Fortis Inc (FTS) - Net Assets
Based on the latest financial reports, Fortis Inc (FTS) has net assets worth CA$25.87 Billion CAD (≈ $18.71 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$74.83 Billion ≈ $54.13 Billion USD) and total liabilities (CA$48.96 Billion ≈ $35.42 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Fortis Inc for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$25.87 Billion |
| % of Total Assets | 34.57% |
| Annual Growth Rate | 15.84% |
| 5-Year Change | 23.68% |
| 10-Year Change | 57.26% |
| Growth Volatility | 19.71 |
Fortis Inc - Net Assets Trend (1995–2025)
This chart illustrates how Fortis Inc's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Fortis Inc market cap and net worth.
Annual Net Assets for Fortis Inc (1995–2025)
The table below shows the annual net assets of Fortis Inc from 1995 to 2025. Explore FTS cash flow metrics to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$25.87 Billion ≈ $18.71 Billion |
+0.06% |
| 2024-12-31 | CA$25.85 Billion ≈ $18.70 Billion |
+10.80% |
| 2023-12-31 | CA$23.33 Billion ≈ $16.88 Billion |
+2.15% |
| 2022-12-31 | CA$22.84 Billion ≈ $16.52 Billion |
+9.21% |
| 2021-12-31 | CA$20.92 Billion ≈ $15.13 Billion |
+3.12% |
| 2020-12-31 | CA$20.28 Billion ≈ $14.67 Billion |
+0.85% |
| 2019-12-31 | CA$20.11 Billion ≈ $14.55 Billion |
+8.98% |
| 2018-12-31 | CA$18.46 Billion ≈ $13.35 Billion |
+10.19% |
| 2017-12-31 | CA$16.75 Billion ≈ $12.12 Billion |
+1.82% |
| 2016-12-31 | CA$16.45 Billion ≈ $11.90 Billion |
+58.89% |
| 2015-12-31 | CA$10.35 Billion ≈ $7.49 Billion |
+13.62% |
| 2014-12-31 | CA$9.11 Billion ≈ $6.59 Billion |
+42.91% |
| 2013-12-31 | CA$6.38 Billion ≈ $4.61 Billion |
+17.86% |
| 2012-12-31 | CA$5.41 Billion ≈ $3.91 Billion |
+9.45% |
| 2011-12-31 | CA$4.94 Billion ≈ $3.58 Billion |
+21.93% |
| 2010-12-31 | CA$4.05 Billion ≈ $2.93 Billion |
+1.91% |
| 2009-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
+3.27% |
| 2008-12-31 | CA$3.85 Billion ≈ $2.79 Billion |
+22.21% |
| 2007-12-31 | CA$3.15 Billion ≈ $2.28 Billion |
+71.22% |
| 2006-12-31 | CA$1.84 Billion ≈ $1.33 Billion |
+17.18% |
| 2005-12-31 | CA$1.57 Billion ≈ $1.14 Billion |
+15.89% |
| 2004-12-31 | CA$1.36 Billion ≈ $980.61 Million |
+75.04% |
| 2003-12-31 | CA$774.43 Million ≈ $560.21 Million |
+24.03% |
| 2002-12-31 | CA$624.41 Million ≈ $451.69 Million |
+28.73% |
| 2001-12-31 | CA$485.06 Million ≈ $350.89 Million |
+9.34% |
| 2000-12-31 | CA$443.64 Million ≈ $320.92 Million |
+18.54% |
| 1999-12-31 | CA$374.25 Million ≈ $270.72 Million |
+7.82% |
| 1998-12-31 | CA$347.11 Million ≈ $251.09 Million |
+3.62% |
| 1997-12-31 | CA$334.97 Million ≈ $242.31 Million |
+6.79% |
| 1995-12-31 | CA$313.69 Million ≈ $226.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fortis Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 496900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$4.97 Billion | 20.87% |
| Common Stock | CA$16.11 Billion | 67.67% |
| Other Comprehensive Income | CA$1.10 Billion | 4.62% |
| Other Components | CA$1.63 Billion | 6.84% |
| Total Equity | CA$23.81 Billion | 100.00% |
Fortis Inc Competitors by Market Cap
The table below lists competitors of Fortis Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Devon Energy Corporation
NYSE:DVN
|
$28.65 Billion |
|
adidas AG
F:ADS
|
$28.67 Billion |
|
Kongsberg Gruppen ASA
OL:KOG
|
$28.69 Billion |
|
Natera Inc
NASDAQ:NTRA
|
$28.77 Billion |
|
adidas AG
F:ADS1
|
$28.57 Billion |
|
Tata Steel Limited
NSE:TATASTEEL
|
$28.51 Billion |
|
Talanx AG
XETRA:TLX
|
$28.46 Billion |
|
Insmed Inc
NASDAQ:INSM
|
$28.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortis Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,808,000,000 to 23,810,000,000, a change of 2,000,000 (0.0%).
- Net income of 1,799,000,000 contributed positively to equity growth.
- Dividend payments of 873,000,000 reduced retained earnings.
- Share repurchases of 60,000,000 reduced equity.
- New share issuances of 60,000,000 increased equity.
- Other comprehensive income decreased equity by 966,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.80 Billion | +7.56% |
| Dividends Paid | CA$873.00 Million | -3.67% |
| Share Repurchases | CA$60.00 Million | -0.25% |
| Share Issuances | CA$60.00 Million | +0.25% |
| Other Comprehensive Income | CA$-966.00 Million | -4.06% |
| Other Changes | CA$42.00 Million | +0.18% |
| Total Change | CA$- | 0.01% |
Book Value vs Market Value Analysis
This analysis compares Fortis Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.77x to 1.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CA$6.09 | CA$77.74 | x |
| 1997-12-31 | CA$6.47 | CA$77.74 | x |
| 1998-12-31 | CA$6.56 | CA$77.74 | x |
| 1999-12-31 | CA$6.61 | CA$77.74 | x |
| 2000-12-31 | CA$7.62 | CA$77.74 | x |
| 2001-12-31 | CA$7.54 | CA$77.74 | x |
| 2002-12-31 | CA$8.89 | CA$77.74 | x |
| 2003-12-31 | CA$10.27 | CA$77.74 | x |
| 2004-12-31 | CA$14.67 | CA$77.74 | x |
| 2005-12-31 | CA$13.86 | CA$77.74 | x |
| 2006-12-31 | CA$16.01 | CA$77.74 | x |
| 2007-12-31 | CA$18.62 | CA$77.74 | x |
| 2008-12-31 | CA$19.53 | CA$77.74 | x |
| 2009-12-31 | CA$19.16 | CA$77.74 | x |
| 2010-12-31 | CA$20.83 | CA$77.74 | x |
| 2011-12-31 | CA$23.52 | CA$77.74 | x |
| 2012-12-31 | CA$25.86 | CA$77.74 | x |
| 2013-12-31 | CA$28.67 | CA$77.74 | x |
| 2014-12-31 | CA$38.44 | CA$77.74 | x |
| 2015-12-31 | CA$34.70 | CA$77.74 | x |
| 2016-12-31 | CA$46.58 | CA$77.74 | x |
| 2017-12-31 | CA$36.05 | CA$77.74 | x |
| 2018-12-31 | CA$38.88 | CA$77.74 | x |
| 2019-12-31 | CA$42.36 | CA$77.74 | x |
| 2020-12-31 | CA$40.17 | CA$77.74 | x |
| 2021-12-31 | CA$40.92 | CA$77.74 | x |
| 2022-12-31 | CA$43.90 | CA$77.74 | x |
| 2023-12-31 | CA$44.20 | CA$77.74 | x |
| 2024-12-31 | CA$48.08 | CA$77.74 | x |
| 2025-12-31 | CA$47.27 | CA$77.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortis Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.78%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.14x
- Recent ROE (7.56%) is below the historical average (7.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.89% | 7.84% | 0.49x | 3.11x | CA$5.57 Million |
| 1997 | 9.19% | 6.08% | 0.49x | 3.12x | CA$-2.65 Million |
| 1998 | 8.09% | 5.78% | 0.46x | 3.06x | CA$-6.45 Million |
| 1999 | 8.46% | 5.78% | 0.41x | 3.61x | CA$-5.30 Million |
| 2000 | 8.92% | 6.29% | 0.40x | 3.59x | CA$-4.46 Million |
| 2001 | 11.90% | 8.51% | 0.39x | 3.62x | CA$8.55 Million |
| 2002 | 10.82% | 8.84% | 0.36x | 3.40x | CA$4.81 Million |
| 2003 | 9.98% | 8.73% | 0.38x | 3.00x | CA$-135.70K |
| 2004 | 6.88% | 7.93% | 0.29x | 2.98x | CA$-41.11 Million |
| 2005 | 8.94% | 9.51% | 0.32x | 2.96x | CA$-16.19 Million |
| 2006 | 8.66% | 10.11% | 0.27x | 3.17x | CA$-22.99 Million |
| 2007 | 7.31% | 7.32% | 0.26x | 3.77x | CA$-73.30 Million |
| 2008 | 7.63% | 6.64% | 0.35x | 3.29x | CA$-80.30 Million |
| 2009 | 7.91% | 7.70% | 0.30x | 3.43x | CA$-74.00 Million |
| 2010 | 8.03% | 8.54% | 0.28x | 3.31x | CA$-76.70 Million |
| 2011 | 7.76% | 9.26% | 0.26x | 3.18x | CA$-99.90 Million |
| 2012 | 7.10% | 9.91% | 0.24x | 2.93x | CA$-148.00 Million |
| 2013 | 6.83% | 10.13% | 0.23x | 2.98x | CA$-190.10 Million |
| 2014 | 4.36% | 7.02% | 0.20x | 3.06x | CA$-490.10 Million |
| 2015 | 8.15% | 11.97% | 0.23x | 2.99x | CA$-183.00 Million |
| 2016 | 4.52% | 9.65% | 0.14x | 3.37x | CA$-799.70 Million |
| 2017 | 6.85% | 12.38% | 0.17x | 3.28x | CA$-472.30 Million |
| 2018 | 7.05% | 13.90% | 0.15x | 3.29x | CA$-487.30 Million |
| 2019 | 9.29% | 19.61% | 0.16x | 2.96x | CA$-131.10 Million |
| 2020 | 6.81% | 14.26% | 0.16x | 3.04x | CA$-595.70 Million |
| 2021 | 6.71% | 13.70% | 0.16x | 3.06x | CA$-634.80 Million |
| 2022 | 6.63% | 12.62% | 0.17x | 3.13x | CA$-709.00 Million |
| 2023 | 7.31% | 13.66% | 0.17x | 3.13x | CA$-577.50 Million |
| 2024 | 7.06% | 14.60% | 0.15x | 3.15x | CA$-700.80 Million |
| 2025 | 7.56% | 14.78% | 0.16x | 3.14x | CA$-582.00 Million |
Industry Comparison
This section compares Fortis Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $8,773,945,000
- Average return on equity (ROE) among peers: 10.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortis Inc (FTS) | CA$25.87 Billion | 11.89% | 1.89x | $28.63 Billion |
| Caribbean Utilities Company Ltd (CUP-U) | $179.84 Million | 11.57% | 1.59x | $582.50 Million |
| Emera Inc. (EMA) | $13.40 Billion | 8.13% | 2.35x | $15.74 Billion |
| Hydro One Ltd (H) | $12.75 Billion | 10.51% | 2.11x | $25.34 Billion |
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