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Stocks · Utilities · Electric Services

Fortis Inc.

FTS Clue Score49
Newfoundland, Canada Fiscal year ends December CIK 0001666175
$53.31 -0.13% Close, 9 Oct 2026
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Price $53.31 +19.80% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.84Operating income1.48Net income0.71EPS, diluted1.89Fiscal year 2017Revenue8.20 +19.9%Operating income2.51Net income1.13 +57.8%EPS, diluted2.31 +22.2%Fiscal year 2018Revenue8.33 +1.6%Operating income2.37Net income1.29 +14.3%EPS, diluted2.59 +12.1%Fiscal year 2019Revenue8.60 +3.3%Operating income3.04Net income1.85 +44.0%EPS, diluted3.78 +45.9%Fiscal year 2020Revenue8.74 +1.7%Operating income2.51Net income1.39 −25.0%EPS, diluted2.60 −31.2%Fiscal year 2021Revenue9.25 +5.8%Operating income2.47Net income1.41 +1.2%EPS, diluted2.61 +0.4%Fiscal year 2022Revenue10.91 +17.9%Operating income2.74Net income1.51 +7.8%EPS, diluted2.78 +6.5%Fiscal year 2023Revenue11.16 +2.3%Operating income3.08Net income1.71 +12.9%EPS, diluted3.10 +11.5%Fiscal year 2024Revenue11.24 +0.7%Operating income3.29Net income1.83 +6.9%EPS, diluted3.24 +4.5%Fiscal year 2025Revenue11.90 +5.8%Operating income3.49Net income1.96 +7.3%EPS, diluted3.40 +4.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.84 8.20 8.33 8.60 8.74 9.25 10.91 11.16 11.24 11.90
Growth +19.9% +1.6% +3.3% +1.7% +5.8% +17.9% +2.3% +0.7% +5.8%
Operating income 1.48 2.51 2.37 3.04 2.51 2.47 2.74 3.08 3.29 3.49
Net income 0.71 1.13 1.29 1.85 1.39 1.41 1.51 1.71 1.83 1.96
Growth +57.8% +14.3% +44.0% −25.0% +1.2% +7.8% +12.9% +6.9% +7.3%
EPS, diluted 1.89 2.31 2.59 3.78 2.60 2.61 2.78 3.10 3.24 3.40
Growth +22.2% +12.1% +45.9% −31.2% +0.4% +6.5% +11.5% +4.5% +4.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin21.7%Net margin10.4%Free cash flow margin−0.4%Fiscal year 2017Operating margin30.6%Net margin13.7%Free cash flow margin−0.7%Fiscal year 2018Operating margin28.4%Net margin15.4%Free cash flow margin−5.1%Fiscal year 2019Operating margin35.3%Net margin21.5%Free cash flow margin−9.7%Fiscal year 2020Operating margin28.7%Net margin15.9%Free cash flow margin−13.2%Fiscal year 2021Operating margin26.7%Net margin15.2%Free cash flow margin−3.0%Fiscal year 2022Operating margin25.1%Net margin13.9%Free cash flow margin−4.7%Fiscal year 2023Operating margin27.6%Net margin15.3%Free cash flow margin−4.0%Fiscal year 2024Operating margin29.3%Net margin16.3%Free cash flow margin−10.1%Fiscal year 2025Operating margin29.3%Net margin16.5%Free cash flow margin−15.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 21.7% 30.6% 28.4% 35.3% 28.7% 26.7% 25.1% 27.6% 29.3% 29.3%
Net margin 10.4% 13.7% 15.4% 21.5% 15.9% 15.2% 13.9% 15.3% 16.3% 16.5%
Free cash flow margin −0.4% −0.7% −5.1% −9.7% −13.2% −3.0% −4.7% −4.0% −10.1% −15.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.88Capital expenditure−1.91Free cash flow−0.03Dividends paid−0.32Fiscal year 2017Operating cash flow2.76Capital expenditure−2.81Free cash flow−0.06Dividends paid−0.42Fiscal year 2018Operating cash flow2.60Capital expenditure−3.03Free cash flow−0.43Dividends paid−0.46Fiscal year 2019Operating cash flow2.66Capital expenditure−3.50Free cash flow−0.84Dividends paid−0.49Fiscal year 2020Operating cash flow2.70Capital expenditure−3.86Free cash flow−1.16Dividends paid−0.79Fiscal year 2021Operating cash flow2.91Capital expenditure−3.19Free cash flow−0.28Dividends paid−0.61Fiscal year 2022Operating cash flow3.07Capital expenditure−3.59Free cash flow−0.51Dividends paid−0.67Fiscal year 2023Operating cash flow3.55Capital expenditure−3.99Free cash flow−0.44Dividends paid−0.70Fiscal year 2024Operating cash flow3.88Capital expenditure−5.01Free cash flow−1.13Dividends paid−0.74Fiscal year 2025Operating cash flow4.06Capital expenditure−5.94Free cash flow−1.88Dividends paid−0.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.88 2.76 2.60 2.66 2.70 2.91 3.07 3.55 3.88 4.06
Capital expenditure −1.91 −2.81 −3.03 −3.50 −3.86 −3.19 −3.59 −3.99 −5.01 −5.94
Free cash flow −0.03 −0.06 −0.43 −0.84 −1.16 −0.28 −0.51 −0.44 −1.13 −1.88
Growth
Dividends paid −0.32 −0.42 −0.46 −0.49 −0.79 −0.61 −0.67 −0.70 −0.74 −0.79

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.27Total debt21.07Net cash (debt)−20.80Shareholders’ equity14.60Debt to equity1.44Fiscal year 2017Cash0.33Total debt21.40Net cash (debt)−21.07Shareholders’ equity15.00Debt to equity1.43Fiscal year 2018Cash0.33Total debt24.09Net cash (debt)−23.75Shareholders’ equity16.53Debt to equity1.46Fiscal year 2019Cash0.37Total debt22.19Net cash (debt)−21.82Shareholders’ equity18.53Debt to equity1.20Fiscal year 2020Cash0.25Total debt24.37Net cash (debt)−24.12Shareholders’ equity18.70Debt to equity1.30Fiscal year 2021Cash0.13Total debt25.34Net cash (debt)−25.20Shareholders’ equity19.29Debt to equity1.31Fiscal year 2022Cash0.21Total debt28.41Net cash (debt)−28.20Shareholders’ equity21.03Debt to equity1.35Fiscal year 2023Cash0.63Total debt29.53Net cash (debt)−28.91Shareholders’ equity21.51Debt to equity1.37Fiscal year 2024Cash0.22Total debt33.21Net cash (debt)−32.99Shareholders’ equity23.81Debt to equity1.40Fiscal year 2025Cash0.37Total debt33.87Net cash (debt)−33.50Shareholders’ equity23.81Debt to equity1.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.27 0.33 0.33 0.37 0.25 0.13 0.21 0.63 0.22 0.37
Total debt 21.07 21.40 24.09 22.19 24.37 25.34 28.41 29.53 33.21 33.87
Net cash (debt) −20.80 −21.07 −23.75 −21.82 −24.12 −25.20 −28.20 −28.91 −32.99 −33.50
Shareholders’ equity 14.60 15.00 16.53 18.53 18.70 19.29 21.03 21.51 23.81 23.81
Debt to equity 1.44 1.43 1.46 1.20 1.30 1.31 1.35 1.37 1.40 1.42

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of CAD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.27 0.33 0.33 0.37 0.25 0.13 0.21 0.63 0.22 0.37
n/a 0.99 1.08 1.07 1.10 1.27 1.76 1.55 1.67 1.49
12.36 11.64 12.53 12.00 11.79 11.72 12.46 12.18 13.11 12.53
47.90 47.82 53.05 53.40 55.48 57.66 64.25 65.92 73.49 74.83
Growth −0.2% +10.9% +0.7% +3.9% +3.9% +11.4% +2.6% +11.5% +1.8%
Liabilities
0.25 0.71 0.93 0.69 1.25 1.63 2.48 2.30 1.99 3.15
20.82 20.69 23.16 21.50 23.11 23.71 25.93 27.24 31.22 30.72
calc 21.07 21.40 24.09 22.19 24.37 25.34 28.41 29.53 33.21 33.87
31.45 31.07 34.60 33.29 35.20 36.74 41.41 42.59 47.63 48.96
Equity
1.46 1.73 2.08 2.92 3.21 3.46 3.73 4.11 4.52 4.97
14.60 15.00 16.53 18.53 18.70 19.29 21.03 21.51 23.81 23.81
Growth +2.8% +10.2% +12.1% +0.9% +3.2% +9.0% +2.3% +10.7% +0.0%
Per share and net cash
calc −20.80 −21.07 −23.75 −21.82 −24.12 −25.20 −28.20 −28.91 −32.99 −33.50
401.5 421.1 428.5 463.3 466.8 474.8 482.2 490.6 499.3 507.3
calc 36.36 35.62 38.59 40.00 40.06 40.63 43.62 43.84 47.68 46.93

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CAD as filed; the screener converts to dollars.