Fortis (FORFF) Gross Margin (2015 - 2026)
Fortis' (FORFF) quarterly Gross Margin came in at 75.47% in Q2 2026, up 83.0% on a YoY basis from 41.24% in Q2 2025, and up 10.13% quarter-over-quarter from 68.53% in Q1 2026.
Analysis
Fortis (FORFF) Gross Margin (2015 - 2026) Analysis & Trends
Fortis (FORFF) has reported Gross Margin for 12 consecutive years, with 75.47% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 83.0% year-over-year to 75.47%; the trailing twelve-month figure through Jun 2026 stood at 72.41% (up 1.0% YoY), and the FY2025 full-year result was 72.3%, up 53.0% from the prior year.
- Gross Margin rose to 75.47% in Q2 2026 per FORFF's latest filing, from 68.53% in the prior quarter.
- Across five years, Gross Margin topped out at 75.47% in Q2 2026 and bottomed at 59.97% in Q4 2022.
- Historically, Gross Margin has averaged 69.45% across 5 years, with a median of 69.25% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 576 bps in 2022, then surged 886 bps in 2023.
- Over 5 years, Gross Margin stood at 59.97% in 2022, then climbed by 15 bps to 68.84% in 2023, then advanced by 6 bps to 73.21% in 2024, then declined by 1 bps to 72.13% in 2025, then increased by 5 bps to 75.47% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 75.47%, 68.53%, and 72.13% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 310.56 Bn | 310.56 Bn | 890.00 Mn | 39.24% |
| 2 | Dominion Energy | 57.37 Bn | 56.59 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 47.65 Bn | 45.64 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 34.59 Bn | 34.54 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 29.37 Bn | 29.36 Bn | - | - |
| 6 | Firstenergy | 26.72 Bn | 26.53 Bn | 2.51 Bn | 68.33% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | - |
| 8 | Edison International | 22.20 Bn | 21.96 Bn | 3.29 Bn | 75.42% |
| 9 | Cms Energy | 21.18 Bn | 20.93 Bn | 3.65 Bn | 80.00% |
| 10 | Fortis | 7.98 Bn | 9.27 Bn | 1.60 Bn | 75.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.47% |
| Mar 31, 2026 | 68.53% |
| Dec 31, 2025 | 72.13% |
| Sep 30, 2025 | 74.17% |
| Jun 30, 2025 | 74.64% |
| Mar 31, 2025 | 68.84% |
| Dec 31, 2024 | 73.21% |
| Sep 30, 2024 | 73.40% |
| Jun 30, 2024 | 73.30% |
| Mar 31, 2024 | 67.64% |
| Dec 31, 2023 | 68.84% |
| Sep 30, 2023 | 71.57% |
| Jun 30, 2023 | 69.66% |
| Mar 31, 2023 | 60.47% |
| Dec 31, 2022 | 59.97% |
| Sep 30, 2022 | 68.51% |
| Jun 30, 2022 | 67.95% |
| Mar 31, 2022 | 61.80% |
| Dec 31, 2021 | 65.74% |
| Sep 30, 2021 | 71.58% |