Otter Tail (OTTR) Financials

$86.65 -1.41 (-1.60%)

Closing price 04:00 PM Eastern

Extended Trading

$86.66 +0.00 (+0.01%)

As of 04:10 PM Eastern

Annual Income Statements for Otter Tail

This table shows Otter Tail's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	59	62	72	82	87	96	177	284	294	302	276
Consolidated Net Income / (Loss)	59	62	72	82	87	96	177	284	294	302	276
Net Income / (Loss) Continuing Operations	59	62	72	82	87	96	177	284	294	302	276
Total Pre-Tax Income	80	83	100	97	104	116	213	358	363	367	322
Total Operating Income	109	117	132	129	135	148	250	390	378	380	346
Total Gross Profit	485	361	386	271	280	561	483	636	625	896	638
Total Revenue	780	804	849	916	920	890	1,197	1,460	1,349	1,331	1,304
Operating Revenue	780	804	849	916	920	890	1,197	1,460	1,349	1,331	1,304
Total Cost of Revenue	295	442	463	645	640	329	713	825	724	435	666
Operating Cost of Revenue	295	442	463	645	640	329	713	825	724	435	666
Total Operating Expenses	376	244	254	142	145	413	234	245	248	516	293
Selling, General & Admin Expense	40	39	41	52	51	55	65	70	73	80	83
Depreciation Expense	60	73	73	75	78	82	91	93	98	107	118
Other Operating Expenses / (Income)	275	132	140	16	16	276	77	83	77	329	92
Total Other Income / (Expense), net	-29	-34	-33	-32	-31	-32	-37	-33	-14	-13	-23
Interest Expense	31	32	30	30	36	34	38	36	38	42	47
Other Income / (Expense), net	2.18	-2.21	-2.99	-2.05	5.11	2.62	0.88	3.11	23	28	24
Income Tax Expense	22	20	27	15	17	20	36	73	69	65	46
Basic Earnings per Share	$1.58	$1.62	$1.84	$2.08	$2.19	$2.35	$4.26	$6.83	$7.06	$7.22	$6.59
Weighted Average Basic Shares Outstanding	37.49M	38.55M	39.46M	39.60M	39.72M	40.71M	41.49M	41.59M	41.67M	41.78M	41.86M
Diluted Earnings per Share	$1.58	$1.61	$1.82	$2.06	$2.17	$2.34	$4.23	$6.78	$7.00	$7.17	$6.55
Weighted Average Diluted Shares Outstanding	37.67M	38.73M	39.75M	39.89M	39.95M	40.91M	41.82M	41.93M	42.04M	42.07M	42.12M
Weighted Average Basic & Diluted Shares Outstanding	37.60M	38.50M	39.40M	39.60M	40.21M	41.51M	41.61M	41.63M	41.71M	41.83M	41.95M
Cash Dividends to Common per Share	$1.23	$1.25	$1.28	$1.34	$1.40	$1.48	$1.56	$1.65	$1.75	$1.87	$2.10

This table shows Otter Tail's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	92	58	74	87	85	55	68	78	78	52	73
Consolidated Net Income / (Loss)	92	58	74	87	85	55	68	78	78	52	73
Net Income / (Loss) Continuing Operations	92	58	74	87	85	55	68	78	78	52	73
Total Pre-Tax Income	117	69	92	108	104	63	78	91	91	62	77
Total Operating Income	121	70	95	111	108	67	84	97	97	68	85
Total Gross Profit	185	135	144	159	157	138	139	148	148	203	141
Total Revenue	358	314	347	342	338	303	337	333	326	308	347
Operating Revenue	358	314	347	342	338	303	337	333	326	308	347
Total Cost of Revenue	173	180	203	183	181	165	198	185	177	105	206
Operating Cost of Revenue	173	180	203	183	181	165	198	185	177	105	206
Total Operating Expenses	64	64	49	48	50	72	55	51	52	135	56
Selling, General & Admin Expense	16	21	19	18	19	24	21	17	18	26	22
Depreciation Expense	25	25	26	27	27	28	29	29	30	30	30
Other Operating Expenses / (Income)	24	18	4.37	3.62	3.71	20	4.23	4.23	4.33	79	4.46
Total Other Income / (Expense), net	-4.42	-1.11	-2.83	-3.32	-3.39	-3.82	-5.82	-6.08	-5.50	-6.02	-7.75
Interest Expense	9.18	9.39	9.85	10	11	11	12	12	12	12	13
Interest & Investment Income	-	-	2.44	2.39	2.37	-	1.28	0.85	0.30	-	0.44
Other Income / (Expense), net	4.76	8.28	4.58	4.49	5.42	6.77	4.46	4.79	5.99	8.59	4.44
Income Tax Expense	25	11	18	21	19	8.15	10	14	13	9.83	4.88
Basic Earnings per Share	$2.21	$1.38	$1.78	$2.08	$2.04	$1.32	$1.63	$1.86	$1.87	$1.23	$1.73
Weighted Average Basic Shares Outstanding	41.68M	41.67M	41.72M	41.78M	41.80M	41.78M	41.83M	41.87M	41.88M	41.86M	41.90M
Diluted Earnings per Share	$2.19	$1.37	$1.77	$2.07	$2.03	$1.30	$1.62	$1.85	$1.86	$1.22	$1.73
Weighted Average Diluted Shares Outstanding	42.06M	42.04M	42.03M	42.07M	42.08M	42.07M	42.06M	42.12M	42.14M	42.12M	42.07M
Weighted Average Basic & Diluted Shares Outstanding	41.71M	41.71M	41.81M	41.83M	41.83M	41.83M	41.90M	41.91M	41.91M	41.95M	41.98M
Cash Dividends to Common per Share	$0.44	-	$0.47	$0.47	$0.47	-	$0.53	$0.53	$0.53	-	$0.58

This table details how cash moves in and out of Otter Tail's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-39	0.00	16	-15	20	-20	0.37	117	111	64	92
Net Cash From Operating Activities	118	163	174	143	185	212	231	389	404	453	386
Net Cash From Continuing Operating Activities	132	163	174	143	185	212	231	389	404	453	386
Net Income / (Loss) Continuing Operations	59	62	72	82	87	96	177	284	294	302	276
Consolidated Net Income / (Loss)	59	62	72	82	87	96	177	284	294	302	276
Depreciation Expense	60	73	73	75	78	82	91	93	98	107	118
Non-Cash Adjustments To Reconcile Net Income	-16	1.53	2.18	3.04	13	14	9.41	7.89	-0.64	0.75	-2.29
Changes in Operating Assets and Liabilities, net	28	26	26	-17	6.90	20	-46	4.64	13	43	-5.72
Net Cash From Investing Activities	-156	-159	-133	-107	-209	-376	-172	-175	-289	-411	-291
Net Cash From Continuing Investing Activities	-194	-159	-133	-107	-209	-376	-172	-175	-289	-411	-291
Purchase of Property, Plant & Equipment	-160	-161	-133	-105	-207	-372	-172	-171	-287	-359	-288
Purchase of Investments	-6.30	-4.40	-4.17	-4.37	-11	-9.11	-9.38	-8.28	-8.38	-62	-9.58
Sale of Property, Plant & Equipment	3.59	4.84	4.49	2.38	8.52	5.01	9.70	4.35	6.23	8.85	6.93
Net Cash From Financing Activities	38	-4.06	-25	-51	45	144	-59	-97	-3.84	23	-3.72
Net Cash From Continuing Financing Activities	38	-4.06	-25	-51	45	144	-59	-97	-3.84	23	-3.72
Repayment of Debt	-0.52	-126	-49	-95	-17	3.65	-144	-32	-0.90	-12	-13
Payment of Dividends	-46	-48	-51	-53	-56	-60	-65	-69	-73	-78	-88
Issuance of Debt	70	130	69	100	100	150	150	7.04	73	120	100
Other Financing Activities, net	2.86	-3.36	2.43	-0.35	-2.73	-2.07	-1.51	-2.94	-3.09	-6.46	-3.13
Cash Interest Paid	-	-	-	28	30	33	37	36	37	39	46
Cash Income Taxes Paid	-	-	-	6.11	4.80	5.18	8.45	43	46	58	11

This table details how cash moves in and out of Otter Tail's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	39	41	7.79	-7.49	49	15	-9.84	22	19	60	-38
Net Cash From Operating Activities	134	86	72	152	99	130	39	120	130	97	71
Net Cash From Continuing Operating Activities	134	86	72	152	99	130	39	120	130	97	71
Net Income / (Loss) Continuing Operations	92	58	74	87	85	55	68	78	78	52	73
Consolidated Net Income / (Loss)	92	58	74	87	85	55	68	78	78	52	73
Depreciation Expense	25	25	26	27	27	28	29	29	30	30	30
Non-Cash Adjustments To Reconcile Net Income	0.54	-3.16	9.93	0.02	-1.99	0.66	4.63	-2.01	-4.15	-0.77	6.42
Changes in Operating Assets and Liabilities, net	17	6.07	-38	38	-11	47	-63	15	26	16	-38
Net Cash From Investing Activities	-78	-57	-76	-152	-84	-99	-61	-66	-89	-75	-187
Net Cash From Continuing Investing Activities	-78	-57	-76	-152	-84	-99	-61	-66	-89	-75	-187
Purchase of Property, Plant & Equipment	-78	-57	-74	-101	-84	-99	-58	-66	-89	-75	-185
Purchase of Investments	-	-1.46	-4.33	-53	-	-	-4.18	-1.40	-2.06	-1.94	-4.69
Sale of Property, Plant & Equipment	1.78	1.48	2.50	2.63	1.56	2.17	1.28	1.52	2.17	1.97	2.97
Net Cash From Financing Activities	-17	12	12	-6.85	34	-16	12	-31	-22	38	79
Net Cash From Continuing Financing Activities	-17	12	12	-6.85	34	-16	12	-31	-22	38	79
Repayment of Debt	1.30	-43	-1.52	-0.09	-14	3.46	-13	-59	70	-9.51	6.78
Payment of Dividends	-18	-18	-20	-20	-20	-20	-22	-22	-22	-22	-24
Issuance of Debt	-	73	39	13	69	-	50	50	-70	70	100
Other Financing Activities, net	-	-	-5.75	0.00	-0.70	-	-3.13	-	-	-	-3.97

This table presents Otter Tail's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,819	1,912	2,004	2,053	2,274	2,578	2,755	2,902	3,243	3,652	3,964
Total Current Assets	207	208	239	241	255	235	369	453	570	630	800
Cash & Equivalents	0.00	0.00	16	0.86	21	1.16	1.54	119	230	295	386
Short-Term Investments	-	-	-	-	-	-	-	-	-	0.75	54
Accounts Receivable	90	94	99	109	108	114	175	144	157	146	145
Inventories, net	85	84	88	106	98	92	148	146	150	149	159
Other Current Assets	27	29	35	23	28	28	44	43	33	40	55
Plant, Property, & Equipment, net	1,388	1,477	1,540	1,581	1,754	0.00	2,125	2,213	2,418	2,692	2,877
Total Noncurrent Assets	224	227	226	230	265	2,344	261	236	254	330	288
Long-Term Investments	8.28	8.42	8.63	8.96	45	52	57	55	63	121	79
Goodwill	40	38	38	38	38	38	38	38	38	38	38
Intangible Assets	16	15	14	12	11	10	9.04	7.94	6.84	5.74	4.64
Other Noncurrent Operating Assets	160	166	166	171	171	195	158	136	147	165	167
Total Liabilities & Shareholders' Equity	1,819	1,912	2,004	2,053	2,274	2,578	2,755	2,902	3,243	3,652	3,964
Total Liabilities	1,214	1,242	1,304	1,322	1,492	1,707	1,764	1,684	1,800	1,984	2,103
Total Current Liabilities	271	216	257	170	190	437	388	238	310	310	351
Short-Term Debt	133	76	113	19	6.18	221	121	8.20	81	70	140
Accounts Payable	89	89	85	96	121	121	135	104	94	114	94
Current Employee Benefit Liabilities	16	17	22	25	23	27	32	32	38	34	36
Other Taxes Payable	-	16	17	17	18	19	19	19	27	17	18
Other Current Liabilities	15	15	21	13	23	49	81	73	69	75	63
Total Noncurrent Liabilities	943	1,027	1,047	1,152	1,302	1,271	1,376	1,447	1,490	1,674	1,752
Long-Term Debt	444	505	490	590	690	624	734	824	824	944	964
Asset Retirement Reserve & Litigation Obligation	77	82	233	226	240	234	234	244	277	289	297
Noncurrent Deferred & Payable Income Tax Liabilities	232	249	122	141	151	171	205	237	252	283	320
Noncurrent Employee Benefit Liabilities	154	160	179	170	170	181	140	80	61	60	64
Other Noncurrent Operating Liabilities	24	22	23	24	52	60	63	61	76	98	106
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	605	670	697	729	781	871	991	1,217	1,443	1,668	1,862
Total Preferred & Common Equity	605	670	697	729	781	871	991	1,217	1,443	1,668	1,862
Total Common Equity	605	670	697	729	781	871	991	1,217	1,443	1,668	1,862
Common Stock	483	534	541	543	566	622	628	631	636	638	644
Retained Earnings	126	139	161	190	222	258	370	585	806	1,030	1,218
Accumulated Other Comprehensive Income / (Loss)	-3.90	-3.80	-5.63	-4.14	-6.44	-8.51	-6.52	0.92	1.15	0.53	0.47

This table presents Otter Tail's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,898	2,987	3,094	3,187	3,326	3,461	3,567	3,697	3,765	3,844	4,153
Total Current Assets	460	454	524	557	608	614	650	651	674	737	799
Cash & Equivalents	73	104	151	189	238	231	280	285	307	326	348
Short-Term Investments	-	-	-	-	-	-	-	-	-	54	55
Accounts Receivable	194	175	195	193	196	192	186	184	181	167	183
Inventories, net	146	145	144	142	148	162	153	148	152	156	157
Other Current Assets	47	30	34	32	26	30	31	35	35	35	55
Plant, Property, & Equipment, net	2,187	2,289	2,316	2,387	2,459	2,539	2,605	2,709	2,754	2,821	3,065
Total Noncurrent Assets	251	244	254	243	259	308	312	336	337	286	289
Long-Term Investments	53	58	60	59	66	117	121	125	128	78	79
Goodwill	38	38	38	38	38	38	38	38	38	38	38
Intangible Assets	8.22	7.67	7.39	7.12	6.57	6.29	6.02	5.47	5.19	4.92	4.38
Other Noncurrent Operating Assets	152	140	149	139	149	147	147	168	166	166	168
Total Liabilities & Shareholders' Equity	2,898	2,987	3,094	3,187	3,326	3,461	3,567	3,697	3,765	3,844	4,153
Total Liabilities	1,714	1,724	1,766	1,785	1,829	1,895	1,933	1,979	1,991	2,012	2,245
Total Current Liabilities	242	262	301	310	208	271	300	248	203	206	392
Short-Term Debt	0.00	61	50	51	0.00	13	67	59	0.00	0.00	148
Accounts Payable	122	94	105	103	92	127	89	81	98	95	133
Current Employee Benefit Liabilities	27	20	26	32	22	26	31	24	25	32	28
Other Taxes Payable	26	23	32	50	26	21	29	20	16	21	19
Other Current Liabilities	67	65	46	73	68	85	83	65	64	57	64
Total Noncurrent Liabilities	1,472	1,461	641	1,475	1,620	1,624	1,634	1,731	1,787	1,806	1,853
Long-Term Debt	824	824	824	824	944	944	944	994	1,043	1,043	1,063
Asset Retirement Reserve & Litigation Obligation	241	245	246	276	277	275	283	291	290	296	302
Noncurrent Deferred & Payable Income Tax Liabilities	229	246	247	250	262	264	266	286	293	303	322
Noncurrent Employee Benefit Liabilities	118	81	81	59	60	61	60	59	59	59	64
Other Noncurrent Operating Liabilities	61	65	67	65	78	81	81	101	103	105	101
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,184	1,264	1,328	1,403	1,497	1,566	1,633	1,717	1,774	1,831	1,908
Total Preferred & Common Equity	1,184	1,264	1,328	1,403	1,497	1,566	1,633	1,717	1,774	1,831	1,908
Total Common Equity	1,184	1,264	1,328	1,403	1,497	1,566	1,633	1,717	1,774	1,831	1,908
Common Stock	631	633	634	635	635	636	637	641	642	643	642
Retained Earnings	560	629	693	767	861	929	994	1,076	1,132	1,188	1,266
Accumulated Other Comprehensive Income / (Loss)	-6.98	0.97	0.88	1.17	1.06	0.76	1.98	0.73	0.73	0.74	0.27

This table displays calculated financial ratios and metrics derived from Otter Tail's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.43%	3.04%	5.70%	7.90%	0.33%	-3.20%	34.46%	22.01%	-7.60%	-1.38%	-1.99%
EBITDA Growth	6.57%	9.38%	7.44%	0.08%	7.96%	6.63%	47.05%	42.17%	2.67%	3.35%	-5.47%
EBIT Growth	8.05%	2.72%	13.00%	-1.51%	9.93%	7.51%	66.50%	57.05%	1.93%	1.88%	-9.59%
NOPAT Growth	3.45%	10.42%	9.15%	14.35%	2.19%	8.74%	69.81%	49.63%	-1.44%	2.22%	-5.35%
Net Income Growth	2.81%	5.01%	16.24%	13.68%	5.47%	10.37%	84.42%	60.77%	3.52%	2.54%	-8.54%
EPS Growth	0.64%	1.90%	13.04%	13.19%	5.34%	7.83%	80.77%	60.28%	3.24%	2.43%	-8.65%
Operating Cash Flow Growth	4.50%	39.00%	6.24%	-17.36%	28.99%	14.53%	9.12%	68.35%	3.90%	11.92%	-14.74%
Free Cash Flow Firm Growth	-125.09%	140.60%	221.66%	-6.04%	-46.41%	6,018.28%	-202.48%	111.32%	-43.48%	-18.72%	11.68%
Invested Capital Growth	12.16%	5.84%	2.72%	4.02%	6.09%	-127.35%	563.37%	4.91%	9.60%	10.24%	7.99%
Revenue Q/Q Growth	-0.59%	0.99%	1.20%	1.61%	-0.59%	1.27%	9.76%	-2.13%	0.97%	-0.83%	0.38%
EBITDA Q/Q Growth	3.73%	1.01%	2.07%	-5.46%	7.63%	-2.88%	15.05%	-2.65%	4.79%	-0.49%	-0.49%
EBIT Q/Q Growth	4.63%	-0.36%	2.82%	-8.12%	11.15%	-4.95%	20.30%	-3.14%	5.32%	-1.15%	-1.23%
NOPAT Q/Q Growth	1.00%	8.72%	-3.69%	-1.43%	4.07%	-0.91%	19.32%	-3.73%	4.09%	-0.20%	-0.44%
Net Income Q/Q Growth	7.44%	4.93%	1.16%	-4.83%	7.68%	-1.73%	22.91%	-3.27%	5.66%	-0.96%	-1.10%
EPS Q/Q Growth	7.48%	3.87%	0.55%	-5.07%	7.43%	-2.09%	22.61%	-3.28%	5.58%	-0.97%	-1.21%
Operating Cash Flow Q/Q Growth	-13.37%	0.82%	6.67%	-10.55%	25.25%	-4.18%	2.59%	6.82%	-3.65%	10.75%	-7.86%
Free Cash Flow Firm Q/Q Growth	-1,456.91%	-7.73%	13.08%	-14.60%	269.29%	4,838.67%	-7,379.65%	11.98%	-13.74%	2.01%	-6.23%
Invested Capital Q/Q Growth	0.20%	0.89%	0.01%	0.65%	-2.55%	-123.94%	1.68%	-0.34%	1.27%	1.03%	1.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.17%	44.93%	45.43%	29.59%	30.40%	63.01%	40.39%	43.53%	46.36%	48.40%	48.96%
EBITDA Margin	22.03%	23.38%	23.76%	22.04%	23.72%	26.13%	28.57%	33.29%	36.99%	38.77%	37.39%
Operating Margin	14.01%	14.51%	15.58%	14.12%	14.67%	16.61%	20.86%	26.74%	28.01%	28.58%	26.51%
EBIT Margin	14.28%	14.24%	15.22%	13.90%	15.22%	16.91%	20.94%	26.95%	29.73%	30.72%	28.33%
Profit (Net Income) Margin	7.61%	7.76%	8.53%	8.99%	9.45%	10.77%	14.77%	19.46%	21.81%	22.67%	21.16%
Tax Burden Percent	73.97%	75.50%	72.66%	84.95%	83.28%	82.59%	83.06%	79.48%	80.94%	82.22%	85.61%
Interest Burden Percent	72.03%	72.13%	77.10%	76.12%	74.50%	77.11%	84.93%	90.85%	90.61%	89.77%	87.22%
Effective Tax Rate	26.97%	24.50%	27.34%	15.05%	16.72%	17.41%	16.94%	20.52%	19.06%	17.78%	14.39%
Return on Invested Capital (ROIC)	7.17%	7.28%	7.62%	8.43%	8.20%	23.84%	29.59%	16.94%	15.56%	14.47%	12.56%
ROIC Less NNEP Spread (ROIC-NNEP)	3.27%	2.78%	3.52%	3.76%	4.06%	32.21%	42.92%	13.35%	13.72%	12.65%	9.17%
Return on Net Nonoperating Assets (RNNOA)	2.91%	2.50%	2.98%	3.12%	3.30%	-12.23%	-10.60%	8.80%	6.56%	4.92%	3.07%
Return on Equity (ROE)	10.08%	9.77%	10.60%	11.55%	11.50%	11.60%	18.99%	25.74%	22.12%	19.39%	15.63%
Cash Return on Invested Capital (CROIC)	-4.29%	1.60%	4.94%	4.49%	2.29%	0.00%	-109.98%	12.15%	6.40%	4.73%	4.88%
Operating Return on Assets (OROA)	6.26%	6.13%	6.60%	6.28%	6.47%	6.20%	9.40%	13.92%	13.06%	11.86%	9.70%
Return on Assets (ROA)	3.33%	3.34%	3.70%	4.06%	4.02%	3.95%	6.63%	10.05%	9.58%	8.75%	7.24%
Return on Common Equity (ROCE)	10.08%	9.77%	10.60%	11.55%	11.50%	11.60%	18.99%	25.74%	22.12%	19.39%	15.63%
Return on Equity Simple (ROE_SIMPLE)	9.81%	9.30%	10.39%	11.30%	11.11%	11.01%	17.84%	23.35%	20.39%	18.08%	0.00%
Net Operating Profit after Tax (NOPAT)	80	88	96	110	112	122	207	310	306	313	296
NOPAT Margin	10.23%	10.96%	11.32%	11.99%	12.22%	13.72%	17.33%	21.25%	22.67%	23.50%	22.69%
Net Nonoperating Expense Percent (NNEP)	3.90%	4.50%	4.10%	4.66%	4.14%	-8.38%	-13.33%	3.59%	1.84%	1.82%	3.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.14%	13.02%	11.66%	9.98%
Cost of Revenue to Revenue	37.83%	55.07%	54.57%	70.41%	69.60%	36.99%	59.61%	56.47%	53.64%	51.60%	51.04%
SG&A Expenses to Revenue	5.13%	4.81%	4.89%	5.62%	5.52%	6.18%	5.46%	4.77%	5.39%	6.02%	6.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	48.16%	30.42%	29.86%	15.47%	15.73%	46.39%	19.53%	16.79%	18.35%	19.83%	22.45%
Earnings before Interest and Taxes (EBIT)	111	114	129	127	140	151	251	394	401	409	370
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	172	188	202	202	218	233	342	486	499	516	488
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.92	2.09	2.31	2.29	1.83	2.81	1.91	2.39	1.84	1.81
Price to Tangible Book Value (P/TBV)	1.41	2.09	2.26	2.48	2.45	1.93	2.95	1.98	2.46	1.89	1.85
Price to Revenue (P/Rev)	1.00	1.60	1.72	1.84	1.95	1.79	2.32	1.59	2.55	2.31	2.58
Price to Earnings (P/E)	13.09	20.66	20.14	20.43	20.63	16.59	15.73	8.17	11.71	10.17	12.19
Dividend Yield	5.98%	3.81%	3.47%	3.16%	3.11%	3.82%	2.33%	2.96%	2.12%	2.55%	2.62%
Earnings Yield	7.64%	4.84%	4.97%	4.89%	4.85%	6.03%	6.36%	12.24%	8.54%	9.83%	8.20%
Enterprise Value to Invested Capital (EV/IC)	1.14	1.50	1.59	1.72	1.72	0.00	2.00	1.59	1.97	1.62	1.61
Enterprise Value to Revenue (EV/Rev)	1.73	2.32	2.40	2.49	2.63	2.68	2.99	2.04	3.01	2.76	3.03
Enterprise Value to EBITDA (EV/EBITDA)	7.83	9.90	10.09	11.29	11.10	10.25	10.46	6.13	8.13	7.11	8.10
Enterprise Value to EBIT (EV/EBIT)	12.08	16.26	15.75	17.92	17.29	15.83	14.28	7.57	10.12	8.97	10.69
Enterprise Value to NOPAT (EV/NOPAT)	16.87	21.13	21.19	20.76	21.55	19.51	17.25	9.60	13.27	11.73	13.34
Enterprise Value to Operating Cash Flow (EV/OCF)	11.45	11.39	11.73	15.90	13.08	11.24	15.47	7.66	10.03	8.10	10.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	96.10	32.70	38.99	77.20	1.24	0.00	13.39	32.27	35.86	34.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.95	0.87	0.87	0.84	0.89	0.97	0.86	0.68	0.63	0.61	0.59
Long-Term Debt to Equity	0.73	0.75	0.70	0.81	0.88	0.72	0.74	0.68	0.57	0.57	0.52
Financial Leverage	0.89	0.90	0.85	0.83	0.81	-0.38	-0.25	0.66	0.48	0.39	0.33
Leverage Ratio	3.02	2.93	2.87	2.85	2.86	2.94	2.86	2.56	2.31	2.22	2.16
Compound Leverage Factor	2.18	2.11	2.21	2.17	2.13	2.26	2.43	2.33	2.09	1.99	1.88
Debt to Total Capital	48.81%	46.46%	46.39%	45.51%	47.10%	49.26%	46.33%	40.60%	38.56%	37.79%	37.22%
Short-Term Debt to Total Capital	11.26%	6.08%	8.66%	1.40%	0.42%	12.88%	6.56%	0.40%	3.47%	2.60%	4.73%
Long-Term Debt to Total Capital	37.55%	40.38%	37.73%	44.11%	46.68%	36.38%	39.76%	40.20%	35.09%	35.19%	32.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.19%	53.54%	53.61%	54.49%	52.90%	50.74%	53.67%	59.40%	61.44%	62.21%	62.78%
Debt to EBITDA	3.36	3.09	2.99	3.01	3.19	3.64	2.50	1.71	1.81	1.96	2.26
Net Debt to EBITDA	3.31	3.05	2.86	2.97	2.89	3.41	2.33	1.35	1.23	1.16	1.20
Long-Term Debt to EBITDA	2.58	2.69	2.43	2.92	3.16	2.69	2.15	1.69	1.65	1.83	1.98
Debt to NOPAT	7.23	6.60	6.27	5.54	6.19	6.92	4.12	2.68	2.96	3.24	3.73
Net Debt to NOPAT	7.13	6.51	6.01	5.45	5.60	6.49	3.84	2.12	2.00	1.91	1.97
Long-Term Debt to NOPAT	5.57	5.74	5.10	5.37	6.14	5.11	3.54	2.65	2.69	3.02	3.26
Altman Z-Score	1.07	1.34	1.41	1.59	1.50	1.14	1.86	2.15	2.42	2.16	2.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.96	0.93	1.42	1.34	0.54	0.95	1.91	1.84	2.03	2.28
Quick Ratio	0.33	0.44	0.45	0.64	0.68	0.26	0.46	1.11	1.25	1.42	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-48	19	62	59	31	1,919	-1,966	223	126	102	115
Operating Cash Flow to CapEx	75.11%	104.45%	135.16%	139.21%	93.06%	57.82%	142.63%	233.42%	144.00%	129.43%	137.29%
Free Cash Flow to Firm to Interest Expense	-1.53	0.61	2.10	1.92	0.88	55.70	-52.05	6.18	3.34	2.44	2.44
Operating Cash Flow to Interest Expense	3.77	5.12	5.86	4.72	5.18	6.15	6.12	10.81	10.74	10.83	8.17
Operating Cash Flow Less CapEx to Interest Expense	-1.25	0.22	1.53	1.33	-0.39	-4.49	1.83	6.18	3.28	2.46	2.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.43	0.43	0.45	0.43	0.37	0.45	0.52	0.44	0.39	0.34
Accounts Receivable Turnover	8.60	8.73	8.81	8.85	8.51	8.03	8.29	9.15	8.95	8.78	8.95
Inventory Turnover	3.46	5.23	5.40	6.64	6.27	3.47	5.93	5.60	4.90	4.60	4.33
Fixed Asset Turnover	0.59	0.56	0.56	0.59	0.55	0.00	0.00	0.67	0.58	0.52	0.47
Accounts Payable Turnover	3.00	4.95	5.33	7.13	5.90	2.73	5.58	6.89	7.28	6.60	6.43
Days Sales Outstanding (DSO)	42.42	41.81	41.43	41.25	42.90	45.43	44.05	39.91	40.79	41.57	40.79
Days Inventory Outstanding (DIO)	105.54	69.77	67.64	54.96	58.21	105.32	61.56	65.17	74.56	79.38	84.30
Days Payable Outstanding (DPO)	121.56	73.76	68.53	51.18	61.90	133.80	65.41	53.00	50.14	55.30	56.80
Cash Conversion Cycle (CCC)	26.40	37.81	40.55	45.03	39.21	16.96	40.20	52.07	65.21	65.66	68.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,176	1,244	1,278	1,330	1,411	-386	1,788	1,876	2,056	2,266	2,446
Invested Capital Turnover	0.70	0.66	0.67	0.70	0.67	1.74	1.71	0.80	0.69	0.62	0.55
Increase / (Decrease) in Invested Capital	127	69	34	51	81	-1,796	2,174	88	180	210	181
Enterprise Value (EV)	1,345	1,861	2,037	2,281	2,421	2,383	3,577	2,981	4,059	3,666	3,948
Market Capitalization	777	1,288	1,459	1,683	1,792	1,590	2,781	2,322	3,446	3,068	3,364
Book Value per Share	$16.03	$17.06	$17.62	$18.38	$19.66	$21.21	$23.85	$29.24	$34.60	$39.89	$44.43
Tangible Book Value per Share	$14.56	$15.73	$16.32	$17.11	$18.43	$20.05	$22.73	$28.15	$33.53	$38.85	$43.42
Total Capital	1,182	1,252	1,300	1,338	1,477	1,716	1,846	2,049	2,348	2,682	2,966
Total Debt	577	581	603	609	696	846	855	832	905	1,013	1,104
Total Long-Term Debt	444	505	490	590	690	624	734	824	824	944	964
Net Debt	569	573	578	599	629	792	797	658	613	598	584
Capital Expenditures (CapEx)	156	156	128	103	199	367	162	167	281	350	281
Debt-free, Cash-free Net Working Capital (DFCFNWC)	69	68	79	89	50	18	101	104	111	95	148
Debt-free Net Working Capital (DFNWC)	69	68	95	90	71	19	103	223	342	390	589
Net Working Capital (NWC)	-64	-7.66	-18	71	65	-202	-18	215	260	320	449
Net Nonoperating Expense (NNE)	20	26	24	28	25	26	31	26	12	11	20
Net Nonoperating Obligations (NNO)	571	574	581	601	629	-1,257	797	658	613	598	584
Total Depreciation and Amortization (D&A)	60	73	73	75	78	82	91	93	98	107	118
Debt-free, Cash-free Net Working Capital to Revenue	8.81%	8.52%	9.28%	9.74%	5.45%	2.02%	8.46%	7.14%	8.26%	7.16%	11.38%
Debt-free Net Working Capital to Revenue	8.81%	8.52%	11.19%	9.83%	7.75%	2.15%	8.59%	15.29%	25.34%	29.30%	45.16%
Net Working Capital to Revenue	-8.26%	-0.95%	-2.06%	7.78%	7.08%	-22.69%	-1.53%	14.73%	19.30%	24.07%	34.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$1.62	$1.84	$2.08	$2.19	$2.35	$4.26	$6.83	$7.06	$7.22	$6.59
Adjusted Weighted Average Basic Shares Outstanding	374.95M	38.55M	39.46M	39.60M	39.72M	40.71M	41.49M	41.59M	41.67M	41.78M	41.86M
Adjusted Diluted Earnings per Share	$1.58	$1.61	$1.82	$2.06	$2.17	$2.34	$4.23	$6.78	$7.00	$7.17	$6.55
Adjusted Weighted Average Diluted Shares Outstanding	37.67M	38.73M	39.75M	39.89M	39.95M	40.91M	41.82M	41.93M	42.04M	42.07M	42.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	38.00M	39.41M	39.63M	39.73M	40.21M	41.51M	41.61M	41.63M	41.71M	41.83M	41.95M
Normalized Net Operating Profit after Tax (NOPAT)	80	88	96	110	112	122	207	310	306	313	296
Normalized NOPAT Margin	10.23%	10.96%	11.32%	11.99%	12.22%	13.72%	17.33%	21.25%	22.67%	23.50%	22.69%
Pre Tax Income Margin	10.29%	10.27%	11.74%	10.58%	11.34%	13.04%	17.78%	24.49%	26.94%	27.57%	24.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.57	3.59	4.37	4.19	3.92	4.37	6.63	10.93	10.65	9.77	7.82
NOPAT to Interest Expense	2.56	2.76	3.25	3.61	3.15	3.55	5.49	8.62	8.12	7.48	6.27
EBIT Less CapEx to Interest Expense	-1.45	-1.32	0.03	0.80	-1.65	-6.27	2.34	6.30	3.19	1.41	1.87
NOPAT Less CapEx to Interest Expense	-2.46	-2.14	-1.09	0.23	-2.42	-7.10	1.20	3.99	0.66	-0.89	0.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.89%	77.41%	69.90%	64.60%	64.16%	62.92%	36.69%	24.19%	24.83%	25.94%	31.92%
Augmented Payout Ratio	80.58%	78.48%	72.38%	68.39%	64.16%	62.92%	36.69%	24.19%	24.83%	25.94%	31.92%

This table displays calculated financial ratios and metrics derived from Otter Tail's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,907,050.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,907,050.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.72%	4.28%	2.36%	1.37%	-5.59%	-3.56%	-2.80%	-2.71%	-3.69%	1.65%	2.87%
EBITDA Growth	8.47%	28.24%	17.27%	6.22%	-5.35%	-2.46%	-6.07%	-7.28%	-5.62%	-2.21%	1.55%
EBIT Growth	8.55%	34.92%	19.71%	5.43%	-8.38%	-6.09%	-11.15%	-11.40%	-9.18%	-5.67%	1.38%
NOPAT Growth	4.16%	25.17%	15.20%	5.26%	-7.54%	-0.88%	-4.51%	-7.57%	-5.94%	-2.31%	9.17%
Net Income Growth	9.18%	37.52%	18.98%	6.13%	-7.06%	-5.05%	-8.39%	-10.65%	-8.41%	-5.61%	6.62%
EPS Growth	8.96%	37.00%	18.79%	6.15%	-7.31%	-5.11%	-8.47%	-10.63%	-8.37%	-6.15%	6.79%
Operating Cash Flow Growth	19.28%	-15.13%	29.45%	17.53%	-25.88%	51.10%	-45.12%	-20.88%	30.47%	-25.33%	78.90%
Free Cash Flow Firm Growth	-64.40%	-196.85%	-5.10%	45.96%	-137.27%	-25.41%	-103.30%	-146.35%	26.61%	18.09%	-31.61%
Invested Capital Growth	7.87%	9.60%	7.57%	6.91%	10.50%	10.24%	10.44%	9.57%	7.78%	7.99%	11.75%
Revenue Q/Q Growth	6.02%	-12.22%	10.42%	-1.36%	-1.26%	-10.33%	11.30%	-1.28%	-2.25%	-5.36%	12.63%
EBITDA Q/Q Growth	10.64%	-31.07%	20.69%	12.92%	-1.41%	-28.97%	16.51%	11.77%	0.35%	-19.83%	12.95%
EBIT Q/Q Growth	12.66%	-37.75%	26.46%	15.48%	-2.09%	-36.19%	20.19%	15.59%	0.34%	-25.72%	17.68%
NOPAT Q/Q Growth	12.03%	-38.51%	30.54%	17.05%	-1.59%	-34.08%	25.76%	13.30%	0.14%	-31.54%	40.55%
Net Income Q/Q Growth	12.21%	-37.19%	28.69%	17.03%	-1.74%	-35.83%	24.16%	14.14%	0.73%	-33.87%	40.24%
EPS Q/Q Growth	12.31%	-37.44%	29.20%	16.95%	-1.93%	-35.96%	24.62%	14.20%	0.54%	-34.41%	41.80%
Operating Cash Flow Q/Q Growth	3.92%	-35.82%	-16.38%	110.74%	-34.47%	30.85%	-69.63%	203.81%	8.06%	-25.11%	-27.23%
Free Cash Flow Firm Q/Q Growth	44.02%	-130.79%	39.26%	31.14%	-145.81%	-21.98%	1.54%	16.55%	26.78%	-35.48%	-58.99%
Invested Capital Q/Q Growth	-0.20%	1.27%	3.95%	1.76%	3.16%	1.03%	4.14%	0.95%	1.48%	1.18%	7.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.76%	42.79%	46.63%	50.14%	50.92%	45.67%	41.17%	44.58%	45.55%	65.81%	40.76%
EBITDA Margin	42.01%	32.99%	36.85%	42.19%	42.12%	33.37%	34.93%	39.54%	40.59%	34.38%	34.48%
Operating Margin	33.83%	22.30%	27.37%	32.40%	31.81%	22.05%	24.90%	29.26%	29.67%	21.95%	24.56%
EBIT Margin	35.16%	24.93%	29.39%	34.41%	34.12%	24.28%	26.22%	30.70%	31.51%	24.73%	25.84%
Profit (Net Income) Margin	25.69%	18.38%	21.42%	25.41%	25.29%	18.10%	20.19%	23.34%	24.05%	16.80%	20.92%
Tax Burden Percent	78.81%	83.75%	80.67%	80.86%	82.07%	87.06%	87.10%	85.06%	85.93%	84.04%	93.71%
Interest Burden Percent	92.71%	88.02%	90.34%	91.34%	90.31%	85.61%	88.39%	89.37%	88.80%	80.84%	86.40%
Effective Tax Rate	21.19%	16.25%	19.33%	19.14%	17.93%	12.94%	12.90%	14.94%	14.07%	15.96%	6.29%
Return on Invested Capital (ROIC)	18.21%	12.82%	14.53%	16.96%	16.40%	11.82%	12.74%	14.33%	14.22%	10.21%	12.10%
ROIC Less NNEP Spread (ROIC-NNEP)	17.69%	12.67%	14.20%	16.55%	15.95%	11.27%	11.95%	13.48%	13.43%	9.35%	11.04%
Return on Net Nonoperating Assets (RNNOA)	9.06%	6.05%	7.00%	7.51%	6.50%	4.38%	4.76%	4.91%	4.63%	3.13%	4.18%
Return on Equity (ROE)	27.27%	18.87%	21.54%	24.47%	22.89%	16.20%	17.51%	19.24%	18.85%	13.34%	16.28%
Cash Return on Invested Capital (CROIC)	7.45%	6.40%	8.04%	8.56%	4.69%	4.73%	3.83%	4.14%	5.26%	4.88%	1.01%
Operating Return on Assets (OROA)	15.44%	10.95%	12.63%	14.30%	13.56%	9.37%	9.86%	11.14%	11.05%	8.47%	8.65%
Return on Assets (ROA)	11.28%	8.07%	9.21%	10.56%	10.05%	6.98%	7.59%	8.47%	8.43%	5.75%	7.00%
Return on Common Equity (ROCE)	27.27%	18.87%	21.54%	24.47%	22.89%	16.20%	17.51%	19.24%	18.85%	13.34%	16.28%
Return on Equity Simple (ROE_SIMPLE)	19.85%	0.00%	20.44%	19.87%	18.65%	0.00%	17.20%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	95	59	77	90	88	58	73	83	83	57	80
NOPAT Margin	26.66%	18.67%	22.08%	26.20%	26.11%	19.19%	21.69%	24.89%	25.50%	18.45%	23.02%
Net Nonoperating Expense Percent (NNEP)	0.53%	0.15%	0.34%	0.41%	0.45%	0.55%	0.79%	0.85%	0.79%	0.86%	1.06%
Return On Investment Capital (ROIC_SIMPLE)	-	2.50%	-	-	-	2.17%	2.64%	2.94%	2.89%	1.92%	2.56%
Cost of Revenue to Revenue	48.24%	57.21%	53.37%	49.86%	49.08%	54.33%	58.83%	55.42%	54.45%	34.19%	59.24%
SG&A Expenses to Revenue	4.43%	6.75%	5.45%	5.30%	5.57%	7.97%	6.31%	5.21%	5.47%	8.48%	6.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.93%	20.50%	19.27%	17.74%	19.10%	23.63%	16.27%	15.32%	15.87%	43.86%	16.20%
Earnings before Interest and Taxes (EBIT)	126	78	102	118	115	74	88	102	103	76	90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	150	104	128	144	142	101	118	132	132	106	120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.21	2.39	2.38	2.33	2.00	1.84	1.96	1.82	1.88	1.81	1.93
Price to Tangible Book Value (P/TBV)	2.28	2.46	2.45	2.39	2.06	1.89	2.01	1.87	1.92	1.85	1.97
Price to Revenue (P/Rev)	2.32	2.55	2.63	2.68	2.44	2.31	2.55	2.46	2.64	2.58	2.80
Price to Earnings (P/E)	11.13	11.71	11.65	11.71	10.73	10.17	11.38	11.29	12.31	12.19	13.13
Dividend Yield	2.32%	2.12%	2.08%	2.08%	2.35%	2.55%	2.40%	2.57%	2.49%	2.62%	2.45%
Earnings Yield	8.98%	8.54%	8.58%	8.54%	9.32%	9.83%	8.79%	8.86%	8.12%	8.20%	7.62%
Enterprise Value to Invested Capital (EV/IC)	1.84	1.97	1.97	1.96	1.73	1.62	1.70	1.61	1.66	1.61	1.67
Enterprise Value to Revenue (EV/Rev)	2.79	3.01	3.10	3.12	2.89	2.76	3.03	2.93	3.10	3.03	3.36
Enterprise Value to EBITDA (EV/EBITDA)	7.82	8.13	8.12	8.08	7.48	7.11	7.88	7.71	8.21	8.10	9.01
Enterprise Value to EBIT (EV/EBIT)	9.78	10.12	10.06	10.03	9.38	8.97	10.07	9.98	10.75	10.69	11.90
Enterprise Value to NOPAT (EV/NOPAT)	12.68	13.27	13.31	13.27	12.38	11.73	12.95	12.69	13.53	13.34	14.58
Enterprise Value to Operating Cash Flow (EV/OCF)	8.88	10.03	9.99	9.59	9.49	8.10	9.53	9.88	9.60	10.23	10.58
Enterprise Value to Free Cash Flow (EV/FCFF)	25.56	32.27	25.39	23.62	38.71	35.86	46.54	40.66	32.79	34.33	174.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.63	0.63	0.61	0.62	0.61	0.61	0.59	0.57	0.59	0.63
Long-Term Debt to Equity	0.59	0.57	0.63	0.60	0.58	0.57	0.58	0.59	0.57	0.52	0.56
Financial Leverage	0.51	0.48	0.49	0.45	0.41	0.39	0.40	0.36	0.35	0.33	0.38
Leverage Ratio	2.35	2.31	2.29	2.26	2.22	2.22	2.18	2.16	2.14	2.16	2.17
Compound Leverage Factor	2.18	2.03	2.07	2.07	2.01	1.90	1.93	1.93	1.90	1.74	1.87
Debt to Total Capital	38.43%	38.56%	38.65%	37.92%	38.23%	37.79%	38.00%	37.03%	36.29%	37.22%	38.83%
Short-Term Debt to Total Capital	2.26%	3.47%	0.00%	0.51%	2.55%	2.60%	2.12%	0.00%	0.00%	4.73%	4.74%
Long-Term Debt to Total Capital	36.17%	35.09%	38.65%	37.41%	35.69%	35.19%	35.87%	37.03%	36.29%	32.49%	34.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.57%	61.44%	61.35%	62.08%	61.77%	62.21%	62.00%	62.97%	63.71%	62.78%	61.17%
Debt to EBITDA	1.84	1.81	1.82	1.82	1.95	1.96	2.07	2.10	2.13	2.26	2.47
Net Debt to EBITDA	1.32	1.23	1.23	1.16	1.18	1.16	1.26	1.22	1.20	1.20	1.49
Long-Term Debt to EBITDA	1.73	1.65	1.82	1.79	1.82	1.83	1.95	2.10	2.13	1.98	2.17
Debt to NOPAT	2.98	2.96	2.99	2.98	3.23	3.24	3.40	3.45	3.51	3.73	4.00
Net Debt to NOPAT	2.13	2.00	2.02	1.90	1.95	1.91	2.08	2.01	1.97	1.97	2.41
Long-Term Debt to NOPAT	2.80	2.69	2.99	2.94	3.01	3.02	3.21	3.45	3.51	3.26	3.51
Altman Z-Score	2.02	2.09	2.19	2.15	2.01	1.86	1.99	1.98	2.05	1.92	1.92
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	1.84	2.92	2.27	2.17	2.03	2.62	3.31	3.57	2.28	2.04
Quick Ratio	1.23	1.25	2.08	1.56	1.56	1.42	1.89	2.40	2.65	1.67	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-53	-121	-74	-51	-125	-152	-150	-125	-92	-124	-197
Operating Cash Flow to CapEx	175.03%	154.11%	100.51%	153.30%	120.14%	134.34%	69.57%	185.30%	149.06%	133.34%	38.73%
Free Cash Flow to Firm to Interest Expense	-5.73	-12.93	-7.49	-4.98	-11.17	-14.38	-12.98	-10.67	-7.77	-10.20	-15.61
Operating Cash Flow to Interest Expense	14.60	9.16	7.30	14.85	8.89	12.27	3.42	10.23	10.99	7.98	5.59
Operating Cash Flow Less CapEx to Interest Expense	6.26	3.22	0.04	5.16	1.49	3.14	-1.49	4.71	3.62	2.00	-8.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.44	0.43	0.42	0.40	0.39	0.38	0.36	0.35	0.34	0.33
Accounts Receivable Turnover	6.91	8.95	7.31	7.04	7.07	8.78	6.96	7.04	7.36	8.95	7.15
Inventory Turnover	4.92	4.90	4.84	4.63	4.75	4.60	4.61	4.36	4.40	4.33	4.42
Fixed Asset Turnover	0.58	0.58	0.57	0.56	0.54	0.52	0.51	0.50	0.48	0.47	0.46
Accounts Payable Turnover	6.30	7.28	7.64	6.12	7.31	6.60	7.89	6.07	7.38	6.43	6.30
Days Sales Outstanding (DSO)	52.85	40.79	49.91	51.85	51.61	41.57	52.47	51.87	49.59	40.79	51.02
Days Inventory Outstanding (DIO)	74.25	74.56	75.39	78.88	76.79	79.38	79.17	83.65	82.93	84.30	82.67
Days Payable Outstanding (DPO)	57.96	50.14	47.79	59.66	49.94	55.30	46.27	60.11	49.47	56.80	57.94
Cash Conversion Cycle (CCC)	69.14	65.21	77.51	71.08	78.46	65.66	85.37	75.41	83.05	68.29	75.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,030	2,056	2,137	2,174	2,243	2,266	2,360	2,382	2,418	2,446	2,637
Invested Capital Turnover	0.68	0.69	0.66	0.65	0.63	0.62	0.59	0.58	0.56	0.55	0.53
Increase / (Decrease) in Invested Capital	148	180	150	140	213	210	223	208	175	181	277
Enterprise Value (EV)	3,727	4,059	4,206	4,252	3,879	3,666	4,004	3,838	4,021	3,948	4,411
Market Capitalization	3,100	3,446	3,566	3,643	3,269	3,068	3,362	3,230	3,435	3,364	3,682
Book Value per Share	$33.63	$34.60	$35.89	$37.44	$39.05	$39.89	$41.06	$42.35	$43.70	$44.43	$45.47
Tangible Book Value per Share	$32.56	$33.53	$34.83	$36.39	$38.01	$38.85	$40.03	$41.33	$42.69	$43.42	$44.47
Total Capital	2,278	2,348	2,441	2,522	2,644	2,682	2,770	2,818	2,875	2,966	3,119
Total Debt	875	905	944	956	1,011	1,013	1,052	1,043	1,043	1,104	1,211
Total Long-Term Debt	824	824	944	944	944	944	994	1,043	1,043	964	1,063
Net Debt	627	613	639	609	610	598	642	608	586	584	729
Capital Expenditures (CapEx)	77	56	72	99	83	97	57	65	87	73	182
Debt-free, Cash-free Net Working Capital (DFCFNWC)	109	111	161	125	138	95	177	164	151	148	152
Debt-free Net Working Capital (DFNWC)	298	342	399	356	418	390	462	471	531	589	555
Net Working Capital (NWC)	247	260	399	343	351	320	403	471	531	449	407
Net Nonoperating Expense (NNE)	3.48	0.93	2.28	2.69	2.78	3.33	5.06	5.17	4.72	5.06	7.26
Net Nonoperating Obligations (NNO)	627	613	639	609	610	598	642	608	586	584	729
Total Depreciation and Amortization (D&A)	25	25	26	27	27	28	29	29	30	30	30
Debt-free, Cash-free Net Working Capital to Revenue	8.16%	8.26%	11.89%	9.20%	10.29%	7.16%	13.39%	12.48%	11.64%	11.38%	11.55%
Debt-free Net Working Capital to Revenue	22.32%	25.34%	29.43%	26.14%	31.16%	29.30%	34.96%	35.91%	40.87%	45.16%	42.25%
Net Working Capital to Revenue	18.46%	19.30%	29.43%	25.20%	26.14%	24.07%	30.50%	35.91%	40.87%	34.41%	30.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.21	$1.38	$1.78	$2.08	$2.04	$1.32	$1.63	$1.86	$1.87	$1.23	$1.73
Adjusted Weighted Average Basic Shares Outstanding	41.68M	41.67M	41.72M	41.78M	41.80M	41.78M	41.83M	41.87M	41.88M	41.86M	41.90M
Adjusted Diluted Earnings per Share	$2.19	$1.37	$1.77	$2.07	$2.03	$1.30	$1.62	$1.85	$1.86	$1.22	$1.73
Adjusted Weighted Average Diluted Shares Outstanding	42.06M	42.04M	42.03M	42.07M	42.08M	42.07M	42.06M	42.12M	42.14M	42.12M	42.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.71M	41.71M	41.81M	41.83M	41.83M	41.83M	41.90M	41.91M	41.91M	41.95M	41.98M
Normalized Net Operating Profit after Tax (NOPAT)	95	59	77	90	88	58	73	83	83	57	80
Normalized NOPAT Margin	26.66%	18.67%	22.08%	26.20%	26.11%	19.19%	21.69%	24.89%	25.50%	18.45%	23.02%
Pre Tax Income Margin	32.59%	21.94%	26.55%	31.43%	30.81%	20.79%	23.18%	27.44%	27.99%	19.99%	22.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.72	8.34	10.35	11.55	10.32	6.95	7.66	8.72	8.70	6.27	7.10
NOPAT to Interest Expense	10.40	6.25	7.78	8.79	7.90	5.49	6.33	7.07	7.04	4.67	6.32
EBIT Less CapEx to Interest Expense	5.38	2.40	3.09	1.86	2.92	-2.19	2.75	3.20	1.33	0.28	-7.33
NOPAT Less CapEx to Interest Expense	2.06	0.31	0.52	-0.90	0.50	-3.64	1.42	1.55	-0.33	-1.31	-8.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.85%	24.83%	24.30%	24.32%	25.27%	25.94%	27.32%	29.06%	30.69%	31.92%	32.21%
Augmented Payout Ratio	25.85%	24.83%	24.30%	24.32%	25.27%	25.94%	27.32%	29.06%	30.69%	31.92%	32.21%

Financials Breakdown Chart

Otter Tail Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Otter Tail's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Otter Tail's net income appears to be on an upward trend, with a most recent value of $275.89 million in 2025, rising from $59.35 million in 2015. The previous period was $301.66 million in 2024. Check out Otter Tail's forecast to explore projected trends and price targets.

Otter Tail's total operating income in 2025 was $345.68 million, based on the following breakdown:

Total Gross Profit: $638.43 million
Total Operating Expenses: $292.74 million

Over the last 10 years, Otter Tail's total revenue changed from $779.80 million in 2015 to $1.30 billion in 2025, a change of 67.2%.

Otter Tail's total liabilities were at $2.10 billion at the end of 2025, a 6.0% increase from 2024, and a 73.2% increase since 2015.

In the past 10 years, Otter Tail's cash and equivalents has ranged from $0.00 in 2015 to $386.19 million in 2025, and is currently $386.19 million as of their latest financial filing in 2025.

Over the last 10 years, Otter Tail's book value per share changed from 16.03 in 2015 to 44.43 in 2025, a change of 177.2%.

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Financial statements for NASDAQ:OTTR last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Otter Tail (OTTR) Financials

Financials Breakdown Chart

Otter Tail Financials - Frequently Asked Questions

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Otter Tail (OTTR) Financials

Annual Income Statements for Otter Tail

Quarterly Income Statements for Otter Tail

Annual Cash Flow Statements for Otter Tail

Quarterly Cash Flow Statements for Otter Tail

Annual Balance Sheets for Otter Tail

Quarterly Balance Sheets for Otter Tail

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Quarterly Metrics And Ratios for Otter Tail

Financials Breakdown Chart

Otter Tail Financials - Frequently Asked Questions

When does Otter Tail's financial year end?

How has Otter Tail's net income changed over the last 10 years?

What is Otter Tail's operating income?

How has Otter Tail's revenue changed over the last 10 years?

How much debt does Otter Tail have?

How much cash does Otter Tail have?

How has Otter Tail's book value per share changed over the last 10 years?

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