Eversource Energy
ES · Electric Utilities
$67.46
0.6%FirstEnergy
FE · Electric Utilities
$46.15
0.7%The short version
- FirstEnergy is the larger business, with $15.1B of revenue in fiscal 2025 against $13.5B for Eversource Energy.
- Eversource Energy grew revenue faster (13.8%, against 12.0%).
- Eversource Energy kept more of each dollar of sales as operating profit (22.1% operating margin, against 14.6% operating margin).
- Eversource Energy turned more of its sales into free cash flow (−0.3% FCF margin, against −6.7% FCF margin).
- Eversource Energy earned a higher return on the capital invested in it (6.4%, against 4.6%).
- Investors pay more for each dollar of FirstEnergy’s earnings: a P/E of 25.2x against 17.5x for Eversource Energy.
| Latest fiscal year | ES · FY25 | FE · FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.4B | $26.8B |
| Revenue | $13.5B | $15.1B |
| Free cash flow | −$45.1M | −$1.0B |
| Net income | $1.7B | $1.0B |
| Growth | ||
| Revenue growth | 13.8% | 12.0% |
| 5-year growth | 8.8% | 6.9% |
| Share count change | 3.8% | 0.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 22.1% | 14.6% |
| Net margin | 12.6% | 6.8% |
| FCF margin | −0.3% | −6.7% |
| Return on capital | 6.4% | 4.6% |
| Return on equity | 10.9% | 8.2% |
| Balance sheet | ||
| Net debt | $28.2B | $26.5B |
| Net debt / EBITDA | 5.2x | 6.9x |
| Dividends and buybacks | $1.1B | $1.0B |
| Valuation & quality | ||
| P/E | 17.5x | 25.2x |
| Piotroski F-score | 6 | 5 |
FY16
ES $7.6B
FE $10.7B
FY17
ES $7.8B
FE $10.9B
FY18
ES $8.4B
FE $11.3B
FY19
ES $8.5B
FE $11.0B
FY20
ES $8.9B
FE $10.8B
FY21
ES $9.9B
FE $11.1B
FY22
ES $12.3B
FE $12.5B
FY23
ES $11.9B
FE $12.9B
FY24
ES $11.9B
FE $13.5B
FY25
ES $13.5B
FE $15.1B
ES
FE
FY16
ES 24.1%
FE 19.2%
FY17
ES 24.4%
FE 22.2%
FY18
ES 20.1%
FE 22.2%
FY19
ES 18.7%
FE 22.8%
FY20
ES 22.3%
FE 20.0%
FY21
ES 20.2%
FE 15.5%
FY22
ES 17.9%
FE 15.3%
FY23
ES 20.1%
FE 17.6%
FY24
ES 20.2%
FE 17.6%
FY25
ES 22.1%
FE 14.6%
ES
FE
FY16
ES $231M
FE $548M
FY17
ES −$352M
FE $1.2B
FY18
ES −$739M
FE −$1.3B
FY19
ES −$902M
FE −$198M
FY20
ES −$1.3B
FE −$1.2B
FY21
ES −$1.2B
FE $324M
FY22
ES −$1.0B
FE −$165M
FY23
ES −$2.7B
FE −$2.0B
FY24
ES −$2.3B
FE −$1.1B
FY25
ES −$45.1M
FE −$1.0B
ES
FE
FY16
ES 5.9%
FE 3.3%
FY17
ES 5.5%
FE 4.7%
FY18
ES 5.6%
FE 8.0%
FY19
ES 4.8%
FE 8.7%
FY20
ES 5.5%
FE 6.7%
FY21
ES 5.0%
FE 4.5%
FY22
ES 4.8%
FE 3.0%
FY23
ES 5.1%
FE 5.5%
FY24
ES 4.0%
FE 4.9%
FY25
ES 6.4%
FE 4.6%
ES
FE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.