Hydro One (HRNNF) Tax Rate (2017 - 2026)
Hydro One (HRNNF) reported 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 10 years of Tax Rate data on file, last reported at 9.43% in Q1 2026.
- Tax Rate for Q1 2026 came in at 9.43%, down 643.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.19% (down 165.0% YoY), and the FY2025 annual result was 13.97%, up 52.0% from the prior year.
- Tax Rate eased to 9.43% in Q1 2026 per HRNNF's latest filing, from 11.36% in the prior quarter.
- Over five years, Tax Rate peaked at 24.39% in Q3 2022 and troughed at 6.63% in Q4 2023.
- A 5-year average of 14.96% and a median of 15.64% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 1142 bps in 2022, then plunged 1530 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 18.64% in 2022, then sank by 64 bps to 6.63% in 2023, then grew by 18 bps to 7.8% in 2024, then jumped by 46 bps to 11.36% in 2025, then retreated 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 664.76 Bn | 664.50 Bn | 1.70 Bn | 16.62 |
| 2 | Dominion Energy | 60.27 Bn | 64.46 Bn | 4.03 Bn | 5.15 |
| 3 | Xcel Energy | 48.32 Bn | 46.42 Bn | 3.35 Bn | -9.23 |
| 4 | Wec Energy | 36.56 Bn | 36.93 Bn | 2.83 Bn | 6.18 |
| 5 | Ameren | 30.01 Bn | 30.12 Bn | 1.69 Bn | 14.35 |
| 6 | Korea Electric Power | 28.97 Bn | 14.20 Bn | 11.57 Bn | - |
| 7 | Edison International | 27.64 Bn | 27.48 Bn | 3.85 Bn | 26.18 |
| 8 | Firstenergy | 26.85 Bn | 28.22 Bn | 2.74 Bn | 22.85 |
| 9 | Cms Energy | 22.51 Bn | 22.92 Bn | 2.28 Bn | 23.48 |
| 10 | Hydro One | - | - | - | 9.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.43% |
| Mar 31, 2026 | 9.43% |
| Dec 31, 2025 | 11.36% |
| Dec 31, 2025 | 11.36% |
| Sep 30, 2025 | 12.37% |
| Sep 30, 2025 | 12.37% |
| Jun 30, 2025 | 15.64% |
| Jun 30, 2025 | 15.64% |
| Mar 31, 2025 | 15.85% |
| Mar 31, 2025 | 15.85% |
| Dec 31, 2024 | 7.80% |
| Dec 31, 2024 | 7.80% |
| Sep 30, 2024 | 13.02% |
| Sep 30, 2024 | 13.02% |
| Jun 30, 2024 | 16.19% |
| Jun 30, 2024 | 16.19% |
| Mar 31, 2024 | 14.74% |
| Mar 31, 2024 | 14.74% |
| Dec 31, 2023 | 6.63% |
| Dec 31, 2023 | 6.63% |