Eversource Energy (ES) — Capital Reinvestment Ratio
Eversource Energy (ES) has a Capital Reinvestment Ratio of 0.76x as of March 2026, meaning it reinvests 1% of its operating cash flow ($1.32 Billion) in capital expenditures ($1.01 Billion). Check tangible net worth ratio of Eversource Energy to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Eversource Energy Capital Reinvestment Ratio (1994–2025)
This chart tracks Eversource Energy's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see Eversource Energy (ES) cash conversion ratio.
Annual Capital Reinvestment Ratio for Eversource Energy (1994–2025)
Year-by-year Capital Reinvestment Ratio for Eversource Energy from 1994 to 2025. See ES free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 3.54x | $1.18 Billion | $4.16 Billion | ▲ +70.5% |
| 2024 | 2.07x | $2.16 Billion | $4.48 Billion | ▼ -21.3% |
| 2023 | 2.63x | $1.65 Billion | $4.34 Billion | ▲ +83.8% |
| 2022 | 1.43x | $2.40 Billion | $3.44 Billion | ▼ -11.4% |
| 2021 | 1.62x | $1.96 Billion | $3.18 Billion | ▼ -7.5% |
| 2020 | 1.75x | $1.68 Billion | $2.94 Billion | ▲ +20.7% |
| 2019 | 1.45x | $2.01 Billion | $2.91 Billion | ▲ +2.4% |
| 2018 | 1.41x | $1.78 Billion | $2.52 Billion | ▲ +20.8% |
| 2017 | 1.17x | $2.00 Billion | $2.35 Billion | ▲ +28.9% |
| 2016 | 0.91x | $2.18 Billion | $1.98 Billion | ▼ -24.9% |
| 2015 | 1.21x | $1.42 Billion | $1.72 Billion | ▲ +23.5% |
| 2014 | 0.98x | $1.64 Billion | $1.60 Billion | ▲ +12.0% |
| 2013 | 0.88x | $1.66 Billion | $1.46 Billion | ▼ -30.9% |
| 2012 | 1.27x | $1.16 Billion | $1.47 Billion | ▲ +14.3% |
| 2011 | 1.11x | $970.39 Million | $1.08 Billion | ▲ +27.1% |
| 2010 | 0.87x | $1.09 Billion | $954.47 Million | ▼ -4.9% |
| 2009 | 0.92x | $989.12 Million | $908.15 Million | ▼ -52.5% |
| 2008 | 1.93x | $649.42 Million | $1.26 Billion | ▼ -56.9% |
| 2007 | 4.49x | $248.44 Million | $1.11 Billion | ▲ +109.4% |
| 2006 | 2.14x | $407.07 Million | $872.18 Million | ▲ +21.9% |
| 2005 | 1.76x | $441.20 Million | $775.36 Million | ▲ +41.1% |
| 2004 | 1.25x | $517.07 Million | $643.82 Million | ▲ +34.2% |
| 2003 | 0.93x | $573.57 Million | $532.25 Million | ▲ +21.3% |
| 2002 | 0.77x | $612.64 Million | $468.84 Million | ▼ -34.9% |
| 2001 | 1.17x | $376.74 Million | $442.59 Million | ▲ +64.1% |
| 2000 | 0.72x | $578.38 Million | $414.02 Million | ▲ +33.4% |
| 1999 | 0.54x | $614.20 Million | $329.60 Million | ▲ +57.9% |
| 1998 | 0.34x | $688.70 Million | $234.00 Million | ▼ -46.7% |
| 1997 | 0.64x | $377.20 Million | $240.30 Million | ▲ +118.8% |
| 1996 | 0.29x | $815.50 Million | $237.40 Million | ▲ +3.0% |
| 1995 | 0.28x | $883.30 Million | $249.70 Million | ▼ -9.7% |
| 1994 | 0.31x | $920.90 Million | $288.20 Million | — |