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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. In the quarter to June 2026, revenue grew 14.0%, EPS grew 4.00%, free cash flow grew 505.0% and total debt rose 12.6%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, operating cash flow growth for three.

54.07 0.74 +1.39%
Market cap
$972.6M
P/E
17.1×
Fwd P/E
15.7×
Dividend yield
3.47%
F-score
5/9
Altman Z
0.75
Beneish M
−2.33
Dividend safety
45/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.39%

Capital & Financial Ratios $m

Market Cap 972.56
Revenue 596.50
Net Income 56.60
Free Cash Flow (45.50)
Net Debt 712.00
Current Ratio 0.49 (below 1: weak)
Debt/Equity 1.12
P/E ratio 17.06
Fwd P/E 15.70
P/S ratio 1.62
P/B ratio 1.50
Past 5Y EPS Growth 6.68%
This Y EPS Growth 3.77%
Next Y EPS Growth 5.91%
Next Y revenue growth 16.49% (at or above 10%: strong)
Next 5Y EPS Growth 5.43%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, 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 11.54%
10-year low 10-year high
P/S against its own 10 years 48.03%
10-year low 10-year high
P/B against its own 10 years 12.38%
10-year low 10-year high
EV/Sales against its own 10 years 73.02%
10-year low 10-year high

Dividends

Payout Ratio 0.59
Annual Dividend Rate 1.88
Annual Dividend Yield 3.47%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.90
0.48
0.48
0.48
2025 1.80
0.45
0.45
0.45
0.45
2024 1.70
0.43
0.43
0.43
0.43
2023 1.62
0.41
0.41
0.41
0.41
2022 1.56
0.39
0.39
0.39
0.39
2021 1.52
0.38
0.38
0.38
0.38
2020 1.50
0.38
0.38
0.38
0.38
2019 1.48
0.37
0.37
0.37
0.37
2018 1.46
0.37
0.37
0.37
0.37
2017 1.44
0.36
0.36
0.36
0.36
2016 1.78
0.36
0.36
0.36
0.36
0.36
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7 6 16 9
Receivables 84 81 108 84
Inventory 15 15 17 17
Other 63 77 87 70
177 189 240 199
2023 2024 2025 Q'26
Payables 48 50 63 44
ST’ Debt 5 5 38 41
Other 38 48 46 53
277 229 426 405

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%

Revenue $m

Mar Jun Sep Dec Year
’26 217 117 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 1.85 0.26 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 34.70 43.03 40.92 47.05 32.80 38.02 44.02 41.43 45.26 44.61

Analyst estimates 2026–2028

Powerpack
High 46.00 52.84 53.07 64.53 65.76 59.32 61.10 60.59 63.52 59.99
People
People Employees 498 510 520 513 512 508 516 531 544 595
Revenue/emp, $m 0.77 0.80 0.85 0.85 0.82 0.93 1.09 1.05 0.91 0.90
Income, $m
Income, $m Revenue 383 406 444 438 419 473 563 557 495 536
Gross margin, % 51.59 51.18 48.07 49.06 51.48 48.70 43.09 46.42 55.42 58.53
EBT 43 47 41 58 42 48 53 58 61 66
EBT margin, % 11.09 11.45 9.32 13.24 10.13 10.06 9.34 10.48 12.35 12.22
Net income 27 29 33 44 32 36 41 45 47 50
Depreciation 47 47 50 52 55 60 63 67 76 89
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
Earnings 1.94 2.06 2.23 2.97 2.15 2.35 2.59 2.82 2.93 2.97
Cash flow 4.88 6.11 5.30 7.04 5.05 7.00 6.11 6.69 7.82 7.82
Capex (7.01) (8.46) (6.92) (8.00) (8.17) (7.47) (7.63) (8.81) (10.55) (11.02)
Free cash flow (2.13) (2.35) (1.61) (0.96) (3.13) (0.47) (1.52) (2.12) (2.73) (3.20)
Book value 20.94 23.89 23.74 25.29 25.95 29.12 29.23 30.58 31.83 36.29
Shares, m 14 14 15 15 15 15 16 16 16 17
Valuation, ×
Valuation, × P/E 23.57 21.77 22.71 20.81 20.59 19.41 19.55 18.91 18.49 16.15
P/S 1.67 1.56 1.69 2.10 1.59 1.50 1.44 1.53 1.76 1.52
P/B 2.19 1.88 2.13 2.45 1.71 1.58 1.73 1.74 1.70 1.34
EV/Sales 2.55 2.55 2.58 3.13 2.84 2.55 2.30 2.44 3.05 2.74
EV/FCF (32.76) (31.28) (48.01) (96.01) (25.37) (167.74) (53.15) (40.02) (34.31) (27.30)
Cash, $m
Cash, $m Operating cash flow 68 86 79 105 76 108 98 107 126 131
Capex (98) (119) (102) (119) (123) (115) (122) (141) (170) (185)
Free cash flow (30) (33) (24) (14) (47) (7) (24) (34) (44) (54)
Balance, $m
Balance, $m Working capital (45) 0 (40) (29) 3 (14) (65) (100) (40) (186)
Total debt 342 412 406 457 532 506 496 514 643 671
Net debt 336 403 398 452 526 500 487 508 637 655
Shareholders’ equity 293 337 351 377 389 449 468 489 513 610
Returns, %
Returns, % ROA 2.50 2.45 2.60 3.31 2.26 2.39 2.64 2.77 2.72 2.54
ROIC 6.97 6.37 5.94 5.51 4.88 5.13 5.27 5.46 4.93 5.00
ROE 9.42 9.21 9.60 12.15 8.41 8.62 9.04 9.45 9.41 8.90
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $53.6B 24.0× 17.8× −0.10% (below 0%: shrinking) +71.83% (above 0%: growing) +39.61% (above 0%: growing) 96.40% 27.76% Compare
BIP Brookfield Infrastructure Partners LP $24.3B 60.4× 33.4× +19.40% (above 0%: growing) n/m +17.47% (above 0%: growing) 24.53% 22.77% Compare
AES The AES Corporation $10.7B 5.7× 7.3× +19.86% (above 0%: growing) n/m −67.70% (below 0%: shrinking) 20.22% 13.12% Compare
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR $10.2B 20.0× — — +100.00% (above 0%: growing) — — — Compare
AVA Avista Corporation $3.0B 13.2× 16.3× +0.49% (above 0%: growing) +152.94% (above 0%: growing) +47.57% (above 0%: growing) 100.00% 13.08% Compare
UTL Unitil Corporation $972.6M 17.1× 15.7× +14.04% (above 0%: growing) +4.00% (above 0%: growing) +505.00% (above 0%: growing) 61.71% 13.16%
Median of peers $10.7B 20.0× 17.1× +9.95% +100.00% +28.54% 60.47% 17.95%

All 6 Utilities Diversified stocks →

Unitil Corporation (UTL) key facts

  • Strength: Unitil Corporation’s revenue for fiscal 2025 (year ended December 2025) was $536.0 million, up 8.33% from fiscal 2024.
  • Strength: Net income was $50.2 million, or $2.97 per share (basic), a net margin of 9.31%.
  • Unitil Corporation (UTL) is an Utilities Diversified company in the Utilities sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, UTL traded at $54.07, a market capitalization of $972.6 million.
  • At that price the stock trades at 17.1× trailing-twelve-month earnings and 1.6× sales; its P/E is higher than 12% of its own readings over the past ten years.
  • Unitil Corporation pays an annual dividend of $1.88 per share, a yield of 3.47%, with a payout ratio of 59.2%.
  • Return on equity was 8.90% and debt-to-equity 1.12.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.75 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Unitil Corporation (UTL) Latest News

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stockrow.com/UTL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com