Hydro One revenue and financials
$50.93Change from previous close: +0.20%Absolute change: +$0.10
In the fiscal year ended December 2025, Hydro One reported revenue of $9.04B (+6.57% year over year). Net income was $1.34B, a net margin of 14.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.57%
- 2025 vs 2024
- Net income growth
- +15.83%
- 2025 vs 2024
- Net margin
- 14.8%
- 2024: 13.6%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 9,041 | 8,484 | 7,844 | 7,780 |
| Cost of revenue | 5,692 | 5,451 | 5,006 | 4,982 |
| Gross profit | 3,349 | 3,033 | 2,838 | 2,798 |
| Operating income | 2,386 | 2,124 | 1,986 | 2,039 |
| EBIT | 2,241 | 1,977 | 1,840 | 1,823 |
| EBITDA | 3,204 | 2,886 | 2,692 | 2,621 |
| Interest expense | 673 | 631 | 568 | 477 |
| Pre-tax income | 1,568 | 1,346 | 1,272 | 1,346 |
| Income tax | 219 | 181 | 178 | 288 |
| Net income | 1,339 | 1,156 | 1,085 | 1,050 |
| Net income to common shareholders | 1,339 | 1,156 | 1,085 | 1,050 |
| Basic EPS | 2.23 | 1.93 | 1.81 | 1.75 |
| Diluted EPS | 2.23 | 1.92 | 1.81 | 1.75 |
| Average shares (basic) | 600 | 599 | 599 | 599 |
| Average shares (diluted) | 601 | 601 | 601 | 601 |