EVERSOURCE ENERGY (ES) closed fiscal year 2025 with a gross margin of 84.7 % and a net margin of 12.5 %.
EVERSOURCE ENERGY (ES) closed fiscal year 2025 with a gross margin of 84.7 % and a net margin of 12.5 %. The same year shows an EBITDA margin of 39.8 % and an EBIT margin of 22.1 %. The free cash flow margin was -0.3 %. Against the previous year the gross margin moved +1.6 pp and the net margin +5.7 pp. Across the period the gross margin ranges between 83.1 % in 2024 and 84.8 % in 2022. The series covers 17 fiscal years, from 2009 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | 84.82 % | 84.08 % | 83.09 % | 84.69 % |
| EBITDA margin (%) | 23.76 % | 29.06 % | 28.16 % | 29.63 % | 29.90 % | 29.17 % | 30.83 % | 34.41 % | 35.50 % | 32.81 % | 31.33 % | 35.35 % | 33.75 % | 31.26 % | 31.11 % | 35.17 % | 39.81 % |
| EBIT margin (%) | 13.81 % | 16.33 % | 17.78 % | 17.82 % | 20.95 % | 21.09 % | 22.18 % | 24.10 % | 24.36 % | 20.12 % | 18.65 % | 22.33 % | 20.21 % | 17.89 % | 20.14 % | 20.24 % | 22.06 % |
| Net margin (%) | 6.17 % | 8.05 % | 8.97 % | 8.50 % | 10.87 % | 10.68 % | 11.14 % | 12.43 % | 12.84 % | 12.32 % | 10.75 % | 13.62 % | 12.45 % | 11.49 % | -3.65 % | 6.82 % | 12.49 % |
| FCF margin (%) | 1.49 % | 2.84 % | -2.38 % | -4.96 % | 2.83 % | 0.62 % | -3.65 % | 3.03 % | -4.54 % | -8.75 % | -10.58 % | -14.16 % | -12.29 % | -8.47 % | -22.59 % | -19.50 % | -0.33 % |
