undamentalytics Newsletter
Sign in

Fortis Inc. income statement

In fiscal 2025, Fortis Inc. reported revenue of $8.71bn, up 3.7% on the year before, operating income of $2.50bn (a 28.7% margin) and net income of $1.23bn, or $2.43 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Revenue5,2915,1686,4006,4786,6196,6637,5408,4938,5368,4038,713
Cost of revenue——1,8201,9271,8991,9112,3553,0402,7952,3722,413
Gross profit——4,5804,5524,7204,7535,1855,4545,7416,0316,299
Operating income1,1111,1211,9361,8262,2901,8701,9702,1072,2862,4042,500
Interest expense4335127057527807778008489671,0271,058
Income before tax8326481,3211,1201,6141,2081,3081,3871,5341,5871,685
Income tax175110453127218172187222267253281
Net income5704427428491,2479029821,0231,1161,1731,227
Diluted EPS$2.03$1.43$1.78$2.00$2.85$1.94$2.08$2.14$2.30$2.37$2.43
Diluted shares (average)285m313m416m425m438m465m471m479m487m495m504m
EBITDA1,7951,8642,8452,7863,3072,9353,1723,3903,6003,8113,973

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: FTS vs PPLCIG vs FTSFTS vs WEC

More: Electric Utilities stocks compared, Utilities sector, rankings of US companies

Figures from Fortis Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fortis Inc.