UNITIL Corporation (UTL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	45,200	41,400	36,100	32,200	44,200
Revenue	US$ in thousands	1,079,300	1,098,100	919,400	810,800	862,300
Net profit margin		4.19%	3.77%	3.93%	3.97%	5.13%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $45,200K ÷ $1,079,300K
= 4.19%

The net profit margin of Unitil Corp. has shown some fluctuations over the past five years. In 2019, the company had a relatively high net profit margin of 10.08%, indicating that for every dollar of revenue generated, the company was able to retain 10.08 cents as profit after accounting for all expenses.

However, the net profit margin decreased to 7.68% in 2020, showing a decline in profitability. This decline continued into 2021 with a net profit margin of 7.62%.

Despite the slight decrease in 2021, there was a slight improvement in 2022 with a net profit margin of 7.35%. The trend reversed in 2023 with a further increase in the net profit margin to 8.11%.

Overall, while the net profit margin has shown some variability over the years, Unitil Corp. has consistently maintained a positive net profit margin, indicating that the company has been able to effectively manage its expenses relative to its revenue generation.