Fortis Inc.
FTS NYSE· Electric Services
Last close · Oct 30, 2026
$58.67
KIRA · Stoqly’s AI analyst, in plain words
- Fortis Inc. had $8.7B of revenue in fiscal 2025, up 3.6% on the year before. Over five years, revenue changed +5.5% a year on average.
- Its operating margin was 28.7%, up 0.1 pts: of every 100 in sales, about 29 is left after running the business.
- Fortis Inc. made $1.4B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 6.1% a year.
- Free cash flow was −$1.3B in fiscal 2025, −15.4% of revenue. At that burn of $1.3B a year, its $268M of cash and short-term investments would last about 0.2 years.
- Fortis Inc. returned $564M to shareholders in fiscal 2025. The diluted share count rose 1.7%.
- Fortis Inc. owes $25.0B more than it holds in cash, about 6.3 years of operating profit.
Market cap
$29.6B
P/E
24.1x
Revenue
$8.7B
Net income
$1.4B
Free cash flow
−$1.3B
Operating margin
28.7%
Fortis Inc. in 30 seconds · fiscal 2025
Are sales growing?
+3.6%
Only a little. Sales grew 3.6% last year.
Does it make a profit?
16.1%
Yes. It keeps 16.1% of every sale as profit.
How long would its cash last?
0.2 yrs
Not long. It burns $1.3B a year and holds $268M, under a year at that pace, so it may need new money soon.
Is debt under control?
6.3x
Heavy. Repaying its debt would take 6.3 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
24.1x
One share costs 24.1 times its yearly profit per share.
What Fortis Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Feb 12, 2026
- Legal name
- Fortis Inc.
- CIK
- 0001666175
Fortis Inc. · FTS · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $7.5B | $8.5B | $8.5B | $8.4B | $8.7B |
| Revenue growth | 13.1% | 12.5% | 0.6% | −1.6% | 3.6% |
| Gross margin | 68.8% | 64.2% | 67.3% | 71.8% | 72.3% |
| Operating margin | 26.1% | 24.8% | 26.8% | 28.6% | 28.7% |
| Net income | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B |
| Net margin | 14.9% | 13.7% | 14.8% | 15.9% | 16.1% |
| Diluted EPS | $2.08 | $2.14 | $2.30 | $2.37 | $2.43 |
| Cash | |||||
| Cash from operations | $2.3B | $2.4B | $2.6B | $2.8B | $2.9B |
| Capital expenditure | $2.5B | $2.8B | $3.0B | $3.7B | $4.2B |
| Free cash flow | −$225M | −$394M | −$327M | −$825M | −$1.3B |
| FCF margin | −3.0% | −4.6% | −3.8% | −9.8% | −15.4% |
| Dividends paid | $485M | $517M | $519M | $543M | $564M |
| Share count change | 1.3% | 1.6% | 1.6% | 1.8% | 1.7% |
| Debt and strength | |||||
| Cash and short-term investments | $103M | $154M | $472M | $153M | $268M |
| Debt incl. finance leases | $20.4B | $21.4B | $22.6B | $23.4B | $25.3B |
| Shareholders' equity | $15.2B | $15.5B | $16.2B | $16.5B | $17.4B |
| Net debt / EBITDA | 6.4x | 6.3x | 6.2x | 6.1x | 6.3x |
| Current ratio | 0.6x | 0.6x | 0.7x | 0.6x | 0.5x |
| Interest coverage | 2.5x | 2.5x | 2.4x | 2.3x | 2.4x |
| Returns and quality | |||||
| Return on capital | 4.8% | 4.8% | 4.9% | 5.1% | 4.9% |
| Return on equity | 7.5% | 7.6% | 8.0% | 8.1% | 8.3% |
| Return on tangible equity | 20.0% | 19.7% | 18.9% | 18.7% | 17.6% |
| Piotroski F-score | 5 | 5 | 6 | 5 | 4 |
| Altman Z'' | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Fortis Inc. · FTS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $58.67 a share, the company is worth $29.6B: 24.1 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001666175). Latest version: stoqly.net/companies/fts. Data updated November 1, 2026. Filed in CAD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.