Fortis (FTS) Stock Analysis

November 11, 2026

This is a peer-relative look at Fortis (FTS): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Fortis (FTS)
Profile Item	FTS
Name	Fortis Inc.
Country/Region	Canada
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	31.00 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 5, 2010
Security Type	Common Stock

Price Performance

Cumulative Growth

FTS

GSPC

Fortis (FTS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fortis (FTS) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fortis (FTS) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Total Return (1Y)	19.13%	5.85%
Total Return (3Y, Annualized)	17.59%	15.48%
Total Return (5Y, Annualized)	9.53%	8.14%

Risk Profile

Drawdown History

FTS

GSPC

Fortis (FTS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fortis (FTS) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Volatility (1Y, Annualized)	14.85%	22.23%
Beta (5Y)	0.40	0.53
Max Drawdown (5Y)	-30.13%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. FTS is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Sharpe Ratio (1Y)	1.00	0.08
Sortino Ratio (1Y)	1.53	0.12

Profitability

ROE (TTM)

Fortis (FTS) posts ROE of 7.55%, in the lower peer quartile. Shareholders’ equity is not producing as much profit as it does at most peers, so margins, asset turns, or balance-sheet structure deserve a closer look.

FTS

Utilities industry group

7.55%

Group distribution

Max: 17.99%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
FTS: 7.55%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%
FTS: 7.55%

Where Fortis (FTS) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Fortis (FTS) keeps 15.01% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

FTS

Utilities industry group

15.01%

Group distribution

Max: 28.78%
Q3: 17.30%
FTS: 15.01%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
DUK: 16.16%
SO: 16.00%
FTS: 15.01%
AEP: 14.21%
CEG: 11.08%

Where Fortis (FTS) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Fortis (FTS) turns 30.69% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

FTS

Utilities industry group

30.69%

Group distribution

Max: 53.83%
Q3: 31.12%
FTS: 30.69%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
FTS: 30.69%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
CEG: 8.66%

Where Fortis (FTS) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
ROE (TTM)	7.55%	9.44%
ROA (TTM)	2.93%	3.08%
Net Margin (TTM)	15.01%	12.73%
Operating Margin (TTM)	30.69%	23.62%
Gross Margin (TTM)	45.52%	44.03%

Growth

Revenue Growth

Fortis (FTS) grew revenue 5.75%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Fortis (FTS): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

Fortis (FTS) grew earnings per share 4.94%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Fortis (FTS): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Revenue Growth (YoY)	5.75%	8.45%
Revenue Growth (3Y CAGR)	3.29%	3.87%
EPS Growth (YoY)	4.94%	3.93%
EPS Growth (3Y CAGR)	6.94%	5.25%

Financial Strength

Current Ratio (MRQ)

Fortis (FTS) has current ratio of 0.69, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

FTS

Utilities industry group

0.69

Group distribution

Max: 1.90
Q3: 1.17
Median: 0.88
FTS: 0.69
Q1: 0.66
Min: 0.29

Largest peers

CEG: 1.46
SO: 0.84
FTS: 0.69
DUK: 0.68
NGG: 0.62
NEE: 0.53
AEP: 0.51

Where Fortis (FTS) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Fortis (FTS) has debt-to-equity ratio of 1.35, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

FTS

Utilities industry group

1.35

Group distribution

Max: 2.63
Q3: 1.77
FTS: 1.35
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

SO: 1.68
DUK: 1.63
AEP: 1.62
NEE: 1.53
FTS: 1.35
NGG: 1.32
CEG: 0.76

Where Fortis (FTS) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Current Ratio (MRQ)	0.69	0.88
Debt / Equity (MRQ)	1.35	1.35
Net Debt / EBITDA	6.22	5.31

Dividends

Dividend Yield (TTM)

Fortis (FTS) has dividend yield of 4.18%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

FTS

Utilities industry group

4.18%

Group distribution

Max: 6.66%
FTS: 4.18%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Largest peers

FTS: 4.18%
DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
CEG: 0.68%
NGG: 0.57%

Where Fortis (FTS) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Fortis (FTS) has payout ratio of 72.73%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

FTS

Utilities industry group

72.73%

Group distribution

Max: 113.04%
FTS: 72.73%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Largest peers

FTS: 72.73%
NGG: 71.97%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
NEE: 43.89%
CEG: 15.92%

Where Fortis (FTS) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
Dividend Yield (TTM)	4.18%	2.85%
Dividend Payout Ratio (TTM)	72.73%	56.38%

Valuation

P/E Ratio (TTM)

Fortis (FTS) trades at P/E ratio of 23.66, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

FTS

Utilities industry group

23.66

Group distribution

Max: 31.22
FTS: 23.66
Q3: 23.30
Median: 19.64
Q1: 15.17
Min: 3.34

Largest peers

CEG: 24.43
FTS: 23.66
SO: 21.08
AEP: 20.67
DUK: 18.74
NEE: 15.67
NGG: 15.54

Where Fortis (FTS) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Fortis (FTS) trades at 2.47 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

FTS

Utilities industry group

2.47

Group distribution

Max: 6.35
Q3: 3.63
Median: 2.63
FTS: 2.47
Q1: 1.52
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83
FTS: 2.47

Where Fortis (FTS) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Fortis (FTS) trades at 1.79 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

FTS

Utilities industry group

1.79

Group distribution

Max: 3.12
Q3: 2.21
Median: 1.83
FTS: 1.79
Q1: 1.46
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
AEP: 2.10
DUK: 1.83
FTS: 1.79

Where Fortis (FTS) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Fortis (FTS) metric values compared with Utilities industry-group medians
Metric	Current stock: FTS	Industry group median
P/E Ratio (TTM)	23.66	19.64
P/S Ratio (TTM)	2.47	2.63
P/B Ratio (MRQ)	1.79	1.83
Free Cash Flow Yield (TTM)	-9.42%	-7.11%