NYSE : UTI
Universal Technical Institute, Inc. — Financial statements
Consumer Staples · Education & Training Services · United States
Last price 22.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.25B
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Financial statements
Universal Technical Institute, Inc. (UTI) reported revenue of 883.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 883.60M | 835.62M | 732.69M | 607.41M | 418.76M | 335.08M |
| Cost of Revenue | 397.17M | 364.53M | 332.07M | 329.87M | 207.23M | 166.82M |
| Gross Profit | 486.43M | 471.09M | 400.62M | 277.54M | 211.53M | 168.26M |
| Selling, General & Admin | 441.03M | 387.57M | 341.54M | 253.84M | 183.26M | 152.52M |
| Operating Expenses | 441.03M | 387.57M | 341.54M | 253.84M | 183.26M | 152.52M |
| Operating Income | 45.40M | 83.51M | 59.08M | 23.70M | 28.27M | 15.75M |
| Interest Expense | -3.89M | -5.63M | -9.47M | -9.66M | -2.00M | -365.00K |
| Interest & Investment Income | 4.71M | 6.17M | 6.31M | 5.86M | 507.00K | 83.00K |
| Other Non Operating Income (Expenses) | 172.00K | 265.00K | 496.00K | 483.00K | -438.00K | 518.00K |
| EBT Excluding Unusual Items | 46.40M | 84.32M | 56.41M | 20.39M | 26.34M | 15.98M |
| Merger & Restructuring Charges | -1.14M | -43.00K | -185.00K | -2.30M | -3.90M | -800.00K |
| Asset Writedown | -2.00M | |||||
| Pretax Income | 45.25M | 84.27M | 56.23M | 18.09M | 20.44M | 15.18M |
| Income Tax Expense | 10.96M | 21.26M | 14.23M | 5.76M | -5.41M | 602.00K |
| Net Income | 34.30M | 63.02M | 42.00M | 12.32M | 25.85M | 14.58M |
| Preferred Dividends & Other Adjustments | 3.95M | 7.78M | 13.01M | 8.90M | ||
| Net Income to Common | 34.30M | 63.02M | 38.05M | 4.54M | 12.84M | 5.68M |
| Shares Outstanding (Basic) | 54.77M | 54.30M | 49.43M | 33.98M | 33.22M | 32.77M |
| Shares Outstanding (Diluted) | 55.85M | 55.62M | 50.85M | 34.48M | 33.74M | 33.12M |
| EPS (Basic) | 0.63 | 1.16 | 0.77 | 0.13 | 0.39 | 0.17 |
| EPS (Diluted) | 0.61 | 1.13 | 0.75 | 0.13 | 0.38 | 0.17 |
| Free Cash Flow | -22.87M | 55.35M | 61.60M | -7.54M | -33.42M | -6.12M |
| Free Cash Flow Per Share | -0.41 | 0.99 | 1.21 | -0.22 | -0.99 | -0.18 |
| Gross Margin | 55.05% | 56.38% | 54.68% | 45.69% | 50.51% | 50.22% |
| Operating Margin | 5.14% | 9.99% | 8.06% | 3.90% | 6.75% | 4.70% |
| Profit Margin | 3.88% | 7.54% | 5.19% | 0.75% | 3.07% | 1.70% |
| Free Cash Flow Margin | -2.59% | 6.62% | 8.41% | -1.24% | -7.98% | -1.83% |
| EBITDA | 82.27M | 116.47M | 88.40M | 48.91M | 45.16M | 29.77M |
| EBITDA Margin | 9.31% | 13.94% | 12.06% | 8.05% | 10.78% | 8.89% |
| D&A For EBITDA | 36.87M | 32.96M | 29.32M | 25.21M | 16.88M | 14.03M |
| EBIT | 45.40M | 83.51M | 59.08M | 23.70M | 28.27M | 15.75M |
| EBIT Margin | 5.14% | 9.99% | 8.06% | 3.90% | 6.75% | 4.70% |
| Effective Tax Rate | 24.21% | 25.22% | 25.30% | 31.87% | 3.96% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 130.06M | 127.36M | 161.90M | 151.55M | 66.45M | 133.72M |
| Short-Term Investments | 40.06M | 41.78M | 28.92M | |||
| Trading Asset Securities | 492.00K | 416.00K | 497.00K | 957.00K | 632.00K | 194.00K |
| Cash & Short-Term Investments | 170.61M | 169.56M | 162.40M | 152.50M | 96.00M | 133.91M |
| Accounts Receivable | 49.82M | 40.38M | 24.91M | 20.56M | 13.30M | 13.48M |
| Other Receivables | 5.70M | 6.18M | 4.60M | 3.15M | 3.67M | |
| Receivables | 56.53M | 52.67M | 37.30M | 31.15M | 22.09M | 22.69M |
| Prepaid Expenses | 17.46M | 12.53M | 11.95M | 9.41M | 6.14M | 6.66M |
| Restricted Cash | 5.87M | 6.77M | 5.57M | 5.38M | 3.54M | 12.26M |
| Other Current Assets | 7.61M | 5.10M | 4.74M | 6.54M | 8.18M | 7.87M |
| Total Current Assets | 258.08M | 246.63M | 221.95M | 204.99M | 135.95M | 183.39M |
| Property, Plant & Equipment | 520.77M | 464.71M | 423.57M | 443.00M | 346.33M | 281.13M |
| Long-Term Investments | 633.00K | 4.78M | 726.00K | 2.08M | 2.07M | 4.71M |
| Goodwill | 28.46M | 28.46M | 28.46M | 28.46M | 16.86M | 8.22M |
| Other Intangible Assets | 25.54M | 17.35M | 18.23M | 18.98M | 14.21M | 124.00K |
| Long-Term Deferred Tax Assets | 2.32M | 4.28M | 3.56M | 3.77M | 3.37M | |
| Other Long-Term Assets | 16.62M | 18.81M | 11.80M | 8.75M | 3.89M | 4.41M |
| Total Assets | 897.86M | 826.14M | 744.58M | 740.68M | 552.91M | 512.57M |
| Accounts Payable | 31.43M | 39.12M | 26.27M | 14.44M | 21.75M | 13.70M |
| Accrued Expenses | 74.34M | 65.53M | 57.59M | 55.50M | 44.93M | 43.99M |
| Current Portion of Long-Term Debt | 1.89M | 1.84M | 1.76M | 1.67M | 1.09M | 803.00K |
| Current Portion of Leases | 15.92M | 18.00M | 23.14M | 23.32M | 12.98M | 14.15M |
| Current Unearned Revenue | 70.72M | 91.53M | 92.54M | 85.74M | 54.22M | 57.65M |
| Other Current Liabilities | 4.00M | 13.67M | 3.65M | 4.02M | 2.75M | 2.43M |
| Total Current Liabilities | 198.29M | 229.67M | 204.96M | 184.70M | 137.72M | 132.72M |
| Long-Term Debt | 155.07M | 81.43M | 119.17M | 154.84M | 66.42M | 29.83M |
| Long-Term Leases | 186.59M | 177.64M | 150.66M | 169.78M | 129.30M | 153.25M |
| Long-Term Deferred Tax Liabilities | 4.14M | 4.14M | 4.70M | 663.00K | 674.00K | |
| Other Long-Term Liabilities | 9.45M | 5.14M | 4.85M | 4.73M | 4.07M | 7.57M |
| Total Liabilities | 553.56M | 498.03M | 484.34M | 514.72M | 337.51M | 324.04M |
| Common Stock | 6.00K | 5.00K | 5.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 226.73M | 226.03M | 220.98M | 151.44M | 148.37M | 142.31M |
| Retained Earnings | 117.07M | 101.53M | 38.51M | 5.95M | -1.31M | -22.00M |
| Treasury Stock | -365.00K | -365.00K | -365.00K | -365.00K | -365.00K | -365.00K |
| Comprehensive Income & Other | 872.00K | 912.00K | 1.11M | 2.46M | 2.21M | -279.00K |
| Total Common Equity | 344.31M | 328.11M | 260.23M | 159.49M | 148.92M | 119.68M |
| Shareholders' Equity | 344.31M | 328.11M | 260.23M | 225.97M | 215.40M | 188.53M |
| Total Liabilities & Equity | 897.86M | 826.14M | 744.58M | 740.68M | 552.91M | 512.57M |
| Total Debt | 359.47M | 278.90M | 294.75M | 349.62M | 209.80M | 198.03M |
| Net Cash (Debt) | -188.86M | -109.34M | -132.35M | -197.12M | -113.80M | -64.11M |
| Net Cash Per Share | -3.38 | -1.97 | -2.60 | -5.72 | -3.37 | -1.94 |
| Filing Date Shares Outstanding | 55.10M | 54.43M | 54.03M | 34.07M | 33.77M | 32.83M |
| Total Common Shares Outstanding | 55.09M | 54.43M | 53.82M | 34.08M | 33.77M | 32.83M |
| Working Capital | 59.79M | 16.96M | 16.99M | 20.29M | -1.77M | 50.67M |
| Book Value Per Share | 6.25 | 6.03 | 4.84 | 4.68 | 4.41 | 3.65 |
| Tangible Book Value | 290.31M | 282.30M | 213.54M | 112.05M | 117.84M | 111.33M |
| Tangible Book Value Per Share | 5.27 | 5.19 | 3.97 | 3.29 | 3.49 | 3.39 |
| Land | 25.60M | 25.60M | 25.60M | 25.60M | 16.60M | 8.36M |
| Buildings | 170.81M | 167.98M | 165.67M | 160.92M | 126.24M | 71.04M |
| Machinery | 164.01M | 140.08M | 157.17M | 148.95M | 130.26M | 124.34M |
| Construction In Progress | 46.63M | 32.73M | 6.31M | 9.06M | 16.36M | 10.17M |
| Leasehold Improvements | 133.16M | 101.00M | 94.47M | 87.53M | 86.75M | 63.50M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 34.30M | 63.02M | 42.00M | 12.32M | 25.85M | 14.58M |
| Depreciation & Amortization | 62.86M | 56.78M | 51.19M | 45.82M | 32.78M | 29.63M |
| Loss (Gain) From Sale of Assets | 1.67M | 2.30M | 431.00K | 276.00K | 663.00K | -13.00K |
| Asset Writedown & Restructuring Costs | 2.00M | |||||
| Loss (Gain) From Sale of Investments | 19.00K | -194.00K | -1.36M | 250.00K | 2.49M | -279.00K |
| Stock-Based Compensation | 12.18M | 9.15M | 8.56M | 3.85M | 4.34M | 1.73M |
| Provision & Write-off of Bad Debts | 29.48M | 22.14M | 7.55M | 3.32M | 2.51M | 1.72M |
| Other Operating Activities | 290.00K | -1.73M | 5.81M | 6.01M | -5.83M | 364.00K |
| Change in Accounts Receivable | -43.29M | -38.71M | -12.12M | -4.19M | 564.00K | 8.48M |
| Change in Accounts Payable | 9.08M | 11.16M | 13.20M | -5.72M | 7.12M | 3.81M |
| Change in Unearned Revenue | 3.68M | -1.01M | 6.80M | 11.37M | -5.27M | 16.95M |
| Change in Income Taxes | 695.00K | 11.36M | -2.07M | -908.00K | 222.00K | 7.14M |
| Change in Other Net Operating Assets | -36.44M | -36.95M | -34.09M | -23.25M | -21.39M | -28.95M |
| Operating Cash Flow | 74.51M | 97.33M | 85.89M | 49.15M | 46.03M | 55.19M |
| Capital Expenditures | -97.38M | -41.98M | -24.30M | -56.69M | -79.45M | -61.31M |
| Cash Acquisitions | -16.38M | -26.51M | ||||
| Sale (Purchase) of Intangibles | -4.50M | |||||
| Investment in Securities | 12.32M | -46.07M | 29.00M | -28.63M | 37.93M | |
| Other Investing Activities | 206.00K | 169.00K | 296.00K | 427.00K | ||
| Investing Cash Flow | -89.34M | -87.88M | -24.00M | -44.07M | -134.60M | -22.95M |
| Long-Term Debt Issued | 26.00M | 41.00M | 90.00M | 38.00M | 31.15M | |
| Long-Term Debt Repaid | -64.70M | -77.52M | -1.79M | -19.23M | -383.00K | |
| Net Debt Issued (Repaid) | 86.18M | -38.70M | -36.52M | 88.21M | 18.77M | 30.77M |
| Issuance of Common Stock | 659.00K | |||||
| Repurchase of Common Stock | -8.81M | -4.75M | -2.23M | -781.00K | -651.00K | -421.00K |
| Preferred Dividends Paid | -1.10M | -5.07M | -5.16M | -5.25M | ||
| Dividends Paid | -1.10M | -5.07M | -5.16M | -5.25M | ||
| Other Financing Activities | -516.00K | -378.00K | -272.00K | |||
| Financing Cash Flow | 77.37M | -42.79M | -51.34M | 81.85M | 12.59M | 24.82M |
| Net Cash Flow | 62.53M | -33.34M | 10.55M | 86.93M | -75.98M | 57.06M |
| Free Cash Flow | -22.87M | 55.35M | 61.60M | -7.54M | -33.42M | -6.12M |
| Free Cash Flow Margin | -2.59% | 6.62% | 8.41% | -1.24% | -7.98% | -1.83% |
| Free Cash Flow Per Share | -0.41 | 0.99 | 1.21 | -0.22 | -0.99 | -0.18 |
| Levered Free Cash Flow | -4.49M | 84.90M | 79.73M | 25.28M | -10.43M | 15.51M |
| Unlevered Free Cash Flow | -2.06M | 88.42M | 85.65M | 31.32M | -9.18M | 15.74M |
| Cash Interest Paid | 4.04M | 5.91M | 10.39M | 9.07M | 1.94M | 349.00K |
| Cash Income Tax Paid | 14.20M | 11.26M | 10.68M | 658.00K | 859.00K | -6.71M |
| Change in Working Capital | -66.28M | -54.15M | -28.28M | -22.70M | -18.76M | 7.45M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.24B | 1.77B | 874.98M | 285.50M | 183.70M | 221.90M |
| Enterprise Value | 1.43B | 1.91B | 1.07B | 595.41M | 396.99M | 378.14M |
| Last Close Price | 22.64 | 32.55 | 16.26 | 8.38 | 5.44 | 6.76 |
| PE Ratio | 36.88 | 28.11 | 23.00 | 62.87 | 14.30 | 39.04 |
| Forward PE | 32.95 | 36.20 | 18.35 | 24.65 | 18.60 | 11.88 |
| PS Ratio | 1.41 | 2.12 | 1.19 | 0.47 | 0.44 | 0.66 |
| PB Ratio | 3.62 | 5.40 | 3.36 | 1.26 | 0.85 | 1.18 |
| P/TBV Ratio | 4.30 | 6.28 | 4.10 | 2.55 | 1.56 | 1.99 |
| P/FCF Ratio | 32.00 | 14.21 | ||||
| P/OCF Ratio | 16.74 | 18.20 | 10.19 | 5.81 | 3.99 | 4.02 |
| PEG Ratio | 2.20 | 2.43 | 1.22 | 1.64 | 1.24 | 0.79 |
| EV/Sales Ratio | 1.63 | 2.29 | 1.46 | 0.98 | 0.95 | 1.13 |
| EV/EBITDA Ratio | 17.46 | 16.43 | 12.12 | 12.17 | 8.79 | 12.70 |
| EV/EBIT Ratio | 31.63 | 22.92 | 18.14 | 25.12 | 14.04 | 24.01 |
| EV/FCF Ratio | 34.58 | 17.40 | ||||
| Debt / Equity Ratio | 1.04 | 0.85 | 1.13 | 1.55 | 0.97 | 1.05 |
| Debt / EBITDA Ratio | 2.48 | 1.62 | 2.10 | 3.04 | 2.88 | 3.56 |
| Debt / FCF Ratio | 5.04 | 4.79 | ||||
| Net Debt / Equity Ratio | 0.55 | 0.33 | 0.51 | 0.87 | 0.53 | 0.34 |
| Net Debt / EBITDA Ratio | 2.30 | 0.94 | 1.50 | 4.03 | 2.52 | 2.15 |
| Net Debt / FCF Ratio | -8.26 | 1.98 | 2.15 | -26.15 | -3.40 | -10.47 |
| Asset Turnover | 1.08 | 1.06 | 0.99 | 0.94 | 0.79 | 0.70 |
| Quick Ratio | 1.11 | 0.94 | 0.94 | 0.96 | 0.82 | 1.14 |
| Current Ratio | 1.30 | 1.07 | 1.08 | 1.11 | 0.99 | 1.38 |
| Return on Equity (ROE) | 10.54% | 21.42% | 17.28% | 5.58% | 12.80% | 7.99% |
| Return on Assets (ROA) | 3.46% | 6.65% | 4.97% | 2.29% | 3.32% | 2.06% |
| Return on Invested Capital (ROIC) | 6.70% | 15.05% | 10.82% | 4.29% | 9.72% | 6.40% |
| Return on Capital Employed (ROCE) | 6.50% | 14.00% | 10.90% | 4.30% | 6.80% | 4.10% |
| Earnings Yield | 2.71% | 3.56% | 4.80% | 4.32% | 14.07% | 6.57% |
| FCF Yield | -1.83% | 3.12% | 7.04% | -2.64% | -18.19% | -2.76% |
| Payout Ratio | 2.61% | 41.14% | 19.96% | 36.01% | ||
| Buyback Yield / Dilution | -0.28% | -9.37% | -47.48% | -2.18% | -1.87% | -10.00% |
| Total Shareholder Return | -0.28% | -9.37% | -47.48% | -2.18% | -1.87% | -10.00% |