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TAC · NYSE · United States · Electric Services
In shortTRANSALTA CORP is loss-making, generates cash and carries heavy debt, with revenue shrinking (−15.5% 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. | 5.8% | 36/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -5.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -8.8% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 2.2% | 15/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.73× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.57× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.71× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.40× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.09 | 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. | 16.5% | 86/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 19.4% | 39/100 |
| Operating margin volatility | 15.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -6.9% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
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 | 2,721 | 2,976 | 3,355 | 2,845 | 2,405 |
| Gross profit | 1,489 | 1,635 | 2,183 | 1,794 | 1,420 |
| Operating income | (239) | 531 | 1,089 | 585 | 140 |
| Interest expense | – | 286 | 281 | 324 | 347 |
| Pre-tax income | (380) | 353 | 880 | 319 | (141) |
| Income tax | 45 | 192 | 84 | 80 | 17 |
| Net income | (537) | 50 | 695 | 229 | (138) |
| Diluted EPS | −C$2.13 | C$0.01 | C$2.33 | C$0.59 | −C$0.64 |
| Diluted shares (millions) | 271 | 271 | 276 | 302 | 297 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.09 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.
4/9
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 27, 2026