Fortis Inc. (FORFF) stock
FORFFOTCElectric ServicesFiscal year ends December 31Also trades as FINCF, FRTJF, FRTSF, FTPSF, FTRSF, FTS
$15.73+0.00 (0.00%)
Close on Oct 19, 2026Market cap $29.77BP/E 24.1Yield 3.06%
Fortis gross margin
Gross margin is gross profit as a percentage of revenue.
For fiscal 2025 it was 72.3%, against 71.8% the year before. The highest annual figure on record is 72.3% in fiscal 2025.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 72.3% | +0.5 |
| FY2024 | Dec 31, 2024 | 71.8% | +4.5 |
| FY2023 | Dec 31, 2023 | 67.3% | +3.0 |
| FY2022 | Dec 31, 2022 | 64.2% | −4.6 |
| FY2021 | Dec 31, 2021 | 68.8% | −2.6 |
| FY2020 | Dec 31, 2020 | 71.3% | +0.0 |
| FY2019 | Dec 31, 2019 | 71.3% | +1.0 |
| FY2018 | Dec 31, 2018 | 70.3% | −1.3 |
| FY2017 | Dec 31, 2017 | 71.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 75.5% | +7.5 |
| Q2 FY2025 | Jun 30, 2025 | 74.6% | +2.5 |
| Q2 FY2024 | Jun 30, 2024 | 73.3% | −2.0 |
| Q2 FY2023 | Jun 30, 2023 | 69.7% | −5.2 |
| Q2 FY2022 | Jun 30, 2022 | 68.0% | −6.0 |
| Q2 FY2021 | Jun 30, 2021 | 72.2% | – |
| Q2 FY2020 | Jun 30, 2020 | 75.3% | – |
| Q2 FY2019 | Jun 30, 2019 | 74.8% | – |
| Q2 FY2018 | Jun 30, 2018 | 74.0% | – |