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FTS · NYSE · United States · Electric Services
In shortFortis Inc. is profitable, burns cash and carries moderate debt, with revenue growing (+5.8% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 28.7% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.1% | 76/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.2% | 36/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.0% | 34/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.51× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.42× | 32/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 6.04× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.36× | 8/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.72 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -15.4% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -1.10× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 6.3% | 88/100 |
| Operating margin volatility | 1.7% | 94/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.3% | 35/100 |
|---|---|---|
| EPS growth, 3-year average | 6.9% | 60/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 9,448 | 11,043 | 11,517 | 11,508 | 12,170 |
| Cost of revenue | 2,951 | 3,952 | 3,771 | 3,249 | 3,371 |
| Gross profit | 6,497 | 7,091 | 7,746 | 8,259 | 8,799 |
| Operating income | 2,469 | 2,740 | 3,084 | 3,292 | 3,492 |
| Interest expense | 1,003 | 1,102 | 1,305 | 1,406 | 1,478 |
| Pre-tax income | 1,639 | 1,803 | 2,070 | 2,174 | 2,354 |
| Income tax | 234 | 289 | 360 | 346 | 393 |
| Net income | 1,231 | 1,330 | 1,506 | 1,606 | 1,714 |
| Diluted EPS | C$2.61 | C$2.78 | C$3.10 | C$3.24 | C$3.40 |
| Diluted shares (millions) | 471 | 479 | 487 | 495 | 504 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.72 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 12, 2026