Hallador Energy vs Kenon Holdings
Kenon Holdings is the larger business, with $872m of revenue in fiscal 2025 against $469m for Hallador Energy (1.9 times as much). Hallador Energy grew faster (16.2% against 16.1%). Hallador Energy kept more of each dollar of sales as profit: a net margin of 8.9% against 7.6%. Hallador Energy carries less debt relative to equity (18.8% against 111.4%).
| Latest fiscal year | Hallador EnergyHNRG, 2025 | Kenon HoldingsKEN, 2025 |
|---|---|---|
| Revenue | $469m | $872m |
| Revenue growth | 16.2% | 16.1% |
| Net income | $41.9m | $66.3m |
| Operating margin | 13.0% | 7.2% |
| Net margin | 8.9% | 7.6% |
| Return on equity | 31.7% | 4.1% |
| Free cash flow | $11.9m | $167m |
| Cash | $10.1m | $1.48bn |
| Total debt | $30.0m | $1.77bn |
| Debt to equity | 18.8% | 111.4% |
| Dividend per share | — | — |
| Dividend yield | — | 7.9% |
| Share buybacks | — | — |
| Employees | 633 | — |
| Market value | $501m | $3.40bn |
| Price vs our value range | Above our value range | — |
| Moat score | 40 (Weak) | — |
| Insider trades, 12 months | 11 buys, 0 sales | 0 buys, 0 sales |