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MARKETS / NYSE / FTS
NYSE · ELECTRIC SERVICES

Fortis Inc. FTS

11 fiscal years on record · CAD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
CAD 11.9B
▲ 5.8% YoY
CAD 2.0B
▲ 7.3% YoY
CAD -1.9B
Growth
CAD 11.9B
Revenue, FY2025 · full 11-year series below
Revenue CAD B Net income CAD B
FY2025 · Revenue 11.9 · Net income 2.0
4B8B201520172019202120232025
Compound annual growth
+2.9%
+6.4%
+5.8%
+9.0%
+7.1%
+8.8%
+6.9%
+5.5%
+4.5%
+5.0%
+5.4%
+0.1%
+13.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.4% a year over five years — but profit grew faster: net income at +7.1%, earnings per share at +5.5%.

The share count rose from 0.47B to 0.51B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
16 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 29.3% · Net 16.5%
10%20%30%201520172019202120232025
ROE
FY2025 · ROE 8.2%
5%10%201520172019202120232025

Each CAD of equity produced 8 cents of profit this year.

Cash & shareholders
CAD 788.0M
returned in FY2025 · dividends + net buybacks
Free cash flow CAD B
FY2025 · FCF -1.9
-0.8B-1.6B201520172019202120232025
Net buybacks CAD M Dividends CAD M
FY2025 · Dividends 788.0 · Net buybacks —
400M201520172019202120232025
Dividends paidCAD 788.0M
Net buybacks
Share of profit40.2%
Consecutive raises9 years (since the 2016 share-count change)

CAD 788.0M in dividends — 40% of the year's profit went back to shareholders.

Total assetsCAD 74.8B
EquityCAD 23.8B
CashCAD 367.0M
Gross debtCAD 33.9B
Net debtCAD 33.5B
Current ratio0.51×

Net debt stands at 141% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue CAD B11.911.211.210.99.38.78.68.38.26.86.8
Operating income CAD B3.53.33.12.72.52.53.02.42.51.51.4
EBITDA CAD B5.55.24.94.44.03.94.43.63.72.52.3
Income tax CAD B0.40.30.40.30.20.20.30.20.60.10.2
Net income CAD B2.01.81.71.51.41.41.91.31.10.70.8
Free cash flow CAD B−1.9−1.1−0.4−0.5−0.3−1.2−0.8−0.4−0.1−0.0−0.5
EPS, diluted CAD 3.403.243.102.782.612.603.782.592.311.892.59
Dividend / sh CAD 2.512.412.312.202.081.971.851.751.651.551.43
Payout %40414144435727···28
ROE %8.28.18.07.57.47.510.6···8.5
Shares out B0.510.500.490.480.470.470.460.430.420.400.28

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 44 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric Services
Listed onNYSE
Incorporated inoutside the United States — SEC code A4
Fiscal year endsDecember 31
Data on record since2015

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