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AI Analysis Fundamentals Valuation Video Analysis

AI Analysis

How does FORTUM.HE make money? Does FORTUM.HE have pricing power? What's the Earnings Whisper? Will FORTUM.HE profit more as the business scales? What is FORTUM.HE's management track record? Is FORTUM.HE's current price justified?

Fortum Oyj

€23.63 +$5.13 (+27.73%)

HEL · 16 Sep 2026 10:01 UTC

Previous Close

€23.73

Day Range

€23.39€23.78

Year Range

€15.02€25.84

Market Cap

21.2B

AVG Volume

1.08M

Trailing/Forward PE

25.74/22.27

PEG ratio

7.54

Dividend Yield

3.13%

Next Earnings Date

2026-10-28

Primary Exchange

NASDAQ Helsinki

Revenue (EUR)

FORTUM.HE Revenue (EUR) by quarter
Period	Revenue (EUR)
26 Q2	1.12B
26 Q1	1.99B
25 Q4	1.44B
25 Q3	929M
25 Q2	974M
25 Q1	1.64B
24 Q4	1.44B
24 Q3	1.09B
24 Q2	1.25B
24 Q1	2.02B

Net Income (EUR)

FORTUM.HE Net Income (EUR) by quarter
Period	Net Income (EUR)
26 Q2	109M
26 Q1	421M
25 Q4	245M
25 Q3	52M
25 Q2	104M
25 Q1	363M
24 Q4	344M
24 Q3	132M
24 Q2	217M
24 Q1	471M

Operating Income (EUR)

FORTUM.HE Operating Income (EUR) by quarter
Period	Operating Income (EUR)
26 Q2	107M
26 Q1	520M
25 Q4	263M
25 Q3	99M
25 Q2	104M
25 Q1	470M
24 Q4	390M
24 Q3	123M
24 Q2	251M
24 Q1	530M

EBITDA (EUR)

FORTUM.HE EBITDA (EUR) by quarter
Period	EBITDA (EUR)
26 Q2	246M
26 Q1	645M
25 Q4	394M
25 Q3	160M
25 Q2	249M
25 Q1	537M
24 Q4	551M
24 Q3	317M
24 Q2	406M
24 Q1	715M

Cash Flows (EUR)

FORTUM.HE Cash Flows (EUR) by quarter
Period	Cash Flows (EUR)
26 Q2	221M
26 Q1	256M
25 Q4	-105M
25 Q3	19M
25 Q2	99M
25 Q1	353M
24 Q4	25M
24 Q3	216M
24 Q2	205M
24 Q1	453M

EPS (EUR)

FORTUM.HE EPS (EUR) by quarter
Period	EPS (EUR)
26 Q2	0.12
26 Q1	0.47
25 Q4	0.27
25 Q3	0.06
25 Q2	0.12
25 Q1	0.4
24 Q4	0.38
24 Q3	0.15
24 Q2	0.24
24 Q1	0.52

Expenses (EUR)

FORTUM.HE Expenses (EUR) by quarter
Period	Expenses (EUR)
26 Q2	103M
26 Q1	198M
25 Q4	301M
25 Q3	221M
25 Q2	206M
25 Q1	200M
24 Q4	283M
24 Q3	256M
24 Q2	265M
24 Q1	200M

Cash & Debt (EUR)

FORTUM.HE Cash & Debt (EUR) by quarter
Period	Cash & Debt (EUR)
26 Q2	2.1B
26 Q1	2.48B
25 Q4	2.9B
25 Q3	3.09B
25 Q2	3.15B
25 Q1	4.32B
24 Q4	4.13B
24 Q3	4.25B
24 Q2	4.06B
24 Q1	4.88B

Debt ratios

FORTUM.HE Debt ratios by quarter
Period	Debt ratios
26 Q2	1.22
26 Q1	1.01
25 Q4	1.44
25 Q3	1.14
25 Q2	0.96
25 Q1	0.23
24 Q4	0.35
24 Q3	0.56
24 Q2	0.65
24 Q1	0.49

Margins

FORTUM.HE Margins by quarter
Period	Margins
26 Q2	35.59%
26 Q1	40.26%
25 Q4	2.49%
25 Q3	21.96%
25 Q2	40.55%
25 Q1	44.52%
24 Q4	42.79%
24 Q3	44.15%
24 Q2	28.61%
24 Q1	31.51%

Return on Capital

FORTUM.HE Return on Capital by quarter
Period	Return on Capital
26 Q2	1.32%
26 Q1	5.09%
25 Q4	2.84%
25 Q3	0.64%
25 Q2	1.25%
25 Q1	3.75%
24 Q4	3.76%
24 Q3	1.54%
24 Q2	2.54%
24 Q1	5.61%

Shares Outstanding

FORTUM.HE Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	897.26M
26 Q1	897.26M
25 Q4	897.26M
25 Q3	897.26M
25 Q2	866.67M
25 Q1	897.26M
24 Q4	897.26M
24 Q3	897.26M
24 Q2	897.26M
24 Q1	897.26M

Dividends (EUR)

FORTUM.HE Dividends (EUR) by quarter
Period	Dividends (EUR)
Apr 26	0.74
Apr 25	1.4
Oct 24	0.57
Mar 24	0.58
Sep 23	0.45
Apr 23	0.46
Mar 22	1.14
Apr 21	1.12
Apr 20	1.19
Mar 19	1.1

Book Value Per Share (EUR)

FORTUM.HE Book Value Per Share (EUR) by quarter
Period	Book Value Per Share (EUR)
26 Q2	9.17
26 Q1	9.22
25 Q4	9.61
25 Q3	9.1
25 Q2	9.63
25 Q1	10.79
24 Q4	10.2
24 Q3	9.57
24 Q2	9.53
24 Q1	9.35

Total Assets (EUR)

FORTUM.HE Total Assets (EUR) by quarter
Period	Total Assets (EUR)
26 Q2	15.09B
26 Q1	15.99B
25 Q4	16.44B
25 Q3	15.87B
25 Q2	16.06B
25 Q1	17.74B
24 Q4	17.31B
24 Q3	17.73B
24 Q2	17.8B
24 Q1	18.96B

PE Ratio

FORTUM.HE PE Ratio by quarter
Period	PE Ratio
Sep 26	25.9
Sep 26	26.19
Sep 26	22.9
Aug 26	22.7
Aug 26	21.8
Aug 26	21.71
Aug 26	21.15
Jul 26	21.54
Jul 26	22.38
Jul 26	21.71
Jul 26	21.34
Jul 26	22.5
Jun 26	22.98
Jun 26	22.81
Jun 26	23.9
Jun 26	24.82
May 26	23.55
May 26	24.36
May 26	23.72
May 26	24.06
Apr 26	25.18
Apr 26	25.56
Apr 26	24.83
Apr 26	26.28
Apr 26	26.58
Mar 26	21.71
Mar 26	22.61
Mar 26	21.84
Mar 26	20.52
Feb 26	20.6
Feb 26	20.48
Feb 26	19.7
Feb 26	20.2
Jan 26	20.71
Jan 26	20.79
Jan 26	20.44
Jan 26	19.64
Jan 26	19.23
Dec 25	16.61
Dec 25	16.6
Dec 25	16.52
Dec 25	16.08
Nov 25	16.27
Nov 25	16.73
Nov 25	17.51
Nov 25	18.02
Oct 25	17.77
Oct 25	16.36
Oct 25	16.22
Oct 25	15.18
Oct 25	15
Sep 25	13.22
Sep 25	12.86
Sep 25	12.98
Sep 25	12.52
Aug 25	12.57
Aug 25	13.01
Aug 25	12.9
Aug 25	13.49
Aug 25	13.59
Jul 25	14.27
Jul 25	13.36
Jul 25	13.2
Jul 25	13.3
Jun 25	12.23
Jun 25	12.3
Jun 25	12.34
Jun 25	12.02
May 25	11.72
May 25	11.62
May 25	11.62
May 25	11.34
May 25	11.21
Apr 25	10.35
Apr 25	10.44
Apr 25	9.91
Apr 25	10.48
Mar 25	11.08
Mar 25	11.11
Mar 25	11.31
Mar 25	11.12
Feb 25	11.02
Feb 25	10.88
Feb 25	10.4
Feb 25	10.33
Jan 25	10.21
Jan 25	10.09
Jan 25	9.96
Jan 25	9.74
Jan 25	10.3
Dec 24	9.47
Dec 24	9.16
Dec 24	9.41
Dec 24	9.84
Nov 24	9.96
Nov 24	9.93
Nov 24	9.85
Nov 24	9.54
Nov 24	9.52
Oct 24	9.92

Free Cash Flow Yield

FORTUM.HE Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	1.26%
Sep 26	1.25%
Sep 26	1.43%
Aug 26	1.44%
Aug 26	1.5%
Aug 26	1.51%
Aug 26	1.55%
Jul 26	1.52%
Jul 26	1.46%
Jul 26	1.51%
Jul 26	1.53%
Jul 26	1.45%
Jun 26	2.08%
Jun 26	2.1%
Jun 26	2%
Jun 26	1.93%
May 26	2.03%
May 26	1.97%
May 26	2.02%
May 26	1.99%
Apr 26	1.9%
Apr 26	1.87%
Apr 26	1.93%
Apr 26	1.82%
Apr 26	1.8%
Mar 26	2.65%
Mar 26	2.54%
Mar 26	2.63%
Mar 26	2.8%
Feb 26	2.79%
Feb 26	2.81%
Feb 26	2.92%
Feb 26	2.85%
Jan 26	2.78%
Jan 26	2.76%
Jan 26	2.81%
Jan 26	2.93%
Jan 26	2.99%
Dec 25	4.43%
Dec 25	4.43%
Dec 25	4.45%
Dec 25	4.57%
Nov 25	4.52%
Nov 25	4.39%
Nov 25	4.2%
Nov 25	4.08%
Oct 25	4.13%
Oct 25	4.49%
Oct 25	4.53%
Oct 25	4.84%
Oct 25	4.9%
Sep 25	5.72%
Sep 25	5.89%
Sep 25	5.83%
Sep 25	6.04%
Aug 25	6.02%
Aug 25	5.82%
Aug 25	5.87%
Aug 25	5.61%
Aug 25	5.57%
Jul 25	5.3%
Jul 25	5.66%
Jul 25	5.73%
Jul 25	5.69%
Jun 25	6.32%
Jun 25	6.28%
Jun 25	6.26%
Jun 25	6.43%
May 25	6.59%
May 25	6.64%
May 25	6.64%
May 25	6.81%
May 25	6.89%
Apr 25	7.46%
Apr 25	7.4%
Apr 25	7.79%
Apr 25	7.37%
Mar 25	6.55%
Mar 25	6.53%
Mar 25	6.42%
Mar 25	6.53%
Feb 25	6.59%
Feb 25	6.67%
Feb 25	6.98%
Feb 25	7.03%
Jan 25	7.11%
Jan 25	7.2%
Jan 25	7.29%
Jan 25	7.46%
Jan 25	7.05%
Dec 24	7.88%
Dec 24	8.15%
Dec 24	7.94%
Dec 24	7.59%
Nov 24	7.5%
Nov 24	7.52%
Nov 24	7.58%
Nov 24	7.82%
Nov 24	7.84%
Oct 24	7.52%

Price to Sales

FORTUM.HE Price to Sales by quarter
Period	Price to Sales
Sep 26	3.99
Sep 26	4.03
Sep 26	3.53
Aug 26	3.5
Aug 26	3.36
Aug 26	3.34
Aug 26	3.26
Jul 26	3.32
Jul 26	3.45
Jul 26	3.34
Jul 26	3.29
Jul 26	3.46
Jun 26	3.52
Jun 26	3.49
Jun 26	3.66
Jun 26	3.8
May 26	3.61
May 26	3.73
May 26	3.63
May 26	3.69
Apr 26	3.86
Apr 26	3.91
Apr 26	3.8
Apr 26	4.03
Apr 26	4.07
Mar 26	3.76
Mar 26	3.92
Mar 26	3.79
Mar 26	3.56
Feb 26	3.57
Feb 26	3.55
Feb 26	3.41
Feb 26	3.5
Jan 26	3.59
Jan 26	3.6
Jan 26	3.54
Jan 26	3.4
Jan 26	3.33
Dec 25	3.04
Dec 25	3.04
Dec 25	3.03
Dec 25	2.95
Nov 25	2.98
Nov 25	3.07
Nov 25	3.21
Nov 25	3.3
Oct 25	3.26
Oct 25	3
Oct 25	2.97
Oct 25	2.78
Oct 25	2.75
Sep 25	2.57
Sep 25	2.5
Sep 25	2.53
Sep 25	2.44
Aug 25	2.45
Aug 25	2.53
Aug 25	2.51
Aug 25	2.63
Aug 25	2.65
Jul 25	2.78
Jul 25	2.6
Jul 25	2.57
Jul 25	2.59
Jun 25	2.45
Jun 25	2.47
Jun 25	2.48
Jun 25	2.41
May 25	2.35
May 25	2.33
May 25	2.33
May 25	2.28
May 25	2.25
Apr 25	2.08
Apr 25	2.1
Apr 25	1.99
Apr 25	2.1
Mar 25	2.19
Mar 25	2.2
Mar 25	2.24
Mar 25	2.2
Feb 25	2.18
Feb 25	2.15
Feb 25	2.06
Feb 25	2.04
Jan 25	2.02
Jan 25	1.99
Jan 25	1.97
Jan 25	1.93
Jan 25	2.04
Dec 24	1.92
Dec 24	1.86
Dec 24	1.91
Dec 24	1.99
Nov 24	2.02
Nov 24	2.01
Nov 24	2
Nov 24	1.93
Nov 24	1.93
Oct 24	2.01

EV/EBITDA

FORTUM.HE EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	15.72
Sep 26	15.88
Sep 26	14.01
Aug 26	13.9
Aug 26	13.39
Aug 26	13.34
Aug 26	13.02
Jul 26	13.24
Jul 26	13.72
Jul 26	13.34
Jul 26	13.13
Jul 26	13.78
Jun 26	14.54
Jun 26	14.44
Jun 26	15.07
Jun 26	15.59
May 26	14.87
May 26	15.33
May 26	14.97
May 26	15.16
Apr 26	15.8
Apr 26	16.01
Apr 26	15.6
Apr 26	16.43
Apr 26	16.59
Mar 26	13.65
Mar 26	14.18
Mar 26	13.73
Mar 26	12.97
Feb 26	13.01
Feb 26	12.95
Feb 26	12.5
Feb 26	12.78
Jan 26	13.08
Jan 26	13.13
Jan 26	12.92
Jan 26	12.46
Jan 26	12.23
Dec 25	10.43
Dec 25	10.42
Dec 25	10.37
Dec 25	10.13
Nov 25	10.23
Nov 25	10.49
Nov 25	10.94
Nov 25	11.23
Oct 25	11.09
Oct 25	10.28
Oct 25	10.21
Oct 25	9.61
Oct 25	9.51
Sep 25	7.94
Sep 25	7.72
Sep 25	7.8
Sep 25	7.53
Aug 25	7.55
Aug 25	7.81
Aug 25	7.75
Aug 25	8.09
Aug 25	8.15
Jul 25	8.55
Jul 25	8.02
Jul 25	7.92
Jul 25	7.98
Jun 25	7.5
Jun 25	7.55
Jun 25	7.57
Jun 25	7.38
May 25	7.21
May 25	7.15
May 25	7.15
May 25	6.98
May 25	6.91
Apr 25	6.41
Apr 25	6.46
Apr 25	6.15
Apr 25	6.48
Mar 25	7.51
Mar 25	7.53
Mar 25	7.66
Mar 25	7.54
Feb 25	7.47
Feb 25	7.39
Feb 25	7.09
Feb 25	7.04
Jan 25	6.97
Jan 25	6.89
Jan 25	6.81
Jan 25	6.67
Jan 25	7.02
Dec 24	6.65
Dec 24	6.46
Dec 24	6.61
Dec 24	6.89
Nov 24	6.96
Nov 24	6.94
Nov 24	6.89
Nov 24	6.7
Nov 24	6.69
Oct 24	6.94

Price/Operating Cashflow

FORTUM.HE Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	28.7
Sep 26	29.01
Sep 26	25.37
Aug 26	25.15
Aug 26	24.15
Aug 26	24.05
Aug 26	23.44
Jul 26	23.86
Jul 26	24.79
Jul 26	24.05
Jul 26	23.64
Jul 26	24.92
Jun 26	20.9
Jun 26	20.74
Jun 26	21.74
Jun 26	22.57
May 26	21.42
May 26	22.15
May 26	21.58
May 26	21.89
Apr 26	22.9
Apr 26	23.24
Apr 26	22.58
Apr 26	23.91
Apr 26	24.17
Mar 26	19.64
Mar 26	20.46
Mar 26	19.76
Mar 26	18.57
Feb 26	18.63
Feb 26	18.53
Feb 26	17.82
Feb 26	18.27
Jan 26	18.74
Jan 26	18.81
Jan 26	18.49
Jan 26	17.77
Jan 26	17.4
Dec 25	13.36
Dec 25	13.35
Dec 25	13.29
Dec 25	12.94
Nov 25	13.09
Nov 25	13.46
Nov 25	14.09
Nov 25	14.5
Oct 25	14.3
Oct 25	13.16
Oct 25	13.05
Oct 25	12.22
Oct 25	12.07
Sep 25	10.68
Sep 25	10.39
Sep 25	10.49
Sep 25	10.12
Aug 25	10.15
Aug 25	10.51
Aug 25	10.42
Aug 25	10.9
Aug 25	10.98
Jul 25	11.53
Jul 25	10.79
Jul 25	10.66
Jul 25	10.74
Jun 25	10.22
Jun 25	10.29
Jun 25	10.32
Jun 25	10.05
May 25	9.8
May 25	9.72
May 25	9.72
May 25	9.48
May 25	9.37
Apr 25	8.66
Apr 25	8.73
Apr 25	8.29
Apr 25	8.76
Mar 25	9.92
Mar 25	9.95
Mar 25	10.13
Mar 25	9.96
Feb 25	9.86
Feb 25	9.74
Feb 25	9.31
Feb 25	9.25
Jan 25	9.14
Jan 25	9.03
Jan 25	8.91
Jan 25	8.72
Jan 25	9.22
Dec 24	8.37
Dec 24	8.1
Dec 24	8.32
Dec 24	8.7
Nov 24	8.81
Nov 24	8.78
Nov 24	8.71
Nov 24	8.44
Nov 24	8.42
Oct 24	8.78

Price to Book

FORTUM.HE Price to Book by quarter
Period	Price to Book
Sep 26	2.57
Sep 26	2.6
Sep 26	2.28
Aug 26	2.26
Aug 26	2.17
Aug 26	2.16
Aug 26	2.1
Jul 26	2.14
Jul 26	2.22
Jul 26	2.16
Jul 26	2.12
Jul 26	2.24
Jun 26	2.04
Jun 26	2.02
Jun 26	2.12
Jun 26	2.2
May 26	2.09
May 26	2.16
May 26	2.1
May 26	2.13
Apr 26	2.23
Apr 26	2.27
Apr 26	2.2
Apr 26	2.33
Apr 26	2.36
Mar 26	2.29
Mar 26	2.39
Mar 26	2.31
Mar 26	2.17
Feb 26	2.18
Feb 26	2.16
Feb 26	2.08
Feb 26	2.13
Jan 26	2.19
Jan 26	2.2
Jan 26	2.16
Jan 26	2.08
Jan 26	2.03
Dec 25	1.88
Dec 25	1.88
Dec 25	1.87
Dec 25	1.82
Nov 25	1.84
Nov 25	1.89
Nov 25	1.98
Nov 25	2.04
Oct 25	2.01
Oct 25	1.85
Oct 25	1.83
Oct 25	1.72
Oct 25	1.69
Sep 25	1.44
Sep 25	1.4
Sep 25	1.42
Sep 25	1.37
Aug 25	1.37
Aug 25	1.42
Aug 25	1.41
Aug 25	1.47
Aug 25	1.48
Jul 25	1.56
Jul 25	1.46
Jul 25	1.44
Jul 25	1.45
Jun 25	1.55
Jun 25	1.56
Jun 25	1.57
Jun 25	1.53
May 25	1.49
May 25	1.48
May 25	1.48
May 25	1.44
May 25	1.43
Apr 25	1.32
Apr 25	1.33
Apr 25	1.26
Apr 25	1.33
Mar 25	1.59
Mar 25	1.59
Mar 25	1.62
Mar 25	1.59
Feb 25	1.58
Feb 25	1.56
Feb 25	1.49
Feb 25	1.48
Jan 25	1.46
Jan 25	1.45
Jan 25	1.43
Jan 25	1.4
Jan 25	1.48
Dec 24	1.42
Dec 24	1.38
Dec 24	1.41
Dec 24	1.48
Nov 24	1.5
Nov 24	1.49
Nov 24	1.48
Nov 24	1.43
Nov 24	1.43
Oct 24	1.49

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Fortum Oyj

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