Fortis (FTS) Net Margin (2015 - 2026)
Fortis (FTS) posted Net Margin of 14.72% for Q1 2026, up 7.42% on a QoQ basis from 13.71% in Q4 2025, and down 23.0% year-over-year from 19.12% in Q1 2025.
Fortis (FTS) Net Margin (2015 - 2026) Analysis & Trends
Fortis' Net Margin history runs 12 years deep, the most recent figure standing at 14.72% for Q1 2026.
- Quarterly Net Margin fell 23.0% year-over-year to 14.72% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.03% (changed 0.0% YoY) and the FY2025 annual result came in at 14.08%, up 13.0% from the prior year.
- Net Margin was 14.72% for Q1 2026 at Fortis, up from 13.71% in the prior quarter.
- Across five years, Net Margin topped out at 15.16% in Q3 2024 and bottomed at 11.33% in Q2 2023.
- A 5-year average of 13.36% and a median of 13.43% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 164 bps — and 2023, when it surged 172 bps.
- Fortis' Net Margin stood at 11.68% in 2022, then grew by 13 bps to 13.21% in 2023, then rose by 2 bps to 13.43% in 2024, then climbed by 2 bps to 13.71% in 2025, then increased by 7 bps to 14.72% in 2026.
- Business Quant data shows FTS's Net Margin at 14.72% in Q1 2026, 13.71% in Q4 2025, and 13.92% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 14.72% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 12.17% |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 13.83% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 23.42% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 16.41% |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 35.43% |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 11.09% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 12.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 11.88% |