Seek Returns

FTS vs. NGG: Fortis vs. National Grid Stock Comparison

How do Fortis (FTS) and National Grid (NGG) 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

Fortis (FTS) and National Grid (NGG) both fall under the Utilities industry group, but FTS is classified in Electric Utilities while NGG is classified in Multi-Utilities.

Fortis (FTS) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Fortis (FTS) and National Grid (NGG)
Profile ItemFTSNGG
NameFortis Inc.National Grid plc Sponsored ADR
Country/RegionCanadaUnited Kingdom
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryElectric UtilitiesMulti-Utilities
GICS Sub-IndustryElectric UtilitiesMulti-Utilities
Market Capitalization31.00 billion USD83.60 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 5, 2010August 10, 2005
Security TypeCommon StockADR

Price Performance

Cumulative Growth

FTS
NGG
GSPC
Loading price history…
Fortis (FTS) vs. National Grid (NGG), 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 Fortis (FTS) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Fortis (FTS) and National Grid (NGG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Total Return (1Y)19.13%13.00%
Total Return (3Y, Annualized)17.59%19.82%
Total Return (5Y, Annualized)9.53%12.34%

Risk Profile

Drawdown History

FTS
NGG
GSPC
Loading price history…
Fortis (FTS) vs. National Grid (NGG), 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 Fortis (FTS) and National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Volatility (1Y, Annualized)14.85%22.32%
Beta (5Y)0.400.73
Max Drawdown (5Y)-30.13%-39.20%
Avg. Volume (3M)879.23K911.70K

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
FTS and NGG 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 Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Sharpe Ratio (1Y)1.000.39
Sortino Ratio (1Y)1.530.54

Profitability

ROE (TTM)

National Grid (NGG) at 10.31% is around its peer norm for ROE, while Fortis (FTS) at 7.55% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

FTS

Utilities industry group

7.55%

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

NGG

Utilities industry group

10.31%

Max
17.99%
Q3
12.01%
NGG
10.31%
Median
9.44%
Q1
7.56%
Min
2.17%
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of Fortis (FTS) at 15.01%, which keeps about the industry-typical share.

FTS

Utilities industry group

15.01%

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

NGG

Utilities industry group

21.15%

Max
28.78%
NGG
21.15%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Fortis (FTS) at 30.69% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FTS

Utilities industry group

30.69%

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

NGG

Utilities industry group

28.64%

Max
53.83%
Q3
31.12%
NGG
28.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
ROE (TTM)7.55%10.31%
ROA (TTM)2.93%3.33%
Net Margin (TTM)15.01%21.15%
Operating Margin (TTM)30.69%28.64%
Gross Margin (TTM)45.52%100.00%

Growth

Revenue Growth

Fortis (FTS) at 5.75% is around its peer norm for revenue growth, while National Grid (NGG) at -3.76% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Fortis (FTS) reports EPS growth of 4.94%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Revenue Growth (YoY)5.75%-3.76%
Revenue Growth (3Y CAGR)3.29%-6.53%
EPS Growth (YoY)4.94%--
EPS Growth (3Y CAGR)6.94%-30.59%

Financial Strength

Current Ratio (MRQ)

Fortis (FTS) at 0.69 keeps current ratio within its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NGG.

FTS

Utilities industry group

0.69

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

NGG

Utilities industry group

0.62

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
NGG
0.62
Min
0.29
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Fortis (FTS) at 1.35 and National Grid (NGG) at 1.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FTS

Utilities industry group

1.35

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

NGG

Utilities industry group

1.32

Max
2.63
Q3
1.77
Median
1.35
NGG
1.32
Q1
0.84
Min
0.00
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Current Ratio (MRQ)0.690.62
Debt / Equity (MRQ)1.351.32
Net Debt / EBITDA6.226.32

Dividends

Dividend Yield (TTM)

Fortis (FTS) at 4.18% offers top-quartile income, while National Grid (NGG) at 0.57% sits in the bottom quartile — a wide gap in cash returned to shareholders.

FTS

Utilities industry group

4.18%

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

NGG

Utilities industry group

0.57%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
NGG
0.57%
Min
0.00%
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Fortis (FTS) at 72.73% and National Grid (NGG) at 71.97% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

FTS

Utilities industry group

72.73%

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

NGG

Utilities industry group

71.97%

Max
113.04%
NGG
71.97%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
Dividend Yield (TTM)4.18%0.57%
Dividend Payout Ratio (TTM)72.73%71.97%

Valuation

P/E Ratio (TTM)

National Grid (NGG) at 15.54 is near its industry’s usual P/E ratio, while Fortis (FTS) at 23.66 sits in the richer quartile — FTS needs stronger growth or earnings quality to justify the premium.

FTS

Utilities industry group

23.66

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

NGG

Utilities industry group

15.54

Max
31.22
Q3
23.30
Median
19.64
NGG
15.54
Q1
15.17
Min
3.34
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Fortis (FTS) at 2.47 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.

FTS

Utilities industry group

2.47

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

NGG

Utilities industry group

4.46

Max
6.35
NGG
4.46
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Fortis (FTS) at 1.79 sits near its industry’s typical P/B ratio, while National Grid (NGG) at 9.36 prices above its benchmark range — NGG looks rich relative to book.

FTS

Utilities industry group

1.79

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

NGG

Utilities industry group

9.36

NGG
9.36
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
Loading chart…
Fortis (FTS) vs. National Grid (NGG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Fortis (FTS) and National Grid (NGG)
MetricFTSNGG
P/E Ratio (TTM)23.6615.54
P/S Ratio (TTM)2.474.46
P/B Ratio (MRQ)1.799.36
Free Cash Flow Yield (TTM)-9.42%-5.94%