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Year on year Fortis Inc grew revenues 4.29% from 11.04bn to 11.52bn while net income improved 12.84% from 1.39bn to 1.57bn.
| Gross margin | 70.66% |
|---|---|
| Net profit margin | 15.83% |
| Operating margin | 28.22% |
| Return on assets | 2.67% |
|---|---|
| Return on equity | 7.77% |
| Return on investment | 3.02% |
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Cash flow in CADView more
In 2023, Fortis Inc increased its cash reserves by 199.04%, or 416.00m. The company earned 3.55bn from its operations for a Cash Flow Margin of 30.78%. In addition the company generated 613.00m cash from financing while 3.74bn was spent on investing.
| Cash flow per share | 7.35 |
|---|---|
| Price/Cash flow per share | 8.59 |
| Book value per share | 45.24 |
|---|---|
| Tangible book value per share | 17.15 |
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Balance sheet in CADView more
| Current ratio | 0.7356 |
|---|---|
| Quick ratio | 0.6297 |
| Total debt/total equity | 1.42 |
|---|---|
| Total debt/total capital | 0.5676 |
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Growth rates in CAD
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 5.30% and 11.49%, respectively. Additionally when measured on a five year annualized basis, dividend per share growth is above the industry average relative to its peers, while earnings per share growth is in-line with the industry average.
| Div yield(5 year avg) | 3.73% |
|---|---|
| Div growth rate (5 year) | 5.78% |
| Payout ratio (TTM) | 73.04% |
| EPS growth(5 years) | 4.50 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 4.60 |
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