UTLNYSEElectric & Other Services CombinedFiscal year ends December 31
UNITIL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$52.97−1.10 (-2.03%)
Close on Oct 19, 2026
- Market cap
- $948.38M
- P/E (TTM)
- 16.8
- Dividend yield
- 3.40%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
18.9%+1.8 pts over 5 years
Net margin
9.4%+1.7 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 | +8.3% | -1.6% | +5.1% | +2.3% | |
| Operating income | +11.7% | +7.9% | +7.2% | +4.8% | |
| Net income | +6.6% | +6.6% | +9.3% | +6.7% | |
| EPS, diluted | +1.4% | +4.7% | +6.7% | +4.6% | |
| Dividend per share | +5.9% | +4.9% | +3.7% | +2.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.4% | 8.4% | 8.9% | |
| Return on assets | 2.5% | 2.3% | 2.6% | |
| Current ratio | 0.74 | 1.02 | 0.56 | |
| Debt to equity | 1.42 | 1.51 | 1.52 | |
| Interest coverage | 3.0× | 2.7× | 2.3× | |
| Capex to revenue | 25.6% | 29.3% | 34.5% | |
| Diluted shares | 14M | 15M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Unitil generated $569.70M from operations and spent $865.60M on capital expenditure, dividends and share buybacks. 85% of that went back into the business.
Generated
$569.70M
Used
$865.60M
Capital expenditure$733.10M85%Dividends$132.50M15%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.4%
×Asset turnover0.27×
×Equity multiplier3.50×
=Return on equity, FY20258.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.4% | 0.27× | 3.50× | 8.9% |
| FY2024 | 9.5% | 0.29× | 3.46× | 9.4% |
| FY2023 | 8.1% | 0.34× | 3.41× | 9.4% |
| FY2022 | 7.4% | 0.36× | 3.42× | 9.0% |
| FY2021 | 7.6% | 0.31× | 3.60× | 8.6% |
| FY2020 | 7.7% | 0.29× | 3.72× | 8.4% |
| FY2019 | 10.1% | 0.33× | 3.67× | 12.1% |
| FY2018 | 7.4% | 0.35× | 3.69× | 9.6% |
| FY2017 | 7.1% | 0.34× | 3.76× | 9.2% |
| FY2016 | 7.1% | 0.35× | 3.76× | 9.4% |
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$50.20M
- Cash generatingOperating cash flow above zero$131.30M
- Return on assets improvedROA up on the prior year2.8% → 2.8%
- Earnings backed by cashOperating cash flow above net income$131.30M vs $50.20M
- Less leverageLong-term debt to assets fell35.6% → 29.6%
- Better liquidityCurrent ratio rose0.83 → 0.56
- No dilutionShare count did not rise16M → 17M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.30 → 0.30