Asset Turnover (Quarterly)

Asset Turnover: The amount of sales or revenues generated per dollar of assets. The Asset Turnover ratio is an indicator of the efficiency with which a company is deploying its assets. Calculated as: Total Revenues / Total Assets

Fortis (FTS) had Asset Turnover of 0.04 for the most recently reported fiscal quarter, ending 2026-06-30.

Quarterly Annual

Figures for fiscal quarter ending 2026-06-30

Income Statement Financials
Revenue	$2.12B
Net Income	$286.03M
Cost of Goods Sold	$1.14B
Gross Profit	$972.22M
Operating Expenses	$1.54B
Operating Income	$580.73M
Non-Operating Income/Expense	$-193.58M
Pre-Tax Income	$387.15M
Normalized Pre-Tax Income	$387.15M
Income after Taxes	$332.26M
Income from Continuous Operations	$332.26M
Consolidated Net Income/Loss	$332.26M
Normalized Income after Taxes	$332.26M
EBIT	$580.73M
EBITDA	$968.70M
Weighted-Average Shares Outstanding (Basic)	510.00M
Weighted-Average Shares Outstanding (Diluted)	510.20M
Earnings per Share (EPS) (Basic)	$0.56
Earnings per Share (EPS) (Diluted)	$0.56
Balance Sheet Financials
Current Assets	$3.02B
Property, Plant, and Equipment	$38.91B
Long-Term Assets	$53.87B
Total Assets	$56.89B
Current Liabilities	$5.38B
Long-Term Debt	$23.76B
Long-Term Liabilities	$31.67B
Total Liabilities	$37.05B
Common Equity	$18.66B
Tangible Shareholders Equity	$9.22B
Shareholders Equity	$19.84B
Common Shares Outstanding	510.90M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$1.61B
Cash Flow from Investing Activities	$-1.96B
Cash Flow from Financial Activities	$343.09M
Beginning Cash	$265.08M
End Cash	$277.36M
Increase/Decrease in Cash	$12.28M
Stock-Based Compensation	--
Common Stock Dividends Paid	$-338.04M
Preferred Stock Dividends Paid	$-31.06M
Fundamental Metrics & Ratios
Current Ratio	0.56
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.55
Debt to Equity Ratio	1.32
Gross Margin	45.92%
Operating Margin	27.43%
EBIT Margin	27.43%
EBITDA Margin	--
Pre-Tax Profit Margin	18.29%
Profit Margin	13.51%
Free Cash Flow	$-629.85M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.04
Inventory Turnover	2.33
Receiveable Turnover	1.56
Days Sales in Receivables	57.82
Return on Equity	1.78%
Return on Tangible Equity	3.60%
Return on Assets	0.58%
Return on Investments	0.76%
Book Value Per Share	$38.83
Free Cash Flow per Share	$-1.23
Operating Cash Flow per Share	$3.16

Data from Zacks Investment Research, Inc.