Hydro One Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 10, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	35,351	32,772	26,537	23,783	21,715	19,687
Market Cap Growth	21.30%	23.50%	11.58%	9.52%	10.30%	14.99%
Enterprise Value	54,064	50,513	42,434	38,778	35,675	33,297
Last Close Price	58.94	54.64	44.27	39.70	36.27	32.91
PE Ratio	26.43	24.50	23.06	21.93	20.73	20.44
Forward PE	25.94	24.99	24.01	21.30	21.63	20.93
PEG Ratio	4.21	3.61	3.81	3.48	3.41	4.40
PS Ratio	3.91	3.62	3.13	3.03	2.79	2.72
PB Ratio	2.77	2.59	2.20	2.04	1.92	1.81
P/TBV Ratio	2.80	2.60	2.20	2.04	1.93	1.82
P/FCF Ratio	-	-119.17	-142.67	354.98	73.86	89.08
P/OCF Ratio	13.12	12.16	10.47	9.86	9.61	9.16
EV/Sales Ratio	5.98	5.59	5.00	4.94	4.59	4.61
EV/EBITDA Ratio	16.75	15.77	14.70	14.32	13.40	13.72
EV/EBIT Ratio	24.06	22.57	21.57	21.05	19.47	20.66
EV/FCF Ratio	-110.79	-183.68	-228.14	578.78	121.35	150.67
Debt / Equity Ratio	1.43	1.43	1.36	1.27	1.26	1.28
Debt / EBITDA Ratio	5.97	5.97	6.12	5.79	5.68	6.04
Debt / FCF Ratio	-69.52	-69.52	-95.05	234.16	51.49	66.36
Net Debt / Equity Ratio	1.47	1.47	1.40	1.34	1.29	1.30
Net Debt / EBITDA Ratio	5.80	5.80	5.88	5.76	5.49	5.82
Net Debt / FCF Ratio	-67.52	-67.52	-91.20	232.99	49.68	63.91
Asset Turnover	0.24	0.24	0.24	0.24	0.25	0.24
Quick Ratio	0.57	0.57	0.56	0.45	0.43	0.51
Current Ratio	0.61	0.61	0.60	0.50	0.51	0.61
Return on Equity (ROE)	10.83%	10.83%	9.73%	9.45%	9.46%	9.01%
Return on Assets (ROA)	5.04%	5.04%	4.90%	4.93%	4.66%	4.49%
Return on Invested Capital (ROIC)	5.47%	5.47%	5.25%	5.24%	4.97%	4.81%
Return on Capital Employed (ROCE)	6.46%	6.46%	6.21%	6.36%	6.64%	5.89%
Earnings Yield	3.79%	4.08%	4.34%	4.56%	4.82%	4.89%
FCF Yield	-1.38%	-0.84%	-0.70%	0.28%	1.35%	1.12%
Dividend Yield	2.27%	2.40%	2.80%	2.94%	3.05%	3.20%
Payout Ratio	59.75%	58.85%	64.27%	63.99%	62.57%	64.65%
Buyback Yield / Dilution	-0.01%	-0.01%	-0.02%	0.01%	-0.04%	-0.07%
Total Shareholder Return	2.27%	2.40%	2.78%	2.95%	3.01%	3.12%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.