Eversource Energy (ES) financial statements
Eversource Energy reported revenue of $13.5B in fiscal 2025, up 6.6% a year over 9 years.
Net income was $1.7B and the operating margin 22.1%, against 24.1% in 2016.
Free cash flow was -$45M, and the company returned $1.1B in dividends.
The diluted share count rose 17% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Eversource Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $8.4B | $8.5B | $8.9B | $9.9B | $12.3B | $11.9B | $11.9B | $13.5B |
| Operating income | $1.8B | $1.9B | $1.7B | $1.6B | $2.0B | $2.0B | $2.2B | $2.4B | $2.4B | $3.0B |
| Interest expense | $401M | $422M | $499M | $533M | $538M | $582M | $678M | $855M | $1.1B | $1.2B |
| Pre-tax income | $1.5B | $1.6B | $1.3B | $1.2B | $1.6B | $1.6B | $1.9B | -$275M | $1.2B | $1.8B |
| Income tax | $555M | $579M | $289M | $273M | $346M | $344M | $454M | $160M | $425M | $140M |
| Net income | $950M | $996M | $1.0B | $917M | $1.2B | $1.2B | $1.4B | -$442M | $812M | $1.7B |
| EPS (diluted) | $2.96 | $3.11 | $3.25 | $2.81 | $3.55 | $3.54 | $4.05 | -$1.26 | $2.27 | $4.56 |
| Diluted shares | 318M | 318M | 318M | 323M | 340M | 345M | 347M | 350M | 358M | 371M |
| Operating margin | 24.1% | 24.4% | 20.1% | 18.7% | 22.3% | 20.2% | 17.9% | 20.1% | 20.2% | 22.1% |
| Net margin | 12.4% | 12.8% | 12.3% | 10.7% | 13.6% | 12.5% | 11.5% | -3.7% | 6.8% | 12.5% |
Balance sheet
Fiscal years, from Eversource Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $30M | $38M | $108M | $15M | $107M | $67M | $48M | $54M | $27M | $135M |
| Receivables | $847M | $925M | $994M | $989M | $1.2B | $1.2B | $1.5B | $1.4B | $1.7B | $1.8B |
| Total current assets | $2.5B | $2.5B | $2.3B | $2.4B | $3.1B | $3.3B | $4.2B | $4.2B | $5.1B | $5.1B |
| Goodwill | $3.5B | $4.4B | $4.4B | $4.4B | $4.4B | $4.5B | $4.5B | $4.5B | $3.6B | $4.2B |
| Total assets | $32.1B | $36.2B | $38.2B | $41.1B | $46.1B | $48.5B | $53.2B | $55.6B | $59.6B | $63.8B |
| Total current liabilities | $3.6B | $3.6B | $4.1B | $3.6B | $4.9B | $5.8B | $6.8B | $6.3B | $6.7B | $7.8B |
| Long-term debt | $8.8B | $11.8B | $12.2B | $13.8B | $15.1B | $17.0B | $19.7B | $23.6B | $25.7B | $26.9B |
| Total liabilities | $21.3B | $25.1B | $26.8B | $28.5B | $32.0B | $33.9B | $37.8B | $41.4B | $44.6B | $47.6B |
| Shareholders' equity | $10.7B | $11.1B | $11.5B | $12.6B | $14.1B | $14.6B | $15.5B | $14.2B | $15.0B | $16.2B |
| Net debt | $9.6B | $12.3B | $13.0B | $14.1B | $16.1B | $18.1B | $21.0B | $24.4B | $26.7B | $28.1B |
Cash flow
Fiscal years, from Eversource Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.2B | $2.0B | $1.8B | $2.0B | $1.7B | $2.0B | $2.4B | $1.6B | $2.2B | $4.1B |
| Capital spending | $2.0B | $2.3B | $2.6B | $2.9B | $2.9B | $3.2B | $3.4B | $4.3B | $4.5B | $4.2B |
| Free cash flow | $231M | -$352M | -$739M | -$902M | -$1.3B | -$1.2B | -$1.0B | -$2.7B | -$2.3B | -$45M |
| Stock-based compensation | $24M | $20M | $21M | $27M | $34M | $28M | $33M | $28M | $30M | $34M |
| Dividends paid | $564M | $602M | $640M | $663M | $745M | $805M | $860M | $919M | $1.0B | $1.1B |
| Net borrowing | $588M | $1.8B | $770M | $1.0B | $2.4B | $2.3B | $2.8B | $3.9B | $2.5B | $1.0B |
| Free cash flow margin | 3.0% | -4.5% | -8.8% | -10.6% | -14.2% | -12.3% | -8.5% | -22.6% | -19.5% | -0.3% |
| Dividends per share | $1.77 | $1.89 | $2.01 | $2.05 | $2.19 | $2.34 | $2.48 | $2.63 | $2.80 | $2.94 |
Questions
What was Eversource Energy's revenue in 2025?
$13.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Eversource Energy generate?
-$45M in fiscal 2025 (operating cash flow minus capital spending).
From Eversource Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.