Last 47 quarters of trend data · Utilities · Regulated Electric
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.89 | 18.34 | 14.09 | 15.64 | 21.87 | 15.50 | 11.39 | 12.99 | 13.36 | 14.49 | 10.62 | 13.18 | 11.58 | 17.66 | 11.68 | 12.83 | 13.76 | 19.70 | 16.72 | 17.49 | 17.05 |
| — | +18.4% | +23.6% | +20.4% | +63.6% | +6.9% | +7.3% | -1.5% | +15.4% | -17.9% | -9.1% | +2.7% | -15.9% | -10.3% | -30.1% | -26.6% | -19.3% | -0.3% | +20.3% | +25.1% | +6.8% | |
| P/S Ratio | 3.40 | 2.35 | 2.08 | 2.57 | 2.18 | 2.12 | 1.71 | 1.75 | 2.04 | 1.80 | 1.56 | 1.74 | 1.69 | 2.00 | 1.55 | 1.50 | 1.77 | 2.26 | 2.07 | 2.22 | 2.29 |
| — | +10.6% | +22.0% | +46.8% | +7.1% | +18.1% | +9.7% | +0.3% | +20.7% | -10.4% | +0.7% | +16.1% | -4.6% | -11.2% | -25.4% | -32.4% | -23.0% | -4.3% | +6.8% | +12.2% | +4.8% | |
| P/B Ratio | 1.66 | 1.00 | 1.07 | 1.22 | 0.98 | 0.93 | 0.87 | 0.80 | 0.92 | 0.78 | 0.81 | 0.86 | 0.78 | 0.90 | 0.89 | 0.83 | 0.79 | 1.03 | 1.12 | 1.10 | 0.97 |
| — | +7.3% | +22.6% | +53.2% | +5.5% | +19.9% | +7.7% | -7.4% | +18.7% | -13.3% | -9.0% | +3.5% | -1.0% | -12.7% | -20.6% | -24.0% | -19.0% | +4.9% | +15.6% | +19.8% | +8.4% | |
| P/FCF | — | — | — | — | — | — | — | — | 62.66 | — | — | — | — | 1148.91 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.64 | 15.07 | 10.68 | 11.94 | 10.73 | 10.95 | 9.66 | 9.92 | 10.37 | 10.33 | 9.27 | 10.04 | 9.48 | 11.34 | 9.77 | 10.18 | 10.44 | 11.92 | 11.40 | 11.83 | 11.64 |
| — | +37.5% | +10.6% | +20.4% | +3.5% | +6.0% | +4.2% | -1.2% | +9.4% | -8.9% | -5.1% | -1.4% | -9.2% | -4.9% | -14.3% | -14.0% | -10.3% | -1.4% | +7.0% | +9.3% | +3.2% | |
| EV / EBIT | 21.67 | 23.16 | 15.18 | 17.65 | 15.71 | 15.88 | 13.58 | 14.83 | 14.65 | 15.67 | 13.12 | 13.91 | 13.81 | 17.28 | 13.76 | 14.55 | 16.32 | 18.94 | 17.20 | 17.66 | 17.92 |
| — | +45.8% | +11.8% | +19.0% | +7.2% | +1.3% | +3.5% | +6.6% | +6.1% | -9.3% | -4.6% | -4.4% | -15.4% | -8.8% | -20.0% | -17.6% | -9.0% | +1.4% | +11.4% | +13.1% | +9.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.3% | 75.5% | 68.5% | 72.1% | 74.2% | 74.6% | 68.8% | 73.2% | 73.4% | 73.3% | 67.6% | 68.8% | 71.6% | 69.7% | 60.5% | 60.0% | 68.5% | 68.0% | 61.8% | 65.7% | 71.6% |
| — | +1.1% | -0.5% | -1.5% | +1.0% | +1.8% | +1.8% | +6.4% | +2.6% | +5.2% | +11.9% | +14.8% | +4.5% | +2.5% | -2.2% | -8.8% | -4.3% | -5.8% | -7.2% | -4.8% | -2.0% | |
| Operating Margin | 28.7% | 27.4% | 28.1% | 28.2% | 29.6% | 28.4% | 28.5% | 29.3% | 29.4% | 27.6% | 28.1% | 27.0% | 30.2% | 25.2% | 25.0% | 23.8% | 27.3% | 24.7% | 23.8% | 25.0% | 27.2% |
| — | -3.5% | -1.7% | -3.8% | +0.9% | +2.8% | +1.6% | +8.5% | -2.7% | +9.6% | +12.3% | +13.6% | +10.6% | +2.1% | +4.9% | -5.0% | +0.3% | -5.6% | -9.4% | -9.7% | -4.1% | |
| Net Margin | 14.8% | 13.5% | 15.4% | 14.4% | 14.7% | 14.4% | 15.6% | 14.1% | 15.8% | 13.1% | 15.3% | 13.8% | 15.1% | 12.0% | 13.6% | 12.2% | 13.4% | 12.1% | 12.9% | 13.3% | 14.2% |
| — | -5.9% | -1.3% | +2.5% | -7.4% | +9.8% | +1.8% | +2.0% | +4.8% | +9.0% | +12.1% | +13.2% | +12.8% | -0.6% | +5.7% | -8.2% | -5.4% | -4.5% | -11.6% | -10.5% | -2.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.0% | 1.5% | 2.0% | 1.7% | 1.7% | 1.6% | 2.0% | 1.7% | 1.8% | 1.4% | 2.0% | 1.7% | 1.8% | 1.3% | 2.0% | 1.7% | 1.5% | 1.4% | 1.7% | 1.6% | 1.5% |
| — | -6.0% | -0.1% | +3.1% | -7.1% | +8.8% | -0.8% | -2.7% | +1.7% | +6.7% | +2.1% | +0.7% | +15.3% | -4.0% | +13.0% | +2.4% | +1.3% | +6.4% | -4.4% | -3.0% | +2.9% | |
| ROA | 2.4% | 0.5% | 0.7% | 0.6% | 0.6% | 0.5% | 0.7% | 0.6% | 0.6% | 0.5% | 0.7% | 0.6% | 0.6% | 0.5% | 0.7% | 0.6% | 0.6% | 0.5% | 0.6% | 0.6% | 0.6% |
| — | -7.1% | -1.8% | +2.5% | -7.7% | +7.0% | -1.8% | -3.7% | +0.6% | +5.9% | +1.7% | +0.1% | +14.3% | -4.8% | +11.3% | +0.7% | +0.2% | +5.2% | -5.4% | -3.9% | +0.9% | |
| ROIC | 4.4% | 1.0% | 1.2% | 1.1% | 1.1% | 1.0% | 1.2% | 1.1% | 1.1% | 1.0% | 1.2% | 1.1% | 1.2% | 0.9% | 1.2% | 1.1% | 1.0% | 1.0% | 1.1% | 1.0% | 1.0% |
| — | -4.2% | -1.8% | -4.2% | -0.3% | +0.2% | -2.4% | +2.2% | -6.4% | +6.5% | +2.2% | +0.9% | +12.2% | -2.3% | +10.8% | +4.8% | +6.2% | +4.1% | -2.9% | -3.3% | -0.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.34 | 1.32 | 1.34 | 1.34 | 1.31 | 1.32 | 1.31 | 1.30 | 1.31 | 1.29 | 1.29 | 1.29 | 1.29 | 1.27 | 1.28 | 1.27 | 1.27 | 1.24 | 1.25 | 1.24 | 1.23 |
| — | +0.1% | +1.8% | +2.8% | -0.1% | +2.7% | +1.9% | +1.3% | +1.8% | +1.0% | +0.7% | +1.2% | +1.8% | +2.9% | +2.3% | +2.5% | +2.8% | +0.5% | +2.0% | +1.2% | +1.4% | |
| Debt / EBITDA | 6.25 | 34.50 | 23.88 | 25.13 | 24.78 | 25.77 | 23.44 | 24.71 | 24.74 | 26.03 | 23.05 | 24.35 | 24.02 | 26.97 | 23.33 | 24.71 | 25.98 | 26.23 | 24.24 | 25.19 | 26.17 |
| — | +33.9% | +1.9% | +1.7% | +0.1% | -1.0% | +1.7% | +1.5% | +3.0% | -3.5% | -1.2% | -1.4% | -7.5% | +2.8% | -3.7% | -1.9% | -0.7% | -3.8% | +1.1% | +1.0% | -0.4% | |
| Current Ratio | 0.51 | 0.56 | 0.49 | 0.51 | 0.66 | 0.58 | 0.76 | 0.63 | 0.74 | 0.69 | 0.60 | 0.67 | 0.71 | 0.79 | 0.68 | 0.65 | 0.62 | 0.64 | 0.63 | 0.57 | 0.77 |
| — | -2.9% | -36.0% | -19.5% | -9.8% | -16.1% | +25.6% | -6.8% | +3.6% | -12.3% | -10.7% | +4.6% | +14.0% | +23.2% | +6.7% | +13.6% | -18.7% | -26.7% | -2.6% | -9.8% | +5.2% | |
| Quick Ratio | 0.42 | 0.47 | 0.41 | 0.42 | 0.54 | 0.47 | 0.63 | 0.52 | 0.63 | 0.58 | 0.52 | 0.58 | 0.62 | 0.69 | 0.58 | 0.55 | 0.51 | 0.53 | 0.55 | 0.47 | 0.63 |
| — | +0.5% | -35.4% | -18.5% | -13.5% | -19.9% | +21.6% | -11.1% | +1.9% | -15.0% | -10.8% | +6.4% | +21.0% | +29.4% | +6.2% | +16.4% | -18.6% | -29.3% | -1.5% | -11.3% | +3.3% | |
| Interest Coverage | 2.59 | 1.77 | 2.81 | 2.53 | 2.56 | 2.45 | 2.82 | 2.48 | 2.58 | 2.31 | 2.82 | 2.65 | 2.62 | 2.22 | 2.85 | 3.74 | 2.56 | 2.44 | 2.78 | 3.46 | 2.60 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FTS stock.
Fortis Inc.'s current P/E is 23.9x. The average P/E over the last 4 quarters is 17.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Fortis Inc.'s current operating margin is 28.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Fortis Inc.'s business trajectory between earnings reports.