Fortis (FTS) Gross Margin (2015 - 2026)
Fortis (FTS) posted Gross Margin of 68.53% for Q1 2026, down 5.0% on a QoQ basis from 72.13% in Q4 2025, and down 32.0% year-over-year from 100.78% in Q1 2025.
Fortis (FTS) Gross Margin (2015 - 2026) Analysis & Trends
Fortis' Gross Margin history runs 12 years deep, the most recent figure standing at 68.53% for Q1 2026.
- Quarterly Gross Margin fell 32.0% year-over-year to 68.53% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 72.19% (up 12.0% YoY) and the FY2025 annual result came in at 72.3%, up 53.0% from the prior year.
- Gross Margin was 68.53% for Q1 2026 at Fortis, 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.
- A 5-year average of 69.1% and a median of 68.84% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 576 bps — and 2023, when it jumped 886 bps.
- Fortis' Gross Margin stood at 59.97% in 2022, then climbed by 15 bps to 68.84% in 2023, then advanced by 6 bps to 73.21% in 2024, then declined by 1 bps to 72.13% in 2025, then slipped by 5 bps to 68.53% in 2026.
- Business Quant data shows FTS's Gross Margin at 68.53% in Q1 2026, 72.13% in Q4 2025, and 74.17% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 68.53% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | - |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 99.93% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 59.50% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | - |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | - |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 65.25% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 83.59% |
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% |