OTTR
Otter Tail Corporation
OTTR's fundamentals are weak and it looks expensive: trading at 18x earnings, above its usual 13x. Analysts expect earnings to decline.
OTTR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Weak | |
| Under pressure |
OTTR's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
OTTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $45.87 | -39% |
| Fair | 13x | $53.98 | -28% |
| Forward | 14x | $75.30 | — |
| Current | 18x | $75.30 | — |
| Expensive | 19x | $80.79 | +7.3% |
Historical ranges are pointers, not guarantees.
OTTR's PE is in its expensive range at 18x. On analysts' estimates for next year's earnings, today's price would be 14x, in its fair range.
OTTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect OTTR's earnings and profitability to decline, with its revenue holding steady.
OTTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.38 | +29% |
| Q3 2026 | $4.18 | -37% |
| Q2 2026 | $4.63 | -32% |
| Q1 2026 | $6.66 | -5.1% |
| Q4 2025 | $6.55 | -8.6% |
| Q3 2025 | $6.63 | -8.4% |
| Q2 2025 | $6.80 | -8.1% |
| Q1 2025 | $7.02 | -3.6% |
| Q4 2024 | $7.17 | +2.4% |
OTTR's earnings per share have fallen from their peak: $4.18 over the past year, against $7.40 in mid-2024.
OTTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $317.2M | -2.7% |
| Q2 2026 | $334.7M | +0.7% |
| Q1 2026 | $342.9M | +1.6% |
| Q4 2025 | $304M | +0.3% |
| Q3 2025 | $325.9M | -3.4% |
| Q2 2025 | $332.4M | -2.9% |
| Q1 2025 | $337.3M | -2.9% |
| Q4 2024 | $302.9M | -4.9% |
OTTR's revenue fell from its 2022 peak and has held roughly level since: $317M last quarter, down 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -7.9 points |
| Q2 2026 | -7.2% | -37 points |
| Q1 2026 | 25% | 0 points |
| Q4 2025 | 22% | +0.2 points |
| Q3 2025 | 30% | -2.2 points |
| Q2 2025 | 29% | -3.1 points |
| Q1 2025 | 25% | -2.5 points |
| Q4 2024 | 22% | +0.1 points |
OTTR's operating margin was 22% last quarter, down 7.9 points from the same quarter a year ago.
OTTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6M | -104% |
| Q2 2026 | -$27.4M | -151% |
| Q1 2026 | -$114.7M | -$96.1M |
| Q4 2025 | $22.3M | -28% |
| Q3 2025 | $40.5M | +168% |
| Q2 2025 | $53.7M | +7.2% |
| Q1 2025 | -$18.5M | -$16.4M |
| Q4 2024 | $31.1M | +8.1% |
OTTR's free cash flow was −$121M over the past year, against $107M the year before.
OTTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +213K shares |
| 1 year | +0.1% | +30K shares |
| 3 years | +0.3% | +110K shares |
| 5 years | +0.7% | +299K shares |
| Available history | +5.5% | +2.2M shares |
OTTR has 42M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2021 | $126,000 |
| Q2 2021 | — |
| Q1 2021 | $1.5M |
OTTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.5x | Healthy |
OTTR's net debt is about 2.9 years of its operating earnings (EBITDA), up from 1.6 years a year ago.
OTTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.2 | Neutral |
| Stochastic | 20.7 | Neutral |
OTTR's weekly RSI is 30 (neutral) and its Stochastic is 21 (neutral).
OTTR PE vs Utilities Sector
| Metric | OTTR | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 20x | 12% below |
| PE % | 73 | 44 | 29 pts above |
OTTR is trading at 18x earnings, a 12% discount to the Utilities sector's median of 20x.
OTTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.3 | 13% below |
| 20 week MA | $88.9 | 15% below |
| 50 week MA | $87.7 | 14% below |
| 100 week MA | $83.4 | 9.7% below |
| 200 week MA | $82.0 | 8.2% below |
OTTR is in a downtrend: it's below all five of its weekly moving averages, and 8.2% below its 200-week average.
OTTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.2 | $42.2 | -18% |
| 2021 | $42.2 | $68.9 | +63% |
| 2022 | $68.9 | $58.2 | -15% |
| 2023 | $58.2 | $85.0 | +46% |
| 2024 | $85.0 | $74.8 | -12% |
| 2025 | $74.8 | $82.4 | +10% |
| 2026 YTD | $82.4 | $75.3 | -8.7% |
OTTR has finished lower in three of the last six years. It's down 8.7% so far in 2026.