Eversource Energy (ES) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
10.44
↓-20% 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
↓
1.58
-6% 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 15.3x earnings, 29% 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 19.0x, the stock trades at a discount of 20%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26.2B | $25.0B | $20.5B | $21.6B | $29.1B | $31.4B | $29.4B | $27.5B | $20.7B | $20.1B | $17.6B |
| Enterprise Value | $56.3B | $55.1B | $49.6B | $48.3B | $51.7B | $51.5B | $47.4B | $43.0B | $35.2B | $33.5B | $28.3B |
| P/E Ratio → | 15.26 | 14.77 | 25.30 | — | 20.70 | 25.70 | 24.37 | 30.27 | 20.01 | 20.32 | 18.66 |
| P/S Ratio | 1.93 | 1.85 | 1.73 | 1.81 | 2.37 | 3.18 | 3.30 | 3.22 | 2.45 | 2.59 | 2.30 |
| P/B Ratio | 1.58 | 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 | 6.36 | 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, 20% below its 5-year average of 13.0x. The Utilities sector median is 11.9x, placing the stock at a 12% 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 | 10.44 | 10.22 | 11.07 | 15.02 | 13.45 | 15.48 | 15.05 | 16.11 | 12.70 | 12.03 | 10.69 |
| EV / EBIT | 18.84 | 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 18.5%. 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 (8% above the sector average of 5.2x). 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 4.2% 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 6.6% (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 | 4.2% | 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 | 6.6% | 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 | 4.2% | 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 | 15.3 | 10.4 | — | 30.1% | 22.1% | 10.7% | 4.9% | 5.6 |
 ED | $39B | 18.9 | 12.6 | 1088.8 | 62.0% | 17.3% | 8.8% | 4.4% | 5.5 |
 PPL | $27B | 22.1 | 12.7 | — | 39.1% | 23.6% | 8.2% | 5.0% | 5.5 |
 EIX | $28B | 6.2 | 7.1 | — | 57.8% | 36.7% | 24.6% | 9.1% | 4.3 |
 FE | $27B | 26.4 | 12.3 | — | 54.8% | 18.8% | 7.4% | 5.4% | 6.2 |
 AEE | $30B | 20.3 | 13.5 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 CNP | $28B | 26.8 | 14.2 | — | 28.7% | 22.6% | 9.6% | 4.8% | 6.5 |
 ETR | $51B | 28.4 | 14.6 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
 NG | $3B | -30.0 | — | — | — | — | -162.7% | -25.1% | — |
 NI | $23B | 24.2 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 AVA | $3B | 16.7 | 10.3 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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ES — 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 15.3x. 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 15.3x. 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 4.23% 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.