Eversource Energy (ES) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
10.36
↓-21% vs avg
5yr avg: 13.05
30Y Low3.7·High16.1
P/FCF
N/A
—
5yr avg: N/A
30Y Low2.9·High88.7
P/B Ratio
↓
1.56
-7% vs avg
5yr avg: 1.67
30Y Low0.6·High2.1
ROE
↑
10.7%
↓+73% vs avg
5yr avg: 6.2%
30Y Low-10%·High17%
Debt/EBITDA
↓
5.61
↓-14% vs avg
5yr avg: 6.50
30Y Low2.1·High8.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ES Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Eversource Energy trades at 15.0x earnings, 30% below its 5-year average of 21.6x, sitting at the 28th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a discount of 24%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.8B | $25.0B | $20.5B | $21.6B | $29.1B | $31.4B | $29.4B | $27.5B | $20.7B | $20.1B | $17.6B |
| Enterprise Value | $55.9B | $55.1B | $49.6B | $48.3B | $51.7B | $51.5B | $47.4B | $43.0B | $35.2B | $33.5B | $28.3B |
| P/E Ratio → | 15.03 | 14.77 | 25.30 | — | 20.70 | 25.70 | 24.37 | 30.27 | 20.01 | 20.32 | 18.66 |
| P/S Ratio | 1.90 | 1.85 | 1.73 | 1.81 | 2.37 | 3.18 | 3.30 | 3.22 | 2.45 | 2.59 | 2.30 |
| P/B Ratio | 1.56 | 1.53 | 1.35 | 1.51 | 1.86 | 2.12 | 2.07 | 2.15 | 1.78 | 1.79 | 1.62 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 88.75 |
| P/OCF | 6.26 | 6.08 | 9.51 | 13.11 | 12.12 | 15.98 | 17.47 | 13.67 | 11.59 | 10.02 | 8.09 |
P/E links to full P/E history page with 30-year chart
ES EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Eversource Energy's enterprise value stands at 10.4x EBITDA, 21% below its 5-year average of 13.0x. The Utilities sector median is 11.5x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.07 | 4.17 | 4.05 | 4.21 | 5.22 | 5.32 | 5.05 | 4.17 | 4.32 | 3.71 |
| EV / EBITDA | 10.36 | 10.22 | 11.07 | 15.02 | 13.45 | 15.48 | 15.05 | 16.11 | 12.70 | 12.03 | 10.69 |
| EV / EBIT | 18.70 | 18.45 | 21.07 | 83.18 | 20.31 | 23.91 | 22.59 | 24.97 | 19.26 | 16.77 | 14.85 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 142.84 |
ES Profitability
Margins and return-on-capital ratios measuring operating efficiency
Eversource Energy earns an operating margin of 22.1%, above the Utilities sector average of 19.8%. Operating margins have expanded from 20.1% to 22.1% over the past 3 years, signaling improving operational efficiency. ROE of 10.7% is modest. ROIC of 4.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.1% | 30.1% | 31.1% | 40.7% | 44.0% | 48.2% | 49.8% | 48.4% | 47.0% | 50.8% | 49.9% |
| Operating Margin | 22.1% | 22.1% | 22.7% | 20.1% | 17.9% | 20.2% | 22.3% | 18.7% | 20.1% | 24.7% | 24.3% |
| Net Profit Margin | 12.5% | 12.5% | 6.8% | -3.7% | 11.4% | 12.4% | 13.5% | 10.7% | 12.2% | 12.7% | 12.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.7% | 10.7% | 5.5% | -3.0% | 9.2% | 8.4% | 8.9% | 7.4% | 9.0% | 8.9% | 8.8% |
| ROA | 2.7% | 2.7% | 1.4% | -0.8% | 2.8% | 2.6% | 2.8% | 2.3% | 2.8% | 2.9% | 3.0% |
| ROIC | 4.9% | 4.9% | 4.8% | 4.5% | 4.5% | 4.5% | 4.9% | 4.4% | 5.0% | 6.2% | 6.6% |
| ROCE | 5.5% | 5.5% | 5.3% | 5.0% | 4.9% | 4.8% | 5.1% | 4.4% | 5.1% | 6.3% | 6.6% |
ES Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Eversource Energy carries a Debt/EBITDA ratio of 5.6x, which is highly leveraged (13% above the sector average of 5.0x). Net debt stands at $30.1B ($30.3B total debt minus $135M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.85 | 1.85 | 1.92 | 1.87 | 1.47 | 1.37 | 1.27 | 1.22 | 1.26 | 1.19 | 0.99 |
| Debt / EBITDA | 5.61 | 5.61 | 6.50 | 8.32 | 5.97 | 6.07 | 5.75 | 5.83 | 5.28 | 4.82 | 4.06 |
| Net Debt / Equity | — | 1.84 | 1.91 | 1.86 | 1.44 | 1.37 | 1.26 | 1.22 | 1.25 | 1.19 | 0.99 |
| Net Debt / EBITDA | 5.59 | 5.59 | 6.49 | 8.30 | 5.87 | 6.05 | 5.71 | 5.82 | 5.24 | 4.81 | 4.05 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | 54.10 |
| Interest Coverage | 2.40 | 2.40 | 2.12 | 0.68 | 3.75 | 3.70 | 3.90 | 3.23 | 3.67 | 4.73 | 4.75 |
ES Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.65x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 0.76 | 0.67 | 0.62 | 0.56 | 0.64 | 0.67 | 0.56 | 0.69 | 0.68 |
| Quick Ratio | 0.59 | 0.59 | 0.67 | 0.59 | 0.57 | 0.51 | 0.58 | 0.60 | 0.50 | 0.63 | 0.59 |
| Cash Ratio | 0.02 | 0.02 | 0.00 | 0.01 | 0.06 | 0.01 | 0.02 | 0.00 | 0.03 | 0.01 | 0.01 |
| Asset Turnover | — | 0.21 | 0.20 | 0.21 | 0.23 | 0.20 | 0.19 | 0.21 | 0.22 | 0.21 | 0.24 |
| Inventory Turnover | 19.26 | 19.26 | 13.79 | 13.92 | 18.37 | 19.11 | 16.82 | 18.70 | 18.80 | 17.09 | 11.63 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ES Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Eversource Energy returns 4.3% to shareholders annually primarily through dividends. A payout ratio of 64.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.4% | 4.9% | 4.3% | 3.0% | 2.6% | 2.5% | 2.4% | 3.1% | 3.0% | 3.2% |
| Payout Ratio | 64.6% | 64.6% | 123.4% | — | 61.2% | 66.0% | 61.8% | 73.0% | 62.0% | 60.9% | 59.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 6.8% | 4.0% | — | 4.8% | 3.9% | 4.1% | 3.3% | 5.0% | 4.9% | 5.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 1.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 4.4% | 4.9% | 4.3% | 3.0% | 2.6% | 2.5% | 2.4% | 3.1% | 3.0% | 3.2% |
| Shares Outstanding | — | $371M | $357M | $350M | $347M | $345M | $340M | $323M | $318M | $318M | $318M |
Peer Comparison
Compare ES with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ESYou | $26B | 15.0 | 10.4 | — | 30.1% | 22.1% | 10.7% | 4.9% | 5.6 |
 ED | $25B | 18.9 | 4.8 | 5.6 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
 PPL | $27B | 23.1 | 12.7 | — | 39.1% | 23.6% | 6.6% | 4.6% | 5.2 |
 EIX | $26B | 6.0 | 7.0 | — | 57.8% | 36.7% | 24.6% | 9.1% | 4.3 |
 FE | $26B | 25.9 | 12.1 | — | 54.8% | 18.8% | 7.4% | 5.4% | 6.2 |
 AEE | $30B | 20.5 | 13.6 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 CNP | $28B | 26.5 | 14.1 | — | 28.7% | 22.6% | 9.6% | 4.8% | 6.5 |
 ETR | $52B | 28.9 | 14.8 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
 NG | $4B | -34.7 | — | — | — | — | -162.7% | -25.1% | — |
 NI | $23B | 24.3 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 AVA | $3B | 17.1 | 10.4 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full ES Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See ES's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ES Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ES vs ED
Side-by-side business, growth, and profitability comparison vs Consolidated Edison, Inc..
Start ComparisonES — Frequently Asked Questions
Quick answers to the most common questions about buying ES stock.
What is Eversource Energy's P/E ratio?
Eversource Energy's current P/E ratio is 15.0x. The historical average is 20.9x. This places it at the 28th percentile of its historical range.
What is Eversource Energy's EV/EBITDA?
Eversource Energy's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Eversource Energy's ROE?
Eversource Energy's return on equity (ROE) is 10.7%. The historical average is 6.1%.
Is ES stock overvalued?
Based on historical data, Eversource Energy is trading at a P/E of 15.0x. This is at the 28th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Eversource Energy's dividend yield?
Eversource Energy's current dividend yield is 4.30% with a payout ratio of 64.6%.
What are Eversource Energy's profit margins?
Eversource Energy has 30.1% gross margin and 22.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Eversource Energy have?
Eversource Energy's Debt/EBITDA ratio is 5.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.