Fortis Past Earnings Performance

Past criteria checks 4/6

Fortis has been growing earnings at an average annual rate of 0.06%, while the Electric Utilities industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 7.3% per year. Fortis's return on equity is 7.2%, and it has net margins of 13.7%.

Key information

0.06%

Earnings growth rate

-2.7%

EPS growth rate

Electric Utilities Industry Growth7.3%
Revenue growth rate7.3%
Return on equity7.2%
Net Margin13.7%
Next Earnings Update05 Nov 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Fortis makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:FTS.PRK Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2411,3921,565-660
31 Mar 2411,3161,528-640
31 Dec 2311,5171,506-620
30 Sep 2311,8001,495-710
30 Jun 2311,6341,427-750
31 Mar 2311,5271,417-840
31 Dec 2211,0431,330-920
30 Sep 2210,4581,288-760
30 Jun 2210,1011,257-710
31 Mar 229,7441,226-580
31 Dec 219,4481,231-450
30 Sep 219,2111,234-470
30 Jun 219,1361,231-360
31 Mar 219,0831,252-340
31 Dec 208,9351,209-310
30 Sep 208,9151,224-320
30 Jun 208,8451,210-290
31 Mar 208,7381,656-190
31 Dec 198,7831,655-110
30 Sep 198,6631,57020
30 Jun 198,6521,56820
31 Mar 198,6291,08820
31 Dec 188,3901,10020
30 Sep 188,295973110
30 Jun 188,156975110
31 Mar 188,224992110
31 Dec 178,301963110
30 Sep 178,2431,01800
30 Jun 177,87086700
31 Mar 177,34071700
31 Dec 166,83858500
30 Sep 166,52353100
30 Jun 166,56155500
31 Mar 166,61469200
31 Dec 156,75772800
30 Sep 156,71270600
30 Jun 156,34356900
31 Mar 155,86137200
31 Dec 145,40131200
30 Sep 144,93729900
30 Jun 144,65533500
31 Mar 144,38934200
31 Dec 134,04733300

Quality Earnings: FTS.PRK has high quality earnings.

Growing Profit Margin: FTS.PRK's current net profit margins (13.7%) are higher than last year (12.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: FTS.PRK's earnings have grown by 0.06% per year over the past 5 years.

Accelerating Growth: FTS.PRK's earnings growth over the past year (9.7%) exceeds its 5-year average (0.06% per year).

Earnings vs Industry: FTS.PRK earnings growth over the past year (9.7%) did not outperform the Electric Utilities industry 9.7%.


Return on Equity

High ROE: FTS.PRK's Return on Equity (7.2%) is considered low.


Return on Assets


Return on Capital Employed


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