Otter Tail Corporation (OTTR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.5	$1.66	+10.7%	—	—	—
Q3 26	$1.42	$1.73	+21.8%	—	—	—
Q2 26	$1.28	$1.23	-3.9%	—	—	—
Q1 26	$1.87	$1.86	-0.5%	—	—	—
Q4 25	$1.72	$1.85	+7.6%	—	—	—
Q3 25	$1.53	$1.62	+5.9%	—	—	—
Q2 25	$1.27	$1.3	+2.4%	—	—	—
Q1 25	$1.92	$2.03	+5.7%	—	—	—
Q4 24	$1.7	$2.07	+21.8%	—	—	—
Q3 24	$1.45	$1.77	+22.1%	—	—	—
Q2 24	$1.25	$1.37	+9.6%	—	—	—
Q1 24	$1.62	$2.19	+35.2%	—	—	—
Q4 23	$1.45	$1.95	+34.5%	—	—	—
Q3 23	$1.01	$1.49	+47.5%	—	—	—
Q2 23	$0.84	$1	+19.0%	—	—	—
Q1 23	$1.82	$2.01	+10.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.59	—	—	$1.3B	—
FY24	—	$7.22	—	—	$1.3B	—
FY23	—	$7.06	—	—	$1.3B	—
FY22	—	$6.83	—	—	$1.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$803.5M	$849.4M	$916.4M	$919.5M	$890.1M	$1.2B	$1.5B	$1.3B	$1.3B	$1.3B
YoY change	+3.04%	+5.7%	+7.9%	+0.33%	-3.2%	+34.5%	+22%	-7.6%	-1.38%	-1.99%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	803.5M	849.4M	916.4M	919.5M	890.1M	1.2B	1.5B	1.3B	1.3B	1.3B
Cost of revenue	560.5M	588M	645.3M	640M	588.1M	772.8M	889.7M	784M	747.5M	740.7M
Gross profit	243M	261.4M	271.2M	279.5M	302M	424.1M	570.5M	565.1M	583.1M	563.4M
Gross margin	30.2%	30.8%	29.6%	30.4%	33.9%	35.4%	39.1%	41.9%	43.8%	43.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.1M	5.6M	5.5M	4.3M	3.4M	65.4M	69.7M	72.7M	80.1M	82.6M
Operating expenses	43.8M	47.1M	57.1M	55.1M	58.5M	130.8M	139.4M	72.7M	80.1M	82.6M
Operating income	116.6M	132.3M	129.4M	134.9M	147.9M	249.7M	390.4M	377.9M	380.3M	345.7M
Operating margin	14.5%	15.6%	14.1%	14.7%	16.6%	20.9%	26.7%	28%	28.6%	26.5%
Non-operating income, net	-2.2M	-3M	-2M	819K	2.6M	884K	3.1M	23.2M	28.5M	23.8M
Pretax income	82.5M	99.7M	96.9M	104.3M	116.1M	212.8M	357.5M	363.5M	366.9M	322.3M
Income tax	20.2M	27.3M	14.6M	17.4M	20.2M	36.1M	73.4M	69.3M	65.2M	46.4M
Net income	62.3M	72.4M	82.3M	86.8M	95.9M	176.8M	284.2M	294.2M	301.7M	275.9M
Net margin	7.76%	8.53%	8.99%	9.44%	10.8%	14.8%	19.5%	21.8%	22.7%	21.2%
EBITDA	187.9M	201.8M	202M	213.8M	232.5M	341.9M	486.1M	499.1M	515.8M	487.6M
EPS	1.62	1.84	2.08	2.19	2.35	4.26	6.83	7.06	7.22	6.59
Diluted EPS	1.61	1.82	2.06	2.17	2.34	4.23	6.78	7	7.17	6.55

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	358.1M	314.3M	347.1M	342.3M	338M	303.1M	337.4M	333M	325.6M	308.1M	347M	334.4M
Cost of revenue	192.3M	194.2M	202.9M	183M	180.9M	180.6M	198.5M	184.6M	177.3M	180.4M	205.6M	197M
Gross profit	165.7M	120.1M	144.2M	159.3M	157.1M	122.5M	138.9M	148.5M	148.3M	127.7M	141.4M	137.4M
Gross margin	46.3%	38.2%	41.5%	46.5%	46.5%	40.4%	41.2%	44.6%	45.5%	41.5%	40.8%	41.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	15.9M	69.2M	18.9M	18.2M	18.8M	24.2M	21.3M	17.4M	17.8M	26.1M	21.8M	22.2M
Operating expenses	31.7M	69.2M	18.9M	18.2M	18.8M	24.2M	21.3M	17.4M	17.8M	26.1M	21.8M	22.2M
Operating income	121.1M	70.1M	95M	110.9M	107.5M	66.8M	84M	97.5M	96.6M	67.6M	85.2M	79.3M
Operating margin	33.8%	22.3%	27.4%	32.4%	31.8%	22%	24.9%	29.3%	29.7%	21.9%	24.6%	23.7%
Non-operating income, net	4.8M	8.3M	7M	6.9M	7.8M	6.8M	5.7M	5.6M	6.3M	6.1M	4.9M	-95.2M
Pretax income	116.7M	69M	92.1M	107.6M	104.2M	63M	78.2M	91.4M	91.1M	61.6M	77.5M	-28.8M
Income tax	24.7M	11.2M	17.8M	20.6M	18.7M	8.2M	10.1M	13.7M	12.8M	9.8M	4.9M	-21.2M
Net income	92M	57.8M	74.3M	87M	85.5M	54.9M	68.1M	77.7M	78.3M	51.8M	72.6M	-7.6M
Net margin	25.7%	18.4%	21.4%	25.4%	25.3%	18.1%	20.2%	23.3%	24%	16.8%	20.9%	-2.27%
EBITDA	150.4M	103.7M	127.9M	144.4M	142.4M	101.1M	119.1M	132.5M	132.5M	103.5M	120.1M	118.4M
EPS	2.21	1.39	1.78	2.08	2.04	1.31	1.63	1.86	1.87	1.24	1.73	-0.18
Diluted EPS	2.19	1.37	1.77	2.07	2.03	1.3	1.62	1.85	1.86	1.23	1.73	-0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.6B	1.8B	2B	2B	1.7B	3B	2.4B	3.5B	3.1B	3.4B	3.7B
Enterprise value	2.2B	2.3B	2.6B	2.7B	2.6B	3.8B	3.2B	4.2B	3.8B	4B	4.7B
Shares outstanding	38.5M	39.5M	39.6M	39.7M	40.7M	41.5M	41.6M	41.7M	41.8M	41.9M	41.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25.2	24.2	23.9	23.5	18.1	16.8	8.59	12	10.2	12.3	19.1
P/S	1.96	2.06	2.14	2.22	1.95	2.48	1.67	2.62	2.32	2.59	2.82
P/B	2.35	2.52	2.7	2.61	1.99	2.99	2.01	2.45	1.85	1.82	1.98
EV/EBITDA	11.5	11.6	12.7	12.7	11.1	11.2	6.49	8.45	7.37	8.3	10.5
EV/Sales	2.68	2.76	2.81	2.95	2.9	3.19	2.16	3.12	2.86	3.1	3.56
Earnings yield	3.96%	4.13%	4.19%	4.26%	5.53%	5.97%	11.6%	8.31%	9.78%	8.16%	5.23%
FCF yield	0.14%	2.32%	1.93%	-1.1%	-9.2%	2.01%	8.94%	3.31%	3.05%	2.89%	-4.45%
PEG	—	—	—	—	—	—	—	—	—	—	-0.17

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.2%	30.8%	29.6%	30.4%	33.9%	35.4%	39.1%	41.9%	43.8%	43.2%	41.1%
Operating margin	14.5%	15.6%	14.1%	14.7%	16.6%	20.9%	26.7%	28%	28.6%	26.5%	24%
Net margin	7.76%	8.53%	8.99%	9.44%	10.8%	14.8%	19.5%	21.8%	22.7%	21.2%	14.8%
ROE	9.3%	10.4%	11.3%	11.1%	11%	17.8%	23.3%	20.4%	18.1%	14.8%	10.7%
ROA	3.26%	3.61%	4.01%	3.82%	3.72%	6.42%	9.79%	9.07%	8.26%	6.96%	5.14%
ROIC	7.04%	7.49%	8.22%	7.71%	7.12%	11.2%	16.1%	14.4%	13.1%	11.7%	11.3%
Return on tangible assets	3.45%	3.81%	4.22%	3.99%	3.86%	6.64%	10.1%	9.33%	8.46%	7.11%	4.63%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.96	0.93	1.42	1.34	0.54	0.95	1.91	1.84	2.03	2.28	1.71
Quick ratio	0.58	0.59	0.79	0.83	0.33	0.57	1.29	1.36	1.55	1.83	1.36
Debt / equity	0.87	0.87	0.84	0.89	0.97	0.86	0.68	0.63	0.61	0.59	0.67
Debt / assets	0.3	0.3	0.3	0.31	0.33	0.31	0.29	0.28	0.28	0.28	0.3
Net debt / EBITDA	3.09	2.91	3.01	3.16	3.63	2.5	1.47	1.35	1.39	1.36	1.97
Interest coverage	3.59	4.37	4.19	4.32	4.37	6.63	10.9	10.6	9.77	7.82	5.07
Effective tax rate	24.5%	27.3%	15%	16.7%	17.4%	16.9%	20.5%	19.1%	17.8%	14.4%	3.16%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.8	21.5	23.1	23.1	21.9	28.8	35.1	32.4	31.8	31.1	31.4
EPS (basic)	1.62	1.84	2.08	2.19	2.35	4.26	6.83	7.06	7.22	6.59	6.59
EPS (diluted)	1.61	1.82	2.06	2.17	2.34	4.23	6.78	7	7.17	6.55	4.63
Book value per share	17.4	17.7	18.4	19.7	21.4	23.9	29.3	34.6	39.9	44.5	44.7
FCF per share	0.06	1.03	0.96	-0.56	-3.92	1.43	5.25	2.82	2.25	2.34	-1.89
Cash per share	0	0.41	0.02	0.53	0.03	0.04	2.86	5.53	7.05	10.5	7.95
Capex per share	—	—	—	—	—	—	—	—	—	6.88	11.6

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	22.1%	37.2%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	74.6%	119.4%
Payout ratio	77.4%	69.9%	64.6%	64.2%	62.9%	36.7%	24.2%	24.8%	25.9%	31.9%	47.6%
Dividend yield	3.07%	2.89%	2.71%	2.74%	3.48%	2.19%	2.82%	2.06%	2.54%	2.6%	2.61%

Yield

2.61%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.5775

ex-dividend Aug 14, 2026

Payout ratio

48%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.5775
May 15, 2026	$0.5775
Feb 13, 2026	$0.5775

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$358.1M	$314.3M	$347.1M	$342.3M	$338M	$303.1M	$337.4M	$333M	$325.6M	$308.1M	$347M	$334.4M
YoY change	-6.72%	+4.28%	+2.36%	+1.37%	-5.59%	-3.56%	-2.8%	-2.71%	-3.69%	+1.65%	+2.87%	+0.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	0	16.2M	861K	21.2M	1.2M	1.5M	119M	230.4M	294.7M	440.5M
Receivables	68.2M	68.5M	75.1M	79.3M	87M	142.3M	112.1M	129.3M	112.2M	110.2M
Inventory	83.7M	88M	106.3M	97.9M	92.2M	148.5M	146M	149.7M	148.9M	158.6M
Total current assets	208M	239.1M	241.4M	254.9M	234.8M	369.4M	452.8M	570.2M	630M	799.7M
Property, plant & equipment	-383.1M	-441.4M	-438.6M	-459.1M	-482.1M	-633.8M	-631.7M	-571.5M	-488.5M	-494M
Goodwill & intangibles	105.1M	102.7M	100M	97.7M	95.4M	93.2M	91M	88.8M	86.6M	84.4M
Total assets	1.9B	2B	2.1B	2.3B	2.6B	2.8B	2.9B	3.2B	3.7B	4B
Accounts payable	89.3M	84.7M	96.3M	120.8M	120.6M	135.1M	104.4M	94.4M	113.6M	93.6M
Short-term debt	76.1M	112.6M	18.8M	6.2M	221.1M	121.1M	8.2M	81.4M	69.6M	140.2M
Total current liabilities	215.7M	256.7M	170.1M	189.7M	436.8M	387.7M	237.6M	309.8M	309.8M	351M
Long-term debt	505.3M	490.4M	590M	689.6M	624.4M	734M	823.8M	824.1M	943.7M	963.6M
Total liabilities	1.2B	1.3B	1.3B	1.5B	1.7B	1.8B	1.7B	1.8B	2B	2.1B
Shareholders' equity	670.1M	696.9M	728.9M	781.5M	871M	990.8M	1.2B	1.4B	1.7B	1.9B
Total debt	581.4M	602.9M	608.8M	695.8M	845.5M	855.2M	832M	905.5M	1B	1.1B
Net debt	581.4M	586.7M	607.9M	674.6M	844.4M	853.6M	713M	675.1M	718.7M	717.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	189.2M	230.4M	238.2M	230.7M	280M	294.7M	284.8M	307.2M	379.7M	440.5M	403.2M	333.7M
Receivables	171.7M	129.3M	165.7M	164.1M	160.5M	112.2M	152.7M	152.4M	140.9M	110.2M	151.1M	169M
Inventory	142M	149.7M	148.2M	161.8M	153.2M	148.9M	147.7M	151.6M	155.8M	158.6M	157.1M	170M
Total current assets	556.8M	570.2M	607.9M	614.1M	650.3M	630M	651.3M	674.4M	737.2M	799.7M	799M	837.4M
Property, plant & equipment	-751.6M	-571.5M	-571.7M	-516.4M	-482.4M	-488.5M	-505.7M	-469.4M	-413.9M	-494M	-362.4M	-323.5M
Goodwill & intangibles	89.4M	88.8M	88.3M	87.7M	87.2M	86.6M	86.1M	85.5M	85M	84.4M	83.9M	83.4M
Total assets	3.2B	3.2B	3.3B	3.5B	3.6B	3.7B	3.7B	3.8B	3.8B	4B	4.2B	4.3B
Accounts payable	103.1M	94.4M	92.2M	126.9M	88.9M	113.6M	80.8M	98.2M	95.4M	93.6M	132.8M	131.1M
Short-term debt	51.5M	81.4M	—	12.8M	67.4M	69.6M	58.9M	—	—	140.2M	147.9M	133.8M
Total current liabilities	310M	309.8M	208.5M	271M	299.6M	309.8M	248.4M	203.5M	206.4M	351M	391.9M	490.6M
Long-term debt	824M	824.1M	943.5M	943.6M	943.7M	943.7M	993.5M	1B	1B	963.6M	1.1B	1.1B
Total liabilities	1.8B	1.8B	1.8B	1.9B	1.9B	2B	2B	2B	2B	2.1B	2.2B	2.4B
Shareholders' equity	1.4B	1.4B	1.5B	1.6B	1.6B	1.7B	1.7B	1.8B	1.8B	1.9B	1.9B	1.9B
Total debt	875.5M	905.5M	943.5M	956.4M	1B	1B	1.1B	1B	1B	1.1B	1.2B	1.3B
Net debt	686.3M	675.1M	705.4M	725.7M	731M	718.7M	767.6M	736.1M	717.7M	717.6M	862.7M	988.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	62.3M	72.4M	82.3M	86.8M	95.9M	176.8M	284.2M	294.2M	301.7M	275.9M
Depreciation & amortization	73.4M	72.5M	74.7M	78.1M	82M	91.4M	92.6M	98M	107.1M	118.1M
Stock-based compensation	3.2M	3.6M	4.4M	6M	6.3M	6.9M	6.8M	7.8M	9.5M	9.1M
Change in working capital	13.2M	-13.7M	-12.2M	14.7M	9.5M	-86.5M	-2.3M	-524K	30.5M	-46.2M
Operating cash flow	173.4M	173.6M	163.4M	194.5M	203.9M	217.4M	411.5M	411.7M	468.6M	386M
Capital expenditure	—	—	—	—	—	—	—	—	—	-288.1M
Investing cash flow	1.9M	323K	-2M	-2.1M	-4.1M	319K	-3.9M	-2.2M	-52.7M	-290.7M
Dividends paid	-48.2M	-50.6M	-53.2M	-55.7M	-60.3M	-64.9M	-68.8M	-73.1M	-78.3M	-88.1M
Share repurchases	-104K	-1.8M	-3M	-2.7M	-2.1M	-1.5M	-2.9M	-3.1M	-6.5M	-3.1M
Financing cash flow	-4.1M	-24.8M	-51.4M	44.8M	143.7M	-59.4M	-96.8M	-3.8M	22.9M	-3.7M
Net change in cash	171.3M	149.1M	110.1M	237.1M	343.5M	158.3M	310.8M	405.7M	438.8M	91.5M
Free cash flow	2.1M	40.7M	38M	-22.3M	-159.6M	59.4M	218.2M	117.4M	94.1M	97.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	92M	57.8M	74.3M	87M	85.5M	54.9M	68.1M	77.7M	78.3M	51.8M	72.6M	-7.6M
Depreciation & amortization	24.5M	25.3M	25.9M	26.6M	27.1M	27.5M	29.4M	29.4M	29.6M	29.7M	30M	30.8M
Stock-based compensation	491K	778K	5.5M	1.3M	1.3M	1.4M	5.8M	1.6M	710K	1M	6.4M	2.1M
Change in working capital	-3.3M	17.2M	-13.9M	31.2M	-24.1M	37.3M	-50.5M	10M	7.6M	-13.2M	-21.5M	1.2M
Operating cash flow	115.3M	103.3M	98.7M	147.2M	87.9M	134.8M	53.3M	119.9M	129.6M	97M	70.6M	112.1M
Capital expenditure	—	—	—	—	—	—	—	-66.2M	-89.1M	-74.7M	-185.3M	-139.5M
Investing cash flow	-60K	16K	-1.8M	-50.7M	121K	-308K	-2.9M	-66.1M	-89M	-74.7M	-187M	-139.6M
Dividends paid	-18.3M	-18.3M	-19.6M	-19.6M	-19.6M	-19.6M	-22M	-22M	-22M	-22M	-24.3M	-24.3M
Share repurchases	0	0	-5.8M	1K	-704K	0	-3.1M	0	0	0	-4M	-1K
Financing cash flow	-17M	12.4M	11.7M	-6.8M	34.1M	-16.1M	11.6M	-31.4M	-22M	38.1M	78.6M	31M
Net change in cash	98.3M	115.8M	108.6M	89.7M	122.2M	118.4M	62M	22.4M	18.5M	60.4M	-37.8M	3.5M
Free cash flow	55.7M	28.7M	-2.1M	50.1M	15.1M	31.1M	-18.5M	53.7M	40.5M	22.3M	-114.7M	-27.4M

Date	Ratio
Mar 16, 2000	2:1
Jun 16, 1988	2:1

Otter Tail Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history