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Friday 6 November 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.
- Revenue
- +4.39%
- EPS
- +28.7%
- Free cash flow
- −10.2%
- Total debt
- +14.0%
Quarter to September 2026, against a year earlier
61.19
0.26
+0.43%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.29 | 17.61 | 17.84 | 19.01 | 23.32 | 20.93 | 14.22 | 16.60 | 20.33 | 21.64 |
Piotroski F-Score |
6 | 5 | 7 | 6 | 5 | 6 | 6 | 5 | 7 | — |
Altman Z-Score |
0.80 | 0.71 | 0.76 | 0.71 | 0.81 | 0.79 | 0.83 | 0.66 | 0.75 | 0.48 |
P/S ratio |
3.00 | 2.45 | 2.34 | 2.28 | 3.02 | 2.84 | 2.74 | 2.19 | 2.36 | 1.84 |
Altman Z″-Score (non-manufacturers) |
0.76 | 0.87 | 0.90 | 0.82 | 0.85 | 0.92 | 1.00 | 0.87 | 0.86 | 0.61 |
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 |
37.49 | 29.70 | 36.96 | 28.71 | 39.21 | 36.90 | 38.61 | 33.19 | 28.10 | 27.76 |
Beneish M-Score |
(2.73) | (2.63) | (2.88) | (2.18) | (2.43) | (2.58) | (2.61) | (2.41) | (2.70) | (2.36) |
Dividend Safety Score |
24 | — | — | — | — | — | — | — | — | — |
P/B ratio |
1.51 | 1.16 | 1.24 | 1.19 | 1.48 | 1.36 | 1.30 | 1.09 | 1.30 | 0.85 |
Price to Tangible BV |
3.66 | 2.98 | 3.36 | 3.50 | 4.57 | 4.56 | 4.61 | 5.92 | 8.16 | 8.66 |
EV/Sales |
5.82 | 5.36 | 4.89 | 4.89 | 5.74 | 5.60 | 5.33 | 5.07 | 4.90 | 5.12 |
EV/EBITDA |
12.76 | 11.81 | 11.59 | 12.25 | 13.66 | 12.70 | 10.67 | 11.80 | 11.05 | 14.19 |
EV/Operating CF |
17.43 | 15.88 | 15.88 | 17.56 | 18.67 | 18.51 | 17.58 | 16.35 | 14.74 | 18.57 |
EV/FCF |
(32.60) | (46.13) | (90.23) | (68.26) | (113.30) | (37.37) | (44.29) | (69.33) | (155.09) | (275.46) |
Quick Ratio |
0.27 | 0.35 | 0.41 | 0.39 | 0.34 | 0.39 | 0.40 | 0.40 | 0.42 | 0.35 |
Current Ratio |
0.51 | 0.63 | 0.67 | 0.65 | 0.57 | 0.63 | 0.62 | 0.77 | 0.63 | 0.55 |
Net Debt/EBITDA |
6.17 | 6.41 | 6.05 | 6.53 | 6.49 | 6.25 | 5.18 | 6.71 | 5.72 | 9.09 |
Debt/Assets |
46.28% | 45.80% | 45.49% | 45.14% | 44.95% | 44.75% | 43.29% | 46.25% | 44.67% | 47.35% |
Debt/Equity |
1.34 | 1.30 | 1.29 | 1.27 | 1.24 | 1.22 | 1.15 | 1.33 | 1.28 | 1.38 |
Asset Turnover |
0.16 | 0.16 | 0.17 | 0.18 | 0.17 | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 |
Operating CF/Net income |
2.37 | 2.42 | 2.35 | 2.31 | 2.36 | 2.23 | 1.61 | 2.37 | 2.86 | 3.22 |
Capex/Depreciation |
(3.03) | (2.71) | (2.35) | (2.32) | (2.25) | (2.83) | (2.76) | (2.59) | (2.56) | (2.05) |
Interest Coverage |
2.36 | 2.34 | 2.36 | 2.49 | 2.46 | 2.41 | 2.94 | 2.43 | 2.74 | 2.19 |
| 7.00% | 6.94% | 6.89% | 6.45% | 6.70% | 6.48% | 9.27% | 6.88% | 6.50% | 4.94% | |
| 2.29% | 2.29% | 2.27% | 2.14% | 2.25% | 2.21% | 3.07% | 2.18% | 2.03% | 1.50% | |
ROIC |
3.63% | 3.47% | 3.66% | 3.32% | 3.30% | 3.49% | 4.43% | 3.46% | 4.14% | 2.38% |
Return on Tangible Assets |
3.63% | 3.40% | 3.63% | 3.38% | 3.44% | 3.51% | 5.11% | 3.47% | 3.39% | 2.12% |
Average Days of Receivables |
50.84 | 59.82 | 57.62 | 77.31 | 58.37 | 55.92 | 53.90 | 59.04 | 49.73 | 60.16 |
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 |
0.19 | 0.20 | 0.21 | 0.22 | 0.23 | 0.24 | 0.25 | 0.26 | 0.27 | 0.28 |
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 |
(1.24) | (1.55) | (1.43) | (1.47) | (1.19) | (1.28) | (1.28) | (1.71) | (1.47) | (2.33) |
Graham Number |
43.50 | 43.55 | 41.37 | 40.43 | 39.02 | 36.26 | 45.79 | 37.19 | 33.63 | 34.03 |
Earnings Yield |
4.70% | 5.68% | 5.60% | 5.26% | 4.29% | 4.78% | 7.03% | 6.03% | 4.92% | 4.62% |
Free Cash Flow Yield |
(5.94%) | (4.74%) | (2.32%) | (3.14%) | (1.68%) | (5.26%) | (4.39%) | (3.34%) | (1.34%) | (1.01%) |
Revenue per Share |
17.30 | 16.97 | 17.54 | 17.75 | 16.01 | 14.35 | 15.15 | 15.24 | 15.41 | 16.72 |
Operating CF per Share |
5.77 | 5.72 | 5.40 | 4.94 | 4.93 | 4.34 | 4.59 | 4.73 | 5.12 | 4.61 |
Capex per Share |
(8.86) | (7.69) | (6.35) | (6.21) | (5.74) | (6.49) | (6.42) | (5.85) | (5.60) | (4.92) |
Free Cash Flow per Share |
(3.09) | (1.97) | (0.95) | (1.27) | (0.81) | (2.15) | (1.82) | (1.12) | (0.49) | (0.31) |
Cash per Share |
0.52 | 0.32 | 0.95 | 0.34 | 0.22 | 0.40 | 0.64 | 0.60 | 0.61 | 0.66 |
Shareholders Equity per Share |
36.77 | 38.12 | 35.54 | 36.71 | 35.44 | 32.58 | 34.70 | 33.53 | 31.10 | 40.22 |
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 |
36.77 | 38.12 | 35.54 | 36.71 | 35.44 | 32.58 | 34.70 | 33.53 | 31.10 | 40.22 |
Free Cash Flow |
(1,554.50) | (975.01) | (462.26) | (608.44) | (382.19) | (998.82) | (796.55) | (473.70) | (202.11) | (95.91) |
Working Capital |
(2,653.81) | (1,634.75) | (1,436.41) | (1,806.08) | (1,654.84) | (1,146.62) | (1,207.27) | (764.56) | (1,000.51) | (1,342.75) |
Capital Expenditures |
(4,461.67) | (3,808.10) | (3,088.40) | (2,972.96) | (2,701.69) | (3,015.11) | (2,803.39) | (2,482.69) | (2,328.09) | (1,518.71) |
Net Current Asset Value |
(32,318.15) | (31,992.24) | (28,567.47) | (28,568.85) | (27,140.57) | (24,324.70) | (23,148.33) | (24,174.18) | (22,267.23) | (22,118.30) |
EV/EBIT |
20.28 | 18.72 | 18.26 | 19.70 | 21.98 | 19.94 | 15.41 | 18.00 | 16.25 | 23.59 |
Capex to Sales |
0.51 | 0.45 | 0.36 | 0.35 | 0.36 | 0.45 | 0.42 | 0.38 | 0.36 | 0.29 |
Price to Operating Income |
10.46 | 8.56 | 8.74 | 9.20 | 11.54 | 10.13 | 7.92 | 7.77 | 7.84 | 8.48 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
Cash ROIC |
(3.57%) | (2.24%) | (1.16%) | (1.52%) | (1.02%) | (2.95%) | (2.42%) | (1.42%) | (0.68%) | (0.32%) |
Accounts Receivable Turnover |
6.73 | 6.17 | 5.42 | 5.65 | 6.77 | 6.67 | 6.54 | 6.74 | 7.43 | 6.43 |
Accounts Payable Turnover |
1.91 | 1.97 | 2.09 | 2.23 | 2.31 | 2.12 | 2.11 | 2.20 | 2.32 | 2.54 |
Inventory Turnover |
9.83 | 9.99 | 10.64 | 11.47 | 12.54 | 12.20 | 12.41 | 12.50 | 12.64 | 12.12 |
Average Days of Payables |
193.11 | 194.60 | 162.88 | 180.88 | 171.36 | 169.47 | 174.57 | 174.71 | 162.13 | 164.47 |
Days of Inventory on Hand |
35.78 | 39.76 | 31.02 | 36.36 | 31.87 | 30.81 | 28.92 | 30.38 | 28.98 | 31.06 |
Average Receivables |
1,294.76 | 1,361.59 | 1,572.97 | 1,502.39 | 1,113.79 | 999.69 | 1,012.17 | 959.69 | 861.78 | 802.96 |
Average Payables |
2,477.06 | 2,324.34 | 2,365.39 | 2,289.87 | 1,891.61 | 1,762.34 | 1,779.01 | 1,674.82 | 1,535.71 | 1,299.41 |
Average Inventory |
482.20 | 459.60 | 463.87 | 444.92 | 348.21 | 305.97 | 301.99 | 295.08 | 282.02 | 272.40 |
Average Assets |
53,592.96 | 51,231.81 | 49,128.09 | 47,714.38 | 43,711.35 | 40,830.91 | 40,587.05 | 38,909.37 | 36,533.50 | 29,365.32 |
Average Common Equity |
17,517.96 | 16,882.54 | 16,201.85 | 15,857.77 | 14,662.16 | 13,932.26 | 13,460.37 | 12,327.43 | 11,432.78 | 8,939.34 |
Columns are period end dates · fundamentals updated 5 Nov 2026