Aureus
FRed Flag

Edison International(EIX)

F

Financial data as of Dec 31, 2025Improving · Utilities

FCF Margin-3.7%Free Cash Flow / Revenue
Cash Conversion123.4%Operating CF / Net Income
Free Cash Flow-$715.0M
Revenue$19.3B
Net Cash-$41.4BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.73Tight short-term liquidity
YoY FCF Growth+30.6%1 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Current ratio below 1.0 (0.73)
→
-1Negative FCF in 3 of last 4 quarters
→
+1Strong YoY FCF growth (30.6% YoY)
→
-1Only 1 positive quarters recently
→
-0.5Highly volatile FCF (consistency: 2.03)
→
FinalF

Analysis Summary

Strengths

  • Excellent cash conversion (123%)
  • Strong YoY FCF growth (+30.6%)

Concerns

  • Negative FCF margin (-3.7%)
  • Net debt position ($41.4B)
  • Current ratio below 1.0 — tight short-term liquidity
  • Only 1 positive FCF quarters recently
  • Highly volatile quarterly FCF
Heavy CapEx — Operating cash flow is strong (30% margin) but most is reinvested

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-3.7%
Net Margin24.3%
Operating CF Margin30.0%
CapEx Ratio33.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$41.4BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio0.73Tight liquidity
Debt / Equity2.43High leverage

Quarterly FCF Trend

+30.6% YoYImproving (+30.6%)

Free cash flow per quarter

Sector Comparison — Utilities

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameEdison International
SectorUtilities
Free Cash Flow-$715.0M
Revenue$19.3B
Net Income$4.7B
Operating Cash Flow$5.8B
Capital Expenditure$6.5B
FCF Margin-3.7%
Cash Conversion Rate123.4%
Net Margin24.3%
Total Debt$41.5B
Total Cash$158.0M
Net Cash-$41.4B
Current Ratio0.73
Debt / Equity2.43
Debt / FCFN/A
YoY FCF Growth+30.6%
Positive Quarters1 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

Related Research

All research →
Sector Report4 min read

Utilities: Still Bleeding Cash, Now Worse

Twenty companies, nineteen F-grades, and a sector median FCF margin of negative 9.9%. The trend data makes it even uglier.

Sep 4, 2026
NEEXELSRED+6
Sector Report4 min read

Utilities: Still Twenty F-Grades, Getting Worse

Only one C-grade in the entire sector. Median FCF margin negative. Average debt load 583x free cash flow.

Aug 3, 2026
NEEXELSRED+16
Sector Report4 min read

Utilities: Still Twenty F-Grades, Getting Worse

When we last checked utilities a month ago, all twenty companies earned F-grades. Nothing has improved. Fourteen are now declining.

Jul 3, 2026
NEEXELSRED+16