Friday 6 November 2026
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Evergy Inc.
EVRG Utilities Utilities Regulated Electric
Evergy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, up 1.95% from fiscal 2024.
- Revenue
- +15.8%
- EPS
- +28.6%
- Free cash flow
- −62.2%
- Total debt
- +15.2%
Quarter to September 2026, against a year earlier
87.61
0.20
+0.23%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,562 | 2,571 | 4,276 | 5,148 | 4,913 | 5,587 | 5,859 | 5,508 | 5,847 | 5,962 | 6,381 | +9.8% | 6,309 | 6,680 | 7,112 | +6.1% | |
| Gross margin, % | 71.03 | 69.30 | 68.69 | 70.54 | 72.28 | 66.93 | 63.40 | 67.37 | 68.35 | 68.96 | 0.00 | (2.1) pt | ||||||
| EBT | 539 | 481 | 600 | 773 | 724 | 1,001 | 805 | 752 | 908 | 891 | 1,119 | +5.7% | ||||||
| EBT margin, % | 21.05 | 18.71 | 14.02 | 15.01 | 14.73 | 17.92 | 13.74 | 13.65 | 15.53 | 14.95 | 17.53 | (6.1) pt | ||||||
| Net income | 361 | 337 | 546 | 686 | 630 | 892 | 765 | 744 | 886 | 868 | 1,076 | +10.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 18.03 | 18.04 | 19.99 | 21.49 | 21.63 | 24.40 | 25.49 | 23.95 | 25.39 | 25.86 | 27.62 | +4.1% | |||||
| Earnings | 2.43 | 2.27 | 2.50 | 2.80 | 2.72 | 3.84 | 3.27 | 3.18 | 3.79 | 3.71 | 4.61 | +4.8% | ||||||
| Cash flow | 5.66 | 6.40 | 7.00 | 7.30 | 7.72 | 5.90 | 7.84 | 8.61 | 8.61 | 8.87 | 8.80 | +5.1% | ||||||
| Capex | (7.65) | (5.37) | (5.00) | (5.05) | (6.87) | (8.61) | (9.42) | (10.15) | (10.15) | (12.13) | (15.49) | +5.3% | ||||||
| Free cash flow | (1.99) | 1.04 | 2.00 | 2.25 | 0.85 | (2.71) | (1.59) | (1.54) | (1.53) | (3.26) | (6.69) | +5.6% | ||||||
| Book value | 26.98 | 27.09 | 46.71 | 35.68 | 38.37 | 40.36 | 41.29 | 42.11 | 43.37 | 44.55 | 47.90 | +5.7% | ||||||
| Shares, m | 142 | 143 | 214 | 240 | 227 | 229 | 230 | 230 | 230 | 231 | 231 | +5.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 23.03 | 23.41 | 23.95 | 23.25 | 20.41 | 17.87 | 19.24 | 16.80 | 16.24 | 19.54 | 18.92 | 20.4 | |||||
| P/S | 3.12 | 2.95 | 2.84 | 3.03 | 2.57 | 2.81 | 2.47 | 2.23 | 2.42 | 2.80 | 3.16 | 2.7 | ||||||
| P/B | 2.08 | 1.96 | 1.22 | 1.82 | 1.45 | 1.70 | 1.52 | 1.27 | 1.42 | 1.63 | 1.82 | 1.6 | ||||||
| EV/Sales | 4.68 | 4.42 | 4.54 | 4.78 | 4.50 | 4.54 | 4.23 | 4.38 | 4.55 | 5.05 | 5.51 | 4.6 | ||||||
| EV/FCF | (42.38) | 76.75 | 45.33 | 45.68 | 114.28 | (40.87) | (67.98) | (68.16) | (75.41) | (40.04) | (22.75) | (5.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 804 | 913 | 1,498 | 1,749 | 1,754 | 1,352 | 1,802 | 1,980 | 1,984 | 2,045 | 2,033 | +10.9% | |||||
| Capex | (1,087) | (765) | (1,070) | (1,210) | (1,560) | (1,972) | (2,166) | (2,334) | (2,337) | (2,797) | (3,579) | +11.1% | ||||||
| Free cash flow | (283) | 148 | 428 | 539 | 194 | (621) | (365) | (354) | (353) | (752) | (1,546) | +11.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (279) | (97) | (1,186) | (868) | (731) | (1,393) | (1,652) | (1,723) | (1,823) | (1,880) | (2,350) | +23.6% | |||||
| Net debt | 4,015 | 3,794 | 7,263 | 9,026 | 9,501 | 9,661 | 10,320 | 11,826 | 12,439 | 13,386 | 15,028 | +14.3% | ||||||
| Shareholders’ equity | 3,833 | 3,860 | 9,991 | 8,545 | 8,719 | 9,242 | 9,493 | 9,685 | 9,989 | 10,268 | 11,064 | +11.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 3.12 | 2.80 | 2.88 | 2.60 | 2.33 | 3.16 | 2.60 | 2.42 | 2.76 | 2.58 | 3.05 | (0.5) pt | |||||
| ROIC | 5.59 | 5.54 | 3.38 | 4.22 | 3.92 | 4.48 | 4.00 | 3.73 | 4.09 | 4.05 | 4.18 | (1.5) pt | ||||||
| ROE | 9.24 | 8.42 | 7.74 | 7.23 | 7.16 | 9.80 | 8.04 | 7.63 | 8.88 | 8.45 | 9.94 | (0.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,254 | 2,205 | 4,832 | 4,617 | 5,133 | 4,930 | 4,512 | 4,658 | 4,731 | 4,691 | — | +8.5% | |||||
| Revenue/emp, $m | 1.14 | 1.17 | 0.88 | 1.11 | 0.96 | 1.13 | 1.30 | 1.18 | 1.24 | 1.27 | — | +1.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Evergy Inc. 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 |
|---|---|---|---|---|---|---|---|---|---|
| FE FirstEnergy Corporation | $27.3B | 22.6× | 17.1× | +9.86% (above 0%: growing) | +26.32% (above 0%: growing) | −44.47% (below 0%: shrinking) | 63.57% | 20.52% | Compare |
| ES Eversource Energy | $27.1B | 18.6× | 15.6× | +2.29% (above 0%: growing) | −85.42% (below 0%: shrinking) | +398.93% (above 0%: growing) | 67.64% | 18.63% | Compare |
| PPL PPL Corporation | $27.1B | 21.2× | 18.7× | +4.25% (above 0%: growing) | +24.00% (above 0%: growing) | −112.80% (below 0%: shrinking) | 71.67% | 22.50% | Compare |
| CNP CenterPoint Energy, Inc. | $26.5B | 22.8× | 23.3× | +10.21% (above 0%: growing) | +11.29% (above 0%: growing) | −27.29% (below 0%: shrinking) | 91.42% | 30.44% | Compare |
| EIX Edison International | $23.4B | 6.5× | 9.9× | −15.03% (below 0%: shrinking) | −12.96% (below 0%: shrinking) | +41.59% (above 0%: growing) | 65.47% | 20.06% | Compare |
| CMS CMS Energy Corporation | $22.2B | 33.3× | 19.2× | +8.02% (above 0%: growing) | n/m | +26.30% (above 0%: growing) | 63.03% | 2.15% | Compare |
| EVRG Evergy Inc. | $20.2B | 18.9× | 20.1× | +15.84% (above 0%: growing) | +28.64% (above 0%: growing) | −62.16% (below 0%: shrinking) | 0.00% | 38.56% | |
| LNT Alliant Energy Corporation | $19.1B | 20.3× | 20.8× | +6.20% (above 0%: growing) | +40.37% (above 0%: growing) | −103.43% (below 0%: shrinking) | 81.71% | 30.27% | Compare |
| KEP Korea Electric Power Corporation | $14.3B | 2.6× | 4.1× | −0.14% (below 0%: shrinking) | −77.78% (below 0%: shrinking) | −689.05% (below 0%: shrinking) | 8.72% | 5.15% | Compare |
| Median of peers | $25.0B | 20.7× | 17.9× | +5.23% | +11.29% | −35.88% | 66.56% | 20.29% |
Largest institutional holders 13F, quarter to 30 June 2026
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 28.51m | — | −801.23k |
| BlackRock | 28.00m | — | +2.51m |
| State Street | 16.87m | — | +410.57k |
| Fidelity (FMR) | 8.56m | — | −1.40m |
| Invesco | 7.37m | — | −50.56k |
| Geode Capital Management | 6.65m | — | +117.15k |
| Franklin Templeton | 6.54m | — | +255.24k |
| Morgan Stanley | 3.97m | — | −802.47k |
| FEDERATED HERMES, INC. | 3.71m | — | +1.84k |
| COHEN & STEERS, INC. | 3.00m | — | +830.99k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Evergy Inc. (EVRG) Latest News
5 Nov
29 Oct
26 Oct
6 Aug
EVRG 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
Evergy is a public utility holding company headquartered in Kansas City, Missouri. It provides electricity to homes, businesses, industrial customers, municipalities and other electric utilities in Kansas and Missouri. David A. Campbell is its chairman, president and chief executive officer. Evergy, Inc. was incorporated in 2017.
Its operating utilities generate electricity, move it over transmission lines, distribute it through local networks and sell it to customers. Evergy Kansas Central serves Kansas; Evergy Metro serves parts of Missouri and Kansas; and Evergy Missouri West serves Missouri. Evergy also has interests in transmission ventures that develop projects or provide transmission service.