Fortis FTS
- Market cap
- $26.9B
- P/E
- 21.5×
Follow FTS
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24.63 | 30.53 | 30.88 | 32.85 | 28.59 | 38.49 | 34.76 | 36.30 | 36.86 | 40.32 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 34.66 | 38.24 | 36.76 | 42.80 | 44.72 | 48.39 | 51.66 | 46.28 | 46.06 | 52.83 |
High Price
|
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| 8,425 | 8,534 | 8,800 | 8,970 | 8,961 | 9,095 | 9,200 | 9,600 | 9,848 | 9,926 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 5,164 | 6,403 | 6,473 | 6,619 | 6,670 | 7,539 | 8,494 | 8,532 | 8,399 | 8,710 |
Revenue
|
|||
| 36.06% | 44.32% | 43.00% | 43.39% | 44.05% | 42.06% | 39.92% | 42.17% | 45.35% | 45.60% |
Gross Margin
|
|||
| 648 | 1,321 | 1,119 | 1,613 | 1,209 | 1,308 | 1,387 | 1,533 | 1,587 | 1,685 |
EBT
|
|||
| 12.55% | 20.64% | 17.29% | 24.38% | 18.13% | 17.35% | 16.33% | 17.97% | 18.89% | 19.34% |
EBT Margin
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| 538 | 868 | 992 | 1,396 | 1,037 | 1,121 | 1,165 | 1,267 | 1,334 | 1,403 |
Net Income
|
|||
| 742 | 909 | 959 | 1,017 | 1,066 | 1,201 | 1,283 | 1,313 | 1,406 | 1,472 |
Depreciation
|
|||
| 16.72 | 15.41 | 15.24 | 15.15 | 14.35 | 16.01 | 17.75 | 17.54 | 16.97 | 17.30 |
Revenue/Sh
|
|||
| 1.43 | 1.79 | 1.97 | 2.86 | 2.00 | 2.09 | 2.14 | 2.29 | 2.36 | 2.43 |
Earnings/Sh
|
|||
| 4.61 | 5.12 | 4.73 | 4.59 | 4.34 | 4.93 | 4.94 | 5.40 | 5.72 | 5.77 |
Cash Flow/Sh
|
|||
| (4.92) | (5.60) | (5.85) | (6.42) | (6.49) | (5.74) | (6.21) | (6.35) | (7.69) | (8.86) |
Capex/Sh
|
|||
| (0.31) | (0.49) | (1.12) | (1.82) | (2.15) | (0.81) | (1.27) | (0.95) | (1.97) | (3.09) |
Free CF/Sh
|
|||
| 40.22 | 31.10 | 33.53 | 34.70 | 32.58 | 35.44 | 36.71 | 35.54 | 38.12 | 36.77 |
Book Value/Sh
|
|||
| 309 | 416 | 425 | 437 | 465 | 471 | 479 | 486 | 495 | 504 |
Shares
|
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| 21.64 | 20.33 | 16.60 | 14.22 | 20.93 | 23.32 | 19.01 | 17.84 | 17.61 | 21.29 |
PE Ratio
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| 1.84 | 2.36 | 2.19 | 2.74 | 2.84 | 3.02 | 2.28 | 2.34 | 2.45 | 3.00 |
PS Ratio
|
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| 0.85 | 1.30 | 1.09 | 1.30 | 1.36 | 1.48 | 1.19 | 1.24 | 1.16 | 1.51 |
PB Ratio
|
|||
| 5.12 | 4.90 | 5.07 | 5.33 | 5.60 | 5.74 | 4.89 | 4.89 | 5.36 | 5.82 |
EV/Sales
|
|||
| (275.46) | (155.09) | (69.33) | (44.29) | (37.37) | (113.30) | (68.26) | (90.23) | (46.13) | (32.60) |
EV/FCF
|
|||
| 1,423 | 2,126 | 2,009 | 2,007 | 2,016 | 2,319 | 2,365 | 2,626 | 2,833 | 2,907 |
Op' Cash Flow
|
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| (1,519) | (2,328) | (2,483) | (2,803) | (3,015) | (2,702) | (2,973) | (3,088) | (3,808) | (4,462) |
Capex
|
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| (96) | (202) | (474) | (797) | (999) | (382) | (608) | (462) | (975) | (1,555) |
FCF
|
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| (1,343) | (1,001) | (765) | (1,207) | (1,147) | (1,655) | (1,806) | (1,436) | (1,635) | (2,654) |
Working Cap'
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| 17,130 | 16,478 | 18,929 | 17,420 | 18,536 | 20,678 | 22,308 | 22,216 | 24,561 | 24,784 |
Total Debt
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| 16,927 | 16,226 | 18,673 | 17,141 | 18,350 | 20,573 | 22,147 | 21,753 | 24,401 | 24,521 |
Net Debt
|
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| 12,423 | 12,920 | 14,239 | 15,157 | 15,142 | 16,689 | 17,570 | 17,284 | 18,868 | 18,514 |
Sh' Equity
|
|||
| 1.50% | 2.03% | 2.18% | 3.07% | 2.21% | 2.25% | 2.14% | 2.27% | 2.29% | 2.29% |
ROA
|
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| 2.38% | 4.14% | 3.46% | 4.43% | 3.49% | 3.30% | 3.32% | 3.66% | 3.47% | 3.63% |
ROIC
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| 4.94% | 6.50% | 6.88% | 9.27% | 6.48% | 6.70% | 6.45% | 6.89% | 6.94% | 7.00% |
ROE
|
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Fortis peers in Utilities Regulated Electric
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| PCG Pacific Gas & Electric Co. | $27.1B | 8.9× | Compare |
| AEE Ameren Corporation | $27.5B | 17.3× | Compare |
| DTE DTE Energy Company | $25.2B | 19.1× | Compare |
| FE FirstEnergy Corporation | $25.1B | 23.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| CNP CenterPoint Energy, Inc. | $24.3B | 21.7× | Compare |
| PPL PPL Corporation | $24.1B | 18.8× | Compare |
| ES Eversource Energy | $24.0B | 16.5× | Compare |
| WEC WEC Energy Group, Inc. | $32.9B | 19.5× | Compare |
Fortis (FTS) key facts
- Fortis (FTS) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
- Fortis' revenue for fiscal 2025 (year ended December 2025) was CAD 8.7 billion, up 3.71% from fiscal 2024.
- As of September 25, 2026, FTS traded at $53.09, a market capitalization of $26.9 billion.
- Fortis pays an annual dividend of $1.75 per share, a yield of 4.35%, with a payout ratio of 75.3%.
- Return on equity was 7.00% and debt-to-equity 1.32.
Fortis (FTS) Latest News
7 Aug
Fortis (FTS) held its Q2 2026 earnings call covering quarterly financial results, operations and forward outlook. Quarterly earnings calls deliver performance updates and guidance that influence near-term valuation.
31 Jul
Fortis Inc (FTS) posted EPS growth in its Q2 2026 earnings call, supported by ongoing strategic expansion initiatives. EPS growth combined with strategic expansion points to moderately improved financial results and positioning for Fortis.
Fortis Q2 earnings call highlighted financial results, operational updates and management outlook for the utility. Quarterly earnings details offer moderate insight into performance and guidance but rarely shift long-term trajectory.
Fortis Inc. reported its second quarter 2026 financial results. Quarterly earnings releases deliver financial performance data that can shift near-term investor sentiment for utilities.
24 Jul
Fortis (FTS) is scheduled to release earnings next week. Earnings release next week may moderately affect Fortis stock performance and sentiment.
10 May
Fortis reported Q1 earnings call highlights, including financial results, operational updates, and reaffirmed 2024 guidance amid stable utility performance. Q1 earnings highlights affect quarterly financials and investor sentiment but align with steady utility sector expectations.
9 May
Fortis Inc. (TSE:FTS) released first-quarter earnings, with analysts providing their assessments of the results. Q1 earnings release and analyst reactions significantly shape Fortis's investor sentiment and stock trajectory.
6 May
Fortis beat first-quarter earnings forecasts as its capital investment program advances. Beating Q1 earnings forecasts and advancing capital investments boosts financial performance and supports long-term growth trajectory.
Fortis Inc. released first quarter 2026 results, reporting key financial metrics and operational updates for the period. Quarterly earnings releases provide critical insights into financial health, influencing short-to-medium term market performance and investor sentiment.
29 Apr
Fortis (FTS) will report earnings next week, with Wall Street expecting growth. Upcoming earnings with expected growth may noticeably influence financial performance and investor sentiment.
16 Mar
Analyst upgrades and rising market expectations prompt reassessment of Fortis (TSX:FTS) valuation. Analyst upgrades moderately influence market sentiment and valuation perceptions without altering core operations.
15 Mar
Fortis (TSX:FTS) upgrades earnings outlook while elevated put activity surges, raising questions on shifting investor narrative. Upgraded earnings outlook boosts financial projections, balanced by elevated put activity signaling investor caution.
12 Mar
Fortis (FTS) stands out as a new buy stock due to its strong fundamentals, regulated utility operations, consistent dividend growth, and attractive valuation. Buy recommendation signals moderately positive investor sentiment toward Fortis's stable operations and growth potential.
20 Feb
Fortis and EBRD signed a mandate letter for the Sremska Mitrovica project in Serbia, advancing potential financing for energy infrastructure development. Mandate signing with EBRD for Serbian project signals moderate expansion into new markets, potentially boosting revenue but limited by project scale.
15 Feb
Analysts forecast for Fortis Inc. (TSE:FTS) after its yearly results. Analyst forecasts following yearly results moderately influence financial expectations and investor sentiment.
13 Feb
Fortis has announced a record capital expenditure of CA$28.8 billion and a dividend increase, which may influence its investment appeal. The significant capex is aimed at enhancing infrastructure and supporting growth, while the dividend hike reflects confidence in future earnings. Analysts are evaluating how these moves will affect Fortis' financial performance and market positioning in the utility sector. The substantial capital investment and dividend increase are likely to significantly impact Fortis' future performance and investor sentiment.
Fortis has been maintained at an 'Outperformer' rating by CIBC following its Q4 results, with the price target raised to C$80.00. The positive assessment reflects strong financial performance and growth prospects for the company. The raised price target and favorable rating indicate significant confidence in Fortis's future performance and market position.
Fortis has been maintained at a Sector Perform rating by RBC following its Q4 results, with the price target raised to C$80.00. The company's performance in the fourth quarter has led to a positive reassessment by analysts, reflecting confidence in its future prospects. The price target increase indicates a moderately positive outlook, but it does not suggest a transformative change in the company's trajectory.
12 Feb
Fortis reported its Q4 earnings, highlighting strong financial performance driven by increased demand for energy and successful project completions. The company emphasized its commitment to sustainability and infrastructure investments, which are expected to support future growth. Management provided guidance for the upcoming year, projecting continued revenue growth and stable dividends. Key initiatives include expanding renewable energy sources and enhancing grid reliability, positioning Fortis favorably in the evolving energy market. Significant strategic initiatives and a focus on sustainability are likely to alter the company's trajectory and investor sentiment.
Fortis Inc (FTS) reported strong growth in its Q4 2025 earnings call, highlighting strategic investments aimed at enhancing operational efficiency and expanding its service offerings. The company emphasized its commitment to sustainability and infrastructure development, which are expected to drive future revenue growth. Management provided insights into upcoming projects and initiatives that align with long-term goals, reinforcing confidence in Fortis's market position. Strategic investments and growth initiatives are likely to significantly impact Fortis's future performance and investor sentiment.
Fortis (FTS) reported its Q4 earnings, surpassing both earnings and revenue estimates. The company demonstrated strong financial performance, driven by increased demand and effective cost management strategies. This positive outcome reflects Fortis's robust operational capabilities and positions it favorably for future growth. Surpassing earnings and revenue estimates indicates significant operational strength and potential for future growth.
Fortis (FTS) reported Q4 earnings that exceeded expectations, driven by robust growth in its regulated utility segment. The company's performance reflects strong operational efficiency and strategic investments in infrastructure, contributing to an optimistic outlook for future earnings. Analysts noted the positive impact of regulatory frameworks supporting utility growth, which positions Fortis favorably in the market. Strong regulated utility growth and exceeding earnings expectations indicate significant positive momentum for future performance.
Fortis reported its Q4 earnings, showcasing a solid financial performance with increased revenues and net income compared to the previous year. The company highlighted its ongoing investments in infrastructure and renewable energy projects, which are expected to drive future growth. Management expressed confidence in meeting long-term financial targets and maintaining a stable dividend policy. Overall, the results reflect Fortis's commitment to sustainable energy solutions and operational efficiency. Significant investments in infrastructure and renewable energy are likely to enhance future growth and investor sentiment.
Fortis Inc. reported its financial results for the fourth quarter and the full year of 2025, highlighting significant growth in revenue and net income. The company attributed its performance to strong demand for energy and successful project completions. Fortis also announced plans for future investments aimed at enhancing its infrastructure and sustainability initiatives. The results reflect the company's commitment to delivering value to shareholders while addressing the evolving energy landscape. Significant growth in revenue and net income, along with future investment plans, indicate a major strategic move that could alter the company's trajectory.
Fortis Inc. has filed its year-end disclosure documents for 2025, providing detailed financial and operational information. The filings include insights into the company's performance, strategic initiatives, and future outlook, which are essential for investors and stakeholders to assess the company's trajectory. The filing of year-end disclosure documents typically influences investor sentiment and provides insights into financial performance, but it is not expected to fundamentally alter the company's trajectory.
11 Feb
Fortis Inc. has announced its second quarter dividends for 2026, reflecting the company's ongoing commitment to returning value to shareholders. The dividend declaration is part of Fortis's strategy to maintain a stable financial outlook and support its growth initiatives. Investors can expect the dividends to be paid on the specified dates, reinforcing Fortis's position in the market. The dividend announcement indicates a stable financial performance, which may influence investor sentiment but does not fundamentally alter the company's trajectory.
10 Feb
FirstEnergy is set to announce its Q4 earnings, with analysts anticipating insights into the company's financial performance and future outlook. Investors are keen to understand how the results will impact stock performance and market sentiment, particularly in light of recent regulatory changes and market dynamics affecting the utility sector. Earnings reports can moderately influence investor sentiment and financial performance, but broader market factors may balance the impact.
9 Feb
Eversource is set to report its Q4 earnings, with analysts anticipating insights into the company's financial performance and future outlook. Investors are keen to understand how the results may influence stock performance and market sentiment, particularly in light of ongoing regulatory and operational challenges. The earnings report is expected to provide clarity on revenue growth, cost management, and strategic initiatives that could impact Eversource's competitive positioning. Earnings reports typically influence market sentiment and can affect financial performance, but the overall impact is expected to be limited.
8 Feb
Fortis (TSX:FTS) has experienced a strong year characterized by steady utility returns, prompting a reassessment of its valuation. The company's performance has been bolstered by consistent revenue generation and strategic investments in infrastructure. Analysts are optimistic about Fortis's ability to maintain its growth trajectory, supported by regulatory frameworks and a focus on sustainable energy solutions. The outlook remains positive as Fortis continues to adapt to market demands and enhance its operational efficiency. Fortis's strong performance and strategic investments are likely to significantly influence its future trajectory and investor sentiment.
5 Feb
Fortis Inc. has announced a teleconference and webcast scheduled for February 12, where the company will discuss its 2025 annual results. This event aims to provide stakeholders with insights into the company's financial performance and strategic direction. The teleconference may influence investor sentiment and provide insights into Fortis's financial performance, but it is not expected to significantly alter the company's trajectory.