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Unitil vs Ocean Thermal Energy: UTL and CPWR compared
Unitil is the larger company: $113M of revenue in its latest quarter (Q3 2026) against $92K for Ocean Thermal Energy (Q2 2026). Unitil is growing faster (+11% against -89% a year earlier). Unitil is more profitable, with an operating margin of 6.0% against -523.6%.
Where the money goes: UTL and CPWR
Unitil (UTL) · Q3 2026
Unitil, Q3 2026: revenue $113M (+11% year over year), operating margin 6.0%, net loss $1.5M, operating cash flow $35.0M. The chart follows the revenue to costs, profit and cash.
Ocean Thermal Energy (CPWR) · Q2 2026
Ocean Thermal Energy, Q2 2026: revenue $92K (-89% year over year), operating margin -523.6%, net loss $5.2M, operating cash flow −$153K. The chart follows the revenue to costs, profit and cash.
| Unitil (UTL) | Ocean Thermal Energy (CPWR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $113M | $92K |
| Revenue growth, Y/Y | +11% | -89% |
| Operating margin | 6.0% | -523.6% |
| Net earnings | −$1.5M | −$5.2M |
| Net margin | -1.3% | — |
| Operating cash flow | $35.0M | −$153K |
| Market value | $969M | — |
| P/E | 17.4× | — |
| Analysts’ mean target | $54.00 | — |
Where the revenue comes from
Unitil
- Electric: $68.6M (61%)
- Gas: $40.9M (36%)
- Waters: $3.1M (3%)
Questions
Which is bigger, Unitil or Ocean Thermal Energy?
Unitil is the larger company: $113M of revenue in its latest quarter (Q3 2026) against $92K for Ocean Thermal Energy (Q2 2026).
Is Unitil or Ocean Thermal Energy growing faster?
Unitil is growing faster (+11% against -89% a year earlier).
Which is more profitable, Unitil or Ocean Thermal Energy?
Unitil is more profitable, with an operating margin of 6.0% against -523.6%.
More: Unitil earnings · how Unitil makes money · Ocean Thermal Energy earnings · how Ocean Thermal Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.