Otter Tail Corporation (OTTR) Income Statement
OTTR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOTTR revenue and net income
Where OTTR's revenue goes
2025Each bar shows an amount and its share of revenue. OTTR kept 21.2% of revenue as net income.
OTTR profit margins
OTTR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.0% | −3.7% | +7.9% | +5.3% |
| Gross profit | −37.8% | −14.0% | +3.7% | +5.6% |
| Operating income | −9.1% | −4.0% | +18.5% | +12.2% |
| Net income | −8.5% | −1.0% | +23.5% | +16.6% |
| EPS (diluted) | −8.5% | −1.1% | +22.9% | +15.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OTTR quarterly EPS vs estimates
Otter Tail beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.57).
OTTR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.33B | $1.35B | $1.46B | $1.20B | $890.1M | $919.5M | $916.4M | $849.4M | $803.5M |
| Cost of revenue | $941.4M | $747.5M | $784.0M | $889.7M | $772.8M | $588.1M | $640.0M | $645.3M | $592.4M | $564.5M |
| Gross profit | $362.7M | $583.1M | $565.1M | $570.5M | $424.1M | $302.0M | $279.5M | $271.2M | $257.0M | $239.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $82.6M | $80.1M | $134.7M | $69.7M | $65.4M | $3.4M | $4.3M | $51.5M | $194.6M | $191.5M |
| Total operating expenses | $17.0M | $202.8M | $187.2M | $180.1M | $174.4M | $154.1M | $144.7M | $141.8M | $130.8M | $128.0M |
| Operating income | $345.7M | $380.2M | $377.9M | $390.4M | $249.7M | $147.9M | $134.9M | $129.4M | $126.1M | $111.1M |
| Interest income | — | — | — | — | — | — | $31.4M | $30.4M | $29.6M | $31.9M |
| Interest expense | $47.2M | $41.8M | $37.7M | $36.0M | $37.8M | $34.4M | $31.4M | $30.4M | $29.6M | $31.9M |
| Income before taxes | $322.3M | $366.9M | $363.5M | $357.5M | $212.8M | $116.1M | $104.3M | $96.9M | $99.2M | $82.1M |
| Income taxes | $46.4M | $65.2M | $69.3M | $73.4M | $36.1M | $20.2M | $17.4M | $14.6M | $27.0M | $20.1M |
| Net income | $275.9M | $301.7M | $294.2M | $284.2M | $176.8M | $95.9M | $86.8M | $82.3M | $72.4M | $62.3M |
| EBITDA | $487.6M | $515.8M | $499.1M | $486.1M | $341.9M | $232.5M | $213.8M | $202.0M | $199.2M | $187.4M |
| EPS (diluted) | $6.56 | $7.17 | $7.00 | $6.78 | $4.23 | $2.34 | $2.18 | $2.06 | $1.86 | $1.60 |
| Gross margin | 27.8% | 43.8% | 41.9% | 39.1% | 35.4% | 33.9% | 30.4% | 29.6% | 30.3% | 29.8% |
| Operating margin | 26.5% | 28.6% | 28.0% | 26.7% | 20.9% | 16.6% | 14.7% | 14.1% | 14.9% | 13.8% |
| Net margin | 21.2% | 22.7% | 21.8% | 19.5% | 14.8% | 10.8% | 9.4% | 9.0% | 8.5% | 7.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $334.4M | $347.0M | $347.0M | $325.6M | $333.0M | $337.4M | $303.1M | $338.0M | $342.3M | $347.1M | $314.3M | $358.1M |
| Cost of revenue | $118.4M | $205.6M | $257.3M | $177.3M | $184.6M | $198.5M | $180.6M | $180.9M | $183.0M | $202.9M | $194.2M | $192.3M |
| Gross profit | $216.0M | $141.4M | $89.7M | $148.3M | $148.5M | $138.9M | $122.5M | $157.1M | $159.3M | $144.2M | $120.1M | $165.7M |
| Sales, general & admin | $22.2M | $21.8M | $26.1M | $17.8M | $17.4M | $21.3M | $29.0M | $23.7M | $18.2M | $18.9M | $69.2M | $15.9M |
| Total operating expenses | $240.2M | $261.8M | $4.5M | $51.7M | $51.0M | $54.9M | $55.7M | $49.6M | $48.4M | $49.2M | $50.0M | $44.6M |
| Operating income | −$24.2M | $85.2M | $85.2M | $96.6M | $97.5M | $84.0M | $66.8M | $107.5M | $110.9M | $95.0M | $70.1M | $121.1M |
| Interest expense | $12.9M | $12.6M | $12.6M | $11.8M | $11.7M | $11.6M | $10.6M | $11.2M | $10.2M | $9.8M | $9.4M | $9.2M |
| Income before taxes | −$28.8M | $77.5M | $77.5M | $91.1M | $91.4M | $78.2M | $63.0M | $104.2M | $107.6M | $92.1M | $69.0M | $116.7M |
| Income taxes | −$21.2M | — | $4.9M | $12.8M | $13.7M | $10.1M | $8.2M | $18.7M | $20.6M | $17.8M | $11.2M | $24.7M |
| Net income | −$7.6M | $72.6M | $72.6M | $78.3M | $77.7M | $68.1M | $54.9M | $85.5M | $87.0M | $74.3M | $57.8M | $92.0M |
| EBITDA | $14.9M | $120.1M | $120.1M | $132.5M | $132.5M | $119.1M | $101.1M | $142.4M | $144.4M | $127.9M | $103.7M | $150.4M |
| EPS (diluted) | $1.66 | $1.73 | $1.23 | $1.86 | $1.85 | $1.62 | $1.30 | $2.03 | $2.07 | $1.77 | $1.37 | $2.19 |
| Gross margin | 64.6% | 40.8% | 25.8% | 45.5% | 44.6% | 41.2% | 40.4% | 46.5% | 46.5% | 41.5% | 38.2% | 46.3% |
| Operating margin | −7.2% | 24.6% | 24.6% | 29.7% | 29.3% | 24.9% | 22.0% | 31.8% | 32.4% | 27.4% | 22.3% | 33.8% |
| Net margin | −2.3% | 20.9% | 20.9% | 24.0% | 23.3% | 20.2% | 18.1% | 25.3% | 25.4% | 21.4% | 18.4% | 25.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OTTR's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OTTR financial results
In fiscal year 2025 (ended December 31, 2025), Otter Tail reported revenue of $1.3 billion, down 2.0% from the year before. It had net income of $275.9 million (down 8.5%), a net profit margin of 21.2%. Diluted earnings per share came to $6.56. Over five years revenue grew at an average rate of 7.9% a year.
See the OTTR stock overview for the latest quote and news, or the OTTR chart for price history and technical indicators.
OTTR income statement FAQ
What is Otter Tail's annual revenue?
Otter Tail reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.0% from $1.3 billion the previous year.
Is Otter Tail profitable?
Yes. Otter Tail reported net income of $275.9 million in fiscal 2025, a net profit margin of 21.2%; its operating margin was 26.5%.
What is Otter Tail's gross margin?
Otter Tail's gross margin was 27.8% in fiscal 2025: for every $100 of revenue, Otter Tail kept $28 after the direct cost of its products and services.
How fast is Otter Tail growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $890.1 million to $1.3 billion.
What are Otter Tail's earnings per share?
Otter Tail earned $6.56 per diluted share in fiscal 2025, compared with $7.17 a year earlier.
When will Otter Tail report its next earnings?
Otter Tail is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Otter Tail's fiscal year end?
Otter Tail's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.