Fortis Inc
TSX:FTS
Gross Margin
Fortis Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Fortis Inc
TSX:FTS
|
32.1B CAD |
72%
|
|
| US |
|
Nextera Energy Inc
NYSE:NEE
|
145.9B USD |
0%
|
|
| ES |
|
Iberdrola SA
MAD:IBE
|
102.5B EUR |
47%
|
|
| US |
|
Constellation Energy Corp
NASDAQ:CEG
|
99.9B USD |
49%
|
|
| US |
|
Southern Co
NYSE:SO
|
99B USD |
89%
|
|
| IT |
|
Enel SpA
MIL:ENEL
|
81.8B EUR |
61%
|
|
| US |
|
Duke Energy Corp
NYSE:DUK
|
89.9B USD |
69%
|
|
| FR |
|
Electricite de France SA
PAR:EDF
|
46.6B EUR |
36%
|
|
| US |
|
American Electric Power Company Inc
NASDAQ:AEP
|
54.3B USD |
69%
|
|
| US |
|
Exelon Corp
NASDAQ:EXC
|
42.7B USD |
63%
|
|
| DK |
O
|
Oersted A/S
SWB:D2G
|
33.4B EUR |
37%
|
Fortis Inc
Glance View
Fortis Inc. has quietly become a formidable entity in the North American utility landscape, intertwining its legacy with the very infrastructure that powers homes and businesses across the continent. Headquartered in St. John's, Newfoundland and Labrador, this energy titan traces its origins to 1885 with the foundation of the St. John's Electric Company. Through a series of strategic acquisitions and developments, Fortis expanded its reach, becoming a linchpin in the electric and gas utility sectors. Today, it holds a vast portfolio of utility operations, stretching from British Columbia through the Caribbean, with significant footprints in the United States through subsidiaries like ITC Holdings Corp. and UNS Energy. This wide geographical presence not only provides Fortis with revenue stability and diverse income channels but also places it in a prime position to reinvest in renewable energy and smart grid technologies. The company's financial engine runs on the dependable streams of regulated utility earnings, a model that offers protection against economic fluctuations. By owning and operating electric and gas utilities serving millions of customers, Fortis ensures a steady cash flow through rate-regulated returns. Investments in infrastructure, such as upgraded transmission lines and electric grids, are balanced with customer demand and regulatory frameworks. Fortis's strategic approach focuses on delivering reliable energy services while pursuing growth opportunities that allow the company to sustainably increase shareholder value. As the world pivots toward cleaner energy solutions, Fortis continues to seek enhancements that not only optimize operational efficiencies but also reinforce its commitment to innovation and sustainability in the utility sector.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Fortis Inc's most recent financial statements, the company has Gross Margin of 72%.
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