NYSE · FTS
Fortis financials
$53.06−0.11%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.87B | $8.02B | $8.69B | $11.04B | $9.45B | $8.94B | $8.78B | $8.39B | $8.30B | $6.84B |
| Gross profit | $6.41B | $5.76B | $5.85B | $7.09B | $6.50B | $6.37B | $6.26B | $5.89B | $5.94B | $4.50B |
| Gross margin | 72.3% | 71.8% | 67.3% | 64.2% | 68.8% | 71.3% | 71.3% | 70.3% | 71.6% | 65.8% |
| Operating income | $2.54B | $2.29B | $2.33B | $2.74B | $2.47B | $2.51B | $2.46B | $2.37B | $2.51B | $1.48B |
| Net income | $1.25B | $1.12B | $1.14B | $1.33B | $1.23B | $1.21B | $1.66B | $1.10B | $963.0M | $585.0M |
| Net margin | 14.1% | 14.0% | 13.1% | 12.0% | 13.0% | 13.5% | 18.8% | 13.1% | 11.6% | 8.6% |
| Diluted EPS | $2.48 | $2.26 | $2.34 | $2.78 | $2.61 | $2.60 | $3.78 | $2.59 | $2.31 | $1.89 |
| EBITDA | $4.04B | $3.64B | $3.67B | $4.41B | $3.97B | $3.94B | $3.81B | $3.61B | $3.69B | $2.47B |
| Operating cash flow | $2.96B | $2.71B | $2.68B | $3.07B | $2.91B | $2.70B | $2.66B | $2.60B | $2.76B | $1.88B |
| Free cash flow | -$1.37B | -$787.4M | -$332.8M | -$513.0M | -$282.0M | -$1.16B | -$836.0M | -$428.0M | -$57.0M | -$28.0M |
| Diluted shares | 503.7M | 495.2M | 486.5M | 479.0M | 471.4M | 465.4M | 437.5M | 425.2M | 416.2M | 313.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $267.4M | $153.3M | $471.7M | $209.0M | $131.0M | $249.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $25.23B | $23.45B | $22.63B | $29.00B | $25.91B | $24.83B |
| Total assets | $54.52B | $51.21B | $49.75B | $64.25B | $57.66B | $55.48B |
| Total liabilities | $35.67B | $33.19B | $32.14B | $41.41B | $36.74B | $35.20B |
| Shareholders' equity | $18.85B | $18.02B | $17.61B | $22.84B | $20.92B | $20.28B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology