Filing Flows › Otter Tail (OTTR) › Q3 2026 › vs Q3 2025
Otter Tail (OTTR) Q3 2026 vs Q3 2025 (year over year)
Otter Tail's revenue fell $8.7M (-3%) from $326M in Q3 2025 to $317M in Q3 2026. The biggest changes: Revenue from contracts with customers −$5.0M (-2%). Operating margin 21.7% against 29.6% (-7.9 pts).
Otter Tail, Q3 2026: revenue $317M (-3% year over year), operating margin 21.7%, net earnings $59.5M, operating cash flow $125M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.7% | 29.6% | -7.9 pts |
| Net margin | 18.7% | 24.0% | -5.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electric | $135M | $139M | −$3.6M | -3% |
| Plastics | $95.8M | $110M | −$14.2M | -13% |
| Manufacturing | $89.7M | $77.0M | $12.8M | +17% |
| Revenue from contracts with customers | $321M | $326M | −$5.0M | -2% |
| Revenue | $317M | $326M | −$8.7M | -3% |
| Other revenues (net loss) | $3.3M | −$323K | $3.7M | — |
| Operating profit | $68.9M | $96.6M | −$27.7M | -29% |
| Costs & expenses | $248M | $229M | $19.0M | +8% |
| Pre-tax earnings | $64.0M | $91.1M | −$27.1M | -30% |
| Other expense, net | $4.9M | $5.5M | −$565K | -10% |
| Cost of revenue | $119M | $101M | $18.3M | +18% |
| SG&A | $20.1M | $17.8M | $2.3M | +13% |
| Other operating costs | $109M | $110M | −$1.6M | -1% |
| Net earnings | $59.5M | $78.3M | −$18.8M | -24% |
| Income tax | $4.5M | $12.8M | −$8.3M | -65% |
| Depreciation & amortization | $30.6M | $29.6M | $1.1M | +4% |
| Share-based compensation | $1.2M | $710K | $499K | +70% |
| Working capital & other | $33.9M | $21.0M | $12.9M | +61% |
| Operating cash flow | $125M | $130M | −$4.4M | -3% |
| Capital expenditures | $127M | $89.1M | $37.7M | +42% |
| Negative free cash flow (OCF − capex) | $1.6M | −$40.5M | $42.1M | — |
Questions
How much did Otter Tail's revenue grow year over year in Q3 2026?
Otter Tail's revenue fell $8.7M (-3%) from $326M in Q3 2025 to $317M in Q3 2026.
What drove Otter Tail's revenue change in Q3 2026?
Revenue from contracts with customers −$5.0M (-2%).