ITC Holdings Corp.
Utilities · Electric Services · MI · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.61B | $1.56B | $1.48B | $1.36B | $1.29B |
| Operating income | $987.0M | $914.0M | $874.0M | $821.0M | $749.0M | $753.0M |
| Net income | $519.0M | $484.0M | $463.0M | $442.0M | $406.0M | $407.0M |
| Total assets | $14.83B | $13.72B | $13.12B | $12.13B | $11.45B | $10.82B |
| Total liabilities | $11.48B | $10.73B | $10.27B | $9.46B | $8.97B | $8.53B |
| Equity | $3.36B | $2.99B | $2.85B | $2.67B | $2.47B | $2.29B |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 224.2M | 224.2M | 224.2M | 224.2M | 224.2M | 224.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 55.6%
- Net margin
- 29.2%
- Return on equity
- 15.5%
- Return on assets
- 3.5%
- Return on capital (ROCE)
- 7.2%
- Liabilities / assets
- 77.4%
- Debt / equity
- 3.42×
- Book value / share
- $14.97
- Revenue growth (YoY)
- 10.0%
- Net income growth (YoY)
- 7.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.94distress
- Accruals / assets
- −2.5%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationApr 1, 2026
- Other material eventMar 23, 2026
- Entered a material agreement · New financial obligationMar 12, 2026
- Director / officer change · Shareholder voteFeb 5, 2026
- Entered a material agreement · New financial obligationJan 14, 2026
- Director / officer change · Amended charter or bylawsNov 19, 2025
- Director / officer change · Shareholder voteFeb 7, 2025
- Entered a material agreement · New financial obligationDec 10, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 6, 2026
- 8-KFORM 8-KApr 1, 2026
- 8-KFORM 8-KMar 23, 2026
- 8-KFORM 8-KMar 12, 2026
- 10-KFeb 12, 2026
- 8-KFORM 8-KFeb 5, 2026
- 8-K/AFORM 8-K/AFeb 5, 2026
- 8-KFORM 8-KJan 14, 2026
- 8-KFORM 8-KNov 19, 2025
- 10-QNov 4, 2025
- 10-QAug 1, 2025
- 11-KJun 17, 2025
- 10-QMay 7, 2025
- 10-KFeb 14, 2025
- 8-K/AFORM 8-K/AFeb 7, 2025
Event-driven situations (1)
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