Fortis Inc. (FTS) — Financial statements
Income statement, balance sheet, and cash flow for Fortis Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,170↑5.8% | 11,508↓0.1% | 11,517↑4.3% | 11,043↑16.9% | 9,448 | |
| Cost of Revenue | 3,371↑3.8% | 3,249↓13.8% | 3,771↓4.6% | 3,952↑33.9% | 2,951 | |
| Gross Profit | 8,799↑6.5% | 8,259↑6.6% | 7,746↑9.2% | 7,091↑9.1% | 6,497 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 5,307↑6.8% | 4,967↑6.5% | 4,662↑7.1% | 4,351↑8.0% | 4,028 | |
| Operating Expenses | 5,307↑6.8% | 4,967↑6.5% | 4,662↑7.1% | 4,351↑8.0% | 4,028 | |
| Total Costs & Expenses | 8,678↑5.6% | 8,216↓2.6% | 8,433↑1.6% | 8,303↑19.0% | 6,979 | |
| Operating Results | ||||||
| Operating Income | 3,492↑6.1% | 3,292↑6.7% | 3,084↑12.6% | 2,740↑11.0% | 2,469 | |
| Depreciation & Amortization | 2,057↑6.7% | 1,927↑8.7% | 1,773↑6.3% | 1,668↑10.8% | 1,505 | |
| EBITDA | 5,889↑6.9% | 5,507↑7.0% | 5,148↑12.6% | 4,573↑10.3% | 4,147 | |
| EBIT | 3,832↑7.0% | 3,580↑6.1% | 3,375↑16.2% | 2,905↑10.0% | 2,642 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1,435↓6.9% | -1,342↓9.2% | -1,229↓12.6% | -1,091↓9.3% | -998 | |
| Interest Income | 43↓32.8% | 64↓15.8% | 76↑590.9% | 11↑120.0% | 5 | |
| Interest Expense | 1,478↑5.1% | 1,406↑7.7% | 1,305↑18.4% | 1,102↑9.9% | 1,003 | |
| Non-Operating Income | -340↓18.1% | -288↑1.0% | -291↓76.4% | -165↑4.6% | -173 | |
| Other Income / Expenses | -1,138↓1.8% | -1,118↓10.3% | -1,014↓8.2% | -937↓12.9% | -830 | |
| Income Before Tax | 2,354↑8.3% | 2,174↑5.0% | 2,070↑14.8% | 1,803↑10.0% | 1,639 | |
| Income Tax Expense | 393↑13.6% | 346↓3.9% | 360↑24.6% | 289↑23.5% | 234 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,961↑7.3% | 1,828↑6.9% | 1,710↑12.9% | 1,514↑7.8% | 1,405 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,799↑7.1% | 1,680↑6.8% | 1,573↑12.8% | 1,394↑7.7% | 1,294 | |
| Bottom-Line Net Income | 1,714↑6.7% | 1,606↑6.6% | 1,506↑13.2% | 1,330↑8.0% | 1,231 | |
| EPS (Basic) | 3.40↑4.9% | 3.24↑4.5% | 3.10↑11.5% | 2.78↑6.5% | 2.61 | |
| EPS (Diluted) | 3.40↑4.9% | 3.24↑4.5% | 3.10↑11.5% | 2.78↑6.5% | 2.61 | |
| Weighted Average Shares | 529↑6.9% | 495↑1.8% | 486↑1.6% | 479↑1.6% | 471 | |
| Weighted Average Diluted Shares | 529↑6.8% | 495↑1.8% | 487↑1.6% | 479↑1.6% | 471 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.