Fortis Inc Stock Net Income
| FTS Stock | CAD 72.19 0.10 0.14% |
As of the 24th of January, Fortis shows the Mean Deviation of 0.5809, coefficient of variation of 6578.23, and Downside Deviation of 0.6543. Fortis Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Fortis Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 5.9873 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 1.9 B | 2 B | |
| Net Income From Continuing Ops | 2.1 B | 1.3 B | |
| Net Income Applicable To Common Shares | 1.8 B | 1.2 B | |
| Net Income Per Share | 3.05 | 3.21 | |
| Net Income Per E B T | 0.70 | 0.59 |
Fortis | Net Income |
Latest Fortis' Net Income Growth Pattern
Below is the plot of the Net Income of Fortis Inc over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Fortis Inc financial statement analysis. It represents the amount of money remaining after all of Fortis Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Fortis' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortis' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.68 B | 10 Years Trend |
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Net Income |
| Timeline |
Fortis Net Income Regression Statistics
| Arithmetic Mean | 1,064,096,471 | |
| Geometric Mean | 789,148,432 | |
| Coefficient Of Variation | 58.34 | |
| Mean Deviation | 527,850,796 | |
| Median | 1,166,000,000 | |
| Standard Deviation | 620,779,132 | |
| Sample Variance | 385366.7T | |
| Range | 2B | |
| R-Value | 0.96 | |
| Mean Square Error | 31199.6T | |
| R-Squared | 0.92 | |
| Slope | 118,175,196 | |
| Total Sum of Squares | 6165867.7T |
Fortis Net Income History
Fortis Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Fortis is extremely important. It helps to project a fair market value of Fortis Stock properly, considering its historical fundamentals such as Net Income. Since Fortis' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortis' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortis' interrelated accounts and indicators.
Click cells to compare fundamentals
Fortis 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fortis' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fortis.
| 10/26/2025 |
| 01/24/2026 |
If you would invest 0.00 in Fortis on October 26, 2025 and sell it all today you would earn a total of 0.00 from holding Fortis Inc or generate 0.0% return on investment in Fortis over 90 days. Fortis is related to or competes with Hydro One, Emera, Emera Srs, AltaGas, Brookfield Infrastructure, Capital Power, and Brookfield Infrastructure. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries More
Fortis Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fortis' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fortis Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6543 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.27 |
Fortis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortis' standard deviation. In reality, there are many statistical measures that can use Fortis historical prices to predict the future Fortis' volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.02) |
Fortis January 24, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.011 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.5809 | |||
| Semi Deviation | 0.636 | |||
| Downside Deviation | 0.6543 | |||
| Coefficient Of Variation | 6578.23 | |||
| Standard Deviation | 0.7228 | |||
| Variance | 0.5224 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.27 | |||
| Downside Variance | 0.4281 | |||
| Semi Variance | 0.4045 | |||
| Expected Short fall | (0.65) | |||
| Skewness | 0.3423 | |||
| Kurtosis | (0.45) |
Fortis Inc Backtested Returns
As of now, Fortis Stock is very steady. Fortis Inc secures Sharpe Ratio (or Efficiency) of 0.0429, which denotes the company had a 0.0429 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fortis Inc, which you can use to evaluate the volatility of the firm. Please confirm Fortis' Downside Deviation of 0.6543, coefficient of variation of 6578.23, and Mean Deviation of 0.5809 to check if the risk estimate we provide is consistent with the expected return of 0.0312%. Fortis has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0597, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortis are expected to decrease at a much lower rate. During the bear market, Fortis is likely to outperform the market. Fortis Inc right now shows a risk of 0.73%. Please confirm Fortis Inc semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Fortis Inc will be following its price patterns.
Auto-correlation | 0.47 |
Average predictability
Fortis Inc has average predictability. Overlapping area represents the amount of predictability between Fortis time series from 26th of October 2025 to 10th of December 2025 and 10th of December 2025 to 24th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortis Inc price movement. The serial correlation of 0.47 indicates that about 47.0% of current Fortis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Fortis Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Fortis Inc reported net income of 1.68 B. This is much higher than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The net income for all Canada stocks is 194.23% lower than that of the firm.
Fortis Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortis' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortis could also be used in its relative valuation, which is a method of valuing Fortis by comparing valuation metrics of similar companies.Fortis is currently under evaluation in net income category among its peers.
Fortis ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortis' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortis' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Fortis Fundamentals
| Return On Equity | 0.0761 | ||||
| Return On Asset | 0.0309 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.30 % | ||||
| Current Valuation | 72.09 B | ||||
| Shares Outstanding | 505.4 M | ||||
| Shares Owned By Insiders | 0.23 % | ||||
| Shares Owned By Institutions | 56.46 % | ||||
| Number Of Shares Shorted | 6.52 M | ||||
| Price To Earning | 20.80 X | ||||
| Price To Book | 1.61 X | ||||
| Price To Sales | 3.03 X | ||||
| Revenue | 11.51 B | ||||
| Gross Profit | 5.53 B | ||||
| EBITDA | 5.29 B | ||||
| Net Income | 1.68 B | ||||
| Cash And Equivalents | 220 M | ||||
| Cash Per Share | 0.71 X | ||||
| Total Debt | 33.7 B | ||||
| Debt To Equity | 1.24 % | ||||
| Current Ratio | 0.64 X | ||||
| Book Value Per Share | 44.67 X | ||||
| Cash Flow From Operations | 3.88 B | ||||
| Short Ratio | 3.84 X | ||||
| Earnings Per Share | 3.36 X | ||||
| Price To Earnings To Growth | 2.67 X | ||||
| Target Price | 73.77 | ||||
| Number Of Employees | 9.6 K | ||||
| Beta | 0.4 | ||||
| Market Capitalization | 36.48 B | ||||
| Total Asset | 75.06 B | ||||
| Retained Earnings | 4.52 B | ||||
| Working Capital | (2.24 B) | ||||
| Current Asset | 1.86 B | ||||
| Current Liabilities | 2.64 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 3.60 % | ||||
| Net Asset | 75.06 B | ||||
| Last Dividend Paid | 2.46 |
About Fortis Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Fortis Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortis Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.Moving against Fortis Stock
The ability to find closely correlated positions to Fortis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Inc to buy it.
The correlation of Fortis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..