Unisys (UIS) Financials

$2.96 -0.10 (-3.10%)

As of 02:01 PM Eastern

Annual Income Statements for Unisys

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-106	-431	-193
Consolidated Net Income / (Loss)	-105	-427	-193
Net Income / (Loss) Continuing Operations	-105	-427	-193
Total Pre-Tax Income	-63	-348	-75
Total Operating Income	52	77	97
Total Gross Profit	530	551	586
Total Revenue	1,980	2,015	2,008
Operating Revenue	1,980	2,015	2,008
Total Cost of Revenue	1,450	1,464	1,423
Operating Cost of Revenue	1,450	1,464	1,423
Total Operating Expenses	477	474	489
Selling, General & Admin Expense	453	450	424
Research & Development Expense	24	24	25
Impairment Charge	0.00	0.00	39
Total Other Income / (Expense), net	-115	-425	-173
Interest Expense	32	31	32
Other Income / (Expense), net	-82	-394	-141
Income Tax Expense	42	79	118
Net Income / (Loss) Attributable to Noncontrolling Interest	1.10	3.60	0.20
Basic Earnings per Share	($1.57)	($6.31)	($2.79)
Weighted Average Basic Shares Outstanding	67.81M	68.41M	69.60M
Diluted Earnings per Share	($1.57)	($6.31)	($2.79)
Weighted Average Diluted Shares Outstanding	67.81M	68.41M	69.60M
Weighted Average Basic & Diluted Shares Outstanding	67.81M	68.41M	69.60M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-40	8.50	-175	-40	-50	-165	-150	-12	-62	30
Consolidated Net Income / (Loss)	-40	8.80	-175	-40	-49	-164	-149	-13	-62	31
Net Income / (Loss) Continuing Operations	-40	8.80	-175	-40	-49	-164	-149	-13	-62	31
Total Pre-Tax Income	-39	26	-155	-24	-29	-141	-132	6.30	-8.60	59
Total Operating Income	-8.00	50	50	0.10	-17	44	18	24	7.50	49
Total Gross Profit	104	190	159	116	95	181	136	130	145	175
Total Revenue	461	557	516	477	465	558	488	478	497	545
Operating Revenue	461	557	516	477	465	558	488	478	497	545
Total Cost of Revenue	357	367	357	361	369	376	352	348	352	370
Operating Cost of Revenue	357	367	357	361	369	376	352	348	352	370
Total Operating Expenses	112	140	109	116	112	137	118	106	138	126
Selling, General & Admin Expense	106	133	103	110	108	129	112	101	92	119
Research & Development Expense	6.00	6.90	6.20	5.40	4.30	8.20	6.10	4.90	6.50	7.70
Total Other Income / (Expense), net	-31	-24	-205	-24	-11	-185	-150	-17	-16	11
Interest Expense	7.90	7.80	7.60	7.50	7.80	7.90	7.90	7.90	7.90	8.20
Other Income / (Expense), net	-23	-16	-197	-17	-3.60	-177	-142	-9.40	-8.20	19
Income Tax Expense	0.70	17	20	15	20	24	17	19	53	29
Net Income / (Loss) Attributable to Noncontrolling Interest	0.20	0.30	0.90	0.50	1.10	1.10	0.20	-0.50	0.00	0.50
Basic Earnings per Share	($0.59)	$0.12	($2.58)	($0.59)	($0.73)	($2.41)	($2.18)	($0.17)	($0.89)	$0.45
Weighted Average Basic Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M
Diluted Earnings per Share	($0.59)	$0.12	($2.58)	($0.59)	($0.73)	($2.41)	($2.18)	($0.17)	($0.89)	$0.45
Weighted Average Diluted Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M
Weighted Average Basic & Diluted Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-158	-6.00	-6.10
Net Cash From Operating Activities	13	74	135
Net Cash From Continuing Operating Activities	13	74	135
Net Income / (Loss) Continuing Operations	-105	-427	-193
Consolidated Net Income / (Loss)	-105	-427	-193
Depreciation Expense	115	79	47
Amortization Expense	69	59	60
Non-Cash Adjustments To Reconcile Net Income	52	369	206
Changes in Operating Assets and Liabilities, net	-118	-6.60	16
Net Cash From Investing Activities	-131	-70	-97
Net Cash From Continuing Investing Activities	-131	-70	-97
Purchase of Property, Plant & Equipment	-31	-21	-16
Acquisitions	-47	-47	-48
Purchase of Investments	-3,380	-2,740	-3,094
Sale and/or Maturity of Investments	3,336	2,752	3,077
Other Investing Activities, net	-9.50	-12	-17
Net Cash From Financing Activities	-22	-17	-18
Net Cash From Continuing Financing Activities	-22	-17	-18
Repayment of Debt	-22	-17	-18
Other Net Changes in Cash	-	6.70	-26

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-24	38	-2.20	32	-38	2.80	-6.20	-38	29	8.90
Net Cash From Operating Activities	45	35	13	43	-4.10	23	24	2.70	32	77
Net Cash From Continuing Operating Activities	45	35	13	43	-4.10	23	24	2.70	32	77
Net Income / (Loss) Continuing Operations	-40	8.80	-175	-40	-49	-164	-149	-13	-62	31
Consolidated Net Income / (Loss)	-40	8.80	-175	-40	-49	-164	-149	-13	-62	31
Depreciation Expense	23	37	21	17	20	21	12	12	11	11
Amortization Expense	16	18	15	15	16	14	14	14	13	18
Non-Cash Adjustments To Reconcile Net Income	40	-21	177	76	-9.70	126	223	-21	42	-39
Changes in Operating Assets and Liabilities, net	5.60	-8.10	-26	-26	19	26	-77	9.70	28	56
Net Cash From Investing Activities	-50	-7.00	-12	-12	-23	-23	-19	-28	-7.20	-43
Net Cash From Continuing Investing Activities	-50	-7.00	-12	-12	-23	-23	-19	-28	-7.20	-43
Purchase of Property, Plant & Equipment	-7.50	-9.50	-7.30	-4.60	-3.50	-5.90	-2.20	-5.10	-3.70	-5.00
Acquisitions	-12	-11	-10	-11	-12	-14	-13	-13	-11	-11
Purchase of Investments	-802	-881	-821	-649	-560	-710	-727	-798	-755	-815
Sale and/or Maturity of Investments	773	895	830	655	559	707	728	791	766	792
Other Investing Activities, net	-2.10	-0.50	-3.10	-2.20	-7.00	-	-4.60	-3.60	-3.30	-5.10
Net Cash From Financing Activities	-3.40	-3.20	-7.60	-3.40	-3.10	-3.20	-7.70	-4.20	-1.80	-4.40
Net Cash From Continuing Financing Activities	-3.40	-3.20	-7.60	-3.40	-3.10	-3.20	-7.70	-4.20	-1.80	-4.40
Repayment of Debt	-3.40	-3.20	-7.60	-3.40	-3.10	-3.20	-7.70	-4.20	-1.80	-4.40
Other Net Changes in Cash	-	-	4.10	-	-	-	-	-	-	-20

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,066	1,965	1,872
Total Current Assets	930	971	982
Cash & Equivalents	392	388	377
Note & Lease Receivable	403	455	467
Inventories, net	15	15	16
Prepaid Expenses	92	102	106
Other Current Assets	29	12	16
Plant, Property, & Equipment, net	76	64	57
Plant, Property & Equipment, gross	411	396	396
Accumulated Depreciation	335	332	339
Total Noncurrent Assets	1,059	930	833
Goodwill	287	287	248
Intangible Assets	218	209	201
Noncurrent Deferred & Refundable Income Taxes	119	114	97
Employee Benefit Assets	120	38	26
Other Noncurrent Operating Assets	317	282	262
Total Liabilities & Shareholders' Equity	2,066	1,965	1,872
Total Liabilities	2,044	2,104	2,142
Total Current Liabilities	651	651	628
Short-Term Debt	17	13	5.00
Accounts Payable	161	131	98
Current Deferred Revenue	201	199	210
Other Current Liabilities	272	308	315
Total Noncurrent Liabilities	1,393	1,453	1,514
Long-Term Debt	496	491	488
Noncurrent Deferred Revenue	122	104	109
Noncurrent Employee Benefit Liabilities	715	788	816
Other Noncurrent Operating Liabilities	61	70	100
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	22	-138	-269
Total Preferred & Common Equity	-15	-152	-283
Total Common Equity	-15	-152	-283
Common Stock	4,732	4,751	4,771
Retained Earnings	-1,515	-1,946	-2,139
Treasury Stock	-156	-156	-159
Accumulated Other Comprehensive Income / (Loss)	-3,076	-2,800	-2,757
Noncontrolling Interest	37	13	14

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	2,058	2,066	2,033	1,971	1,891	1,868	1,862
Total Current Assets	878	978	951	892	920	908	947
Cash & Equivalents	351	392	423	385	383	345	374
Note & Lease Receivable	405	444	377	388	407	433	447
Inventories, net	12	16	21	16	16	17	20
Prepaid Expenses	84	109	113	88	96	97	93
Other Current Assets	26	17	17	15	18	17	13
Plant, Property, & Equipment, net	78	73	74	71	60	60	58
Plant, Property & Equipment, gross	437	398	407	402	391	395	401
Accumulated Depreciation	359	325	333	331	331	335	343
Total Noncurrent Assets	1,102	1,015	1,009	1,008	910	900	856
Goodwill	286	287	287	287	287	287	249
Intangible Assets	223	215	212	209	209	208	207
Noncurrent Deferred & Refundable Income Taxes	110	114	113	103	111	109	107
Employee Benefit Assets	171	116	121	122	40	42	44
Other Noncurrent Operating Assets	312	284	276	287	263	254	250
Total Liabilities & Shareholders' Equity	2,058	2,066	2,033	1,971	1,891	1,868	1,862
Total Liabilities	2,193	2,012	1,983	1,965	2,035	2,028	2,050
Total Current Liabilities	642	653	641	640	590	592	585
Short-Term Debt	18	16	15	13	10	7.20	7.70
Accounts Payable	157	151	150	140	143	150	120
Current Deferred Revenue	206	232	220	202	191	190	185
Other Current Liabilities	261	254	256	285	246	244	273
Total Noncurrent Liabilities	1,551	1,360	1,342	1,325	1,445	1,436	1,464
Long-Term Debt	498	490	489	487	488	489	489
Noncurrent Deferred Revenue	127	115	113	102	105	104	106
Noncurrent Employee Benefit Liabilities	851	697	683	662	777	772	771
Other Noncurrent Operating Liabilities	75	57	58	74	74	71	98
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-135	54	49	6.20	-145	-161	-188
Total Preferred & Common Equity	-184	17	11	-32	-159	-174	-202
Total Common Equity	-184	17	11	-32	-159	-174	-202
Common Stock	4,728	4,737	4,741	4,746	4,757	4,761	4,767
Retained Earnings	-1,524	-1,690	-1,730	-1,780	-2,095	-2,107	-2,169
Treasury Stock	-156	-156	-156	-156	-158	-158	-158
Accumulated Other Comprehensive Income / (Loss)	-3,232	-2,873	-2,843	-2,842	-2,662	-2,670	-2,641
Noncontrolling Interest	49	37	38	39	14	14	14

This table displays calculated financial ratios and metrics derived from Unisys' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	-3.63%	1.79%	-0.35%
EBITDA Growth	160.62%	-216.24%	135.35%
EBIT Growth	92.92%	-949.67%	86.31%
NOPAT Growth	-66.10%	47.32%	26.66%
Net Income Growth	76.68%	-307.15%	54.76%
EPS Growth	76.74%	-301.91%	55.78%
Operating Cash Flow Growth	-90.42%	484.25%	82.08%
Free Cash Flow Firm Growth	49.49%	212.53%	-9.12%
Invested Capital Growth	262.80%	-115.30%	-596.80%
Revenue Q/Q Growth	0.90%	0.03%	-0.60%
EBITDA Q/Q Growth	1,417.82%	-2,355.70%	148.31%
EBIT Q/Q Growth	81.72%	-110.63%	82.18%
NOPAT Q/Q Growth	11.78%	-7.24%	4.96%
Net Income Q/Q Growth	57.22%	-68.08%	50.19%
EPS Q/Q Growth	56.51%	-66.93%	50.62%
Operating Cash Flow Q/Q Growth	-72.27%	-13.82%	65.77%
Free Cash Flow Firm Q/Q Growth	40.91%	749.93%	-20.85%
Invested Capital Q/Q Growth	390.07%	-118.11%	-133.33%
Profitability Metrics	-	-	-
Gross Margin	26.75%	27.35%	29.17%
EBITDA Margin	7.74%	-8.84%	3.14%
Operating Margin	2.64%	3.82%	4.85%
EBIT Margin	-1.53%	-15.73%	-2.16%
Profit (Net Income) Margin	-5.30%	-21.19%	-9.62%
Tax Burden Percent	167.57%	122.80%	256.57%
Interest Burden Percent	207.28%	109.72%	173.50%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	132.39%	88.83%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-156.85%	-315.65%	0.00%
Return on Net Nonoperating Assets (RNNOA)	360.10%	643.76%	0.00%
Return on Equity (ROE)	492.49%	732.59%	94.78%
Cash Return on Invested Capital (CROIC)	-135.89%	0.00%	0.00%
Operating Return on Assets (OROA)	-1.35%	-15.73%	-2.26%
Return on Assets (ROA)	-4.68%	-21.19%	-10.07%
Return on Common Equity (ROCE)	1,484.40%	1,046.11%	101.17%
Return on Equity Simple (ROE_SIMPLE)	713.61%	281.36%	68.17%
Net Operating Profit after Tax (NOPAT)	37	54	68
NOPAT Margin	1.85%	2.67%	3.39%
Net Nonoperating Expense Percent (NNEP)	289.24%	404.48%	224.17%
Return On Investment Capital (ROIC_SIMPLE)	6.83%	14.72%	30.45%
Cost of Revenue to Revenue	73.25%	72.65%	70.83%
SG&A Expenses to Revenue	22.89%	22.34%	21.12%
R&D to Revenue	1.22%	1.20%	1.25%
Operating Expenses to Revenue	24.11%	23.54%	24.32%
Earnings before Interest and Taxes (EBIT)	-30	-317	-43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	153	-178	63
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.18	0.19	0.22
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.52	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.25	0.26	0.28
Enterprise Value to EBITDA (EV/EBITDA)	3.29	0.00	9.05
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.80	9.55	8.36
Enterprise Value to Operating Cash Flow (EV/OCF)	39.70	6.93	4.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.35	2.87
Leverage & Solvency	-	-	-
Debt to Equity	23.54	-3.64	-1.83
Long-Term Debt to Equity	22.74	-3.55	-1.81
Financial Leverage	-2.30	-2.04	-0.57
Leverage Ratio	-105.28	-34.57	-9.41
Compound Leverage Factor	-218.24	-37.93	-16.33
Debt to Total Capital	95.92%	137.83%	220.28%
Short-Term Debt to Total Capital	3.25%	3.55%	2.23%
Long-Term Debt to Total Capital	92.67%	134.28%	218.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.82%	3.66%	6.30%
Common Equity to Total Capital	-2.75%	-41.50%	-126.57%
Debt to EBITDA	3.35	-2.83	7.83
Net Debt to EBITDA	0.79	-0.65	1.85
Long-Term Debt to EBITDA	3.23	-2.76	7.75
Debt to NOPAT	14.04	9.37	7.23
Net Debt to NOPAT	3.32	2.16	1.71
Long-Term Debt to NOPAT	13.57	9.13	7.16
Altman Z-Score	0.15	-0.59	-0.25
Noncontrolling Interest Sharing Ratio	-201.41%	-42.80%	-6.75%
Liquidity Ratios	-	-	-
Current Ratio	1.43	1.49	1.56
Quick Ratio	1.22	1.29	1.34
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-194	219	199
Operating Cash Flow to CapEx	40.97%	348.36%	844.38%
Free Cash Flow to Firm to Interest Expense	-6.00	7.10	6.23
Operating Cash Flow to Interest Expense	0.39	2.41	4.24
Operating Cash Flow Less CapEx to Interest Expense	-0.56	1.72	3.73
Efficiency Ratios	-	-	-
Asset Turnover	0.88	1.00	1.05
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	128.92	96.96	89.75
Fixed Asset Turnover	24.38	28.75	33.09
Accounts Payable Turnover	8.51	10.04	12.43
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	2.83	3.76	4.07
Days Payable Outstanding (DPO)	42.91	36.36	29.35
Cash Conversion Cycle (CCC)	-40.08	-32.60	-25.29
Capital & Investment Metrics	-	-	-
Invested Capital	143	-22	-153
Invested Capital Turnover	71.74	33.26	-23.02
Increase / (Decrease) in Invested Capital	231	-165	-131
Enterprise Value (EV)	504	514	570
Market Capitalization	346	384	439
Book Value per Share	($0.22)	($2.22)	($4.09)
Tangible Book Value per Share	($7.66)	($9.48)	($10.55)
Total Capital	535	366	224
Total Debt	513	504	493
Total Long-Term Debt	496	491	488
Net Debt	121	117	117
Capital Expenditures (CapEx)	31	21	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-95	-55	-17
Debt-free Net Working Capital (DFNWC)	297	333	359
Net Working Capital (NWC)	280	320	354
Net Nonoperating Expense (NNE)	141	481	261
Net Nonoperating Obligations (NNO)	121	117	117
Total Depreciation and Amortization (D&A)	184	139	106
Debt-free, Cash-free Net Working Capital to Revenue	-4.77%	-2.71%	-0.85%
Debt-free Net Working Capital to Revenue	15.02%	16.53%	17.89%
Net Working Capital to Revenue	14.14%	15.88%	17.65%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.57)	($6.31)	($2.79)
Adjusted Weighted Average Basic Shares Outstanding	67.81M	68.41M	69.60M
Adjusted Diluted Earnings per Share	($1.57)	($6.31)	($2.79)
Adjusted Weighted Average Diluted Shares Outstanding	67.81M	68.41M	69.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.81M	68.41M	69.60M
Normalized Net Operating Profit after Tax (NOPAT)	37	54	96
Normalized NOPAT Margin	1.85%	2.67%	4.76%
Pre Tax Income Margin	-3.16%	-17.26%	-3.75%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-0.93	-10.29	-1.36
NOPAT to Interest Expense	1.13	1.75	2.14
EBIT Less CapEx to Interest Expense	-1.89	-10.98	-1.86
NOPAT Less CapEx to Interest Expense	0.17	1.06	1.64
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Unisys' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.49%	3.28%	15.60%	-7.42%	0.74%	0.11%	-5.54%	0.29%	6.97%	-2.19%
EBITDA Growth	-83.94%	263.24%	-4,729.17%	-71.45%	104.23%	-209.57%	12.15%	160.51%	62.76%	198.77%
EBIT Growth	-3,577.78%	133.40%	-230.34%	-240.68%	33.87%	-492.60%	15.37%	185.54%	96.62%	150.87%
NOPAT Growth	-131.87%	-45.67%	312.34%	100.04%	-113.75%	82.00%	-64.53%	-66,993.42%	143.86%	-18.84%
Net Income Growth	-115.68%	106.69%	-206.14%	-135.12%	-22.56%	-1,965.91%	14.44%	68.35%	-26.58%	118.57%
EPS Growth	-110.71%	106.25%	-203.53%	-136.00%	-23.73%	-2,108.33%	15.50%	71.19%	-21.92%	118.67%
Operating Cash Flow Growth	-32.06%	-48.68%	138.79%	226.11%	-109.21%	-34.10%	85.94%	-93.65%	880.49%	233.04%
Free Cash Flow Firm Growth	22.77%	53.63%	50.92%	83.28%	71.78%	191.46%	204.28%	203.80%	284.77%	-20.48%
Invested Capital Growth	108.78%	262.80%	347.72%	214.88%	314.04%	-115.30%	-117.36%	-107.05%	-154.09%	-596.80%
Revenue Q/Q Growth	-10.45%	20.77%	-7.29%	-7.67%	-2.56%	20.02%	-12.52%	-1.97%	3.93%	9.74%
EBITDA Q/Q Growth	-87.09%	1,150.70%	-225.11%	114.13%	-7.64%	-771.03%	-0.31%	141.91%	-42.30%	307.20%
EBIT Q/Q Growth	-365.25%	207.99%	-534.91%	88.71%	-24.70%	-541.06%	6.25%	111.41%	-104.93%	9,742.86%
NOPAT Q/Q Growth	96.54%	402.20%	106.40%	-99.80%	-17,200.00%	357.31%	-59.77%	-477.93%	111.21%	376.13%
Net Income Q/Q Growth	-137.50%	122.06%	-2,082.95%	77.36%	-23.80%	-235.79%	9.07%	91.63%	-395.20%	149.27%
EPS Q/Q Growth	-136.00%	120.34%	-2,250.00%	77.13%	-23.73%	-230.14%	9.54%	92.20%	-423.53%	150.56%
Operating Cash Flow Q/Q Growth	232.05%	-21.57%	-63.32%	232.03%	-109.65%	660.98%	3.48%	-88.66%	1,085.19%	139.38%
Free Cash Flow Firm Q/Q Growth	30.20%	41.73%	6.03%	56.24%	-17.77%	288.87%	7.15%	-56.44%	109.63%	-18.72%
Invested Capital Q/Q Growth	-28.78%	390.07%	17.54%	-23.25%	-6.35%	-118.11%	-33.33%	68.84%	-618.68%	-133.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.61%	34.08%	30.79%	24.29%	20.51%	32.50%	27.88%	27.16%	29.18%	32.09%
EBITDA Margin	1.54%	15.94%	-21.51%	3.29%	3.12%	-17.45%	-20.01%	8.55%	4.75%	17.62%
Operating Margin	-1.73%	8.98%	9.66%	0.02%	-3.68%	7.89%	3.63%	4.94%	1.51%	8.91%
EBIT Margin	-6.79%	6.07%	-28.47%	-3.48%	-4.46%	-23.80%	-25.50%	2.97%	-0.14%	12.38%
Profit (Net Income) Margin	-8.65%	1.58%	-33.79%	-8.28%	-10.53%	-29.45%	-30.61%	-2.61%	-12.45%	5.59%
Tax Burden Percent	101.79%	33.85%	112.87%	163.90%	171.58%	116.79%	112.85%	-198.41%	719.77%	51.43%
Interest Burden Percent	125.24%	76.92%	105.17%	145.18%	137.68%	105.95%	106.35%	44.37%	1,228.57%	87.85%
Effective Tax Rate	0.00%	66.15%	0.00%	0.00%	0.00%	0.00%	0.00%	298.41%	0.00%	48.57%
Return on Invested Capital (ROIC)	0.00%	217.95%	276.45%	0.35%	-69.17%	183.70%	72.61%	-324.47%	76.92%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	201.34%	-56.25%	-35.74%	-95.62%	19.70%	-68.11%	-294.79%	20.30%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-462.23%	276.62%	159.31%	206.80%	-40.18%	172.38%	612.63%	-26.50%	0.00%
Return on Equity (ROE)	127.24%	-244.28%	553.06%	159.65%	137.63%	143.53%	244.99%	288.16%	50.42%	94.78%
Cash Return on Invested Capital (CROIC)	-1,127.09%	-135.89%	-88.10%	-27.87%	-44.86%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-6.08%	5.36%	-26.87%	-3.34%	-4.46%	-23.80%	-25.61%	3.03%	-0.15%	12.95%
Return on Assets (ROA)	-7.75%	1.39%	-31.89%	-7.96%	-10.53%	-29.45%	-30.74%	-2.66%	-13.13%	5.85%
Return on Common Equity (ROCE)	157.95%	-736.28%	2,404.53%	440.67%	230.80%	204.95%	382.87%	421.23%	65.10%	101.17%
Return on Equity Simple (ROE_SIMPLE)	133.19%	0.00%	-1,331.74%	-2,150.00%	784.26%	0.00%	253.40%	215.34%	191.84%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.60	17	35	0.07	-12	31	12	-47	5.25	25
NOPAT Margin	-1.21%	3.04%	6.76%	0.01%	-2.58%	5.52%	2.54%	-9.79%	1.06%	4.58%
Net Nonoperating Expense Percent (NNEP)	83.66%	16.61%	332.69%	36.09%	26.45%	164.00%	140.72%	-29.68%	56.62%	-4.72%
Return On Investment Capital (ROIC_SIMPLE)	-	3.16%	-	-	-	8.42%	-	-	-	11.16%
Cost of Revenue to Revenue	77.39%	65.92%	69.21%	75.71%	79.49%	67.50%	72.12%	72.84%	70.82%	67.91%
SG&A Expenses to Revenue	23.05%	23.86%	19.93%	23.13%	23.27%	23.13%	23.00%	21.20%	18.49%	21.76%
R&D to Revenue	1.30%	1.24%	1.20%	1.13%	0.93%	1.47%	1.25%	1.02%	1.31%	1.41%
Operating Expenses to Revenue	24.35%	25.10%	21.13%	24.27%	24.19%	24.61%	24.25%	22.23%	27.67%	23.18%
Earnings before Interest and Taxes (EBIT)	-31	34	-147	-17	-21	-133	-124	14	-0.70	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.10	89	-111	16	15	-97	-98	41	24	96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	15.75	23.83	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	0.00
Price to Revenue (P/Rev)	0.26	0.18	0.13	0.14	0.12	0.19	0.17	0.14	0.19	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	24.83	3.52	2.46	3.02	3.22	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.37	0.25	0.20	0.19	0.19	0.26	0.23	0.23	0.26	0.28
Enterprise Value to EBITDA (EV/EBITDA)	71.79	3.29	10.42	778.78	49.23	0.00	0.00	0.00	0.00	9.05
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.18	13.80	4.72	6.05	6.70	9.55	14.87	9.45	8.17	8.36
Enterprise Value to Operating Cash Flow (EV/OCF)	15.83	39.70	7.09	2.89	4.52	6.93	5.46	9.93	6.51	4.22
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	2.35	2.03	2.43	2.11	2.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.81	23.54	9.37	10.20	80.60	-3.64	-3.44	-3.09	-2.64	-1.83
Long-Term Debt to Equity	-3.68	22.74	9.08	9.91	78.55	-3.55	-3.37	-3.05	-2.60	-1.81
Financial Leverage	-0.21	-2.30	-4.92	-4.46	-2.16	-2.04	-2.53	-2.08	-1.31	-0.57
Leverage Ratio	-11.36	-105.28	-169.66	-85.10	-31.21	-34.57	-43.58	-35.04	-21.09	-9.41
Compound Leverage Factor	-14.23	-80.99	-178.44	-123.55	-42.97	-36.63	-46.35	-15.55	-259.14	-8.27
Debt to Total Capital	135.55%	95.92%	90.36%	91.07%	98.77%	137.83%	140.95%	147.83%	160.95%	220.28%
Short-Term Debt to Total Capital	4.60%	3.25%	2.86%	2.63%	2.51%	3.55%	2.83%	2.14%	2.50%	2.23%
Long-Term Debt to Total Capital	130.95%	92.67%	87.50%	88.45%	96.26%	134.28%	138.12%	145.68%	158.45%	218.04%
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%
Noncontrolling Interests to Total Capital	12.82%	6.82%	6.66%	6.86%	7.63%	3.66%	3.90%	4.02%	4.64%	6.30%
Common Equity to Total Capital	-48.37%	-2.75%	2.98%	2.06%	-6.40%	-41.50%	-44.85%	-51.85%	-65.59%	-126.57%
Debt to EBITDA	51.08	3.35	12.72	1,006.00	63.25	-2.83	-3.03	-3.56	-3.81	7.83
Net Debt to EBITDA	16.29	0.79	2.87	159.60	14.52	-0.65	-0.70	-1.09	-0.94	1.85
Long-Term Debt to EBITDA	49.35	3.23	12.31	977.00	61.65	-2.76	-2.97	-3.51	-3.75	7.75
Debt to NOPAT	15.78	14.04	5.76	7.81	8.61	9.37	15.93	10.40	7.64	7.23
Net Debt to NOPAT	5.03	3.32	1.30	1.24	1.98	2.16	3.69	3.17	1.89	1.71
Long-Term Debt to NOPAT	15.25	13.57	5.57	7.59	8.39	9.13	15.61	10.25	7.52	7.16
Altman Z-Score	0.14	0.25	-0.12	0.04	-0.05	-0.28	-0.41	-0.20	-0.20	-0.06
Noncontrolling Interest Sharing Ratio	-24.13%	-201.41%	-334.77%	-176.02%	-67.70%	-42.80%	-56.28%	-46.18%	-29.11%	-6.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.37	1.43	1.50	1.48	1.39	1.49	1.56	1.53	1.62	1.56
Quick Ratio	1.18	1.22	1.28	1.25	1.21	1.29	1.34	1.31	1.40	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-367	-214	-201	-88	-104	196	210	91	192	156
Operating Cash Flow to CapEx	593.33%	367.37%	175.34%	923.91%	-117.14%	389.83%	1,081.82%	52.94%	864.86%	1,532.00%
Free Cash Flow to Firm to Interest Expense	-46.51	-27.45	-26.47	-11.74	-13.29	24.78	26.56	11.57	24.25	18.99
Operating Cash Flow to Interest Expense	5.63	4.47	1.68	5.67	-0.53	2.91	3.01	0.34	4.05	9.34
Operating Cash Flow Less CapEx to Interest Expense	4.68	3.26	0.72	5.05	-0.97	2.16	2.73	-0.30	3.58	8.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.88	0.94	0.96	1.00	1.00	1.00	1.02	1.05	1.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	123.62	128.92	100.24	85.61	103.92	96.96	91.73	77.11	80.03	89.75
Fixed Asset Turnover	23.94	24.38	26.38	26.05	27.12	28.75	29.72	29.70	31.33	33.09
Accounts Payable Turnover	10.53	8.51	8.95	9.63	9.78	10.04	9.92	9.62	10.99	12.43
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	2.95	2.83	3.64	4.26	3.51	3.76	3.98	4.73	4.56	4.07
Days Payable Outstanding (DPO)	34.66	42.91	40.77	37.90	37.31	36.36	36.81	37.94	33.22	29.35
Cash Conversion Cycle (CCC)	-31.70	-40.08	-37.13	-33.64	-33.79	-32.60	-32.83	-33.21	-28.66	-25.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	29	143	168	129	121	-22	-29	-9.10	-65	-153
Invested Capital Turnover	-12.93	71.74	40.87	23.65	26.85	33.26	28.59	33.14	72.81	-23.02
Increase / (Decrease) in Invested Capital	362	231	236	88	92	-165	-197	-138	-186	-131
Enterprise Value (EV)	725	504	415	389	389	514	465	451	531	570
Market Capitalization	512	346	263	272	236	384	336	286	394	439
Book Value per Share	($2.72)	($0.22)	$0.25	$0.17	($0.47)	($2.22)	($2.29)	($2.51)	($2.92)	($4.09)
Tangible Book Value per Share	($10.23)	($7.66)	($7.16)	($7.15)	($7.74)	($9.48)	($9.46)	($9.66)	($9.48)	($10.55)
Total Capital	381	535	560	552	506	366	354	336	308	224
Total Debt	516	513	506	503	500	504	498	496	496	493
Total Long-Term Debt	498	496	490	489	487	491	488	489	489	488
Net Debt	165	121	114	80	115	117	116	152	123	117
Capital Expenditures (CapEx)	7.50	9.50	7.30	4.60	3.50	5.90	2.20	5.10	3.70	5.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-98	-95	-51	-99	-120	-55	-43	-22	-4.20	-17
Debt-free Net Working Capital (DFNWC)	254	297	341	324	265	333	340	323	370	359
Net Working Capital (NWC)	236	280	325	310	252	320	330	316	362	354
Net Nonoperating Expense (NNE)	34	8.12	209	40	37	195	162	-34	67	-5.50
Net Nonoperating Obligations (NNO)	165	121	114	80	115	117	116	152	123	117
Total Depreciation and Amortization (D&A)	38	55	36	32	35	35	27	27	24	29
Debt-free, Cash-free Net Working Capital to Revenue	-4.97%	-4.77%	-2.49%	-4.93%	-5.98%	-2.71%	-2.15%	-1.11%	-0.21%	-0.85%
Debt-free Net Working Capital to Revenue	12.94%	15.02%	16.63%	16.11%	13.13%	16.53%	17.12%	16.24%	18.29%	17.89%
Net Working Capital to Revenue	12.05%	14.14%	15.85%	15.39%	12.50%	15.88%	16.61%	15.88%	17.91%	17.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.59)	$0.12	($2.58)	($0.59)	($0.73)	($2.41)	($2.18)	($0.17)	($0.89)	$0.45
Adjusted Weighted Average Basic Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M
Adjusted Diluted Earnings per Share	($0.59)	$0.12	($2.58)	($0.59)	($0.73)	($2.41)	($2.18)	($0.17)	($0.89)	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.79M	67.81M	68.26M	68.30M	68.39M	68.41M	69.23M	69.34M	69.36M	69.60M
Normalized Net Operating Profit after Tax (NOPAT)	-5.60	35	35	0.07	-12	31	12	17	33	25
Normalized NOPAT Margin	-1.21%	6.28%	6.76%	0.01%	-2.58%	5.52%	2.54%	3.45%	6.56%	4.58%
Pre Tax Income Margin	-8.50%	4.67%	-29.94%	-5.05%	-6.13%	-25.22%	-27.12%	1.32%	-1.73%	10.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.96	4.33	-19.34	-2.21	-2.65	-16.80	-15.75	1.80	-0.09	8.23
NOPAT to Interest Expense	-0.71	2.17	4.60	0.01	-1.53	3.90	1.57	-5.93	0.66	3.05
EBIT Less CapEx to Interest Expense	-4.91	3.12	-20.30	-2.83	-3.10	-17.54	-16.03	1.15	-0.56	7.62
NOPAT Less CapEx to Interest Expense	-1.66	0.95	3.64	-0.60	-1.98	3.15	1.29	-6.57	0.20	2.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Unisys (UIS) has shown pockets of improving profitability in 2024, but the company continues to carry a weak balance sheet with negative equity and sizable non-cash pressures. Below is a concise, data-driven view of key trends from the quarterly statements across the last four years (2021–2024) based on the provided quarters.

Gross margin improvement in Q4 2024. Total Gross Profit was $175.0 million on Revenue of $545.4 million, for a gross margin of about 32%. This is higher than the mid-to-low 20s range seen earlier in 2024 (e.g., Q3 2024 gross margin was ~29%).
Operating income turns positive and improves in Q4 2024. Total Operating Income reached $48.6 million in Q4 2024, up from $7.5 million in Q3 2024, signaling a meaningful sequential profitability improvement.
Net income to common shareholders turns positive in Q4 2024. Net income to common shareholders was $30.0 million, with Basic and Diluted EPS of $0.45, marking a move into positive earnings for that quarter after prior weighted-averages remaining negative in several past periods.
Cash flow from continuing operations strengthens in Q4 2024. Net Cash From Continuing Operating Activities was $76.6 million in Q4 2024, the strongest quarterly cash from operations in the period.
Free cash flow remains positive in Q4 2024. After capex of $5.0 million, free cash flow (approx. $71.6 million) was solidly positive in Q4 2024, aided by the higher operating cash flow.
Working capital dynamics show a favorable tailwind in Q4 2024. Changes in Operating Assets and Liabilities, net were a positive $56.0 million in Q4 2024, indicating working capital release contributing to cash generation.
Long-term debt remains relatively stable across the period. Long-term debt hovers around $488–489 million through 2024, suggesting manageable leverage relative to asset levels.

Revenue levels remain broadly in the mid-$0.5B range. Quarterly operating revenue generally trended between roughly $470 million and $560 million over 2022–2024, with modest year-over-year fluctuations rather than clear growth.
Significant negative equity and large accumulated other comprehensive loss. As of late 2024, Total Common Equity is negative (around -$202.2 million) and Accumulated Other Comprehensive Income / Loss is highly negative (about -$2.64 billion in Q4 2024), contributing to a large negative equity position.
Impairment charge noted in 2024 Q3. An impairment expense of about $39.1 million occurred in Q3 2024, highlighting non-operational pressures on asset values.
Investing cash outflows remain sizable. Net cash from investing activities was negative in 2024 quarters (e.g., about -$43.4 million in Q4 2024 and notable activity in prior quarters), reflecting continued investment activity that offsets operating cash gains.
Earnings per share have been volatile historically. While Q4 2024 saw positive EPS ($0.45), several prior quarters posted negative EPS (for example, Q4 2023 and multiple earlier periods), underscoring ongoing earnings volatility.

05/15/26 12:45 PM ETAI Generated. May Contain Errors.

Unisys Financials - Frequently Asked Questions

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

Unisys' net income appears to be on an upward trend, with a most recent value of -$193.20 million in 2024, rising from -$104.90 million in 2022. The previous period was -$427.10 million in 2023. See Unisys' forecast for analyst expectations on what's next for the company.

Unisys' total operating income in 2024 was $97.40 million, based on the following breakdown:

Total Gross Profit: $585.90 million
Total Operating Expenses: $488.50 million

Over the last 2 years, Unisys' total revenue changed from $1.98 billion in 2022 to $2.01 billion in 2024, a change of 1.4%.

Unisys' total liabilities were at $2.14 billion at the end of 2024, a 1.8% increase from 2023, and a 4.8% increase since 2022.

In the past 2 years, Unisys' cash and equivalents has ranged from $376.50 million in 2024 to $391.80 million in 2022, and is currently $376.50 million as of their latest financial filing in 2024.

Over the last 2 years, Unisys' book value per share changed from -0.22 in 2022 to -4.09 in 2024, a change of 1,783.7%.

Related Companies

Financial statements for NYSE:UIS last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Unisys (UIS) Financials

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