Fortis Inc.(FTS)Earnings, Financials & Key Ratios
FTS•NYSE•Utilities
$57.51
24.0× P/E·Price updated Jul 7, 2026
AboutFortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Show more
- Revenue$12.17B+5.8%
- EBITDA$5.55B+6.3%
- Net Income$1.8B+7.1%
- Free Cash Flow-$2.17B-62.6%
- EBITDA Margin45.6%+0.5%
- Net Margin14.78%+1.3%
- ROE6.96%+1.8%
- Interest Coverage2.59+1.8%
- Debt/Equity1.34+2.7%
FTS Price & Volume
Fortis Inc. (FTS) stock price & volume — 10-year historical chart
Loading chart...
Regulated Asset Expansion Drives Long-Term Value Creation
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Stable
Financial:Adequate
Cash Flow:Burning
Primary Risk:Regulatory capital recovery lag
Key Thesis Takeaways
- Fortis Inc.
- continues to execute a disciplined capital deployment strategy, leveraging its $52.3 billion net PPE base to drive consistent, regulated earnings growth across its North American utility footprint.
- While the company faces inherent liquidity pressures due to a current ratio of 0.49 and significant external financing needs, its ability to maintain a 27.6% operating margin suggests effective regulatory cost recovery.
- Investors should monitor the ongoing $25 billion capital plan, which remains the primary catalyst for future rate base expansion despite the potential for earnings volatility from seasonal demand shifts.
Verdict Logic
while the dividend remains well-supported by an OCF-to-dividend coverage ratio of 4.8x as of 2026Q1, the current valuation of 24.29x P/E TTM warrants caution regarding near-term capital appreciation potential.
FTS Growth Metrics
Fortis Inc. (FTS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.06%
5 Years6.37%
3 Years3.29%
TTM4.21%
Profit CAGR
10 Years8.37%
5 Years7.15%
3 Years8.87%
TTM4.66%
EPS CAGR
10 Years2.76%
5 Years5.03%
3 Years6.94%
TTM-4.52%
Return on Capital
10 Years5.15%
5 Years5.06%
3 Years5.2%
Last Year5.18%
FTS Recent Earnings
Fortis Inc. (FTS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.72+2.9%
$0.70
Rev
$2.4B-4.2%
$2.6B
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.65+4.8%
$0.62
Rev
$2.2B-1.9%
$2.3B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.59-3.3%
$0.61
Rev
$1.5B-40.4%
$2.5B
Q3 2025
Aug 1, 2025Metric
Actual
Est
EPS
$0.55+7.8%
$0.51
Rev
$2.1B-16.9%
$2.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.72vs $0.70+2.9% | $2.4Bvs $2.6B-4.2% |
| Q1 2026 | Feb 12, 2026 | $0.65vs $0.62+4.8% | $2.2Bvs $2.3B-1.9% |
| Q4 2025 | Nov 4, 2025 | $0.59vs $0.61-3.3% | $1.5Bvs $2.5B-40.4% |
| Q3 2025 | Aug 1, 2025 | $0.55vs $0.51+7.8% | $2.1Bvs $2.5B-16.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Fortis Inc. (FTS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $57.51 | $29.18B | 24.04 | 5.75% | 14.78% | 6.96% | 1.82% | |
| $177.58 | $29.64B | 23.80 | 12.91% | 27.58% | 7.69% | — | |
| $117.68 | $38.33B | 24.36 | 13.96% | 16.25% | 11.64% | — | |
| $74.75 | $28.09B | 16.39 | 13.83% | 12.55% | 10.75% | — | |
| $77.02 | $23.79B | 21.82 | 13.63% | 12.55% | 11.6% | — | |
| $47.49 | $22.77B | 24.35 | 21.76% | 14.1% | 8.4% | — |
Compare FTS vs Peers
Fortis Inc. (FTS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when FTS posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
FTS Frequently Asked Questions
Fortis Inc. (FTS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Fortis Inc.'s revenue?
Fortis Inc. (FTS) reported $12.22B in revenue for fiscal year 2025. This represents a 2634% increase from $447.0M in 1995.
How fast is Fortis Inc. growing?
Fortis Inc. (FTS) grew revenue by 5.8% over the past year. This is steady growth.
Is FTS profitable?
Yes, Fortis Inc. (FTS) is profitable, generating $1.80B in net income for fiscal year 2025 (14.8% net margin).
Dividend & Returns
Does FTS pay dividends?
Yes, Fortis Inc. (FTS) pays a dividend with a yield of 1.82%. This makes it attractive for income-focused investors.
What is FTS's return on equity?
Fortis Inc. (FTS) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.
What is Fortis Inc.'s free cash flow?
Fortis Inc. (FTS) had negative free cash flow of $2.24B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is FTS's dividend sustainable?
Fortis Inc. (FTS) has a dividend payout ratio of 44%. This suggests the dividend is well-covered and sustainable.