Fortis Inc. (TSX:FTS)
Canada
· Delayed Price · Currency is CAD 78.31
-0.42 (-0.53%)
At close: Mar 5, 2026
Fortis Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Revenue | 12,170 | 11,508 | 11,517 | 11,043 | 9,448 | Upgrade
|
| Revenue Growth (YoY) | 5.75% | -0.08% | 4.29% | 16.88% | 5.74% | Upgrade
|
| Fuel & Purchased Power | 3,371 | 3,249 | 3,771 | 3,952 | 2,951 | Upgrade
|
| Depreciation & Amortization | 2,057 | 1,927 | 1,773 | 1,668 | 1,505 | Upgrade
|
| Other Operating Expenses | 3,170 | 2,967 | 2,827 | 2,591 | 2,478 | Upgrade
|
| Total Operating Expenses | 8,598 | 8,143 | 8,371 | 8,211 | 6,934 | Upgrade
|
| Operating Income | 3,572 | 3,365 | 3,146 | 2,832 | 2,514 | Upgrade
|
| Interest Expense | -1,574 | -1,480 | -1,361 | -1,147 | -1,042 | Upgrade
|
| Interest Income | 43 | 64 | 76 | 11 | 5 | Upgrade
|
| Net Interest Expense | -1,531 | -1,416 | -1,285 | -1,136 | -1,037 | Upgrade
|
| Income (Loss) on Equity Investments | 15 | 14 | 14 | - | - | Upgrade
|
| Currency Exchange Gain (Loss) | 13 | -10 | 4 | -9 | -11 | Upgrade
|
| Allowance for Equity Funds for Construction | 174 | 139 | 101 | 78 | 77 | Upgrade
|
| Allowance for Borrowed Funds for Construction | 96 | 74 | 56 | 45 | 39 | Upgrade
|
| Other Non-Operating Income (Expenses) | 15 | 8 | 34 | 11 | 53 | Upgrade
|
| EBT Excluding Unusual Items | 2,354 | 2,174 | 2,070 | 1,821 | 1,635 | Upgrade
|
| Gain (Loss) on Sale of Investments | - | - | - | -18 | 4 | Upgrade
|
| Pretax Income | 2,354 | 2,174 | 2,070 | 1,803 | 1,639 | Upgrade
|
| Income Tax Expense | 393 | 346 | 360 | 289 | 234 | Upgrade
|
| Earnings From Continuing Ops. | 1,961 | 1,828 | 1,710 | 1,514 | 1,405 | Upgrade
|
| Minority Interest in Earnings | -162 | -148 | -137 | -120 | -111 | Upgrade
|
| Net Income | 1,799 | 1,680 | 1,573 | 1,394 | 1,294 | Upgrade
|
| Preferred Dividends & Other Adjustments | 85 | 74 | 67 | 64 | 63 | Upgrade
|
| Net Income to Common | 1,714 | 1,606 | 1,506 | 1,330 | 1,231 | Upgrade
|
| Net Income Growth | 7.08% | 6.80% | 12.84% | 7.73% | 1.57% | Upgrade
|
| Shares Outstanding (Basic) | 504 | 495 | 486 | 479 | 471 | Upgrade
|
| Shares Outstanding (Diluted) | 504 | 495 | 487 | 479 | 471 | Upgrade
|
| Shares Change (YoY) | 1.72% | 1.79% | 1.57% | 1.61% | 1.29% | Upgrade
|
| EPS (Basic) | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | Upgrade
|
| EPS (Diluted) | 3.40 | 3.24 | 3.10 | 2.78 | 2.61 | Upgrade
|
| EPS Growth | 4.94% | 4.62% | 11.44% | 6.47% | 0.39% | Upgrade
|
| Free Cash Flow | -1,880 | -1,130 | -441 | -513 | -282 | Upgrade
|
| Free Cash Flow Per Share | -3.73 | -2.28 | -0.91 | -1.07 | -0.60 | Upgrade
|
| Dividend Per Share | 2.485 | 2.390 | 2.290 | 2.170 | 2.050 | Upgrade
|
| Dividend Growth | 3.98% | 4.37% | 5.53% | 5.85% | 5.81% | Upgrade
|
| Profit Margin | 14.08% | 13.96% | 13.08% | 12.04% | 13.03% | Upgrade
|
| Free Cash Flow Margin | -15.45% | -9.82% | -3.83% | -4.64% | -2.99% | Upgrade
|
| EBITDA | 5,629 | 5,292 | 4,919 | 4,500 | 4,019 | Upgrade
|
| EBITDA Margin | 46.25% | 45.98% | 42.71% | 40.75% | 42.54% | Upgrade
|
| D&A For EBITDA | 2,057 | 1,927 | 1,773 | 1,668 | 1,505 | Upgrade
|
| EBIT | 3,572 | 3,365 | 3,146 | 2,832 | 2,514 | Upgrade
|
| EBIT Margin | 29.35% | 29.24% | 27.32% | 25.64% | 26.61% | Upgrade
|
| Effective Tax Rate | 16.70% | 15.92% | 17.39% | 16.03% | 14.28% | Upgrade
|
Source: S&P Capital IQ. Utility template. Financial Sources.