Fortis Inc. (FTS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Feb 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FTS SEC filings page.
Fortis Inc. (FTS) reported $8.9B in revenue for fiscal year 2025, up 11.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Fortis Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fortis Inc. has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is up from 28.6% the prior year.
Fortis Inc.'s revenue grew 11.1% year-over-year to $8.9B, a solid pace of expansion. This earns a growth score of 26/100.
Fortis Inc. has elevated debt relative to equity (D/E of 1.29), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Fortis Inc.'s current ratio of 0.51 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Fortis Inc. generated $3.0B in operating cash flow, capex of $4.3B consumed most of it, leaving -$1.4B in free cash flow. This results in a low score of 41/100, reflecting heavy capital investment rather than weak cash generation.
Fortis Inc. earns a strong 7.6% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is up from 7.1% the prior year.
Fortis Inc. scores 0.85, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $2.7B against total assets of $54.6B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Fortis Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Fortis Inc. generates $2.26 in operating cash flow ($3.0B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Fortis Inc. earns $2.36 in operating income for every $1 of interest expense ($2.5B vs $1.1B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Fortis Inc. generated $8.9B in revenue in fiscal year 2025. This represents an increase of 11.1% from the prior year.
Fortis Inc.'s EBITDA was $4.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.7% from the prior year.
Fortis Inc. reported $1.3B in net income in fiscal year 2025. This represents an increase of 12.5% from the prior year.
Fortis Inc. earned $2.48 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.2% from the prior year.
Cash & Balance Sheet
Fortis Inc. recorded an outflow of $1.4B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Fortis Inc. held $267.6M in cash against $22.4B in long-term debt as of fiscal year 2025.
Fortis Inc. paid $1.83 per share in dividends in fiscal year 2025. This represents an increase of 9.4% from the prior year.
Margins & Returns
Fortis Inc.'s gross margin was 72.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Fortis Inc.'s operating margin was 28.7% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Fortis Inc.'s net profit margin was 14.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Fortis Inc.'s ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the prior year.
Capital Allocation
Fortis Inc. invested $4.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 24.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
FTS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.9B+11.1% | $8.0B-8.4% | $8.7B+6.9% | $8.2B+10.4% | $7.4B+5.5% | $7.0B+3.4% | $6.8B+10.2% | $6.1B-7.3% | $6.6B+30.2% | $5.1B+4.3% | $4.9B |
| Cost of Revenue | $2.5B+9.0% | $2.3B-21.0% | $2.9B-2.2% | $2.9B+26.4% | $2.3B+15.0% | $2.0B+3.3% | $1.9B+6.3% | $1.8B-3.1% | $1.9B | N/A | N/A |
| Gross Profit | $6.4B+11.9% | $5.7B-2.2% | $5.9B+12.0% | $5.2B+3.1% | $5.1B+1.8% | $5.0B+3.4% | $4.8B+11.8% | $4.3B-9.0% | $4.7B | N/A | N/A |
| Operating Income | $2.5B+11.4% | $2.3B-2.1% | $2.3B+15.4% | $2.0B+4.8% | $1.9B-1.7% | $2.0B-16.1% | $2.3B+35.2% | $1.7B-13.6% | $2.0B+81.6% | $1.1B+7.7% | $1.0B |
| EBITDA | $4.0B+11.7% | $3.6B-1.5% | $3.7B+12.9% | $3.3B+4.7% | $3.1B+0.8% | $3.1B-8.8% | $3.4B+28.0% | $2.6B-10.3% | $2.9B+60.5% | $1.8B+10.9% | $1.7B |
| Interest Expense | $1.1B+10.4% | $976.4M-1.2% | $988.5M+21.4% | $814.4M+3.7% | $785.0M-3.9% | $817.1M+2.3% | $798.5M+11.9% | $713.9M-2.2% | $730.2M+44.6% | $505.0M+26.4% | $399.6M |
| Income Tax | $286.6M+19.3% | $240.3M-11.9% | $272.7M+27.7% | $213.6M+16.6% | $183.1M+1.1% | $181.1M-18.8% | $223.0M+84.4% | $120.9M-74.3% | $469.8M+335.0% | $108.0M-33.0% | $161.1M |
| Net Income | $1.3B+12.5% | $1.2B-2.1% | $1.2B+15.7% | $1.0B+1.7% | $1.0B+1.4% | $999.0M-24.8% | $1.3B+55.5% | $854.6M+4.1% | $821.3M+67.1% | $491.6M-15.5% | $581.7M |
| EPS (Basic) | $2.48+10.2% | $2.25-4.2% | $2.35+14.3% | $2.05+0.6% | $2.04+0.2% | $2.04-30.3% | $2.92+54.0% | $1.90+2.4% | $1.85+31.7% | $1.41-25.4% | $1.89 |
| EPS (Diluted) | $2.48+10.2% | $2.25-4.2% | $2.35+14.3% | $2.05+0.6% | $2.04+0.2% | $2.04-30.1% | $2.92+53.6% | $1.90+2.9% | $1.85+31.1% | $1.41-24.8% | $1.87 |
| Diluted Shares (Avg) | 504M+1.7% | 495M+1.8% | 487M+1.6% | 479M+1.6% | 471M+1.3% | 465M+6.4% | 438M+2.9% | 425M+2.2% | 416M+32.8% | 313M+10.1% | 285M |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
FTS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $54.6B+6.9% | $51.0B+2.2% | $49.9B+5.2% | $47.5B+5.2% | $45.1B+3.7% | $43.5B+5.6% | $41.2B+6.0% | $38.9B+1.8% | $38.2B+7.1% | $35.7B+71.4% | $20.8B |
| Current Assets | $2.8B+5.3% | $2.6B-13.5% | $3.0B-3.4% | $3.2B+47.8% | $2.1B+4.2% | $2.0B+3.1% | $2.0B-16.9% | $2.4B+35.6% | $1.8B+9.3% | $1.6B+20.2% | $1.3B |
| Cash & Equivalents | $267.6M+75.2% | $152.8M-67.7% | $473.4M+206.5% | $154.4M+50.6% | $102.5M-47.5% | $195.2M-31.6% | $285.4M+17.3% | $243.3M-6.9% | $261.2M+30.4% | $200.4M+14.6% | $174.9M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Accounts Receivable | $1.1B-6.1% | $1.2B-1.2% | $1.2B-9.7% | $1.3B+30.9% | $993.2M+14.9% | $864.1M+4.7% | $825.5M+4.3% | $791.6M0.0% | $791.7M | N/A | N/A |
| Long-Term Investments | $179.4M+14.8% | $156.3M+14.6% | $136.3M+60.4% | $85.0M+26.3% | $67.3M+30.1% | $51.8M+56.0% | $33.2M+33.1% | $24.9M+7.6% | $23.2Mn/m | $0-100.0% | $23.8M |
| Goodwill | $9.1B+0.3% | $9.1B-1.3% | $9.2B+0.2% | $9.2B+0.4% | $9.2B-0.8% | $9.2B-0.2% | $9.3B+0.8% | $9.2B-1.3% | $9.3B+1.0% | $9.2B+205.4% | $3.0B |
| Total Liabilities | $35.7B+7.9% | $33.1B+2.5% | $32.3B+5.4% | $30.6B+6.4% | $28.8B+4.2% | $27.6B+7.5% | $25.7B+1.3% | $25.4B+2.1% | $24.8B+6.0% | $23.4B+75.7% | $13.3B |
| Current Liabilities | $5.5B+30.7% | $4.2B-7.2% | $4.5B-7.6% | $4.9B+30.1% | $3.8B+15.5% | $3.3B+1.0% | $3.2B+3.4% | $3.1B+11.3% | $2.8B-4.7% | $2.9B+54.1% | $1.9B |
| Non-Current Liabilities | $30.2B+4.6% | $28.9B+4.1% | $27.7B+7.9% | $25.7B+2.9% | $25.0B+2.7% | $24.3B+8.4% | $22.5B+1.0% | $22.2B+1.0% | $22.0B+7.5% | $20.5B+79.3% | $11.4B |
| Long-Term Debt | $22.4B+3.3% | $21.7B+5.1% | $20.6B+7.7% | $19.2B+3.3% | $18.6B+2.4% | $18.1B+9.3% | $16.6B-2.3% | $17.0B+2.7% | $16.5B+6.6% | $15.5B+99.0% | $7.8B |
| Total Equity | $17.4B+5.0% | $16.5B+1.5% | $16.3B+4.8% | $15.5B+2.9% | $15.1B+3.0% | $14.7B+2.5% | $14.3B+18.0% | $12.1B+1.1% | $12.0B+10.2% | $10.9B+52.3% | $7.1B |
| Retained Earnings | $3.6B+15.4% | $3.1B+0.8% | $3.1B+12.9% | $2.8B+1.9% | $2.7B+7.5% | $2.5B+11.9% | $2.2B+47.4% | $1.5B+10.6% | $1.4B+27.3% | $1.1B+8.1% | $1.0B |
Not reported in any period shown, so not listed: Inventory.
FTS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.0B+9.9% | $2.7B+0.4% | $2.7B+18.2% | $2.3B-0.2% | $2.3B+7.4% | $2.1B+3.1% | $2.1B+7.6% | $1.9B-13.3% | $2.2B+56.9% | $1.4B+16.1% | $1.2B |
| Depreciation & Amortization | $1.5B+12.1% | $1.3B-0.4% | $1.3B+9.0% | $1.2B+4.6% | $1.2B+5.2% | $1.1B+7.5% | $1.0B+14.3% | $911.0M-3.3% | $941.9M+28.6% | $732.2M+16.1% | $630.8M |
| Capital Expenditures | $4.3B+24.5% | $3.5B+15.3% | $3.0B+13.9% | $2.7B+6.2% | $2.5B-17.5% | $3.0B+12.0% | $2.7B+21.5% | $2.2B-1.1% | $2.2B+57.8% | $1.4B-7.5% | $1.5B |
| Free Cash Flow | -$1.4Bn/m | -$784.7Mn/m | -$334.0Mn/m | -$379.1Mn/m | -$220.7Mn/m | -$906.5Mn/m | -$645.0Mn/m | -$313.7Mn/m | -$45.5Mn/m | -$20.9Mn/m | -$330.9M |
| Investing Cash Flow | -$3.9Bn/m | -$3.7Bn/m | -$2.8Bn/m | -$3.0Bn/m | -$2.7Bn/m | -$3.2Bn/m | -$2.1Bn/m | -$2.4Bn/m | -$2.4Bn/m | -$5.1Bn/m | -$988.5M |
| Financing Cash Flow | $1.1B+44.2% | $738.9M+59.1% | $464.3M-39.3% | $764.9M+116.7% | $353.0M-66.1% | $1.0B+775.8% | $118.8M-74.8% | $472.0M+74.3% | $270.8M-92.8% | $3.8Bn/m | -$250.0M |
| Dividends Paid | $574.7M+11.2% | $516.7M-2.7% | $531.0M+6.8% | $497.3M+4.5% | $475.9M-22.8% | $616.3M+61.7% | $381.1M+13.3% | $336.4M+0.5% | $334.7M+42.2% | $235.4M+40.4% | $167.6M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.
FTS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.3%+0.5pp | 71.8%+4.5pp | 67.3%+3.0pp | 64.2%-4.6pp | 68.8%-2.6pp | 71.3%0.0pp | 71.3%+1.0pp | 70.3%-1.3pp | 71.6% | N/A | N/A |
| Operating Margin | 28.7%+0.1pp | 28.6%+1.8pp | 26.8%+2.0pp | 24.8%-1.3pp | 26.1%-1.9pp | 28.1%-6.5pp | 34.6%+6.4pp | 28.2%-2.1pp | 30.3%+8.6pp | 21.7%+0.7pp | 21.0% |
| Net Margin | 14.8%+0.2pp | 14.6%+0.9pp | 13.7%+1.0pp | 12.6%-1.1pp | 13.7%-0.6pp | 14.3%-5.3pp | 19.6%+5.7pp | 13.9%+1.5pp | 12.4%+2.7pp | 9.7%-2.3pp | 11.9% |
| Return on Equity | 7.6%+0.5pp | 7.1%-0.3pp | 7.3%+0.7pp | 6.6%-0.1pp | 6.7%-0.1pp | 6.8%-2.5pp | 9.3%+2.2pp | 7.0%+0.2pp | 6.9%+2.3pp | 4.5%-3.6pp | 8.2% |
| Return on Assets | 2.4%+0.1pp | 2.3%-0.1pp | 2.4%+0.2pp | 2.2%-0.1pp | 2.2%-0.1pp | 2.3%-0.9pp | 3.2%+1.0pp | 2.2%+0.1pp | 2.1%+0.8pp | 1.4%-1.4pp | 2.8% |
| Current Ratio | 0.51-0.1x | 0.630.0x | 0.670.0x | 0.65+0.1x | 0.57-0.1x | 0.630.0x | 0.62-0.2x | 0.77+0.1x | 0.63+0.1x | 0.55-0.2x | 0.70 |
| Debt-to-Equity | 1.290.0x | 1.310.0x | 1.270.0x | 1.230.0x | 1.230.0x | 1.24+0.1x | 1.16-0.2x | 1.400.0x | 1.380.0x | 1.43+0.3x | 1.09 |
| Liabilities-to-Equity | 2.06+0.1x | 2.000.0x | 1.980.0x | 1.97+0.1x | 1.910.0x | 1.88+0.1x | 1.80-0.3x | 2.090.0x | 2.07-0.1x | 2.15+0.3x | 1.87 |
| Asset Turnover | 0.160.0x | 0.160.0x | 0.170.0x | 0.170.0x | 0.160.0x | 0.160.0x | 0.160.0x | 0.160.0x | 0.170.0x | 0.14-0.1x | 0.23 |
| FCF Margin | -15.4%-5.6pp | -9.8%-6.0pp | -3.8%+0.8pp | -4.7%-1.7pp | -3.0%+10.0pp | -12.9%-3.4pp | -9.5%-4.4pp | -5.1%-4.4pp | -0.7%-0.3pp | -0.4%+6.4pp | -6.8% |
Note: The current ratio is below 1.0 (0.51), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Fortis Inc. FTS | FY2025 | $8.9B | $1.3B | 14.8% | $29.6B | 45/100 |
| Ameren Corporation AEE | FY2025 | $8.8B | $1.5B | 16.6% | $30.2B | 49/100 |
| DTE Energy Company DTE | FY2025 | N/A | $1.5B | N/A | $27.7B | — |
| PPL Corporation PPL | FY2025 | $9.0B | $1.2B | 13.1% | $26.6B | 52/100 |
| FirstEnergy Corp. FE | FY2025 | $15.1B | $1.0B | 6.8% | $26.9B | 44/100 |
| CenterPoint Energy, Inc. CNP | FY2025 | $9.4B | $1.1B | 11.2% | $27.1B | 46/100 |
Where Fortis Inc. Ranks
Frequently Asked Questions
What is Fortis Inc.'s annual revenue?
Fortis Inc. (FTS) reported $8.9B in total revenue for fiscal year 2025. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fortis Inc.'s revenue growing?
Fortis Inc. (FTS) revenue grew by 11.1% year-over-year, from $8.0B to $8.9B in fiscal year 2025.
Is Fortis Inc. profitable?
Yes, Fortis Inc. (FTS) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 14.8%.
What is Fortis Inc.'s EBITDA?
Fortis Inc. (FTS) had EBITDA of $4.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fortis Inc. have?
As of fiscal year 2025, Fortis Inc. (FTS) had $267.6M in cash and equivalents against $22.4B in long-term debt.
What is Fortis Inc.'s gross margin?
Fortis Inc. (FTS) had a gross margin of 72.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fortis Inc.'s operating margin?
Fortis Inc. (FTS) had an operating margin of 28.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fortis Inc.'s net profit margin?
Fortis Inc. (FTS) had a net profit margin of 14.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Fortis Inc. pay dividends?
Yes, Fortis Inc. (FTS) paid $1.83 per share in dividends during fiscal year 2025.
What is Fortis Inc.'s return on equity (ROE)?
Fortis Inc. (FTS) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fortis Inc.'s free cash flow?
Fortis Inc. (FTS) recorded an outflow of $1.4B in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fortis Inc.'s operating cash flow?
Fortis Inc. (FTS) generated $3.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fortis Inc.'s total assets?
Fortis Inc. (FTS) had $54.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fortis Inc.'s capital expenditures?
Fortis Inc. (FTS) invested $4.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Fortis Inc.'s current ratio?
Fortis Inc. (FTS) had a current ratio of 0.51 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Fortis Inc.'s debt-to-equity ratio?
Fortis Inc. (FTS) had a debt-to-equity ratio of 1.29 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Fortis Inc.'s liabilities-to-equity ratio?
Fortis Inc. (FTS) had a liabilities-to-equity ratio of 2.06 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Fortis Inc.'s return on assets (ROA)?
Fortis Inc. (FTS) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fortis Inc.'s P/E ratio?
Fortis Inc. (FTS) trades at 22.5x earnings, its market capitalization divided by $1.3B net income, FY2025. The market capitalization is $29.6B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fortis Inc.'s price-to-sales ratio?
Fortis Inc. (FTS) trades at 3.3x sales, its market capitalization divided by $8.9B revenue, FY2025. The market capitalization is $29.6B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fortis Inc.'s Altman Z-Score?
Fortis Inc. (FTS) has an Altman Z-Score of 0.85, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fortis Inc.'s Piotroski F-Score?
Fortis Inc. (FTS) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fortis Inc.'s earnings high quality?
Fortis Inc. (FTS) has an earnings quality ratio of 2.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fortis Inc. cover its interest payments?
Fortis Inc. (FTS) has an interest coverage ratio of 2.36x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fortis Inc.?
Fortis Inc. (FTS) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.