Fortis Inc.

FORFFOTCUtilities● Active

$16.10

+$0.37(+2.35%)

Market Cap$8.2B

P/E Ratio—

52W High$17.5625

52W Low$14.02

Avg Volume19

Open$16.10

Beta0.43

Free Cash Flow Financials Revenue

Fortis Inc. (FORFF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FORFF · free cash flow · updated Jun 8, 2026

Core FCF metrics

FORFF · FCF · TTM · margin & CAGR

Free cash flow was −$2.17B for FY2025 (fiscal year ending 2025-12-31), down 62.6% year-over-year The FCF margin was -17.9%.

FY2025 Free Cash Flow−$2.17B▼ -62.6% YoY

Trailing 12M (TTM)−$2.15Btrailing 4 quarters sum

FCF Margin-17.9%−$2.17B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FORFF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.06B(6.23B)−$2.17B▼ 62.6%-17.9%

FY2024$3.88B(5.22B)−$1.34B▼ 114.1%-11.6%

FY2023$3.54B(4.17B)−$624.0M▲ +21.1%-5.4%

FY2022$3.07B(3.87B)−$791.0M▼ 65.1%-7.2%

FY2021$2.91B(3.39B)−$479.0M▲ +64.2%-5.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FORFF · P/FCF · FCF yield · FCF per share

Fortis Inc. (FORFF) reported negative free cash flow of −$2.17B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FORFF · cash flow statement · operating / investing / financing

For FY2025, Fortis Inc. generated $4.06B in operating cash flow and spent 6.23B in capital expenditures, yielding −$2.17B in free cash flow.

Operating Activities

+$4.06B

Cash from core business operations

2025-12-31

Investing Activities

−$5.36B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.46B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.06B) − |CapEx| (6.23B) = FCF (−$2.17B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

FORFF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Fortis Inc.YOU

FORFF

−$2.17B-62.6%-17.8%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Fortis Inc. (FORFF) reported free cash flow of −$2.17B for FY2025 (fiscal year ending 2025-12-31), down 62.6% year-over-year. The FCF margin was -17.9%.

Fortis Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 15 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FORFF free cash flow · 8 questions

Fortis Inc. free cash flow was −$2.17B for FY2025, down 62.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$2.15B.

FORFF free cash flowFORFF FCFFORFF FCF 2025FORFF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Fortis Inc. · Fortis Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026