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Emera Inc.

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Key Metrics

Previous Close: $51.63
52-Week Range: $45.77 – $55.49
Market Cap: $15.90B
P/E (TTM): 22.81
EPS (TTM): 2.27
Dividend Yield: 4.09%

Advanced Metrics

Price/Book: 1.70
PEG Ratio: 2.97
Return on Equity: 7.56%
Return on Assets: 2.91%
Gross Margin: 43.76%
Operating Margin: 17.85%
Profit Margin: 11.64%
Current Ratio: 0.73
Debt/Equity: 1.54
Total Debt: $22.12B
Free Cash Flow: $-1.43B
Revenue Growth: 1.20%
Earnings Growth: -24.40%
Enterprise Value: $39.00B

EMA Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$7.59B	$7.56B	$7.20B	$8.78B
Cost of Revenue	$4.57B	$4.29B	$4.31B	$4.95B
Gross Profit	$3.02B	$3.28B	$2.89B	$3.83B
Selling, General & Admin	-$24.00M	-$35.00M	—	—
Operating Expenses	$1.32B	$1.48B	$1.59B	$1.78B
Operating Income	$1.70B	$1.79B	$1.30B	$2.05B
EBITDA	$2.86B	$3.17B	$2.56B	$3.49B
Pretax Income	$1.19B	$1.17B	$409.00M	$1.17B
Income Tax	$185.00M	$128.00M	-$159.00M	$81.00M
Net Income	$1.01B	$1.04B	$567.00M	$1.09B
Diluted EPS	3.55	3.57	1.71	3.38
Diluted Shares	266.00M	274.00M	289.20M	299.70M

EMA Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$310.00M	$567.00M	$196.00M	$349.00M
Receivables	$1.67B	$1.16B	$1.19B	$1.75B
Inventory	$769.00M	$790.00M	$781.00M	$821.00M
Current Assets	$4.90B	$3.71B	$3.69B	$4.39B
Total Assets	$39.74B	$39.48B	$42.95B	$44.82B
Current Liabilities	$7.29B	$4.54B	$5.12B	$6.63B
Long-Term Debt	$15.74B	$17.69B	$18.17B	$18.45B
Total Debt	$19.04B	$19.80B	$19.81B	$21.46B
Total Liabilities	$28.30B	$27.39B	$29.66B	$31.42B
Retained Earnings	$1.58B	$1.80B	$1.47B	$1.61B
Shareholders' Equity	$11.43B	$12.07B	$13.28B	$13.38B
Working Capital	-$2.39B	-$836.00M	-$1.43B	-$2.24B
Net Debt	$18.73B	$19.23B	$19.61B	$21.11B

EMA Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$913.00M	$2.24B	$2.65B	$1.80B
Capital Expenditure	-$2.60B	-$2.94B	-$3.15B	-$3.53B
Free Cash Flow	-$1.68B	-$696.00M	-$505.00M	-$1.73B
Depreciation & Amortisation	$959.00M	$1.06B	$1.17B	$1.30B
Investing Cash Flow	-$2.57B	-$2.92B	-$2.22B	-$3.48B
Financing Cash Flow	$1.55B	$939.00M	-$818.00M	$1.84B
Dividends Paid	-$535.00M	-$554.00M	-$611.00M	-$651.00M
Net Change in Cash	-$101.00M	$263.00M	-$390.00M	$161.00M

EMA Income statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$2.68B	$1.99B	$2.11B	$2.01B	$2.81B
Cost of Revenue	$1.31B	$1.18B	$1.18B	$1.27B	$1.40B
Gross Profit	$1.36B	$807.00M	$928.00M	$732.00M	$1.41B
Operating Expenses	$438.00M	$437.00M	$448.00M	$457.00M	$469.00M
Operating Income	$925.00M	$370.00M	$480.00M	$275.00M	$943.00M
EBITDA	$1.30B	$712.00M	$838.00M	$641.00M	$1.32B
Pretax Income	$720.00M	$145.00M	$254.00M	$52.00M	$711.00M
Income Tax	$119.00M	-$9.00M	$6.00M	-$35.00M	$129.00M
Net Income	$601.00M	$154.00M	$247.00M	$87.00M	$582.00M
Diluted EPS	1.96	0.45	0.76	—	1.85
Diluted Shares	297.30M	299.10M	300.60M	—	304.20M

EMA Balance Sheet statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$308.00M	$200.00M	$212.00M	$349.00M	$2.46B
Receivables	$1.28B	$1.45B	$1.37B	$1.75B	$1.62B
Inventory	$756.00M	$809.00M	$850.00M	$821.00M	$806.00M
Current Assets	$3.99B	$3.98B	$4.03B	$4.39B	$6.59B
Total Assets	$43.62B	$42.53B	$43.80B	$44.82B	$48.06B
Current Liabilities	$4.32B	$5.88B	$6.28B	$6.63B	$6.18B
Long-Term Debt	$19.15B	$17.31B	$17.81B	$18.45B	$21.21B
Total Debt	$20.08B	$20.16B	$20.64B	$21.46B	$23.96B
Total Liabilities	$29.87B	$29.37B	$30.32B	$31.42B	$33.86B
Retained Earnings	$1.84B	$1.75B	$1.77B	$1.61B	$1.95B
Shareholders' Equity	$13.73B	$13.15B	$13.47B	$13.38B	$14.19B
Working Capital	-$332.00M	-$1.90B	-$2.25B	-$2.24B	$410.00M
Net Debt	$19.77B	$19.96B	$20.43B	$21.11B	$21.50B

EMA Cash Flow statement, quarterly periods, in CAD
CAD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$699.00M	$100.00M	$791.00M	$212.00M	$735.00M
Capital Expenditure	-$724.00M	-$996.00M	-$846.00M	-$966.00M	-$879.00M
Free Cash Flow	-$25.00M	-$896.00M	-$55.00M	-$754.00M	-$144.00M
Depreciation & Amortisation	$321.00M	$318.00M	$324.00M	$335.00M	$337.00M
Investing Cash Flow	-$708.00M	-$964.00M	-$846.00M	-$964.00M	-$872.00M
Financing Cash Flow	$123.00M	$754.00M	$64.00M	$900.00M	$2.21B
Dividends Paid	-$157.00M	-$158.00M	-$164.00M	-$172.00M	-$170.00M
Net Change in Cash	$114.00M	-$110.00M	$9.00M	$148.00M	$2.07B

Market Snapshot

About

Emera Inc. is a Canadian energy and services company that invests in electricity generation, transmission, and distribution. The company operates utilities in Canada, the United States, and the Caribbean, serving approximately 2.5 million customers. Emera's portfolio includes regulated electric utilities, contracted generation assets, and natural gas transmission and distribution operations. Major subsidiaries include Nova Scotia Power, Tampa Electric, New Mexico Gas Company, and Emera Caribbean, providing the company with geographic and regulatory diversification across its energy infrastructure holdings.