Evergy
EVRG · NasdaqElectric & Other Services Combined · Fiscal year ends Dec 31
Evergy reported revenue of $5.7B in the fiscal year ended Dec 2025, up 0.0% from the year before. Operating income was $1.5B, an operating margin of 26.9%, and net income was $856M. Operating cash flow of $2B less capital expenditure of $2.8B left free cash flow of −$752M. Net debt was $13.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.6B | $5.3B | $5.7B | $5.7B |
| Operating income | $1.4B | $1.3B | $1.3B | $1.5B | $1.5B |
| Interest expense | $373M | $404M | $526M | $563M | $616M |
| Pre-tax income | $1B | $805M | $752M | $908M | $891M |
| Income tax | $117M | $48M | $16M | $30M | $30M |
| Net income | $880M | $753M | $731M | $874M | $856M |
| Diluted EPS | 3.83 | 3.27 | 3.17 | 3.79 | 3.66 |
| Diluted shares | 230M | 230M | 231M | 231M | 234M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $26M | $25M | $28M | $22M | $20M |
| Receivables | $222M | $315M | $257M | $245M | $214M |
| Current assets | $1.7B | $1.8B | $1.8B | $1.8B | $1.8B |
| Net PP&E | $21B | $22.1B | $23.7B | $24.9B | $26.3B |
| Goodwill | $2.3B | $2.3B | $2.3B | $2.3B | $2.3B |
| Total assets | $28.5B | $29.5B | $31B | $32.3B | $33.9B |
| Payables | $640M | $601M | $617M | $614M | $654M |
| Current liabilities | $3.1B | $3.5B | $3.5B | $3.7B | $3.7B |
| Short-term debt | $389M | $439M | $800M | $652M | $367M |
| Long-term debt | $9.3B | $9.9B | $11.1B | $11.8B | $13B |
| Shareholders' equity | $9.2B | $9.5B | $9.7B | $10B | $10.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.8B | $2B | $2B | $2B |
| Capital expenditure | $2B | $2.2B | $2.3B | $2.3B | $2.8B |
| Free cash flow | −$621M | −$365M | −$354M | −$353M | −$752M |
| Depreciation & amortisation | $896M | $929M | $1.1B | $1.1B | $1.2B |
| Stock-based compensation | $16M | $19M | $18M | $15M | $21M |
| Share buybacks | $0 | – | – | – | – |
| Dividends paid | $498M | $535M | $570M | $597M | $613M |
| Dividend per share | 2.18 | 2.33 | 2.48 | 2.60 | 2.70 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.9% | −4.4% | 6.7% | 0.0% |
| Operating income growth (YoY) | – | −6.5% | 1.2% | 14.5% | 4.4% |
| EPS growth (YoY) | – | −14.6% | −3.1% | 19.6% | −3.4% |
| Operating margin | 25.4% | 22.7% | 24.0% | 25.7% | 26.9% |
| Net margin | 16.5% | 13.5% | 13.7% | 15.3% | 15.0% |
| Return on equityBlank when equity is negative | 9.5% | 7.9% | 7.6% | 8.8% | 8.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 5.3% | 4.9% | 4.7% | 5.1% | 5.1% |
| Free cash flow margin | −11.6% | −6.5% | −6.6% | −6.2% | −13.2% |
| Cash conversion (CFO ÷ net income) | 1.54x | 2.39x | 2.71x | 2.27x | 2.39x |
| Receivable days | 15 | 21 | 18 | 16 | 14 |
| Interest cover | 3.64x | 3.14x | 2.44x | 2.61x | 2.49x |
| Debt ÷ equity | 1.05x | 1.09x | 1.23x | 1.25x | 1.31x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $9.7B | $10.3B | $11.8B | $12.4B | $13.4B |
| Current ratio | 0.55x | 0.53x | 0.51x | 0.50x | 0.49x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.