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H

Hydro One H.TO · CAD

Utilities · Toronto Stock Exchange · 🇨🇦 Canada

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57.09

-1.02%

Close of 9 Nov 2026, in CAD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CAD, from our data supplier.

FY2025

Revenue

C$9.04bn

FY2016FY2025

Net income

C$1.34bn

FY2016FY2025

Free cash flow

−C$275.0m

FY2016FY2025

Shareholders' equity

C$12.65bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$9.04bnC$8.48bnC$7.84bnC$7.78bnC$7.22bnC$7.29bnC$6.48bnC$6.15bnC$5.99bnC$6.55bn
Gross profitC$2.24bnC$1.97bnC$1.84bnC$1.83bnC$1.61bnC$1.48bnC$1.31bnC$1.38bnC$1.23bnC$1.28bn
Operating incomeC$2.24bnC$1.97bnC$1.84bnC$1.83bnC$1.61bnC$1.48bnC$1.31bnC$1.38bnC$1.23bnC$1.28bn
Net incomeC$1.34bnC$1.16bnC$1.08bnC$1.05bnC$965.0mC$1.79bnC$796.0mC$796.0mC$676.0mC$740.0m
Diluted earnings per share2.231.931.811.751.612.981.331.331.131.24

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$39.67bnC$36.68bnC$32.85bnC$31.46bnC$30.38bnC$30.29bnC$27.06bnC$25.66bnC$25.70bnC$25.35bn
Cash and short-term investmentsC$549.0mC$716.0mC$79.0mC$530.0mC$540.0mC$757.0mC$30.0mC$483.0mC$25.0mC$50.0m
Total liabilitiesC$26.93bnC$24.51bnC$21.09bnC$20.07bnC$19.41bnC$19.67bnC$17.19bnC$16.01bnC$15.45bnC$15.26bn
DebtC$19.12bnC$17.68bnC$15.69bnC$15.14bnC$14.66bnC$14.33bnC$12.62bnC$12.45bnC$11.48bnC$11.15bn
Shareholders' equityC$12.65bnC$12.09bnC$11.68bnC$11.31bnC$10.89bnC$10.53bnC$9.79bnC$9.57bnC$10.18bnC$10.02bn
Shares outstanding600m599m599m599m601m600m600m598m598m597m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$2.69bnC$2.53bnC$2.41bnC$2.26bnC$2.15bnC$2.03bnC$1.61bnC$1.57bnC$1.72bnC$1.66bn
Capital spending−C$2.97bn−C$2.81bn−C$2.35bn−C$2.09bn−C$2.07bn−C$1.84bn−C$1.63bn−C$1.54bn−C$1.55bn−C$1.66bn
Free cash flow−C$275.0m−C$274.0mC$67.0mC$174.0mC$78.0mC$186.0m−C$14.0mC$37.0mC$169.0m−C$5.0m
Dividends paid−C$788.0m−C$743.0m−C$700.0m−C$662.0m−C$629.0m−C$617.0m−C$588.0m−C$560.0m−C$536.0m−C$596.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$2.30bnC$2.65bnC$2.27bnC$2.30bnC$2.07bnC$2.41bnC$2.10bnC$2.19bn
Gross profitC$620.0mC$622.0mC$436.0mC$923.0mC$559.0mC$592.0mC$376.0mC$588.0m
Operating incomeC$620.0mC$622.0mC$436.0mC$680.0mC$559.0mC$592.0mC$376.0mC$588.0m
Net incomeC$370.0mC$391.0mC$233.0mC$421.0mC$327.0mC$358.0mC$200.0mC$371.0m
Diluted earnings per share0.620.650.390.700.550.600.330.62
Cash from operationsC$686.0mC$394.0mC$867.0mC$713.0mC$605.0mC$510.0mC$703.0mC$623.0m
Capital spending−C$659.0m−C$687.0m−C$805.0m−C$757.0m−C$794.0m−C$643.0m−C$679.0m−C$726.0m
Free cash flowC$27.0m−C$293.0mC$62.0m−C$44.0m−C$189.0m−C$133.0mC$24.0m−C$103.0m
Total assetsC$41.07bnC$39.72bnC$39.67bnC$38.77bnC$37.81bnC$37.09bnC$36.68bnC$35.12bn
Cash and short-term investmentsC$643.0mC$37.0mC$549.0mC$412.0mC$71.0mC$123.0mC$716.0mC$248.0m
DebtC$536.0mC$19.13bnC$19.13bnC$18.77bnC$18.11bnC$17.75bnC$17.69bnC$16.94bn
Shareholders' equityC$12.99bnC$12.84bnC$12.65bnC$12.61bnC$12.39bnC$12.26bnC$12.09bnC$12.08bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin24.8%23.2%23.5%23.5%22.3%20.3%
Operating margin24.8%23.2%23.5%23.5%22.3%20.3%
Net margin14.8%13.6%13.8%13.5%13.4%24.5%
Return on equity10.6%9.6%9.3%9.3%8.9%17.0%
Return on assets3.4%3.2%3.3%3.3%3.2%5.9%
Free cash flow yield18.2%17.2%15.3%14.0%13.5%12.4%
Revenue growth6.6%8.2%0.8%7.7%-0.9%12.5%
Earnings growth15.8%6.5%3.3%8.8%-46.0%124.6%
Current ratio0.61x0.60x0.50x0.51x0.61x0.67x
Debt to equity1.51x1.46x1.34x1.34x1.35x1.36x
Equity ratio31.9%33.0%35.6%35.9%35.8%34.8%
Interest coverage3.23x3.03x3.15x3.69x3.57x3.16x
Buybacks as a share of market value-0.1%-0.1%-0.1%0.3%-0.1%-0.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.1%4.4%3.3%
Operating income6.9%8.6%6.5%
Net income8.4%-5.6%6.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.0%23.8%23.0%21.9%
Operating margin24.0%23.8%23.0%21.9%
Net margin14.2%14.0%15.5%14.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings24.423.021.920.720.59.618.915.219.819.0
Price to sales3.63.13.02.82.72.42.32.02.22.1

Dividends and splits

Per share, in the currency the company pays

Paid for 10 years. Last went ex-dividend on 9 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.0391.3131.2391.1691.1051.0531.0020.955

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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