Fortis Inc (FTS) — Cash Flow Quality Index
Latest as of June 2026:
2.71x
Fortis Inc (FTS) has a Cash Flow Quality Index of 2.71x as of June 2026. Operating cash flow of CA$1.13 Billion exceeds net income of CA$417.00 Million, indicating high earnings quality where cash backs reported profits. Explore Fortis Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
2.71x
Operating CF / Net Income
Operating Cash Flow
CA$1.13 Billion
CAD
Net Income
CA$417.00 Million
CAD
Data as of
Jun 2026
Most recent filing
Fortis Inc Cash Flow Quality Index (1995–2025)
Historical Cash Flow Quality Index for Fortis Inc across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Fortis Inc cash flow conversion.
Annual Cash Flow Quality Index for Fortis Inc (1995–2025)
Year-by-year earnings quality comparison for Fortis Inc.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.07x | CA$4.06 Billion | CA$1.96 Billion | ▼ -10.4% |
| 2024 | 2.31x | CA$3.88 Billion | CA$1.68 Billion | ▲ +2.5% |
| 2023 | 2.25x | CA$3.54 Billion | CA$1.57 Billion | ▲ +2.2% |
| 2022 | 2.21x | CA$3.07 Billion | CA$1.39 Billion | ▼ -1.8% |
| 2021 | 2.25x | CA$2.91 Billion | CA$1.29 Billion | ▲ +6.0% |
| 2020 | 2.12x | CA$2.70 Billion | CA$1.27 Billion | ▲ +37.1% |
| 2019 | 1.55x | CA$2.66 Billion | CA$1.72 Billion | ▼ -30.8% |
| 2018 | 2.23x | CA$2.60 Billion | CA$1.17 Billion | ▼ -16.7% |
| 2017 | 2.68x | CA$2.76 Billion | CA$1.03 Billion | ▼ -6.1% |
| 2016 | 2.85x | CA$1.88 Billion | CA$660.00 Million | ▲ +37.4% |
| 2015 | 2.08x | CA$1.67 Billion | CA$805.00 Million | ▼ -20.8% |
| 2014 | 2.63x | CA$982.00 Million | CA$374.00 Million | ▲ +13.9% |
| 2013 | 2.31x | CA$899.00 Million | CA$390.00 Million | ▼ -14.5% |
| 2012 | 2.70x | CA$976.00 Million | CA$362.00 Million | ▲ +5.2% |
| 2011 | 2.56x | CA$915.00 Million | CA$357.00 Million | ▲ +9.6% |
| 2010 | 2.34x | CA$732.00 Million | CA$313.00 Million | ▲ +2.8% |
| 2009 | 2.28x | CA$637.00 Million | CA$280.00 Million | ▼ -11.1% |
| 2008 | 2.56x | CA$663.00 Million | CA$259.00 Million | ▲ +36.6% |
| 2007 | 1.87x | CA$373.00 Million | CA$199.00 Million | ▲ +17.8% |
| 2006 | 1.59x | CA$263.14 Million | CA$165.38 Million | ▼ -19.4% |
| 2005 | 1.98x | CA$303.58 Million | CA$153.70 Million | ▼ -25.2% |
| 2004 | 2.64x | CA$272.27 Million | CA$103.17 Million | ▲ +33.8% |
| 2003 | 1.97x | CA$160.63 Million | CA$81.45 Million | ▼ -1.0% |
| 2002 | 1.99x | CA$134.42 Million | CA$67.48 Million | ▲ +19.6% |
| 2001 | 1.67x | CA$94.11 Million | CA$56.51 Million | ▼ -33.8% |
| 2000 | 2.52x | CA$100.45 Million | CA$39.91 Million | ▼ -10.7% |
| 1999 | 2.82x | CA$84.68 Million | CA$30.04 Million | ▼ -7.1% |
| 1998 | 3.03x | CA$73.78 Million | CA$24.32 Million | ▲ +41.2% |
| 1997 | 2.15x | CA$64.48 Million | CA$30.01 Million | ▲ +24.1% |
| 1995 | 1.73x | CA$60.70 Million | CA$35.04 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.