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Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fortis Inc is a North American regulated electric and gas utility operating across Canada, the United States and the Caribbean. Long-term growth may be supported by rate-base expansion from grid modernization, renewable integration and selective acquisitions, and investors may find the company attractive for its predictable regulated cash flows and steady dividend profile.
Key risks include regulatory rate decisions, higher interest and financing costs, operational and weather-related disruptions in the Caribbean and execution risk on large capital programs.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 2354.00M | 2174.00M | 2070.00M | 1803.00M | 1639.00M |
| Minority interest | -162.00M | -148.00M | -137.00M | -120.00M | -111.00M |
| Net income | 1799.00M | 1680.00M | 1573.00M | 1394.00M | 1294.00M |
| Gross profit | 8799.00M | 5219.00M | 4857.00M | 7091.00M | 6497.00M |
| Reconciled depreciation | 2057.00M | 1927.00M | 1773.00M | 1668.00M | 1505.00M |
| Ebit | 3832.00M | 3365.00M | 3146.00M | 2740.00M | 2469.00M |
| Ebitda | 5889.00M | 5292.00M | 4919.00M | 4608.00M | 4117.00M |
| Depreciation and amortization | 2057.00M | 1927.00M | 1773.00M | 1868.00M | 1648.00M |
| Operating income | 3492.00M | 3292.00M | 3084.00M | 2740.00M | 2469.00M |
| Other operating expenses | 8678.00M | 8216.00M | 8433.00M | 8303.00M | 6979.00M |
| Interest expense | 1478.00M | 1406.00M | 1305.00M | 1102.00M | 1003.00M |
| Tax provision | 393.00M | 346.00M | 360.00M | 289.00M | 234.00M |
| Interest income | 1361.00M | 1338.00M | 76.00M | 1108.00M | 5.00M |
| Net interest income | -1435.00M | -1342.00M | -1229.00M | -1091.00M | -998.00M |
| Income tax expense | 393.00M | 346.00M | 360.00M | 289.00M | 234.00M |
| Total revenue | 12170.00M | 11508.00M | 11517.00M | 11043.00M | 9448.00M |
| Total operating expenses | 5307.00M | 1927.00M | 1773.00M | 4351.00M | 4028.00M |
| Cost of revenue | 3371.00M | 6289.00M | 6660.00M | 3952.00M | 2951.00M |
| Total other income expense net | -1138.00M | -1118.00M | -1014.00M | -937.00M | -830.00M |
| Net income from continuing ops | 1961.00M | 1828.00M | 1710.00M | 1514.00M | 1405.00M |
| Net income applicable to common shares | 1714.00M | 1606.00M | 1506.00M | 1330.00M | 1231.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 74830.00M | 73486.00M | 65920.00M | 64252.00M | 57659.00M |
| Intangible assets | 1723.00M | 1661.00M | 1510.00M | 1548.00M | 1343.00M |
| Other current assets | 1296.00M | 1040.00M | 1057.00M | 1494.00M | 734.00M |
| Total liab | 48961.00M | 47633.00M | 42588.00M | 41410.00M | 36743.00M |
| Total stockholder equity | 23810.00M | 23808.00M | 21505.00M | 21030.00M | 19288.00M |
| Deferred long term liab | - | - | - | 3095.00M | 3097.00M |
| Other current liab | 2046.00M | 991.00M | 2296.00M | 2596.00M | 1931.00M |
| Common stock | 16112.00M | - | 15108.00M | 14656.00M | 14237.00M |
| Capital stock | 17735.00M | 17212.00M | 16731.00M | 16279.00M | 15860.00M |
| Retained earnings | 4969.00M | 4521.00M | 4112.00M | 3733.00M | 3458.00M |
| Other liab | - | - | - | 8492.00M | 7869.00M |
| Good will | 12527.00M | 13112.00M | 12184.00M | 12464.00M | 11720.00M |
| Other assets | 5143.00M | - | - | 4018.00M | 3834.00M |
| Cash | 367.00M | 220.00M | 625.00M | 209.00M | 131.00M |
| Cash and equivalents | 367.00M | - | - | 209.00M | 131.00M |
| Total current liabilities | 7513.00M | 6036.00M | 5964.00M | 6617.00M | 4802.00M |
| Current deferred revenue | 516.00M | - | 263.00M | 401.00M | 222.00M |
| Net debt | 34306.00M | 33092.00M | 29403.00M | 28826.00M | 25816.00M |
| Short term debt | 3558.00M | - | 2415.00M | 2734.00M | 1875.00M |
| Short long term debt | 3558.00M | 2088.00M | 2415.00M | 2734.00M | 1875.00M |
| Short long term debt total | 34673.00M | - | 30028.00M | 29035.00M | 25947.00M |
| Other stockholder equity | 5.00M | - | 9.00M | 10.00M | 10.00M |
| Property plant equipment | 205.00M | - | - | 175.00M | 37856.00M |
| Total current assets | 3805.00M | 3796.00M | 4025.00M | 4269.00M | 2728.00M |
| Long term investments | 461.00M | 484.00M | 370.00M | 316.00M | 178.00M |
| Net tangible assets | - | - | - | 5395.00M | 4602.00M |
| Net receivables | 1493.00M | 1009.00M | 1627.00M | 1759.00M | 1269.00M |
| Long term debt | 30723.00M | 31224.00M | 27235.00M | 25931.00M | 23707.00M |
| Inventory | 649.00M | 685.00M | 566.00M | 661.00M | 478.00M |
| Accounts payable | 1148.00M | 1121.00M | 990.00M | 886.00M | 774.00M |
| Accumulated other comprehensive income | 1101.00M | - | 653.00M | 1008.00M | -40.00M |
| Non currrent assets other | 5368.00M | 350.00M | 340.00M | 3949.00M | 3834.00M |
| Non current assets total | 71025.00M | 69690.00M | 61895.00M | 59983.00M | 54931.00M |
| Capital lease obligations | 392.00M | 390.00M | 378.00M | 370.00M | 365.00M |
| Long term debt total | 31071.00M | - | - | 26267.00M | 24040.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -5395.00M | -4146.00M | -4059.00M | -3488.00M |
| Change to liabilities | - | - | - | 449.00M | 164.00M |
| Total cashflows from investing activities | -5357.00M | -5395.00M | -3742.00M | -4059.00M | -3488.00M |
| Net borrowings | 2313.00M | 1944.00M | 1415.00M | 1790.00M | 1138.00M |
| Total cash from financing activities | 1461.00M | 1064.00M | 613.00M | 1035.00M | 451.00M |
| Change to operating activities | - | - | - | -134.00M | -164.00M |
| Net income | 1961.00M | 1680.00M | 1573.00M | 1514.00M | 1405.00M |
| Change in cash | 147.00M | -405.00M | 416.00M | 78.00M | -118.00M |
| Begin period cash flow | 220.00M | 625.00M | 209.00M | 131.00M | 249.00M |
| End period cash flow | 367.00M | 220.00M | 625.00M | 209.00M | 131.00M |
| Total cash from operating activities | 4062.00M | 3882.00M | 3545.00M | 3074.00M | 2907.00M |
| Issuance of capital stock | 60.00M | 46.00M | 41.00M | 53.00M | 60.00M |
| Depreciation | 2057.00M | 1927.00M | 1773.00M | 1668.00M | 1505.00M |
| Other cashflows from investing activities | 133.00M | -177.00M | -27.00M | -194.00M | -102.00M |
| Dividends paid | 873.00M | -818.00M | -768.00M | 737.00M | 671.00M |
| Change to inventory | -45.00M | -73.00M | -1.00M | -153.00M | -56.00M |
| Change to account receivables | -52.00M | -2.00M | 142.00M | -479.00M | -88.00M |
| Sale purchase of stock | 60.00M | 46.00M | 43.00M | 53.00M | 60.00M |
| Other cashflows from financing activities | -39.00M | -108.00M | -77.00M | 9626.00M | 6445.00M |
| Change to netincome | - | - | - | 329.00M | 252.00M |
| Capital expenditures | 6234.00M | 5218.00M | 4169.00M | 3865.00M | 3386.00M |
| Change in working capital | -203.00M | 168.00M | -81.00M | -479.00M | -144.00M |
| Stock based compensation | - | - | 66.00M | - | - |
| Other non cash items | -68.00M | -47.00M | 8.00M | 189.00M | -6.00M |
| Free cash flow | -2172.00M | -1336.00M | -624.00M | -791.00M | -479.00M |
Sector: Utilities Industry: Utilities - Regulated Electric
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FTS Fortis Inc |
1.40 1.68% |
84.98 | 22.48 | 21.19 | 3.20 | 1.77 | 6.17 | 12.75 |
| H Hydro One Ltd |
1.05 1.87% |
57.08 | 26.12 | 25.77 | 3.81 | 2.77 | 5.93 | 16.72 |
| FTS-PI Fortis Inc Pref I |
- -% |
19.98 | 6.08 | - | 2.43 | - | - | - |
| FTS-PM Fortis Inc Pref M |
0.05 0.20% |
25.35 | 7.08 | - | 2.16 | - | - | - |
| FTS-PH Fortis Inc Pref H |
0.03 0.15% |
20.45 | 5.24 | - | 2.10 | - | - | - |
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. David Gerard Hutchens | Pres, CEO & Director | 1967 |
| Ms. Jocelyn H. Perry | Exec. VP & CFO | 1971 |
| Mr. James R. Reid | Exec. VP of Sustainability & Chief Legal Officer | NA |
| Mr. Gary J. Smith | Exec. VP of Operations & Innovation | 1962 |
| Mr. Kevin D. Woodbury | VP of Innovation & Technology | NA |
| Mr. Ronald J. Hinsley | Chief Information Officer & VP | NA |
| Ms. Stephanie A. Amaimo | VP of Investor Relations | NA |
| Ms. Karen M. McCarthy BPR, M.Ed | VP of Communications & Corp. Affairs | NA |
| Mr. Regan P. O'Dea | VP & Gen. Counsel | NA |
| Ms. Susan M. Gray | Exec. VP of Western Utility Operations | 1973 |
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