Stocktoria

Fortis Inc. FTS

NYSE · stock · Electric Services · website · IPO 1980-03-17 · LEI

Fortis Inc. statistics & valuation

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
21.70% 30.20% 28.20% 34.60% 28.10% 26.10% 24.80% 26.80% 28.60% 28.70% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
401.5M 421.1M 428.5M 463.3M 466.8M 474.8M 482.2M 490.6M 499.3M 507.3M 2016201720182019202020212022202320242025
Net debt ($)
$20.55B $20.36B $22.83B $21.13B $22.86B $23.58B $25.72B $26.61B $31.00B $30.36B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
-0.40% -0.70% -5.10% -9.50% -12.90% -3.00% -4.60% -3.80% -9.80% -15.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.27× 1.24× 1.25× 1.07× 1.14× 1.13× 1.14× 1.17× 1.21× 1.19× 2016201720182019202020212022202320242025
EPS ($)
$1.89 $2.31 $2.59 $3.78 $2.60 $2.61 $2.78 $3.10 $3.24 $3.40 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fortis Inc. trades at about 16.5× earnings — near its 10-year norm (10-year range 11.5×–18.2×, median 15.3×).

11.5× 18.2×

Shaded band = 10-year range (11.5×–18.2×); dot = today's 16.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin28.7%28.6%26.8%24.8%26.1%28.1%34.6%28.2%30.2%21.7%
FCF margin-15.4%-9.8%-3.8%-4.6%-3.0%-12.9%-9.5%-5.1%-0.7%-0.4%
Debt / equity1.19×1.21×1.17×1.14×1.13×1.14×1.07×1.25×1.24×1.27×
Current ratio0.510.630.670.650.570.630.620.770.630.55

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.