FTS

MKT CAP:$29B

Fortis Inc.

Market Cap

$29B

Utilities·Regulated Electric·🇨🇦 Canada·NYSE

Utilities·Regulated Electric·🇨🇦·NYSE

Stock Price

$56.47+$4.57 (+8.81%)

Apr 24, 2026

Company Details

Fortis 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; a...

CEO

David Gerard Hutchens

IPO Date

Jan 5, 2010

Website

www.fortisinc.com

Key Metrics TTM

Revenue

$7.7B

— YoY

Net Income

$1.5B

EPS (Diluted)

$3.00

Free Cash Flow

-$559M

Revenue / Share

$15.50

Gross Margin

71.9%

Operating Margin

33.6%

Net Margin

19.0%

FCF Margin

-7.3%

P/S

3.7x

P/E

19.6x

Earnings Reports

Q4 2024

May 6, 2026

PENDING

Q3 2024

Sep 28, 2024

$2.0BEPS $0.62

Q2 2024

Jun 28, 2024

$2.0BEPS $0.49

Q1 2024

Mar 30, 2024

$2.3BEPS $0.68

FY 2023

Feb 9, 2024

$8.4BEPS $2.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$1.3B	$789M	$261M
Q4 18	$1.6B	$656M	$422M
Q2 19	$1.4B	$1.1B	$811M
Q1 24	$2.3B	$1.5B	$640M
Q2 24	$2.0B	$1.4B	$539M
Q3 24	$2.0B	$1.5B	$595M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q4 18	—	—
Q2 19	—	—
Q1 24	2.9x	15.9x
Q2 24	2.6x	14.2x
Q3 24	2.9x	15.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$353M	$42M
Q4 18	$392M	-$304M
Q2 19	$461M	-$155M
Q1 24	$561M	-$252M
Q2 24	$595M	-$218M
Q3 24	$978M	$66M

Capital Expenditures

Quarter	CapEx
Q1 16	$311M
Q4 18	$696M
Q2 19	$616M
Q1 24	$813M
Q2 24	$813M
Q3 24	$912M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 24	+50.7%	+36.5%
Q3 24	+25.6%	+20.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$0	0.0%
Q4 18	$0	0.0%
Q2 19	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 18	$1M

Revenue Segments

Quarter	Central Hudson Gas and Electric Corporation	Energy Infrastructure	Fortis Alberta Inc.	Fortis BC Energy Inc.	FortisBC Inc.	ITC Holdings Corp.	Other Electric	UNS Energy Corporation
Q2 19	$145M	$18M	$110M	$172M	$66M	$313M	$251M	$365M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$267M	$0	$267M
Q2 22	$247M	$0	$247M
Q3 22	$289M	$0	$289M
Q4 22	$153M	$0	$153M
Q1 23	$421M	$0	$421M
Q2 23	$504M	$0	$504M
Q3 23	$559M	$0	$559M
Q4 23	$457M	$0	$457M
Q1 24	$416M	$0	$416M
Q2 24	$410M	$0	$410M
Q3 24	$655M	$0	$655M
Q4 24	$161M	$0	$161M
Q1 25	$373M	$0	$373M
Q2 25	$162M	$0	$162M
Q3 25	$284M	$0	$284M
Q4 25	$268M	$0	$268M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	289M	—	—
Q4 18	430M	+49.0%	—
Q2 19	434M	+0.8%	—
Q1 24	492M	+13.4%	—
Q2 24	494M	+0.5%	+71.2%
Q3 24	496M	+0.4%	+15.4%

Shares Outstanding