Fortis (FTS)

Utilities · Utilities - Regulated Electric
$52.94 +0.70% on the day Market cap $26.8B 52-week range $49.60 to $59.40 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Fortis's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from FTS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability7
Growth4
Financial health2
Cash efficiency0

Key numbers

P/E (trailing)21.4x
P/E (forward)19.7x
Price / free cash flow—
EV / EBITDA12.7x
Price / sales2.18x
Price / book1.58x
Revenue growth+5.8%
Operating margin29.3%
Net margin14.4%
Return on equity7.2%
Dividend yield4.8%
Debt / equity2.00x

Results from SEC filings

Fiscal years, from Fortis's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$9.3B$10.9B$11.2B$11.2B$11.9B
Net income$1.2B$1.3B$1.5B$1.6B$1.7B
Free cash flow-$282M-$513M-$441M-$1.1B-$1.9B
EPS (diluted)$2.61$2.78$3.10$3.24$3.40
Operating margin26.7%25.1%27.6%29.3%29.3%

Where the revenue comes from

Revenue by products, fiscal 2025.

Electric and Gas Revenue$11.6B97%
Other ServicesRrevenue$316M3%

Superinvestors who own FTS

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Hersh Cohen
ClearBridge Investments
Trimmed $82M0.07%Q2 2026
Cliff Asness
AQR Capital Management
Added $19M0.01%Q2 2026

Insider buying

Open-market purchases by Fortis's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of FTS in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

Get an alert at your buy price

Pick the price you'd be interested at. We'll email you when FTS trades at or below it.

$

Free accounts get 3 price alerts. No card needed.

In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Fortis insiders buying the stock?

No open-market insider purchases of FTS in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Fortis?

2 of the superinvestors Investingly tracks hold FTS in their latest 13F, including Hersh Cohen, Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.