OTTRNasdaqElectric ServicesFiscal year ends December 31
Otter Tail Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$88.87−1.26 (-1.40%)
Close on Oct 19, 2026
- Market cap
- $3.73B
- P/E (TTM)
- 19.2
- Dividend yield
- 2.36%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
69.0%+6.3 pts over 5 years
Operating margin
26.6%+9.9 pts over 5 years
Net margin
21.2%+10.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.3% | -4.0% | +8.0% | +5.2% | |
| Gross profit | +0.2% | -1.1% | +10.1% | – | |
| Operating income | -9.1% | -4.0% | +18.5% | +12.2% | |
| Net income | -8.5% | -1.0% | +23.5% | +16.6% | |
| EPS, diluted | -8.6% | -1.1% | +22.9% | +15.3% | |
| Free cash flow | +4.1% | -23.4% | – | – | |
| Dividend per share | +12.3% | +8.4% | +7.2% | +5.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.8% | 11.6% | 15.6% | |
| Return on assets | 3.3% | 4.0% | 7.2% | |
| Current ratio | 0.96 | 0.54 | 2.28 | |
| Debt to equity | 0.87 | 0.97 | – | |
| Net debt to EBITDA | 3.06× | 3.67× | – | |
| Interest coverage | – | 4.3× | 7.3× | |
| Inventory turnover | – | 3.5× | 2.6× | |
| Capex to revenue | 20.1% | 42.1% | 22.2% | |
| Diluted shares | 39M | 41M | 42M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Otter Tail generated $1.86B from operations and spent $1.65B on capital expenditure, dividends and share buybacks. 77% of that went back into the business.
Generated
$1.86B
Used
$1.65B
Capital expenditure$1.28B77%Dividends$373.01M23%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.2%
×Asset turnover0.34×
×Equity multiplier2.16×
=Return on equity, FY202515.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 21.2% | 0.34× | 2.16× | 15.6% |
| FY2024 | 22.7% | 0.39× | 2.22× | 19.4% |
| FY2023 | 21.7% | 0.44× | 2.31× | 22.1% |
| FY2022 | 19.3% | 0.52× | 2.56× | 25.7% |
| FY2021 | 14.8% | 0.45× | 2.86× | 19.0% |
| FY2020 | 10.9% | 0.36× | 2.94× | 11.6% |
| FY2019 | 9.4% | 0.43× | 2.86× | 11.5% |
| FY2018 | 9.0% | 0.45× | 2.85× | 11.6% |
| FY2017 | 8.5% | 0.43× | 2.87× | 10.6% |
| FY2016 | 7.8% | 0.43× | 2.93× | 9.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$275.89M
- Cash generatingOperating cash flow above zero$385.99M
- Return on assets improvedROA up on the prior year9.3% → 7.6%
- Earnings backed by cashOperating cash flow above net income$385.99M vs $275.89M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.03 → 2.28
- No dilutionShare count did not rise42M → 42M
- Gross margin improvedGross margin up on the prior year67.33% → 69.02%
- More efficientAsset turnover rose0.41 → 0.36