Fortis vs PPL
Fortis and PPL are similar in size: $8.71bn and $9.04bn of revenue in their latest fiscal years. PPL grew faster (6.9% against 3.7%). Fortis kept more of each dollar of sales as profit: a net margin of 14.1% against 13.1%. PPL carries less debt relative to equity (130.0% against 144.0%).
| Latest fiscal year | FortisFTS, 2025 | PPLPPL, 2025 |
|---|---|---|
| Revenue | $8.71bn | $9.04bn |
| Revenue growth | 3.7% | 6.9% |
| Net income | $1.23bn | $1.18bn |
| Operating margin | 28.7% | 23.5% |
| Net margin | 14.1% | 13.1% |
| Return on equity | 7.2% | 8.2% |
| Free cash flow | −$1.35bn | −$1.40bn |
| Cash | $268m | $1.07bn |
| Total debt | $25.00bn | $19.35bn |
| Debt to equity | 144.0% | 130.0% |
| Dividend per share | — | $1.09 |
| Dividend yield | 1.9% | 3.0% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $30.36bn | $26.84bn |
| Price vs our value range | — | — |
| Moat score | — | 48 (Moderate) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 2 sales |