What is United-Guardian's operating income?

United-Guardian's total operating income in 2025 was $2.24 million, based on the following breakdown: Total Gross Profit: $5.14 million Total Operating Expenses: $2.90 million

United-Guardian (UG) Financials

$7.55 +0.05 (+0.67%)

Closing price 07/17/2026 04:00 PM Eastern

Extended Trading

$7.54 -0.01 (-0.13%)

As of 07/17/2026 04:10 PM Eastern

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Annual Income Statements for United-Guardian

This table shows United-Guardian's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.61	2.58	3.84	4.35	-8.82	3.30	4.66	2.57	2.58	3.25	2.11
Consolidated Net Income / (Loss)	4.61	2.58	3.84	4.35	4.76	3.30	4.66	2.57	2.58	3.25	2.11
Net Income / (Loss) Continuing Operations	4.61	2.58	3.84	4.35	-8.82	3.30	4.66	2.57	2.58	3.25	2.11
Total Pre-Tax Income	6.63	3.70	5.55	5.47	6.03	4.16	5.88	3.23	3.25	4.11	2.64
Total Operating Income	6.29	3.39	5.24	5.58	5.40	3.64	5.67	4.04	2.86	3.65	2.24
Total Gross Profit	8.80	5.89	7.67	8.10	-5.64	6.11	8.18	6.70	5.41	6.46	5.14
Total Revenue	14	11	13	13	0.01	11	14	13	11	12	11
Operating Revenue	14	11	13	13	0.01	11	14	13	11	12	11
Total Cost of Revenue	5.20	4.88	5.30	5.34	5.66	4.87	5.75	6.00	5.48	5.72	5.40
Operating Cost of Revenue	5.20	4.88	5.30	5.34	5.66	4.87	5.75	6.00	5.48	5.72	5.40
Total Operating Expenses	2.51	2.50	2.43	2.52	2.55	2.48	2.51	2.66	2.54	2.81	2.90
Selling, General & Admin Expense	-	-	-	2.12	2.15	2.03	2.04	2.17	2.08	2.36	2.43
Research & Development Expense	0.65	0.65	0.65	0.40	0.40	0.45	0.48	0.49	0.46	0.46	0.46
Total Other Income / (Expense), net	0.33	0.31	0.32	-0.11	0.63	0.52	0.21	-0.81	0.39	0.46	0.40
Interest & Investment Income	0.33	0.31	0.28	0.23	0.20	0.23	0.23	-0.81	0.39	0.46	0.40
Income Tax Expense	2.02	1.11	1.71	1.11	1.27	0.86	1.22	0.66	0.67	0.86	0.54
Basic Earnings per Share	$1.00	$0.56	$0.84	$0.95	$1.04	$0.72	$1.01	$0.56	$0.56	$0.71	$0.46
Weighted Average Basic Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Weighted Average Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Weighted Average Basic & Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M

This table shows United-Guardian's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.63	0.74	0.93	0.96	0.87	0.50	0.56	0.63	0.27	0.65	0.82
Consolidated Net Income / (Loss)	0.63	0.74	0.93	0.96	0.87	0.50	0.56	0.63	0.27	0.65	0.82
Net Income / (Loss) Continuing Operations	0.63	0.74	0.93	0.96	0.87	0.50	0.56	0.63	0.27	0.65	0.82
Total Pre-Tax Income	0.79	0.93	1.17	1.21	1.10	0.64	0.71	0.79	0.33	0.82	1.03
Total Operating Income	0.72	0.79	1.03	1.11	0.95	0.56	0.61	0.70	0.22	0.72	0.64
Total Gross Profit	1.31	1.40	1.70	1.83	1.65	1.28	1.36	1.50	0.95	1.33	1.42
Total Revenue	3.06	2.61	3.25	3.39	3.06	2.48	2.48	2.84	2.26	2.96	2.87
Operating Revenue	3.06	2.61	3.25	3.39	3.06	2.48	2.48	2.84	2.26	2.96	2.87
Total Cost of Revenue	1.75	1.21	1.56	1.56	1.41	1.20	1.12	1.34	1.31	1.63	1.45
Operating Cost of Revenue	1.75	1.21	1.56	1.56	1.41	1.20	1.12	1.34	1.31	1.63	1.45
Total Operating Expenses	0.59	0.61	0.67	0.71	0.70	0.73	0.75	0.80	0.74	0.61	0.78
Selling, General & Admin Expense	0.49	0.50	0.57	0.60	0.59	0.59	0.63	0.69	0.62	0.49	0.67
Research & Development Expense	0.10	0.11	0.10	0.11	0.11	0.13	0.11	0.11	0.12	0.12	0.12
Total Other Income / (Expense), net	0.07	0.14	0.14	0.09	0.15	0.08	0.10	0.10	0.11	0.10	0.39
Interest & Investment Income	0.07	0.14	0.14	0.09	0.15	0.08	0.10	0.10	0.11	0.10	0.09
Other Income / (Expense), net	-	-	-	-	-	-	0.00	-	-	-	0.30
Income Tax Expense	0.16	0.19	0.24	0.25	0.23	0.14	0.15	0.16	0.06	0.17	0.21
Basic Earnings per Share	$0.14	-	$0.20	$0.21	$0.19	$0.11	$0.12	$0.14	$0.06	$0.14	$0.18
Weighted Average Basic Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Weighted Average Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Weighted Average Basic & Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Cash Dividends to Common per Share	$0.10	-	$0.25	-	$0.35	-	$0.35	-	$0.25	-	$0.25

This table details how cash moves in and out of United-Guardian's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.94	-0.66	0.30	-0.17	0.50	-0.46	-0.06	0.30	7.41	-6.37	-0.62
Net Cash From Operating Activities	5.20	2.29	3.99	4.95	4.48	3.59	5.31	2.53	3.14	3.47	1.97
Net Cash From Continuing Operating Activities	5.20	2.29	3.99	4.95	4.48	3.59	5.29	2.53	3.14	3.47	1.97
Net Income / (Loss) Continuing Operations	4.61	2.58	3.84	4.35	4.76	3.30	4.66	2.57	2.58	3.25	2.11
Consolidated Net Income / (Loss)	4.61	2.58	3.84	4.35	4.76	3.30	4.66	2.57	2.58	3.25	2.11
Depreciation Expense	0.17	0.19	0.20	0.19	0.18	0.17	0.15	0.14	0.11	0.10	0.11
Non-Cash Adjustments To Reconcile Net Income	-0.02	0.01	-0.03	0.34	-0.41	-0.43	-0.01	1.08	-0.11	-0.04	-0.03
Changes in Operating Assets and Liabilities, net	0.44	-0.49	-0.02	0.06	-0.05	0.55	0.49	-1.26	0.57	0.16	-0.21
Net Cash From Investing Activities	-1.67	0.49	2.82	-0.31	1.07	-0.47	-0.18	0.90	4.73	-7.08	0.18
Net Cash From Continuing Investing Activities	-1.67	0.49	2.82	-0.31	1.07	-0.47	-0.18	0.90	4.73	-7.08	0.18
Purchase of Property, Plant & Equipment	-0.06	-0.17	-0.04	-0.07	-0.11	-0.04	-0.12	-0.08	-0.17	-0.43	-0.06
Purchase of Investments	-5.56	-2.31	-1.92	-8.26	-15	-6.80	-4.22	-1.93	-0.62	-8.46	-13
Sale and/or Maturity of Investments	3.94	2.97	4.78	8.02	16	6.37	4.15	2.87	5.51	1.82	13
Net Cash From Financing Activities	-4.47	-3.44	-6.51	-4.82	-5.05	-3.58	-5.19	-3.12	-0.46	-2.76	-2.77
Net Cash From Continuing Financing Activities	-4.47	-3.44	-6.51	-4.82	-5.05	-3.58	-5.19	-3.12	-0.46	-2.76	-2.77
Payment of Dividends	-4.59	-3.44	-6.51	-4.82	-5.05	-3.58	-5.19	-3.12	-0.46	-2.76	-2.77
Cash Income Taxes Paid	-	-	1.60	1.15	1.10	1.03	1.10	1.13	0.60	1.05	0.30

This table details how cash moves in and out of United-Guardian's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.63	1.13	-1.17	1.33	-5.96	-0.57	-0.61	0.50	-0.91	0.39	-0.52
Net Cash From Operating Activities	1.16	1.13	0.64	1.32	1.23	0.27	0.32	0.30	1.01	0.33	0.60
Net Cash From Continuing Operating Activities	1.16	1.13	0.64	1.32	1.23	0.27	0.32	0.30	1.01	0.33	0.60
Net Income / (Loss) Continuing Operations	0.63	0.74	0.93	0.96	0.87	0.50	0.56	0.63	0.27	0.65	0.82
Consolidated Net Income / (Loss)	0.63	0.74	0.93	0.96	0.87	0.50	0.56	0.63	0.27	0.65	0.82
Depreciation Expense	0.03	0.03	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.03
Non-Cash Adjustments To Reconcile Net Income	0.04	-0.08	-0.05	0.00	-0.05	0.06	-0.01	-0.02	-0.04	0.04	-0.02
Changes in Operating Assets and Liabilities, net	0.48	0.44	-0.25	0.34	0.39	-0.32	-0.25	-0.33	0.76	-0.39	-0.22
Net Cash From Investing Activities	-0.07	-0.00	-0.67	0.01	-5.58	-0.84	0.68	0.21	-0.77	0.06	0.03
Net Cash From Continuing Investing Activities	-0.07	-0.00	-0.67	0.01	-5.58	-0.84	0.68	0.21	-0.77	0.06	0.03
Purchase of Property, Plant & Equipment	-0.07	-0.09	-0.02	-0.07	-0.03	-0.32	-0.00	-0.02	-0.02	-0.02	-0.01
Purchase of Investments	-0.00	-0.16	-0.79	-0.55	-5.84	-1.27	-5.47	-0.93	-5.75	-0.80	-5.95
Sale and/or Maturity of Investments	-	0.25	0.15	0.63	0.29	0.75	6.15	1.15	4.99	0.88	5.99
Net Cash From Financing Activities	-0.46	-	-1.15	-	-1.61	-	-1.61	-0.01	-1.15	-	-1.15
Net Cash From Continuing Financing Activities	-0.46	-	-1.15	-	-1.61	-	-1.61	-0.01	-1.15	-	-1.15
Payment of Dividends	-0.46	-	-1.15	-	-1.61	-	-1.61	-0.01	-1.15	-	-1.15
Cash Income Taxes Paid	0.15	0.08	0.25	0.33	0.25	0.23	0.20	0.05	-	0.05	0.00

This table presents United-Guardian's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	16	15	13	13	12	12	12	11	13	14	13
Total Current Assets	15	14	12	12	12	11	12	9.97	12	13	12
Cash & Equivalents	1.08	0.42	0.72	0.55	1.05	0.59	0.53	0.83	8.24	1.88	1.25
Short-Term Investments	11	10	7.72	7.62	6.87	7.59	7.64	5.65	0.85	7.52	7.32
Accounts Receivable	0.93	1.60	1.91	1.67	2.10	1.39	1.81	1.43	1.57	1.43	1.59
Inventories, net	1.29	1.26	1.34	1.48	1.22	1.42	1.41	1.67	1.22	1.45	1.51
Prepaid Expenses	0.16	0.14	0.16	0.16	0.17	0.16	0.19	0.20	0.19	0.21	0.21
Current Deferred & Refundable Income Taxes	0.33	0.08	0.00	0.20	0.17	0.10	0.00	0.19	0.18	0.18	0.33
Plant, Property, & Equipment, net	1.10	1.09	0.94	0.83	0.78	0.67	0.66	0.56	0.62	0.96	0.91
Plant, Property & Equipment, gross	7.02	7.19	7.23	7.28	7.39	7.43	7.53	7.55	7.72	8.15	8.21
Accumulated Depreciation	5.93	6.10	6.28	6.45	6.61	6.76	6.87	6.99	7.10	7.19	7.30
Total Noncurrent Assets	0.07	0.06	0.06	0.03	0.01	0.00	0.00	0.11	0.05	0.18	0.00
Total Liabilities & Shareholders' Equity	16	15	13	13	12	12	12	11	13	14	13
Total Liabilities	1.11	1.05	1.46	1.62	1.73	1.57	2.42	1.37	1.53	1.91	1.88
Total Current Liabilities	0.99	1.05	1.42	1.37	1.34	1.41	2.34	1.37	1.53	1.91	1.67
Accounts Payable	0.10	0.08	0.35	0.19	0.07	0.03	0.41	0.03	0.13	0.43	0.48
Accrued Expenses	0.79	0.85	0.88	1.04	1.13	1.36	1.63	1.32	1.36	1.47	1.16
Dividends Payable	0.11	0.11	0.13	0.14	0.14	0.02	0.02	0.02	0.02	0.02	0.01
Current Deferred Revenue	-	-	-	-	-	-	0.19	0.00	0.02	0.00	0.00
Total Noncurrent Liabilities	0.12	0.00	0.03	0.25	0.39	0.15	0.08	0.00	0.00	0.00	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	0.12	0.00	0.03	0.25	0.39	0.15	0.08	-	-	0.00	0.00
Commitments & Contingencies	0.00	-	-	-	-	0.00	-	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	15	14	11	11	11	10	9.82	9.27	11	12	11
Total Preferred & Common Equity	15	14	11	11	11	10	9.82	9.27	11	12	11
Total Common Equity	15	14	11	11	11	10	9.82	9.27	11	12	11
Common Stock	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46
Retained Earnings	14	13	10	10	10	9.89	9.36	8.81	11	11	11

This table presents United-Guardian's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	12	13	14	13	13	13	12	13
Total Current Assets	12	12	13	12	12	12	11	12
Cash & Equivalents	7.12	7.07	8.41	2.44	1.27	1.77	0.86	0.74
Short-Term Investments	0.93	1.54	1.45	7.05	6.85	6.65	7.44	7.30
Accounts Receivable	1.82	2.13	1.68	1.49	1.55	1.91	1.16	2.01
Inventories, net	1.23	1.28	1.17	1.19	1.50	1.53	1.41	1.32
Prepaid Expenses	0.13	0.21	0.22	0.14	0.24	0.23	0.15	0.21
Current Deferred & Refundable Income Taxes	0.39	0.20	0.21	0.16	0.27	0.37	0.22	0.23
Plant, Property, & Equipment, net	0.56	0.62	0.66	0.67	0.93	0.93	0.92	0.89
Plant, Property & Equipment, gross	7.62	7.74	7.80	7.83	8.15	8.17	8.19	8.22
Accumulated Depreciation	7.06	7.12	7.14	7.17	7.22	7.24	7.27	7.33
Total Noncurrent Assets	0.00	0.00	0.03	0.10	0.14	0.00	0.02	0.00
Total Liabilities & Shareholders' Equity	12	13	14	13	13	13	12	13
Total Liabilities	1.52	1.88	1.71	1.88	1.93	1.93	1.60	1.80
Total Current Liabilities	1.47	1.86	1.71	1.88	1.93	1.85	1.60	1.47
Accounts Payable	0.17	0.42	0.34	0.51	0.38	0.42	0.24	0.11
Accrued Expenses	1.29	1.42	1.35	1.34	1.53	1.30	1.34	1.32
Dividends Payable	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01
Current Deferred Revenue	-	0.00	0.00	0.00	-	0.13	-	0.03
Total Noncurrent Liabilities	0.05	0.02	0.00	0.00	0.00	0.08	0.00	0.33
Noncurrent Deferred & Payable Income Tax Liabilities	0.05	0.02	-	-	-	0.08	-	0.33
Total Equity & Noncontrolling Interests	11	11	12	11	11	11	11	11
Total Preferred & Common Equity	11	11	12	11	11	11	11	11
Total Common Equity	11	11	12	11	11	11	11	11
Common Stock	0.46	0.46	0.46	0.46	0.46	0.46	0.46	0.46
Retained Earnings	10	11	12	11	10	11	10	10
Other Equity Adjustments	-	-	0.00	-	-	-	-	0.00

This table displays calculated financial ratios and metrics derived from United-Guardian's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	4,596,439.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00
DEI Adjusted Shares Outstanding	4,596,439.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00
DEI Earnings Per Adjusted Shares Outstanding	1.00	0.56	0.84	0.95	-1.92	0.72	1.01	0.56	0.56	0.71	0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.14%	-23.06%	20.33%	3.68%	-99.90%	80,685.45%	26.79%	-8.84%	-14.28%	11.91%	-13.43%
EBITDA Growth	13.51%	-44.69%	52.93%	-0.80%	10.64%	-31.70%	41.22%	-27.93%	-28.85%	26.07%	-37.17%
EBIT Growth	14.09%	-46.14%	55.45%	-0.67%	11.33%	-32.47%	43.44%	-28.47%	-29.08%	27.38%	-38.48%
NOPAT Growth	13.24%	-45.91%	53.18%	22.53%	-4.10%	-32.22%	55.51%	-28.44%	-29.26%	26.92%	-38.06%
Net Income Growth	13.74%	-43.97%	48.94%	13.22%	9.41%	-30.59%	40.96%	-44.84%	0.46%	25.94%	-35.23%
EPS Growth	13.64%	-44.00%	50.00%	13.10%	9.47%	-30.77%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	16.05%	-55.95%	74.30%	24.00%	-9.58%	-19.70%	47.83%	-52.47%	24.53%	10.23%	-43.26%
Free Cash Flow Firm Growth	12.47%	-59.23%	95.61%	20.72%	-7.35%	-17.13%	40.75%	-58.35%	32.45%	-2.43%	-47.89%
Invested Capital Growth	-13.12%	14.03%	-6.43%	-6.16%	-1.10%	-23.40%	-23.53%	67.38%	-17.42%	8.24%	15.28%
Revenue Q/Q Growth	-13.06%	10.55%	2.46%	-3.82%	-99.89%	1,055.67%	10.20%	-6.61%	-1.41%	-1.06%	4.82%
EBITDA Q/Q Growth	-17.50%	16.69%	9.63%	-12.04%	22.59%	-20.44%	12.13%	13.61%	5.11%	-6.02%	7.79%
EBIT Q/Q Growth	-17.89%	17.42%	10.09%	-12.39%	23.48%	-21.08%	12.59%	14.34%	5.35%	-6.05%	7.97%
NOPAT Q/Q Growth	-18.64%	17.00%	8.83%	-4.82%	15.22%	-23.40%	17.45%	-14.75%	4.91%	-6.16%	8.23%
Net Income Q/Q Growth	-17.59%	14.77%	7.40%	-9.03%	20.41%	-19.09%	12.18%	-14.54%	2.31%	-6.71%	7.44%
EPS Q/Q Growth	-17.36%	14.29%	7.69%	-8.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-8.51%	-17.00%	4.01%	5.63%	-4.13%	-4.68%	22.96%	-29.17%	19.04%	-19.85%	3.21%
Free Cash Flow Firm Q/Q Growth	-10.14%	-20.82%	6.34%	5.72%	-2.21%	-5.19%	22.48%	-30.86%	14.17%	-29.05%	10.88%
Invested Capital Q/Q Growth	-17.68%	7.85%	10.98%	-5.59%	20.62%	-8.32%	-21.19%	-2.63%	-11.88%	31.60%	26.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.86%	54.69%	59.12%	60.26%	-41,500.99%	55.65%	58.74%	52.78%	49.66%	53.03%	48.75%
EBITDA Margin	46.17%	33.19%	42.18%	40.35%	44,141.58%	37.32%	41.57%	32.86%	27.27%	30.72%	22.30%
Operating Margin	44.93%	31.45%	40.37%	41.50%	39,678.89%	33.10%	40.68%	31.79%	26.30%	29.94%	21.27%
EBIT Margin	44.93%	31.45%	40.63%	38.93%	42,848.78%	35.82%	40.52%	31.79%	26.30%	29.94%	21.27%
Profit (Net Income) Margin	32.89%	23.95%	29.64%	32.37%	35,014.94%	30.08%	33.44%	20.23%	23.71%	26.69%	19.97%
Tax Burden Percent	69.53%	69.83%	69.26%	79.63%	78.96%	79.43%	79.25%	79.61%	79.41%	79.13%	79.67%
Interest Burden Percent	105.29%	109.04%	105.35%	104.43%	103.49%	105.75%	104.14%	79.95%	113.54%	112.66%	117.82%
Effective Tax Rate	30.47%	30.17%	30.74%	20.37%	21.04%	20.57%	20.75%	20.39%	20.59%	20.87%	20.33%
Return on Invested Capital (ROIC)	140.90%	76.60%	113.77%	148.78%	148.18%	114.38%	232.38%	143.51%	88.82%	119.70%	66.26%
ROIC Less NNEP Spread (ROIC-NNEP)	138.90%	74.67%	111.45%	149.89%	141.84%	109.15%	230.33%	152.33%	84.86%	115.74%	62.66%
Return on Net Nonoperating Assets (RNNOA)	-109.47%	-58.42%	-83.28%	-109.79%	-104.00%	-82.88%	-186.20%	-116.59%	-63.82%	-91.76%	-48.04%
Return on Equity (ROE)	31.43%	18.18%	30.49%	39.00%	44.18%	31.50%	46.18%	26.92%	24.99%	27.94%	18.22%
Cash Return on Invested Capital (CROIC)	154.95%	63.48%	120.41%	155.14%	149.28%	140.88%	259.04%	93.11%	107.90%	111.78%	52.06%
Operating Return on Assets (OROA)	39.79%	22.19%	38.02%	41.22%	46.79%	32.41%	46.72%	35.29%	24.30%	27.30%	16.68%
Return on Assets (ROA)	29.13%	16.90%	27.74%	34.27%	38.24%	27.22%	38.56%	22.46%	21.91%	24.33%	15.65%
Return on Common Equity (ROCE)	31.43%	18.18%	30.49%	39.00%	44.18%	31.50%	46.18%	26.92%	24.99%	27.94%	18.22%
Return on Equity Simple (ROE_SIMPLE)	31.59%	18.68%	33.73%	39.84%	44.78%	31.92%	47.43%	27.73%	22.67%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	4.38	2.37	3.63	4.44	4.26	2.89	4.49	3.21	2.27	2.89	1.79
NOPAT Margin	31.24%	21.96%	27.96%	33.05%	31,331.31%	26.29%	32.24%	25.31%	20.89%	23.69%	16.95%
Net Nonoperating Expense Percent (NNEP)	2.00%	1.93%	2.32%	-1.11%	6.34%	5.23%	2.05%	-8.82%	3.96%	3.96%	3.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	19.96%	24.28%	15.91%
Cost of Revenue to Revenue	37.14%	45.31%	40.88%	39.74%	41,600.99%	44.35%	41.26%	47.22%	50.34%	46.97%	51.25%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	15.79%	15,797.94%	18.44%	14.62%	17.12%	19.10%	19.35%	23.08%
R&D to Revenue	4.63%	6.05%	4.98%	2.97%	2,922.19%	4.11%	3.44%	3.86%	4.26%	3.75%	4.40%
Operating Expenses to Revenue	17.92%	23.24%	18.75%	18.76%	18,720.13%	22.55%	18.05%	20.99%	23.36%	23.10%	27.48%
Earnings before Interest and Taxes (EBIT)	6.29	3.39	5.27	5.23	5.83	3.93	5.64	4.04	2.86	3.65	2.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.47	3.58	5.47	5.43	6.00	4.10	5.79	4.17	2.97	3.74	2.35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.92	3.50	5.45	5.97	6.94	5.47	7.05	4.97	2.66	3.36	2.43
Price to Tangible Book Value (P/TBV)	3.92	3.50	5.45	5.97	6.94	5.47	7.05	4.97	2.66	3.36	2.43
Price to Revenue (P/Rev)	4.09	4.49	4.79	4.85	5,429.59	5.15	4.97	3.63	2.78	3.28	2.59
Price to Earnings (P/E)	12.42	18.75	16.16	14.99	0.00	17.13	14.86	17.93	11.73	12.29	12.97
Dividend Yield	8.03%	7.12%	6.80%	7.40%	6.84%	6.33%	7.50%	6.78%	6.22%	6.90%	10.09%
Earnings Yield	8.05%	5.33%	6.19%	6.67%	0.00%	5.84%	6.73%	5.58%	8.53%	8.13%	7.71%
Enterprise Value to Invested Capital (EV/IC)	15.73	11.46	17.42	19.73	23.05	22.11	36.44	14.12	9.15	12.20	6.49
Enterprise Value to Revenue (EV/Rev)	3.24	3.50	4.14	4.24	4,847.50	4.41	4.38	3.12	1.95	2.51	1.78
Enterprise Value to EBITDA (EV/EBITDA)	7.02	10.55	9.81	10.52	10.98	11.82	10.54	9.49	7.13	8.17	7.97
Enterprise Value to EBIT (EV/EBIT)	7.22	11.14	10.19	10.90	11.31	12.31	10.82	9.81	7.40	8.38	8.35
Enterprise Value to NOPAT (EV/NOPAT)	10.38	15.95	14.81	12.84	15.47	16.77	13.59	12.32	9.31	10.59	10.48
Enterprise Value to Operating Cash Flow (EV/OCF)	8.74	16.48	13.45	11.53	14.73	13.48	11.49	15.68	6.73	8.82	9.53
Enterprise Value to Free Cash Flow (EV/FCFF)	9.44	19.24	13.99	12.31	15.36	13.62	12.19	18.98	7.67	11.34	13.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.79	-0.78	-0.75	-0.73	-0.73	-0.76	-0.81	-0.77	-0.75	-0.79	-0.77
Leverage Ratio	1.08	1.08	1.10	1.14	1.16	1.16	1.20	1.20	1.14	1.15	1.16
Compound Leverage Factor	1.14	1.17	1.16	1.19	1.20	1.22	1.25	0.96	1.30	1.29	1.37
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	35.54	31.50	30.07	28.77	29.31	25.86	21.79	24.70	15.59	16.38	12.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	14.69	13.11	8.33	8.55	8.61	7.95	4.95	7.26	7.99	6.62	7.31
Quick Ratio	12.88	11.70	7.28	7.21	7.46	6.77	4.27	5.76	6.95	5.66	6.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.81	1.96	3.84	4.63	4.29	3.56	5.01	2.09	2.76	2.69	1.40
Operating Cash Flow to CapEx	8,310.25%	1,374.08%	10,464.98%	6,601.17%	3,934.39%	8,282.61%	4,565.65%	6,620.79%	2,019.37%	800.38%	3,333.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.71	0.94	1.06	0.00	0.90	1.15	1.11	0.92	0.91	0.78
Accounts Receivable Turnover	11.08	8.51	7.40	7.52	0.01	6.30	8.70	7.84	7.27	8.13	6.99
Inventory Turnover	4.11	3.83	4.08	3.79	4.19	3.70	4.07	3.89	3.78	4.28	3.65
Fixed Asset Turnover	12.16	9.86	12.75	15.19	0.02	15.11	20.91	20.85	18.48	15.46	11.32
Accounts Payable Turnover	43.73	54.36	24.26	19.75	43.82	94.44	25.97	27.18	66.47	20.45	11.93
Days Sales Outstanding (DSO)	32.94	42.89	49.30	48.56	50,606.61	57.91	41.94	46.58	50.20	44.87	52.18
Days Inventory Outstanding (DIO)	88.78	95.29	89.38	96.41	87.08	98.62	89.74	93.83	96.44	85.34	99.95
Days Payable Outstanding (DPO)	8.35	6.71	15.05	18.48	8.33	3.86	14.06	13.43	5.49	17.84	30.59
Cash Conversion Cycle (CCC)	113.38	131.47	123.64	126.49	50,685.36	152.67	117.63	126.97	141.15	112.37	121.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2.89	3.29	3.08	2.89	2.86	2.19	1.68	2.80	2.32	2.51	2.89
Invested Capital Turnover	4.51	3.49	4.07	4.50	0.00	4.35	7.21	5.67	4.25	5.05	3.91
Increase / (Decrease) in Invested Capital	-0.44	0.41	-0.21	-0.19	-0.03	-0.67	-0.52	1.13	-0.49	0.19	0.38
Enterprise Value (EV)	45	38	54	57	66	48	61	40	21	31	19
Market Capitalization	57	48	62	65	74	57	69	46	30	40	27
Book Value per Share	$3.17	$3.01	$2.48	$2.38	$2.31	$2.25	$2.14	$2.02	$2.48	$2.59	$2.44
Tangible Book Value per Share	$3.17	$3.01	$2.48	$2.38	$2.31	$2.25	$2.14	$2.02	$2.48	$2.59	$2.44
Total Capital	15	14	11	11	11	10	9.82	9.27	11	12	11
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-12	-11	-8.45	-8.17	-7.92	-8.18	-8.17	-6.48	-9.09	-9.40	-8.57
Capital Expenditures (CapEx)	0.06	0.17	0.04	0.07	0.11	0.04	0.12	0.04	0.16	0.43	0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1.73	2.03	1.98	2.15	2.31	1.65	1.08	2.11	1.62	1.35	1.96
Debt-free Net Working Capital (DFNWC)	14	13	10	10	10	9.83	9.25	8.60	11	11	11
Net Working Capital (NWC)	14	13	10	10	10	9.83	9.25	8.60	11	11	11
Net Nonoperating Expense (NNE)	-0.23	-0.21	-0.22	0.09	-0.50	-0.42	-0.17	0.64	-0.31	-0.37	-0.32
Net Nonoperating Obligations (NNO)	-12	-11	-8.32	-8.03	-7.77	-8.16	-8.15	-6.46	-9.07	-9.38	-8.34
Total Depreciation and Amortization (D&A)	0.17	0.19	0.20	0.19	0.18	0.17	0.15	0.14	0.11	0.10	0.11
Debt-free, Cash-free Net Working Capital to Revenue	12.35%	18.80%	15.28%	15.98%	16,974.64%	15.01%	7.75%	16.64%	14.92%	11.11%	18.57%
Debt-free Net Working Capital to Revenue	96.60%	117.55%	80.41%	76.76%	75,183.17%	89.50%	66.37%	67.70%	98.47%	88.25%	99.87%
Net Working Capital to Revenue	96.60%	117.55%	80.41%	76.76%	75,183.17%	89.50%	66.37%	67.70%	98.47%	88.25%	99.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.00	$0.56	$0.84	$0.95	$1.04	$0.72	$1.01	$0.56	$0.56	$0.71	$0.46
Adjusted Weighted Average Basic Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Adjusted Diluted Earnings per Share	$1.00	$0.56	$0.84	$0.95	$1.04	$0.72	$1.01	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Adjusted Basic & Diluted Earnings per Share	$1.00	$0.56	$0.84	$0.95	$1.04	$0.72	$1.01	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Normalized Net Operating Profit after Tax (NOPAT)	4.38	2.37	3.63	4.44	4.26	2.89	4.49	3.21	2.27	2.89	1.79
Normalized NOPAT Margin	31.24%	21.96%	27.96%	33.05%	31,331.31%	26.29%	32.24%	25.31%	20.89%	23.69%	16.95%
Pre Tax Income Margin	47.30%	34.30%	42.80%	40.65%	44,343.94%	37.88%	42.20%	25.42%	29.86%	33.73%	25.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	99.62%	133.15%	169.27%	110.66%	106.05%	108.40%	111.41%	121.56%	17.80%	84.79%	131.39%
Augmented Payout Ratio	99.62%	133.15%	169.27%	110.66%	106.05%	108.40%	111.41%	121.56%	17.80%	84.79%	131.39%

This table displays calculated financial ratios and metrics derived from United-Guardian's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00
DEI Adjusted Shares Outstanding	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00	4,594,319.00
DEI Earnings Per Adjusted Shares Outstanding	0.14	0.16	0.20	0.21	0.19	0.11	0.12	0.14	0.06	0.14	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.50%	-5.64%	26.64%	27.92%	0.08%	-5.00%	-23.77%	-16.28%	-26.01%	19.59%	15.76%
EBITDA Growth	77.28%	21.27%	22.66%	109.91%	29.91%	-29.16%	-39.45%	-36.72%	-75.03%	29.16%	53.25%
EBIT Growth	86.43%	22.54%	23.42%	115.16%	31.48%	-29.69%	-40.49%	-37.61%	-77.34%	29.75%	54.78%
NOPAT Growth	5.02%	20.65%	23.34%	114.92%	30.37%	-30.23%	-40.59%	-37.66%	-76.40%	31.08%	5.21%
Net Income Growth	81.40%	8.57%	22.40%	107.38%	38.09%	-31.69%	-39.39%	-34.45%	-68.98%	28.95%	46.00%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	58.27%	80.49%	54.25%	204.64%	5.50%	-76.12%	-50.00%	-77.10%	-17.72%	22.73%	87.70%
Free Cash Flow Firm Growth	499.88%	283.07%	139.89%	372.34%	78.05%	-77.89%	-75.19%	-107.11%	-114.13%	-22.84%	13.61%
Invested Capital Growth	-8.76%	-17.42%	-16.11%	-48.73%	-27.52%	8.24%	6.17%	33.65%	20.22%	15.28%	5.12%
Revenue Q/Q Growth	15.37%	-14.73%	24.85%	4.16%	-9.74%	-19.06%	0.18%	14.39%	-20.22%	30.81%	-3.03%
EBITDA Q/Q Growth	37.75%	10.07%	27.68%	8.42%	-14.75%	-39.98%	9.14%	13.31%	-66.37%	210.52%	29.49%
EBIT Q/Q Growth	39.34%	9.61%	29.74%	8.58%	-14.85%	-41.38%	9.80%	13.84%	-69.07%	235.66%	30.99%
NOPAT Q/Q Growth	39.67%	9.06%	29.97%	8.56%	-15.28%	-41.63%	10.67%	13.92%	-67.93%	224.18%	-11.17%
Net Income Q/Q Growth	35.93%	17.66%	25.49%	3.33%	-9.49%	-41.80%	11.35%	11.75%	-57.17%	141.98%	26.07%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	167.95%	-3.18%	-42.88%	105.57%	-7.21%	-78.08%	19.60%	-5.85%	233.40%	-67.31%	82.92%
Free Cash Flow Firm Q/Q Growth	173.71%	34.87%	17.44%	133.27%	-51.81%	-83.25%	31.78%	-166.86%	4.22%	191.44%	94.03%
Invested Capital Q/Q Growth	-41.02%	-11.88%	11.31%	-11.37%	-16.63%	31.60%	9.18%	11.57%	-25.01%	26.20%	-0.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.80%	53.68%	52.18%	53.95%	53.96%	51.74%	54.74%	52.76%	42.09%	44.99%	49.59%
EBITDA Margin	24.44%	31.55%	32.27%	33.59%	31.73%	23.53%	25.63%	25.39%	10.70%	25.41%	33.93%
Operating Margin	23.61%	30.35%	31.54%	32.88%	31.02%	22.46%	24.62%	24.50%	9.50%	24.37%	22.37%
EBIT Margin	23.61%	30.35%	31.54%	32.88%	31.02%	22.46%	24.62%	24.50%	9.50%	24.37%	32.92%
Profit (Net Income) Margin	20.50%	28.29%	28.43%	28.21%	28.28%	20.34%	22.61%	22.09%	11.86%	21.93%	28.51%
Tax Burden Percent	79.62%	79.22%	79.36%	79.34%	78.95%	78.61%	79.23%	79.28%	82.22%	79.41%	79.26%
Interest Burden Percent	109.05%	117.65%	113.60%	108.12%	115.50%	115.18%	115.88%	113.68%	151.80%	113.31%	109.26%
Effective Tax Rate	20.38%	20.78%	20.64%	20.66%	21.05%	21.39%	20.77%	20.72%	17.78%	20.59%	20.74%
Return on Invested Capital (ROIC)	75.37%	102.25%	102.52%	95.30%	133.05%	89.23%	83.77%	79.04%	37.47%	75.66%	69.10%
ROIC Less NNEP Spread (ROIC-NNEP)	74.69%	100.82%	101.09%	92.63%	131.73%	88.51%	82.85%	78.21%	36.44%	74.80%	65.26%
Return on Net Nonoperating Assets (RNNOA)	-54.78%	-75.83%	-74.14%	-41.13%	-104.63%	-70.17%	-62.84%	-60.51%	-29.48%	-57.34%	-48.41%
Return on Equity (ROE)	20.59%	26.41%	28.38%	54.17%	28.42%	19.06%	20.93%	18.53%	7.99%	18.32%	20.69%
Cash Return on Invested Capital (CROIC)	87.86%	107.90%	103.47%	150.51%	167.63%	111.78%	90.18%	54.46%	60.40%	52.06%	59.57%
Operating Return on Assets (OROA)	21.86%	28.04%	29.21%	31.48%	30.04%	20.48%	21.77%	19.54%	7.51%	19.11%	28.28%
Return on Assets (ROA)	18.98%	26.13%	26.33%	27.01%	27.39%	18.55%	19.98%	17.61%	9.38%	17.19%	24.49%
Return on Common Equity (ROCE)	20.59%	26.41%	28.38%	54.17%	28.42%	19.06%	20.93%	18.53%	7.99%	18.32%	20.69%
Return on Equity Simple (ROE_SIMPLE)	23.69%	0.00%	24.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.57	0.63	0.81	0.88	0.75	0.44	0.48	0.55	0.18	0.57	0.51
NOPAT Margin	18.80%	24.04%	25.03%	26.09%	24.49%	17.66%	19.51%	19.43%	7.81%	19.36%	17.73%
Net Nonoperating Expense Percent (NNEP)	0.69%	1.42%	1.43%	2.67%	1.33%	0.72%	0.92%	0.83%	1.03%	0.86%	3.84%
Return On Investment Capital (ROIC_SIMPLE)	-	5.50%	7.30%	7.30%	6.58%	3.68%	4.47%	4.81%	1.67%	5.10%	4.67%
Cost of Revenue to Revenue	57.20%	46.32%	47.82%	46.05%	46.04%	48.26%	45.26%	47.24%	57.91%	55.01%	50.41%
SG&A Expenses to Revenue	15.98%	19.10%	17.48%	17.78%	19.31%	23.99%	25.50%	24.45%	27.42%	16.42%	23.22%
R&D to Revenue	3.21%	4.23%	3.16%	3.29%	3.63%	5.29%	4.61%	3.80%	5.17%	4.20%	4.00%
Operating Expenses to Revenue	19.19%	23.33%	20.64%	21.07%	22.94%	29.28%	30.11%	28.25%	32.59%	20.62%	27.23%
Earnings before Interest and Taxes (EBIT)	0.72	0.79	1.03	1.11	0.95	0.56	0.61	0.70	0.22	0.72	0.95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.75	0.82	1.05	1.14	0.97	0.58	0.64	0.72	0.24	0.75	0.97
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.07	2.66	2.96	3.11	6.05	3.36	3.58	3.12	3.41	2.43	2.82
Price to Tangible Book Value (P/TBV)	3.07	2.66	2.96	3.11	6.05	3.36	3.58	3.12	3.41	2.43	2.82
Price to Revenue (P/Rev)	2.96	2.78	2.86	3.06	5.59	3.28	3.40	3.30	3.59	2.59	2.81
Price to Earnings (P/E)	12.95	11.73	12.03	11.60	19.74	12.29	13.44	13.99	18.42	12.97	13.02
Dividend Yield	5.76%	6.22%	4.86%	4.27%	4.01%	6.90%	8.29%	8.99%	7.63%	10.09%	7.46%
Earnings Yield	7.72%	8.53%	8.31%	8.62%	5.07%	8.13%	7.44%	7.15%	5.43%	7.71%	7.68%
Enterprise Value to Invested Capital (EV/IC)	9.38	9.15	9.50	12.17	31.14	12.20	11.21	8.96	12.15	6.49	7.91
Enterprise Value to Revenue (EV/Rev)	2.23	1.95	2.12	2.26	4.82	2.51	2.69	2.52	2.76	1.78	2.08
Enterprise Value to EBITDA (EV/EBITDA)	8.72	7.13	7.74	7.39	14.89	8.17	9.22	9.40	12.74	7.97	9.53
Enterprise Value to EBIT (EV/EBIT)	9.07	7.40	8.01	7.60	15.28	8.38	9.49	9.73	13.38	8.35	10.00
Enterprise Value to NOPAT (EV/NOPAT)	11.37	9.31	10.09	9.58	19.28	10.59	12.01	12.31	16.84	10.48	12.56
Enterprise Value to Operating Cash Flow (EV/OCF)	9.33	6.73	7.26	6.52	13.71	8.82	9.76	12.88	14.59	9.53	10.11
Enterprise Value to Free Cash Flow (EV/FCFF)	10.18	7.67	8.38	5.48	15.61	11.34	12.80	18.82	21.95	13.34	13.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.73	-0.75	-0.73	-0.44	-0.79	-0.79	-0.76	-0.77	-0.81	-0.77	-0.74
Leverage Ratio	1.15	1.14	1.18	2.12	1.15	1.15	1.17	1.15	1.16	1.16	1.17
Compound Leverage Factor	1.26	1.34	1.34	2.29	1.33	1.32	1.36	1.31	1.76	1.32	1.28
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	16.16	15.06	13.82	16.51	25.29	15.64	15.18	14.19	16.56	11.83	13.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.88	7.99	6.67	7.67	6.66	6.62	6.07	6.73	7.04	7.31	8.05
Quick Ratio	6.69	6.95	5.77	6.73	5.86	5.66	5.02	5.57	5.92	6.09	6.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.83	1.12	1.31	3.06	1.47	0.25	0.33	-0.22	-0.21	0.19	0.37
Operating Cash Flow to CapEx	1,702.13%	1,207.51%	2,933.69%	2,026.27%	4,015.37%	85.44%	8,926.83%	1,721.70%	6,636.04%	1,466.33%	6,115.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.92	0.93	0.96	0.97	0.91	0.88	0.80	0.79	0.78	0.86
Accounts Receivable Turnover	7.50	7.27	6.40	7.65	7.44	8.13	6.19	6.06	7.58	6.99	6.14
Inventory Turnover	3.29	3.78	3.17	4.12	4.74	4.28	3.80	3.75	3.82	3.65	4.06
Fixed Asset Turnover	18.82	18.48	20.04	20.99	20.11	15.46	14.70	13.69	12.71	11.32	12.00
Accounts Payable Turnover	44.05	66.47	13.82	0.00	16.88	20.45	13.27	13.47	13.11	11.93	23.25
Days Sales Outstanding (DSO)	48.65	50.20	57.00	47.70	49.07	44.87	58.95	60.26	48.18	52.18	59.41
Days Inventory Outstanding (DIO)	111.06	96.44	115.13	88.67	77.01	85.34	96.00	97.37	95.47	99.95	89.95
Days Payable Outstanding (DPO)	8.29	5.49	26.42	0.00	21.62	17.84	27.50	27.10	27.84	30.59	15.70
Cash Conversion Cycle (CCC)	151.43	141.15	145.72	136.36	104.45	112.37	127.45	130.53	115.81	121.54	133.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2.63	2.32	2.58	2.28	1.90	2.51	2.74	3.05	2.29	2.89	2.88
Invested Capital Turnover	4.01	4.25	4.10	3.65	5.43	5.05	4.29	4.07	4.80	3.91	3.90
Increase / (Decrease) in Invested Capital	-0.25	-0.49	-0.50	-2.17	-0.72	0.19	0.16	0.77	0.38	0.38	0.14
Enterprise Value (EV)	25	21	24	28	59	31	31	27	28	19	23
Market Capitalization	33	30	33	38	69	40	39	36	36	27	31
Book Value per Share	$2.32	$2.48	$2.43	$2.64	$2.48	$2.59	$2.36	$2.49	$2.30	$2.44	$2.37
Tangible Book Value per Share	$2.32	$2.48	$2.43	$2.64	$2.48	$2.59	$2.36	$2.49	$2.30	$2.44	$2.37
Total Capital	11	11	11	12	11	12	11	11	11	11	11
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-8.04	-9.09	-8.61	-9.86	-9.50	-9.40	-8.12	-8.42	-8.30	-8.57	-8.04
Capital Expenditures (CapEx)	0.07	0.09	0.02	0.07	0.03	0.32	0.00	0.02	0.02	0.02	0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.10	1.62	1.96	1.57	1.11	1.35	1.64	2.19	1.34	1.96	2.31
Debt-free Net Working Capital (DFNWC)	10	11	11	11	11	11	9.76	11	9.65	11	10
Net Working Capital (NWC)	10	11	11	11	11	11	9.76	11	9.65	11	10
Net Nonoperating Expense (NNE)	-0.05	-0.11	-0.11	-0.07	-0.12	-0.07	-0.08	-0.08	-0.09	-0.08	-0.31
Net Nonoperating Obligations (NNO)	-8.02	-9.07	-8.59	-9.84	-9.47	-9.38	-8.10	-8.41	-8.29	-8.34	-8.03
Total Depreciation and Amortization (D&A)	0.03	0.03	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.03
Debt-free, Cash-free Net Working Capital to Revenue	18.99%	14.92%	16.92%	12.76%	9.04%	11.11%	14.40%	20.19%	13.36%	18.57%	21.11%
Debt-free Net Working Capital to Revenue	91.86%	98.47%	91.34%	92.85%	86.17%	88.25%	85.59%	97.76%	95.91%	99.87%	94.59%
Net Working Capital to Revenue	91.86%	98.47%	91.34%	92.85%	86.17%	88.25%	85.59%	97.76%	95.91%	99.87%	94.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	$0.00	$0.00	$0.21	$0.19	$0.11	$0.12	$0.14	$0.06	$0.14	$0.18
Adjusted Weighted Average Basic Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M	4.59M
Normalized Net Operating Profit after Tax (NOPAT)	0.57	0.63	0.81	0.88	0.75	0.44	0.48	0.55	0.18	0.57	0.51
Normalized NOPAT Margin	18.80%	24.04%	25.03%	26.09%	24.49%	17.66%	19.51%	19.43%	7.81%	19.36%	17.73%
Pre Tax Income Margin	25.75%	35.71%	35.83%	35.55%	35.83%	25.87%	28.53%	27.86%	14.42%	27.62%	35.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.65%	17.80%	58.45%	49.54%	79.10%	84.79%	111.41%	126.17%	141.17%	131.39%	97.67%
Augmented Payout Ratio	74.65%	17.80%	58.45%	49.54%	79.10%	84.79%	111.41%	126.17%	141.17%	131.39%	97.67%

Financials Breakdown Chart

Key Financial Trends

United-Guardian (NASDAQ: UG) continued to post solid profitability in Q1 2026, but the quarter also showed some signs of slowing operating momentum compared with the stronger levels seen in prior periods.

For Q1 2026, revenue came in at $2.87 million, down from $2.96 million in Q4 2025 and $3.39 million in Q2 2025. Gross profit was $1.42 million, with gross margin of about 49.6%, which is still healthy but below some of the stronger quarters in 2024 and early 2025. Net income was $818.9 thousand, up sequentially from Q4 2025, while diluted EPS held at $0.18.

Operating cash flow remained positive at $604.5 thousand in Q1 2026, though it was lower than the prior quarter’s $330.5 thousand? Actually, it improved meaningfully versus Q4 2025 and was supported by strong earnings. The company also returned a large amount of cash to shareholders through dividends, paying $1.15 million during the quarter. That dividend commitment continues to be a major use of cash.

The balance sheet remains very strong overall, with $8.0 million in cash and short-term investments combined at quarter-end, and only $1.8 million in total liabilities. However, total cash and equivalents fell to $735.9 thousand from $860.8 thousand in Q3 2025 and much higher levels earlier in 2025, reflecting the impact of dividends and working-capital changes.

Looking at the broader trend over the last four years, United-Guardian has generally remained a consistently profitable, cash-generative business with minimal leverage. The main issue is not profitability, but rather modest revenue growth and periodic swings in working capital and investment activity. For retail investors, that means UG looks like a stable, income-oriented small cap more than a growth story.

Strong profitability: Q1 2026 net income of $818.9 thousand shows the company remains comfortably profitable.
Healthy operating cash flow: The company generated $604.5 thousand from operations in Q1 2026.
Very strong balance sheet: Total liabilities were only $1.8 million versus $11.0 million in equity.
Large liquidity cushion: Cash plus short-term investments totaled roughly $8.0 million at quarter-end.
Consistent dividend payer: The company continues to return cash to shareholders, with dividends of $0.25 per share in Q1 2026.
Low share count: Basic shares outstanding remained flat at about 4.59 million, supporting per-share earnings.
Revenue trend is mixed: Q1 2026 revenue of $2.87 million was below several prior quarters, suggesting limited top-line acceleration.
Balance sheet classification oddity: Reported total noncurrent assets were shown as $0 in Q1 2026 data, which appears unusual and may reflect reporting format issues in the source data.
Dividend payments are a major cash outflow: Q1 2026 dividends consumed $1.15 million, far more than operating cash generated in the quarter.
Working capital pressure remains a swing factor: Changes in operating assets and liabilities reduced operating cash flow by $224.7 thousand in Q1 2026.

Overall, United-Guardian appears to be in good financial health, with a clean balance sheet and reliable profits. The stock’s investment appeal likely depends on whether investors want a steady dividend name with limited growth, rather than a business with rapidly expanding sales.

07/18/26 12:26 PM ETAI Generated. May Contain Errors.

United-Guardian Financials - Frequently Asked Questions

According to the most recent income statement we have on file, United-Guardian's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

United-Guardian's net income appears to be on a downward trend, with a most recent value of $2.11 million in 2025, falling from $4.61 million in 2015. The previous period was $3.25 million in 2024. See where experts think United-Guardian is headed by visiting United-Guardian's forecast page.

United-Guardian's total operating income in 2025 was $2.24 million, based on the following breakdown:

Total Gross Profit: $5.14 million
Total Operating Expenses: $2.90 million

Over the last 10 years, United-Guardian's total revenue changed from $14.01 million in 2015 to $10.55 million in 2025, a change of -24.7%.

United-Guardian's total liabilities were at $1.88 million at the end of 2025, a 2.0% decrease from 2024, and a 69.6% increase since 2015.

In the past 10 years, United-Guardian's cash and equivalents has ranged from $424.30 thousand in 2016 to $8.24 million in 2023, and is currently $1.25 million as of their latest financial filing in 2025.

Over the last 10 years, United-Guardian's book value per share changed from 3.17 in 2015 to 2.44 in 2025, a change of -22.9%.

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Financial statements for NASDAQ:UG last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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United-Guardian (UG) Financials

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