Also trades as: H.TO (TSX) · $vol 55M

$35.86

+0.08 (+0.23%)

OTC · Utilities · Regulated Electric · Tech Score Strong Sell · Power 32 · $21.5B mcap · 317M float · 0.038% daily turnover · Short 18% of daily vol

Revenue

$9.0B +6.5% ▲

5Y CAGR: +4.4%

Gross Profit

$2.2B -26.3% ▼

5Y CAGR: -1.1%

Operating Income

$2.2B +5.3% ▲

5Y CAGR: +7.3%

Net Income

$1.3B +15.7% ▲

5Y CAGR: -5.6%

EPS (Diluted)

$2.22 +15.6% ▲

5Y CAGR: -5.5%

EBITDA

$3.3B +15.9% ▲

5Y CAGR: +7.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$7.2B	$7.8B	$7.8B	$8.5B	$9.0B
YoY Growth	-0.9%	+7.7%	+0.8%	+8.2%	+6.5%
Cost of Revenue	$4.7B	$5.0B	$5.0B	$5.5B	$6.8B
Gross Profit	$2.5B	$2.8B	$2.8B	$3.0B	$2.2B
Gross Margin	35.1%	36.0%	36.2%	35.7%	24.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$2.8B	$0	$0
Operating Expenses	$785M	$798M	$2.8B	$909M	$0
Operating Income	$1.7B	$2.0B	$2.8B	$2.1B	$2.2B
Operating Margin	23.8%	25.1%	36.2%	25.0%	24.8%
Interest Expense	$451M	$477M	$584M	$631M	$691M
Income Before Tax	$1.2B	$1.3B	$1.3B	$1.3B	$1.6B
Tax Expense	$178M	$288M	$178M	$181M	$219M
Net Income	$965M	$1.1B	$1.1B	$1.2B	$1.3B
Net Margin	13.4%	13.5%	13.8%	13.6%	14.8%
EPS (Diluted)	$1.61	$1.75	$1.81	$1.92	$2.22
EBITDA	$2.5B	$2.8B	$2.7B	$2.9B	$3.3B
Shares Outstanding	600M	601M	601M	601M	601M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.2B	$2.1B	$2.4B	$2.1B	$2.3B	$2.3B	$2.7B	$2.3B
Cost of Revenue	$1.3B	$1.4B	$1.6B	$1.2B	$1.4B	$1.8B	$1.8B	$1.4B
Gross Profit	$851M	$662M	$856M	$847M	$923M	$436M	$895M	$900M
Gross Margin	38.8%	31.6%	35.5%	41.0%	40.1%	19.2%	33.7%	39.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	$227M	$244M	$232M	$232M	$243M	$256M	$249M	$247M
Operating Income	$624M	$418M	$624M	$615M	$652M	$436M	$624M	$620M
Operating Margin	28.5%	20.0%	25.9%	29.8%	28.4%	19.2%	23.5%	26.9%
Interest Expense	$158M	$161M	$164M	$126M	$126M	$179M	$177M	$184M
Income Before Tax	$430M	$218M	$429M	$390M	$348M	$264M	$436M	$443M
Tax Expense	$56M	$17M	$68M	$61M	$43M	$30M	$41M	$69M
Net Income	$371M	$200M	$358M	$327M	$302M	$233M	$392M	$370M
Net Margin	16.9%	9.5%	14.9%	15.8%	13.1%	10.3%	14.8%	16.1%
EPS (Diluted)	$0.62	$0.33	$0.60	$0.54	$0.50	$0.38	$0.65	$0.62
EBITDA	$815M	$623M	$825M	$788M	$669M	$722M	$897M	$900M
Shares Outstanding	601M	601M	601M	601M	601M	600M	601M	601M

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