FirmAtlas
Company handbook · ES · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
ES · CIK 72741 · LATEST FILING: 10-Q JUN '26 · FILED AUG 3, 2026
EVERSOURCE ENERGY
$66.85
+0.86 (+1.30%)
Close, Oct 16, 2026 · 52-week $63–77
Last fiscal year
EVERSOURCE ENERGY reported revenue of $13.5B for the year ended Dec 31, 2025 (FY25), up 14.3% from FY24. Net income was $1.7B, operating cash flow $4.1B and free cash flow −$45M. Source: 10-K filed Feb 17, 2026.
Market cap
$25.1B
P/E
17.3
EV/EBITDA
9.8x
P/B
1.5
Div yield
4.66%
ROIC
5.5%
Revenue 1Y
14.3%/yr
EPS 1Y
100.9%/yr
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJoseph R. Nolan, Jr.
HQSpringfield, MA
AuditorDeloitte & Touche LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
2.3%
−5.0%
6.0%
−6.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$10.7B deployed
Capex
$8.6B
80.5%
Dividends
$2.1B
19.5%
Operating cash flow over the period: $6.3B. Total debt changed by +$1.6B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,802
13,493+14.3%
14,078
YoY
+14.3%
Operating income
2,409
2,989+24.1%
3,016
Operating margin
20.4%
22.1%+1.7 pp
—
EBITDA
4,185
5,393+28.9%
—
EBITDA margin
35.5%
40.0%+4.5 pp
—
Interest expense
1,111
1,243+11.9%
—
Interest coverage
3.77x
4.34x+0.57x
—
Net income
812
1,692+108.5%
1,449
YoY
+108.5%
Net margin
6.9%
12.5%+5.7 pp
—
EPS (diluted, $)
2.27
4.56+100.9%
3.86
YoY
+100.9%
Balance sheet
Total assets
59,595
63,787+7.0%
63,416
Cash & short-term investments
127
246+93.4%
—
Accounts receivable
1,651
1,847+11.9%
—
Inventory
595
492−17.3%
—
Other assets
57,221
61,202+7.0%
—
Total liabilities
44,555
47,589+6.8%
47,076
Accounts payable
1,737
1,860+7.1%
—
Total debt
26,705
28,265+5.8%
29,112
Other liabilities
16,113
17,464+8.4%
—
Shareholders’ equity
15,039
16,197+7.7%
16,340
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,160
4,114+90.5%
4,430
Net income
819
1,700+107.5%
—
Depreciation & amortization
1,776
2,404+35.4%
—
Stock-based compensation
30
34+12.0%
—
Working capital & other
(466)
(24)n/m
—
Cash from investing
(4,536)
(4,306)n/m
—
Capex
(4,481)
(4,159)n/m
—
PP&E sold
863
—
—
Investments bought
(243)
(416)n/m
—
Investments sold / matured
268
439+63.8%
—
Other investing
(943)
(171)n/m
—
Cash from financing
2,337
312−86.7%
—
Debt raised
4,502
2,942−34.6%
—
Debt repaid
(1,950)
(1,400)n/m
—
Dividends
(1,001)
(1,093)n/m
—
Shares issued
989
465−53.0%
—
Other financing
(203)
(603)n/m
—
Net change in cash
(39)
119n/m
—
Free cash flow (OCF − capex)
(2,321)
(45)n/m
298
Where the cash went
Operating cash flow
2,160
4,114+90.5%
4,430
Reinvested in the business
4,481
4,159−7.2%
—
% of operating cash flow
207.5%
101.1%
Capex
4,481
4,159−7.2%
4,133
Free cash flow
(2,321)
(45)n/m
298
YoY
n/m
Returned to shareholders
1,001
1,093+9.1%
—
% of free cash flow
—
—
Dividends
1,001
1,093+9.1%
—
Change in total debt
—
1,561
—
Cash left over
—
422
—
FCF conversion (FCF ÷ net income)
−285.9%
−2.7%+283.3 pp
—
Owner earnings
—
(32)
—
Owner earnings margin
—
−0.2%
—
Returns & ratios
ROIC (all capital)
4.6%
5.5%+0.9 pp
—
ROIC (operating)
373.8%
477.9%+104.1 pp
—
Net debt / EBITDA
6.35x
5.20x−1.16x
—
Debt / equity
1.78x
1.75x−0.03x
—
ROE
5.4%
10.4%+5.1 pp
—
ROA
1.4%
2.7%+1.3 pp
—
ROCE
4.6%
5.3%+0.8 pp
—
NOPAT
1,903
2,361+24.1%
—
Invested capital (operating)
509
479−5.9%
—
Invested capital (all)
41,617
44,216+6.2%
—
Reinvestment rate
—
−1.3%
—
Net debt is 5.2x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,226
3,333
4,538
2,981
vs year-ago quarter
Operating income
689
710
1,076
541
Net income
368
421
607
54
vs year-ago quarter
Net margin
11.4%
12.6%
13.4%
1.8%
EPS (diluted, $)
0.99
1.12
1.61
0.14
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
61,703
63,787
64,708
63,416
Cash & equivalents
367
246
338
1,894
Total debt
27,994
28,265
29,504
29,112
Shareholders’ equity
16,028
16,197
16,531
16,340
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,100
916
1,324
1,090
Capex
1,126
983
1,009
1,014
Free cash flow
(26)
(67)
315
76
vs year-ago quarter