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

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $148.7M, roughly 1.1× Emergent BioSolutions Inc.). UNITIL CORP runs the higher net margin — 11.8% vs -36.7%, a 48.5% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs -23.6%). Emergent BioSolutions Inc. produced more free cash flow last quarter ($73.8M vs $-36.3M). Over the past eight quarters, UNITIL CORP's revenue compounded faster (-4.9% CAGR vs -29.6%).

Emergent BioSolutions Inc. is an American multinational specialty biopharmaceutical company headquartered in Gaithersburg, Maryland. It develops vaccines and antibody therapeutics for infectious diseases and opioid overdoses, and it provides medical devices for biodefense purposes.

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...

EBS vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.1× larger
UTL
$161.5M
$148.7M
EBS
Growing faster (revenue YoY)
UTL
UTL
+50.3% gap
UTL
26.7%
-23.6%
EBS
Higher net margin
UTL
UTL
48.5% more per $
UTL
11.8%
-36.7%
EBS
More free cash flow
EBS
EBS
$110.1M more FCF
EBS
$73.8M
$-36.3M
UTL
Faster 2-yr revenue CAGR
UTL
UTL
Annualised
UTL
-4.9%
-29.6%
EBS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EBS
EBS
UTL
UTL
Revenue
$148.7M
$161.5M
Net Profit
$-54.6M
$19.0M
Gross Margin
42.9%
Operating Margin
-18.8%
21.5%
Net Margin
-36.7%
11.8%
Revenue YoY
-23.6%
26.7%
Net Profit YoY
-74.4%
21.8%
EPS (diluted)
$-0.95
$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
EBS
EBS
UTL
UTL
Q4 25
$148.7M
$161.5M
Q3 25
$231.1M
$101.1M
Q2 25
$140.9M
$102.6M
Q1 25
$222.2M
$170.8M
Q4 24
$194.7M
$127.5M
Q3 24
$293.8M
$92.9M
Q2 24
$254.7M
$95.7M
Q1 24
$300.4M
$178.7M
Net Profit
EBS
EBS
UTL
UTL
Q4 25
$-54.6M
$19.0M
Q3 25
$51.2M
$-300.0K
Q2 25
$-12.0M
$4.0M
Q1 25
$68.0M
$27.5M
Q4 24
$-31.3M
$15.6M
Q3 24
$114.8M
$0
Q2 24
$-283.1M
$4.3M
Q1 24
$9.0M
$27.2M
Gross Margin
EBS
EBS
UTL
UTL
Q4 25
42.9%
Q3 25
62.8%
Q2 25
52.5%
Q1 25
60.2%
Q4 24
39.4%
Q3 24
54.9%
Q2 24
-18.8%
Q1 24
49.2%
Operating Margin
EBS
EBS
UTL
UTL
Q4 25
-18.8%
21.5%
Q3 25
33.1%
6.9%
Q2 25
1.1%
13.0%
Q1 25
22.5%
27.0%
Q4 24
-4.9%
22.1%
Q3 24
22.0%
6.2%
Q2 24
-79.9%
13.0%
Q1 24
13.2%
24.7%
Net Margin
EBS
EBS
UTL
UTL
Q4 25
-36.7%
11.8%
Q3 25
22.2%
-0.3%
Q2 25
-8.5%
3.9%
Q1 25
30.6%
16.1%
Q4 24
-16.1%
12.2%
Q3 24
39.1%
Q2 24
-111.2%
4.5%
Q1 24
3.0%
15.2%
EPS (diluted)
EBS
EBS
UTL
UTL
Q4 25
$-0.95
$1.05
Q3 25
$0.91
$-0.02
Q2 25
$-0.22
$0.25
Q1 25
$1.19
$1.69
Q4 24
$-0.45
$0.97
Q3 24
$2.06
$0.00
Q2 24
$-5.38
$0.27
Q1 24
$0.17
$1.69

Balance Sheet & Financial Strength

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

Metric
EBS
EBS
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$205.4M
$15.6M
Total DebtLower is stronger
$589.7M
$670.5M
Stockholders' EquityBook value
$522.6M
$609.6M
Total Assets
$1.3B
$2.1B
Debt / EquityLower = less leverage
1.13×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBS
EBS
UTL
UTL
Q4 25
$205.4M
$15.6M
Q3 25
$245.5M
$14.6M
Q2 25
$267.3M
$8.5M
Q1 25
$149.1M
$10.2M
Q4 24
$99.5M
$6.3M
Q3 24
$149.9M
$6.3M
Q2 24
$69.7M
$2.8M
Q1 24
$78.5M
$6.3M
Total Debt
EBS
EBS
UTL
UTL
Q4 25
$589.7M
$670.5M
Q3 25
$693.1M
$670.5M
Q2 25
$700.0M
$640.7M
Q1 25
$700.0M
$642.1M
Q4 24
$700.0M
$643.3M
Q3 24
$700.8M
$643.3M
Q2 24
$863.8M
$511.3M
Q1 24
$909.2M
$512.8M
Stockholders' Equity
EBS
EBS
UTL
UTL
Q4 25
$522.6M
$609.6M
Q3 25
$582.5M
$597.2M
Q2 25
$536.2M
$532.8M
Q1 25
$552.7M
$534.1M
Q4 24
$482.8M
$512.5M
Q3 24
$508.4M
$502.4M
Q2 24
$386.3M
$508.8M
Q1 24
$663.9M
$510.8M
Total Assets
EBS
EBS
UTL
UTL
Q4 25
$1.3B
$2.1B
Q3 25
$1.5B
$1.9B
Q2 25
$1.4B
$1.9B
Q1 25
$1.4B
$1.9B
Q4 24
$1.4B
$1.8B
Q3 24
$1.5B
$1.7B
Q2 24
$1.5B
$1.7B
Q1 24
$1.8B
$1.7B
Debt / Equity
EBS
EBS
UTL
UTL
Q4 25
1.13×
1.10×
Q3 25
1.19×
1.12×
Q2 25
1.31×
1.20×
Q1 25
1.27×
1.20×
Q4 24
1.45×
1.26×
Q3 24
1.38×
1.28×
Q2 24
2.24×
1.00×
Q1 24
1.37×
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
EBS
EBS
UTL
UTL
Operating Cash FlowLast quarter
$77.7M
$21.4M
Free Cash FlowOCF − Capex
$73.8M
$-36.3M
FCF MarginFCF / Revenue
49.6%
-22.5%
Capex IntensityCapex / Revenue
2.6%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$156.8M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBS
EBS
UTL
UTL
Q4 25
$77.7M
$21.4M
Q3 25
$-2.3M
$15.6M
Q2 25
$106.4M
$42.2M
Q1 25
$-11.2M
$52.1M
Q4 24
$-79.9M
$23.3M
Q3 24
$153.7M
$26.1M
Q2 24
$47.5M
$49.9M
Q1 24
$-62.6M
$26.6M
Free Cash Flow
EBS
EBS
UTL
UTL
Q4 25
$73.8M
$-36.3M
Q3 25
$-5.7M
$-39.0M
Q2 25
$103.5M
$2.0M
Q1 25
$-14.8M
$19.5M
Q4 24
$-81.6M
$-32.3M
Q3 24
$147.9M
$-31.3M
Q2 24
$42.9M
$13.2M
Q1 24
$-73.4M
$6.4M
FCF Margin
EBS
EBS
UTL
UTL
Q4 25
49.6%
-22.5%
Q3 25
-2.5%
-38.6%
Q2 25
73.5%
1.9%
Q1 25
-6.7%
11.4%
Q4 24
-41.9%
-25.3%
Q3 24
50.3%
-33.7%
Q2 24
16.8%
13.8%
Q1 24
-24.4%
3.6%
Capex Intensity
EBS
EBS
UTL
UTL
Q4 25
2.6%
35.7%
Q3 25
1.5%
54.0%
Q2 25
2.1%
39.2%
Q1 25
1.6%
19.1%
Q4 24
0.9%
43.6%
Q3 24
2.0%
61.8%
Q2 24
1.8%
38.3%
Q1 24
3.6%
11.3%
Cash Conversion
EBS
EBS
UTL
UTL
Q4 25
1.13×
Q3 25
-0.04×
Q2 25
10.55×
Q1 25
-0.16×
1.89×
Q4 24
1.49×
Q3 24
1.34×
Q2 24
11.60×
Q1 24
-6.96×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBS
EBS

Medical Countermeasures MCM Product$99.2M67%
Commercial Products Segment$38.4M26%
All Other Revenue$11.1M7%

UTL
UTL

Segment breakdown not available.

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