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Regulated electric, gas and water utility serving Connecticut, Massachusetts and New Hampshire.
Regulated electric, gas and water utility serving Connecticut, Massachusetts and New Hampshire.
Earns an allowed return on its wires, gas pipes and water system in Connecticut, Massachusetts and New Hampshire, so rate cases and approved spending drive earnings. It exited its offshore-wind investments, which had been a push beyond regulated networks, to concentrate on the core.
Moat: narrow (regulatory licence, scale). Regulated state monopoly territories across New England under cost-of-service rate recovery.
Headquarters: Hartford, Connecticut, US · Founded: 1966 · Employees: 10,731
Size Eversource Energy (ES) is a United States Utilities company (Electric Utilities) with a market value of $26.3B, the 408th largest of 3,117 United States companies the cockpit tracks. Shares closed at $69.84 on 6 Nov 2026.
Performance Over six months the shares gained 6.2%, against -1.5% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +5.4%); the operating margin is 22.3% (peer median 24.3%).
Valuation It trades at 14.3× forward earnings against a peer median of 17.8× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.3 points above its cost of capital (6.7% WACC).
Credit Eversource Energy has 18 bonds outstanding ($11.8B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 80 bp.
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $14.0B | $13.5B | $11.9B | $11.9B | $12.3B |
| Revenue growth | — | +14% | 0% | -3% | — |
| Gross profit | $4.26B | $4.08B | $3.70B | $3.34B | $3.11B |
| EBITDA | $5.41B | $5.39B | $4.48B | $3.22B | $3.84B |
| Net income | $1.45B | $1.69B | $812M | -$442M | $1.40B |
| Free cash flow | $298M | -$45.1M | -$2.32B | -$2.69B | -$1.04B |
| Capital expenditure | $4.13B | $4.16B | $4.48B | $4.34B | $3.44B |
| Total debt | $29.8B | $30.2B | $29.2B | $26.9B | $23.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eversource Energy ES | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% |
| Consolidated Edison ED | $43.7B | +12% | +10% | 18% | 18.5× | n/a |
| National Grid NG..L | $84.5B | -2% | -4% | 29% | 13.8× | n/a |
| Public Service Enterprise PEG | $36.2B | -5% | +13% | 27% | 16.0× | n/a |
| Exelon EXC | $47.2B | +5% | +7% | 20% | 15.2× | n/a |
| PPL PPL | $26.9B | 0% | +7% | 24% | 17.0× | n/a |
| FirstEnergy FE | $26.9B | +5% | +12% | 19% | 16.1× | n/a |
| Unitil UTL | $1.05B | +11% | +21% | 19% | 16.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ES | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +6.4% | 11th highest of 21 |
| 6-month return | +6.2% | -1.5% | 7th highest of 21 |
| Distance from 52-week high | -8.8% | -9.4% | 11th highest of 21 |
| Revenue growth (TTM) | +7.8% | +5.4% | 10th highest of 21 |
| Operating margin | 22.3% | 24.3% | 10th lowest of 21 |
| Forward P/E | 14.3× | 17.8× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -8.6% | 3.8% | least demanding of 6 |
| Growth delivered (Del g) | +8.8% | +2.0% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | -17.3 pp | -0.4 pp | least demanding of 6 |
| ROIC minus cost of capital | +8.3 pp | -1.1 pp | highest of 21 |
| EV / EBITDA | 4.9× | 13.0× | cheapest of 17 |
| Net debt / EBITDA | 5.2× | 5.5× | 8th least indebted of 18 |
| Bond spread | 80 bp | 77 bp | 6th widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eversource Energy ES | United States | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% | +8.8% |
| Clp 0002.HK | Hong Kong | $26.1B | +7% | -2% | 16% | 17.9× | 1.6% | +2.0% |
| FirstEnergy FE | United States | $26.9B | +5% | +12% | 19% | 16.1× | n/a | n/a |
| PPL PPL | United States | $26.9B | 0% | +7% | 24% | 17.0× | n/a | n/a |
| CenterPoint Energy CNP | United States | $27.0B | -2% | +8% | 24% | 19.9× | n/a | n/a |
| Power Grid Corporation of India POWERGRID.NS | India | $25.6B | -17% | +3% | 55% | 14.4× | n/a | n/a |
| Hydro One H.TO | Canada | $24.7B | -2% | +9% | 24% | 24.5× | n/a | n/a |
| DTE Energy DTE | United States | $28.1B | -3% | +18% | 13% | 16.6× | n/a | n/a |
| PG&E PCG | United States | $28.6B | -19% | +4% | 20% | 7.4× | n/a | n/a |
| ENBW Energie Baden-Wuerttemberg EBK.DE | Germany | $24.2B | -3% | +9% | 5% | n/a | 5.2% | +11.8% |
| Orsted ORSTED.CO | Denmark | $29.5B | -8% | +15% | 2% | 20.4× | n/a | n/a |
| Fortum FORTUM.HE | Finland | $23.3B | +15% | +14% | 17% | 23.4× | 9.2% | -36.7% |
| China National Nuclear Power 601985.SS | China | $29.8B | +7% | -2% | 27% | 26.1× | n/a | n/a |
| Edison International EIX | United States | $22.8B | -14% | +3% | 27% | 9.2× | n/a | n/a |
| Huaneng Lancang River Hydropower 600025.SS | China | $30.7B | +15% | +4% | 48% | 23.1× | 3.8% | +6.6% |
| Fortis FTS.TO | Canada | $31.0B | +11% | +4% | 28% | 22.5× | n/a | n/a |
| Ameren AEE | United States | $31.2B | +4% | +4% | 25% | 20.0× | n/a | n/a |
| Terna TRN.MI | Italy | $22.0B | -2% | +11% | 42% | 17.8× | n/a | n/a |
| CMS Energy CMS | United States | $21.7B | -5% | +8% | 20% | 17.1× | n/a | n/a |
| Cki 1038.HK | Hong Kong | $21.6B | +9% | -9% | -3% | 7.1× | -0.9% | -9.3% |
| CGN Power 1816.HK | Hong Kong | $32.3B | -1% | -16% | 31% | 13.8× | n/a | n/a |
Eversource Energy has 18 bonds outstanding with $11.8B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.41%, a spread of 80 bp over government bonds.