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StockVS

TSX · Utilities - Regulated Electric · CAD

Hydro One Limited (H.TO) Stock Analysis

Hydro One Limited (H.TO) is a Utilities - Regulated Electric stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

H.TO

CA$52.91

+CA$0.13 (+0.25%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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H.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$52.89
Previous Close
CA$52.78
Day's Range
52.65–53.13
52-Week Range
50.14–60.57
Volume
1.05M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.38
Valuation
Market Cap
CA$31.75B
P/E Ratio
22.42
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
22.11
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
3.33
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.34
EPS (ttm)Profit attributable to each share over the last twelve months.
2.36
Financials (FY)
Revenue (FY)
CA$9.04B+6.57%
Net Income (FY)
CA$1.34B+15.83%
Profit marginThe share of revenue left as profit after all costs and taxes.
14.87%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
600.10M
1-Year Return
+2.18%
Dividend and dates
Dividend
CA$1.41+2.68%
Ex-Dividend Date
September 9, 2026
Earnings Date
November 10, 2026
Avg Volume
1.51M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, H.TO closed at CA$52.91, +2.18% over 1 year.

Hydro One Limited (H.TO) has a market capitalization of CA$31.75B.

In fiscal 2025, H.TO reported revenue of CA$9.04B.

H.TO Stock Return by Calendar Year

Hydro One Limited (H.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$10,218
+2.18%
5 years
CA$10,000 CA$20,247
+102.47%
10 years
CA$10,000 CA$30,285
+202.85%

If you had invested CA$10,000 in Hydro One Limited (H.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$30,285 at the close on October 21, 2026: +202.85% in total, +11.72% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−2.00%
2025+26.73%
2024+14.75%
2023+12.94%
2022+13.74%
2021+18.87%
2020+18.51%
2019+29.05%
2018−5.41%
2017−1.36%
2016 (partial year)−8.40%

As of October 21, 2026.

H.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$9.04BCA$1.34B14.8%
2024CA$8.48BCA$1.16B13.6%
2023CA$7.84BCA$1.09B13.8%
2022CA$7.78BCA$1.05B13.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$9.04BCA$3.35BCA$2.39BCA$1.34B14.8%
2024CA$8.48BCA$3.03BCA$2.12BCA$1.16B13.6%
2023CA$7.84BCA$2.84BCA$1.99BCA$1.09B13.8%
2022CA$7.78BCA$2.80BCA$2.04BCA$1.05B13.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

H.TO Dividend History

CA$1.31+6.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.692—
2025CA$1.314+6.1%
2024CA$1.244+6.0%
2023CA$1.174+5.6%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.692—
2025CA$1.314+6.1%
2024CA$1.244+6.0%
2023CA$1.174+5.6%
2022CA$1.114+5.1%
2021CA$1.054+4.8%
2020CA$1.004+5.0%
2019CA$0.964+5.1%
2018CA$0.914+4.6%
2017CA$0.874+314.3%
2016CA$0.211—

Most recent payment: CA$0.34 per share, ex-dividend June 10, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

H.TO Valuation vs Utilities - Regulated Electric Median

Median of 42 stocks
MetricH.TOUtilities - Regulated Electric medianvs median
P/E22.4219.9412% above
P/S ratio3.342.7720% above
Profit margin14.87%13.40%1.5 pts above

Medians across 42 Utilities - Regulated Electric stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Hydro One Limited (H.TO) carries a market capitalisation of CA$31.75B. The company sits in the Utilities sector, in the Utilities - Regulated Electric industry. The company reports 7,151 employees.

The most recent close on file for H.TO is CA$52.91, dated October 21, 2026. That is +CA$0.13 (+0.25%) against the previous close. The 52-week range on file runs from CA$50.14 to CA$60.57. The latest close sits 5.52% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$9.04B. That is +6.57% against the prior fiscal year, when revenue was CA$8.48B. The same year closed with net income of CA$1.34B. That is +15.83% against the prior fiscal year. Profit margin runs at 14.87%. That is 1.5 percentage points above the Utilities - Regulated Electric median of 13.4%. Earnings per share on a trailing basis come to 2.36.

Across the 4 fiscal years on file, revenue moves from CA$7.78B in 2022 to CA$9.04B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 22.42. That is 12.44% above the Utilities - Regulated Electric median of 19.94. The forward P/E on file is 22.11. The PEG ratio, which sets the P/E against expected earnings growth, reads 3.33. The price-to-sales ratio is 3.34. On price-to-sales that is 20.49% above the Utilities - Regulated Electric median of 2.77. 42 Utilities - Regulated Electric companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.38. Daily returns over the trailing 10 years annualize to a volatility of 16.17%. The trailing one-year total return is +2.18%. Measured over 10 years, that is +11.72% a year compounded.

Growth & Income

The trailing dividend yield is 2.68%. That is 0.7 percentage points below the Utilities - Regulated Electric median yield of 3.43%. The indicated annual rate is CA$1.41 a share. The ex-dividend date on file is September 9, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$0.69 a share. The year before, 2025, totalled CA$1.31 a share.

The strongest complete calendar year on file is 2019 at +29.05%; the weakest is 2018 at −5.41%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is −2.00%.

Peer Comparison

Hydro One Limited (H.TO) operates in the Utilities - Regulated Electric industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Hydro One Limited H.TO CA$31.75B 22.4
NextEra Energy, Inc. NEE $163.29B 17.6
The Southern Company SO $103.98B 21.8
Duke Energy Corporation DUK $94.09B 18.2

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Utilities - Regulated Electric industry average P/E ratio is 19.9x. Hydro One Limited trades at a P/E of 22.4.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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NextEra Energy, Inc.

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 SO

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 AEP

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 D

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About Hydro One Limited

Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. It serves residential, small business, commercial, and industrial customers, as well as municipal utilities. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

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