Unitil Corporation (UTL) 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 %
Q2 26	$0.26	$0.26	0.0%	—	$117M	—
Q1 26	$1.86	$1.85	-0.5%	—	$216.9M	—
Q4 25	$0.99	$1.08	+9.1%	—	$161.5M	—
Q3 25	-$0.03	$0.03	+200.0%	—	$101.1M	—
Q2 25	$0.29	$0.25	-13.8%	—	$102.6M	—
Q1 25	$1.75	$1.74	-0.6%	—	$170.8M	—
Q4 24	$0.95	$0.97	+2.1%	—	$127.5M	—
Q3 24	$0.08	$0.02	-75.0%	—	$92.9M	—
Q2 24	$0.29	$0.27	-6.9%	—	$95.7M	—
Q1 24	$1.59	$1.69	+6.3%	—	$178.7M	—
Q4 23	$0.94	$0.97	+3.2%	—	$129.6M	—
Q3 23	$0.05	$0.09	+80.0%	—	$103.9M	—
Q2 23	$0.28	$0.25	-10.7%	—	$103.4M	—
Q1 23	$1.46	$1.51	+3.4%	—	$220.2M	—
Q4 22	$0.84	$0.91	+8.3%	—	$161.5M	—
Q3 22	$0.01	$0.03	+200.0%	—	$110.2M	—

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	—	$2.97	—	—	$536M	—
FY24	—	$2.93	—	—	$494.8M	—
FY23	—	$2.82	—	—	$557.1M	—
FY22	—	$2.59	—	—	$563.2M

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	$383.4M	$406.2M	$444.1M	$438.2M	$418.6M	$473.3M	$563.2M	$557.1M	$494.8M	$536M
YoY change	-10.2%	+5.95%	+9.33%	-1.33%	-4.47%	+13.1%	+19%	-1.08%	-11.2%	+8.33%

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	383.4M	406.2M	444.1M	438.2M	418.6M	473.3M	563.2M	557.1M	494.8M	536M
Cost of revenue	247M	262.8M	300.1M	290.4M	268.8M	311.5M	394.2M	374.1M	298.2M	314.8M
Gross profit	136.4M	143.4M	144M	147.8M	149.8M	161.8M	169M	183M	196.6M	221.2M
Gross margin	35.6%	35.3%	32.4%	33.7%	35.8%	34.2%	30%	32.8%	39.7%	41.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	70.2M	75.4M	71.2M	73.1M	71.4M	77.8M	80.5M	87.1M	90.6M	101.2M
Operating margin	18.3%	18.6%	16%	16.7%	17.1%	16.4%	14.3%	15.6%	18.3%	18.9%
Non-operating income, net	-5.2M	-5.8M	-5.8M	8.6M	-5.2M	-4.6M	-2.4M	—	-200K	1M
Pretax income	42.5M	46.5M	41.4M	58M	42.4M	47.6M	52.6M	58.4M	61.1M	65.5M
Income tax	15.4M	17.5M	8.4M	13.8M	10.2M	11.5M	11.2M	13.2M	14M	15.3M
Net income	27.1M	29M	33M	44.2M	32.2M	36.1M	41.4M	45.2M	47.1M	50.2M
Net margin	7.07%	7.14%	7.43%	10.1%	7.69%	7.63%	7.35%	8.11%	9.52%	9.37%
EBITDA	112.8M	118.9M	118.2M	136.6M	123.3M	134.3M	143.5M	160.7M	174.9M	198M
EPS	1.94	2.06	2.23	2.97	2.15	2.35	2.59	2.82	2.93	2.97
Diluted EPS	1.94	2.06	2.23	2.97	2.15	2.35	2.59	2.82	2.92	2.97

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	103.9M	129.6M	178.7M	95.7M	92.9M	127.5M	170.8M	102.6M	101.1M	161.5M	216.9M	117M
Cost of revenue	72.1M	77.1M	108.8M	58.1M	60.2M	71.1M	95M	60.9M	63.3M	95.6M	128.6M	68.6M
Gross profit	31.8M	52.5M	69.9M	37.6M	32.7M	56.4M	75.8M	41.7M	37.8M	65.9M	88.3M	48.4M
Gross margin	30.6%	40.5%	39.1%	39.3%	35.2%	44.2%	44.4%	40.6%	37.4%	40.8%	40.7%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	8M	27.8M	44.2M	12.4M	5.8M	28.2M	46.2M	13.3M	7M	34.7M	55.9M	15.4M
Operating margin	7.7%	21.5%	24.7%	13%	6.24%	22.1%	27%	13%	6.92%	21.5%	25.8%	13.2%
Non-operating income, net	—	—	-300K	-100K	300K	-100K	-100K	700K	300K	100K	—	800K
Pretax income	1M	20.1M	36.6M	4.9M	-1.3M	20.9M	37M	4.7M	-1.6M	25.4M	45.1M	5.8M
Income tax	-400K	4.6M	9.4M	600K	-1.3M	5.3M	9.5M	700K	-1.3M	6.4M	11.9M	1.1M
Net income	1.4M	15.5M	27.2M	4.3M	0	15.6M	27.5M	4M	-300K	19M	33.2M	4.7M
Net margin	1.35%	12%	15.2%	4.49%	0%	12.2%	16.1%	3.9%	-0.3%	11.8%	15.3%	4.02%
EBITDA	26.5M	46.9M	63.9M	32.8M	28.1M	50.1M	69.4M	37.2M	31.3M	60M	80.7M	41.8M
EPS	0.09	—	1.69	0.27	0	—	1.69	0.25	-0.02	—	1.85	0.26
Diluted EPS	0.09	—	1.69	0.27	0	—	1.69	0.25	-0.02	—	1.85	0.26

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	634.8M	643.2M	750.7M	920.7M	661.9M	707M	821.3M	843.5M	872.4M	813.1M	918.2M
Enterprise value	1.1B	1.1B	1.2B	1.4B	1.2B	1.3B	1.4B	1.5B	1.6B	1.7B	1.9B
Shares outstanding	14M	14.1M	14.8M	14.9M	15M	15.4M	16M	16M	16.1M	16.8M	16.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.4	22.2	22.7	20.8	20.6	19.6	19.8	18.7	18.5	16.2	16
P/S	1.66	1.58	1.69	2.1	1.58	1.49	1.46	1.51	1.76	1.52	1.54
P/B	2.17	1.91	2.14	2.44	1.7	1.58	1.76	1.72	1.7	1.33	1.48
EV/EBITDA	9.36	9.15	10.4	10.5	10.1	9.46	9.95	9.45	9.27	8.74	9.1
EV/Sales	2.75	2.68	2.77	3.27	2.97	2.68	2.54	2.73	3.28	3.23	3.16
Earnings yield	4.27%	4.51%	4.4%	4.8%	4.86%	5.11%	5.04%	5.36%	5.4%	6.17%	6.24%
FCF yield	-4.69%	-5.15%	-3.18%	-1.55%	-7.09%	-1.02%	-2.97%	-4.03%	-5.04%	-6.62%	-7.18%
PEG	—	—	—	—	—	—	—	—	—	—	4

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.6%	35.3%	32.4%	33.7%	35.8%	34.2%	30%	32.8%	39.7%	41.3%	41.4%
Operating margin	18.3%	18.6%	16%	16.7%	17.1%	16.4%	14.3%	15.6%	18.3%	18.9%	14.1%
Net margin	7.07%	7.14%	7.43%	10.1%	7.69%	7.63%	7.35%	8.11%	9.52%	9.37%	9.49%
ROE	9.25%	8.61%	9.39%	11.7%	8.27%	8.05%	8.85%	9.24%	9.19%	8.23%	9.62%
ROA	2.4%	2.34%	2.54%	3.22%	2.18%	2.34%	2.6%	2.71%	2.62%	2.35%	3.48%
ROIC	6.27%	6.02%	6.82%	6.28%	5.59%	5.83%	5.9%	5.79%	5.53%	5.08%	5.36%
Return on tangible assets	2.4%	2.34%	2.54%	3.22%	2.18%	2.34%	2.6%	2.71%	2.62%	2.36%	2.56%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.74	1	0.79	0.82	1.02	0.92	0.75	0.64	0.83	0.56	0.49
Quick ratio	0.7	0.95	0.75	0.76	0.96	0.87	0.7	0.59	0.76	0.52	0.45
Debt / equity	1.46	1.35	1.39	1.37	1.51	1.27	1.32	1.39	1.47	1.53	1.5
Debt / assets	0.38	0.36	0.38	0.38	0.4	0.37	0.39	0.41	0.42	0.44	0.43
Net debt / EBITDA	3.73	3.74	4.07	3.74	4.71	4.2	4.23	4.2	4.29	4.63	4.46
Interest coverage	2.79	2.82	2.57	3.18	2.61	2.75	2.86	2.67	2.62	2.5	2.61
Effective tax rate	36.2%	37.6%	20.3%	23.8%	24.1%	24.2%	21.3%	22.6%	22.9%	23.4%	24.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	27.4	28.8	30	29.4	28	30.8	35.2	34.7	30.7	31.9	33.8
EPS (basic)	1.94	2.06	2.23	2.97	2.15	2.35	2.59	2.82	2.93	2.97	2.97
EPS (diluted)	1.94	2.06	2.23	2.97	2.15	2.35	2.59	2.82	2.92	2.97	3.14
Book value per share	20.9	23.9	23.7	25.3	26	29.2	29.2	30.5	31.8	36.3	34
FCF per share	-2.13	-2.35	-1.61	-0.96	-3.14	-0.47	-1.53	-2.12	-2.73	-3.21	-2.54
Cash per share	0.41	0.63	0.53	0.35	0.4	0.42	0.56	0.41	0.39	0.93	0.5
Capex per share	7.01	8.46	6.91	8	8.2	7.48	7.64	8.79	10.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	25.6%	29.4%	23.1%	27.2%	29.3%	24.3%	21.7%	25.3%	34.3%	—	—
Capex / operating cash flow	143.6%	138.4%	130.4%	100.8%	162%	106.7%	125%	131.8%	134.9%	—	—
Payout ratio	73.8%	70.3%	66.1%	50%	70.2%	65.4%	60.6%	58%	58.4%	60%	58.9%
Dividend yield	3.15%	3.17%	2.9%	2.4%	3.41%	3.34%	3.06%	3.11%	3.15%	3.7%	3.77%

Yield

3.77%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.475

ex-dividend Aug 17, 2026

Payout ratio

59%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.475
May 14, 2026	$0.475
Feb 12, 2026	$0.475

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	$103.9M	$129.6M	$178.7M	$95.7M	$92.9M	$127.5M	$170.8M	$102.6M	$101.1M	$161.5M	$216.9M	$117M
YoY change	-5.72%	-19.8%	-18.8%	-7.45%	-10.6%	-1.62%	-4.42%	+7.21%	+8.83%	+26.7%	+27%	+14%

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	5.8M	8.9M	7.8M	5.2M	6M	6.5M	9M	6.5M	6.3M	15.6M
Receivables	52.9M	67.4M	66.8M	55.1M	62M	66.9M	73.8M	75M	75M	98.6M
Inventory	7.4M	7.5M	7.8M	8.7M	9.1M	9.6M	13.2M	14.5M	15.3M	16.7M
Total current assets	131.6M	151.3M	152.2M	130.9M	139.3M	159.7M	194.8M	177.1M	188.8M	240.1M
Property, plant & equipment	-219.8M	-272.2M	-307M	-314.6M	-361.8M	-379.5M	-402.7M	-416M	-412M	-435M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	8.6M
Total assets	1.1B	1.2B	1.3B	1.4B	1.5B	1.5B	1.6B	1.7B	1.8B	2.1B
Accounts payable	32.4M	41.5M	42.6M	37.6M	33.2M	52.4M	68.6M	47.7M	49.7M	62.9M
Short-term debt	101.7M	71.2M	101.2M	78.1M	63.2M	72.3M	124.2M	168.8M	112.5M	295.7M
Total current liabilities	176.9M	151M	192.5M	159.8M	136.1M	173.5M	260.1M	277.3M	228.7M	425.8M
Long-term debt	325.1M	382M	387.4M	437.5M	523.1M	497.8M	491.9M	512.8M	643.3M	637.5M
Total liabilities	835.1M	905.1M	947M	994M	1.1B	1.1B	1.1B	1.2B	1.3B	1.5B
Shareholders' equity	293.1M	336.8M	351.3M	376.8M	389.2M	448.5M	467.6M	489.3M	512.5M	609.6M
Total debt	426.8M	453.2M	488.6M	515.6M	586.3M	570.1M	616.1M	681.6M	755.8M	933.2M
Net debt	421M	444.3M	480.8M	510.4M	580.3M	563.6M	607.1M	675.1M	749.5M	917.6M

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	6M	6.5M	6.3M	2.8M	6.3M	6.3M	10.2M	8.5M	14.6M	15.6M	16.9M	9.2M
Receivables	57.7M	75M	83.9M	60M	56M	75M	95.5M	66M	63.6M	98.6M	107M	75.1M
Inventory	13.8M	14.5M	14.3M	14.6M	14.9M	15.3M	16.5M	16.6M	16.1M	16.7M	16.8M	17.2M
Total current assets	156.4M	177.1M	189.4M	160M	162.6M	188.8M	195.5M	170.1M	183.5M	240.1M	236.9M	198.5M
Property, plant & equipment	-371.2M	-416M	-418.9M	-402.7M	-371.3M	-412M	-423.7M	-435.7M	-413.4M	-435M	-455.3M	-437.9M
Goodwill & intangibles	—	—	—	—	—	—	—	3.2M	3.2M	8.6M	8.6M	13.6M
Total assets	1.6B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	1.9B	1.9B	2.1B	2.2B	2.2B
Accounts payable	35.6M	47.7M	37.9M	37.2M	36.2M	49.7M	42.9M	41.1M	42.8M	62.9M	47.2M	43.5M
Short-term debt	136.5M	168.8M	174.8M	162.7M	69.2M	112.5M	179.6M	178M	154.3M	295.7M	297.9M	277.7M
Total current liabilities	243.4M	277.3M	276.6M	274.3M	179.2M	228.7M	295M	293.5M	274.6M	425.8M	415.9M	404.5M
Long-term debt	509M	512.8M	507.9M	506.4M	638.4M	643.3M	641.6M	639.8M	640.5M	637.5M	635.9M	684.7M
Total liabilities	1.1B	1.2B	1.2B	1.2B	1.2B	1.3B	1.4B	1.4B	1.3B	1.5B	1.5B	1.6B
Shareholders' equity	479.8M	489.3M	510.8M	508.8M	502.4M	512.5M	534.1M	532.8M	597.2M	609.6M	636M	643.7M
Total debt	645.5M	681.6M	682.7M	669.1M	707.6M	755.8M	821.2M	817.8M	794.8M	933.2M	933.8M	962.4M
Net debt	639.5M	675.1M	676.4M	666.3M	701.3M	749.5M	811M	809.3M	780.2M	917.6M	916.9M	953.2M

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	27.1M	29M	33M	44.2M	32.2M	36.1M	41.4M	45.2M	47.1M	50.2M
Depreciation & amortization	46.6M	46.9M	50.4M	52M	54.5M	59.5M	62.6M	67.4M	76.1M	88.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-20.8M	-9.7M	3.9M	13.9M	-15.3M	6.2M	-6M	-4.6M	-1.6M	-20.6M
Operating cash flow	68.3M	86.2M	78.5M	118.3M	75.7M	107.8M	97.7M	107M	125.9M	131.3M
Capital expenditure	-98.1M	-119.3M	-102.4M	-119.2M	-122.6M	-115M	-122.1M	-141M	-169.9M	—
Investing cash flow	-98.1M	-119.3M	-102.4M	-105.8M	-122.6M	-115M	-122.1M	-141M	-169.9M	-160.4M
Dividends paid	-20M	-20.4M	-21.8M	-22.1M	-22.6M	-23.6M	-25.1M	-26.2M	-27.5M	-30.1M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	26.9M	38.7M	22.8M	-1.7M	43.8M	7.8M	27M	31.2M	43.8M	223.4M
Net change in cash	-2.9M	5.6M	-1.1M	10.8M	-3.1M	600K	2.6M	-2.8M	-200K	194.3M
Free cash flow	-29.8M	-33.1M	-23.9M	-14.3M	-46.9M	-7.2M	-24.4M	-34M	-44M	-53.8M

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	1.4M	15.5M	27.2M	4.3M	0	15.6M	27.5M	4M	-300K	19M	33.2M	4.7M
Depreciation & amortization	16.8M	17.3M	18M	18.1M	19.1M	20.9M	21.7M	21.8M	22.2M	23M	23.3M	24.2M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	7.1M	-12.4M	-14.3M	32.3M	-3.9M	-15.7M	4.9M	17.1M	-7.7M	-34.9M	1.4M	34.8M
Operating cash flow	16.3M	28.3M	26.6M	49.9M	26.1M	23.3M	52.1M	42.2M	15.6M	21.4M	50.1M	55.7M
Capital expenditure	-35.8M	-47.6M	-20.2M	-36.7M	-57.4M	-55.6M	-32.6M	—	—	—	—	—
Investing cash flow	-35.8M	-47.6M	-20.2M	-36.7M	-57.4M	-55.6M	-103.8M	-200K	0	-89M	0	-42.6M
Dividends paid	-6.5M	-6.6M	-6.8M	-6.9M	-6.9M	-6.9M	-7.3M	-7.3M	-7.4M	-8.1M	-8.5M	-8.6M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	18.7M	19.5M	-6.6M	-16.7M	34.8M	32.3M	55.6M	-3.5M	45.1M	126.2M	-16.4M	-17.2M
Net change in cash	-800K	200K	-200K	-3.5M	3.5M	0	3.9M	38.5M	60.7M	58.6M	33.7M	-4.1M
Free cash flow	-19.5M	-19.3M	6.4M	13.2M	-31.3M	-32.3M	19.5M	2M	-39M	-36.3M	17.7M	12.1M

Date	Ratio
Dec 14, 1992	2:1
Apr 27, 1992	111:100

Unitil 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