Hydro One Limited

TSX:H Stock Report

Market Cap: CA$29.8b

Hydro One Past Earnings Performance

Past criteria checks 4/6

Hydro One's earnings have been declining at an average annual rate of -6.4%, while the Electric Utilities industry saw earnings growing at 6% annually. Revenues have been growing at an average rate of 4.3% per year. Hydro One's return on equity is 10%, and it has net margins of 14%.

Key information

-6.39%

Earnings growth rate

-6.48%

EPS growth rate

Electric Utilities Industry Growth7.32%
Revenue growth rate4.30%
Return on equity9.97%
Net Margin13.99%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Hydro One's (TSE:H) Upcoming Dividend Will Be Larger Than Last Year's

May 13
Hydro One's (TSE:H) Upcoming Dividend Will Be Larger Than Last Year's

Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

May 09
Does This Valuation Of Hydro One Limited (TSE:H) Imply Investors Are Overpaying?

Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Apr 24
Returns On Capital At Hydro One (TSE:H) Have Hit The Brakes

Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Apr 09
Does Hydro One (TSE:H) Have A Healthy Balance Sheet?

Risks To Shareholder Returns Are Elevated At These Prices For Hydro One Limited (TSE:H)

Mar 08
Risks To Shareholder Returns Are Elevated At These Prices For Hydro One Limited (TSE:H)

Does Hydro One (TSE:H) Deserve A Spot On Your Watchlist?

Jan 27
Does Hydro One (TSE:H) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of Hydro One Limited (TSE:H)

Jan 10
Estimating The Fair Value Of Hydro One Limited (TSE:H)

Returns On Capital At Hydro One (TSE:H) Have Stalled

Dec 25
Returns On Capital At Hydro One (TSE:H) Have Stalled

Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Nov 23
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt
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Calculated Investments Drive Revenue And Margins Up

Population growth and new projects are expected to boost Hydro One's revenue through investments in transmission and distribution.

Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking

Oct 17
Investor Optimism Abounds Hydro One Limited (TSE:H) But Growth Is Lacking

If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity

Oct 01
If EPS Growth Is Important To You, Hydro One (TSE:H) Presents An Opportunity

Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)

Sep 16
Calculating The Intrinsic Value Of Hydro One Limited (TSE:H)

Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142

Aug 17
Hydro One (TSE:H) Is Due To Pay A Dividend Of CA$0.3142

Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden

Aug 03
Here's Why Hydro One (TSE:H) Has A Meaningful Debt Burden

Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now

Jul 16
Pinning Down Hydro One Limited's (TSE:H) P/E Is Difficult Right Now

A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)

Jun 09
A Look At The Intrinsic Value Of Hydro One Limited (TSE:H)

Revenue & Expenses Breakdown

How Hydro One makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:H Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 258,7261,22100
31 Dec 248,4841,15600
30 Sep 248,3681,13700
30 Jun 248,1101,12300
31 Mar 247,9361,09600
31 Dec 237,8441,08500
30 Sep 237,7271,08200
30 Jun 237,8241,03200
31 Mar 237,8071,02200
31 Dec 227,7801,05000
30 Sep 227,6971,03100
30 Jun 227,5791,02400
31 Mar 227,4611,00700
31 Dec 217,22596500
30 Sep 217,31396700
30 Jun 217,30394800
31 Mar 217,2511,81300
31 Dec 207,2901,77000
30 Sep 207,1381,82000
30 Jun 206,8281,78000
31 Mar 206,57183200
31 Dec 196,48077800
30 Sep 196,256-13800
30 Jun 196,269-18500
31 Mar 196,333-14000
31 Dec 186,150-8900
30 Sep 186,09877100
30 Jun 186,01479600
31 Mar 185,90871300
31 Dec 175,99065800
30 Sep 176,16563100
30 Jun 176,34964500
31 Mar 176,52468000
31 Dec 166,55272100
30 Sep 166,46073600
30 Jun 166,39969100
31 Mar 166,41667000
31 Dec 156,53869000
30 Sep 156,67876300
30 Jun 156,58974400
31 Mar 156,59272300
31 Dec 146,54873100
30 Sep 146,44367000
30 Jun 146,42971500

Quality Earnings: H has high quality earnings.

Growing Profit Margin: H's current net profit margins (14%) are higher than last year (13.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: H's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: H's earnings growth over the past year (11.4%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: H earnings growth over the past year (11.4%) exceeded the Electric Utilities industry 8.6%.

Return on Equity

High ROE: H's Return on Equity (10%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 02:36
End of Day Share Price 2025/05/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hydro One Limited is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Ross FowlerBarclays
Benjamin PhamBMO Capital Markets Equity Research