Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Eversource Energy

ES stock analysis · Utilities · Electric Utilities

FY 2025-12-31ANNUAL FILINGS
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ⓘ These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$72.27HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$27.2B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

— Requires positive annual FCF, usable shares and discount rate above terminal growth.

Requires positive annual FCF, usable shares and discount rate above terminal growth.

How this is calculated ↗
Valuation

Reverse DCF

— No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

No solution in −50% to +100% growth, or nonpositive FCF / invalid assumptions.

How this is calculated ↗
Valuation

Relative valuation

48.0%

14 industry peers · median 23.8×

How this is calculated ↗
Valuation

Historical multiples

25.0×

6 annual observations · snapshot P/E 16.1× · -35.6% versus history

How this is calculated ↗
Valuation

Free cash flow yield

-0.2%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.5%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

85/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

— Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

7.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

— Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.9%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

9.4%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 4.5B2020-12-31: cfo $1,682,572,000.002020-12-31: capex $2,942,996,000.0020202021-12-31: cfo $1,962,600,000.002021-12-31: capex $3,175,080,000.0020212022-12-31: cfo $2,401,293,000.002022-12-31: capex $3,441,852,000.0020222023-12-31: cfo $1,646,161,000.002023-12-31: capex $4,336,849,000.0020232024-12-31: cfo $2,159,737,000.002024-12-31: capex $4,480,529,000.0020242025-12-31: cfo $4,113,572,000.002025-12-31: capex $4,158,669,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%———
10.0%———
12.0%———

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3113.5B1.7B4.1B4.2B63.8B
2024-12-3111.8B819.2M2.2B4.5B59.6B
2023-12-3111.9B-434.7M1.6B4.3B55.6B
2022-12-3112.3B1.4B2.4B3.4B53.2B
2021-12-319.8B1.2B2B3.2B48.5B
2020-12-318.8B1.2B1.7B2.9B46.1B
2019-12-318.5B7.5M2B2.9B41.1B
2018-12-318.5B7.5M1.8B2.6B38.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue13.5BRevenueFromContractWithCustomerIncludingAssessedTax2026-02-17
netIncome1.7BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-17
Parent/common earnings proxy1.7BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-17
cfo4.1BNetCashProvidedByUsedInOperatingActivities2026-02-17
capex4.2BPaymentsToAcquirePropertyPlantAndEquipment2026-02-17
operatingIncome3BOperatingIncomeLoss2026-02-17
assets63.8BAssets2026-02-17
equity16.2BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-17
Parent book equity proxy16.2BStockholdersEquity2026-02-17
debt28.3BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-17
shortDebt—Not reported under a supported tag—
cash135.4MCashAndCashEquivalentsAtCarryingValue2026-02-17
shares371.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-17
dividends1.1BPaymentsOfDividendsCommonStock2026-02-17
buybacks—Not reported under a supported tag—
issuance465.4MProceedsFromIssuanceOfCommonStock2026-02-17