Fortis Inc. (FTS)
NYSE: FTS · Real-Time Price · USD
49.81
-0.42 (-0.84%)
Nov 3, 2025, 4:00 PM EST - Market closed
Fortis Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| 11,873 | 11,508 | 11,517 | 11,043 | 9,448 | 8,935 | Upgrade | |
Revenue Growth (YoY) | 4.22% | -0.08% | 4.29% | 16.88% | 5.74% | 1.73% | Upgrade |
Fuel & Purchased Power | 3,281 | 3,249 | 3,771 | 3,952 | 2,951 | 2,562 | Upgrade |
Depreciation & Amortization | 2,007 | 1,927 | 1,773 | 1,668 | 1,505 | 1,428 | Upgrade |
Other Operating Expenses | 3,078 | 2,967 | 2,827 | 2,591 | 2,478 | 2,406 | Upgrade |
Total Operating Expenses | 8,366 | 8,143 | 8,371 | 8,211 | 6,934 | 6,396 | Upgrade |
Operating Income | 3,507 | 3,365 | 3,146 | 2,832 | 2,514 | 2,539 | Upgrade |
Interest Expense | -1,536 | -1,480 | -1,361 | -1,147 | -1,042 | -1,083 | Upgrade |
Interest Income | 54 | 64 | 76 | 11 | 5 | 13 | Upgrade |
Net Interest Expense | -1,482 | -1,416 | -1,285 | -1,136 | -1,037 | -1,070 | Upgrade |
Income (Loss) on Equity Investments | 17 | 14 | 14 | - | - | 20 | Upgrade |
Currency Exchange Gain (Loss) | 14 | -10 | 4 | -9 | -11 | 11 | Upgrade |
Allowance for Equity Funds for Construction | 158 | 139 | 101 | 78 | 77 | 78 | Upgrade |
Allowance for Borrowed Funds for Construction | 74 | 74 | 56 | 45 | 39 | 41 | Upgrade |
Other Non-Operating Income (Expenses) | 27 | 8 | 34 | 11 | 53 | 1 | Upgrade |
EBT Excluding Unusual Items | 2,315 | 2,174 | 2,070 | 1,821 | 1,635 | 1,620 | Upgrade |
Gain (Loss) on Sale of Investments | - | - | - | -18 | 4 | - | Upgrade |
Pretax Income | 2,315 | 2,174 | 2,070 | 1,803 | 1,639 | 1,620 | Upgrade |
Income Tax Expense | 384 | 346 | 360 | 289 | 234 | 231 | Upgrade |
Earnings From Continuing Ops. | 1,931 | 1,828 | 1,710 | 1,514 | 1,405 | 1,389 | Upgrade |
Net Income to Company | 1,931 | 1,828 | 1,710 | 1,514 | 1,405 | 1,389 | Upgrade |
Minority Interest in Earnings | -153 | -148 | -137 | -120 | -111 | -115 | Upgrade |
Net Income | 1,778 | 1,680 | 1,573 | 1,394 | 1,294 | 1,274 | Upgrade |
Preferred Dividends & Other Adjustments | 79 | 74 | 67 | 64 | 63 | 65 | Upgrade |
Net Income to Common | 1,699 | 1,606 | 1,506 | 1,330 | 1,231 | 1,209 | Upgrade |
Net Income Growth | 8.75% | 6.80% | 12.84% | 7.73% | 1.57% | -26.02% | Upgrade |
Shares Outstanding (Basic) | 499 | 495 | 486 | 479 | 471 | 465 | Upgrade |
Shares Outstanding (Diluted) | 500 | 495 | 487 | 479 | 471 | 465 | Upgrade |
Shares Change (YoY) | 1.77% | 1.79% | 1.57% | 1.61% | 1.29% | 6.38% | Upgrade |
EPS (Basic) | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | 2.60 | Upgrade |
EPS (Diluted) | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | 2.60 | Upgrade |
EPS Growth | 6.60% | 4.62% | 11.44% | 6.47% | 0.39% | -31.22% | Upgrade |
Free Cash Flow | -1,522 | -1,130 | -441 | -513 | -282 | -1,156 | Upgrade |
Free Cash Flow Per Share | -3.05 | -2.28 | -0.91 | -1.07 | -0.60 | -2.48 | Upgrade |
Dividend Per Share | 2.435 | 2.385 | 2.290 | 2.170 | 2.050 | 1.938 | Upgrade |
Dividend Growth | 4.06% | 4.15% | 5.53% | 5.85% | 5.81% | 6.02% | Upgrade |
Profit Margin | 14.31% | 13.96% | 13.08% | 12.04% | 13.03% | 13.53% | Upgrade |
Free Cash Flow Margin | -12.82% | -9.82% | -3.83% | -4.64% | -2.99% | -12.94% | Upgrade |
EBITDA | 5,514 | 5,292 | 4,919 | 4,500 | 4,019 | 3,967 | Upgrade |
EBITDA Margin | 46.44% | 45.98% | 42.71% | 40.75% | 42.54% | 44.40% | Upgrade |
D&A For EBITDA | 2,007 | 1,927 | 1,773 | 1,668 | 1,505 | 1,428 | Upgrade |
EBIT | 3,507 | 3,365 | 3,146 | 2,832 | 2,514 | 2,539 | Upgrade |
EBIT Margin | 29.54% | 29.24% | 27.32% | 25.64% | 26.61% | 28.42% | Upgrade |
Effective Tax Rate | 16.59% | 15.92% | 17.39% | 16.03% | 14.28% | 14.26% | Upgrade |
Updated Aug 1, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.