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Side-by-side financial comparison of GREENLIGHT CAPITAL RE, LTD. (GLRE) and UNITIL CORP (UTL). Click either name above to swap in a different company.

GREENLIGHT CAPITAL RE, LTD. is the larger business by last-quarter revenue ($210.3M vs $161.5M, roughly 1.3× UNITIL CORP). GREENLIGHT CAPITAL RE, LTD. runs the higher net margin — 23.4% vs 11.8%, a 11.7% gap on every dollar of revenue. On growth, GREENLIGHT CAPITAL RE, LTD. posted the faster year-over-year revenue change (48.3% vs 26.7%). Over the past eight quarters, GREENLIGHT CAPITAL RE, LTD.'s revenue compounded faster (4.8% CAGR vs -4.9%).

Greenlight Capital is an American hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager.

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...

GLRE vs UTL — Head-to-Head

Bigger by revenue
GLRE
GLRE
1.3× larger
GLRE
$210.3M
$161.5M
UTL
Growing faster (revenue YoY)
GLRE
GLRE
+21.6% gap
GLRE
48.3%
26.7%
UTL
Higher net margin
GLRE
GLRE
11.7% more per $
GLRE
23.4%
11.8%
UTL
Faster 2-yr revenue CAGR
GLRE
GLRE
Annualised
GLRE
4.8%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLRE
GLRE
UTL
UTL
Revenue
$210.3M
$161.5M
Net Profit
$49.3M
$19.0M
Gross Margin
Operating Margin
21.5%
Net Margin
23.4%
11.8%
Revenue YoY
48.3%
26.7%
Net Profit YoY
279.7%
21.8%
EPS (diluted)
$1.43
$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
GLRE
GLRE
UTL
UTL
Q4 25
$210.3M
$161.5M
Q3 25
$146.1M
$101.1M
Q2 25
$160.1M
$102.6M
Q1 25
$213.3M
$170.8M
Q4 24
$141.8M
$127.5M
Q3 24
$188.0M
$92.9M
Q2 24
$174.9M
$95.7M
Q1 24
$191.3M
$178.7M
Net Profit
GLRE
GLRE
UTL
UTL
Q4 25
$49.3M
$19.0M
Q3 25
$-4.4M
$-300.0K
Q2 25
$329.0K
$4.0M
Q1 25
$29.6M
$27.5M
Q4 24
$-27.4M
$15.6M
Q3 24
$35.2M
$0
Q2 24
$8.0M
$4.3M
Q1 24
$27.0M
$27.2M
Operating Margin
GLRE
GLRE
UTL
UTL
Q4 25
21.5%
Q3 25
6.9%
Q2 25
13.0%
Q1 25
27.0%
Q4 24
22.1%
Q3 24
6.2%
Q2 24
13.0%
Q1 24
24.7%
Net Margin
GLRE
GLRE
UTL
UTL
Q4 25
23.4%
11.8%
Q3 25
-3.0%
-0.3%
Q2 25
0.2%
3.9%
Q1 25
13.9%
16.1%
Q4 24
-19.3%
12.2%
Q3 24
18.7%
Q2 24
4.6%
4.5%
Q1 24
14.1%
15.2%
EPS (diluted)
GLRE
GLRE
UTL
UTL
Q4 25
$1.43
$1.05
Q3 25
$-0.13
$-0.02
Q2 25
$0.01
$0.25
Q1 25
$0.86
$1.69
Q4 24
$-0.78
$0.97
Q3 24
$1.01
$0.00
Q2 24
$0.23
$0.27
Q1 24
$0.78
$1.69

Balance Sheet & Financial Strength

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

Metric
GLRE
GLRE
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$111.8M
$15.6M
Total DebtLower is stronger
$4.7M
$670.5M
Stockholders' EquityBook value
$708.0M
$609.6M
Total Assets
$2.2B
$2.1B
Debt / EquityLower = less leverage
0.01×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLRE
GLRE
UTL
UTL
Q4 25
$111.8M
$15.6M
Q3 25
$68.8M
$14.6M
Q2 25
$82.4M
$8.5M
Q1 25
$47.5M
$10.2M
Q4 24
$64.7M
$6.3M
Q3 24
$54.6M
$6.3M
Q2 24
$52.2M
$2.8M
Q1 24
$61.6M
$6.3M
Total Debt
GLRE
GLRE
UTL
UTL
Q4 25
$4.7M
$670.5M
Q3 25
$34.7M
$670.5M
Q2 25
$58.9M
$640.7M
Q1 25
$59.8M
$642.1M
Q4 24
$60.7M
$643.3M
Q3 24
$62.6M
$643.3M
Q2 24
$61.6M
$511.3M
Q1 24
$72.5M
$512.8M
Stockholders' Equity
GLRE
GLRE
UTL
UTL
Q4 25
$708.0M
$609.6M
Q3 25
$658.9M
$597.2M
Q2 25
$663.3M
$532.8M
Q1 25
$666.8M
$534.1M
Q4 24
$635.9M
$512.5M
Q3 24
$663.4M
$502.4M
Q2 24
$634.0M
$508.8M
Q1 24
$624.5M
$510.8M
Total Assets
GLRE
GLRE
UTL
UTL
Q4 25
$2.2B
$2.1B
Q3 25
$2.1B
$1.9B
Q2 25
$2.2B
$1.9B
Q1 25
$2.2B
$1.9B
Q4 24
$2.0B
$1.8B
Q3 24
$2.0B
$1.7B
Q2 24
$1.9B
$1.7B
Q1 24
$1.9B
$1.7B
Debt / Equity
GLRE
GLRE
UTL
UTL
Q4 25
0.01×
1.10×
Q3 25
0.05×
1.12×
Q2 25
0.09×
1.20×
Q1 25
0.09×
1.20×
Q4 24
0.10×
1.26×
Q3 24
0.09×
1.28×
Q2 24
0.10×
1.00×
Q1 24
0.12×
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
GLRE
GLRE
UTL
UTL
Operating Cash FlowLast quarter
$100.2M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
2.03×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLRE
GLRE
UTL
UTL
Q4 25
$100.2M
$21.4M
Q3 25
$31.2M
$15.6M
Q2 25
$68.4M
$42.2M
Q1 25
$10.4M
$52.1M
Q4 24
$29.5M
$23.3M
Q3 24
$41.3M
$26.1M
Q2 24
$22.7M
$49.9M
Q1 24
$18.0M
$26.6M
Free Cash Flow
GLRE
GLRE
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
GLRE
GLRE
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
GLRE
GLRE
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
GLRE
GLRE
UTL
UTL
Q4 25
2.03×
1.13×
Q3 25
Q2 25
208.02×
10.55×
Q1 25
0.35×
1.89×
Q4 24
1.49×
Q3 24
1.17×
Q2 24
2.85×
11.60×
Q1 24
0.66×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLRE
GLRE

Other$124.7M59%
Innovations$85.6M41%

UTL
UTL

Segment breakdown not available.

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