Otter Tail Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Otter Tail Corp has an operating margin of 28.6%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 27.9% the prior year.
Otter Tail Corp's revenue declined 1.7% year-over-year, from $1.4B to $1.3B. This contraction results in a growth score of 24/100.
Otter Tail Corp carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Otter Tail Corp's current ratio of 2.03 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.
Otter Tail Corp has a free cash flow margin of 7.1%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.
Otter Tail Corp earns a strong 18.1% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 20.4% the prior year.
Otter Tail Corp scores 2.33, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Otter Tail Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Otter Tail Corp generates $1.50 in operating cash flow ($452.7M OCF vs $301.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Otter Tail Corp earns $9.1 in operating income for every $1 of interest expense ($380.3M vs $41.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Otter Tail Corp (OTTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Otter Tail Corp generated $1.3B in revenue in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Otter Tail Corp's EBITDA was $487.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.4% from the prior year.
Otter Tail Corp generated $94.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 19.8% from the prior year.
Otter Tail Corp reported $301.7M in net income in fiscal year 2024. This represents an increase of 2.5% from the prior year.
Otter Tail Corp earned $7.17 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.4% from the prior year.
Otter Tail Corp held $294.7M in cash against $943.7M in long-term debt as of fiscal year 2024.
Otter Tail Corp paid $1.87 per share in dividends in fiscal year 2024. This represents an increase of 6.9% from the prior year.
Otter Tail Corp had 42M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Otter Tail Corp's gross margin was 67.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
Otter Tail Corp's operating margin was 28.6% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Otter Tail Corp's net profit margin was 22.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.
Otter Tail Corp's ROE was 18.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.
Otter Tail Corp invested $358.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 24.9% from the prior year.
OTTR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $325.9M-2.0% | $332.4M-1.5% | $337.3M+11.4% | $302.9M-11.5% | $342.4M-1.4% | $347.2M+9.8% | $316.3M-11.8% | $358.8M |
| Cost of Revenue | $101.2M-4.5% | $106.0M+1.5% | $104.4M+14.0% | $91.6M-21.6% | $116.8M+1.8% | $114.7M+11.6% | $102.8M-13.1% | $118.3M |
| Gross Profit | $224.7M-0.8% | $226.5M-2.8% | $232.9M+10.2% | $211.4M-6.3% | $225.6M-3.0% | $232.5M+8.9% | $213.5M-11.2% | $240.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $17.8M+2.5% | $17.4M-18.5% | $21.3M-11.9% | $24.2M+33.1% | $18.2M-4.0% | $18.9M-10.9% | $21.2M+33.8% | $15.9M |
| Operating Income | $96.6M-0.9% | $97.5M+16.0% | $84.0M+25.7% | $66.8M-39.8% | $110.9M+16.8% | $95.0M+35.5% | $70.1M-42.1% | $121.1M |
| Interest Expense | $11.8M+0.6% | $11.7M+1.4% | $11.6M+9.1% | $10.6M+3.8% | $10.2M+3.6% | $9.8M+4.9% | $9.4M+2.4% | $9.2M |
| Income Tax | $12.8M-6.1% | $13.7M+35.4% | $10.1M+23.7% | $8.2M-60.4% | $20.6M+15.6% | $17.8M+58.9% | $11.2M-54.7% | $24.7M |
| Net Income | $78.3M+0.7% | $77.7M+14.1% | $68.1M+24.2% | $54.9M-37.0% | $87.0M+17.0% | $74.3M+28.7% | $57.8M-37.2% | $92.0M |
| EPS (Diluted) | $1.86+0.5% | $1.85+14.2% | $1.62+24.6% | $1.30-37.2% | $2.07+16.9% | $1.77+29.2% | $1.37-37.4% | $2.19 |
OTTR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B+2.1% | $3.8B+1.9% | $3.7B+1.2% | $3.7B+5.5% | $3.5B+4.1% | $3.3B+2.6% | $3.2B+1.7% | $3.2B |
| Current Assets | $737.2M+9.3% | $674.4M+3.6% | $651.3M+3.4% | $630.0M+2.6% | $614.1M+1.0% | $607.9M+6.6% | $570.2M+2.4% | $556.8M |
| Cash & Equivalents | $325.8M+6.0% | $307.2M+7.9% | $284.8M-3.3% | $294.7M+27.7% | $230.7M-3.1% | $238.2M+3.4% | $230.4M+21.8% | $189.2M |
| Inventory | $155.8M+2.8% | $151.6M+2.6% | $147.7M-0.8% | $148.9M-8.0% | $161.8M+9.2% | $148.2M-1.0% | $149.7M+5.4% | $142.0M |
| Accounts Receivable | $166.7M-7.8% | $180.8M-1.8% | $184.1M+26.1% | $146.0M-24.0% | $191.9M-1.9% | $195.7M+24.5% | $157.1M-18.7% | $193.2M |
| Goodwill | $37.6M0.0% | $37.6M0.0% | $37.6M0.0% | $37.6M0.0% | $37.6M0.0% | $37.6M0.0% | $37.6M0.0% | $37.6M |
| Total Liabilities | $2.0B+1.1% | $2.0B+0.6% | $2.0B-0.2% | $2.0B+4.7% | $1.9B+3.6% | $1.8B+1.6% | $1.8B+0.8% | $1.8B |
| Current Liabilities | $206.4M+1.4% | $203.5M-18.1% | $248.4M-19.8% | $309.8M+14.3% | $271.0M+30.0% | $208.5M-32.7% | $309.8M-0.1% | $310.0M |
| Long-Term Debt | $1.0B0.0% | $1.0B+5.0% | $993.5M+5.3% | $943.7M0.0% | $943.6M0.0% | $943.5M+14.5% | $824.1M0.0% | $824.0M |
| Total Equity | $1.8B+3.2% | $1.8B+3.3% | $1.7B+2.9% | $1.7B+6.6% | $1.6B+4.6% | $1.5B+3.8% | $1.4B+2.9% | $1.4B |
| Retained Earnings | $1.2B+5.0% | $1.1B+5.2% | $1.1B+4.5% | $1.0B+10.9% | $928.6M+7.8% | $861.1M+6.8% | $806.3M+5.2% | $766.8M |
OTTR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $129.6M+8.1% | $119.9M+203.8% | $39.5M-69.6% | $130.0M-14.2% | $151.5M+110.7% | $71.9M-16.4% | $86.0M-35.8% | $134.0M |
| Capital Expenditures | $89.1M+34.5% | $66.2M+14.2% | $58.0M-41.3% | $98.9M-2.5% | $101.5M+37.1% | $74.0M+29.3% | $57.3M-26.9% | $78.3M |
| Free Cash Flow | $40.5M-24.6% | $53.7M+389.5% | -$18.5M-159.7% | $31.1M-38.0% | $50.1M+2449.3% | -$2.1M-107.4% | $28.7M-48.4% | $55.7M |
| Investing Cash Flow | -$89.0M-34.6% | -$66.1M-8.5% | -$60.9M+38.6% | -$99.2M+34.8% | -$152.2M-100.6% | -$75.9M-32.5% | -$57.3M+26.9% | -$78.4M |
| Financing Cash Flow | -$22.0M+29.7% | -$31.4M-370.3% | $11.6M+172.0% | -$16.1M-135.5% | -$6.8M-158.3% | $11.7M-5.4% | $12.4M+173.2% | -$17.0M |
| Dividends Paid | $22.0M0.0% | $22.0M+0.1% | $22.0M+12.4% | $19.6M0.0% | $19.6M+0.1% | $19.6M+7.0% | $18.3M0.0% | $18.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OTTR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.0%+0.8pp | 68.1%-0.9pp | 69.1%-0.7pp | 69.8%+3.9pp | 65.9%-1.1pp | 67.0%-0.6pp | 67.5%+0.5pp | 67.0% |
| Operating Margin | 29.6%+0.3pp | 29.3%+4.4pp | 24.9%+2.8pp | 22.1%-10.3pp | 32.4%+5.0pp | 27.4%+5.2pp | 22.1%-11.6pp | 33.8% |
| Net Margin | 24.0%+0.6pp | 23.4%+3.2pp | 20.2%+2.1pp | 18.1%-7.3pp | 25.4%+4.0pp | 21.4%+3.1pp | 18.3%-7.4pp | 25.6% |
| Return on Equity | 4.3%-0.1pp | 4.4%+0.4pp | 4.0%+0.7pp | 3.3%-2.3pp | 5.6%+0.6pp | 5.0%+1.0pp | 4.0%-2.6pp | 6.6% |
| Return on Assets | 2.0%-0.0pp | 2.1%+0.2pp | 1.8%+0.3pp | 1.5%-1.0pp | 2.5%+0.3pp | 2.2%+0.5pp | 1.8%-1.1pp | 2.9% |
| Current Ratio | 3.57+0.3 | 3.31+0.7 | 2.62+0.6 | 2.03-0.2 | 2.27-0.6 | 2.92+1.1 | 1.84+0.0 | 1.80 |
| Debt-to-Equity | 0.57-0.0 | 0.590.0 | 0.58+0.0 | 0.57-0.0 | 0.60-0.0 | 0.63+0.1 | 0.57-0.0 | 0.59 |
| FCF Margin | 12.4%-3.7pp | 16.2%+21.6pp | -5.5%-15.8pp | 10.3%-4.4pp | 14.6%+15.2pp | -0.6%-9.7pp | 9.1%-6.4pp | 15.5% |
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Frequently Asked Questions
What is Otter Tail Corp's annual revenue?
Otter Tail Corp (OTTR) reported $1.3B in total revenue for fiscal year 2024. This represents a -1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Otter Tail Corp's revenue growing?
Otter Tail Corp (OTTR) revenue declined by 1.7% year-over-year, from $1.4B to $1.3B in fiscal year 2024.
Is Otter Tail Corp profitable?
Yes, Otter Tail Corp (OTTR) reported a net income of $301.7M in fiscal year 2024, with a net profit margin of 22.7%.
What is Otter Tail Corp's earnings per share (EPS)?
Otter Tail Corp (OTTR) reported diluted earnings per share of $7.17 for fiscal year 2024. This represents a 2.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Otter Tail Corp's EBITDA?
Otter Tail Corp (OTTR) had EBITDA of $487.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Otter Tail Corp have?
As of fiscal year 2024, Otter Tail Corp (OTTR) had $294.7M in cash and equivalents against $943.7M in long-term debt.
What is Otter Tail Corp's gross margin?
Otter Tail Corp (OTTR) had a gross margin of 67.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Otter Tail Corp's operating margin?
Otter Tail Corp (OTTR) had an operating margin of 28.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Otter Tail Corp's net profit margin?
Otter Tail Corp (OTTR) had a net profit margin of 22.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Otter Tail Corp pay dividends?
Yes, Otter Tail Corp (OTTR) paid $1.87 per share in dividends during fiscal year 2024.
What is Otter Tail Corp's return on equity (ROE)?
Otter Tail Corp (OTTR) has a return on equity of 18.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Otter Tail Corp's free cash flow?
Otter Tail Corp (OTTR) generated $94.1M in free cash flow during fiscal year 2024. This represents a -19.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Otter Tail Corp's operating cash flow?
Otter Tail Corp (OTTR) generated $452.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Otter Tail Corp's total assets?
Otter Tail Corp (OTTR) had $3.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Otter Tail Corp's capital expenditures?
Otter Tail Corp (OTTR) invested $358.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Otter Tail Corp have outstanding?
Otter Tail Corp (OTTR) had 42M shares outstanding as of fiscal year 2024.
What is Otter Tail Corp's current ratio?
Otter Tail Corp (OTTR) had a current ratio of 2.03 as of fiscal year 2024, which is generally considered healthy.
What is Otter Tail Corp's debt-to-equity ratio?
Otter Tail Corp (OTTR) had a debt-to-equity ratio of 0.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Otter Tail Corp's return on assets (ROA)?
Otter Tail Corp (OTTR) had a return on assets of 8.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Otter Tail Corp's Altman Z-Score?
Otter Tail Corp (OTTR) has an Altman Z-Score of 2.33, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Otter Tail Corp's Piotroski F-Score?
Otter Tail Corp (OTTR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Otter Tail Corp's earnings high quality?
Otter Tail Corp (OTTR) has an earnings quality ratio of 1.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Otter Tail Corp cover its interest payments?
Otter Tail Corp (OTTR) has an interest coverage ratio of 9.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Otter Tail Corp?
Otter Tail Corp (OTTR) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.