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Fortis Inc.

FTS
Exchange
NYSE
Industry
Electric Services
SEC CIK
0001666175

No open-market purchases or sales by Fortis Inc. insiders were filed in the last 90 days; 361 institutions reported holding it in 13F filings for Q2 2026, worth $15.3B in total; no superinvestor holds it.

Other share classesFINCFFORFFFRTJFFRTSFFTPSFFTRSF

Currency
CAD
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 1:53 PM ET

Amounts are in CAD, the currency Fortis Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of Fortis Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
RevenueCAD 12.2B≈ US$8.71BCAD 11.5B≈ US$8.40BCAD 11.5B≈ US$8.54BCAD 11.0B≈ US$8.49BCAD 9.45B≈ US$7.54B
Cost of revenueCAD 3.37BCAD 3.25BCAD 3.77BCAD 3.95BCAD 2.95B
Operating expensesCAD 3.25BCAD 3.04BCAD 2.89BCAD 2.68BCAD 2.52B
Operating incomeCAD 3.49BCAD 3.29BCAD 3.08BCAD 2.74BCAD 2.47B
Interest expense––CAD 1.30BCAD 1.10BCAD 1.00B
Income taxCAD 393.0MCAD 346.0MCAD 360.0MCAD 289.0MCAD 234.0M
Net incomeCAD 1.96B≈ US$1.40BCAD 1.83B≈ US$1.33BCAD 1.71B≈ US$1.27BCAD 1.51B≈ US$1.16BCAD 1.41B≈ US$1.12B
EPS, basicCAD 3.40CAD 3.24CAD 3.10CAD 2.78CAD 2.61
EPS, dilutedCAD 3.40CAD 3.24CAD 3.10CAD 2.78CAD 2.61
Weighted shares, basic503.5M495.0M486.3M478.6M470.9M
Weighted shares, diluted503.7M495.2M486.5M479.0M471.4M
Margins and growth
Operating margin28.7%28.6%26.8%24.8%26.1%
Net margin16.1%15.9%14.8%13.7%14.9%
Revenue growth, year over year+5.8%−0.1%+4.3%+16.9%+5.7%
Net income growth, year over year+7.3%+6.9%+12.9%+7.8%+1.2%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Fortis Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
Cash and equivalentsCAD 367.0MCAD 220.0MCAD 625.0MCAD 209.0MCAD 131.0M
Accounts receivableCAD 1.49BCAD 1.67BCAD 1.55BCAD 1.76BCAD 1.27B
Total current assetsCAD 3.81BCAD 3.80BCAD 4.03BCAD 4.27BCAD 2.73B
GoodwillCAD 12.5BCAD 13.1BCAD 12.2BCAD 12.5BCAD 11.7B
Intangible assetsCAD 1.72BCAD 1.66BCAD 1.51BCAD 1.55BCAD 1.34B
Total assetsCAD 74.8B≈ US$54.6BCAD 73.5B≈ US$51.0BCAD 65.9B≈ US$49.9BCAD 64.3B≈ US$47.5BCAD 57.7B≈ US$45.1B
Short-term debtCAD 412.0MCAD 98.0MCAD 119.0MCAD 253.0MCAD 247.0M
Total current liabilitiesCAD 7.51BCAD 6.04BCAD 5.96BCAD 6.62BCAD 4.80B
Long-term debtCAD 30.7BCAD 31.2BCAD 27.2BCAD 25.9BCAD 23.7B
Total liabilitiesCAD 49.0BCAD 47.6BCAD 42.6BCAD 41.4BCAD 36.7B
Shareholders' equityCAD 25.9BCAD 25.9BCAD 23.3BCAD 22.8BCAD 20.9B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Fortis Inc., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing40-F40-F40-F40-F40-F
Reported–––––
Operating cash flowCAD 4.06B≈ US$2.91BCAD 3.88B≈ US$2.83BCAD 3.54B≈ US$2.63BCAD 3.07B≈ US$2.36BCAD 2.91B≈ US$2.32B
Capital expendituresCAD 5.94BCAD 5.01BCAD 3.99BCAD 3.59BCAD 3.19B
Free cash flowCAD -1.88B≈ US-$1.35BCAD -1.13B≈ US-$825.1MCAD -441.0M≈ US-$326.9MCAD -513.0M≈ US-$394.6MCAD -282.0M≈ US-$225.1M
Depreciation and amortizationCAD 2.06BCAD 1.93BCAD 1.77BCAD 1.67BCAD 1.50B
Dividends paidCAD 788.0MCAD 744.0MCAD 701.0MCAD 673.0MCAD 608.0M
Investing cash flowCAD -5.36BCAD -5.39BCAD -3.74BCAD -4.06BCAD -3.49B
Financing cash flowCAD 1.46BCAD 1.06BCAD 613.0MCAD 1.03BCAD 451.0M
Net change in cashCAD 147.0MCAD -405.0MCAD 416.0MCAD 78.0MCAD -118.0M

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for Fortis Inc. by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 2025507.3M+1.6%SEC
Dec 31, 2024499.3M+1.8%SEC
Dec 31, 2023490.6M+1.8%SEC
Dec 31, 2022482.2M+1.6%SEC
Dec 31, 2021474.8M+1.7%SEC
Dec 31, 2020466.8M+0.8%SEC
Dec 31, 2019463.3M+8.1%SEC
Dec 31, 2018428.5M+1.7%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert CAD at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.