Fortis Financial Statements From 2010 to 2024

Fortis Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 69.2 B 65.9 B 41.2 B Slightly volatile Short and Long Term Debt Total 31.5 B 30 B 18.6 B Slightly volatile Other Current Liabilities 2.4 B 2.3 B 1.3 B Slightly volatile Total Current Liabilities 6.3 B 6 B 3.6 B Slightly volatile Total Stockholder Equity 22.6 B 21.5 B 13.5 B Slightly volatile Property Plant And Equipment Net 45.6 B 43.4 B 26.6 B Slightly volatile Current Deferred Revenue 215.6 M 263 M 305.4 M Very volatile Net Debt 30.9 B 29.4 B 18.3 B Slightly volatile Accounts Payable 562 M 990 M 647.8 M Slightly volatile Cash 656.2 M 625 M 264 M Slightly volatile Non Current Assets Total 65 B 61.9 B 38.8 B Slightly volatile Non Currrent Assets Other 323 M 340 M 718.4 M Pretty Stable Cash And Short Term Investments 656.2 M 625 M 264 M Slightly volatile Net Receivables 1.7 B 1.6 B 1 B Slightly volatile Good Will 7.8 B 12.2 B 7.8 B Slightly volatile Common Stock Total Equity 16.7 B 15.9 B 9.6 B Slightly volatile Common Stock Shares Outstanding 510.8 M 486.5 M 344.1 M Slightly volatile Liabilities And Stockholders Equity 69.2 B 65.9 B 41.2 B Slightly volatile Non Current Liabilities Total 38.5 B 36.6 B 22.9 B Slightly volatile Inventory 594.3 M 566 M 355.1 M Slightly volatile Other Current Assets 1.1 B 1.1 B 552.6 M Slightly volatile Other Stockholder Equity 8.6 M 9 M 224.7 M Slightly volatile Total Liabilities 44.7 B 42.6 B 26.5 B Slightly volatile Property Plant And Equipment Gross 61.3 B 58.4 B 30.5 B Slightly volatile Total Current Assets 4.2 B 4 B 2.4 B Slightly volatile Short Term Debt 2.5 B 2.4 B 1.3 B Slightly volatile Common Stock 15.9 B 15.1 B 9.5 B Slightly volatile Retained Earnings 4.3 B 4.1 B 2.2 B Slightly volatile Intangible Assets 945 M 1.5 B 900.5 M Slightly volatile Other Liabilities 6.8 B 9.8 B 5.7 B Slightly volatile Other Assets 3.4 B 4.6 B 2.9 B Slightly volatile Long Term Debt 21.3 B 27.2 B 16.9 B Slightly volatile Deferred Long Term Liabilities 2.9 B 3.6 B 2.5 B Slightly volatile Long Term Investments 189.5 M 370 M 162.6 M Slightly volatile Short and Long Term Debt 1.6 B 2.4 B 3.1 B Slightly volatile Property Plant Equipment 191.2 M 201.2 M 17.8 B Very volatile Long Term Debt Total 23.8 B 30.2 B 18.9 B Slightly volatile Capital Surpluse 8.9 M 9 M 11.8 M Slightly volatile Capital Lease Obligations 362.9 M 378 M 480.5 M Slightly volatile Non Current Liabilities Other 89.9 M 65 M 134.3 M Slightly volatile Cash And Equivalents 215.7 M 188.1 M 260.3 M Slightly volatile Net Invested Capital 46.5 B 49.5 B 39.2 B Slightly volatile Capital Stock 17.1 B 16.7 B 14.6 B Slightly volatile
Fortis Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 1.9 B 1.8 B 1.1 B Slightly volatile Total Revenue 12.1 B 11.5 B 7.3 B Slightly volatile Gross Profit 8.1 B 7.7 B 4.8 B Slightly volatile Other Operating Expenses 8.9 B 8.4 B 5.4 B Slightly volatile Operating Income 3.2 B 3.1 B 1.9 B Slightly volatile EBIT 3.4 B 3.2 B 1.9 B Slightly volatile EBITDA 5.3 B 5 B 3 B Slightly volatile Cost Of Revenue 2.2 B 3.8 B 2.3 B Slightly volatile Total Operating Expenses 4.9 B 4.7 B 3 B Slightly volatile Income Before Tax 2.2 B 2.1 B 1.2 B Slightly volatile Net Income 1.7 B 1.6 B 940 M Slightly volatile Income Tax Expense 378 M 360 M 210.8 M Slightly volatile Discontinued Operations 4 M 4.5 M 4.9 M Slightly volatile Net Income From Continuing Ops 1.3 B 1.7 B 1 B Slightly volatile Net Income Applicable To Common Shares 1 B 1.5 B 873.4 M Slightly volatile Tax Provision 293.3 M 360 M 253.9 M Slightly volatile Interest Income 72.2 M 76 M 540.9 M Pretty Stable Selling General Administrative 7.2 M 9.9 M 10 M Pretty Stable Reconciled Depreciation 1.6 B 1.8 B 1.3 B Slightly volatile
Fortis Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 128.6 M 209 M 194.6 M Slightly volatile Depreciation 1 B 1.8 B 1 B Slightly volatile Dividends Paid 806.4 M 768 M 468 M Slightly volatile Capital Expenditures 4.4 B 4.2 B 2.6 B Slightly volatile Total Cash From Operating Activities 3.7 B 3.5 B 2.1 B Slightly volatile Net Income 1.8 B 1.7 B 1 B Slightly volatile End Period Cash Flow 656.2 M 625 M 264 M Slightly volatile Stock Based Compensation 51.8 M 66 M 39.2 M Slightly volatile Issuance Of Capital Stock 39 M 41 M 133.3 M Pretty Stable
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 1.3 2.3101 1.9807 Slightly volatile Dividend Yield 0.0393 0.0289 0.0326 Slightly volatile PTB Ratio 1.44 1.2372 1.2094 Slightly volatile Days Sales Outstanding 61.45 51.5633 52.7742 Very volatile Book Value Per Share 50.38 47.9786 39.1304 Slightly volatile Operating Cash Flow Per Share 7.65 7.2897 5.6316 Slightly volatile Stock Based Compensation To Revenue 0.0042 0.0033 0.0043 Slightly volatile Capex To Depreciation 1.94 2.3514 2.3485 Pretty Stable PB Ratio 1.44 1.2372 1.2094 Slightly volatile EV To Sales 2.82 4.8631 4.2242 Slightly volatile ROIC 0.0634 0.0498 0.0537 Slightly volatile Inventory Turnover 12.27 6.6625 9.7179 Slightly volatile Net Income Per Share 3.4 3.2346 2.4979 Slightly volatile Days Of Inventory On Hand 35.21 54.7839 47.0408 Slightly volatile Payables Turnover 2.7 3.8091 3.8428 Pretty Stable Sales General And Administrative To Revenue 1.0E-4 1.0E-4 1.0E-4 Slightly volatile Capex To Revenue 0.23 0.362 0.3256 Slightly volatile Cash Per Share 1.35 1.2852 0.722 Slightly volatile POCF Ratio 5.94 7.5051 7.441 Slightly volatile Interest Coverage 1.85 2.3632 2.3207 Slightly volatile Payout Ratio 0.64 0.4882 0.5391 Pretty Stable Capex To Operating Cash Flow 1.06 1.176 1.2351 Very volatile Days Payables Outstanding 134 95.8234 98.0579 Pretty Stable Income Quality 2.45 2.2537 2.1903 Pretty Stable ROE 0.088 0.0731 0.0734 Pretty Stable EV To Operating Cash Flow 12.79 15.7993 15.9533 Slightly volatile PE Ratio 13.3 16.9138 16.9591 Pretty Stable Return On Tangible Assets 0.0321 0.0301 0.0296 Very volatile Earnings Yield 0.0689 0.0591 0.0615 Slightly volatile Intangibles To Total Assets 0.11 0.2077 0.1869 Slightly volatile Net Debt To EBITDA 4.26 5.9774 5.7971 Slightly volatile Current Ratio 0.5 0.6749 0.653 Slightly volatile Tangible Book Value Per Share 10.17 19.819 15.2168 Very volatile Receivables Turnover 5.36 7.0787 6.961 Very volatile Graham Number 59.57 56.7311 44.82 Slightly volatile Shareholders Equity Per Share 46.43 44.2217 36.1104 Slightly volatile Debt To Equity 1.67 1.3787 1.3572 Slightly volatile Capex Per Share 9.0 8.5729 7.0899 Slightly volatile Revenue Per Share 13.71 23.6829 19.9269 Pretty Stable Interest Debt Per Share 66.84 63.6541 50.4325 Slightly volatile Debt To Assets 0.53 0.4498 0.4435 Slightly volatile Enterprise Value Over EBITDA 7.94 11.3862 10.8896 Slightly volatile Short Term Coverage Ratios 1.34 1.4679 1.9043 Slightly volatile Price Earnings Ratio 13.3 16.9138 16.9591 Pretty Stable Operating Cycle 79.93 106 98.6997 Slightly volatile Price Book Value Ratio 1.44 1.2372 1.2094 Slightly volatile Days Of Payables Outstanding 134 95.8234 98.0579 Pretty Stable Dividend Payout Ratio 0.64 0.4882 0.5391 Pretty Stable Price To Operating Cash Flows Ratio 5.94 7.5051 7.441 Slightly volatile Pretax Profit Margin 0.1 0.1797 0.1498 Slightly volatile Ebt Per Ebit 0.46 0.6712 0.6028 Slightly volatile Operating Profit Margin 0.18 0.2678 0.2419 Slightly volatile Effective Tax Rate 0.26 0.1739 0.1856 Pretty Stable Company Equity Multiplier 3.49 3.0653 3.0778 Slightly volatile Long Term Debt To Capitalization 0.64 0.5588 0.5584 Slightly volatile Total Debt To Capitalization 0.66 0.5796 0.5768 Slightly volatile Return On Capital Employed 0.0801 0.0514 0.058 Slightly volatile Debt Equity Ratio 1.67 1.3787 1.3572 Slightly volatile Ebit Per Revenue 0.18 0.2678 0.2419 Slightly volatile Quick Ratio 0.44 0.58 0.5592 Slightly volatile Dividend Paid And Capex Coverage Ratio 0.73 0.718 0.6923 Pretty Stable Net Income Per E B T 0.58 0.7599 0.7677 Slightly volatile Cash Ratio 0.0789 0.1048 0.0709 Very volatile Operating Cash Flow Sales Ratio 0.18 0.3078 0.2596 Slightly volatile Days Of Inventory Outstanding 35.21 54.7839 47.0408 Slightly volatile Days Of Sales Outstanding 61.45 51.5633 52.7742 Very volatile Cash Flow Coverage Ratios 0.13 0.1196 0.1217 Slightly volatile Price To Book Ratio 1.44 1.2372 1.2094 Slightly volatile Fixed Asset Turnover 0.25 0.2651 0.3125 Slightly volatile Capital Expenditure Coverage Ratio 0.89 0.8503 0.8386 Pretty Stable Price Cash Flow Ratio 5.94 7.5051 7.441 Slightly volatile Enterprise Value Multiple 7.94 11.3862 10.8896 Slightly volatile Debt Ratio 0.53 0.4498 0.4435 Slightly volatile Cash Flow To Debt Ratio 0.13 0.1196 0.1217 Slightly volatile Price Sales Ratio 1.3 2.3101 1.9807 Slightly volatile Return On Assets 0.0278 0.0239 0.0241 Pretty Stable Asset Turnover 0.31 0.1747 0.2194 Slightly volatile Net Profit Margin 0.0776 0.1366 0.1158 Slightly volatile Gross Profit Margin 0.49 0.6726 0.6282 Slightly volatile Price Fair Value 1.44 1.2372 1.2094 Slightly volatile Return On Equity 0.088 0.0731 0.0734 Pretty Stable
Fortis Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 5.6 B 5.3 B 5.4 B Slightly volatile Enterprise Value 2.6 B 5.2 B 5.2 B Very volatile

Fortis Fundamental Market Drivers

About Fortis Financial Statements

Pair Trading with Fortis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis will appreciate offsetting losses from the drop in the long position's value.When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:

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Earnings Projections Details

Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.