FORTIS INC. financials
Source: EDGAR filings · Built 2026-06-19T00:56:21Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -1.88B | -1.13B | -441.00M | -514.00M | -284.00M | -1.18B |
| EBITDA | 5.55B | 5.22B | 4.86B | 4.41B | 3.97B | 3.94B |
| Working Capital | -3.71B | -2.24B | -1.94B | -2.35B | -2.07B | -1.54B |
| Net Debt | 34.33B | 33.50B | 29.42B | 28.84B | 25.83B | 24.62B |
| Gross Margin | 71.67% | 71.10% | 66.22% | 63.78% | 68.10% | 70.70% |
| Operating Margin | 29.34% | 29.28% | 27.63% | 25.11% | 26.69% | 28.68% |
| Net Margin | 16.48% | 16.26% | 15.32% | 13.87% | 15.19% | 15.89% |
| Return on Equity (ROE) | 8.24% | 7.68% | 7.95% | 7.20% | 7.28% | 7.43% |
| Return on Assets (ROA) | 2.62% | 2.49% | 2.59% | 2.36% | 2.44% | 2.50% |
| Current Ratio | 0.51× | 0.63× | 0.67× | 0.65× | 0.57× | 0.63× |
| Debt-to-Equity | 1.46× | 1.42× | 1.40× | 1.38× | 1.35× | 1.33× |
| Effective Tax Rate | 16.70% | 15.92% | 17.39% | 16.03% | 14.28% | 14.26% |
| Cash Conversion Ratio | 2.07× | 2.12× | 2.07× | 2.03× | 2.07× | 1.94× |
| Accruals Ratio | -0.03× | -0.03× | -0.03× | -0.02× | -0.03× | -0.02× |
| CapEx Coverage | 0.68× | 0.77× | 0.89× | 0.86× | 0.91× | 0.70× |
| Free Cash Flow Per Share | C$-3.73 | C$-2.28 | C$-0.91 | C$-1.07 | C$-0.60 | C$-2.54 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 11.90B | 11.24B | 11.16B | 10.91B | 9.25B | 8.74B |
| Revenues | 12.17B | 11.51B | 11.52B | 11.04B | 9.45B | 8.94B |
| Cost of Goods and Services Sold | 3.37B | 3.25B | 3.77B | 3.95B | 2.95B | 2.56B |
| Operating Expenses | 3.25B | 3.04B | 2.89B | 2.68B | 2.52B | 2.44B |
| Operating Income (Loss) | 3.49B | 3.29B | 3.08B | 2.74B | 2.47B | 2.51B |
| Income Tax Expense (Benefit) | 393.00M | 346.00M | 360.00M | 289.00M | 234.00M | 231.00M |
| Earnings Per Share, Basic | C$3.40 | C$3.24 | C$3.10 | C$2.78 | C$2.61 | C$2.60 |
| Weighted Average Number of Shares Outstanding, Basic | 503.50M | 495.00M | 486.30M | 478.60M | 470.90M | 464.80M |
| Earnings Per Share, Diluted | C$3.40 | C$3.24 | C$3.10 | C$2.78 | C$2.61 | C$2.60 |
| Weighted Average Number of Shares Outstanding, Diluted | 503.70M | 495.20M | 486.50M | 479.00M | 471.40M | 465.40M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 367.00M | 220.00M | 625.00M | 209.00M | 131.00M | 249.00M |
| Assets, Current | 3.81B | 3.80B | 4.03B | 4.27B | 2.73B | 2.61B |
| Assets | 74.83B | 73.49B | 65.92B | 64.25B | 57.66B | 55.48B |
| Liabilities, Current | 7.51B | 6.04B | 5.96B | 6.62B | 4.80B | 4.15B |
| Long-term Debt, Excluding Current Maturities | 30.72B | 31.22B | 27.23B | 25.93B | 23.71B | 23.11B |
| Liabilities | 48.96B | 47.63B | 42.59B | 41.41B | 36.74B | 35.20B |
| Stockholders' Equity Attributable to Parent | 23.81B | 23.81B | 21.50B | 21.03B | 19.29B | 18.70B |
| Common Stock, Shares, Outstanding | 507.30M | 499.30M | 490.60M | 482.20M | 474.80M | 466.80M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.06B | 3.88B | 3.54B | 3.07B | 2.91B | 2.70B |
| Payments to Acquire Property, Plant, and Equipment | 5.94B | 5.01B | 3.99B | 3.59B | 3.19B | 3.86B |
| Net Cash Provided by (Used in) Investing Activities | -5.36B | -5.39B | -3.74B | -4.06B | -3.49B | -4.13B |
| Net Cash Provided by (Used in) Financing Activities | 1.46B | 1.06B | 613.00M | 1.03B | 451.00M | 1.33B |
Derived Metrics
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -675.00M | — | -250.00M | — | 6.00M |
| EBITDA | — | 1.31B | — | 1.22B | — | 1.09B |
| Working Capital | -3.71B | -2.60B | -2.24B | -1.76B | -1.94B | -1.16B |
| Net Debt | 34.33B | 33.59B | 33.50B | 31.15B | 29.42B | 28.82B |
| Gross Margin | — | 74.64% | — | 73.30% | — | 69.66% |
| Operating Margin | — | 28.42% | — | 27.64% | — | 25.21% |
| Net Margin | — | 15.77% | — | 14.49% | — | 13.34% |
| Return on Equity (ROE) | — | 1.88% | — | 1.70% | — | 1.62% |
| Return on Assets (ROA) | — | 0.61% | — | 0.56% | — | 0.54% |
| Current Ratio | 0.51× | 0.58× | 0.63× | 0.69× | 0.67× | 0.79× |
| Debt-to-Equity | 1.46× | 1.43× | 1.42× | 1.39× | 1.40× | 1.38× |
| Effective Tax Rate | — | 17.16% | — | 15.13% | — | 12.41% |
| Cash Conversion Ratio | — | 1.81× | — | 2.10× | — | 2.73× |
| Accruals Ratio | — | -0.00× | — | -0.01× | — | -0.01× |
| CapEx Coverage | — | 0.54× | — | 0.77× | — | 1.01× |
| Free Cash Flow Per Share | — | C$-1.34 | — | C$-0.51 | — | C$0.01 |
Income Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Revenues | — | 2.81B | — | 2.67B | — | 2.59B |
| Cost of Goods and Services Sold | — | 714.00M | — | 713.00M | — | 787.00M |
| Operating Expenses | — | 789.00M | — | 739.00M | — | 713.00M |
| Operating Income (Loss) | — | 800.00M | — | 738.00M | — | 654.00M |
| Income Tax Expense (Benefit) | — | 92.00M | — | 69.00M | — | 49.00M |
| Earnings Per Share, Basic | — | C$0.76 | — | C$0.67 | — | C$0.61 |
| Weighted Average Number of Shares Outstanding, Basic | 503.50M | 502.60M | 495.00M | 494.00M | 486.30M | 485.40M |
| Earnings Per Share, Diluted | — | C$0.76 | — | C$0.67 | — | C$0.61 |
| Weighted Average Number of Shares Outstanding, Diluted | 503.70M | 502.90M | 495.20M | 494.20M | 486.50M | 485.70M |
Balance Sheet
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 367.00M | 221.00M | 220.00M | 561.00M | 625.00M | 690.00M |
| Assets, Current | 3.81B | 3.57B | 3.80B | 3.92B | 4.03B | 4.26B |
| Assets | 74.83B | 72.79B | 73.49B | 68.77B | 65.92B | 64.08B |
| Liabilities, Current | 7.51B | 6.16B | 6.04B | 5.68B | 5.96B | 5.41B |
| Long-term Debt, Excluding Current Maturities | 30.72B | 30.72B | 31.22B | 28.67B | 27.23B | 26.81B |
| Liabilities | 48.96B | 47.20B | 47.63B | 44.12B | 42.59B | 40.90B |
| Stockholders' Equity Attributable to Parent | 23.81B | 23.63B | 23.81B | 22.75B | 21.50B | 21.38B |
| Common Stock, Shares, Outstanding | 507.30M | 503.60M | 499.30M | 495.20M | 490.60M | 486.40M |
Cash Flow Statement
| Concept | Q4 2025 | Q2 2025 | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | — | 804.00M | — | 814.00M | — | 944.00M |
| Payments to Acquire Property, Plant, and Equipment | — | 1.48B | — | 1.06B | — | 938.00M |
| Net Cash Provided by (Used in) Investing Activities | — | -1.51B | — | -1.15B | — | -1.01B |
| Net Cash Provided by (Used in) Financing Activities | — | 437.00M | — | 319.00M | — | 209.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FTS CIK 0001666175),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.