Fortis Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Fortis Inc
FTS Stock  USD 57.09  0.79  1.40%   
Fortis' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Fortis' valuation are provided below:
Gross Profit
5.5 B
Profit Margin
0.1478
Market Capitalization
28.6 B
Enterprise Value Revenue
5.9429
Revenue
12.2 B
There are over one hundred nineteen available fundamental signals for Fortis Inc, which can be analyzed over time and compared to other ratios. All traders should verify Fortis' prevailing fundamentals against the performance from 2010 to 2026 and make sure the trends continue to evolve in the right direction. Market Cap is likely to gain to about 5.6 B in 2026, whereas Enterprise Value is likely to drop slightly above 2.6 B in 2026.

Fortis Total Revenue

12.78 Billion

Check Fortis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortis' main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.2 B, Interest Expense of 1.6 B or Total Revenue of 12.8 B, as well as many indicators such as Price To Sales Ratio of 3.1, Dividend Yield of 0.0392 or PTB Ratio of 1.44. Fortis financial statements analysis is a perfect complement when working with Fortis Valuation or Volatility modules.
  
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Fortis Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets78.6 B74.8 B45.6 B
Slightly volatile
Short and Long Term Debt Total36.4 B34.6 B20.7 B
Slightly volatile
Other Current Liabilities809.9 M452 M1.3 B
Slightly volatile
Total Current Liabilities7.9 B7.5 B4.1 B
Slightly volatile
Total Stockholder Equity25 B23.8 B14.8 B
Slightly volatile
Property Plant And Equipment Net53.4 B50.9 B29.9 B
Slightly volatile
Current Deferred Revenue434.7 M414 M280.8 M
Slightly volatile
Net Debt36 B34.3 B20.5 B
Slightly volatile
Accounts Payable3.7 B3.5 B988.3 M
Slightly volatile
Cash385.4 M367 M251.6 M
Slightly volatile
Non Current Assets Total74.6 B71 B43.1 B
Slightly volatile
Non Currrent Assets Other6.2 B5.9 B3.3 B
Slightly volatile
Cash And Short Term Investments385.4 M367 M251.5 M
Slightly volatile
Net Receivables1.8 B1.7 B1.1 B
Slightly volatile
Good Will13.2 B12.5 B8.7 B
Slightly volatile
Common Stock Shares Outstanding555.6 M529.1 M366.5 M
Slightly volatile
Liabilities And Stockholders Equity78.6 B74.8 B45.6 B
Slightly volatile
Non Current Liabilities Total43.5 B41.4 B25.4 B
Slightly volatile
Inventory681.5 M649 M397 M
Slightly volatile
Other Current Assets1.1 B1.1 B757.9 M
Slightly volatile
Total Liabilities51.4 B49 B29.4 B
Slightly volatile
Property Plant And Equipment Gross71.1 B67.7 B35.4 B
Slightly volatile
Total Current Assets4 B3.8 B2.5 B
Slightly volatile
Short Term Debt3.7 B3.6 B1.5 B
Slightly volatile
Common Stock16.9 B16.1 B10.3 B
Slightly volatile
Retained Earnings5.2 B5 B2.5 B
Slightly volatile
Intangible Assets1.8 B1.7 B1 B
Slightly volatile
Other Liabilities10.3 B9.8 B5.5 B
Slightly volatile
Long Term Debt32.3 B30.7 B18.8 B
Slightly volatile
Property Plant Equipment50.4 B48 B27.7 B
Slightly volatile
Long Term Debt Total23 B27.6 B19.2 B
Slightly volatile
Capital Surpluse9 M9 M11.6 M
Slightly volatile
Net Invested Capital49.9 B56.5 B41.4 B
Slightly volatile
Capital Stock17.6 B17.7 B14.9 B
Slightly volatile

Fortis Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization2.2 B2.1 B1.2 B
Slightly volatile
Total Revenue12.8 B12.2 B7.9 B
Slightly volatile
Gross Profit9.2 B8.8 B5.2 B
Slightly volatile
Other Operating Expenses9.1 B8.7 B5.8 B
Slightly volatile
Operating Income3.7 B3.5 B2.1 B
Slightly volatile
EBIT4 B3.8 B2.2 B
Slightly volatile
EBITDA6.2 B5.9 B3.4 B
Slightly volatile
Cost Of Revenue2 B3.4 B2.6 B
Slightly volatile
Total Operating Expenses5.6 B5.3 B3.2 B
Slightly volatile
Income Before Tax2.5 B2.4 B1.4 B
Slightly volatile
Net Income1.9 B1.8 B1 B
Slightly volatile
Income Tax Expense412.6 M393 M231.7 M
Slightly volatile
Net Income Applicable To Common Shares1.6 B1.5 B931.2 M
Slightly volatile
Tax Provision313.9 M393 M268.7 M
Slightly volatile
Interest Income40.9 M43 M417.2 M
Slightly volatile
Reconciled Depreciation1.7 B2.1 B1.4 B
Slightly volatile

Fortis Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow151 M220 M222.8 M
Slightly volatile
Depreciation2.2 B2.1 B1.2 B
Slightly volatile
Dividends Paid916.6 M873 M518.9 M
Slightly volatile
Capital Expenditures6.5 B6.2 B3.1 B
Slightly volatile
Total Cash From Operating Activities4.3 B4.1 B2.3 B
Slightly volatile
Net Income2.1 B2 B1.1 B
Slightly volatile
End Period Cash Flow385.4 M367 M251.6 M
Slightly volatile
Issuance Of Capital Stock57 M60 M124.9 M
Very volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.12.95232.1784
Slightly volatile
Dividend Yield0.03920.02430.0318
Slightly volatile
PTB Ratio1.441.5091.2289
Slightly volatile
Days Sales Outstanding61.1744.777752.6751
Pretty Stable
Book Value Per Share53.9551.378440.9175
Slightly volatile
Operating Cash Flow Per Share8.478.06755.9531
Slightly volatile
Capex To Depreciation1.983.03062.4122
Slightly volatile
PB Ratio1.441.5091.2289
Slightly volatile
EV To Sales2.945.77124.396
Slightly volatile
ROIC0.05350.0410.043
Slightly volatile
Inventory Turnover4.935.194112.9618
Slightly volatile
Net Income Per Share3.753.5732.6345
Slightly volatile
Days Of Inventory On Hand73.7970.271433.717
Slightly volatile
Payables Turnover3.512.93645.1547
Pretty Stable
Sales General And Administrative To Revenue1.0E-41.0E-41.0E-4
Slightly volatile
Capex To Revenue0.540.51220.3624
Slightly volatile
Cash Per Share0.430.72890.652
Very volatile
POCF Ratio5.988.84537.5362
Slightly volatile
Interest Coverage1.852.36272.3166
Pretty Stable
Payout Ratio0.640.48530.5328
Pretty Stable
Capex To Operating Cash Flow1.071.53471.2598
Pretty Stable
Days Payables Outstanding11412476.1218
Very volatile
Income Quality1.812.07142.2531
Slightly volatile
ROE0.08750.07560.0733
Very volatile
EV To Operating Cash Flow12.8317.290916.0513
Slightly volatile
PE Ratio13.4119.972117.1804
Pretty Stable
Return On Tangible Assets0.03160.02970.0289
Very volatile
Earnings Yield0.06820.05010.0606
Slightly volatile
Intangibles To Total Assets0.110.19040.1843
Slightly volatile
Net Debt To EBITDA4.35.82545.8388
Pretty Stable
Current Ratio0.50.50650.643
Slightly volatile
Tangible Book Value Per Share24.2323.076517.0139
Slightly volatile
Receivables Turnover5.388.15146.9905
Pretty Stable
Graham Number64.7461.657747.0431
Slightly volatile
Shareholders Equity Per Share49.6547.28937.6625
Slightly volatile
Debt To Equity1.681.45621.3959
Slightly volatile
Capex Per Share13.012.38137.8395
Slightly volatile
Revenue Per Share14.0524.170820.392
Slightly volatile
Interest Debt Per Share75.3971.799454.4661
Slightly volatile
Debt To Assets0.530.46340.4475
Slightly volatile
Enterprise Value Over EBITDA8.0611.926611.0297
Slightly volatile
Short Term Coverage Ratios1.311.14171.8127
Slightly volatile
Price Earnings Ratio13.4119.972117.1804
Pretty Stable
Operating Cycle63.411582.1826
Slightly volatile
Price Book Value Ratio1.441.5091.2289
Slightly volatile
Days Of Payables Outstanding11412476.1218
Very volatile
Dividend Payout Ratio0.640.48530.5328
Pretty Stable
Price To Operating Cash Flows Ratio5.988.84537.5362
Slightly volatile
Pretax Profit Margin0.110.19340.1552
Slightly volatile
Ebt Per Ebit0.460.67410.6104
Slightly volatile
Operating Profit Margin0.180.28690.2471
Slightly volatile
Effective Tax Rate0.260.16690.1829
Pretty Stable
Company Equity Multiplier3.523.14283.1375
Slightly volatile
Long Term Debt To Capitalization0.640.56340.5592
Slightly volatile
Total Debt To Capitalization0.660.59290.5837
Slightly volatile
Return On Capital Employed0.07750.05190.056
Slightly volatile
Debt Equity Ratio1.681.45621.3959
Slightly volatile
Ebit Per Revenue0.180.28690.2471
Slightly volatile
Quick Ratio0.430.42010.5479
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.730.57150.6823
Pretty Stable
Net Income Per E B T0.590.76420.7684
Slightly volatile
Cash Ratio0.07680.04880.0675
Pretty Stable
Operating Cash Flow Sales Ratio0.180.33380.2685
Slightly volatile
Days Of Inventory Outstanding73.7970.271433.717
Slightly volatile
Days Of Sales Outstanding61.1744.777752.6751
Pretty Stable
Cash Flow Coverage Ratios0.130.11720.1185
Slightly volatile
Price To Book Ratio1.441.5091.2289
Slightly volatile
Fixed Asset Turnover0.230.23890.3023
Slightly volatile
Capital Expenditure Coverage Ratio0.880.65160.8214
Slightly volatile
Price Cash Flow Ratio5.988.84537.5362
Slightly volatile
Enterprise Value Multiple8.0611.926611.0297
Slightly volatile
Debt Ratio0.530.46340.4475
Slightly volatile
Cash Flow To Debt Ratio0.130.11720.1185
Slightly volatile
Price Sales Ratio3.12.95232.1784
Slightly volatile
Return On Assets0.02740.0240.0236
Pretty Stable
Asset Turnover0.30.16260.2086
Slightly volatile
Net Profit Margin0.080.14780.1196
Slightly volatile
Gross Profit Margin0.510.7230.4374
Slightly volatile
Price Fair Value1.441.5091.2289
Slightly volatile
Return On Equity0.08750.07560.0733
Very volatile

Fortis Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.6 B5.3 B5.5 B
Slightly volatile
Enterprise Value2.6 B5.2 B5.2 B
Very volatile

Fortis Fundamental Market Drivers

Forward Price Earnings19.4932
Cash And Short Term Investments367 M

Fortis Upcoming Events

9th of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
9th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Fortis Financial Statements

Fortis shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Fortis investors may analyze each financial statement separately, they are all interrelated. The changes in Fortis' assets and liabilities, for example, are also reflected in the revenues and expenses on on Fortis' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue414 M434.7 M
Total Revenue12.2 B12.8 B
Cost Of Revenue3.4 B2 B
Capex To Revenue 0.51  0.54 
Revenue Per Share 24.17  14.05 
Ebit Per Revenue 0.29  0.18 

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Additional Tools for Fortis Stock Analysis

When running Fortis' price analysis, check to measure Fortis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.
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