NYSE : UTZ
Utz Brands, Inc. — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 14.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.05B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Utz Brands, Inc. (UTZ) reported revenue of 1.45B 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 | 1.45B | 1.44B | 1.41B | 1.44B | 1.41B | 1.18B |
| Cost of Revenue | 1.08B | 1.08B | 1.04B | 1.09B | 959.34M | 796.80M |
| Gross Profit | 372.20M | 358.30M | 369.10M | 350.80M | 449.06M | 383.91M |
| Selling, General & Admin | 369.30M | 348.00M | 310.10M | 314.90M | 444.40M | 375.21M |
| Operating Expenses | 369.30M | 348.00M | 310.10M | 314.90M | 444.40M | 375.21M |
| Operating Income | 2.90M | 10.30M | 59.00M | 35.90M | 4.65M | 8.70M |
| Interest Expense | -41.30M | -43.10M | -44.90M | -60.60M | -44.42M | -34.71M |
| Interest & Investment Income | 2.20M | 2.20M | 2.10M | |||
| Other Non Operating Income (Expenses) | -1.20M | 21.30M | 10.60M | 5.40M | 1.12M | 40.23M |
| EBT Excluding Unusual Items | -37.40M | -9.30M | 26.80M | -19.30M | -38.65M | 14.22M |
| Merger & Restructuring Charges | -13.80M | |||||
| Gain (Loss) on Sale of Assets | 10.30M | 9.20M | 43.90M | -7.40M | 691.00K | 1.86M |
| Other Unusual Items | -3.50M | -500.00K | -1.30M | |||
| Pretax Income | -30.60M | -600.00K | 69.40M | -39.20M | -37.96M | 16.08M |
| Income Tax Expense | 11.30M | 7.10M | 38.70M | 800.00K | -23.92M | 8.09M |
| Earnings From Continuing Operations | -41.90M | -7.70M | 30.70M | -40.00M | -14.04M | 8.00M |
| Minority Interest in Earnings | 12.90M | 8.50M | -14.80M | 15.10M | 13.65M | 12.56M |
| Net Income | -29.00M | 800.00K | 15.90M | -24.90M | -392.00K | 20.55M |
| Net Income to Common | -29.00M | 800.00K | 15.90M | -24.90M | -392.00K | 20.55M |
| Shares Outstanding (Basic) | 87.83M | 86.58M | 82.10M | 81.08M | 80.88M | 77.64M |
| Shares Outstanding (Diluted) | 87.83M | 87.77M | 85.43M | 81.08M | 80.88M | 77.64M |
| EPS (Basic) | -0.33 | 0.01 | 0.19 | -0.31 | -0.00 | 0.26 |
| EPS (Diluted) | -0.33 | 0.01 | 0.19 | -0.31 | -0.00 | 0.26 |
| Free Cash Flow | 51.10M | 9.40M | 7.60M | 20.90M | -39.77M | 16.65M |
| Free Cash Flow Per Share | 0.58 | 0.11 | 0.09 | 0.26 | -0.49 | 0.21 |
| Dividend Per Share | 0.37 | 0.25 | 0.02 | 0.23 | 0.22 | 0.20 |
| Gross Margin | 25.61% | 24.90% | 26.19% | 24.39% | 31.88% | 32.52% |
| Operating Margin | 0.20% | 0.72% | 4.19% | 2.50% | 0.33% | 0.74% |
| Profit Margin | -2.00% | 0.06% | 1.13% | -1.73% | -0.03% | 1.74% |
| Free Cash Flow Margin | 3.52% | 0.65% | 0.54% | 1.45% | -2.82% | 1.41% |
| EBITDA | 90.70M | 92.70M | 129.90M | 115.40M | 91.45M | 89.43M |
| EBITDA Margin | 6.24% | 6.44% | 9.22% | 8.02% | 6.49% | 7.57% |
| D&A For EBITDA | 87.80M | 82.40M | 70.90M | 79.50M | 86.80M | 80.72M |
| EBIT | 2.90M | 10.30M | 59.00M | 35.90M | 4.65M | 8.70M |
| EBIT Margin | 0.20% | 0.72% | 4.19% | 2.50% | 0.33% | 0.74% |
| Effective Tax Rate | 55.76% | 50.27% | ||||
| Advertising Expenses | 24.90M | 17.80M | 12.30M | 9.90M | 11.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 58.60M | 120.40M | 56.10M | 52.02M | 72.93M | 41.90M |
| Cash & Short-Term Investments | 58.60M | 120.40M | 56.10M | 52.02M | 72.93M | 41.90M |
| Accounts Receivable | 123.60M | 100.80M | 119.90M | 135.13M | 136.99M | 131.39M |
| Receivables | 127.70M | 104.80M | 124.50M | 140.37M | 146.26M | 138.09M |
| Inventory | 128.70M | 119.30M | 101.40M | 104.67M | 118.01M | 79.52M |
| Prepaid Expenses | 47.10M | 39.90M | 35.30M | 31.00M | 34.99M | 18.39M |
| Total Current Assets | 362.10M | 384.40M | 317.30M | 328.05M | 372.19M | 277.90M |
| Property, Plant & Equipment | 379.70M | 379.20M | 345.20M | 318.88M | 391.27M | 335.47M |
| Goodwill | 865.20M | 865.20M | 865.20M | 915.29M | 915.29M | 915.44M |
| Other Intangible Assets | 948.50M | 963.90M | 996.50M | 1.06B | 1.10B | 1.14B |
| Other Long-Term Assets | 210.10M | 190.10M | 189.50M | 108.68M | 49.25M | 24.30M |
| Total Assets | 2.78B | 2.79B | 2.72B | 2.75B | 2.84B | 2.72B |
| Accounts Payable | 196.70M | 197.40M | 151.00M | 124.36M | 114.36M | 95.37M |
| Accrued Expenses | 64.50M | 55.90M | 50.30M | 54.63M | 71.63M | 47.73M |
| Current Portion of Long-Term Debt | 44.60M | 35.20M | 20.20M | 25.93M | 28.22M | 25.92M |
| Current Portion of Leases | 21.30M | 21.30M | 20.10M | 17.80M | 15.23M | 9.15M |
| Current Unearned Revenue | 2.00M | |||||
| Other Current Liabilities | 13.60M | 13.40M | 41.70M | 7.97M | 7.99M | 9.85M |
| Total Current Liabilities | 340.70M | 323.20M | 285.30M | 230.69M | 237.43M | 188.02M |
| Long-Term Debt | 807.60M | 828.50M | 760.60M | 892.28M | 905.52M | 847.09M |
| Long-Term Leases | 158.90M | 144.20M | 139.90M | 51.27M | 43.49M | 31.39M |
| Pension & Post-Retirement Benefits | 6.90M | 6.60M | 6.90M | 6.56M | 6.51M | 8.12M |
| Long-Term Deferred Tax Liabilities | 128.50M | 126.60M | 123.70M | 114.69M | 124.80M | 136.33M |
| Other Long-Term Liabilities | 19.20M | 19.60M | 24.30M | 67.57M | 70.93M | 70.72M |
| Total Liabilities | 1.46B | 1.45B | 1.34B | 1.36B | 1.39B | 1.28B |
| Common Stock | 14.00K | 14.00K | 14.00K | |||
| Additional Paid-In Capital | 1.04B | 1.04B | 988.50M | 944.57M | 926.92M | 912.57M |
| Retained Earnings | -350.10M | -326.60M | -304.70M | -298.05M | -254.56M | -236.60M |
| Comprehensive Income & Other | 3.60M | 3.30M | 13.10M | 22.96M | 30.78M | 3.71M |
| Total Common Equity | 695.90M | 713.70M | 696.90M | 669.50M | 703.15M | 679.71M |
| Minority Interest | 617.80M | 631.20M | 685.30M | 714.19M | 748.54M | 754.97M |
| Shareholders' Equity | 1.31B | 1.34B | 1.38B | 1.38B | 1.45B | 1.43B |
| Total Liabilities & Equity | 2.78B | 2.79B | 2.72B | 2.75B | 2.84B | 2.72B |
| Total Debt | 1.03B | 1.03B | 940.80M | 987.28M | 992.46M | 913.55M |
| Net Cash (Debt) | -973.80M | -908.80M | -884.70M | -935.25M | -919.52M | -871.66M |
| Net Cash Per Share | -11.09 | -10.35 | -10.36 | -11.53 | -11.37 | -11.23 |
| Filing Date Shares Outstanding | 88.61M | 88.43M | 86.06M | 81.41M | 81.01M | 78.60M |
| Total Common Shares Outstanding | 88.55M | 87.51M | 83.54M | 81.19M | 80.88M | 77.64M |
| Working Capital | 21.40M | 61.20M | 32.00M | 97.37M | 134.75M | 89.88M |
| Book Value Per Share | 7.86 | 8.16 | 8.34 | 8.25 | 8.69 | 8.75 |
| Tangible Book Value | -1.12B | -1.12B | -1.16B | -1.31B | -1.31B | -1.38B |
| Tangible Book Value Per Share | -12.62 | -12.75 | -13.94 | -16.13 | -16.22 | -17.75 |
| Land | 20.70M | 20.20M | 25.90M | 28.56M | 30.58M | 25.89M |
| Buildings | 123.00M | 121.70M | 116.00M | 128.77M | 133.53M | 101.71M |
| Machinery | 379.40M | 363.50M | 215.50M | 248.89M | 255.50M | 214.32M |
| Construction In Progress | 32.40M | 25.20M | 107.40M | 35.53M | 21.93M | 13.74M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -29.00M | 800.00K | 15.90M | -24.90M | -392.00K | 20.55M |
| Depreciation & Amortization | 87.80M | 82.40M | 70.90M | 79.50M | 86.80M | 80.72M |
| Other Amortization | 1.30M | 1.40M | 3.20M | 1.60M | 1.93M | 3.92M |
| Loss (Gain) From Sale of Assets | -10.30M | -9.20M | -43.90M | 7.40M | -691.00K | -1.86M |
| Asset Writedown & Restructuring Costs | 200.00K | 600.00K | 12.60M | 4.68M | ||
| Stock-Based Compensation | 17.20M | 17.10M | 18.30M | 17.10M | 10.63M | 12.96M |
| Other Operating Activities | -6.80M | -28.40M | 20.00M | -26.20M | -43.73M | -44.40M |
| Change in Accounts Receivable | 37.70M | 19.10M | 6.80M | 1.90M | -5.60M | -4.53M |
| Change in Inventory | -3.10M | -17.90M | -4.60M | 12.70M | -38.49M | -10.60M |
| Change in Accounts Payable | 9.00M | 54.50M | 123.10M | 9.30M | 51.43M | -5.45M |
| Change in Other Net Operating Assets | 11.60M | -8.20M | -103.50M | -14.40M | -18.38M | -2.93M |
| Operating Cash Flow | 115.60M | 112.20M | 106.20M | 76.60M | 48.19M | 48.39M |
| Capital Expenditures | -64.50M | -102.80M | -98.60M | -55.70M | -87.97M | -31.74M |
| Sale of Property, Plant & Equipment | 25.10M | 24.60M | 26.60M | 9.50M | 4.33M | 3.03M |
| Cash Acquisitions | -75.00K | -117.58M | ||||
| Divestitures | 167.50M | |||||
| Sale (Purchase) of Intangibles | 32.60M | 26.40M | 17.50M | 28.70M | 23.40M | 12.43M |
| Other Investing Activities | -38.30M | -35.10M | -38.00M | -31.00M | -15.76M | -2.24M |
| Investing Cash Flow | -45.10M | -86.90M | 75.00M | -48.50M | -76.07M | -136.10M |
| Long-Term Debt Issued | 345.50M | 153.60M | 84.10M | 203.59M | 946.27M | |
| Long-Term Debt Repaid | -264.90M | -288.60M | -99.80M | -136.04M | -880.62M | |
| Net Debt Issued (Repaid) | -28.40M | 80.60M | -135.00M | -15.70M | 67.56M | 65.65M |
| Issuance of Common Stock | 28.00M | 57.23M | ||||
| Repurchase of Common Stock | -1.70M | -2.20M | -1.40M | -600.00K | -6.22M | |
| Common Dividends Paid | -22.50M | -22.30M | -21.70M | -18.50M | -17.16M | -11.91M |
| Other Financing Activities | -13.90M | -17.10M | -19.00M | -14.20M | -13.28M | -28.20M |
| Financing Cash Flow | -66.50M | 39.00M | -177.10M | -49.00M | 58.91M | 82.78M |
| Net Cash Flow | 4.00M | 64.30M | 4.10M | -20.90M | 31.03M | -4.93M |
| Free Cash Flow | 51.10M | 9.40M | 7.60M | 20.90M | -39.77M | 16.65M |
| Free Cash Flow Margin | 3.52% | 0.65% | 0.54% | 1.45% | -2.82% | 1.41% |
| Free Cash Flow Per Share | 0.58 | 0.11 | 0.09 | 0.26 | -0.49 | 0.21 |
| Levered Free Cash Flow | 103.20M | 22.90M | 92.98M | 71.96M | -12.27M | -11.24M |
| Unlevered Free Cash Flow | 127.71M | 48.44M | 117.85M | 108.24M | 13.56M | 6.54M |
| Cash Interest Paid | 42.90M | 44.90M | 45.00M | 46.90M | 41.71M | 31.64M |
| Cash Income Tax Paid | 44.50M | 28.70M | 28.70M | 7.10M | 2.33M | 2.93M |
| Change in Working Capital | 55.20M | 47.50M | 21.80M | 9.50M | -11.04M | -23.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.05B | 915.35M | 1.29B | 1.32B | 1.28B | 1.24B |
| Enterprise Value | 3.03B | 2.53B | 2.79B | 2.99B | 2.96B | 2.82B |
| Last Close Price | 14.27 | 10.23 | 14.92 | 15.33 | 14.75 | 14.62 |
| PE Ratio | 1,144.19 | 80.82 | 60.19 | |||
| Forward PE | 17.68 | 11.91 | 19.36 | 25.99 | 29.20 | 26.50 |
| PS Ratio | 1.41 | 0.64 | 0.91 | 0.92 | 0.91 | 1.05 |
| PB Ratio | 1.82 | 0.68 | 0.93 | 0.95 | 0.88 | 0.86 |
| P/FCF Ratio | 40.20 | 97.38 | 169.09 | 63.05 | 74.32 | |
| P/OCF Ratio | 17.77 | 8.16 | 12.10 | 17.20 | 26.59 | 25.57 |
| PEG Ratio | 1.36 | 1.02 | 1.81 | 7.42 | 8.16 | |
| EV/Sales Ratio | 2.08 | 1.76 | 1.98 | 2.08 | 2.10 | 2.39 |
| EV/EBITDA Ratio | 33.39 | 27.30 | 21.46 | 25.92 | 32.41 | 31.55 |
| EV/EBIT Ratio | 1,044.19 | 245.68 | 47.25 | 83.31 | 637.10 | 324.25 |
| EV/FCF Ratio | 59.26 | 269.20 | 366.79 | 143.10 | 169.49 | |
| Debt / Equity Ratio | 0.79 | 0.77 | 0.68 | 0.71 | 0.68 | 0.64 |
| Debt / EBITDA Ratio | 11.38 | 11.10 | 6.18 | 7.16 | 9.18 | 9.27 |
| Debt / FCF Ratio | 20.20 | 109.49 | 123.79 | 47.24 | 54.88 | |
| Net Debt / Equity Ratio | 0.74 | 0.68 | 0.64 | 0.68 | 0.63 | 0.61 |
| Net Debt / EBITDA Ratio | 10.74 | 9.80 | 6.81 | 8.10 | 10.05 | 9.75 |
| Net Debt / FCF Ratio | 19.06 | 96.68 | 116.41 | 44.75 | -23.12 | 52.36 |
| Asset Turnover | 0.52 | 0.52 | 0.52 | 0.52 | 0.51 | 0.45 |
| Inventory Turnover | 8.50 | 9.79 | 10.10 | 9.77 | 9.71 | 11.44 |
| Quick Ratio | 0.54 | 0.68 | 0.62 | 0.81 | 0.88 | 0.92 |
| Current Ratio | 1.06 | 1.19 | 1.11 | 1.42 | 1.57 | 1.48 |
| Return on Equity (ROE) | -3.11% | -0.56% | 2.22% | -2.82% | -0.97% | 0.57% |
| Return on Assets (ROA) | 0.07% | 0.23% | 1.35% | 0.80% | 0.10% | 0.21% |
| Return on Invested Capital (ROIC) | 0.13% | 0.46% | 1.14% | 1.53% | 0.20% | 0.19% |
| Return on Capital Employed (ROCE) | 0.10% | 0.40% | 2.40% | 1.40% | 0.20% | 0.30% |
| Earnings Yield | -2.31% | 0.09% | 1.24% | -1.89% | -0.03% | 1.66% |
| FCF Yield | 2.49% | 1.03% | 0.59% | 1.59% | -3.10% | 1.35% |
| Dividend Yield | 1.77% | 2.35% | 0.15% | 1.41% | 1.38% | 1.28% |
| Payout Ratio | 2,787.50% | 136.48% | 57.93% | |||
| Buyback Yield / Dilution | -1.12% | -2.74% | -5.37% | -0.25% | -4.17% | -9.21% |
| Total Shareholder Return | 0.64% | -0.39% | -5.21% | 1.16% | -2.79% | -7.93% |