 0000827052-25-000119 ↗ |
| 8-K | 2025-12-22 | 2025-12-19 | 0000827052-25-000116 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0000827052-25-000106 ↗ |
| 8-K | 2025-04-25 | 2025-04-24 | 0000827052-25-000034 ↗ |
| 8-K | 2025-03-14 | 2025-03-11 | 0000827052-25-000027 ↗ |
| 8-K | 2025-02-20 | 2025-02-20 | 0000827052-25-000008 ↗ |
| 8-K | 2025-02-10 | 2025-02-07 | 0000827052-25-000004 ↗ |
| 8-K | 2024-11-05 | 2024-10-31 | 0000827052-24-000081 ↗ |