NPI.TO vs. BLX.TO
Compare and contrast key facts about Northland Power Inc. (NPI.TO) and Boralex Inc. (BLX.TO).
Performance
NPI.TO vs. BLX.TO - Performance Comparison
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NPI.TO vs. BLX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NPI.TO Northland Power Inc. | 31.54% | 5.66% | -18.65% | -31.01% | 2.59% | -13.03% | 77.36% | 34.85% | -2.01% | 4.92% |
BLX.TO Boralex Inc. | 45.52% | -9.71% | -7.05% | -11.59% | 20.32% | -23.37% | 104.18% | 50.06% | -26.06% | 26.14% |
Fundamentals
NPI.TO:
CA$6.10B
BLX.TO:
CA$3.77B
NPI.TO:
-CA$0.62
BLX.TO:
CA$0.07
NPI.TO:
2.50
BLX.TO:
4.49
NPI.TO:
1.56
BLX.TO:
2.44
NPI.TO:
CA$2.44B
BLX.TO:
CA$838.00M
NPI.TO:
CA$1.33B
BLX.TO:
CA$446.00M
NPI.TO:
CA$887.84M
BLX.TO:
CA$536.00M
Returns By Period
In the year-to-date period, NPI.TO achieves a 31.54% return, which is significantly lower than BLX.TO's 45.52% return. Over the past 10 years, NPI.TO has underperformed BLX.TO with an annualized return of 6.66%, while BLX.TO has yielded a comparatively higher 13.23% annualized return.
NPI.TO
- 1D
- 0.73%
- 1M
- 6.77%
- YTD
- 31.54%
- 6M
- 2.13%
- 1Y
- 24.42%
- 3Y*
- -5.48%
- 5Y*
- -7.10%
- 10Y*
- 6.66%
BLX.TO
- 1D
- -0.03%
- 1M
- 31.99%
- YTD
- 45.52%
- 6M
- 36.58%
- 1Y
- 29.72%
- 3Y*
- 1.26%
- 5Y*
- 2.28%
- 10Y*
- 13.23%
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Return for Risk
NPI.TO vs. BLX.TO — Risk / Return Rank
NPI.TO
BLX.TO
NPI.TO vs. BLX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northland Power Inc. (NPI.TO) and Boralex Inc. (BLX.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NPI.TO | BLX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.98 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.66 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.09 | -0.41 |
Martin ratioReturn relative to average drawdown | 1.56 | 2.06 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NPI.TO | BLX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.98 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.08 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.46 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.24 | +0.24 |
Correlation
The correlation between NPI.TO and BLX.TO is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NPI.TO vs. BLX.TO - Dividend Comparison
NPI.TO's dividend yield for the trailing twelve months is around 4.20%, more than BLX.TO's 1.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPI.TO Northland Power Inc. | 4.20% | 6.50% | 11.02% | 6.95% | 5.01% | 5.04% | 4.11% | 6.77% | 5.53% | 4.67% | 4.64% | 5.79% |
BLX.TO Boralex Inc. | 1.80% | 2.61% | 9.27% | 4.93% | 4.15% | 4.79% | 3.80% | 2.70% | 3.75% | 2.55% | 2.87% | 3.60% |
Drawdowns
NPI.TO vs. BLX.TO - Drawdown Comparison
The maximum NPI.TO drawdown since its inception was -58.76%, smaller than the maximum BLX.TO drawdown of -73.68%. Use the drawdown chart below to compare losses from any high point for NPI.TO and BLX.TO.
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Drawdown Indicators
| NPI.TO | BLX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.76% | -73.68% | +14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -37.01% | -26.56% | -10.45% |
Max Drawdown (5Y)Largest decline over 5 years | -57.37% | -47.22% | -10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -58.76% | -47.87% | -10.89% |
Current DrawdownCurrent decline from peak | -37.70% | -15.40% | -22.30% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -32.57% | +20.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 14.02% | +2.03% |
Volatility
NPI.TO vs. BLX.TO - Volatility Comparison
The current volatility for Northland Power Inc. (NPI.TO) is 5.86%, while Boralex Inc. (BLX.TO) has a volatility of 15.04%. This indicates that NPI.TO experiences smaller price fluctuations and is considered to be less risky than BLX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPI.TO | BLX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 15.04% | -9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 36.68% | 23.87% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.63% | 30.50% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 28.95% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 29.08% | -2.49% |
Financials
NPI.TO vs. BLX.TO - Financials Comparison
This section allows you to compare key financial metrics between Northland Power Inc. and Boralex Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NPI.TO vs. BLX.TO - Profitability Comparison
NPI.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Northland Power Inc. reported a gross profit of 339.72M and revenue of 722.84M. Therefore, the gross margin over that period was 47.0%.
BLX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported a gross profit of 120.00M and revenue of 258.00M. Therefore, the gross margin over that period was 46.5%.
NPI.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Northland Power Inc. reported an operating income of 285.85M and revenue of 722.84M, resulting in an operating margin of 39.6%.
BLX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported an operating income of 84.00M and revenue of 258.00M, resulting in an operating margin of 32.6%.
NPI.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Northland Power Inc. reported a net income of 245.34M and revenue of 722.84M, resulting in a net margin of 33.9%.
BLX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Boralex Inc. reported a net income of 14.00M and revenue of 258.00M, resulting in a net margin of 5.4%.