Hallador Energy vs Transalta
Transalta is the larger business, with $1.72bn of revenue in fiscal 2025 against $469m for Hallador Energy (3.7 times as much). Hallador Energy grew faster (16.2% against -17.1%). Hallador Energy kept more of each dollar of sales as profit: a net margin of 8.9% against -5.7%. Hallador Energy carries less debt relative to equity (18.8% against 256.8%).
| Latest fiscal year | Hallador EnergyHNRG, 2025 | TransaltaTAC, 2025 |
|---|---|---|
| Revenue | $469m | $1.72bn |
| Revenue growth | 16.2% | -17.1% |
| Net income | $41.9m | −$98.8m |
| Operating margin | 13.0% | 5.8% |
| Net margin | 8.9% | -5.7% |
| Return on equity | 31.7% | -8.8% |
| Free cash flow | $11.9m | $284m |
| Cash | $10.1m | $150m |
| Total debt | $30.0m | $2.62bn |
| Debt to equity | 18.8% | 256.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $17.2m |
| Employees | 633 | — |
| Market value | $501m | $3.91bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 40 (Weak) | — |
| Insider trades, 12 months | 11 buys, 0 sales | 0 buys, 0 sales |