STOCK TITAN

Evergy Inc Financials

EVRG
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Evergy Inc (EVRG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI EVRG FY2025

Evergy’s earnings engine is stable, but cash is absorbed by a rising asset build funded beyond internal generation.

Across the last 3 fiscal years, operating cash flow held near $2.0B even as capital spending kept climbing and consistently outran internally generated cash. That pushed the free cash flow deficit to -$752M, which suggests the weaker cash outcome is mainly a reinvestment choice tied to asset expansion rather than a breakdown in the core earning base.

The company carries thin on-hand liquidity: cash of $20M and a current ratio of 0.5x indicate short-term obligations are managed through ongoing collections, refinancing, and vendor timing rather than a large cash reserve. That funding style fits a business with long-lived assets, but it also means cash management discipline matters because the balance sheet is not built around idle liquidity.

Operating margin improved to 25.7%, yet net margin remained at 14.4%, so better asset-level profitability is not flowing through one-for-one to the bottom line. The pattern points to rising financing friction as debt and interest costs absorb part of the operating improvement, which helps explain why returns on assets and equity stayed fairly contained despite a larger asset base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 38 / 100
Financial Profile 38/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Evergy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
78

Evergy Inc has an operating margin of 25.7%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 25.1% the prior year.

Growth
40

Evergy Inc's revenue grew a modest 2.0% year-over-year to $6.0B. This slow but positive growth earns a score of 40/100.

Leverage
76

Evergy Inc carries a low D/E ratio of 1.28, meaning only $1.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
4

Evergy Inc's current ratio of 0.49 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
1

While Evergy Inc generated $2.0B in operating cash flow, capex of $2.8B consumed most of it, leaving -$751.7M in free cash flow. This results in a low score of 1/100, reflecting heavy capital investment rather than weak cash generation.

Returns
30

Evergy Inc's ROE of 8.4% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 8.8% the prior year.

Altman Z-Score Distress
0.86

Evergy Inc scores 0.86, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.9B) relative to total liabilities ($23.7B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak
3/9

Evergy Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.39x

For every $1 of reported earnings, Evergy Inc generates $2.39 in operating cash flow ($2.0B OCF vs $855.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.5x

Evergy Inc earns $2.5 in operating income for every $1 of interest expense ($1.5B vs $616.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$6.0B
YoY+2.0%
5Y CAGR+3.9%

Evergy Inc generated $6.0B in revenue in fiscal year 2025. This represents an increase of 2.0% from the prior year.

EBITDA
$2.7B
YoY+4.4%
5Y CAGR+5.9%

Evergy Inc's EBITDA was $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.4% from the prior year.

Net Income
$855.6M
YoY-2.0%
5Y CAGR+6.7%

Evergy Inc reported $855.6M in net income in fiscal year 2025. This represents a decrease of 2.0% from the prior year.

EPS (Diluted)
$3.66
YoY-3.4%
5Y CAGR+6.1%

Evergy Inc earned $3.66 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$751.7M
YoY-113.0%

Evergy Inc generated -$751.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 113.0% from the prior year.

Cash & Debt
$19.8M
YoY-10.0%
5Y CAGR-32.8%

Evergy Inc held $19.8M in cash against $13.0B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.70
YoY+3.9%
5Y CAGR+5.6%

Evergy Inc paid $2.70 per share in dividends in fiscal year 2025. This represents an increase of 3.9% from the prior year.

Shares Outstanding
230M

Evergy Inc had 230M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
25.7%
YoY+0.6pp
5Y CAGR+2.4pp

Evergy Inc's operating margin was 25.7% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin
14.3%
YoY-0.6pp
5Y CAGR+1.8pp

Evergy Inc's net profit margin was 14.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity
8.4%
YoY-0.4pp
5Y CAGR+1.3pp

Evergy Inc's ROE was 8.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$2.8B
YoY+19.7%
5Y CAGR+12.4%

Evergy Inc invested $2.8B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.7% from the prior year.

EVRG Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.3B-26.0% $1.8B+25.9% $1.4B+4.5% $1.4B+9.3% $1.3B-30.6% $1.8B+25.1% $1.4B+8.8% $1.3B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $239.0M-63.7% $658.5M+91.5% $343.8M+17.9% $291.6M+31.2% $222.2M-64.6% $627.5M+75.2% $358.1M+37.6% $260.2M
Interest Expense $158.0M+3.9% $152.0M-1.2% $153.8M+0.9% $152.5M+7.1% $142.4M-1.0% $143.9M+0.2% $143.6M+7.8% $133.2M
Income Tax -$15.7M-160.4% $26.0M+160.0% $10.0M+4.2% $9.6M+304.3% -$4.7M-123.5% $20.0M+170.3% $7.4M+1.4% $7.3M
Net Income $84.3M-82.3% $475.0M+177.3% $171.3M+37.0% $125.0M+59.8% $78.2M-83.2% $465.6M+124.9% $207.0M+68.7% $122.7M
EPS (Diluted) N/A $2.03+174.3% $0.74+37.0% $0.54 N/A $2.02+124.4% $0.90+69.8% $0.53

EVRG Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $33.9B+1.5% $33.4B+1.6% $32.9B+1.4% $32.5B+0.5% $32.3B+0.4% $32.1B+1.0% $31.8B+1.8% $31.3B
Current Assets $1.8B-5.7% $1.9B+3.2% $1.9B+1.7% $1.8B-0.3% $1.8B-7.6% $2.0B+1.3% $2.0B+7.5% $1.8B
Cash & Equivalents $19.8M-28.0% $27.5M-1.1% $27.8M-21.2% $35.3M+60.5% $22.0M-36.4% $34.6M+32.6% $26.1M-59.0% $63.7M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $214.2M-36.7% $338.3M-13.4% $390.8M+97.4% $198.0M-19.3% $245.4M-36.6% $386.8M-9.9% $429.3M+144.9% $175.3M
Goodwill $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B0.0% $2.3B
Total Liabilities $23.7B+2.5% $23.2B+0.9% $23.0B+1.9% $22.5B+0.9% $22.3B+0.9% $22.1B0.0% $22.1B+2.4% $21.6B
Current Liabilities $3.7B-1.0% $3.7B+0.6% $3.7B+11.9% $3.3B-9.5% $3.7B+1.5% $3.6B+8.9% $3.3B+3.8% $3.2B
Long-Term Debt $13.0B+4.8% $12.4B+0.4% $12.4B-0.1% $12.4B+5.0% $11.8B+2.1% $11.6B-3.2% $12.0B+2.5% $11.7B
Total Equity $10.2B-0.7% $10.3B+3.3% $10.0B+0.3% $9.9B-0.2% $10.0B-0.7% $10.0B+3.3% $9.7B+0.7% $9.6B
Retained Earnings $3.0B-2.5% $3.0B+11.8% $2.7B+0.6% $2.7B-1.0% $2.7B-2.7% $2.8B+12.7% $2.5B+2.4% $2.4B

EVRG Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $334.0M-64.4% $937.7M+189.5% $323.9M-28.0% $449.6M+13.7% $395.6M-58.5% $953.3M+200.3% $317.5M+0.1% $317.3M
Capital Expenditures $864.5M+21.4% $712.3M+13.6% $627.3M+5.8% $592.8M+15.3% $514.2M-2.3% $526.3M-22.3% $677.5M+9.5% $618.6M
Free Cash Flow -$530.5M-335.4% $225.4M+174.3% -$303.4M-111.9% -$143.2M-20.7% -$118.6M-127.8% $427.0M+218.6% -$360.0M-19.5% -$301.3M
Investing Cash Flow -$668.1M-0.2% -$666.6M-4.7% -$636.5M-6.3% -$598.9M-27.0% -$471.5M+9.4% -$520.2M+24.3% -$686.9M-17.8% -$583.2M
Financing Cash Flow $317.5M+221.0% -$262.5M-188.9% $295.4M+72.1% $171.6M+249.5% $49.1M+111.9% -$411.9M-221.3% $339.5M+11.8% $303.6M
Dividends Paid $157.4M+4.2% $151.1M+0.1% $151.0M-1.7% $153.6M+0.1% $153.5M+3.9% $147.8M+0.1% $147.7M0.0% $147.7M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

EVRG Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 17.8%-18.6pp 36.4%+12.5pp 23.9%+2.7pp 21.2%+3.5pp 17.7%-17.0pp 34.6%+9.9pp 24.7%+5.2pp 19.6%
Net Margin 6.3%-20.0pp 26.2%+14.3pp 11.9%+2.8pp 9.1%+2.9pp 6.2%-19.5pp 25.7%+11.4pp 14.3%+5.1pp 9.2%
Return on Equity 0.8%-3.8pp 4.6%+2.9pp 1.7%+0.5pp 1.3%+0.5pp 0.8%-3.8pp 4.6%+2.5pp 2.1%+0.9pp 1.3%
Return on Assets 0.3%-1.2pp 1.4%+0.9pp 0.5%+0.1pp 0.4%+0.1pp 0.2%-1.2pp 1.5%+0.8pp 0.7%+0.3pp 0.4%
Current Ratio 0.49-0.0 0.52+0.0 0.50-0.1 0.55+0.1 0.50-0.0 0.55-0.0 0.59+0.0 0.57
Debt-to-Equity 1.28+0.1 1.21-0.0 1.240.0 1.25+0.1 1.19+0.0 1.15-0.1 1.23+0.0 1.21
FCF Margin -39.6%-52.0pp 12.4%+33.6pp -21.1%-10.7pp -10.4%-1.0pp -9.4%-33.0pp 23.6%+48.4pp -24.9%-2.2pp -22.6%

Note: The current ratio is below 1.0 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Frequently Asked Questions

Evergy Inc (EVRG) reported $6.0B in total revenue for fiscal year 2025. This represents a 2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Evergy Inc (EVRG) revenue grew by 2% year-over-year, from $5.8B to $6.0B in fiscal year 2025.

Yes, Evergy Inc (EVRG) reported a net income of $855.6M in fiscal year 2025, with a net profit margin of 14.3%.

Evergy Inc (EVRG) reported diluted earnings per share of $3.66 for fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Evergy Inc (EVRG) had EBITDA of $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Evergy Inc (EVRG) had $19.8M in cash and equivalents against $13.0B in long-term debt.

Evergy Inc (EVRG) had an operating margin of 25.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Evergy Inc (EVRG) had a net profit margin of 14.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Evergy Inc (EVRG) paid $2.70 per share in dividends during fiscal year 2025.

Evergy Inc (EVRG) has a return on equity of 8.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Evergy Inc (EVRG) generated -$751.7M in free cash flow during fiscal year 2025. This represents a -113.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Evergy Inc (EVRG) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Evergy Inc (EVRG) had $33.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Evergy Inc (EVRG) invested $2.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Evergy Inc (EVRG) had 230M shares outstanding as of fiscal year 2025.

Evergy Inc (EVRG) had a current ratio of 0.49 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Evergy Inc (EVRG) had a debt-to-equity ratio of 1.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Evergy Inc (EVRG) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Evergy Inc (EVRG) has an Altman Z-Score of 0.86, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Evergy Inc (EVRG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Evergy Inc (EVRG) has an earnings quality ratio of 2.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Evergy Inc (EVRG) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Evergy Inc (EVRG) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

Back to top