InsiderClue
Stocks · Utilities · Electric Services

EMERA INC

EMA Clue Score49
Nova Scotia, Canada Fiscal year ends December CIK 0001127248
$45.66 -0.41% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $45.66 −4.48% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 28 May 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4.28Operating income0.56Net income0.23EPS, diluted1.32Fiscal year 2017Revenue6.23 +45.6%Operating income1.42Net income0.27 +17.2%EPS, diluted1.24 −6.1%Fiscal year 2018Revenue6.52 +4.8%Operating income1.40Net income0.75 +180.8%EPS, diluted3.04 +145.2%Fiscal year 2019Revenue6.11 −6.3%Operating income1.34Net income0.71 −5.0%EPS, diluted2.76 −9.2%Fiscal year 2020Revenue5.51 −9.9%Operating income1.15Net income0.98 +38.6%EPS, diluted3.78 +37.0%Fiscal year 2021Revenue5.77 +4.7%Operating income0.93Net income0.56 −43.0%EPS, diluted1.98 −47.6%Fiscal year 2022Revenue7.59 +31.6%Operating income1.63Net income1.01 +79.9%EPS, diluted3.55 +79.3%Fiscal year 2023Revenue7.56 −0.3%Operating income1.79Net income1.05 +3.6%EPS, diluted3.57 +0.6%Fiscal year 2024Revenue7.20 −4.8%Operating income1.08Net income0.57 −45.6%EPS, diluted1.71 −52.1%Fiscal year 2025Revenue8.78 +21.9%Operating income1.98Net income1.09 +91.9%EPS, diluted3.38 +97.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.28 6.23 6.52 6.11 5.51 5.77 7.59 7.56 7.20 8.78
Growth +45.6% +4.8% −6.3% −9.9% +4.7% +31.6% −0.3% −4.8% +21.9%
Operating income 0.56 1.42 1.40 1.34 1.15 0.93 1.63 1.79 1.08 1.98
Net income 0.23 0.27 0.75 0.71 0.98 0.56 1.01 1.05 0.57 1.09
Growth +17.2% +180.8% −5.0% +38.6% −43.0% +79.9% +3.6% −45.6% +91.9%
EPS, diluted 1.32 1.24 3.04 2.76 3.78 1.98 3.55 3.57 1.71 3.38
Growth −6.1% +145.2% −9.2% +37.0% −47.6% +79.3% +0.6% −52.1% +97.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin13.0%Net margin5.3%Free cash flow margin−0.6%Fiscal year 2017Operating margin22.8%Net margin4.3%Free cash flow margin−5.4%Fiscal year 2018Operating margin21.4%Net margin11.5%Free cash flow margin−7.2%Fiscal year 2019Operating margin22.0%Net margin11.6%Free cash flow margin−15.9%Fiscal year 2020Operating margin20.8%Net margin17.9%Free cash flow margin−17.9%Fiscal year 2021Operating margin16.1%Net margin9.7%Free cash flow margin−20.4%Fiscal year 2022Operating margin21.5%Net margin13.3%Free cash flow margin−22.2%Fiscal year 2023Operating margin23.7%Net margin13.8%Free cash flow margin−9.2%Fiscal year 2024Operating margin15.0%Net margin7.9%Free cash flow margin−7.0%Fiscal year 2025Operating margin22.5%Net margin12.4%Free cash flow margin−19.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 13.0% 22.8% 21.4% 22.0% 20.8% 16.1% 21.5% 23.7% 15.0% 22.5%
Net margin 5.3% 4.3% 11.5% 11.6% 17.9% 9.7% 13.3% 13.8% 7.9% 12.4%
Free cash flow margin −0.6% −5.4% −7.2% −15.9% −17.9% −20.4% −22.2% −9.2% −7.0% −19.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.05Capital expenditure−1.08Free cash flow−0.03Dividends paid−0.22Fiscal year 2017Operating cash flow1.19Capital expenditure−1.53Free cash flow−0.34Dividends paid−0.29Fiscal year 2018Operating cash flow1.69Capital expenditure−2.16Free cash flow−0.47Dividends paid−0.35Fiscal year 2019Operating cash flow1.53Capital expenditure−2.50Free cash flow−0.97Dividends paid−0.38Fiscal year 2020Operating cash flow1.64Capital expenditure−2.62Free cash flow−0.99Dividends paid−0.41Fiscal year 2021Operating cash flow1.19Capital expenditure−2.36Free cash flow−1.17Dividends paid−0.44Fiscal year 2022Operating cash flow0.91Capital expenditure−2.60Free cash flow−1.68Dividends paid−0.47Fiscal year 2023Operating cash flow2.24Capital expenditure−2.94Free cash flow−0.70Dividends paid−0.49Fiscal year 2024Operating cash flow2.65Capital expenditure−3.15Free cash flow−0.51Dividends paid−0.54Fiscal year 2025Operating cash flow1.80Capital expenditure−3.53Free cash flow−1.73Dividends paid−0.58
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.05 1.19 1.69 1.53 1.64 1.19 0.91 2.24 2.65 1.80
Capital expenditure −1.08 −1.53 −2.16 −2.50 −2.62 −2.36 −2.60 −2.94 −3.15 −3.53
Free cash flow −0.03 −0.34 −0.47 −0.97 −0.99 −1.17 −1.68 −0.70 −0.51 −1.73
Growth
Dividends paid −0.22 −0.29 −0.35 −0.38 −0.41 −0.44 −0.47 −0.49 −0.54 −0.58

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.49Total debt14.74Net cash (debt)−14.25Shareholders’ equity6.70Debt to equity2.20Fiscal year 2017Cash0.50Total debt13.88Net cash (debt)−13.38Shareholders’ equity7.11Debt to equity1.95Fiscal year 2018Cash0.37Total debt15.41Net cash (debt)−15.04Shareholders’ equity8.32Debt to equity1.85Fiscal year 2019Cash0.27Total debt14.18Net cash (debt)−13.91Shareholders’ equity8.57Debt to equity1.66Fiscal year 2020Total debt13.72Shareholders’ equity9.20Debt to equity1.49Fiscal year 2021Total debt14.66Shareholders’ equity10.12Debt to equity1.45Fiscal year 2022Total debt16.32Shareholders’ equity11.43Debt to equity1.43Fiscal year 2023Total debt18.37Shareholders’ equity12.07Debt to equity1.52Fiscal year 2024Total debt18.41Shareholders’ equity13.28Debt to equity1.39Fiscal year 2025Total debt19.65Shareholders’ equity13.38Debt to equity1.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.49 0.50 0.37 0.27 n/a n/a n/a n/a n/a n/a
Total debt 14.74 13.88 15.41 14.18 13.72 14.66 16.32 18.37 18.41 19.65
Net cash (debt) −14.25 −13.38 −15.04 −13.91 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 6.70 7.11 8.32 8.57 9.20 10.12 11.43 12.07 13.28 13.38
Debt to equity 2.20 1.95 1.85 1.66 1.49 1.45 1.43 1.52 1.39 1.47

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of CAD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4.28 6.23 6.52 6.11 5.51 5.77 7.59 7.56 7.20 8.78
Growth +45.6% +4.8% −6.3% −9.9% +4.7% +31.6% −0.3% −4.8% +21.9%
0.56 1.42 1.40 1.34 1.15 0.93 1.63 1.79 1.08 1.98
Growth +155.5% −1.4% −3.9% −14.6% −18.9% +75.2% +10.1% −39.8% +82.9%
0.24 0.82 0.82 0.77 1.33 0.56 1.19 1.17 0.41 1.17
−0.02 0.52 0.07 0.06 0.34 −0.01 0.19 0.13 −0.16 0.08
0.23 0.27 0.75 0.71 0.98 0.56 1.01 1.05 0.57 1.09
Growth +17.2% +180.8% −5.0% +38.6% −43.0% +79.9% +3.6% −45.6% +91.9%
Per share
1.33 1.25 3.05 2.76 3.78 1.98 3.56 3.57 1.71 3.39
1.32 1.24 3.04 2.76 3.78 1.98 3.55 3.57 1.71 3.38
Growth −6.1% +145.2% −9.2% +37.0% −47.6% +79.3% +0.6% −52.1% +97.7%
171.4 213.4 233.0 239.9 247.8 257.2 265.5 273.6 289.1 299.2
172.2 214.1 233.5 240.5 248.2 258.0 265.9 273.8 289.2 299.7
Growth +24.3% +9.1% +3.0% +3.2% +3.9% +3.1% +3.0% +5.6% +3.6%

Shown in CAD as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 9.8% a year over five years, and earnings per share fell 2.2% a year.
  • The diluted share count rose 20.7% in five years, which is dilution.
  • Operating margin is up 1.7 points on five years ago, at 22.5%.
  • Profitable in every one of the 10 years on file.