NYSE : ES
Eversource Energy — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 68.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 25.82B
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Financial statements
Eversource Energy (ES) reported revenue of 14.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 14.00B | 13.55B | 11.90B | 11.91B | 12.29B | 9.86B |
| Fuel & Purchased Power | 4.51B | 4.21B | 3.74B | 5.17B | 5.01B | 3.37B |
| Operations & Maintenance | 2.11B | 2.07B | 2.01B | 1.90B | 1.87B | 1.74B |
| Depreciation & Amortization | 1.65B | 1.57B | 1.43B | 1.31B | 1.19B | 1.10B |
| Amortization of Goodwill & Intangibles | 629.80M | 835.91M | 342.86M | -490.12M | 448.89M | 231.97M |
| Other Operating Expenses | 1.82B | 1.73B | 1.85B | 1.50B | 1.35B | 1.34B |
| Total Operating Expenses | 10.71B | 10.42B | 9.38B | 9.38B | 9.87B | 7.79B |
| Operating Income | 3.29B | 3.13B | 2.52B | 2.53B | 2.42B | 2.08B |
| Interest Expense | -1.37B | -1.24B | -1.11B | -855.44M | -678.27M | -582.33M |
| Interest Income | 121.70M | 125.50M | 138.20M | 94.20M | 50.50M | 25.60M |
| Net Interest Expense | -1.25B | -1.12B | -973.14M | -761.24M | -627.77M | -556.73M |
| Income (Loss) on Equity Investments | 18.00M | 19.90M | 51.90M | 15.50M | 22.90M | 14.20M |
| Allowance for Equity Funds for Construction | 104.30M | 99.00M | 97.80M | 78.10M | 47.30M | 37.30M |
| Other Non-Operating Income (Expenses) | -154.86M | 554.00K | 6.58M | 32.27M | 3.69M | -18.00K |
| EBT Excluding Unusual Items | 2.00B | 2.13B | 1.71B | 1.90B | 1.86B | 1.57B |
| Gain (Loss) on Sale of Investments | -288.50M | -289.40M | -463.42M | -2.17B | 1.90M | -200.00K |
| Gain (Loss) on Sale of Assets | -111.36M | |||||
| Pretax Income | 1.60B | 1.84B | 1.24B | -275.04M | 1.87B | 1.57B |
| Income Tax Expense | 147.64M | 140.29M | 424.66M | 159.68M | 453.57M | 344.22M |
| Earnings From Continuing Ops. | 1.46B | 1.70B | 819.17M | -434.72M | 1.41B | 1.23B |
| Minority Interest in Earnings | -7.52M | -7.52M | -7.52M | -7.52M | -7.52M | -7.52M |
| Net Income | 1.45B | 1.69B | 811.65M | -442.24M | 1.40B | 1.22B |
| Net Income to Common | 1.45B | 1.69B | 811.65M | -442.24M | 1.40B | 1.22B |
| Shares Outstanding (Basic) | 374.99M | 370.85M | 357.48M | 349.58M | 346.78M | 343.97M |
| Shares Outstanding (Diluted) | 375.51M | 371.26M | 357.78M | 349.58M | 347.25M | 344.63M |
| EPS (Basic) | 3.87 | 4.56 | 2.27 | -1.27 | 4.05 | 3.55 |
| EPS (Diluted) | 3.86 | 4.56 | 2.27 | -1.27 | 4.05 | 3.54 |
| Free Cash Flow | 297.71M | -45.10M | -2.32B | -2.69B | -1.04B | -1.21B |
| Free Cash Flow Per Share | 0.79 | -0.12 | -6.49 | -7.70 | -3.00 | -3.52 |
| Dividend Per Share | 3.08 | 3.01 | 2.86 | 2.70 | 2.55 | 2.41 |
| Profit Margin | 10.35% | 12.49% | 6.82% | -3.71% | 11.43% | 12.38% |
| Free Cash Flow Margin | 2.13% | -0.33% | -19.50% | -22.59% | -8.47% | -12.29% |
| EBITDA | 4.93B | 4.70B | 3.96B | 3.84B | 3.61B | 3.18B |
| EBITDA Margin | 35.24% | 34.67% | 33.26% | 32.22% | 29.39% | 32.25% |
| D&A For EBITDA | 1.65B | 1.57B | 1.43B | 1.31B | 1.19B | 1.10B |
| EBIT | 3.29B | 3.13B | 2.52B | 2.53B | 2.42B | 2.08B |
| EBIT Margin | 23.47% | 23.09% | 21.21% | 21.26% | 19.68% | 21.07% |
| Effective Tax Rate | 9.20% | 7.62% | 34.14% | 24.31% | 21.89% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.82B | 135.35M | 26.66M | 53.87M | 374.60M | 66.77M |
| Accounts Receivable | 1.91B | 2.12B | 1.89B | 1.66B | 1.76B | 1.44B |
| Inventory | 467.20M | 491.59M | 594.57M | 507.31M | 374.39M | 267.55M |
| Prepaid Expenses | 284.78M | 259.36M | 239.57M | 355.76M | 382.60M | 369.76M |
| Restricted Cash | 59.70M | 93.60M | 75.80M | |||
| Other Current Assets | 1.91B | 1.98B | 2.25B | 1.67B | 1.34B | 1.13B |
| Total Current Assets | 6.44B | 5.08B | 5.08B | 4.25B | 4.22B | 3.27B |
| Property, Plant & Equipment | 45.27B | 45.98B | 41.04B | 39.55B | 36.17B | 33.42B |
| Regulatory Assets | 5.24B | 5.72B | 4.88B | 4.71B | 4.24B | 4.59B |
| Goodwill | 3.57B | 4.23B | 3.57B | 4.53B | 4.52B | 4.48B |
| Long-Term Investments | 308.08M | 469.30M | 478.97M | 984.59M | 2.52B | 1.87B |
| Other Long-Term Assets | 2.58B | 2.31B | 4.54B | 1.58B | 1.56B | 867.86M |
| Total Assets | 63.42B | 63.79B | 59.59B | 55.61B | 53.23B | 48.49B |
| Accounts Payable | 1.61B | 1.86B | 1.74B | 1.87B | 2.11B | 1.67B |
| Accrued Expenses | 403.09M | 380.23M | 341.56M | 260.58M | ||
| Short-Term Debt | 393.70M | 1.53B | 2.04B | 1.93B | 1.44B | 1.51B |
| Current Portion of Long-Term Debt | 2.55B | 1.44B | 1.05B | 868.06M | 1.36B | 1.24B |
| Current Portion of Leases | 34.50M | 16.00M | 14.90M | 12.80M | 13.90M | |
| Other Current Liabilities | 3.11B | 2.57B | 1.54B | 1.40B | 1.87B | 1.42B |
| Total Current Liabilities | 8.05B | 7.81B | 6.72B | 6.34B | 6.80B | 5.85B |
| Long-Term Debt | 26.87B | 27.15B | 26.03B | 23.96B | 20.13B | 17.48B |
| Long-Term Leases | 94.60M | 107.80M | 111.30M | 102.10M | 92.60M | |
| Pension & Post-Retirement Benefits | 99.10M | 100.86M | 95.40M | 123.75M | 135.47M | 242.46M |
| Long-Term Deferred Tax Liabilities | 5.73B | 5.65B | 5.41B | 5.30B | 5.07B | 4.60B |
| Other Long-Term Liabilities | 6.17B | 6.63B | 6.04B | 5.45B | 5.36B | 5.48B |
| Total Liabilities | 46.92B | 47.43B | 44.40B | 41.28B | 37.60B | 33.74B |
| Common Stock | 1.92B | 1.91B | 1.88B | 1.80B | 1.80B | 1.79B |
| Additional Paid-In Capital | 9.99B | 9.94B | 9.43B | 8.46B | 8.40B | 8.10B |
| Retained Earnings | 4.57B | 4.50B | 3.93B | 4.14B | 5.53B | 5.01B |
| Treasury Stock | -122.64M | -139.36M | -170.81M | -195.68M | -216.22M | -250.88M |
| Comprehensive Income & Other | -19.35M | -20.51M | -26.47M | -33.74M | -39.42M | -42.27M |
| Total Common Equity | 16.34B | 16.20B | 15.04B | 14.17B | 15.47B | 14.60B |
| Minority Interest | 155.57M | 155.57M | 155.57M | 155.57M | 155.57M | 155.57M |
| Shareholders' Equity | 16.50B | 16.35B | 15.19B | 14.33B | 15.63B | 14.76B |
| Total Liabilities & Equity | 63.42B | 63.79B | 59.59B | 55.61B | 53.23B | 48.49B |
| Total Debt | 29.81B | 30.24B | 29.24B | 26.88B | 23.05B | 20.33B |
| Net Cash (Debt) | -27.99B | -30.11B | -29.21B | -26.83B | -22.68B | -20.26B |
| Net Cash Per Share | -74.54 | -81.10 | -81.65 | -76.74 | -65.31 | -58.78 |
| Filing Date Shares Outstanding | 376.67M | 375.50M | 366.79M | 349.69M | 348.48M | 344.44M |
| Total Common Shares Outstanding | 376.60M | 375.42M | 366.61M | 349.54M | 348.44M | 344.40M |
| Working Capital | -1.61B | -2.73B | -1.64B | -2.09B | -2.58B | -2.58B |
| Book Value Per Share | 43.39 | 43.14 | 41.02 | 40.55 | 44.41 | 42.39 |
| Tangible Book Value | 12.77B | 11.96B | 11.47B | 9.64B | 10.95B | 10.12B |
| Tangible Book Value Per Share | 33.91 | 31.87 | 31.28 | 27.58 | 31.43 | 29.39 |
| Machinery | 51.01B | 49.87B | 46.40B | 42.68B | 39.68B | 37.46B |
| Construction In Progress | 3.50B | 3.16B | 3.01B | 3.07B | 2.46B | 2.02B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.45B | 1.69B | 811.65M | -442.24M | 1.40B | 1.22B |
| Depreciation & Amortization | 1.65B | 1.57B | 1.43B | 1.31B | 1.19B | 1.10B |
| Other Amortization | 629.80M | 835.91M | 342.86M | -490.12M | 448.89M | 231.97M |
| Loss (Gain) on Sale of Investments | 478.00M | 284.00M | 464.02M | 2.17B | ||
| Asset Writedown | 297.00M | |||||
| Change in Accounts Receivable | -241.60M | -364.16M | -432.62M | -124.39M | -470.59M | -135.50M |
| Change in Accounts Payable | 16.45M | 84.19M | 47.08M | -287.64M | 377.66M | -29.20M |
| Change in Income Taxes | -57.97M | 143.33M | 55.50M | 36.36M | 18.36M | -110.62M |
| Change in Other Net Operating Assets | 151.31M | 81.67M | 19.53M | -66.20M | -45.58M | 3.71M |
| Other Operating Activities | 135.72M | -313.47M | -952.86M | -524.91M | -588.43M | -382.17M |
| Operating Cash Flow | 4.43B | 4.11B | 2.16B | 1.65B | 2.40B | 1.96B |
| Capital Expenditures | -4.13B | -4.16B | -4.48B | -4.34B | -3.44B | -3.18B |
| Divestitures | 2.33B | |||||
| Investment in Securities | 20.12M | 22.53M | -41.77M | -530.99M | -709.06M | -294.47M |
| Other Investing Activities | -319.02M | -170.02M | -13.37M | -2.90M | 20.42M | 22.18M |
| Investing Cash Flow | -2.10B | -4.31B | -4.54B | -4.87B | -4.13B | -3.45B |
| Short-Term Debt Issued | 695.55M | 256.12M | ||||
| Long-Term Debt Issued | 2.94B | 4.50B | 5.20B | 4.04B | 3.23B | |
| Total Debt Issued | 3.62B | 2.94B | 4.50B | 5.89B | 4.04B | 3.49B |
| Short-Term Debt Repaid | -517.35M | -94.96M | -78.17M | |||
| Long-Term Debt Repaid | -1.44B | -1.99B | -2.05B | -1.22B | -1.19B | |
| Total Debt Repaid | -3.57B | -1.96B | -2.09B | -2.05B | -1.30B | -1.19B |
| Net Debt Issued (Repaid) | 48.33M | 981.46M | 2.41B | 3.84B | 2.75B | 2.30B |
| Issuance of Common Stock | 273.13M | 470.95M | 1.00B | 199.91M | ||
| Common Dividends Paid | -1.13B | -1.09B | -1.00B | -919.00M | -860.03M | -805.44M |
| Other Financing Activities | -65.65M | -47.81M | -75.24M | -53.98M | -58.55M | -54.14M |
| Financing Cash Flow | -876.68M | 311.53M | 2.34B | 2.87B | 2.03B | 1.44B |
| Net Cash Flow | 1.46B | 118.94M | -39.11M | -355.33M | 300.74M | -43.94M |
| Free Cash Flow | 297.71M | -45.10M | -2.32B | -2.69B | -1.04B | -1.21B |
| Free Cash Flow Margin | 2.13% | -0.33% | -19.50% | -22.59% | -8.47% | -12.29% |
| Free Cash Flow Per Share | 0.79 | -0.12 | -6.49 | -7.70 | -3.00 | -3.52 |
| Levered Free Cash Flow | 811.96M | 761.49M | -2.56B | -3.24B | -433.70M | -520.50M |
| Unlevered Free Cash Flow | 1.67B | 1.54B | -1.86B | -2.71B | -9.78M | -156.54M |
| Cash Interest Paid | 1.18B | 1.18B | 1.01B | 783.20M | 636.20M | 568.70M |
| Cash Income Tax Paid | -48.40M | -69.60M | 39.20M | 77.90M | 121.60M | |
| Change in Working Capital | -131.81M | -54.96M | -310.51M | -441.88M | -120.16M | -271.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.15B | 25.26B | 21.04B | 21.56B | 29.20B | 31.28B |
| Enterprise Value | 54.14B | 54.99B | 49.64B | 47.74B | 51.17B | 50.77B |
| PE Ratio | 17.98 | 14.93 | 25.93 | 20.79 | 25.63 | |
| PS Ratio | 1.87 | 1.86 | 1.77 | 1.81 | 2.38 | 3.17 |
| PB Ratio | 1.58 | 1.54 | 1.39 | 1.50 | 1.87 | 2.12 |
| P/OCF Ratio | 5.90 | 6.14 | 9.74 | 13.10 | 12.16 | 15.94 |
| EV/Sales Ratio | 3.87 | 4.06 | 4.17 | 4.01 | 4.16 | 5.15 |
| EV/EBITDA Ratio | 10.97 | 11.71 | 12.54 | 12.44 | 14.17 | 15.96 |
| EV/EBIT Ratio | 16.48 | 17.58 | 19.67 | 18.85 | 21.16 | 24.44 |
| Debt / Equity Ratio | 1.81 | 1.85 | 1.92 | 1.88 | 1.48 | 1.38 |
| Debt / EBITDA Ratio | 6.00 | 6.40 | 7.33 | 6.86 | 6.23 | 6.25 |
| Debt / FCF Ratio | 100.12 | |||||
| Net Debt / Equity Ratio | 1.70 | 1.84 | 1.92 | 1.87 | 1.45 | 1.37 |
| Net Debt / EBITDA Ratio | 5.67 | 6.41 | 7.38 | 6.99 | 6.28 | 6.37 |
| Net Debt / FCF Ratio | 94.01 | -667.64 | -12.59 | -9.97 | -21.80 | -16.71 |
| Quick Ratio | 0.46 | 0.29 | 0.29 | 0.27 | 0.31 | 0.26 |
| Current Ratio | 0.80 | 0.65 | 0.76 | 0.67 | 0.62 | 0.56 |
| Asset Turnover | 0.23 | 0.22 | 0.21 | 0.22 | 0.24 | 0.21 |
| Return on Equity (ROE) | 9.02% | 10.78% | 5.55% | -2.90% | 9.30% | 8.48% |
| Return on Assets (ROA) | 3.30% | 3.17% | 2.74% | 2.91% | 2.97% | 2.75% |
| Return on Capital Employed (ROCE) | 5.90% | 5.60% | 4.80% | 5.10% | 5.20% | 4.90% |
| Earnings Yield | 5.56% | 6.70% | 3.86% | -2.05% | 4.81% | 3.90% |
| FCF Yield | 1.14% | -0.18% | -11.03% | -12.48% | -3.56% | -3.88% |
| Dividend Yield | 4.54% | 4.47% | 4.98% | 4.38% | 3.04% | 2.65% |
| Payout Ratio | 81.58% | 64.59% | 123.39% | 61.22% | 65.99% | |
| Buyback Yield / Dilution | -2.65% | -3.77% | -2.34% | -0.67% | -0.76% | -1.41% |
| Total Shareholder Return | 1.89% | 0.70% | 2.64% | 3.71% | 2.28% | 1.25% |