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

59.88 1.30 −2.12%
Market cap
$31.3B
P/E
23.2×
Fwd P/E
22.6×
Dividend yield
3.02%
F-score
6/9
Altman Z
0.80
Beneish M
−2.73
Dividend safety
24/100

Fortis (FTS) Debt to equity

Alert me on Debt to equity

Fortis's debt to equity at the end of the quarter to 30 September 2026 was 1.4×, up 0.0× from fiscal 2025 (1.3×). Over the past ten years it has ranged from 1.1× (fiscal 2019) to 1.4× (fiscal 2016); the current reading is higher than 91% of that period. That is below the Utilities Regulated Electric industry median of 1.5× and above the Utilities sector median of 1.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 1.3× 2.83%
FY2024 1.3× 1.28%
FY2023 1.3× 1.24%
FY2022 1.3× 2.47%
FY2021 1.2× 1.22%
FY2020 1.2× 6.51%
FY2019 1.1× (13.55%)
FY2018 1.3× 4.23%
FY2017 1.3× (7.51%)
FY2016 1.4× 17.34%

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.4× 2.09%
Jun 2026 1.3× (1.07%)
Mar 2026 1.3× (0.12%)
Dec 2025 1.3× 7.35%
40 more quarters

Against its own ten years

Low 1.1× High 1.4×
Ten-year median 1.3×
Current reading's percentile 91

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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