FTS
Fortis Inc.
FTS's fundamentals are mixed: revenue grew 4%, but free cash flow was negative. Its PE isn't a useful guide right now because of how its recent earnings were reported.
FTS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
FTS's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
FTS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $39.82 | -33% |
| Fair | 20x | $45.42 | -23% |
| Expensive | 23x | $51.31 | -13% |
| Current | 26x | $59.18 | — |
Historical ranges are pointers, not guarantees.
FTS's PE is 26x, but its earnings don't support one, so it isn't a reliable read right now.
FTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect FTS's earnings to grow and its profitability to improve, with its revenue holding steady.
FTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.24 | -6.7% |
| Q1 2026 | $2.23 | -4.3% |
| Q4 2025 | $2.24 | -1.8% |
| Q3 2025 | $2.21 | -2.6% |
| Q2 2025 | $2.40 | +6.7% |
| Q1 2025 | $2.33 | +5.4% |
| Q4 2024 | $2.28 | +4.1% |
| Q3 2024 | $2.27 | +3.7% |
FTS earned $2.24 per share over the past year, down 6.7% from the year before.
FTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.1B | +4.1% |
| Q1 2026 | $2.4B | +1.9% |
| Q4 2025 | $2.2B | +4.4% |
| Q3 2025 | $2.1B | +6% |
| Q2 2025 | $2B | +5.4% |
| Q1 2025 | $2.3B | +7.1% |
| Q4 2024 | $2.1B | +2.2% |
| Q3 2024 | $1.9B | +1.9% |
FTS's revenue has grown year over year for nine quarters in a row: $2.1B last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | -1 points |
| Q1 2026 | 28% | -0.5 points |
| Q4 2025 | 28% | -1.1 points |
| Q3 2025 | 30% | +0.3 points |
| Q2 2025 | 28% | +0.8 points |
| Q1 2025 | 29% | +0.5 points |
| Q4 2024 | 29% | +2.3 points |
| Q3 2024 | 29% | -0.8 points |
FTS's operating margin was 27% last quarter, down 1 points from the same quarter a year ago.
FTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$332M | +$188.3M |
| Q1 2026 | -$281.9M | -$49.9M |
| Q4 2025 | -$475.3M | +$38.7M |
| Q3 2025 | -$299.5M | -573% |
| Q2 2025 | -$520.2M | -$310.7M |
| Q1 2025 | -$232M | +$10.5M |
| Q4 2024 | -$513.9M | -$278.9M |
| Q3 2024 | $63.3M | +$69.5M |
FTS has burned cash in almost every quarter: −$1.4B over the past year, against −$1.2B the year before.
FTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -5.5% | -27.7M shares |
| 1 year | -4% | -19.8M shares |
| 3 years | -0.4% | -2M shares |
| 5 years | +5.7% | +26.1M shares |
| Available history | +9.8% | +42.8M shares |
FTS has 481M diluted shares, down 4% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
FTS hasn't bought back shares in the past year.
FTS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 5.8x | High |
| Q3 2025 | 5.8x | High |
| Q2 2025 | 5.8x | High |
| Q1 2025 | 6.0x | High |
| Q4 2024 | 6.1x | High |
| Q3 2024 | 5.7x | High |
FTS's net debt is about 6.3 years of its operating earnings (EBITDA), up from 5.8 years a year ago.
FTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.3 | Neutral |
| Stochastic | 82.1 | Overbought |
FTS's weekly RSI is 61 (neutral) and its Stochastic is 82 (overbought).
FTS PE vs Utilities Sector
| Metric | FTS | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 20x | 30% above |
| PE % | 100 | 44 | 56 pts above |
FTS is trading at 26x earnings, a 30% premium to the Utilities sector's median of 20x, though its earnings don't support one.
FTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.4 | 5% above |
| 20 week MA | $56.4 | 5% above |
| 50 week MA | $55.6 | 6.5% above |
| 100 week MA | $51.5 | 15% above |
| 200 week MA | $46.5 | 27% above |
FTS is in an uptrend: it's above all five of its weekly moving averages, and 27% above its 200-week average.
FTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.4 | $41.0 | -1% |
| 2021 | $41.0 | $47.4 | +16% |
| 2022 | $47.4 | $40.5 | -15% |
| 2023 | $40.5 | $41.1 | +1.5% |
| 2024 | $41.1 | $41.9 | +1.8% |
| 2025 | $41.9 | $51.9 | +24% |
| 2026 YTD | $51.9 | $59.2 | +14% |
FTS has finished higher in four of the last six years. It's up 14% so far in 2026.