Fortis Inc (FTS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Fortis Inc (FTS) has a cash flow conversion efficiency ratio of 0.042x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$1.10 Billion ≈ $797.89 Million USD) by net assets (CA$26.49 Billion ≈ $19.16 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Fortis Inc balance sheet independence to measure how much of total assets are equity-financed.
Fortis Inc - Cash Flow Conversion Efficiency Trend (1995–2025)
This chart illustrates how Fortis Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check FTS cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Fortis Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Fortis Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Bharat Electronics Limited
NSE:BEL_old
|
0.013x |
|
Teck Resources Limited
TO:TECK-B
|
0.038x |
|
GE HealthCare Technologies Inc.
NASDAQ:GEHC
|
0.027x |
|
DTE Energy Company
NYSE:DTE
|
0.074x |
|
Firstrand Ltd
JSE:FSR
|
0.188x |
|
BOE Technology Group Co Ltd
SHE:000725
|
0.068x |
|
FANUC CORP.UNSP.ADR 1/10
F:FUCA
|
N/A |
|
Gold Fields Limited
F:EDG
|
0.048x |
Annual Cash Flow Conversion Efficiency for Fortis Inc (1995–2025)
The table below shows the annual cash flow conversion efficiency of Fortis Inc from 1995 to 2025. For the full company profile with market capitalisation and key ratios, see Fortis Inc (FTS) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$25.87 Billion ≈ $18.71 Billion |
CA$4.06 Billion ≈ $2.94 Billion |
0.157x | +4.57% |
| 2024-12-31 | CA$25.85 Billion ≈ $18.70 Billion |
CA$3.88 Billion ≈ $2.81 Billion |
0.150x | -1.17% |
| 2023-12-31 | CA$23.33 Billion ≈ $16.88 Billion |
CA$3.54 Billion ≈ $2.56 Billion |
0.152x | +12.90% |
| 2022-12-31 | CA$22.84 Billion ≈ $16.52 Billion |
CA$3.07 Billion ≈ $2.22 Billion |
0.135x | -3.17% |
| 2021-12-31 | CA$20.92 Billion ≈ $15.13 Billion |
CA$2.91 Billion ≈ $2.10 Billion |
0.139x | +4.37% |
| 2020-12-31 | CA$20.28 Billion ≈ $14.67 Billion |
CA$2.70 Billion ≈ $1.95 Billion |
0.133x | +0.57% |
| 2019-12-31 | CA$20.11 Billion ≈ $14.55 Billion |
CA$2.66 Billion ≈ $1.93 Billion |
0.132x | -6.16% |
| 2018-12-31 | CA$18.46 Billion ≈ $13.35 Billion |
CA$2.60 Billion ≈ $1.88 Billion |
0.141x | -14.25% |
| 2017-12-31 | CA$16.75 Billion ≈ $12.12 Billion |
CA$2.76 Billion ≈ $1.99 Billion |
0.165x | +43.67% |
| 2016-12-31 | CA$16.45 Billion ≈ $11.90 Billion |
CA$1.88 Billion ≈ $1.36 Billion |
0.115x | -29.13% |
| 2015-12-31 | CA$10.35 Billion ≈ $7.49 Billion |
CA$1.67 Billion ≈ $1.21 Billion |
0.162x | +49.94% |
| 2014-12-31 | CA$9.11 Billion ≈ $6.59 Billion |
CA$982.00 Million ≈ $710.36 Million |
0.108x | -23.57% |
| 2013-12-31 | CA$6.38 Billion ≈ $4.61 Billion |
CA$899.00 Million ≈ $650.32 Million |
0.141x | -21.84% |
| 2012-12-31 | CA$5.41 Billion ≈ $3.91 Billion |
CA$976.00 Million ≈ $706.02 Million |
0.180x | -2.54% |
| 2011-12-31 | CA$4.94 Billion ≈ $3.58 Billion |
CA$915.00 Million ≈ $661.90 Million |
0.185x | +2.52% |
| 2010-12-31 | CA$4.05 Billion ≈ $2.93 Billion |
CA$732.00 Million ≈ $529.52 Million |
0.181x | +12.76% |
| 2009-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
CA$637.00 Million ≈ $460.80 Million |
0.160x | -6.96% |
| 2008-12-31 | CA$3.85 Billion ≈ $2.79 Billion |
CA$663.00 Million ≈ $479.60 Million |
0.172x | +45.45% |
| 2007-12-31 | CA$3.15 Billion ≈ $2.28 Billion |
CA$373.00 Million ≈ $269.82 Million |
0.118x | -17.21% |
| 2006-12-31 | CA$1.84 Billion ≈ $1.33 Billion |
CA$263.14 Million ≈ $190.35 Million |
0.143x | -26.03% |
| 2005-12-31 | CA$1.57 Billion ≈ $1.14 Billion |
CA$303.58 Million ≈ $219.61 Million |
0.193x | -3.78% |
| 2004-12-31 | CA$1.36 Billion ≈ $980.61 Million |
CA$272.27 Million ≈ $196.95 Million |
0.201x | -3.17% |
| 2003-12-31 | CA$774.43 Million ≈ $560.21 Million |
CA$160.63 Million ≈ $116.20 Million |
0.207x | -3.65% |
| 2002-12-31 | CA$624.41 Million ≈ $451.69 Million |
CA$134.42 Million ≈ $97.24 Million |
0.215x | +10.95% |
| 2001-12-31 | CA$485.06 Million ≈ $350.89 Million |
CA$94.11 Million ≈ $68.08 Million |
0.194x | -14.31% |
| 2000-12-31 | CA$443.64 Million ≈ $320.92 Million |
CA$100.45 Million ≈ $72.67 Million |
0.226x | +0.07% |
| 1999-12-31 | CA$374.25 Million ≈ $270.72 Million |
CA$84.68 Million ≈ $61.26 Million |
0.226x | +6.45% |
| 1998-12-31 | CA$347.11 Million ≈ $251.09 Million |
CA$73.78 Million ≈ $53.37 Million |
0.213x | +10.42% |
| 1997-12-31 | CA$334.97 Million ≈ $242.31 Million |
CA$64.48 Million ≈ $46.65 Million |
0.193x | -0.52% |
| 1995-12-31 | CA$313.69 Million ≈ $226.92 Million |
CA$60.70 Million ≈ $43.91 Million |
0.194x | -- |
About Fortis Inc
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. 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… Read more