TSX:H

Hydro One Limited · TSX · Utilities · CAD · FY for 2025

Figures on this page computed 2026-11-07 12:10 UTC

Last close

n/aCAD

Market data

We are not showing closes for this listing. A line drawn through points we do not hold would look exactly like a listing that did not move.

25.9xP/E
Price / Earnings per Share (diluted)
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
- Computed from the filing for 2025
n/aROIC
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
14.8%Net margin
Net Income / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
n/aFCF margin
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Free Cash Flow / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
n/aDebt/equity
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Total Debt / Shareholders' Equity
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
n/aDividend yield
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed

Price is the furthest below its sector's middle: 0.36 against 0.47 on the market's range.

Five bars, one line

lens 7 of 9

1.24x

1.26x

-19.23x

1.33x

n/a

SalesProfitFree cash flowDebtPrice

Each bar against this company's own average; the line is that average.

Computed2025

Market datan/a

Each against its own average

4 of 5 read

Except where said otherwise: Computed from the filing for 2025

Sales1.24x
Its own average over 10 years, 7.28B.
Profit1.26x
Its own average over 9 years, 1.06B.
Free cash flow-19.23x
Its own average over 10 years, 14.3M.
Debt1.33x
Its own average over 10 years, 14.48B.
Pricen/a
Its own average over 0 years. Market data

Free cash flow is furthest from its own average, at -19.23 times.

The filed years, as a table

Each line is 100 at 2016-12-31, the first year we hold.

Filed year	Sales	Profit	Shares in issue
2016-12-31	100.0	100.0	100.0
2017-12-31	91.4	91.3	100.1
2018-12-31	93.9	n/a	100.2
2019-12-31	98.9	110.4	100.4
2020-12-31	111.3	248.0	100.5
2021-12-31	110.3	133.8	100.6
2022-12-31	118.7	145.6	100.7
2023-12-31	119.7	150.5	100.6
2024-12-31	129.5	160.3	100.7
2025-12-31	138.0	185.7	100.7

How sales was got

Source: computed
Statement: income
Fiscal year: 2025
Reported in: CAD

How profit was got

Source: computed
Statement: income
Fiscal year: 2025
Reported in: CAD

How shares in issue was got

Source: computed
Statement: income
Fiscal year: 2025
Reported in: CAD

Figures behind the shape

Growth

4.4%

faster is higher, placed against 4,950 companies as of 2026-11-06

Five-year revenue growth rate4.4%
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
Five-year EPS growth rate-5.5%
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
One-year change in net income15.8%
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed

Returns on capital

3.4%

higher is higher, placed against 5,089 companies as of 2026-11-06

Return on invested capitaln/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
Return on equityn/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Net Income / Shareholders' Equity x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Return on assets3.4%
Net Income / Total Assets x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025

Margins

24.8%

wider is higher, placed against 4,336 companies as of 2026-11-06

Gross margin24.8%
Gross Profit / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Operating margin24.8%
Operating Income / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Net margin14.8%
Net Income / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Free cash flow marginn/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Free Cash Flow / Revenue x 100
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025

Price

25.9x

cheaper is higher, placed against 4,362 companies as of 2026-11-06

Price to earnings25.9x
Price / Earnings per Share (diluted)
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
- Computed from the filing for 2025
Price to book2.7x
Price / Book Value per Share, where BVPS = Shareholders' Equity / Diluted Shares
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
- Computed from the filing for 2025
- computed
- Computed from the filing for 2025
EV to EBITDA15.8x
Enterprise Value / EBITDA, where EV = Market Cap + Total Debt - Cash
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
Price to sales ratio3.8x
Market Cap / Revenue, where Market Cap = Price x Diluted Shares
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
- Computed from the filing for 2025
- Computed from the filing for 2025

Safety

0.61

safer is higher, placed against 3,227 companies as of 2026-11-06

Debt to equityn/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Total Debt / Shareholders' Equity
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Current ratio0.61
Current Assets / Current Liabilities
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Interest coveragen/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Operating Income / Interest Expense
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
Altman Z-Score1.39
1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA)
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025

What it pays out

-0.3x

more, and better covered, is higher, placed against 1,091 companies as of 2026-11-06

Dividend yieldn/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed
Payout ration/a
This figure is scaled by the business model rather than by management, so it can only be read against its own sector. We do not hold a large enough sector cohort, and we will not fall back to the whole market.
Common Dividends Paid / Net Income x 100, both from the latest filed fiscal year
Source
computed
Taken on
2026-11-07
Reported in
CAD
- Computed from the filing for 2025
- Computed from the filing for 2025
- Computed from the filing for 2025
Dividend cover ratio-0.3x
Source
computed
Taken on
2026-11-07
Reported in
CAD
- computed

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