Eversource Energy (ES) Operating Margin (2009 - 2026)
Eversource Energy (ES) recorded Operating Margin of 23.89% in Q1 2026, up 1.40 percentage points from 22.49% a year earlier and up 2.81 percentage points from the prior quarter.
Powered by 
Analysis
Eversource Energy (ES) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Eversource Energy's Operating Margin came in at 22.52% as of Mar 31, 2026, up 2.90 percentage points year-over-year; for FY2025, it was 22.06%, up 1.82 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, though with a five-year change of -0.27 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 20.24% in FY2024 (+0.10 pp), 20.14% in FY2023 (+2.26 pp), 17.89% in FY2022 (-2.32 pp) and 20.21% in FY2021 (-2.12 pp).
- The Q1 2026 figure is the highest quarterly Operating Margin since Q1 2024.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +0.41 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 9.38 percentage points in Q4 2025, against a drop of 9.03 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.08% (Q4 2025), 21.38% (Q3 2025) and 23.36% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 298.11 Bn | 298.11 Bn | 890.00 Mn | 30.20% |
| 2 | Nextera Energy | 159.16 Bn | 160.06 Bn | - | 29.71% |
| 3 | Southern | 96.40 Bn | 87.46 Bn | 5.92 Bn | 25.46% |
| 4 | Duke Energy | 88.56 Bn | 87.16 Bn | 6.74 Bn | 29.69% |
| 5 | National Grid | 79.03 Bn | 60.56 Bn | - | - |
| 6 | American Electric Power | 65.18 Bn | 63.56 Bn | 3.84 Bn | 22.90% |
| 7 | Dominion Energy | 53.70 Bn | 56.38 Bn | - | 7.34% |
| 8 | Sempra | 51.10 Bn | 50.23 Bn | 2.89 Bn | 23.72% |
| 9 | Entergy | 47.05 Bn | 36.24 Bn | - | 24.13% |
| 10 | Eversource Energy | 24.33 Bn | 24.48 Bn | - | 23.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 23.89% |
| Dec 31, 2025 | 21.08% |
| Sep 30, 2025 | 21.38% |
| Jun 30, 2025 | 23.36% |
| Mar 31, 2025 | 22.49% |
| Dec 31, 2024 | 11.70% |
| Sep 30, 2024 | 19.99% |
| Jun 30, 2024 | 23.78% |
| Mar 31, 2024 | 25.39% |
| Dec 31, 2023 | 20.73% |
| Sep 30, 2023 | 19.01% |
| Jun 30, 2023 | 21.32% |
| Mar 31, 2023 | 19.75% |
| Dec 31, 2022 | 17.24% |
| Sep 30, 2022 | 17.33% |
| Jun 30, 2022 | 17.71% |
| Mar 31, 2022 | 19.10% |
| Dec 31, 2021 | 19.05% |
| Sep 30, 2021 | 19.87% |
| Jun 30, 2021 | 21.28% |
API Access
Eversource Energy Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();