Skip to content
ES
MARKETS / NYSE / UTL
NYSE · ELECTRIC & OTHER SERVICES COMBINED · LARGE CAP

Unitil Corp. UTL

18 fiscal years on record · USD · FY2025 reported · SEC filings only
11 YEARS OF DIVIDEND GROWTH
$536.0M
▲ 8.3% YoY
$50.2M
▲ 6.6% YoY
$-53.8M
In brief

What this company does

Unitil's principal business is the local distribution of electricity and natural gas to approximately 215,100 customers throughout its service territories in New Hampshire, Massachusetts and Maine. The Company's total operating revenue was $536.0 million in 2025. As of December 31, 2025, the Company and its subsidiaries had 595 employees. Unitil is the parent company of five wholly-owned distribution utilities: Unitil Energy, Fitchburg, Northern Utilities, Bangor and Maine Natural. Unitil's electric distribution operations are conducted through Unitil Energy and Fitchburg, which generated electric revenue of $236.4 million in 2025, about 44% of Unitil's total operating revenue. Unitil's natural gas operations include gas distribution utility operations and interstate gas transmission pipeline operations, which generated revenue of $299.6 million in 2025, about 56% of Unitil's total operating revenue. Unitil is a public utility holding company incorporated under the laws of the State of New Hampshire in 1984.

Written from the business description in UNITIL CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 9 February 2026. Every sentence was checked against that document before publication.

Growth
USD 536.0M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 536.0 · Net income 50.2
200M400M2008201120142017202020232025
Compound annual growth
−1.6%
+5.1%
+2.3%
+2.7%
+6.6%
+9.3%
+6.7%
+11.7%
+4.7%
+6.7%
+4.6%
+8.4%
+4.9%
+3.7%
+2.5%
+1.8%
+6.2%
+5.9%
+4.4%
+4.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.1% a year over five years — but profit grew faster: net income at +9.3%, earnings per share at +6.7%.

The share count rose from 0.02B to 0.02B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.9% · Net 9.4%
5%10%15%-2%-4%-6%2008201120142017202020232025
ROE
FY2025 · ROE 8.9%
5%10%2008201120142017202020232025
Gross margin—
Operating margin18.9%
Net margin9.4%
Return on assets2.6%
EBITDA—

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 30.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -53.8
8M16M-20M-40M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 30.1 · Net buybacks —
20M2008201120142017202020232025
Dividends paidUSD 30.1M
Net buybacks—
Share of profit60.0%
Consecutive raises11 years

USD 30.1M in dividends — 60% of the year's profit went back to shareholders.

Total assetsUSD 2.1B
EquityUSD 609.6M
CashUSD 15.6M
Gross debtUSD 670.5M
Net debtUSD 654.9M
Current ratio0.56×

Net debt stands at 107% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B0.50.50.60.60.50.40.40.40.40.40.40.40.40.40.40.40.40.3
Operating income $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.00.00.00.00.0
EBITDA $B··················
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.00.0−0.0−0.0−0.0−0.00.0
EPS, diluted $2.972.932.822.592.352.152.972.232.061.941.891.791.571.431.500.881.03·
Dividend / sh $1.801.701.621.561.521.501.481.461.441.421.401.381.381.381.381.38··
Payout %60585861657050667074757888959315613282
ROE %8.99.49.49.08.68.412.19.69.29.49.59.28.28.18.65.06.07.0
Shares out B0.020.020.020.020.020.020.010.010.010.010.010.010.010.010.01···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectric & Other Services Combined
Listed onNYSE
Incorporated inNew Hampshire
Fiscal year endsDecember 31
Data on record since2008

Share this section

Download image