Fortis (FTS) Net Margin (2015 - 2026)
Fortis' (FTS) quarterly Net Margin came in at 13.51% in Q2 2026, down 13.0% on a YoY basis from 15.53% in Q2 2025, and down 8.23% quarter-over-quarter from 14.72% in Q1 2026.
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Fortis (FTS) Net Margin (2015 - 2026) Analysis & Trends
Fortis (FTS) has reported Net Margin for 12 consecutive years, with 13.51% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 13.0% year-over-year to 13.51%; the trailing twelve-month figure through Jun 2026 stood at 13.99% (down 32.0% YoY), and the FY2025 full-year result was 14.08%, up 13.0% from the prior year.
- Net Margin eased to 13.51% in Q2 2026 per FTS's latest filing, from 14.72% 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.
- Historically, Net Margin has averaged 13.36% across 5 years, with a median of 13.47% in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 626 bps in 2022, then soared 172 bps in 2023.
- Over 5 years, 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 slipped by 1 bps to 13.51% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 13.51%, 14.72%, and 13.71% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 290.50 Bn | 290.50 Bn | 890.00 Mn | 11.99% |
| 2 | Dominion Energy | 55.93 Bn | 59.84 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 45.14 Bn | 43.13 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 33.62 Bn | 33.98 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 28.30 Bn | 28.41 Bn | - | 15.01% |
| 6 | Fortis | 27.45 Bn | 28.74 Bn | 1.60 Bn | 13.51% |
| 7 | Firstenergy | 26.18 Bn | 27.48 Bn | 2.51 Bn | 9.57% |
| 8 | Hydro One | 22.32 Bn | 21.93 Bn | - | 11.62% |
| 9 | Edison International | 21.27 Bn | 21.03 Bn | 3.29 Bn | 12.26% |
| 10 | Cms Energy | 20.49 Bn | 20.87 Bn | 3.65 Bn | 9.98% |
Historic Data
Download Data
Historic 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 | 19.03% |