Edison International (EIX)
Utilities · Electric utility distribution and transmission
Southern California's largest electricity distributor navigating wildfire liability exposure while investing in grid modernization and renewable integration.
What Edison International does
Edison International is the parent holding company of Southern California Edison (SCE), an investor-owned public utility that supplies and delivers electricity to approximately 50,000 square miles across Southern, Central, and Coastal California, serving millions of customers. SCE operates through a regulated utility model with CPUC oversight, managing generation, transmission, and distribution infrastructure while also recovering authorized costs through rate mechanisms. The company also owns Edison Energy (Trio), a global energy advisory firm providing sustainability and energy solutions to commercial, industrial, and institutional customers, though this business remains non-material to overall results. SCE has implemented a customer-funded wildfire self-insurance program and faces ongoing exposure to legacy wildfire claims while managing significant capital investments in grid modernization and wildfire mitigation.
Themes: ["Wildfire risk and liability management","Regulated utility / rate-base earnings","California energy transition and grid modernization","Renewable energy integration","Climate resilience and extreme weather preparedness"]
Fundamentals
- Price$74.64 as of 2026-07-09 close
- Market cap$28.9B as of 2026-07-10
- 1-year return+47.4% as of 2026-07-09 close
- P/E7.64 as of 2026-07-10
- Net margin+19.3% as of 2026-07-10
- Gross margin+39.3% as of 2026-07-10
- ROE+22.0% as of 2026-07-10
- Debt / equity2.40 as of 2026-07-10
- Revenue growth (YoY)+13.2% as of 2026-07-10
- Revenue CAGR (3y)+3.9% SEC XBRL
- Beta0.67 as of 2026-07-10
Dividend: yield +4.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant legacy wildfire liability exposure from 2017/2018 events and recent fires (e.g., Eaton Fire 2025); settlement agreements and insurance fund coverage provide partial offset but shareholder risk remains","Regulatory and political risk: CPUC rate decisions, disallowed capital expenditures (e.g., $76M impact in 2025 GRC), and changes to California wildfire legislation (AB 1054, SB 254) can materially affect earnings and cost recovery","Capital intensity and execution risk: substantial ongoing capital investment program required for grid modernization, wildfire mitigation, and compliance with state clean energy mandates; cost overruns or delays could pressure profitability"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.