$54.10-0.70%
as of market close, Sep 18, 2026
☾ AH — —
FTS financial statements
The full income statement, balance sheet, and cash-flow statement for Fortis Inc. (FTS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 421.1M2018-12 428.5M2019-12 463.3M2020-12 466.8M2021-12 474.8M2022-12 482.2M2023-12 490.6M2024-12 499.3M2025-12 507.3M+20.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.71B+3.8% | 8.40B-1.6% | 8.53B+1.8% | 8.38B+11.2% | 7.54B+13.1% | |
| Cost of revenue | 2.41B+1.8% | 2.37B-15.2% | 2.79B-8.0% | 3.04B+28.9% | 2.35B+23.2% | |
| 2.33B+4.9% | 2.22B+3.6% | 2.14B+3.9% | 2.06B+2.4% | 2.01B+10.8% | ||
| Amortization of intangibles | 115M+2.6% | 112M+0.4% | 111M-0.2% | 111M+2.7% | 109M+11.1% | |
| Provision for credit losses | 27.2M+24.3% | 21.9M-10.5% | 24.5M+17.9% | 20.7M+271.4% | 5.59M-79.2% | |
| Operating income | 2.50B+4.1% | 2.40B+5.1% | 2.29B+8.6% | 2.10B+6.8% | 1.97B+5.3% | |
| Interest expense | 1.06B+3.1% | 1.03B+6.1% | 967M+14.2% | 847M+5.8% | 800M+3.0% | |
| Other non-operating income | 716K-86.0% | 5.11M+244.6% | 1.48M-89.8% | 14.6M+52.4% | 9.58M+1383.8% | |
| Equity-method income | 10.7M+5.1% | 10.2M-1.5% | 10.4M | — | 5.59M-62.6% | |
| Pre-tax income | 1.68B+6.2% | 1.59B+3.4% | 1.53B+10.7% | 1.39B+5.9% | 1.31B+8.2% | |
| Income tax | 281M+11.4% | 252M-5.4% | 267M+20.1% | 222M+18.9% | 187M+8.4% | |
| 1.40B+5.2% | 1.33B+5.2% | 1.27B+8.9% | 1.16B+3.7% | 1.12B+8.2% | ||
| Net income to non-controlling interest | 116M+7.4% | 108M+6.4% | 102M+10.1% | 92.2M+4.1% | 88.6M+3.3% | |
| Preferred dividends | 60.8M+12.7% | 54.0M+8.7% | 49.6M+1.0% | 49.2M-2.2% | 50.3M+3.7% | |
| Net income to common | 1.23B+4.7% | 1.17B+5.0% | 1.12B+9.2% | 1.02B+4.0% | 982M+8.9% | |
| $2.43+3.0% | $2.36+2.9% | $2.30+7.6% | $2.14+2.6% | $2.08+7.4% | ||
| EPS (basic) | $2.43+3.0% | $2.36+2.9% | $2.30+7.6% | $2.14+2.6% | $2.08+7.4% | |
| Weighted-avg shares (basic) | 504M+1.7% | 495M+1.8% | 486M+1.6% | 479M+1.6% | 471M+1.3% | |
| Weighted-avg shares (diluted) | 504M+1.7% | 495M+1.8% | 487M+1.6% | 479M+1.6% | 471M+1.3% | |
| Dividends per share | $1.80+2.2% | $1.76+2.7% | $1.71+1.3% | $1.69+1.8% | $1.66+13.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.78B+5.1% | 2.64B-13.1% | 3.04B-3.6% | 3.15B+47.3% | 2.14B+4.6% | ||
| Cash & equivalents | 268M+74.9% | 153M-67.5% | 472M+205.8% | 154M+50.2% | 103M-47.3% | |
| Accounts receivable | 1.09B-6.2% | 1.16B-0.7% | 1.17B-10.0% | 1.30B+30.5% | 996M+15.3% | |
| Prepaid expenses | 131M+3.1% | 127M+11.9% | 113M+5.0% | 108M+18.5% | 91.1M+13.9% | |
| Other current assets | 147M-2.4% | 151M+4.7% | 144M-66.3% | 429M+125.6% | 190M+24.3% | |
| 54.6B+6.8% | 51.2B+2.8% | 49.8B+4.9% | 47.5B+4.9% | 45.3B+4.1% | ||
| Operating lease right-of-use | 43.8M-1.7% | 44.6M+15.7% | 38.5M+21.3% | 31.8M+1.2% | 31.4M+0.1% | |
| Goodwill | 9.15B+0.2% | 9.13B-0.8% | 9.20B-0.0% | 9.21B+0.1% | 9.20B-0.5% | |
| Intangible assets | 1.26B+8.7% | 1.16B+1.4% | 1.14B-0.3% | 1.14B+8.5% | 1.05B+4.2% | |
| Other non-current assets | 1.30B+13.0% | 1.15B+17.4% | 981M+9.4% | 896M+19.6% | 750M+42.7% | |
| 5.49B+30.5% | 4.20B-6.7% | 4.51B-7.8% | 4.89B+29.7% | 3.77B+15.9% | ||
| Accounts payable | 838M+7.4% | 781M+4.4% | 748M+14.2% | 655M+7.7% | 608M+9.6% | |
| Short-term & current debt | 2.30B+65.7% | 1.39B-20.1% | 1.73B-5.4% | 1.83B+43.4% | 1.28B+30.0% | |
| Current lease liability | 11.7M-1.3% | 11.8M+30.6% | 9.06M+36.3% | 6.65M+5.9% | 6.28M+14.4% | |
| Finance lease liability (current) | 3.65M+31.0% | 2.79M+22.9% | 2.27M+53.4% | 1.48M-52.9% | 3.14M+100.3% | |
| 35.7B+7.8% | 33.2B+3.1% | 32.2B+5.2% | 30.6B+6.1% | 28.8B+4.5% | ||
| Long-term debt | 22.4B+3.2% | 21.7B+5.7% | 20.6B+7.4% | 19.2B+3.0% | 18.6B+2.7% | |
| Deferred revenue (non-current) | 10.2M-26.6% | 13.9M-31.7% | 20.4M-16.3% | 24.4M-22.3% | 31.4M-12.9% | |
| Non-current lease liability | 32.1M-1.9% | 32.7M+11.1% | 29.5M+17.3% | 25.1M+0.0% | 25.1M-2.9% | |
| Operating lease liability (total) | 43.8M-1.7% | 44.6M+15.7% | 38.5M+21.3% | 31.8M+1.2% | 31.4M+0.1% | |
| Finance lease liability (total) | 258M+6.6% | 242M-6.5% | 258M+3.5% | 250M-5.6% | 265M+1.3% | |
| Finance lease liability | 254M+6.4% | 239M-6.7% | 256M+3.2% | 248M-5.0% | 261M+0.7% | |
| Deferred tax liabilities | 3.86B+10.5% | 3.50B+5.2% | 3.32B+10.8% | 3.00B+5.4% | 2.85B+8.6% | |
| Other non-current liabilities | 931M+1.7% | 915M-4.6% | 959M+13.3% | 847M-23.4% | 1.11B-11.8% | |
| 17.4B+4.8% | 16.6B+2.1% | 16.2B+4.6% | 15.5B+2.6% | 15.1B+3.3% | ||
| Preferred stock | 1.18B+4.8% | 1.13B-7.8% | 1.23B+2.2% | 1.20B-5.9% | 1.27B+0.1% | |
| Common stock | 11.8B+8.4% | 10.9B-4.9% | 11.4B+5.4% | 10.8B-3.1% | 11.2B+3.2% | |
| Additional paid-in capital | 3.65M-34.5% | 5.57M-18.1% | 6.80M-8.0% | 7.39M-5.9% | 7.85M-9.0% | |
| Retained earnings | 3.63B+15.2% | 3.15B+1.4% | 3.11B+12.6% | 2.76B+1.6% | 2.71B+7.9% | |
| Accumulated other comprehensive income | 804M-44.2% | 1.44B+191.8% | 493M-33.8% | 745M+2471.9% | -31.4M-217.8% | |
| Non-controlling interest | 1.50B+5.6% | 1.42B+3.2% | 1.38B+3.1% | 1.34B+4.8% | 1.28B+2.7% | |
| Total equity incl. non-controlling | 18.9B+4.9% | 18.0B+2.2% | 17.6B+4.4% | 16.9B+2.8% | 16.4B+3.3% | |
| Total liabilities & equity | 54.6B+6.8% | 51.2B+2.8% | 49.8B+4.9% | 47.5B+4.9% | 45.3B+4.1% | |
| Common shares issued | 507M+1.6% | 499M+1.8% | 491M+1.7% | 482M+1.6% | 475M+1.7% | |
| Common shares outstanding | 507M+1.6% | 499M+1.8% | 491M+1.7% | 482M+1.6% | 475M+1.7% | |
| Shares outstanding (cover) | 507M+1.6% | 499M+1.8% | 491M+1.8% | 482M+1.6% | 475M+1.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.91B+2.7% | 2.83B+7.8% | 2.63B+11.2% | 2.36B+1.8% | 2.32B+15.1% | ||
| Depreciation & amortization | 1.47B+4.7% | 1.41B+7.0% | 1.31B+2.5% | 1.28B+6.7% | 1.20B+12.8% | |
| Intangible amortization | 115M+2.6% | 112M+0.4% | 111M-0.2% | 111M+2.7% | 109M+11.1% | |
| Deferred income taxes | 180M+60.5% | 112M-44.3% | 202M+44.2% | 140M+19.2% | 117M-30.4% | |
| Change in inventory | 32.2M-39.5% | 53.3M+7087.0% | 741K-99.4% | 118M+163.0% | 44.7M+66.4% | |
| Other operating activities | 75.9M+141.9% | 31.4M-41.2% | 53.4M-33.9% | 80.7M+34.8% | 59.8M-52.8% | |
| -3.83B+2.6% | -3.94B-41.9% | -2.77B+11.1% | -3.12B-12.0% | -2.78B+9.7% | ||
| Capital expenditure | 4.25B+16.3% | 3.66B+23.8% | 2.95B+7.2% | 2.76B+8.3% | 2.54B-11.5% | |
| Free cash flow | -1.35B-63.2% | -824M-152.3% | -327M+17.1% | -394M-75.1% | -225M+73.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 251M+21.3% | 206M+27.2% | 162M+3.0% | 157M+1.2% | 156M+29.6% | |
| 1.05B+34.7% | 776M+70.9% | 454M-42.9% | 795M+121.0% | 360M-63.6% | ||
| Long-term debt issued | 1.92B-15.6% | 2.28B+9.5% | 2.08B-11.6% | 2.36B+123.0% | 1.06B-59.2% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 42.9M+28.0% | 33.6M+5.3% | 31.9M-21.7% | 40.7M-15.0% | 47.9M+10.7% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 564M+3.9% | 543M+4.5% | 519M+0.5% | 517M+6.6% | 485M-17.2% | |
| Other financing activities | 10.7M+635.8% | 1.46M-67.2% | 4.45M+215.7% | -3.84M+73.3% | -14.4M-164.2% | |
| FX effect on cash | -13.6M-142.4% | 32.1M | 0.00-100.0% | 21.5M+124.7% | 9.58M+175.5% | |
| Net change in cash | 105M+135.6% | -295M-195.8% | 308M+414.4% | 59.9M+163.6% | -94.2M-4.3% | |
| Interest paid | 1.05B+5.9% | 993M+6.8% | 930M+14.5% | 812M+3.2% | 787M+2.7% | |
| Income taxes paid | 21.5M+273.1% | -12.4M-113.0% | 95.6M+57.5% | 60.7M+685.1% | -10.4M+46.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 26.4B+27.0% | 20.8B+4.7% | 19.8B+4.3% | 19.0B-17.0% | 22.9B+20.3% | |
| P/E | 18.8×+20.6% | 15.6×-8.7% | 17.0×+0.6% | 17.0×-17.0% | 20.4×+11.1% | |
| P/S | 3.0×+22.4% | 2.5×+4.5% | 2.4×-6.2% | 2.5×-17.0% | 3.0×+6.3% | |
| P/B | 1.5×+21.1% | 1.3×-1.9% | 1.3×+1.7% | 1.3×-17.0% | 1.5×+16.4% | |
| Earnings yield | 5.3%-17.1% | 6.4%+9.5% | 5.9%-0.5% | 5.9%+20.6% | 4.9%-10.0% | |
| Dividend yield | 3.5%-18.2% | 4.2%+1.6% | 4.2%-1.4% | 4.2%+22.8% | 3.4%-4.2% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: FTS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FTS filings on SEC EDGAR → Not investment advice.