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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | - |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 75.47% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 75.42% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 68.33% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 80.00% |
Historic Data
Download 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% |