Switch theme
Sign up to access all valuation multiples
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
1987
9.8K+
LTM Revenue $8.3B
LTM EBITDA $3.9B
$47.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Fortis has a last 12-month revenue of $8.3B and a last 12-month EBITDA of $3.9B.
In the most recent fiscal year, Fortis achieved revenue of $8.0B and an EBITDA of $3.9B.
Fortis expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Fortis valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $8.1B | $8.0B | XXX | XXX | XXX |
| Gross Profit | $5.0B | $5.4B | XXX | XXX | XXX |
| Gross Margin | 62% | 67% | XXX | XXX | XXX |
| EBITDA | $3.6B | $3.9B | XXX | XXX | XXX |
| EBITDA Margin | 45% | 48% | XXX | XXX | XXX |
| Net Profit | $975M | $1.1B | XXX | XXX | XXX |
| Net Margin | 12% | 14% | XXX | XXX | XXX |
| Net Debt | $19.9B | $20.3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Fortis's stock price is CAD 66 (or $46).
Fortis has current market cap of CAD 33.0B (or $23.1B), and EV of CAD 68.1B (or $47.6B).
See Fortis trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $47.6B | $23.1B | XXX | XXX | XXX | XXX | $2.32 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, Fortis has market cap of $23.1B and EV of $47.6B.
Fortis's trades at 5.7x LTM EV/Revenue multiple, and 12.3x LTM EBITDA.
Analysts estimate Fortis's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Fortis and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $47.6B | XXX | XXX | XXX |
| EV/Revenue | 5.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.4x | XXX | XXX | XXX |
| P/E | 19.6x | XXX | XXX | XXX |
| P/E/Growth | 5.2x | XXX | XXX | XXX |
| EV/FCF | -51.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFortis's NTM/LTM revenue growth is 6%
Fortis's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Fortis's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Fortis's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Fortis and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 48% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 54% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 43% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fortis acquired XXX companies to date.
Last acquisition by Fortis was XXXXXXXX, XXXXX XXXXX XXXXXX . Fortis acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was Fortis founded? | Fortis was founded in 1987. |
| Where is Fortis headquartered? | Fortis is headquartered in Canada. |
| How many employees does Fortis have? | As of today, Fortis has 9.8K+ employees. |
| Who is the CEO of Fortis? | Fortis's CEO is Mr. David G. Hutchens. |
| Is Fortis publicy listed? | Yes, Fortis is a public company listed on TSE. |
| What is the stock symbol of Fortis? | Fortis trades under FTS ticker. |
| When did Fortis go public? | Fortis went public in 1969. |
| Who are competitors of Fortis? | Similar companies to Fortis include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Fortis? | Fortis's current market cap is $23.1B |
| What is the current revenue of Fortis? | Fortis's last 12-month revenue is $8.3B. |
| What is the current EBITDA of Fortis? | Fortis's last 12-month EBITDA is $3.9B. |
| What is the current EV/Revenue multiple of Fortis? | Current revenue multiple of Fortis is 5.7x. |
| What is the current EV/EBITDA multiple of Fortis? | Current EBITDA multiple of Fortis is 12.3x. |
| What is the current revenue growth of Fortis? | Fortis revenue growth between 2023 and 2024 was 0%. |
| Is Fortis profitable? | Yes, Fortis is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
