Emera Incorporated (EMA) Income Statement

NYSE: EMARevenue, profits, margins and EPS over 10 years.

EMA 2025 at a glance

Fiscal year ended December 31, 2025 · Canadian dollars
Revenue+15.3%
C$8.30B
2025 · hover or tap a bar for each year
2016: C$4.28B (+53.4%)2017: C$6.23B (+45.6%)2018: C$6.52B (+4.8%)2019: C$6.11B (−6.3%)2020: C$5.51B (−9.9%)2021: C$5.76B (+4.7%)2022: C$7.59B (+31.6%)2023: C$7.56B (−0.3%)2024: C$7.20B (−4.8%)2025: C$8.30B (+15.3%)
20162025
Gross profit−29.8%
C$2.04B
2025 · hover or tap a bar for each year
2016: C$1.34B (+37.8%)2017: C$2.60B (+94.3%)2018: C$2.65B (+2.1%)2019: C$2.62B (−1.2%)2020: C$2.38B (−9.2%)2021: C$2.17B (−8.9%)2022: C$3.03B (+39.5%)2023: C$3.28B (+8.5%)2024: C$2.90B (−11.5%)2025: C$2.04B (−29.8%)
20162025
Operating income+44.0%
C$1.55B
2025 · hover or tap a bar for each year
2016: C$555.0M (+9.3%)2017: C$1.42B (+155.5%)2018: C$1.40B (−1.4%)2019: C$1.34B (−3.9%)2020: C$1.15B (−14.6%)2021: C$930.0M (−18.9%)2022: C$1.63B (+75.2%)2023: C$1.79B (+10.1%)2024: C$1.08B (−39.8%)2025: C$1.55B (+44.0%)
20162025
Net income+91.9%
C$1.09B
2025 · hover or tap a bar for each year
2016: C$255.0M (−40.3%)2017: C$294.0M (+15.3%)2018: C$746.0M (+153.7%)2019: C$708.0M (−5.1%)2020: C$983.0M (+38.8%)2021: C$560.0M (−43.0%)2022: C$1.01B (+80.0%)2023: C$1.04B (+3.6%)2024: C$567.0M (−45.7%)2025: C$1.09B (+91.9%)
20162025
Net profit margin+5.2 pts
13.1%
2025 · hover or tap a point for each year
2016: 6.0% (−9.3 pts)2017: 4.7% (−1.2 pts)2018: 11.4% (+6.7 pts)2019: 11.6% (+0.2 pts)2020: 17.9% (+6.3 pts)2021: 9.7% (−8.1 pts)2022: 13.3% (+3.6 pts)2023: 13.8% (+0.5 pts)2024: 7.9% (−5.9 pts)2025: 13.1% (+5.2 pts)
20162025

EMA revenue and net income

RevenueNet incomeNet margin (right axis)

Where EMA's revenue goes

2025
Revenue
C$8.30B100.0%
Cost of revenue
−C$6.26B−75.4%
Gross profit
C$2.04B24.6%
Other operating expenses
−C$485.6M−5.8%
Operating income
C$1.55B18.7%
Interest & other expense
−C$384.7M−4.6%
Income taxes
−C$80.9M−1.0%
Net income
C$1.09B13.1%

Each bar shows an amount and its share of revenue. EMA kept 13.1% of revenue as net income.

EMA profit margins

GrossOperatingNet

EMA growth rates

to 2025
1 year3 years5 years10 years
Revenue+15.3%+3.0%+8.6%+11.5%
Gross profit−29.8%−12.3%−3.0%+7.7%
Operating income+44.0%−1.5%+6.3%+11.8%
Net income+91.9%+2.6%+2.1%+9.8%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

EMA income statement in Canadian dollars

2025202420232022202120202019201820172016
RevenueC$8.30BC$7.20BC$7.56BC$7.59BC$5.76BC$5.51BC$6.11BC$6.52BC$6.23BC$4.28B
Cost of revenueC$6.26BC$4.29BC$4.28BC$4.56BC$3.60BC$3.12BC$3.49BC$3.87BC$3.63BC$2.94B
Gross profitC$2.04BC$2.90BC$3.28BC$3.03BC$2.17BC$2.38BC$2.62BC$2.65BC$2.60BC$1.34B
Sales, general & admin——C$35.0MC$24.0M——————
Total operating expensesC$485.6MC$1.82BC$1.49BC$1.40BC$1.24BC$1.23BC$1.28BC$1.26BC$1.18BC$783.0M
Operating incomeC$1.55BC$1.08BC$1.79BC$1.63BC$930.0MC$1.15BC$1.34BC$1.40BC$1.42BC$555.0M
Interest incomeC$37.0MC$31.0MC$56.0MC$25.0M——————
Interest expenseC$1.03BC$975.0MC$927.0MC$709.0MC$611.0MC$679.0MC$738.0MC$713.0MC$698.0MC$441.0M
Income before taxesC$1.17BC$409.0MC$1.17BC$1.19BC$555.0MC$1.32BC$771.0MC$816.0MC$819.0MC$244.0M
Income taxesC$80.9M−C$159.0MC$128.0MC$185.0M−C$6.0MC$341.0MC$61.0MC$69.0MC$520.0M−C$22.0M
Net incomeC$1.09BC$567.0MC$1.04BC$1.01BC$560.0MC$983.0MC$708.0MC$746.0MC$294.0MC$255.0M
EBITDAC$3.50BC$2.50BC$2.89BC$2.69BC$1.85BC$2.08BC$2.29BC$2.30BC$2.27BC$1.15B
Gross margin24.6%40.3%43.4%39.9%37.6%43.2%42.9%40.7%41.8%31.3%
Operating margin18.7%15.0%23.7%21.5%16.1%20.8%22.0%21.4%22.8%13.0%
Net margin13.1%7.9%13.8%13.3%9.7%17.9%11.6%11.4%4.7%6.0%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in EMA's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

EMA financial results

In fiscal year 2025 (ended December 31, 2025), Emera reported revenue of C$8.3 billion, up 15.3% from the year before. It had net income of C$1.1 billion (up 91.9%), a net profit margin of 13.1%. Over five years revenue grew at an average rate of 8.6% a year. Figures are in Canadian dollars, the currency of its financial statements.

See the EMA stock overview for the latest quote and news, or the EMA chart for price history and technical indicators.

EMA income statement FAQ

What is Emera's annual revenue?

Emera reported total revenue of C$8.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.3% from C$7.2 billion the previous year.

Is Emera profitable?

Yes. Emera reported net income of C$1.1 billion in fiscal 2025, a net profit margin of 13.1%; its operating margin was 18.7%.

What is Emera's gross margin?

Emera's gross margin was 24.6% in fiscal 2025: for every $100 of revenue, Emera kept $25 after the direct cost of its products and services.

How fast is Emera growing?

Revenue grew 8.6% a year on average over the last five fiscal years, from C$5.5 billion to C$8.3 billion.

When will Emera report its next earnings?

Emera is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.

When does Emera's fiscal year end?

Emera's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.

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