Unitil Corporation (UTL) Income Statement
UTL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUTL revenue and net income
Where UTL's revenue goes
2025Each bar shows an amount and its share of revenue. UTL kept 9.4% of revenue as net income.
UTL profit margins
UTL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.3% | −1.6% | +5.1% | +2.3% |
| Gross profit | +12.5% | +9.4% | +8.1% | +5.7% |
| Operating income | +11.7% | +7.9% | +7.2% | +4.8% |
| Net income | +6.6% | +6.6% | +9.3% | +6.7% |
| EPS (diluted) | +5.1% | +6.2% | +5.7% | +5.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UTL quarterly EPS vs estimates
Unitil beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.05).
UTL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $536.0M | $494.8M | $557.1M | $563.2M | $473.3M | $418.6M | $438.2M | $444.1M | $406.2M | $383.4M |
| Cost of revenue | $314.8M | $298.2M | $374.1M | $394.2M | $311.5M | $268.8M | $290.4M | $300.1M | $268.5M | $251.9M |
| Gross profit | $221.2M | $196.6M | $183.0M | $169.0M | $161.8M | $149.8M | $147.8M | $144.0M | $137.7M | $131.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $55.1M | — | — | — | — | — | $4.6M | $5.5M | $5.7M | $4.9M |
| Total operating expenses | $120.0M | $106.0M | $95.9M | $88.5M | $84.0M | $78.4M | $74.7M | $72.8M | $68.0M | $66.2M |
| Operating income | $101.2M | $90.6M | $87.1M | $80.5M | $77.8M | $71.4M | $73.1M | $71.2M | $69.7M | $65.3M |
| Interest income | $7.1M | $8.4M | $6.2M | $2.8M | $25.6M | $2.6M | $2.9M | $2.4M | $2.4M | $1.2M |
| Interest expense | $43.8M | $37.7M | $34.9M | $28.3M | $27.2M | $26.4M | $26.6M | $26.4M | $25.5M | $23.7M |
| Income before taxes | $65.5M | $61.1M | $58.4M | $52.6M | $47.6M | $42.4M | $58.0M | $41.4M | $46.5M | $42.5M |
| Income taxes | $15.3M | $14.0M | $13.2M | $11.2M | $11.5M | $10.2M | $13.8M | $8.4M | $17.5M | $15.4M |
| Net income | $50.2M | $47.1M | $45.2M | $41.4M | $36.1M | $32.2M | $44.2M | $33.0M | $29.0M | $27.1M |
| EBITDA | $198.0M | $174.9M | $160.7M | $143.5M | $134.3M | $123.3M | $136.6M | $118.2M | $118.9M | $112.8M |
| EPS (diluted) | $3.10 | $2.95 | $2.82 | $2.59 | $2.37 | $2.35 | $2.25 | $2.31 | $2.06 | $1.94 |
| Gross margin | 41.3% | 39.7% | 32.8% | 30.0% | 34.2% | 35.8% | 33.7% | 32.4% | 33.9% | 34.3% |
| Operating margin | 18.9% | 18.3% | 15.6% | 14.3% | 16.4% | 17.1% | 16.7% | 16.0% | 17.2% | 17.0% |
| Net margin | 9.4% | 9.5% | 8.1% | 7.4% | 7.6% | 7.7% | 10.1% | 7.4% | 7.1% | 7.1% |
| 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 | $117.0M | $216.9M | $161.5M | $101.1M | $102.6M | $170.8M | $127.5M | $92.9M | $95.7M | $178.7M | $129.6M | $103.9M |
| Cost of revenue | $14.7M | $128.6M | $95.6M | $63.3M | $60.9M | $95.0M | $71.1M | $60.2M | $58.1M | $108.8M | $77.1M | $72.1M |
| Gross profit | $102.3M | $88.3M | $65.9M | $37.8M | $41.7M | $75.8M | $56.4M | $32.7M | $37.6M | $69.9M | $52.5M | $31.8M |
| Sales, general & admin | — | — | $55.1M | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $86.9M | $32.4M | $31.2M | $30.8M | $28.4M | $29.6M | $28.2M | $26.9M | $25.2M | $25.7M | $24.7M | $23.8M |
| Operating income | $15.4M | $55.9M | $34.7M | $7.0M | $13.3M | $46.2M | $28.2M | $5.8M | $12.4M | $44.2M | $27.8M | $8.0M |
| Interest income | $1.4M | $1.5M | $2.2M | $1.8M | $1.4M | $1.6M | $1.1M | $2.9M | $2.4M | $2.0M | $1.9M | $1.7M |
| Interest expense | $10.4M | $12.3M | $11.6M | $10.7M | $10.7M | $10.7M | $8.3M | $10.3M | $9.8M | $9.3M | $9.5M | $8.7M |
| Income before taxes | $5.8M | $45.1M | $25.4M | −$1.6M | $4.7M | $37.0M | $20.9M | −$1.3M | $4.9M | $36.6M | $20.1M | $1.0M |
| Income taxes | $1.1M | $11.9M | $6.4M | −$1.3M | $700,000 | $9.5M | $5.3M | −$1.3M | $600,000 | $9.4M | $4.6M | −$400,000 |
| Net income | $4.7M | $33.2M | $19.0M | −$300,000 | $4.0M | $27.5M | $15.6M | $0 | $4.3M | $27.2M | $15.5M | $1.4M |
| EBITDA | $38.8M | $80.7M | $60.0M | $31.3M | $37.2M | $69.4M | $50.1M | $28.1M | $32.8M | $63.9M | $46.9M | $26.5M |
| EPS (diluted) | $0.29 | $1.85 | $1.08 | $0.03 | $0.25 | $1.74 | $0.97 | $0.02 | $0.27 | $1.69 | $0.97 | $0.09 |
| Gross margin | 87.4% | 40.7% | 40.8% | 37.4% | 40.6% | 44.4% | 44.2% | 35.2% | 39.3% | 39.1% | 40.5% | 30.6% |
| Operating margin | 13.2% | 25.8% | 21.5% | 6.9% | 13.0% | 27.0% | 22.1% | 6.2% | 13.0% | 24.7% | 21.5% | 7.7% |
| Net margin | 4.0% | 15.3% | 11.8% | −0.3% | 3.9% | 16.1% | 12.2% | 0.0% | 4.5% | 15.2% | 12.0% | 1.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UTL's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UTL financial results
In fiscal year 2025 (ended December 31, 2025), Unitil reported revenue of $536.0 million, up 8.3% from the year before. It had net income of $50.2 million (up 6.6%), a net profit margin of 9.4%. Diluted earnings per share came to $3.10. Over five years revenue grew at an average rate of 5.1% a year.
See the UTL stock overview for the latest quote and news, or the UTL chart for price history and technical indicators.
UTL income statement FAQ
What is Unitil's annual revenue?
Unitil reported total revenue of $536.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 8.3% from $494.8 million the previous year.
Is Unitil profitable?
Yes. Unitil reported net income of $50.2 million in fiscal 2025, a net profit margin of 9.4%; its operating margin was 18.9%.
What is Unitil's gross margin?
Unitil's gross margin was 41.3% in fiscal 2025: for every $100 of revenue, Unitil kept $41 after the direct cost of its products and services.
How fast is Unitil growing?
Revenue grew 5.1% a year on average over the last five fiscal years, from $418.6 million to $536.0 million.
What are Unitil's earnings per share?
Unitil earned $3.10 per diluted share in fiscal 2025, compared with $2.95 a year earlier.
When will Unitil report its next earnings?
Unitil is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Unitil's fiscal year end?
Unitil's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.