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Side-by-side financial comparison of Asana, Inc. (ASAN) and UNITIL CORP (UTL). Click either name above to swap in a different company.

Asana, Inc. is the larger business by last-quarter revenue ($201.0M vs $161.5M, roughly 1.2× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs -34.0%, a 45.8% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 9.3%). Asana, Inc. produced more free cash flow last quarter ($15.5M vs $-36.3M). Over the past eight quarters, Asana, Inc.'s revenue compounded faster (8.4% CAGR vs -4.9%).

Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.

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 distr...

ASAN vs UTL — Head-to-Head

Bigger by revenue
ASAN
ASAN
1.2× larger
ASAN
$201.0M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+17.3% gap
UTL
26.7%
9.3%
ASAN
Higher net margin
UTL
UTL
45.8% more per $
UTL
11.8%
-34.0%
ASAN
More free cash flow
ASAN
ASAN
$51.8M more FCF
ASAN
$15.5M
$-36.3M
UTL
Faster 2-yr revenue CAGR
ASAN
ASAN
Annualised
ASAN
8.4%
-4.9%
UTL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ASAN
ASAN
UTL
UTL
Revenue
$201.0M
$161.5M
Net Profit
$-68.4M
$19.0M
Gross Margin
88.9%
Operating Margin
-34.8%
21.5%
Net Margin
-34.0%
11.8%
Revenue YoY
9.3%
26.7%
Net Profit YoY
-19.4%
21.8%
EPS (diluted)
$-0.29
$1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASAN
ASAN
UTL
UTL
Q4 25
$201.0M
$161.5M
Q3 25
$196.9M
$101.1M
Q2 25
$187.3M
$102.6M
Q1 25
$188.3M
$170.8M
Q4 24
$183.9M
$127.5M
Q3 24
$179.2M
$92.9M
Q2 24
$172.4M
$95.7M
Q1 24
$171.1M
$178.7M
Net Profit
ASAN
ASAN
UTL
UTL
Q4 25
$-68.4M
$19.0M
Q3 25
$-48.4M
$-300.0K
Q2 25
$-40.0M
$4.0M
Q1 25
$-62.3M
$27.5M
Q4 24
$-57.3M
$15.6M
Q3 24
$-72.2M
$0
Q2 24
$-63.7M
$4.3M
Q1 24
$-62.4M
$27.2M
Gross Margin
ASAN
ASAN
UTL
UTL
Q4 25
88.9%
Q3 25
89.7%
Q2 25
89.7%
Q1 25
89.6%
Q4 24
89.2%
Q3 24
88.8%
Q2 24
89.7%
Q1 24
89.8%
Operating Margin
ASAN
ASAN
UTL
UTL
Q4 25
-34.8%
21.5%
Q3 25
-25.1%
6.9%
Q2 25
-23.4%
13.0%
Q1 25
-33.8%
27.0%
Q4 24
-32.7%
22.1%
Q3 24
-42.9%
6.2%
Q2 24
-38.4%
13.0%
Q1 24
-39.7%
24.7%
Net Margin
ASAN
ASAN
UTL
UTL
Q4 25
-34.0%
11.8%
Q3 25
-24.6%
-0.3%
Q2 25
-21.4%
3.9%
Q1 25
-33.1%
16.1%
Q4 24
-31.2%
12.2%
Q3 24
-40.3%
Q2 24
-37.0%
4.5%
Q1 24
-36.5%
15.2%
EPS (diluted)
ASAN
ASAN
UTL
UTL
Q4 25
$-0.29
$1.05
Q3 25
$-0.20
$-0.02
Q2 25
$-0.17
$0.25
Q1 25
$-0.27
$1.69
Q4 24
$-0.25
$0.97
Q3 24
$-0.31
$0.00
Q2 24
$-0.28
$0.27
Q1 24
$-0.28
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASAN
ASAN
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$183.5M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$188.4M
$609.6M
Total Assets
$840.4M
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
UTL
UTL
Q4 25
$183.5M
$15.6M
Q3 25
$184.1M
$14.6M
Q2 25
$193.8M
$8.5M
Q1 25
$184.7M
$10.2M
Q4 24
$196.8M
$6.3M
Q3 24
$219.4M
$6.3M
Q2 24
$222.0M
$2.8M
Q1 24
$236.7M
$6.3M
Total Debt
ASAN
ASAN
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
ASAN
ASAN
UTL
UTL
Q4 25
$188.4M
$609.6M
Q3 25
$224.6M
$597.2M
Q2 25
$236.3M
$532.8M
Q1 25
$227.5M
$534.1M
Q4 24
$239.3M
$512.5M
Q3 24
$291.9M
$502.4M
Q2 24
$319.9M
$508.8M
Q1 24
$326.4M
$510.8M
Total Assets
ASAN
ASAN
UTL
UTL
Q4 25
$840.4M
$2.1B
Q3 25
$883.2M
$1.9B
Q2 25
$877.1M
$1.9B
Q1 25
$891.4M
$1.9B
Q4 24
$874.2M
$1.8B
Q3 24
$945.4M
$1.7B
Q2 24
$978.2M
$1.7B
Q1 24
$962.0M
$1.7B
Debt / Equity
ASAN
ASAN
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASAN
ASAN
UTL
UTL
Operating Cash FlowLast quarter
$16.2M
$21.4M
Free Cash FlowOCF − Capex
$15.5M
$-36.3M
FCF MarginFCF / Revenue
7.7%
-22.5%
Capex IntensityCapex / Revenue
0.3%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$74.5M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
UTL
UTL
Q4 25
$16.2M
$21.4M
Q3 25
$39.8M
$15.6M
Q2 25
$6.8M
$42.2M
Q1 25
$15.9M
$52.1M
Q4 24
$-14.9M
$23.3M
Q3 24
$15.9M
$26.1M
Q2 24
$-1.9M
$49.9M
Q1 24
$-15.3M
$26.6M
Free Cash Flow
ASAN
ASAN
UTL
UTL
Q4 25
$15.5M
$-36.3M
Q3 25
$38.5M
$-39.0M
Q2 25
$6.1M
$2.0M
Q1 25
$14.3M
$19.5M
Q4 24
$-16.3M
$-32.3M
Q3 24
$14.2M
$-31.3M
Q2 24
$-2.9M
$13.2M
Q1 24
$-15.8M
$6.4M
FCF Margin
ASAN
ASAN
UTL
UTL
Q4 25
7.7%
-22.5%
Q3 25
19.6%
-38.6%
Q2 25
3.3%
1.9%
Q1 25
7.6%
11.4%
Q4 24
-8.8%
-25.3%
Q3 24
7.9%
-33.7%
Q2 24
-1.7%
13.8%
Q1 24
-9.3%
3.6%
Capex Intensity
ASAN
ASAN
UTL
UTL
Q4 25
0.3%
35.7%
Q3 25
0.7%
54.0%
Q2 25
0.3%
39.2%
Q1 25
0.8%
19.1%
Q4 24
0.7%
43.6%
Q3 24
0.9%
61.8%
Q2 24
0.6%
38.3%
Q1 24
0.3%
11.3%
Cash Conversion
ASAN
ASAN
UTL
UTL
Q4 25
1.13×
Q3 25
Q2 25
10.55×
Q1 25
1.89×
Q4 24
1.49×
Q3 24
Q2 24
11.60×
Q1 24
0.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

UTL
UTL

Segment breakdown not available.

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