UNITIL Corporation (UTL)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	90,600	87,100	80,500	77,800	71,400
Revenue	US$ in thousands	953,400	1,079,300	1,098,100	919,400	810,800
Operating profit margin		9.50%	8.07%	7.33%	8.46%	8.81%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $90,600K ÷ $953,400K
= 9.50%

UNITIL Corporation's operating profit margin has shown some fluctuations over the past five years. Starting at 8.81% on December 31, 2020, the margin decreased to 8.46% by the end of 2021. In 2022, there was a more substantial decrease to 7.33%, indicating a potential challenge in managing operating expenses relative to revenue during that period. However, the company managed to improve its operating profit margin to 8.07% by the end of 2023. The most significant improvement was seen in 2024, where the operating profit margin reached 9.50%, demonstrating enhanced efficiency in generating profits from its core business operations. Overall, while there were fluctuations in UNITIL Corporation's operating profit margin, the company's ability to rebound and improve the margin in the later years suggests effective management of operational costs and profitability.