Fortis (FRTSF) Gross Margin (2015 - 2026)
Fortis (FRTSF) reported Gross Margin of 68.53% for Q1 2026, down 32.0% on a YoY basis from 100.78% in Q1 2025, and down 5.0% quarter-over-quarter from 72.13% in Q4 2025.
Fortis (FRTSF) Gross Margin (2015 - 2026) Analysis & Trends
Fortis has reported Gross Margin for 12 years, with the latest figure at 68.53% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 32.0% year-over-year to 68.53%; the trailing twelve-month figure through Mar 2026 stood at 72.19% (up 12.0% YoY), and the FY2025 full-year result was 72.3%, up 53.0% from the prior year.
- Gross Margin for Q1 2026 stood at 68.53%, down from 72.13% in the prior quarter.
- The five-year high for Gross Margin was 74.64% in Q2 2025, with the low at 59.97% in Q4 2022.
- Historically, Gross Margin has averaged 69.1% across 5 years, with a median of 68.84% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 576 bps — and 2023, when it jumped 886 bps.
- Fortis' Gross Margin stood at 59.97% in 2022, then gained by 15 bps to 68.84% in 2023, then rose by 6 bps to 73.21% in 2024, then slipped by 1 bps to 72.13% in 2025, then retreated by 5 bps to 68.53% in 2026.
- The last three Gross Margin figures came in at 68.53% (Q1 2026), 72.13% (Q4 2025), and 74.17% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 664.76 Bn | 664.50 Bn | 1.70 Bn | 68.53% |
| 2 | Dominion Energy | 60.27 Bn | 64.46 Bn | 4.03 Bn | 80.37% |
| 3 | Xcel Energy | 48.32 Bn | 46.42 Bn | 3.35 Bn | 83.21% |
| 4 | Wec Energy | 36.56 Bn | 36.93 Bn | 2.83 Bn | 82.28% |
| 5 | Ameren | 30.01 Bn | 30.12 Bn | 1.69 Bn | 77.44% |
| 6 | Korea Electric Power | 28.97 Bn | 14.20 Bn | 11.57 Bn | 2,303.35% |
| 7 | Edison International | 27.64 Bn | 27.48 Bn | 3.85 Bn | 73.91% |
| 8 | Firstenergy | 26.85 Bn | 28.22 Bn | 2.74 Bn | 65.25% |
| 9 | Cms Energy | 22.51 Bn | 22.92 Bn | 2.28 Bn | 83.59% |
| 10 | Fortis | - | - | 1.70 Bn | 68.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 72.16% |