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EMA · NYSE · United States · Electric Services
In shortEMERA INC is profitable, burns cash and carries moderate debt, with revenue growing (+21.9% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 22.5% | 92/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.6% | 66/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.6% | 38/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.6% | 37/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.66× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.47× | 30/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.90× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.88× | 4/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.53 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -19.7% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -1.71× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 15.5% | 54/100 |
| Operating margin volatility | 3.9% | 73/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.0% | 44/100 |
|---|---|---|
| EPS growth, 3-year average | -1.6% | 17/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,765 | 7,588 | 7,563 | 7,200 | 8,776 |
| Operating income | 930 | 1,629 | 1,794 | 1,080 | 1,975 |
| Interest expense | – | 727 | 954 | 1,004 | 1,048 |
| Pre-tax income | 555 | 1,194 | 1,173 | 409 | 1,171 |
| Income tax | (6) | 185 | 128 | (159) | 81 |
| Net income | 511 | 945 | 978 | 494 | 1,014 |
| Diluted EPS | C$1.98 | C$3.55 | C$3.57 | C$1.71 | C$3.38 |
| Diluted shares (millions) | 258 | 266 | 274 | 289 | 300 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.53 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 23, 2026