UNITIL Corporation
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural ga… Read more
UNITIL Corporation (UTL) - Net Assets
Latest net assets as of September 2025: $597.20 Million USD
Based on the latest financial reports, UNITIL Corporation (UTL) has net assets worth $597.20 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.94 Billion) and total liabilities ($1.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $597.20 Million |
| % of Total Assets | 30.71% |
| Annual Growth Rate | 7.17% |
| 5-Year Change | 31.68% |
| 10-Year Change | 81.22% |
| Growth Volatility | 11.1 |
UNITIL Corporation - Net Assets Trend (1994–2024)
This chart illustrates how UNITIL Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for UNITIL Corporation (1994–2024)
The table below shows the annual net assets of UNITIL Corporation from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $512.50 Million | +4.74% |
| 2023-12-31 | $489.30 Million | +4.64% |
| 2022-12-31 | $467.60 Million | +4.26% |
| 2021-12-31 | $448.50 Million | +15.24% |
| 2020-12-31 | $389.20 Million | +3.29% |
| 2019-12-31 | $376.80 Million | +7.26% |
| 2018-12-31 | $351.30 Million | +4.31% |
| 2017-12-31 | $336.80 Million | +14.91% |
| 2016-12-31 | $293.10 Million | +3.64% |
| 2015-12-31 | $282.80 Million | +3.48% |
| 2014-12-31 | $273.30 Million | +3.05% |
| 2013-12-31 | $265.20 Million | +1.77% |
| 2012-12-31 | $260.60 Million | +34.54% |
| 2011-12-31 | $193.70 Million | +1.41% |
| 2010-12-31 | $191.00 Million | -2.10% |
| 2009-12-31 | $195.10 Million | +37.88% |
| 2008-12-31 | $141.50 Million | +38.05% |
| 2007-12-31 | $102.50 Million | +2.65% |
| 2006-12-31 | $99.86 Million | +1.27% |
| 2005-12-31 | $98.61 Million | +2.05% |
| 2004-12-31 | $96.63 Million | +0.58% |
| 2003-12-31 | $96.07 Million | +23.69% |
| 2002-12-31 | $77.67 Million | -0.87% |
| 2001-12-31 | $78.36 Million | -6.30% |
| 2000-12-31 | $83.62 Million | +1.36% |
| 1999-12-31 | $82.50 Million | +4.17% |
| 1998-12-31 | $79.20 Million | +4.90% |
| 1997-12-31 | $75.50 Million | +5.01% |
| 1996-12-31 | $71.90 Million | +5.89% |
| 1995-12-31 | $67.90 Million | +5.93% |
| 1994-12-31 | $64.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to UNITIL Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 529.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $171.10 Million | 33.39% |
| Common Stock | $341.20 Million | 66.58% |
| Other Components | $200.00K | 0.04% |
| Total Equity | $512.50 Million | 100.00% |
UNITIL Corporation Competitors by Market Cap
The table below lists competitors of UNITIL Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cadeler As
OL:CADLR
|
$877.51 Million |
|
Elders Ltd
AU:ELD
|
$877.73 Million |
|
BioPharma Credit PLC
PINK:BOPCF
|
$877.80 Million |
|
COAST.FINL. CORP.WA NEW
F:1VD
|
$877.81 Million |
|
Bright Smart Securities & Commodities Group Limited
F:0BX
|
$877.25 Million |
|
Nos SGPS SA
LSE:0J1Z
|
$876.95 Million |
|
AIMA Technology Group Co Ltd
SHG:603529
|
$876.40 Million |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$876.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UNITIL Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 489,300,000 to 512,500,000, a change of 23,200,000 (4.7%).
- Net income of 47,100,000 contributed positively to equity growth.
- Dividend payments of 27,500,000 reduced retained earnings.
- Share repurchases of 1,100,000 reduced equity.
- New share issuances of 1,100,000 increased equity.
- Other comprehensive income increased equity by 337,600,000.
- Other factors decreased equity by 334,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.10 Million | +9.19% |
| Dividends Paid | $27.50 Million | -5.37% |
| Share Repurchases | $1.10 Million | -0.21% |
| Share Issuances | $1.10 Million | +0.21% |
| Other Comprehensive Income | $337.60 Million | +65.87% |
| Other Changes | $-334.00 Million | -65.17% |
| Total Change | $- | 4.74% |
Book Value vs Market Value Analysis
This analysis compares UNITIL Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.50x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $15.03 | $52.64 | x |
| 1995-12-31 | $15.65 | $52.64 | x |
| 1996-12-31 | $16.50 | $52.64 | x |
| 1997-12-31 | $16.82 | $52.64 | x |
| 1998-12-31 | $17.24 | $52.64 | x |
| 1999-12-31 | $17.62 | $52.64 | x |
| 2000-12-31 | $17.63 | $52.64 | x |
| 2001-12-31 | $16.46 | $52.64 | x |
| 2002-12-31 | $16.31 | $52.64 | x |
| 2003-12-31 | $19.66 | $52.64 | x |
| 2004-12-31 | $17.49 | $52.64 | x |
| 2005-12-31 | $17.73 | $52.64 | x |
| 2006-12-31 | $17.82 | $52.64 | x |
| 2007-12-31 | $18.07 | $52.64 | x |
| 2008-12-31 | $24.27 | $52.64 | x |
| 2009-12-31 | $20.22 | $52.64 | x |
| 2010-12-31 | $17.65 | $52.64 | x |
| 2011-12-31 | $17.80 | $52.64 | x |
| 2012-12-31 | $20.52 | $52.64 | x |
| 2013-12-31 | $19.22 | $52.64 | x |
| 2014-12-31 | $19.80 | $52.64 | x |
| 2015-12-31 | $20.35 | $52.64 | x |
| 2016-12-31 | $20.94 | $52.64 | x |
| 2017-12-31 | $23.89 | $52.64 | x |
| 2018-12-31 | $23.69 | $52.64 | x |
| 2019-12-31 | $25.29 | $52.64 | x |
| 2020-12-31 | $26.03 | $52.64 | x |
| 2021-12-31 | $29.17 | $52.64 | x |
| 2022-12-31 | $29.23 | $52.64 | x |
| 2023-12-31 | $30.48 | $52.64 | x |
| 2024-12-31 | $31.81 | $52.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UNITIL Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.52%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 3.50x
- Recent ROE (9.19%) is above the historical average (8.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 12.48% | 5.22% | 0.75x | 3.19x | $1.59 Million |
| 1995 | 12.37% | 5.36% | 0.74x | 3.12x | $1.61 Million |
| 1996 | 12.10% | 5.09% | 0.74x | 3.23x | $1.51 Million |
| 1997 | 10.86% | 4.83% | 0.71x | 3.15x | $650.00K |
| 1998 | 10.35% | 4.92% | 0.44x | 4.76x | $280.00K |
| 1999 | 10.18% | 4.87% | 0.47x | 4.41x | $150.00K |
| 2000 | 8.63% | 3.94% | 0.48x | 4.58x | $-1.15 Million |
| 2001 | 1.39% | 0.53% | 0.55x | 4.81x | $-6.75 Million |
| 2002 | 7.84% | 3.23% | 0.39x | 6.19x | $-1.68 Million |
| 2003 | 8.28% | 3.61% | 0.46x | 5.04x | $-1.65 Million |
| 2004 | 8.51% | 3.84% | 0.47x | 4.73x | $-1.44 Million |
| 2005 | 8.67% | 3.68% | 0.52x | 4.56x | $-1.31 Million |
| 2006 | 8.04% | 3.08% | 0.54x | 4.84x | $-1.95 Million |
| 2007 | 8.49% | 3.31% | 0.55x | 4.63x | $-1.55 Million |
| 2008 | 6.86% | 3.37% | 0.39x | 5.20x | $-4.45 Million |
| 2009 | 5.13% | 2.72% | 0.51x | 3.72x | $-9.51 Million |
| 2010 | 5.03% | 2.68% | 0.47x | 3.98x | $-9.50 Million |
| 2011 | 8.47% | 4.65% | 0.44x | 4.13x | $-2.97 Million |
| 2012 | 6.98% | 5.15% | 0.40x | 3.40x | $-7.86 Million |
| 2013 | 8.14% | 5.89% | 0.40x | 3.47x | $-4.92 Million |
| 2014 | 9.04% | 5.80% | 0.43x | 3.66x | $-2.63 Million |
| 2015 | 9.30% | 6.16% | 0.41x | 3.70x | $-1.98 Million |
| 2016 | 9.25% | 7.07% | 0.34x | 3.85x | $-2.21 Million |
| 2017 | 8.61% | 7.14% | 0.33x | 3.69x | $-4.68 Million |
| 2018 | 9.39% | 7.43% | 0.34x | 3.70x | $-2.13 Million |
| 2019 | 11.73% | 10.09% | 0.31x | 3.75x | $6.52 Million |
| 2020 | 8.27% | 7.69% | 0.28x | 3.91x | $-6.72 Million |
| 2021 | 8.05% | 7.63% | 0.31x | 3.43x | $-8.75 Million |
| 2022 | 8.85% | 7.35% | 0.35x | 3.40x | $-5.36 Million |
| 2023 | 9.24% | 8.11% | 0.33x | 3.41x | $-3.73 Million |
| 2024 | 9.19% | 9.52% | 0.28x | 3.50x | $-4.15 Million |
Industry Comparison
This section compares UNITIL Corporation's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $4,384,461,368
- Average return on equity (ROE) among peers: 6.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UNITIL Corporation (UTL) | $597.20 Million | 12.48% | 2.26x | $877.29 Million |
| ACEA S.p.A (ACEJF) | $1.90 Billion | 14.24% | 3.29x | $780.10 Million |
| Atco Ltd (ACLLF) | $2.57 Billion | 6.35% | 1.49x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.52 Billion | 9.76% | 1.93x | $4.51 Billion |
| The AES Corporation (AES) | $10.41 Billion | -0.53% | 2.89x | $10.06 Billion |
| Allete Inc (ALE) | $673.20 Million | 11.48% | 1.28x | $3.93 Billion |
| Algonquin Power & Utilities Corp (AQN) | $1.41 Billion | 1.04% | 0.98x | $4.08 Billion |
| Avista Corporation (AVA) | $1.53 Billion | 8.06% | 2.21x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $14.67 Billion | 1.31% | 1.49x | $16.66 Billion |
| Commerce Energy Group Inc (CMNR) | $93.62 Million | 5.79% | 0.34x | $0.94 |
| Canadian Utilities Limited (CUTLF) | $7.07 Billion | 8.94% | 2.11x | $4.62 Billion |