Emera Inc (EMA) stock

EMANYSEElectric ServicesFiscal year ends December 31Also trades as EMICF, EMRJF, ERRAF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 23, 2026Score 2/30

$51.13+0.35 (+0.69%)

Close on Nov 13, 2026Market cap $18.39BP/E 21.3Yield 4.03%

Emera statistics

84 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: Jul 31, 2026
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: C$25.95B; C$25.61B
Enterprise Value: C$47.07B; C$53.95B
PE Ratio: 21.34; –
PS Ratio: 2.96; 3.14
PB Ratio: 1.94; 2.47
P/TBV Ratio: 3.33; 4.03
P/OCF Ratio: 14.40; 11.70

Enterprise valuationIndustry

EV / Sales: 5.36; 4.94
EV / EBITDA: 14.38; 12.49
EV / EBIT: 23.83; 23.03

Share statisticsIndustry

Shares Outstanding: 360M; 507M
Shares Change (YoY): 3.63%; 0.10%
Float: 360M; 507M
Shares Held by Insiders: 0.00%; 0.00%
Shares Held by Institutions: 44.8%; 58.9%

Short sellingIndustry

Short Interest: 6M; –
Short Interest Change: -36.0%; -8.97%
Days to Cover: 4.38; 6.23

Stock price statisticsIndustry

Price Change (1 Week): 0.87%; 0.03%
Price Change (1 Month): 8.63%; 4.94%
Price Change (3 Months): -0.06%; 0.86%
Price Change (6 Months): -0.95%; 1.21%
Price Change (YTD): 3.84%; 4.17%
Price Change (1 Year): 7.30%; 1.62%
Price Change (3 Years): 44.1%; 44.8%
Price Change (5 Years): 10.2%; 22.4%
Price Change (10 Years): 56.4%; –
Average Volume (10 Days): 483,674; –
Average Volume (20 Days): 1M; –
Average Volume (90 Days): 674,393; –
Relative Volume: 0.36; 0.56
Relative Strength Index (14): 65.3; 58.1
Volatility (1 Year): 16.2%; 17.9%
Beta (5 Years): 0.29; 0.38

MarginsIndustry

Operating Margin: 22.5%; 26.7%
Pretax Margin: 13.3%; 17.3%
EBITDA Margin: 37.3%; 41.4%
FCF Margin: -19.7%; -15.4%

Returns on capitalIndustry

Return on Invested Capital (ROIC): 5.46%; 5.92%
Return on Capital Employed (ROCE): 5.17%; 5.69%

Financial positionIndustry

Current Ratio: 0.66; 0.61
Quick Ratio: 0.05; 0.30
Debt / Equity: 1.60; 1.51
Debt / EBITDA: 6.56; 5.56
Net Debt / EBITDA: 6.45; 5.40
Interest Coverage: 1.88; 2.04

GrowthIndustry

Revenue Growth (YoY): 21.9%; 7.19%
EPS Growth (YoY): 97.7%; 4.94%
Revenue Growth (3Y CAGR): 4.97%; 4.97%
Revenue Growth (5Y CAGR): 9.77%; 5.39%
EPS Growth (3Y CAGR): -1.62%; –
EPS Growth (5Y CAGR): -2.21%; –

EfficiencyIndustry

Asset Turnover: 0.20; 0.20
WACC: 6.31%; 7.67%

Income statement (TTM)Industry

Revenue: C$8.78B; C$9.04B
Operating Income: C$1.98B; C$2.87B
Pretax Income: C$1.17B; C$1.57B
EBITDA: C$3.27B; C$4.41B
EPS (Diluted): 3.38 CAD; 3.33 CAD

Balance sheetIndustry

Cash & Short-Term Investments: C$349.00M; C$349.00M
Total Debt: C$21.46B; C$19.12B
Net Cash (Debt): -C$21.11B; -C$18.57B
Net Cash Per Share: -58.68 CAD; -30.96 CAD
Equity (Book Value): C$13.38B; C$13.38B
Book Value Per Share: 37.20 CAD; 25.71 CAD
Tangible Book Value: C$7.80B; C$7.91B
Working Capital: -C$2.24B; -C$2.24B

Cash flow (TTM)Industry

Operating Cash Flow: C$1.80B; C$2.70B
Capital Expenditures: -C$3.53B; -C$3.53B
Free Cash Flow: -C$1.73B; -C$1.73B
FCF Per Share: -4.81 CAD; -2.55 CAD

Dividends and yieldsIndustry

FCF Yield: -6.67%; –
Dividend Yield: 4.03%; –
Buyback Yield: -0.18%; -0.13%
Shareholder Yield: 3.85%; 3.23%
Dividend Per Share: 2.91 CAD; –
Dividend Growth (YoY): 1.04%; –
Years of Dividend Growth: 10; –

Taxes and interestIndustry

Interest Expense: C$1.05B; C$1.48B
Income Tax: C$81.00M; C$81.00M
Effective Tax Rate: 6.92%; 10.4%

Scores and fair valueIndustry

Graham Number: 53.19 CAD; 53.19 CAD
Graham Upside: -26.3%; –
Altman Z-Score: 0.83; 0.84

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	EMA	S&P 500	Difference	EMA per year	S&P 500 per year
1 month	+11.9%	-3.0%	+15.0 pts
3 months	-0.4%	-2.8%	+2.4 pts
Year to date	+5.9%	+11.5%	−5.6 pts
1 year	+7.7%	+13.5%	−5.7 pts
3 years	+69.1%	+77.7%	−8.6 pts	+19.1%	+21.1%
5 years	+38.3%	+72.6%	−34.3 pts	+6.7%	+11.5%
10 years	+140.0%	+308.2%	−168.2 pts	+9.1%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

6M EMA shares were sold short on Oct 30, 2026, down 36.0% from the previous report. At recent volumes it would take 4.4 days to buy them back. Over the last 20 sessions, 53.1% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	6,483,058	-36.0%	1,481,014	4.4
Oct 15, 2026	10,127,988	+68.6%	1,173,439	8.6
Sep 30, 2026	6,007,475	+4.3%	337,407	17.8
Sep 15, 2026	5,761,875	+3.6%	389,998	14.8
Aug 31, 2026	5,560,167	+3.4%	325,492	17.1
Aug 14, 2026	5,378,431	-10.3%	799,120	6.7
Jul 31, 2026	5,993,443	-8.2%	506,086	11.8
Jul 15, 2026	6,530,582	+13.9%	374,731	17.4
Jun 30, 2026	5,731,857	+5.8%	457,630	12.5
Jun 15, 2026	5,415,088	+20.4%	503,859	10.8
May 29, 2026	4,496,103	+7.3%	299,249	15.0
May 15, 2026	4,189,819	-16.3%	348,385	12.0

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

Where these numbers come from

Parsed from the XBRL in Emera's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is EMA.

Compare: EMA vs FTS · EMA vs ES · EMA vs NEE · EMA vs DTE · EMA vs CNP

Revenue growth21.9% · median 7.8%

Operating margin22.5% · median 23.0%

Company	Revenue	Growth
NEE	$27.00B	+7.6%
DTE	$16.47B	+15.9%
ES	$14.00B	+7.8%
CNP	$9.82B	+7.8%
EMA	C$8.78B	+21.9%
FTS	–	–

Company

Exchange: NYSE
Industry: Electric Services
Fiscal year ends: December 31
Auditor: Ernst & Young LLP
SEC CIK: 1127248

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