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HRNNF · OTC · United States · Electric Services
In shortHydro One Ltd is profitable, burns cash and carries moderate debt, with revenue growing (+6.6% last year).
Financial health
Mixed
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. | 24.8% | 99/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.8% | 79/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.8% | 54/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.1% | 41/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.61× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.50× | 28/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 5.76× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.20× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.21 | 3/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -3.0% | 8/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.21× | 0/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 4.2% | 96/100 |
| Operating margin volatility | 0.9% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.1% | 45/100 |
|---|---|---|
| EPS growth, 3-year average | 8.4% | 67/100 |
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.
4 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 | 7,225 | 7,780 | 7,844 | 8,484 | 9,041 |
| Cost of revenue | 3,579 | 3,724 | 3,652 | 4,143 | 4,486 |
| Gross profit | 3,646 | 4,056 | 4,192 | 4,341 | 4,555 |
| Operating income | 1,612 | 1,832 | 1,842 | 1,967 | 2,238 |
| Interest expense | 8,431 | 8,117 | 9,110 | 10,429 | 11,444 |
| Pre-tax income | 1,151 | 1,346 | 1,272 | 1,346 | 1,568 |
| Income tax | 178 | 288 | 178 | 181 | 219 |
| Net income | 973 | 1,050 | 1,085 | 1,156 | 1,339 |
| Diluted EPS | C$1.61 | C$1.75 | C$1.81 | C$1.92 | C$2.23 |
| Diluted shares (millions) | 600 | 601 | 601 | 601 | 601 |
4 older years available with the 10-year history. Essential plan, from €8.25/month →
1.21 Grey 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 13, 2026