Evergy, Inc.

EVRG · NASDAQ · 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	$16,688	$14,155	$11,991	$14,445	$15,732	$12,729	$14,925	$13,018	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$710	$1,215	$1,750	$1,136	$2,182	$2,860	$2,165	$2,288	$1,903	$2,071	$1,648	$979	$732	$856	$791	$782	$938	$680
Enterprise value	$32,153	$28,237	$25,133	$26,465	$26,869	$22,890	$24,825	$21,346	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$3,665	$4,647	$5,461	$5,238	$5,913	$5,395	$4,824	$3,897	$3,703	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	19.50×	16.20×	16.40×	19.19×	17.88×	20.59×	22.28×	24.30×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	12.82×	91.64×	45.66×	5.79×	12.81×	12.59×	10.15×	11.68×	12.89×	13.54×	9.19×	11.76×	9.91×	8.82×	10.26×	7.73×
P/S (TTM) at period end	2.80×	2.42×	2.18×	2.47×	2.82×	2.59×	2.90×	3.04×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.50×	0.93×	0.74×	0.56×	1.07×	1.33×	1.06×	1.31×	1.08×	1.08×	1.06×	0.84×	0.64×	0.76×	0.68×	0.67×	0.78×	0.50×
P/B at period end	1.63×	1.42×	1.24×	1.52×	1.70×	1.46×	1.74×	1.30×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.72×	0.66×	0.91×	0.60×	1.00×	1.24×	1.13×	1.25×	1.15×	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	11.93×	10.94×	10.65×	12.05×	11.93×	11.31×	12.12×	13.75×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	55.51×	9.90×	8.61×	7.94×	11.57×	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	5.39×	4.83×	4.56×	4.52×	4.81×	4.66×	4.82×	4.99×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.58×	3.55×	2.31×	2.58×	2.91×	2.51×	2.36×	2.23×	2.10×	–	–	–	–	–	–	–	–	–
Returns
Return on equity	8.4%	8.8%	7.6%	7.9%	9.5%	7.1%	7.8%	5.3%	8.3%	9.1%	8.0%	9.5%	9.6%	9.5%	8.3%	8.5%	7.7%	8.1%	9.1%	10.6%	9.4%	12.7%	8.2%	(80.9%)	(1.1%)	7.1%	0.7%	2.2%	21.3%	8.8%	9.9%	11.4%	–	–	–	–	–	–	–	–	–
Return on invested capital	5.8%	5.9%	5.5%	5.5%	5.9%	5.2%	5.6%	4.6%	5.9%	5.9%	5.7%	6.2%	6.2%	6.2%	5.9%	6.2%	4.9%	5.8%	6.1%	7.0%	8.0%	7.0%	9.8%	(3.0%)	0.5%	2.7%	–	3.0%	11.8%	5.6%	7.1%	7.3%	–	–	–	–	–	–	–	–	–
Dividend yield	3.7%	4.2%	4.8%	3.7%	3.2%	3.7%	3.1%	3.6%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.4%	7.0%	5.6%	12.8%	6.6%	5.0%	6.8%	6.0%	7.1%	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.49×	0.50×	0.51×	0.53×	0.55×	0.69×	0.63×	0.59×	0.88×	0.73×	0.86×	0.79×	0.74×	0.76×	0.77×	0.77×	0.92×	0.85×	0.90×	0.81×	0.86×	1.02×	1.07×	1.82×	0.56×	0.63×	0.45×	0.65×	0.76×	0.37×	0.78×	0.60×	–	–	–	–	–	–	–	–	–
Debt / equity	1.31×	1.25×	1.23×	1.09×	1.05×	1.10×	1.05×	0.73×	0.94×	1.06×	0.98×	1.10×	1.17×	1.18×	1.09×	1.26×	1.21×	1.14×	1.12×	1.10×	1.16×	1.21×	2.16×	3.07×	1.82×	1.72×	1.96×	1.62×	1.06×	1.39×	0.88×	1.01×	–	–	–	–	–	–	–	–	–
Effective tax rate	3.4%	3.3%	2.1%	5.9%	11.7%	14.1%	12.6%	9.8%	31.4%	34.2%	33.5%	31.9%	29.1%	30.9%	30.4%	29.0%	29.4%	2.2%	27.5%	25.4%	31.0%	25.0%	33.4%	48.7%	56.3%	33.6%	102.1%	24.0%	43.4%	34.5%	32.8%	33.8%	–	–	–	–	–	–	–	–	–
Share count
Diluted shares outstanding	234	231	230	230	230	228	240	214	143	142	139	133	128	127	118	112	110	104	91	88	87	84	73	72	71	69	67	67	67	70	67	66	59	52	35	35	35	35	35	34	34

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	$6,094	$5,962	$5,847	$5,508	$5,859	$5,587	$4,913	$5,148	$4,276	$2,571	$2,562	$2,459	$2,602	$2,371	$2,261	$2,169	$2,057	$1,858	$1,839	$1,727	$1,606	$1,583	$1,464	$1,461	$1,423	$1,309	$2,368	$2,030	$2,034	$2,152	$2,047	$1,744	$1,765	$1,909	$1,556	$1,162	$1,150	$1,128	$1,166	$1,166	$1,199	$1,354
Cost of revenue	($3,637)	($4,009)	($3,927)	($3,819)	($4,157)	($3,847)	($3,405)	($3,596)	($2,925)	($1,713)	($1,427)	($1,431)	($1,578)	($1,445)	($1,472)	($1,472)	($855)	($786)	($898)	($737)	($664)	($679)	($589)	($390)	($380)	($394)	($1,036)	($659)	($823)	($968)	($883)	($659)	($562)	–	–	–	–	–	–	–	–	–
Gross profit	$2,431	$1,911	$1,897	$1,666	$1,702	$1,739	$1,508	$1,551	$1,351	$858	$1,135	$1,028	$1,024	$926	$790	$697	$1,202	$1,072	$941	$990	$942	$905	$875	$1,071	$1,044	$914	$1,333	$1,371	$1,211	$1,184	$1,164	$1,085	$1,202	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	–	–	–	–	–	–	–	–	($239)	($251)	($250)	($250)	($224)	($226)	($203)	($223)	($200)	($184)	($179)	($166)	($165)	($173)	($161)	($218)	($174)	($343)	($341)	($263)	($316)	($199)	($182)	–	–	–	–	–	–	–	–	–	–
Total operating expenses	($834)	($378)	($429)	($384)	($435)	($384)	($364)	($366)	($417)	($180)	($433)	($407)	($391)	($346)	($228)	($203)	($729)	($717)	($656)	($652)	($635)	($551)	($586)	($601)	($1,268)	($858)	($1,107)	($1,097)	($980)	($177)	($771)	($721)	($837)	–	–	–	–	–	–	–	–	–
Total costs and expenses	($4,497)	($4,429)	($4,379)	($4,226)	($4,592)	($4,232)	($3,770)	($3,962)	($3,342)	($1,892)	($1,860)	($1,838)	($1,969)	($1,791)	($1,699)	($1,676)	($1,584)	($1,503)	($1,554)	($1,389)	($1,299)	($1,229)	($1,175)	($991)	($1,648)	($1,253)	($2,143)	($1,756)	($1,804)	($1,144)	($1,654)	($1,380)	($1,400)	–	–	–	–	–	–	–	–	–
Operating income	$1,596	$1,533	$1,468	$1,282	$1,267	$1,355	$1,144	$1,186	$934	$679	$702	$621	$633	$579	$562	$494	$473	$355	$285	$337	$307	$354	$290	$470	($225)	$56	$226	$274	$230	$1,007	$393	$364	$365	$1,909	$1,556	$1,162	$1,150	$1,128	$1,166	$1,166	$1,199	$1,354
Earnings
EBITDA	$2,792	$2,696	$2,582	$2,359	$2,197	$2,251	$2,024	$2,048	$1,552	$1,050	$1,041	$959	$945	$874	$857	$800	$745	$606	$516	$555	$511	$504	$474	$632	$66	$470	$634	$659	$511	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($650)	($616)	($563)	($526)	($404)	($373)	($384)	($374)	($280)	($171)	($162)	($177)	($183)	($182)	($176)	($172)	($175)	($157)	($106)	–	($99)	($109)	–	($224)	–	–	($290)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$961	$891	$908	$752	$805	$1,001	$724	$773	$600	$481	$539	$454	$474	$425	$409	$340	$294	$200	$182	$232	$222	$195	$134	$245	($324)	($144)	$137	($33)	$61	$873	$258	$270	$283	–	–	–	–	–	–	–	–	–
Income tax expense	($30)	($30)	($30)	($16)	($48)	($117)	($102)	($97)	($59)	($151)	($184)	($152)	($151)	($124)	($126)	($103)	($85)	($59)	($4)	($64)	($56)	($61)	($33)	($82)	$158	$81	($46)	$33	($15)	($379)	($89)	($88)	($96)	$177	$128	$72	$80	$73	$80	$89	$91	$88
Net income	$926	$856	$874	$731	$753	$880	$618	$670	$536	$324	$347	$292	$313	$293	$275	$230	$204	$175	$178	$168	$165	$135	$179	$85	($793)	($21)	$136	$12	$48	$494	$169	$182	$187	$177	$128	$72	$80	$73	$80	$89	$91	$88
Per share
Diluted EPS (GAAP)	$3.95	$3.66	$3.79	$3.17	$3.27	$3.83	$2.72	$2.79	$2.50	$2.27	$2.43	$2.09	$2.35	$2.27	$2.15	$1.93	$1.80	$1.58	$1.69	$1.83	$1.87	$1.54	$2.13	$1.16	($11.06)	($0.30)	$1.96	$0.20	$0.67	$7.51	$2.41	$2.71	$2.82	$2.76	$2.20	$1.91	$2.25	$2.05	$2.25	$2.46	$2.43	$2.31
Basic EPS (GAAP)	$4.02	$3.71	$3.79	$3.18	$3.27	$3.84	$2.72	$2.80	$2.50	$2.27	$2.43	$2.11	$2.40	$2.29	$2.15	$1.95	$1.81	$1.58	$1.69	$1.85	$1.88	$1.55	$2.14	$1.16	($11.06)	($0.30)	$1.96	$0.20	$0.67	$7.51	$2.41	$2.71	$2.82	$2.76	$2.20	$1.91	$2.25	$2.05	$2.25	$2.46	$2.43	$2.31
Basic shares outstanding	231	230	230	230	230	229	227	240	214	142	142	138	130	127	127	117	112	110	104	91	88	87	83	72	72	71	69	67	66	67	70	67	66	59	52	35	35	35	35	35	34	34
Margins
Gross margin	39.9%	32.1%	32.4%	30.2%	29.1%	31.1%	30.7%	30.1%	31.6%	33.4%	44.3%	41.8%	39.3%	39.0%	34.9%	32.1%	58.4%	57.7%	51.2%	57.3%	58.6%	57.1%	59.8%	73.3%	73.3%	69.9%	56.3%	67.5%	59.5%	55.0%	56.9%	62.2%	68.1%	–	–	–	–	–	–	–	–	–
Operating margin	26.2%	25.7%	25.1%	23.3%	21.6%	24.3%	23.3%	23.0%	21.8%	26.4%	27.4%	25.3%	24.3%	24.4%	24.9%	22.8%	23.0%	19.1%	15.5%	19.5%	19.1%	22.4%	19.8%	32.2%	(15.8%)	4.3%	9.5%	13.5%	11.3%	46.8%	19.2%	20.9%	20.7%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Net margin	15.2%	14.4%	14.9%	13.3%	12.8%	15.7%	12.6%	13.0%	12.5%	12.6%	13.5%	11.9%	12.0%	12.3%	12.2%	10.6%	9.9%	9.4%	9.7%	9.7%	10.3%	8.5%	12.2%	5.8%	(55.7%)	(1.6%)	5.8%	0.6%	2.3%	23.0%	8.3%	10.4%	10.6%	9.3%	8.2%	6.2%	6.9%	6.5%	6.8%	7.6%	7.6%	6.5%

Analyst consensus

Hold18 analysts

Bearish · 2 · Hold · 9 · Bullish · 7

Earnings history

	EPS	Estimate
Q3 2024	$2.02	$1.93	Beat
Q4 2024	$0.35	$0.36	Miss
Q1 2025	$0.54	$0.66	Miss
Q2 2025	$0.82	$0.78	Beat
Q3 2025	$2.03	$2.08	Miss
Q4 2025	$0.42	$0.55	Miss
Q1 2026	$0.69	$0.61	Beat
Q2 2026	$0.88	$0.81	Beat

Peers

Company overview

IPO dateJun 4, 2018

CEODavid A. Campbell

Employees4,691

SectorUtilities

IndustryRegulated Electric

CountryUS

ExchangeNASDAQ Global Select

Websiteinvestors.evergy.com

Evergy, Inc., along with its subsidiaries, operates as an integrated electric utility, focusing on the production, conveyance, distribution, and direct sale of power throughout Kansas and Missouri in the United States. The company's electricity generation relies on a diverse energy mix, utilizing sources such as coal, hydroelectric, landfill gas, uranium, natural gas, and oil, alongside a growing portfolio of renewables like solar and wind energy. Supporting its operations, Evergy maintains a robust infrastructure, which includes roughly 10,100 circuit miles of high-voltage transmission lines, about 39,800 circuit miles of overhead distribution lines, and an additional 13,000 circuit miles of underground distribution networks. It provides service to a substantial customer base of approximately 1,620,400, encompassing residential consumers, commercial enterprises, industrial facilities, municipal entities, and fellow electric utilities. Evergy, Inc. was founded in 2017 and has its main corporate headquarters situated in Kansas City, Missouri.

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