UTL UNITIL Corporation Common Stock
$54.43
Price · Aug 19, 2026
Fundamentals as of Aug 3, 2026
52W Range
$45–$57
78% of range
Analyst Rating
HOLD
10 analysts
Price Target
$55
+2% upside
P/E (TTM)
18.3
ROE
8.9%
Net Profit Margin
9.4%
About UNITIL Corporation Common Stock Company overview from Wikipedia
Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business districts and recreational centers as well as commercial and industrial business, such as electronic component manufacturers and education institutes. The company has an enterprise value of $766.54 million. The non-utility business is operated through the company's subsidiary, U-source, which is a national energy brokering and consulting company.
Read more
Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business districts and recreational centers as well as commercial and industrial business, such as electronic component manufacturers and education institutes. The company has an enterprise value of $766.54 million. The non-utility business is operated through the company's subsidiary, U-source, which is a national energy brokering and consulting company.
## Background
The company generates revenue mainly distributing utility to customers through operating the underground transmission pipeline and providing energy consulting services and real estate services. In 2013, the revenue of the gas operation is $170.4 million, accounting for 46% of the total operation revenue, and the electricity operation revenue, $190.7 million, represents 52% of the total revenue.
The company has four segments, three wholly owned distribution utilities and five subsidiaries, providing utilities and relevant advice and management service to customers. The three distribution utilities are Unitil Energy Systems, Inc., Fitchburg Gas and Electric Light Company and Northern Utilities, Inc. The cold weather caused more people to switch to Unitil's service, resulting in an increase in gas sale. As a result, the company has planned to invest $570 million to expand its distribution infrastructure to serve a larger number of customers.
In winter 2014, the company has asked for a price increase to part of its customers in Greater Portland and the Lewiston-Auburn because of the high demand and harsh weather. The Maine Public Utilities Commission (PUC) approved its price increase but cut its request by one-third. In 2018, Tom Meissner was named Unitil's Chairman of the Board, Chief Executive Officer, and President.
The Columbia Gas of Massachusetts was a supplier of retail natural gas to over 300,000 customers in parts of Massachusetts surrounding Springfield, Brockton, and Lawrence. It was a subsidiary of NiSource. The company's operations in New Hampshire and Maine were sold to Unitil Corporation in 2008. The company received attention after the Merrimack Valley gas explosions in September 2018. In February 2020, it was announced that energy company Eversource would acquire the Massachusetts gas assets of Columbia Gas for $1.1 billion. Columbia Gas was also ordered to pay a $53 million fine for violating the Pipeline Safety Act. The acquisition by Eversource was completed in October 2020, effectively ending Columbia Gas operations in Massachusetts.
On September 13, 2018, starting at approximately 4:20 PM, three Merrimack Valley communities supplied by Columbia—Lawrence, Andover, and North Andover, Massachusetts—suffered numerous fires and explosions as a result of an over-pressurized subterranean gas line. Massachusetts authorities evacuated the communities and the American Red Cross deployed and set up numerous shelters in nearby communities for those who were displaced by the explosions and subsequent fires. On September 14, Governor of Massachusetts Charlie Baker declared a state of emergency, and issued a decree appointing Eversource to evaluate and oversee the management of the gas distribution system in the affected area.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
UTL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$54.42
Market Cap
$975M
P/E (TTM)
18.3
EPS (TTM)
$2.97
Revenue (TTM)
$536M
Div Yield
3.1%
ROE
8.9%
Debt/Equity
1.5
52W Range
$45 – $57
UTL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$536M
2023-12-31
→
2025-12-31
EPS
$2.97
2023-12-31
→
2025-12-31
Free Cash Flow
$-54M
2023-12-31
→
2025-12-31
Margins
9.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
UTL
Peer Median
P/E (TTM)
18.3
20.8
P/S (TTM)
1.8
2.7
P/B
1.6
1.6
EV / EBITDA
18.6
—
Price / FCF
-18.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
UTL
Peer Median
Operating Margin
18.9%
—
Net Profit Margin
9.4%
12.4%
ROA
2.6%
2.7%
ROE
8.9%
9.5%
ROIC
5.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
UTL
Peer Median
Debt / Equity
1.5
—
Current Ratio
0.6
0.8
Quick Ratio
0.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
UTL
Peer Median
Revenue YoY
8.3%
—
Revenue CAGR 3Y
-1.6%
—
Revenue CAGR 5Y
5.1%
—
EPS YoY
1.4%
—
Net Income YoY
6.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
UTL
Peer Median
Payout Ratio
60.0%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
3.1%
Payout Ratio
60.0%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 14, 2026 | $0.4750 |
| Feb. 12, 2026 | $0.4750 |
| Nov. 13, 2025 | $0.4500 |
| Aug. 14, 2025 | $0.4500 |
| May 15, 2025 | $0.4500 |
| Feb. 13, 2025 | $0.4500 |
| Nov. 14, 2024 | $0.4250 |
| Aug. 15, 2024 | $0.4250 |
| May 15, 2024 | $0.4250 |
| Feb. 13, 2024 | $0.4250 |
| Nov. 13, 2023 | $0.4050 |
| Aug. 11, 2023 | $0.4050 |
| May 15, 2023 | $0.4050 |
| Feb. 13, 2023 | $0.4050 |
| Nov. 10, 2022 | $0.3900 |
| Aug. 11, 2022 | $0.3900 |
| May 12, 2022 | $0.3900 |
| Feb. 10, 2022 | $0.3900 |
| Nov. 12, 2021 | $0.3800 |
| Aug. 12, 2021 | $0.3800 |
UTL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
10 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 5 50.0%
- Sell 4 40.0%
- Strong Sell 1 10.0%
12-Month Price Target
3 analysts · 2026-08-15
Median
$55.00
Mean
$55.33
Now
$54.42
Low
$54.00
High
$57.00
Median target
$55.00
+1.1%
Mean target
$55.33
+1.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.26 | $0.26 | 0.00% |
| March 31, 2026 | $1.88 | $1.88 | 0.00% |
| Dec. 31, 2025 | $1.06 | $1.00 | 0.06% |
| Sept. 30, 2025 | $-0.02 | $-0.08 | 0.06% |
| June 30, 2025 | $0.25 | $0.29 | -0.04% |
| March 31, 2025 | $1.74 | $1.76 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| UTL | $868M | 16.3 | 8.3% | 9.4% | 8.9% | — |
| NI | $19.98B | 21.4 | 23.5% | 14.2% | 10.2% | — |
| BKH | $5.24B | 17.4 | 8.6% | 12.6% | 8.0% | — |
| NWE | $3.96B | 22.0 | 6.4% | 11.2% | 6.3% | — |
| AVA | $3.17B | 16.2 | 1.3% | 9.8% | 7.3% | — |
| NWE | $3.96B | 22.0 | 6.4% | 11.2% | 6.3% | — |
| D | $51.50B | 17.0 | 14.2% | 18.2% | 10.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $536M | $495M | $557M | $563M | $473M | $419M | $438M | $444M | $406M | $383M | |
| Operating Income | $101M | $91M | $87M | $80M | $78M | $71M | $73M | $71M | $75M | $70M | |
| Interest Expense | $44M | $38M | $35M | $28M | $27M | $26M | $27M | $26M | $26M | $24M | |
| Other Non-op | $1M | $-200.0K | $0 | $-2M | $-5M | $-5M | $9M | $6M | $-6M | $-5M | |
| Pretax Income | $66M | $61M | $58M | $53M | $48M | $42M | $58M | $41M | $46M | $42M | |
| Income Tax | $15M | $14M | $13M | $11M | $12M | $10M | $14M | $8M | $18M | $15M | |
| Net Income | $50M | $47M | $45M | $41M | $36M | $32M | $44M | $33M | $29M | $27M | |
| EPS (Basic) | $2.97 | $2.93 | $2.82 | $2.59 | $2.35 | $2.15 | · | · | · | · | |
| EPS (Diluted) | $2.97 | $2.93 | $2.82 | $2.59 | $2.35 | $2.15 | · | · | · | · | |
| Shares (Basic) | 16,800,000 | 16,100,000 | 16,000,000 | 16,000,000 | 15,400,000 | 15,000,000 | 14,894,000 | 14,824,000 | 14,095,000 | 13,990,000 | |
| Shares (Diluted) | 16,800,000 | 16,100,000 | 16,100,000 | 16,000,000 | 15,400,000 | 15,000,000 | 14,900,000 | 14,829,000 | 14,102,000 | 13,996,000 | |
| EBITDA | $101M | $91M | $87M | $80M | $78M | $71M | $73M | $71M | $70M | $65M |
Balance Sheet 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16M | $6M | $6M | $9M | $6M | $6M | $5M | $8M | $9M | $6M | |
| Receivables | $99M | $75M | $75M | $74M | $67M | $62M | $55M | $67M | $67M | $53M | |
| Prepaid Expense | $12M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $240M | $189M | $177M | $195M | $160M | $139M | $131M | $152M | $151M | $132M | |
| Goodwill | $4M | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $31M | $18M | $14M | $12M | $10M | $13M | $12M | $10M | $10M | $9M | |
| Total Assets | $2.13B | $1.79B | $1.67B | $1.59B | $1.54B | $1.48B | $1.37B | $1.30B | $1.24B | $1.13B | |
| Accounts Payable | $63M | $50M | $48M | $69M | $52M | $33M | $38M | $43M | $42M | $32M | |
| Short-term Debt | $256M | $106M | $162M | $116M | $64M | $55M | $59M | $83M | $38M | $82M | |
| Current Liabilities | $426M | $229M | $277M | $260M | $174M | $136M | $160M | $192M | $151M | $177M | |
| Capital Leases | $5M | $5M | $4M | $3M | $3M | · | $300.0K | $3M | $6M | $8M | |
| Deferred Tax | · | · | · | · | · | $109M | $104M | $98M | $83M | $98M | |
| Other Non-current Liabilities | $7M | $5M | $5M | $4M | $7M | $7M | $6M | $9M | $4M | $5M | |
| Long-term Debt | $670M | $643M | $514M | $496M | $506M | $532M | $457M | $406M | $406M | $334M | |
| Total Debt | $926M | $749M | $676M | $612M | $570M | $586M | $516M | $489M | $444M | $416M | |
| Common Stock | · | $512M | $489M | · | · | · | · | · | · | · | |
| Retained Earnings | $191M | $171M | $152M | $132M | $116M | $104M | $94M | $72M | $61M | $52M | |
| Stockholders' Equity | $610M | $512M | $489M | $468M | $448M | $389M | $377M | $351M | $337M | $293M | |
| Liabilities + Equity | $2.13B | $1.79B | $1.67B | $1.59B | $1.54B | $1.48B | $1.37B | $1.30B | $1.24B | $1.13B | |
| Shares Outstanding | 17,919,191 | 16,192,345 | 16,116,724 | 16,043,355 | 15,977,766 | 15,012,310 | 14,930,170 | 14,876,955 | 14,815,585 | 14,065,230 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $10M | $13M | $7M | $11M | $11M | $9M | $14M | $8M | $18M | $15M | |
| Operating Cash Flow | $131M | $126M | $107M | $98M | $108M | $76M | $105M | $78M | $86M | $68M | |
| CapEx | $185M | $170M | $141M | $122M | $115M | $123M | $119M | $102M | $119M | $98M | |
| Investing Cash Flow | $-346M | $-170M | $-141M | $-122M | $-115M | $-123M | $-106M | $-102M | $-119M | $-98M | |
| Debt Issued | $32M | $135M | $25M | $0 | $0 | $100M | $70M | $30M | $89M | $30M | |
| Net Debt Issued | $27M | $130M | $18M | $-10M | $-26M | $75M | $51M | $-200.0K | $72M | $11M | |
| Stock Issued | $74M | $1M | $1M | $1M | $46M | $1M | $1M | $1M | $33M | $1M | |
| Net Stock Activity | $74M | $1M | $1M | $1M | $46M | $1M | $1M | $1M | $33M | $1M | |
| Dividends Paid | $30M | $28M | $26M | $25M | $24M | $23M | $22M | $22M | $20M | $20M | |
| Financing Cash Flow | $224M | $44M | $32M | $27M | $8M | $48M | $-2M | $23M | $36M | $27M | |
| Net Change in Cash | $9M | $-200.0K | $-2M | $2M | $500.0K | $800.0K | $-3M | $-1M | $3M | $-3M | |
| Taxes Paid | $5M | $2M | $0 | $1M | $1M | $900.0K | $800.0K | $400.0K | · | $2M | |
| Free Cash Flow | $-54M | $-44M | $-34M | $-24M | $-7M | $-47M | $-14M | $-24M | $-33M | $-30M | |
| Levered FCF | $-87M | $-73M | $-61M | $-47M | $-28M | $-67M | $-35M | $-45M | $-49M | $-45M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.9% | 18.3% | 15.6% | 14.3% | 16.4% | 17.1% | 16.7% | 16.0% | · | · | |
| Net Margin | 9.4% | 9.5% | 8.1% | 7.3% | 7.6% | 7.7% | 10.1% | 7.4% | · | · | |
| Pretax Margin | 12.2% | 12.3% | 10.5% | 9.3% | 10.1% | 10.1% | 13.2% | 9.3% | · | · | |
| EBITDA Margin | 18.9% | 18.3% | 15.6% | 14.3% | 16.4% | 17.1% | 16.7% | 16.0% | · | · | |
| ROA | 2.6% | 2.7% | 2.8% | 2.6% | 2.4% | 2.2% | 3.3% | 2.6% | 2.4% | 2.5% | |
| ROE | 8.9% | 9.3% | 9.3% | 8.9% | 8.1% | 8.4% | 11.8% | 9.5% | 9.1% | 9.3% | |
| ROIC | 5.1% | 5.5% | 5.8% | 5.9% | 5.8% | 5.6% | 6.2% | 6.8% | 5.6% | 5.9% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.8 | 0.6 | 0.7 | 0.9 | 1.0 | 0.8 | 0.8 | 1.0 | 0.7 | |
| Quick Ratio | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.3 | |
| Debt / Equity | 1.5 | 1.5 | 1.4 | 1.3 | 1.3 | 1.5 | 1.4 | 1.4 | 1.3 | 1.4 | |
| LT Debt / Equity | 1.0 | 1.2 | 1.0 | 1.0 | 1.1 | 1.3 | 1.2 | 1.1 | 1.1 | 1.1 | |
| Interest Coverage | 2.3 | 2.4 | 2.5 | 2.8 | 2.9 | 2.7 | 2.7 | 2.7 | 2.7 | 2.8 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | · | · | |
| Receivables Turnover | 6.2 | 7.6 | 8.4 | 9.0 | 8.4 | 7.6 | 9.3 | 7.5 | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.3% | -11.2% | -1.1% | 19.0% | 13.1% | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.6% | 1.5% | 10.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 1.4% | 3.9% | 8.9% | 10.2% | 9.3% | · | · | · | · | · | |
| EPS CAGR 3Y | 4.7% | 7.6% | 9.5% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 6.7% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 6.6% | 4.2% | 9.2% | 14.7% | 12.1% | · | · | · | · | · | |
| Net Income CAGR 3Y | 6.6% | 9.3% | 12.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 9.3% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 5.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $536M | $495M | $557M | $563M | $473M | $419M | $438M | $444M | $406M | $383M | |
| Net Income TTM | $50M | $47M | $45M | $41M | $36M | $32M | $44M | $33M | $29M | $27M | |
| Market Cap | $868M | $877M | $847M | $824M | $735M | $665M | $923M | $753M | $676M | $638M | |
| Enterprise Value | $1.78B | $1.62B | $1.52B | $1.43B | $1.30B | $1.24B | $1.43B | $1.23B | $1.11B | $1.05B | |
| P/E | 16.3 | 18.5 | 18.6 | 19.8 | 19.6 | 20.6 | · | · | · | · | |
| P/S | 1.6 | 1.8 | 1.5 | 1.5 | 1.6 | 1.6 | 2.1 | 1.7 | 1.7 | 1.7 | |
| P/B | 1.4 | 1.7 | 1.7 | 1.8 | 1.6 | 1.7 | 2.4 | 2.1 | 2.0 | 2.2 | |
| P / Tangible Book | 1.4 | 1.7 | 1.7 | 1.8 | 1.6 | 1.7 | · | · | · | · | |
| P / Cash Flow | 6.6 | 7.0 | 7.9 | 8.4 | 6.8 | 8.8 | 8.8 | 9.6 | 7.8 | 9.3 | |
| P / FCF | -16.1 | -19.9 | -24.9 | -33.8 | -102.1 | -14.2 | -64.5 | -31.5 | -20.4 | -21.4 | |
| EV / EBITDA | 17.6 | 17.9 | 17.4 | 17.7 | 16.7 | 17.4 | 19.6 | 17.3 | 15.9 | 16.0 | |
| EV / FCF | -33.1 | -36.8 | -44.6 | -58.5 | -180.3 | -26.5 | -100.2 | -51.6 | -33.6 | -35.1 | |
| EV / Revenue | 3.3 | 3.3 | 2.7 | 2.5 | 2.7 | 3.0 | 3.3 | 2.8 | 2.7 | 2.7 | |
| Dividend Yield | 3.5% | 3.1% | 3.1% | 3.0% | 3.2% | 3.4% | 2.4% | 2.9% | 3.0% | 3.1% | |
| Earnings Yield | 6.1% | 5.4% | 5.4% | 5.0% | 5.1% | 4.9% | · | · | · | · | |
| Payout Ratio | 60.0% | 58.4% | 58.0% | 60.6% | 65.4% | 70.2% | 50.0% | 66.1% | 70.3% | 73.8% | |
| Annual Payout | $30M | $28M | $26M | $25M | $24M | $23M | $22M | $22M | $20M | $20M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117M | $217M | $162M | $101M | $103M | $171M | $128M | $93M | $96M | $179M | $130M | $104M | $103M | $220M | $162M | $110M | |
| Operating Income | $15M | $56M | $35M | $7M | $13M | $46M | $28M | $6M | $12M | $44M | $28M | $8M | $12M | $40M | $26M | $7M | |
| Other Non-op | $800.0K | $0 | $100.0K | $300.0K | $700.0K | $-100.0K | $-100.0K | $300.0K | $-100.0K | $-300.0K | $-100.0K | $0 | $100.0K | $0 | $-500.0K | $-600.0K | |
| Pretax Income | $6M | $45M | $25M | $-2M | $5M | $37M | $21M | $-1M | $5M | $37M | $20M | $1M | $5M | $32M | $19M | $0 | |
| Income Tax | $1M | $12M | $6M | $-1M | $700.0K | $10M | $5M | $-1M | $600.0K | $9M | $5M | $-400.0K | $700.0K | $8M | $4M | $-500.0K | |
| Net Income | $5M | $33M | $19M | $-300.0K | $4M | $28M | $16M | $0 | $4M | $27M | $16M | $1M | $4M | $24M | $14M | $500.0K | |
| EPS (Basic) | $0.26 | $1.85 | $1.05 | $-0.02 | $0.25 | $1.69 | $0.97 | $0.00 | $0.27 | $1.69 | $0.97 | $0.09 | $0.25 | $1.51 | $0.91 | $0.03 | |
| EPS (Diluted) | $0.26 | $1.85 | $1.05 | $-0.02 | $0.25 | $1.69 | $0.97 | $0.00 | $0.27 | $1.69 | $0.97 | $0.09 | $0.25 | $1.51 | $0.91 | $0.03 | |
| Shares (Basic) | 17,900,000 | 17,900,000 | -32,600,000 | 17,000,000 | 16,200,000 | 16,200,000 | -32,200,000 | 16,100,000 | 16,100,000 | 16,100,000 | -32,100,000 | 16,100,000 | 16,000,000 | 16,000,000 | -32,000,000 | 16,000,000 | |
| Shares (Diluted) | 17,900,000 | 17,900,000 | -32,600,000 | 17,000,000 | 16,200,000 | 16,200,000 | -32,200,000 | 16,100,000 | 16,100,000 | 16,100,000 | -32,000,000 | 16,100,000 | 16,000,000 | 16,000,000 | -32,000,000 | 16,000,000 | |
| EBITDA | $15M | $56M | · | $7M | $13M | $46M | · | $6M | $12M | $44M | · | $8M | $12M | $40M | · | $7M |
Balance Sheet 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9M | $17M | $16M | $15M | $8M | $10M | $6M | $6M | $3M | $6M | · | $6M | $7M | $7M | · | $8M | |
| Receivables | $75M | $107M | $99M | $64M | $66M | $96M | $75M | $56M | $60M | $84M | · | $58M | $60M | $92M | · | $52M | |
| Prepaid Expense | $19M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $198M | $237M | $240M | $184M | $170M | $196M | $189M | $163M | $160M | $189M | · | $156M | $161M | $198M | · | $151M | |
| Goodwill | $7M | $4M | $4M | $2M | $2M | · | $0 | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $43M | $56M | $46M | $25M | $24M | $23M | $18M | $18M | $22M | $21M | · | $17M | $20M | $18M | · | $14M | |
| Total Assets | $2.22B | $2.16B | $2.13B | $1.94B | $1.89B | $1.89B | $1.79B | $1.74B | $1.70B | $1.70B | · | $1.62B | $1.60B | $1.61B | · | $1.58B | |
| Accounts Payable | $44M | $47M | $63M | $43M | $41M | $43M | $50M | $36M | $37M | $38M | · | $36M | $37M | $46M | · | $35M | |
| Short-term Debt | $235M | $258M | $256M | $118M | $171M | $173M | $106M | $64M | $158M | $170M | · | $130M | $132M | $140M | · | $72M | |
| Current Liabilities | $404M | $416M | $426M | $275M | $294M | $295M | $229M | $179M | $274M | $277M | · | $243M | $238M | $254M | · | $194M | |
| Capital Leases | $4M | $4M | $5M | $5M | $4M | $4M | $5M | $3M | $3M | $4M | · | $4M | $4M | $4M | · | $3M | |
| Other Non-current Liabilities | $15M | $8M | $7M | $7M | $6M | $6M | $5M | $8M | $8M | $9M | · | $8M | $8M | $9M | · | $7M | |
| Long-term Debt | $721M | $669M | $670M | $670M | $641M | $642M | $643M | $643M | $511M | $513M | · | $516M | $493M | $495M | · | $501M | |
| Total Debt | $956M | $927M | · | $788M | $812M | $815M | · | $708M | $669M | $683M | · | $646M | $625M | $635M | · | $573M | |
| Common Stock | · | · | · | $597M | $533M | $534M | · | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $212M | $216M | $191M | $180M | $188M | $191M | $171M | $162M | $169M | $172M | · | $143M | $148M | $150M | · | $124M | |
| Stockholders' Equity | $644M | $636M | $610M | $597M | $533M | $534M | $512M | $502M | $509M | $511M | · | $480M | $484M | $486M | · | $459M | |
| Liabilities + Equity | $2.22B | $2.16B | $2.13B | $1.94B | $1.89B | $1.89B | $1.79B | $1.74B | $1.70B | $1.70B | · | $1.62B | $1.60B | $1.61B | · | $1.58B | |
| Shares Outstanding | 18,225,964 | 17,989,863 | 17,919,191 | 17,899,410 | 16,291,395 | 16,250,032 | 16,192,345 | 16,177,314 | 16,173,132 | 16,167,887 | · | 16,097,182 | 16,091,419 | 16,086,230 | · | 16,039,141 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $-2M | $800.0K | $10M | $200.0K | $2M | $-2M | $1M | $11M | $-1M | $2M | $-900.0K | $-500.0K | $2M | $7M | $5M | $-800.0K | |
| Operating Cash Flow | $56M | $50M | $21M | $16M | $42M | $52M | $23M | $26M | $50M | $27M | $28M | $16M | $47M | $15M | $15M | $12M | |
| CapEx | $44M | $32M | $58M | $55M | $40M | $33M | $56M | $57M | $37M | $20M | $48M | $36M | $35M | $22M | $40M | $37M | |
| Investing Cash Flow | $-86M | $-32M | $-147M | $-55M | $-40M | $-104M | $-56M | $-57M | $-37M | $-20M | $-48M | $-36M | $-35M | $-22M | $-40M | $-37M | |
| Debt Issued | · | · | $0 | $32M | · | · | $0 | · | · | · | $0 | · | · | · | $0 | · | |
| Net Debt Issued | · | $-1M | · | · | · | $-1M | · | · | · | $-1M | · | · | · | $-1M | · | · | |
| Stock Issued | $11M | $300.0K | $100.0K | $71M | $2M | $300.0K | $400.0K | $100.0K | $300.0K | $300.0K | $300.0K | $200.0K | $300.0K | $300.0K | $200.0K | $300.0K | |
| Net Stock Activity | · | $300.0K | · | · | · | $300.0K | · | · | · | $300.0K | · | · | · | $300.0K | · | · | |
| Dividends Paid | $9M | $8M | $8M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $7M | $6M | $6M | $6M | |
| Financing Cash Flow | $23M | $-16M | $126M | $45M | $-4M | $56M | $32M | $35M | $-17M | $-7M | $20M | $19M | $-12M | $5M | $26M | $28M | |
| Net Change in Cash | $-8M | $1M | $1M | $6M | $-2M | $4M | $0 | $4M | $-4M | $-200.0K | $500.0K | $-800.0K | $0 | $-2M | $1M | $0 | |
| Taxes Paid | $4M | $0 | $0 | $2M | $3M | $0 | $0 | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $100.0K | |
| Free Cash Flow | · | $18M | · | · | · | $20M | · | · | · | $6M | · | · | · | $-7M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.2% | 25.8% | · | 6.9% | 13.0% | 27.1% | · | 6.2% | 13.0% | 24.7% | · | 7.7% | 11.4% | 17.9% | · | 6.5% | |
| Net Margin | 4.0% | 15.3% | · | -0.30% | 3.9% | 16.1% | · | 0.00% | 4.5% | 15.2% | · | 1.4% | 4.1% | 10.9% | · | 0.45% | |
| Pretax Margin | 5.0% | 20.8% | · | -1.6% | 4.6% | 21.7% | · | -1.4% | 5.1% | 20.5% | · | 0.96% | 4.7% | 14.7% | · | 0.00% | |
| EBITDA Margin | 13.2% | 25.8% | · | 6.9% | 13.0% | 27.1% | · | 6.2% | 13.0% | 24.7% | · | 7.7% | 11.4% | 17.9% | · | 6.5% | |
| ROA | 0.23% | 1.6% | · | -0.02% | 0.22% | 1.5% | · | 0.00% | 0.26% | 1.6% | · | 0.09% | 0.27% | 1.5% | · | 0.03% | |
| ROE | 0.80% | 5.7% | · | -0.05% | 0.77% | 5.3% | · | 0.00% | 0.87% | 5.5% | · | 0.30% | 0.89% | 5.1% | · | 0.11% | |
| ROIC | 0.78% | 2.6% | · | 0.09% | 0.84% | 2.5% | · | 0.00% | 0.92% | 2.8% | · | 1.0% | 0.91% | 2.6% | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.6 | · | 0.7 | 0.6 | 0.7 | · | 0.9 | 0.6 | 0.7 | · | 0.6 | 0.7 | 0.8 | · | 0.8 | |
| Quick Ratio | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.4 | · | 0.3 | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.4 | · | 0.3 | |
| Debt / Equity | 1.5 | 1.5 | · | 1.3 | 1.5 | 1.5 | · | 1.4 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.2 | |
| LT Debt / Equity | 1.1 | 1.0 | · | 1.1 | 1.2 | 1.2 | · | 1.3 | 1.0 | 1.0 | · | 1.1 | 1.0 | 1.0 | · | 1.1 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.7 | 2.1 | · | 1.7 | 1.6 | 1.9 | · | 1.6 | 1.6 | 2.0 | · | 1.9 | 1.8 | 2.5 | · | 2.2 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $538M | $591M | · | $467M | $462M | $538M | · | $471M | $482M | $606M | · | $538M | $533M | $622M | · | $500M | |
| Net Income TTM | $42M | $64M | · | $31M | $36M | $59M | · | $33M | $37M | $57M | · | $30M | $34M | $51M | · | $27M | |
| Market Cap | $960M | $940M | · | $857M | $850M | $937M | · | $980M | $838M | $846M | · | $688M | $816M | $918M | · | $745M | |
| Enterprise Value | $1.91B | $1.85B | · | $1.63B | $1.65B | $1.74B | · | $1.68B | $1.50B | $1.52B | · | $1.33B | $1.43B | $1.55B | · | $1.31B | |
| P/E | 22.5 | 13.9 | · | 24.9 | 23.6 | 15.8 | · | 29.6 | 22.5 | 14.8 | · | 22.7 | 24.3 | 17.9 | · | 27.6 | |
| P/S | 1.8 | 1.6 | · | 1.8 | 1.8 | 1.7 | · | 2.1 | 1.7 | 1.4 | · | 1.3 | 1.5 | 1.5 | · | 1.5 | |
| P/B | 1.5 | 1.5 | · | 1.4 | 1.6 | 1.8 | · | 2.0 | 1.6 | 1.7 | · | 1.4 | 1.7 | 1.9 | · | 1.6 | |
| P / Tangible Book | 1.5 | 1.5 | · | 1.4 | 1.6 | 1.8 | · | 2.0 | 1.6 | 1.7 | · | 1.4 | 1.7 | 1.9 | · | 1.6 | |
| P / Cash Flow | · | 18.8 | · | · | · | 18.0 | · | · | · | 31.8 | · | · | · | 60.0 | · | · | |
| P / FCF | · | 53.1 | · | · | · | 48.1 | · | · | · | 132.2 | · | · | · | -133.0 | · | · | |
| EV / EBITDA | 123.8 | 33.1 | · | 232.9 | 124.3 | 37.7 | · | 289.9 | 121.3 | 34.5 | · | 165.9 | 121.5 | 39.1 | · | 182.0 | |
| EV / FCF | · | 104.5 | · | · | · | 89.3 | · | · | · | 237.9 | · | · | · | -224.0 | · | · | |
| EV / Revenue | 3.5 | 3.1 | · | 3.5 | 3.6 | 3.2 | · | 3.6 | 3.1 | 2.5 | · | 2.5 | 2.7 | 2.5 | · | 2.6 | |
| Earnings Yield | 4.4% | 7.2% | · | 4.0% | 4.2% | 6.3% | · | 3.4% | 4.4% | 6.8% | · | 4.4% | 4.1% | 5.6% | · | 3.6% | |
| Payout Ratio | · | 25.6% | · | · | · | 26.6% | · | · | · | 25.0% | · | · | · | 27.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Revenue | $536M | — | — | $495M | — |
| Operating Margin % | 18.9% | — | — | 18.3% | — |
| Net Income | $50M | — | — | $47M | — |
| Diluted EPS | $2.97 | — | — | $2.93 | — |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.5 | — | — | 1.5 | — |
| Current Ratio | 0.6 | — | — | 0.8 | — |
| Quick Ratio | 0.3 | — | — | 0.4 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-54M | — | — | $-44M | — |
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Institutional owners (13F) 259 filers · $506.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 41 (+3 vs prior Q) | 27 (+12 vs prior Q) | 84 (+5 vs prior Q) | 68 (+9 vs prior Q) | +1.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $42,334,782 | 803,469 | 8.36% | Shares |
| STATE STREET CORP | $41,213,855 | 782,195 | 8.14% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $29,154,431 | 553,320 | 5.76% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $26,864,260 | 509,855 | 5.31% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $26,713,461 | 506,993 | 5.28% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $21,473,283 | 407,540 | 4.24% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $21,058,178 | 399,607 | 4.16% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $21,049,866 | 399,504 | 4.16% | Shares |
| TWO SIGMA INVESTMENTS, LP | $18,002,276 | 341,664 | 3.56% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $17,142,375 | 325,344 | 3.39% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,535,639 | 256,892 | 2.67% | Shares |
| Aristotle Capital Boston, LLC | $13,047,150 | 247,621 | 2.58% | Shares |
| Bragg Financial Advisors, Inc | $12,833,862 | 243,573 | 2.54% | Shares |
| HEARTLAND ADVISORS INC | $12,242,469 | 232,349 | 2.42% | Shares |
| REAVES W H & CO INC | $10,902,509 | 206,918 | 2.15% | Shares |
| Boston Trust Walden Corp | $9,239,560 | 175,357 | 1.83% | Shares |
| CITADEL ADVISORS LLC | $7,937,854 | 150,652 | 1.57% | Shares |
| ProShare Advisors LLC | $7,076,741 | 134,309 | 1.40% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $7,020,363 | 133,239 | 1.39% | Shares |
| Foundry Partners, LLC | $6,684,829 | 115,875 | 1.32% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,268,477 | 118,969 | 1.24% | Shares |
| TWO SIGMA ADVISERS, LP | $4,916,660 | 101,500 | 0.97% | Shares |
| Qube Research & Technologies Ltd | $4,808,753 | 91,265 | 0.95% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $4,380,120 | 83,130 | 0.87% | Shares |
| GABELLI FUNDS LLC | $3,767,335 | 71,500 | 0.74% | Shares |
| GOLDMAN SACHS GROUP INC | $3,324,792 | 63,101 | 0.66% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $3,321,157 | 63,032 | 0.66% | Shares |
| NORGES BANK | $3,282,587 | 62,300 | 0.65% | Shares |
| Public Sector Pension Investment Board | $3,249,340 | 61,669 | 0.64% | Shares |
| Quantinno Capital Management LP | $2,973,042 | 56,425 | 0.59% | Shares |
| Bank of New York Mellon Corp | $2,807,797 | 53,289 | 0.55% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,679,391 | 50,852 | 0.53% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $2,663,005 | 50,541 | 0.53% | Shares |
| BlackRock, Inc. | $2,657,157 | 50,430 | 0.52% | Shares |
| State of New Jersey Common Pension Fund D | $2,634,026 | 49,991 | 0.52% | Shares |
| Skopos Labs, Inc. | $2,571,828 | 49,231 | 0.51% | Shares |
| RHUMBLINE ADVISERS | $2,501,441 | 47,475 | 0.49% | Shares |
| AMERIPRISE FINANCIAL INC | $2,450,929 | 46,516 | 0.48% | Shares |
| AMERICAN CENTURY COMPANIES INC | $2,350,975 | 44,619 | 0.46% | Shares |
| JOHNSON INVESTMENT COUNSEL INC | $2,349,869 | 44,598 | 0.46% | Shares |
| Wernau Asset Management Inc. | $2,346,096 | 44,526 | 0.46% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $2,239,272 | 42,499 | 0.44% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $2,105,440 | 39,959 | 0.42% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $2,024,982 | 38,432 | 0.40% | Shares |
| Swiss National Bank | $1,902,109 | 36,100 | 0.38% | Shares |
| North Star Investment Management Corp. | $1,765,115 | 33,500 | 0.35% | Shares |
| DC Investments Management, LLC | $1,731,130 | 32,855 | 0.34% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,710,278 | 32,459 | 0.34% | Shares |
| FIFTH THIRD BANCORP | $1,623,222 | 30,807 | 0.32% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $1,527,641 | 28,993 | 0.30% | Shares |
| FIRST MANHATTAN CO. LLC. | $1,513,415 | 28,723 | 0.30% | Shares |
| XTX Topco Ltd | $1,488,493 | 28,250 | 0.29% | Shares |
| OSAIC HOLDINGS, INC. | $1,471,758 | 27,910 | 0.29% | Shares |
| FMR LLC | $1,468,154 | 27,864 | 0.29% | Shares |
| Legal & General Group Plc | $1,453,137 | 27,579 | 0.29% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $1,447,466 | 27,708 | 0.29% | Shares |
| Midwest Trust Co | $1,266,878 | 24,044 | 0.25% | Shares |
| New Hampshire Trust | $1,266,878 | 24,044 | 0.25% | Shares |
| MORGAN STANLEY | $1,204,233 | 22,855 | 0.24% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,166,135 | 22,132 | 0.23% | Shares |
| Advisors Asset Management, Inc. | $1,130,132 | 20,855 | 0.22% | Shares |
| GREAT LAKES ADVISORS, LLC | $1,090,156 | 20,690 | 0.22% | Shares |
| DEUTSCHE BANK AG\ | $1,061,967 | 20,155 | 0.21% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,029,457 | 19,538 | 0.20% | Shares |
| D. E. Shaw & Co., Inc. | $1,015,231 | 19,268 | 0.20% | Shares |
| HSBC HOLDINGS PLC | $1,012,223 | 19,059 | 0.20% | Shares |
| Maryland State Retirement & Pension System | $1,007,169 | 19,115 | 0.20% | Shares |
| PRUDENTIAL FINANCIAL INC | $988,886 | 18,768 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $895,289 | 17,138 | 0.18% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $875,795 | 16,622 | 0.17% | Shares |
| IEQ CAPITAL, LLC | $827,760 | 15,710 | 0.16% | Shares |
| Horizon Investments, LLC | $824,809 | 15,654 | 0.16% | Shares |
| HENNESSY ADVISORS INC | $806,052 | 15,298 | 0.16% | Shares |
| WELLS FARGO & COMPANY/MN | $802,258 | 15,226 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $778,167 | 14,896 | 0.15% | Shares |
| Corient Private Wealth LP | $737,294 | 13,993 | 0.15% | Shares |
| BARCLAYS PLC | $702,042 | 13,324 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $662,208 | 12,568 | 0.13% | Shares |
| Amundi | $640,921 | 12,164 | 0.13% | Shares |
| Quantbot Technologies LP | $608,938 | 11,557 | 0.12% | Shares |
| MetLife Investment Management, LLC | $593,553 | 11,265 | 0.12% | Shares |
| HighTower Advisors, LLC | $591,321 | 11,223 | 0.12% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $565,665 | 10,736 | 0.11% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $548,065 | 10,402 | 0.11% | Shares |
| State of Tennessee, Department of Treasury | $504,402 | 9,573 | 0.10% | Shares |
| VANGUARD GROUP INC | $496,655 | 10,253 | 0.10% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $491,071 | 9,320 | 0.10% | Shares |
| AlphaQuest LLC | $476,698 | 9,841 | 0.09% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $464,515 | 8,755 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $458,666 | 8,705 | 0.09% | Shares |
| Y-Intercept (Hong Kong) Ltd | $441,595 | 8,381 | 0.09% | Shares |
| Cerity Partners LLC | $436,963 | 8,293 | 0.09% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $436,695 | 8,288 | 0.09% | Shares |
| UBS Group AG | $423,101 | 8,030 | 0.08% | Shares |
| PDT Partners, LLC | $420,993 | 7,990 | 0.08% | Shares |
| Louisiana State Employees Retirement System | $416,251 | 7,900 | 0.08% | Shares |
| Aigen Investment Management, LP | $397,230 | 7,539 | 0.08% | Shares |
| KLP KAPITALFORVALTNING AS | $395,175 | 7,500 | 0.08% | Shares |
| Boston Partners | $392,960 | 7,458 | 0.08% | Shares |
| Quadrature Capital Ltd | $392,277 | 7,445 | 0.08% | Shares |
Company insiders 37 insiders · 14 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas P Meissner JR | Chairmain & CEO | Jan. 27, 2026 A | 145,995 | 0 | 0 | $0 |
| Robert G Schoenberger | Chairman and CEO | Jan. 29, 2018 A | 149,130 | 0 | 0 | $0 |
| Daniel J Hurstak | SVP, CFO & Treasurer | Jan. 27, 2026 A | 20,089 | 0 | 0 | $0 |
| Carleton B Simpson | SVP, Gen. Counsel & Secretary | Jan. 27, 2026 A | 5,100 | 0 | 0 | $0 |
| Todd R Diggins | CAO & Controller | Jan. 27, 2026 A | 8,263 | 0 | 0 | $0 |
| Justin Eisfeller | CTO | Jan. 27, 2026 A | 18,394 | 0 | 0 | $0 |
| Robert B Hevert | Pres. & Chief Admin Officer | Jan. 27, 2026 A | 35,465 | 0 | 0 | $0 |
| Christopher J Leblanc | Vice President | Jan. 27, 2026 A | 22,372 | 0 | 0 | $0 |
| Sandra L Whitney | Corporate Secretary | Jan. 28, 2025 A | 4,170 | 0 | 0 | $0 |
| Todd R Black | Senior Vice President | Jan. 24, 2023 A | 26,485 | 0 | 0 | $0 |
| Laurence M Brock | SVP | Jan. 26, 2021 A | 15,554 | 0 | 0 | $0 |
| Christine L Vaughan | SVP, Fin. & Regulatory Svcs | Jan. 28, 2020 A | 6,020 | 0 | 0 | $0 |
| George E Long JR | Vice President | June 6, 2017 J | 0 | 0 | 0 | $0 |
| George R Gantz | Sr. Vice President | April 1, 2012 J | 13,381 | 0 | 0 | $0 |
| Neveen F Awad | Director | Oct. 1, 2025 A | 3,779 | 0 | 0 | $0 |
| Anne L. Alonzo | Director | Oct. 1, 2025 A | 1,276 | 0 | 0 | $0 |
| Katherine Kountze | Director | Oct. 1, 2025 A | 1,624 | 0 | 0 | $0 |
| Winfield S Brown | Director | Oct. 1, 2025 A | 7,723 | 0 | 0 | $0 |
| Justine Vogel | Director | Oct. 1, 2025 A | 12,134 | 0 | 0 | $0 |
| Suzanne Foster | Director | Oct. 1, 2025 A | 12,134 | 0 | 0 | $0 |
| Jane Lewis-Raymond | Director | Oct. 1, 2025 A | 281 | 0 | 0 | $0 |
| Michael B Green | Director | Oct. 1, 2025 A | 5,530 | 0 | 0 | $0 |
| Mark H Collin | Director | Oct. 1, 2025 A | 58,837 | 0 | 0 | $0 |
| David A Whiteley | Director | Oct. 1, 2025 A | 11,033 | 0 | 0 | $0 |
| Edward F Godfrey | Director | Oct. 1, 2024 A | 13,289 | 0 | 0 | $0 |
| Eben S Moulton | Director | Oct. 2, 2023 A | 20,801 | 0 | 0 | $0 |
| Lisa Crutchfield | Director | Oct. 1, 2021 A | — | 0 | 0 | $0 |
| Robert V Antonucci | Director | Oct. 1, 2019 A | 3,465 | 0 | 0 | $0 |
| David P Brownell | Director | Oct. 1, 2019 A | 5,276 | 0 | 0 | $0 |
| Albert H Elfner III | Director | Oct. 1, 2019 A | 9,088 | 0 | 0 | $0 |
| Brian M Oshaughnessy | Director | Oct. 1, 2019 A | 16,106 | 0 | 0 | $0 |
| Sarah P Voll | Director | Oct. 2, 2017 J | 11,215 | 0 | 0 | $0 |
| William Drea Adams | Director | Oct. 1, 2013 A | 2,623 | 0 | 0 | $0 |
| Charles H Tenney III | Director | April 10, 2008 W | 82,251 | 0 | 0 | $0 |
| Ross B George | Director | Dec. 31, 2004 J | 4,600 | 0 | 0 | $0 |
| Michael J Dalton | — | Oct. 1, 2013 J | 7,138 | 0 | 0 | $0 |
| Raymond J Morrissey | — | March 9, 2009 J | 6,833 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person | June 23, 2014 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Sept. 14, 2012 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Aug. 19, 2011 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 58 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| XSHD · Invesco Exchange-Traded Fund Trust … | 1.15% | 15,738 SH | Aug. 8, 2026 | Daily |
| SIXS · EXCHANGE TRADED CONCEPTS TRUST | 1.07% | 27,048 NS | May 31, 2026 | N-PORT |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.99% | 45,880 SH | Aug. 8, 2026 | Daily |
| PSCU · Invesco Exchange-Traded Fund Trust … | 0.96% | 3,151 SH | Aug. 8, 2026 | Daily |
| SMDV · ProShares Trust | 0.90% | 117,685 NS | May 31, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.41% | 15,392 NS | May 31, 2026 | N-PORT |
| SVAL · iShares Trust | 0.39% | 15,008 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.22% | 61,348 SH | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.11% | 1,199 NS | April 30, 2026 | N-PORT |
| IJS · iShares Trust | 0.10% | 160,931 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.10% | 38,176 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.06% | 34,234 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.06% | 164,912 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.06% | 2,141 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 15,755 SH | Aug. 8, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.06% | 123,126 SH | Aug. 8, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 0.06% | 27,536 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.06% | 2,783 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.05% | 1,097,748 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.05% | 62,709 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 26,271 SH | Aug. 8, 2026 | Daily |
| TOLZ · ProShares Trust | 0.04% | 1,516 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.04% | 217 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 14,691 SH | Aug. 8, 2026 | Daily |
| POWR · iShares, Inc. | 0.04% | 3,155 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.03% | 57,380 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 4,163 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 104,212 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 443,787 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 7,684 NS | April 30, 2026 | N-PORT |
| IFRA · iShares Trust | 0.03% | 22,584 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 12,395 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 836 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 59,230 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 86,519 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 3,629 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.01% | 796 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 653 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 208,484 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 658 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 1,070 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 659 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,694 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 17 NS | May 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.00% | 512 SH | Aug. 8, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 1,212 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 704 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 6,909 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 18,532 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,008 NS | April 30, 2026 | N-PORT |