UTL (UTL) financial statements
UTL reported revenue of $536M in fiscal 2025, up 3.8% a year over 9 years.
Net income was $50M and the operating margin 18.9%, against 18.3% in 2016.
Free cash flow was -$54M, and the company returned $30M in dividends.
The diluted share count rose 20% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UTL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $383M | $406M | $444M | $438M | $419M | $473M | $563M | $557M | $495M | $536M |
| Operating income | $70M | $75M | $71M | $73M | $71M | $78M | $80M | $87M | $91M | $101M |
| Interest expense | $24M | $26M | $26M | $27M | $26M | $27M | $28M | $35M | $38M | $44M |
| Pre-tax income | $42M | $46M | $41M | $58M | $42M | $48M | $53M | $58M | $61M | $66M |
| Income tax | $15M | $18M | $8M | $14M | $10M | $12M | $11M | $13M | $14M | $15M |
| Net income | $27M | $29M | $33M | $44M | $32M | $36M | $41M | $45M | $47M | $50M |
| EPS (diluted) | $1.94 | $2.06 | $2.23 | $2.97 | $2.15 | $2.35 | $2.59 | $2.82 | $2.93 | $2.97 |
| Diluted shares | 14M | 14M | 15M | 15M | 15M | 15M | 16M | 16M | 16M | 17M |
| Operating margin | 18.3% | 18.6% | 16.0% | 16.7% | 17.1% | 16.4% | 14.3% | 15.6% | 18.3% | 18.9% |
| Net margin | 7.1% | 7.1% | 7.4% | 10.1% | 7.7% | 7.6% | 7.4% | 8.1% | 9.5% | 9.4% |
Balance sheet
Fiscal years, from UTL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $9M | $8M | $5M | $6M | $6M | $9M | $6M | $6M | $16M |
| Receivables | $53M | $67M | $67M | $55M | $62M | $67M | $74M | $75M | $75M | $99M |
| Total current assets | $132M | $151M | $152M | $131M | $139M | $160M | $195M | $177M | $189M | $240M |
| Goodwill | — | — | — | — | — | — | — | — | $0 | $4M |
| Total assets | $1.1B | $1.2B | $1.3B | $1.4B | $1.5B | $1.5B | $1.6B | $1.7B | $1.8B | $2.1B |
| Total current liabilities | $177M | $151M | $192M | $160M | $136M | $174M | $260M | $277M | $229M | $426M |
| Long-term debt | $317M | $376M | $387M | $438M | $523M | $498M | $489M | $509M | $638M | $633M |
| Total liabilities | $835M | $905M | $947M | $994M | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.5B |
| Shareholders' equity | $293M | $337M | $351M | $377M | $389M | $448M | $468M | $489M | $512M | $610M |
| Net debt | $328M | $397M | $398M | $452M | $526M | $500M | $487M | $508M | $637M | $655M |
Cash flow
Fiscal years, from UTL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $68M | $86M | $78M | $105M | $76M | $108M | $98M | $107M | $126M | $131M |
| Capital spending | $98M | $119M | $102M | $119M | $123M | $115M | $122M | $141M | $170M | $185M |
| Free cash flow | -$30M | -$33M | -$24M | -$14M | -$47M | -$7M | -$24M | -$34M | -$44M | -$54M |
| Dividends paid | $20M | $20M | $22M | $22M | $23M | $24M | $25M | $26M | $28M | $30M |
| Net borrowing | $51M | $28M | $44M | $27M | $71M | -$16M | $42M | $64M | $74M | $177M |
| Free cash flow margin | -7.8% | -8.1% | -5.4% | -3.3% | -11.2% | -1.5% | -4.3% | -6.1% | -8.9% | -10.0% |
| Dividends per share | $1.43 | $1.45 | $1.47 | $1.48 | $1.51 | $1.53 | $1.57 | $1.63 | $1.71 | $1.79 |
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Open UTL in InvestinglyQuestions
What was UTL's revenue in 2025?
$536M in fiscal 2025, from its 10-K filing.
How much free cash flow does UTL generate?
-$54M in fiscal 2025 (operating cash flow minus capital spending).
From UTL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.