Evergy (EVRG)
Utilities · $18.3B market cap · SEC CIK 0001711269
fundamentals score out of 100
Next reports on Nov 4, 2026, with analysts expecting $2.22 in earnings per share.
The case for EVRG
- Pays a 5.1% dividend while you wait.
- Has compounded revenue at 76.4% a year over five years.
- Moves less than the market (beta 0.48).
The case against
- Burned $752M of free cash in FY2025.
- Revenue fell 42.6% year over year.
- Priced at 13.5× sales, which leaves no room for a stumble.
- Long-term debt of $13.0B would take 6 years of operating cash flow to repay.
- Current liabilities exceed current assets (ratio 0.36).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 26 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 68 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 28 |
| Momentumhow the price has behaved lately | 49 |
| Stabilityhow violently it moves, what it owes and what it pays you | 63 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.
Key numbers
| Price / earnings | 19.8× |
|---|---|
| Price / book | 1.95× |
| Price / sales | 13.5× |
| Revenue growth (YoY) | -42.6% |
| EPS growth (YoY) | +8.4% |
| Gross margin | — |
| Operating margin | 27% |
| Net margin | 14% |
| Return on equity | 9% |
| Debt / equity | 1.61× |
| Current ratio | 0.36 |
| Dividend yield | 5.06% |
| Beta | 0.48 |
| 52-week range | $71.33 – $88.62 |
| Position in that range | 46% of the way up |
| 3-month return | -3.9% |
| 1-year return | +9.6% |
Five years of financials, as filed
Pulled from Evergy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.7B | $5.3B | $5.6B | $5.3B |
| Operating income | $1.5B | $1.5B | $1.3B | $1.3B | $1.4B |
| Net income | $856M | $874M | $731M | $753M | $880M |
| Operating cash flow | $2.0B | $2.0B | $2.0B | $1.8B | $1.4B |
| Capital expenditure | $2.8B | $2.3B | $2.3B | $2.2B | $2.0B |
| Total assets | $33.9B | $32.3B | $31.0B | $29.5B | $28.5B |
| Shareholder equity | $10.2B | $10.0B | $9.7B | $9.5B | $9.2B |
| Cash | $19.8M | $22.0M | $27.7M | $25.2M | $26.2M |
| Long-term debt | $13.0B | $11.8B | $11.1B | $9.9B | $9.3B |
| Free cash flow | -$752M | -$353M | -$354M | -$365M | -$621M |
| Operating margin | 26.9% | 25.7% | 24.0% | 22.7% | 25.4% |
| Net margin | 15.0% | 15.3% | 13.7% | 13.5% | 16.5% |
| Diluted shares | 234M | 231M | 231M | 230M | 230M |
Share count is essentially flat over 4 years.
What Evergy says it does
Environmental Matters and Note 15 to the consolidated financial statements for additional information. In general, over time these laws and regulations have become increasingly stringent and compliance with these laws and regulations require an increasing share of capital and operating resources, which may reduce the resources available for other business objectives, including capital investments. Compliance with environmental laws, regulations and requirements requires significant capital and operating resources. Regulators may also disagree with the Evergy Companies' interpretation or application of environmental laws, regulations and requirements. The failure to comply with environmental laws, regulations and requirements could result in substantial fines, injunctive relief and other sanctions. The EPA has begun issuing coal combustion residual (CCR) Part A and Part B rule extension application determinations for companies that…
Risk factors EVRG lists in its 10-K
- Evergy Metro's 2026 Rate Case Proceeding
- Evergy Kansas Central's 2025 Rate Case Proceeding
- Large Load Power Service Rate Plans and Executed Large Customer Agreements
- Grant Township, et al. v. Board of County Commissioners
- Evergy Utility Gross Margin (non-GAAP)
- Adjusted Earnings (non-GAAP) and Adjusted EPS (non-GAAP)
- Gross Margin (GAAP) and Utility Gross Margin (non-GAAP)
- (December 31, 2025 compared to December 31, 2024)
- Long-Term Debt, Equity and Hybrid Security Issuances
- Shelf Registration Statements and Regulatory Authorizations
- Significant Contractual Obligations and Other Commitments
- Cash Flows from Operating Activities
- Cash Flows used in Investing Activities
- Cash Flows from Financing Activities