Overview
EVERSOURCE ENERGY
Latest 10-K: FY2025 · Open the 10-K on SEC EDGAR ↗
- Revenue
- $13.55B
- 13.8%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $2.99B
- 24.1%YoYup from FY2024
- OperatingIncome
- Net income
- $1.69B
- 108.5%YoYup from FY2024
- NetIncome
- Diluted EPS
- $4.56
- 100.9%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 371.3M
- 3.8%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- EVERSOURCE ENERGY reported revenue of $13.55B for fiscal 2025, up 13.8% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 22.1% and net margin was 12.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $4.56, up 100.9% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $13.55B13.8%up Benchmark median 6.4% | $11.90B0.1%down Benchmark median 4.5% | $11.91B3.1%down Benchmark median 4.8% | $12.29B24.6%up Benchmark median 10.3% | $9.86B10.8%up Benchmark median 13.8% | 8.3% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $2.99B24.1%up Benchmark median 7.3% | $2.41B0.4%up Benchmark median 7.4% | $2.40B9.2%up Benchmark median 4.9% | $2.20B10.3%up Benchmark median 7.5% | $1.99B0.2%up Benchmark median 23.5% | 10.7% Benchmark median 7.2% |
| Net Income | $1.69B§108.5%up Benchmark median 4.8% | $0.81B§n/m Benchmark median 5.7% | negative: -$0.43B130.8%down Benchmark median 1.9% | $1.41B15.0%up Benchmark median 1.3% | $1.23B1.3%up Benchmark median 33.9% | 8.3% Benchmark median 4.1% |
| EPS (Diluted) | $4.56100.9%up Benchmark median 6.2% | $2.27n/m Benchmark median 7.9% | negative: -$1.26131.1%down Benchmark median 1.9% | $4.0514.4%up Benchmark median 1.5% | $3.540.3%down Benchmark median 34.8% | 6.5% Benchmark median 5.6% |
§ Net income available to common stockholders; the company files no net-income line.
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $63.79B7.0%up Benchmark median 5.6% | $59.59B7.2%up Benchmark median 3.4% | $55.61B4.5%up Benchmark median 4.1% | $53.23B9.8%up Benchmark median 2.2% | $48.49B5.2%up Benchmark median 6.7% | 7.1% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $16.20B7.7%up Benchmark median 6.8% | $15.04B6.1%up Benchmark median 5.4% | $14.17B8.4%down Benchmark median 7.3% | $15.47B6.0%up Benchmark median 2.5% | $14.60B3.8%up Benchmark median 9.0% | 2.6% Benchmark median 6.1% |
| Cash & Equivalents | $135.40M407.1%up Benchmark median 5.2% | $26.70M50.5%down Benchmark median 1.9% | $53.90M85.6%down Benchmark median 6.7% | $374.60M460.8%up Benchmark median -8.6% | $66.80M Benchmark median -2.9% | 19.3% Benchmark median 2.0% |
| Total Debt | $28.27B5.8%up Benchmark median 2.1% | $26.70B9.4%up Benchmark median 0.2% | $24.41B16.0%up Benchmark median 0.3% | $21.04B15.5%up Benchmark median 0.1% | $18.22B12.6%up Benchmark median -0.1% | 11.6% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.11B90.5%up Benchmark median 6.3% | $2.16B31.2%up Benchmark median 4.8% | $1.65B31.4%down Benchmark median 9.9% | $2.40B22.4%up Benchmark median -0.7% | $1.96B16.6%up Benchmark median 10.7% | 20.3% Benchmark median 7.0% |
| Capital Expenditures | $4.16B7.2%down Benchmark median 5.4% | $4.48B3.3%up Benchmark median 2.8% | $4.34B26.0%up Benchmark median 11.3% | $3.44B8.4%up Benchmark median 14.0% | $3.18B7.9%up Benchmark median 8.1% | 7.0% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | negative: -$0.05Bn/m Benchmark median 7.3% | negative: -$2.32Bn/m Benchmark median 6.1% | negative: -$2.69Bn/m Benchmark median 8.8% | negative: -$1.04Bn/m Benchmark median -11.3% | negative: -$1.21Bn/m Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
6.8%
Wall Street
on net earnings
FY2024 4.0%
negative: −0.2%
Value investor
on free cash flow
FY2024 negative: −11.3%
Gap −7.0 pts: Value-investor figure 7.0 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 14.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
10.2%
Wall Street
on EBITDA
FY2024 8.9%
5.6%
Value investor
on EBIT
FY2024 5.1%
Gap −4.6 pts: Value-investor figure 4.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 9.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
64.8%
Wall Street
on book equity
FY2024 73.2%
47.9%
Value investor
on tangible book
FY2024 55.8%
Gap −16.9 pts: Value-investor figure 16.9 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 1.5×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.8%
Wall Street
ROE: net income ÷ equity
FY2024 5.6%
4.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 3.5%
Gap −6.7 pts: Value-investor figure 6.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
39.8%
Wall Street
EBITDA margin
FY2024 35.2%
negative: −0.3%
Value investor
Free-cash-flow margin
FY2024 negative: −19.5%
Gap −40.1 pts: Value-investor figure 40.1 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.65×
Wall Street
Current ratio
FY2024 0.76×
0.59×
Value investor
Quick ratio, inventory excluded
FY2024 0.67×
Gap −0.06×: Value-investor figure 0.06 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.19×
Wall Street
EBITDA ÷ total debt
FY2024 0.16×
0.00×
Value investor
FCF ÷ total debt
FY2024 negative: −0.09×
Gap −0.19×: Value-investor figure 0.19 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 5.22×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
4.3×
Wall Street
EBITDA ÷ interest
FY2024 3.8×
2.4×
Value investor
EBIT ÷ interest
FY2024 2.2×
Gap −1.9×: Value-investor figure 1.9 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ES yet.
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Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/ES
Valuein. (2026, October 30). EVERSOURCE ENERGY (ES) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ES
@misc{valuein_es_2026,
author = {{Valuein}},
title = {EVERSOURCE ENERGY (ES) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ES}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 24, 2012 · accession 0000072741-12-000020
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