# Fortis Inc. (FTS)

Source page: https://stoqly.net/companies/fts

- **Ticker:** FTS (NYSE)
- **Sector:** Utilities / Electric Services
- **SEC CIK:** 0001666175
- **Latest annual report:** 40-F filed 2026-02-12 (https://www.sec.gov/Archives/edgar/data/1666175/000166617526000013/fts-20251231.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $58.67 on 2026-10-30
- **Market cap:** $29.6B
- **P/E (trailing):** 24.1x
- **EPS, trailing 12 months:** $2.43
- **Revenue (FY2025):** $8.7B
- **Revenue growth:** +3.6%
- **Revenue growth, 5-year CAGR:** +5.5%
- **Gross margin:** 72.3%
- **Operating margin:** 28.7%
- **Net margin:** 16.1%
- **Free cash flow:** −$1.3B
- **Free cash flow margin:** −15.4%
- **Return on invested capital:** 4.9%
- **Return on equity:** 8.3%
- **Net debt:** $25.0B
- **Net debt / EBITDA:** 6.3x
- **Change in share count:** +1.7%
- **Piotroski F-score:** 4/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/fts/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 5,159 | 6,394 | 6,473 | 6,618 | 6,662 | 7,537 | 8,483 | 8,533 | 8,401 | 8,704 |
| Operating income | 1,119 | 1,934 | 1,825 | 2,289 | 1,870 | 1,970 | 2,105 | 2,285 | 2,403 | 2,498 |
| Net income | 538 | 867 | 992 | 1,396 | 1,036 | 1,121 | 1,163 | 1,267 | 1,334 | 1,403 |
| Diluted EPS (US$) | 1.43 | 1.78 | 2.00 | 2.85 | 1.94 | 2.08 | 2.14 | 2.30 | 2.37 | 2.43 |
| Operating cash flow | 1,421 | 2,123 | 2,009 | 2,007 | 2,014 | 2,319 | 2,361 | 2,627 | 2,834 | 2,905 |
| Free cash flow | -21 | -44 | -330 | -630 | -862 | -225 | -394 | -327 | -825 | -1,345 |
| Cash | 200 | 261 | 244 | 285 | 195 | 103 | 154 | 472 | 153 | 268 |
| Debt and leases | 16,511 | 17,229 | 17,716 | 17,808 | 19,492 | 20,396 | 21,423 | 22,634 | 23,393 | 25,295 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.