TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

ES stock analysis: Eversource

Eversource (ES) is an S&P 500 company in Electric Utilities.

The model's view of ES · subscribers

Where ES ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with ES · updated 2026-10-05 · from prices and SEC filings

ES price performance

ES against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%ES -4%2025-09-292026-10-05
Year to date-0.6%S&P 500 +14.5% · behind by 15.1 pts
1 year-6.7%S&P 500 +17.0% · behind by 23.7 pts
3 years+34.6%S&P 500 +89.3% · behind by 54.7 pts
5 years-6.3%S&P 500 +91.3% · behind by 97.7 pts

Total returns with dividends reinvested.

ES factor grades

Each grade compares ES with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 16.8x (industry 20.2x)FCF yield 1.2% (industry -3.1%)
BGrowthRevenue growth +8% (industry +8%)EPS growth +66% (industry +8%)
CProfitabilityOperating margin 21.5% (industry 23.1%)ROIC 5.5% (industry 6.2%)
C+Momentum12-month change -7%From 52-wk high -13%

ES in plain numbers

ES key statistics

SectorUtilities
IndustryElectric Utilities
IndexS&P 500
Market value$24.4B
Revenue growth (y/y)+8%
Free-cash-flow yield1.2%
Dividend yield4.8%
Next earnings (expected)2026-11-03
Valuation measures
Market value$24.4B
Enterprise value$51.7B
P/E (trailing)16.8x
Forward P/E (Torvanta estimate)15.7x
PEG (Torvanta estimate)2.25
Price / sales1.7x
Price / book1.5x
EV / revenue3.7x
EV / EBITDA9.8x
Financial highlights
Revenue, last 12 months$14.0B
Net income, last 12 months$1.5B
EPS, last 12 months (GAAP)$3.86
Operating margin21.5%
Net margin10.4%
Return on equity9.1%
Return on invested capital5.5%
Cash$1.8B
Total debt$29.1B
Debt / equity1.78x
Free cash flow, last 12 months$297.7M
Interest cover2.2x
Current ratio0.80x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

ES earnings trends

Revenue vs earnings
-$116.2M$1.0B$2.2B$3.3B$4.5BSep 2024 Revenue: $3.1BDec 2024 Revenue: $3.0BMar 2025 Revenue: $4.1BJun 2025 Revenue: $2.8BSep 2025 Revenue: $3.2BDec 2025 Revenue: $3.4BMar 2026 Revenue: $4.5BJun 2026 Revenue: $2.9BSep 2024 Net income: -$116.2MDec 2024 Net income: $74.4MMar 2025 Net income: $552.7MJun 2025 Net income: $354.6MSep 2025 Net income: $369.4MDec 2025 Net income: $423.2MMar 2026 Net income: $608.7MJun 2026 Net income: $55.6MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: -3.8%Net margin: 2.5%Net margin: 13.4%Net margin: 12.5%Net margin: 11.5%Net margin: 12.6%Net margin: 13.5%Net margin: 1.9%-4%5%14%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.3$0.2$0.6$1.1$1.6Sep 2024 EPS (GAAP, diluted): $-0.3Dec 2024 EPS (GAAP, diluted): $0.2Mar 2025 EPS (GAAP, diluted): $1.5Jun 2025 EPS (GAAP, diluted): $1.0Sep 2025 EPS (GAAP, diluted): $1.0Dec 2025 EPS (GAAP, diluted): $1.1Mar 2026 EPS (GAAP, diluted): $1.6Jun 2026 EPS (GAAP, diluted): $0.1Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Dec 2025 +489% · Mar 2026 +7% · Jun 2026 -85%

From the company's 10-Q and 10-K filings with the SEC.

Eversource financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$9.9B$12.3B$11.9B$11.9B$13.5B
Net income$1.2B$1.4B-$434.7M$819.2M$1.7B
EPS (GAAP)$3.54$4.04$-1.26$2.30$4.57
Free cash flow-$1.2B-$1.0B-$2.7B-$2.3B-$45.1M

ES earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$0.14-85%+2%-6.7%
2026-07-01$0.14-85%+2%+3.3%
2026-05-06$1.61+7%+9%-3.8%
2026-02-12$1.12+489%+13%+5.9%
2025-11-04$0.99n/a+5%-1.1%
2025-10-14$0.99n/a+5%+1.5%

About Eversource

HeadquartersSpringfield, MA
Industry (SEC code)Electric Services
Fiscal year endsDecember 31
Incorporated inMA
Listed onNYSE
FormerlyNORTHEAST UTILITIES, NORTHEAST UTILITIES SYSTEM

From the company's SEC registration record.

Companies similar to ES

CompanyMarket valueP/ERevenue growthOperating margin12-month change
ES Eversource$24.4B16.8x+8%21.5%-7%
PPL PPL Corp$24.8B20.1x+8%23.6%-7%compare
FE FirstEnergy$25.2B23.8x+11%14.7%-1%compare
EIX Edison International$20.9B5.9x+13%30.8%+4%compare
EVRG Evergy$18.2B21.0x+2%25.9%+7%
WEC WEC Energy$33.0Bn/a+9%22.8%-8%
PEG Public Service Enterprise$34.2B17.1x+13%23.1%-13%

All Utilities stock ratings

Frequently asked questions

Is ES stock a buy?

Torvanta does not tell individuals what to buy. Its grades for ES are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is ES's P/E ratio?

ES trades at about 16.8 times its last 12 months of GAAP earnings reported to the SEC, and about 15.7 times Torvanta's own estimate of the next 12 months.

When does ES report earnings next?

Based on its filing history, Torvanta expects Eversource to report around 2026-11-03.

Does ES pay a dividend?

Yes. Its dividend yield is about 4.8%, and it has raised its dividend 14 years in a row.

How has ES performed against the S&P 500?

Over the past year ES returned -6.7%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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