Unitil Corp Financials
This page shows Unitil Corp (UTL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Rising earnings are being outpaced by a larger asset build, leaving cash generation and liquidity weaker than reported profit implies.
Over the last two years, operating cash flow rose by only$24.3M while capital spending rose by$44.1M , so free cash flow moved further negative even as earnings improved. That mismatch helps explain why financing inflows reached$223.5M despite net income of$50.2M : the asset base is expanding faster than internally generated cash can fund it.
The income statement is steadier than the revenue line: revenue swung over the last three years, yet operating margin widened from
Short-term liquidity tightened as the current ratio fell to 0.6x and cash was only
Financial Health Signals
Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Unitil Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Unitil Corp scores 0.80, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Unitil Corp passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Unitil Corp generates $2.62 in operating cash flow ($131.3M OCF vs $50.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Unitil Corp earns $2.3 in operating income for every $1 of interest expense ($101.2M vs $43.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Unitil Corp generated $536.0M in revenue in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Unitil Corp reported $50.2M in net income in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Unitil Corp earned $2.97 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1.4% from the prior year.
Cash & Balance Sheet
Unitil Corp generated -$53.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.3% from the prior year.
Unitil Corp held $15.6M in cash against $632.6M in long-term debt as of fiscal year 2025.
Unitil Corp paid $1.80 per share in dividends in fiscal year 2025. This represents an increase of 5.9% from the prior year.
Unitil Corp had 18M shares outstanding in fiscal year 2025. This represents an increase of 10.7% from the prior year.
Margins & Returns
Unitil Corp's operating margin was 18.9% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Unitil Corp's net profit margin was 9.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.
Unitil Corp's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Capital Allocation
Unitil Corp invested $185.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.
UTL Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $216.9M+34.3% | $161.5M+59.7% | $101.1M-1.5% | $102.6M-39.9% | $170.8M+34.0% | $127.5M+37.2% | $92.9M-2.9% | $95.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $55.9M+61.1% | $34.7M+395.7% | $7.0M-47.4% | $13.3M-71.2% | $46.2M+63.8% | $28.2M+386.2% | $5.8M-53.2% | $12.4M |
| Interest Expense | $4.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $11.9M+85.9% | $6.4M+592.3% | -$1.3M-285.7% | $700K-92.6% | $9.5M+79.2% | $5.3M+507.7% | -$1.3M-316.7% | $600K |
| Net Income | $33.2M+74.7% | $19.0M+6433.3% | -$300K-107.5% | $4.0M-85.5% | $27.5M+76.3% | $15.6M | $0-100.0% | $4.3M |
| EPS (Diluted) | $1.85 | N/A | $-0.02-108.0% | $0.25-85.2% | $1.69 | N/A | $0.00-100.0% | $0.27 |
UTL Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B+1.0% | $2.1B+9.7% | $1.9B+2.7% | $1.9B+0.1% | $1.9B+5.4% | $1.8B+3.3% | $1.7B+2.5% | $1.7B |
| Current Assets | $236.9M-1.3% | $240.1M+30.8% | $183.5M+7.9% | $170.1M-13.0% | $195.5M+3.5% | $188.8M+16.1% | $162.6M+1.6% | $160.0M |
| Cash & Equivalents | $16.9M+8.3% | $15.6M+6.8% | $14.6M+71.8% | $8.5M-16.7% | $10.2M+61.9% | $6.3M0.0% | $6.3M+125.0% | $2.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $107.0M+8.5% | $98.6M+55.0% | $63.6M-3.6% | $66.0M-30.9% | $95.5M+27.3% | $75.0M+33.9% | $56.0M-6.7% | $60.0M |
| Goodwill | $4.3M0.0% | $4.3M+168.8% | $1.6M0.0% | $1.6M | $0 | $0 | $0 | N/A |
| Total Liabilities | $1.5B-0.3% | $1.5B+13.1% | $1.3B-0.9% | $1.4B+0.2% | $1.4B+5.8% | $1.3B+3.8% | $1.2B+4.1% | $1.2B |
| Current Liabilities | $415.9M-2.3% | $425.8M+55.1% | $274.6M-6.4% | $293.5M-0.5% | $295.0M+29.0% | $228.7M+27.6% | $179.2M-34.7% | $274.3M |
| Long-Term Debt | $631.4M-0.2% | $632.6M-0.5% | $635.6M0.0% | $635.8M-0.2% | $637.2M-0.2% | $638.4M0.0% | $638.4M+26.1% | $506.4M |
| Total Equity | $636.0M+4.3% | $609.6M+2.1% | $597.2M+12.1% | $532.8M-0.2% | $534.1M+4.2% | $512.5M+2.0% | $502.4M-1.3% | $508.8M |
| Retained Earnings | $215.9M+12.9% | $191.2M+6.0% | $180.3M-4.1% | $188.0M-1.7% | $191.3M+11.8% | $171.1M+5.4% | $162.4M-4.1% | $169.3M |
UTL Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.1M+134.1% | $21.4M+37.2% | $15.6M-63.0% | $42.2M-19.0% | $52.1M+123.6% | $23.3M-10.7% | $26.1M-47.7% | $49.9M |
| Capital Expenditures | $32.4M-43.8% | $57.7M+5.7% | $54.6M+35.8% | $40.2M+23.3% | $32.6M-41.4% | $55.6M-3.1% | $57.4M+56.4% | $36.7M |
| Free Cash Flow | $17.7M+148.8% | -$36.3M+6.9% | -$39.0M-2050.0% | $2.0M-89.7% | $19.5M+160.4% | -$32.3M-3.2% | -$31.3M-337.1% | $13.2M |
| Investing Cash Flow | -$32.4M+77.9% | -$146.7M-168.7% | -$54.6M-35.1% | -$40.4M+61.1% | -$103.8M-86.7% | -$55.6M+3.1% | -$57.4M-56.4% | -$36.7M |
| Financing Cash Flow | -$16.4M-113.0% | $126.3M+180.0% | $45.1M+1388.6% | -$3.5M-106.3% | $55.6M+72.1% | $32.3M-7.2% | $34.8M+308.4% | -$16.7M |
| Dividends Paid | $8.5M+4.9% | $8.1M+9.5% | $7.4M+1.4% | $7.3M0.0% | $7.3M+5.8% | $6.9M0.0% | $6.9M0.0% | $6.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UTL Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 25.8%+4.3pp | 21.5%+14.6pp | 6.9%-6.0pp | 13.0%-14.1pp | 27.1%+4.9pp | 22.1%+15.9pp | 6.2%-6.7pp | 13.0% |
| Net Margin | 15.3%+3.6pp | 11.8%+12.1pp | -0.3%-4.2pp | 3.9%-12.2pp | 16.1%+3.9pp | 12.2%+12.2pp | 0.0%-4.5pp | 4.5% |
| Return on Equity | 5.2%+2.1pp | 3.1%+3.2pp | -0.1%-0.8pp | 0.8%-4.4pp | 5.1%+2.1pp | 3.0%+3.0pp | 0.0%-0.9pp | 0.9% |
| Return on Assets | 1.5%+0.7pp | 0.9%+0.9pp | -0.0%-0.2pp | 0.2%-1.2pp | 1.5%+0.6pp | 0.9%+0.9pp | 0.0%-0.3pp | 0.3% |
| Current Ratio | 0.570.0 | 0.56-0.1 | 0.67+0.1 | 0.58-0.1 | 0.66-0.2 | 0.83-0.1 | 0.91+0.3 | 0.58 |
| Debt-to-Equity | 0.99-0.0 | 1.04-0.0 | 1.06-0.1 | 1.190.0 | 1.19-0.1 | 1.25-0.0 | 1.27+0.3 | 1.00 |
| FCF Margin | 8.2%+30.6pp | -22.5%+16.1pp | -38.6%-40.5pp | 1.9%-9.5pp | 11.4%+36.8pp | -25.3%+8.4pp | -33.7%-47.5pp | 13.8% |
Note: The current ratio is below 1.0 (0.56), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Unitil Corp's annual revenue?
Unitil Corp (UTL) reported $536.0M in total revenue for fiscal year 2025. This represents a 8.3% 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 Unitil Corp's revenue growing?
Unitil Corp (UTL) revenue grew by 8.3% year-over-year, from $494.8M to $536.0M in fiscal year 2025.
Is Unitil Corp profitable?
Yes, Unitil Corp (UTL) reported a net income of $50.2M in fiscal year 2025, with a net profit margin of 9.4%.
How much debt does Unitil Corp have?
As of fiscal year 2025, Unitil Corp (UTL) had $15.6M in cash and equivalents against $632.6M in long-term debt.
What is Unitil Corp's operating margin?
Unitil Corp (UTL) had an operating margin of 18.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Unitil Corp's net profit margin?
Unitil Corp (UTL) had a net profit margin of 9.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Unitil Corp pay dividends?
Yes, Unitil Corp (UTL) paid $1.80 per share in dividends during fiscal year 2025.
What is Unitil Corp's return on equity (ROE)?
Unitil Corp (UTL) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Unitil Corp's free cash flow?
Unitil Corp (UTL) generated -$53.8M in free cash flow during fiscal year 2025. This represents a -22.3% 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 Unitil Corp's operating cash flow?
Unitil Corp (UTL) generated $131.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Unitil Corp's total assets?
Unitil Corp (UTL) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Unitil Corp's capital expenditures?
Unitil Corp (UTL) invested $185.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Unitil Corp's current ratio?
Unitil Corp (UTL) had a current ratio of 0.56 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Unitil Corp's debt-to-equity ratio?
Unitil Corp (UTL) had a debt-to-equity ratio of 1.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Unitil Corp's return on assets (ROA)?
Unitil Corp (UTL) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Unitil Corp's Altman Z-Score?
Unitil Corp (UTL) has an Altman Z-Score of 0.80, placing it in the Distress Zone (elevated bankruptcy 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 Unitil Corp's Piotroski F-Score?
Unitil Corp (UTL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Unitil Corp's earnings high quality?
Unitil Corp (UTL) has an earnings quality ratio of 2.62x, 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 Unitil Corp cover its interest payments?
Unitil Corp (UTL) has an interest coverage ratio of 2.3x, meaning it can adequately 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 Unitil Corp?
Unitil Corp (UTL) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.