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Edison International vs Southern: revenue, profit, margins and growth compared

Edison International brought in $19.3B of revenue in fiscal 2025, Southern $29.6B in fiscal 2025. Revenue changed by +9.8% at Edison International and +10.4% at Southern on the year before, so Southern grew faster. Edison International kept 23.1% of its revenue as net profit, Southern 14.7%. Free cash flow was -$715M at Edison International and -$2.9B at Southern.

Side by side, latest fiscal year

EIXSO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$19.3B$29.6B
Revenue growth+9.8%+10.4%
Net income$4.5B$4.3B
Net margin23.1%14.7%
Free cash flow-$715M-$2.9B
Free cash flow margin-3.7%-9.9%
Earnings per share (diluted)$11.55$3.92
Cash$158M$1.6B
Debt$38B$71.9B
Price to earnings4.621.1
Market value$20.3B$95.3B
Dividend yield6.38%3.55%
Rank by revenue in sector#12 of 109 · Utilities#5 of 109 · Utilities

Over the years

Revenue
EIX FY2018: $12.7BEIX FY2019: $12.3BEIX FY2020: $13.6BEIX FY2021: $14.9BEIX FY2022: $17.2BEIX FY2023: $16.3BEIX FY2024: $17.6BEIX FY2025: $19.3BSO FY2018: $25.2BSO FY2019: $22.6BSO FY2020: $21.1BSO FY2021: $23.5BSO FY2022: $29.3BSO FY2023: $25.3BSO FY2024: $26.8BSO FY2025: $29.6BFY18FY19FY20FY21FY22FY23FY24FY25
EIX $19.3BSO $29.6B
Net income
EIX FY2018: -$423MEIX FY2019: $1.3BEIX FY2020: $739MEIX FY2021: $759MEIX FY2022: $612MEIX FY2023: $1.2BEIX FY2024: $1.3BEIX FY2025: $4.5BSO FY2018: $2.2BSO FY2019: $4.7BSO FY2020: $3.1BSO FY2021: $2.4BSO FY2022: $3.5BSO FY2023: $4BSO FY2024: $4.4BSO FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
EIX $4.5BSO $4.3B
Net margin
EIX FY2018: -3.3%EIX FY2019: 10.4%EIX FY2020: 5.4%EIX FY2021: 5.1%EIX FY2022: 3.6%EIX FY2023: 7.3%EIX FY2024: 7.3%EIX FY2025: 23.1%SO FY2018: 8.8%SO FY2019: 21.0%SO FY2020: 14.8%SO FY2021: 10.2%SO FY2022: 12.0%SO FY2023: 15.7%SO FY2024: 16.4%SO FY2025: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25
EIX 23.1%SO 14.7%
Revenue growth
EIX FY2019: -2.4%EIX FY2020: +10.0%EIX FY2021: +9.8%EIX FY2022: +15.5%EIX FY2023: -5.1%EIX FY2024: +7.7%EIX FY2025: +9.8%SO FY2019: -10.5%SO FY2020: -6.6%SO FY2021: +11.2%SO FY2022: +24.8%SO FY2023: -13.8%SO FY2024: +6.0%SO FY2025: +10.4%FY19FY20FY21FY22FY23FY24FY25
EIX +9.8%SO +10.4%
Free cash flow
EIX FY2018: -$1.3BEIX FY2019: -$5.2BEIX FY2020: -$4.2BEIX FY2021: -$5.5BEIX FY2022: -$2.6BEIX FY2023: -$2BEIX FY2024: -$693MEIX FY2025: -$715MSO FY2018: -$1.1BSO FY2019: -$1.8BSO FY2020: -$826MSO FY2021: -$1.4BSO FY2022: -$1.6BSO FY2023: -$1.5BSO FY2024: $833MSO FY2025: -$2.9BFY18FY19FY20FY21FY22FY23FY24FY25
EIX -$715MSO -$2.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Edison International and Southern

Which is bigger by revenue, Edison International or Southern?

Southern is bigger by revenue: $29.6B in fiscal 2025, against $19.3B for Edison International in fiscal 2025.

Which keeps more of its revenue as profit, Edison International or Southern?

Edison International had a net margin of 23.1% in fiscal 2025; Southern had 14.7% in fiscal 2025.

Which grew revenue faster, Edison International or Southern?

In their latest fiscal years revenue changed by +9.8% at Edison International and +10.4% at Southern.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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