FTS vs TAC
Fortis Inc. and Transalta Corp., side by side — 10 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | FTS | TAC |
|---|---|---|
| Revenue | CAD 12.2B | CAD 2.4B |
| Net income | CAD 2.0B | CAD -138.0M |
| Gross margin | 72.3% | 59.0% |
| Net margin | 16.1% | −6.6% |
| Return on equity | 8.2% | −8.8% |
| Diluted EPS | CAD 3.40 | −CAD 0.64 |
| Dividend / share | CAD 2.51 | · |
| Payout ratio | 40.2% | · |
| Free cash flow | CAD -1.9B | CAD 397.0M |
| Equity | CAD 23.8B | CAD 1.4B |
| Net debt / equity | 1.41× | 2.42× |
| Current ratio | 0.51× | 0.73× |
| Revenue CAGR 5y | 6.4% | 2.7% |
| Profit CAGR 5y | 7.1% | · |
FTS bills 5.1× the revenue of TAC, and TAC closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | FTS | TAC |
|---|---|---|
| FY2025 | CAD 12.2B | CAD 2.4B |
| FY2024 | CAD 11.5B | CAD 2.8B |
| FY2023 | CAD 11.5B | CAD 3.4B |
| FY2022 | CAD 11.0B | CAD 3.0B |
| FY2021 | CAD 9.4B | CAD 2.7B |
| FY2020 | CAD 8.9B | CAD 2.1B |
| FY2019 | CAD 8.8B | CAD 2.3B |
| FY2018 | CAD 8.4B | CAD 2.2B |
| FY2017 | CAD 8.3B | CAD 2.3B |
| FY2016 | CAD 6.8B | CAD 2.4B |
Bottom line
| Fiscal year | FTS | TAC |
|---|---|---|
| FY2025 | CAD 2.0B | CAD -138.0M |
| FY2024 | CAD 1.8B | CAD 229.0M |
| FY2023 | CAD 1.7B | CAD 695.0M |
| FY2022 | CAD 1.5B | CAD 50.0M |
| FY2021 | CAD 1.4B | CAD -537.0M |
| FY2020 | CAD 1.4B | CAD -287.0M |
| FY2019 | CAD 1.9B | CAD 82.0M |
| FY2018 | CAD 1.3B | CAD -198.0M |
| FY2017 | CAD 1.1B | CAD -160.0M |
| FY2016 | CAD 713.0M | CAD 169.0M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 9,765,000,000 | FTS |
| FY2024 | +CAD 8,663,000,000 | FTS |
| FY2023 | +CAD 8,162,000,000 | FTS |
| FY2022 | +CAD 8,067,000,000 | FTS |
| FY2021 | +CAD 6,727,000,000 | FTS |
| FY2020 | +CAD 6,834,000,000 | FTS |
| FY2019 | +CAD 6,436,000,000 | FTS |
| FY2018 | +CAD 6,141,000,000 | FTS |
| FY2017 | +CAD 5,994,000,000 | FTS |
| FY2016 | +CAD 4,441,000,000 | FTS |
| FY2015 | +CAD 4,490,000,000 | FTS |
FTS has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +22.7 pp | FTS |
| FY2024 | +7.5 pp | FTS |
| FY2023 | −8.9 pp | TAC |
| FY2022 | +8.3 pp | FTS |
| FY2021 | +30.5 pp | FTS |
| FY2020 | +27.6 pp | FTS |
| FY2019 | +13.6 pp | FTS |
| FY2018 | +19.3 pp | FTS |
| FY2017 | +18.7 pp | FTS |
| FY2016 | −1.1 pp | TAC |
| FY2015 | +7.3 pp | FTS |
The higher net margin has changed hands between FTS and TAC over this period.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAC's net margin has been more volatile than FTS's over the 11 comparable fiscal years — 11.0 percentage points of standard deviation against 2.5.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FTS and TAC over these 11 fiscal years — FTS led in 9 and TAC in 2.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAC's return on equity has been more volatile than FTS's over the 7 comparable fiscal years — 23.3 percentage points of standard deviation against 1.0.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between FTS and TAC over these 7 fiscal years — FTS led in 5 and TAC in 2.
7 of 11 comparable fiscal years — a year missing data on either side is not counted.