Evergy, Inc.EVRG
NasdaqGS•Utilities•Utilities - Regulated Electric
Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities. The company was incorporated in 2017 and is headquartered in Kansas City, Missouri.
Evergy, Inc. (EVRG) reported trailing twelve months revenue of $6.03B as of March 2026, a 2.4% increase year-over-year. Quarterly revenue reached $1.44B, reflecting continued top-line momentum.
Evergy, Inc. generated $882.10M in TTM net income, with quarterly EBITDA of $623.70M. The operating margin expanded from 21.2% to 22.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (22.1%) and net margin (10.5%) indicates moderate non-operating costs. Net margin has improved from 9.1% a year ago, signaling stronger bottom-line efficiency.
EVRG trades at a P/E of 21.3x (in line with broad market averages) and a P/S of 3.1x. The price-to-book ratio of 1.9x reflects a moderate premium to book value.
The company reported negative free cash flow of $-489.40M, indicating cash consumption over the period. The balance sheet shows $34.48B in total assets with $13.15B in long-term debt against $10.16B in stockholders equity for a debt-to-equity ratio of 1.3. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~24.8%, suggesting durable pricing power and cost discipline.
ROE is positive at ~8.4% on average, adequate but below the threshold typically associated with wide moats.
Only 2 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~25.0% — no sign of cost or pricing stress.
Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 1.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation