AES vs. FTS: AES vs. Fortis Stock Comparison

November 11, 2026

How do AES (AES) and Fortis (FTS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

AES (AES) and Fortis (FTS) both fall under the Utilities industry group, but AES is classified in Independent Power and Renewable Electricity Producers while FTS is classified in Electric Utilities.

Company profile comparison for AES (AES) and Fortis (FTS)
Profile Item	AES	FTS
Name	The AES Corporation	Fortis Inc.
Country/Region	United States	Canada
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Independent Power and Renewable Electricity Producers	Electric Utilities
GICS Sub-Industry	Independent Power Producers & Energy Traders	Electric Utilities
Market Capitalization	10.61 billion USD	31.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 26, 1991	January 5, 2010
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AES

FTS

GSPC

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

Trailing Returns

Loading price history…

Trailing total returns for AES (AES) and Fortis (FTS). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for AES (AES) and Fortis (FTS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Total Return (1Y)	10.79%	19.13%
Total Return (3Y, Annualized)	3.44%	17.59%
Total Return (5Y, Annualized)	-5.12%	9.53%

Risk Profile

Drawdown History

AES

FTS

GSPC

AES (AES) vs. Fortis (FTS), with S&P 500 (GSPC) for reference: 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

Loading price history…

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

Risk Metrics

Risk profile metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Volatility (1Y, Annualized)	25.19%	14.85%
Beta (5Y)	0.93	0.40
Max Drawdown (5Y)	-63.43%	-30.13%
Avg. Volume (3M)	8.50M	879.23K

Risk-Adjusted Performance

Risk-Return Positioning

AES and FTS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Sharpe Ratio (1Y)	0.26	1.00
Sortino Ratio (1Y)	0.33	1.53

Profitability

ROE (TTM)

AES (AES) at 8.68% is around its peer norm for ROE, while Fortis (FTS) at 7.55% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

AES

Utilities industry group

8.68%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
AES: 8.68%
Q1: 7.56%
Min: 2.17%

FTS

Utilities industry group

7.55%

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

AES (AES) vs. Fortis (FTS): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both AES (AES) at 13.16% and Fortis (FTS) at 15.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

AES

Utilities industry group

13.16%

Max: 28.78%
Q3: 17.30%
AES: 13.16%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

FTS

Utilities industry group

15.01%

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

AES (AES) vs. Fortis (FTS): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both AES (AES) at 23.89% and Fortis (FTS) at 30.69% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

AES

Utilities industry group

23.89%

Max: 53.83%
Q3: 31.12%
AES: 23.89%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

FTS

Utilities industry group

30.69%

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

AES (AES) vs. Fortis (FTS): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
ROE (TTM)	8.68%	7.55%
ROA (TTM)	3.13%	2.93%
Net Margin (TTM)	13.16%	15.01%
Operating Margin (TTM)	23.89%	30.69%
Gross Margin (TTM)	21.34%	45.52%

Growth

Revenue Growth

Fortis (FTS) at 5.75% is around its peer norm for revenue growth, while AES (AES) at -0.37% drops into the bottom quartile, signaling weaker demand or pricing momentum.

AES (AES) vs. Fortis (FTS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Fortis (FTS) at 4.94% is around its peer norm for EPS growth, while AES (AES) at -46.61% drops into the bottom quartile, signaling weaker earnings momentum.

AES (AES) vs. Fortis (FTS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Revenue Growth (YoY)	-0.37%	5.75%
Revenue Growth (3Y CAGR)	-1.03%	3.29%
EPS Growth (YoY)	-46.61%	4.94%
EPS Growth (3Y CAGR)	--	6.94%

Financial Strength

Current Ratio (MRQ)

Both AES (AES) at 0.86 and Fortis (FTS) at 0.69 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AES

Utilities industry group

0.86

Max: 1.90
Q3: 1.17
Median: 0.88
AES: 0.86
Q1: 0.66
Min: 0.29

FTS

Utilities industry group

0.69

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

AES (AES) vs. Fortis (FTS): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Fortis (FTS) at 1.35 carries an industry-typical debt-to-equity mix, while AES (AES) at 2.43 uses more debt funding than most peers.

AES

Utilities industry group

2.43

Max: 2.63
AES: 2.43
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

FTS

Utilities industry group

1.35

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

AES (AES) vs. Fortis (FTS): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Current Ratio (MRQ)	0.86	0.69
Debt / Equity (MRQ)	2.43	1.35
Net Debt / EBITDA	7.28	6.22

Dividends

Dividend Yield (TTM)

Both AES (AES) at 4.73% and Fortis (FTS) at 4.18% offer top-quartile dividend income relative to share price within their industries.

AES

Utilities industry group

4.73%

Max: 6.66%
AES: 4.73%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

FTS

Utilities industry group

4.18%

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

AES (AES) vs. Fortis (FTS): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

AES (AES) at 28.27% retains more earnings than its industry usually does; Fortis (FTS) at 72.73% distributes an above-typical share — opposite departures from the band, with the risk sitting on FTS’s side.

AES

Utilities industry group

28.27%

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
AES: 28.27%
Min: 0.00%

FTS

Utilities industry group

72.73%

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

AES (AES) vs. Fortis (FTS): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
Dividend Yield (TTM)	4.73%	4.18%
Dividend Payout Ratio (TTM)	28.27%	72.73%

Valuation

P/E Ratio (TTM)

AES (AES) at 5.97 sits in the cheaper P/E ratio quartile, while Fortis (FTS) at 23.66 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

AES

Utilities industry group

5.97

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
AES: 5.97
Min: 3.34

FTS

Utilities industry group

23.66

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

AES (AES) vs. Fortis (FTS): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

AES (AES) at 0.78 sits in the cheaper P/S ratio quartile while Fortis (FTS) at 2.47 prices around its industry’s middle — AES costs less per dollar of sales, though read it alongside growth and margins.

AES

Utilities industry group

0.78

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
AES: 0.78
Min: 0.00

FTS

Utilities industry group

2.47

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

AES (AES) vs. Fortis (FTS): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both AES (AES) at 1.86 and Fortis (FTS) at 1.79 are valued close to their industries’ norm against book — neither stands out from peers.

AES

Utilities industry group

1.86

Max: 3.12
Q3: 2.21
AES: 1.86
Median: 1.83
Q1: 1.46
Min: 0.34

FTS

Utilities industry group

1.79

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

AES (AES) vs. Fortis (FTS): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for AES (AES) and Fortis (FTS)
Metric	AES	FTS
P/E Ratio (TTM)	5.97	23.66
P/S Ratio (TTM)	0.78	2.47
P/B Ratio (MRQ)	1.86	1.79
Free Cash Flow Yield (TTM)	-30.54%	-9.42%