Analysis for EIX

📈 Growth & Financial Trajectory

Over the eight quarters, Edison International’s Revenues rose from about $3.984B (2024 Q3) to $4.357B (2026 Q2), a roughly 9.4% gain. Net Income Attributable To Parent advanced from about $516M to $534M, a 3.5% uptick, with a notable delta in 2025 Q4 where Operating Income surged on higher Revenues to drive a temporary margin expansion.

💰 Margins & Cash Flow

Operating margins were generally in the mid-20s to high-30s percent, peaking in 2025 Q4 (53%) before moderating into the 25–30% range in early 2026. Net cash flow from operating activities was consistently positive across quarters, while investing cash outflows ($1.6–$1.8B per quarter) produced negative overall cash flow in several periods. Financing activity provided some support.

🛡️ Balance Sheet & Liquidity

Total assets about $96.2B (Q2 2026); liabilities around $77.1B with equity near $19.1B. Current assets ≈ $7.3B vs current liabilities ≈ $11.1B, implying working capital tension but a regulated utility cushion. Long-term debt near $40.9B; interest obligations exist but regulated returns provide cash flow stability.

⚠️ Key Drivers & Risks

• Drivers: (1) regulated utility earnings with rate-case dynamics, (2) transmission and clean-energy project activity
• Risks: (1) leverage/interest-rate sensitivity, (2) working-capital and liquidity pressures due to debt load and regulatory cycles