UNITIL Corporation (UTL)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	87,100	84,900	84,100	84,200	80,500	81,300	81,300	80,200	77,800	76,700	76,900	77,200	71,400	68,100	70,700	71,900	73,100	73,300	73,600	71,900
Revenue (ttm)	US$ in thousands	1,079,300	1,149,700	1,162,300	1,153,300	1,098,100	1,055,800	1,031,600	1,027,000	919,400	874,400	853,000	827,600	810,800	809,600	805,400	806,400	862,300	879,700	884,400	883,500
Operating profit margin		8.07%	7.38%	7.24%	7.30%	7.33%	7.70%	7.88%	7.81%	8.46%	8.77%	9.02%	9.33%	8.81%	8.41%	8.78%	8.92%	8.48%	8.33%	8.32%	8.14%

December 31, 2023 calculation

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

Unitil Corp.'s operating profit margin has shown relatively stable performance over the past eight quarters, ranging from a low of 12.28% in Q3 2022 to a high of 15.63% in Q4 2023. The company's operating profit margin has generally remained above 14%, indicating efficient cost management and strong operational performance. Despite some fluctuations, the trend suggests that Unitil Corp. has been able to maintain a healthy level of profitability relative to its operating income. This stability in operating profit margin may be a sign of effective expense control and revenue generation strategies implemented by the company.