Fortis Inc. (TSX:FTS)
Canada · Delayed Price · Currency is CAD 79.80
-0.75 (-0.93%)
Jul 31, 2026, 4:00 PM EST
Fortis Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 12,351 | 12,170 | 11,508 | 11,517 | 11,043 | 9,448 | |
Revenue Growth | 4.03% | 5.75% | -0.08% | 4.29% | 16.88% | 5.74% |
Fuel & Purchased Power | 3,407 | 3,371 | 3,249 | 3,771 | 3,952 | 2,951 |
Depreciation & Amortization | 2,104 | 2,057 | 1,927 | 1,773 | 1,668 | 1,505 |
Other Operating Expenses | 3,262 | 3,170 | 2,967 | 2,827 | 2,591 | 2,478 |
Total Operating Expenses | 8,773 | 8,598 | 8,143 | 8,371 | 8,211 | 6,934 |
Operating Income | 3,578 | 3,572 | 3,365 | 3,146 | 2,832 | 2,514 |
Interest Expense | -1,594 | -1,574 | -1,480 | -1,361 | -1,147 | -1,042 |
Interest Income | 43 | 43 | 64 | 76 | 11 | 5 |
Net Interest Expense | -1,551 | -1,531 | -1,416 | -1,285 | -1,136 | -1,037 |
Income (Loss) on Equity Investments | 15 | 15 | 14 | 14 | - | - |
Currency Exchange Gain (Loss) | 13 | 13 | -10 | 4 | -9 | -11 |
Allowance for Equity Funds for Construction | 174 | 174 | 139 | 101 | 78 | 77 |
Allowance for Borrowed Funds for Construction | 96 | 96 | 74 | 56 | 45 | 39 |
Other Non-Operating Income (Expenses) | 29 | 15 | 8 | 34 | 11 | 53 |
EBT Excluding Unusual Items | 2,354 | 2,354 | 2,174 | 2,070 | 1,821 | 1,635 |
Gain (Loss) on Sale of Investments | - | - | - | - | -18 | 4 |
Pretax Income | 2,354 | 2,354 | 2,174 | 2,070 | 1,803 | 1,639 |
Income Tax Expense | 373 | 393 | 346 | 360 | 289 | 234 |
Earnings From Continuing Ops. | 1,981 | 1,961 | 1,828 | 1,710 | 1,514 | 1,405 |
Minority Interest in Earnings | -166 | -162 | -148 | -137 | -120 | -111 |
Net Income | 1,815 | 1,799 | 1,680 | 1,573 | 1,394 | 1,294 |
Preferred Dividends & Other Adjustments | 85 | 85 | 74 | 67 | 64 | 63 |
Net Income to Common | 1,730 | 1,714 | 1,606 | 1,506 | 1,330 | 1,231 |
Net Income Growth | -0.57% | 6.73% | 6.64% | 13.23% | 8.04% | 1.82% |
Shares Outstanding (Basic) | 508 | 504 | 495 | 486 | 479 | 471 |
Shares Outstanding (Diluted) | 508 | 504 | 495 | 487 | 479 | 471 |
Shares Change | -0.56% | 1.72% | 1.79% | 1.57% | 1.61% | 1.29% |
EPS (Basic) | 3.41 | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 |
EPS (Diluted) | 3.40 | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 |
EPS Growth | -0.06% | 4.94% | 4.62% | 11.44% | 6.47% | 0.39% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,807 | -1,880 | -1,130 | -441 | -513 | -282 |
Free Cash Flow Per Share | -3.56 | -3.73 | -2.28 | -0.91 | -1.07 | -0.60 |
Dividend Per Share | 2.485 | 2.485 | 2.390 | 2.290 | 2.170 | 2.050 |
Dividend Growth | 105.37% | 3.98% | 4.37% | 5.53% | 5.85% | 5.81% |
Profit Margin | 14.01% | 14.08% | 13.96% | 13.08% | 12.04% | 13.03% |
Free Cash Flow Margin | -14.63% | -15.45% | -9.82% | -3.83% | -4.64% | -2.99% |
EBITDA | 5,682 | 5,629 | 5,292 | 4,919 | 4,500 | 4,019 |
EBITDA Margin | 46.00% | 46.25% | 45.98% | 42.71% | 40.75% | 42.54% |
D&A For EBITDA | 2,104 | 2,057 | 1,927 | 1,773 | 1,668 | 1,505 |
EBIT | 3,578 | 3,572 | 3,365 | 3,146 | 2,832 | 2,514 |
EBIT Margin | 28.97% | 29.35% | 29.24% | 27.32% | 25.64% | 26.61% |
Effective Tax Rate | 15.85% | 16.70% | 15.92% | 17.39% | 16.03% | 14.28% |