Edison International (EIX) FY2025 10-K Annual Report
Edison International (EIX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Edison International FY2025 10-K Analysis
Business Overview
- • Core business model: Regulated electric utility focused on power generation and distribution through Southern California Edison
- • Emphasis on wildfire risk management with detailed wildfire mitigation plan and public safety power shutoffs highlighted this year
- • Strategic focus on recovery of wildfire-related costs and associated regulatory approvals
- • Employee and human capital management discussed, reflecting ongoing workforce and safety certifications
- • Significant regulatory environment overview detailing ratemaking, purchased power, and environmental compliance
Management Discussion & Analysis
- • Revenue and earnings: Net income $4.459B in 2025 vs $1.284B in 2024, up $3.175B YoY; SCE core earnings $2.911B vs $2.232B, up $679M
- • Margins: SCE core earnings increase driven by 2025 GRC final decision revenue and interest expense benefits; no specific % margin given
- • Best segment: SCE with $2.911B core earnings in 2025 up $679M; Worst: Edison International Parent and Other with core loss $391M vs $332M in 2024
- • Capital expenditures: $6.7B in 2025 vs $5.7B in 2024; forecast $7.3B - $9.1B annually 2026-2030; rate base $48.2B end 2025 up from $45.7B
- • Forward outlook: SCE projects electricity demand to nearly double 2025-2045; expects bundled system average rate growth at or below inflation through 2030; highlights wildfire risks, Eaton Fire settlements and related regulatory and litigation risks
Risk Factors
- • Regulatory risk from California Wildfire Fund requirements under SB 901 affecting cost recovery for wildfire liabilities
- • Geopolitical exposure in California to severe wildfire events causing prolonged power shutoffs impacting millions
- • Operational risk from dependency on aging transmission infrastructure risking outages during peak demand
- • Competitive threat from distributed solar and battery storage growth reducing utility electricity demand
- • Financial leverage includes $3.5 billion long-term debt increasing interest expense risk amid rising rates
Edison International FY2025 Key Financial MetricsXBRL
Revenue
$19.3B
▲ +9.8% YoY
Net Income
$4.5B
▲ +247.3% YoY
Operating Margin
36.7%
▲ +2007bp YoY
Net Margin
23.1%
▲ +1579bp YoY
ROE
25.4%
▲ +1712bp YoY
Total Assets
$94.0B
▲ +9.9% YoY
EPS (Diluted)
$11.55
▲ +248.9% YoY
Operating Cash Flow
$5.8B
▲ +15.7% YoY
Source: XBRL data from Edison International FY2025 10-K filing on SEC EDGAR. All figures in USD.
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