Edison International — Earnings Quality Grade F
EIX · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 28 days, change -17 days YoY
AR growth -32.5% vs revenue growth 9.8%
Revenue 9.8%, CFFO 15.7%. Cash follows revenue
Expense Quality
Inventory -0.6% vs COGS -3.4%. Normal
CapEx growth 14.2% vs revenue 9.8%. Normal
SG&A/Gross Profit = 1.6%, excellent (<30%)
Gross margin swung +7.1pp (41.0% → 48.1%)
Cash Flow Quality
CFFO/NI = 1.23. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -1.2%. Low accruals
Cash $0.2B covers only 0% of debt $41.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 3.9x. Healthy
Other assets -8.7% vs revenue 9.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
No goodwill
Manipulation Score
M-Score = -2.70 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10