Saturday 17 October 2026
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Eversource Energy
ES Utilities Utilities Regulated Electric
Eversource Energy’s revenue for fiscal 2025 (year ended December 2025) was $13.5 billion, up 13.8% from fiscal 2024. In the quarter to June 2026, revenue grew 2.29%, EPS fell 85.4%, free cash flow grew 398.9% and total debt rose 3.37%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
66.77
0.78
+1.18%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 50.01 | 54.08 | 52.76 | 63.10 | 60.69 | 76.64 | 70.54 | 52.03 | 52.09 | 52.28 |
Analyst estimates 2026–2028 Powerpack |
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| High | 60.44 | 66.15 | 70.53 | 86.55 | 99.42 | 92.66 | 94.63 | 86.84 | 69.01 | 75.25 | |||||
| People | |||||||||||||||
| People | Employees | 7,762 | 8,084 | 7,998 | 8,234 | 9,299 | 9,227 | 9,626 | 10,171 | 10,680 | 10,731 | ||||
| Revenue/emp, $m | 0.98 | 0.96 | 1.06 | 1.04 | 0.96 | 1.07 | 1.28 | 1.17 | 1.11 | 1.26 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 7,639 | 7,752 | 8,448 | 8,526 | 8,904 | 9,863 | 12,289 | 11,911 | 11,901 | 13,547 | ||||
| Gross margin, % | 67.26 | 67.30 | 62.84 | 64.34 | 66.45 | 65.81 | 59.20 | 56.61 | 68.61 | 68.93 | |||||
| EBT | 1,505 | 1,574 | 1,329 | 1,190 | 1,559 | 1,572 | 1,866 | (275) | 1,244 | 1,840 | |||||
| EBT margin, % | 19.70 | 20.31 | 15.74 | 13.96 | 17.51 | 15.94 | 15.18 | (2.31) | 10.45 | 13.58 | |||||
| Net income | 950 | 996 | 1,041 | 917 | 1,213 | 1,228 | 1,412 | (435) | 819 | 1,700 | |||||
| Depreciation | 787 | 864 | 1,072 | 1,081 | 1,159 | 1,335 | 1,643 | 816 | 1,776 | 2,404 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 24.05 | 24.42 | 26.62 | 26.53 | 26.28 | 28.67 | 35.44 | 34.07 | 33.29 | 36.53 | ||||
| Earnings | 2.97 | 3.11 | 3.25 | 2.83 | 3.56 | 3.55 | 4.05 | (1.27) | 2.27 | 4.56 | |||||
| Cash flow | 6.95 | 6.29 | 5.77 | 6.25 | 4.97 | 5.71 | 6.92 | 4.71 | 6.04 | 11.09 | |||||
| Capex | (6.22) | (7.40) | (8.10) | (9.06) | (8.69) | (9.23) | (9.93) | (12.41) | (12.53) | (11.21) | |||||
| Free cash flow | 0.73 | (1.11) | (2.33) | (2.81) | (3.72) | (3.52) | (3.00) | (7.70) | (6.49) | (0.12) | |||||
| Book value | 33.72 | 34.93 | 36.19 | 39.29 | 41.51 | 42.44 | 44.62 | 40.55 | 42.07 | 43.68 | |||||
| Shares, m | 318 | 317 | 317 | 321 | 339 | 344 | 347 | 350 | 357 | 371 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 18.61 | 20.31 | 20.01 | 30.17 | 24.30 | 25.63 | 20.80 | 0.00 | 24.86 | 14.73 | ||||
| P/S | 2.29 | 2.59 | 2.44 | 3.21 | 3.29 | 3.17 | 2.38 | 1.87 | 1.73 | 1.84 | |||||
| P/B | 1.63 | 1.81 | 1.80 | 2.16 | 2.08 | 2.14 | 1.89 | 1.57 | 1.37 | 1.54 | |||||
| EV/Sales | 3.54 | 4.17 | 3.98 | 4.86 | 5.10 | 5.01 | 4.06 | 3.92 | 3.97 | 3.92 | |||||
| EV/FCF | 116.99 | (91.88) | (45.47) | (45.93) | (36.01) | (40.78) | (47.93) | (17.33) | (20.34) | (1,177.45) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 2,208 | 1,996 | 1,831 | 2,010 | 1,683 | 1,963 | 2,401 | 1,646 | 2,160 | 4,114 | ||||
| Capex | (1,977) | (2,348) | (2,570) | (2,911) | (2,943) | (3,175) | (3,442) | (4,337) | (4,481) | (4,159) | |||||
| Free cash flow | 231 | (352) | (739) | (902) | (1,260) | (1,212) | (1,041) | (2,691) | (2,321) | (45) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (1,161) | (1,102) | (1,821) | (1,191) | (1,785) | (2,577) | (2,576) | (2,093) | (1,645) | (2,731) | ||||
| Total debt | 9,603 | 12,326 | 13,086 | 14,098 | 16,179 | 18,217 | 21,044 | 24,413 | 26,705 | 28,265 | |||||
| Net debt | 9,573 | 12,287 | 12,978 | 14,083 | 16,072 | 18,150 | 20,670 | 24,360 | 26,678 | 28,130 | |||||
| Shareholders’ equity | 10,712 | 11,086 | 11,487 | 12,630 | 14,064 | 14,600 | 15,473 | 14,174 | 15,039 | 16,197 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.01 | 2.89 | 2.77 | 2.29 | 2.76 | 2.58 | 2.76 | (0.81) | 1.41 | 2.74 | ||||
| ROIC | 5.67 | 5.05 | 4.34 | 3.72 | 4.12 | 3.80 | 3.80 | 3.89 | 3.61 | 4.21 | |||||
| ROE | 8.95 | 9.07 | 9.15 | 7.54 | 9.03 | 8.52 | 9.34 | (2.98) | 5.56 | 10.84 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Eversource Energy vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AEE Ameren Corporation | $28.7B | 18.5× | 20.3× | −5.81% (below 0%: shrinking) | +11.76% (above 0%: growing) | −51.22% (below 0%: shrinking) | 73.90% | 21.94% | Compare |
| PCG Pacific Gas & Electric Co. | $28.5B | 9.5× | 11.2× | +0.07% (above 0%: growing) | +37.50% (above 0%: growing) | −2.64% (below 0%: shrinking) | 84.50% | 21.40% | Compare |
| FTS Fortis | $27.9B | 22.6× | 21.5× | +4.02% (above 0%: growing) | +1.82% (above 0%: growing) | +29.48% (above 0%: growing) | 45.92% | 27.43% | Compare |
| DTE DTE Energy Company | $26.7B | 20.5× | 19.4× | −1.46% (below 0%: shrinking) | +22.73% (above 0%: growing) | −179.77% (below 0%: shrinking) | 51.91% | 13.59% | Compare |
| FE FirstEnergy Corporation | $26.4B | 24.6× | 16.8× | +8.82% (above 0%: growing) | +8.70% (above 0%: growing) | −143.84% (below 0%: shrinking) | 64.30% | 18.41% | Compare |
| CNP CenterPoint Energy, Inc. | $26.2B | 23.9× | 22.8× | +10.70% (above 0%: growing) | +23.33% (above 0%: growing) | −4.04% (below 0%: shrinking) | 86.94% | 24.81% | Compare |
| PPL PPL Corporation | $26.0B | 20.7× | 18.6× | +4.25% (above 0%: growing) | +24.00% (above 0%: growing) | −112.80% (below 0%: shrinking) | 71.67% | 22.50% | Compare |
| ES Eversource Energy | $24.9B | 17.3× | 15.4× | +2.29% (above 0%: growing) | −85.42% (below 0%: shrinking) | +398.93% (above 0%: growing) | 67.64% | 18.63% | |
| EIX Edison International | $21.4B | 5.7× | 12.2× | −4.09% (below 0%: shrinking) | +56.18% (above 0%: growing) | +30.60% (above 0%: growing) | 73.90% | 25.06% | Compare |
| Median of peers | $26.5B | 20.6× | 19.0× | +2.05% | +23.03% | −27.63% | 72.79% | 22.22% |
ES metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Eversource Energy (ES) key facts
- Strength: Eversource Energy’s revenue for fiscal 2025 (year ended December 2025) was $13.5 billion, up 13.8% from fiscal 2024.
- Strength: Net income was $1.7 billion, or $4.56 per share (basic), a net margin of 12.5%.
- Eversource Energy (ES) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ES traded at $66.77, a market capitalization of $24.9 billion.
- At that price the stock trades at 17.3× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 8% of its own readings over the past ten years.
- Eversource Energy pays an annual dividend of $3.12 per share, a yield of 4.67%, with a payout ratio of 80.7%.
- Return on equity was 10.8% and debt-to-equity 1.78.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 0.73 (distress zone) for fiscal 2025.