NYSE : UTL
Unitil Corporation — Financial statements
Utilities · Utilities - Diversified · United States
Last price 55.69 USD (Nov 2, 2026, 10:13 AM EST) · Market cap 1.02B
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Financial statements
Unitil Corporation (UTL) reported revenue of 596.50M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 596.50M | 536.00M | 494.80M | 557.10M | 563.20M | 473.30M |
| Revenue | 596.50M | 536.00M | 494.80M | 557.10M | 563.20M | 473.30M |
| Operations & Maintenance | 96.30M | 92.50M | 77.60M | 75.60M | 73.70M | 68.70M |
| Depreciation & Amortization | 92.70M | 88.70M | 76.10M | 67.40M | 62.60M | 59.50M |
| Other Operating Expenses | 293.15M | 251.90M | 248.59M | 325.60M | 346.13M | 268.26M |
| Total Operating Expenses | 482.15M | 433.10M | 402.29M | 468.60M | 482.43M | 396.46M |
| Operating Income | 114.35M | 102.90M | 92.51M | 88.50M | 80.77M | 76.84M |
| Interest Expense | -46.50M | -43.80M | -37.70M | -34.90M | -28.30M | -27.20M |
| Interest Income | 3.30M | 3.50M | 4.10M | 3.30M | 1.00M | 500.00K |
| Net Interest Expense | -43.20M | -40.30M | -33.60M | -31.60M | -27.30M | -26.70M |
| Allowance for Borrowed Funds for Construction | 3.70M | 3.60M | 4.30M | 2.90M | 1.80M | 1.10M |
| Other Non-Operating Income (Expenses) | -653.00K | -696.00K | -2.11M | -1.40M | -2.67M | -3.64M |
| EBT Excluding Unusual Items | 74.20M | 65.50M | 61.10M | 58.40M | 52.60M | 47.60M |
| Pretax Income | 74.70M | 65.50M | 61.10M | 58.40M | 52.60M | 47.60M |
| Income Tax Expense | 18.10M | 15.30M | 14.00M | 13.20M | 11.20M | 11.50M |
| Net Income | 56.60M | 50.20M | 47.10M | 45.20M | 41.40M | 36.10M |
| Preferred Dividends & Other Adjustments | 500.00K | 300.00K | ||||
| Net Income to Common | 56.10M | 49.90M | 47.10M | 45.20M | 41.40M | 36.10M |
| Shares Outstanding (Basic) | 17.63M | 16.79M | 16.10M | 16.05M | 15.99M | 15.37M |
| Shares Outstanding (Diluted) | 17.63M | 16.79M | 16.10M | 16.05M | 16.00M | 15.38M |
| EPS (Basic) | 3.18 | 2.97 | 2.93 | 2.82 | 2.59 | 2.35 |
| EPS (Diluted) | 3.18 | 2.97 | 2.93 | 2.82 | 2.59 | 2.35 |
| Free Cash Flow | -45.50M | -53.80M | -44.00M | -34.00M | -24.40M | -7.20M |
| Free Cash Flow Per Share | -2.58 | -3.21 | -2.73 | -2.12 | -1.52 | -0.47 |
| Dividend Per Share | 1.85 | 1.80 | 1.70 | 1.62 | 1.56 | 1.52 |
| Profit Margin | 9.40% | 9.31% | 9.52% | 8.11% | 7.35% | 7.63% |
| Free Cash Flow Margin | -7.63% | -10.04% | -8.89% | -6.10% | -4.33% | -1.52% |
| EBITDA | 207.05M | 191.60M | 168.61M | 155.90M | 143.37M | 136.34M |
| EBITDA Margin | 34.71% | 35.75% | 34.08% | 27.98% | 25.46% | 28.81% |
| D&A For EBITDA | 92.70M | 88.70M | 76.10M | 67.40M | 62.60M | 59.50M |
| EBIT | 114.35M | 102.90M | 92.51M | 88.50M | 80.77M | 76.84M |
| EBIT Margin | 19.17% | 19.20% | 18.70% | 15.88% | 14.34% | 16.24% |
| Effective Tax Rate | 24.23% | 23.36% | 22.91% | 22.60% | 21.29% | 24.16% |
| Revenue as Reported | 596.50M | 536.00M | 494.80M | 557.10M | 563.20M | 473.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.20M | 15.60M | 6.30M | 6.50M | 9.00M | 6.50M |
| Accounts Receivable | 79.80M | 107.50M | 82.30M | 81.90M | 80.10M | 80.70M |
| Inventory | 25.80M | 26.50M | 21.70M | 23.90M | 31.20M | 17.00M |
| Prepaid Expenses | 18.90M | 12.40M | 8.40M | 8.30M | 8.00M | 8.10M |
| Other Current Assets | 64.80M | 78.10M | 70.10M | 56.50M | 66.50M | 47.40M |
| Total Current Assets | 198.50M | 240.10M | 188.80M | 177.10M | 194.80M | 159.70M |
| Property, Plant & Equipment | 1.91B | 1.81B | 1.55B | 1.43B | 1.34B | 1.26B |
| Regulatory Assets | 39.10M | 38.80M | 41.90M | 53.10M | 47.80M | 108.90M |
| Goodwill | 6.80M | 4.30M | ||||
| Long-Term Investments | 6.40M | 6.10M | 6.30M | |||
| Other Long-Term Assets | 58.90M | 39.40M | 11.20M | 13.70M | 11.80M | 9.80M |
| Total Assets | 2.22B | 2.13B | 1.79B | 1.67B | 1.59B | 1.54B |
| Accounts Payable | 43.50M | 62.90M | 49.70M | 47.70M | 68.60M | 52.40M |
| Accrued Expenses | 10.30M | 10.20M | 9.10M | 6.60M | 600.00K | 500.00K |
| Short-Term Debt | 234.80M | 255.70M | 105.80M | 162.00M | 116.00M | 64.10M |
| Current Portion of Long-Term Debt | 40.80M | 37.90M | 4.90M | 4.90M | 6.70M | 8.20M |
| Current Portion of Leases | 2.30M | 2.30M | 1.90M | 2.00M | 1.60M | 1.70M |
| Current Income Taxes Payable | 10.30M | 1.90M | 400.00K | |||
| Other Current Liabilities | 62.50M | 56.80M | 57.30M | 52.20M | 66.20M | 46.60M |
| Total Current Liabilities | 404.50M | 425.80M | 228.70M | 277.30M | 260.10M | 173.50M |
| Long-Term Debt | 680.40M | 632.60M | 638.40M | 509.10M | 489.10M | 497.80M |
| Long-Term Leases | 4.60M | 5.30M | 5.30M | 4.10M | 2.90M | 3.30M |
| Pension & Post-Retirement Benefits | 33.80M | 32.90M | 25.50M | 45.60M | 46.80M | 133.90M |
| Long-Term Deferred Tax Liabilities | 197.30M | 196.70M | 186.10M | 176.10M | 163.40M | 127.70M |
| Other Long-Term Liabilities | 256.60M | 231.30M | 198.00M | 168.90M | 160.50M | 155.60M |
| Total Liabilities | 1.58B | 1.52B | 1.28B | 1.18B | 1.12B | 1.09B |
| Common Stock | 431.50M | 418.20M | 341.20M | 337.60M | 334.90M | 332.10M |
| Retained Earnings | 212.00M | 191.20M | 171.10M | 151.50M | 132.50M | 116.20M |
| Total Common Equity | 643.50M | 609.40M | 512.30M | 489.10M | 467.40M | 448.30M |
| Minority Interest | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Shareholders' Equity | 643.70M | 609.60M | 512.50M | 489.30M | 467.60M | 448.50M |
| Total Liabilities & Equity | 2.22B | 2.13B | 1.79B | 1.67B | 1.59B | 1.54B |
| Total Debt | 962.90M | 933.80M | 756.30M | 682.10M | 616.30M | 575.10M |
| Net Cash (Debt) | -953.70M | -918.20M | -750.00M | -675.60M | -607.30M | -568.60M |
| Net Cash Per Share | -54.09 | -54.70 | -46.59 | -42.11 | -37.97 | -36.98 |
| Filing Date Shares Outstanding | 18.24M | 17.98M | 16.25M | 16.16M | 16.08M | 15.98M |
| Total Common Shares Outstanding | 18.23M | 17.92M | 16.19M | 16.12M | 16.04M | 15.98M |
| Working Capital | -206.00M | -185.70M | -39.90M | -100.20M | -65.30M | -13.80M |
| Book Value Per Share | 35.31 | 34.01 | 31.64 | 30.35 | 29.13 | 28.06 |
| Tangible Book Value | 636.70M | 605.10M | 512.30M | 489.10M | 467.40M | 448.30M |
| Tangible Book Value Per Share | 34.93 | 33.77 | 31.64 | 30.35 | 29.13 | 28.06 |
| Machinery | 2.35B | 2.24B | 1.96B | 1.84B | 1.74B | 1.64B |
| Construction In Progress | 123.30M | 101.70M | 92.90M | 65.30M | 52.60M | 47.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 56.60M | 50.20M | 47.10M | 45.20M | 41.40M | 36.10M |
| Depreciation & Amortization | 92.70M | 88.70M | 76.10M | 67.40M | 62.60M | 59.50M |
| Change in Accounts Receivable | -14.90M | -18.70M | -14.00M | 8.20M | -18.50M | -15.20M |
| Change in Accounts Payable | 600.00K | 7.00M | 2.00M | -20.90M | 16.20M | 19.20M |
| Change in Other Net Operating Assets | 7.90M | -8.90M | 10.40M | 8.10M | -3.70M | 2.20M |
| Other Operating Activities | -100.00K | 13.00M | 4.30M | -1.00M | -300.00K | 6.00M |
| Operating Cash Flow | 142.80M | 131.30M | 125.90M | 107.00M | 97.70M | 107.80M |
| Capital Expenditures | -188.30M | -185.10M | -169.90M | -141.00M | -122.10M | -115.00M |
| Cash Acquisitions | -131.60M | -160.40M | ||||
| Investing Cash Flow | -319.90M | -345.50M | -169.90M | -141.00M | -122.10M | -115.00M |
| Short-Term Debt Issued | 149.90M | 46.00M | 51.90M | 9.40M | ||
| Long-Term Debt Issued | 32.10M | 135.00M | 25.30M | |||
| Total Debt Issued | 156.40M | 182.00M | 135.00M | 71.30M | 51.90M | 9.40M |
| Short-Term Debt Repaid | -56.20M | |||||
| Long-Term Debt Repaid | -4.90M | -4.90M | -6.90M | -10.50M | -25.90M | |
| Total Debt Repaid | -25.80M | -4.90M | -61.10M | -6.90M | -10.50M | -25.90M |
| Net Debt Issued (Repaid) | 130.60M | 177.10M | 73.90M | 64.40M | 41.40M | -16.50M |
| Issuance of Common Stock | 82.80M | 73.50M | 1.10M | 1.10M | 1.00M | 45.50M |
| Common Dividends Paid | -32.60M | -30.10M | -27.50M | -26.20M | -25.10M | -23.60M |
| Other Financing Activities | -3.00M | 3.00M | -3.70M | -7.80M | 9.60M | 2.30M |
| Financing Cash Flow | 177.80M | 223.50M | 43.80M | 31.50M | 26.90M | 7.70M |
| Net Cash Flow | 700.00K | 9.30M | -200.00K | -2.50M | 2.50M | 500.00K |
| Free Cash Flow | -45.50M | -53.80M | -44.00M | -34.00M | -24.40M | -7.20M |
| Free Cash Flow Margin | -7.63% | -10.04% | -8.89% | -6.10% | -4.33% | -1.52% |
| Free Cash Flow Per Share | -2.58 | -3.21 | -2.73 | -2.12 | -1.52 | -0.47 |
| Levered Free Cash Flow | -65.89M | -84.36M | -61.34M | -50.40M | -20.91M | -14.67M |
| Unlevered Free Cash Flow | -36.83M | -56.99M | -37.78M | -28.59M | -3.22M | 2.33M |
| Cash Interest Paid | 42.00M | 39.30M | 31.20M | 30.90M | 26.00M | 26.00M |
| Cash Income Tax Paid | 5.60M | 4.90M | 2.50M | 1.20M | 1.40M | |
| Change in Working Capital | -6.40M | -20.60M | -1.60M | -4.60M | -6.00M | 6.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.02B | 867.79M | 877.30M | 846.28M | 823.81M | 734.60M |
| Enterprise Value | 1.97B | 1.65B | 1.58B | 1.49B | 1.39B | 1.27B |
| PE Ratio | 17.55 | 17.39 | 18.63 | 18.72 | 19.90 | 20.35 |
| PS Ratio | 1.68 | 1.62 | 1.77 | 1.52 | 1.46 | 1.55 |
| PB Ratio | 1.57 | 1.42 | 1.71 | 1.73 | 1.76 | 1.64 |
| P/OCF Ratio | 7.01 | 6.61 | 6.97 | 7.91 | 8.43 | 6.81 |
| EV/Sales Ratio | 3.28 | 3.08 | 3.20 | 2.68 | 2.48 | 2.69 |
| EV/EBITDA Ratio | 9.44 | 8.61 | 9.39 | 9.57 | 9.72 | 9.34 |
| EV/EBIT Ratio | 17.10 | 16.02 | 17.12 | 16.86 | 17.26 | 16.57 |
| Debt / Equity Ratio | 1.50 | 1.53 | 1.48 | 1.39 | 1.32 | 1.28 |
| Debt / EBITDA Ratio | 4.60 | 4.82 | 4.43 | 4.32 | 4.25 | 4.16 |
| Net Debt / Equity Ratio | 1.48 | 1.51 | 1.46 | 1.38 | 1.30 | 1.27 |
| Net Debt / EBITDA Ratio | 4.61 | 4.79 | 4.45 | 4.33 | 4.24 | 4.17 |
| Net Debt / FCF Ratio | -20.96 | -17.07 | -17.05 | -19.87 | -24.89 | -78.97 |
| Quick Ratio | 0.22 | 0.29 | 0.39 | 0.32 | 0.34 | 0.50 |
| Current Ratio | 0.49 | 0.56 | 0.83 | 0.64 | 0.75 | 0.92 |
| Asset Turnover | 0.29 | 0.27 | 0.29 | 0.34 | 0.36 | 0.31 |
| Return on Equity (ROE) | 9.62% | 8.95% | 9.40% | 9.45% | 9.04% | 8.62% |
| Return on Assets (ROA) | 3.48% | 3.27% | 3.34% | 3.39% | 3.23% | 3.18% |
| Return on Capital Employed (ROCE) | 6.30% | 6.00% | 5.90% | 6.40% | 6.10% | 5.60% |
| Earnings Yield | 5.70% | 5.79% | 5.37% | 5.34% | 5.03% | 4.91% |
| FCF Yield | -4.54% | -6.20% | -5.01% | -4.02% | -2.96% | -0.98% |
| Dividend Yield | 3.40% | 3.72% | 3.14% | 3.08% | 3.04% | 3.31% |
| Payout Ratio | 59.71% | 59.96% | 58.39% | 57.97% | 60.63% | 65.37% |
| Buyback Yield / Dilution | -9.19% | -4.27% | -0.33% | -0.31% | -4.03% | -2.84% |
| Total Shareholder Return | -5.74% | -0.56% | 2.81% | 2.78% | -0.99% | 0.47% |