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Fortis (TSX:FTS.PR.E.PFD) Moat Score : 7/10 (As of Jun. 26, 2025)


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What is Fortis Moat Score?

Fortis has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Fortis has Wide Moat: Fortis Inc benefits from significant regulatory barriers and exclusive licenses in the utility sector, providing stable cash flows. Its strong brand and customer loyalty, combined with economies of scale, contribute to its durable competitive advantages.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Fortis might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Competitive Comparison of Fortis's Moat Score

For the Utilities - Regulated Electric subindustry, Fortis's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Moat Score distribution charts can be found below:

* The bar in red indicates where Fortis's Moat Score falls into.


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Fortis  (TSX:FTS.PR.E.PFD) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Fortis Moat Score Related Terms

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Fortis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS.PR.E.PFD) » Definitions » Moat Score
Comparable Companies
TSX:H TSX:EMA TSX:CUP.U NEE SO DUK LSE:NG. AEP D EXC XEL PEG BOM:532555 ED PCG ETR WEC XMAD:ELE BOM:532898 XPRA:CEZ
Traded in Other Exchanges
FORFF.PFD:USA FTRSF.PFD:USA FTS:USA FTS:Mexico 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada
Address
5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4
Website
https://www.fortisinc.com
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 US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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