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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Edison International (EIX). Click either name above to swap in a different company.

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $5.2B, roughly 1.6× Edison International). Edison International runs the higher net margin — 35.4% vs 6.4%, a 29.0% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 30.8%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 13.1%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.

ATHS vs EIX — Head-to-Head

Bigger by revenue
ATHS
ATHS
1.6× larger
ATHS
$8.1B
$5.2B
EIX
Growing faster (revenue YoY)
ATHS
ATHS
+84.2% gap
ATHS
115.1%
30.8%
EIX
Higher net margin
EIX
EIX
29.0% more per $
EIX
35.4%
6.4%
ATHS
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
13.1%
EIX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATHS
ATHS
EIX
EIX
Revenue
$8.1B
$5.2B
Net Profit
$523.0M
$1.8B
Gross Margin
Operating Margin
16.9%
52.8%
Net Margin
6.4%
35.4%
Revenue YoY
115.1%
30.8%
Net Profit YoY
-48.5%
443.5%
EPS (diluted)
$4.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
EIX
EIX
Q4 25
$8.1B
$5.2B
Q3 25
$8.0B
$5.8B
Q2 25
$5.4B
$4.5B
Q1 25
$4.2B
$3.8B
Q4 24
$3.8B
$4.0B
Q3 24
$6.5B
$5.2B
Q2 24
$4.7B
$4.3B
Q1 24
$5.7B
$4.1B
Net Profit
ATHS
ATHS
EIX
EIX
Q4 25
$523.0M
$1.8B
Q3 25
$1.3B
$832.0M
Q2 25
$464.0M
$343.0M
Q1 25
$465.0M
$1.4B
Q4 24
$1.0B
$340.0M
Q3 24
$625.0M
$516.0M
Q2 24
$629.0M
$439.0M
Q1 24
$1.2B
$-11.0M
Operating Margin
ATHS
ATHS
EIX
EIX
Q4 25
16.9%
52.8%
Q3 25
26.8%
24.9%
Q2 25
12.2%
17.1%
Q1 25
22.3%
56.0%
Q4 24
30.4%
19.8%
Q3 24
25.7%
19.1%
Q2 24
22.0%
20.8%
Q1 24
31.1%
6.0%
Net Margin
ATHS
ATHS
EIX
EIX
Q4 25
6.4%
35.4%
Q3 25
15.7%
14.5%
Q2 25
8.7%
7.6%
Q1 25
11.1%
37.7%
Q4 24
26.8%
8.5%
Q3 24
9.6%
9.9%
Q2 24
13.5%
10.1%
Q1 24
20.8%
-0.3%
EPS (diluted)
ATHS
ATHS
EIX
EIX
Q4 25
$4.78
Q3 25
$2.16
Q2 25
$0.89
Q1 25
$3.72
Q4 24
$0.89
Q3 24
$1.32
Q2 24
$1.13
Q1 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
EIX
EIX
Cash + ST InvestmentsLiquidity on hand
$158.0M
Total DebtLower is stronger
$7.8B
$38.0B
Stockholders' EquityBook value
$20.5B
$17.6B
Total Assets
$442.2B
$94.0B
Debt / EquityLower = less leverage
0.38×
2.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
EIX
EIX
Q4 25
$158.0M
Q3 25
$364.0M
Q2 25
$140.0M
Q1 25
$1.3B
Q4 24
$193.0M
Q3 24
$200.0M
Q2 24
$465.0M
Q1 24
$15.3B
$992.0M
Total Debt
ATHS
ATHS
EIX
EIX
Q4 25
$7.8B
$38.0B
Q3 25
$7.9B
$36.4B
Q2 25
$7.9B
$37.7B
Q1 25
$6.3B
$38.4B
Q4 24
$6.3B
$35.6B
Q3 24
$5.7B
$34.9B
Q2 24
$5.7B
$34.8B
Q1 24
$5.7B
$34.7B
Stockholders' Equity
ATHS
ATHS
EIX
EIX
Q4 25
$20.5B
$17.6B
Q3 25
$20.4B
$17.2B
Q2 25
$18.1B
$16.7B
Q1 25
$17.5B
$16.6B
Q4 24
$16.4B
$15.6B
Q3 24
$17.4B
$15.7B
Q2 24
$15.0B
$15.4B
Q1 24
$14.8B
$15.2B
Total Assets
ATHS
ATHS
EIX
EIX
Q4 25
$442.2B
$94.0B
Q3 25
$429.9B
$90.5B
Q2 25
$405.3B
$88.8B
Q1 25
$381.5B
$88.4B
Q4 24
$363.3B
$85.6B
Q3 24
$355.0B
$84.7B
Q2 24
$332.6B
$84.8B
Q1 24
$320.6B
$83.6B
Debt / Equity
ATHS
ATHS
EIX
EIX
Q4 25
0.38×
2.16×
Q3 25
0.38×
2.12×
Q2 25
0.43×
2.26×
Q1 25
0.36×
2.31×
Q4 24
0.39×
2.29×
Q3 24
0.33×
2.23×
Q2 24
0.38×
2.26×
Q1 24
0.39×
2.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
EIX
EIX
Operating Cash FlowLast quarter
$3.0B
$1.6B
Free Cash FlowOCF − Capex
$-319.0M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
36.3%
Cash ConversionOCF / Net Profit
5.82×
0.85×
TTM Free Cash FlowTrailing 4 quarters
$-715.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
EIX
EIX
Q4 25
$3.0B
$1.6B
Q3 25
$636.0M
$2.1B
Q2 25
$1.1B
$882.0M
Q1 25
$426.0M
$1.2B
Q4 24
$386.0M
$1.2B
Q3 24
$780.0M
$2.5B
Q2 24
$525.0M
$329.0M
Q1 24
$185.0M
$1.0B
Free Cash Flow
ATHS
ATHS
EIX
EIX
Q4 25
$-319.0M
Q3 25
$618.0M
Q2 25
$-830.0M
Q1 25
$-184.0M
Q4 24
$-326.0M
Q3 24
$961.0M
Q2 24
$-1.1B
Q1 24
$-236.0M
FCF Margin
ATHS
ATHS
EIX
EIX
Q4 25
-6.1%
Q3 25
10.7%
Q2 25
-18.3%
Q1 25
-4.8%
Q4 24
-8.2%
Q3 24
18.5%
Q2 24
-25.2%
Q1 24
-5.8%
Capex Intensity
ATHS
ATHS
EIX
EIX
Q4 25
36.3%
Q3 25
26.2%
Q2 25
37.7%
Q1 25
36.9%
Q4 24
37.6%
Q3 24
29.1%
Q2 24
32.8%
Q1 24
31.4%
Cash Conversion
ATHS
ATHS
EIX
EIX
Q4 25
5.82×
0.85×
Q3 25
0.51×
2.55×
Q2 25
2.28×
2.57×
Q1 25
0.92×
0.85×
Q4 24
0.38×
3.44×
Q3 24
1.25×
4.79×
Q2 24
0.83×
0.75×
Q1 24
0.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHS
ATHS

Segment breakdown not available.

EIX
EIX

Commercial$2.2B43%
Residential$1.2B23%
Other$966.0M19%
Other Operating Revenue$802.0M15%

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