Hammond Power Solutions Past Earnings Performance
Past criteria checks 2/6
Hammond Power Solutions has been growing earnings at an average annual rate of 25.5%, while the Electrical industry saw earnings growing at 15.6% annually. Revenues have been growing at an average rate of 19.5% per year. Hammond Power Solutions's return on equity is 16%, and it has net margins of 5.8%.
Key information
25.49%
Earnings growth rate
25.33%
EPS growth rate
| Electrical Industry Growth | 30.99% |
| Revenue growth rate | 19.50% |
| Return on equity | 15.97% |
| Net Margin | 5.80% |
| Next Earnings Update | 29 Oct 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 15
HPS.A: Index Inclusion And Backlog Strength Will Support Bullish Forward Returns
Narrative Update: Hammond Power Solutions The updated analyst fair value estimate for Hammond Power Solutions moves modestly higher to about CA$363 per share. Analysts point to recent price target increases, a strong year-end 2025 backlog and expectations for sustained double digit revenue growth as key supports for the stock’s outlook.Narrative Update • Jun 01
HPS.A: Backlog Strength And Overweight Rating Will Shape Balanced Forward Returns
The analyst price target for Hammond Power Solutions has been raised from CA$346.50 to CA$358.43. Analysts point to the recent Overweight initiation, higher Street targets, and the company's position in low to medium voltage transformers as key supports for the update.Narrative Update • May 14
HPS.A: Higher P/E And Discount Rate Will Shape Balanced Forward Returns
Analysts have lifted their fair value estimate for Hammond Power Solutions from CA$241.20 to CA$346.50, reflecting recent price target increases and updated assumptions for revenue growth, profit margins, and future P/E multiples cited in Street research. Analyst Commentary Recent Street research has focused on recalibrating price targets for Hammond Power Solutions, with multiple firms updating their models and valuation ranges over the past several months.Narrative Update • Apr 26
HPS.A: Richer P/E And Higher Discount Rate Will Pressure Forward Returns
Narrative update on Hammond Power Solutions The analyst price target for Hammond Power Solutions has moved from CA$239.00 to CA$241.20. Analysts have pointed to recent bullish initiation and successive target increases as support for this revised view.Narrative Update • Apr 11
HPS.A: Updated Discount Rate And P/E Assumptions Will Shape Future Return Profile
Analysts have lifted their fair value estimate for Hammond Power Solutions to CA$239.00 from CA$235.25, citing recent upward revisions to Street price targets and updated assumptions for the discount rate and forward P/E. Analyst Commentary Recent Street research has focused on incremental price target adjustments and how they line up with the updated fair value estimate of CA$239.00.Narrative Update • Mar 28
HPS.A: Higher Margin Outlook And P/E Framework Support Bullish Earnings View
Analysts have nudged their fair value price target for Hammond Power Solutions to CA$235.25 from CA$232. This reflects updated assumptions on growth, margins and P/E multiples following recent Street research price target increases.Analysis Article • Mar 26
Hammond Power Solutions' (TSE:HPS.A) Profits Appear To Have Quality Issues
Hammond Power Solutions Inc.'s ( TSE:HPS.A ) healthy profit numbers didn't contain any surprises for investors. We...Narrative Update • Mar 12
HPS.A: Higher Confidence In Future Earnings Power Supports Bullish Outlook
Analysts have raised their CA$ price target on Hammond Power Solutions to CA$223 from CA$211, citing updated assumptions around revenue growth, margins, and future P/E that support a higher fair value estimate. Analyst Commentary Analysts who raised their CA$ price target to CA$223 are signaling more confidence in Hammond Power Solutions' ability to support a higher valuation based on their updated assumptions.Narrative Update • Feb 26
HPS.A: Higher Growth Assumptions Will Support Stronger Long Term Earnings Power
Analysts have raised their CA$ fair value estimate for Hammond Power Solutions to CA$232.00 from CA$215.25, reflecting updated assumptions on growth, margins and future P/E, in line with recent Street price target moves to CA$223. Analyst Commentary Recent Street research reflects a more constructive view on Hammond Power Solutions, with bullish analysts lifting their fair value expectations in line with a higher CA$223 price target.Analysis Article • Feb 14
What Hammond Power Solutions Inc.'s (TSE:HPS.A) 30% Share Price Gain Is Not Telling You
The Hammond Power Solutions Inc. ( TSE:HPS.A ) share price has done very well over the last month, posting an excellent...Narrative Update • Feb 09
HPS.A: Stable Assumptions Will Support Long Term Margins And Fair Pricing
Analysts have left their price target for Hammond Power Solutions unchanged at $215.25, citing stable assumptions around revenue growth, profit margins, discount rate and forward P/E. Valuation Changes Fair Value: Modelled fair value remains unchanged at CA$215.25, indicating no adjustment to the central valuation estimate.Narrative Update • Jan 25
HPS.A: Rising Grid Demand And Consistent Execution Will Support Long Term Margins
Narrative update on Hammond Power Solutions Analysts have lifted their average price target on Hammond Power Solutions to about C$211, up from a prior range that included C$154 and C$150. They cited refreshed research that supports current fair value assumptions and only modest tweaks to discount rate and P/E inputs.Analysis Article • Jan 21
Here's Why Hammond Power Solutions (TSE:HPS.A) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Jan 10
HPS.A: Rising Grid Demand And Acquisitions Will Support Long Term Margins
Analysts have raised their price targets on Hammond Power Solutions to a range of C$195 to C$211, citing updated assumptions on discount rates and long term P/E that align the Street view more closely with the current C$215.25 fair value estimate. Analyst Commentary Recent target changes show that Street expectations are converging around the current fair value estimate, with bullish analysts lifting their targets into a C$195 to C$211 range while maintaining positive ratings on the shares.Narrative Update • Dec 23
HPS.A: Future Grid Modernization Demand Will Drive Margin Durability
Analysts have modestly lifted their price target on Hammond Power Solutions to C$215.25 from C$215.25. This reflects slightly lower discount rate assumptions and confidence in sustained high single digit revenue growth and stable profit margins.Narrative Update • Dec 09
HPS.A: Future Margin Durability Will Underpin Further Upside Momentum
Analysts have lifted their price target for Hammond Power Solutions to about C$211 from C$154, reflecting increased confidence in the company’s growth trajectory and margin durability, despite a slightly higher discount rate assumption. Analyst Commentary Bullish analysts point to the higher price targets as evidence that the market is still catching up to Hammond Power Solutions’ accelerating growth and improving profitability profile.Narrative Update • Nov 25
HPS.A: Sustained Earnings And Market Demand Will Underpin Further Upside Momentum
Hammond Power Solutions has seen a significant upward revision in analyst price targets, with increases to C$195 and C$211, respectively, as analysts cite strong fundamentals and a sustained positive outlook for the company. Analyst Commentary Following the recent upward revisions in price targets for Hammond Power Solutions, analysts have provided additional insights into the company's valuation and outlook.Analysis Article • Nov 18
Hammond Power Solutions (TSE:HPS.A) Is Achieving High Returns On Its Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Nov 09
HPS.A: Sustained Demand And Recent Execution Will Drive Upside Momentum
Narrative Update on Hammond Power Solutions Analysts have increased their price target for Hammond Power Solutions from C$179 to C$215.25. This change reflects improved forecasts for revenue growth and profit margins based on recent research updates.Analysis Article • Oct 28
Hammond Power Solutions Inc.'s (TSE:HPS.A) 52% Jump Shows Its Popularity With Investors
Hammond Power Solutions Inc. ( TSE:HPS.A ) shareholders have had their patience rewarded with a 52% share price jump in...Narrative Update • Oct 26
Acquisitions And Expansion Plans Will Drive Future Market Strength
Analyst Price Target Update for Hammond Power Solutions Analysts have raised their price target for Hammond Power Solutions from $150 to $179. This change reflects improved revenue growth expectations and a higher projected future price-to-earnings ratio.Analysis Article • Oct 07
Is Hammond Power Solutions (TSE:HPS.A) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 01
Hammond Power Solutions (TSE:HPS.A) Is Paying Out A Dividend Of CA$0.275
Hammond Power Solutions Inc.'s ( TSE:HPS.A ) investors are due to receive a payment of CA$0.275 per share on 25th of...Analysis Article • Aug 20
Is It Time To Consider Buying Hammond Power Solutions Inc. (TSE:HPS.A)?
TSX:HPS.A 1 Year Share Price vs Fair Value Explore Hammond Power Solutions's Fair Values from the Community and select...Analysis Article • Jul 13
Is There An Opportunity With Hammond Power Solutions Inc.'s (TSE:HPS.A) 26% Undervaluation?
Key Insights Hammond Power Solutions' estimated fair value is CA$160 based on 2 Stage Free Cash Flow to Equity Hammond...Analysis Article • Jul 01
Hammond Power Solutions Inc. (TSE:HPS.A) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Despite an already strong run, Hammond Power Solutions Inc. ( TSE:HPS.A ) shares have been powering on, with a gain of...Analysis Article • Jun 13
Hammond Power Solutions (TSE:HPS.A) Has Affirmed Its Dividend Of CA$0.275
Hammond Power Solutions Inc. ( TSE:HPS.A ) will pay a dividend of CA$0.275 on the 27th of June. The dividend yield is...Analysis Article • May 13
Impressive Earnings May Not Tell The Whole Story For Hammond Power Solutions (TSE:HPS.A)
Despite posting some strong earnings, the market for Hammond Power Solutions Inc.'s ( TSE:HPS.A ) stock hasn't moved...Analysis Article • May 04
Subdued Growth No Barrier To Hammond Power Solutions Inc. (TSE:HPS.A) With Shares Advancing 27%
Those holding Hammond Power Solutions Inc. ( TSE:HPS.A ) shares would be relieved that the share price has rebounded...Analysis Article • Apr 15
These 4 Measures Indicate That Hammond Power Solutions (TSE:HPS.A) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 22
What You Can Learn From Hammond Power Solutions Inc.'s (TSE:HPS.A) P/E After Its 30% Share Price Crash
To the annoyance of some shareholders, Hammond Power Solutions Inc. ( TSE:HPS.A ) shares are down a considerable 30% in...
New Narrative • Feb 14
Expanding Production In Mexico And Acquiring Micron Will Increase Custom Transformer Output
Expansion in Mexico and acquisition of Micron boost capacity, enhance competitiveness, and potentially improve future revenue and net margins.Analysis Article • Feb 12
Is Hammond Power Solutions Inc. (TSE:HPS.A) Trading At A 49% Discount?
Key Insights The projected fair value for Hammond Power Solutions is CA$182 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Jan 21
Is Hammond Power Solutions Inc. (TSE:HPS.A) Potentially Undervalued?
Hammond Power Solutions Inc. ( TSE:HPS.A ), might not be a large cap stock, but it saw significant share price movement...Analysis Article • Dec 20
Investors Should Be Encouraged By Hammond Power Solutions' (TSE:HPS.A) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Analysis Article • Dec 08
These 4 Measures Indicate That Hammond Power Solutions (TSE:HPS.A) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 26
Here's Why We Think Hammond Power Solutions (TSE:HPS.A) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Hammond Power Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 27 Jun 26 | 1,062 | 62 | 223 | 0 |
| 28 Mar 26 | 962 | 66 | 193 | 0 |
| 31 Dec 25 | 898 | 72 | 168 | 0 |
| 27 Sep 25 | 853 | 81 | 154 | 0 |
| 28 Jun 25 | 826 | 80 | 155 | 0 |
| 29 Mar 25 | 799 | 90 | 135 | 0 |
| 31 Dec 24 | 788 | 72 | 159 | 0 |
| 28 Sep 24 | 767 | 68 | 163 | 0 |
| 29 Jun 24 | 754 | 66 | 158 | 0 |
| 30 Mar 24 | 730 | 56 | 163 | 0 |
| 31 Dec 23 | 710 | 63 | 144 | 0 |
| 30 Sep 23 | 667 | 62 | 131 | 0 |
| 01 Jul 23 | 637 | 59 | 122 | 0 |
| 01 Apr 23 | 602 | 52 | 113 | 0 |
| 31 Dec 22 | 558 | 45 | 105 | 0 |
| 01 Oct 22 | 530 | 31 | 102 | 0 |
| 02 Jul 22 | 477 | 23 | 94 | 0 |
| 02 Apr 22 | 428 | 21 | 87 | 0 |
| 31 Dec 21 | 380 | 15 | 80 | 0 |
| 25 Sep 21 | 344 | 15 | 73 | 0 |
| 26 Jun 21 | 327 | 14 | 71 | 0 |
| 27 Mar 21 | 314 | 14 | 68 | 0 |
| 31 Dec 20 | 322 | 14 | 70 | 0 |
| 26 Sep 20 | 333 | 14 | 68 | 0 |
| 27 Jun 20 | 346 | 14 | 69 | 0 |
| 28 Mar 20 | 363 | 13 | 69 | 0 |
| 31 Dec 19 | 359 | 13 | 67 | 0 |
| 28 Sep 19 | 355 | 11 | 65 | 0 |
| 29 Jun 19 | 345 | 10 | 63 | 0 |
| 30 Mar 19 | 328 | 8 | 61 | 0 |
| 31 Dec 18 | 314 | 7 | 59 | 0 |
| 29 Sep 18 | 286 | 10 | 55 | 0 |
| 30 Jun 18 | 279 | 9 | 55 | 0 |
| 31 Mar 18 | 283 | 11 | 55 | 0 |
| 31 Dec 17 | 285 | 10 | 55 | 0 |
| 30 Sep 17 | 300 | 6 | 57 | 0 |
| 01 Jul 17 | 288 | 4 | 56 | 0 |
| 01 Apr 17 | 278 | 2 | 55 | 0 |
| 31 Dec 16 | 275 | 2 | 55 | 0 |
| 01 Oct 16 | 281 | 5 | 56 | 0 |
| 02 Jul 16 | 284 | 6 | 56 | 0 |
| 02 Apr 16 | 280 | 6 | 55 | 0 |
| 31 Dec 15 | 275 | 6 | 53 | 0 |
| 26 Sep 15 | 258 | 4 | 52 | 0 |
Quality Earnings: HPS.A has high quality earnings.
Growing Profit Margin: HPS.A's current net profit margins (5.8%) are lower than last year (9.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HPS.A's earnings have grown significantly by 25.5% per year over the past 5 years.
Accelerating Growth: HPS.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HPS.A had negative earnings growth (-22.7%) over the past year, making it difficult to compare to the Electrical industry average (17.2%).
Return on Equity
High ROE: HPS.A's Return on Equity (16%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/19 01:51 |
| End of Day Share Price | 2026/08/19 00:00 |
| Earnings | 2026/06/27 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Hammond Power Solutions Inc. is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Byrne | Acumen Capital Finance Partners Limited |
| Nicholas Boychuk | ATB Cormark |
| Matthew Lee | Canaccord Genuity |