NASDAQ : UNIT
Uniti Group Inc. — Financial statements
Real Estate · REIT - Specialty · United States
Last price 5.06 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.23B
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Financial statements
Uniti Group Inc. (UNIT) reported revenue of 3.54B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.54B | 2.23B | 1.17B | 1.15B | 1.13B | 1.10B |
| Cost of Revenue | 1.45B | 742.60M | 140.30M | 144.30M | 143.13M | 146.87M |
| Gross Profit | 2.09B | 1.49B | 1.03B | 1.01B | 985.72M | 953.65M |
| Selling, General & Admin | 642.40M | 351.50M | 103.40M | 100.50M | 100.99M | 101.18M |
| Operating Expenses | 1.75B | 1.02B | 418.30M | 411.00M | 393.78M | 392.12M |
| Operating Income | 344.60M | 473.80M | 608.30M | 594.50M | 591.94M | 561.53M |
| Interest Expense | -733.60M | -602.80M | -511.40M | -501.80M | -387.59M | -397.02M |
| Earnings From Equity Investments | 2.70M | 2.37M | 2.10M | |||
| Other Non Operating Income (Expenses) | 6.50M | -7.30M | -6.10M | -2.80M | -10.99M | -26.10M |
| EBT Excluding Unusual Items | -382.50M | -136.30M | 90.80M | 92.60M | 195.73M | 140.52M |
| Merger & Restructuring Charges | -208.00M | -196.40M | -32.30M | -10.20M | ||
| Impairment of Goodwill | -204.00M | -240.50M | ||||
| Gain (Loss) on Sale of Investments | 2.60M | 7.92M | ||||
| Gain (Loss) on Sale of Assets | 19.00M | 609.00K | 28.59M | |||
| Other Unusual Items | 1.54B | 1.50B | -1.60M | -31.20M | 10.75M | -49.28M |
| Pretax Income | 952.10M | 1.17B | 75.90M | -150.20M | -25.49M | 119.83M |
| Income Tax Expense | -124.90M | -136.50M | -17.50M | -68.50M | -17.36M | -4.92M |
| Earnings From Continuing Operations | 1.08B | 1.30B | 93.40M | -81.70M | -8.12M | 124.75M |
| Minority Interest in Earnings | -153.00K | -1.08M | ||||
| Net Income | 1.08B | 1.30B | 93.40M | -81.70M | -8.28M | 123.66M |
| Preferred Dividends & Other Adjustments | 86.90M | 56.00M | 2.10M | 1.20M | 1.16M | 1.09M |
| Net Income to Common | 990.10M | 1.25B | 91.30M | -82.90M | -9.43M | 122.57M |
| Shares Outstanding (Basic) | 243.40M | 189.00M | 143.10M | 142.50M | 142.02M | 140.41M |
| Shares Outstanding (Diluted) | 320.90M | 266.50M | 143.10M | 142.50M | 142.02M | 159.21M |
| EPS (Basic) | 4.07 | 6.61 | 0.64 | -0.58 | -0.07 | 0.87 |
| EPS (Diluted) | 3.24 | 4.87 | 0.64 | -0.58 | -0.07 | 0.84 |
| Free Cash Flow | -834.80M | -437.60M | 11.80M | -63.80M | 32.55M | 113.30M |
| Free Cash Flow Per Share | -2.60 | -1.64 | 0.08 | -0.45 | 0.23 | 0.71 |
| Dividend Per Share | 0.50 | 1.00 | 1.00 | 1.00 | ||
| Gross Margin | 59.09% | 66.77% | 87.98% | 87.45% | 87.32% | 86.66% |
| Operating Margin | 9.74% | 21.20% | 52.13% | 51.70% | 52.44% | 51.02% |
| Profit Margin | 27.99% | 55.88% | 7.82% | -7.21% | -0.83% | 11.14% |
| Free Cash Flow Margin | -23.60% | -19.58% | 1.01% | -5.55% | 2.88% | 10.29% |
| EBITDA | 1.44B | 1.13B | 912.50M | 894.30M | 884.72M | 852.48M |
| EBITDA Margin | 40.73% | 50.72% | 78.20% | 77.78% | 78.37% | 77.46% |
| D&A For EBITDA | 1.10B | 659.60M | 304.20M | 299.80M | 292.79M | 290.94M |
| EBIT | 344.60M | 473.80M | 608.30M | 594.50M | 591.94M | 561.53M |
| EBIT Margin | 9.74% | 21.20% | 52.13% | 51.70% | 52.44% | 51.02% |
| Revenue as Reported | 3.54B | 2.23B | 1.17B | 1.15B | 1.13B | 1.10B |
| Advertising Expenses | 25.20M | 1.60M | 1.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 608.90M | 53.50M | 155.60M | 62.26M | 43.80M | 58.90M |
| Trading Asset Securities | 2.50M | 300.00K | 100.00K | |||
| Cash & Short-Term Investments | 611.40M | 53.80M | 155.70M | 62.26M | 43.80M | 58.90M |
| Accounts Receivable | 417.90M | 393.80M | 51.50M | 137.35M | 111.23M | 79.78M |
| Other Receivables | 108.10M | |||||
| Receivables | 417.90M | 501.90M | 51.50M | 137.35M | 111.23M | 79.78M |
| Inventory | 34.00M | 44.00M | ||||
| Prepaid Expenses | 154.50M | 137.60M | 16.20M | |||
| Restricted Cash | 123.80M | 80.60M | 28.20M | |||
| Other Current Assets | 143.90M | 13.10M | 18.00M | 28.61M | ||
| Total Current Assets | 1.49B | 831.00M | 269.60M | 228.22M | 155.03M | 138.68M |
| Property, Plant & Equipment | 9.06B | 8.66B | 4.34B | 4.11B | 3.84B | 3.59B |
| Long-Term Investments | 4.40M | 38.66M | 64.22M | |||
| Goodwill | 1.16B | 1.16B | 157.40M | 157.38M | 361.38M | 601.88M |
| Other Intangible Assets | 1.14B | 1.29B | 275.40M | 305.12M | 334.85M | 364.63M |
| Long-Term Accounts Receivable | 26.70M | 26.90M | ||||
| Long-Term Deferred Tax Assets | 128.00M | 109.13M | 40.63M | 11.72M | ||
| Long-Term Deferred Charges | 59.40M | 23.10M | 6.80M | |||
| Other Long-Term Assets | 45.00M | 45.60M | 108.40M | 118.12M | 77.60M | 38.90M |
| Total Assets | 12.98B | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B |
| Accounts Payable | 177.70M | 171.50M | 13.60M | 119.34M | 122.19M | 86.87M |
| Accrued Expenses | 148.40M | 138.80M | 143.90M | 133.68M | 121.32M | 109.83M |
| Current Portion of Long-Term Debt | 10.50M | 11.70M | -427.00K | |||
| Current Portion of Leases | 117.40M | 129.00M | 15.40M | |||
| Current Income Taxes Payable | 65.80M | 51.80M | 7.10M | |||
| Current Unearned Revenue | 256.30M | 239.80M | 84.50M | |||
| Other Current Liabilities | 439.30M | 381.30M | 116.20M | 36.49M | 2.00K | 1.26M |
| Total Current Liabilities | 1.22B | 1.12B | 380.70M | 289.09M | 243.51M | 197.96M |
| Long-Term Debt | 10.64B | 9.53B | 5.78B | 5.52B | 5.19B | 5.10B |
| Long-Term Leases | 329.10M | 411.20M | 82.30M | 102.51M | 81.88M | 72.70M |
| Long-Term Unearned Revenue | 390.00M | 368.70M | 1.32B | 1.27B | 1.19B | 1.13B |
| Long-Term Deferred Tax Liabilities | 17.10M | 17.70M | ||||
| Other Long-Term Liabilities | 229.80M | 199.90M | 170.90M | 319.98M | 418.19M | 417.17M |
| Total Liabilities | 12.82B | 11.66B | 7.73B | 7.51B | 7.12B | 6.92B |
| Common Stock | 24.00K | 24.00K | 23.00K | |||
| Additional Paid-In Capital | 2.82B | 2.79B | 1.24B | 1.22B | 1.21B | 1.21B |
| Retained Earnings | -2.67B | -2.41B | -3.69B | -3.71B | -3.48B | -3.33B |
| Comprehensive Income & Other | 10.80M | -1.90M | -600.00K | -9.16M | ||
| Total Common Equity | 161.50M | 380.30M | -2.45B | -2.49B | -2.27B | -2.13B |
| Minority Interest | 100.00K | 500.00K | 2.27M | 2.37M | 14.02M | |
| Shareholders' Equity | 161.50M | 380.40M | -2.45B | -2.48B | -2.27B | -2.11B |
| Total Liabilities & Equity | 12.98B | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B |
| Total Debt | 11.10B | 10.09B | 5.88B | 5.63B | 5.27B | 5.17B |
| Net Cash (Debt) | -10.48B | -10.03B | -5.73B | -5.56B | -5.23B | -5.11B |
| Net Cash Per Share | -32.67 | -37.65 | -40.01 | -39.04 | -36.80 | -32.13 |
| Filing Date Shares Outstanding | 242.73M | 239.07M | 147.25M | 143.94M | 143.04M | 142.48M |
| Total Common Shares Outstanding | 235.30M | 239.07M | 143.20M | 142.62M | 142.18M | 141.55M |
| Working Capital | 270.10M | -292.90M | -111.10M | -60.87M | -88.48M | -59.28M |
| Book Value Per Share | 0.69 | 1.59 | -17.13 | -17.43 | -15.99 | -15.03 |
| Tangible Book Value | -2.13B | -2.07B | -2.89B | -2.95B | -2.97B | -3.09B |
| Tangible Book Value Per Share | -9.07 | -8.66 | -20.15 | -20.68 | -20.89 | -21.86 |
| Land | 65.40M | 30.60M | 30.10M | 28.84M | 28.45M | |
| Buildings | 537.10M | 374.70M | 366.49M | 363.08M | 359.98M | |
| Machinery | 1.90B | 508.80M | 460.46M | 399.47M | 331.76M | |
| Construction In Progress | 597.40M | 36.80M | 49.77M | 46.51M | 27.37M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.08B | 1.30B | 93.40M | -81.70M | -8.28M | 123.66M |
| Depreciation & Amortization | 1.09B | 659.60M | 304.20M | 299.80M | 292.79M | 290.94M |
| Other Amortization | 8.90M | 14.30M | 22.70M | 18.50M | 18.15M | 18.12M |
| Loss (Gain) From Sale of Assets | -19.00M | 289.00K | -28.80M | |||
| Asset Writedown & Restructuring Costs | 204.00M | 240.50M | ||||
| Loss (Gain) From Sale of Investments | -7.92M | |||||
| Loss (Gain) on Equity Investments | 1.60M | 1.82M | ||||
| Stock-Based Compensation | 31.30M | 23.50M | 13.50M | 12.50M | 12.75M | 13.85M |
| Provision & Write-off of Bad Debts | 45.30M | 15.90M | 1.10M | 1.20M | ||
| Other Operating Activities | -1.66B | -1.64B | -31.50M | -57.50M | -69.96M | 13.11M |
| Change in Accounts Receivable | -77.40M | -8.50M | -6.20M | -4.90M | -4.18M | 24.50M |
| Change in Inventory | -26.40M | -41.50M | ||||
| Change in Accounts Payable | 41.80M | 32.70M | 7.80M | 200.00K | -30.77M | 27.80M |
| Change in Unearned Revenue | 99.80M | 43.90M | -29.20M | -46.60M | ||
| Change in Income Taxes | 14.70M | 4.90M | 1.20M | 1.40M | ||
| Change in Other Net Operating Assets | -140.00M | -54.60M | 8.60M | 6.30M | 15.15M | 14.16M |
| Operating Cash Flow | 506.00M | 350.20M | 366.60M | 353.20M | 460.12M | 499.16M |
| Capital Expenditures | -1.34B | -787.80M | -354.80M | -417.00M | -427.57M | -385.86M |
| Sale of Property, Plant & Equipment | 13.50M | 10.60M | 42.60M | 5.70M | 1.81M | 1.49M |
| Cash Acquisitions | -229.50M | -229.50M | ||||
| Divestitures | 541.00K | 62.11M | ||||
| Sale (Purchase) of Real Estate | 665.00K | 1.03M | ||||
| Investment in Securities | 40.00M | 32.53M | ||||
| Other Investing Activities | -27.90M | -5.00M | ||||
| Investing Cash Flow | -1.58B | -1.01B | -272.20M | -411.30M | -392.02M | -321.22M |
| Long-Term Debt Issued | 4.72B | 714.00M | 3.11B | 486.50M | 2.69B | |
| Total Debt Issued | 5.56B | 4.72B | 714.00M | 3.11B | 486.50M | 2.69B |
| Long-Term Debt Repaid | -3.78B | -460.90M | -2.75B | -387.24M | -2.48B | |
| Total Debt Repaid | -3.77B | -3.78B | -460.90M | -2.75B | -387.24M | -2.48B |
| Net Debt Issued (Repaid) | 1.79B | 934.00M | 253.10M | 356.30M | 99.26M | 207.98M |
| Issuance of Common Stock | 589.00K | 672.00K | ||||
| Repurchase of Common Stock | -4.91M | -4.10M | ||||
| Common Dividends Paid | -108.50M | -107.40M | ||||
| Dividends Paid | -16.70M | -108.50M | -107.40M | -142.95M | -141.37M | |
| Other Financing Activities | -258.10M | -322.20M | -117.50M | -172.30M | -35.19M | -259.75M |
| Financing Cash Flow | 1.51B | 611.80M | 27.10M | 76.60M | -83.20M | -196.57M |
| Net Cash Flow | 434.10M | -49.70M | 121.50M | 18.50M | -15.10M | -18.63M |
| Free Cash Flow | -834.80M | -437.60M | 11.80M | -63.80M | 32.55M | 113.30M |
| Free Cash Flow Margin | -23.60% | -19.58% | 1.01% | -5.55% | 2.88% | 10.29% |
| Free Cash Flow Per Share | -2.60 | -1.64 | 0.08 | -0.45 | 0.23 | 0.71 |
| Levered Free Cash Flow | -244.20M | -216.43M | 174.00M | -36.98M | 37.94M | 64.99M |
| Unlevered Free Cash Flow | 205.40M | 146.03M | 470.92M | 258.14M | 262.03M | 295.01M |
| Cash Interest Paid | 768.60M | 660.70M | 478.00M | 441.50M | 335.92M | 375.58M |
| Cash Income Tax Paid | 11.80M | 5.10M | 2.60M | 1.30M | 9.44M | 1.39M |
| Change in Working Capital | -87.50M | -23.10M | -17.80M | -43.60M | -19.80M | 66.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.20B | 1.68B | 1.34B | 1.38B | 1.31B | 3.31B |
| Enterprise Value | 11.68B | 11.40B | 7.19B | 7.03B | 6.53B | 8.31B |
| Last Close Price | 5.06 | 7.01 | 9.12 | 8.89 | 7.47 | 17.68 |
| PE Ratio | 1.52 | 1.34 | 14.71 | 26.98 | ||
| Forward PE | 3.97 | 14.18 | 12.96 | 7.00 | 23.02 | |
| PS Ratio | 0.35 | 0.75 | 1.15 | 1.20 | 1.16 | 3.00 |
| PB Ratio | 7.37 | 4.41 | -0.55 | -0.56 | -0.58 | -1.56 |
| P/FCF Ratio | 113.78 | 40.30 | 29.19 | |||
| P/OCF Ratio | 2.48 | 4.79 | 3.66 | 3.91 | 2.85 | 6.63 |
| PEG Ratio | 4.78 | 4.72 | 1.76 | 0.98 | 1.25 | |
| EV/Sales Ratio | 3.32 | 5.10 | 6.16 | 6.11 | 5.79 | 7.55 |
| EV/EBITDA Ratio | 8.15 | 10.06 | 7.88 | 7.86 | 7.38 | 9.75 |
| EV/EBIT Ratio | 34.06 | 24.06 | 11.82 | 11.82 | 11.03 | 14.80 |
| EV/FCF Ratio | 609.20 | 200.66 | 73.33 | |||
| Debt / Equity Ratio | 68.70 | 26.52 | -2.40 | -2.27 | -2.32 | -2.45 |
| Debt / EBITDA Ratio | 7.19 | 8.36 | 6.36 | 6.20 | 5.89 | 6.00 |
| Debt / FCF Ratio | 498.42 | 161.94 | 45.66 | |||
| Net Debt / Equity Ratio | 64.91 | 26.38 | -2.33 | -2.24 | -2.30 | -2.42 |
| Net Debt / EBITDA Ratio | 7.28 | 8.85 | 6.28 | 6.22 | 5.91 | 6.00 |
| Net Debt / FCF Ratio | -12.56 | -22.93 | 485.22 | -87.21 | 160.59 | 45.14 |
| Asset Turnover | 0.38 | 0.26 | 0.23 | 0.23 | 0.23 | 0.23 |
| Quick Ratio | 0.85 | 0.49 | 0.54 | 0.69 | 0.64 | 0.70 |
| Current Ratio | 1.22 | 0.74 | 0.71 | 0.79 | 0.64 | 0.70 |
| Return on Assets (ROA) | 2.33% | 3.42% | 7.38% | 7.52% | 7.66% | 7.36% |
| Return on Invested Capital (ROIC) | 3.27% | 6.19% | 12.62% | 12.72% | 12.84% | 12.37% |
| Return on Capital Employed (ROCE) | 2.90% | 4.30% | 12.40% | 12.60% | 12.80% | 12.20% |
| Earnings Yield | 65.57% | 77.86% | 6.96% | -5.92% | -0.63% | 3.74% |
| FCF Yield | -66.65% | -26.11% | 0.88% | -4.62% | 2.48% | 3.43% |
| Dividend Yield | 5.33% | 10.34% | 10.79% | 4.26% | ||
| Payout Ratio | 116.17% | 114.32% | ||||
| Buyback Yield / Dilution | -123.67% | -86.23% | -0.42% | -0.34% | 10.80% | -29.70% |
| Total Shareholder Return | -123.67% | -86.23% | 4.91% | 10.00% | 21.58% | -25.45% |