Otter Tail Corp OTTR

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived Nasdaq

Otter Tail Corporation (OTC) is a holding company which has strategically invested in a portfolio of diversified operations including an electric utility and manufacturing and plastic pipe businesses. Our corporate offices are located in Fergus Falls, Minnesota and Fargo, North Dakota.

We classify our five operating companies into three reportable segments consistent with our business strategy and management structure. The following table depicts our three segments and the subsidiary entities included within each segment:

Otter Tail Power Company (OTP) BTD Manufacturing, Inc. (BTD) Northern Pipe Products, Inc. (Northern Pipe)

Electric includes the generation, purchase, transmission, distribution and sale of electric energy in western Minnesota, eastern North Dakota and northeastern South Dakota. Otter Tail Power (OTP), our primary business, serves approximately 134,000 customers in more than 400 communities across a predominantly rural and agricultural service territory.

Last close 90.49 2026-10-23
Market cap $3.80B 2026-06-30 share count
52-week range 74.15 - 95.09

Valuation FY2025 figures against the last close

P/S2.9x
P/E13.8x
P/FCF38.8x
EV/EBITDA9.5x
Dividend yield2.3%
Diluted EPS6.55

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.30B$1.33B$1.35B$1.46B$1.20B$890.1M$918.5M$916.4M$849.4M$803.5M
SG&A $82.6M$80.1M$72.7M$69.7M$65.4M—————
Total operating expenses $958.4M$950.3M$971.2M$1.07B$947.1M$742.2M$784.6M$787.1M$717.1M$686.9M
Operating income $345.7M$380.2M$377.9M$390.4M$249.7M$147.9M$134.9M$129.4M$132.3M$116.6M
Interest expense $47.2M$41.8M$37.7M$36.0M$37.8M$34.4M————
Pre-tax income $322.3M$366.9M$363.5M$357.5M$212.8M$116.1M$104.3M$96.9M$99.7M$82.5M
Income tax $46.4M$65.2M$69.3M$73.4M$36.1M$20.2M$17.4M$14.6M$27.3M$20.2M
Net income $275.9M$301.7M$294.2M$284.2M$176.8M$95.9M$86.8M$82.3M$72.4M$62.3M
EPS, basic 6.597.227.066.834.262.352.192.081.841.62
EPS, diluted 6.557.177.006.784.232.342.172.061.821.61
Shares, diluted (wtd. avg.) 42.1M42.1M42.0M41.9M41.8M40.9M40.0M39.9M39.7M38.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $386.2M$294.7M$230.4M$119.0M$1.5M$1.2M$21.2M$861.0K$16.2M$0
Short-term investments $54.3M$753.0K————————
Receivables ——————$77.9M$75.1M$68.5M$68.2M
Inventory $158.6M$148.9M$149.7M$146.0M$148.5M$92.2M$97.9M$106.3M$88.0M$83.7M
Total current assets $799.7M$630.0M$570.2M$452.8M$369.4M$234.8M$254.9M$241.4M$239.1M$208.0M
Property, plant and equipment $171.4M$178.7M$142.4M$2.21B$2.12B$2.05B$1.75B$1.58B$1.54B$1.48B
Goodwill $37.6M$37.6M$37.6M$37.6M$37.6M$37.6M$37.6M$37.6M$37.6M$37.6M
Other intangibles $4.6M$5.7M$6.8M$7.9M$9.0M$10.1M$11.3M$12.4M$13.8M$15.0M
Total assets $3.96B$3.65B$3.24B$2.90B$2.75B$2.58B$2.27B$2.05B$2.00B$1.91B
Accounts payable $93.6M$113.6M$94.4M$104.4M$135.1M$120.6M$120.8M$96.3M$84.7M$89.3M
Short-term debt $80.0M$0$81.4M$0$30.0M$140.1M$183.0K$172.0K$186.0K$33.2M
Total current liabilities $351.0M$309.8M$309.8M$237.6M$387.7M$436.8M$189.7M$170.1M$256.7M$215.7M
Long-term debt $963.6M$943.7M$824.1M$823.8M$734.0M$624.4M$689.6M$590.0M$490.4M$505.3M
Retained earnings $1.22B$1.03B$806.3M$585.2M$369.8M$257.9M$222.3M$190.4M$161.3M$139.5M
Total equity $1.86B$1.67B$1.44B$1.22B$990.8M$871.0M$781.5M$728.9M$696.9M$670.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $386.0M$452.7M$404.5M$389.3M$231.2M$211.9M$185.0M$143.4M$173.6M$163.4M
Depreciation and amortisation $118.1M$107.1M$98.0M$92.6M$91.4M$82.0M$78.1M$74.7M$72.5M$73.4M
Stock-based compensation $9.1M$9.5M$7.8M$6.8M$6.9M$6.3M$6.0M$4.4M$3.6M$3.2M
Capital expenditure $288.1M$358.6M$287.1M$171.1M$171.8M$371.6M$207.4M$105.4M$132.9M$161.3M
Investing cash flow -$290.7M-$411.4M-$289.3M-$175.1M-$171.5M-$375.7M-$209.5M-$107.4M-$132.6M-$159.3M
Financing cash flow -$3.7M$22.9M-$3.8M-$96.8M-$59.4M$143.7M$44.8M-$51.4M-$24.8M-$4.1M
Dividends paid $88.1M$78.3M$73.1M$68.8M$64.9M$60.3M$55.7M$53.2M$50.6M—
Buybacks —————$2.1M$2.7M$3.0M$1.8M$104.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001466593-26-000015.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 803.5M Net income, FY2016: 62.3M Revenue, FY2017: 849.4M Net income, FY2017: 72.4M Revenue, FY2018: 916.4M Net income, FY2018: 82.3M Revenue, FY2019: 918.5M Net income, FY2019: 86.8M Revenue, FY2020: 890.1M Net income, FY2020: 95.9M Revenue, FY2021: 1.2B Net income, FY2021: 176.8M Revenue, FY2022: 1.5B Net income, FY2022: 284.2M Revenue, FY2023: 1.3B Net income, FY2023: 294.2M Revenue, FY2024: 1.3B Net income, FY2024: 301.7M Revenue, FY2025: 1.3B Net income, FY2025: 275.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $803.5M $849.4M $916.4M $918.5M $890.1M $1.20B $1.46B $1.35B $1.33B $1.30B
Gross profit — — — — — — — — — —
Net income $62.3M $72.4M $82.3M $86.8M $95.9M $176.8M $284.2M $294.2M $301.7M $275.9M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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