EMA vs HRNNF
Emera Inc. and Hydro One Ltd., side by side — 9 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | EMA | HRNNF |
|---|---|---|
| Revenue | CAD 8.8B | CAD 9.0B |
| Net income | CAD 1.1B | CAD 1.3B |
| Gross margin | · | 50.4% |
| Net margin | 12.4% | 14.9% |
| Return on equity | · | 10.9% |
| Diluted EPS | CAD 3.38 | CAD 2.23 |
| Dividend / share | CAD 2.91 | CAD 1.31 |
| Payout ratio | · | 58.4% |
| Free cash flow | CAD -1.7B | CAD -275.0M |
| Equity | CAD 13.4B | CAD 12.6B |
| Net debt / equity | · | 1.46× |
| Current ratio | 0.66× | 0.61× |
| Revenue CAGR 5y | 9.8% | 4.4% |
| Profit CAGR 5y | 2.1% | · |
EMA and HRNNF book revenue within 15% of each other, and HRNNF keeps more of each dollar of revenue as profit (14.9% against 12.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | EMA | HRNNF |
|---|---|---|
| FY2025 | CAD 8.8B | CAD 9.0B |
| FY2024 | CAD 7.2B | CAD 8.5B |
| FY2023 | CAD 7.6B | CAD 7.8B |
| FY2022 | CAD 7.6B | CAD 7.8B |
| FY2021 | CAD 5.8B | CAD 7.2B |
| FY2020 | CAD 5.5B | CAD 7.3B |
| FY2019 | CAD 6.1B | CAD 6.5B |
| FY2018 | CAD 6.5B | CAD 6.2B |
| FY2017 | CAD 6.2B | CAD 6.0B |
Bottom line
| Fiscal year | EMA | HRNNF |
|---|---|---|
| FY2025 | CAD 1.1B | CAD 1.3B |
| FY2024 | CAD 568.0M | CAD 1.2B |
| FY2023 | CAD 1.0B | CAD 1.1B |
| FY2022 | CAD 1.0B | CAD 1.1B |
| FY2021 | CAD 561.0M | CAD 973.0M |
| FY2020 | CAD 984.0M | CAD 1.8B |
| FY2019 | CAD 710.0M | CAD 802.0M |
| FY2018 | CAD 747.0M | CAD -65.0M |
| FY2017 | CAD 299.0M | CAD 682.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 265,000,000 | HRNNF |
| FY2024 | −CAD 1,284,000,000 | HRNNF |
| FY2023 | −CAD 281,000,000 | HRNNF |
| FY2022 | −CAD 192,000,000 | HRNNF |
| FY2021 | −CAD 1,460,000,000 | HRNNF |
| FY2020 | −CAD 1,784,000,000 | HRNNF |
| FY2019 | −CAD 369,000,000 | HRNNF |
| FY2018 | +CAD 374,000,000 | EMA |
| FY2017 | +CAD 236,000,000 | EMA |
The higher-revenue side has changed between EMA and HRNNF over this period. The gap has widened since the earliest year compared.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.5 pp | HRNNF |
| FY2024 | −5.8 pp | HRNNF |
| FY2023 | −0.1 pp | HRNNF |
| FY2022 | −0.3 pp | HRNNF |
| FY2021 | −3.7 pp | HRNNF |
| FY2020 | −6.8 pp | HRNNF |
| FY2019 | −0.8 pp | HRNNF |
| FY2018 | +12.5 pp | EMA |
| FY2017 | −6.6 pp | HRNNF |
The higher net margin has changed hands between EMA and HRNNF over this period.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HRNNF's net margin has been more volatile than EMA's over the 9 comparable fiscal years — 6.2 percentage points of standard deviation against 3.5.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between EMA and HRNNF over these 9 fiscal years — EMA led in 1 and HRNNF in 8.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.