Fortis Financial Statements From 2010 to 2026

Fortis Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 78.6 B 74.8 B 46.4 B Slightly volatile Short and Long Term Debt Total 36.4 B 34.7 B 20.7 B Slightly volatile Other Current Liabilities 2.1 B 2 B 1.5 B Slightly volatile Total Current Liabilities 7.9 B 7.5 B 4.1 B Slightly volatile Total Stockholder Equity 25 B 23.8 B 14.8 B Slightly volatile Property Plant And Equipment Net 53.5 B 50.9 B 29.9 B Slightly volatile Current Deferred Revenue 623.1 M 593.4 M 358.7 M Slightly volatile Net Debt 36 B 34.3 B 20.5 B Slightly volatile Accounts Payable 647.7 M 1.1 B 775.5 M Slightly volatile Cash 385.4 M 367 M 251.6 M Slightly volatile Non Current Assets Total 74.6 B 71 B 43.9 B Slightly volatile Non Currrent Assets Other 5.6 B 5.4 B 3.2 B Slightly volatile Cash And Short Term Investments 385.4 M 367 M 251.6 M Slightly volatile Net Receivables 764.8 M 1.5 B 1 B Slightly volatile Good Will 7.6 B 12.5 B 8.4 B Slightly volatile Common Stock Total Equity 16.7 B 15.9 B 10.1 B Slightly volatile Common Stock Shares Outstanding 252.1 M 503.7 M 347.1 M Slightly volatile Liabilities And Stockholders Equity 78.6 B 74.8 B 46.4 B Slightly volatile Non Current Liabilities Total 43.5 B 41.4 B 26.2 B Slightly volatile Inventory 681.5 M 649 M 397 M Slightly volatile Other Current Assets 1.4 B 1.3 B 782.5 M Slightly volatile Total Liabilities 51.4 B 49 B 30.3 B Slightly volatile Property Plant And Equipment Gross 71.1 B 67.7 B 35.4 B Slightly volatile Total Current Assets 4 B 3.8 B 2.5 B Slightly volatile Short Term Debt 3.7 B 3.6 B 1.5 B Slightly volatile Common Stock 16.9 B 16.1 B 10.4 B Slightly volatile Retained Earnings 5.2 B 5 B 2.5 B Slightly volatile Intangible Assets 1.8 B 1.7 B 1 B Slightly volatile Other Liabilities 6.8 B 9.8 B 6 B Slightly volatile Other Assets 3.8 B 5.1 B 3.2 B Slightly volatile Long Term Debt 23.3 B 30.7 B 18.7 B Slightly volatile Deferred Long Term Liabilities 2.9 B 3.6 B 2.6 B Slightly volatile Long Term Investments 240.3 M 461 M 202 M Slightly volatile Short and Long Term Debt 3.7 B 3.6 B 3.2 B Slightly volatile Property Plant Equipment 194.8 M 205 M 15.7 B Pretty Stable Long Term Debt Total 26.3 B 31.1 B 20.3 B Slightly volatile Capital Surpluse 8.1 M 5 M 11.1 M Slightly volatile Capital Lease Obligations 352.9 M 392 M 469.4 M Slightly volatile Non Current Liabilities Other 81.4 M 58 M 125 M Slightly volatile Cash And Equivalents 340.9 M 367 M 297.3 M Pretty Stable Net Invested Capital 49.9 B 56.5 B 41.4 B Slightly volatile Capital Stock 17.6 B 17.7 B 14.9 B Slightly volatile
Fortis Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 2.2 B 2.1 B 1.2 B Slightly volatile Total Revenue 12.8 B 12.2 B 7.9 B Slightly volatile Gross Profit 9.2 B 8.8 B 3.7 B Slightly volatile Other Operating Expenses 9.1 B 8.7 B 5.8 B Slightly volatile Operating Income 3.7 B 3.5 B 2.1 B Slightly volatile EBIT 4 B 3.8 B 2.1 B Slightly volatile EBITDA 6.2 B 5.9 B 3.3 B Slightly volatile Cost Of Revenue 3.7 B 3.4 B 4.2 B Slightly volatile Total Operating Expenses 5.6 B 5.3 B 1.6 B Slightly volatile Income Before Tax 2.5 B 2.4 B 1.4 B Slightly volatile Net Income 1.9 B 1.8 B 1 B Slightly volatile Income Tax Expense 412.6 M 393 M 231.5 M Slightly volatile Discontinued Operations 4 M 4.5 M 4.9 M Slightly volatile Net Income From Continuing Ops 1.4 B 2 B 1.1 B Slightly volatile Net Income Applicable To Common Shares 1.2 B 1.7 B 974.5 M Slightly volatile Tax Provision 313.9 M 393 M 268.7 M Slightly volatile Interest Income 794.6 M 1.4 B 678.6 M Slightly volatile Selling General Administrative 7.2 M 9.9 M 10.1 M Pretty Stable Reconciled Depreciation 1.7 B 2.1 B 1.4 B Slightly volatile
Fortis Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 151 M 220 M 222.8 M Slightly volatile Depreciation 1.2 B 2.1 B 1.1 B Slightly volatile Dividends Paid 916.6 M 873 M 518.9 M Slightly volatile Capital Expenditures 6.5 B 6.2 B 3.1 B Slightly volatile Total Cash From Operating Activities 4.3 B 4.1 B 2.3 B Slightly volatile Net Income 2.1 B 2 B 1.1 B Slightly volatile End Period Cash Flow 385.4 M 367 M 251.6 M Slightly volatile Stock Based Compensation 51.8 M 75.9 M 42.9 M Slightly volatile Issuance Of Capital Stock 57 M 60 M 124.9 M Very volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 3.1 2.9523 2.1784 Slightly volatile Dividend Yield 0.0392 0.0243 0.0318 Slightly volatile PTB Ratio 1.44 1.509 1.2289 Slightly volatile Days Sales Outstanding 61.17 44.7777 52.6751 Pretty Stable Book Value Per Share 53.95 51.3784 40.9175 Slightly volatile Operating Cash Flow Per Share 8.47 8.0675 5.9531 Slightly volatile Capex To Depreciation 1.98 3.0306 2.4122 Slightly volatile PB Ratio 1.44 1.509 1.2289 Slightly volatile EV To Sales 2.94 5.7712 4.396 Slightly volatile ROIC 0.0535 0.041 0.043 Slightly volatile Inventory Turnover 4.93 5.1941 12.9618 Slightly volatile Net Income Per Share 3.75 3.573 2.6345 Slightly volatile Days Of Inventory On Hand 73.79 70.2714 33.717 Slightly volatile Payables Turnover 3.51 2.9364 5.1547 Pretty Stable Sales General And Administrative To Revenue 1.0E-4 1.0E-4 1.0E-4 Slightly volatile Capex To Revenue 0.54 0.5122 0.3624 Slightly volatile Cash Per Share 0.43 0.7289 0.652 Very volatile POCF Ratio 5.98 8.8453 7.5362 Slightly volatile Interest Coverage 1.85 2.3627 2.3166 Pretty Stable Payout Ratio 0.64 0.4853 0.5328 Pretty Stable Capex To Operating Cash Flow 1.07 1.5347 1.2598 Pretty Stable Days Payables Outstanding 114 124 76.1218 Very volatile Income Quality 1.81 2.0714 2.2531 Slightly volatile ROE 0.0875 0.0756 0.0733 Very volatile EV To Operating Cash Flow 12.83 17.2909 16.0513 Slightly volatile PE Ratio 13.41 19.9721 17.1804 Pretty Stable Return On Tangible Assets 0.0316 0.0297 0.0289 Very volatile Earnings Yield 0.0682 0.0501 0.0606 Slightly volatile Intangibles To Total Assets 0.11 0.1904 0.1843 Slightly volatile Net Debt To EBITDA 4.3 5.8254 5.8388 Pretty Stable Current Ratio 0.5 0.5065 0.643 Slightly volatile Tangible Book Value Per Share 24.23 23.0765 17.0139 Slightly volatile Receivables Turnover 5.38 8.1514 6.9905 Pretty Stable Graham Number 64.74 61.6577 47.0431 Slightly volatile Shareholders Equity Per Share 49.65 47.289 37.6625 Slightly volatile Debt To Equity 1.68 1.4562 1.3959 Slightly volatile Capex Per Share 13.0 12.3813 7.8395 Slightly volatile Revenue Per Share 14.05 24.1708 20.392 Slightly volatile Interest Debt Per Share 75.39 71.7994 54.4661 Slightly volatile Debt To Assets 0.53 0.4634 0.4475 Slightly volatile Enterprise Value Over EBITDA 8.06 11.9266 11.0297 Slightly volatile Short Term Coverage Ratios 1.31 1.1417 1.8127 Slightly volatile Price Earnings Ratio 13.41 19.9721 17.1804 Pretty Stable Operating Cycle 63.4 115 82.1826 Slightly volatile Price Book Value Ratio 1.44 1.509 1.2289 Slightly volatile Days Of Payables Outstanding 114 124 76.1218 Very volatile Dividend Payout Ratio 0.64 0.4853 0.5328 Pretty Stable Price To Operating Cash Flows Ratio 5.98 8.8453 7.5362 Slightly volatile Pretax Profit Margin 0.11 0.1934 0.1552 Slightly volatile Ebt Per Ebit 0.46 0.6741 0.6104 Slightly volatile Operating Profit Margin 0.18 0.2869 0.2471 Slightly volatile Effective Tax Rate 0.26 0.1669 0.1829 Pretty Stable Company Equity Multiplier 3.52 3.1428 3.1375 Slightly volatile Long Term Debt To Capitalization 0.64 0.5634 0.5592 Slightly volatile Total Debt To Capitalization 0.66 0.5929 0.5837 Slightly volatile Return On Capital Employed 0.0775 0.0519 0.056 Slightly volatile Debt Equity Ratio 1.68 1.4562 1.3959 Slightly volatile Ebit Per Revenue 0.18 0.2869 0.2471 Slightly volatile Quick Ratio 0.43 0.4201 0.5479 Slightly volatile Dividend Paid And Capex Coverage Ratio 0.73 0.5715 0.6823 Pretty Stable Net Income Per E B T 0.59 0.7642 0.7684 Slightly volatile Cash Ratio 0.0768 0.0488 0.0675 Pretty Stable Operating Cash Flow Sales Ratio 0.18 0.3338 0.2685 Slightly volatile Days Of Inventory Outstanding 73.79 70.2714 33.717 Slightly volatile Days Of Sales Outstanding 61.17 44.7777 52.6751 Pretty Stable Cash Flow Coverage Ratios 0.13 0.1172 0.1185 Slightly volatile Price To Book Ratio 1.44 1.509 1.2289 Slightly volatile Fixed Asset Turnover 0.23 0.2389 0.3023 Slightly volatile Capital Expenditure Coverage Ratio 0.88 0.6516 0.8214 Slightly volatile Price Cash Flow Ratio 5.98 8.8453 7.5362 Slightly volatile Enterprise Value Multiple 8.06 11.9266 11.0297 Slightly volatile Debt Ratio 0.53 0.4634 0.4475 Slightly volatile Cash Flow To Debt Ratio 0.13 0.1172 0.1185 Slightly volatile Price Sales Ratio 3.1 2.9523 2.1784 Slightly volatile Return On Assets 0.0274 0.024 0.0236 Pretty Stable Asset Turnover 0.3 0.1626 0.2086 Slightly volatile Net Profit Margin 0.08 0.1478 0.1196 Slightly volatile Gross Profit Margin 0.51 0.723 0.4374 Slightly volatile Price Fair Value 1.44 1.509 1.2289 Slightly volatile Return On Equity 0.0875 0.0756 0.0733 Very volatile
Fortis Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 5.6 B 5.3 B 5.5 B Slightly volatile Enterprise Value 2.6 B 5.2 B 5.2 B Very volatile

Fortis Fundamental Market Drivers

About Fortis Financial Statements

Pair Trading with Fortis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis will appreciate offsetting losses from the drop in the long position's value.When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:

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Earnings Projections Details

Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Fortis' market price signifies the transaction level at which participants voluntarily complete trades.