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Fortis (FTS) Gross Margin

Annual Gross Margin

67.26%
+3.05%+4.75%

December 31, 2023

Summary

Performance

1-Year Change

+4.75%

3-Year Change

-5.71%

5-Year Change

-4.27%

15-Year Change

-6.01%

FTS Gross Margin Chart

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Highlights

Sector Rank

89.38%
FTS annual gross profit margin is higher than 89.38% of companies in Utilities sector

High & Low

All-time High

71.56%
FTS annual gross profit margin is currently -6.01% below its historical high of 71.56%

3-Year Low

64.21%
FTS annual gross profit margin is currently +4.75% above its 3-year low

Earnings dates

Last Annual Earnings Report Date

Dec 31, 2023
FTS previous annual earnings announcement was published on Dec 31, 2023

Next Annual Earnings Report Date

Feb 14, 2025
FTS next annual earnings announcement is scheduled for Feb 14, 2025

OtherFTSprofitabilitymetrics:

Annual Revenue

$8.53 B
FTS annual revenue is $8.53 billion

Annual Gross Profit

$5.74 B
FTS annual gross profit is $5.74 billion

Annual Operating Margin

26.78%
FTS annual operating profit margin is 26.78%

Annual Net Margin

13.66%
FTS annual net profit margin is 13.66%

Quarterly Gross Margin

73.40%
+0.10%+0.14%

September 1, 2024

Summary

Performance

3-Month Change

+0.14%

1-Year Change

+2.56%

3-Year Change

+22.39%

5-Year Change

+6.3%

FTS Quarterly Gross Margin Chart

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Highlights

Sector Rank

93.58%
FTS quarterly gross profit margin is higher than 93.58% of companies in Utilities sector

High & Low

All-time High

75.25%
FTS quarterly gross profit margin is currently -2.46% below its historical high of 75.25%

3-Year Low

59.97%
FTS quarterly gross profit margin is currently +22.39% above its 3-year low

Earnings dates

Last Quarterly Earnings Report Date

Sep 1, 2024
FTS previous earnings announcement was published on Sep 1, 2024

Next Quarterly Earnings Report Date

Feb 14, 2025
FTS next earnings announcement is scheduled for Feb 14, 2025

OtherFTSprofitabilitymetrics:

Quarterly Revenue

$2.03 B
FTS quarterly revenue is $2.03 billion

Quarterly Gross Profit

$1.49 B
FTS quarterly gross profit is $1.49 billion

Quarterly Operating Margin

29.38%
FTS quarterly operating profit margin is 29.38%

Quarterly Net Margin

15.84%
FTS quarterly net profit margin is 15.84%

Gross Margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

Annual Gross Margin

67.26%
FTS annual gross profit margin is 67.26%

Annual Gross Profit

$5.74 B
FTS annual gross profit is $5.74 billion

Annual Revenue

$8.53 B
FTS annual revenue is $8.53 billion

FTS Gross Margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+4.8%+2.6%
3 y3 years-5.7%+22.4%
5 y5 years-4.3%+6.3%

FTS Gross Margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-year-2.2%+4.8%at high+22.4%
5 y5-year-5.7%+4.8%-2.5%+22.4%
alltimeall time-6.0%+46.6%-2.5%+78.2%

Fortis Gross Margin History

DateAnnualQuarterly
Sep 2024
-
73.40%(+0.1%)
Jun 2024
-
73.30%(+8.4%)
Mar 2024
-
67.64%(-1.7%)
Dec 2023
67.26%(+4.8%)
68.84%(-3.8%)
Sep 2023
-
71.57%(+2.7%)
Jun 2023
-
69.66%(+15.2%)
Mar 2023
-
60.47%(+0.8%)
Dec 2022
64.21%(-6.6%)
59.97%(-12.5%)
Sep 2022
-
68.51%(+0.8%)
Jun 2022
-
67.95%(+10.0%)
Mar 2022
-
61.80%(-6.0%)
Dec 2021
68.77%(-3.6%)
65.74%(-8.2%)
Sep 2021
-
71.58%(-0.8%)
Jun 2021
-
72.16%(+8.4%)
Mar 2021
-
66.56%(-3.6%)
Dec 2020
71.33%(+0.0%)
69.05%(-5.4%)
Sep 2020
-
73.03%(-3.0%)
Jun 2020
-
75.25%(+9.6%)
Mar 2020
-
68.63%(-3.7%)
Dec 2019
71.31%(+1.5%)
71.24%(-4.4%)
Sep 2019
-
74.55%(-0.4%)
Jun 2019
-
74.82%(+13.7%)
Mar 2019
-
65.80%(-4.6%)
Dec 2018
70.26%(-1.8%)
68.95%(-4.0%)
Sep 2018
-
71.86%(-2.8%)
Jun 2018
-
73.96%(+10.7%)
Mar 2018
-
66.82%(-6.3%)
Dec 2017
71.56%(+8.8%)
71.34%(-4.7%)
Sep 2017
-
74.86%(+1.2%)
Jun 2017
-
74.00%(+10.7%)
Mar 2017
-
66.84%(-2.7%)
Dec 2016
65.76%(+6.7%)
68.68%(+2.4%)
Sep 2016
-
67.08%(-0.1%)
Jun 2016
-
67.14%(+11.7%)
Mar 2016
-
60.10%(+0.0%)
Dec 2015
61.65%
60.07%(-8.9%)
Sep 2015
-
65.96%(+0.7%)
DateAnnualQuarterly
Jun 2015
-
65.47%(+15.9%)
Mar 2015
-
56.50%(-2.8%)
Dec 2014
59.32%(-1.2%)
58.12%(-12.0%)
Sep 2014
-
66.08%(+6.9%)
Jun 2014
-
61.84%(+16.0%)
Mar 2014
-
53.33%(-7.7%)
Dec 2013
60.04%(+2.9%)
57.77%(-12.5%)
Sep 2013
-
66.01%(+2.7%)
Jun 2013
-
64.30%(+17.7%)
Mar 2013
-
54.63%(-4.1%)
Dec 2012
58.35%(+6.9%)
56.96%(-15.1%)
Sep 2012
-
67.09%(+6.1%)
Jun 2012
-
63.26%(+24.7%)
Mar 2012
-
50.74%(-3.6%)
Dec 2011
54.60%(+1.3%)
52.61%(-18.8%)
Sep 2011
-
64.81%(+12.4%)
Jun 2011
-
57.68%(+20.2%)
Mar 2011
-
47.97%(-5.3%)
Dec 2010
53.90%(+6.5%)
50.68%(-20.8%)
Sep 2010
-
64.03%(+14.2%)
Jun 2010
-
56.05%(+15.4%)
Mar 2010
-
48.56%(-0.9%)
Dec 2009
50.62%(+10.3%)
49.02%(-20.9%)
Sep 2009
-
61.95%(+7.2%)
Jun 2009
-
57.80%(+40.4%)
Mar 2009
-
41.18%(-2.1%)
Dec 2008
45.89%(-12.8%)
42.05%(-24.9%)
Sep 2008
-
55.98%(+16.1%)
Jun 2008
-
48.23%(+15.6%)
Mar 2008
-
41.71%(-7.8%)
Dec 2007
52.65%(-16.9%)
45.22%(-22.3%)
Sep 2007
-
58.19%(+1.8%)
Jun 2007
-
57.15%(+3.0%)
Mar 2007
-
55.49%(-1.2%)
Dec 2006
63.32%(+30.5%)
-
Jun 1997
-
56.18%(+19.0%)
Mar 1997
-
47.21%
Dec 1995
48.53%
-

FAQ

  • What is Fortis annual gross profit margin?
  • What is the all time high annual gross margin for Fortis?
  • What is Fortis annual gross margin year-on-year change?
  • What is Fortis quarterly gross profit margin?
  • What is the all time high quarterly gross margin for Fortis?
  • What is Fortis quarterly gross margin year-on-year change?

What is Fortis annual gross profit margin?

The current annual gross margin of FTS is 67.26%

What is the all time high annual gross margin for Fortis?

Fortis all-time high annual gross profit margin is 71.56%

What is Fortis annual gross margin year-on-year change?

Over the past year, FTS annual gross profit margin has changed by +3.05% (+4.75%)

What is Fortis quarterly gross profit margin?

The current quarterly gross margin of FTS is 73.40%

What is the all time high quarterly gross margin for Fortis?

Fortis all-time high quarterly gross profit margin is 75.25%

What is Fortis quarterly gross margin year-on-year change?

Over the past year, FTS quarterly gross profit margin has changed by +1.83% (+2.56%)