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Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
2015
9.4K+
LTM Revenue $6.2B
LTM EBITDA $2.3B
$34.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Hydro One has a last 12-month revenue (LTM) of $6.2B and a last 12-month EBITDA of $2.3B.
In the most recent fiscal year, Hydro One achieved revenue of $6.1B and an EBITDA of $2.1B.
Hydro One expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hydro One valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $6.2B | XXX | $6.1B | XXX | XXX | XXX |
| Gross Profit | $6.2B | XXX | $2.2B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $2.3B | XXX | $2.1B | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 34% | XXX | XXX | XXX |
| EBIT | $1.5B | XXX | $1.5B | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $860M | XXX | $834M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $12.2B | XXX | XXX | XXX |
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As of May 30, 2025, Hydro One's stock price is CAD 51 (or $36).
Hydro One has current market cap of CAD 30.3B (or $21.9B), and EV of CAD 48.0B (or $34.6B).
See Hydro One trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $34.6B | $21.9B | XXX | XXX | XXX | XXX | $1.43 |
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Start Free TrialAs of May 30, 2025, Hydro One has market cap of $21.9B and EV of $34.6B.
Hydro One's trades at 5.7x EV/Revenue multiple, and 16.6x EV/EBITDA.
Equity research analysts estimate Hydro One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hydro One has a P/E ratio of 25.4x.
See valuation multiples for Hydro One and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21.9B | XXX | $21.9B | XXX | XXX | XXX |
| EV (current) | $34.6B | XXX | $34.6B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 16.6x | XXX | XXX | XXX |
| EV/EBIT | 23.3x | XXX | 22.6x | XXX | XXX | XXX |
| EV/Gross Profit | 5.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 25.4x | XXX | 26.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -175.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHydro One's last 12 month revenue growth is 3%
Hydro One's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Hydro One's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hydro One's rule of X is 44% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Hydro One and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | 39% | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 11% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hydro One acquired XXX companies to date.
Last acquisition by Hydro One was XXXXXXXX, XXXXX XXXXX XXXXXX . Hydro One acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Hydro One founded? | Hydro One was founded in 2015. |
| Where is Hydro One headquartered? | Hydro One is headquartered in Canada. |
| How many employees does Hydro One have? | As of today, Hydro One has 9.4K+ employees. |
| Who is the CEO of Hydro One? | Hydro One's CEO is Mr. David Lebeter. |
| Is Hydro One publicy listed? | Yes, Hydro One is a public company listed on TSE. |
| What is the stock symbol of Hydro One? | Hydro One trades under H ticker. |
| When did Hydro One go public? | Hydro One went public in 2015. |
| Who are competitors of Hydro One? | Similar companies to Hydro One include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Hydro One? | Hydro One's current market cap is $21.9B |
| What is the current revenue of Hydro One? | Hydro One's last 12 months revenue is $6.2B. |
| What is the current revenue growth of Hydro One? | Hydro One revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Hydro One? | Current revenue multiple of Hydro One is 5.6x. |
| Is Hydro One profitable? | Yes, Hydro One is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hydro One? | Hydro One's last 12 months EBITDA is $2.3B. |
| What is Hydro One's EBITDA margin? | Hydro One's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of Hydro One? | Current EBITDA multiple of Hydro One is 15.3x. |
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