AEP vs DUK vs HRNNF Stock Comparison

American Electric Power, Duke Energy and Hydro One Prices as of Oct 26, 2026 Peers: Industry group
DUK Duke Energy CORP
$124.46 +9.8% 1M -2.3% 1Y
Market cap
$97.05B
P/E
18.7x
Revenue (TTM)
$33.25B
Div. yield
–
Regulated Electric Utilities Utilities
5 wins
HRNNF Hydro One Ltd
$38.68 +7.8% 1M +3.0% 1Y
Market cap
$23.20B
P/E
22.7x
Revenue (TTM)
—
Div. yield
3.52%
Regulated Electric Utilities Utilities
2 wins

Head to Head

10 decided of 12

Duke Energy leads on 5 of the 12 questions below (Duke Energy 5, American Electric Power 3, Hydro One 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAEPDUKHRNNFLeader
Larger companyMarket capitalisation $70.85B $97.05B $23.20B DUK
Cheaper on earningsLower P/E, profitable companies only 25.7x 18.7x 22.7x DUK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.5x 19.0x 22.9x DUK
Faster revenue growthRevenue growth, trailing twelve months +10.3% +6.3% — AEP
More profitableNet margin, trailing twelve months 12.1% — — –
Better return on capitalReturn on invested capital 5.5% — 6.4% HRNNF
Less leveragedLower net debt / EBITDA 6.0x — 5.7x HRNNF
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 3.52% –
Better 1-year returnPrice return, last 12 months +11.4% -2.3% +3.0% AEP
Better 5-year returnAnnualised price return, 5 years +8.9%/yr +3.9%/yr — AEP
Less volatileAnnualised volatility, 1 year 19.4% 16.7% 17.6% DUK
Higher overall scoreMean of the five percentile scores vs peers 41/100 74/100 66/100 DUK

Percentile Scorecard

AEPDUKHRNNF

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAEPDUKHRNNF
Valuation 23 #52 of 67 83 #12 of 67 32 #46 of 67
Growth 64 #24 of 65 83 #12 of 65 70 #20 of 65
Profitability 59 #27 of 64 57 #28 of 64 91 #7 of 64
Financial Health 29 #46 of 64 – 52 #31 of 64
Shareholder Returns 30 #47 of 67 73 #19 of 67 83 #12 of 67
Overall 41 74 66
  • AEP ranked among 67 companies in Regulated Utilities
  • DUK ranked among 67 companies in Regulated Utilities
  • HRNNF ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAEPDUKHRNNFSPY
1 month +9.2%+9.8%+7.8% -0.8%
3 months -3.3%-3.4%-9.2% +3.5%
6 months -4.3%-2.1%-9.2% +7.0%
Year to date +12.1%+6.2%-2.4% +12.2%
1 year +11.4%-2.3%+3.0% +13.0%
3 years +72.5%+42.2%— +86.3%
3 years, per year +19.9%+12.5%— +23.1%
5 years +53.3%+21.1%— +68.6%
5 years, per year +8.9%+3.9%— +11.0%
10 years +103.4%+58.0%— +258.0%
10 years, per year +7.4%+4.7%— +13.6%

Risk

MeasureAEPDUKHRNNFSPY
Volatility, 1Y 19.4%16.7%17.6% 12.7%
Downside volatility, 1Y 19.2%16.9%18.4% 12.7%
Beta vs S&P 500, 1Y -0.07-0.32-0.24 1.00
Return / volatility, 1Y 0.59-0.140.17 1.02
Max drawdown, 5Y -32.2%-26.0%-18.9% -25.4%
From 52-week high -6.8%-6.7%-11.8% -1.8%
52-week high $138.69$133.46$43.85 $779.14
52-week low $113.70$113.24$35.56 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAEPDUKHRNNF
P/E now vs peer median 25.5xmedian 20.8x 18.7xmedian 20.8x 22.7xmedian 20.8x
P/S now vs peer median 3.1xmedian 2.9x 2.9xmedian 2.9x —median 2.9x
EV/EBITDA now vs peer median 14.0xmedian 13.1x —median 13.1x 15.3xmedian 13.1x
P/FCF now vs peer median -12.2xmedian 36.7x —median 36.7x 12.1xmedian 36.7x
P/B now vs peer median 2.1xmedian 1.7x 1.7xmedian 1.7x 2.5xmedian 1.7x
PEG now vs peer median 2.76median 2.23 0.31median 2.23 2.15median 2.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAEPDUKHRNNF
Revenue $22.79B $33.25B –
Gross profit $15.43B – –
Operating income $5.24B $9.23B –
Net income $3.07B $5.38B $1.03B
Free cash flow -$5.75B – $1.92B
EPS (diluted) $5.02 $6.66 $1.70
Cash & equivalents $375.00M $673.00M $452.53M
Total debt $52.84B – $54.53B
Shares (diluted) 550.63M 779.00M 600.71M
Enterprise value $68.02B $97.05B $22.10B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAEPDUKHRNNF
P/E 25.5x 18.7x 22.7x
P/FCF -12.2x – 12.1x
P/Operating cash flow 9.1x 8.4x 12.1x
P/S 3.1x 2.9x –
P/B 2.1x 1.7x 2.5x
P/Tangible book 2.1x 1.7x 2.6x
EV/EBITDA 14.0x – 15.3x
EV/EBIT 23.4x – 21.8x
EV/Revenue 5.4x 2.9x –
EV/FCF -21.3x – 19.2x
EV/Operating cash flow 15.9x 8.4x 19.2x
PEG (3Y EPS CAGR) 2.76 0.31 2.15

Growth

14 metrics
MetricAEPDUKHRNNF
Revenue growth (1Y) 10.3% 6.3% –
Revenue CAGR (3Y) 5.4% 4.6% –
Gross profit growth (1Y) 8.1% – –
Gross profit CAGR (3Y) 7.8% – –
Operating income growth (1Y) 2.2% 9.5% –
Operating income CAGR (3Y) 19.5% 13.2% –
Net income growth (1Y) -17.4% 8.7% 14.0%
Net income CAGR (3Y) 15.7% 59.0% 9.9%
EPS growth (1Y) 5.2% 8.9% 13.5%
EPS CAGR (3Y) 9.2% 59.6% 10.6%
Operating cash flow growth (1Y) 17.1% -3.2% 9.8%
Operating cash flow CAGR (3Y) 22.6% 26.8% 5.4%
Free cash flow growth (1Y) -63.5% – 9.7%
Free cash flow CAGR (3Y) -19.1% – 5.7%

Profitability

14 metrics
MetricAEPDUKHRNNF
Gross margin 67.7% – –
EBITDA margin 38.4% – –
Operating margin 23.0% – –
Pretax margin 15.4% – –
Net margin 12.1% – –
FCF margin -25.2% – –
Operating cash flow margin 33.8% 34.8% –
Return on equity 9.6% 9.5% 11.2%
Return on assets 2.7% 2.7% 3.6%
Return on invested capital 5.5% – 6.4%
Return on capital employed 5.0% – –
Asset turnover 0.2x 0.2x –
Cash conversion (OCF / net income) 2.5x 2.1x 1.9x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricAEPDUKHRNNF
Debt / assets 43.5% – 48.8%
Debt / equity 1.6x – 1.5x
Net debt / EBITDA 6.0x – 5.7x
Debt / FCF -9.2x – 7.3x
Liabilities / assets 72.6% – 68.1%
Equity / assets 27.4% 28.3% 31.9%
Interest coverage 2.4x – 3.3x
Current ratio 0.5x 0.7x –
Quick ratio 0.3x – –
Cash ratio 0.0x – –
Altman Z-score 0.92 – –

Shareholder Returns

7 metrics
MetricAEPDUKHRNNF
Dividend yield 2.9% 3.4% 3.5%
Net buyback yield – – –
Shareholder yield 2.9% 3.4% 3.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAEPDUKHRNNF
Forward P/E 21.5xFY2026 19.0xFY2026 22.9xFY2026
EPS, next fiscal year $6.01FY2026 $6.56FY2026 $1.69FY2026
EPS growth, next FY +0.7%FY2026 +4.0%FY2026 +4.3%FY2026
EPS growth, the year after +19.0% +15.4% +3.0%
Revenue, next fiscal year $23.09BFY2026 $32.42BFY2026 $7.16BFY2026
Revenue growth, next FY +5.5%FY2026 +0.6%FY2026 +8.8%FY2026
Revenue growth, the year after +3.5% +4.1% +2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAEPDUKHRNNF
Held by institutions 92.1% 69.7% 0.0%
Institutions holding 1,984 2,457 1
Change in shares held, QoQ +13.2% +0.5% –
Institutions buying 1,064 1,297 0
Institutions selling 584 801 0
Buyers to sellers 1.82 1.62 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AEPDUKHRNNF
AEP 1.00 0.72 0.37
DUK 0.72 1.00 0.48
HRNNF 0.37 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AEP, DUK and HRNNF?

Duke Energy (DUK) is the largest by market capitalisation: American Electric Power (AEP) $70.85B, Duke Energy (DUK) $97.05B, Hydro One (HRNNF) $23.20B.

Which stock is cheaper, AEP, DUK and HRNNF?

Duke Energy (DUK) trades on the lowest price-to-earnings ratio (American Electric Power (AEP) 25.7x, Duke Energy (DUK) 18.7x, Hydro One (HRNNF) 22.7x). On next year's consensus earnings, Duke Energy (DUK) is cheapest (American Electric Power (AEP) 21.5x, Duke Energy (DUK) 19.0x, Hydro One (HRNNF) 22.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

American Electric Power (AEP) grew revenue fastest over the trailing twelve months: American Electric Power (AEP) +10.3%, Duke Energy (DUK) +6.3%.

Which stock has performed better?

Over the past year American Electric Power (AEP) returned the most: American Electric Power (AEP) +11.4%, Duke Energy (DUK) -2.3%, Hydro One (HRNNF) +3.0%. Over five years, American Electric Power (AEP) compounded fastest (American Electric Power (AEP) +8.9%/yr, Duke Energy (DUK) +3.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: American Electric Power (AEP) 0.00%, Duke Energy (DUK) 0.00%, Hydro One (HRNNF) 3.52%. American Electric Power (AEP) and Duke Energy (DUK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Duke Energy (DUK) has been the steadiest (American Electric Power (AEP) 19.4%, Duke Energy (DUK) 16.7%, Hydro One (HRNNF) 17.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AEP, DUK and HRNNF?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Duke Energy (DUK) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.