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
DateValue
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%