Is the business good?
How good a business is EVRG?
Evergy earns 4.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.8%
Return on invested capital · cost of capital 9.0% · 4.2 points below what the capital costs: growth destroys value
- Operating margin
- 26%
Operating margin · Utilities - Regulated Electric median 22% · 12 months to Q1 2026
- Cash conversion
- −1.25×
Cash conversion · −0.22× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +1.5%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 23% |
| FY2021 | 24% |
| FY2022 | 22% |
| FY2023 | 23% |
| FY2024 | 25% |
| FY2025 | 26% |
Details›
- Operating margin12 months to Q1 2026
- 26%
- Net margin12 months to Q1 2026
- 15%
- Free cash flow margin
- −18%
- Revenue, trailing twelve months
- $6.03B
- Free cash flow, trailing twelve months
- −$1.10B
- Net income, trailing twelve months
- $882M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Utilities - Regulated Electric
Ranks #31 of 37 by Smart Score