NASDAQ : OTTR
Otter Tail Corporation — Financial statements
Industrials · Conglomerates · United States
Last price 90.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.79B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Otter Tail Corporation (OTTR) reported revenue of 1.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.32B | 1.30B | 1.33B | 1.35B | 1.46B | 1.20B |
| Cost of Revenue | 760.22M | 740.68M | 747.45M | 784.02M | 889.71M | 772.77M |
| Gross Profit | 554.85M | 563.38M | 583.10M | 565.15M | 570.50M | 424.07M |
| Selling, General & Admin | 85.15M | 79.23M | 70.46M | 62.07M | 68.64M | 67.41M |
| Other Operating Expenses | 18.15M | 17.02M | 15.66M | 16.61M | 17.74M | 17.61M |
| Operating Expenses | 223.37M | 214.36M | 193.24M | 176.63M | 178.98M | 176.38M |
| Operating Income | 331.48M | 349.02M | 389.86M | 388.52M | 391.51M | 247.69M |
| Interest Expense | -49.48M | -47.23M | -41.81M | -37.68M | -36.02M | -37.77M |
| Other Non Operating Income (Expenses) | 22.95M | 20.49M | 18.87M | 12.64M | 2.04M | 2.96M |
| EBT Excluding Unusual Items | 304.94M | 322.28M | 366.91M | 363.48M | 357.53M | 212.88M |
| Gain (Loss) on Sale of Investments | -5.00K | -5.00K | -21.00K | 12.00K | 1.00K | -64.00K |
| Pretax Income | 201.44M | 322.28M | 366.89M | 363.49M | 357.54M | 212.82M |
| Income Tax Expense | 6.37M | 46.38M | 65.23M | 69.30M | 73.35M | 36.05M |
| Earnings From Continuing Operations | 195.07M | 275.89M | 301.66M | 294.19M | 284.18M | 176.77M |
| Net Income | 195.07M | 275.89M | 301.66M | 294.19M | 284.18M | 176.77M |
| Net Income to Common | 195.07M | 275.89M | 301.66M | 294.19M | 284.18M | 176.77M |
| Shares Outstanding (Basic) | 41.90M | 41.86M | 41.78M | 41.67M | 41.59M | 41.49M |
| Shares Outstanding (Diluted) | 42.12M | 42.12M | 42.07M | 42.04M | 41.93M | 41.82M |
| EPS (Basic) | 4.66 | 6.59 | 7.22 | 7.06 | 6.83 | 4.26 |
| EPS (Diluted) | 4.63 | 6.55 | 7.17 | 7.00 | 6.78 | 4.23 |
| Free Cash Flow | -79.27M | 97.92M | 94.08M | 117.36M | 218.18M | 59.41M |
| Free Cash Flow Per Share | -1.88 | 2.33 | 2.24 | 2.79 | 5.20 | 1.42 |
| Dividend Per Share | 2.21 | 2.10 | 1.87 | 1.75 | 1.65 | 1.56 |
| Gross Margin | 42.19% | 43.20% | 43.82% | 41.89% | 39.07% | 35.43% |
| Operating Margin | 25.21% | 26.76% | 29.30% | 28.80% | 26.81% | 20.70% |
| Profit Margin | 14.83% | 21.16% | 22.67% | 21.80% | 19.46% | 14.77% |
| Free Cash Flow Margin | -6.03% | 7.51% | 7.07% | 8.70% | 14.94% | 4.96% |
| EBITDA | 447.25M | 462.82M | 493.98M | 485.17M | 482.71M | 338.55M |
| EBITDA Margin | 34.01% | 35.49% | 37.13% | 35.96% | 33.06% | 28.29% |
| D&A For EBITDA | 115.77M | 113.81M | 104.12M | 96.65M | 91.20M | 90.86M |
| EBIT | 331.48M | 349.02M | 389.86M | 388.52M | 391.51M | 247.69M |
| EBIT Margin | 25.21% | 26.76% | 29.30% | 28.80% | 26.81% | 20.70% |
| Effective Tax Rate | 3.16% | 14.39% | 17.78% | 19.06% | 20.52% | 16.94% |
| Revenue as Reported | 1.32B | 1.30B | 1.33B | 1.35B | 1.46B | 1.20B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 278.38M | 386.19M | 294.65M | 230.37M | 119.00M | 1.54M |
| Short-Term Investments | 55.32M | 54.31M | 753.00K | |||
| Cash & Short-Term Investments | 333.70M | 440.50M | 295.40M | 230.37M | 119.00M | 1.54M |
| Accounts Receivable | 188.38M | 133.40M | 132.16M | 148.06M | 134.41M | 164.36M |
| Other Receivables | 10.65M | 12.09M | 13.80M | 9.08M | 9.98M | 10.59M |
| Receivables | 199.03M | 145.50M | 145.96M | 157.14M | 144.39M | 174.95M |
| Inventory | 169.98M | 158.60M | 148.88M | 149.70M | 145.95M | 148.49M |
| Other Current Assets | 61.14M | 55.13M | 39.79M | 32.95M | 43.41M | 44.37M |
| Total Current Assets | 837.35M | 799.73M | 630.04M | 570.17M | 452.75M | 369.35M |
| Property, Plant & Equipment | 3.14B | 2.90B | 2.72B | 2.44B | 2.23B | 2.14B |
| Long-Term Investments | 32.79M | 29.57M | 73.28M | 20.23M | 15.85M | 15.61M |
| Goodwill | 37.57M | 37.57M | 37.57M | 37.57M | 37.57M | 37.57M |
| Other Intangible Assets | 4.11M | 17.85M | 17.69M | 18.12M | 16.07M | 9.04M |
| Other Long-Term Assets | 243.35M | 176.27M | 172.86M | 161.31M | 148.09M | 179.51M |
| Total Assets | 4.29B | 3.96B | 3.65B | 3.24B | 2.90B | 2.75B |
| Accounts Payable | 131.05M | 93.61M | 113.57M | 94.43M | 104.40M | 135.09M |
| Accrued Expenses | 35.37M | 38.84M | 36.95M | 44.27M | 37.92M | 34.31M |
| Short-Term Debt | 53.85M | 60.24M | 69.61M | 81.42M | 8.20M | 91.16M |
| Current Portion of Long-Term Debt | 79.98M | 79.95M | 29.98M | |||
| Current Portion of Leases | 5.04M | 4.78M | 5.76M | 5.07M | 4.17M | |
| Current Income Taxes Payable | 14.24M | 18.46M | 17.31M | 26.59M | 19.34M | 19.25M |
| Other Current Liabilities | 176.08M | 54.82M | 67.57M | 57.29M | 62.70M | 73.74M |
| Total Current Liabilities | 490.57M | 350.96M | 309.79M | 309.76M | 237.64M | 387.70M |
| Long-Term Debt | 1.13B | 963.57M | 943.73M | 824.06M | 823.82M | 734.01M |
| Long-Term Leases | 21.85M | 23.57M | 11.26M | 13.88M | 15.31M | |
| Pension & Post-Retirement Benefits | 74.45M | 73.38M | 70.76M | 72.08M | 80.19M | 140.45M |
| Long-Term Deferred Tax Liabilities | 426.77M | 445.67M | 413.12M | 388.47M | 368.70M | 334.37M |
| Other Long-Term Liabilities | 292.05M | 247.10M | 222.61M | 193.94M | 160.13M | 152.21M |
| Total Liabilities | 2.42B | 2.10B | 1.98B | 1.80B | 1.68B | 1.76B |
| Common Stock | 209.93M | 209.53M | 209.14M | 208.55M | 208.16M | 207.76M |
| Additional Paid-In Capital | 432.75M | 434.19M | 429.09M | 426.96M | 423.03M | 419.76M |
| Retained Earnings | 1.23B | 1.22B | 1.03B | 806.34M | 585.21M | 369.78M |
| Comprehensive Income & Other | 143.00K | 470.00K | 532.00K | 1.15M | 915.00K | -6.52M |
| Shareholders' Equity | 1.88B | 1.86B | 1.67B | 1.44B | 1.22B | 990.78M |
| Total Liabilities & Equity | 4.29B | 3.96B | 3.65B | 3.24B | 2.90B | 2.75B |
| Total Debt | 1.27B | 1.13B | 1.04B | 922.50M | 850.97M | 874.64M |
| Net Cash (Debt) | -933.01M | -690.15M | -746.29M | -692.12M | -731.98M | -873.10M |
| Net Cash Per Share | -22.15 | -16.39 | -17.74 | -16.46 | -17.46 | -20.88 |
| Filing Date Shares Outstanding | 41.99M | 41.95M | 41.83M | 41.71M | 41.63M | 41.61M |
| Total Common Shares Outstanding | 41.99M | 41.91M | 41.83M | 41.71M | 41.63M | 41.55M |
| Working Capital | 346.79M | 448.77M | 320.25M | 260.41M | 215.12M | -18.34M |
| Book Value Per Share | 44.70 | 44.43 | 39.89 | 34.60 | 29.24 | 23.84 |
| Tangible Book Value | 1.84B | 1.81B | 1.61B | 1.39B | 1.16B | 944.16M |
| Tangible Book Value Per Share | 43.71 | 43.10 | 38.57 | 33.26 | 27.95 | 22.72 |
| Land | 13.58M | 13.58M | 13.60M | 13.65M | 13.65M | |
| Buildings | 114.38M | 88.68M | 64.75M | 61.51M | 56.91M | |
| Machinery | 3.46B | 3.65B | 3.44B | 3.22B | 3.06B | 2.96B |
| Construction In Progress | 415.83M | 246.37M | 272.43M | 175.27M | 129.10M | 91.54M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 195.07M | 275.89M | 301.66M | 294.19M | 284.18M | 176.77M |
| Depreciation & Amortization | 115.77M | 113.81M | 104.12M | 96.65M | 91.20M | 90.86M |
| Other Amortization | 4.30M | 4.30M | 3.00M | 1.30M | 1.40M | 500.00K |
| Loss (Gain) From Sale of Investments | -6.84M | -6.70M | -5.48M | -7.22M | 3.30M | -4.52M |
| Stock-Based Compensation | 10.25M | 9.12M | 9.53M | 7.75M | 6.81M | 6.91M |
| Other Operating Activities | 104.36M | 28.48M | 19.76M | 12.34M | 10.21M | 18.82M |
| Change in Accounts Receivable | -18.21M | 468.00K | 11.18M | -12.75M | 30.56M | -60.99M |
| Change in Inventory | -15.21M | -4.75M | 3.69M | -2.45M | 5.34M | -54.31M |
| Change in Accounts Payable | 14.56M | -24.12M | 14.83M | -9.99M | -29.76M | 38.73M |
| Change in Other Net Operating Assets | 5.26M | -10.51M | -9.56M | 24.67M | -13.92M | 18.49M |
| Operating Cash Flow | 409.32M | 385.99M | 452.73M | 404.50M | 389.31M | 231.24M |
| Capital Expenditures | -488.58M | -288.07M | -358.65M | -287.13M | -171.13M | -171.83M |
| Investment in Securities | -4.09M | -2.66M | -52.72M | -2.15M | -8.28M | -9.38M |
| Other Investing Activities | 2.37M | 4.35M | 9.70M | |||
| Investing Cash Flow | -490.30M | -290.72M | -411.37M | -289.29M | -175.07M | -171.51M |
| Short-Term Debt Issued | 73.22M | 10.17M | ||||
| Long-Term Debt Issued | 100.00M | 120.00M | 90.00M | 140.00M | ||
| Total Debt Issued | 170.00M | 100.00M | 120.00M | 73.22M | 90.00M | 150.17M |
| Short-Term Debt Repaid | -9.37M | -11.81M | -82.96M | |||
| Long-Term Debt Repaid | -30.00M | -140.17M | ||||
| Total Debt Repaid | 53.85M | -9.37M | -11.81M | -112.96M | -140.17M | |
| Net Debt Issued (Repaid) | 223.85M | 90.63M | 108.19M | 73.22M | -22.96M | 10.00M |
| Issuance of Common Stock | 696.00K | |||||
| Repurchase of Common Stock | -3.97M | -3.13M | -6.46M | -3.09M | -2.94M | -1.51M |
| Common Dividends Paid | -92.56M | -88.06M | -78.27M | -73.06M | -68.75M | -64.86M |
| Other Financing Activities | -1.68M | -3.15M | -549.00K | -904.00K | -2.12M | -3.68M |
| Financing Cash Flow | 125.63M | -3.72M | 22.92M | -3.83M | -96.78M | -59.36M |
| Net Cash Flow | 44.64M | 91.54M | 64.28M | 111.38M | 117.46M | 374.00K |
| Free Cash Flow | -79.27M | 97.92M | 94.08M | 117.36M | 218.18M | 59.41M |
| Free Cash Flow Margin | -6.03% | 7.51% | 7.07% | 8.70% | 14.94% | 4.96% |
| Free Cash Flow Per Share | -1.88 | 2.33 | 2.24 | 2.79 | 5.20 | 1.42 |
| Levered Free Cash Flow | -165.23M | -26.48M | -6.49M | 30.02M | 146.50M | -25.35M |
| Unlevered Free Cash Flow | -134.31M | 3.03M | 19.64M | 53.57M | 169.01M | -1.74M |
| Cash Interest Paid | 45.70M | 45.70M | 39.48M | 36.96M | 35.70M | 36.88M |
| Cash Income Tax Paid | 11.09M | 11.09M | 57.61M | 46.28M | 43.41M | 8.45M |
| Change in Working Capital | -13.60M | -38.91M | 20.14M | -518.00K | -7.79M | -58.09M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.84B | 3.39B | 3.09B | 3.54B | 2.44B | 2.97B |
| Enterprise Value | 4.77B | 4.05B | 3.82B | 4.23B | 3.19B | 3.83B |
| Last Close Price | 90.35 | 79.26 | 70.57 | 79.48 | 53.67 | 63.60 |
| PE Ratio | 19.74 | 12.27 | 10.24 | 12.05 | 8.60 | 16.78 |
| Forward PE | 15.95 | 13.26 | 11.67 | 17.15 | 14.95 | 20.56 |
| PS Ratio | 2.89 | 2.60 | 2.32 | 2.63 | 1.67 | 2.48 |
| PB Ratio | 2.02 | 1.82 | 1.85 | 2.46 | 2.01 | 2.99 |
| P/TBV Ratio | 2.07 | 1.88 | 1.92 | 2.56 | 2.10 | 3.14 |
| P/FCF Ratio | 34.58 | 32.83 | 30.20 | 11.20 | 49.93 | |
| P/OCF Ratio | 9.29 | 8.77 | 6.82 | 8.76 | 6.28 | 12.83 |
| PEG Ratio | 1.62 | 1.95 | 2.45 | 2.23 | 3.50 | |
| EV/Sales Ratio | 3.60 | 3.11 | 2.87 | 3.14 | 2.19 | 3.20 |
| EV/EBITDA Ratio | 10.59 | 8.75 | 7.73 | 8.72 | 6.62 | 11.31 |
| EV/EBIT Ratio | 14.29 | 11.61 | 9.80 | 10.89 | 8.16 | 15.45 |
| EV/FCF Ratio | 41.36 | 40.60 | 36.05 | 14.64 | 64.43 | |
| Debt / Equity Ratio | 0.68 | 0.61 | 0.62 | 0.64 | 0.70 | 0.88 |
| Debt / EBITDA Ratio | 2.77 | 2.39 | 2.06 | 1.86 | 1.73 | 2.53 |
| Debt / FCF Ratio | 11.55 | 11.07 | 7.86 | 3.90 | 14.72 | |
| Net Debt / Equity Ratio | 0.50 | 0.37 | 0.45 | 0.48 | 0.60 | 0.88 |
| Net Debt / EBITDA Ratio | 2.09 | 1.49 | 1.51 | 1.43 | 1.52 | 2.58 |
| Net Debt / FCF Ratio | -11.77 | 7.05 | 7.93 | 5.90 | 3.35 | 14.70 |
| Asset Turnover | 0.33 | 0.34 | 0.39 | 0.44 | 0.52 | 0.45 |
| Inventory Turnover | 4.73 | 4.82 | 5.01 | 5.30 | 6.04 | 6.42 |
| Quick Ratio | 1.09 | 1.67 | 1.43 | 1.25 | 1.11 | 0.46 |
| Current Ratio | 1.71 | 2.28 | 2.03 | 1.84 | 1.91 | 0.95 |
| Return on Equity (ROE) | 10.69% | 15.63% | 19.39% | 22.12% | 25.74% | 18.99% |
| Return on Assets (ROA) | 5.14% | 5.73% | 7.07% | 7.90% | 8.65% | 5.80% |
| Return on Invested Capital (ROIC) | 11.62% | 12.03% | 14.09% | 15.40% | 16.32% | 11.43% |
| Return on Capital Employed (ROCE) | 8.70% | 9.70% | 11.70% | 13.20% | 14.70% | 10.50% |
| Earnings Yield | 5.07% | 8.15% | 9.77% | 8.30% | 11.63% | 5.96% |
| FCF Yield | -2.08% | 2.89% | 3.05% | 3.31% | 8.93% | 2.00% |
| Dividend Yield | 2.54% | 2.60% | 2.53% | 2.06% | 2.81% | 2.19% |
| Payout Ratio | 49.88% | 31.92% | 25.95% | 24.83% | 24.19% | 36.69% |
| Buyback Yield / Dilution | -0.07% | -0.11% | -0.08% | -0.26% | -0.27% | -2.23% |
| Total Shareholder Return | 2.48% | 2.49% | 2.46% | 1.80% | 2.54% | -0.05% |