Evergy, Inc.

EVRG

UtilitiesLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities. The company was incorporated in 2017 and is headquartered in Kansas City, Missouri.

Valuation

Market Cap$18.9B

Current Price$84.52as of Jun 23, 2026

P/E Ratio22.06

P/B Ratio1.85

EV / EBITDA12.50

EV / Sales5.71

Profitability

Operating Margin25.7%

Net Profit Margin14.4%

EBITDA Margin45.7%

Returns

ROE8.4%

ROCE5.1%

ROIC %-

ROA2.5%

Solvency

Current Ratio0.49

Debt / Equity1.49

Debt / Assets0.45

CFO / Net Profit2.39

Price History▲ 23.44% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$6.0B▲ 2.0%

EBITDA$2.7B▲ 3.2%

Net Profit$856M▼ 2.0%

Cash from Ops (CFO)$2.0B▲ 3.1%

Free Cash Flow (FCF)$-752M▲ 113.0%

Revenue CAGR 3Y0.6%

Revenue CAGR 5Y-

Net Profit CAGR 3Y4.4%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$6.0B	$2.7B	$856M	$-752M	8.4%	2.0%	-2.0%
2024	$5.8B	$2.6B	$874M	$-353M	8.8%	6.2%	19.4%
2023	$5.5B	$2.4B	$731M	$-354M	7.6%	-6.0%	-2.8%
2022	$5.9B	$2.2B	$753M	$-365M	7.9%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	5,859.10	5,508.20	5,847.30	5,961.60
Operating Revenue	-	5,589.20	5,345.10	5,704.40	5,705.10
Cost Of Revenue	-	3,229.50	2,742.70	2,812.70	2,845.70
Gross Profit	-	2,629.60	2,765.50	3,034.60	3,115.90
Operating Expense	-	1,327.50	1,483.10	1,566.60	1,583
Total Expenses	-	4,557	4,225.80	4,379.30	4,428.70
Operating Income	-	1,302.10	1,282.40	1,468	1,532.90
Total Operating Income As Reported	-	1,267.20	1,282.40	1,468	1,532.90
EBITDA	-	2,194.10	2,416.50	2,641.60	2,725.40
Normalized EBITDA	-	2,219.60	2,386.80	2,637	2,760.40
EBIT	-	1,209.20	1,277.60	1,471.10	1,507.30
Interest Expense	-	404	525.80	563.10	616.30
Net Interest Income	-	-404	-525.80	-563.10	-616.30
Other Non Operating Income Expenses	-	-67.40	-34.50	-1.50	9.40
Other Income Expense	-	-92.90	-4.80	3.10	-25.60
Interest Expense Non Operating	-	404	525.80	563.10	616.30
Net Non Operating Interest Income Expense	-	-404	-525.80	-563.10	-616.30
Pretax Income	-	805.20	751.80	908	891
Tax Provision	-	47.50	15.60	30	29.90
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-1.48	0.59	0.15	-1.16
Net Income Continuous Operations	-	765	743.60	885.80	867.90
Net Income From Continuing And Discontinued Operation	-	752.70	731.30	873.50	855.60
Net Income From Continuing Operation Net Minority Interest	-	752.70	731.30	873.50	855.60
Net Income	-	752.70	731.30	873.50	855.60
Net Income Common Stockholders	-	752.70	731.30	873.50	855.60
Net Income Including Noncontrolling Interests	-	765	743.60	885.80	867.90
Normalized Income	-	776.72	702.19	869.05	889.44
Diluted NI Availto Com Stockholders	-	752.70	731.30	873.50	855.60
Basic Average Shares	-	229.90	230	230.30	230.50
Diluted Average Shares	-	230.30	230.50	230.60	233.60
Reconciled Depreciation	-	984.90	1,138.90	1,170.50	1,218.10
Reconciled Cost Of Revenue	-	3,174	2,680.30	2,756.20	2,790.50
Total Unusual Items	-	-25.50	29.70	4.60	-35
Total Unusual Items Excluding Goodwill	-	-25.50	29.70	4.60	-35
Minority Interests	-	-12.30	-12.30	-12.30	-12.30
Earnings From Equity Interest Net Of Tax	-	7.30	7.40	7.80	6.80
Special Income Charges	0	-34.90	0	0	-
Impairment Of Capital Assets	0	34.90	0	0	-
Gain On Sale Of Security	-	9.40	29.70	4.60	-35
Depreciation Amortization Depletion Income Statement	-	929.40	1,076.50	1,114	1,162.90
Depreciation And Amortization In Income Statement	-	929.40	1,076.50	1,114	1,162.90
Other Operating Expenses	87.40	97.30	75.10	-	-
Other Taxes	-	398.10	406.60	452.60	420.10

Peer Comparison

Utilities sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Evergy, Inc.this co.	EVRG	$18.9B	22.06	1.85	8.4%	12.50
PPL Corporation	PPL	$26.5B	22.40	1.78	7.9%	12.10
FirstEnergy Corp.	FE	$26.4B	25.88	2.11	8.2%	12.43
Eversource Energy	ES	$26.3B	15.53	1.62	10.4%	10.25
American Water Works Company, Inc.	AWK	$23.9B	21.49	2.20

Learn while you research

Hand-picked academy chapters to deepen your understanding of Evergy, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Sectors & Industries

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$6.0B

$2.7B

$856M

$-752M

8.4%

2.0%

-2.0%

2024

$5.8B

$2.6B

$874M

$-353M

8.8%

6.2%

19.4%

2023

$5.5B

$2.4B

$731M

$-354M

7.6%

-6.0%

-2.8%

2022

$5.9B

$2.2B

$753M

$-365M

7.9%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

5,859.10

5,508.20

5,847.30

5,961.60

Operating Revenue

5,589.20

5,345.10

5,704.40

5,705.10

Cost Of Revenue

3,229.50

2,742.70

2,812.70

2,845.70

Gross Profit

2,629.60

2,765.50

3,034.60

3,115.90

Operating Expense

1,327.50

1,483.10

1,566.60

1,583

Total Expenses

4,557

4,225.80

4,379.30

4,428.70

Operating Income

1,302.10

1,282.40

1,468

1,532.90

Total Operating Income As Reported

1,267.20

1,282.40

1,468

1,532.90

EBITDA

2,194.10

2,416.50

2,641.60

2,725.40

Normalized EBITDA

2,219.60

2,386.80

2,637

2,760.40

EBIT

1,209.20

1,277.60

1,471.10

1,507.30

Interest Expense

404

525.80

563.10

616.30

Net Interest Income

-404

-525.80

-563.10

-616.30

Other Non Operating Income Expenses

-67.40

-34.50

-1.50

9.40

Other Income Expense

-92.90

-4.80

3.10

-25.60

Interest Expense Non Operating

404

525.80

563.10

616.30

Net Non Operating Interest Income Expense

-404

-525.80

-563.10

-616.30

Pretax Income

805.20

751.80

908

891

Tax Provision

47.50

15.60

29.90

Tax Rate For Calcs

Tax Effect Of Unusual Items

-1.48

0.59

0.15

-1.16

Net Income Continuous Operations

765

743.60

885.80

867.90

Net Income From Continuing And Discontinued Operation

752.70

731.30

873.50

855.60

Net Income From Continuing Operation Net Minority Interest

752.70

731.30

873.50

855.60

Net Income

752.70

731.30

873.50

855.60

Net Income Common Stockholders

752.70

731.30

873.50

855.60

Net Income Including Noncontrolling Interests

765

743.60

885.80

867.90

Normalized Income

776.72

702.19

869.05

889.44

Diluted NI Availto Com Stockholders

752.70

731.30

873.50

855.60

Basic Average Shares

229.90

230

230.30

230.50

Diluted Average Shares

230.30

230.50

230.60

233.60

Reconciled Depreciation

984.90

1,138.90

1,170.50

1,218.10

Reconciled Cost Of Revenue

3,174

2,680.30

2,756.20

2,790.50

Total Unusual Items

-25.50

29.70

4.60

-35

Total Unusual Items Excluding Goodwill

-25.50

29.70

4.60

-35

Minority Interests

-12.30

Earnings From Equity Interest Net Of Tax

7.30

7.40

7.80

6.80

Special Income Charges

-34.90

Impairment Of Capital Assets

34.90

Gain On Sale Of Security

9.40

29.70

4.60

-35

Depreciation Amortization Depletion Income Statement

929.40

1,076.50

1,114

1,162.90

Depreciation And Amortization In Income Statement

929.40

1,076.50

1,114

1,162.90

Other Operating Expenses

87.40

97.30

75.10

Other Taxes

398.10

406.60

452.60

420.10

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Evergy, Inc.this co.

EVRG

$18.9B

22.06

1.85

8.4%

12.50

PPL Corporation

PPL

$26.5B

22.40

1.78

7.9%

12.10

FirstEnergy Corp.

$26.4B

25.88

2.11

8.2%

12.43

Eversource Energy

$26.3B

15.53

1.62

10.4%

10.25

American Water Works Company, Inc.

AWK

$23.9B

21.49

2.20

Evergy, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Evergy, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on