Emera Incorporated (EMA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when EMA posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Emera Incorporated (EMA) stock price & volume — 10-year historical chart
Emera Incorporated (EMA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Emera Incorporated (EMA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.98vs $0.87+13.7% | $2.0Bvs $1.7B+16.1% |
| Q1 2026 | Feb 23, 2026 | $0.40vs $0.42-3.9% | $1.5Bvs $1.1B+28.5% |
| Q4 2025 | Nov 7, 2025 | $0.64vs $0.44+45.7% | $2.1Bvs $1.7B+24.1% |
| Q3 2025 | Aug 7, 2025 | $0.57vs $0.47+22.5% | $2.0Bvs $1.8B+9.7% |
Emera Incorporated (EMA) competitors in Electric and gas combination utilities — business model, growth, and fundamentals comparison
Emera Incorporated (EMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Emera Incorporated (EMA) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.23B | 6.52B | 6.11B | 5.51B | 5.76B | 7.59B | 7.56B | 7.2B | 8.3B | 8.59B |
Revenue Growth % | 45.57% | 4.79% | -6.33% | -9.9% | 4.7% | 31.62% | -0.33% | -4.8% | 15.31% | 9.31% |
Cost of Revenue | 3.63B | 3.87B | 3.49B | 3.13B | 3.6B | 4.56B | 4.28B | 4.29B | 6.26B | 5.76B |
Gross Profit | 2.6B▲ 0% | 2.65B▲ 2.1% | 2.62B▼ 1.2% | 2.38B▼ 9.2% | 2.17B▼ 8.9% | 3.03B▲ 39.5% | 3.28B▲ 8.5% | 2.9B▼ 11.5% | 2.04B▼ 29.8% | 2.83B▲ 0% |
Gross Margin % | 41.76% | 40.68% | 42.91% | 43.24% | 37.64% | 39.91% | 43.42% | 40.35% | 24.58% | 32.91% |
Gross Profit Growth % | 94.32% | 2.08% | -1.21% | -9.19% | -8.86% | 39.54% | 8.45% | -11.54% | -29.76% | - |
Operating Expenses | 1.18B | 1.26B | 1.28B | 1.23B | 1.24B | 1.4B | 1.49B | 1.82B | 485.6M | 1.21B |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
EBITDA | 2.27B | 2.33B | 2.25B | 2.05B | 1.84B | 2.59B | 2.85B | 2.25B | 2.85B | 2.59B |
EBITDA Margin % | 36.44% | 35.65% | 36.88% | 37.16% | 32% | 34.11% | 37.74% | 31.18% | 34.35% | 30.17% |
EBITDA Growth % | 97.65% | 2.51% | -3.1% | -9.23% | -9.82% | 40.27% | 10.28% | -21.34% | 27.02% | -6.39% |
Depreciation & Amortization | 851M | 928M | 911M | 899M | 915M | 959M | 1.06B | 1.17B | 1.3B | 976.73M |
D&A / Revenue % | 13.67% | 14.22% | 14.91% | 16.33% | 15.87% | 12.64% | 14.02% | 16.18% | 15.62% | 11.37% |
Operating Income (EBIT) | 1.42B▲ 0% | 1.4B▼ 1.4% | 1.34B▼ 3.9% | 1.15B▼ 14.6% | 930M▼ 18.9% | 1.63B▲ 75.2% | 1.79B▲ 10.1% | 1.08B▼ 39.8% | 1.55B▲ 44.0% | 1.61B▲ 0% |
Operating Margin % | 22.78% | 21.43% | 21.98% | 20.83% | 16.13% | 21.47% | 23.72% | 15% | 18.73% | 18.79% |
Operating Income Growth % | 155.5% | -1.41% | -3.93% | -14.59% | -18.92% | 75.16% | 10.13% | -39.8% | 43.96% | - |
Interest Expense | 698M | 713M | 738M | 679M | 611M | 709M | 927M | 975M | 1.03B | 4M |
Interest Coverage | 2.03x | 1.92x | 1.87x | 1.74x | 1.54x | 2.43x | 1.97x | 1.37x | 2.13x | - |
Interest / Revenue % | 11.21% | 10.93% | 12.08% | 12.33% | 10.6% | 9.34% | 12.26% | 13.54% | 12.44% | 0.05% |
Non-Operating Income | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -2M |
Pretax Income | 819M▲ 0% | 816M▼ 0.4% | 771M▼ 5.5% | 1.32B▲ 71.9% | 555M▼ 58.1% | 1.19B▲ 115.1% | 1.17B▼ 1.8% | 409M▼ 65.1% | 1.17B▲ 186.1% | 1.16B▲ 0% |
Pretax Margin % | 13.15% | 12.51% | 12.62% | 24.06% | 9.63% | 15.74% | 15.51% | 5.68% | 14.09% | 13.55% |
Income Tax | 520M | 69M | 61M | 341M | -6M | 185M | 128M | -159M | 80.93M | 91.36M |
Effective Tax Rate % | 63.49% | 8.46% | 7.91% | 25.74% | -1.08% | 15.49% | 10.91% | -38.88% | 6.92% | 7.85% |
Net Income | 294M▲ 0% | 746M▲ 153.7% | 708M▼ 5.1% | 983M▲ 38.8% | 560M▼ 43.0% | 1.01B▲ 80.0% | 1.04B▲ 3.6% | 567M▼ 45.7% | 1.09B▲ 91.9% | 1.07B▲ 0% |
Net Margin % | 4.72% | 11.43% | 11.59% | 17.85% | 9.71% | 13.28% | 13.8% | 7.88% | 13.11% | 12.47% |
Net Income Growth % | 15.29% | 153.74% | -5.09% | 38.84% | -43.03% | 80% | 3.57% | -45.69% | 91.91% | 13.62% |
EPS (Diluted) | 1.24▲ 0% | 3.19▲ 157.3% | 2.76▼ 13.5% | 3.78▲ 37.0% | 1.98▼ 47.6% | 3.55▲ 79.3% | 3.57▲ 0.6% | 1.71▼ 52.1% | 3.38▲ 97.7% | 3.52▲ 0% |
EPS Growth % | -6.06% | 157.26% | -13.48% | 36.96% | -47.62% | 79.29% | 0.56% | -52.1% | 97.66% | 11.46% |
EPS (Basic) | 1.25 | 3.20 | 2.76 | 3.79 | 1.98 | 3.56 | 3.57 | 1.71 | 3.39 | - |
Diluted Shares Outstanding | 214.1M | 234M | 240.5M | 248.2M | 257.6M | 265.9M | 273.8M | 289M | 299.7M | 304.2M |
Emera Incorporated (EMA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 28.77B | 32.31B | 24.56B | 31.23B | 34.24B | 39.74B | 39.48B | 42.95B | 44.78B | 34.55B |
Asset Growth % | -1.54% | 12.31% | -24.01% | 27.2% | 9.64% | 16.06% | -0.66% | 8.79% | 4.26% | 0.79% |
PP&E (Net) | 17B | 18.71B | 14.06B | 19.6B | 20.35B | 23B | 24.38B | 26.17B | 27.43B | 20.32B |
PP&E / Total Assets % | 59.07% | 57.91% | 57.25% | 62.74% | 59.44% | 57.86% | 61.74% | 60.93% | 61.26% | 58.82% |
Total Current Assets | 2.53B | 2.83B | 1.92B | 2.18B | 3.14B | 4.9B | 3.71B | 3.69B | 4.39B | 4.73B |
Cash & Equivalents | 438M | 273M | 210.53M | 220M | 394M | 310M | 567M | 196M | 364.7M | 1.78B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 418M | 474M | 360.13M | 453M | 538M | 769M | 790M | 781M | 820.33M | 579.45M |
Other Current Assets | 532M | 862M | 415.65M | 621M | 1.07B | 2.06B | 1.08B | 1.42B | 1.15B | 941.78M |
Long-Term Investments | 1.22B | 1.32B | 1.4B | 1.35B | 1.38B | 1.42B | 1.4B | 654M | 1.25B | 3.41B |
Goodwill | 5.8B | 6.31B | 4.5B | 5.72B | 5.7B | 6.01B | 5.87B | 5.86B | 5.58B | 4.08B |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 2.09B | 2.97B | 2.53B | 2.39B | 3.38B | 4.18B | 3.92B | 6.19B | 5.72B | 4.28B |
Total Liabilities | 21.59B | 23.96B | 17.92B | 22B | 24.09B | 28.3B | 27.39B | 29.66B | 31.4B | 24.34B |
Total Debt | 15.12B | 16.6B | 12.17B | 15.41B | 16.4B | 19.04B | 19.8B | 19.81B | 21.62B | 17.22B |
Net Debt | 14.68B | 16.32B | 11.96B | 15.19B | 16.01B | 18.73B | 19.23B | 19.61B | 21.25B | 15.45B |
Long-Term Debt | 13.14B | 14.29B | 10.55B | 12.34B | 14.2B | 15.74B | 17.69B | 18.17B | 18.49B | 15.25B |
Short-Term Borrowings | 1.98B | 2.31B | 1.58B | 3.01B | 2.2B | 3.3B | 2.11B | 1.63B | 3.01B | 1.98B |
Capital Lease Obligations | 0 | -3.1B | 47.04M | 63M | 0 | 0 | 0 | 0 | 118.9M | 118.9M |
Total Current Liabilities | 3.95B | 4.55B | 3.21B | 4.88B | 4.88B | 7.29B | 4.54B | 5.12B | 6.62B | 4.44B |
Accounts Payable | 1.16B | 1.29B | 862.16M | 1.15B | 1.49B | 2.02B | 1.45B | 1.99B | 1.95B | 1.2B |
Accrued Expenses | 41M | 287M | 16.97M | 241M | 232M | 271M | 279M | 295M | 21.98M | 21.98M |
Deferred Revenue | 265M | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 762M | 666M | 757.28M | 476M | 945M | 1.67B | 689M | 1.18B | 1.64B | 1.26B |
Deferred Taxes | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 6.74B |
Other Liabilities | 1.63B | 686M | 3.12B | 4.72B | 3.15B | 3.07B | 2.81B | 4.04B | 3.65B | 2.77B |
Total Equity | 7.18B▲ 0% | 8.36B▲ 16.4% | 6.63B▼ 20.6% | 9.24B▲ 39.3% | 10.15B▲ 9.9% | 11.44B▲ 12.7% | 12.09B▲ 5.7% | 13.29B▲ 10.0% | 13.39B▲ 0.7% | 10.21B▲ 0% |
Equity Growth % | 5.36% | 16.39% | -20.64% | 39.28% | 9.87% | 12.72% | 5.66% | 9.95% | 0.71% | -11.81% |
Shareholders Equity | 7.09B | 8.32B | 6.61B | 9.2B | 10.12B | 11.43B | 12.07B | 13.28B | 13.37B | 10.2B |
Minority Interest | 92M | 41M | 26.99M | 34M | 34M | 14M | 14M | 14M | 13.99M | 10.06M |
Common Stock | 5.6B | 5.82B | 4.79B | 6.71B | 7.24B | 7.76B | 8.46B | 9.04B | 9.38B | 6.94B |
Additional Paid-in Capital | 76M | 84M | 60.15M | 79M | 79M | 81M | 82M | 84M | 85.93M | 62.55M |
Retained Earnings | 891M | 1.07B | 904.57M | 1.5B | 1.35B | 1.58B | 1.8B | 1.47B | 1.61B | 1.4B |
Accumulated OCI | -188M | 338M | 73.26M | -79M | 25M | 578M | 305M | 1.26B | 872.29M | 768.52M |
Return on Assets (ROA) | 1.01% | 2.44% | 2.49% | 3.52% | 1.71% | 2.72% | 2.64% | 1.38% | 2.48% | 2.59% |
Return on Equity (ROE) | 4.2% | 9.6% | 9.45% | 12.39% | 5.78% | 9.34% | 8.87% | 4.47% | 8.16% | 8.53% |
Debt / Equity | 2.11x | 1.99x | 1.84x | 1.67x | 1.62x | 1.66x | 1.64x | 1.49x | 1.62x | 1.69x |
Debt / Assets | 52.56% | 51.36% | 49.57% | 49.33% | 47.89% | 47.92% | 50.15% | 46.12% | 48.28% | 49.85% |
Net Debt / EBITDA | 6.47x | 7.02x | 5.31x | 7.42x | 8.68x | 7.24x | 6.74x | 8.74x | 7.45x | 5.96x |
Book Value per Share | 33.54 | 35.72 | 27.58 | 37.22 | 39.4 | 43.03 | 44.15 | 45.99 | 44.66 | 33.57 |
Emera Incorporated (EMA) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.19B | 1.69B | 1.52B | 1.64B | 1.19B | 913M | 2.24B | 2.65B | 1.8B | 1.63B |
Operating CF Growth % | 13.3% | 41.66% | -9.76% | 7.34% | -27.61% | -22.95% | 145.45% | 18.07% | -31.95% | -173.64% |
Operating CF / Revenue % | 19.16% | 25.9% | 24.95% | 29.73% | 20.56% | 12.03% | 29.63% | 36.75% | 21.69% | 18.99% |
Net Income | 299M | 747M | 710M | 984M | 561M | 1.01B | 1.04B | 568M | 1.09B | 1.07B |
Depreciation & Amortization | 851M | 928M | 911M | 899M | 915M | 959M | 1.06B | 1.17B | 1.3B | 1.22B |
Deferred Taxes | 469M | 185M | 125M | 381M | -37M | 152M | 97M | -191M | 70.94M | 19.87M |
Other Non-Cash Items | -62M | -45M | -148M | -844M | -102M | -1.01B | 134M | 652M | 100.92M | 289.03M |
Working Capital Changes | -104M | -116M | -73M | 217M | -152M | -234M | -95M | 452M | -756.38M | -804.45M |
Capital Expenditures | -1.53B | -2.16B | -2.5B | -2.62B | -2.36B | -2.6B | -2.94B | -3.15B | -3.53B | -3.44B |
CapEx / Revenue % | 24.56% | 33.14% | 40.83% | 47.64% | 40.92% | 34.21% | 38.83% | 43.76% | 42.51% | 40.04% |
CapEx / D&A | 1.80x | 2.33x | 2.74x | 2.92x | 2.58x | 2.71x | 2.77x | 2.70x | 2.72x | 2.82x |
CapEx Coverage (OCF/CapEx) | 0.78x | 0.78x | 0.61x | 0.62x | 0.50x | 0.35x | 0.76x | 0.84x | 0.51x | 0.47x |
Cash from Investing | -1.76B | -2.19B | -1.62B | -1.22B | -2.33B | -2.57B | -2.92B | -2.22B | -3.48B | -3.4B |
Acquisitions | 0 | 0 | 875M | 1.4B | 3M | 0 | 0 | 927M | 47.96M | 7.47M |
Purchase of Investments | -213M | -49M | -3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -19M | 21M | 6M | -2M | 24M | 27M | 20M | 6M | 2M | 31.56M |
Cash from Financing | 593M | 344M | 14M | -372M | 1.31B | 1.55B | 939M | -818M | 1.84B | 3.3B |
Dividends Paid | -315M | -382M | -423M | -454M | -493M | -535M | -554M | -611M | -650.47M | -616.08M |
Dividend Payout Ratio % | 97.62% | 46.38% | 53.39% | 41.61% | 79.11% | 46.83% | 46.74% | 94.89% | 52.89% | - |
Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 4M |
Stock Issued | 682M | 10M | 203M | 285M | 317M | 277M | 424M | 284M | 46.96M | 159.34M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 650M | 269M | -24M | -11M | -13M | -7M | -12M | 3M | -8.99M | -45.71M |
Net Change in Cash | 12M▲ 0% | -131M▼ 1191.7% | -98M▲ 25.2% | -20M▲ 79.6% | 163M▲ 915.0% | -85M▼ 152.1% | 256M▲ 401.2% | -367M▼ 243.4% | 161.61M▲ 144.0% | 1.55B▲ 0% |
Exchange Rate Effect | -13M | 25M | -20M | -61M | -1M | 16M | -7M | 23M | 739.71K | 10.23M |
Cash at Beginning | 491M | 503M | 372M | 274M | 254M | 417M | 332M | 588M | 203.09M | 265.79M |
Cash at End | 503M | 372M | 274M | 254M | 417M | 332M | 588M | 221M | 364.7M | 1.78B |
Free Cash Flow | -336M▲ 0% | -472M▼ 40.5% | -970M▼ 105.5% | -986M▼ 1.6% | -1.17B▼ 19.1% | -1.68B▼ 43.4% | -696M▲ 58.6% | -505M▲ 27.4% | -1.73B▼ 242.3% | -1.81B▲ 0% |
FCF Growth % | 95.83% | -40.48% | -105.51% | -1.65% | -19.07% | -43.36% | 58.65% | 27.44% | -242.3% | -263.03% |
FCF Margin % | -5.4% | -7.23% | -15.87% | -17.91% | -20.36% | -22.18% | -9.2% | -7.01% | -20.82% | -21.05% |
FCF / Net Income % | -114.29% | -63.27% | -137.01% | -100.31% | -209.64% | -166.96% | -66.67% | -89.07% | -158.86% | -168.74% |
Emera Incorporated (EMA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 4.2% | 9.6% | 9.45% | 12.39% | 5.78% | 9.34% | 8.87% | 4.47% | 8.16% | 8.53% |
EBITDA Margin | 36.44% | 35.65% | 36.88% | 37.16% | 32% | 34.11% | 37.74% | 31.18% | 34.35% | 30.17% |
Net Debt / EBITDA | 6.47x | 7.02x | 5.31x | 7.42x | 8.68x | 7.24x | 6.74x | 8.74x | 7.45x | 5.96x |
Interest Coverage | 2.03x | 1.92x | 1.87x | 1.74x | 1.54x | 2.43x | 1.97x | 1.37x | 2.13x | - |
CapEx / Revenue | 24.56% | 33.14% | 40.83% | 47.64% | 40.92% | 34.21% | 38.83% | 43.76% | 42.51% | 40.04% |
Dividend Payout Ratio | 97.62% | 46.38% | 53.39% | 41.61% | 79.11% | 46.83% | 46.74% | 94.89% | 52.89% | 52.61% |
Debt / Equity | 2.11x | 1.99x | 1.84x | 1.67x | 1.62x | 1.66x | 1.64x | 1.49x | 1.62x | 1.69x |
EPS Growth | -6.06% | 157.26% | -13.48% | 36.96% | -47.62% | 79.29% | 0.56% | -52.1% | 97.66% | 11.46% |
Emera Incorporated (EMA) stock FAQ — growth, dividends, profitability & financials explained
Emera Incorporated (EMA) reported $8.59B in revenue for fiscal year 2025. This represents a 942% increase from $824.6M in 1999.
Emera Incorporated (EMA) grew revenue by 15.3% over the past year. This is strong growth.
Yes, Emera Incorporated (EMA) is profitable, generating $1.07B in net income for fiscal year 2025 (13.1% net margin).
Yes, Emera Incorporated (EMA) pays a dividend with a yield of 2.63%. This makes it attractive for income-focused investors.
Emera Incorporated (EMA) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.
Emera Incorporated (EMA) had negative free cash flow of $1.81B in fiscal year 2025, likely due to heavy capital investments.
Emera Incorporated (EMA) has a dividend payout ratio of 53%. This suggests the dividend is well-covered and sustainable.