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Side-by-side financial comparison of Tarsus Pharmaceuticals, Inc. (TARS) 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 $151.7M, roughly 1.1× Tarsus Pharmaceuticals, Inc.). UNITIL CORP runs the higher net margin — 11.8% vs -5.5%, a 17.3% gap on every dollar of revenue. On growth, Tarsus Pharmaceuticals, Inc. posted the faster year-over-year revenue change (128.4% vs 26.7%). Tarsus Pharmaceuticals, Inc. produced more free cash flow last quarter ($13.0M vs $-36.3M). Over the past eight quarters, Tarsus Pharmaceuticals, Inc.'s revenue compounded faster (134.4% CAGR vs -4.9%).

Tarsus Pharmaceuticals, Inc. is a late-stage clinical biopharmaceutical company focused on developing and commercializing innovative therapeutic candidates for unmet medical needs in ophthalmology, dermatology, and other specialty care areas. It operates primarily in the United States, with lead product candidates targeting common, underdiagnosed conditions including demodex blepharitis and rosacea.

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...

TARS vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.1× larger
UTL
$161.5M
$151.7M
TARS
Growing faster (revenue YoY)
TARS
TARS
+101.7% gap
TARS
128.4%
26.7%
UTL
Higher net margin
UTL
UTL
17.3% more per $
UTL
11.8%
-5.5%
TARS
More free cash flow
TARS
TARS
$49.3M more FCF
TARS
$13.0M
$-36.3M
UTL
Faster 2-yr revenue CAGR
TARS
TARS
Annualised
TARS
134.4%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TARS
TARS
UTL
UTL
Revenue
$151.7M
$161.5M
Net Profit
$-8.4M
$19.0M
Gross Margin
Operating Margin
-5.3%
21.5%
Net Margin
-5.5%
11.8%
Revenue YoY
128.4%
26.7%
Net Profit YoY
63.8%
21.8%
EPS (diluted)
$-0.17
$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
TARS
TARS
UTL
UTL
Q4 25
$151.7M
$161.5M
Q3 25
$118.7M
$101.1M
Q2 25
$102.7M
$102.6M
Q1 25
$78.3M
$170.8M
Q4 24
$66.4M
$127.5M
Q3 24
$48.1M
$92.9M
Q2 24
$40.8M
$95.7M
Q1 24
$27.6M
$178.7M
Net Profit
TARS
TARS
UTL
UTL
Q4 25
$-8.4M
$19.0M
Q3 25
$-12.6M
$-300.0K
Q2 25
$-20.3M
$4.0M
Q1 25
$-25.1M
$27.5M
Q4 24
$-23.1M
$15.6M
Q3 24
$-23.4M
$0
Q2 24
$-33.3M
$4.3M
Q1 24
$-35.7M
$27.2M
Operating Margin
TARS
TARS
UTL
UTL
Q4 25
-5.3%
21.5%
Q3 25
-12.2%
6.9%
Q2 25
-21.6%
13.0%
Q1 25
-33.5%
27.0%
Q4 24
-36.8%
22.1%
Q3 24
-52.3%
6.2%
Q2 24
-81.6%
13.0%
Q1 24
-136.5%
24.7%
Net Margin
TARS
TARS
UTL
UTL
Q4 25
-5.5%
11.8%
Q3 25
-10.6%
-0.3%
Q2 25
-19.8%
3.9%
Q1 25
-32.1%
16.1%
Q4 24
-34.8%
12.2%
Q3 24
-48.7%
Q2 24
-81.6%
4.5%
Q1 24
-129.4%
15.2%
EPS (diluted)
TARS
TARS
UTL
UTL
Q4 25
$-0.17
$1.05
Q3 25
$-0.30
$-0.02
Q2 25
$-0.48
$0.25
Q1 25
$-0.64
$1.69
Q4 24
$-0.57
$0.97
Q3 24
$-0.61
$0.00
Q2 24
$-0.88
$0.27
Q1 24
$-1.01
$1.69

Balance Sheet & Financial Strength

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

Metric
TARS
TARS
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$417.3M
$15.6M
Total DebtLower is stronger
$72.4M
$670.5M
Stockholders' EquityBook value
$343.4M
$609.6M
Total Assets
$562.2M
$2.1B
Debt / EquityLower = less leverage
0.21×
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TARS
TARS
UTL
UTL
Q4 25
$417.3M
$15.6M
Q3 25
$401.8M
$14.6M
Q2 25
$381.1M
$8.5M
Q1 25
$407.9M
$10.2M
Q4 24
$291.4M
$6.3M
Q3 24
$317.0M
$6.3M
Q2 24
$323.6M
$2.8M
Q1 24
$298.5M
$6.3M
Total Debt
TARS
TARS
UTL
UTL
Q4 25
$72.4M
$670.5M
Q3 25
$72.3M
$670.5M
Q2 25
$72.1M
$640.7M
Q1 25
$72.0M
$642.1M
Q4 24
$71.8M
$643.3M
Q3 24
$71.7M
$643.3M
Q2 24
$71.6M
$511.3M
Q1 24
$29.9M
$512.8M
Stockholders' Equity
TARS
TARS
UTL
UTL
Q4 25
$343.4M
$609.6M
Q3 25
$335.1M
$597.2M
Q2 25
$332.6M
$532.8M
Q1 25
$342.5M
$534.1M
Q4 24
$224.5M
$512.5M
Q3 24
$237.5M
$502.4M
Q2 24
$252.2M
$508.8M
Q1 24
$275.2M
$510.8M
Total Assets
TARS
TARS
UTL
UTL
Q4 25
$562.2M
$2.1B
Q3 25
$534.6M
$1.9B
Q2 25
$495.0M
$1.9B
Q1 25
$500.8M
$1.9B
Q4 24
$377.0M
$1.8B
Q3 24
$376.3M
$1.7B
Q2 24
$376.8M
$1.7B
Q1 24
$349.3M
$1.7B
Debt / Equity
TARS
TARS
UTL
UTL
Q4 25
0.21×
1.10×
Q3 25
0.22×
1.12×
Q2 25
0.22×
1.20×
Q1 25
0.21×
1.20×
Q4 24
0.32×
1.26×
Q3 24
0.30×
1.28×
Q2 24
0.28×
1.00×
Q1 24
0.11×
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
TARS
TARS
UTL
UTL
Operating Cash FlowLast quarter
$19.3M
$21.4M
Free Cash FlowOCF − Capex
$13.0M
$-36.3M
FCF MarginFCF / Revenue
8.6%
-22.5%
Capex IntensityCapex / Revenue
4.2%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-22.3M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TARS
TARS
UTL
UTL
Q4 25
$19.3M
$21.4M
Q3 25
$18.3M
$15.6M
Q2 25
$-29.4M
$42.2M
Q1 25
$-20.7M
$52.1M
Q4 24
$-22.2M
$23.3M
Q3 24
$-8.7M
$26.1M
Q2 24
$-14.4M
$49.9M
Q1 24
$-37.8M
$26.6M
Free Cash Flow
TARS
TARS
UTL
UTL
Q4 25
$13.0M
$-36.3M
Q3 25
$16.3M
$-39.0M
Q2 25
$-30.4M
$2.0M
Q1 25
$-21.2M
$19.5M
Q4 24
$-22.3M
$-32.3M
Q3 24
$-8.9M
$-31.3M
Q2 24
$-15.4M
$13.2M
Q1 24
$-38.0M
$6.4M
FCF Margin
TARS
TARS
UTL
UTL
Q4 25
8.6%
-22.5%
Q3 25
13.8%
-38.6%
Q2 25
-29.6%
1.9%
Q1 25
-27.1%
11.4%
Q4 24
-33.5%
-25.3%
Q3 24
-18.6%
-33.7%
Q2 24
-37.8%
13.8%
Q1 24
-137.5%
3.6%
Capex Intensity
TARS
TARS
UTL
UTL
Q4 25
4.2%
35.7%
Q3 25
1.6%
54.0%
Q2 25
1.0%
39.2%
Q1 25
0.8%
19.1%
Q4 24
0.1%
43.6%
Q3 24
0.6%
61.8%
Q2 24
2.5%
38.3%
Q1 24
0.6%
11.3%
Cash Conversion
TARS
TARS
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.

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