Fortis/$FTS
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About Fortis
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving roughly 3.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
Ticker
$FTS
Sector
Primary listing
NYSE
Employees
9,800
Headquarters
Saint John's, Canada
Website
Fortis Metrics
BasicAdvanced
$25B
19.81
$2.47
0.32
$1.75
3.63%
Price and volume
Market cap
$25B
Beta
0.32
52-week high
$51.45
52-week low
$40.32
Average daily volume
543K
Dividend rate
$1.75
Financial strength
Current ratio
0.579
Quick ratio
0.314
Long term debt to equity
121.372
Total debt to equity
132.101
Dividend payout ratio (TTM)
47.41%
Interest coverage (TTM)
2.28%
Profitability
EBITDA (TTM)
4,010.001
Gross margin (TTM)
45.80%
Net profit margin (TTM)
14.98%
Operating margin (TTM)
29.54%
Effective tax rate (TTM)
16.59%
Revenue per employee (TTM)
$879,960
Management effectiveness
Return on assets (TTM)
3.10%
Return on equity (TTM)
7.69%
Valuation
Price to earnings (TTM)
19.807
Price to revenue (TTM)
2.833
Price to book
1.54
Price to tangible book (TTM)
4.31
Price to free cash flow (TTM)
-18.258
Free cash flow yield (TTM)
-5.48%
Free cash flow per share (TTM)
-2.683
Dividend yield (TTM)
3.58%
Forward dividend yield
3.63%
Growth
Revenue change (TTM)
4.22%
Earnings per share change (TTM)
6.60%
3-year revenue growth (CAGR)
5.54%
10-year revenue growth (CAGR)
6.47%
3-year earnings per share growth (CAGR)
8.80%
10-year earnings per share growth (CAGR)
4.39%
3-year dividend per share growth (CAGR)
4.89%
10-year dividend per share growth (CAGR)
6.31%
What the Analysts think about Fortis
Analyst ratings (Buy, Hold, Sell) for Fortis stock.
Bulls say / Bears say
Net earnings increased 16% year-over-year to C$384 million ($0.76 per share) in Q2 2025, fueled by rate base growth across utilities and a stronger U.S. dollar, demonstrating strong regulated earnings momentum (GlobeNewswire).
Fortis commissioned the 200 MW Roadrunner Reserve I battery storage project at Tucson Electric Power in July 2025, strengthening grid resilience and boosting renewable energy integration capacity (GlobeNewswire).
Fitch Ratings gave Fortis an initial issuer and senior unsecured debt rating of BBB+ with a stable outlook in May 2025, indicating a strong investment-grade credit profile (GlobeNewswire).
Lower allowed return on equity at FortisAlberta and the expiration of a regulatory incentive reduced earnings growth, limiting net income gains in Q2 2025 (GlobeNewswire).
Higher holding company finance costs partially offset the benefits of rate base growth, putting pressure on consolidated earnings and cash flow in the first half of 2025 (GlobeNewswire).
Fortis warned that interim greenhouse gas emissions reduction targets of 50% by 2030 and 75% by 2035 are likely to be extended due to significant load growth and policy uncertainty, highlighting potential environmental transition risks (GlobeNewswire).
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
Fortis Financial Performance
Revenues and expenses
Fortis Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Fortis stock?
Fortis (FTS) has a market cap of $25B as of September 17, 2025.
What is the P/E ratio for Fortis stock?
The price to earnings (P/E) ratio for Fortis (FTS) stock is 19.81 as of September 17, 2025.
Does Fortis stock pay dividends?
Yes, the Fortis (FTS) stock pays dividends to shareholders. As of September 17, 2025, the dividend rate is $1.75467 and the yield is 3.63%. Fortis has a payout ratio of 47.41% on a trailing twelve-month basis.
When is the next Fortis dividend payment date?
The next Fortis (FTS) dividend payment date is unconfirmed.
What is the beta indicator for Fortis?
Fortis (FTS) has a beta rating of 0.32. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.