Eversource Energy

ES · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$25,261	$21,042	$21,560	$29,202	$31,279	$29,743	$29,248	$22,361	$21,722	$18,988	$17,558	$16,920	$13,366	$10,833	$6,399	$5,631	$4,451	$3,742	$4,846	$4,330	$2,592	$2,417	$2,564	$1,959	$2,391	$3,433	$2,702	$2,096	$1,526	$1,680	$3,057	$2,698	$2,937	$3,360	$2,163	$2,175	$2,007	$2,163	$2,205	$2,261	$1,883
Enterprise value	$55,563	$50,286	$48,416	$52,250	$51,587	$47,878	$44,958	$37,040	$35,253	$29,865	$27,885	$26,683	$22,789	$19,861	$11,700	$10,679	$9,459	$8,435	$8,980	$6,813	$5,628	$5,431	$5,172	$4,305	$5,145	$7,172	$5,882	$5,978	$5,661	$5,764	$7,382	$7,210	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	14.93×	25.93×	–	20.79×	25.63×	24.68×	32.17×	21.65×	21.99×	20.15×	19.99×	20.65×	17.01×	20.60×	16.21×	14.52×	13.49×	14.35×	19.66×	9.09×	–	19.79×	21.02×	12.43×	9.54×	–	47.40×	–	–	47.19×	9.50×	8.18×	11.76×	11.08×	9.14×	8.50×	9.60×	7.94×	8.71×	7.51×	5.66×
P/S (TTM) at period end	1.86×	1.77×	1.81×	2.38×	3.17×	3.34×	3.43×	2.65×	2.80×	2.49×	2.21×	2.19×	1.83×	1.73×	1.43×	1.15×	0.82×	0.65×	0.83×	0.63×	0.35×	0.36×	0.42×	0.38×	0.35×	0.58×	0.60×	0.56×	0.40×	0.44×	0.82×	0.74×	0.81×	1.04×	0.79×	0.83×	0.91×	1.04×	1.17×	1.11×	0.90×
P/B at period end	1.56×	1.40×	1.52×	1.89×	2.14×	2.11×	2.32×	1.95×	1.96×	1.77×	1.70×	1.70×	1.39×	1.17×	1.59×	1.48×	1.24×	1.24×	1.60×	1.49×	1.02×	1.00×	1.08×	0.84×	1.07×	1.45×	1.15×	0.89×	0.61×	0.62×	1.06×	0.92×	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	12.19×	13.09×	13.07×	15.40×	16.66×	16.12×	18.16×	14.70×	13.24×	11.68×	11.48×	11.87×	10.65×	12.13×	10.67×	9.70×	7.32×	8.02×	10.62×	9.90×	11.19×	5.77×	5.26×	8.87×	4.76×	5.92×	4.00×	6.47×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	4.10×	4.23×	4.06×	4.25×	5.23×	5.38×	5.27×	4.38×	4.55×	3.91×	3.51×	3.45×	3.12×	3.17×	2.62×	2.18×	1.74×	1.45×	1.54×	0.99×	0.76×	0.81×	0.85×	0.83×	0.75×	1.22×	1.32×	1.59×	1.48×	1.52×	1.97×	1.98×	–	–	–	–	–	–	–	–	–
Returns
Return on equity	10.4%	5.4%	(3.1%)	9.1%	8.4%	8.6%	7.2%	9.0%	8.9%	8.8%	8.5%	8.2%	8.2%	5.7%	9.8%	10.2%	9.2%	8.6%	8.1%	16.3%	(9.7%)	5.1%	5.1%	6.8%	11.2%	(0.6%)	2.4%	(5.1%)	(4.2%)	1.3%	11.1%	11.3%	–	–	–	–	–	–	–	–	–
Return on invested capital	6.0%	3.6%	5.9%	4.3%	4.5%	4.8%	4.3%	5.1%	4.9%	5.4%	5.3%	5.3%	5.2%	4.0%	5.9%	5.8%	5.7%	5.4%	4.9%	4.1%	(1.6%)	5.3%	5.9%	3.9%	(1.3%)	6.5%	3.5%	4.9%	2.9%	1.7%	6.5%	6.1%	–	–	–	–	–	–	–	–	–
Dividend yield	4.3%	4.8%	4.3%	2.9%	2.6%	2.5%	2.3%	2.9%	2.8%	3.0%	3.0%	2.8%	3.5%	3.5%	3.0%	3.2%	3.6%	3.4%	2.5%	2.6%	3.4%	3.3%	3.1%	3.7%	2.9%	2.1%	1.3%	1.3%	4.1%	12.5%	8.5%	9.7%	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.65×	0.76×	0.67×	0.62×	0.56×	0.64×	0.67×	0.56×	0.69×	0.68×	0.88×	0.86×	0.64×	0.61×	0.70×	1.12×	1.29×	0.88×	1.07×	1.27×	1.20×	1.10×	1.19×	1.14×	1.11×	0.45×	0.68×	0.83×	0.80×	0.89×	0.88×	0.75×	–	–	–	–	–	–	–	–	–
Debt / equity	1.75×	1.78×	1.72×	1.36×	1.25×	1.15×	1.12×	1.14×	1.11×	0.90×	0.87×	0.88×	0.86×	0.86×	1.23×	1.23×	1.43×	1.58×	1.53×	1.02×	1.21×	1.27×	1.11×	1.03×	1.18×	1.60×	1.40×	1.63×	1.65×	1.48×	1.42×	1.50×	–	–	–	–	–	–	–	–	–
Effective tax rate	7.6%	34.1%	(58.1%)	24.3%	21.9%	22.2%	23.0%	21.7%	36.8%	36.9%	37.9%	36.2%	35.0%	34.0%	29.9%	34.8%	34.9%	28.4%	30.8%	(162.0%)	42.1%	29.8%	32.1%	34.3%	38.9%	42.4%	63.3%	(5.2%)	2.0%	66.3%	44.8%	45.9%	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	371	358	350	347	345	340	323	318	318	318	318	317	316	278	178	177	173	156	155	154	132	128	127	129	136	142	132	131	129	128	126	125	124	127	92	109	89	109	109	93	106

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$13,998	$13,547	$11,901	$11,911	$12,289	$9,863	$8,904	$8,526	$8,448	$7,752	$7,639	$7,955	$7,742	$7,301	$6,274	$4,466	$4,898	$5,439	$5,800	$5,822	$6,884	$7,397	$6,687	$6,069	$5,216	$6,874	$5,877	$4,471	$3,768	$3,835	$3,792	$3,751	$3,643	$3,629	$3,217	$2,754	$2,616	$2,206	$2,079	$1,878	$2,032	$2,081
Cost of revenue	($9,065)	($9,466)	($8,197)	($7,064)	($6,879)	($5,112)	($4,468)	($4,403)	($4,474)	($3,812)	($3,824)	($4,416)	($4,449)	($3,998)	($3,667)	($1,581)	($1,986)	($3,631)	($2,996)	($3,351)	($4,631)	($4,933)	($4,231)	($3,730)	($3,026)	($4,541)	($3,321)	($1,898)	($1,296)	($1,294)	($1,140)	($909)	($832)	–	–	–	–	–	–	–	–	–
Gross profit	$4,933	$4,081	$3,704	$4,847	$5,410	$4,751	$4,436	$4,123	$3,974	$3,940	$3,815	$3,539	$3,293	$3,303	$2,606	$2,885	$2,913	$1,809	$2,804	$2,472	$2,254	$2,464	$2,456	$2,339	$2,190	$2,332	$2,555	$2,573	$2,471	$2,541	$2,652	$2,841	$2,810	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	–	–	$133	$220	$84	($44)	($31)	($61)	($30)	($19)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	($1,917)	($1,093)	($1,295)	($2,447)	($3,212)	($2,758)	($2,448)	($2,533)	($2,274)	($2,051)	($1,973)	($1,774)	($1,660)	($1,774)	($1,488)	($2,091)	($2,113)	($1,057)	($2,213)	($1,932)	($2,030)	($2,618)	($2,043)	($1,905)	($1,911)	($2,435)	($1,861)	($2,048)	($2,164)	($2,348)	($2,312)	($1,988)	($1,968)	–	–	–	–	–	–	–	–	–
Total costs and expenses	($10,982)	($10,559)	($9,492)	($9,511)	($10,091)	($7,870)	($6,916)	($6,936)	($6,748)	($5,864)	($5,798)	($6,191)	($6,109)	($5,772)	($5,156)	($3,671)	($4,098)	($4,688)	($5,209)	($5,283)	($6,660)	($7,551)	($6,274)	($5,636)	($4,937)	($6,977)	($5,182)	($3,946)	($3,461)	($3,641)	($3,452)	($2,897)	($2,801)	–	–	–	–	–	–	–	–	–
Operating income	$3,016	$2,989	$2,409	$2,399	$2,198	$1,993	$1,989	$1,590	$1,700	$1,888	$1,841	$1,764	$1,633	$1,529	$1,118	$794	$800	$751	$591	$539	$224	($154)	$413	$433	$280	($103)	$695	$526	$307	$194	$340	$854	$842	$3,629	$3,217	$2,754	$2,616	$2,206	$2,079	$1,878	$2,032	$2,081
Earnings
EBITDA	$4,664	$4,557	$3,842	$3,705	$3,392	$3,096	$2,970	$2,476	$2,520	$2,662	$2,557	$2,430	$2,248	$2,140	$1,637	$1,096	$1,101	$1,292	$1,052	$845	$688	$503	$941	$983	$485	$1,081	$1,211	$1,469	$924	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	$122	$126	$138	$94	$50	$26	$5	$13	$18	$8	$11	$7	$6	$3	$327	($0)	$14	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,370)	($1,243)	($1,111)	($855)	($678)	($582)	($538)	($533)	($499)	($422)	($401)	($372)	($362)	($339)	($330)	($250)	($237)	($274)	($269)	($240)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,605	$1,840	$1,244	($275)	$1,866	$1,572	$1,559	$1,190	$1,329	$1,574	$1,505	$1,426	$1,295	$1,221	$808	$571	$605	$516	$372	$355	$50	($386)	$174	$187	$240	$447	$381	$156	($114)	($108)	$106	$583	$610	–	–	–	–	–	–	–	–	–
Income tax expense	($148)	($140)	($425)	($160)	($454)	($344)	($346)	($273)	($289)	($579)	($555)	($540)	($468)	($427)	($275)	($171)	($210)	($180)	($106)	($109)	$81	$163	($52)	($60)	($82)	($174)	($162)	($98)	($6)	$2	($70)	($261)	($280)	$250	$303	$237	$256	$209	$272	$253	$301	$333
Net income	$1,451	$1,692	$812	($442)	$1,405	$1,228	$1,213	$917	$1,041	$996	$950	$886	$827	$794	$533	$401	$394	$336	$261	$246	$476	($248)	$122	$122	$158	$251	($14)	$57	($120)	($105)	$36	$322	$330	$250	$303	$237	$256	$209	$272	$253	$301	$333
Per share
Diluted EPS (GAAP)	$3.86	$4.56	$2.27	($1.26)	$4.05	$3.54	$3.55	$2.81	$3.25	$3.11	$2.96	$2.76	$2.58	$2.49	$1.89	$2.22	$2.19	$1.91	$1.67	$1.59	$3.09	($1.88)	$0.95	$0.96	$1.22	$1.84	($0.10)	$0.43	($0.92)	($0.82)	$0.28	$2.55	$2.64	$2.02	$2.39	$2.59	$2.35	$2.36	$2.50	$2.32	$3.23	$3.14
Basic EPS (GAAP)	$3.86	$4.56	$2.27	($1.27)	$4.05	$3.55	$3.56	$2.83	$3.25	$3.11	$2.97	$2.77	$2.59	$2.49	$1.90	$2.22	$2.20	$1.91	$1.68	$1.59	$3.10	($1.88)	$0.95	$0.96	$1.22	$1.85	($0.10)	$0.43	($0.92)	($0.82)	$0.28	$2.55	$2.64	$2.02	$2.39	$2.59	$2.35	$2.36	$2.50	$2.32	$3.23	$3.14
Basic shares outstanding	375	371	357	350	347	344	339	321	317	317	318	317	316	315	277	177	177	173	156	155	154	132	128	127	129	136	142	131	131	129	128	126	125	124	127	92	109	89	109	109	93	106
Margins
Gross margin	35.2%	30.1%	31.1%	40.7%	44.0%	48.2%	49.8%	48.4%	47.0%	50.8%	49.9%	44.5%	42.5%	45.2%	41.5%	64.6%	59.5%	33.3%	48.3%	42.5%	32.7%	33.3%	36.7%	38.5%	42.0%	33.9%	43.5%	57.5%	65.6%	66.3%	69.9%	75.8%	77.1%	–	–	–	–	–	–	–	–	–
Operating margin	21.5%	22.1%	20.2%	20.1%	17.9%	20.2%	22.3%	18.7%	20.1%	24.4%	24.1%	22.2%	21.1%	20.9%	17.8%	17.8%	16.3%	13.8%	10.2%	9.3%	3.3%	(2.1%)	6.2%	7.1%	5.4%	(1.5%)	11.8%	11.8%	8.2%	5.1%	9.0%	22.8%	23.1%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	10.4%	12.5%	6.8%	(3.7%)	11.4%	12.5%	13.6%	10.7%	12.3%	12.8%	12.4%	11.1%	10.7%	10.9%	8.5%	9.0%	8.0%	6.2%	4.5%	4.2%	6.9%	(3.4%)	1.8%	2.0%	3.0%	3.6%	(0.2%)	1.3%	(3.2%)	(2.7%)	0.9%	8.6%	9.1%	6.9%	9.4%	8.6%	9.8%	9.5%	13.1%	13.5%	14.8%	16.0%

Analyst consensus

Hold29 analysts

Bearish · 4 · Hold · 16 · Bullish · 9

Earnings history

	EPS	Estimate
Q3 2024	$0.33	$1.08	Miss
Q4 2024	$1.01	$1.00	Beat
Q1 2025	$1.50	$1.51	Miss
Q2 2025	$0.96	$0.95	Beat
Q3 2025	$1.19	$1.15	Beat
Q4 2025	$1.12	$1.10	Beat
Q1 2026	$1.73	$1.63	Beat
Q2 2026	$0.87	$0.87	Match

Peers

Company overview

IPO dateFeb 21, 1973

CEOJoseph R. Nolan Jr.

Employees10,731

SectorUtilities

IndustryRegulated Electric

CountryUS

ExchangeNew York Stock Exchange

Websitewww.eversource.com

Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distribution of electricity, natural gas distribution, and water utility services. The company is actively engaged in moving electricity, including energy generated from solar facilities, and supplying natural gas to its consumers. Additionally, Eversource manages regulated water systems, serving approximately 226,000 customers. It caters to a wide array of clients, spanning residential homes, businesses, industrial operations, municipal entities (including fire protection), and others across the states of Connecticut, Massachusetts, and New Hampshire. The organization, headquartered in Springfield, Massachusetts, adopted the name Eversource Energy in April 2015, having previously been known as Northeast Utilities.

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