Fortis/$FTS
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Fortis
Fortis owns and operates eight transmission and distribution utility subsidiaries in Canada and the United States, serving 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
- Utilities
- Primary listing
- NYSE
- Employees
- 9,900
- Headquarters
- St. John's, Canada
- Website
- www.fortisinc.com
Fortis Metrics
BasicAdvanced
$28B
22.56
$2.40
0.43
$1.85
3.41%
Price and volume
Market cap
$28B
Beta
0.43
52-week high
$59.40
52-week low
$49.60
Average daily volume
813K
Dividend rate
$1.85
Financial strength
Current ratio
0.562
Quick ratio
0.304
Long term debt to equity
1.198
Total debt to equity
1.323
Dividend payout ratio (TTM)
50.25%
Interest coverage (TTM)
2.25%
Profitability
EBITDA (TTM)
4,010.284
Gross margin (TTM)
45.36%
Net profit margin (TTM)
14.70%
Operating margin (TTM)
29.07%
Effective tax rate (TTM)
15.85%
Revenue per employee (TTM)
$880,370
Management effectiveness
Return on assets (TTM)
2.96%
Return on equity (TTM)
7.47%
Valuation
Price to earnings (TTM)
22.557
Price to revenue (TTM)
3.151
Price to book
1.66
Price to tangible book (TTM)
4.37
Price to free cash flow (TTM)
-17.942
Free cash flow yield (TTM)
-5.57%
Free cash flow per share (TTM)
-3.011
Dividend yield (TTM)
3.43%
Forward dividend yield
3.41%
Growth
Revenue change (TTM)
4.03%
Earnings per share change (TTM)
0.01%
3-year revenue growth (CAGR)
2.01%
10-year revenue growth (CAGR)
6.53%
3-year earnings per share growth (CAGR)
4.76%
10-year earnings per share growth (CAGR)
5.64%
3-year dividend per share growth (CAGR)
4.37%
10-year dividend per share growth (CAGR)
5.60%
What the Analysts think about Fortis
Analyst ratings (Buy, Hold, Sell) for Fortis stock.
Analyst projections of the future price of Fortis stock.
Bulls say / Bears say
Fortis has a visible regulated growth runway: its C$28.8 billion 2026–2030 capital plan is expected to lift rate base from C$42.4 billion to C$57.9 billion, implying 7% annual growth. Management links this to 4–6% annual dividend growth through 2030. (Markets Insider)
Execution is currently on track. Fortis invested C$2.7 billion in the first half of 2026, remains on pace for its C$5.6 billion full-year plan, and second-quarter earnings rose to C$396 million from C$384 million a year earlier. (Markets Insider)
There is upside beyond the existing plan. British Columbia approved the Tilbury LNG Phase 1B expansion with a potential regulated investment allowance of up to C$2.2 billion, while ITC is progressing additional US transmission projects linked to large-load and data-centre demand. (The Motley Fool, Markets Insider)
The growth plan is funding-intensive. Fortis subsidiaries issued C$2.1 billion of long-term debt in the first half, and Morningstar DBRS flags higher funding costs and supply-chain exposure as risks even though it expects the credit profile to remain stable. (Morningstar DBRS, The Motley Fool)
Regulatory lag can hold back earnings. Fortis said some costs at UNS Energy were not yet reflected in customer rates, while the TEP rate case was delayed until November, leaving the timing and size of the recovery uncertain. (BNN Bloomberg, The Motley Fool)
The shares remain sensitive to bond yields and may not have a wide valuation cushion. Recent analysis put Fortis at roughly 20 times forward earnings after a pullback, while noting that higher yields can both pressure the share valuation and raise refinancing costs. (The Motley Fool Canada)
Data summarised monthly by Lightyear AI. Last updated on 25 Sept 2026.
Fortis Financial Performance
Revenues and expenses
Fortis Earnings Performance
Company profitability
Upcoming events
No upcoming events
Fortis News
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Funds containing Fortis
AllEURUSDGBP
Fund name | Fund size | $FTS weighting |
|---|---|---|
SPDR MSCI World Utilities€WUTI | €72M | 1.27% |
Xtrackers MSCI World Utilities$XDWU | $959M | 1.26% |
iShares MSCI Canada€SXR2 | €2.1B | 0.90% |
iShares MSCI Canada£CSCA | £1.8B | 0.90% |
iShares Global Infrastructure€INFR | €2.1B | 0.85% |
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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