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Eversource Energy (D/B/A) (ES) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Utilities•Utilities - Regulated Electric
C
AverageMetricSide Score: 44/100
ProfitabilityProfit10/30
GrowthGrowth15/25
Balance SheetBalance16/25
Cash QualityCash3/20
Price & Volume
Market Cap $27.99B

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.

Moat Signals

Competitive analysis based on 52 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~21.0%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Weak Moat

Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~22.7% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 52 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~22.4% — no sign of cost or pricing stress.

Earnings Quality

Healthy

Insufficient data.

Leverage Risk

Healthy

D/E ratio is 1.6 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 6.5% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$13.93B
9.8%
Q. Revenue
$4.50B
TTM EBITDA
$5.53B
16.1%
TTM Op. Income
$3.14B
26.1%
Q. Op. Income
$1.08B
TTM Net Income
$0
Q. Net Income
$0
EPS
$1.61
Shares Out.
$376.03M
2.4%
$13.93B in TTM revenue grew 9.8% YoY, reaching $4.50B last quarter. TTM EBITDA of $5.53B and TTM operating income of $3.14B shows growth is flowing through. Net income of $0 TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
42.2%
Op. Margin
23.9%
6.2%
Net Margin
0.0%
Op. margin of 23.9% is up 1.4% YoY — cost efficiency is improving. Net margin at 0.0%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
2.0x
P/B Ratio
1.7x
P/S of 2.0x and P/B of 1.7x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$64.71B
Cash
$270.20M
Long-Term Debt
$26.86B
Book Value
$16.53B
D/E Ratio
1.6
Debt/EBITDA
14.1
With $64.71B in assets and $26.86B in long-term debt, the D/E of 1.6and book value of $16.53B — reflects moderate leverage — debt is manageable but worth monitoring.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$1.32B
Free Cash Flow
$315.01M
848.5%
FCF Margin
2.3%
FCF / Net Income
N/A

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