Hydro One (HRNNF) Tax Rate (2017 - 2026)
Hydro One (HRNNF) posted quarterly Tax Rate of 9.43% for Q1 2026, down 643.0% year-over-year from 1.74% in Q1 2025, and down 17.06% quarter-over-quarter from 11.36% in Q4 2025.
Hydro One (HRNNF) Tax Rate (2017 - 2026) Analysis & Trends
Hydro One (HRNNF) has reported Tax Rate for 10 consecutive years, with 9.43% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 643.0% year-over-year to 9.43%; the TTM figure through Mar 2026 stood at 11.01% (down 144.0% YoY), while the FY2025 annual figure was 13.97%, up 52.0% from the prior year.
- Tax Rate retreated to 9.43% in Q1 2026 per HRNNF's latest filing, from 11.36% in the prior quarter.
- Across five years, Tax Rate topped out at 18.8% in Q3 2022 and bottomed at 3.79% in Q4 2023.
- Historically, Tax Rate has averaged 11.83% across 5 years, with a median of 11.78% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate soared 924 bps — and 2023, when it plunged 1212 bps.
- Hydro One's Tax Rate stood at 11.78% in 2022, then tumbled by 68 bps to 3.79% in 2023, then soared by 106 bps to 7.8% in 2024, then surged by 46 bps to 11.36% in 2025, then decreased by 17 bps to 9.43% in 2026.
- Business Quant data shows HRNNF's Tax Rate at 9.43% in Q1 2026, 11.36% in Q4 2025, and 12.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 14.13% |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 14.18% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 16.89% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 20.72% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 15.58% |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 24.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.43% |
| Mar 31, 2026 | 9.43% |
| Mar 31, 2026 | 9.43% |
| Dec 31, 2025 | 11.36% |
| Dec 31, 2025 | 11.36% |
| Dec 31, 2025 | 11.36% |
| Sep 30, 2025 | 12.37% |
| Sep 30, 2025 | 12.37% |
| Sep 30, 2025 | 12.37% |
| Jun 30, 2025 | 10.91% |
| Jun 30, 2025 | 10.91% |
| Jun 30, 2025 | 10.91% |
| Mar 31, 2025 | 15.85% |
| Mar 31, 2025 | 15.85% |
| Mar 31, 2025 | 15.85% |
| Dec 31, 2024 | 7.80% |
| Dec 31, 2024 | 7.80% |
| Dec 31, 2024 | 7.80% |
| Sep 30, 2024 | 13.02% |
| Sep 30, 2024 | 13.02% |