What is Uniti Group's operating income?

Uniti Group's total operating income in 2024 was $587.24 million, based on the following breakdown: Total Gross Profit: $1.17 billion Total Operating Expenses: $579.69 million

Uniti Group (UNIT) Financials

$11.11 +0.15 (+1.36%)

As of 11:23 AM Eastern

Compare

Annual Income Statements for Uniti Group

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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
Net Income / (Loss) Attributable to Common Shareholders	-5.50	-17	7.99	8.38	-707	123	-9.43	-83	91
Consolidated Net Income / (Loss)	-0.21	-8.83	17	11	-719	125	-8.12	-82	93
Net Income / (Loss) Continuing Operations	-0.21	-8.83	17	11	-719	125	-8.12	-82	93
Total Pre-Tax Income	0.31	-48	11	16	-734	118	-28	-153	76
Total Operating Income	276	258	331	406	-237	564	349	359	587
Total Gross Profit	770	916	1,018	1,058	1,067	1,101	1,129	1,150	1,167
Total Revenue	770	916	1,018	1,058	1,067	1,101	1,129	1,150	1,167
Operating Revenue	770	-	-	-	1,067	1,101	1,129	1,150	1,167
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	495	658	687	652	1,304	536	780	790	580
Selling, General & Admin Expense	35	72	85	103	105	101	101	103	105
Depreciation Expense	376	434	452	406	329	291	293	311	315
Other Operating Expenses / (Income)	83	151	150	172	149	173	146	173	160
Impairment Charge	-	-	0.00	0.00	71	0.00	241	204	0.00
Other Special Charges / (Income)	-	0.00	0.00	-29	650	-29	-0.18	0.00	0.00
Total Other Income / (Expense), net	-275	-306	-320	-390	-497	-446	-377	-512	-511
Interest Expense	275	306	320	390	497	446	377	512	511
Income Tax Expense	0.52	-39	-5.42	4.66	-15	-4.92	-17	-68	-18
Other Gains / (Losses), net	-	-	-	-	0.10	2.10	2.37	2.66	0.00
Preferred Stock Dividends Declared	3.73	5.60	5.60	1.65	0.01	0.01	0.02	0.02	0.02
Net Income / (Loss) Attributable to Noncontrolling Interest	1.56	2.12	2.95	0.88	-11	2.16	1.29	1.17	2.11
Basic Earnings per Share	($0.04)	($0.10)	$0.05	$0.04	($3.47)	$0.53	($0.04)	($0.35)	$0.38
Weighted Average Basic Shares Outstanding	152.47M	168.69M	176.17M	187.36M	203.60M	232.89M	235.57M	236.40M	237.31M
Diluted Earnings per Share	($0.04)	($0.13)	$0.04	$0.04	($3.47)	$0.51	($0.04)	($0.35)	$0.38
Weighted Average Diluted Shares Outstanding	152.47M	168.99M	177.07M	187.36M	203.60M	264.08M	235.57M	236.40M	237.31M
Weighted Average Basic & Diluted Shares Outstanding	155.79M	175.43M	183.10M	193.26M	232.90M	236.33M	237.25M	238.75M	244.23M
Cash Dividends to Common per Share	$2.40	$2.40	$2.40	$0.22	$0.60	$0.45	$0.75	$0.45	$0.45

This table shows Uniti Group'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
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
Net Income / (Loss) Attributable to Common Shareholders	-119	30	41	18	12	21	12	-11
Consolidated Net Income / (Loss)	-119	31	41	18	12	22	12	-11
Net Income / (Loss) Continuing Operations	-119	31	41	18	12	22	12	-11
Total Pre-Tax Income	-176	24	36	16	6.30	18	7.70	-17
Total Operating Income	-55	148	159	143	137	148	146	144
Total Gross Profit	291	286	286	295	292	293	294	301
Total Revenue	291	286	286	295	292	293	294	301
Operating Revenue	291	286	286	295	292	293	294	301
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Operating Expenses	346	138	127	152	155	146	148	157
Selling, General & Admin Expense	25	25	28	26	27	24	28	28
Depreciation Expense	77	79	77	78	79	80	80	80
Other Operating Expenses / (Income)	39	34	22	48	49	22	40	49
Total Other Income / (Expense), net	-121	-123	-123	-127	-131	-130	-138	-161
Interest Expense	121	123	123	127	131	130	138	161
Income Tax Expense	-56	-5.58	-5.36	-2.57	-5.94	-3.69	-4.52	-6.18
Preferred Stock Dividends Declared	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Net Income / (Loss) Attributable to Noncontrolling Interest	0.27	0.33	0.46	0.73	0.34	0.59	0.34	0.00
Basic Earnings per Share	($0.50)	$0.12	$0.17	$0.07	$0.05	$0.09	$0.05	($0.04)
Weighted Average Basic Shares Outstanding	236.53M	236.40M	236.90M	237.35M	237.48M	237.31M	238.06M	238.57M
Diluted Earnings per Share	($0.50)	$0.12	$0.16	$0.07	$0.05	$0.10	$0.05	($0.04)
Weighted Average Diluted Shares Outstanding	236.53M	236.40M	292.41M	237.35M	237.48M	237.31M	238.06M	238.57M
Weighted Average Basic & Diluted Shares Outstanding	238.67M	238.75M	240.26M	244.15M	244.11M	244.23M	245.45M	246.19M

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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
Net Change in Cash & Equivalents	29	-112	-22	105	-65	-19	-15	18	122
Net Cash From Operating Activities	376	405	473	617	157	499	460	353	367
Net Cash From Continuing Operating Activities	376	405	473	617	157	499	460	353	367
Net Income / (Loss) Continuing Operations	-0.21	-8.83	17	11	-719	125	-8.12	-82	93
Consolidated Net Income / (Loss)	-0.21	-8.83	17	11	-719	125	-8.12	-82	93
Depreciation Expense	376	434	452	406	329	291	293	311	315
Amortization Expense	16	23	25	43	37	18	18	18	23
Non-Cash Adjustments To Reconcile Net Income	-12	-6.55	16	-9.70	71	5.36	206	217	-29
Changes in Operating Assets and Liabilities, net	-4.26	-37	-36	167	438	60	-49	-111	-36
Net Cash From Investing Activities	-535	-1,019	-481	-545	1.39	-321	-392	-411	-272
Net Cash From Continuing Investing Activities	-535	-1,019	-481	-545	1.39	-321	-392	-411	-272
Purchase of Property, Plant & Equipment	-35	-166	-424	-350	-317	-386	-428	-417	-355
Sale of Property, Plant & Equipment	-	0.00	0.00	130	0.00	2.52	1.82	3.15	2.40
Divestitures	-	-	-	-	0.00	0.00	33	0.00	40
Other Investing Activities, net	-12	-22	0.00	6.40	392	62	1.21	2.55	40
Net Cash From Financing Activities	189	502	-14	33	-224	-197	-83	77	27
Net Cash From Continuing Financing Activities	189	502	-14	33	-224	-197	-83	77	27
Repayment of Debt	-685	-615	-161	-275	-2,731	-2,544	-396	-2,821	-477
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-0.52	-0.06	0.00
Payment of Dividends	-368	-403	-436	-142	-138	-143	-148	-107	-109
Issuance of Debt	1,190	1,046	500	484	2,420	2,690	487	3,106	714
Issuance of Common Equity	54	499	0.00	52	245	0.67	0.59	0.73	0.66
Other Financing Activities, net	-2.36	-25	83	-87	-21	-200	-26	-102	-102

This table details how cash moves in and out of Uniti Group'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
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
Net Change in Cash & Equivalents	-4.03	28	-12	81	-78	130	-54	168
Net Cash From Operating Activities	-9.26	163	6.19	168	6.74	186	8.57	175
Net Cash From Continuing Operating Activities	-9.26	163	6.19	168	6.74	186	8.57	175
Net Income / (Loss) Continuing Operations	-119	31	41	18	12	22	12	-11
Consolidated Net Income / (Loss)	-119	31	41	18	12	22	12	-11
Depreciation Expense	77	79	77	78	79	80	80	80
Amortization Expense	-5.06	33	-3.79	-1.58	-1.50	30	-1.34	1.02
Non-Cash Adjustments To Reconcile Net Income	208	-35	-15	4.90	5.34	-24	14	37
Changes in Operating Assets and Liabilities, net	-171	55	-93	68	-89	78	-96	68
Net Cash From Investing Activities	-119	-46	-88	-95	-65	-25	-208	-38
Net Cash From Continuing Investing Activities	-119	-46	-88	-95	-65	-25	-208	-38
Purchase of Property, Plant & Equipment	-121	-49	-168	-95	-65	-27	-208	-38
Sale of Property, Plant & Equipment	0.41	1.57	0.34	0.09	0.09	1.87	0.41	0.21
Net Cash From Financing Activities	124	-88	70	7.30	-20	-30	146	31
Net Cash From Continuing Financing Activities	124	-88	70	7.30	-20	-30	146	31
Repayment of Debt	-20	-119	-223	-249	-	-5.00	-456	-543
Payment of Dividends	-36	-0.01	-36	-73	-	-0.01	-0.08	-0.01
Issuance of Debt	205	56	355	354	5.00	-	629	600
Other Financing Activities, net	-25	-25	-27	-25	-25	-25	-27	-26

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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
Total Assets	2,572	2,543	3,319	4,330	4,593	5,017	4,732	4,809	4,851	5,025	5,282
Total Current Assets	0.00	156	216	157	235	223	140	97	86	137	235
Cash & Equivalents	-	142	172	60	38	143	78	59	44	62	156
Restricted Cash	-	-	-	-	-	-	-	-	-	0.00	28
Accounts Receivable	-	14	44	91	166	80	63	38	43	46	51
Plant, Property, & Equipment, net	2,572	2,375	2,670	3,054	3,209	3,410	3,273	0.00	0.00	3,982	4,210
Total Noncurrent Assets	0.00	12	433	1,119	1,149	1,384	1,318	4,712	4,765	906	837
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	89	125	127
Goodwill	-	0.00	262	674	692	691	602	602	361	157	157
Intangible Assets	-	11	161	429	433	532	391	365	335	305	275
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	12	41	109	128
Other Noncurrent Operating Assets	-	0.97	9.67	16	24	162	259	3,669	3,901	209	150
Total Liabilities & Shareholders' Equity	2,572	2,543	3,319	4,330	4,593	5,017	4,732	4,809	4,851	5,025	5,282
Total Liabilities	0.00	3,710	4,641	5,454	6,000	6,500	6,804	6,923	7,122	7,509	7,734
Total Current Liabilities	0.00	199	431	859	1,046	1,394	1,296	1,332	1,434	1,563	1,635
Accounts Payable	-	10	41	78	94	227	146	87	122	119	90
Dividends Payable	-	91	95	110	114	43	37	1.26	0.00	36	0.67
Current Deferred Revenue	-	68	261	538	726	1,071	995	1,134	1,190	1,274	1,401
Other Current Nonoperating Liabilities	-	24	28	29	28	0.00	95	110	-	134	144
Total Noncurrent Liabilities	0.00	3,511	4,210	4,595	4,954	5,054	5,508	5,591	5,689	5,946	6,099
Long-Term Debt	-	3,505	4,028	4,483	4,846	5,018	4,817	5,091	5,189	5,524	5,784
Other Noncurrent Operating Liabilities	-	0.00	99	-	-	12	625	500	434	422	315
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,572	-1,167	-1,402	-1,207	-1,493	-1,483	-2,072	-2,114	-2,271	-2,484	-2,452
Total Preferred & Common Equity	2,572	-1,167	-1,402	-1,309	-1,586	-1,567	-2,142	-2,128	-2,274	-2,486	-2,452
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.13	0.13	0.25	0.25	0.25
Total Common Equity	2,572	-1,167	-1,402	-1,309	-1,586	-1,567	-2,142	-2,128	-2,274	-2,486	-2,452
Common Stock	-	1.41	141	644	758	951	1,209	1,215	1,210	1,222	1,236
Accumulated Other Comprehensive Income / (Loss)	-	-5.43	-6.37	7.82	30	-23	-20	-9.16	-	0.00	-0.63
Other Equity Adjustments	2,572	-	-	-	-	-2,495	-3,330	-3,333	-3,484	-3,708	-3,688
Noncontrolling Interest	-	-	0.00	101	92	84	69	14	2.12	2.02	0.28

This table presents Uniti Group'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
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	4,981	4,985	5,119	5,099	5,292	5,544
Total Current Assets	81	99	190	105	174	339
Cash & Equivalents	34	43	119	34	92	241
Restricted Cash	-	7.68	13	19	38	58
Accounts Receivable	47	49	57	52	44	41
Plant, Property, & Equipment, net	3,962	4,042	4,093	4,157	4,282	4,367
Total Noncurrent Assets	938	843	837	837	836	837
Noncurrent Note & Lease Receivables	-	-	-	-	126	128
Goodwill	208	157	157	157	157	157
Intangible Assets	313	298	290	283	268	261
Noncurrent Deferred & Refundable Income Taxes	91	115	118	124	133	137
Other Noncurrent Operating Assets	289	273	271	273	151	155
Total Liabilities & Shareholders' Equity	4,981	4,985	5,119	5,099	5,292	5,544
Total Liabilities	7,426	7,462	7,612	7,575	7,730	7,988
Total Current Liabilities	1,399	1,547	1,473	1,452	1,471	1,652
Accounts Payable	134	90	87	96	80	88
Dividends Payable	0.07	37	1.13	0.00	0.28	0.00
Current Deferred Revenue	1,214	1,227	1,242	1,300	1,334	1,431
Other Current Nonoperating Liabilities	51	52	142	57	57	133
Total Noncurrent Liabilities	6,027	5,915	6,139	6,123	6,258	6,335
Long-Term Debt	5,582	5,661	5,772	5,783	5,970	6,065
Other Noncurrent Operating Liabilities	445	254	367	340	288	271
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-2,444	-2,477	-2,492	-2,476	-2,437	-2,444
Total Preferred & Common Equity	-2,447	-2,480	-2,493	-2,477	-2,438	-2,444
Preferred Stock	0.25	0.25	0.25	0.25	0.25	0.25
Total Common Equity	-2,447	-2,480	-2,493	-2,477	-2,438	-2,444
Common Stock	1,219	1,224	1,229	1,232	1,238	1,242
Accumulated Other Comprehensive Income / (Loss)	-	-0.17	0.14	-0.82	-0.52	-0.17
Other Equity Adjustments	-3,666	-3,704	-3,722	-3,709	-3,675	-3,686
Noncontrolling Interest	2.04	2.02	0.72	0.72	0.00	0.00

This table displays calculated financial ratios and metrics derived from Uniti Group's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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
DEI Shares Outstanding	155,789,510.00	175,462,901.00	178,981,185.00	193,275,587.00	232,749,009.00	236,070,969.00	237,200,050.00	238,672,102.00	244,114,544.00
DEI Adjusted Shares Outstanding	155,789,510.00	175,462,901.00	178,981,185.00	193,275,587.00	232,749,009.00	236,070,969.00	237,200,050.00	238,672,102.00	244,114,544.00
DEI Earnings Per Adjusted Shares Outstanding	-0.04	-0.09	0.04	0.04	-3.04	0.52	-0.04	-0.35	0.37
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	18.90%	11.09%	3.93%	0.89%	3.14%	2.57%	1.86%	1.49%
EBITDA Growth	0.00%	7.18%	12.78%	5.84%	-84.85%	574.86%	-24.42%	4.33%	34.32%
EBIT Growth	0.00%	-6.30%	28.03%	22.67%	-158.42%	338.00%	-38.13%	3.01%	63.37%
NOPAT Growth	0.00%	194.36%	172.02%	-42.22%	-158.37%	454.20%	-58.43%	3.01%	187.37%
Net Income Growth	0.00%	-4,064.15%	287.42%	-34.07%	-6,689.77%	117.35%	-106.51%	-906.51%	214.29%
EPS Growth	0.00%	-225.00%	130.77%	0.00%	-8,775.00%	114.70%	-107.84%	-775.00%	208.57%
Operating Cash Flow Growth	0.00%	7.79%	16.67%	30.49%	-74.52%	217.46%	-7.82%	-23.25%	3.84%
Free Cash Flow Firm Growth	0.00%	0.00%	164.36%	1.99%	35.17%	-22.95%	-25.22%	-98.13%	9,929.84%
Invested Capital Growth	0.00%	28.85%	3.00%	-3.08%	-20.06%	6.32%	-2.13%	8.47%	4.61%
Revenue Q/Q Growth	0.00%	4.50%	2.46%	-0.21%	0.64%	1.64%	-0.81%	0.17%	0.66%
EBITDA Q/Q Growth	0.00%	3.40%	2.27%	-1.73%	-30.44%	17.30%	-5.49%	4.38%	-0.24%
EBIT Q/Q Growth	0.00%	2.24%	8.17%	-2.46%	-16.40%	24.18%	-10.95%	8.33%	0.00%
NOPAT Q/Q Growth	0.00%	2.24%	129.84%	-13.29%	-16.40%	5.35%	-10.95%	8.33%	-0.36%
Net Income Q/Q Growth	0.00%	75.47%	-32.90%	-70.48%	-5.32%	203.17%	38.43%	-14.38%	-8.92%
EPS Q/Q Growth	0.00%	58.06%	-63.64%	-77.78%	0.86%	64.52%	50.00%	-29.63%	-5.00%
Operating Cash Flow Q/Q Growth	0.00%	-1.92%	1.15%	-2.79%	-6.41%	25.49%	6.78%	-3.41%	6.71%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	320.68%	9.61%	-13.53%	-20.17%	80.92%	-67.49%	8.47%
Invested Capital Q/Q Growth	0.00%	2.00%	1.45%	-0.76%	1.21%	5.97%	-0.02%	0.99%	-0.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	86.66%	78.12%	79.31%	80.77%	12.12%	79.33%	58.46%	59.88%	79.25%
Operating Margin	35.79%	28.20%	32.50%	38.36%	-22.21%	51.25%	30.91%	31.26%	50.32%
EBIT Margin	35.79%	28.20%	32.50%	38.36%	-22.21%	51.25%	30.91%	31.26%	50.32%
Profit (Net Income) Margin	-0.03%	-0.96%	1.63%	1.03%	-67.37%	11.34%	-0.72%	-7.11%	8.01%
Tax Burden Percent	-69.51%	18.52%	148.73%	70.05%	97.92%	105.96%	29.16%	53.47%	123.14%
Interest Burden Percent	0.11%	-18.46%	3.36%	3.84%	309.77%	20.87%	-7.98%	-42.53%	12.92%
Effective Tax Rate	169.51%	0.00%	-48.73%	29.95%	0.00%	-4.18%	0.00%	0.00%	-23.14%
Return on Invested Capital (ROIC)	-7.07%	5.83%	13.87%	8.02%	-5.29%	20.43%	8.33%	8.32%	22.46%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.32%	1.44%	3.99%	2.54%	-16.53%	11.11%	3.40%	2.15%	11.39%
Return on Net Nonoperating Assets (RNNOA)	7.08%	-5.11%	-15.18%	-8.78%	45.72%	-26.39%	-7.96%	-4.88%	-26.24%
Return on Equity (ROE)	0.02%	0.72%	-1.31%	-0.75%	40.43%	-5.96%	0.37%	3.44%	-3.79%
Cash Return on Invested Capital (CROIC)	0.00%	-19.39%	10.92%	11.14%	17.01%	14.30%	10.48%	0.19%	17.95%
Operating Return on Assets (OROA)	9.41%	6.75%	7.41%	8.44%	-4.86%	11.82%	7.22%	7.28%	11.39%
Return on Assets (ROA)	-0.01%	-0.23%	0.37%	0.23%	-14.75%	2.61%	-0.17%	-1.66%	1.81%
Return on Common Equity (ROCE)	0.02%	0.80%	-1.50%	-0.82%	42.17%	-6.08%	0.37%	3.44%	-3.79%
Return on Equity Simple (ROE_SIMPLE)	0.02%	0.67%	-1.04%	-0.70%	33.56%	-5.86%	0.36%	3.29%	-3.81%
Net Operating Profit after Tax (NOPAT)	-192	181	492	284	-166	588	244	252	723
NOPAT Margin	-24.87%	19.74%	48.34%	26.87%	-15.55%	53.39%	21.64%	21.88%	61.97%
Net Nonoperating Expense Percent (NNEP)	-4.75%	4.38%	9.88%	5.48%	11.25%	9.31%	4.92%	6.17%	11.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	8.19%	8.28%	21.70%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	4.60%	7.86%	8.37%	9.73%	9.84%	9.19%	8.95%	8.93%	9.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.21%	71.80%	67.50%	61.64%	122.21%	48.75%	69.09%	68.74%	49.68%
Earnings before Interest and Taxes (EBIT)	276	258	331	406	-237	564	349	359	587
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	668	716	807	854	129	873	660	688	925
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.56	1.91	1.76	1.01	1.85	2.29	0.95	1.11	1.15
Price to Earnings (P/E)	0.00	0.00	224.38	127.12	0.00	20.53	0.00	0.00	14.70
Dividend Yield	18.98%	24.01%	23.96%	6.71%	9.67%	5.63%	13.33%	11.19%	10.91%
Earnings Yield	0.00%	0.00%	0.45%	0.79%	0.00%	4.87%	0.00%	0.00%	6.80%
Enterprise Value to Invested Capital (EV/IC)	2.20	1.84	1.90	1.73	2.41	2.53	2.15	2.14	2.11
Enterprise Value to Revenue (EV/Rev)	7.74	7.01	6.72	5.70	6.29	6.81	5.53	5.86	5.95
Enterprise Value to EBITDA (EV/EBITDA)	8.93	8.97	8.47	7.05	51.91	8.59	9.46	9.79	7.51
Enterprise Value to EBIT (EV/EBIT)	21.62	24.85	20.67	14.85	0.00	13.29	17.89	18.76	11.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	35.49	13.90	21.20	0.00	12.76	25.56	26.80	9.60
Enterprise Value to Operating Cash Flow (EV/OCF)	15.85	15.84	14.46	9.76	42.72	15.02	13.57	19.10	18.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	17.66	15.26	12.58	18.23	20.30	1,170.16	12.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.09	-4.04	-3.48	-3.38	-2.32	-2.41	-2.31	-2.22	-2.36
Long-Term Debt to Equity	-3.09	-4.04	-3.48	-3.38	-2.32	-2.41	-2.31	-2.22	-2.36
Financial Leverage	-3.05	-3.54	-3.80	-3.45	-2.77	-2.37	-2.34	-2.27	-2.30
Leverage Ratio	-2.36	-3.13	-3.53	-3.33	-2.74	-2.28	-2.20	-2.08	-2.09
Compound Leverage Factor	0.00	0.58	-0.12	-0.13	-8.49	-0.48	0.18	0.88	-0.27
Debt to Total Capital	147.88%	132.90%	140.25%	141.96%	175.52%	171.01%	176.11%	181.73%	173.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	147.88%	132.90%	140.25%	141.96%	175.52%	171.01%	176.11%	181.73%	173.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	2.92%	5.41%	5.12%	2.37%	2.52%	0.47%	0.07%	0.07%	0.01%
Common Equity to Total Capital	-50.80%	-38.31%	-45.37%	-44.33%	-78.04%	-71.48%	-76.19%	-81.80%	-73.61%
Debt to EBITDA	6.11	6.34	6.07	5.87	37.23	5.83	7.96	8.02	6.25
Net Debt to EBITDA	5.86	6.26	6.03	5.71	36.12	5.69	7.84	7.93	6.06
Long-Term Debt to EBITDA	6.11	6.34	6.07	5.87	37.23	5.83	7.96	8.02	6.25
Debt to NOPAT	-21.31	25.10	9.96	17.66	-29.03	8.66	21.51	21.95	8.00
Net Debt to NOPAT	-20.41	24.77	9.89	17.15	-28.17	8.45	21.18	21.70	7.74
Long-Term Debt to NOPAT	-21.31	25.10	9.96	17.66	-29.03	8.66	21.51	21.95	8.00
Altman Z-Score	0.03	-0.23	-0.30	0.30	-0.06	0.53	0.23	0.23	0.37
Noncontrolling Interest Sharing Ratio	-3.24%	-10.86%	-14.38%	-9.09%	-4.30%	-1.99%	-0.37%	-0.10%	-0.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.18	0.22	0.16	0.11	0.07	0.06	0.09	0.14
Quick Ratio	0.50	0.18	0.20	0.16	0.11	0.07	0.06	0.07	0.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-602	387	395	534	411	308	5.76	578
Operating Cash Flow to CapEx	1,077.33%	244.09%	111.63%	280.38%	49.59%	130.21%	108.07%	85.33%	104.05%
Free Cash Flow to Firm to Interest Expense	0.00	-1.97	1.21	1.01	1.07	0.92	0.82	0.01	1.13
Operating Cash Flow to Interest Expense	1.37	1.32	1.48	1.58	0.32	1.12	1.22	0.69	0.72
Operating Cash Flow Less CapEx to Interest Expense	1.24	0.78	0.15	1.02	-0.32	0.26	0.09	-0.12	0.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.24	0.23	0.22	0.22	0.23	0.23	0.23	0.23
Accounts Receivable Turnover	26.45	13.56	7.93	8.60	14.93	21.71	27.84	25.84	23.87
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.31	0.32	0.33	0.32	0.32	0.00	0.00	0.00	0.28
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	13.80	26.91	46.01	42.43	24.45	16.82	13.11	14.12	15.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	13.80	26.91	46.01	42.43	24.45	16.82	13.11	14.12	15.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	2,712	3,494	3,599	3,488	2,788	2,965	2,902	3,147	3,292
Invested Capital Turnover	0.28	0.30	0.29	0.30	0.34	0.38	0.38	0.38	0.36
Increase / (Decrease) in Invested Capital	0.00	782	105	-111	-700	176	-63	246	145
Enterprise Value (EV)	5,961	6,418	6,835	6,024	6,716	7,498	6,243	6,743	6,943
Market Capitalization	1,970	1,754	1,793	1,066	1,974	2,517	1,068	1,280	1,343
Book Value per Share	($9.00)	($7.46)	($8.86)	($8.11)	($9.20)	($9.01)	($9.59)	($10.42)	($10.05)
Tangible Book Value per Share	($11.72)	($13.74)	($15.15)	($14.43)	($13.47)	($13.11)	($12.52)	($12.36)	($11.82)
Total Capital	2,761	3,415	3,495	3,535	2,744	2,977	2,984	3,039	3,332
Total Debt	4,083	4,539	4,902	5,018	4,817	5,091	5,255	5,524	5,784
Total Long-Term Debt	4,083	4,539	4,902	5,018	4,817	5,091	5,255	5,524	5,784
Net Debt	3,911	4,479	4,863	4,875	4,673	4,967	5,173	5,461	5,600
Capital Expenditures (CapEx)	35	166	424	220	317	383	426	414	352
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-387	-762	-849	-1,314	-1,233	-1,294	-1,391	-1,488	-1,584
Debt-free Net Working Capital (DFNWC)	-215	-702	-811	-1,171	-1,156	-1,235	-1,347	-1,426	-1,400
Net Working Capital (NWC)	-215	-702	-811	-1,171	-1,156	-1,235	-1,347	-1,426	-1,400
Net Nonoperating Expense (NNE)	-191	190	475	273	553	463	252	333	630
Net Nonoperating Obligations (NNO)	4,033	4,618	5,005	4,971	4,861	5,079	5,173	5,631	5,744
Total Depreciation and Amortization (D&A)	392	457	476	449	366	309	311	329	338
Debt-free, Cash-free Net Working Capital to Revenue	-50.17%	-83.15%	-83.41%	-124.20%	-115.58%	-117.56%	-123.22%	-129.40%	-135.72%
Debt-free Net Working Capital to Revenue	-27.88%	-76.63%	-79.67%	-110.69%	-108.31%	-112.21%	-119.34%	-123.99%	-119.96%
Net Working Capital to Revenue	-27.88%	-76.63%	-79.67%	-110.69%	-108.31%	-112.21%	-119.34%	-123.99%	-119.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.10)	$0.05	$0.04	($3.47)	$0.53	($0.04)	($0.35)	$0.38
Adjusted Weighted Average Basic Shares Outstanding	152.47M	168.69M	176.17M	187.36M	203.60M	232.89M	235.57M	236.40M	237.31M
Adjusted Diluted Earnings per Share	($0.04)	($0.13)	$0.04	$0.04	($3.47)	$0.51	($0.04)	($0.35)	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	152.47M	168.99M	177.07M	187.36M	203.60M	264.08M	235.57M	236.40M	237.31M
Adjusted Basic & Diluted Earnings per Share	$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	155.79M	175.43M	183.10M	193.26M	232.90M	236.33M	237.25M	238.75M	244.23M
Normalized Net Operating Profit after Tax (NOPAT)	193	181	232	264	339	375	413	394	411
Normalized NOPAT Margin	25.05%	19.74%	22.75%	24.95%	31.75%	34.06%	36.54%	34.30%	35.23%
Pre Tax Income Margin	0.04%	-5.20%	1.09%	1.47%	-68.80%	10.70%	-2.47%	-13.30%	6.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.00	0.84	1.03	1.04	-0.48	1.26	0.93	0.70	1.15
NOPAT to Interest Expense	-0.70	0.59	1.54	0.73	-0.33	1.32	0.65	0.49	1.41
EBIT Less CapEx to Interest Expense	0.87	0.30	-0.29	0.48	-1.11	0.40	-0.20	-0.11	0.46
NOPAT Less CapEx to Interest Expense	-0.82	0.05	0.21	0.16	-0.97	0.46	-0.48	-0.32	0.72
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-173,504.72%	-4,568.06%	2,635.30%	1,299.75%	-19.20%	114.69%	-1,819.79%	-131.44%	116.22%
Augmented Payout Ratio	-173,504.72%	-4,568.06%	2,635.30%	1,299.75%	-19.20%	114.69%	-1,826.21%	-131.51%	116.22%

This table displays calculated financial ratios and metrics derived from Uniti Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
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
DEI Shares Outstanding	238,688,604.00	238,672,102.00	238,751,855.00	240,257,455.00	244,150,946.00	244,114,544.00	244,229,237.00	245,453,420.00
DEI Adjusted Shares Outstanding	238,688,604.00	238,672,102.00	238,751,855.00	240,257,455.00	244,150,946.00	244,114,544.00	244,229,237.00	245,453,420.00
DEI Earnings Per Adjusted Shares Outstanding	-0.50	0.13	0.17	0.07	0.05	0.09	0.05	-0.04
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	2.67%	0.68%	-1.17%	3.97%	0.55%	2.68%	2.62%	1.96%
EBITDA Growth	572.87%	12.50%	17.10%	3.47%	1,145.40%	-0.85%	-3.80%	2.23%
EBIT Growth	23.33%	23.04%	25.77%	2.05%	349.62%	-0.01%	-8.48%	0.48%
NOPAT Growth	23.33%	24.16%	106.45%	-1.96%	792.80%	-1.78%	26.37%	-39.55%
Net Income Growth	23.66%	-25.06%	315.23%	-28.70%	110.29%	-29.78%	-70.45%	-158.69%
EPS Growth	24.24%	-40.00%	300.00%	-36.36%	110.00%	-16.67%	-68.75%	-157.14%
Operating Cash Flow Growth	-118.33%	-7.12%	-57.49%	-9.24%	172.84%	14.19%	38.40%	4.03%
Free Cash Flow Firm Growth	-63.71%	-130.92%	-67.60%	-79.59%	129.21%	150.82%	-151.28%	-470.42%
Invested Capital Growth	7.39%	8.47%	5.51%	4.76%	6.19%	4.61%	7.41%	4.99%
Revenue Q/Q Growth	2.45%	-1.72%	0.27%	2.98%	-0.92%	0.37%	0.20%	2.32%
EBITDA Q/Q Growth	-91.86%	1,405.42%	-10.44%	-5.68%	-1.74%	19.85%	-13.11%	0.23%
EBIT Q/Q Growth	-139.20%	368.30%	7.87%	-10.06%	-4.11%	7.47%	-1.27%	-1.24%
NOPAT Q/Q Growth	-122.66%	570.60%	0.95%	-8.91%	60.10%	-33.28%	29.88%	-56.43%
Net Income Q/Q Growth	-563.75%	125.84%	34.60%	-55.79%	-33.10%	76.39%	-43.36%	-187.80%
EPS Q/Q Growth	-554.55%	124.00%	33.33%	-56.25%	-28.57%	100.00%	-50.00%	-180.00%
Operating Cash Flow Q/Q Growth	-105.00%	1,856.20%	-96.19%	2,616.45%	-95.99%	2,653.11%	-95.38%	1,941.88%
Free Cash Flow Firm Q/Q Growth	-401.68%	74.45%	122.64%	16.93%	331.69%	-55.54%	-122.85%	-744.72%
Invested Capital Q/Q Growth	-0.80%	0.99%	2.35%	2.17%	0.55%	-0.51%	5.09%	-0.13%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	5.94%	91.03%	81.31%	74.47%	73.61%	87.90%	76.23%	74.67%
Operating Margin	-18.92%	51.66%	55.58%	48.55%	46.98%	50.31%	49.57%	47.84%
EBIT Margin	-18.92%	51.66%	55.58%	48.55%	46.98%	50.31%	49.57%	47.84%
Profit (Net Income) Margin	-40.91%	10.75%	14.44%	6.20%	4.18%	7.35%	4.16%	-3.57%
Tax Burden Percent	67.67%	125.53%	114.90%	116.37%	194.28%	120.61%	158.66%	63.46%
Interest Burden Percent	319.42%	16.58%	22.60%	10.97%	4.58%	12.12%	5.29%	-11.75%
Effective Tax Rate	0.00%	-22.78%	-14.90%	-16.37%	-94.28%	-20.61%	-58.66%	0.00%
Return on Invested Capital (ROIC)	-5.05%	24.12%	23.34%	20.33%	32.93%	21.99%	27.65%	11.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.55%	21.33%	20.78%	17.70%	28.45%	19.24%	23.87%	9.81%
Return on Net Nonoperating Assets (RNNOA)	14.94%	-48.46%	-47.94%	-41.30%	-65.59%	-44.34%	-56.33%	-23.22%
Return on Equity (ROE)	9.88%	-24.35%	-24.60%	-20.97%	-32.66%	-22.35%	-28.68%	-11.50%
Cash Return on Invested Capital (CROIC)	0.59%	0.19%	3.38%	3.95%	16.59%	17.95%	16.06%	35.26%
Operating Return on Assets (OROA)	-4.44%	12.03%	12.78%	11.07%	10.81%	11.39%	11.33%	10.59%
Return on Assets (ROA)	-9.59%	2.50%	3.32%	1.41%	0.96%	1.67%	0.95%	-0.79%
Return on Common Equity (ROCE)	9.89%	-24.37%	-24.62%	-20.98%	-32.68%	-22.36%	-28.69%	-11.50%
Return on Equity Simple (ROE_SIMPLE)	2.92%	0.00%	0.85%	0.00%	-4.14%	0.00%	-2.64%	0.00%
Net Operating Profit after Tax (NOPAT)	-39	181	183	167	267	178	231	101
NOPAT Margin	-13.25%	63.43%	63.87%	56.49%	91.28%	60.67%	78.65%	33.49%
Net Nonoperating Expense Percent (NNEP)	1.50%	2.79%	2.56%	2.64%	4.49%	2.75%	3.78%	1.91%
Return On Investment Capital (ROIC_SIMPLE)	-	5.96%	5.75%	5.08%	-	5.34%	6.54%	2.78%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.77%	8.89%	9.82%	8.72%	9.14%	8.34%	9.63%	9.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	118.92%	48.34%	44.42%	51.45%	53.02%	49.69%	50.43%	52.16%
Earnings before Interest and Taxes (EBIT)	-55	148	159	143	137	148	146	144
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	260	233	220	215	258	224	225
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.89	1.11	0.00	0.61	1.19	1.15	1.05	0.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	13.67	14.70	19.76	31.17
Dividend Yield	14.07%	11.19%	10.68%	20.55%	10.64%	10.91%	11.90%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	7.31%	6.80%	5.06%	3.21%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.14	0.00	1.93	2.15	2.11	2.04	1.98
Enterprise Value to Revenue (EV/Rev)	5.69	5.86	0.00	5.48	6.13	5.95	6.02	5.78
Enterprise Value to EBITDA (EV/EBITDA)	9.90	9.79	0.00	8.69	7.67	7.51	7.72	7.41
Enterprise Value to EBIT (EV/EBIT)	19.68	18.76	0.00	16.06	12.10	11.82	12.33	11.88
Enterprise Value to NOPAT (EV/NOPAT)	28.12	26.80	0.00	22.94	9.79	9.60	9.12	5.04
Enterprise Value to Operating Cash Flow (EV/OCF)	17.86	19.10	0.00	19.36	20.68	18.93	19.16	18.16
Enterprise Value to Free Cash Flow (EV/FCFF)	368.42	1,170.16	0.00	49.95	13.34	12.01	13.18	5.74
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	-2.28	-2.22	-2.28	-2.32	-2.34	-2.36	-2.45	-2.48
Long-Term Debt to Equity	-2.28	-2.22	-2.28	-2.32	-2.34	-2.36	-2.45	-2.48
Financial Leverage	-2.28	-2.27	-2.31	-2.33	-2.31	-2.30	-2.36	-2.37
Leverage Ratio	-2.08	-2.08	-2.08	-2.11	-2.05	-2.09	-2.09	-2.16
Compound Leverage Factor	-6.65	-0.34	-0.47	-0.23	-0.09	-0.25	-0.11	0.25
Debt to Total Capital	177.91%	181.73%	177.83%	176.00%	174.90%	173.59%	168.99%	167.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	177.91%	181.73%	177.83%	176.00%	174.90%	173.59%	168.99%	167.50%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.07%	0.07%	0.06%	0.02%	0.02%	0.01%	0.00%	0.00%
Common Equity to Total Capital	-77.98%	-81.80%	-77.90%	-76.03%	-74.93%	-73.61%	-69.00%	-67.51%
Debt to EBITDA	8.46	8.02	7.83	7.91	6.24	6.25	6.52	6.59
Net Debt to EBITDA	8.35	7.93	7.76	7.73	6.18	6.06	6.38	6.26
Long-Term Debt to EBITDA	8.46	8.02	7.83	7.91	6.24	6.25	6.52	6.59
Debt to NOPAT	24.03	21.95	20.63	20.88	7.97	8.00	7.70	4.48
Net Debt to NOPAT	23.72	21.70	20.44	20.40	7.89	7.74	7.53	4.26
Long-Term Debt to NOPAT	24.03	21.95	20.63	20.88	7.97	8.00	7.70	4.48
Altman Z-Score	-0.04	0.09	0.00	0.07	0.11	0.10	0.11	0.09
Noncontrolling Interest Sharing Ratio	-0.10%	-0.10%	-0.10%	-0.07%	-0.07%	-0.06%	-0.05%	-0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.06	0.09	0.06	0.13	0.07	0.14	0.12	0.21
Quick Ratio	0.06	0.07	0.06	0.12	0.06	0.13	0.09	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-253	-65	15	17	74	33	-7.51	-63
Operating Cash Flow to CapEx	-7.68%	344.59%	3.69%	177.51%	10.39%	736.48%	4.13%	461.15%
Free Cash Flow to Firm to Interest Expense	-2.10	-0.53	0.12	0.13	0.56	0.25	-0.05	-0.39
Operating Cash Flow to Interest Expense	-0.08	1.32	0.05	1.32	0.05	1.43	0.06	1.09
Operating Cash Flow Less CapEx to Interest Expense	-1.08	0.94	-1.31	0.58	-0.44	1.24	-1.44	0.85
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.22
Accounts Receivable Turnover	15.28	25.84	22.44	23.23	23.56	23.87	25.44	24.25
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.30	0.00	0.00	0.00	0.29	0.28	0.28	0.28
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	23.89	14.12	16.27	15.71	15.50	15.29	14.35	15.05
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	23.89	14.12	16.27	15.71	15.50	15.29	14.35	15.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	3,117	3,147	3,221	3,291	3,310	3,292	3,460	3,455
Invested Capital Turnover	0.38	0.38	0.37	0.36	0.36	0.36	0.35	0.35
Increase / (Decrease) in Invested Capital	215	246	168	149	193	145	239	164
Enterprise Value (EV)	6,530	6,743	0.00	6,343	7,107	6,943	7,071	6,827
Market Capitalization	1,018	1,280	0.00	702	1,377	1,343	1,231	1,060
Book Value per Share	($10.25)	($10.42)	($10.47)	($10.38)	($10.15)	($10.05)	($10.24)	($9.96)
Tangible Book Value per Share	($12.43)	($12.36)	($12.39)	($12.24)	($11.95)	($11.82)	($12.03)	($11.66)
Total Capital	3,138	3,039	3,183	3,279	3,306	3,332	3,533	3,621
Total Debt	5,582	5,524	5,661	5,772	5,783	5,784	5,970	6,065
Total Long-Term Debt	5,582	5,524	5,661	5,772	5,783	5,784	5,970	6,065
Net Debt	5,510	5,461	5,610	5,640	5,729	5,600	5,840	5,766
Capital Expenditures (CapEx)	121	47	168	95	65	25	208	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,352	-1,488	-1,499	-1,414	-1,400	-1,584	-1,428	-1,612
Debt-free Net Working Capital (DFNWC)	-1,318	-1,426	-1,448	-1,283	-1,347	-1,400	-1,297	-1,313
Net Working Capital (NWC)	-1,318	-1,426	-1,448	-1,283	-1,347	-1,400	-1,297	-1,313
Net Nonoperating Expense (NNE)	80	150	142	148	255	156	219	111
Net Nonoperating Obligations (NNO)	5,561	5,631	5,699	5,784	5,786	5,744	5,897	5,899
Total Depreciation and Amortization (D&A)	72	112	74	76	78	110	78	81
Debt-free, Cash-free Net Working Capital to Revenue	-117.80%	-129.40%	-130.74%	-122.17%	-120.79%	-135.72%	-121.57%	-136.55%
Debt-free Net Working Capital to Revenue	-114.83%	-123.99%	-126.31%	-110.81%	-116.19%	-119.96%	-110.47%	-111.25%
Net Working Capital to Revenue	-114.83%	-123.99%	-126.31%	-110.81%	-116.19%	-119.96%	-110.47%	-111.25%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.34)	$0.12	$0.17	$0.07	$0.05	$0.09	$0.05	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	236.53M	236.40M	236.90M	237.35M	237.48M	237.31M	238.06M	238.57M
Adjusted Diluted Earnings per Share	($0.34)	$0.12	$0.16	$0.07	$0.05	$0.10	$0.05	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	236.53M	236.40M	292.41M	237.35M	237.48M	237.31M	238.06M	238.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	238.67M	238.75M	240.26M	244.15M	244.11M	244.23M	245.45M	246.19M
Normalized Net Operating Profit after Tax (NOPAT)	104	103	111	100	96	103	102	101
Normalized NOPAT Margin	35.88%	36.16%	38.91%	33.98%	32.89%	35.21%	34.70%	33.49%
Pre Tax Income Margin	-60.45%	8.57%	12.56%	5.33%	2.15%	6.10%	2.62%	-5.62%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.46	1.20	1.29	1.12	1.05	1.14	1.06	0.89
NOPAT to Interest Expense	-0.32	1.47	1.48	1.31	2.04	1.37	1.68	0.63
EBIT Less CapEx to Interest Expense	-1.45	0.82	-0.07	0.38	0.55	0.94	-0.45	0.66
NOPAT Less CapEx to Interest Expense	-1.32	1.09	0.12	0.56	1.54	1.18	0.17	0.39
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-200.14%	-131.44%	-676.07%	-505.84%	105.85%	116.22%	113.29%	0.28%
Augmented Payout Ratio	-200.95%	-131.51%	-676.07%	-505.84%	105.85%	116.22%	113.29%	0.28%

Financials Breakdown Chart

Key Financial Trends

Uniti Group’s latest quarterly results show a business that still generates solid operating cash flow, but earnings remain under pressure from heavy interest expense and a highly leveraged balance sheet. In Q2 2025, revenue was essentially flat year over year, operating income held up well, but net income turned negative because interest expense far exceeded operating profit. At the same time, the company improved liquidity and generated strong cash from operations, helped by favorable working capital changes and a large debt issuance.

Operating cash flow improved sharply in Q2 2025. Net cash from operating activities rose to $174.9 million, up from $8.6 million in Q1 2025 and $168.1 million in Q2 2024.
Revenue remained stable. Q2 2025 revenue was $300.7 million, up modestly from $293.9 million in Q1 2025 and $295.0 million in Q2 2024, suggesting steady top-line demand.
Operating income stayed healthy. Q2 2025 operating income was $143.9 million, showing the core business still produces meaningful earnings before interest.
Cash and equivalents increased materially. Cash and equivalents climbed to $240.7 million at the end of Q2 2025 from $92.0 million at the end of Q1 2025.
Liquidity improved through financing activity. Uniti issued $600.0 million of debt in Q2 2025, which helped offset debt repayments and supported the cash balance.

Margins look broadly stable on the operating side. SG&A and depreciation were in line with recent quarters, and operating income remained close to prior levels.
Working capital was a major driver of cash flow. Changes in operating assets and liabilities added $68.1 million to operating cash flow in Q2 2025, which may not be as repeatable as core earnings.
Capital spending remained moderate. The company spent $38.1 million on property, plant and equipment in Q2 2025, below the $208.1 million spent in Q1 2025.
Shares outstanding stayed near prior levels. Diluted share count was flat at 238.6 million in Q2 2025, so there was no major dilution this quarter.

Net income turned negative in Q2 2025. The company reported a loss of $10.7 million, compared with profit of $12.2 million in Q1 2025 and a small profit in Q2 2024.
Interest expense remains the biggest drag on profitability. Q2 2025 interest expense was $160.8 million, exceeding operating income and pushing pre-tax income into the red.
Leverage is still very high. Long-term debt stood at $6.06 billion at the end of Q2 2025, only slightly down from $5.97 billion in Q1 2025 but still a heavy burden.
Book equity remains deeply negative. Total common equity was negative $2.44 billion, reflecting the company’s debt-heavy capital structure.
Cash flow was boosted by debt issuance, not just operations. While operating cash was strong, the company also added $600 million of debt and repaid $542.9 million, underscoring ongoing reliance on financing activity.

Bottom line: Uniti Group’s operating engine is still producing cash, and the latest quarter showed improved liquidity and stable revenue. However, the company remains highly leveraged, and interest expense continues to consume much of the operating profit. For investors, the key question is whether Uniti can continue to grow or stabilize operating cash flow enough to manage its debt load over time.

07/21/26 11:24 AM ETAI Generated. May Contain Errors.

Uniti Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Uniti Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Uniti Group's net income appears to be on a downward trend, with a most recent value of $93.43 million in 2024, falling from -$212 thousand in 2016. The previous period was -$81.75 million in 2023. Find out what analysts predict for Uniti Group in the coming months.

Uniti Group's total operating income in 2024 was $587.24 million, based on the following breakdown:

Total Gross Profit: $1.17 billion
Total Operating Expenses: $579.69 million

Over the last 8 years, Uniti Group's total revenue changed from $770.41 million in 2016 to $1.17 billion in 2024, a change of 51.5%.

Uniti Group's total liabilities were at $7.73 billion at the end of 2024, a 3.0% increase from 2023, and a 773,398,500,000.0% increase since 2014.

In the past 10 years, Uniti Group's cash and equivalents has ranged from $0.00 in 2014 to $171.75 million in 2016, and is currently $155.59 million as of their latest financial filing in 2024.

Over the last 8 years, Uniti Group's book value per share changed from -9.00 in 2016 to -10.05 in 2024, a change of 11.6%.

Related Companies

Financial statements for NASDAQ:UNIT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Uniti Group (UNIT) Financials

Financials Breakdown Chart

Key Financial Trends

Uniti Group Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Uniti Group (UNIT) Financials

Annual Income Statements for Uniti Group

Quarterly Income Statements for Uniti Group

Annual Cash Flow Statements for Uniti Group

Quarterly Cash Flow Statements for Uniti Group

Annual Balance Sheets for Uniti Group

Quarterly Balance Sheets for Uniti Group

Annual Metrics And Ratios for Uniti Group

Quarterly Metrics And Ratios for Uniti Group

Financials Breakdown Chart

Key Financial Trends

Uniti Group Financials - Frequently Asked Questions

When does Uniti Group's fiscal year end?

How has Uniti Group's net income changed over the last 8 years?

What is Uniti Group's operating income?

How has Uniti Group's revenue changed over the last 8 years?

How much debt does Uniti Group have?

How much cash does Uniti Group have?

How has Uniti Group's book value per share changed over the last 8 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools