HRNNF vs TAC
Hydro One Ltd. and Transalta Corp., side by side — 9 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | HRNNF | TAC |
|---|---|---|
| Revenue | CAD 9.0B | CAD 2.4B |
| Net income | CAD 1.3B | CAD -138.0M |
| Gross margin | 50.4% | 59.0% |
| Net margin | 14.9% | −6.6% |
| Return on equity | 10.9% | −8.8% |
| Diluted EPS | CAD 2.23 | −CAD 0.64 |
| Dividend / share | CAD 1.31 | · |
| Payout ratio | 58.4% | · |
| Free cash flow | CAD -275.0M | CAD 397.0M |
| Equity | CAD 12.6B | CAD 1.4B |
| Net debt / equity | 1.46× | 2.42× |
| Current ratio | 0.61× | 0.73× |
| Revenue CAGR 5y | 4.4% | 2.7% |
| Profit CAGR 5y | · | · |
HRNNF bills 3.8× the revenue of TAC, and TAC closed the last reported year at a loss.
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 | HRNNF | TAC |
|---|---|---|
| FY2025 | CAD 9.0B | CAD 2.4B |
| FY2024 | CAD 8.5B | CAD 2.8B |
| FY2023 | CAD 7.8B | CAD 3.4B |
| FY2022 | CAD 7.8B | CAD 3.0B |
| FY2021 | CAD 7.2B | CAD 2.7B |
| FY2020 | CAD 7.3B | CAD 2.1B |
| FY2019 | CAD 6.5B | CAD 2.3B |
| FY2018 | CAD 6.2B | CAD 2.2B |
| FY2017 | CAD 6.0B | CAD 2.3B |
Bottom line
| Fiscal year | HRNNF | TAC |
|---|---|---|
| FY2025 | CAD 1.3B | CAD -138.0M |
| FY2024 | CAD 1.2B | CAD 229.0M |
| FY2023 | CAD 1.1B | CAD 695.0M |
| FY2022 | CAD 1.1B | CAD 50.0M |
| FY2021 | CAD 973.0M | CAD -537.0M |
| FY2020 | CAD 1.8B | CAD -287.0M |
| FY2019 | CAD 802.0M | CAD 82.0M |
| FY2018 | CAD -65.0M | CAD -198.0M |
| FY2017 | CAD 682.0M | CAD -160.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 6,636,000,000 | HRNNF |
| FY2024 | +CAD 5,639,000,000 | HRNNF |
| FY2023 | +CAD 4,489,000,000 | HRNNF |
| FY2022 | +CAD 4,804,000,000 | HRNNF |
| FY2021 | +CAD 4,504,000,000 | HRNNF |
| FY2020 | +CAD 5,189,000,000 | HRNNF |
| FY2019 | +CAD 4,133,000,000 | HRNNF |
| FY2018 | +CAD 3,901,000,000 | HRNNF |
| FY2017 | +CAD 3,683,000,000 | HRNNF |
HRNNF 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 | +21.5 pp | HRNNF |
| FY2024 | +5.3 pp | HRNNF |
| FY2023 | −9.8 pp | TAC |
| FY2022 | +8.2 pp | HRNNF |
| FY2021 | +29.1 pp | HRNNF |
| FY2020 | +36.7 pp | HRNNF |
| FY2019 | +4.9 pp | HRNNF |
| FY2018 | +2.9 pp | HRNNF |
| FY2017 | +16.5 pp | HRNNF |
The higher net margin has changed hands between HRNNF and TAC over this period.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAC's net margin has been more volatile than HRNNF's over the 9 comparable fiscal years — 11.5 percentage points of standard deviation against 6.2.
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 HRNNF and TAC over these 9 fiscal years — HRNNF led in 8 and TAC in 1.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAC's return on equity has been more volatile than HRNNF's over the 9 comparable fiscal years — 20.9 percentage points of standard deviation against 4.5.
9 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 HRNNF and TAC over these 9 fiscal years — HRNNF led in 7 and TAC in 2.
9 of 10 comparable fiscal years — a year missing data on either side is not counted.