Otter Tail
OTTR · Electric Utilities
$90.49
0.3%Unitil
UTL · Electric Utilities
$55.15
0.2%The short version
- Otter Tail is the larger business, with $1.3B of revenue in fiscal 2025 against $536M for Unitil, about 2.4 times as much.
- Unitil grew revenue faster (8.3%, against −2.3%).
- Otter Tail kept more of each dollar of sales as operating profit (26.6% operating margin, against 18.9% operating margin).
- Otter Tail turned more of its sales into free cash flow (7.5% FCF margin, against −10.0% FCF margin).
- Otter Tail earned a higher return on the capital invested in it (12.3%, against 5.6%).
- Investors pay more for each dollar of Otter Tail’s earnings: a P/E of 19.5x against 17.4x for Unitil.
| Latest fiscal year | OTTR · FY25 | UTL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.8B | $987M |
| Revenue | $1.3B | $536M |
| Free cash flow | $97.9M | −$53.8M |
| Net income | $276M | $50.2M |
| Growth | ||
| Revenue growth | −2.3% | 8.3% |
| 5-year growth | 8.0% | 5.1% |
| Share count change | 0.1% | 4.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 26.6% | 18.9% |
| Net margin | 21.2% | 9.4% |
| FCF margin | 7.5% | −10.0% |
| Return on capital | 12.3% | 5.6% |
| Return on equity | 15.6% | 9.0% |
| Balance sheet | ||
| Net debt | $583M | $911M |
| Net debt / EBITDA | 1.3x | — |
| Dividends and buybacks | $88.1M | $30.1M |
| Valuation & quality | ||
| P/E | 19.5x | 17.4x |
| Piotroski F-score | 5 | 4 |
FY16
OTTR $804M
UTL $383M
FY17
OTTR $849M
UTL $406M
FY18
OTTR $916M
UTL $444M
FY19
OTTR $920M
UTL $438M
FY20
OTTR $883M
UTL $419M
FY21
OTTR $1.2B
UTL $473M
FY22
OTTR $1.5B
UTL $563M
FY23
OTTR $1.4B
UTL $557M
FY24
OTTR $1.3B
UTL $495M
FY25
OTTR $1.3B
UTL $536M
OTTR
UTL
FY16
OTTR 14.5%
UTL 18.3%
FY17
OTTR 15.6%
UTL 18.6%
FY18
OTTR 14.1%
UTL 16.0%
FY19
OTTR 14.7%
UTL 16.7%
FY20
OTTR 16.7%
UTL 17.1%
FY21
OTTR 20.9%
UTL 16.4%
FY22
OTTR 26.6%
UTL 14.3%
FY23
OTTR 27.9%
UTL 15.6%
FY24
OTTR 28.6%
UTL 18.3%
FY25
OTTR 26.6%
UTL 18.9%
OTTR
UTL
FY16
OTTR $2.1M
UTL −$29.8M
FY17
OTTR $40.7M
UTL −$33.1M
FY18
OTTR $38.0M
UTL −$23.9M
FY19
OTTR −$22.3M
UTL −$14.3M
FY20
OTTR −$160M
UTL −$46.9M
FY21
OTTR $59.4M
UTL −$7.2M
FY22
OTTR $218M
UTL −$24.4M
FY23
OTTR $117M
UTL −$34.0M
FY24
OTTR $94.1M
UTL −$44.0M
FY25
OTTR $97.9M
UTL −$53.8M
OTTR
UTL
FY16
OTTR —
UTL 6.7%
FY17
OTTR 7.6%
UTL 6.4%
FY18
OTTR 8.4%
UTL 7.1%
FY19
OTTR 8.0%
UTL 6.5%
FY20
OTTR 7.7%
UTL 5.8%
FY21
OTTR 11.6%
UTL 6.0%
FY22
OTTR 16.4%
UTL 6.1%
FY23
OTTR 15.1%
UTL 6.1%
FY24
OTTR 13.9%
UTL 5.8%
FY25
OTTR 12.3%
UTL 5.6%
OTTR
UTL
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.