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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.5× Granite Ridge Resources, Inc.). On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs -0.8%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -4.9%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

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...

GRNT vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.5× larger
UTL
$161.5M
$105.5M
GRNT
Growing faster (revenue YoY)
UTL
UTL
+27.4% gap
UTL
26.7%
-0.8%
GRNT
Faster 2-yr revenue CAGR
GRNT
GRNT
Annualised
GRNT
8.9%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRNT
GRNT
UTL
UTL
Revenue
$105.5M
$161.5M
Net Profit
$19.0M
Gross Margin
Operating Margin
-34.5%
21.5%
Net Margin
11.8%
Revenue YoY
-0.8%
26.7%
Net Profit YoY
21.8%
EPS (diluted)
$-0.19
$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
GRNT
GRNT
UTL
UTL
Q4 25
$105.5M
$161.5M
Q3 25
$112.7M
$101.1M
Q2 25
$109.2M
$102.6M
Q1 25
$122.9M
$170.8M
Q4 24
$106.3M
$127.5M
Q3 24
$94.1M
$92.9M
Q2 24
$90.7M
$95.7M
Q1 24
$89.0M
$178.7M
Net Profit
GRNT
GRNT
UTL
UTL
Q4 25
$19.0M
Q3 25
$14.5M
$-300.0K
Q2 25
$25.1M
$4.0M
Q1 25
$9.8M
$27.5M
Q4 24
$15.6M
Q3 24
$9.1M
$0
Q2 24
$5.1M
$4.3M
Q1 24
$16.2M
$27.2M
Operating Margin
GRNT
GRNT
UTL
UTL
Q4 25
-34.5%
21.5%
Q3 25
17.4%
6.9%
Q2 25
19.0%
13.0%
Q1 25
34.6%
27.0%
Q4 24
-6.5%
22.1%
Q3 24
26.2%
6.2%
Q2 24
24.1%
13.0%
Q1 24
22.0%
24.7%
Net Margin
GRNT
GRNT
UTL
UTL
Q4 25
11.8%
Q3 25
12.9%
-0.3%
Q2 25
23.0%
3.9%
Q1 25
8.0%
16.1%
Q4 24
12.2%
Q3 24
9.6%
Q2 24
5.6%
4.5%
Q1 24
18.2%
15.2%
EPS (diluted)
GRNT
GRNT
UTL
UTL
Q4 25
$-0.19
$1.05
Q3 25
$0.11
$-0.02
Q2 25
$0.19
$0.25
Q1 25
$0.07
$1.69
Q4 24
$-0.09
$0.97
Q3 24
$0.07
$0.00
Q2 24
$0.04
$0.27
Q1 24
$0.12
$1.69

Balance Sheet & Financial Strength

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

Metric
GRNT
GRNT
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$15.6M
Total DebtLower is stronger
$367.8M
$670.5M
Stockholders' EquityBook value
$605.8M
$609.6M
Total Assets
$1.2B
$2.1B
Debt / EquityLower = less leverage
0.61×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRNT
GRNT
UTL
UTL
Q4 25
$15.6M
Q3 25
$14.6M
Q2 25
$8.5M
Q1 25
$10.2M
Q4 24
$6.3M
Q3 24
$6.3M
Q2 24
$2.8M
Q1 24
$6.3M
Total Debt
GRNT
GRNT
UTL
UTL
Q4 25
$367.8M
$670.5M
Q3 25
$300.0M
$670.5M
Q2 25
$275.0M
$640.7M
Q1 25
$250.0M
$642.1M
Q4 24
$205.0M
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$137.5M
$512.8M
Stockholders' Equity
GRNT
GRNT
UTL
UTL
Q4 25
$605.8M
$609.6M
Q3 25
$643.9M
$597.2M
Q2 25
$642.5M
$532.8M
Q1 25
$631.4M
$534.1M
Q4 24
$635.4M
$512.5M
Q3 24
$660.6M
$502.4M
Q2 24
$665.3M
$508.8M
Q1 24
$674.0M
$510.8M
Total Assets
GRNT
GRNT
UTL
UTL
Q4 25
$1.2B
$2.1B
Q3 25
$1.1B
$1.9B
Q2 25
$1.1B
$1.9B
Q1 25
$1.1B
$1.9B
Q4 24
$1.0B
$1.8B
Q3 24
$1.0B
$1.7B
Q2 24
$990.5M
$1.7B
Q1 24
$966.7M
$1.7B
Debt / Equity
GRNT
GRNT
UTL
UTL
Q4 25
0.61×
1.10×
Q3 25
0.47×
1.12×
Q2 25
0.43×
1.20×
Q1 25
0.40×
1.20×
Q4 24
0.32×
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
0.20×
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
GRNT
GRNT
UTL
UTL
Operating Cash FlowLast quarter
$64.5M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRNT
GRNT
UTL
UTL
Q4 25
$64.5M
$21.4M
Q3 25
$77.8M
$15.6M
Q2 25
$78.0M
$42.2M
Q1 25
$76.1M
$52.1M
Q4 24
$68.2M
$23.3M
Q3 24
$74.7M
$26.1M
Q2 24
$64.2M
$49.9M
Q1 24
$68.7M
$26.6M
Free Cash Flow
GRNT
GRNT
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
GRNT
GRNT
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
GRNT
GRNT
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
GRNT
GRNT
UTL
UTL
Q4 25
1.13×
Q3 25
5.36×
Q2 25
3.11×
10.55×
Q1 25
7.75×
1.89×
Q4 24
1.49×
Q3 24
8.25×
Q2 24
12.58×
11.60×
Q1 24
4.23×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

UTL
UTL

Segment breakdown not available.

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