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EMA Financials Emera Inc

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CAD as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 9.8% per year over the past 5 years.
  • Net income has grown slower than revenue (2.1% vs 9.8% per year).
  • Operating margin has expanded, at 22.5% in the latest year.

Financial health

  • Total debt has grown in line with revenue (6.9% vs 9.8% per year).
  • Total debt is 6.6× EBITDA.

Shareholder returns

  • Dividends have been paid for 13 consecutive years, consuming 52.8% of earnings.
  • The dividend has grown 7.1% per year over the past 5 years.
Revenue & net income
CA$0 CA$4B CA$9B 2010 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 12% 24% 2010 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 8% 16% 2010 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-CA$2B -CA$865M CA$0 2010 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
CA$0 CA$11B CA$21B 2010 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-CA$3B -CA$418M CA$3B CA$0 2010 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CA$8.8B CA$1.1B 0.0% 22.5% 8.1% 2.4% -CA$1.7B CA$21.5B —
2024 CA$7.2B CA$568M 0.0% 15.0% 4.3% 1.3% -CA$505M CA$19.8B —
2023 CA$7.6B CA$1.0B 0.0% 23.7% 8.7% 2.6% -CA$696M CA$19.8B —
2022 CA$7.6B CA$1.0B 0.0% 21.5% 8.8% 2.5% -CA$1.7B CA$19.0B —
2021 CA$5.8B CA$561M 0.0% 16.1% 5.5% 1.6% -CA$1.2B CA$16.4B —
2020 CA$5.5B CA$984M 0.0% 20.8% 10.7% 3.2% -CA$986M CA$15.3B —
2019 CA$6.1B CA$710M 0.0% 22.0% 8.3% 2.2% -CA$970M CA$15.7B CA$274M
2018 CA$6.5B CA$747M 0.0% 21.4% 9.0% 2.3% -CA$472M CA$16.6B CA$372M
2017 — CA$299M — — 4.2% 1.0% -CA$336M CA$15.1B CA$503M
2016 — CA$266M — — 4.0% 0.9% — CA$15.7B CA$491M
2015 — CA$452M — — 10.8% 3.8% — CA$4.0B CA$1.1B
2011 — CA$259M — — 16.2% 3.7% -CA$73M CA$3.5B —
2010 — CA$199M — — 14.5% 3.3% -CA$106M CA$3.2B —

Valuation over time

How the market has priced EMA against its own fundamentals since 2025-05 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 18.0 36.0 May '25 Aug '25 Nov '25 Feb '26 May '26 Aug '26 Nov '26
P/E
Price / sales (P/S)
0.0 1.4 2.8 May '25 Aug '25 Nov '25 Feb '26 May '26 Aug '26 Nov '26
P/S
Dividend yield (%)
0.0 1.4 2.9 May '25 Aug '25 Nov '25 Feb '26 May '26 Aug '26 Nov '26
Dividend yield %

Frequently asked questions

Is EMA growing its revenue and profit?

Over the past 5 years, Emera Inc's revenue has grown 9.8% per year, and net income grown 2.1% per year. These are computed facts, not advice.

How much debt does EMA have?

As of FY2025, Emera Inc reported CA$21.5B of total debt against — of cash.

What is EMA's profit margin?

In FY2025, gross margin was —, operating margin 22.5%, and net margin 12.4%.

What is EMA's P/E ratio?

Emera Inc's P/E (TTM) is 19.16 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the EMA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 19.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CAD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CAD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCAUS; 1 CAD = 0.7165 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.