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Side-by-side financial comparison of Edison International (EIX) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Edison International is the larger business by last-quarter revenue ($5.2B vs $3.7B, roughly 1.4× SHOPIFY INC.). Edison International runs the higher net margin — 35.4% vs 20.2%, a 15.2% gap on every dollar of revenue. On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 30.6%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $-319.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 13.1%).
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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
EIX vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $3.7B |
| Net Profit | $1.8B | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 52.8% | 17.2% |
| Net Margin | 35.4% | 20.2% |
| Revenue YoY | 30.8% | 30.6% |
| Net Profit YoY | 443.5% | -42.5% |
| EPS (diluted) | $4.78 | $0.58 |
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 | $5.2B | $3.7B | ||
| Q3 25 | $5.8B | $2.8B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $5.2B | $2.2B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.1B | $1.9B |
| Q4 25 | $1.8B | $743.0M | ||
| Q3 25 | $832.0M | $264.0M | ||
| Q2 25 | $343.0M | $906.0M | ||
| Q1 25 | $1.4B | $-682.0M | ||
| Q4 24 | $340.0M | $1.3B | ||
| Q3 24 | $516.0M | $828.0M | ||
| Q2 24 | $439.0M | $171.0M | ||
| Q1 24 | $-11.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 52.8% | 17.2% | ||
| Q3 25 | 24.9% | 12.1% | ||
| Q2 25 | 17.1% | 10.9% | ||
| Q1 25 | 56.0% | 8.6% | ||
| Q4 24 | 19.8% | 16.5% | ||
| Q3 24 | 19.1% | 13.1% | ||
| Q2 24 | 20.8% | 11.8% | ||
| Q1 24 | 6.0% | 4.6% |
| Q4 25 | 35.4% | 20.2% | ||
| Q3 25 | 14.5% | 9.3% | ||
| Q2 25 | 7.6% | 33.8% | ||
| Q1 25 | 37.7% | -28.9% | ||
| Q4 24 | 8.5% | 46.0% | ||
| Q3 24 | 9.9% | 38.3% | ||
| Q2 24 | 10.1% | 8.4% | ||
| Q1 24 | -0.3% | -14.7% |
| Q4 25 | $4.78 | $0.58 | ||
| Q3 25 | $2.16 | $0.20 | ||
| Q2 25 | $0.89 | $0.69 | ||
| Q1 25 | $3.72 | $-0.53 | ||
| Q4 24 | $0.89 | $0.99 | ||
| Q3 24 | $1.32 | $0.64 | ||
| Q2 24 | $1.13 | $0.13 | ||
| Q1 24 | $-0.03 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.0M | $5.8B |
| Total DebtLower is stronger | $38.0B | — |
| Stockholders' EquityBook value | $17.6B | $13.5B |
| Total Assets | $94.0B | $15.2B |
| Debt / EquityLower = less leverage | 2.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $158.0M | $5.8B | ||
| Q3 25 | $364.0M | $6.3B | ||
| Q2 25 | $140.0M | $5.8B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $193.0M | $5.5B | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $465.0M | — | ||
| Q1 24 | $992.0M | — |
| Q4 25 | $38.0B | — | ||
| Q3 25 | $36.4B | — | ||
| Q2 25 | $37.7B | — | ||
| Q1 25 | $38.4B | — | ||
| Q4 24 | $35.6B | — | ||
| Q3 24 | $34.9B | — | ||
| Q2 24 | $34.8B | — | ||
| Q1 24 | $34.7B | — |
| Q4 25 | $17.6B | $13.5B | ||
| Q3 25 | $17.2B | $12.5B | ||
| Q2 25 | $16.7B | $12.1B | ||
| Q1 25 | $16.6B | $11.1B | ||
| Q4 24 | $15.6B | $11.6B | ||
| Q3 24 | $15.7B | $10.1B | ||
| Q2 24 | $15.4B | $9.2B | ||
| Q1 24 | $15.2B | $8.9B |
| Q4 25 | $94.0B | $15.2B | ||
| Q3 25 | $90.5B | $15.0B | ||
| Q2 25 | $88.8B | $14.6B | ||
| Q1 25 | $88.4B | $13.4B | ||
| Q4 24 | $85.6B | $13.9B | ||
| Q3 24 | $84.7B | — | ||
| Q2 24 | $84.8B | — | ||
| Q1 24 | $83.6B | — |
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.12× | — | ||
| Q2 25 | 2.26× | — | ||
| Q1 25 | 2.31× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 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 | $1.6B | $725.0M |
| Free Cash FlowOCF − Capex | $-319.0M | $715.0M |
| FCF MarginFCF / Revenue | -6.1% | 19.5% |
| Capex IntensityCapex / Revenue | 36.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.85× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $-715.0M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $725.0M | ||
| Q3 25 | $2.1B | $513.0M | ||
| Q2 25 | $882.0M | $428.0M | ||
| Q1 25 | $1.2B | $367.0M | ||
| Q4 24 | $1.2B | $615.0M | ||
| Q3 24 | $2.5B | $423.0M | ||
| Q2 24 | $329.0M | $340.0M | ||
| Q1 24 | $1.0B | $238.0M |
| Q4 25 | $-319.0M | $715.0M | ||
| Q3 25 | $618.0M | $507.0M | ||
| Q2 25 | $-830.0M | $422.0M | ||
| Q1 25 | $-184.0M | $363.0M | ||
| Q4 24 | $-326.0M | $611.0M | ||
| Q3 24 | $961.0M | $421.0M | ||
| Q2 24 | $-1.1B | $333.0M | ||
| Q1 24 | $-236.0M | $232.0M |
| Q4 25 | -6.1% | 19.5% | ||
| Q3 25 | 10.7% | 17.8% | ||
| Q2 25 | -18.3% | 15.7% | ||
| Q1 25 | -4.8% | 15.4% | ||
| Q4 24 | -8.2% | 21.7% | ||
| Q3 24 | 18.5% | 19.5% | ||
| Q2 24 | -25.2% | 16.3% | ||
| Q1 24 | -5.8% | 12.5% |
| Q4 25 | 36.3% | 0.3% | ||
| Q3 25 | 26.2% | 0.2% | ||
| Q2 25 | 37.7% | 0.2% | ||
| Q1 25 | 36.9% | 0.2% | ||
| Q4 24 | 37.6% | 0.1% | ||
| Q3 24 | 29.1% | 0.1% | ||
| Q2 24 | 32.8% | 0.3% | ||
| Q1 24 | 31.4% | 0.3% |
| Q4 25 | 0.85× | 0.98× | ||
| Q3 25 | 2.55× | 1.94× | ||
| Q2 25 | 2.57× | 0.47× | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 3.44× | 0.48× | ||
| Q3 24 | 4.79× | 0.51× | ||
| Q2 24 | 0.75× | 1.99× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
