Eversource Energy (ES) Financials

$65.04 -0.89 (-1.35%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$66.08 +1.04 (+1.59%)

As of 08/8/2025 07:53 PM Eastern

Annual Income Statements for Eversource Energy

This table shows Eversource Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	820	878	942	988	1,033	909	1,205	1,221	1,405	-442	812
Consolidated Net Income / (Loss)	827	886	950	996	1,041	917	1,213	1,228	1,412	-435	819
Net Income / (Loss) Continuing Operations	802	-5,322	950	996	1,041	917	1,213	1,228	1,412	-435	819
Total Pre-Tax Income	1,295	1,426	1,505	1,574	1,329	1,190	1,559	1,572	1,866	-275	1,244
Total Operating Income	1,633	1,764	1,841	1,888	1,700	1,590	1,989	1,993	2,198	2,399	2,409
Total Gross Profit	3,293	3,539	3,796	3,910	3,974	4,123	4,436	4,751	5,410	4,847	6,152
Total Revenue	7,742	7,955	7,639	7,752	8,448	8,526	8,904	9,863	12,289	11,911	11,901
Operating Revenue	7,742	7,955	7,639	7,752	8,448	8,526	8,904	9,863	12,289	11,911	11,901
Total Cost of Revenue	4,449	4,416	3,843	3,842	4,474	4,403	4,468	5,112	6,879	7,064	5,749
Operating Cost of Revenue	4,449	4,416	3,843	3,842	4,474	4,403	4,468	5,112	6,879	7,064	5,749
Total Operating Expenses	1,660	7,983	1,955	2,021	2,274	2,533	2,448	2,758	3,212	2,447	3,743
Depreciation Expense	615	666	715	774	820	885	981	1,103	1,194	1,306	1,434
Amortization Expense	11	40	72	90	252	195	178	232	449	-490	343
Other Operating Expenses / (Income)	1,035	1,086	1,168	1,158	1,202	1,212	1,289	1,423	1,569	1,632	1,967
Total Other Income / (Expense), net	-362	-338	-336	-314	-370	-400	-430	-421	-332	-2,674	-1,165
Interest Expense	362	372	401	422	499	533	538	582	678	855	1,111
Interest & Investment Income	-	-	-	-	-	-	-	0.00	0.00	-2,167	-464
Other Income / (Expense), net	-	34	65	108	128	133	109	161	346	348	410
Income Tax Expense	468	540	555	579	289	273	346	344	454	160	425
Net Income / (Loss) Attributable to Noncontrolling Interest	7.52	7.52	7.52	7.52	7.52	7.52	7.52	7.52	7.52	7.52	7.52
Basic Earnings per Share	$2.59	$2.77	$2.97	$3.11	$3.25	$2.83	$3.56	$3.55	$4.05	($1.27)	$2.27
Weighted Average Basic Shares Outstanding	316.14M	317.34M	317.65M	317.41M	317.37M	321.42M	338.84M	343.97M	346.78M	349.58M	357.48M
Diluted Earnings per Share	$2.58	$2.76	$2.96	$3.11	$3.25	$2.81	$3.55	$3.54	$4.05	($1.26)	$2.27
Weighted Average Diluted Shares Outstanding	317.42M	318.43M	318.45M	318.03M	317.99M	322.94M	339.85M	344.63M	347.25M	349.84M	357.78M
Weighted Average Basic & Diluted Shares Outstanding	316.40M	317.10M	317.30M	317.41M	317.37M	342.02M	355.07M	356.51M	360.55M	361.76M	372.82M
Cash Dividends to Common per Share	$1.57	$1.67	$1.78	$1.90	$2.02	$2.14	$2.27	$2.41	$2.55	$2.70	$2.86

This table shows Eversource Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	320	491	15	340	-1,288	522	335	-118	73	551	353
Consolidated Net Income / (Loss)	322	493	17	342	-1,287	524	337	-116	74	553	355
Net Income / (Loss) Continuing Operations	322	493	17	342	-1,287	524	337	-116	74	553	355
Total Pre-Tax Income	426	644	47	387	-1,354	686	446	-40	151	718	465
Total Operating Income	522	750	561	531	559	846	602	612	348	926	663
Total Gross Profit	1,248	1,438	1,041	1,122	1,246	1,634	1,228	1,635	1,656	2,291	1,552
Total Revenue	3,030	3,796	2,629	2,791	2,694	3,333	2,534	3,063	2,971	4,118	2,838
Operating Revenue	3,030	3,796	2,629	2,791	2,694	3,333	2,534	3,063	2,971	4,118	2,838
Total Cost of Revenue	1,782	2,358	1,588	1,669	1,448	1,699	1,306	1,428	1,316	1,828	1,286
Operating Cost of Revenue	1,782	2,358	1,588	1,669	1,448	1,699	1,306	1,428	1,316	1,828	1,286
Total Operating Expenses	725	688	480	592	687	788	625	1,023	1,308	1,364	889
Depreciation Expense	309	313	320	330	343	340	355	366	373	380	386
Amortization Expense	30	-76	-218	-144	-52	-2.33	-114	244	215	455	109
Other Operating Expenses / (Income)	386	451	379	406	396	450	385	412	719	529	394
Total Other Income / (Expense), net	-96	-106	-513	-143	-1,912	-160	-156	-652	-197	-209	-198
Interest Expense	187	195	207	222	231	251	271	301	289	301	293
Other Income / (Expense), net	91	89	95	79	85	91	115	113	92	92	95
Income Tax Expense	104	151	30	46	-67	163	109	77	76	165	111
Net Income / (Loss) Attributable to Noncontrolling Interest	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88	1.88
Basic Earnings per Share	$0.92	$1.41	$0.04	$0.97	($3.69)	$1.49	$0.95	($0.33)	$0.16	$1.50	$0.96
Weighted Average Basic Shares Outstanding	346.78M	349.22M	349.46M	349.70M	349.58M	350.72M	353.21M	359.52M	357.48M	367.32M	368.66M
Diluted Earnings per Share	$0.93	$1.41	$0.04	$0.97	($3.68)	$1.49	$0.95	($0.33)	$0.16	$1.50	$0.96
Weighted Average Diluted Shares Outstanding	347.25M	349.61M	349.73M	349.85M	349.84M	351.00M	353.42M	359.82M	357.78M	367.68M	368.92M
Weighted Average Basic & Diluted Shares Outstanding	360.55M	360.91M	361.16M	361.40M	361.76M	364.33M	369.46M	372.44M	372.82M	373.42M	377.15M
Cash Dividends to Common per Share	-	$0.68	$0.68	$0.68	-	$0.72	$0.72	$0.72	-	$0.75	$0.75

This table details how cash moves in and out of Eversource Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-4.66	-15	39	-21	123	-92	148	-44	301	-355	-39
Net Cash From Operating Activities	1,652	1,434	2,208	1,996	1,831	2,010	1,683	1,963	2,401	1,646	2,160
Net Cash From Continuing Operating Activities	1,652	1,434	2,208	1,996	1,831	2,010	1,683	1,963	2,401	1,646	2,160
Net Income / (Loss) Continuing Operations	827	886	950	996	1,041	917	1,213	1,228	1,412	-435	819
Consolidated Net Income / (Loss)	827	886	950	996	1,041	917	1,213	1,228	1,412	-435	819
Depreciation Expense	615	666	715	774	820	885	981	1,103	1,194	1,306	1,434
Amortization Expense	11	22	-	90	252	195	178	232	449	-490	343
Non-Cash Adjustments To Reconcile Net Income	76	-446	-36	-380	-384	47	-219	-362	-597	1,773	358
Changes in Operating Assets and Liabilities, net	124	305	579	517	102	-35	-470	-239	-57	-508	-794
Net Cash From Investing Activities	-1,592	-1,659	-2,152	-3,231	-2,437	-3,274	-4,129	-3,447	-4,130	-4,871	-4,536
Net Cash From Continuing Investing Activities	-1,592	-1,659	-2,152	-3,231	-2,437	-3,274	-4,129	-3,447	-4,130	-4,871	-4,536
Purchase of Property, Plant & Equipment	-1,604	-1,724	-1,977	-2,348	-2,570	-2,911	-2,943	-3,175	-3,442	-4,337	-4,481
Acquisitions	-	0.00	0.00	-910	-205	-416	-1,353	-327	-742	-1,680	-930
Purchase of Investments	-501	-740	-870	-811	-908	-537	-402	-415	-424	-337	-243
Sale of Property, Plant & Equipment	0.00	0.00	0.00	0.00	194	0.00	111	0.00	0.00	1,091	863
Sale and/or Maturity of Investments	489	799	659	833	901	567	434	448	458	396	268
Other Investing Activities, net	24	6.29	36	5.48	152	24	24	22	20	-2.90	-13
Net Cash From Financing Activities	-65	211	-18	1,213	730	1,172	2,595	1,441	2,030	2,869	2,337
Net Cash From Continuing Financing Activities	-65	211	-18	1,213	730	1,172	2,595	1,441	2,030	2,869	2,337
Repayment of Debt	-307	-477	-246	-677	-1,458	-802	-299	-933	-1,301	-1,359	-2,102
Payment of Dividends	-483	-537	-572	-610	-648	-671	-752	-813	-868	-927	-1,009
Issuance of Debt	725	1,225	800	2,500	2,200	1,845	2,760	3,230	4,045	5,198	4,502
Issuance of Common Equity	-	-	-	0.00	0.00	852	929	0.00	197	0.00	989
Other Financing Activities, net	0.00	0.00	0.00	0.00	636	-52	-43	-43	-43	-43	-43

This table details how cash moves in and out of Eversource Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-81	-359	15	2.92	-14	194	-228	70	-75	73	237
Net Cash From Operating Activities	712	69	578	522	477	291	671	556	642	1,041	1,057
Net Cash From Continuing Operating Activities	712	69	578	522	477	291	671	556	642	1,041	1,057
Net Income / (Loss) Continuing Operations	322	493	17	342	-1,287	524	337	-116	74	553	355
Consolidated Net Income / (Loss)	322	493	17	342	-1,287	524	337	-116	74	553	355
Depreciation Expense	309	313	320	330	343	340	355	366	373	380	386
Amortization Expense	30	-76	-218	-144	-52	-2.33	-114	244	215	455	109
Non-Cash Adjustments To Reconcile Net Income	-46	-128	307	-158	1,752	-118	-107	405	178	-47	-87
Changes in Operating Assets and Liabilities, net	98	-533	152	153	-280	-452	200	-343	-198	-300	295
Net Cash From Investing Activities	-1,202	-1,052	-1,346	-1,561	-912	-1,447	-1,484	-392	-1,212	-999	-1,104
Net Cash From Continuing Investing Activities	-1,202	-1,052	-1,346	-1,561	-912	-1,447	-1,484	-392	-1,212	-999	-1,104
Purchase of Property, Plant & Equipment	-1,089	-977	-1,062	-1,086	-1,211	-1,149	-1,071	-1,071	-1,189	-1,007	-1,042
Acquisitions	-125	-88	-302	-497	-793	-307	-422	-200	-0.04	-0.50	-0.04
Purchase of Investments	-110	-57	-138	-93	-49	-38	-46	-50	-109	-61	-56
Sale and/or Maturity of Investments	117	64	151	126	54	42	50	55	122	64	60
Other Investing Activities, net	5.18	5.64	5.42	-11	-2.84	5.85	5.51	11	-36	5.70	-66
Net Cash From Financing Activities	409	623	783	1,042	420	1,350	586	-93	495	32	284
Net Cash From Continuing Financing Activities	409	623	783	1,042	420	1,350	586	-93	495	32	284
Repayment of Debt	628	-674	-796	316	-206	192	-1,839	331	-786	-876	-188
Payment of Dividends	-218	-231	-231	-232	-232	-247	-248	-256	-258	-272	-273
Issuance of Debt	-	1,550	1,811	979	858	1,350	2,500	-728	1,380	1,201	527
Issuance of Common Equity	-0.05	0.00	-	-	-	75	173	582	159	0.00	218

This table presents Eversource Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,034	30,580	32,053	5,214	38,241	41,124	46,100	48,492	53,231	55,612	59,595
Total Current Assets	0.00	2,619	2,478	201	2,292	2,415	3,130	3,270	4,223	4,248	5,076
Cash & Equivalents	-	24	30	-	108	15	107	67	375	54	27
Accounts Receivable	-	775	847	201	1,170	1,170	1,429	1,437	1,756	1,657	1,893
Inventories, net	-	336	329	-	238	235	266	268	374	507	595
Other Current Assets	-	975	1,103	-	776	993	1,329	1,499	1,718	2,030	2,561
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	25,610	27,585	30,883	0.00	36,113	39,499	40,987
Total Noncurrent Assets	4,034	8,069	8,225	5,013	10,339	11,124	12,087	45,222	12,895	11,866	13,532
Long-Term Investments	515	516	545	585	882	1,321	1,564	1,897	2,543	998	320
Goodwill	3,519	3,519	3,519	4,427	4,427	4,427	4,446	4,477	4,523	4,532	3,571
Employee Benefit Assets	-	-	-	-	-	-	-	-	-	1,028	1,337
Other Noncurrent Operating Assets	-	23,926	25,511	-	5,030	5,376	6,077	38,848	4,784	5,307	5,692
Other Noncurrent Nonoperating Assets	-	-	-	-	0.00	-	0.00	-	1,046	0.00	2,611
Total Liabilities & Shareholders' Equity	29,740	30,580	32,053	36,220	38,241	41,124	46,100	48,492	53,231	55,612	59,595
Total Liabilities	160	20,073	21,186	3,298	26,599	28,338	31,880	33,737	37,602	41,283	44,400
Total Current Liabilities	160	2,990	3,639	0.00	4,113	3,606	4,915	5,847	6,799	6,341	6,721
Short-Term Debt	-	229	774	-	890	327	1,096	1,193	1,363	825	1,003
Accounts Payable	-	814	885	-	1,120	1,148	1,371	1,672	2,114	1,869	1,737
Other Current Liabilities	-	1,947	1,980	0.00	2,103	2,130	2,448	2,982	3,322	3,387	3,587
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	261	394
Total Noncurrent Liabilities	0.00	17,083	17,547	3,298	22,486	24,733	26,965	27,890	30,803	34,941	37,679
Long-Term Debt	0.00	8,806	8,829	-	12,249	13,771	15,126	17,024	19,724	23,589	25,702
Asset Retirement Reserve & Litigation Obligation	-	514	702	-	4,076	4,147	4,350	4,366	4,433	4,529	4,623
Noncurrent Deferred & Payable Income Tax Liabilities	-	5,148	5,607	3,298	3,506	3,756	4,095	4,597	5,068	5,304	5,411
Noncurrent Employee Benefit Liabilities	0.00	1,407	1,142	-	963	1,370	1,654	242	135	124	95
Other Noncurrent Operating Liabilities	-	1,209	1,267	0.00	1,693	1,689	1,740	1,660	1,443	1,397	1,448
Other Noncurrent Nonoperating Liabilities	0.00	-	-	-	-	-	-	-	-	0.00	399
Commitments & Contingencies	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	156	156	-	156	156	156	156	156	156	156
Total Equity & Noncontrolling Interests	0.00	10,352	10,712	-318	11,487	12,630	14,064	14,600	15,473	14,174	15,039
Total Preferred & Common Equity	300	10,352	10,712	-318	11,487	12,630	14,064	14,600	15,473	14,174	15,039
Total Common Equity	300	10,352	10,712	-318	11,487	12,630	14,064	14,600	15,473	14,174	15,039
Common Stock	-	7,932	7,920	-	7,911	8,817	9,805	9,888	10,202	10,261	11,308
Retained Earnings	-	2,797	3,175	-	3,954	4,177	4,613	5,005	5,527	4,143	3,929
Accumulated Other Comprehensive Income / (Loss)	-	-67	-65	-	-60	-65	-76	-42	-39	-34	-26
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	-171

This table presents Eversource Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	53,231	54,105	54,540	56,293	55,612	57,322	58,352	58,573	59,595	60,195	60,956
Total Current Assets	4,223	4,136	3,722	4,009	4,248	4,881	4,673	4,833	5,076	4,912	4,905
Cash & Equivalents	375	36	42	79	54	259	33	98	27	111	344
Accounts Receivable	1,756	1,877	1,513	1,602	1,657	1,789	1,670	1,732	1,893	2,066	1,897
Inventories, net	374	423	406	446	507	555	532	564	595	605	549
Other Current Assets	1,718	1,800	1,760	1,882	2,030	2,277	2,437	2,439	2,561	2,131	2,115
Plant, Property, & Equipment, net	36,113	36,745	37,578	38,518	39,499	40,289	41,126	41,911	40,987	41,650	42,303
Total Noncurrent Assets	12,895	13,224	13,240	13,766	11,866	12,152	12,554	11,829	13,532	13,633	13,748
Long-Term Investments	2,543	2,635	2,555	3,051	998	1,076	1,281	506	489	324	317
Goodwill	4,523	4,523	4,523	4,530	4,532	4,532	4,532	4,527	3,571	3,571	3,571
Employee Benefit Assets	-	-	-	-	1,028	-	1,101	1,158	1,337	1,383	1,390
Other Noncurrent Operating Assets	4,784	4,969	4,979	4,946	5,307	5,459	5,640	5,639	5,524	5,730	8,470
Total Liabilities & Shareholders' Equity	53,231	54,105	54,540	56,293	55,612	57,322	58,352	58,573	59,595	60,195	60,956
Total Liabilities	37,602	38,200	38,830	40,452	41,283	42,623	43,378	43,373	44,400	44,698	45,135
Total Current Liabilities	6,799	6,405	5,795	7,120	6,341	6,368	6,253	5,620	6,721	6,517	6,881
Short-Term Debt	1,363	1,659	2,106	2,115	825	909	1,328	1,442	1,003	1,350	1,950
Accounts Payable	2,114	1,822	1,550	1,642	1,869	1,664	1,759	1,562	1,737	1,489	1,513
Other Current Liabilities	3,322	2,924	2,139	3,362	3,387	3,795	2,838	2,307	3,587	3,336	2,998
Other Current Nonoperating Liabilities	-	-	-	-	261	-	328	308	394	342	420
Total Noncurrent Liabilities	30,803	31,795	33,036	33,332	34,941	36,255	37,125	37,754	37,679	38,181	38,254
Long-Term Debt	19,724	20,563	21,772	22,087	23,589	24,930	25,836	25,971	25,702	26,249	26,213
Asset Retirement Reserve & Litigation Obligation	4,433	4,475	4,469	4,527	4,529	4,557	4,602	4,635	4,623	4,660	4,672
Noncurrent Deferred & Payable Income Tax Liabilities	5,068	5,239	5,275	5,239	5,304	5,315	5,250	5,331	5,411	5,402	5,524
Noncurrent Employee Benefit Liabilities	135	120	120	118	124	124	125	126	95	96	95
Other Noncurrent Operating Liabilities	1,443	1,398	1,400	1,361	1,397	1,330	1,312	1,691	1,448	1,376	1,351
Other Noncurrent Nonoperating Liabilities	-	-	-	-	0.00	-	-	-	399	398	399
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	156	156	156	156	156	156	156	156	156	156	156
Total Equity & Noncontrolling Interests	15,473	15,749	15,554	15,686	14,174	14,544	14,819	15,044	15,039	15,341	15,666
Total Preferred & Common Equity	15,473	15,749	15,554	15,686	14,174	14,544	14,819	15,044	15,039	15,341	15,666
Total Common Equity	15,473	15,749	15,554	15,686	14,174	14,544	14,819	15,044	15,039	15,341	15,666
Common Stock	10,202	10,212	10,229	10,244	10,261	10,344	10,532	11,130	11,308	11,319	11,561
Retained Earnings	5,527	5,783	5,563	5,667	4,143	4,414	4,497	4,119	3,929	4,204	4,280
Accumulated Other Comprehensive Income / (Loss)	-39	-36	-32	-24	-34	-29	-30	-28	-26	-24	-24
Other Equity Adjustments	-	-	-	-	-	-	-180	-176	-	-158	-151

This table displays calculated financial ratios and metrics derived from Eversource Energy's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.04%	2.75%	-3.97%	1.48%	8.98%	0.93%	4.43%	10.77%	24.60%	-3.08%	-0.08%
EBITDA Growth	-6.84%	10.11%	5.42%	9.11%	1.41%	-3.32%	16.14%	7.16%	20.00%	-14.91%	28.98%
EBIT Growth	4.38%	10.14%	5.97%	4.74%	-8.41%	-5.74%	21.71%	2.73%	18.08%	7.99%	2.61%
NOPAT Growth	4.83%	5.14%	6.03%	2.73%	11.43%	-7.93%	26.30%	0.64%	6.87%	0.94%	-5.55%
Net Income Growth	4.21%	7.13%	7.20%	4.81%	4.52%	-11.91%	32.31%	1.27%	15.01%	-130.78%	288.44%
EPS Growth	3.61%	6.98%	7.25%	5.07%	4.50%	-13.54%	26.33%	-0.28%	14.41%	-131.11%	280.16%
Operating Cash Flow Growth	-0.70%	-13.21%	54.02%	-9.60%	-8.30%	9.78%	-16.27%	16.64%	22.35%	-31.45%	31.20%
Free Cash Flow Firm Growth	-93.49%	-1,292.51%	101.63%	8,264.67%	-207.86%	97.48%	-215.27%	59.39%	88.12%	-4,252.49%	99.19%
Invested Capital Growth	-4.55%	459.65%	4.94%	-93.25%	1,687.30%	7.38%	12.62%	7.78%	5.63%	15.87%	4.25%
Revenue Q/Q Growth	1.35%	-2.33%	1.13%	1.56%	1.68%	0.18%	2.10%	2.58%	4.67%	-2.74%	2.39%
EBITDA Q/Q Growth	-0.01%	0.09%	1.62%	4.43%	-1.75%	-0.31%	2.59%	2.24%	2.16%	-0.46%	2.05%
EBIT Q/Q Growth	2.33%	-0.59%	3.50%	0.62%	-2.39%	2.18%	0.73%	1.40%	4.24%	1.13%	-6.75%
NOPAT Q/Q Growth	4.80%	-3.86%	3.32%	1.35%	1.92%	1.85%	1.95%	2.93%	-0.48%	-8.88%	-13.48%
Net Income Q/Q Growth	5.65%	-4.30%	5.25%	0.83%	-0.58%	2.09%	1.84%	2.91%	0.96%	-137.03%	251.19%
EPS Q/Q Growth	30.96%	6.98%	0.00%	0.00%	-0.61%	1.08%	0.57%	3.21%	1.00%	-137.61%	244.59%
Operating Cash Flow Q/Q Growth	-12.62%	-10.35%	27.44%	-1.84%	-5.06%	4.79%	-16.33%	15.00%	12.67%	-12.51%	8.28%
Free Cash Flow Firm Q/Q Growth	-13.89%	-163.28%	-76.61%	983.30%	11.72%	-111.47%	-61.80%	55.45%	94.10%	-2,828.88%	99.41%
Invested Capital Q/Q Growth	-84.40%	0.00%	15,874.57%	-62.18%	-17.28%	0.88%	3.20%	0.29%	-3.56%	6.38%	-6.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.53%	44.48%	49.69%	50.43%	47.04%	48.36%	49.82%	48.17%	44.02%	40.69%	51.69%
EBITDA Margin	29.17%	31.26%	34.31%	36.89%	34.33%	32.89%	36.57%	35.38%	34.07%	29.92%	38.62%
Operating Margin	21.09%	22.18%	24.10%	24.36%	20.12%	18.65%	22.33%	20.21%	17.89%	20.14%	20.24%
EBIT Margin	21.09%	22.61%	24.95%	25.75%	21.64%	20.21%	23.55%	21.85%	20.70%	23.07%	23.69%
Profit (Net Income) Margin	10.68%	11.14%	12.43%	12.84%	12.32%	10.75%	13.62%	12.45%	11.49%	-3.65%	6.88%
Tax Burden Percent	63.85%	62.13%	63.12%	63.23%	78.26%	77.02%	77.79%	78.11%	75.69%	158.06%	65.86%
Interest Burden Percent	79.33%	79.29%	78.96%	78.87%	72.72%	69.06%	74.33%	72.97%	73.34%	-10.01%	44.12%
Effective Tax Rate	36.15%	37.87%	36.88%	36.77%	21.74%	22.98%	22.21%	21.89%	24.31%	0.00%	34.14%
Return on Invested Capital (ROIC)	30.31%	9.89%	6.03%	11.34%	10.59%	4.97%	5.70%	5.21%	5.22%	4.75%	4.09%
ROIC Less NNEP Spread (ROIC-NNEP)	24.05%	6.29%	3.56%	7.56%	6.39%	2.49%	3.25%	3.07%	3.71%	-5.63%	0.90%
Return on Net Nonoperating Assets (RNNOA)	0.00%	6.97%	2.85%	7.53%	7.78%	2.54%	3.29%	3.27%	4.08%	-7.65%	1.46%
Return on Equity (ROE)	0.00%	16.86%	8.89%	18.87%	18.38%	7.50%	8.98%	8.48%	9.30%	-2.90%	5.55%
Cash Return on Invested Capital (CROIC)	34.97%	-129.47%	1.22%	186.06%	-168.21%	-2.16%	-6.17%	-2.28%	-0.25%	-9.95%	-0.07%
Operating Return on Assets (OROA)	40.61%	10.39%	6.09%	10.71%	8.41%	4.34%	4.81%	4.56%	5.00%	5.05%	4.89%
Return on Assets (ROA)	20.57%	5.12%	3.03%	5.34%	4.79%	2.31%	2.78%	2.60%	2.78%	-0.80%	1.42%
Return on Common Equity (ROCE)	0.00%	17.10%	8.76%	18.59%	18.12%	7.41%	8.88%	8.39%	9.20%	-2.87%	5.49%
Return on Equity Simple (ROE_SIMPLE)	275.26%	8.56%	8.87%	-313.28%	9.06%	7.26%	8.62%	8.41%	9.13%	-3.07%	5.45%
Net Operating Profit after Tax (NOPAT)	1,043	1,096	1,162	1,194	1,330	1,225	1,547	1,557	1,664	1,680	1,586
NOPAT Margin	13.47%	13.78%	15.21%	15.40%	15.75%	14.37%	17.37%	15.79%	13.54%	14.10%	13.33%
Net Nonoperating Expense Percent (NNEP)	6.27%	3.61%	2.48%	3.78%	4.20%	2.48%	2.45%	2.14%	1.51%	10.38%	3.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	4.55%	4.35%	3.80%
Cost of Revenue to Revenue	57.47%	55.52%	50.31%	49.57%	52.96%	51.64%	50.18%	51.83%	55.98%	59.31%	48.31%
SG&A Expenses to Revenue	0.00%	77.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.44%	100.35%	25.59%	26.08%	26.92%	29.70%	27.49%	27.96%	26.13%	20.55%	31.45%
Earnings before Interest and Taxes (EBIT)	1,633	1,798	1,906	1,996	1,828	1,723	2,097	2,155	2,544	2,747	2,819
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,258	2,487	2,621	2,860	2,900	2,804	3,256	3,490	4,187	3,563	4,596
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	41.52	1.19	1.31	0.00	1.53	1.92	1.90	1.99	1.76	1.48	1.42
Price to Tangible Book Value (P/TBV)	0.00	1.80	1.95	0.00	2.49	2.95	2.78	2.86	2.49	2.17	1.87
Price to Revenue (P/Rev)	1.61	1.55	1.84	2.14	2.08	2.84	3.00	2.94	2.22	1.76	1.80
Price to Earnings (P/E)	15.22	14.03	14.91	16.77	17.05	26.61	22.18	23.75	19.39	0.00	26.35
Dividend Yield	3.99%	4.30%	4.10%	3.71%	3.70%	2.92%	2.96%	2.91%	3.32%	4.59%	4.98%
Earnings Yield	6.57%	7.13%	6.71%	5.96%	5.87%	3.76%	4.51%	4.21%	5.16%	0.00%	3.79%
Enterprise Value to Invested Capital (EV/IC)	3.56	1.12	1.18	12.01	1.26	1.45	1.44	1.46	1.39	1.17	1.21
Enterprise Value to Revenue (EV/Rev)	1.54	2.64	3.04	2.06	3.54	4.35	4.65	4.60	3.71	3.73	4.01
Enterprise Value to EBITDA (EV/EBITDA)	5.30	8.44	8.86	5.59	10.31	13.23	12.72	13.01	10.88	12.47	10.39
Enterprise Value to EBIT (EV/EBIT)	7.32	11.67	12.19	8.01	16.36	21.53	19.76	21.07	17.91	16.18	16.93
Enterprise Value to NOPAT (EV/NOPAT)	11.47	19.14	19.99	13.39	22.49	30.29	26.78	29.16	27.39	26.46	30.09
Enterprise Value to Operating Cash Flow (EV/OCF)	7.24	14.63	10.52	8.01	16.34	18.47	24.62	23.13	18.98	27.00	22.10
Enterprise Value to Free Cash Flow (EV/FCFF)	9.94	0.00	99.20	0.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.86	0.88	0.00	1.13	1.10	1.14	1.23	1.35	1.70	1.76
Long-Term Debt to Equity	0.00	0.84	0.81	0.00	1.05	1.08	1.06	1.15	1.26	1.65	1.69
Financial Leverage	0.00	1.11	0.80	1.00	1.22	1.02	1.01	1.06	1.10	1.36	1.63
Leverage Ratio	0.00	3.29	2.93	3.53	3.84	3.25	3.23	3.26	3.35	3.63	3.90
Compound Leverage Factor	0.00	2.61	2.31	2.79	2.79	2.24	2.40	2.38	2.46	-0.36	1.72
Debt to Total Capital	0.00%	46.23%	46.91%	0.00%	53.02%	52.44%	53.29%	55.25%	57.43%	63.01%	63.74%
Short-Term Debt to Total Capital	0.00%	1.17%	3.78%	0.00%	3.59%	1.22%	3.60%	3.62%	3.71%	2.13%	2.39%
Long-Term Debt to Total Capital	0.00%	45.06%	43.13%	0.00%	49.43%	51.22%	49.69%	51.63%	53.72%	60.89%	61.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.80%	0.76%	0.00%	0.63%	0.58%	0.51%	0.47%	0.42%	0.40%	0.37%
Common Equity to Total Capital	0.00%	52.97%	52.33%	100.00%	46.35%	46.98%	46.20%	44.28%	42.14%	36.58%	35.89%
Debt to EBITDA	0.00	3.63	3.66	0.00	4.53	5.03	4.98	5.22	5.04	6.85	5.81
Net Debt to EBITDA	0.00	3.42	3.44	0.00	4.19	4.55	4.47	4.66	4.34	6.56	5.70
Long-Term Debt to EBITDA	0.00	3.54	3.37	0.00	4.22	4.91	4.65	4.88	4.71	6.62	5.59
Debt to NOPAT	0.00	8.24	8.26	0.00	9.88	11.51	10.49	11.70	12.67	14.54	16.83
Net Debt to NOPAT	0.00	7.75	7.77	0.00	9.13	10.42	9.41	10.44	10.92	13.91	16.51
Long-Term Debt to NOPAT	0.00	8.03	7.60	0.00	9.21	11.24	9.78	10.93	11.85	14.04	16.20
Altman Z-Score	49.91	0.94	0.93	5.81	0.86	0.97	0.94	0.95	0.91	0.74	0.70
Noncontrolling Interest Sharing Ratio	0.00%	-1.38%	1.46%	1.47%	1.37%	1.27%	1.15%	1.07%	1.02%	1.04%	1.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.88	0.68	0.00	0.56	0.67	0.64	0.56	0.62	0.67	0.76
Quick Ratio	0.00	0.27	0.24	0.00	0.31	0.33	0.31	0.26	0.31	0.27	0.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,203	-14,344	234	19,590	-21,129	-532	-1,676	-681	-81	-3,518	-28
Operating Cash Flow to CapEx	103.01%	83.16%	111.70%	85.01%	77.04%	69.02%	59.40%	61.81%	69.77%	50.71%	59.70%
Free Cash Flow to Firm to Interest Expense	3.32	-38.52	0.58	46.45	-42.36	-1.00	-3.11	-1.17	-0.12	-4.11	-0.03
Operating Cash Flow to Interest Expense	4.56	3.85	5.51	4.73	3.67	3.77	3.12	3.37	3.54	1.92	1.94
Operating Cash Flow Less CapEx to Interest Expense	0.13	-0.78	0.58	-0.83	-1.09	-1.69	-2.14	-2.08	-1.53	-1.87	-1.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.93	0.46	0.24	0.42	0.39	0.21	0.20	0.21	0.24	0.22	0.21
Accounts Receivable Turnover	0.00	0.00	9.41	14.78	12.32	7.29	6.85	6.88	7.70	6.98	6.70
Inventory Turnover	0.00	0.00	11.55	0.00	0.00	18.60	17.83	19.18	21.43	16.02	10.43
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.32	0.30	0.00	0.00	0.32	0.30
Accounts Payable Turnover	0.00	0.00	4.53	0.00	0.00	3.88	3.55	3.36	3.63	3.55	3.19
Days Sales Outstanding (DSO)	0.00	0.00	38.77	24.69	29.63	50.10	53.27	53.03	47.42	52.29	54.44
Days Inventory Outstanding (DIO)	0.00	0.00	31.59	0.00	0.00	19.63	20.47	19.03	17.03	22.78	34.98
Days Payable Outstanding (DPO)	0.00	0.00	80.64	0.00	0.00	94.00	102.87	108.63	100.44	102.90	114.47
Cash Conversion Cycle (CCC)	0.00	0.00	-10.29	24.69	29.63	-24.27	-29.13	-36.57	-35.99	-27.83	-25.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,359	18,799	19,727	1,331	23,791	25,548	28,771	31,009	32,753	37,951	39,566
Invested Capital Turnover	2.25	0.72	0.40	0.74	0.67	0.35	0.33	0.33	0.39	0.34	0.31
Increase / (Decrease) in Invested Capital	-160	15,440	928	-18,396	22,460	1,757	3,223	2,238	1,745	5,198	1,615
Enterprise Value (EV)	11,960	20,979	23,232	15,987	29,915	37,107	41,433	45,402	45,572	44,440	47,734
Market Capitalization	12,475	12,329	14,048	16,573	17,611	24,189	26,725	28,994	27,246	20,923	21,389
Book Value per Share	$0.95	$32.62	$33.13	($0.98)	$35.57	$38.30	$40.31	$41.73	$43.67	$39.89	$40.38
Tangible Book Value per Share	($10.16)	$21.53	$22.24	($14.67)	$21.86	$24.87	$27.57	$28.93	$30.90	$27.13	$30.79
Total Capital	0.00	19,542	20,471	-318	24,781	26,884	30,441	32,972	36,716	38,743	41,900
Total Debt	0.00	9,034	9,603	0.00	13,138	14,098	16,222	18,217	21,087	24,413	26,705
Total Long-Term Debt	0.00	8,806	8,829	0.00	12,249	13,771	15,126	17,024	19,724	23,589	25,702
Net Debt	-515	8,494	9,028	-585	12,149	12,762	14,552	16,253	18,170	23,361	26,189
Capital Expenditures (CapEx)	1,604	1,724	1,977	2,348	2,376	2,911	2,832	3,175	3,442	3,246	3,618
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-160	-166	-417	201	-1,039	-879	-795	-1,451	-1,587	-1,322	-668
Debt-free Net Working Capital (DFNWC)	-160	-142	-387	201	-931	-864	-688	-1,384	-1,213	-1,269	-642
Net Working Capital (NWC)	-160	-371	-1,161	201	-1,821	-1,191	-1,785	-2,577	-2,576	-2,093	-1,645
Net Nonoperating Expense (NNE)	215	210	212	198	290	308	334	329	251	2,114	767
Net Nonoperating Obligations (NNO)	3,359	8,291	8,860	1,649	12,149	12,762	14,552	16,253	17,125	23,622	24,371
Total Depreciation and Amortization (D&A)	625	688	715	864	1,072	1,081	1,159	1,335	1,643	816	1,776
Debt-free, Cash-free Net Working Capital to Revenue	-2.07%	-2.09%	-5.46%	2.60%	-12.30%	-10.31%	-8.93%	-14.71%	-12.92%	-11.10%	-5.62%
Debt-free Net Working Capital to Revenue	-2.07%	-1.79%	-5.07%	2.60%	-11.02%	-10.13%	-7.73%	-14.03%	-9.87%	-10.65%	-5.39%
Net Working Capital to Revenue	-2.07%	-4.66%	-15.20%	2.60%	-21.55%	-13.97%	-20.04%	-26.13%	-20.96%	-17.58%	-13.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.59	$2.77	$2.97	$3.11	$3.25	$2.83	$3.56	$3.55	$4.05	($1.27)	$2.27
Adjusted Weighted Average Basic Shares Outstanding	316.14M	317.34M	317.65M	317.41M	317.37M	321.42M	338.84M	343.97M	346.78M	349.58M	357.48M
Adjusted Diluted Earnings per Share	$2.58	$2.76	$2.96	$3.11	$3.25	$2.81	$3.55	$3.54	$4.05	($1.26)	$2.27
Adjusted Weighted Average Diluted Shares Outstanding	317.42M	318.43M	318.45M	318.03M	319M	324.80M	339.85M	344.63M	347.25M	349.84M	357.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	317.20M	317.19M	323.36M	322.92M	323.02M	342.02M	355.07M	356.51M	360.55M	361.76M	372.82M
Normalized Net Operating Profit after Tax (NOPAT)	1,043	1,096	1,162	1,194	1,330	1,410	1,547	1,557	1,664	1,680	1,586
Normalized NOPAT Margin	13.47%	13.78%	15.21%	15.40%	15.75%	16.53%	17.37%	15.79%	13.54%	14.10%	13.33%
Pre Tax Income Margin	16.73%	17.93%	19.70%	20.31%	15.74%	13.96%	17.51%	15.94%	15.18%	-2.31%	10.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.51	4.83	4.75	4.73	3.67	3.23	3.90	3.70	3.75	3.21	2.54
NOPAT to Interest Expense	2.88	2.94	2.90	2.83	2.67	2.30	2.87	2.67	2.45	1.96	1.43
EBIT Less CapEx to Interest Expense	0.08	0.20	-0.18	-0.83	-1.10	-2.23	-1.37	-1.75	-1.32	-0.58	-0.72
NOPAT Less CapEx to Interest Expense	-1.55	-1.69	-2.03	-2.74	-2.10	-3.16	-2.39	-2.78	-2.62	-1.83	-1.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.37%	60.64%	60.22%	61.23%	62.24%	73.18%	62.03%	66.20%	61.42%	-213.13%	123.17%
Augmented Payout Ratio	58.37%	60.64%	60.22%	61.23%	62.24%	73.18%	62.03%	66.20%	61.42%	-213.13%	123.17%

This table displays calculated financial ratios and metrics derived from Eversource Energy's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.07%	9.34%	2.20%	-13.19%	-11.07%	-12.20%	-3.64%	9.73%	10.29%	23.58%	12.02%
EBITDA Growth	10.24%	-14.71%	-17.17%	-25.02%	-1.73%	18.52%	26.57%	67.88%	9.87%	45.44%	30.77%
EBIT Growth	20.33%	14.15%	19.31%	-5.79%	4.99%	11.74%	9.50%	18.91%	-31.72%	8.72%	5.66%
NOPAT Growth	-3.11%	12.99%	-40.24%	12.05%	-0.89%	12.51%	121.54%	-8.35%	-56.09%	10.47%	11.06%
Net Income Growth	4.36%	10.71%	-94.11%	-2.77%	-499.52%	6.22%	1,849.03%	-134.02%	105.78%	5.53%	5.16%
EPS Growth	4.49%	10.16%	-95.24%	-3.00%	-495.70%	5.67%	2,275.00%	-134.02%	104.35%	0.67%	1.05%
Operating Cash Flow Growth	61.05%	-81.41%	23.04%	-38.39%	-33.04%	321.23%	16.02%	6.46%	34.62%	257.21%	57.64%
Free Cash Flow Firm Growth	26.24%	18.03%	46.18%	52.51%	-256.03%	-53.15%	-133.67%	-398.54%	69.98%	37.54%	49.17%
Invested Capital Growth	5.63%	8.21%	6.86%	5.05%	15.87%	10.94%	14.93%	18.62%	4.25%	6.97%	7.27%
Revenue Q/Q Growth	-5.78%	25.28%	-30.73%	6.17%	-3.48%	23.69%	-23.98%	20.91%	-2.99%	38.60%	-31.09%
EBITDA Q/Q Growth	-10.25%	12.98%	-29.60%	5.03%	17.62%	36.27%	-24.82%	39.32%	-23.02%	80.39%	-32.40%
EBIT Q/Q Growth	-5.26%	36.78%	-21.83%	-7.00%	5.57%	45.58%	-23.40%	1.00%	-39.38%	131.82%	-25.55%
NOPAT Q/Q Growth	-5.50%	45.46%	-64.20%	127.71%	-16.41%	65.13%	-29.51%	-5.80%	-59.96%	315.46%	-29.13%
Net Income Q/Q Growth	-8.33%	53.10%	-96.49%	1,874.01%	-476.70%	140.71%	-35.61%	-134.45%	164.04%	642.83%	-35.84%
EPS Q/Q Growth	-7.00%	51.61%	-97.16%	2,325.00%	-479.38%	140.49%	-36.24%	-134.74%	148.48%	837.50%	-36.00%
Operating Cash Flow Q/Q Growth	-15.90%	-90.29%	735.95%	-9.73%	-8.60%	-38.93%	130.24%	-17.17%	15.58%	62.05%	1.61%
Free Cash Flow Firm Q/Q Growth	48.56%	-50.60%	-2.92%	40.44%	-285.62%	35.22%	-57.04%	-27.08%	76.78%	-34.79%	-27.79%
Invested Capital Q/Q Growth	-3.56%	4.90%	4.22%	-0.37%	6.38%	0.44%	7.96%	2.83%	-6.50%	3.06%	8.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.18%	37.88%	39.59%	40.20%	46.24%	49.02%	48.46%	53.37%	55.71%	55.62%	54.68%
EBITDA Margin	31.42%	28.33%	28.79%	28.49%	34.72%	38.25%	37.82%	43.58%	34.58%	45.01%	44.15%
Operating Margin	17.24%	19.75%	21.32%	19.01%	20.73%	25.39%	23.78%	19.99%	11.71%	22.49%	23.36%
EBIT Margin	20.24%	22.09%	24.93%	21.84%	23.89%	28.12%	28.33%	23.67%	14.79%	24.74%	26.72%
Profit (Net Income) Margin	10.63%	12.99%	0.66%	12.24%	-47.75%	15.72%	13.31%	-3.79%	2.50%	13.42%	12.49%
Tax Burden Percent	75.54%	76.56%	36.64%	88.16%	95.05%	76.32%	75.53%	293.08%	49.35%	76.99%	76.22%
Interest Burden Percent	69.54%	76.80%	7.20%	63.54%	-210.32%	73.24%	62.20%	-5.47%	34.31%	70.47%	61.34%
Effective Tax Rate	24.46%	23.44%	63.36%	11.84%	0.00%	23.68%	24.47%	0.00%	50.65%	23.01%	23.78%
Return on Invested Capital (ROIC)	5.02%	5.77%	2.86%	5.89%	4.89%	6.12%	5.30%	4.17%	1.77%	5.57%	5.42%
ROIC Less NNEP Spread (ROIC-NNEP)	4.59%	5.31%	1.88%	5.24%	-3.35%	5.54%	4.79%	1.85%	1.37%	4.91%	4.87%
Return on Net Nonoperating Assets (RNNOA)	5.04%	6.05%	2.33%	6.42%	-4.55%	7.58%	7.22%	2.80%	2.22%	7.92%	8.62%
Return on Equity (ROE)	10.06%	11.82%	5.19%	12.32%	0.34%	13.70%	12.52%	6.97%	4.00%	13.49%	14.05%
Cash Return on Invested Capital (CROIC)	-0.25%	-2.66%	-1.49%	0.37%	-9.95%	-5.55%	-17.22%	-12.33%	-0.07%	-2.54%	-3.02%
Operating Return on Assets (OROA)	4.89%	5.39%	6.05%	4.96%	5.23%	5.78%	5.70%	4.79%	3.06%	5.34%	5.82%
Return on Assets (ROA)	2.57%	3.17%	0.16%	2.78%	-10.45%	3.23%	2.68%	-0.77%	0.52%	2.90%	2.72%
Return on Common Equity (ROCE)	9.95%	11.70%	5.13%	12.19%	0.34%	13.56%	12.40%	6.90%	3.96%	13.35%	13.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.27%	7.61%	7.48%	0.00%	-2.78%	-0.57%	-3.60%	0.00%	5.53%	0.00%
Net Operating Profit after Tax (NOPAT)	395	574	205	468	391	646	455	429	172	713	505
NOPAT Margin	13.02%	15.12%	7.81%	16.76%	14.51%	19.37%	17.96%	13.99%	5.78%	17.32%	17.81%
Net Nonoperating Expense Percent (NNEP)	0.43%	0.46%	0.98%	0.66%	8.23%	0.58%	0.51%	2.32%	0.41%	0.66%	0.55%
Return On Investment Capital (ROIC_SIMPLE)	1.08%	-	-	-	1.01%	-	-	-	0.41%	1.66%	1.15%
Cost of Revenue to Revenue	58.82%	62.12%	60.41%	59.80%	53.76%	50.98%	51.54%	46.63%	44.29%	44.38%	45.32%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.94%	18.13%	18.27%	21.19%	25.51%	23.64%	24.68%	33.38%	44.01%	33.12%	31.31%
Earnings before Interest and Taxes (EBIT)	613	839	656	610	644	937	718	725	439	1,019	758
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	952	1,075	757	795	935	1,275	958	1,335	1,028	1,854	1,253
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.67	1.55	1.26	1.48	1.44	1.37	1.64	1.42	1.51	1.52
Price to Tangible Book Value (P/TBV)	2.49	2.34	2.18	1.77	2.17	2.10	1.98	2.35	1.87	1.97	1.96
Price to Revenue (P/Rev)	2.22	2.08	1.90	1.61	1.76	1.83	1.79	2.13	1.80	1.83	1.83
Price to Earnings (P/E)	19.39	18.09	20.45	16.92	0.00	0.00	0.00	0.00	26.35	27.55	27.69
Dividend Yield	3.32%	3.49%	3.87%	4.79%	4.59%	4.64%	4.90%	4.14%	4.98%	4.67%	4.61%
Earnings Yield	5.16%	5.53%	4.89%	5.91%	0.00%	0.00%	0.00%	0.00%	3.79%	3.63%	3.61%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.34	1.27	1.15	1.17	1.20	1.13	1.22	1.21	1.24	1.16
Enterprise Value to Revenue (EV/Rev)	3.71	3.65	3.59	3.34	3.73	3.99	4.08	4.45	4.01	3.98	3.96
Enterprise Value to EBITDA (EV/EBITDA)	10.88	11.49	11.83	11.44	12.47	12.13	11.69	11.48	10.39	9.75	9.40
Enterprise Value to EBIT (EV/EBIT)	17.91	17.36	16.52	15.08	16.18	16.04	15.93	17.10	16.93	17.40	17.48
Enterprise Value to NOPAT (EV/NOPAT)	27.39	26.58	25.51	22.22	26.46	26.13	0.00	28.19	30.09	30.50	30.15
Enterprise Value to Operating Cash Flow (EV/OCF)	18.98	21.91	20.61	21.77	27.00	24.43	23.62	25.92	22.10	17.35	15.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	317.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.35	1.40	1.52	1.53	1.70	1.76	1.81	1.80	1.76	1.78	1.78
Long-Term Debt to Equity	1.26	1.29	1.39	1.39	1.65	1.70	1.73	1.71	1.69	1.69	1.66
Financial Leverage	1.10	1.14	1.24	1.23	1.36	1.37	1.51	1.51	1.63	1.61	1.77
Leverage Ratio	3.35	3.35	3.38	3.45	3.63	3.64	3.68	3.70	3.90	3.89	3.87
Compound Leverage Factor	2.33	2.57	0.24	2.19	-7.64	2.67	2.29	-0.20	1.34	2.74	2.38
Debt to Total Capital	57.43%	58.28%	60.32%	60.44%	63.01%	63.74%	64.46%	64.33%	63.74%	64.04%	64.03%
Short-Term Debt to Total Capital	3.71%	4.35%	5.32%	5.28%	2.13%	2.24%	3.15%	3.39%	2.39%	3.13%	4.43%
Long-Term Debt to Total Capital	53.72%	53.93%	55.00%	55.16%	60.89%	61.50%	61.31%	60.95%	61.34%	60.91%	59.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.42%	0.41%	0.39%	0.39%	0.40%	0.38%	0.37%	0.37%	0.37%	0.36%	0.35%
Common Equity to Total Capital	42.14%	41.31%	39.29%	39.17%	36.58%	35.88%	35.17%	35.30%	35.89%	35.60%	35.62%
Debt to EBITDA	5.04	5.55	6.21	6.76	6.85	6.87	6.85	6.09	5.81	5.33	5.15
Net Debt to EBITDA	4.34	4.89	5.53	5.89	6.56	6.51	6.52	5.95	5.70	5.25	5.03
Long-Term Debt to EBITDA	4.71	5.14	5.66	6.17	6.62	6.63	6.52	5.77	5.59	5.07	4.79
Debt to NOPAT	12.67	12.85	13.39	13.13	14.54	14.79	-21.18	14.95	16.83	16.67	16.52
Net Debt to NOPAT	10.92	11.30	11.94	11.43	13.91	14.03	-20.16	14.62	16.51	16.41	16.13
Long-Term Debt to NOPAT	11.85	11.89	12.21	11.98	14.04	14.27	-20.15	14.16	16.20	15.86	15.37
Altman Z-Score	0.79	0.80	0.74	0.62	0.62	0.63	0.59	0.66	0.57	0.64	0.63
Noncontrolling Interest Sharing Ratio	1.02%	1.01%	1.01%	0.99%	1.04%	1.02%	1.01%	1.00%	1.05%	1.03%	1.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.62	0.65	0.64	0.56	0.67	0.77	0.75	0.86	0.76	0.75	0.71
Quick Ratio	0.31	0.30	0.27	0.24	0.27	0.32	0.27	0.33	0.29	0.33	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,350	-2,033	-2,093	-1,247	-4,807	-3,114	-4,890	-6,215	-1,443	-1,945	-2,486
Operating Cash Flow to CapEx	65.41%	7.08%	54.42%	48.05%	395.63%	25.34%	62.60%	51.88%	54.02%	103.30%	101.47%
Free Cash Flow to Firm to Interest Expense	-7.23	-10.45	-10.10	-5.61	-20.78	-12.42	-18.02	-20.68	-5.00	-6.47	-8.48
Operating Cash Flow to Interest Expense	3.81	0.36	2.79	2.35	2.06	1.16	2.47	1.85	2.22	3.46	3.61
Operating Cash Flow Less CapEx to Interest Expense	-2.02	-4.67	-2.34	-2.54	1.54	-3.42	-1.48	-1.71	-1.89	0.11	0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.24	0.23	0.22	0.21	0.20	0.20	0.21	0.22	0.22
Accounts Receivable Turnover	7.70	7.13	8.34	7.57	6.98	6.25	7.13	6.97	6.70	6.58	7.28
Inventory Turnover	21.43	20.76	22.66	19.26	16.02	13.09	13.05	11.65	10.43	10.14	10.83
Fixed Asset Turnover	0.00	0.36	0.35	0.33	0.32	0.30	0.29	0.29	0.30	0.31	0.31
Accounts Payable Turnover	3.63	4.45	5.21	4.77	3.55	3.68	3.70	3.67	3.19	3.73	3.58
Days Sales Outstanding (DSO)	47.42	51.19	43.74	48.24	52.29	58.44	51.18	52.34	54.44	55.45	50.11
Days Inventory Outstanding (DIO)	17.03	17.58	16.11	18.95	22.78	27.88	27.97	31.34	34.98	36.01	33.69
Days Payable Outstanding (DPO)	100.44	82.06	69.99	76.52	102.90	99.31	98.64	99.43	114.47	97.88	101.94
Cash Conversion Cycle (CCC)	-35.99	-13.29	-10.14	-9.33	-27.83	-12.99	-19.50	-15.74	-25.05	-6.42	-18.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	32,753	34,357	35,807	35,675	37,951	38,117	41,152	42,319	39,566	40,776	44,143
Invested Capital Turnover	0.39	0.38	0.37	0.35	0.34	0.32	0.30	0.30	0.31	0.32	0.30
Increase / (Decrease) in Invested Capital	1,745	2,607	2,298	1,714	5,198	3,760	5,346	6,643	1,615	2,658	2,991
Enterprise Value (EV)	45,572	45,979	45,487	40,959	44,440	45,649	46,324	51,697	47,734	50,475	51,416
Market Capitalization	27,246	26,273	24,051	19,731	20,923	20,991	20,319	24,731	21,389	23,156	23,757
Book Value per Share	$43.67	$44.42	$43.83	$44.17	$39.89	$41.47	$41.36	$41.40	$40.38	$41.15	$41.95
Tangible Book Value per Share	$30.90	$31.67	$31.09	$31.41	$27.13	$28.55	$28.71	$28.94	$30.79	$31.57	$32.39
Total Capital	36,716	38,126	39,587	40,044	38,743	40,538	42,139	42,614	41,900	43,096	43,985
Total Debt	21,087	22,221	23,878	24,202	24,413	25,838	27,164	27,414	26,705	27,599	28,163
Total Long-Term Debt	19,724	20,563	21,772	22,087	23,589	24,930	25,836	25,971	25,702	26,249	26,213
Net Debt	18,170	19,550	21,281	21,072	23,361	24,503	25,850	26,810	26,189	27,164	27,503
Capital Expenditures (CapEx)	1,089	977	1,062	1,086	121	1,149	1,071	1,071	1,189	1,007	1,042
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,587	-646	-9.53	-1,074	-1,322	-837	-286	558	-668	-366	-370
Debt-free Net Working Capital (DFNWC)	-1,213	-610	33	-995	-1,269	-578	-252	656	-642	-255	-26
Net Working Capital (NWC)	-2,576	-2,269	-2,073	-3,111	-2,093	-1,487	-1,581	-787	-1,645	-1,605	-1,976
Net Nonoperating Expense (NNE)	72	81	188	126	1,678	122	118	545	97	161	151
Net Nonoperating Obligations (NNO)	17,125	18,453	20,097	19,834	23,622	23,418	26,178	27,119	24,371	25,279	28,322
Total Depreciation and Amortization (D&A)	339	237	102	186	292	338	240	610	588	835	495
Debt-free, Cash-free Net Working Capital to Revenue	-12.92%	-5.12%	-0.08%	-8.77%	-11.10%	-7.31%	-2.52%	4.80%	-5.62%	-2.89%	-2.84%
Debt-free Net Working Capital to Revenue	-9.87%	-4.84%	0.26%	-8.13%	-10.65%	-5.05%	-2.22%	5.64%	-5.39%	-2.01%	-0.20%
Net Working Capital to Revenue	-20.96%	-17.99%	-16.36%	-25.40%	-17.58%	-12.99%	-13.92%	-6.77%	-13.82%	-12.65%	-15.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$1.41	$0.04	$0.97	($3.69)	$1.49	$0.95	($0.33)	$0.16	$1.50	$0.96
Adjusted Weighted Average Basic Shares Outstanding	346.78M	349.22M	349.46M	349.70M	349.58M	350.72M	353.21M	359.52M	357.48M	367.32M	368.66M
Adjusted Diluted Earnings per Share	$0.93	$1.41	$0.04	$0.97	($3.68)	$1.49	$0.95	($0.33)	$0.16	$1.50	$0.96
Adjusted Weighted Average Diluted Shares Outstanding	347.25M	349.61M	349.73M	349.85M	349.84M	351.00M	353.42M	359.82M	357.78M	367.68M	368.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	360.55M	360.91M	361.16M	361.40M	361.76M	364.33M	369.46M	372.44M	372.82M	373.42M	377.15M
Normalized Net Operating Profit after Tax (NOPAT)	395	574	392	468	391	646	455	429	243	713	505
Normalized NOPAT Margin	13.02%	15.12%	14.93%	16.76%	14.51%	19.37%	17.96%	13.99%	8.19%	17.32%	17.81%
Pre Tax Income Margin	14.07%	16.97%	1.80%	13.88%	-50.24%	20.59%	17.62%	-1.29%	5.07%	17.43%	16.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.28	4.31	3.16	2.74	2.78	3.74	2.65	2.41	1.52	3.39	2.59
NOPAT to Interest Expense	2.11	2.95	0.99	2.10	1.69	2.57	1.68	1.43	0.59	2.37	1.72
EBIT Less CapEx to Interest Expense	-2.55	-0.71	-1.96	-2.14	2.26	-0.85	-1.30	-1.15	-2.60	0.04	-0.97
NOPAT Less CapEx to Interest Expense	-3.72	-2.07	-4.13	-2.78	1.17	-2.01	-2.27	-2.14	-3.52	-0.98	-1.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	61.42%	60.48%	75.91%	77.76%	-213.13%	-233.12%	-1,139.50%	-181.39%	123.17%	121.97%	122.35%
Augmented Payout Ratio	61.42%	60.48%	75.91%	77.76%	-213.13%	-233.12%	-1,139.50%	-181.39%	123.17%	121.97%	122.35%

Key Financial Trends

Over the last four years, Eversource Energy (NYSE: ES) has demonstrated a generally stable financial profile with some fluctuations in profitability linked to operating expenses, acquisitions, and market conditions.

Revenue and Profitability:

Operating revenues grew from about $2.62 billion in Q2 2023 to $2.84 billion in Q2 2025, indicating steady growth.
Net income from continuing operations improved significantly quarter-over-quarter in 2025, showing a resilient profit base with $354.6 million in Q2 2025.
Earnings per share (diluted) for Q2 2025 stood at $0.96, reflecting solid profitability relative to share count, with a general upward trend from previous years.
Interest expense remains substantial, hovering around $290 million in recent quarters, reflecting high leverage but manageable given operating income.
Volatility appears in other income/expense lines with large swings, including a significant negative adjustment in Q4 2023 resulting in a net loss that quarter.

Operating Expenses and Cash Flows:

Depreciation and amortization expenses represent a consistent and sizable portion of operating expenses, reflecting heavy infrastructure assets.
Operating cash flows have remained strong and stable, with over $1 billion generated in Q2 2025 and Q1 2025, indicating healthy core operations.
Capital expenditures remain high, consistently exceeding $1 billion per quarter, pressuring free cash flow but supporting growth and maintenance.

Balance Sheet and Capital Structure:

Total assets steadily increased from roughly $53 billion in 2022 to $61 billion by mid-2025, showing growth from investments and acquisitions.
Long-term debt remains high, growing from about $19.7 billion in late 2022 to over $26 billion by Q2 2025, increasing leverage risks and interest costs.
Common equity has increased over time to $15.7 billion in Q2 2025, providing a solid equity base but reflecting incremental issuance.
Liquidity levels have fluctuated moderately, with cash & equivalents generally under $400 million, which is low relative to debt but typical for utilities.

Summary and Trends:

Eversource’s operating cash flow strength and steady revenue growth support ongoing operations and investments.
Consistent dividend payments per share (rising modestly to $0.7525 in Q2 2025) reinforce shareholder returns and confidence.
High long-term debt and increasing debt levels increase financial risk and pressure interest expenses.
Significant volatility in quarterly net income due to impairments or other non-operating items suggests risk in earnings quality.
Capital expenditures remain elevated, reflecting utility infrastructure needs but limiting near-term free cash flow.

Overall, Eversource Energy shows solid operating performance with stable cash flows and profitability improvement in 2025, balanced against leverage concerns and earnings volatility. Investors should consider the company’s strong infrastructure investment profile alongside its debt levels when assessing its long-term financial health.

08/09/25 09:51 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Eversource Energy's Financials

When does Eversource Energy's financial year end?

According to the most recent income statement we have on file, Eversource Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Eversource Energy's net income changed over the last 10 years?

Eversource Energy's net income appears to be on a downward trend, with a most recent value of $819.17 million in 2024, falling from $827.07 million in 2014. The previous period was -$434.72 million in 2023. Check out Eversource Energy's forecast to explore projected trends and price targets.

What is Eversource Energy's operating income?

Eversource Energy's total operating income in 2024 was $2.41 billion, based on the following breakdown:

Total Gross Profit: $6.15 billion
Total Operating Expenses: $3.74 billion

How has Eversource Energy's revenue changed over the last 10 years?

Over the last 10 years, Eversource Energy's total revenue changed from $7.74 billion in 2014 to $11.90 billion in 2024, a change of 53.7%.

How much debt does Eversource Energy have?

Eversource Energy's total liabilities were at $44.40 billion at the end of 2024, a 7.5% increase from 2023, and a 27,599.9% increase since 2014.

How much cash does Eversource Energy have?

In the past 10 years, Eversource Energy's cash and equivalents has ranged from $0.00 in 2014 to $374.60 million in 2022, and is currently $26.66 million as of their latest financial filing in 2024.

How has Eversource Energy's book value per share changed over the last 10 years?

Over the last 10 years, Eversource Energy's book value per share changed from 0.95 in 2014 to 40.38 in 2024, a change of 4,157.8%.

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This page (NYSE:ES) was last updated on 8/9/2025 by MarketBeat.com Staff

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