FTS vs. PCG: Fortis vs. PG&E Stock Comparison

November 11, 2026

How do Fortis (FTS) and PG&E (PCG) 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 PG&E (PCG) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for Fortis (FTS) and PG&E (PCG)
Profile Item	FTS	PCG
Name	Fortis Inc.	PG&E Corporation
Country/Region	Canada	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Electric Utilities
GICS Sub-Industry	Electric Utilities	Electric Utilities
Market Capitalization	31.00 billion USD	28.57 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 5, 2010	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FTS

PCG

GSPC

Fortis (FTS) vs. PG&E (PCG), 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

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Trailing total returns for Fortis (FTS) and PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
Total Return (1Y)	19.13%	-19.03%
Total Return (3Y, Annualized)	17.59%	-6.50%
Total Return (5Y, Annualized)	9.53%	2.05%

Risk Profile

Drawdown History

FTS

PCG

GSPC

Fortis (FTS) vs. PG&E (PCG), 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

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

Risk Metrics

PG&E (PCG) is heavily traded at around 39.33M shares per day, whereas Fortis (FTS) sees a more moderate 879.23K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
Volatility (1Y, Annualized)	14.85%	34.84%
Beta (5Y)	0.40	0.17
Max Drawdown (5Y)	-30.13%	-43.92%
Avg. Volume (3M)	879.23K	39.33M

Risk-Adjusted Performance

Risk-Return Positioning

FTS and PCG 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 PG&E (PCG)
Metric	FTS	PCG
Sharpe Ratio (1Y)	1.00	-0.67
Sortino Ratio (1Y)	1.53	-0.81

Profitability

ROE (TTM)

PG&E (PCG) at 8.89% 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%

PCG

Utilities industry group

8.89%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
PCG: 8.89%
Q1: 7.56%
Min: 2.17%

Fortis (FTS) vs. PG&E (PCG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both Fortis (FTS) at 15.01% and PG&E (PCG) at 11.57% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FTS

Utilities industry group

15.01%

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

PCG

Utilities industry group

11.57%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
PCG: 11.57%
Q1: 9.18%
Min: -0.20%

Fortis (FTS) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Fortis (FTS) at 30.69% and PG&E (PCG) at 23.64% 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%

PCG

Utilities industry group

23.64%

Max: 53.83%
Q3: 31.12%
PCG: 23.64%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Fortis (FTS) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
ROE (TTM)	7.55%	8.89%
ROA (TTM)	2.93%	2.59%
Net Margin (TTM)	15.01%	11.57%
Operating Margin (TTM)	30.69%	23.64%
Gross Margin (TTM)	45.52%	40.57%

Growth

Revenue Growth

Fortis (FTS) at 5.75% is around its peer norm for revenue growth, while PG&E (PCG) at 2.11% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Fortis (FTS) vs. PG&E (PCG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fortis (FTS) at 4.94% and PG&E (PCG) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Fortis (FTS) vs. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
Revenue Growth (YoY)	5.75%	2.11%
Revenue Growth (3Y CAGR)	3.29%	4.77%
EPS Growth (YoY)	4.94%	2.61%
EPS Growth (3Y CAGR)	6.94%	12.00%

Financial Strength

Current Ratio (MRQ)

Both Fortis (FTS) at 0.69 and PG&E (PCG) at 1.03 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FTS

Utilities industry group

0.69

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

PCG

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
PCG: 1.03
Median: 0.88
Q1: 0.66
Min: 0.29

Fortis (FTS) vs. PG&E (PCG): 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 PG&E (PCG) at 1.88 uses more debt funding than most peers.

FTS

Utilities industry group

1.35

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

PCG

Utilities industry group

1.88

Max: 2.63
PCG: 1.88
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
Current Ratio (MRQ)	0.69	1.03
Debt / Equity (MRQ)	1.35	1.88
Net Debt / EBITDA	6.22	6.05

Dividends

Dividend Yield (TTM)

Fortis (FTS) at 4.18% delivers top-quartile income for its industry, while PG&E (PCG) at 1.51% pays a more typical yield — both are credible income propositions, FTS the richer one.

FTS

Utilities industry group

4.18%

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

PCG

Utilities industry group

1.51%

Max: 6.66%
Q3: 3.58%
Median: 2.85%
PCG: 1.51%
Q1: 0.66%
Min: 0.00%

Fortis (FTS) vs. PG&E (PCG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

PG&E (PCG) at 14.81% 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.

FTS

Utilities industry group

72.73%

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

PCG

Utilities industry group

14.81%

Max: 113.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
PCG: 14.81%
Min: 0.00%

Fortis (FTS) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
Dividend Yield (TTM)	4.18%	1.51%
Dividend Payout Ratio (TTM)	72.73%	14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 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.

FTS

Utilities industry group

23.66

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

PCG

Utilities industry group

9.61

Max: 31.22
Q3: 23.30
Median: 19.64
Q1: 15.17
PCG: 9.61
Min: 3.34

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

P/S Ratio (TTM)

PG&E (PCG) at 1.11 sits in the cheaper P/S ratio quartile while Fortis (FTS) at 2.47 prices around its industry’s middle — PCG costs less per dollar of sales, though read it alongside growth and margins.

FTS

Utilities industry group

2.47

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

PCG

Utilities industry group

1.11

Max: 6.35
Q3: 3.63
Median: 2.63
Q1: 1.52
PCG: 1.11
Min: 0.00

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

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 sits in the lower P/B ratio quartile against book while Fortis (FTS) at 1.79 is valued near its industry’s middle — PCG is cheaper on assets, though weigh it against ROE and asset quality.

FTS

Utilities industry group

1.79

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

PCG

Utilities industry group

0.87

Max: 3.12
Q3: 2.21
Median: 1.83
Q1: 1.46
PCG: 0.87
Min: 0.34

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

Valuation Metrics

Valuation metrics for Fortis (FTS) and PG&E (PCG)
Metric	FTS	PCG
P/E Ratio (TTM)	23.66	9.61
P/S Ratio (TTM)	2.47	1.11
P/B Ratio (MRQ)	1.79	0.87
Free Cash Flow Yield (TTM)	-9.42%	-22.73%