• Fortis average pre-tax profit margin for 2023 was 17.18%, a 4% increase from 2022.
• Fortis average pre-tax profit margin for 2022 was 16.52%, a 7.45% increase from 2021.
• Fortis average pre-tax profit margin for 2021 was 17.85%, a 10.3% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.