Fortis (FTS) Net Margin (2015 - 2026)
Fortis (FTS) posted quarterly Net Margin of 13.51% for Q2 2026, down 13.0% year-over-year from 15.53% in Q2 2025, and down 8.23% on a QoQ basis from 14.72% in Q1 2026.
Fortis (FTS) Net Margin (2015 - 2026) Analysis & Trends
Fortis has reported Net Margin for 12 years, with the latest figure at 13.51% in Q2 2026.
- Net Margin for Q2 2026 came in at 13.51%, down 13.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 13.99% (down 32.0% YoY), and the FY2025 annual result was 14.08%, up 13.0% from the prior year.
- Net Margin eased to 13.51% in Q2 2026, from 14.72% in the prior quarter.
- Over five years, Net Margin peaked at 15.16% in Q3 2024 and troughed at 11.33% in Q2 2023.
- A 5-year average of 13.36% and a median of 13.47% in 2024 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin slumped 164 bps; it then surged 172 bps in 2023.
- A 5-year view of Net Margin shows it stood at 11.68% in 2022, then advanced by 13 bps to 13.21% in 2023, then grew by 2 bps to 13.43% in 2024, then gained by 2 bps to 13.71% in 2025, then retreated by 1 bps to 13.51% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 13.51% in Q2 2026, 14.72% in Q1 2026, and 13.71% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 15.01% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 12.26% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 13.51% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 9.57% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 9.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.51% |
| Mar 31, 2026 | 14.72% |
| Dec 31, 2025 | 13.71% |
| Sep 30, 2025 | 13.92% |
| Jun 30, 2025 | 13.64% |
| Mar 31, 2025 | 14.95% |
| Dec 31, 2024 | 13.43% |
| Sep 30, 2024 | 15.16% |
| Jun 30, 2024 | 12.40% |
| Mar 31, 2024 | 14.72% |
| Dec 31, 2023 | 13.21% |
| Sep 30, 2023 | 14.49% |
| Jun 30, 2023 | 11.33% |
| Mar 31, 2023 | 13.17% |
| Dec 31, 2022 | 11.68% |
| Sep 30, 2022 | 12.77% |
| Jun 30, 2022 | 11.42% |
| Mar 31, 2022 | 12.35% |
| Dec 31, 2021 | 12.70% |
| Sep 30, 2021 | 13.43% |