UTL Financials UNITIL CORP

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 42 d ago Overview →

Growth & profitability

Revenue has grown 5.1% per year over the past 5 years.
Net income has grown faster than revenue (9.3% vs 5.1% per year).
Operating margin has expanded, at 18.9% in the latest year.

Financial health

Total debt ($926M) exceeds cash ($16M); net debt is $911M.
Total debt has grown faster than revenue (9.6% vs 5.1% per year).
Operating income covered interest expense 2.3× in the latest year, down from 2.7× 5 years ago.
Total debt is 9.2× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 60.0% of earnings.
The dividend has grown 5.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$536M	$50M	0.0%	18.9%	8.2%	2.4%	-$54M	$926M	$16M
2024	$495M	$47M	0.0%	18.3%	9.2%	2.6%	-$44M	$749M	$6M
2023	$557M	$45M	0.0%	15.6%	9.2%	2.7%	-$34M	$676M	$7M
2022	$563M	$41M	0.0%	14.3%	8.9%	2.6%	-$24M	$612M	$9M
2021	$473M	$36M	0.0%	16.4%	8.0%	2.3%	-$7M	$570M	$7M
2020	$419M	$32M	0.0%	17.1%	8.3%	2.2%	-$47M	$586M	$6M
2019	$438M	$44M	0.0%	16.7%	11.7%	3.2%	-$14M	$516M	$5M
2018	$444M	$33M	0.0%	16.0%	9.4%	2.5%	-$24M	$489M	$8M
2017	$406M	$29M	0.0%	18.6%	8.6%	2.3%	-$33M	$444M	$9M
2016	$383M	$27M	0.0%	18.3%	9.2%	2.4%	-$30M	$416M	$6M
2015	—	$26M	—	—	9.3%	2.5%	—	$365M	$9M
2014	—	$25M	—	—	9.0%	2.5%	—	$362M	$8M
2013	—	$22M	—	—	8.1%	2.3%	$7M	$348M	$9M
2012	—	$18M	—	—	7.0%	2.0%	-$2M	$337M	$10M
2011	—	$16M	—	—	8.6%	1.9%	-$11M	$376M	$8M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$117M	$5M	0.0%	13.2%	0.7%	0.2%	$12M	$956M	$9M
Mar '26	$217M	$33M	0.0%	25.8%	5.2%	1.5%	$18M	$927M	$17M
Dec '25	$162M	$19M	0.0%	21.5%	3.1%	0.9%	-$36M	$926M	$16M
Sep '25	$101M	-$300000	0.0%	6.9%	-0.1%	-0.0%	-$39M	$788M	$15M
Jun '25	$103M	$4M	0.0%	13.0%	0.8%	0.2%	$2M	$812M	$9M
Mar '25	$171M	$28M	0.0%	27.0%	5.1%	1.5%	$20M	$815M	$10M
Dec '24	$128M	$16M	0.0%	22.1%	3.0%	0.9%	-$32M	$749M	$6M
Sep '24	$93M	$0	0.0%	6.2%	0.0%	0.0%	-$31M	$708M	$6M
Jun '24	$96M	$4M	0.0%	13.0%	0.8%	0.3%	$13M	$669M	$3M
Mar '24	$179M	$27M	0.0%	24.7%	5.3%	1.6%	$6M	$683M	$6M
Dec '23	$130M	$16M	0.0%	21.5%	3.2%	0.9%	-$19M	$676M	$7M
Sep '23	$104M	$1M	0.0%	7.7%	0.3%	0.1%	-$20M	$646M	$6M
Jun '23	$103M	$4M	0.0%	11.4%	0.9%	0.3%	$12M	$625M	$7M
Mar '23	$220M	$24M	0.0%	17.9%	5.0%	1.5%	-$7M	$635M	$7M
Dec '22	$162M	$15M	0.0%	15.9%	3.1%	0.9%	-$25M	$612M	$9M
Sep '22	$110M	$500000	0.0%	6.5%	0.1%	0.0%	-$26M	$573M	$8M
Jun '22	$99M	$5M	0.0%	12.0%	1.1%	0.3%	$12M	$550M	$5M
Mar '22	$193M	$22M	0.0%	18.6%	4.6%	1.4%	$14M	$569M	$7M
Dec '21	$140M	$15M	0.0%	18.9%	3.2%	0.9%	-$22M	$570M	$7M
Sep '21	$98M	$0	0.0%	7.3%	0.0%	0.0%	-$28M	$542M	$9M

Valuation over time

How the market has priced UTL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 25.1× (Mar '23) to 19.5× (Sep '26).
The price-to-sales ratio has fallen from 1.8× (Mar '23) to 1.8× (Sep '26).
The dividend yield has risen from 2.4% (Mar '23) to 3.1% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is UTL growing its revenue and profit?

Over the past 5 years, UNITIL CORP's revenue has grown 5.1% per year, and net income grown 9.3% per year. These are computed facts, not advice.

How much debt does UTL have?

As of FY2025, UNITIL CORP reported $926M of total debt against $16M of cash; operating income covered interest expense 2.3×.

What is UTL's profit margin?

In FY2025, gross margin was —, operating margin 18.9%, and net margin 9.4%.

What is UTL's P/E ratio?

As of Sep '26, UNITIL CORP traded at a price-to-earnings ratio of about 19.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.