Fortis revenue and financials
Secondary listing. The primary listing is Fortis · TSX (CAD)
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In the fiscal year ended December 2025, Fortis reported revenue of $12.17B (+5.75% year over year). Net income was $1.96B, a net margin of 16.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +5.75%
- 2025 vs 2024
- Net income growth
- +7.28%
- 2025 vs 2024
- Net margin
- 16.1%
- 2024: 15.9%
Financial data
Amounts in millions of CAD; per-share values in CAD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 78,764 | 76,714 | 74,830 | 74,503 | 72,789 | 74,718 | 73,486 | 69,642 | 68,772 | 67,584 | 65,920 | 66,285 |
| Current assets | 4,188 | 4,107 | 3,805 | 3,656 | 3,566 | 4,124 | 3,796 | 4,213 | 3,917 | 3,990 | 4,025 | 4,522 |
| Cash and equivalents | 384 | 359 | 367 | 389 | 221 | 510 | 220 | 896 | 561 | 569 | 625 | 765 |
| Receivables | 1,883 | 1,825 | 1,493 | 1,622 | 1,714 | — | — | — | — | — | — | — |
| Inventory | 681 | 643 | 649 | 655 | 679 | — | — | — | — | — | — | — |
| Net property, plant and equipment | 53,863 | 52,209 | 50,946 | 50,562 | 49,505 | 50,240 | 49,520 | 46,330 | 45,636 | 44,623 | 43,436 | 43,220 |
| Goodwill | 12,908 | 12,682 | 12,527 | 12,686 | 12,483 | 13,115 | 13,112 | 12,416 | 12,538 | 12,425 | 12,184 | 12,455 |
| Other intangible assets | 1,789 | 1,742 | 1,723 | 1,708 | 1,638 | — | — | — | — | — | — | — |
| Long-term investments | — | — | 461 | — | — | — | — | — | — | — | — | — |
| Current liabilities | 7,451 | 8,458 | 7,513 | 5,509 | 6,162 | 5,435 | 6,036 | 5,727 | 5,681 | 6,605 | 5,964 | 6,368 |
| Accounts payable | 3,548 | 3,764 | 1,148 | 2,993 | 2,914 | — | — | — | — | — | — | — |
| Long-term debt | 32,547 | 30,779 | 30,723 | 32,091 | 30,723 | — | — | — | — | — | — | — |
| Total debt | 36,327 | 35,411 | 34,673 | 34,419 | 33,810 | — | — | — | — | — | — | — |
| Total liabilities | 51,300 | 50,228 | 48,961 | 48,250 | 47,195 | 48,525 | 47,633 | 45,249 | 44,115 | 43,569 | 42,588 | 42,739 |
| Total equity (incl. minority) | 27,464 | 26,486 | 25,869 | 26,253 | 25,594 | 26,193 | 25,853 | 24,393 | 24,657 | 24,015 | 23,332 | 23,546 |
| Retained earnings | 5,540 | 5,144 | 4,969 | 5,195 | 5,095 | 4,711 | 4,521 | 4,433 | 4,611 | 4,279 | 4,112 | 4,020 |
| Minority interest | 2,167 | 2,104 | 2,059 | 2,052 | 1,968 | 2,058 | 2,045 | 1,894 | 1,908 | 1,875 | 1,827 | 1,854 |