Comprehensive Stock Comparison
Compare Fortis Inc. (FTS) vs WEC Energy Group, Inc. (WEC) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | WEC | 14.0% revenue growth vs FTS's 5.8% |
| Value | FTS | Lower P/E (15.9x vs 20.9x), PEG 3.15 vs 4.21 |
| Quality / Margins | WEC | 15.9% net margin vs FTS's 14.8% |
| Stability / Safety | WEC | Lower D/E ratio (9.4% vs 133.9%) |
| Dividends | WEC | 3.0% yield, 23-year raise streak, vs FTS's 2.1% |
| Momentum (1Y) | FTS | +35.2% vs WEC's +13.0% |
| Efficiency (ROA) | WEC | 3.0% ROA vs FTS's 2.2%, ROIC 4.6% vs 4.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Valuation efficiency (growth/$)
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Fortis Inc. is a North American regulated electric and gas utility that generates, transmits, and distributes electricity and natural gas to millions of customers across Canada, the United States, and the Caribbean. It earns stable, regulated returns primarily from rate-regulated utility operations — with electricity distribution contributing roughly 60% of revenue and gas distribution about 30% — supplemented by contracted wholesale power sales. The company's key advantage is its geographically diversified portfolio of essential utility assets operating under predictable regulatory frameworks that provide stable cash flows and inflation-protected returns.
WEC Energy Group is a regulated electric and natural gas utility serving customers across multiple Midwestern states. It generates revenue primarily through regulated utility operations — electricity generation and distribution (~70%) and natural gas distribution (~30%) — with rates approved by state commissions. Its key advantage is its regulated monopoly status in its service territories, providing stable cash flows through cost recovery and a reasonable return on invested capital.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
FTS leads in 3 of 6 categories (Valuation Metrics, Total Returns). WEC leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
Financial Metrics (TTM)
FTS and WEC operate at a comparable scale, with $11.3B and $9.8B in trailing revenue. Profitability is closely matched — net margins range from 15.9% (WEC) to 14.8% (FTS). On growth, WEC holds the edge at +11.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| RevenueTrailing 12 months | $11.3B | $9.8B |
| EBITDAEarnings before interest/tax | $5.2B | $3.9B |
| Net IncomeAfter-tax profit | $1.7B | $1.6B |
| Free Cash FlowCash after capex | -$2.0B | -$1.4B |
| Gross MarginGross profit ÷ Revenue | +56.5% | +50.5% |
| Operating MarginEBIT ÷ Revenue | +28.6% | +24.2% |
| Net MarginNet income ÷ Revenue | +14.8% | +15.9% |
| FCF MarginFCF ÷ Revenue | -17.7% | -14.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.4% | +11.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.8% | -32.2% |
Valuation Metrics
At 23.1x trailing earnings, FTS trades at a 4% valuation discount to WEC's 24.2x P/E. Adjusting for growth (PEG ratio), FTS offers better value at 4.60x vs WEC's 4.87x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| Market CapShares × price | $29.2B | $38.1B |
| Enterprise ValueMkt cap + debt − cash | $54.2B | $41.9B |
| Trailing P/EPrice ÷ TTM EPS | 23.14x | 24.22x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.87x | 20.92x |
| PEG RatioP/E ÷ EPS growth rate | 4.60x | 4.87x |
| EV / EBITDAEnterprise value multiple | 13.37x | 10.86x |
| Price / SalesMarket cap ÷ Revenue | 3.28x | 3.88x |
| Price / BookPrice ÷ Book value/share | 1.61x | 0.94x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
FTS delivers a 6.5% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $4 for WEC. WEC carries lower financial leverage with a 0.09x debt-to-equity ratio, signaling a more conservative balance sheet compared to FTS's 1.34x. On the Piotroski fundamental quality scale (0–9), WEC scores 6/9 vs FTS's 5/9, reflecting solid financial health.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| ROE (TTM)Return on equity | +6.5% | +3.8% |
| ROA (TTM)Return on assets | +2.2% | +3.0% |
| ROICReturn on invested capital | +4.4% | +4.6% |
| ROCEReturn on capital employed | +5.2% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 1.34x | 0.09x |
| Net DebtTotal debt minus cash | $34.3B | $3.8B |
| Cash & Equiv.Liquid assets | $367M | $28M |
| Total DebtShort + long-term debt | $34.6B | $3.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 2.65x |
Total Returns (with DRIP)
A $10,000 investment in FTS five years ago would be worth $16,825 today (with dividends reinvested), compared to $16,051 for WEC. Over the past 12 months, FTS leads with a +35.2% total return vs WEC's +13.0%. The 3-year compound annual growth rate (CAGR) favors FTS at 16.6% vs WEC's 12.8% — a key indicator of consistent wealth creation.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| YTD ReturnYear-to-date | +11.7% | +10.7% |
| 1-Year ReturnPast 12 months | +35.2% | +13.0% |
| 3-Year ReturnCumulative with dividends | +58.6% | +43.4% |
| 5-Year ReturnCumulative with dividends | +68.3% | +60.5% |
| 10-Year ReturnCumulative with dividends | +160.9% | +155.9% |
| CAGR (3Y)Annualised 3-year return | +16.6% | +12.8% |
Risk & Volatility
FTS is the less volatile stock with a -0.10 beta — it tends to amplify market swings less than WEC's 0.09 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.10x | 0.09x |
| 52-Week HighHighest price in past year | $57.93 | $118.19 |
| 52-Week LowLowest price in past year | $43.19 | $100.61 |
| % of 52W HighCurrent price vs 52-week peak | +99.3% | +99.0% |
| RSI (14)Momentum oscillator 0–100 | 67.0 | 65.4 |
| Avg Volume (50D)Average daily shares traded | 863K | 1.9M |
Analyst Outlook
Wall Street rates FTS as "Hold" and WEC as "Hold". Consensus price targets imply 3.5% upside for WEC (target: $121) vs -11.5% for FTS (target: $51). For income investors, WEC offers the higher dividend yield at 2.99% vs FTS's 2.10%.
| Metric | FTSFortis Inc. | WECWEC Energy Group,… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $50.86 | $121.00 |
| # AnalystsCovering analysts | 12 | 34 |
| Dividend YieldAnnual dividend ÷ price | +2.1% | +3.0% |
| Dividend StreakConsecutive years of raises | 4 | 23 |
| Dividend / ShareAnnual DPS | $1.65 | $3.50 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
Historical Charts
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Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Fortis Inc. (FTS) | 100 | 130.28 | +30.3% |
| WEC Energy Group, I… (WEC) | 100 | 118.96 | +19.0% |
Fortis Inc. (FTS) returned +68% over 5 years vs WEC Energy Group, I… (WEC)'s +61%. A $10,000 investment in FTS 5 years ago would be worth $16,825 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Fortis Inc. (FTS) | $6.8B | $12.2B | +78.0% |
| WEC Energy Group, I… (WEC) | $7.5B | $9.8B | +31.2% |
Fortis Inc.'s revenue grew from $6.8B (2016) to $12.2B (2025) — a 6.6% CAGR. WEC Energy Group, Inc.'s revenue grew from $7.5B (2016) to $9.8B (2025) — a 3.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Fortis Inc. (FTS) | 9.7% | 14.8% | +53.2% |
| WEC Energy Group, I… (WEC) | 12.6% | 15.9% | +26.4% |
Fortis Inc.'s net margin went from 10% (2016) to 15% (2025). WEC Energy Group, Inc.'s net margin went from 13% (2016) to 16% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Fortis Inc. (FTS) | 15.9 | 15.3 | -3.8% |
| WEC Energy Group, I… (WEC) | 17.5 | 21.8 | +24.6% |
Fortis Inc. has traded in a 11x–19x P/E range over 9 years; current trailing P/E is ~23x. WEC Energy Group, Inc. has traded in a 18x–26x P/E range over 9 years; current trailing P/E is ~24x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Fortis Inc. (FTS) | 1.89 | 3.4 | +79.9% |
| WEC Energy Group, I… (WEC) | 2.96 | 4.83 | +63.2% |
Fortis Inc.'s EPS grew from $1.89 (2016) to $3.40 (2025) — a 7% CAGR. WEC Energy Group, Inc.'s EPS grew from $2.96 (2016) to $4.83 (2025) — a 6% CAGR.
Chart 6Free Cash Flow — 5 Years
Fortis Inc. generated $-2B FCF in 2025 (-292% vs 2021). WEC Energy Group, Inc. generated $-1B FCF in 2025 (-363% vs 2021).
FTS vs WEC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FTS or WEC a better buy right now?
Fortis Inc. (FTS) offers the better valuation at 23.1x trailing P/E (15.9x forward), making it the more compelling value choice. Analysts rate Fortis Inc. (FTS) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FTS or WEC?
On trailing P/E, Fortis Inc. (FTS) is the cheapest at 23.1x versus WEC Energy Group, Inc. at 24.2x. On forward P/E, Fortis Inc. is actually cheaper at 15.9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Fortis Inc. wins at 3.15x versus WEC Energy Group, Inc.'s 4.21x.
03Which is the better long-term investment — FTS or WEC?
Over the past 5 years, Fortis Inc. (FTS) delivered a total return of +68.3%, compared to +60.5% for WEC Energy Group, Inc. (WEC). A $10,000 investment in FTS five years ago would be worth approximately $17K today (assuming dividends reinvested). Over 10 years, the gap is even starker: FTS returned +160.9% versus WEC's +155.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FTS or WEC?
By beta (market sensitivity over 5 years), Fortis Inc. (FTS) is the lower-risk stock at -0.10β versus WEC Energy Group, Inc.'s 0.09β — meaning WEC is approximately -187% more volatile than FTS relative to the S&P 500. On balance sheet safety, WEC Energy Group, Inc. (WEC) carries a lower debt/equity ratio of 9% versus 134% for Fortis Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — FTS or WEC?
WEC Energy Group, Inc. (WEC) is the more profitable company, earning 15.9% net margin versus 14.8% for Fortis Inc. — meaning it keeps 15.9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FTS leads at 28.7% versus 24.2% for WEC. At the gross margin level — before operating expenses — WEC leads at 50.5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FTS or WEC more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential. By this metric, Fortis Inc. (FTS) is the more undervalued stock at a PEG of 3.15x versus WEC Energy Group, Inc.'s 4.21x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Fortis Inc. (FTS) trades at 15.9x forward P/E versus 20.9x for WEC Energy Group, Inc. — 5.1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WEC: 3.5% to $121.00.
07Which pays a better dividend — FTS or WEC?
All stocks in this comparison pay dividends. WEC Energy Group, Inc. (WEC) offers the highest yield at 3.0%, versus 2.1% for Fortis Inc. (FTS).
08Is FTS or WEC better for a retirement portfolio?
For long-horizon retirement investors, Fortis Inc. (FTS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.10), 2.1% yield, +160.9% 10Y return). Both have compounded well over 10 years (FTS: +160.9%, WEC: +155.9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FTS and WEC?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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