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

Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $161.5M, roughly 1.9× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs -25.2%, a 36.9% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 20.5%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $-36.3M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs -4.9%).

Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.

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...

CFLT vs UTL — Head-to-Head

Bigger by revenue
CFLT
CFLT
1.9× larger
CFLT
$314.8M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+6.1% gap
UTL
26.7%
20.5%
CFLT
Higher net margin
UTL
UTL
36.9% more per $
UTL
11.8%
-25.2%
CFLT
More free cash flow
CFLT
CFLT
$78.0M more FCF
CFLT
$41.7M
$-36.3M
UTL
Faster 2-yr revenue CAGR
CFLT
CFLT
Annualised
CFLT
20.4%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CFLT
CFLT
UTL
UTL
Revenue
$314.8M
$161.5M
Net Profit
$-79.2M
$19.0M
Gross Margin
74.7%
Operating Margin
-31.5%
21.5%
Net Margin
-25.2%
11.8%
Revenue YoY
20.5%
26.7%
Net Profit YoY
10.0%
21.8%
EPS (diluted)
$-0.23
$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
CFLT
CFLT
UTL
UTL
Q4 25
$314.8M
$161.5M
Q3 25
$298.5M
$101.1M
Q2 25
$282.3M
$102.6M
Q1 25
$271.1M
$170.8M
Q4 24
$261.2M
$127.5M
Q3 24
$250.2M
$92.9M
Q2 24
$235.0M
$95.7M
Q1 24
$217.2M
$178.7M
Net Profit
CFLT
CFLT
UTL
UTL
Q4 25
$-79.2M
$19.0M
Q3 25
$-66.5M
$-300.0K
Q2 25
$-82.0M
$4.0M
Q1 25
$-67.6M
$27.5M
Q4 24
$-88.1M
$15.6M
Q3 24
$-74.1M
$0
Q2 24
$-89.9M
$4.3M
Q1 24
$-93.0M
$27.2M
Gross Margin
CFLT
CFLT
UTL
UTL
Q4 25
74.7%
Q3 25
74.2%
Q2 25
73.7%
Q1 25
74.5%
Q4 24
74.1%
Q3 24
74.5%
Q2 24
72.3%
Q1 24
71.8%
Operating Margin
CFLT
CFLT
UTL
UTL
Q4 25
-31.5%
21.5%
Q3 25
-27.9%
6.9%
Q2 25
-34.2%
13.0%
Q1 25
-37.3%
27.0%
Q4 24
-40.5%
22.1%
Q3 24
-37.4%
6.2%
Q2 24
-46.1%
13.0%
Q1 24
-51.3%
24.7%
Net Margin
CFLT
CFLT
UTL
UTL
Q4 25
-25.2%
11.8%
Q3 25
-22.3%
-0.3%
Q2 25
-29.0%
3.9%
Q1 25
-24.9%
16.1%
Q4 24
-33.7%
12.2%
Q3 24
-29.6%
Q2 24
-38.3%
4.5%
Q1 24
-42.8%
15.2%
EPS (diluted)
CFLT
CFLT
UTL
UTL
Q4 25
$-0.23
$1.05
Q3 25
$-0.19
$-0.02
Q2 25
$-0.24
$0.25
Q1 25
$-0.20
$1.69
Q4 24
$-0.26
$0.97
Q3 24
$-0.23
$0.00
Q2 24
$-0.28
$0.27
Q1 24
$-0.30
$1.69

Balance Sheet & Financial Strength

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

Metric
CFLT
CFLT
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$347.2M
$15.6M
Total DebtLower is stronger
$1.1B
$670.5M
Stockholders' EquityBook value
$1.2B
$609.6M
Total Assets
$3.0B
$2.1B
Debt / EquityLower = less leverage
0.94×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CFLT
CFLT
UTL
UTL
Q4 25
$347.2M
$15.6M
Q3 25
$298.5M
$14.6M
Q2 25
$295.6M
$8.5M
Q1 25
$278.6M
$10.2M
Q4 24
$386.0M
$6.3M
Q3 24
$322.6M
$6.3M
Q2 24
$311.3M
$2.8M
Q1 24
$336.4M
$6.3M
Total Debt
CFLT
CFLT
UTL
UTL
Q4 25
$1.1B
$670.5M
Q3 25
$1.1B
$670.5M
Q2 25
$1.1B
$640.7M
Q1 25
$1.1B
$642.1M
Q4 24
$1.1B
$643.3M
Q3 24
$1.1B
$643.3M
Q2 24
$1.1B
$511.3M
Q1 24
$1.1B
$512.8M
Stockholders' Equity
CFLT
CFLT
UTL
UTL
Q4 25
$1.2B
$609.6M
Q3 25
$1.1B
$597.2M
Q2 25
$1.1B
$532.8M
Q1 25
$1.0B
$534.1M
Q4 24
$961.2M
$512.5M
Q3 24
$934.3M
$502.4M
Q2 24
$873.9M
$508.8M
Q1 24
$845.2M
$510.8M
Total Assets
CFLT
CFLT
UTL
UTL
Q4 25
$3.0B
$2.1B
Q3 25
$2.9B
$1.9B
Q2 25
$2.8B
$1.9B
Q1 25
$2.7B
$1.9B
Q4 24
$2.7B
$1.8B
Q3 24
$2.6B
$1.7B
Q2 24
$2.5B
$1.7B
Q1 24
$2.4B
$1.7B
Debt / Equity
CFLT
CFLT
UTL
UTL
Q4 25
0.94×
1.10×
Q3 25
0.98×
1.12×
Q2 25
1.03×
1.20×
Q1 25
1.07×
1.20×
Q4 24
1.14×
1.26×
Q3 24
1.17×
1.28×
Q2 24
1.25×
1.00×
Q1 24
1.29×
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
CFLT
CFLT
UTL
UTL
Operating Cash FlowLast quarter
$42.1M
$21.4M
Free Cash FlowOCF − Capex
$41.7M
$-36.3M
FCF MarginFCF / Revenue
13.2%
-22.5%
Capex IntensityCapex / Revenue
0.1%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$60.7M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CFLT
CFLT
UTL
UTL
Q4 25
$42.1M
$21.4M
Q3 25
$30.8M
$15.6M
Q2 25
$18.1M
$42.2M
Q1 25
$-26.8M
$52.1M
Q4 24
$35.2M
$23.3M
Q3 24
$15.6M
$26.1M
Q2 24
$8.6M
$49.9M
Q1 24
$-26.0M
$26.6M
Free Cash Flow
CFLT
CFLT
UTL
UTL
Q4 25
$41.7M
$-36.3M
Q3 25
$30.0M
$-39.0M
Q2 25
$17.2M
$2.0M
Q1 25
$-28.2M
$19.5M
Q4 24
$34.5M
$-32.3M
Q3 24
$15.0M
$-31.3M
Q2 24
$7.5M
$13.2M
Q1 24
$-26.1M
$6.4M
FCF Margin
CFLT
CFLT
UTL
UTL
Q4 25
13.2%
-22.5%
Q3 25
10.0%
-38.6%
Q2 25
6.1%
1.9%
Q1 25
-10.4%
11.4%
Q4 24
13.2%
-25.3%
Q3 24
6.0%
-33.7%
Q2 24
3.2%
13.8%
Q1 24
-12.0%
3.6%
Capex Intensity
CFLT
CFLT
UTL
UTL
Q4 25
0.1%
35.7%
Q3 25
0.3%
54.0%
Q2 25
0.3%
39.2%
Q1 25
0.5%
19.1%
Q4 24
0.3%
43.6%
Q3 24
0.2%
61.8%
Q2 24
0.5%
38.3%
Q1 24
0.1%
11.3%
Cash Conversion
CFLT
CFLT
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

CFLT
CFLT

Confluent Cloud$169.4M54%
Post Contract Customer Support$93.8M30%
License$38.4M12%
Services$13.2M4%

UTL
UTL

Segment breakdown not available.

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