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Fortis Inc (FTS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · UTILITIES - REGULATED ELECTRIC · DATA UPDATED 2026-07-23

Fortis Inc (FTS) operates in the UTILITIES - REGULATED ELECTRIC industry and is headquartered in St. John's, Canada with about 9,900 employees. Its market capitalization is roughly $30 billion. In the fiscal year ended 2025-12-31, FTS reported $12.2B in revenue and $1.8B in net income.

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.

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FTS Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$12.2B	$12.2B	$11.5B	$11.5B	$11.0B	$9.4B	$8.9B	$8.8B	$8.4B	$8.3B	$6.8B	$6.8B	$5.4B	$4.0B	$3.7B	$3.7B	$3.7B	$3.6B	$3.9B	$2.7B	$1.5B
Gross Profit	$8.8B	$8.8B	$8.3B	$7.7B	$7.1B	$6.5B	$6.4B	$6.3B	$3.6B	$5.9B	$4.5B	$4.2B	$3.2B	$2.4B	$2.1B	$2.0B	$2.0B	$1.8B	$1.8B	$1.4B	$931M
Gross Margin %	72.2%	72.3%	71.8%	67.3%	64.2%	68.8%	71.3%	71.3%	43.0%	71.6%	65.8%	61.7%	59.3%	60.0%	58.4%	54.6%	54.0%	50.5%	45.9%	52.6%	63.3%
Operating Income (EBIT)	$3.5B	$3.5B	$3.3B	$3.1B	$2.7B	$2.5B	$2.5B	$3.0B	$2.4B	$2.5B	$1.5B	$1.4B	$1.0B	$852M	$794M	$775M	$740M	$701M	$700M	$541M	$355M
Operating Margin %	28.6%	28.7%	28.6%	26.8%	24.8%	26.1%	28.1%	34.6%	28.2%	30.2%	21.7%	21.0%	18.9%	21.1%	21.7%	20.7%	20.2%	19.3%	17.9%	19.9%	24.1%
Net Income	$1.8B	$1.8B	$1.7B	$1.6B	$1.4B	$1.3B	$1.3B	$1.7B	$1.2B	$1.0B	$660M	$805M	$379M	$410M	$362M	$357M	$313M	$280M	$259M	$199M	$149M
Net Margin %	14.7%	14.8%	14.6%	13.7%	12.6%	13.7%	14.3%	19.6%	13.9%	12.4%	9.7%	11.9%	7.0%	10.1%	9.9%	9.6%	8.5%	7.7%	6.6%	7.3%	10.1%
EBITDA	$5.9B	$5.9B	$5.5B	$5.1B	$4.6B	$4.1B	$4.1B	$4.5B	$3.7B	$3.7B	$2.5B	$2.3B	$1.7B	$1.4B	$1.3B	$1.2B	$1.2B	$1.1B	$1.0B	$814M	$533M
Earnings Per Share (EPS)	$3.42	$3.40	$3.39	$3.23	$2.91	$2.75	$2.80	$3.79	$2.74	$2.47	$2.11	$2.83	$1.68	$1.96	$1.90	$1.88	$1.67	$1.52	$1.49	$1.36	$1.39
Shares Outstanding (M)	508M	529M	495M	486M	479M	471M	455M	455M	425M	416M	313M	285M	226M	209M	191M	190M	187M	185M	174M	146M	107M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FTS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$3.4B	$3.1B	$2.9B	$2.8B	$3.3B	$2.9B	$2.8B	$2.7B
Gross Profit	$2.3B	$2.2B	$2.2B	$2.1B	$2.3B	$2.2B	$2.0B	$2.0B
Gross Margin %	68.5%	72.1%	74.2%	74.6%	68.8%	73.2%	73.4%	73.3%
Operating Income (EBIT)	$955M	$868M	$871M	$800M	$953M	$864M	$814M	$738M
Operating Margin %	28.1%	28.2%	29.6%	28.4%	28.5%	29.3%	29.4%	27.6%
Net Income	$523M	$444M	$431M	$404M	$520M	$415M	$439M	$349M
Net Margin %	15.4%	14.4%	14.7%	14.3%	15.6%	14.1%	15.8%	13.1%
EBITDA	$1.6B	$1.4B	$1.5B	$1.4B	$1.6B	$1.4B	$1.4B	$1.3B
Earnings Per Share (EPS)	$1.03	$0.73	$0.85	$0.81	$1.04	$0.84	$0.88	$0.71
Shares Outstanding (M)	508M	609M	505M	501M	501M	496M	496M	494M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FTS Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$4.0B	$4.1B	$3.9B	$3.5B	$3.1B	$2.9B	$2.7B	$2.7B	$2.6B	$2.8B	$1.9B	$1.7B	$982M	$899M	$976M	$904M	$732M	$637M	$663M	$373M	$263M
Capital Expenditures (CapEx)	$6.2B	$6.2B	$5.2B	$4.2B	$3.9B	$3.4B	$4.0B	$3.7B	$3.2B	$3.0B	$2.1B	$2.2B	$1.7B	$1.2B	$1.1B	$1.2B	$1.1B	$1.0B	$904M	$803M	$500M
Free Cash Flow (FCF)	($2.2B)	($2.2B)	($1.3B)	($624M)	($791M)	($479M)	($1.3B)	($1.1B)	($614M)	($268M)	($177M)	($570M)	($743M)	($276M)	($154M)	($270M)	($341M)	($387M)	($241M)	($430M)	($237M)
FCF Margin %	-18.3%	-17.8%	-11.6%	-5.4%	-7.2%	-5.1%	-15.0%	-12.0%	-7.3%	-3.2%	-2.6%	-8.4%	-13.8%	-6.8%	-4.2%	-7.2%	-9.3%	-10.6%	-6.2%	-15.8%	-16.1%
Dividends Paid	$891M	$873M	$818M	$768M	$737M	$671M	$851M	$561M	$525M	$484M	$388M	$309M	$256M	$237M	$216M	$189M	$230M	$161M	$176M	$134M	$77M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FTS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.1B	$1.0B	$1.0B	$804M	$1.2B	$962M	$1.3B	$814M
Capital Expenditures (CapEx)	$1.5B	$1.7B	$1.5B	$1.5B	$1.5B	$1.7B	$1.2B	$1.1B
Free Cash Flow (FCF)	($401M)	($676M)	($426M)	($740M)	($330M)	($731M)	$90M	($298M)
FCF Margin %	-11.8%	-22.0%	-14.5%	-26.3%	-9.9%	-24.8%	3.2%	-11.2%
Dividends Paid	$231M	$229M	$220M	$211M	$213M	$214M	$205M	$202M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FTS Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$76.9B	$74.8B	$73.5B	$65.9B	$64.3B	$57.7B	$55.5B	$53.4B	$53.1B	$47.8B	$47.9B	$28.8B	$26.2B	$17.9B	$14.9B	$13.6B	$12.9B	$12.2B	$11.2B	$10.3B	$5.4B
Cash & Cash Equivalents	$360M	$367M	$220M	$625M	$209M	$131M	$249M	$370M	$332M	$327M	$269M	$242M	$230M	$72M	$154M	$89M	$109M	$85M	$66M	$58M	$41M
Total Liabilities	$50.4B	$49.0B	$47.6B	$42.6B	$41.4B	$36.7B	$35.2B	$33.3B	$34.6B	$31.1B	$31.5B	$18.5B	$17.1B	$11.5B	$9.5B	$8.9B	$8.8B	$8.5B	$7.6B	$7.4B	$3.9B
Total Debt (Short + Long-Term)	$35.1B	$34.3B	$33.3B	$29.6B	$28.7B	$25.6B	$24.5B	$22.7B	$24.4B	$21.7B	$22.3B	$11.7B	$10.1B	$7.4B	$6.6B	$6.2B	$6.3B	$5.7B	$4.7B	$5.9B	$2.7B
Total Shareholders' Equity	$24.4B	$23.8B	$23.8B	$21.5B	$21.0B	$19.3B	$18.7B	$18.5B	$16.5B	$15.0B	$14.6B	$9.9B	$8.7B	$6.0B	$5.1B	$4.5B	$3.9B	$3.5B	$3.4B	$2.7B	$1.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FTS viewer.

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