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Otter Tail CorporationOTTRCompetitor analysis, valuation and peers

United States · USD·Utilities›Electric Utilities

Diversified holding company combining a regulated Midwest electric utility with plastics and metal-fabrication manufacturing.

Momentum weak 30
Mkt cap
$3.29B
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$19.5M
20-day average traded
Fwd P/E
14.6×
forward earnings
ROIC−WACC
+1.7 pp
WACC 6.5%
Hurdle
n/a
no reverse DCF
Next earnings
101 days
15 Feb 2027
Close · USD$78.44
1D-1.9%
1W-13.2%
1M-11.2%
3M-15.1%
6M-10.9%
YTD-2.9%
1Y-5.0%
ATR %3.0%
Beta0.24
52w lowhigh17.5% off high

What Otter Tail does

Diversified holding company combining a regulated Midwest electric utility with plastics and metal-fabrication manufacturing.

Its regulated utility earns a return set by state regulators on the assets invested, so growth comes from capital spending approved in rate cases. The plastics unit, selling PVC pipe, has in some years earned as much as the utility, with results swinging on resin costs and construction demand. Metal fabrication adds a cyclical industrial line.

Products and services

  • Regulated electric utility (Otter Tail Power)
  • PVC pipe manufacturing
  • Metal fabrication/parts manufacturing

Customers

  • Utility customers in MN/ND/SD
  • Construction/infrastructure buyers of PVC pipe
  • Industrial OEM customers

Where it sits in the supply chain

  • Utilities/Industrials
  • Regulated electric utility plus…
  • PVC pipe and metal products…

What could go right

  • Utility rate base growth
  • Infrastructure-driven PVC pipe demand

What could go wrong

  • Manufacturing segment cyclicality
  • Regulatory rate-case risk

Moat: narrow (regulatory licence, scale). Regulated utility gives stable base returns; manufacturing units ride cyclical construction/industrial demand.

Headquarters: Fergus Falls, Minnesota, US · Founded: 1907 · Employees: 2,198

Named competitors

Otter Tail at a glance

Size Otter Tail (OTTR) is a United States Utilities company (Electric Utilities) with a market value of $3.29B, the 1482nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $78.44 on 6 Nov 2026.

Performance Over six months the shares fell 10.9%, against -7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 0.8% over the last twelve months (peer median -0.5%); the operating margin is 22.6% (peer median 12.6%).

Valuation It trades at 14.6× forward earnings against a peer median of 10.5× (8th most expensive of 19).

Capital Return on invested capital runs 1.7 points above its cost of capital (6.5% WACC).

Short interest Short interest is 11.4% of the free float (15 Oct 2026).

Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 95OTTR 89
Six months, rebased to 100: Otter Tail against the median of its 20 peers (local-currency closes).

Otter Tail financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.31B$1.30B$1.33B$1.35B$1.46B
Revenue growth—-2%-1%-8%—
Gross profit$315M$361M$399M$395M$408M
EBITDA$417M$462M$491M$476M$483M
Net income$176M$276M$302M$294M$284M
Free cash flow-$121M$97.9M$94.1M$117M$218M
Capital expenditure$584M$298M$420M$296M$179M
Total debt$1.24B$1.13B$1.04B$922M$851M

Quarterly statements and history in the cockpit →

Otter Tail competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-20%-10%0%+10%002015000791AVANLCINDIAIRE600098MGEE601016KEN000539003035PAMENADRX9506TPETA9501AGLNPIOTTR6-month return →1-month return →
Up and to the right = strong over both horizons. Otter Tail is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×002015000791AVANLCINDIAIRE600098MGEE601016003035PAMENADRX9506TPETA9501NPIOTTRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Otter Tail is the large dot.

Otter Tail competitors and peer comparison

Head to head with its named competitors (OTTR vs MDU vs NWE vs BKH)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Otter Tail OTTR$3.29B-11%+1%23%14.6×n/a
MDU Resources MDU$3.92B-17%-30%17%18.9×n/a
NorthWestern Energy NWE$5.09B+14%+11%19%20.6×n/a
Black Hills BKH$6.47B+13%+3%24%18.2×n/a
Avista AVA$3.37B-1%-1%19%15.0×n/a
MGE Energy MGEE$3.03B+9%+8%23%19.0×n/a
Xcel Energy XEL$51.1B+1%+4%22%18.1×n/a

How Otter Tail compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Otter Tail against its 20 peers (data as of 6 Nov 2026)
MeasureOTTRPeer medianRank in peer set
1-month return-11.2%-2.1%3rd lowest of 21
6-month return-10.9%-7.2%10th lowest of 21
Distance from 52-week high-17.5%-23.9%8th highest of 21
Revenue growth (TTM)+0.8%-0.5%10th highest of 21
Operating margin22.6%12.6%5th highest of 19
Forward P/E14.6×10.5×8th most expensive of 19
ROIC minus cost of capital+1.7 pp-1.2 pp4th highest of 19
EV / EBITDA10.1×10.5×6th cheapest of 13
Net debt / EBITDA2.2×4.1×4th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Otter Tail OTTRUnited States$3.29B-11%+1%23%14.6×n/an/a
GCL Energy Technology 002015.SZChina$3.27B-24%-3%15%21.5×n/an/a
GEPIC Energy Development 000791.SZChina$3.23B-18%-30%40%10.2×-7.8%+32.3%
Avista AVAUnited States$3.37B-1%-1%19%15.0×n/an/a
NLC India NLCINDIA.NSIndia$3.50B-28%+17%18%9.9×n/an/a
Iren IRE.MIItaly$3.54B-9%-8%9%10.6×5.5%+12.0%
Guangzhou Development 600098.SSChina$3.56B-3%+4%4%14.9×-1.0%+9.9%
MGE Energy MGEEUnited States$3.03B+9%+8%23%19.0×n/an/a
CECEP Wind-Power 601016.SSChina$3.00B-28%-8%24%30.7×2.0%+11.0%
Kenon KENUnited States$2.99B-35%+53%8%n/an/an/a
Guangdong Electric Power Development 000539.SZChina$3.64B-21%+8%-1%n/a9.8%+8.9%
China Southern Power Grid Energy Efficiency & Clean Energy 003035.SZChina$2.89B-31%+10%18%39.1×11.6%+12.9%
Pampa Energia SA Sponsored ADR PAMUnited States$3.78B-19%+29%21%7.4×n/an/a
Enea ENA.WAPoland$2.80B-3%-11%n/a4.4×-7.7%+9.1%
Drax DRX.LUnited Kingdom$3.88B0%-8%9%10.4×-0.2%+4.8%
Tohoku Electric Power 9506.TJapan$3.89B+13%+17%3%4.9×n/an/a
TAURON Polska Energia TPE.WAPoland$4.02B-6%0%n/a6.1×17.0%+10.4%
TransAlta TA.TOCanada$4.15B+5%-12%8%49.9×21.9%+4.1%
Tokyo Elec Power Co Hldgs 9501.TJapan$4.17B-31%-2%1%3.7×n/an/a
AGL Energy AGL.AXAustralia$4.21B-3%-6%11%10.5×n/an/a
Northland Power NPI.TOCanada$4.22B-4%+15%34%14.3×-1.7%+3.4%

Questions

Who are Otter Tail's main competitors?
Named competitors: MDU Resources (MDU), NorthWestern Energy (NWE), Black Hills (BKH), Avista (AVA), MGE Energy (MGEE), Xcel Energy (XEL). The cockpit's measured peer set (industry) also includes GCL Energy Technology (002015.SZ), GEPIC Energy Development (000791.SZ), Avista (AVA), NLC India (NLCINDIA.NS), Iren (IRE.MI), Guangzhou Development (600098.SS).
Is Otter Tail expensive compared with its peers?
On forward p/e it trades at 14.6× against a peer median of 10.5×, 8th most expensive of 19 in its peer set.
How has Otter Tail stock performed?
Over six months to 6 Nov 2026 the shares returned -10.9% against -7.2% for the median peer; over one year -5.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.