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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 $3.9B
LTM EBITDA $2.2B
$32.6B
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 of $3.9B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, Hydro One achieved revenue of $5.9B and an EBITDA of $2.0B.
Hydro One expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Hydro One valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.9B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $2.0B | XXX | XXX | XXX |
| Gross Margin | 36% | 33% | XXX | XXX | XXX |
| EBITDA | $2.0B | $2.0B | XXX | XXX | XXX |
| EBITDA Margin | 36% | 34% | XXX | XXX | XXX |
| Net Profit | $734M | $759M | XXX | XXX | XXX |
| Net Margin | 13% | 13% | XXX | XXX | XXX |
| Net Debt | $10.2B | $10.9B | XXX | XXX | XXX |
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As of April 15, 2025, Hydro One's stock price is CAD 49 (or $35).
Hydro One has current market cap of CAD 29.6B (or $20.7B), and EV of CAD 46.6B (or $32.6B).
See Hydro One trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32.6B | $20.7B | XXX | XXX | XXX | XXX | $1.37 |
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Sign UpAs of April 15, 2025, Hydro One has market cap of $20.7B and EV of $32.6B.
Hydro One's trades at 8.4x LTM EV/Revenue multiple, and 15.0x LTM EBITDA.
Analysts estimate Hydro One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Hydro One and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $32.6B | XXX | XXX | XXX |
| EV/Revenue | 5.5x | XXX | XXX | XXX |
| EV/EBITDA | 16.2x | XXX | XXX | XXX |
| P/E | 25.6x | XXX | XXX | XXX |
| P/E/Growth | 4.1x | XXX | XXX | XXX |
| EV/FCF | -170.1x | 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.
Sign UpHydro One's NTM/LTM revenue growth is 56%
Hydro One's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Hydro One's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Hydro One's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Hydro One and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 90% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 11% | XXX | 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 |
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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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Sign Up| 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 $20.7B |
| What is the current revenue of Hydro One? | Hydro One's last 12-month revenue is $3.9B. |
| What is the current EBITDA of Hydro One? | Hydro One's last 12-month EBITDA is $2.2B. |
| What is the current EV/Revenue multiple of Hydro One? | Current revenue multiple of Hydro One is 8.4x. |
| What is the current EV/EBITDA multiple of Hydro One? | Current EBITDA multiple of Hydro One is 15.0x. |
| What is the current revenue growth of Hydro One? | Hydro One revenue growth between 2023 and 2024 was 8%. |
| Is Hydro One profitable? | Yes, Hydro One is EBITDA-positive (as of the last 12 months). |
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