Fortis Inc.
FTSNYSEUtilities● Active
$54.93
$-0.97(-1.74%)
Market Cap$28.0B
P/E Ratio—
52W High$58.78
52W Low$46.46
Fortis Inc. (FTS) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · FTS · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $12.17B | $11.51B | $11.52B | $11.04B | $9.45B |
| Cost of Revenue | $3.37B | $3.25B | $3.77B | $3.95B | $2.95B |
| Gross Profit | $8.80B | $8.26B | $7.75B | $7.09B | $6.50B |
| Gross Margin %(computed) | 72.30% | 71.77% | 67.26% | 64.21% | 68.77% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Total Operating Expenses | $5.31B | $4.97B | $4.66B | $4.35B | $4.03B |
| Operating Income | $3.49B | $3.29B | $3.08B | $2.74B | $2.47B |
| Operating Margin %(computed) | 28.69% | 28.61% | 26.78% | 24.81% | 26.13% |
| Interest Income | $0.04B | $0.06B | $0.08B | $0.01B | $0.01B |
| Interest Expense | $1.48B | $1.41B | $1.30B | $1.10B | $1.00B |
| Income Before Tax | $2.35B | $2.17B | $2.07B | $1.80B | $1.64B |
| Income Tax Expense | $0.39B | $0.35B | $0.36B | $0.29B | $0.23B |
| Net Income | $1.80B | $1.68B | $1.57B | $1.39B | $1.29B |
| Net Margin %(computed) | 14.78% | 14.60% | 13.66% | 12.62% | 13.70% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $3.40 | $3.24 | $3.10 | $2.78 | $2.61 |
| Wtd Avg Shares | 0.53B | 0.49B | 0.49B | 0.48B | 0.47B |
| EBITDA | $5.89B | $5.51B | $5.15B | $4.57B | $4.15B |
| EBITDA Margin %(computed) | 48.39% | 47.85% | 44.70% | 41.41% | 43.89% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · CAD · B
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About Fortis Inc. (FTS) Income Statement
Fortis Inc. (FTS) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, FTS reported revenue of $12.17B, gross profit of $8.80B (gross margin 72.30%), and net income of $1.80B — a net profit margin of 14.78%.
Frequently asked questions
FTS · 4 questionsFortis Inc. (FTS) reported revenue of $12.17B for 2025, up 5.8% year-over-year.
FTS revenueFTS salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08