Fortis FTS
NYSE FTS
$55.34 -0.90 (-1.60%)
As of: Aug 21, 2026 · 1:47 PM EDT

Fortis (FTS) Gross Margin (2015 - 2026)

Fortis (FTS) posted quarterly Gross Margin of 75.47% for Q2 2026, up 83.0% year-over-year from 41.24% in Q2 2025, and up 10.13% on a QoQ basis from 68.53% in Q1 2026.

Fortis (FTS) Gross Margin (2015 - 2026) Analysis & Trends

Fortis has reported Gross Margin for 12 years, with the latest figure at 75.47% in Q2 2026.

  • Gross Margin for Q2 2026 came in at 75.47%, up 83.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 72.41% (up 1.0% YoY), and the FY2025 annual result was 72.3%, up 53.0% from the prior year.
  • Gross Margin rose to 75.47% in Q2 2026, from 68.53% in the prior quarter.
  • Over five years, Gross Margin peaked at 75.47% in Q2 2026 and troughed at 59.97% in Q4 2022.
  • A 5-year average of 69.45% and a median of 69.25% in 2023 frame the typical range for Gross Margin.
  • The widest annual swing landed in 2022, when Gross Margin sank 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 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 climbed by 5 bps to 75.47% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 75.47% in Q2 2026, 68.53% in Q1 2026, and 72.13% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 National Grid 79.15 Bn 75.33 Bn - -
2 Dominion Energy 58.94 Bn 58.15 Bn 3.50 Bn 78.04%
3 Xcel Energy 48.07 Bn 46.06 Bn 3.12 Bn 99.94%
4 Wec Energy 34.89 Bn 34.84 Bn 1.45 Bn 70.07%
5 Ameren 29.63 Bn 29.61 Bn - -
6 Fortis 28.23 Bn 28.23 Bn 1.60 Bn 75.47%
7 Edison International 27.71 Bn 27.47 Bn 3.29 Bn 75.42%
8 Firstenergy 26.71 Bn 26.52 Bn 2.51 Bn 68.33%
9 Hydro One 24.05 Bn 23.66 Bn - -
10 Cms Energy 21.43 Bn 21.19 Bn 3.65 Bn 80.00%

Historic Data

Download Data
DateValue
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%