Emera Incorporated (EMA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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EMA Revenue Growth
Revenue Breakdown (FY 2025)
EMA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
EMA Revenue Analysis (2014–2025)
As of May 8, 2026, Emera Incorporated (EMA) generated trailing twelve-month (TTM) revenue of $8.79 billion, reflecting strong growth of +14.4% year-over-year. The most recent quarter (Q4 2025) recorded $2.02 billion in revenue, down 4.2% sequentially.
Looking at the longer-term picture, EMA's 5-year compound annual growth rate (CAGR) stands at +8.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $8.30 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows EMA's business is primarily driven by Florida Electric Utility (48%), Canadian Electric Utilities (22%), and Gas Utilities and Infrastructure (19%).
When compared to Utilities sector peers including AES (+3.0% YoY), ETR (+11.4% YoY), and PPL (+6.9% YoY), EMA has outperformed the peer group in terms of revenue growth. Compare EMA vs AES →
EMA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EMACurrent | $8.8B | +14.4% | +8.6% | 18.7% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% | |
 ETR | $12.9B | +11.4% | +5.1% | 23.6% | |
 PPL | $9.0B | +6.9% | +10.6% | 23.6% | |
 EVRG | $5.9B | +2.4% | +3.8% | 25.2% | |
 PNW | $5.3B | +4.8% | +8.3% | 20.9% |
EMA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.30B | +15.3% | $2.04B | 24.6% | $1.55B | 18.7% |
| 2024 | $7.20B | -4.8% | $2.90B | 40.3% | $1.08B | 15.0% |
| 2023 | $7.56B | -0.3% | $3.28B | 43.4% | $1.79B | 23.7% |
| 2022 | $7.59B | +31.6% | $3.03B | 39.9% | $1.63B | 21.5% |
| 2021 | $5.76B | +4.7% | $2.17B | 37.6% | $930.0M | 16.1% |
| 2020 | $5.51B | -9.9% | $2.38B | 43.2% | $1.15B | 20.8% |
| 2019 | $6.11B | -6.3% | $2.62B | 42.9% | $1.34B | 22.0% |
| 2018 | $6.52B | +4.8% | $2.65B | 40.7% | $1.40B | 21.4% |
| 2017 | $6.23B | +45.6% | $2.60B | 41.8% | $1.42B | 22.8% |
| 2016 | $4.28B | +53.4% | $1.34B | 31.3% | $555.0M | 13.0% |
Full EMA Stock Analysis
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Start ComparisonEMA — Frequently Asked Questions
Quick answers to the most common questions about buying EMA stock.
Is EMA's revenue growth accelerating or slowing?
EMA maintains +14.4% revenue growth, in line with its 5-year CAGR of +8.6%. TTM revenue stands at $8.8B. Growth rate remains consistent with historical average.
What is EMA's long-term revenue growth rate?
Emera Incorporated's 5-year revenue CAGR of +8.6% reflects the sustained expansion pattern. Current YoY growth of +14.4% is near this long-term average.
How is EMA's revenue distributed by segment?
EMA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.