Fortis Inc. (FTS) 10-Year Financial Performance & Capital Metrics

FTS • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

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 -$1.88B -40.7%
EBITDA Margin 45.6% +0.5%
Net Margin 14.78% +1.3%
ROE 6.96% +1.8%
Interest Coverage -
Debt/Equity 1.34 +2.7%
Net Debt/EBITDA 6.17 -3.8%
CapEx / Revenue 48.82% +12.1%
CapEx Coverage 0.68 -11.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.1%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 6.2x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.06%

5Y6.37%

3Y3.29%

TTM-1.45%

Profit (Net Income) CAGR

10Y8.37%

5Y7.15%

3Y8.87%

TTM-0.15%

EPS CAGR

10Y2.76%

5Y5.03%

3Y6.94%

TTM-2.15%

ROCE

10Y Avg5.15%

5Y Avg5.06%

3Y Avg5.2%

Latest5.18%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	6.84B	8.3B	8.39B	8.78B	8.94B	9.45B	11.04B	11.52B	11.51B	12.17B
Revenue Growth %	1.2%	21.4%	1.07%	4.68%	1.73%	5.74%	16.88%	4.29%	-0.08%	5.75%
Cost of Revenue	2.34B	2.36B	4.78B	2.52B	2.56B	2.95B	3.95B	3.77B	3.25B	6.62B
Gross Profit+	4.5B	5.94B	3.61B	6.26B	6.37B	6.5B	7.09B	7.75B	8.26B	5.55B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	7.95%	32.09%	-39.26%	73.59%	1.76%	1.95%	9.14%	9.24%	6.62%	-32.81%
Operating Expenses+	3.01B	3.43B	3.53B	3.23B	3.87B	4.03B	4.35B	4.66B	4.97B	2.06B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.47B	3.69B	3.61B	4.39B	3.94B	3.97B	4.41B	4.86B	5.22B	5.55B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	7.59%	49.63%	-2.22%	21.62%	-10.3%	0.97%	10.92%	10.19%	7.45%	6.32%
Depreciation & Amortization+	983M	1.18B	1.24B	1.35B	1.43B	1.5B	1.67B	1.77B	1.93B	2.06B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.48B	2.51B	2.37B	3.04B	2.51B	2.47B	2.74B	3.08B	3.29B	3.49B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	4.51%	69.32%	-5.81%	28.46%	-17.45%	-1.55%	10.98%	12.55%	6.74%	6.08%
Interest Expense+	678M	914M	974M	1.03B	1.04B	1B	1.1B	1.3B	1.41B	0
Interest Coverage	2.19x	2.75x	2.43x	2.94x	2.41x	2.46x	2.49x	2.36x	2.34x	-
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	858M	1.71B	1.45B	2.14B	1.62B	1.64B	1.8B	2.07B	2.17B	2.35B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	145M	588M	165M	289M	231M	234M	289M	360M	346M	393M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	660M	1.03B	1.17B	1.72B	1.27B	1.29B	1.39B	1.57B	1.68B	1.8B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-18.01%	55.76%	13.42%	47.68%	-26.02%	1.57%	7.73%	12.84%	6.8%	7.08%
EPS (Diluted)+	1.89	2.31	2.74	3.64	2.66	2.61	2.78	3.10	3.24	3.40
EPS Growth %	-27.03%	22.22%	18.61%	32.85%	-26.92%	-1.88%	6.51%	11.51%	4.52%	4.94%
EPS (Basic)	1.89	2.32	2.75	3.53	2.58	2.61	2.78	3.10	3.24	3.40
Diluted Shares Outstanding	313.4M	416.2M	425.2M	454.7M	454.7M	471.4M	479M	486.5M	495.2M	529.12M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	47.9B	47.82B	53.05B	53.4B	55.48B	57.66B	64.25B	65.92B	73.49B	74.83B
Asset Growth %	66.31%	-0.17%	10.93%	0.67%	3.89%	3.93%	11.43%	2.6%	11.48%	1.83%
PP&E (Net)+	29.34B	29.67B	32.76B	34.03B	36.04B	37.86B	41.71B	43.44B	49.52B	50.89B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.17B	2.21B	3.26B	2.57B	2.61B	2.73B	4.27B	4.03B	3.8B	3.81B
Cash & Equivalents	269M	327M	332M	370M	249M	131M	209M	625M	220M	367M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	372M	367M	398M	394M	422M	478M	661M	566M	685M	649M
Other Current Assets	389M	443M	1.28B	617M	737M	734M	1.49B	1.06B	1.04B	915M
Long-Term Investments	99M	124M	153M	126M	158M	178M	316M	417M	484M	0
Goodwill	12.36B	11.64B	12.53B	12B	11.79B	11.72B	12.46B	12.18B	13.11B	12.53B
Intangible Assets	1.01B	1.08B	1.2B	1.26B	1.29B	1.34B	1.55B	1.51B	1.66B	1.72B
Other Assets	2.93B	3.1B	3.15B	3.41B	3.59B	3.83B	3.95B	4.35B	4.91B	5.89B
Total Liabilities	31.45B	31.07B	34.59B	33.29B	35.2B	36.74B	41.41B	42.59B	47.63B	48.96B
Total Debt+	22.82B	22.13B	24.79B	23.22B	24.87B	25.95B	29.04B	30.03B	33.7B	34.63B
Net Debt	22.55B	21.8B	24.45B	22.85B	24.62B	25.82B	28.83B	29.4B	33.48B	34.26B
Long-Term Debt	20.88B	20.75B	23.16B	21.5B	23.11B	23.71B	25.93B	27.23B	31.22B	30.72B
Short-Term Borrowings	1.41B	914M	986M	1.2B	1.39B	1.88B	2.73B	2.42B	2.09B	3.56B
Capital Lease Obligations	536M	461M	642M	513M	373M	365M	370M	378M	390M	348M
Total Current Liabilities+	3.94B	3.5B	4.25B	4.18B	4.15B	4.8B	6.62B	5.96B	6.04B	7.51B
Accounts Payable	554M	696M	679M	754M	707M	774M	886M	990M	1.12B	3.5B
Accrued Expenses	218M	223M	230M	253M	901M	218M	254M	274M	305M	0
Deferred Revenue	287M	204M	267M	226M	0	288M	401M	263M	360M	0
Other Current Liabilities	716M	1.27B	1.84B	1.5B	1.15B	567M	912M	952M	1.02B	452M
Deferred Taxes	0	0	0	0	0	1000K	1000K	1000K	1000K	0
Other Liabilities	6.17B	6.4B	6.79B	7.13B	7.57B	4.14B	4.33B	4.44B	4.83B	10.38B
Total Equity+	16.45B	16.75B	18.46B	20.11B	20.28B	20.92B	22.84B	23.33B	25.85B	25.87B
Equity Growth %	58.89%	1.82%	10.19%	8.98%	0.85%	3.12%	9.21%	2.15%	10.8%	0.06%
Shareholders Equity	14.6B	15B	16.53B	18.53B	18.7B	19.29B	21.03B	21.5B	23.81B	23.81B
Minority Interest	1.85B	1.75B	1.92B	1.58B	1.59B	1.63B	1.81B	1.83B	2.04B	2.06B
Common Stock	10.76B	11.58B	11.89B	13.64B	13.82B	14.24B	14.66B	15.11B	15.59B	16.11B
Additional Paid-in Capital	12M	10M	11M	11M	11M	10M	10M	9M	8M	5M
Retained Earnings	1.46B	1.73B	2.08B	2.92B	3.21B	3.46B	3.73B	4.11B	4.52B	4.97B
Accumulated OCI	745M	61M	928M	336M	34M	-40M	1.01B	653M	2.07B	1.1B
Return on Assets (ROA)	1.72%	2.15%	2.31%	3.24%	2.34%	2.29%	2.29%	2.42%	2.41%	2.43%
Return on Equity (ROE)	4.92%	6.19%	6.62%	8.93%	6.31%	6.28%	6.37%	6.81%	6.83%	6.96%
Debt / Equity	1.39x	1.32x	1.34x	1.15x	1.23x	1.24x	1.27x	1.29x	1.30x	1.34x
Debt / Assets	47.63%	46.27%	46.72%	43.47%	44.83%	45%	45.19%	45.55%	45.86%	46.28%
Net Debt / EBITDA	9.14x	5.91x	6.78x	5.21x	6.26x	6.50x	6.54x	6.05x	6.42x	6.17x
Book Value per Share	52.49	40.24	43.41	44.23	44.61	44.37	47.69	47.96	52.21	48.89

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	1.88B	2.76B	2.6B	2.05B	2.7B	2.91B	3.07B	3.54B	3.88B	4.06B
Operating CF Growth %	12.61%	46.28%	-5.52%	-21.14%	31.53%	7.63%	5.74%	15.32%	9.51%	4.64%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	713M	1.13B	1.29B	1.33B	1.39B	1.41B	1.51B	1.57B	1.83B	1.8B
Depreciation & Amortization	983M	1.18B	1.24B	1.04B	1.43B	1.5B	1.67B	1.77B	1.93B	2.06B
Deferred Taxes	98M	544M	136M	190.48M	226M	147M	182M	272M	154M	0
Other Non-Cash Items	88M	-35M	28M	-376.33M	14M	-106M	-14M	108M	-96M	409M
Working Capital Changes	-20M	-97M	-89M	-129.55M	-434M	-144M	-317M	-181M	69M	-203M
Capital Expenditures+	-6.89B	-3.02B	-3.22B	-2.7B	-4.04B	-3.39B	-3.87B	-4.17B	-5.22B	-5.94B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-6.89B	-3.02B	-3.25B	-2.13B	-4.13B	-3.49B	-4.06B	-3.74B	-5.39B	-5.36B
Acquisitions	-4.84B	0	0	767.3M	0	0	-100M	430M	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	11M	-1M	-34M	-33.16M	-275M	-299M	-372M	-186M	-383M	585M
Cash from Financing+	5.05B	339M	644M	118.76M	1.33B	451M	1.03B	613M	1.06B	1.46B
Dividends Paid	-388M	-484M	-525M	-432.62M	-851M	-671M	-737M	-768M	-818M	-873M
Dividend Payout Ratio %	47.88%	40.76%	39.37%	22.12%	61.7%	46.99%	48.28%	44.56%	44.29%	48.53%
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	45M	561M	34M	1.11B	58M	60M	53M	43M	46M	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	1.15B	448M	-49M	-47.81M	-35M	-76M	-71M	-77M	-108M	406M
Net Change in Cash+	27M	58M	5M	42.25M	-121M	-118M	78M	416M	-405M	147M
Exchange Rate Effect	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	0	1000K	-1000K
Cash at Beginning	242M	269M	327M	243.08M	370M	249M	131M	209M	625M	220M
Cash at End	269M	327M	332M	285.33M	249M	131M	209M	625M	220M	367M
Free Cash Flow+	-5.01B	-268M	-614M	-644.69M	-1.34B	-479M	-791M	-624M	-1.34B	-1.88B
FCF Growth %	-778.42%	94.65%	-129.1%	-5%	-107.54%	64.2%	-65.14%	21.11%	-114.1%	-40.72%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.92%	6.19%	6.62%	8.93%	6.31%	6.28%	6.37%	6.81%	6.83%	6.96%
EBITDA Margin	36.06%	44.45%	43%	49.96%	44.05%	42.06%	39.92%	42.17%	45.35%	45.6%
Net Debt / EBITDA	9.14x	5.91x	6.78x	5.21x	6.26x	6.50x	6.54x	6.05x	6.42x	6.17x
Interest Coverage	2.19x	2.75x	2.43x	2.94x	2.41x	2.46x	2.49x	2.36x	2.34x	-
CapEx / Revenue	100.78%	36.43%	38.36%	32.66%	43.17%	33.75%	32.48%	34.61%	43.55%	48.82%
Dividend Payout Ratio	47.88%	40.76%	39.37%	22.12%	61.7%	46.99%	48.28%	44.56%	44.29%	48.53%
Debt / Equity	1.39x	1.32x	1.34x	1.15x	1.23x	1.24x	1.27x	1.29x	1.30x	1.34x
EPS Growth	-27.03%	22.22%	18.61%	32.85%	-26.92%	-1.88%	6.51%	11.51%	4.52%	4.94%

US Stock Screener

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Fortis Inc. (FTS) 10-Year Financial Performance & Capital Metrics

FTS • • Utilities

UtilitiesElectric UtilitiesElectric and gas combination utilities

Revenue $12.17B +5.8%
EBITDA $5.55B +6.3%
Net Income $1.8B +7.1%
Free Cash Flow -$1.88B -40.7%
EBITDA Margin 45.6% +0.5%
Net Margin 14.78% +1.3%
ROE 6.96% +1.8%
Interest Coverage -
Debt/Equity 1.34 +2.7%
Net Debt/EBITDA 6.17 -3.8%
CapEx / Revenue 48.82% +12.1%
CapEx Coverage 0.68 -11.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.1%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 6.2x Debt/EBITDA

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.06%

5Y6.37%

3Y3.29%

TTM-1.45%

Profit (Net Income) CAGR

10Y8.37%

5Y7.15%

3Y8.87%

TTM-0.15%

EPS CAGR

10Y2.76%

5Y5.03%

3Y6.94%

TTM-2.15%

ROCE

10Y Avg5.15%

5Y Avg5.06%

3Y Avg5.2%

Latest5.18%

Peer Comparison

Electric and gas combination utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESEversource Energy	28.59B	76.21	33.57	-0.08%	10.22%	8.3%		1.92
ETREntergy Corporation	48.45B	107.11	27.39	8.98%	13.68%	10.28%		1.80
LNTAlliant Energy Corporation	18.6B	72.34	26.89	-1.14%	19.13%	11.19%		1.49
XELXcel Energy Inc.	49.3B	83.36	24.23	-5.38%	13.46%	9.04%		1.55
WECWEC Energy Group, Inc.	38.07B	116.96	24.22	13.96%	15.9%	3.82%		0.09
FTSFortis Inc.	29.17B	57.50	23.14	5.75%	14.79%	6.48%		1.34
CMSCMS Energy Corporation	6.57B	78.07	22.12	13.63%	12.62%	11.1%	34.04%	1.99
AEEAmeren Corporation	31.31B	113.28	21.17	15.43%	16.55%	10.76%		1.47

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue+	6.84B	8.3B	8.39B	8.78B	8.94B	9.45B	11.04B	11.52B	11.51B	12.17B
Revenue Growth %	1.2%	21.4%	1.07%	4.68%	1.73%	5.74%	16.88%	4.29%	-0.08%	5.75%
Cost of Revenue	2.34B	2.36B	4.78B	2.52B	2.56B	2.95B	3.95B	3.77B	3.25B	6.62B
Gross Profit+	4.5B	5.94B	3.61B	6.26B	6.37B	6.5B	7.09B	7.75B	8.26B	5.55B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	7.95%	32.09%	-39.26%	73.59%	1.76%	1.95%	9.14%	9.24%	6.62%	-32.81%
Operating Expenses+	3.01B	3.43B	3.53B	3.23B	3.87B	4.03B	4.35B	4.66B	4.97B	2.06B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.47B	3.69B	3.61B	4.39B	3.94B	3.97B	4.41B	4.86B	5.22B	5.55B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	7.59%	49.63%	-2.22%	21.62%	-10.3%	0.97%	10.92%	10.19%	7.45%	6.32%
Depreciation & Amortization+	983M	1.18B	1.24B	1.35B	1.43B	1.5B	1.67B	1.77B	1.93B	2.06B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.48B	2.51B	2.37B	3.04B	2.51B	2.47B	2.74B	3.08B	3.29B	3.49B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	4.51%	69.32%	-5.81%	28.46%	-17.45%	-1.55%	10.98%	12.55%	6.74%	6.08%
Interest Expense+	678M	914M	974M	1.03B	1.04B	1B	1.1B	1.3B	1.41B	0
Interest Coverage	2.19x	2.75x	2.43x	2.94x	2.41x	2.46x	2.49x	2.36x	2.34x	-
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	858M	1.71B	1.45B	2.14B	1.62B	1.64B	1.8B	2.07B	2.17B	2.35B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	145M	588M	165M	289M	231M	234M	289M	360M	346M	393M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	660M	1.03B	1.17B	1.72B	1.27B	1.29B	1.39B	1.57B	1.68B	1.8B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-18.01%	55.76%	13.42%	47.68%	-26.02%	1.57%	7.73%	12.84%	6.8%	7.08%
EPS (Diluted)+	1.89	2.31	2.74	3.64	2.66	2.61	2.78	3.10	3.24	3.40
EPS Growth %	-27.03%	22.22%	18.61%	32.85%	-26.92%	-1.88%	6.51%	11.51%	4.52%	4.94%
EPS (Basic)	1.89	2.32	2.75	3.53	2.58	2.61	2.78	3.10	3.24	3.40
Diluted Shares Outstanding	313.4M	416.2M	425.2M	454.7M	454.7M	471.4M	479M	486.5M	495.2M	529.12M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets+	47.9B	47.82B	53.05B	53.4B	55.48B	57.66B	64.25B	65.92B	73.49B	74.83B
Asset Growth %	66.31%	-0.17%	10.93%	0.67%	3.89%	3.93%	11.43%	2.6%	11.48%	1.83%
PP&E (Net)+	29.34B	29.67B	32.76B	34.03B	36.04B	37.86B	41.71B	43.44B	49.52B	50.89B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.17B	2.21B	3.26B	2.57B	2.61B	2.73B	4.27B	4.03B	3.8B	3.81B
Cash & Equivalents	269M	327M	332M	370M	249M	131M	209M	625M	220M	367M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	372M	367M	398M	394M	422M	478M	661M	566M	685M	649M
Other Current Assets	389M	443M	1.28B	617M	737M	734M	1.49B	1.06B	1.04B	915M
Long-Term Investments	99M	124M	153M	126M	158M	178M	316M	417M	484M	0
Goodwill	12.36B	11.64B	12.53B	12B	11.79B	11.72B	12.46B	12.18B	13.11B	12.53B
Intangible Assets	1.01B	1.08B	1.2B	1.26B	1.29B	1.34B	1.55B	1.51B	1.66B	1.72B
Other Assets	2.93B	3.1B	3.15B	3.41B	3.59B	3.83B	3.95B	4.35B	4.91B	5.89B
Total Liabilities	31.45B	31.07B	34.59B	33.29B	35.2B	36.74B	41.41B	42.59B	47.63B	48.96B
Total Debt+	22.82B	22.13B	24.79B	23.22B	24.87B	25.95B	29.04B	30.03B	33.7B	34.63B
Net Debt	22.55B	21.8B	24.45B	22.85B	24.62B	25.82B	28.83B	29.4B	33.48B	34.26B
Long-Term Debt	20.88B	20.75B	23.16B	21.5B	23.11B	23.71B	25.93B	27.23B	31.22B	30.72B
Short-Term Borrowings	1.41B	914M	986M	1.2B	1.39B	1.88B	2.73B	2.42B	2.09B	3.56B
Capital Lease Obligations	536M	461M	642M	513M	373M	365M	370M	378M	390M	348M
Total Current Liabilities+	3.94B	3.5B	4.25B	4.18B	4.15B	4.8B	6.62B	5.96B	6.04B	7.51B
Accounts Payable	554M	696M	679M	754M	707M	774M	886M	990M	1.12B	3.5B
Accrued Expenses	218M	223M	230M	253M	901M	218M	254M	274M	305M	0
Deferred Revenue	287M	204M	267M	226M	0	288M	401M	263M	360M	0
Other Current Liabilities	716M	1.27B	1.84B	1.5B	1.15B	567M	912M	952M	1.02B	452M
Deferred Taxes	0	0	0	0	0	1000K	1000K	1000K	1000K	0
Other Liabilities	6.17B	6.4B	6.79B	7.13B	7.57B	4.14B	4.33B	4.44B	4.83B	10.38B
Total Equity+	16.45B	16.75B	18.46B	20.11B	20.28B	20.92B	22.84B	23.33B	25.85B	25.87B
Equity Growth %	58.89%	1.82%	10.19%	8.98%	0.85%	3.12%	9.21%	2.15%	10.8%	0.06%
Shareholders Equity	14.6B	15B	16.53B	18.53B	18.7B	19.29B	21.03B	21.5B	23.81B	23.81B
Minority Interest	1.85B	1.75B	1.92B	1.58B	1.59B	1.63B	1.81B	1.83B	2.04B	2.06B
Common Stock	10.76B	11.58B	11.89B	13.64B	13.82B	14.24B	14.66B	15.11B	15.59B	16.11B
Additional Paid-in Capital	12M	10M	11M	11M	11M	10M	10M	9M	8M	5M
Retained Earnings	1.46B	1.73B	2.08B	2.92B	3.21B	3.46B	3.73B	4.11B	4.52B	4.97B
Accumulated OCI	745M	61M	928M	336M	34M	-40M	1.01B	653M	2.07B	1.1B
Return on Assets (ROA)	1.72%	2.15%	2.31%	3.24%	2.34%	2.29%	2.29%	2.42%	2.41%	2.43%
Return on Equity (ROE)	4.92%	6.19%	6.62%	8.93%	6.31%	6.28%	6.37%	6.81%	6.83%	6.96%
Debt / Equity	1.39x	1.32x	1.34x	1.15x	1.23x	1.24x	1.27x	1.29x	1.30x	1.34x
Debt / Assets	47.63%	46.27%	46.72%	43.47%	44.83%	45%	45.19%	45.55%	45.86%	46.28%
Net Debt / EBITDA	9.14x	5.91x	6.78x	5.21x	6.26x	6.50x	6.54x	6.05x	6.42x	6.17x
Book Value per Share	52.49	40.24	43.41	44.23	44.61	44.37	47.69	47.96	52.21	48.89

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	1.88B	2.76B	2.6B	2.05B	2.7B	2.91B	3.07B	3.54B	3.88B	4.06B
Operating CF Growth %	12.61%	46.28%	-5.52%	-21.14%	31.53%	7.63%	5.74%	15.32%	9.51%	4.64%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	713M	1.13B	1.29B	1.33B	1.39B	1.41B	1.51B	1.57B	1.83B	1.8B
Depreciation & Amortization	983M	1.18B	1.24B	1.04B	1.43B	1.5B	1.67B	1.77B	1.93B	2.06B
Deferred Taxes	98M	544M	136M	190.48M	226M	147M	182M	272M	154M	0
Other Non-Cash Items	88M	-35M	28M	-376.33M	14M	-106M	-14M	108M	-96M	409M
Working Capital Changes	-20M	-97M	-89M	-129.55M	-434M	-144M	-317M	-181M	69M	-203M
Capital Expenditures+	-6.89B	-3.02B	-3.22B	-2.7B	-4.04B	-3.39B	-3.87B	-4.17B	-5.22B	-5.94B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-6.89B	-3.02B	-3.25B	-2.13B	-4.13B	-3.49B	-4.06B	-3.74B	-5.39B	-5.36B
Acquisitions	-4.84B	0	0	767.3M	0	0	-100M	430M	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	0
Other Investing	11M	-1M	-34M	-33.16M	-275M	-299M	-372M	-186M	-383M	585M
Cash from Financing+	5.05B	339M	644M	118.76M	1.33B	451M	1.03B	613M	1.06B	1.46B
Dividends Paid	-388M	-484M	-525M	-432.62M	-851M	-671M	-737M	-768M	-818M	-873M
Dividend Payout Ratio %	47.88%	40.76%	39.37%	22.12%	61.7%	46.99%	48.28%	44.56%	44.29%	48.53%
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	45M	561M	34M	1.11B	58M	60M	53M	43M	46M	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	1.15B	448M	-49M	-47.81M	-35M	-76M	-71M	-77M	-108M	406M
Net Change in Cash+	27M	58M	5M	42.25M	-121M	-118M	78M	416M	-405M	147M
Exchange Rate Effect	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	0	1000K	-1000K
Cash at Beginning	242M	269M	327M	243.08M	370M	249M	131M	209M	625M	220M
Cash at End	269M	327M	332M	285.33M	249M	131M	209M	625M	220M	367M
Free Cash Flow+	-5.01B	-268M	-614M	-644.69M	-1.34B	-479M	-791M	-624M	-1.34B	-1.88B
FCF Growth %	-778.42%	94.65%	-129.1%	-5%	-107.54%	64.2%	-65.14%	21.11%	-114.1%	-40.72%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.92%	6.19%	6.62%	8.93%	6.31%	6.28%	6.37%	6.81%	6.83%	6.96%
EBITDA Margin	36.06%	44.45%	43%	49.96%	44.05%	42.06%	39.92%	42.17%	45.35%	45.6%
Net Debt / EBITDA	9.14x	5.91x	6.78x	5.21x	6.26x	6.50x	6.54x	6.05x	6.42x	6.17x
Interest Coverage	2.19x	2.75x	2.43x	2.94x	2.41x	2.46x	2.49x	2.36x	2.34x	-
CapEx / Revenue	100.78%	36.43%	38.36%	32.66%	43.17%	33.75%	32.48%	34.61%	43.55%	48.82%
Dividend Payout Ratio	47.88%	40.76%	39.37%	22.12%	61.7%	46.99%	48.28%	44.56%	44.29%	48.53%
Debt / Equity	1.39x	1.32x	1.34x	1.15x	1.23x	1.24x	1.27x	1.29x	1.30x	1.34x
EPS Growth	-27.03%	22.22%	18.61%	32.85%	-26.92%	-1.88%	6.51%	11.51%	4.52%	4.94%

Fortis Inc. (FTS) 10-Year Financial Performance & Capital Metrics

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Revenue History

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Fortis Inc. (FTS) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare FTS vs Peers

vs DUK

vs XEL

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios