Fortis (FTRSF) Gross Margin (2015 - 2026)
Fortis posted quarterly Gross Margin of 68.53% for Q1 2026, down 32.0% year-on-year from 100.78% in Q1 2025, and down 5.0% on a QoQ basis from 72.13% in Q4 2025.
Fortis (FTRSF) has 12 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 74.64% in Q2 2025 and bottomed at 59.97% in Q4 2022.
- The 5-year median for Gross Margin is 68.84% (2025), against an average of 69.1%.
- The widest annual swing landed in 2022, when Gross Margin plunged 576 bps; it then jumped 886 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 59.97% in 2022, then advanced by 15 bps to 68.84% in 2023, then gained by 6 bps to 73.21% in 2024, then dropped by 1 bps to 72.13% in 2025, then decreased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 655.52 Bn | 655.26 Bn | 1.70 Bn | 68.53% |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | 93.74% |
| 3 | Dominion Energy | 58.83 Bn | 63.03 Bn | 4.03 Bn | 80.37% |
| 4 | Xcel Energy | 49.61 Bn | 47.71 Bn | 3.35 Bn | 83.21% |
| 5 | Wec Energy | 36.16 Bn | 36.52 Bn | 2.83 Bn | 82.28% |
| 6 | Ameren | 29.85 Bn | 29.97 Bn | 1.69 Bn | 77.44% |
| 7 | Korea Electric Power | 29.21 Bn | 14.45 Bn | - | - |
| 8 | Energy Co Of Parana | 27.11 Bn | 26.46 Bn | - | - |
| 9 | Edison International | 26.93 Bn | 26.77 Bn | 3.85 Bn | 73.91% |
| 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% |
| Mar 31, 2021 | 66.56% |
| Dec 31, 2020 | 69.05% |
| Sep 30, 2020 | 73.03% |
| Jun 30, 2020 | 75.25% |
| Mar 31, 2020 | 68.63% |
| Dec 31, 2019 | 66.94% |
| Sep 30, 2019 | 71.33% |
| Jun 30, 2019 | 69.84% |
| Mar 31, 2019 | 65.80% |
| Dec 31, 2018 | 69.04% |
| Sep 30, 2018 | 70.73% |
| Jun 30, 2018 | 70.17% |
| Mar 31, 2018 | 66.82% |
| Dec 31, 2017 | 69.10% |
| Sep 30, 2017 | 71.63% |
| Jun 30, 2017 | 74.00% |
| Mar 31, 2017 | 66.84% |
| Dec 31, 2016 | 67.34% |
| Sep 30, 2016 | 67.88% |
| Jun 30, 2016 | 67.50% |
| Mar 31, 2016 | 60.10% |
| Dec 31, 2015 | 60.07% |
| Sep 30, 2015 | 65.96% |
| Jun 30, 2015 | 60.50% |