15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.8% per year over the past 5 years.
Net income has grown slower than revenue (7.0% vs 8.8% per year).
Operating margin has been roughly flat, at 22.1% in the latest year.
Financial health
Total debt ($28.3B) exceeds cash ($135M); net debt is $28.1B.
Total debt has grown faster than revenue (11.8% vs 8.8% per year).
Operating income covered interest expense 2.4× in the latest year.
Total debt is 5.2× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 64.3% of earnings.
The dividend has grown 8.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$13.5B
$1.7B
0.0%
22.1%
-$45M
$28.3B
$135M
2024
$11.9B
$819M
0.0%
20.2%
-$2.3B
$26.7B
$27M
2023
$11.9B
-$435M
0.0%
20.1%
-$2.7B
$24.4B
$54M
2022
$12.3B
$1.4B
0.0%
17.9%
-$1.0B
$21.0B
$375M
2021
$9.9B
$1.2B
0.0%
20.2%
-$1.2B
$18.2B
$67M
2020
$8.9B
$1.2B
0.0%
22.3%
-$1.3B
$16.2B
—
2019
$8.5B
$8M
0.0%
18.7%
-$902M
$14.1B
$15M
2018
$8.4B
$8M
0.0%
20.1%
-$739M
$13.1B
—
2017
$7.8B
$8M
0.0%
24.4%
-$352M
$12.3B
—
2016
$7.6B
—
0.0%
24.1%
$231M
$9.6B
—
2015
$8.0B
—
0.0%
22.2%
-$290M
$9.0B
—
2014
$7.7B
—
0.0%
21.1%
$48M
$8.8B
—
2013
$7.3B
—
0.0%
20.9%
$207M
$8.3B
—
2012
$6.3B
—
0.0%
17.8%
-$311M
$9.1B
—
2011
$4.5B
—
0.0%
17.8%
-$106M
$4.9B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.5B
$609M
0.0%
23.9%
$315M
$29.5B
$270M
Dec '25
$3.4B
$423M
0.0%
21.1%
-$67M
$28.3B
$135M
Sep '25
$3.2B
$369M
0.0%
21.4%
-$26M
$28.0B
$259M
Jun '25
$2.8B
$355M
0.0%
23.4%
$15M
$28.2B
$344M
Mar '25
$4.1B
$553M
0.0%
22.5%
$33M
$27.6B
$111M
Dec '24
$3.0B
$74M
0.0%
11.7%
-$547M
$26.7B
$27M
Sep '24
$3.1B
-$116M
0.0%
20.0%
-$515M
$27.4B
$98M
Jun '24
$2.5B
$337M
0.0%
23.8%
-$401M
$27.2B
—
Mar '24
$3.3B
$524M
0.0%
25.4%
-$858M
$25.8B
—
Dec '23
$2.7B
-$1.3B
0.0%
20.7%
-$734M
$24.4B
$54M
Sep '23
$2.8B
$342M
0.0%
19.0%
-$564M
$24.2B
$79M
Jun '23
$2.6B
$17M
0.0%
21.3%
-$484M
$23.8B
$42M
Mar '23
$3.8B
$493M
0.0%
19.7%
-$908M
$22.2B
$36M
Dec '22
$3.0B
$322M
0.0%
17.2%
-$377M
$21.0B
$375M
Sep '22
$3.2B
$351M
0.0%
17.3%
$43M
$21.4B
$486M
Jun '22
$2.6B
$294M
0.0%
17.7%
-$315M
$20.8B
—
Mar '22
$3.5B
$445M
0.0%
19.1%
-$393M
$18.7B
—
Dec '21
$2.5B
—
0.0%
19.1%
-$522M
$18.2B
$67M
Sep '21
$2.4B
—
0.0%
19.9%
-$75M
$18.2B
—
Jun '21
$2.1B
—
0.0%
21.3%
-$338M
$16.7B
—
Valuation over time
How the market has priced ES against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 20.8× (Mar '23) to 15.9× (Jun '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 2.0× (Jun '26).
The dividend yield has risen from 2.9% (Mar '23) to 4.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ES growing its revenue and profit?
Over the past 5 years, Eversource Energy's revenue has grown 8.8% per year, and net income grown 7.0% per year. These are computed facts, not advice.
How much debt does ES have?
As of FY2025, Eversource Energy reported $28.3B of total debt against $135M of cash; operating income covered interest expense 2.4×.
What is ES's profit margin?
In FY2025, gross margin was —, operating margin 22.1%, and net margin 12.5%.
What is ES's P/E ratio?
As of Jun '26, Eversource Energy traded at a price-to-earnings ratio of about 15.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.