UNITIL Corporation (UTL)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	87,100	80,500	77,800	71,400	73,100
Revenue	US$ in thousands	1,079,300	1,098,100	919,400	810,800	862,300
Operating profit margin		8.07%	7.33%	8.46%	8.81%	8.48%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $87,100K ÷ $1,079,300K
= 8.07%

The operating profit margin of Unitil Corp. has shown some fluctuation over the past five years. It decreased slightly from 16.68% in 2019 to 17.06% in 2020, before declining further to 16.44% in 2021. However, there was a slight recovery in 2022 with the margin increasing to 14.29%. The most recent data as of Dec 31, 2023, indicates a positive trend with the operating profit margin improving to 15.63%.

Overall, Unitil Corp.'s operating profit margin has demonstrated decent stability, with variations within a moderate range. It is essential for the company to continue monitoring and managing its operational efficiency to sustain and potentially improve its profitability in the future.