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EVERSOURCE ENERGY ES

NYSE · stock · Electric Services · website · IPO 1967-02-20 · LEI

EVERSOURCE ENERGY statistics & valuation

Market cap$27.6B
P / S2.0×
P / B1.7×
Dividend yield3.96%
FCF margin-0.3%
Net debt$26.7B
Net debt / EBITDA5×
Enterprise value USD$54.4B
EV / EBITDA10.1×
Earnings yield EBIT/EV5.5%
Return on capital5.3%
Graham number -7%$66.53

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($66.53); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
24.10% 24.40% 20.10% 18.70% 22.30% 20.20% 17.90% 20.10% 20.20% 22.10% 2016201720182019202020212022202320242025
Return on equity (%)
8.90% 9.00% 9.10% 7.30% 8.60% 8.40% 9.10% -3.10% 2016201720182019202020212022202320242025
Shares outstanding
318.5M 318.0M 318.0M 329.9M 343.0M 344.6M 348.4M 349.8M 366.6M 375.4M 2016201720182019202020212022202320242025
Net debt ($)
$8.83B $11.78B $12.25B $13.76B $15.13B $16.96B $19.35B $23.53B $25.67B $26.74B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.00% 2.70% 2.70% 2.20% 2.60% 2.50% 2.70% -0.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.00% -4.50% -8.70% -10.60% -14.20% -12.30% -8.50% -22.60% -19.50% -0.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.82× 1.06× 1.07× 1.09× 1.08× 1.17× 1.27× 1.66× 1.71× 1.66× 2016201720182019202020212022202320242025
EPS ($)
$2.96 $3.11 $3.25 $2.81 $3.55 $3.54 $4.05 -$1.26 $2.27 $4.56 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

EVERSOURCE ENERGY trades at about 15.7× earnings — below its 10-year norm (10-year range 15.2×–32.9×, median 21.4×).

15.2× 32.9×

Shaded band = 10-year range (15.2×–32.9×); dot = today's 15.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin22.1%20.2%20.1%17.9%20.2%22.3%18.7%20.1%24.4%24.1%
Net margin——-3.6%11.5%12.5%13.6%10.7%12.3%12.8%12.4%
FCF margin-0.3%-19.5%-22.6%-8.5%-12.3%-14.2%-10.6%-8.7%-4.5%3.0%
Return on assets——-0.8%2.7%2.5%2.6%2.2%2.7%2.7%3.0%
Return on equity——-3.1%9.1%8.4%8.6%7.3%9.1%9.0%8.9%
Debt / equity1.66×1.71×1.66×1.27×1.17×1.08×1.09×1.07×1.06×0.82×
Current ratio0.650.760.670.620.560.640.670.560.690.68

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.