Fortis Inc
NYSE: FTS · UTILITIES · UTILITIES - REGULATED ELECTRIC
Updated 2026-06-05
Fortis Inc (FTS) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $5.45B | $10.27B | $11.18B | $12.16B | $12.90B | $13.56B | $14.95B | $17.91B | $26.23B | $28.80B | $47.90B | $47.82B | $53.05B | $53.40B | $55.48B | $57.66B | $64.25B | $65.92B | $73.49B | $74.83B |
| Cash & equivalents | $41.00M | $58.00M | $66.00M | $85.00M | $109.00M | $89.00M | $154.00M | $72.00M | $230.00M | $242.00M | $269.00M | $327.00M | $332.00M | $370.00M | $249.00M | $131.00M | $209.00M | $625.00M | $220.00M | $367.00M |
| Current assets | $409.14M | $1.05B | $1.15B | $1.13B | $1.20B | $1.13B | $1.09B | $1.30B | $1.79B | $1.86B | $2.17B | $2.21B | $3.26B | $2.57B | $2.61B | $2.73B | $4.27B | $4.03B | $3.80B | $3.81B |
| Total liabilities | $3.91B | $7.43B | $7.63B | $8.50B | $8.84B | $8.88B | $9.54B | $11.53B | $17.12B | $18.45B | $31.45B | $31.07B | $34.59B | $33.29B | $35.20B | $36.74B | $41.41B | $42.59B | $47.63B | $48.96B |
| Current liabilities | $558.00M | $1.80B | $1.70B | $1.59B | $1.52B | $1.32B | $1.35B | $2.08B | $2.68B | $2.64B | $3.94B | $3.50B | $4.25B | $4.18B | $4.15B | $4.80B | $6.62B | $5.96B | $6.04B | $7.51B |
| Long-term debt | $2.47B | $4.96B | $4.28B | $5.32B | $5.95B | $5.88B | $6.26B | $6.44B | $9.03B | $10.78B | $20.82B | $20.69B | $23.16B | $21.50B | $23.11B | $23.71B | $25.93B | $27.23B | $31.22B | $30.72B |
| Shareholder equity | $1.40B | $2.72B | $3.39B | $3.54B | $3.90B | $4.47B | $5.10B | $6.00B | $8.69B | $9.88B | $14.60B | $15.00B | $16.53B | $18.53B | $18.70B | $19.29B | $21.03B | $21.50B | $23.81B | $23.81B |
| Retained earnings | $486.30M | $551.00M | $634.00M | $763.00M | $804.00M | $905.00M | $952.00M | $1.04B | $1.06B | $1.39B | $1.46B | $1.73B | $2.08B | $2.92B | $3.21B | $3.46B | $3.73B | $4.11B | $4.52B | $4.97B |
| Accounts receivable | $285.62M | $635.00M | $681.00M | $595.00M | $655.00M | $654.00M | $587.00M | $674.00M | $838.00M | $855.00M | $1.05B | $991.00M | $1.17B | $1.10B | $1.10B | $1.27B | $1.76B | $1.63B | $1.67B | $1.70B |
| Inventory | $32.67M | $335.00M | $229.00M | $178.00M | $168.00M | $134.00M | $133.00M | $143.00M | $321.00M | $337.00M | $372.00M | $367.00M | $398.00M | $394.00M | $422.00M | $478.00M | $661.00M | $566.00M | $685.00M | $649.00M |
| Goodwill | $567.21M | $1.55B | $1.57B | $1.56B | $1.55B | $1.56B | $1.57B | $2.08B | $3.73B | $4.17B | $12.36B | $11.64B | $12.53B | $12.00B | $11.79B | $11.72B | $12.46B | $12.18B | $13.11B | $12.53B |
Frequently asked questions
What is Fortis Inc's revenue?
Fortis Inc's trailing twelve-month revenue is $12.23B, and consensus projects about $17.00B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is FTS?
In its most recent fiscal year, FTS ran a gross margin of 72.30%, an operating margin of 28.69%, and a net margin of 14.78%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does FTS generate?
FTS produced $-2.17B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is FTS's balance sheet healthy?
FTS holds $367.00M in cash and equivalents against $30.72B in long-term debt, on $23.81B of shareholder equity. That debt is best read against the cash flow the business throws off each year.