Fortis Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Fortis Inc
FTS Stock  USD 51.94  0.14  0.27%   
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
0.147
Market Capitalization
26.3 B
Enterprise Value Revenue
5.9567
Revenue
12 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

13.9 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 2.3 B, Interest Expense of 1.7 B or Total Revenue of 13.9 B, as well as many indicators such as Price To Sales Ratio of 1.32, Dividend Yield of 0.0395 or PTB Ratio of 1.43. 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 Assets88.7 B84.5 B46.7 B
Slightly volatile
Short and Long Term Debt Total40.7 B38.8 B21.2 B
Slightly volatile
Other Current Liabilities2.6 B2.5 B1.5 B
Slightly volatile
Total Current Liabilities7.3 B6.9 B4 B
Slightly volatile
Total Stockholder Equity28.7 B27.4 B15.3 B
Slightly volatile
Property Plant And Equipment Net59.8 B56.9 B30.6 B
Slightly volatile
Current Deferred Revenue434.7 M414 M280.8 M
Slightly volatile
Net Debt40.4 B38.5 B21 B
Slightly volatile
Accounts Payable1.4 B1.3 B721.3 M
Slightly volatile
Cash155.8 M253 M231.4 M
Slightly volatile
Non Current Assets Total84.2 B80.1 B44.2 B
Slightly volatile
Non Currrent Assets Other5.9 B5.6 B3.2 B
Slightly volatile
Cash And Short Term Investments155.7 M253 M231.2 M
Slightly volatile
Net Receivables2 B1.9 B1.1 B
Slightly volatile
Good Will15.8 B15.1 B9.1 B
Slightly volatile
Common Stock Shares Outstanding598 M569.5 M371.4 M
Slightly volatile
Liabilities And Stockholders Equity88.7 B84.5 B46.7 B
Slightly volatile
Non Current Liabilities Total50.2 B47.8 B26.2 B
Slightly volatile
Inventory827.1 M787.8 M413.7 M
Slightly volatile
Other Current Assets1.5 B1.4 B795.5 M
Slightly volatile
Total Liabilities57.5 B54.8 B30.1 B
Slightly volatile
Property Plant And Equipment Gross79.9 B76.1 B36.4 B
Slightly volatile
Total Current Assets4.6 B4.4 B2.6 B
Slightly volatile
Short Term Debt2.5 B2.4 B1.4 B
Slightly volatile
Common Stock18.8 B17.9 B10.6 B
Slightly volatile
Retained Earnings5.5 B5.2 B2.6 B
Slightly volatile
Intangible Assets2 B1.9 B1.1 B
Slightly volatile
Other Liabilities10.3 B9.8 B5.5 B
Slightly volatile
Long Term Debt37.7 B35.9 B19.4 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 Capital48.3 B63.8 B41.7 B
Slightly volatile
Capital Stock17.3 B19.8 B15 B
Slightly volatile

Fortis Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization2.3 B2.2 B1.2 B
Slightly volatile
Total Revenue13.9 B13.2 B8 B
Slightly volatile
Gross Profit10 B9.5 B5.3 B
Slightly volatile
Other Operating Expenses9.9 B9.4 B5.9 B
Slightly volatile
Operating Income4 B3.8 B2.1 B
Slightly volatile
EBIT4.3 B4.1 B2.2 B
Slightly volatile
EBITDA6.6 B6.3 B3.5 B
Slightly volatile
Cost Of Revenue2 B3.7 B2.6 B
Slightly volatile
Total Operating Expenses6 B5.7 B3.3 B
Slightly volatile
Income Before Tax2.6 B2.5 B1.4 B
Slightly volatile
Net Income2 B1.9 B1.1 B
Slightly volatile
Income Tax Expense417.8 M397.9 M232.3 M
Slightly volatile
Net Income Applicable To Common Shares1.6 B1.5 B931.2 M
Slightly volatile
Tax Provision302.1 M397.9 M268.3 M
Slightly volatile
Interest Income54.7 M57.6 M418.9 M
Slightly volatile
Reconciled Depreciation1.7 B2.2 B1.4 B
Slightly volatile

Fortis Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow754.7 M718.8 M287.6 M
Slightly volatile
Depreciation2.3 B2.2 B1.2 B
Slightly volatile
Dividends Paid987.7 M940.7 M527.1 M
Slightly volatile
Capital Expenditures6.3 B6 B3.1 B
Slightly volatile
Total Cash From Operating Activities4.7 B4.5 B2.4 B
Slightly volatile
Net Income2.2 B2.1 B1.1 B
Slightly volatile
End Period Cash Flow155.8 M253 M231.4 M
Slightly volatile
Issuance Of Capital Stock39.3 M41.4 M122.7 M
Very volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.322.312.0359
Slightly volatile
Dividend Yield0.03950.03180.0323
Slightly volatile
PTB Ratio1.431.24191.2237
Slightly volatile
Days Sales Outstanding61.5860.8853.6464
Very volatile
Book Value Per Share49.3647.0140.3905
Slightly volatile
Operating Cash Flow Per Share7.417.065.8315
Slightly volatile
Capex To Depreciation1.952.442.3756
Pretty Stable
PB Ratio1.431.24191.2237
Slightly volatile
EV To Sales2.884.934.343
Slightly volatile
ROIC0.05370.04470.0432
Pretty Stable
Inventory Turnover15.7110.5613.9115
Slightly volatile
Net Income Per Share3.213.052.5719
Slightly volatile
Days Of Inventory On Hand24.3435.7828.7793
Slightly volatile
Payables Turnover3.575.055.2825
Slightly volatile
Sales General And Administrative To Revenue1.0E-41.0E-41.0E-4
Slightly volatile
Capex To Revenue0.240.410.3387
Slightly volatile
Cash Per Share0.430.40.6326
Very volatile
POCF Ratio5.946.857.4165
Slightly volatile
Interest Coverage1.852.112.3017
Pretty Stable
Payout Ratio0.640.560.5372
Pretty Stable
Capex To Operating Cash Flow1.061.211.2401
Very volatile
Days Payables Outstanding11374.8273.1476
Slightly volatile
Income Quality1.822.082.2542
Slightly volatile
ROE0.08770.08110.0737
Very volatile
EV To Operating Cash Flow12.814.6215.8924
Pretty Stable
PE Ratio13.3215.8416.9321
Pretty Stable
Return On Tangible Assets0.03160.0320.029
Very volatile
Earnings Yield0.06860.06530.0615
Pretty Stable
Intangibles To Total Assets0.110.180.1837
Slightly volatile
Net Debt To EBITDA4.295.695.8303
Pretty Stable
Current Ratio0.50.570.6467
Slightly volatile
Tangible Book Value Per Share10.6420.1516.0424
Pretty Stable
Receivables Turnover5.346.216.8739
Very volatile
Graham Number57.2754.5446.185
Slightly volatile
Shareholders Equity Per Share45.4543.2937.1802
Slightly volatile
Debt To Equity1.681.631.4061
Slightly volatile
Capex Per Share9.969.497.4906
Slightly volatile
Revenue Per Share13.8720.9220.1901
Pretty Stable
Interest Debt Per Share67.0263.8353.5049
Slightly volatile
Debt To Assets0.530.520.4508
Slightly volatile
Enterprise Value Over EBITDA8.0110.7210.9558
Slightly volatile
Short Term Coverage Ratios1.331.661.8444
Slightly volatile
Price Earnings Ratio13.3215.8416.9321
Pretty Stable
Operating Cycle62.4183.4280.2639
Pretty Stable
Price Book Value Ratio1.431.24191.2237
Slightly volatile
Days Of Payables Outstanding11374.8273.1476
Slightly volatile
Dividend Payout Ratio0.640.560.5372
Pretty Stable
Price To Operating Cash Flows Ratio5.946.857.4165
Slightly volatile
Pretax Profit Margin0.110.170.1538
Slightly volatile
Ebt Per Ebit0.460.590.6055
Pretty Stable
Operating Profit Margin0.180.260.2455
Slightly volatile
Effective Tax Rate0.260.180.1837
Pretty Stable
Company Equity Multiplier3.533.633.1667
Slightly volatile
Long Term Debt To Capitalization0.640.650.5643
Slightly volatile
Total Debt To Capitalization0.660.670.5882
Slightly volatile
Return On Capital Employed0.07830.05480.0562
Slightly volatile
Debt Equity Ratio1.681.631.4061
Slightly volatile
Ebit Per Revenue0.180.260.2455
Slightly volatile
Quick Ratio0.440.460.5508
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.730.740.6922
Pretty Stable
Net Income Per E B T0.590.70.7646
Slightly volatile
Cash Ratio0.07750.04190.0671
Pretty Stable
Operating Cash Flow Sales Ratio0.180.30.2666
Slightly volatile
Days Of Inventory Outstanding24.3435.7828.7793
Slightly volatile
Days Of Sales Outstanding61.5860.8853.6464
Very volatile
Cash Flow Coverage Ratios0.130.11520.1192
Pretty Stable
Price To Book Ratio1.431.24191.2237
Slightly volatile
Fixed Asset Turnover0.250.270.3053
Slightly volatile
Capital Expenditure Coverage Ratio0.890.860.8343
Pretty Stable
Price Cash Flow Ratio5.946.857.4165
Slightly volatile
Enterprise Value Multiple8.0110.7210.9558
Slightly volatile
Debt Ratio0.530.520.4508
Slightly volatile
Cash Flow To Debt Ratio0.130.11520.1192
Pretty Stable
Price Sales Ratio1.322.312.0359
Slightly volatile
Return On Assets0.02740.02570.0237
Very volatile
Asset Turnover0.310.180.2102
Slightly volatile
Net Profit Margin0.07890.130.1185
Slightly volatile
Gross Profit Margin0.50.520.4248
Slightly volatile
Price Fair Value1.431.24191.2237
Slightly volatile
Return On Equity0.08770.08110.0737
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 Earnings19.7239
Cash And Short Term Investments220 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 Revenue13.2 B13.9 B
Cost Of Revenue3.7 B2 B
Capex To Revenue 0.41  0.24 
Revenue Per Share 20.92  13.87 
Ebit Per Revenue 0.26  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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