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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
EVERSOURCE ENERGY generated $13.55B of revenue in fiscal 2025, with net income of $1.69B and an operating cash inflow of $4.11B. Revenue of $13.55B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 13.8% above fiscal 2024 revenue of $11.90B, marking a year-over-year increase. On a per-share basis, diluted EPS was $4.56, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $2.27 in fiscal 2024, the current result was 100.9% higher. At period end, total assets were $63.79B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.21x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
Operations produced $2.99B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 22.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $1.69B, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 12.5% margin after operating costs and the remaining recognized items. Income tax expense totaled $140.29M, providing the reported tax component that separates pretax and after-tax earnings. Net income equaled 10.4% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 2.7% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Current net income of $1.69B was above fiscal 2024 net income of $811.65M, showing the direction of the bottom-line change.Liquidity and Capital Structure
The near-term balance sheet paired $5.08B of current assets with $7.81B of current liabilities at the reporting date. The current ratio was 0.65x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $135.40M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 1.7% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $28.27B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 1.75x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 44.3%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 25.4%, placing book capital against the total resource base. The cash-to-assets relationship was 0.2%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 7.0% from $59.59B in fiscal 2024, leaving current total assets higher year over year. Against $15.04B of equity in fiscal 2024, the current book-equity balance moved 7.7% and ended higher. Cash and equivalents were 407.1% higher than fiscal 2024 cash of $26.70M, showing the year-over-year change in liquid resources.Cash Flow and Earnings Quality
The company reported $4.11B of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 2.43x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $4.16B of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 101.1% of operating cash flow, leaving the remainder available as free cash flow. The company recorded a $45.10M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 0.3% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 0.1% of total assets, placing the cash shortfall against the company’s resource base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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