Kenon Holdings vs Transalta
Transalta is the larger business, with $1.72bn of revenue in fiscal 2025 against $872m for Kenon Holdings (2.0 times as much). Kenon Holdings grew faster (16.1% against -17.1%). Kenon Holdings kept more of each dollar of sales as profit: a net margin of 7.6% against -5.7%. Kenon Holdings carries less debt relative to equity (111.4% against 256.8%).
| Latest fiscal year | Kenon HoldingsKEN, 2025 | TransaltaTAC, 2025 |
|---|---|---|
| Revenue | $872m | $1.72bn |
| Revenue growth | 16.1% | -17.1% |
| Net income | $66.3m | −$98.8m |
| Operating margin | 7.2% | 5.8% |
| Net margin | 7.6% | -5.7% |
| Return on equity | 4.1% | -8.8% |
| Free cash flow | $167m | $284m |
| Cash | $1.48bn | $150m |
| Total debt | $1.77bn | $2.62bn |
| Debt to equity | 111.4% | 256.8% |
| Dividend per share | — | — |
| Dividend yield | 7.9% | — |
| Share buybacks | — | $17.2m |
| Employees | — | — |
| Market value | $3.40bn | $3.91bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |