— Know what they know.
/
Not Investment Advice

ES

NYSE · USD
Eversource Energy
Utilities · Regulated Electric
CEO Joseph R. Nolan Jr. Employees 10,731 R&D / revenue 0.0%
Last price
$66.85+1.30%last session
Market cap
$25.2B
P/E (TTM)
17.3x
From 52w high
−12.7%
From 52w low
+6.6%
1-year return
−5.3%
RSI 14 · vs SMA200
53.0 · −4.0%
IS score
42.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

ES   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116ES 95XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
34
Profitability
62
Growth
58
Value
90
Momentum
15
Risk (safety)
62
Quality
27
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Insider buying✓ Congress buying
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: None, Cost AdvantagePiotroski 7 / 9Altman Z 0.8Beta 0.704 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.05M bought
Form 144 notices (12m): 11, $4.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+56
155 new holders, 85 closed
1,119 filers hold 87.7% · 476 added, 319 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+226
1,063 funds adding shares
837 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
55.2%
20-day avg 53.2%, 50-day avg 60.8%
Latest 2.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$13.5B
Revenue growth YoY+13.8%
Gross margin30.1%
Operating income$3.0B
Operating margin22.1%
Net income$1.7B
Net margin12.5%
EPS (diluted)$4.56
Cash flow
Operating cash flow$4.1B
Capital expenditure$4.2B
Free cash flow−$45.1M
FCF conversion (FCF / OCF)-1.1%
Stock-based compensation$0
FCF less SBC−$45.1M
Buybacks$0
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$135.4M
Total debt$30.2B
Net debt$30.1B
Shareholders' equity$16.4B
Goodwill & intangibles$4.2B
Debt / equity1.82
ROE (TTM)8.9%
ROIC (TTM)4.9%
Operating margin by fiscal year
20.2%FY202117.9%FY202220.1%FY202322.7%FY202422.1%FY2025
Revenue $9.9B (FY2021) to $13.5B (FY2025), a 8.3% CAGR.

Valuation

P/E (TTM)17.3x
EV / EBITDA9.8x
Price / sales1.80x
Price / FCF84.6x
FCF yield1.18%
Buyback yield0.00%
SBC / revenue0.0%
Price / book1.54x
Forward P/E FY202614.4x
Forward P/E FY202713.6x
Forward P/E FY202812.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $74.00 across 1 analysts last quarter is theirs, not ours.

ES vs industry median

139 companies in Regulated Electric
Gross margin 35.2% 39.0% Operating margin 22.3% 19.1% Net margin 10.4% 13.0% ROIC 4.9% 5.7%
ES (TTM)Industry median Asset turnover 0.22 vs industry 0.24 · financial leverage 3.88

Earnings delivery

Next report 2026-11-04 · consensus EPS $1.00
50%
beat rate, 6 of 12 quarters
+0.1%
median EPS surprise
4
longest beat streak
-1-2+2-1-131+1-1+1+3+2+6-0
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-06 to 2026-07-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
ES Eversource Energy $25.2B17.3x8.9%10.4%+13.8% −5.3%
PPL PPL Corporation $26.5B27.6x8.6%10.9%+6.7% −2.7%
CNP CenterPoint Energy, Inc. $26.7B23.9x9.8%11.3%+7.1% +2.8%
FE FirstEnergy Corp. $26.7B24.6x8.4%7.9%+12.6% −0.3%
DTE DTE Energy Company $27.0B20.4x11.1%8.5%+14.4% −7.5%
DTY DTE Energy Company $22.7B3.5x12.2%8.8%+25.4% —
AEE Ameren Corporation $29.4B18.5x12.0%15.0%+3.8% —
CMS CMS Energy Corporation $21.5B20.3x11.3%6.6%+9.9% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

2026-07-01Earnings Release; Other Events; Exhibits
2026-02-26Creation of Direct Financial Obligation; Financial Statements and Exhibits
2025-12-05Departure/Election of Directors; Appointment of Officers; Financial Statements and Exhibits
2025-11-24Other Events; Financial Statements and Exhibits
2025-10-17Creation of Direct Financial Obligation; Financial Statements and Exhibits
2025-10-14Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits

Context

Shares outstanding376,674,754
Free float99.8%
Institutional ownership87.7%
Beta0.70
Dividend yield4.66%
Last dividend$0.79 on 2026-09-21
50 / 200-day average$68.54 / $70.08
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where ES sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureESIndustry medianIndustry percentileSector median
P/E (TTM) 17.4x 19.6x
34th		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) 3.81 1.94
77th		 2.20
Price / sales 1.8x 2.4x
43rd		 2.4x
Price / book 1.5x 1.8x
34th		 1.9x
Price / tangible book 2.1x 2.0x
61st		 2.1x
Price / free cash flow 84.6x 13.7x
95th		 34.3x
Price / operating cash flow 5.7x 9.1x
26th		 9.2x
Enterprise value $53.2B $51.2B
55th		 $25.7B
EV / sales 3.8x 3.9x
45th		 4.5x
EV / EBITDA 9.8x 11.6x
39th		 11.9x
EV / EBIT 17.0x 19.5x
36th		 19.6x
EV / free cash flow 178.6x 25.9x
95th		 35.3x
Earnings yield 5.8% 5.1%
66th		 4.8%
FCF yield 1.2% -1.8%
59th		 -4.2%
Operating cash flow yield 17.6% 10.7%
77th		 10.3%
Graham number (per share) $61.23 $56.02
66th		 $48.77

Profitability (TTM)

MeasureESIndustry medianIndustry percentileSector median
Gross margin 35.2% 43.4%
16th		 43.4%
EBITDA margin 38.7% 40.2%
43rd		 38.7%
Operating margin 22.3% 22.2%
57th		 20.9%
EBIT margin 22.4% 23.8%
41st		 23.2%
Net margin 10.4% 13.5%
23rd		 12.4%
NOPAT margin 20.3% 19.3%
61st		 18.1%
FCF margin 2.1% -5.6%
59th		 -7.6%
Operating cash flow margin 31.6% 29.1%
61st		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 3.8%
0th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate 9.2% 13.7%
30th		 18.4%

Returns on capital

MeasureESIndustry medianIndustry percentileSector median
ROE (on average equity) 9.1% 10.5%
20th		 9.5%
ROA 2.3% 2.7%
23rd		 2.6%
ROIC 6.4% 5.5%
82nd		 5.5%
ROCE 5.7% 5.3%
77th		 5.1%
Return on tangible assets 5.0% 4.9%
61st		 4.7%
Cash ROIC (OCF / invested capital) 10.0% 8.6%
77th		 8.0%
Gross profitability (GP / assets) 7.8% 9.1%
32nd		 8.6%
ROIC, 3-yr average 2.6% 4.4%
2nd		 4.2%
ROIC, 5-yr average 3.2% 4.3%
7th		 4.2%
ROE, 5-yr average 6.0% 10.7%
2nd		 9.1%
Incremental ROIC 293.3% 21.9%
100th		 20.6%

Growth

MeasureESIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.8% 8.0%
45th		 7.2%
Revenue growth (QoQ) -35.5% -16.9%
2nd		 -16.9%
Revenue CAGR, 3 yr 3.4% 2.8%
64th		 3.0%
Revenue CAGR, 5 yr 8.0% 5.6%
83rd		 6.3%
Gross profit CAGR, 3 yr -1.1% 8.0%
11th		 7.9%
Operating income CAGR, 3 yr 9.4% 10.5%
48th		 9.4%
Net income growth (TTM YoY) 68.9% 8.5%
98th		 8.6%
Net income CAGR, 3 yr 7.2% 9.5%
36th		 8.8%
EPS growth (TTM YoY) 65.3% 2.3%
98th		 4.2%
EPS CAGR, 3 yr 4.6% 6.6%
41st		 6.6%
EPS CAGR, 5 yr 1.2% 4.1%
22nd		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 26.2% 17.7%
81st		 12.7%
Book value CAGR, 3 yr -0.9% 4.8%
11th		 4.7%
Dividend CAGR, 3 yr -0.0% 0.3%
35th		 0.3%
Sustainable growth rate 1.9% 3.8%
18th		 3.7%

Margin history & stability

MeasureESIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 40.4% 44.0%
36th		 42.6%
Operating margin, 3-yr average 22.2% 21.9%
57th		 20.0%
Net margin, 3-yr average 5.4% 13.0%
5th		 12.5%
FCF margin, 3-yr average -9.4% -4.3%
36th		 -7.9%
Revenue stability (0-1) 0.80 0.75
64th		 0.75
Earnings stability (0-1) 0.02 0.43
16th		 0.51
Margin stability (0-1) 0.88 0.83
64th		 0.84

Liquidity (latest quarter)

MeasureESIndustry medianIndustry percentileSector median
Cash & short-term investments $1.8B $241.0M
82nd		 $215.5M
Net cash (− = net debt) −$28.0B −$24.6B
36th		 −$12.1B
Working capital −$1.6B −$794.4M
34th		 −$284.5M
Current ratio 0.80 0.80
50th		 0.82
Quick ratio 0.74 0.66
66th		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.23 0.07
84th		 0.08
Defensive interval (days) 753 days 286 days
86th		 314 days

Leverage & solvency (latest quarter)

MeasureESIndustry medianIndustry percentileSector median
Total debt $29.8B $25.1B
66th		 $12.5B
Debt / equity 1.82 1.68
55th		 1.61
Net debt / equity 1.71 1.67
57th		 1.60
Debt / assets 47.0% 44.6%
70th		 43.4%
Debt / capital 64.6% 62.7%
55th		 61.8%
Debt / EBITDA 5.51 5.59
41st		 5.59
Net debt / EBITDA 5.17 5.54
34th		 5.53
Interest coverage (EBIT / interest) 2.3x 2.4x
32nd		 2.4x
Cash interest coverage 3.2x 3.1x
59th		 3.0x
Debt payback (years of OCF) 6.7 yrs 7.5 yrs
30th		 7.5 yrs
Liabilities / assets 74.0% 73.0%
61st		 70.8%
IS credit model rating B — —
Implied credit spread (bps) 750 750
34th		 750

Efficiency

MeasureESIndustry medianIndustry percentileSector median
Asset turnover 0.23 0.21
66th		 0.20
Fixed asset turnover 0.31 0.27
77th		 0.27
Inventory turnover 17.8 6.7
86th		 8.7
Receivables turnover 8.1 8.7
34th		 8.4
Days sales outstanding 45 days 41 days
67th		 43 days
Days inventory outstanding 20 days 54 days
14th		 42 days
Days payables outstanding 63 days 77 days
26th		 75 days
Cash conversion cycle (days) 2 days 15 days
37th		 14 days
Capex / revenue 29.5% 33.3%
38th		 35.1%
Capex / depreciation 1.81 2.35
43rd		 2.40
Operating expense ratio 9.6% 30.3%
16th		 30.7%

Cash flow & earnings quality

MeasureESIndustry medianIndustry percentileSector median
Operating cash flow / net income 3.06 2.19
86th		 2.20
FCF / net income 0.21 −0.32
59th		 −0.74
FCF / operating cash flow 6.7% -20.3%
61st		 -33.3%
Capex / operating cash flow 93.3% 120.3%
39th		 133.3%
Accruals ratio -4.8% -3.3%
9th		 -3.2%
Sloan accruals ratio -3.1% -3.7%
68th		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureESIndustry medianIndustry percentileSector median
Dividend yield 4.7% 3.3%
91st		 3.3%
Dividend per share (TTM) $3.12 $2.56
73rd		 $1.87
Payout ratio (dividends / net income) 78.7% 65.4%
84th		 63.9%
Dividends / FCF 382.9% 59.8%
100th		 65.6%
Dividend growth (YoY) 5.3% 3.9%
68th		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 4.5% 3.3%
73rd		 3.3%
Share count change (YoY) 2.2% 2.2%
50th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureESIndustry medianIndustry percentileSector median
IS score 42 42
52nd		 40
IS profitability 34 50
9th		 44
IS growth 62 49
86th		 50
IS value 58 58
52nd		 56
IS momentum 90 77
93rd		 78
IS risk (safety) 15 15
0th		 15
IS quality 62 66
25th		 64
IS balance sheet 27 25
61st		 28
IS earnings quality 77 79
39th		 79
IS cash flow 38 35
64th		 35
Piotroski F-score (0-9) 7 6
64th		 6
Altman Z-score 0.8 0.8
43rd		 0.9
Beneish M-score −2.38 −2.60
79th		 −2.64
Ohlson O-score −7.21 −7.06
41st		 −7.04
IS credit score 26 27
43rd		 29

Per share

MeasureESIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.84 $3.90
45th		 $3.13
Book value per share $43.34 $34.68
68th		 $32.52
Tangible book per share $34.33 $34.58
45th		 $32.45
Revenue per share $37.13 $27.50
75th		 $24.86
FCF per share $0.79 −$1.01
66th		 −$1.64
Operating cash flow per share $11.75 $8.38
73rd		 $7.00
Cash per share $4.83 $0.80
91st		 $0.83

Size (TTM)

MeasureESIndustry medianIndustry percentileSector median
Market cap $25.2B $21.5B
55th		 $8.5B
Revenue $14.0B $12.5B
57th		 $5.4B
EBITDA $5.4B $4.3B
66th		 $2.7B
Net income $1.4B $1.3B
55th		 $559.7M
Free cash flow $297.7M −$189.0M
61st		 −$190.6M
Total assets $63.4B $56.2B
64th		 $34.0B
Shareholders' equity $16.3B $12.5B
61st		 $5.1B
Employees 10,731 9,950
55th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-25Conner Penelope M
EVP-Cust Exp & Energy Strategy
 Open-market sale 1,500$71.50$107,2507,556
2026-08-24Conner Penelope M
EVP-Cust Exp & Energy Strategy
 Open-market sale 1,500$71.10$106,6509,056
2026-06-04Butler Gregory B
Executive VP & General Counsel
 Open-market sale 7,000$69.88$489,16056,179
2026-05-14Buth Jay S.
VP, Controller, Chief Acct Off
 Discretionary 407$68.81$28,0220
2026-05-08Mudge W Robert
other: Trustee
 Open-market buy 750$66.48$49,8642,150

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
DiscretionaryDisposed1407$28,022
Open-market buyAcquired1750$49,864
Open-market saleDisposed310,000$703,060
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 11 notices · 54,412 shares · $4.0M
FiledFilerShares proposedEst. proceeds
2026-08-25Conner Penelope M1,500$107,250
2026-08-24Conner Penelope M1,500$106,650
2026-06-04Butler Gregory B7,000$484,821
2026-03-04Conner Penelope M1,400$105,000
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (1 purchases) · Senate 2 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-06-16John FettermanSenatePurchase$1,001 - $15,0002026-07-09
2026-06-16John Karl FettermanSenatePurchase$1,001 - $15,0002026-07-09
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-09-23Val HoyleHouseSale$1,001 - $15,0002025-10-10
2025-09-22Val HoyleHouseSale (Full)$1,001 - $15,0002025-10-10
2024-01-19Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002024-02-14
2024-01-19Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002024-02-13
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.42,706,691$3.1B11.34%
STATE STREET CORP28,475,822$2.1B7.56%
VANGUARD CAPITAL MANAGEMENT LLC24,543,557$1.8B6.52%
VANGUARD PORTFOLIO MANAGEMENT LLC20,234,827$1.5B5.37%
GEODE CAPITAL MANAGEMENT, LLC11,541,887$831.2M3.06%
FMR LLC9,557,924$690.8M2.54%
VICTORY CAPITAL MANAGEMENT INC8,553,991$618.2M2.27%
Invesco Ltd.6,056,927$437.7M1.61%
Legal & General Group Plc4,970,456$359.2M1.32%
GOLDMAN SACHS GROUP INC4,571,895$330.4M1.21%
MORGAN STANLEY4,481,219$323.9M1.19%
Nuveen, LLC4,355,605$314.8M1.16%
DEUTSCHE BANK AG\4,305,853$311.2M1.14%
NORGES BANK4,257,095$307.7M1.13%
HSBC HOLDINGS PLC3,759,941$272.1M1.00%

Institutional ownership by quarter

2023-092026-0687.7%
% of shares held by 13F filers
2023-092026-061,119
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,11987.7%15547631985
2026-03-311,06383.1%13645529876
2025-12-311,02484.4%13439832879
2025-09-3098582.5%13938728371
2025-06-3093082.7%13238227074
2025-03-3188381.1%11535327489
2024-12-3187080.8%12032428197
2024-09-3086479.1%12930926769
2024-06-3081277.0%9127631083
2024-03-3181375.7%10028130092
2023-12-3181674.1%131251320102
2023-09-3079974.2%73311269108

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.3%20,048,663
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%28,331,593
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$768.9M
VSMPX0.03%$768.9M
VTI0.03%$768.9M
VTSAX0.03%$768.9M
VFINX0.04%$634.8M
VFIAX0.04%$634.8M

Share structure

Shares outstanding376,674,754
Float376,079,608
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$9.9B$12.3B$11.9B$11.9B$13.5B
Cost of revenue$5.1B$6.9B$7.1B$8.2B$9.5B
Gross profit$4.8B$5.4B$4.8B$3.7B$4.1B
R&D$0$0$0$0$0
SG&A−$84.4M−$219.8M−$132.9M$0$0
Operating income$2.0B$2.2B$2.4B$2.7B$3.0B
EBITDA$3.5B$4.2B$1.4B$4.1B$5.4B
Pretax income$1.6B$1.9B−$275.0M$1.2B$1.8B
Income tax$344.2M$453.6M$159.7M$424.7M$140.3M
Net income$1.2B$1.4B−$442.2M$811.7M$1.7B
EPS, diluted$3.54$4.05$-1.27$2.27$4.56
Diluted shares344.6M347.2M349.6M357.5M371.3M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$66.8M$374.6M$53.9M$26.7M$135.4M
Receivables$1.4B$1.8B$1.7B$1.9B$2.1B
Inventory$267.5M$374.4M$507.3M$594.6M$491.6M
Total current assets$3.3B$4.2B$4.2B$5.1B$5.1B
PP&E, net$33.4B$36.1B$39.5B$41.0B$46.0B
Goodwill & intangibles$4.5B$4.5B$4.5B$3.6B$4.2B
Total assets$48.5B$53.2B$55.6B$59.6B$63.8B
Accounts payable$1.7B$2.1B$1.9B$1.7B$1.9B
Total current liabilities$5.8B$6.8B$6.3B$6.7B$7.8B
Long-term debt$17.5B$20.1B$24.0B$26.0B$27.2B
Total liabilities$33.7B$37.6B$41.3B$44.4B$47.4B
Shareholders' equity$14.8B$15.6B$14.3B$15.2B$16.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.2B$1.4B−$442.2M$819.2M$1.7B
Depreciation & amortization$1.3B$1.6B$815.7M$1.8B$2.4B
Stock-based compensation$0$33.4M$27.8M$0$0
Change in working capital−$271.6M−$120.2M−$441.9M−$310.5M−$55.0M
Operating cash flow$2.0B$2.4B$1.6B$2.2B$4.1B
Capital expenditure−$3.2B−$3.4B−$4.3B−$4.5B−$4.2B
Free cash flow−$1.2B−$1.0B−$2.7B−$2.3B−$45.1M
Investing cash flow−$3.4B−$4.1B−$4.9B−$4.5B−$4.3B
Net debt issued / repaid$2.3B$2.7B$3.8B$2.4B$981.5M
Buybacks$0$0$0$0$0
Dividends paid−$813.0M−$867.6M−$926.5M−$1.0B−$1.1B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin48.0%44.0%40.7%35.8%47.8%
Operating margin20.2%17.9%20.1%22.7%22.1%
Net margin12.3%11.4%-3.7%6.8%12.5%
FCF margin-12.3%-8.5%-22.6%-19.5%-0.3%
ROE8.5%9.3%-3.0%5.6%10.8%
ROIC4.5%4.4%4.6%4.0%6.0%
ROA2.6%2.8%-0.8%1.4%2.7%
Debt / equity1.381.481.891.941.87
Interest coverage3.7x3.8x0.7x2.1x2.5x
Current ratio0.560.620.670.760.65
Revenue growth+11.1%+24.2%−3.1%−0.1%+13.8%
EPS growth+1.0%+13.7%−131.4%+275.1%+103.4%
P/E at year end21.9x18.2xn/m24.8x15.0x
EV / EBITDA at year end13.4x11.5x33.2x11.9x10.1x
FCF yield at year end-4.54%-4.06%-13.68%-11.54%-0.18%
Dividend payout66.6%61.6%—124.3%65.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Eversource Electric Distribution$7.4B$9.4B$9.0B$9.1B$10.0B
Natural Gas Distribution$1.8B$2.2B$2.2B$2.1B$2.6B
Eversource Electric Transmission$1.8B$1.8B$1.9B$2.1B$2.5B
Other$1.4B$1.4B$1.6B$1.7B—
Water Distribution Segment$211.3M$224.4M$232.5M$233.4M$250.7M
Eliminations−$2.5B−$2.8B−$3.1B−$3.3B—

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $1.00 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$13.7B$13.2B – $14.2B$4.65$4.63 – $4.72714.4x
2027$14.3B$13.5B – $15.5B$4.92$4.82 – $5.08913.6x
2028$14.9B$14.1B – $16.5B$5.26$4.93 – $5.50512.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-30$0.87$0.87−0.3%$3.0B$2.9B−2.9%
2026-05-06$1.63$1.73+6.1%$4.2B$4.5B+7.1%
2026-02-12$1.10$1.12+1.8%$2.7B$3.4B+24.2%
2025-11-04$1.15$1.19+3.5%$3.2B$3.2B+1.7%
2025-07-31$0.95$0.96+0.5%$2.9B$2.8B−3.2%
2025-05-01$1.51$1.50−0.7%$3.7B$4.1B+11.9%
2025-02-11$1.00$1.01+1.0%$3.1B$3.0B−5.3%
2024-11-04$1.08$-0.33−130.6%$3.1B$3.1B−0.1%
2024-07-31$0.96$0.95−1.0%$2.9B$2.5B−12.7%
2024-05-01$1.46$1.49+2.1%$3.7B$3.3B−9.7%
2024-02-13$0.97$0.95−2.1%$3.2B$2.7B−16.8%
2023-11-06$0.98$0.97−1.0%$3.3B$2.8B−15.9%
2023-07-31$0.92$1.00+8.7%$3.3B$2.6B−20.6%
2023-05-03$1.34$1.41+5.2%$3.2B$3.8B+17.7%
2023-02-13$0.94$0.92−2.1%$2.0B$3.0B+52.9%
2022-11-02$1.03$1.01−1.9%$2.6B$3.2B+21.5%
2022-07-28$0.84$0.86+2.4%$2.3B$2.6B+11.3%
2022-05-04$1.20$1.30+8.3%$2.9B$3.5B+21.4%
2022-02-16$0.93$0.91−2.2%$2.1B$2.5B+17.3%
2021-11-02$1.05$1.02−2.9%$2.5B$2.5B+0.4%
2021-07-29$0.80$0.79−1.3%$2.1B$2.1B−0.0%
2021-05-10$1.09$1.08−0.9%$2.6B$2.8B+10.4%
2021-02-16$0.85$0.850.0%$2.1B$2.2B+5.9%
2020-11-03$1.02$1.020.0%$2.3B$2.3B0.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.306-220.206-290.207-060.207-130.207-200.307-270.208-030.108-100.108-170.108-240.108-31
Week ofNotionalSharesTrades
2026-08-31$145.1M2,055,07755,387
2026-08-24$144.6M2,033,36848,882
2026-08-17$130.5M1,817,39647,885
2026-08-10$127.8M1,785,83352,794
2026-08-03$187.7M2,599,27462,219
2026-07-27$334.7M4,518,54684,505

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1555.2%
DateShort shareShort volumeTotal volume
2026-10-1555.2%455,659826,063
2026-10-1469.8%690,422989,672
2026-10-1362.9%809,0231,286,203
2026-10-1252.4%307,705587,671
2026-10-0953.7%377,132702,748
2026-10-0856.3%488,493867,760
2026-10-0762.9%558,414887,340
2026-10-0662.8%519,493827,107
2026-10-0542.8%290,311678,514
2026-10-0248.0%439,332914,466
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.5Jan-0.6Feb+2.7Mar+0.5Apr-0.7May-0.2Jun+2.6Jul+0.0Aug-0.0Sep+1.7Oct+2.1Nov+2.2Dec
MonthAvg returnUp yearsYears
Jan+0.5%60%20
Feb−0.6%60%20
Mar+2.7%76%21
Apr+0.5%55%20
May−0.7%35%20
Jun−0.2%60%20
Jul+2.6%75%20
Aug+0.0%60%20
Sep−0.0%50%20
Oct+1.7%70%20
Nov+2.1%55%20
Dec+2.2%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1453.0
MFI77.6
ADX22.4
Stochastic %K / %D83.6 / 84.5
Williams %R-15.1
CCI107
TSI / signal-13.3 / -24.2
Chaikin money flow-0.00
ATR$1.21
Bollinger width6.7%
Volume vs 20-day avg0.59x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$65.19 (+2.5%)
SMA 50$68.29 (−2.1%)
SMA 200$69.61 (−4.0%)
EMA 21$66.09 (+1.1%)
EMA 50$67.60 (−1.1%)
EMA 200$68.68 (−2.7%)
Bollinger upper$67.37 (−0.8%)
Bollinger lower$63.01 (+6.1%)
Parabolic SAR$64.93 (+3.0%)
Open the live chart, 110+ indicators

About Eversource Energy

Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distribution of electricity, natural gas distribution, and water utility services. The company is actively engaged in moving electricity, including energy generated from solar facilities, and supplying natural gas to its consumers. Additionally, Eversource manages regulated water systems, serving approximately 226,000 customers. It caters to a wide array of clients, spanning residential homes, businesses, industrial operations, municipal entities (including fire protection), and others across the states of Connecticut, Massachusetts, and New Hampshire. The organization, headquartered in Springfield, Massachusetts, adopted the name Eversource Energy in April 2015, having previously been known as Northeast Utilities.

https://www.eversource.com

Key executives

NameTitlePayBorn
Joseph R. Nolan Jr.President, Chief Executive Officer & Chairman$4.5M1964
John MoreiraExecutive Vice President. Chief Financial Officer & Treasurer$2.2M1962
Paul ChodakExecutive Vice President & Chief Operating Officer$1.9M1964
Gregory ButlerExecutive Vice President & General Counsel$1.5M1958
James W. HuntExecutive VP of Customer Relations & Sustainability and Secretary$1.4M1972
Susan L. SgroiExecutive Vice President of Human Resources & Information Technology$1.1M1965
Jay S. ButhVice President, Controller & Chief Accounting Officer—1970
Patrick J. McGrathExecutive Officer—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Joseph R. Nolan, Jr. Chairman, President and Chief Executive Officer2025$1.4M$9.0M$3.0M$28.5M
John M. Moreira Executive Vice President, Chief Financial Officer and Treasurer2025$870,002$2.4M$1.3M$10.4M
Paul W. Chodak III Executive Vice President and Chief Operating Officer2025$870,002$2.2M$1.0M$8.3M
Gregory B. Butler Executive Vice President and General Counsel2025$748,924$1.4M$700,000$5.8M
James W. Hunt, III Executive Vice President, Corporate Relations and Sustainability and Secretary2025$564,078$1.1M$750,000$5.1M

Employees

8k20188k20199k20209k202110k202210k202311k202411k2025

Dividends

Ex-dateAmountPaid
2026-09-21$0.78752026-09-30
2026-05-18$0.78752026-06-30
2026-03-05$0.78752026-03-31
2025-12-17$0.75252025-12-31
2025-09-22$0.75252025-09-30
2025-05-15$0.75252025-06-30
2025-03-04$0.75252025-03-31
2024-12-18$0.7152024-12-31

Moat model

None · Cost Advantage · 2026-06-30
Cost advantage67
Intangibles18
Switching costs31
Network effect23
Efficient scale34
Our component scores (0-100) and overall 34.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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