Hydro One revenue and financials
$50.99Change from previous close: +0.12%Absolute change: +$0.06
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 |
|---|---|---|---|---|---|
| Operating cash flow | 2,695 | 2,534 | 2,412 | 2,260 | 2,149 |
| Depreciation and amortization | 963 | 909 | 852 | 798 | — |
| Capital expenditure | -3,183 | -3,043 | -2,558 | -1,994 | -1,928 |
| Investing cash flow | -3,517 | -3,132 | -2,693 | -2,085 | -2,077 |
| Financing cash flow | 655 | 1,235 | -170 | -185 | -289 |
| Dividends paid | -788 | -743 | -700 | -662 | -629 |
| Share repurchases | — | — | — | — | 0.0 |
| Debt issued | 8,768 | 5,591 | 8,925 | 7,085 | 5,050 |
| Debt repaid | -7,320 | -3,590 | -8,381 | -6,603 | -4,709 |
| Net change in cash | -167 | 637 | -451 | -10.0 | -217 |
| Free cash flow | -488 | -509 | -146 | 266 | 221 |
| Levered free cash flow | -1,106 | -1,077 | -764 | -245 | -625 |