# Emera Inc (EMA)

Source page: https://stoqly.net/companies/ema

- **Ticker:** EMA (NYSE)
- **Sector:** Utilities / Electric Services
- **SEC CIK:** 0001127248
- **Latest annual report:** 40-F filed 2026-02-23 (https://www.sec.gov/Archives/edgar/data/1127248/000119312526062876/d845370d40f.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $49.29 on 2026-10-30
- **Market cap:** $14.8B
- **P/E (trailing):** 20.4x
- **EPS, trailing 12 months:** $2.42
- **Revenue (FY2025):** $6.3B
- **Revenue growth:** +19.4%
- **Revenue growth, 5-year CAGR:** +8.9%
- **Operating margin:** 22.5%
- **Net margin:** 12.4%
- **Free cash flow:** −$1.2B
- **Free cash flow margin:** −19.7%
- **Return on invested capital:** 5.2%
- **Return on equity:** 8.2%
- **Net debt:** $15.5B
- **Net debt / EBITDA:** 6.6x
- **Change in share count:** +3.6%
- **Piotroski F-score:** 5/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/ema/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 3,227 | 4,796 | 5,034 | 4,605 | 4,105 | 4,599 | 5,829 | 5,604 | 5,256 | 6,277 |
| Operating income | 419 | 1,092 | 1,079 | 1,012 | 855 | 742 | 1,251 | 1,329 | 788 | 1,413 |
| Net income | 171 | 205 | 576 | 535 | 734 | 448 | 775 | 774 | 415 | 780 |
| Diluted EPS (US$) | 1.00 | 0.96 | 2.35 | 2.08 | 2.82 | 1.58 | 2.73 | 2.65 | 1.25 | 2.42 |
| Operating cash flow | 794 | 919 | 1,304 | 1,149 | 1,220 | 945 | 701 | 1,660 | 1,932 | 1,289 |
| Free cash flow | -20 | -259 | -364 | -731 | -735 | -937 | -1,293 | -516 | -369 | -1,237 |
| Cash | 501 | 578 | 305 | 211 | 173 | 310 | 229 | 428 | 136 | 255 |
| Debt and leases | 11,668 | 12,059 | 12,178 | 12,095 | 12,046 | 12,905 | 14,067 | 14,941 | 13,781 | 15,725 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.