The financials
Fortis Inc. by the numbers
Fortis Inc. (FTS) reported revenue of CAD 6.02B in H2 2025 (quarter ended December 31, 2025), up 125% from the same quarter a year earlier. That came with a gross margin of 73% and net income of CAD 959M (16% of revenue). For the full year FY2025, revenue was CAD 12.2B (+5.8% year on year) and net income CAD 1.96B.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | CAD 6.02B | CAD 2.67B | +125% |
| Gross profit | CAD 4.40B | CAD 1.96B | +125% |
| Operating income | CAD 1.74B | CAD 738M | +136% |
| Net income | CAD 959M | CAD 387M | +148% |
| Diluted EPS | CAD 1.64 | CAD 0.67 | +145% |
Utilities - Regulated Electric
Ranks #29 of 37 by Smart Score