← Fortis Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $6.8b
$8.3b +21.40%
$8.3b +0.30%
$8.6b +3.28%
$8.7b +1.69%
$9.3b +5.81%
$10.9b +17.94%
$11.2b +2.30%
$11.2b +0.72%
$11.9b +5.84%
$12.4b +3.79%
Cost of Revenue — $2.4b
$2.5b +5.68%
$2.5b +1.00%
$2.6b +1.67%
$3.0b +15.18%
$4.0b +33.92%
$3.8b -4.58%
$3.2b -13.84%
$3.4b +3.76%
$3.4b +1.07%
Gross Profit (Calculated) — $5.9b
$5.8b -1.84%
$6.1b +4.25%
$6.2b +1.69%
$6.3b +1.92%
$7.0b +10.46%
$7.4b +6.21%
$8.0b +8.14%
$8.5b +6.69%
—
Amortization of Intangible Assets $79.0m $97.0m $106.0m $125.0m $131.0m $136.0m $145.0m $150.0m $153.0m $160.0m —
Operating Expenses $2.0b $2.3b $2.3b $2.5b $2.4b $2.5b $2.7b $2.9b $3.0b $3.2b $5.4b
Other Operating Income $1.5b $2.5b $48.0m $68.0m $127.0m $214.0m $159.0m $204.0m $96.0m $119.0m —
Operating Income (Loss) $1.5b
$2.5b +68.58%
$2.4b -5.40%
$3.0b +28.46%
$2.5b -17.45%
$2.5b -1.56%
$2.7b +10.98%
$3.1b +12.55%
$3.3b +6.74%
$3.5b +6.08%
$3.5b +0.17%
Interest Expense $678.0m $914.0m $974.0m $1.0b $1.0b $1.0b $1.1b $1.3b — — $1.5b
Investment Income, Interest $7.0m $14.0m $15.0m $16.0m $13.0m — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax $0 $26.0m $0 — — — — — ($10.0m) $13.0m —
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — — $46.0m —
Other Nonoperating Income (Expense) $2.0m $9.0m ($17.0m) $20.0m $30.0m $9.0m $19.0m $13.0m $8.0m $1.0m —
Interest Expense (non-operating) — — — — — — — — $1.4b $1.5b $1.5b
Interest Income (Expense), Nonoperating, Net — — — — — $5.0m $11.0m $76.0m $64.0m $43.0m $51.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $357.0m $461.0m $376.0m $901.0m $333.0m $427.0m $447.0m $526.0m $518.0m $565.0m $2.4b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $858.0m $1.7b $1.5b $2.1b $1.6b $1.6b $1.8b $2.1b $2.2b $2.4b $2.4b
Income Tax Expense (Benefit) $145.0m $588.0m $165.0m $289.0m $231.0m $234.0m $289.0m $360.0m $346.0m $393.0m $373.0m
Net Income (Loss) Attributable to Noncontrolling Interest $53.0m $97.0m $120.0m $130.0m $115.0m $111.0m $120.0m $137.0m $148.0m $162.0m $1.7b
Preferred Stock Dividends and Other Adjustments $75.0m $65.0m $66.0m $67.0m $65.0m $63.0m $64.0m $67.0m $74.0m $85.0m $87.0m
Earnings Per Share, Basic $1.89 $2.32 $2.59 $3.79 $2.60 $2.61 $2.78 $3.10 $3.24 $3.40 $3.40
Earnings Per Share, Diluted $1.89 $2.31 $2.59 $3.78 $2.60 $2.61 $2.78 $3.10 $3.24 $3.40 $3.40
Common Stock, Dividends, Per Share, Declared $1.55 $1.65 $1.75 $1.85 $1.97 $2.08 $2.20 $2.31 $2.41 $2.51 —
Weighted Average Number of Shares Outstanding, Basic 308.9m 415.5m 424.7m 436.8m 464.8m 470.9m 478.6m 486.3m 495.0m 503.5m 507.3m
Weighted Average Number of Shares Outstanding, Diluted 313.4m 416.2m 425.2m 437.5m 465.4m 471.4m 479.0m 486.5m 495.2m 503.7m 507.4m
Additional Financial Items
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity $37.0m $74.0m $64.0m $74.0m $78.0m $77.0m $78.0m $101.0m $139.0m $174.0m —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — — — — ($45.0m) ($92.0m) ($62.0m) ($73.0m) ($80.0m) —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.