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Fortis Inc. CUM RD 5Y SR G

FTRSF
44
Regulated Electric · Utilities
Exchange
Other OTC
Winston Score
44
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Good
Stability
Mixed
Valuation
Strong
Dividends
Good

Winston Score History

The full picture

Fortis Inc. is a Canadian utility company that delivers electricity and natural gas to homes and businesses. It owns and operates power lines, pipelines, and distribution networks across Canada, the United States, and the Caribbean. Its customers are mostly everyday households and commercial businesses who depend on it for basic energy needs.

Fortis makes money by charging regulated rates for delivering energy — meaning government regulators set the prices it can charge, which creates steady, predictable revenue. The company serves roughly 3.4 million customers and operates in ten utility systems spread across North America. Its main competitive advantage is that regulated utilities face little direct competition, since they hold exclusive service territories granted by governments. The key growth driver is its multi-year capital investment plan to upgrade and expand its energy infrastructure, though rising interest rates pose a real risk since the company carries significant debt to fund those projects.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+1.3% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

0.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~2 months

$384M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Fortis Inc. CUM RD 5Y SR G has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
27.4%
Modest — 27.4% gross margin
Profit after running costs
Operating Margin
27.4%
Excellent — 27.4% operating margin
Return on the money invested
ROCE
5.7%
Weak — 5.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+3.9%
Slow sales growth (+3.9% YoY)
Profit growth
EPS YoY
-0.0%
Earnings shrinking (-0.0% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
236%
Turns 236% of profit into real cash
Spare cash per sale
FCF Margin
-16.0%
Burning cash (-16.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
1.42
Elevated debt (1.42)
Covers its interest
Interest Cover
2.33x
Tight — interest eats into profit (2.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
7.0x
no trend
Attractive valuation — P/E 7.0

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+1.0
GROWING
Earnings roughly flat

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Dividends

Dividend
Dividend Yield
6.31%
no trend
Healthy income — 6.31% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+1.3%
no trend
Dividend flat

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