What is the current annual gross margin of FTS?

As of today, FTS annual gross margin is 28.69%

What is 1-year change in FTS annual gross margin?

FTS annual gross margin is up +0.28% year-over-year

What is 3-year change in FTS annual gross margin?

FTS annual gross margin is up +15.64% over the past 3 years

How far is FTS annual gross margin from its all-time high?

FTS annual gross margin is currently -31.93% below its historical high of 42.15% set on December 31, 1997

How does FTS annual gross margin rank versus sector peers?

FTS annual gross margin is higher than 54.37% of companies in Utilities sector

When is FTS next annual earnings release?

The next annual earnings release for FTS is on February 11, 2027

What is the current quarterly gross margin of FTS?

As of today, FTS quarterly gross margin is 29.86%

What is FTS quarterly gross margin most recent change?

FTS quarterly gross margin was up +8.86% on September 30, 2026

What is 1-year change in FTS quarterly gross margin?

FTS quarterly gross margin is up +0.71% year-over-year

How far is FTS quarterly gross margin from its all-time high?

FTS quarterly gross margin is currently -46.85% below its historical high of 56.18% set on June 30, 1997

How does FTS quarterly gross margin rank versus sector peers?

FTS quarterly gross margin is higher than 51.58% of companies in Utilities sector

When is FTS next earnings release?

The next earnings release for FTS is on February 11, 2027

Fortis Inc. (FTS) Gross Margin History & Chart Since 1985

Annual Gross Margin

28.69%0.08%+0.28%

December 31, 2025

Summary

Current Value: As of today, FTS annual gross margin is 28.69%, up +0.28% on December 31, 2025
Historical Performance: FTS annual gross margin is up +15.64% over the past 3 years, up +2.21% over the past 5 years
All-Time High Comparison: FTS annual gross margin is currently -31.93% below its historical high of 42.15% set on December 31, 1997
3-Year Low Comparison: FTS annual gross margin is +15.64% above its 3-year low of 24.81% reached on an earlier date
Sector Comparison: FTS annual gross margin is higher than 54.37% of companies in Utilities sector

Gross Margin Chart

beforeafter

Performance

FTS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	28.69%	+0.3%	+15.6%	+2.2%	+42.0%
Quarterly Gross Margin	Sep 30, 26	29.86%	+0.7%	-1.1%	+9.7%	+40.1%
Price	Nov 6, 26	$60.10	+17.7%	+45.7%	+33.4%	+76.0%
PE Ratio	Nov 6, 26	23.70	+11.5%	+31.4%	+9.2%	+22.1%
Annual Revenue	Dec 31, 25	$8.71B	+3.7%	+2.7%	+30.8%	+144.8%
Annual Gross Profit	Dec 31, 25	$2.50B	+4.0%	+18.7%	+33.7%	+247.9%
Annual Operating Margin	Dec 31, 25	28.69%	+0.3%	+15.6%	+2.2%	+42.0%
Annual Net Margin	Dec 31, 25	16.11%	+1.4%	+17.5%	+3.6%	+82.7%

Gross Margin Highs

FTS Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	28.69%	Dec 31, 25	at high
5Y	28.69%	Dec 31, 25	at high
All	42.15%	Dec 31, 97	-31.9%

Gross Margin Lows

FTS Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	24.81%	N/A	+15.6%
5Y	24.81%	Dec 31, 22	+15.6%
All	0.00%	Dec 1, 85	N/A

Gross Margin History

Year	Value	Change
2025	28.69%	+0.3%
2024	28.61%	+6.8%
2023	26.78%	+7.9%
2022	24.81%	-5.1%
2021	26.13%	-6.9%
2020	28.07%	-0.3%
2019	28.15%	-0.1%
2018	28.19%	-7.4%
2017	30.45%	+33.3%
2016	22.84%	+7.5%
2015	21.24%	+12.1%
2014	18.94%	-10.0%
2013	21.05%	-3.1%
2012	21.73%	+4.8%
2011	20.73%	+2.6%
2010	20.20%	+4.8%
2009	19.27%	+7.5%
2008	17.93%	-9.9%
2007	19.90%	-15.8%
2006	23.63%	-2.4%
2005	24.20%	+4.6%

Year	Value	Change
2004	23.14%	-3.1%
2003	23.87%	>+9,900.0%
2002	0.00%	0.0%
2001	0.00%	-100.0%
2000	19.40%	-5.1%
1999	20.45%	+6.2%
1998	19.26%	-54.3%
1997	42.15%	+0.1%
1996	42.11%	+6.1%
1995	39.69%	+5.1%
1994	37.77%	-2.7%
1993	38.82%	+2.6%
1992	37.84%	+1.0%
1991	37.47%	-2.9%
1990	38.60%	>+9,900.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	-

FAQ

What is the current annual gross margin of FTS?: As of today, FTS annual gross margin is 28.69%
What is 1-year change in FTS annual gross margin?: FTS annual gross margin is up +0.28% year-over-year
What is 3-year change in FTS annual gross margin?: FTS annual gross margin is up +15.64% over the past 3 years
How far is FTS annual gross margin from its all-time high?: FTS annual gross margin is currently -31.93% below its historical high of 42.15% set on December 31, 1997
How does FTS annual gross margin rank versus sector peers?: FTS annual gross margin is higher than 54.37% of companies in Utilities sector
When is FTS next annual earnings release?: The next annual earnings release for FTS is on February 11, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

29.86%2.43%+8.86%

September 30, 2026

Summary

Current Value: As of today, FTS quarterly gross margin is 29.86%, up +8.86% on September 30, 2026
Historical Performance: FTS quarterly gross margin is up +0.71% year-over-year, down -1.09% over the past 3 years
All-Time High Comparison: FTS quarterly gross margin is currently -46.85% below its historical high of 56.18% set on June 30, 1997
3-Year Low Comparison: FTS quarterly gross margin is +10.59% above its 3-year low of 27.00% reached on December 31, 2023
Sector Comparison: FTS quarterly gross margin is higher than 51.58% of companies in Utilities sector

Performance

FTS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	29.86%	+8.9%	+0.7%	-1.1%	+9.7%
Annual Gross Margin	Dec 31, 25	28.69%	–	+0.3%	+15.6%	+2.2%
Price	Nov 6, 26	$60.10	+7.5%	+17.7%	+45.7%	+33.4%
PE Ratio	Nov 6, 26	23.70	+4.5%	+11.5%	+31.4%	+9.2%
Quarterly Revenue	Sep 30, 26	$2.22B	+4.8%	+4.0%	+9.4%	+27.3%
Quarterly Gross Profit	Sep 30, 26	$662.17M	+14.0%	+4.7%	+8.2%	+39.5%
Quarterly Operating Margin	Sep 30, 26	29.86%	+8.9%	+0.7%	-1.1%	+9.7%
Quarterly Net Margin	Sep 30, 26	17.55%	+11.8%	+8.8%	+7.2%	+12.7%

Quarterly Gross Margin Highs

FTS Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	29.86%	Sep 30, 26	at high
3Y	30.19%	N/A	-1.1%
5Y	30.19%	Sep 30, 23	-1.1%
All	56.18%	Jun 30, 97	-46.9%

Quarterly Gross Margin Lows

FTS Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	27.43%	Jun 30, 26	+8.9%
3Y	27.00%	Dec 31, 23	+10.6%
5Y	23.77%	Dec 31, 22	+25.6%
All	-69.13%	Dec 31, 04	+143.2%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	29.86%	+8.9%
Jun 2026	27.43%	-0.6%
Mar 2026	27.60%	-2.1%
Dec 2025	28.19%	-4.9%
Sep 2025	29.65%	+4.3%
Jun 2025	28.42%	-0.5%
Mar 2025	28.55%	-2.6%
Dec 2024	29.30%	-0.3%
Sep 2024	29.38%	+6.3%
Jun 2024	27.64%	-1.6%
Mar 2024	28.09%	+4.0%
Dec 2023	27.00%	-10.6%
Sep 2023	30.19%	+19.8%
Jun 2023	25.21%	+0.8%
Mar 2023	25.01%	+5.2%
Dec 2022	23.77%	-12.9%
Sep 2022	27.30%	+10.6%
Jun 2022	24.69%	+3.6%
Mar 2022	23.84%	-4.7%
Dec 2021	25.01%	-8.2%
Sep 2021	27.23%	+4.1%
Jun 2021	26.15%	-0.6%
Mar 2021	26.31%	-5.1%
Dec 2020	27.71%	-2.4%
Sep 2020	28.38%	-1.4%
Jun 2020	28.79%	+4.6%
Mar 2020	27.52%	-7.5%
Dec 2019	29.76%	+4.3%
Sep 2019	28.52%	+5.4%
Jun 2019	27.06%	+0.9%
Mar 2019	26.81%	+2.3%
Dec 2018	26.20%	-10.3%
Sep 2018	29.22%	-1.6%
Jun 2018	29.69%	+6.4%
Mar 2018	27.90%	-3.1%
Dec 2017	28.80%	-13.1%
Sep 2017	33.14%	+6.7%
Jun 2017	31.07%	+10.2%
Mar 2017	28.19%	+17.4%
Dec 2016	24.02%	+3.1%
Sep 2016	23.30%	+11.3%
Jun 2016	20.94%	+3.9%
Mar 2016	20.15%	-1.9%
Dec 2015	20.55%	-9.4%
Sep 2015	22.67%	+6.0%
Jun 2015	21.39%	+4.0%
Mar 2015	20.57%	+19.7%
Dec 2014	17.19%	-9.0%
Sep 2014	18.88%	+1.2%
Jun 2014	18.66%	-12.1%
Mar 2014	21.24%	+0.9%
Dec 2013	21.06%	+16.9%
Sep 2013	18.02%	-17.2%
Jun 2013	21.77%	-6.1%
Mar 2013	23.18%	+14.1%
Dec 2012	20.32%	-8.2%

Month	Value	Change
Sep 2012	22.13%	-4.2%
Jun 2012	23.11%	+6.2%
Mar 2012	21.76%	+9.2%
Dec 2011	19.92%	-6.6%
Sep 2011	21.32%	+1.9%
Jun 2011	20.92%	-0.2%
Mar 2011	20.97%	+9.8%
Dec 2010	19.09%	-7.1%
Sep 2010	20.56%	+1.7%
Jun 2010	20.22%	-3.3%
Mar 2010	20.91%	+8.6%
Dec 2009	19.25%	-7.4%
Sep 2009	20.78%	+0.4%
Jun 2009	20.69%	+17.8%
Mar 2009	17.57%	-48.6%
Dec 2008	34.18%	+69.0%
Sep 2008	20.22%	+21.6%
Jun 2008	16.63%	-11.8%
Mar 2008	18.85%	-50.4%
Dec 2007	38.02%	+88.2%
Sep 2007	20.20%	-4.7%
Jun 2007	21.19%	+3.6%
Mar 2007	20.46%	-10.2%
Dec 2006	22.79%	-11.5%
Sep 2006	25.75%	+14.2%
Jun 2006	22.54%	-4.4%
Mar 2006	23.58%	+16.9%
Dec 2005	20.17%	-23.9%
Sep 2005	26.51%	-3.9%
Jun 2005	27.60%	+22.0%
Mar 2005	22.62%	+132.7%
Dec 2004	-69.13%	-383.6%
Sep 2004	24.38%	-3.6%
Jun 2004	25.28%	+24.2%
Mar 2004	20.35%	-2.1%
Dec 2003	20.79%	-21.6%
Sep 2003	26.51%	+0.4%
Jun 2003	26.41%	+18.6%
Mar 2003	22.26%	>+9,900.0%
Dec 2002	0.00%	0.0%
Sep 2002	0.00%	0.0%
Jun 2002	0.00%	-100.0%
Mar 2002	23.40%	>+9,900.0%
Dec 2001	0.00%	-100.0%
Sep 2001	25.28%	+4.2%
Jun 2001	24.27%	+19.7%
Mar 2001	20.28%	>+9,900.0%
Dec 2000	0.00%	0.0%
Sep 2000	0.00%	0.0%
Jun 2000	0.00%	0.0%
Mar 2000	0.00%	0.0%
Sep 1999	0.00%	0.0%
Jun 1999	0.00%	-100.0%
Jun 1997	56.18%	+19.0%
Mar 1997	47.21%	-

FAQ

What is the current quarterly gross margin of FTS?: As of today, FTS quarterly gross margin is 29.86%
What is FTS quarterly gross margin most recent change?: FTS quarterly gross margin was up +8.86% on September 30, 2026
What is 1-year change in FTS quarterly gross margin?: FTS quarterly gross margin is up +0.71% year-over-year
How far is FTS quarterly gross margin from its all-time high?: FTS quarterly gross margin is currently -46.85% below its historical high of 56.18% set on June 30, 1997
How does FTS quarterly gross margin rank versus sector peers?: FTS quarterly gross margin is higher than 51.58% of companies in Utilities sector
When is FTS next earnings release?: The next earnings release for FTS is on February 11, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

FTS Official Website www.fortisinc.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1666175/000166617526000013/0001666175-26-000013-index.htm
FTS Profile on Yahoo Finance finance.yahoo.com/quote/FTS
FTS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/fts