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

Edison International brought in $19.3B of revenue in fiscal 2025, Vistra $17.7B in fiscal 2025. Revenue changed by +9.8% at Edison International and +3.0% at Vistra on the year before, so Edison International grew faster. Edison International kept 23.1% of its revenue as net profit, Vistra 5.3%. Free cash flow was -$715M at Edison International and $1.3B at Vistra.

Side by side, latest fiscal year

EIXVST
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$19.3B$17.7B
Revenue growth+9.8%+3.0%
Net income$4.5B$944M
Net margin23.1%5.3%
Free cash flow-$715M$1.3B
Free cash flow margin-3.7%7.4%
Earnings per share (diluted)$11.55$2.18
Cash$158M$785M
Debt$38B$17B
Price to earnings4.663.5
Market value$20.3B$46.5B
Dividend yield6.38%0.65%
Rank by revenue in sector#12 of 109 · Utilities#14 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: $19.3BVST FY2018: $9.8BVST FY2019: $11.8BVST FY2020: $11.4BVST FY2021: $17.7BVST FY2022: $15.6BVST FY2023: $14.8BVST FY2024: $17.2BVST FY2025: $17.7BFY18FY19FY20FY21FY22FY23FY24FY25
EIX $19.3BVST $17.7B
Net income
EIX FY2018: -$423MEIX FY2019: $1.3BEIX FY2020: $739MEIX FY2021: $759MEIX FY2022: $612MEIX FY2023: $1.2BEIX FY2024: $1.3BEIX FY2025: $4.5BVST FY2018: -$54MVST FY2019: $928MVST FY2020: $636MVST FY2021: -$1.3BVST FY2022: -$1.2BVST FY2023: $1.5BVST FY2024: $2.7BVST FY2025: $944MFY18FY19FY20FY21FY22FY23FY24FY25
EIX $4.5BVST $944M
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%VST FY2018: -0.6%VST FY2019: 7.9%VST FY2020: 5.6%VST FY2021: -7.2%VST FY2022: -7.8%VST FY2023: 10.1%VST FY2024: 15.4%VST FY2025: 5.3%FY18FY19FY20FY21FY22FY23FY24FY25
EIX 23.1%VST 5.3%
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%VST FY2019: +20.5%VST FY2020: -3.1%VST FY2021: +54.7%VST FY2022: -11.7%VST FY2023: -5.5%VST FY2024: +16.5%VST FY2025: +3.0%FY19FY20FY21FY22FY23FY24FY25
EIX +9.8%VST +3.0%
Free cash flow
EIX FY2018: -$1.3BEIX FY2019: -$5.2BEIX FY2020: -$4.2BEIX FY2021: -$5.5BEIX FY2022: -$2.6BEIX FY2023: -$2BEIX FY2024: -$693MEIX FY2025: -$715MVST FY2018: $941MVST FY2019: $2BVST FY2020: $2.1BVST FY2021: -$1.2BVST FY2022: -$816MVST FY2023: $3.8BVST FY2024: $2.5BVST FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
EIX -$715MVST $1.3B

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

Questions about Edison International and Vistra

Which is bigger by revenue, Edison International or Vistra?

Edison International is bigger by revenue: $19.3B in fiscal 2025, against $17.7B for Vistra in fiscal 2025.

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

Edison International had a net margin of 23.1% in fiscal 2025; Vistra had 5.3% in fiscal 2025.

Which grew revenue faster, Edison International or Vistra?

In their latest fiscal years revenue changed by +9.8% at Edison International and +3.0% at Vistra.

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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