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Otter Tail Corporation

OTTR Industrials Conglomerates

Otter Tail Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 1.99% from fiscal 2024.

Revenue
+0.40%
EPS
−109.7%
Free cash flow
−145.6%
Total debt
+21.4%

Quarter to June 2026, against a year earlier

91.82 1.47 +1.63%
Market cap
$3.8B
P/E
19.4×
Fwd P/E
21.9×
Dividend yield
2.50%
F-score
5/9
Altman Z
2.15
Beneish M
−2.70
Dividend safety
81/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.39
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 2 — — —
Insider Ownership 9.02%

Capital & Financial Ratios $m

Size
Market Cap 3,790.00
Revenue ttm 1,315.07
Net income ttm 195.07
Free cash flow ttm (69.97)
Net debt Q 859.51
Valuation
P/E 19.39
Forward P/E 21.90
Price / sales 2.88
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.02
Financial health
Current ratio Q 1.71 (at or above 1.5: strong)
Debt / equity Q 0.67
Interest coverage Q (1.88)
Growth
Revenue growth Q +0.40% (above 0%: growing)
Operating income growth Q −124.83% (below 0%: shrinking)
EPS, this year −7.25% (below 0%: weak)
EPS, next year A −14.07% (below 0%: weak)
Revenue, next year A +1.22%
EPS, past 5 yrs +22.86% (at or above 15%: strong)
EPS, next 5 yrs A −15.02% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 2.9×; over the ten years it ranged from 2.1× in 2016 to 3.5× in 2026.
P/E against its own 10 years 58.83%
10-year low 10-year high
P/S against its own 10 years 97.76%
10-year low 10-year high
P/B against its own 10 years 28.35%
10-year low 10-year high
EV/Sales against its own 10 years 98.53%
10-year low 10-year high

Dividends raised 8 years running

Yield
2.50%
Annual rate
2.26
Payout ratio
48.7%
Growth, 2016–25
+3.34%/yr
  1. 1.56 ’16
  2. 1.28 ’17 −18%
  3. 1.34 ’18 +5%
  4. 1.40 ’19 +4%
  5. 1.48 ’20 +6%
  6. 1.56 ’21 +5%
  7. 1.65 ’22 +6%
  8. 1.75 ’23 +6%
  9. 1.87 ’24 +7%
  10. 2.10 ’25 +12%
  11. 2.30 ’26e +10%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 230 295 441 407
Receivables 136 124 121 199
Inventory 150 149 159 170
Other 54 62 80 61
570 630 800 837
2023 2024 2025 Q'26
Payables 94 114 94 131
ST’ Debt 81 70 140 134
Other 69 75 63 179
310 310 351 491

Compound Annual Growth %

10y 5y 3y
Sales 5.28% 7.94% (3.70%)
Cash Flow 12.63% 12.74% (0.29%)
Earnings 16.61% 23.55% (0.98%)
Book Value 11.90% 16.41% 15.21%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.48 Actual 1.66

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.80 1.86 Beat by 0.06
Q4 FY25 1.16 1.23 Beat by 0.07
Q1 FY26 1.34 1.73 Beat by 0.39
Q2 FY26 1.48 1.66 Beat by 0.18
Q3 FY26 1.57 — Reports 2 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.73 (0.18) — — —
’25 1.62 1.85 1.86 1.23 6.55
’24 1.77 2.07 2.03 1.30 7.17
’23 1.49 1.95 2.19 1.37 7.00
’22 1.72 2.05 2.01 1.00 6.78
’21 0.73 1.01 1.26 1.23 4.23
’20 0.60 0.42 0.87 0.45 2.34
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 347 334 — — —
’25 337 333 326 308 1,304
’24 347 342 338 303 1,331
’23 339 338 358 314 1,349
’22 375 400 384 301 1,460
’21 262 286 316 333 1,197
’20 235 193 236 227 890
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 71 112 — — —
’25 39 120 130 97 386
’24 72 152 99 130 453
’23 56 129 134 86 404
’22 45 130 112 101 389
’21 15 53 86 76 231
’20 22 52 67 71 212
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (112) (25) — — —
’25 (17) 55 43 24 105
’24 0 53 17 33 103
’23 (42) 77 57 30 124
’22 18 90 61 54 223
’21 (32) 28 47 26 69
’20 (51) 9 (33) (80) (155)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 804 849 916 920 890 1,197 1,460 1,349 1,331 1,304 1,315 +5.5% 1,320 1,353 1,401 +2.4%
Gross margin, % 48.57 48.07 46.56 47.10 50.88 48.77 51.49 56.07 58.14 57.34 56.91 +8.8 pt
EBT 83 100 97 104 116 213 358 363 367 322 201 +16.3%
EBT margin, % 10.27 11.74 10.58 11.34 13.04 17.78 24.49 26.94 27.57 24.71 15.32 +14.4 pt
Net income 62 72 82 87 96 177 284 294 302 276 195 +18.0%
Per share, $
Per share, $ Revenue 20.85 21.53 23.14 23.15 21.86 28.85 35.11 32.38 31.85 31.15 31.34 +4.6%
Earnings 1.62 1.84 2.08 2.19 2.35 4.26 6.83 7.06 7.22 6.59 4.66 +16.9%
Cash flow 4.24 4.40 3.62 4.66 5.21 5.57 9.36 9.71 10.84 9.22 9.76 +9.0%
Capex (4.06) (3.25) (2.60) (5.01) (9.00) (3.91) (4.01) (6.74) (8.37) (6.72) (11.42) +5.8%
Free cash flow 0.18 1.14 1.02 (0.35) (3.80) 1.67 5.35 2.97 2.46 2.50 (1.67) +33.9%
Book value 17.38 17.66 18.41 19.67 21.39 23.88 29.27 34.63 39.94 44.47 44.74 +11.0%
Shares, m 39 39 40 40 41 41 42 42 42 42 42 +0.9%
Valuation, ×
Valuation, × P/E 24.51 23.80 23.87 23.53 18.13 16.80 8.64 12.12 10.24 12.24 19.39 17.4
P/S 1.90 2.03 2.15 2.22 1.95 2.48 1.68 2.65 2.32 2.59 2.88 2.2
P/B 2.28 2.48 2.70 2.61 1.99 2.99 2.02 2.47 1.85 1.82 2.02 2.3
EV/Sales 2.63 2.73 2.81 2.95 2.90 3.19 2.17 3.15 2.86 3.10 3.54 2.8
EV/FCF 303.15 51.27 63.70 (196.38) (16.68) 55.22 14.23 34.35 36.95 38.59 (66.46) 38.4
Cash, $m
Cash, $m Operating cash flow 163 174 143 185 212 231 389 404 453 386 409 +10.0%
Capex (156) (128) (103) (199) (367) (162) (167) (281) (350) (281) (479) +6.7%
Free cash flow 7 45 40 (14) (155) 69 223 124 103 105 (70) +35.2%
Balance, $m
Balance, $m Working capital (8) (18) 71 65 (202) (18) 215 260 320 449 347 n/m
Net debt 581 587 608 675 844 854 713 675 718 663 860 +1.5%
Shareholders’ equity 670 697 729 781 871 991 1,217 1,443 1,668 1,862 1,877 +12.0%
Returns, %
Returns, % ROA 3.34 3.70 4.06 4.02 3.95 6.63 10.05 9.58 8.75 7.24 4.84 +3.9 pt
ROIC 5.82 6.44 6.05 5.79 5.39 8.46 12.64 11.15 9.96 8.56 5.15 +2.7 pt
ROE 9.77 10.60 11.55 11.50 11.60 18.99 25.74 22.12 19.39 15.63 10.68 +5.9 pt
People
People Employees 682 668 669 654 2,074 2,487 2,422 2,655 2,133 2,198 — +13.9%
Revenue/emp, $m 1.18 1.27 1.37 1.41 0.43 0.48 0.60 0.51 0.62 0.59 — (7.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Otter Tail Corporation vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMI Valmont Industries, Inc. $8.1B 16.3× 18.2× +6.49% (above 0%: growing) n/m −16.58% (below 0%: shrinking) 30.47% 14.85% Compare
BBUC Brookfield Business Partners L.P. $5.9B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
GHC Graham Holdings Company $5.0B 9.3× 15.5× +7.13% (above 0%: growing) +677.34% (above 0%: growing) −58.54% (below 0%: shrinking) 30.10% 6.42% Compare
PAM Pampa Energia S.A. $3.9B 6.9× 7.2× +53.50% (above 0%: growing) +358.57% (above 0%: growing) +82.43% (above 0%: growing) 35.39% 25.20% Compare
OTTR Otter Tail Corporation $3.8B 19.4× 21.9× +0.40% (above 0%: growing) n/m −145.61% (below 0%: shrinking) 57.45% (7.24%)
SEB Seaboard Corporation $3.7B 5.9× — (loss-making) +17.82% (above 0%: growing) +51.82% (above 0%: growing) −11.29% (below 0%: shrinking) 7.56% 3.42% Compare
DLX Deluxe Corporation $1.0B 10.3× 9.3× −4.22% (below 0%: shrinking) −18.00% (below 0%: shrinking) +110.79% (above 0%: growing) 51.99% 11.16% Compare
CODI Compass Diversified Holdings $838.9M — (loss-making) — (loss-making) −11.42% (below 0%: shrinking) n/m +150.97% (above 0%: growing) 47.16% 6.83% Compare
FBYD Falcon's Beyond Global, Inc. $837.9M — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
Median of peers $3.8B 9.3× 12.4× +6.81% +51.82% +35.57% 32.93% 9.00%

All 29 Conglomerates stocks →

Pay and ownership Proxy statement filed 2 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.79m 7.77m 219.89
2024 6.39m 4.77m 193.56
2023 5.82m 12.14m 215.82
2022 5.06m 3.65m 145.77
2021 4.73m 11.07m 108.39

Ownership

Directors and executive officers, together 2.00%
BlackRock, Inc.1055 East 15.70%
The Vanguard Group11100 Vanguard BoulevardMalvern, PA 12.00%
Cascade Investment, LLC122365 Carillon PointKirkland, WA 7.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Otter Tail Corporation (OTTR) Latest News

28 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · Investing.com

10 Aug

Impact 3 · · The Motley Fool transcript

4 Aug

Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

3 Aug

Impact 3 ·

15 May

Impact 3 · · Business Wire

8 May

Impact 4 · · Simply Wall St.

5 May

Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 3 · · The Motley Fool transcript

4 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 ·

27 Apr

Impact 3 · · Simply Wall St.

25 Apr

Impact 3 · · Insider Monkey

16 Apr

Impact 3 · · Simply Wall St.

14 Apr

Impact 3 · · Business Wire

1 Apr

Impact 4 · · Zacks

10 Mar

Impact 3 · · Business Wire

17 Feb

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · Associated Press Finance
Impact 3 · · GuruFocus.com

16 Feb

Impact 4 · · Business Wire

28 Jan

Impact 3 · · Simply Wall St.
stockrow.com/OTTR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com