Fortis Gross Profit from 2010 to 2024

FTS Stock

USD 45.16 0.34 0.76%

Fortis Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Fortis Inc makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

1997-03-31

Previous Quarter

738 M

Current Value

814 M

Quarterly Volatility

592.1 M

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

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.

Latest Fortis' Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Fortis Inc over the last few years. Gross profit is a required income statement account that reflects total revenue of Fortis Inc minus its cost of goods sold. It is profit before Fortis operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Fortis' Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortis' overall financial position and show how it may be relating to other accounts over time.

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Last Reported 4.41 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Fortis Gross Profit Regression Statistics

	Arithmetic Mean	4,842,282,667
	Geometric Mean	3,830,588,703
	Coefficient Of Variation	49.16
	Mean Deviation	2,026,671,822
	Median	5,895,000,000
	Standard Deviation	2,380,693,844
	Sample Variance	5667703.2T
	Range	7.9B
	R-Value	0.98
	Mean Square Error	267472.4T
	R-Squared	0.96
	Slope	520,544,714
	Total Sum of Squares	79347844.5T

Fortis Gross Profit History

	2024	8.1 B
	2023	7.7 B
	2022	7.1 B
	2021	6.5 B
	2020	6.4 B
	2019	6.3 B
	2018	5.9 B

Other Fundumenentals of Fortis Inc

Gross Profit Margin

Fortis Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Net Tangible Assets	Long Term Debt	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Intangible Assets	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	-0.02	1.0	0.61	0.95	0.96	1.0	0.94	0.9	0.99	0.92	0.75	1.0	0.94	0.85	0.19	0.91	0.95	0.94	-0.94	0.8	-0.65	0.78
Total Stockholder Equity	1.0		-0.01	0.99	0.61	0.95	0.95	0.99	0.94	0.9	1.0	0.94	0.78	0.99	0.93	0.84	0.19	0.91	0.94	0.93	-0.93	0.81	-0.67	0.8
Current Deferred Revenue	-0.02	-0.01		-0.03	0.04	0.13	-0.14	-0.01	0.13	0.15	-0.07	-0.06	0.04	-0.08	-0.06	0.02	0.12	-0.09	-0.19	-0.29	0.27	-0.11	0.04	-0.13
Net Debt	1.0	0.99	-0.03		0.59	0.95	0.97	1.0	0.94	0.9	0.99	0.91	0.73	1.0	0.94	0.84	0.19	0.91	0.95	0.95	-0.94	0.79	-0.63	0.76
Accounts Payable	0.61	0.61	0.04	0.59		0.69	0.53	0.61	0.64	0.52	0.6	0.6	0.47	0.6	0.49	0.47	0.05	0.7	0.57	0.55	-0.53	0.54	-0.44	0.47
Net Receivables	0.95	0.95	0.13	0.95	0.69		0.86	0.96	0.98	0.95	0.93	0.93	0.81	0.94	0.87	0.91	0.27	0.84	0.91	0.84	-0.87	0.85	-0.73	0.81
Good Will	0.96	0.95	-0.14	0.97	0.53	0.86		0.96	0.85	0.79	0.97	0.81	0.59	0.98	0.92	0.72	0.12	0.92	0.91	0.96	-0.91	0.66	-0.5	0.63
Total Liab	1.0	0.99	-0.01	1.0	0.61	0.96	0.96		0.95	0.9	0.99	0.92	0.75	1.0	0.94	0.85	0.19	0.91	0.95	0.94	-0.94	0.8	-0.64	0.77
Total Current Assets	0.94	0.94	0.13	0.94	0.64	0.98	0.85	0.95		0.94	0.91	0.92	0.81	0.93	0.86	0.92	0.24	0.82	0.9	0.84	-0.86	0.87	-0.69	0.8
Short Term Debt	0.9	0.9	0.15	0.9	0.52	0.95	0.79	0.9	0.94		0.87	0.91	0.86	0.87	0.86	0.94	0.39	0.78	0.87	0.8	-0.83	0.89	-0.81	0.85
Common Stock	0.99	1.0	-0.07	0.99	0.6	0.93	0.97	0.99	0.91	0.87		0.92	0.75	0.99	0.94	0.82	0.18	0.92	0.95	0.95	-0.94	0.79	-0.65	0.78
Retained Earnings	0.92	0.94	-0.06	0.91	0.6	0.93	0.81	0.92	0.92	0.91	0.92		0.92	0.91	0.85	0.9	0.25	0.82	0.92	0.86	-0.9	0.94	-0.82	0.95
Net Tangible Assets	0.75	0.78	0.04	0.73	0.47	0.81	0.59	0.75	0.81	0.86	0.75	0.92		0.71	0.76	0.9	0.41	0.63	0.8	0.67	-0.75	0.92	-0.85	0.95
Long Term Debt	1.0	0.99	-0.08	1.0	0.6	0.94	0.98	1.0	0.93	0.87	0.99	0.91	0.71		0.93	0.83	0.16	0.91	0.95	0.96	-0.95	0.78	-0.61	0.75
Deferred Long Term Liab	0.94	0.93	-0.06	0.94	0.49	0.87	0.92	0.94	0.86	0.86	0.94	0.85	0.76	0.93		0.85	0.36	0.85	0.95	0.91	-0.9	0.73	-0.57	0.72
Long Term Investments	0.85	0.84	0.02	0.84	0.47	0.91	0.72	0.85	0.92	0.94	0.82	0.9	0.9	0.83	0.85		0.41	0.68	0.89	0.78	-0.85	0.92	-0.77	0.88
Short Long Term Debt	0.19	0.19	0.12	0.19	0.05	0.27	0.12	0.19	0.24	0.39	0.18	0.25	0.41	0.16	0.36	0.41		0.13	0.26	0.15	-0.17	0.26	-0.27	0.26
Intangible Assets	0.91	0.91	-0.09	0.91	0.7	0.84	0.92	0.91	0.82	0.78	0.92	0.82	0.63	0.91	0.85	0.68	0.13		0.86	0.93	-0.86	0.72	-0.57	0.65
Property Plant Equipment	0.95	0.94	-0.19	0.95	0.57	0.91	0.91	0.95	0.9	0.87	0.95	0.92	0.8	0.95	0.95	0.89	0.26	0.86		0.94	-0.95	0.84	-0.68	0.82
Long Term Debt Total	0.94	0.93	-0.29	0.95	0.55	0.84	0.96	0.94	0.84	0.8	0.95	0.86	0.67	0.96	0.91	0.78	0.15	0.93	0.94		-0.95	0.78	-0.58	0.73
Capital Surpluse	-0.94	-0.93	0.27	-0.94	-0.53	-0.87	-0.91	-0.94	-0.86	-0.83	-0.94	-0.9	-0.75	-0.95	-0.9	-0.85	-0.17	-0.86	-0.95	-0.95		-0.82	0.67	-0.8
Net Invested Capital	0.8	0.81	-0.11	0.79	0.54	0.85	0.66	0.8	0.87	0.89	0.79	0.94	0.92	0.78	0.73	0.92	0.26	0.72	0.84	0.78	-0.82		-0.87	0.95
Net Working Capital	-0.65	-0.67	0.04	-0.63	-0.44	-0.73	-0.5	-0.64	-0.69	-0.81	-0.65	-0.82	-0.85	-0.61	-0.57	-0.77	-0.27	-0.57	-0.68	-0.58	0.67	-0.87		-0.91
Capital Stock	0.78	0.8	-0.13	0.76	0.47	0.81	0.63	0.77	0.8	0.85	0.78	0.95	0.95	0.75	0.72	0.88	0.26	0.65	0.82	0.73	-0.8	0.95	-0.91

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About Fortis Financial Statements

Fortis shareholders use historical fundamental indicators, such as Gross Profit, 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 Reported	Projected for Next Year
Gross Profit	7.7 B	8.1 B
Gross Profit Margin	0.67	0.49

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