FTS vs HRNNF
Fortis Inc. and Hydro One Ltd., side by side — 9 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | FTS | HRNNF |
|---|---|---|
| Revenue | CAD 12.2B | CAD 9.0B |
| Net income | CAD 2.0B | CAD 1.3B |
| Gross margin | 72.3% | 50.4% |
| Net margin | 16.1% | 14.9% |
| Return on equity | 8.2% | 10.9% |
| Diluted EPS | CAD 3.40 | CAD 2.23 |
| Dividend / share | CAD 2.51 | CAD 1.31 |
| Payout ratio | 40.2% | 58.4% |
| Free cash flow | CAD -1.9B | CAD -275.0M |
| Equity | CAD 23.8B | CAD 12.6B |
| Net debt / equity | 1.41× | 1.46× |
| Current ratio | 0.51× | 0.61× |
| Revenue CAGR 5y | 6.4% | 4.4% |
| Profit CAGR 5y | 7.1% | · |
FTS bills 1.3× the revenue of HRNNF, and keeps more of each dollar of revenue as profit (16.1% against 14.9%).
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 | FTS | HRNNF |
|---|---|---|
| FY2025 | CAD 12.2B | CAD 9.0B |
| FY2024 | CAD 11.5B | CAD 8.5B |
| FY2023 | CAD 11.5B | CAD 7.8B |
| FY2022 | CAD 11.0B | CAD 7.8B |
| FY2021 | CAD 9.4B | CAD 7.2B |
| FY2020 | CAD 8.9B | CAD 7.3B |
| FY2019 | CAD 8.8B | CAD 6.5B |
| FY2018 | CAD 8.4B | CAD 6.2B |
| FY2017 | CAD 8.3B | CAD 6.0B |
Bottom line
| Fiscal year | FTS | HRNNF |
|---|---|---|
| FY2025 | CAD 2.0B | CAD 1.3B |
| FY2024 | CAD 1.8B | CAD 1.2B |
| FY2023 | CAD 1.7B | CAD 1.1B |
| FY2022 | CAD 1.5B | CAD 1.1B |
| FY2021 | CAD 1.4B | CAD 973.0M |
| FY2020 | CAD 1.4B | CAD 1.8B |
| FY2019 | CAD 1.9B | CAD 802.0M |
| FY2018 | CAD 1.3B | CAD -65.0M |
| FY2017 | CAD 1.1B | CAD 682.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 3,129,000,000 | FTS |
| FY2024 | +CAD 3,024,000,000 | FTS |
| FY2023 | +CAD 3,673,000,000 | FTS |
| FY2022 | +CAD 3,263,000,000 | FTS |
| FY2021 | +CAD 2,223,000,000 | FTS |
| FY2020 | +CAD 1,645,000,000 | FTS |
| FY2019 | +CAD 2,303,000,000 | FTS |
| FY2018 | +CAD 2,240,000,000 | FTS |
| FY2017 | +CAD 2,311,000,000 | FTS |
FTS has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.2 pp | FTS |
| FY2024 | +2.2 pp | FTS |
| FY2023 | +0.9 pp | FTS |
| FY2022 | +0.1 pp | FTS |
| FY2021 | +1.4 pp | FTS |
| FY2020 | −9.1 pp | HRNNF |
| FY2019 | +8.7 pp | FTS |
| FY2018 | +16.4 pp | FTS |
| FY2017 | +2.2 pp | FTS |
The higher net margin has changed hands between FTS and HRNNF over this period.
9 of 11 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 FTS's over the 9 comparable fiscal years — 6.2 percentage points of standard deviation against 2.1.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FTS and HRNNF over these 9 fiscal years — FTS led in 8 and HRNNF in 1.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HRNNF's return on equity has been more volatile than FTS's over the 7 comparable fiscal years — 2.9 percentage points of standard deviation against 1.0.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between FTS and HRNNF over these 7 fiscal years — FTS led in 1 and HRNNF in 6.
7 of 10 comparable fiscal years — a year missing data on either side is not counted.