Fortis annual gross margin
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fortis Gross Margin Growth & History (FTS)
Fortis's gross margin was 71.67% for fiscal 2025.
View full Fortis company overviewFortis annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 71.67% | +0.57 pp |
| 2024 | 2024-12-31 | 71.10% | +4.88 pp |
| 2023 | 2023-12-31 | 66.22% | +2.44 pp |
| 2022 | 2022-12-31 | 63.78% | −4.32 pp |
| 2021 | 2021-12-31 | 68.10% | −2.60 pp |
| 2020 | 2020-12-31 | 70.70% | +0.01 pp |
| 2019 | 2019-12-31 | 70.69% | +0.66 pp |
| 2018 | 2018-12-31 | 70.03% | −1.17 pp |
| 2017 | 2017-12-31 | 71.20% | — |
Fortis quarterly gross margin
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 75.47% | +0.83 pp |
| Q1 2026 | 2026-03-31 | 68.53% | — |
| Q4 2025 | 2025-12-31 | 72.13% | — |
| Q3 2025 | 2025-09-30 | 74.17% | — |
| Q2 2025 | 2025-06-30 | 74.64% | +1.34 pp |
| Q2 2024 | 2024-06-30 | 73.30% | +3.64 pp |
| Q2 2023 | 2023-06-30 | 69.66% | +1.71 pp |
| Q2 2022 | 2022-06-30 | 67.95% | −4.21 pp |
| Q2 2021 | 2021-06-30 | 72.16% | −3.09 pp |
| Q2 2020 | 2020-06-30 | 75.25% | +0.43 pp |
| Q2 2019 | 2019-06-30 | 74.82% | +0.93 pp |
| Q2 2018 | 2018-06-30 | 73.89% | — |
Fortis gross margin trends
Over the last five fiscal years, Fortis's gross margin increased from 70.70% to 71.67%, a change of +0.97 percentage points. The latest reported quarter, Q2 2026, shows 75.47%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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