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Side-by-side financial comparison of BlackRock (BLK) and Edison International (EIX). Click either name above to swap in a different company.
BlackRock is the larger business by last-quarter revenue ($7.0B vs $5.2B, roughly 1.3× Edison International). Edison International runs the higher net margin — 35.4% vs 16.1%, a 19.4% gap on every dollar of revenue. BlackRock produced more free cash flow last quarter ($2.1B vs $-319.0M). Over the past eight quarters, BlackRock's revenue compounded faster (24.5% CAGR vs 13.1%).
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.
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.
BLK vs EIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $5.2B |
| Net Profit | $1.1B | $1.8B |
| Gross Margin | — | — |
| Operating Margin | 23.7% | 52.8% |
| Net Margin | 16.1% | 35.4% |
| Revenue YoY | — | 30.8% |
| Net Profit YoY | — | 443.5% |
| EPS (diluted) | $7.05 | $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.
| Q4 25 | $7.0B | $5.2B | ||
| Q3 25 | $6.5B | $5.8B | ||
| Q2 25 | $5.4B | $4.5B | ||
| Q1 25 | $5.3B | $3.8B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $5.2B | $5.2B | ||
| Q2 24 | $4.8B | $4.3B | ||
| Q1 24 | $4.7B | $4.1B |
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.3B | $832.0M | ||
| Q2 25 | $1.6B | $343.0M | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | — | $340.0M | ||
| Q3 24 | $1.6B | $516.0M | ||
| Q2 24 | $1.5B | $439.0M | ||
| Q1 24 | $1.6B | $-11.0M |
| Q4 25 | 23.7% | 52.8% | ||
| Q3 25 | 30.0% | 24.9% | ||
| Q2 25 | 31.9% | 17.1% | ||
| Q1 25 | 32.2% | 56.0% | ||
| Q4 24 | — | 19.8% | ||
| Q3 24 | 38.6% | 19.1% | ||
| Q2 24 | 37.5% | 20.8% | ||
| Q1 24 | 35.8% | 6.0% |
| Q4 25 | 16.1% | 35.4% | ||
| Q3 25 | 20.3% | 14.5% | ||
| Q2 25 | 29.4% | 7.6% | ||
| Q1 25 | 28.6% | 37.7% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 31.4% | 9.9% | ||
| Q2 24 | 31.1% | 10.1% | ||
| Q1 24 | 33.3% | -0.3% |
| Q4 25 | $7.05 | $4.78 | ||
| Q3 25 | $8.43 | $2.16 | ||
| Q2 25 | $10.19 | $0.89 | ||
| Q1 25 | $9.64 | $3.72 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | $10.90 | $1.32 | ||
| Q2 24 | $9.99 | $1.13 | ||
| Q1 24 | $10.48 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.5B | $158.0M |
| Total DebtLower is stronger | $12.8B | $38.0B |
| Stockholders' EquityBook value | $55.9B | $17.6B |
| Total Assets | $170.0B | $94.0B |
| Debt / EquityLower = less leverage | 0.23× | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.5B | $158.0M | ||
| Q3 25 | $10.0B | $364.0M | ||
| Q2 25 | $9.5B | $140.0M | ||
| Q1 25 | $7.7B | $1.3B | ||
| Q4 24 | — | $193.0M | ||
| Q3 24 | $14.0B | $200.0M | ||
| Q2 24 | — | $465.0M | ||
| Q1 24 | — | $992.0M |
| Q4 25 | $12.8B | $38.0B | ||
| Q3 25 | $12.8B | $36.4B | ||
| Q2 25 | $12.8B | $37.7B | ||
| Q1 25 | $12.3B | $38.4B | ||
| Q4 24 | — | $35.6B | ||
| Q3 24 | $12.4B | $34.9B | ||
| Q2 24 | — | $34.8B | ||
| Q1 24 | — | $34.7B |
| Q4 25 | $55.9B | $17.6B | ||
| Q3 25 | $55.5B | $17.2B | ||
| Q2 25 | $49.1B | $16.7B | ||
| Q1 25 | $48.0B | $16.6B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | $41.2B | $15.7B | ||
| Q2 24 | $40.3B | $15.4B | ||
| Q1 24 | $39.9B | $15.2B |
| Q4 25 | $170.0B | $94.0B | ||
| Q3 25 | $162.7B | $90.5B | ||
| Q2 25 | $146.5B | $88.8B | ||
| Q1 25 | $141.9B | $88.4B | ||
| Q4 24 | — | $85.6B | ||
| Q3 24 | $132.8B | $84.7B | ||
| Q2 24 | — | $84.8B | ||
| Q1 24 | — | $83.6B |
| Q4 25 | 0.23× | 2.16× | ||
| Q3 25 | 0.23× | 2.12× | ||
| Q2 25 | 0.26× | 2.26× | ||
| Q1 25 | 0.26× | 2.31× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 0.30× | 2.23× | ||
| Q2 24 | — | 2.26× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3B | $1.6B |
| Free Cash FlowOCF − Capex | $2.1B | $-319.0M |
| FCF MarginFCF / Revenue | 30.6% | -6.1% |
| Capex IntensityCapex / Revenue | 1.9% | 36.3% |
| Cash ConversionOCF / Net Profit | 2.02× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $882.0M | ||
| Q1 25 | $-1.1B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $329.0M | ||
| Q1 24 | $-408.0M | $1.0B |
| Q4 25 | $2.1B | $-319.0M | ||
| Q3 25 | $1.3B | $618.0M | ||
| Q2 25 | $1.3B | $-830.0M | ||
| Q1 25 | $-1.2B | $-184.0M | ||
| Q4 24 | — | $-326.0M | ||
| Q3 24 | — | $961.0M | ||
| Q2 24 | — | $-1.1B | ||
| Q1 24 | $-472.0M | $-236.0M |
| Q4 25 | 30.6% | -6.1% | ||
| Q3 25 | 20.5% | 10.7% | ||
| Q2 25 | 23.5% | -18.3% | ||
| Q1 25 | -22.9% | -4.8% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | -25.2% | ||
| Q1 24 | -10.0% | -5.8% |
| Q4 25 | 1.9% | 36.3% | ||
| Q3 25 | 1.2% | 26.2% | ||
| Q2 25 | 1.6% | 37.7% | ||
| Q1 25 | 1.5% | 36.9% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | 1.4% | 31.4% |
| Q4 25 | 2.02× | 0.85× | ||
| Q3 25 | 1.07× | 2.55× | ||
| Q2 25 | 0.86× | 2.57× | ||
| Q1 25 | -0.75× | 0.85× | ||
| Q4 24 | — | 3.44× | ||
| Q3 24 | — | 4.79× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | -0.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLK
| Investment Advice | $5.3B | 75% |
| Investment Performance | $754.0M | 11% |
| Technology Services And Subscription Revenue | $531.0M | 8% |
| Distribution And Shareholder Service | $359.0M | 5% |
| Service Other | $86.0M | 1% |
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
