How Does Eversource Energy Stock Compare With Peers?
Eversource Energy (ES) stock has underperformed most peers over the past year, with a 0.09% return as of 11/24/2025, amidst a transforming utility sector. A closer look reveals robust operating profitability (0.222 LTM Operating Margin) and a moderate PE valuation (18.18), but its 0.131 LTM revenue growth is mixed. Concerns about capital intensity, negative free cash flow, and regulatory pressures temper upside in a sector demanding significant grid investment and renewable transition.
- ES’s 22.2% operating margin, above most peers but below CNP (22.5%), indicates strong cost control or favorable rate structures.
- ES’s 13.1% revenue growth (LTM), outperforming CEG, CNP, CMS but below DTE, AEE, reflects effective capital deployment and growing energy demand.
- ES’s 8.7% stock gain and 18.2 PE, trailing peers, may reflect regulatory headwinds or challenges from offshore wind ventures.
Here’s how Eversource Energy stacks up across size, valuation, and profitability versus key peers.
| ES | CEG | DTE | AEE | CNP | CMS | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 24.4 | 110.8 | 28.2 | 28.3 | 25.9 | 22.3 |
| Revenue ($ Bil) | 13.1 | 24.8 | 14.8 | 9.0 | 9.1 | 8.3 |
| PE Ratio | 18.2 | 40.5 | 20.3 | 20.1 | 25.0 | 21.3 |
| LTM Revenue Growth | 13.1% | 3.6% | 19.4% | 22.7% | 6.4% | 11.0% |
| LTM Operating Margin | 22.2% | 12.1% | 16.3% | 20.8% | 22.5% | 20.7% |
| LTM FCF Margin | -4.0% | -1.1% | -5.9% | -13.9% | -30.7% | -20.7% |
| 12M Market Return | 8.7% | 42.5% | 12.9% | 15.0% | 27.4% | 10.1% |
For more details on Eversource Energy, read Buy or Sell ES Stock. Below we compare ES’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| ES | 13.1% | -0.1% | -3.1% | 24.6% |
| CEG | 3.6% | -5.4% | 2.0% | 24.4% |
| DTE | 19.4% | -2.3% | -33.7% | 28.5% |
| AEE | 22.7% | 1.6% | -5.7% | 24.4% |
| CNP | 6.4% | -0.6% | -6.7% | 11.6% |
| CMS | 11.0% | 0.7% | -13.2% | 17.3% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| ES | 22.2% | 22.7% | 20.1% | 17.9% |
| CEG | 12.1% | 20.6% | 9.6% | -1.7% |
| DTE | 16.3% | 17.7% | 18.1% | 9.2% |
| AEE | 20.8% | 19.9% | 20.8% | 19.0% |
| CNP | 22.5% | 23.0% | 20.2% | 16.8% |
| CMS | 20.7% | 19.8% | 16.6% | 14.2% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| ES | 18.2 | 25.3 | -48.8 | 20.7 |
| CEG | 40.5 | 18.8 | 23.3 | -176.7 |
| DTE | 20.3 | 17.8 | 16.3 | 21.2 |
| AEE | 20.1 | 20.1 | 16.5 | 21.4 |
| CNP | 25.0 | 20.0 | 19.7 | 17.9 |
| CMS | 21.3 | 19.8 | 19.1 | 21.9 |
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