Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
EIX (Edison International) delivered a dramatic FY2025 turnaround with net income surging 247% to $4.46B and operating income more than doubling to $7.09B on revenue of $19.32B, though the balance sheet remains heavily leveraged with a debt-to-equity ratio above 4x and a current ratio below 1.
Revenue
$19.32B
+9.76% YoY
EPS (Diluted)
$11.55
+248.94% YoY
Operating Income
$7.09B
+142.08% YoY
Source: SEC XBRL
Edison International (EIX) reported FY2025 revenue of $19.32B, up 9.8% year over year. Operating margin was 36.7%, up 20.1 points from 16.6% a year earlier. Operating cash flow was $5.8B, up 15.7% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 1.54 | 1.17 | Beat +31.1% |
| Mar 2026 | 1.42 | 1.33 | Beat +7.1% |
| Dec 2025 | 1.86 | 1.33 | Beat +40.3% |
| Sep 2025 | 2.34 | 2.20 | Beat +6.5% |
Compiled by AI from this SEC filing
Total revenue rose 9.8% year-over-year to $19.32B (from $17.60B), reflecting continued growth in Edison International's regulated utility rate base and higher authorized rates, consistent with ongoing capital investment in grid infrastructure.
Source: 10-K Income Statement
Operating income surged 142.1% to $7.09B from $2.93B in the prior year, pushing the operating margin from 16.6% to 36.7%, suggesting a significant reduction in large one-time charges or wildfire-related costs that had weighed on prior-year results.
Source: 10-K Income Statement
Net income jumped 247.3% to $4.46B and diluted EPS rose to $11.55 from $3.31, representing a major earnings inflection that likely reflects both improved operating performance and the absence of large prior-year impairment or liability charges.
Source: 10-K Income Statement & EPS Data
Investing cash outflows increased to -$6.34B from -$5.54B, while D&A rose 12.9% to $3.24B, underscoring the capital-intensive nature of utility infrastructure investment and ongoing grid modernization spending.
Source: 10-K Cash Flow Statement
Operating cash flow improved 15.7% to $5.80B, providing a solid foundation to partially fund capital expenditures, though free cash flow remains negative given the scale of infrastructure investment.
Source: 10-K Cash Flow Statement
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
As a California utility, Edison International faces substantial wildfire liability risk. Prior-year results were materially impacted by wildfire-related charges, and future events could again result in multi-billion dollar liabilities, regulatory penalties, or loss of insurance coverage. California's dry conditions and aging grid infrastructure make this an ongoing, high-severity risk.
Source: 10-K Risk Factors (inferred from financial data patterns)
Long-term debt stands at $38.00B against stockholders' equity of $17.58B, yielding a debt-to-equity ratio of 4.25x. This elevated leverage increases interest expense sensitivity to rate changes and limits financial flexibility, particularly if capital markets tighten or credit ratings are pressured.
Source: 10-K Balance Sheet
With operating cash flow of $5.80B and investing outflows of -$6.34B, free cash flow is approximately -$535M. The current ratio of 0.73 indicates current liabilities ($10.54B) exceed current assets ($7.69B), signaling near-term liquidity reliance on external financing.
Source: 10-K Cash Flow Statement & Balance Sheet
As a regulated utility, EIX's revenue and allowed returns are subject to California Public Utilities Commission (CPUC) decisions. Adverse rate case outcomes, disallowances of capital expenditures, or changes in regulatory policy could materially reduce authorized earnings and cash flows.
Source: 10-K (inferred from regulated utility business model)
Long-term debt grew 6.8% to $38.00B, and the company relied on $571M in net financing cash flows. With interest rates remaining elevated, refinancing maturing debt at higher costs could compress earnings and require additional equity issuance, diluting existing shareholders.
Source: 10-K Balance Sheet & Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 19.32 $B | 17.60 $B | +9.76% |
Operating Income $B | 7.09 $B | 2.93 $B | +142.08% |
Net Income $B | 4.46 $B | 1.28 $B | +247.27% |
EPS (Basic) $ | 11.58 $ | 3.33 $ | +247.75% |
EPS (Diluted) $ | 11.55 $ | 3.31 $ | +248.94% |
Answers draw on this SEC filing and the data on this page
In 2026-Q2, Edison International reported net income of $534M and core earnings of $592M, driven by rate base growth at SCE following its 2025 General Rate Case decision, while continuing to resolve claims related to the 2025 Eaton Fire.
EIX reported Q1 FY2026 revenue growth of 7.7% to $4.10B, but net income plunged 63.0% to $531M as operating income was nearly halved, reflecting sharply elevated costs and significant margin compression.
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