Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast US. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020).
It is a $24.8B utility company. Revenue grew 7.8% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~89.8 years of free cash flow. It trades at 17.1× earnings — around the middle of its own history.
- Website
- eversource.com
- Location
- Springfield, MA
- Employees
- 10 731
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Health and Moat lag behind.
Valuation62
- P/E vs own history43th pct · 12/25
- FCF yield1.2% · 5/25
- P/S1.8x · 25/25
- EV/EBITDA12.6x · 20/25
Growth44
- Revenue CAGR8.3% · 12/25
- Net income CAGR4.4% · 6/25
- EPS CAGR ~5Y1.8% · 6/25
- Fwd implied growth24.8% · 20/25
Profitability57
- ROIC3.4% · 5/25
- ROE8.8% · 12/25
- Net margin10.2% · 20/25
- Operating margin18.1% · 20/25
Health21
- Altman Zn/a · 0/25
- Current ratio0.80 · 6/25
- Interest coverage2.7x · 10/25
- Net cash / debtD/A 42% · 5/25
Quality73
- Piotroski F5/9 · 15/25
- Beneish M-2.67 · 25/25
- FCF conversion21% · 8/25
- Margin stabilityσ 2.4% · 25/25
Moat5
- ROIC >12% years0/9 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years1/10 yrs · 0/25
- Worst-year net marginworst -3.6% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.45B net income
- FY2022FinancialRevenue crossed $10B$12.3B for the year
- 2017AcquisitionEversource announced its merger with Aquarion Water Company for $1.675 billion
- FY2016FinancialFirst recorded profitable year$950M net income
- FY2016FinancialRevenue already above $1B$7.64B in first reported year
- Feb 2, 2015MilestoneThis company and all its subsidiaries rebranded themselves as "Eversource Energy"
- 2012AcquisitionFollowing its 2012 merger with Boston-based NSTAR, Northeast Utilities had more than 4,270 circuit miles of electric…
- 2001AcquisitionHowever, Con Edison backed out of the merger in 2001 after Connecticut's Attorney General Richard Blumenthal…
- 1999ProductCon Edison and Northeast Utilities entered negotiations that would have created one of the largest…
- 1926MilestonePublic Service Company of New Hampshire (PSNH, formed in 1926), a private company at the time, declared bankruptcy…
- 1917MilestoneHenry Roraback, became the Connecticut Light and Power Company in 1917
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
No standout strengths in the available data.
Watch-outs
- Loss-making in 1 of the recent years
- Net debt equals ~89.8 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+7.8% YoY
- Profitable — makes more than it spends$1.43B TTM
- Profit growing — earnings are higher than last year+4.0% YoY
- Generates cash — cash left after running and investing$298M TTM
- Debt under control — could handle its obligations~89.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$24.8B market cap
- Not printing shares — share count not ballooning — you keep your slice+9.2% shares over ~5y
- Proven track record — years of profitability behind it9/10 profitable years
- Financially stable — balance sheet not near distresshealth score 16/100
- Pays a dividend — returns cash to shareholdersyield 4.60%
- Valuation not extreme — price not wildly above earningsP/E 17.1
Peer comparisonEversource Energy vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ES this company | $24.8B | 17.1 | +7.8% | 10.2% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ES
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ES on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $65.73 · market cap $24.8B.