Hydro One revenue and financials
$51.26Change from previous close: +0.65%Absolute change: +$0.33
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 | 2021 |
|---|---|---|---|---|---|
| Total assets | 39,671 | 36,682 | 32,852 | 31,457 | 30,383 |
| Current assets | 2,174 | 2,117 | 1,354 | 1,860 | 1,826 |
| Cash and equivalents | 549 | 716 | 79.0 | 530 | 540 |
| Receivables | 1,492 | 1,236 | 1,143 | 1,049 | — |
| Inventory | 31.0 | 29.0 | 35.0 | 25.0 | — |
| Net property, plant and equipment | 31,497 | 29,148 | 26,923 | 25,133 | 23,899 |
| Goodwill | 378 | 373 | 373 | 373 | 373 |
| Other intangible assets | 654 | 661 | 656 | 608 | — |
| Long-term investments | 302 | 46.0 | 43.0 | 35.0 | — |
| Current liabilities | 3,590 | 3,501 | 2,720 | 3,652 | 2,978 |
| Accounts payable | 371 | 348 | 334 | 295 | — |
| Long-term debt | 18,092 | 16,329 | 14,710 | 13,030 | — |
| Total debt | 19,160 | 17,734 | 15,738 | 15,192 | — |
| Total liabilities | 26,925 | 24,509 | 21,087 | 20,065 | 19,407 |
| Total equity (incl. minority) | 12,746 | 12,173 | 11,765 | 11,392 | 10,976 |
| Retained earnings | 6,911 | 6,360 | 5,947 | 5,562 | 5,174 |
| Minority interest | 98.0 | 84.0 | 85.0 | 86.0 | 88.0 |