Fortis Inc
Research Fortis Inc (FTS) on Bullrun: valuation model: 5.9% overvalued, market cap USD 27.24B, P/E 21.6, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFTS
- ExchangeNYSE
- CountryCanada
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal5.9% overvalued
- Market capUSD 27.24B
- P/E21.6
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueCAD 2.93B
- Net incomeCAD 417.00M
- Free cash flow-CAD 535.00M
- Gross margin75.5%
Valuation Snapshot
Bullrun's latest valuation model marks Fortis Inc as 5.9% overvalued; latest market cap is USD 27.24B; P/E is 21.6; dividend yield is 2.6%.
Peer valuation comparison
Latest P/E is 21.63x versus a Utilities sector median of 17.4x (24.3% above).
Latest dividend yield is 2.6% versus a Utilities sector median of 3.57% (27.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CAD 12.17B | CAD 1.80B | -CAD 2.17B | 72.3% | 3.4 | CAD 367.00M | CAD 34.67B | CAD 23.81B |
| FY2024 | CAD 11.51B | CAD 1.68B | -CAD 1.34B | 71.8% | 3.24 | CAD 220.00M | CAD 33.70B | CAD 23.81B |
| FY2023 | CAD 11.52B | CAD 1.57B | -CAD 624.00M | 67.3% | 3.1 | CAD 625.00M | CAD 30.03B | CAD 21.51B |
| FY2022 | CAD 11.04B | CAD 1.39B | -CAD 791.00M | 64.2% | 2.78 | CAD 209.00M | CAD 29.04B | CAD 21.03B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 27.24B | 21.6 | 2.6% | 1.4 |
| 2025 | 2025-12-31 | USD 26.35B | 21.4 | 0.9% | 0.45 |
| 2024 | 2024-12-31 | USD 20.76B | 17.5 | 4.2% | 1.74 |
| 2023 | 2023-12-29 | USD 20.09B | 18.0 | 4.1% | 1.69 |
| 2022 | 2022-12-30 | USD 19.23B | 19.0 | 4.2% | 1.67 |
| 2021 | 2021-12-31 | USD 22.92B | 23.2 | 3.4% | 1.65 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.4 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.45 CAD |
| FY2024 | 1.74 CAD |
| FY2023 | 1.69 CAD |
| FY2022 | 1.67 CAD |
About Fortis Inc
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;
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Frequently asked questions
Is Fortis Inc overvalued or undervalued?
Bullrun's valuation model currently marks Fortis Inc as 5.9% overvalued.
What is Fortis Inc's market cap?
Fortis Inc's market capitalization is USD 27.24B.
What is Fortis Inc's P/E ratio?
Fortis Inc's price-to-earnings (P/E) ratio is 21.6.
Does Fortis Inc pay a dividend?
Fortis Inc has a dividend yield of 2.6%.
What does Fortis Inc do?
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).