Fortis Inc. (FORFF) income statement

FORFFOTCElectric ServicesFiscal year ends December 31Also trades as FINCF, FRTJF, FRTSF, FTPSF, FTRSF, FTS

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 40-F on Feb 12, 2026Score 1/30

$15.73+0.00 (0.00%)

Close on Oct 19, 2026Market cap $29.77BP/E 24.1Yield 3.06%

Fortis Inc. income statement

Annual QuarterlyTTM

CAD USD

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	8,710	8,401	8,535	8,486	7,538	6,657	6,619	6,475	6,393	5,164	5,282
Cost of Revenue	2,413	2,372	2,794	3,037	2,355	1,909	1,899	1,926	1,818	–	–
Gross Profit	6,297	6,029	5,740	5,449	5,184	4,748	4,720	4,550	4,575	–	–
Operating Expenses	2,326	2,219	2,141	2,062	2,013	1,816	1,848	1,765	1,733	1,534	1,465
Total Costs & Expenses	6,211	5,998	6,249	6,380	5,568	4,788	4,764	4,650	4,459	4,044	4,173
Operating Income	2,499	2,403	2,285	2,105	1,970	1,869	2,289	1,825	1,934	1,120	1,109
Interest Expense	1,058	1,026	967	847	800	776	780	752	704	512	432
Interest & Investment Income	–	–	–	–	–	9.69	12	12	11	5.29	6.25
Income from Equity Investments	11	10	10	–	5.59	15	-0.75	–	–	–	–
Other Non-Operating Income	243	210	216	127	138	115	104	46	89	1.51	154
Asset Impairment Charges	0	0	0	0	0	0	0	0	0	0	0
Gain (Loss) on Sale of Assets	-23	0	17	0	–	0	439	0	–	0	48
Pretax Income	1,685	1,587	1,534	1,385	1,308	1,207	1,613	1,120	1,319	648	831
Income Tax Expense	281	253	267	222	187	172	218	127	453	109	174
Net Income incl. Noncontrolling Interests	1,403	1,334	1,267	1,163	1,121	1,035	1,396	993	866	538	657
Minority Interest in Earnings	116	108	102	92	89	86	98	93	75	40	27
Preferred Dividends	61	54	50	49	50	48	50	51	50	57	60
Net Income to Common	1,227	1,172	1,116	1,022	982	901	1,247	849	742	442	569
EPS (Basic)(per share)	2.43	2.37	2.30	2.14	2.08	1.94	2.86	2.00	1.79	1.43	2.04
EPS (Diluted)(per share)	2.43	2.37	2.30	2.14	2.08	1.94	2.85	2.00	1.78	1.43	2.02
Shares Outstanding (Basic, Weighted)(shares)	504	495	486	479	471	465	437	425	416	309	279
Shares Outstanding (Diluted, Weighted)(shares)	504	495	487	479	471	465	438	425	416	313	285
Dividend per Share(per share)	1.80	1.76	1.71	1.69	1.66	1.46	1.40	1.35	1.27	1.17	1.12
EBITDA	3,971	3,810	3,599	3,387	3,171	2,932	3,307	2,785	2,842	1,862	1,792

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 72.3%
Operating margin: 28.7%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.56
Debt to equity: 1.42
Debt to assets: 45.7%
Cash to current liabilities: 5.2%

Valuation

P/E ratio: 24.1
Price to sales: 3.42
Price to book: 1.65
Dividend yield: 3.06%