Hydro One Limited (TSX:H)

Hydro One Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	35,159	32,772	26,537	23,783	21,715	19,687
Market Cap Growth	30.78%	23.50%	11.58%	9.52%	10.30%	15.00%
Enterprise Value	53,872	51,266	43,362	39,286	36,364	33,993
PE Ratio	26.29	24.48	22.96	21.92	20.68	20.40
PS Ratio	3.89	3.63	3.13	3.03	2.79	2.73
PB Ratio	2.76	2.57	2.18	2.02	1.91	1.79
P/FCF Ratio	-	-	-	-	81.64	89.08
P/OCF Ratio	13.05	12.16	10.47	9.86	9.61	9.16
EV/Sales Ratio	5.96	5.67	5.11	5.01	4.67	4.71
EV/EBITDA Ratio	16.69	16.02	15.08	14.58	13.83	14.18
EV/EBIT Ratio	23.98	22.91	22.05	21.33	19.85	21.09
EV/FCF Ratio	-110.39	-	-	-	136.71	153.82
Debt / Equity Ratio	1.50	1.50	1.46	1.34	1.33	1.34
Debt / EBITDA Ratio	5.96	5.96	6.13	5.81	5.75	6.10
Debt / FCF Ratio	-	-	-	-	57.11	66.67
Net Debt / Equity Ratio	1.46	1.46	1.40	1.33	1.29	1.29
Net Debt / EBITDA Ratio	5.82	5.82	5.92	5.81	5.58	5.92
Net Debt / FCF Ratio	-38.15	-38.15	-33.45	-107.27	55.12	64.22
Quick Ratio	0.57	0.57	0.56	0.45	0.43	0.51
Current Ratio	0.61	0.61	0.61	0.50	0.51	0.61
Asset Turnover	0.24	0.24	0.24	0.24	0.25	0.24
Return on Equity (ROE)	10.83%	10.83%	9.73%	9.45%	9.46%	9.01%
Return on Assets (ROA)	3.66%	3.66%	3.54%	3.58%	3.70%	3.32%
Return on Capital Employed (ROCE)	6.20%	6.20%	5.90%	6.10%	6.60%	5.90%
Earnings Yield	3.81%	4.09%	4.36%	4.56%	4.83%	4.90%
FCF Yield	-1.39%	-1.49%	-1.92%	-0.61%	1.23%	1.12%
Dividend Yield	2.27%	2.40%	2.88%	3.11%	3.32%	3.59%
Payout Ratio	58.85%	58.85%	64.27%	64.52%	63.05%	65.18%
Buyback Yield / Dilution	-0.01%	-0.01%	-0.02%	0.01%	-0.04%	-0.07%
Total Shareholder Return	2.29%	2.40%	2.85%	3.12%	3.28%	3.52%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.