Eversource Energy

UtilitiesLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.

Valuation

Market Cap$26.3B

Current Price$70.99as of Jun 23, 2026

P/E Ratio15.53

P/B Ratio1.62

EV / EBITDA10.25

EV / Sales4.15

Profitability

Operating Margin22.1%

Net Profit Margin12.5%

EBITDA Margin40.5%

Returns

ROE10.4%

ROCE5.3%

ROIC %-

ROA2.7%

Solvency

Current Ratio0.65

Debt / Equity1.86

Debt / Assets0.47

CFO / Net Profit2.43

Price History▲ 12.02% 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$13.5B▲ 13.8%

EBITDA$5.5B▲ 32.8%

Net Profit$1.7B▲ 108.5%

Cash from Ops (CFO)$4.1B▲ 90.5%

Free Cash Flow (FCF)$-45M▼ 98.1%

Revenue CAGR 3Y3.3%

Revenue CAGR 5Y-

Net Profit CAGR 3Y6.4%

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	$13.5B	$5.5B	$1.7B	$-45M	10.4%	13.8%	108.5%
2024	$11.9B	$4.1B	$812M	$-2.3B	5.4%	-0.1%	-283.5%
2023	$11.9B	$1.4B	$-442M	$-2.7B	-3.1%	-3.1%	-131.5%
2022	$12.3B	$4.2B	$1.4B	$-1.0B	9.1%	-	-
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	-	12,289.34	11,910.70	11,900.81	13,547.24
Operating Revenue	-	12,289.34	11,910.70	11,900.81	13,547.24
Cost Of Revenue	-	1,865.33	1,895.70	2,012.93	2,073.78
Gross Profit	-	10,424.01	10,015	9,887.88	11,473.47
Operating Expense	-	8,225.85	7,615.67	7,182.17	8,484.88
Selling General And Administration	-84.40	-219.80	-132.90	-	-
Total Expenses	-	10,091.18	9,511.37	9,195.10	10,558.66
Operating Income	-	2,198.15	2,399.34	2,705.71	2,988.59
Total Operating Income As Reported	-	2,198.15	2,399.34	2,408.71	2,988.59
EBITDA	-	4,187.38	1,396.13	4,131.54	5,487.93
Normalized EBITDA	-	4,138.18	3,489.93	4,794.16	5,678.33
EBIT	-	2,544.24	580.40	2,355.17	3,083.44
Interest Income	-	50.50	94.20	138.20	125.50
Interest Expense	-	678.27	855.44	1,111.34	1,243.27
Net Interest Income	-	-627.77	-761.24	-973.14	-1,117.77
Other Non Operating Income Expenses	-	223.50	165.20	122	139.90
Other Income Expense	-	295.60	-1,913.10	-488.72	-30.60
Interest Income Non Operating	-	50.50	94.20	138.20	125.50
Interest Expense Non Operating	-	678.27	855.44	1,111.34	1,243.27
Net Non Operating Interest Income Expense	-	-627.77	-761.24	-973.14	-1,117.77
Pretax Income	-	1,865.97	-275.04	1,243.84	1,840.18
Tax Provision	-	453.57	159.68	424.66	140.29
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	11.96	-439.70	-226.23	-14.47
Net Income Continuous Operations	-	1,412.39	-434.72	819.17	1,699.89
Net Income From Continuing And Discontinued Operation	-	1,404.88	-442.24	811.65	1,692.37
Net Income From Continuing Operation Net Minority Interest	-	1,404.88	-442.24	811.65	1,692.37
Net Income	-	1,404.88	-442.24	811.65	1,692.37
Net Income Common Stockholders	-	1,404.88	-442.24	811.65	1,692.37
Net Income Including Noncontrolling Interests	-	1,412.39	-434.72	819.17	1,699.89
Normalized Income	-	1,367.63	1,211.86	1,248.04	1,868.30
Diluted NI Availto Com Stockholders	-	1,404.88	-442.24	811.65	1,692.37
Basic Average Shares	-	346.78	349.58	357.48	370.85
Diluted Average Shares	-	347.25	349.84	357.78	371.26
Reconciled Depreciation	-	1,643.14	815.72	1,776.37	2,404.49
Reconciled Cost Of Revenue	-	1,865.33	1,895.70	2,012.93	2,073.78
Total Unusual Items	-	49.20	-2,093.80	-662.62	-190.40
Total Unusual Items Excluding Goodwill	-	49.20	-2,093.80	-662.62	-190.40
Minority Interests	-	-7.52	-7.52	-7.52	-7.52
Special Income Charges	-	47.30	-2,088.90	-663.22	-185
Gain On Sale Of Business	-	0	-2,167	-761.02	-284
Other Special Charges	-	-47.30	-78.10	-97.80	-99
Write Off	0	0	2,167	-	-
Gain On Sale Of Security	-	1.90	-4.90	0.60	-5.40
Depreciation Amortization Depletion Income Statement	-	1,643.14	815.72	1,776.37	2,404.49
Depreciation And Amortization In Income Statement	-	1,643.14	815.72	1,776.37	2,404.49
General And Administrative Expense	-84.40	-219.80	-132.90	-	-
Salaries And Wages	-84.40	-219.80	-132.90	-	-
Gain On Sale Of Ppe	0.10	2.60	0	-297	-
Other Operating Expenses	-	5,672.12	5,859.58	4,407.91	4,987.52
Earnings From Equity Interest	-	22.90	15.50	51.90	19.90
Amortization	-	448.89	-490.12	342.86	835.91
Amortization Of Intangibles Income Statement	-	448.89	-490.12	342.86	835.91
Depreciation Income Statement	-	1,194.25	1,305.84	1,433.50	1,568.58
Other Taxes	-	910.59	940.36	997.90	1,092.87

Peer Comparison

Utilities sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Eversource Energythis co.	ES	$26.3B	15.53↓ discount	1.62	10.4%	10.25
Ameren Corporation	AEE	$29.6B	20.34	2.21	10.9%	-
NRG Energy, Inc.	NRG	$28.1B	32.57	27.30	83.8%	12.21
Atmos Energy Corporation	ATO	$28.0B	23.40	2.07	8.8%	15.57
Edison International	EIX	$27.6B	5.88

Learn while you research

Hand-picked academy chapters to deepen your understanding of Eversource Energy 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 Leverage Ratios

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$13.5B

$5.5B

$1.7B

$-45M

10.4%

13.8%

108.5%

2024

$11.9B

$4.1B

$812M

$-2.3B

5.4%

-0.1%

-283.5%

2023

$11.9B

$1.4B

$-442M

$-2.7B

-3.1%

-131.5%

2022

$12.3B

$4.2B

$1.4B

$-1.0B

9.1%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

12,289.34

11,910.70

11,900.81

13,547.24

Operating Revenue

12,289.34

11,910.70

11,900.81

13,547.24

Cost Of Revenue

1,865.33

1,895.70

2,012.93

2,073.78

Gross Profit

10,424.01

10,015

9,887.88

11,473.47

Operating Expense

8,225.85

7,615.67

7,182.17

8,484.88

Selling General And Administration

-84.40

-219.80

-132.90

Total Expenses

10,091.18

9,511.37

9,195.10

10,558.66

Operating Income

2,198.15

2,399.34

2,705.71

2,988.59

Total Operating Income As Reported

2,198.15

2,399.34

2,408.71

2,988.59

EBITDA

4,187.38

1,396.13

4,131.54

5,487.93

Normalized EBITDA

4,138.18

3,489.93

4,794.16

5,678.33

EBIT

2,544.24

580.40

2,355.17

3,083.44

Interest Income

50.50

94.20

138.20

125.50

Interest Expense

678.27

855.44

1,111.34

1,243.27

Net Interest Income

-627.77

-761.24

-973.14

-1,117.77

Other Non Operating Income Expenses

223.50

165.20

122

139.90

Other Income Expense

295.60

-1,913.10

-488.72

-30.60

Interest Income Non Operating

50.50

94.20

138.20

125.50

Interest Expense Non Operating

678.27

855.44

1,111.34

1,243.27

Net Non Operating Interest Income Expense

-627.77

-761.24

-973.14

-1,117.77

Pretax Income

1,865.97

-275.04

1,243.84

1,840.18

Tax Provision

453.57

159.68

424.66

140.29

Tax Rate For Calcs

Tax Effect Of Unusual Items

11.96

-439.70

-226.23

-14.47

Net Income Continuous Operations

1,412.39

-434.72

819.17

1,699.89

Net Income From Continuing And Discontinued Operation

1,404.88

-442.24

811.65

1,692.37

Net Income From Continuing Operation Net Minority Interest

1,404.88

-442.24

811.65

1,692.37

Net Income

1,404.88

-442.24

811.65

1,692.37

Net Income Common Stockholders

1,404.88

-442.24

811.65

1,692.37

Net Income Including Noncontrolling Interests

1,412.39

-434.72

819.17

1,699.89

Normalized Income

1,367.63

1,211.86

1,248.04

1,868.30

Diluted NI Availto Com Stockholders

1,404.88

-442.24

811.65

1,692.37

Basic Average Shares

346.78

349.58

357.48

370.85

Diluted Average Shares

347.25

349.84

357.78

371.26

Reconciled Depreciation

1,643.14

815.72

1,776.37

2,404.49

Reconciled Cost Of Revenue

1,865.33

1,895.70

2,012.93

2,073.78

Total Unusual Items

49.20

-2,093.80

-662.62

-190.40

Total Unusual Items Excluding Goodwill

49.20

-2,093.80

-662.62

-190.40

Minority Interests

-7.52

Special Income Charges

47.30

-2,088.90

-663.22

-185

Gain On Sale Of Business

-2,167

-761.02

-284

Other Special Charges

-47.30

-78.10

-97.80

-99

Write Off

2,167

Gain On Sale Of Security

1.90

-4.90

0.60

-5.40

Depreciation Amortization Depletion Income Statement

1,643.14

815.72

1,776.37

2,404.49

Depreciation And Amortization In Income Statement

1,643.14

815.72

1,776.37

2,404.49

General And Administrative Expense

-84.40

-219.80

-132.90

Salaries And Wages

-84.40

-219.80

-132.90

Gain On Sale Of Ppe

0.10

2.60

-297

Other Operating Expenses

5,672.12

5,859.58

4,407.91

4,987.52

Earnings From Equity Interest

22.90

15.50

51.90

19.90

Amortization

448.89

-490.12

342.86

835.91

Amortization Of Intangibles Income Statement

448.89

-490.12

342.86

835.91

Depreciation Income Statement

1,194.25

1,305.84

1,433.50

1,568.58

Other Taxes

910.59

940.36

997.90

1,092.87

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Eversource Energythis co.

$26.3B

15.53↓ discount

1.62

10.4%

10.25

Ameren Corporation

AEE

$29.6B

20.34

2.21

10.9%

NRG Energy, Inc.

NRG

$28.1B

32.57

27.30

83.8%

12.21

Atmos Energy Corporation

ATO

$28.0B

23.40

2.07

8.8%

15.57

Edison International

EIX

$27.6B

5.88

Eversource Energy

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

Eversource Energy

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