# ITC HOLDINGS CORP. · Edgar & Edgarette company card

> Itc Holdings grew revenue 9.9% in FY2025 to $1.8 billion, operating margin 55.3% against a 20.3% median for electric services, equity 22.6% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1317630 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/1317630) · [JSON](https://www.pops4.com/boards/company/1317630.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.8B |
| Revenue growth, 1 year | 9.9% |
| Revenue growth per year | 7.1% |
| Operating margin | 55.3% (prior year 56.2%) |
| Net margin | 29.1% |
| Operating cash flow | $896M |
| Capital spending | $1.3B |
| Free cash flow | −$419M |
| Cash | $13M |
| Long-term debt | $8.5B |
| Total assets | $14.8B |
| Total equity | $3.4B |
| Equity ÷ assets | 22.6% |
| Return on equity | 15.5% |
| Dividend per share | $0.7 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $1.8B (FY2025), total debt $8.5B. Experience: revenue up 9.9% on the year, up 7.1% a year over 4 years; operating margin 55.3%, down from 56.2%. Soundness: equity 22.6% of assets, return on equity 15.5%, payout 28.7% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.7B and $2.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.6B to $2.2B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, electric services): operating margin 55.3% against a 20.3% median; growth 9.9% against 9.4%.

Range logged 2026-10-30, receipt 3ae1e0d8a8aba330, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-02-05 ([filing](https://www.sec.gov/Archives/edgar/data/1317630/000110465926010940/0001104659-26-010940-index.htm))

## Recent filings

- 10-Q · filed 2026-11-03 · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000131763026000022/0001317630-26-000022-index.htm)
- 10-Q · filed 2026-07-31 · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000131763026000019/0001317630-26-000019-index.htm)
- 10-Q · filed 2026-05-06 · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000131763026000009/0001317630-26-000009-index.htm)
- 8-K · filed 2026-04-01 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000110465926038503/0001104659-26-038503-index.htm)
- 8-K · filed 2026-03-23 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000110465926033388/0001104659-26-033388-index.htm)
- 8-K · filed 2026-03-12 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1317630/000110465926027035/0001104659-26-027035-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001317630.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1317630

## Cite

POPS4, Edgar & Edgarette: ITC HOLDINGS CORP. company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/1317630. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.