Fortis (FTS) Cost of Revenue (2015 - 2026)
Fortis (FTS) posted quarterly Cost of Revenue of $519.8 million for Q2 2026, up 0.87% year-over-year from $515.3 million in Q2 2025, and down 33.44% on a QoQ basis from $781.0 million in Q1 2026.
Fortis (FTS) Cost of Revenue (2015 - 2026) Analysis & Trends
Fortis has reported Cost of Revenue for 12 years, with the latest figure at $519.8 million in Q2 2026.
- Cost of Revenue for Q2 2026 came in at $519.8 million, up 0.87% year-over-year; the trailing twelve-month figure through Jun 2026 was $2.5 billion (up 5.19% YoY), and the FY2025 annual result was $2.4 billion, up 3.93% from the prior year.
- Cost of Revenue eased to $519.8 million in Q2 2026, from $781.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $970.5 million in Q1 2023 and troughed at $515.3 million in Q2 2025.
- A 5-year average of $661.5 million and a median of $615.9 million in 2022 frame the typical range for Cost of Revenue.
- The widest annual swing landed in 2022, when Cost of Revenue soared 33.05%; it then dropped 29.31% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $934.1 million in 2022, then dropped by 29.31% to $660.3 million in 2023, then fell by 14.36% to $565.5 million in 2024, then advanced by 8.8% to $615.3 million in 2025, then decreased by 15.52% to $519.8 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $519.8 million in Q2 2026, $781.0 million in Q1 2026, and $615.3 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 984.00 Mn |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 2.00 Mn |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 617.10 Mn |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | - |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 519.78 Mn |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 1.07 Bn |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 1.17 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 912.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 519.78 Mn |
| Jun 30, 2026 | 519.78 Mn |
| Mar 31, 2026 | 780.98 Mn |
| Mar 31, 2026 | 780.98 Mn |
| Dec 31, 2025 | 615.26 Mn |
| Dec 31, 2025 | 615.26 Mn |
| Sep 30, 2025 | 551.52 Mn |
| Sep 30, 2025 | 551.52 Mn |
| Jun 30, 2025 | 515.30 Mn |
| Jun 30, 2025 | 515.30 Mn |
| Mar 31, 2025 | 724.79 Mn |
| Mar 31, 2025 | 724.79 Mn |
| Dec 31, 2024 | 565.52 Mn |
| Dec 31, 2024 | 565.52 Mn |
| Sep 30, 2024 | 540.26 Mn |
| Sep 30, 2024 | 540.26 Mn |
| Jun 30, 2024 | 521.30 Mn |
| Jun 30, 2024 | 521.30 Mn |
| Mar 31, 2024 | 748.79 Mn |
| Mar 31, 2024 | 748.79 Mn |