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Side-by-side financial comparison of Innoviva, Inc. (INVA) 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 $114.6M, roughly 1.4× Innoviva, Inc.). Innoviva, Inc. runs the higher net margin — 143.2% vs 11.8%, a 131.5% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 24.8%). Over the past eight quarters, Innoviva, Inc.'s revenue compounded faster (21.6% CAGR vs -4.9%).

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

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...

INVA vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.4× larger
UTL
$161.5M
$114.6M
INVA
Growing faster (revenue YoY)
UTL
UTL
+1.8% gap
UTL
26.7%
24.8%
INVA
Higher net margin
INVA
INVA
131.5% more per $
INVA
143.2%
11.8%
UTL
Faster 2-yr revenue CAGR
INVA
INVA
Annualised
INVA
21.6%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INVA
INVA
UTL
UTL
Revenue
$114.6M
$161.5M
Net Profit
$164.2M
$19.0M
Gross Margin
66.0%
Operating Margin
34.0%
21.5%
Net Margin
143.2%
11.8%
Revenue YoY
24.8%
26.7%
Net Profit YoY
707.4%
21.8%
EPS (diluted)
$2.19
$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
INVA
INVA
UTL
UTL
Q4 25
$114.6M
$161.5M
Q3 25
$107.8M
$101.1M
Q2 25
$100.3M
$102.6M
Q1 25
$88.6M
$170.8M
Q4 24
$91.8M
$127.5M
Q3 24
$89.5M
$92.9M
Q2 24
$99.9M
$95.7M
Q1 24
$77.5M
$178.7M
Net Profit
INVA
INVA
UTL
UTL
Q4 25
$164.2M
$19.0M
Q3 25
$89.9M
$-300.0K
Q2 25
$63.7M
$4.0M
Q1 25
$-46.6M
$27.5M
Q4 24
$20.3M
$15.6M
Q3 24
$1.2M
$0
Q2 24
$-34.7M
$4.3M
Q1 24
$36.5M
$27.2M
Gross Margin
INVA
INVA
UTL
UTL
Q4 25
66.0%
Q3 25
70.1%
Q2 25
82.9%
Q1 25
82.7%
Q4 24
85.1%
Q3 24
81.6%
Q2 24
85.1%
Q1 24
77.5%
Operating Margin
INVA
INVA
UTL
UTL
Q4 25
34.0%
21.5%
Q3 25
32.1%
6.9%
Q2 25
48.6%
13.0%
Q1 25
46.7%
27.0%
Q4 24
47.0%
22.1%
Q3 24
48.3%
6.2%
Q2 24
54.7%
13.0%
Q1 24
33.3%
24.7%
Net Margin
INVA
INVA
UTL
UTL
Q4 25
143.2%
11.8%
Q3 25
83.4%
-0.3%
Q2 25
63.5%
3.9%
Q1 25
-52.6%
16.1%
Q4 24
22.1%
12.2%
Q3 24
1.4%
Q2 24
-34.7%
4.5%
Q1 24
47.1%
15.2%
EPS (diluted)
INVA
INVA
UTL
UTL
Q4 25
$2.19
$1.05
Q3 25
$1.08
$-0.02
Q2 25
$0.77
$0.25
Q1 25
$-0.74
$1.69
Q4 24
$0.43
$0.97
Q3 24
$0.02
$0.00
Q2 24
$-0.55
$0.27
Q1 24
$0.46
$1.69

Balance Sheet & Financial Strength

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

Metric
INVA
INVA
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$550.9M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$1.2B
$609.6M
Total Assets
$1.6B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVA
INVA
UTL
UTL
Q4 25
$550.9M
$15.6M
Q3 25
$476.5M
$14.6M
Q2 25
$397.5M
$8.5M
Q1 25
$319.1M
$10.2M
Q4 24
$305.0M
$6.3M
Q3 24
$260.6M
$6.3M
Q2 24
$217.0M
$2.8M
Q1 24
$178.4M
$6.3M
Total Debt
INVA
INVA
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
INVA
INVA
UTL
UTL
Q4 25
$1.2B
$609.6M
Q3 25
$1.0B
$597.2M
Q2 25
$714.8M
$532.8M
Q1 25
$646.9M
$534.1M
Q4 24
$691.2M
$512.5M
Q3 24
$668.5M
$502.4M
Q2 24
$665.5M
$508.8M
Q1 24
$703.7M
$510.8M
Total Assets
INVA
INVA
UTL
UTL
Q4 25
$1.6B
$2.1B
Q3 25
$1.4B
$1.9B
Q2 25
$1.3B
$1.9B
Q1 25
$1.3B
$1.9B
Q4 24
$1.3B
$1.8B
Q3 24
$1.2B
$1.7B
Q2 24
$1.2B
$1.7B
Q1 24
$1.3B
$1.7B
Debt / Equity
INVA
INVA
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
INVA
INVA
UTL
UTL
Operating Cash FlowLast quarter
$54.5M
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
0.33×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVA
INVA
UTL
UTL
Q4 25
$54.5M
$21.4M
Q3 25
$49.7M
$15.6M
Q2 25
$44.1M
$42.2M
Q1 25
$48.6M
$52.1M
Q4 24
$59.2M
$23.3M
Q3 24
$48.7M
$26.1M
Q2 24
$43.7M
$49.9M
Q1 24
$37.0M
$26.6M
Free Cash Flow
INVA
INVA
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$19.5M
Q4 24
$-32.3M
Q3 24
$48.4M
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
INVA
INVA
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
11.4%
Q4 24
-25.3%
Q3 24
54.1%
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
INVA
INVA
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
19.1%
Q4 24
0.0%
43.6%
Q3 24
0.3%
61.8%
Q2 24
0.0%
38.3%
Q1 24
0.0%
11.3%
Cash Conversion
INVA
INVA
UTL
UTL
Q4 25
0.33×
1.13×
Q3 25
0.55×
Q2 25
0.69×
10.55×
Q1 25
1.89×
Q4 24
2.91×
1.49×
Q3 24
40.14×
Q2 24
11.60×
Q1 24
1.01×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

UTL
UTL

Segment breakdown not available.

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