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Fortis (Fortis) Pre-Tax Income : $1,534 Mil (TTM As of Dec. 2023)


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What is Fortis Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Fortis's pretax income for the three months ended in Dec. 2023 was $413 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $1,534 Mil. Fortis's pretax margin was 19.20%.

During the past 13 years, Fortis's highest Pretax Margin was 24.38%. The lowest was 8.35%. And the median was 17.32%.


Fortis Pre-Tax Income Historical Data

The historical data trend for Fortis's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortis Pre-Tax Income Chart

Fortis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,625.79 1,264.74 1,280.47 1,327.20 1,542.93

Fortis Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 385.72 426.81 297.31 396.87 412.94

Competitive Comparison of Fortis's Pre-Tax Income

For the Utilities - Regulated Electric subindustry, Fortis's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortis's Pre-Tax Income Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Fortis's Pre-Tax Income falls into.



Fortis Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Fortis's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=2298.748+160.256+-972.719+56.649+-2.2737367544323E-13
=1,543

Fortis's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=580.65+66.339+-250.447+16.398+0
=413

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,534 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fortis  (NYSE:FTS) Pre-Tax Income Explanation

Fortis's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pretax Income/Revenue
=412.94/2150.417
=19.20%

During the past 13 years, Fortis's highest Pretax Margin was 24.38%. The lowest was 8.35%. And the median was 17.32%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fortis Pre-Tax Income Related Terms

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Fortis (Fortis) Business Description

Address
5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4
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 U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.