Hydro One (HRNNF) Operating Margin (2017 - 2026)
Hydro One's (HRNNF) quarterly Operating Margin came in at 30.67% in Q2 2026, up 80.0% year-over-year from 17.04% in Q2 2025, and up 15.19% quarter-over-quarter from 26.62% in Q1 2026.
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Hydro One (HRNNF) Operating Margin (2017 - 2026) Analysis & Trends
Hydro One (HRNNF) has reported Operating Margin for 10 consecutive years, with 30.67% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 80.0% year-over-year to 30.67% in Q2 2026; TTM through Jun 2026 was 29.05%, a 74.0% increase from a year earlier, with the FY2025 full-year figure at 24.75%, up 157.0% from the prior year.
- Operating Margin was 30.67% for Q2 2026 at Hydro One, up from 26.62% in the prior quarter.
- Over five years, Operating Margin peaked at 32.16% in Q3 2023 and troughed at 23.92% in Q1 2023.
- A 5-year average of 28.77% and a median of 29.32% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 681 bps in 2023 and jumped 411 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 29.79% in 2022, then rose by 8 bps to 32.16% in 2023, then fell by 9 bps to 29.15% in 2024, then increased by 1 bps to 29.49% in 2025, then advanced by 4 bps to 30.67% in 2026.
- The last three Operating Margin figures came in at 30.67% (Q2 2026), 26.62% (Q1 2026), and 29.49% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 290.50 Bn | 290.50 Bn | 890.00 Mn | 30.20% |
| 2 | Dominion Energy | 55.93 Bn | 59.84 Bn | 3.50 Bn | 7.34% |
| 3 | Xcel Energy | 45.14 Bn | 43.13 Bn | 3.12 Bn | 22.64% |
| 4 | Wec Energy | 33.62 Bn | 33.98 Bn | 1.45 Bn | 20.99% |
| 5 | Ameren | 28.30 Bn | 28.41 Bn | - | 21.94% |
| 6 | Fortis | 27.45 Bn | 28.74 Bn | 1.60 Bn | 27.43% |
| 7 | Firstenergy | 26.18 Bn | 27.48 Bn | 2.51 Bn | 18.41% |
| 8 | Hydro One | 22.32 Bn | 21.93 Bn | - | 30.67% |
| 9 | Edison International | 21.27 Bn | 21.03 Bn | 3.29 Bn | 25.06% |
| 10 | Cms Energy | 20.49 Bn | 20.87 Bn | 3.65 Bn | 16.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.67% |
| Mar 31, 2026 | 26.62% |
| Sep 30, 2025 | 29.49% |
| Jun 30, 2025 | 29.86% |
| Mar 31, 2025 | 28.36% |
| Sep 30, 2024 | 29.15% |
| Jun 30, 2024 | 25.75% |
| Mar 31, 2024 | 27.79% |
| Sep 30, 2023 | 32.16% |
| Jun 30, 2023 | 30.05% |
| Mar 31, 2023 | 23.92% |
| Sep 30, 2022 | 29.79% |
| Jun 30, 2022 | 28.42% |
| Mar 31, 2022 | 30.73% |
| Sep 30, 2021 | 28.49% |
| Jun 30, 2021 | 25.61% |
| Mar 31, 2021 | 31.31% |
| Sep 30, 2020 | 27.80% |
| Jun 30, 2020 | 23.95% |
| Mar 31, 2020 | 25.89% |