Fortis
FTS
#962
Rank
$19.47 B
Marketcap
$39.51
Share price
0.36%
Change (1 day)
-5.46%
Change (1 year)

Operating Margin for Fortis (FTS)

Operating Margin as of March 2024 (TTM): 16.65%

According to Fortis's latest financial reports and stock price the company's current Operating Margin is 16.65%. At the end of 2022 the company had an Operating Margin of 16.33%.

Operating Margin history for Fortis from 2001 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202216.33%-5.88%
202117.35%-4.32%
202018.13%-25.62%
201924.38%40.95%
201817.29%-16.19%
201720.64%64.46%
201612.55%-20.6%
201515.80%89.24%
20148.35%-21.77%
201310.67%-9.71%
201211.82%1.6%
201111.64%9.32%
201010.64%13.53%
20099.38%12.94%
20088.30%-3.99%
20078.65%-29.82%
200612.32%-14.42%
200514.40%19.75%
200412.02%-9.4%
200313.27%-0.84%
200213.38%4.04%
200112.86%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
16.65% 0.00%๐Ÿ‡จ๐Ÿ‡ฆ Canada
8.12%-51.23%๐Ÿ‡บ๐Ÿ‡ธ USA
1.10%-93.39%๐Ÿ‡จ๐Ÿ‡ณ China

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.