Fortis Inc.
FTSUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jul 18, 2026
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Daily timeframeHeadquartered within the utilities sector, Fortis Inc. focuses on Utilities - Regulated Electric services and products. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. With a market capitalization of $29.93B, it sits in large-cap territory. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW).
Market Cap
$29.93B
Beta
0.43
P/E (TTM)
24.59
P/E (Fwd)
20.99
EPS (TTM)
$2.39
EPS (Fwd)
$2.80
ROE
7.5%
ROA
3.0%
Cash
$359.0M
Total Debt
$35.41B
Free CF
-$2.65B
52W Change
24.3%
Annual Financials
Cash vs Debt
Fortis Inc. carries $35.41B in total debt against $359.0M in cash reserves — debt is roughly 98.6x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$2.65B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 7.5% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $11.04B to $12.17B.
FTS's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Fortis Inc.'s trajectory.