Saturday 17 October 2026
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Fortis
FTS Utilities Utilities Regulated Electric
Fortis' revenue for fiscal 2025 (year ended December 2025) was $8.7 billion, up 3.71% from fiscal 2024. In the quarter to June 2026, revenue grew 4.02%, EPS grew 1.82%, free cash flow grew 29.5% and total debt rose 7.34%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years; insiders bought in the last twelve months.
55.76
1.10
+2.01%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.64 | 20.33 | 16.60 | 14.22 | 20.93 | 23.32 | 19.01 | 17.84 | 17.61 | 21.29 |
Piotroski F-Score |
— | 7 | 5 | 6 | 6 | 5 | 6 | 7 | 5 | 6 |
Altman Z-Score |
0.48 | 0.75 | 0.66 | 0.83 | 0.79 | 0.81 | 0.71 | 0.76 | 0.71 | 0.80 |
P/S ratio |
1.84 | 2.36 | 2.19 | 2.74 | 2.84 | 3.02 | 2.28 | 2.34 | 2.45 | 3.00 |
Altman Z″-Score (non-manufacturers) |
0.61 | 0.86 | 0.87 | 1.00 | 0.92 | 0.85 | 0.82 | 0.90 | 0.87 | 0.76 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
27.76 | 28.10 | 33.19 | 38.61 | 36.90 | 39.21 | 28.71 | 36.96 | 29.70 | 37.49 |
Beneish M-Score |
(2.36) | (2.70) | (2.41) | (2.61) | (2.58) | (2.43) | (2.18) | (2.88) | (2.63) | (2.73) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 24 |
P/B ratio |
0.85 | 1.30 | 1.09 | 1.30 | 1.36 | 1.48 | 1.19 | 1.24 | 1.16 | 1.51 |
Price to Tangible BV |
8.66 | 8.16 | 5.92 | 4.61 | 4.56 | 4.57 | 3.50 | 3.36 | 2.98 | 3.66 |
EV/Sales |
5.12 | 4.90 | 5.07 | 5.33 | 5.60 | 5.74 | 4.89 | 4.89 | 5.36 | 5.82 |
EV/EBITDA |
14.19 | 11.05 | 11.80 | 10.67 | 12.70 | 13.66 | 12.25 | 11.59 | 11.81 | 12.76 |
EV/Operating CF |
18.57 | 14.74 | 16.35 | 17.58 | 18.51 | 18.67 | 17.56 | 15.88 | 15.88 | 17.43 |
EV/FCF |
(275.46) | (155.09) | (69.33) | (44.29) | (37.37) | (113.30) | (68.26) | (90.23) | (46.13) | (32.60) |
Quick Ratio |
0.35 | 0.42 | 0.40 | 0.40 | 0.39 | 0.34 | 0.39 | 0.41 | 0.35 | 0.27 |
Current Ratio |
0.55 | 0.63 | 0.77 | 0.62 | 0.63 | 0.57 | 0.65 | 0.67 | 0.63 | 0.51 |
Net Debt/EBITDA |
9.09 | 5.72 | 6.71 | 5.18 | 6.25 | 6.49 | 6.53 | 6.05 | 6.41 | 6.17 |
Debt/Assets |
47.35% | 44.67% | 46.25% | 43.29% | 44.75% | 44.95% | 45.14% | 45.49% | 45.80% | 46.28% |
Debt/Equity |
1.38 | 1.28 | 1.33 | 1.15 | 1.22 | 1.24 | 1.27 | 1.29 | 1.30 | 1.34 |
Asset Turnover |
0.18 | 0.18 | 0.17 | 0.16 | 0.16 | 0.17 | 0.18 | 0.17 | 0.16 | 0.16 |
Operating CF/Net income |
3.22 | 2.86 | 2.37 | 1.61 | 2.23 | 2.36 | 2.31 | 2.35 | 2.42 | 2.37 |
Capex/Depreciation |
(2.05) | (2.56) | (2.59) | (2.76) | (2.83) | (2.25) | (2.32) | (2.35) | (2.71) | (3.03) |
Interest Coverage |
2.19 | 2.74 | 2.43 | 2.94 | 2.41 | 2.46 | 2.49 | 2.36 | 2.34 | 2.36 |
| 4.94% | 6.50% | 6.88% | 9.27% | 6.48% | 6.70% | 6.45% | 6.89% | 6.94% | 7.00% | |
| 1.50% | 2.03% | 2.18% | 3.07% | 2.21% | 2.25% | 2.14% | 2.27% | 2.29% | 2.29% | |
ROIC |
2.38% | 4.14% | 3.46% | 4.43% | 3.49% | 3.30% | 3.32% | 3.66% | 3.47% | 3.63% |
Return on Tangible Assets |
2.12% | 3.39% | 3.47% | 5.11% | 3.51% | 3.44% | 3.38% | 3.63% | 3.40% | 3.63% |
Average Days of Receivables |
60.16 | 49.73 | 59.04 | 53.90 | 55.92 | 58.37 | 77.31 | 57.62 | 59.82 | 50.84 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.28 | 0.27 | 0.26 | 0.25 | 0.24 | 0.23 | 0.22 | 0.21 | 0.20 | 0.19 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(2.33) | (1.47) | (1.71) | (1.28) | (1.28) | (1.19) | (1.47) | (1.43) | (1.55) | (1.24) |
Graham Number |
34.03 | 33.63 | 37.19 | 45.79 | 36.26 | 39.02 | 40.43 | 41.37 | 43.55 | 43.50 |
Earnings Yield |
4.62% | 4.92% | 6.03% | 7.03% | 4.78% | 4.29% | 5.26% | 5.60% | 5.68% | 4.70% |
Free Cash Flow Yield |
(1.01%) | (1.34%) | (3.34%) | (4.39%) | (5.26%) | (1.68%) | (3.14%) | (2.32%) | (4.74%) | (5.94%) |
Revenue per Share |
16.72 | 15.41 | 15.24 | 15.15 | 14.35 | 16.01 | 17.75 | 17.54 | 16.97 | 17.30 |
Operating CF per Share |
4.61 | 5.12 | 4.73 | 4.59 | 4.34 | 4.93 | 4.94 | 5.40 | 5.72 | 5.77 |
Capex per Share |
(4.92) | (5.60) | (5.85) | (6.42) | (6.49) | (5.74) | (6.21) | (6.35) | (7.69) | (8.86) |
Free Cash Flow per Share |
(0.31) | (0.49) | (1.12) | (1.82) | (2.15) | (0.81) | (1.27) | (0.95) | (1.97) | (3.09) |
Cash per Share |
0.66 | 0.61 | 0.60 | 0.64 | 0.40 | 0.22 | 0.34 | 0.95 | 0.32 | 0.52 |
Shareholders Equity per Share |
40.22 | 31.10 | 33.53 | 34.70 | 32.58 | 35.44 | 36.71 | 35.54 | 38.12 | 36.77 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
40.22 | 31.10 | 33.53 | 34.70 | 32.58 | 35.44 | 36.71 | 35.54 | 38.12 | 36.77 |
Free Cash Flow |
(95.91) | (202.11) | (473.70) | (796.55) | (998.82) | (382.19) | (608.44) | (462.26) | (975.01) | (1,554.50) |
Working Capital |
(1,342.75) | (1,000.51) | (764.56) | (1,207.27) | (1,146.62) | (1,654.84) | (1,806.08) | (1,436.41) | (1,634.75) | (2,653.81) |
Capital Expenditures |
(1,518.71) | (2,328.09) | (2,482.69) | (2,803.39) | (3,015.11) | (2,701.69) | (2,972.96) | (3,088.40) | (3,808.10) | (4,461.67) |
Net Current Asset Value |
(22,118.30) | (22,267.23) | (24,174.18) | (23,148.33) | (24,324.70) | (27,140.57) | (28,568.85) | (28,567.47) | (31,992.24) | (32,318.15) |
EV/EBIT |
23.59 | 16.25 | 18.00 | 15.41 | 19.94 | 21.98 | 19.70 | 18.26 | 18.72 | 20.28 |
Capex to Sales |
0.29 | 0.36 | 0.38 | 0.42 | 0.45 | 0.36 | 0.35 | 0.36 | 0.45 | 0.51 |
Price to Operating Income |
8.48 | 7.84 | 7.77 | 7.92 | 10.13 | 11.54 | 9.20 | 8.74 | 8.56 | 10.46 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Cash ROIC |
(0.32%) | (0.68%) | (1.42%) | (2.42%) | (2.95%) | (1.02%) | (1.52%) | (1.16%) | (2.24%) | (3.57%) |
Accounts Receivable Turnover |
6.43 | 7.43 | 6.74 | 6.54 | 6.67 | 6.77 | 5.65 | 5.42 | 6.17 | 6.73 |
Accounts Payable Turnover |
2.54 | 2.32 | 2.20 | 2.11 | 2.12 | 2.31 | 2.23 | 2.09 | 1.97 | 1.91 |
Inventory Turnover |
12.12 | 12.64 | 12.50 | 12.41 | 12.20 | 12.54 | 11.47 | 10.64 | 9.99 | 9.83 |
Average Days of Payables |
164.47 | 162.13 | 174.71 | 174.57 | 169.47 | 171.36 | 180.88 | 162.88 | 194.60 | 193.11 |
Days of Inventory on Hand |
31.06 | 28.98 | 30.38 | 28.92 | 30.81 | 31.87 | 36.36 | 31.02 | 39.76 | 35.78 |
Average Receivables |
802.96 | 861.78 | 959.69 | 1,012.17 | 999.69 | 1,113.79 | 1,502.39 | 1,572.97 | 1,361.59 | 1,294.76 |
Average Payables |
1,299.41 | 1,535.71 | 1,674.82 | 1,779.01 | 1,762.34 | 1,891.61 | 2,289.87 | 2,365.39 | 2,324.34 | 2,477.06 |
Average Inventory |
272.40 | 282.02 | 295.08 | 301.99 | 305.97 | 348.21 | 444.92 | 463.87 | 459.60 | 482.20 |
Average Assets |
29,365.32 | 36,533.50 | 38,909.37 | 40,587.05 | 40,830.91 | 43,711.35 | 47,714.38 | 49,128.09 | 51,231.81 | 53,592.96 |
Average Common Equity |
8,939.34 | 11,432.78 | 12,327.43 | 13,460.37 | 13,932.26 | 14,662.16 | 15,857.77 | 16,201.85 | 16,882.54 | 17,517.96 |
Columns are period end dates