Fortis Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Fortis Inc
FTS Stock  USD 45.16  0.34  0.76%   
Fortis financial statements provide useful quarterly and yearly information to potential Fortis Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Fortis financial statements helps investors assess Fortis' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Fortis' valuation are summarized below:
Gross Profit
4.4 B
Profit Margin
0.1449
Market Capitalization
22.5 B
Enterprise Value Revenue
5.6046
Revenue
11.4 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 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to gain to about 5.6 B in 2024, whereas Enterprise Value is likely to drop slightly above 2.6 B in 2024.

Fortis Total Revenue

12.09 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 1.9 B, Interest Expense of 1.4 B or Total Revenue of 12.1 B, as well as many indicators such as Price To Sales Ratio of 1.3, Dividend Yield of 0.0393 or PTB Ratio of 1.44. Fortis financial statements analysis is a perfect complement when working with Fortis Valuation or Volatility modules.
  
Check out the analysis of Fortis Correlation against competitors.

Fortis Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets69.2 B65.9 B41.2 B
Slightly volatile
Short and Long Term Debt Total31.5 B30 B18.6 B
Slightly volatile
Other Current Liabilities2.4 B2.3 B1.3 B
Slightly volatile
Total Current Liabilities6.3 B6 B3.6 B
Slightly volatile
Total Stockholder Equity22.6 B21.5 B13.5 B
Slightly volatile
Property Plant And Equipment Net45.6 B43.4 B26.6 B
Slightly volatile
Current Deferred Revenue309.8 M263 M311.7 M
Very volatile
Net Debt30.9 B29.4 B18.3 B
Slightly volatile
Accounts Payable562 M990 M647.8 M
Slightly volatile
Cash656.2 M625 M264 M
Slightly volatile
Non Current Assets Total65 B61.9 B38.8 B
Slightly volatile
Non Currrent Assets Other323 M340 M718.4 M
Pretty Stable
Cash And Short Term Investments656.2 M625 M264 M
Slightly volatile
Net Receivables1.7 B1.6 B1 B
Slightly volatile
Good Will12.8 B12.2 B8.2 B
Slightly volatile
Common Stock Shares Outstanding510.8 M486.5 M344.1 M
Slightly volatile
Liabilities And Stockholders Equity69.2 B65.9 B41.2 B
Slightly volatile
Non Current Liabilities Total38.5 B36.6 B22.9 B
Slightly volatile
Inventory594.3 M566 M355.1 M
Slightly volatile
Other Current Assets1.3 B1.2 B597.3 M
Slightly volatile
Other Stockholder Equity8.6 M9 M224.7 M
Slightly volatile
Total Liabilities44.7 B42.6 B26.5 B
Slightly volatile
Property Plant And Equipment Gross61.3 B58.4 B30.5 B
Slightly volatile
Total Current Assets4.2 B4 B2.4 B
Slightly volatile
Short Term Debt2.6 B2.4 B1.3 B
Slightly volatile
Common Stock15.9 B15.1 B9.5 B
Slightly volatile
Retained Earnings4.3 B4.1 B2.2 B
Slightly volatile
Other Liabilities10.3 B9.8 B5.1 B
Slightly volatile
Other Assets4.8 B4.5 B2.9 B
Slightly volatile
Long Term Debt28.6 B27.2 B16.9 B
Slightly volatile
Intangible Assets797 M1.5 B873.7 M
Slightly volatile
Property Plant Equipment50.4 B48 B25.8 B
Slightly volatile
Long Term Debt Total23 B27.6 B18.5 B
Slightly volatile
Capital Surpluse9 M9 M11.8 M
Slightly volatile
Net Invested Capital46.5 B49.5 B39.2 B
Slightly volatile
Capital Stock17.1 B16.7 B14.6 B
Slightly volatile

Fortis Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.9 B1.8 B1 B
Slightly volatile
Total Revenue12.1 B11.5 B7.3 B
Slightly volatile
Gross Profit8.1 B7.7 B4.8 B
Slightly volatile
Other Operating Expenses8.9 B8.4 B5.4 B
Slightly volatile
Operating Income3.2 B3.1 B1.9 B
Slightly volatile
EBIT3.3 B3.1 B1.9 B
Slightly volatile
EBITDA5.2 B4.9 B3 B
Slightly volatile
Cost Of Revenue4 B3.8 B2.4 B
Slightly volatile
Total Operating Expenses1.8 B1.8 B2.6 B
Slightly volatile
Income Before Tax2.2 B2.1 B1.2 B
Slightly volatile
Net Income1.7 B1.6 B940 M
Slightly volatile
Income Tax Expense378 M360 M210.8 M
Slightly volatile
Net Income Applicable To Common Shares1.6 B1.5 B878.1 M
Slightly volatile
Tax Provision293.3 M360 M253.9 M
Slightly volatile
Interest Income72.2 M76 M467.8 M
Slightly volatile
Reconciled Depreciation1.6 B1.8 B1.3 B
Slightly volatile

Fortis Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow128.6 M209 M194.6 M
Slightly volatile
Depreciation1.9 B1.8 B1.1 B
Slightly volatile
Dividends Paid806.4 M768 M468 M
Slightly volatile
Capital Expenditures4.4 B4.2 B2.6 B
Slightly volatile
Total Cash From Operating Activities3.7 B3.5 B2.1 B
Slightly volatile
Net Income1.8 B1.7 B1 B
Slightly volatile
End Period Cash Flow656.2 M625 M264 M
Slightly volatile
Issuance Of Capital Stock39 M41 M133.3 M
Pretty Stable

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.32.31011.9807
Slightly volatile
Dividend Yield0.03930.02890.0326
Slightly volatile
PTB Ratio1.441.23721.2094
Slightly volatile
Days Sales Outstanding61.4551.563352.7742
Very volatile
Book Value Per Share50.3847.978639.1304
Slightly volatile
Operating Cash Flow Per Share7.657.28975.6316
Slightly volatile
Stock Based Compensation To Revenue0.00420.00330.0043
Slightly volatile
Capex To Depreciation1.942.35142.3485
Pretty Stable
PB Ratio1.441.23721.2094
Slightly volatile
EV To Sales2.824.86314.2242
Slightly volatile
ROIC0.06340.04980.0537
Slightly volatile
Inventory Turnover12.276.66259.7179
Slightly volatile
Net Income Per Share3.43.23462.4979
Slightly volatile
Days Of Inventory On Hand35.2154.783947.0408
Slightly volatile
Payables Turnover2.73.80913.8428
Pretty Stable
Sales General And Administrative To Revenue1.0E-41.0E-41.0E-4
Slightly volatile
Capex To Revenue0.230.3620.3256
Slightly volatile
Cash Per Share1.351.28520.722
Slightly volatile
POCF Ratio5.947.50517.441
Slightly volatile
Interest Coverage1.852.36322.3207
Slightly volatile
Payout Ratio0.640.48820.5391
Pretty Stable
Capex To Operating Cash Flow1.061.1761.2351
Very volatile
Days Payables Outstanding13495.823498.0579
Pretty Stable
Income Quality2.452.25372.1903
Pretty Stable
ROE0.0880.07310.0734
Pretty Stable
EV To Operating Cash Flow12.7915.799315.9533
Slightly volatile
PE Ratio13.316.913816.9591
Pretty Stable
Return On Tangible Assets0.03210.03010.0296
Very volatile
Earnings Yield0.06890.05910.0615
Slightly volatile
Intangibles To Total Assets0.110.20770.1869
Slightly volatile
Net Debt To EBITDA4.265.97745.7971
Slightly volatile
Current Ratio0.50.67490.653
Slightly volatile
Tangible Book Value Per Share10.1719.81915.2168
Very volatile
Receivables Turnover5.367.07876.961
Very volatile
Graham Number59.5756.731144.82
Slightly volatile
Shareholders Equity Per Share46.4344.221736.1104
Slightly volatile
Debt To Equity1.671.37871.3572
Slightly volatile
Capex Per Share9.08.57297.0899
Slightly volatile
Revenue Per Share13.7123.682919.9269
Pretty Stable
Interest Debt Per Share66.8463.654150.4325
Slightly volatile
Debt To Assets0.530.44980.4435
Slightly volatile
Enterprise Value Over EBITDA7.9411.386210.8896
Slightly volatile
Short Term Coverage Ratios1.341.46791.9043
Slightly volatile
Price Earnings Ratio13.316.913816.9591
Pretty Stable
Operating Cycle79.9310698.6997
Slightly volatile
Price Book Value Ratio1.441.23721.2094
Slightly volatile
Days Of Payables Outstanding13495.823498.0579
Pretty Stable
Dividend Payout Ratio0.640.48820.5391
Pretty Stable
Price To Operating Cash Flows Ratio5.947.50517.441
Slightly volatile
Pretax Profit Margin0.10.17970.1498
Slightly volatile
Ebt Per Ebit0.460.67120.6028
Slightly volatile
Operating Profit Margin0.180.26780.2419
Slightly volatile
Effective Tax Rate0.260.17390.1856
Pretty Stable
Company Equity Multiplier3.493.06533.0778
Slightly volatile
Long Term Debt To Capitalization0.640.55880.5584
Slightly volatile
Total Debt To Capitalization0.660.57960.5768
Slightly volatile
Return On Capital Employed0.08010.05140.058
Slightly volatile
Debt Equity Ratio1.671.37871.3572
Slightly volatile
Ebit Per Revenue0.180.26780.2419
Slightly volatile
Quick Ratio0.440.580.5592
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.730.7180.6923
Pretty Stable
Net Income Per E B T0.580.75990.7677
Slightly volatile
Cash Ratio0.07890.10480.0709
Very volatile
Operating Cash Flow Sales Ratio0.180.30780.2596
Slightly volatile
Days Of Inventory Outstanding35.2154.783947.0408
Slightly volatile
Days Of Sales Outstanding61.4551.563352.7742
Very volatile
Cash Flow Coverage Ratios0.130.11960.1217
Slightly volatile
Price To Book Ratio1.441.23721.2094
Slightly volatile
Fixed Asset Turnover0.250.26510.3125
Slightly volatile
Capital Expenditure Coverage Ratio0.890.85030.8386
Pretty Stable
Price Cash Flow Ratio5.947.50517.441
Slightly volatile
Enterprise Value Multiple7.9411.386210.8896
Slightly volatile
Debt Ratio0.530.44980.4435
Slightly volatile
Cash Flow To Debt Ratio0.130.11960.1217
Slightly volatile
Price Sales Ratio1.32.31011.9807
Slightly volatile
Return On Assets0.02780.02390.0241
Pretty Stable
Asset Turnover0.310.17470.2194
Slightly volatile
Net Profit Margin0.07760.13660.1158
Slightly volatile
Gross Profit Margin0.490.67260.6282
Slightly volatile
Price Fair Value1.441.23721.2094
Slightly volatile
Return On Equity0.0880.07310.0734
Pretty Stable

Fortis Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.6 B5.3 B5.4 B
Slightly volatile
Enterprise Value2.6 B5.2 B5.2 B
Very volatile

Fortis Fundamental Market Drivers

Forward Price Earnings18.622
Cash And Short Term Investments625 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 Revenue263 M309.8 M
Total Revenue11.5 B12.1 B
Cost Of Revenue3.8 B4 B
Capex To Revenue 0.36  0.23 
Revenue Per Share 23.68  13.71 
Ebit Per Revenue 0.27  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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