Hydro One (HRNNF) Return on Capital Employed (2018 - 2025)
Hydro One (HRNNF) posted quarterly Return on Capital Employed of 5.95% for Q4 2025, up 76.0% year-over-year from 3.38% in Q4 2024, and up 14.73% quarter-over-quarter from 5.18% in Q4 2024.
Hydro One (HRNNF) Return on Capital Employed (2018 - 2025) Analysis & Trends
Hydro One (HRNNF) has reported Return on Capital Employed for 8 consecutive years, with 5.95% the latest figure, recorded in Q4 2025.
- In Q4 2025, Return on Capital Employed rose 76.0% year-over-year to 5.95%; the TTM figure through Dec 2025 stood at 5.95% (up 76.0% YoY), while the FY2025 annual figure was 6.4%, up 16.0% from the prior year.
- Return on Capital Employed grew to 5.95% in Q4 2025 per HRNNF's latest filing, from 5.18% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 7.43% in Q4 2023 and bottomed at 5.18% in Q4 2024.
- Historically, Return on Capital Employed has averaged 6.51% across 5 years, with a median of 6.82% in 2022.
- Annual changes were most pronounced in 2024 — Return on Capital Employed tumbled 225 bps — and 2025, when it surged 76 bps.
- Hydro One's Return on Capital Employed stood at 7.19% in 2021, then declined by 5 bps to 6.82% in 2022, then grew by 9 bps to 7.43% in 2023, then sank by 30 bps to 5.18% in 2024, then gained by 15 bps to 5.95% in 2025.
- Business Quant data shows HRNNF's Return on Capital Employed at 5.95% in Q4 2025, 5.18% in Q4 2024, and 7.43% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 3.53% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 3.61% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 4.92% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 4.78% |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | -0.23% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 7.20% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 6.85% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 5.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.95% |
| Dec 31, 2024 | 5.18% |
| Dec 31, 2023 | 7.43% |
| Dec 31, 2022 | 6.82% |
| Dec 31, 2021 | 7.19% |
| Dec 31, 2020 | 6.96% |
| Mar 31, 2020 | 7.60% |
| Dec 31, 2019 | 7.75% |
| Sep 30, 2019 | -0.11% |
| Jun 30, 2019 | -0.72% |
| Mar 31, 2019 | -0.84% |
| Dec 31, 2018 | -3.01% |
| Mar 31, 2018 | 2.63% |