Eversource Energy
ES · Electric Utilities
$67.46
0.6%PPL
PPL · Electric Utilities
$34.98
1.0%The short version
- Eversource Energy is the larger business, with $13.5B of revenue in fiscal 2025 against $9.0B for PPL.
- Eversource Energy grew revenue faster (13.8%, against 6.9%).
- PPL kept more of each dollar of sales as operating profit (23.6% operating margin, against 22.1% operating margin).
- Eversource Energy turned more of its sales into free cash flow (−0.3% FCF margin, against −15.5% FCF margin).
- Eversource Energy earned a higher return on the capital invested in it (6.4%, against 5.4%).
- Investors pay more for each dollar of PPL’s earnings: a P/E of 22.0x against 17.5x for Eversource Energy.
| Latest fiscal year | ES · FY25 | PPL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.4B | $26.5B |
| Revenue | $13.5B | $9.0B |
| Free cash flow | −$45.1M | −$1.4B |
| Net income | $1.7B | $1.2B |
| Growth | ||
| Revenue growth | 13.8% | 6.9% |
| 5-year growth | 8.8% | 10.6% |
| Share count change | 3.8% | 0.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 22.1% | 23.6% |
| Net margin | 12.6% | 13.1% |
| FCF margin | −0.3% | −15.5% |
| Return on capital | 6.4% | 5.4% |
| Return on equity | 10.9% | 8.2% |
| Balance sheet | ||
| Net debt | $28.2B | $18.3B |
| Net debt / EBITDA | 5.2x | 5.3x |
| Dividends and buybacks | $1.1B | $794M |
| Valuation & quality | ||
| P/E | 17.5x | 22.0x |
| Piotroski F-score | 6 | 6 |
FY16
ES $7.6B
PPL $7.5B
FY17
ES $7.8B
PPL $7.4B
FY18
ES $8.4B
PPL $7.8B
FY19
ES $8.5B
PPL $5.6B
FY20
ES $8.9B
PPL $5.5B
FY21
ES $9.9B
PPL $5.8B
FY22
ES $12.3B
PPL $7.9B
FY23
ES $11.9B
PPL $8.3B
FY24
ES $11.9B
PPL $8.5B
FY25
ES $13.5B
PPL $9.0B
ES
PPL
FY16
ES 24.1%
PPL 39.1%
FY17
ES 24.4%
PPL 39.0%
FY18
ES 20.1%
PPL 36.6%
FY19
ES 18.7%
PPL 27.2%
FY20
ES 22.3%
PPL 29.0%
FY21
ES 20.2%
PPL 24.6%
FY22
ES 17.9%
PPL 17.4%
FY23
ES 20.1%
PPL 19.6%
FY24
ES 20.2%
PPL 20.6%
FY25
ES 22.1%
PPL 23.6%
ES
PPL
FY16
ES $231M
PPL −$30.0M
FY17
ES −$352M
PPL −$672M
FY18
ES −$739M
PPL −$417M
FY19
ES −$902M
PPL $184M
FY20
ES −$1.3B
PPL $476M
FY21
ES −$1.2B
PPL $297M
FY22
ES −$1.0B
PPL −$425M
FY23
ES −$2.7B
PPL −$632M
FY24
ES −$2.3B
PPL −$465M
FY25
ES −$45.1M
PPL −$1.4B
ES
PPL
FY16
ES 5.9%
PPL 7.6%
FY17
ES 5.5%
PPL 5.7%
FY18
ES 5.6%
PPL 7.1%
FY19
ES 4.8%
PPL 3.6%
FY20
ES 5.5%
PPL 3.3%
FY21
ES 5.0%
PPL 2.8%
FY22
ES 4.8%
PPL 4.4%
FY23
ES 5.1%
PPL 4.6%
FY24
ES 4.0%
PPL 4.6%
FY25
ES 6.4%
PPL 5.4%
ES
PPL
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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.