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Unitil Corporation

UTL Utilities Utilities Diversified

Unitil Corporation’s revenue for fiscal 2025 (year ended December 2025) was $536.0 million, up 8.33% from fiscal 2024.

Revenue
+11.4%
EPS
−314.5%
Free cash flow
+14.4%
Total debt
+11.1%

Quarter to September 2026, against a year earlier

56.71 0.17 +0.30%
Market cap
$1.1B
P/E
18.3×
Fwd P/E
16.9×
Dividend yield
3.31%
F-score
5/9
Altman Z
0.75
Beneish M
−2.33
Dividend safety
45/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 1,050.00
Revenue ttm 608.00
Net income ttm 55.40
Free cash flow ttm (39.90)
Net debt Q 731.80
Valuation
P/E 18.25
Forward P/E 16.90
Price / sales 1.69
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.60
Financial health
Current ratio Q 0.50 (below 1: weak)
Debt / equity Q 1.16
Interest coverage Q 0.62
Growth
Revenue growth Q +11.37% (above 0%: growing)
Operating income growth Q −2.86% (below 0%: shrinking)
EPS, this year +3.56%
EPS, next year A +6.26%
Revenue, next year A +16.51% (at or above 10%: strong)
EPS, past 5 yrs +6.68%
EPS, next 5 yrs A +5.35%

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 2.9×, against a ten-year median of 2.6×; over the ten years it ranged from 2.0× in 2023 to 3.2× in 2025.
P/E against its own 10 years 23.47%
10-year low 10-year high
P/S against its own 10 years 61.13%
10-year low 10-year high
P/B against its own 10 years 22.44%
10-year low 10-year high
EV/Sales against its own 10 years 80.16%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.31%
Annual rate
1.88
Payout ratio
60.4%
Growth, 2018–26
+3.35%/yr
  1. 1.46 ’18
  2. 1.48 ’19 +1
  3. 1.50 ’20 +1
  4. 1.52 ’21 +1
  5. 1.56 ’22 +3
  6. 1.62 ’23 +4
  7. 1.70 ’24 +5
  8. 1.80 ’25 +6
  9. 1.90 ’26 +6
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 6 16 13
Receivables 84 81 108 86
Inventory 15 15 17 17
Other 63 77 87 67
177 189 240 199
2023 2024 2025 Q'26
Payables 48 50 63 47
ST’ Debt 5 5 38 9
Other 38 48 46 59
277 229 426 395

Compound Annual Growth %

10y 5y 3y
Sales 2.30% 5.07% (1.64%)
Cash Flow 1.33% 11.64% 10.35%
Earnings 6.61% 9.16% 6.42%
Book Value 7.98% 9.39% 9.24%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY25 Estimate −0.03 Actual 0.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY24 0.95 0.97 Beat by 0.02
Q1 FY25 1.78 1.74 Miss by 0.04
Q2 FY25 0.28 0.29 Beat by 0.01
Q3 FY25 −0.03 0.03 Beat by 0.06

EPS $

Mar Jun Sep Dec Year
’26 1.85 0.26 (0.08) — —
’25 1.69 0.25 (0.02) 1.08 2.97
’24 1.69 0.27 0.00 0.97 2.93
’23 1.51 0.25 0.09 0.97 2.82
’22 1.35 0.30 0.03 0.91 2.59
’21 1.26 0.18 0.00 0.93 2.35
’20 1.02 0.21 0.02 0.90 2.15
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 217 117 113 — —
’25 171 103 101 162 536
’24 179 96 93 128 495
’23 220 103 104 130 557
’22 193 99 110 162 563
’21 139 97 98 140 473
’20 130 84 87 117 419
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 50 56 35 — —
’25 52 42 16 21 131
’24 27 50 26 23 126
’23 15 47 16 28 107
’22 29 42 12 15 98
’21 48 37 12 12 108
’20 28 30 17 1 76
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 12 (33) — —
’25 20 2 (39) (36) (54)
’24 6 13 (31) (32) (44)
’23 (7) 12 (19) (19) (34)
’22 14 12 (25) (25) (24)
’21 34 8 (27) (22) (7)
’20 11 (2) (28) (28) (47)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
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 Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 383 406 444 438 419 473 563 557 495 536 608 +3.8% 625 605 631 +5.6%
Gross margin, % 51.59 51.18 48.07 49.06 51.48 48.70 43.09 46.42 55.42 58.53 56.51 +6.9 pt
EBT 43 47 41 58 42 48 53 58 61 66 73 +4.9%
EBT margin, % 11.09 11.45 9.32 13.24 10.13 10.06 9.34 10.48 12.35 12.22 12.02 +1.1 pt
Net income 27 29 33 44 32 36 41 45 47 50 55 +7.1%
Per share, $
Per share, $ Revenue 27.39 28.81 30.01 29.41 27.91 30.73 35.20 34.82 30.73 31.90 33.59 +1.7%
Earnings 1.94 2.06 2.23 2.97 2.15 2.35 2.59 2.82 2.93 2.97 3.11 +4.8%
Cash flow 4.88 6.11 5.30 7.04 5.05 7.00 6.11 6.69 7.82 7.82 8.96 +5.4%
Capex (7.01) (8.46) (6.92) (8.00) (8.17) (7.47) (7.63) (8.81) (10.55) (11.02) (11.17) +5.2%
Free cash flow (2.13) (2.35) (1.61) (0.96) (3.13) (0.47) (1.52) (2.12) (2.73) (3.20) (2.20) +4.6%
Book value 20.94 23.89 23.74 25.29 25.95 29.12 29.23 30.58 31.83 36.29 35.39 +6.3%
Shares, m 14 14 15 15 15 15 16 16 16 17 18 +2.0%
Valuation, ×
Valuation, × P/E 23.57 21.77 22.71 20.81 20.59 19.41 19.55 18.91 18.49 16.15 18.25 20.2
P/S 1.67 1.56 1.69 2.10 1.59 1.50 1.44 1.53 1.76 1.52 1.69 1.6
P/B 2.19 1.88 2.13 2.45 1.71 1.58 1.73 1.74 1.70 1.34 1.60 1.8
EV/Sales 2.55 2.55 2.58 3.13 2.84 2.55 2.30 2.44 3.05 2.74 2.89 2.7
EV/FCF (32.76) (31.28) (48.01) (96.01) (25.37) (167.74) (53.15) (40.02) (34.31) (27.30) (44.07) (55.6)
Cash, $m
Cash, $m Operating cash flow 68 86 79 105 76 108 98 107 126 131 162 +7.5%
Capex (98) (119) (102) (119) (123) (115) (122) (141) (170) (185) (202) +7.3%
Free cash flow (30) (33) (24) (14) (47) (7) (24) (34) (44) (54) (40) +6.8%
Balance, $m
Balance, $m Working capital (45) 0 (40) (29) 3 (14) (65) (100) (40) (186) (196) +17.0%
Net debt 336 403 398 452 526 500 487 508 637 655 732 +7.7%
Shareholders’ equity 293 337 351 377 389 449 468 489 513 610 641 +8.5%
Returns, %
Returns, % ROA 2.50 2.45 2.60 3.31 2.26 2.39 2.64 2.77 2.72 2.54 2.61 0.0 pt
ROIC 6.97 6.37 5.94 5.51 4.88 5.13 5.27 5.46 4.93 5.00 5.14 (2.0) pt
ROE 9.42 9.21 9.60 12.15 8.41 8.62 9.04 9.45 9.41 8.90 8.91 (0.5) pt
People
People Employees 498 510 520 513 512 508 516 531 544 595 — +2.0%
Revenue/emp, $m 0.77 0.80 0.85 0.85 0.82 0.93 1.09 1.05 0.91 0.90 — +1.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Unitil Corporation vs peers in Utilities Diversified (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
SRE Sempra $52.2B 17.1× 16.4× +1.27% (above 0%: growing) +1,016.67% (above 0%: growing) +25.78% (above 0%: growing) 0.00% 0.00% Compare
BIP Brookfield Infrastructure Partners LP $24.5B 61.0× 39.9× +19.40% (above 0%: growing) n/m +17.47% (above 0%: growing) 24.53% 22.77% Compare
AES The AES Corporation $10.6B 6.0× 7.3× +15.55% (above 0%: growing) −16.96% (below 0%: shrinking) +39.92% (above 0%: growing) 25.36% 13.04% Compare
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR $7.8B 15.1× — — +100.00% (above 0%: growing) — — — Compare
AVA Avista Corporation $3.4B 13.6× 14.2× +4.47% (above 0%: growing) +62.50% (above 0%: growing) −237.84% (below 0%: shrinking) 100.00% 15.68% Compare
UTL Unitil Corporation $1.1B 18.3× 16.9× +11.37% (above 0%: growing) n/m +14.36% (above 0%: growing) 59.59% 6.04%
Median of peers $10.6B 15.1× 15.3× +10.01% +81.25% +21.63% 24.95% 14.36%

All 6 Utilities Diversified stocks →

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.19m 2.30m 128.54
2024 2.57m 2.40m 102.83
2023 2.63m 2.34m 96.57
2022 1.49m 1.66m 91.49
2021 2.43m 2.22m 79.47

Ownership

Directors and executive officers, together 2.22%
50 Hudson Yards, New York, NY 16.30%
100 Vanguard Boulevard, Malvern, PA 7.08%
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

Unitil Corporation (UTL) Latest News

4 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat

3 Nov

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

2 Nov

Impact 3 · · GlobeNewswire

27 Oct

Impact 3 · · GlobeNewswire

24 Oct

Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · GlobeNewswire

20 Oct

Impact 3 · · Zacks

1 Sep

Impact 3 ·

10 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat

4 Aug

Impact 3 ·
Impact 3 · · Moby transcript

3 Aug

Impact 3 ·

2 Jul

Impact 4 · · seacoastonline.com

30 Jun

Impact 3 ·

11 May

Impact 3 · · Simply Wall St.

7 May

Impact 4 · · Simply Wall St.

5 May

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

4 May

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

7 Apr

Impact 3 · · utilitydive.com

11 Feb

Impact 4 · · MarketBeat

10 Feb

Impact 4 · · GuruFocus.com transcript

9 Feb

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance
stockrow.com/UTL · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com