Universal Technical Institute (UTI) Financials

$38.56 +1.49 (+4.03%)

Closing price 03:59 PM Eastern

Extended Trading

$38.60 +0.04 (+0.11%)

As of 05:19 PM Eastern

Annual Income Statements for Universal Technical Institute

This table shows Universal Technical Institute'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	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-9.15	-49	-13	-38	-13	2.74	5.68	13	4.54	38	63
Consolidated Net Income / (Loss)	-9.15	-48	-8.13	-33	-7.87	8.01	15	26	12	42	63
Net Income / (Loss) Continuing Operations	-9.15	-48	-8.13	-33	-7.87	8.01	15	26	12	42	63
Total Pre-Tax Income	-11	-22	-2.73	-36	-7.67	-2.59	15	20	18	56	84
Total Operating Income	-9.22	-19	-1.82	-35	-7.80	-3.87	15	22	21	59	83
Total Gross Profit	363	347	324	317	332	301	335	419	607	733	836
Total Revenue	363	347	324	317	332	301	335	419	607	733	836
Operating Revenue	363	347	324	317	332	301	335	419	607	733	836
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	372	366	326	352	339	305	320	396	586	674	752
Selling, General & Admin Expense	165	171	145	170	161	149	153	189	256	289	332
Other Operating Expenses / (Income)	194	194	181	183	178	156	167	207	330	385	420
Total Other Income / (Expense), net	-1.46	-2.90	-0.91	-0.42	0.14	1.28	0.24	-1.93	-3.31	-2.66	0.81
Interest Expense	2.34	3.44	3.38	3.31	3.22	0.01	0.37	2.00	9.66	9.47	5.63
Interest & Investment Income	0.74	0.59	1.38	1.81	1.89	1.15	0.08	0.51	5.86	6.31	6.17
Other Income / (Expense), net	0.14	-0.05	1.09	1.08	1.47	0.14	0.52	-0.44	0.48	0.50	0.27
Income Tax Expense	-1.53	26	5.40	-3.02	0.20	-11	0.60	-5.41	5.77	14	21
Preferred Stock Dividends Declared	0.00	1.42	5.25	5.25	5.25	5.26	5.25	5.16	5.07	1.10	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	3.65	7.85	2.71	2.86	0.00
Basic Earnings per Share	($0.38)	($2.02)	($0.54)	($1.51)	($0.52)	$0.05	$0.17	$0.39	$0.13	$0.77	$1.16
Weighted Average Basic Shares Outstanding	24.39M	24.31M	24.71M	25.12M	25.44M	29.81M	32.77M	33.22M	33.99M	49.43M	54.30M
Diluted Earnings per Share	($0.38)	($2.02)	($0.54)	($1.51)	($0.52)	$0.05	$0.17	$0.38	$0.13	$0.75	$1.13
Weighted Average Diluted Shares Outstanding	24.39M	24.31M	24.71M	25.12M	25.44M	30.11M	33.12M	33.74M	34.48M	50.85M	55.62M
Weighted Average Basic & Diluted Shares Outstanding	24.10M	24.30M	24.80M	25.10M	25.63M	32.65M	32.83M	33.77M	34.07M	54.03M	54.43M

This table shows Universal Technical Institute'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	6/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-1.77	4.06	6.44	7.79	4.99	19	22	11	11	19	13
Consolidated Net Income / (Loss)	-0.51	6.70	10	7.79	4.99	19	22	11	11	19	13
Net Income / (Loss) Continuing Operations	-0.51	6.70	10	7.79	4.99	19	22	11	11	19	13
Total Pre-Tax Income	-0.57	9.24	14	11	6.76	25	28	17	14	26	16
Total Operating Income	0.66	10	14	11	7.45	26	27	17	14	25	16
Total Gross Profit	153	170	175	184	177	196	201	207	204	222	221
Total Revenue	153	170	175	184	177	196	201	207	204	222	221
Operating Revenue	153	170	175	184	177	196	201	207	204	222	221
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	153	160	160	173	170	170	174	191	190	197	205
Selling, General & Admin Expense	64	67	68	75	75	71	74	88	85	85	95
Other Operating Expenses / (Income)	88	93	92	97	95	99	100	102	106	112	110
Total Other Income / (Expense), net	-1.24	-1.10	-0.68	-0.64	-0.69	-0.65	0.05	-0.02	0.20	0.57	0.53
Interest Expense	2.96	2.64	2.87	2.18	2.15	2.27	1.67	1.66	1.39	0.91	0.97
Interest & Investment Income	1.63	1.60	1.98	1.43	1.44	1.47	1.76	1.63	1.45	1.34	1.55
Other Income / (Expense), net	0.09	-0.06	0.21	0.12	0.02	0.14	-0.04	0.01	0.15	0.14	-0.05
Income Tax Expense	-0.06	2.54	3.16	2.77	1.77	6.53	5.38	5.39	3.69	6.80	3.39
Basic Earnings per Share	($0.05)	$0.11	$0.18	$0.14	$0.09	$0.36	$0.41	$0.21	$0.20	$0.34	$0.24
Weighted Average Basic Shares Outstanding	34.07M	33.99M	36.43M	53.76M	53.81M	49.43M	53.99M	54.38M	54.41M	54.30M	54.57M
Diluted Earnings per Share	($0.05)	$0.12	$0.17	$0.14	$0.09	$0.35	$0.40	$0.21	$0.19	$0.33	$0.23
Weighted Average Diluted Shares Outstanding	34.07M	34.48M	37.44M	54.77M	54.95M	50.85M	55.41M	55.44M	55.64M	55.62M	55.74M
Weighted Average Basic & Diluted Shares Outstanding	34.07M	34.07M	53.73M	53.80M	53.81M	54.03M	54.37M	54.41M	54.42M	54.43M	55.02M

This table details how cash moves in and out of Universal Technical Institute'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	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	-9.55	90	-60	7.20	8.40	8.36	57	-76	87	11	-33
Net Cash From Operating Activities	8.24	7.38	1.15	-13	22	11	55	46	49	86	97
Net Cash From Continuing Operating Activities	8.24	7.38	1.15	-13	22	11	55	46	49	86	97
Net Income / (Loss) Continuing Operations	-9.15	-48	-8.13	-33	-7.87	8.01	15	26	12	42	63
Consolidated Net Income / (Loss)	-9.15	-48	-8.13	-33	-7.87	8.01	15	26	12	42	63
Depreciation Expense	17	15	14	13	13	12	14	17	25	29	33
Amortization Expense	3.49	2.68	2.68	2.68	2.68	24	16	16	21	22	24
Non-Cash Adjustments To Reconcile Net Income	17	5.78	2.08	9.38	1.34	-21	3.80	9.94	-12	-10	28
Changes in Operating Assets and Liabilities, net	-20	32	-9.69	-5.74	12	-12	7.17	-23	3.45	3.05	-50
Net Cash From Investing Activities	-2.68	17	-54	27	-6.15	-46	-23	-135	-44	-24	-88
Net Cash From Continuing Investing Activities	-2.68	17	-54	27	-6.15	-46	-23	-135	-44	-24	-88
Purchase of Property, Plant & Equipment	-29	-7.50	-8.19	-21	-6.45	-9.26	-61	-79	-57	-24	-42
Acquisitions	-0.45	-3.08	-0.58	-0.33	-	0.00	0.00	-27	-16	0.00	0.00
Purchase of Investments	-26	0.00	-52	-0.89	0.00	-70	0.00	-29	0.00	0.00	-68
Sale and/or Maturity of Investments	52	28	6.70	49	0.27	32	38	0.19	29	0.00	22
Other Investing Activities, net	0.61	-0.29	-	0.00	0.00	1.57	0.43	0.00	0.00	0.30	0.17
Net Cash From Financing Activities	-15	65	-6.76	-6.58	-7.20	43	25	13	82	-51	-43
Net Cash From Continuing Financing Activities	-15	65	-6.76	-6.58	-7.20	43	25	13	82	-51	-43
Repayment of Debt	-0.66	-0.74	-0.91	-	0.00	0.00	-0.66	-20	-0.52	-75	-65
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-12	0.00
Payment of Dividends	-7.31	-2.88	-5.25	-5.25	-5.25	-5.26	-5.25	-5.16	-5.07	-1.10	0.00
Issuance of Debt	-	-	-	-	0.00	0.00	31	38	90	41	26
Other Financing Activities, net	-0.52	-0.39	-0.60	-1.33	-1.95	-0.80	-0.42	-0.65	-2.57	-4.75	-4.10
Cash Interest Paid	2.34	3.44	3.38	3.31	3.22	0.01	0.35	1.94	9.07	10	5.91
Cash Income Taxes Paid	7.01	1.64	2.70	0.61	0.04	0.00	-6.71	0.86	0.66	11	11

This table details how cash moves in and out of Universal Technical Institute'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	6/30/2023	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
Net Change in Cash & Equivalents	-11	43	-8.10	-28	-1.43	48	10	-77	-27	61	-37
Net Cash From Operating Activities	-0.42	54	11	-2.49	10	68	23	-0.79	18	57	3.08
Net Cash From Continuing Operating Activities	-0.42	54	11	-2.49	10	68	23	-0.79	18	57	3.08
Net Income / (Loss) Continuing Operations	-0.51	6.70	10	7.79	4.99	19	22	11	11	19	13
Consolidated Net Income / (Loss)	-0.51	6.70	10	7.79	4.99	19	22	11	11	19	13
Depreciation Expense	6.66	6.57	6.98	7.20	7.38	7.76	8.00	8.14	8.32	8.51	8.91
Amortization Expense	5.37	5.17	5.53	5.42	5.52	5.39	5.59	5.72	6.18	6.34	6.37
Non-Cash Adjustments To Reconcile Net Income	-3.63	18	-3.70	-2.78	-1.95	-1.91	-6.00	4.32	3.41	26	1.61
Changes in Operating Assets and Liabilities, net	-8.30	18	-8.37	-20	-5.91	37	-6.78	-30	-11	-2.74	-27
Net Cash From Investing Activities	-9.61	-7.84	-3.85	-5.91	-6.75	-7.49	-3.35	-51	-24	-9.61	-47
Net Cash From Continuing Investing Activities	-9.61	-7.84	-3.85	-5.91	-6.75	-7.49	-3.35	-51	-24	-9.61	-47
Purchase of Property, Plant & Equipment	-10	-7.84	-3.85	-5.91	-7.01	-7.53	-3.35	-11	-11	-16	-22
Acquisitions	0.59	-	-	-	-	-	0.00	-	-	-	-0.44
Purchase of Investments	-	-	-	-	-	-	0.00	-	-15	-14	-34
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	20	9.83
Net Cash From Financing Activities	-0.48	-3.20	-15	-20	-4.70	-12	-9.34	-26	-21	13	6.81
Net Cash From Continuing Financing Activities	-0.48	-3.20	-15	-20	-4.70	-12	-9.34	-26	-21	13	6.81
Repayment of Debt	-0.46	-0.64	0.00	-40	-21	-14	-5.00	-25	-26	-8.70	-20
Issuance of Debt	-	-	-	20	16	5.00	0.00	-	6.00	20	35
Other Financing Activities, net	-0.01	-0.02	-2.67	-0.07	-0.07	-2.55	-4.34	-0.81	-0.88	1.93	-8.19
Cash Interest Paid	2.95	2.63	2.82	2.66	2.58	2.34	1.74	1.76	1.45	0.96	1.00
Cash Income Taxes Paid	0.66	-0.31	0.06	6.12	3.78	0.72	-0.02	7.65	2.71	0.89	-0.59

This table presents Universal Technical Institute'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	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	274	297	274	282	271	442	513	553	741	745	826
Total Current Assets	108	162	147	117	118	180	183	136	205	222	247
Cash & Equivalents	29	119	50	58	65	77	134	66	152	162	127
Restricted Cash	5.82	5.96	15	14	15	12	12	3.54	5.38	5.57	6.77
Short-Term Investments	28	1.69	48	-	0.00	38	0.00	29	-	0.00	42
Note & Lease Receivable	-	-	0.00	5.18	5.23	5.18	5.54	5.64	5.99	6.20	6.60
Accounts Receivable	22	15	15	21	18	35	17	16	25	31	46
Prepaid Expenses	18	20	9.50	10	7.05	6.12	6.66	6.14	9.41	12	13
Other Current Assets	-	-	9.40	8.03	7.33	6.49	8.07	8.81	7.50	5.24	5.52
Plant, Property, & Equipment, net	124	114	107	115	104	0.00	0.00	214	266	265	286
Total Noncurrent Assets	42	21	21	51	48	262	329	203	269	258	294
Noncurrent Note & Lease Receivables	-	-	0.00	31	30	28	31	30	31	36	41
Goodwill	8.22	9.01	9.01	8.22	8.22	8.22	8.22	17	28	28	28
Intangible Assets	-	-	-	-	-	-	0.12	14	19	18	17
Noncurrent Deferred & Refundable Income Taxes	20	-	-	-	-	-	0.00	3.37	3.77	3.56	4.28
Other Noncurrent Operating Assets	12	12	12	11	10	226	290	138	187	171	202
Total Liabilities & Shareholders' Equity	274	297	274	282	271	442	513	553	741	745	826
Total Liabilities	161	161	148	156	156	265	324	338	515	484	498
Total Current Liabilities	96	95	86	92	97	122	133	138	185	205	230
Short-Term Debt	0.74	0.91	1.11	1.32	1.55	-	0.88	1.12	2.52	2.70	2.87
Accounts Payable	43	43	37	47	46	52	54	67	70	84	105
Current Deferred Revenue	45	44	41	38	43	41	58	54	86	93	92
Other Current Liabilities	3.15	3.67	3.21	3.89	3.94	26	17	16	27	26	31
Total Noncurrent Liabilities	64	66	62	63	59	144	191	200	330	279	268
Long-Term Debt	-	-	-	-	-	-	30	66	160	123	84
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	3.14	3.14	0.33	0.33	0.67	0.67	0.00	0.66	4.70	4.14
Other Noncurrent Operating Liabilities	9.46	11	9.87	10	9.58	143	161	133	170	152	180
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	113	137	126	127	114	177	189	215	226	260	328
Total Preferred & Common Equity	113	137	126	127	114	177	189	215	226	260	328
Total Common Equity	113	137	126	127	114	177	189	215	226	260	328
Common Stock	178	183	185	187	187	141	142	148	151	221	226
Retained Earnings	33	-17	-31	-32	-45	-33	-22	-1.31	5.95	39	102
Treasury Stock	-97	-97	-97	-97	-97	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Accumulated Other Comprehensive Income / (Loss)	0.02	0.02	0.00	-	-	0.00	-0.28	2.21	2.46	1.11	0.91

This table presents Universal Technical Institute'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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2022	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025
Total Assets	540	748	713	707	732	702	706	754	720	741	834
Total Current Assets	122	215	175	164	197	170	177	231	198	185	249
Cash & Equivalents	71	162	121	111	144	116	116	172	96	71	94
Restricted Cash	2.63	4.54	4.01	3.57	5.23	4.45	3.61	5.76	4.52	2.73	3.90
Short-Term Investments	-	0.00	0.00	0.00	-	-	-	-	40	47	69
Note & Lease Receivable	5.51	5.73	5.95	5.96	6.00	6.16	6.19	6.22	6.33	6.50	6.70
Accounts Receivable	27	22	25	25	23	24	30	28	31	37	45
Prepaid Expenses	7.09	11	9.88	11	12	12	14	13	14	14	24
Other Current Assets	9.41	8.87	8.74	8.12	7.78	7.03	7.58	6.11	6.62	6.96	6.43
Plant, Property, & Equipment, net	207	241	263	266	264	264	263	262	264	268	301
Total Noncurrent Assets	211	292	276	276	271	268	266	261	258	288	284
Noncurrent Note & Lease Receivables	30	31	30	30	33	35	35	40	40	40	45
Goodwill	17	27	28	28	28	28	28	28	28	28	28
Intangible Assets	16	19	19	19	19	19	18	18	18	18	21
Noncurrent Deferred & Refundable Income Taxes	3.63	6.10	5.35	5.23	4.86	4.56	6.58	4.42	4.09	2.95	1.96
Other Noncurrent Operating Assets	145	209	192	193	186	182	178	170	168	199	188
Total Liabilities & Shareholders' Equity	540	748	713	707	732	702	706	754	720	741	834
Total Liabilities	329	531	492	487	510	469	467	474	427	434	498
Total Current Liabilities	121	169	155	151	182	166	174	202	185	185	218
Short-Term Debt	0.93	1.95	2.32	2.48	2.56	2.60	2.66	2.74	2.78	2.82	2.90
Accounts Payable	57	63	62	65	68	70	80	82	80	91	93
Current Deferred Revenue	43	75	65	57	81	68	66	88	75	67	89
Other Current Liabilities	15	28	25	25	29	26	25	30	28	24	33
Total Noncurrent Liabilities	208	362	337	336	328	303	293	271	241	249	280
Long-Term Debt	67	161	161	160	159	139	135	117	92	71	99
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	-	-	-	0.66	0.66	0.66	4.70	4.70	4.70	4.14
Other Noncurrent Operating Liabilities	141	201	176	175	169	163	158	149	145	173	178
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	212	217	221	220	222	233	239	280	294	307	336
Total Preferred & Common Equity	212	217	221	220	222	233	239	280	294	307	336
Total Common Equity	212	217	221	220	222	233	239	280	294	307	336
Common Stock	147	149	151	151	214	216	218	218	221	223	221
Retained Earnings	-2.89	0.06	2.29	0.52	6.90	15	20	61	72	83	114
Treasury Stock	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Accumulated Other Comprehensive Income / (Loss)	1.09	2.09	1.55	2.06	1.58	1.93	1.92	1.65	1.27	1.01	0.82

This table displays calculated financial ratios and metrics derived from Universal Technical Institute's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.15%	-4.28%	-6.59%	-2.25%	4.59%	-9.27%	11.41%	24.97%	45.05%	20.63%	14.05%
EBITDA Growth	-60.70%	-107.89%	1,849.95%	-214.59%	151.70%	237.98%	39.44%	21.32%	23.74%	63.32%	27.08%
EBIT Growth	-231.64%	-105.57%	96.07%	-4,558.99%	81.48%	41.03%	513.95%	41.84%	-0.25%	171.40%	41.00%
NOPAT Growth	-387.43%	-101.92%	90.21%	-1,833.94%	77.88%	50.38%	629.74%	97.10%	-48.47%	201.74%	41.89%
Net Income Growth	-549.14%	-421.32%	82.96%	-302.09%	75.93%	201.78%	82.08%	77.27%	-52.33%	240.86%	50.04%
EPS Growth	-575.00%	-431.58%	73.27%	-179.63%	65.56%	109.62%	240.00%	123.53%	-65.79%	476.92%	50.67%
Operating Cash Flow Growth	-69.54%	-10.41%	-84.48%	-1,265.18%	262.85%	-49.27%	400.23%	-16.59%	6.77%	74.77%	13.31%
Free Cash Flow Firm Growth	-6.69%	183.54%	-113.04%	-1,769.45%	125.54%	32.03%	-141.57%	-804.39%	60.51%	274.09%	-26.64%
Invested Capital Growth	37.34%	-42.38%	4.08%	71.81%	-22.87%	-33.10%	47.12%	151.12%	25.62%	-5.49%	9.54%
Revenue Q/Q Growth	-1.27%	-1.07%	-1.69%	-0.34%	2.29%	-3.63%	6.74%	3.24%	10.89%	3.69%	3.22%
EBITDA Q/Q Growth	-60.40%	88.04%	46.60%	-123.70%	236.99%	21.23%	11.64%	-13.74%	18.63%	18.56%	0.46%
EBIT Q/Q Growth	-211.09%	29.13%	87.15%	-40.58%	72.13%	12.16%	72.31%	-30.06%	46.24%	36.51%	-1.22%
NOPAT Q/Q Growth	-343.86%	30.10%	69.19%	-39.22%	67.88%	15.59%	75.91%	-23.67%	41.07%	36.72%	-1.58%
Net Income Q/Q Growth	-505.18%	1.81%	50.18%	-45.65%	67.68%	13.83%	62.26%	-26.28%	45.86%	40.64%	-0.13%
EPS Q/Q Growth	-522.22%	-1.00%	37.93%	-36.04%	55.93%	266.67%	-5.56%	-35.59%	225.00%	44.23%	-1.74%
Operating Cash Flow Q/Q Growth	-51.66%	404.49%	109.86%	-256.63%	998.84%	-41.17%	53.58%	-4.71%	47.19%	18.90%	-9.68%
Free Cash Flow Firm Q/Q Growth	-99.65%	527.39%	-641.87%	-15.19%	1,414.44%	-31.70%	63.17%	-8.73%	37.76%	27.12%	-31.85%
Invested Capital Q/Q Growth	2.85%	-31.40%	-23.97%	-14.29%	-23.15%	-19.08%	-22.43%	-11.26%	-14.39%	-15.19%	-7.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	3.23%	-0.27%	4.98%	-5.84%	2.89%	10.75%	13.46%	13.07%	11.15%	15.09%	16.82%
Operating Margin	-2.54%	-5.36%	-0.56%	-11.13%	-2.35%	-1.29%	4.46%	5.34%	3.52%	8.04%	9.99%
EBIT Margin	-2.50%	-5.38%	-0.23%	-10.79%	-1.91%	-1.24%	4.62%	5.24%	3.60%	8.11%	10.02%
Profit (Net Income) Margin	-2.52%	-13.74%	-2.51%	-10.31%	-2.37%	2.66%	4.35%	6.17%	2.03%	5.73%	7.54%
Tax Burden Percent	85.66%	221.57%	297.62%	91.55%	102.65%	-308.71%	96.04%	126.45%	68.13%	74.70%	74.78%
Interest Burden Percent	117.59%	115.28%	372.07%	104.39%	120.99%	69.43%	98.18%	93.18%	82.66%	94.68%	100.64%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.97%	-26.45%	31.87%	25.31%	25.22%
Return on Invested Capital (ROIC)	-7.98%	-17.66%	-2.32%	-32.34%	-6.39%	-4.36%	23.32%	21.99%	7.02%	19.57%	27.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.62%	50.02%	6.68%	-16.32%	0.49%	-17.23%	23.14%	25.33%	24.26%	30.44%	26.35%
Return on Net Nonoperating Assets (RNNOA)	0.56%	-20.49%	-3.88%	6.45%	-0.14%	9.87%	-15.34%	-9.19%	-1.44%	-2.29%	-5.85%
Return on Equity (ROE)	-7.42%	-38.14%	-6.20%	-25.89%	-6.53%	5.51%	7.99%	12.80%	5.58%	17.28%	21.42%
Cash Return on Invested Capital (CROIC)	-39.44%	36.13%	-6.32%	-85.18%	19.43%	35.30%	-14.81%	-64.09%	-15.69%	25.21%	18.17%
Operating Return on Assets (OROA)	-3.23%	-6.53%	-0.26%	-12.29%	-2.29%	-1.05%	3.24%	4.12%	3.38%	8.00%	10.66%
Return on Assets (ROA)	-3.25%	-16.69%	-2.85%	-11.75%	-2.85%	2.25%	3.06%	4.85%	1.91%	5.66%	8.02%
Return on Common Equity (ROCE)	-7.42%	-38.14%	-6.20%	-25.89%	-6.53%	5.51%	7.99%	12.80%	5.58%	17.28%	21.42%
Return on Equity Simple (ROE_SIMPLE)	-8.06%	-34.91%	-6.46%	-25.81%	-6.88%	4.54%	7.73%	12.00%	5.45%	16.14%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.46	-13	-1.28	-25	-5.46	-2.71	14	28	15	44	62
NOPAT Margin	-1.78%	-3.76%	-0.39%	-7.79%	-1.65%	-0.90%	4.28%	6.76%	2.40%	6.00%	7.47%
Net Nonoperating Expense Percent (NNEP)	-6.35%	-67.68%	-9.00%	-16.02%	-6.88%	12.87%	0.19%	-3.33%	-17.24%	-10.87%	0.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	15.03%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.53%	49.37%	44.74%	53.52%	48.56%	49.44%	45.76%	45.17%	42.17%	39.48%	39.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	102.54%	105.36%	100.56%	111.13%	102.35%	101.29%	95.54%	94.66%	96.48%	91.96%	90.01%
Earnings before Interest and Taxes (EBIT)	-9.08	-19	-0.73	-34	-6.34	-3.74	15	22	22	59	84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-0.92	16	-19	9.57	32	45	55	68	111	141
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.74	0.32	0.68	0.53	1.21	0.94	1.18	0.85	1.26	3.36	5.40
Price to Tangible Book Value (P/TBV)	0.80	0.34	0.74	0.57	1.31	0.98	1.23	1.00	1.60	4.10	6.28
Price to Revenue (P/Rev)	0.23	0.12	0.26	0.21	0.42	0.55	0.66	0.44	0.47	1.19	2.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	60.37	39.04	14.30	62.87	23.00	28.11
Dividend Yield	9.19%	8.99%	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%	1.66%	2.56%	6.99%	1.59%	4.35%	3.56%
Enterprise Value to Invested Capital (EV/IC)	0.68	0.00	0.29	0.38	1.33	0.78	1.46	0.83	1.26	3.81	7.03
Enterprise Value to Revenue (EV/Rev)	0.18	0.00	0.05	0.12	0.30	0.13	0.32	0.36	0.48	1.14	2.01
Enterprise Value to EBITDA (EV/EBITDA)	5.45	0.00	1.01	0.00	10.33	1.20	2.36	2.78	4.29	7.54	11.97
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	6.90	6.94	13.28	14.03	20.10
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	7.43	5.38	19.94	18.94	26.96
Enterprise Value to Operating Cash Flow (EV/OCF)	7.74	0.00	14.23	0.00	4.55	3.51	1.93	3.31	5.91	9.70	17.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	5.95	1.76	0.00	0.00	0.00	14.70	40.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.32	0.34	0.33	0.36	0.00	0.16	0.31	0.72	0.48	0.27
Long-Term Debt to Equity	0.39	0.32	0.33	0.32	0.34	0.00	0.16	0.31	0.71	0.47	0.26
Financial Leverage	-0.34	-0.41	-0.58	-0.40	-0.29	-0.57	-0.66	-0.36	-0.06	-0.08	-0.22
Leverage Ratio	2.28	2.29	2.18	2.20	2.29	2.45	2.61	2.64	2.93	3.05	2.67
Compound Leverage Factor	2.68	2.63	8.10	2.30	2.78	1.70	2.57	2.46	2.42	2.89	2.69
Debt to Total Capital	28.30%	24.38%	25.54%	24.92%	26.27%	0.00%	14.01%	23.87%	41.77%	32.57%	20.98%
Short-Term Debt to Total Capital	0.47%	0.51%	0.65%	0.78%	1.00%	0.00%	0.40%	0.39%	0.65%	0.70%	0.69%
Long-Term Debt to Total Capital	27.84%	23.88%	24.89%	24.14%	25.26%	0.00%	13.61%	23.48%	41.13%	31.87%	20.29%
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	71.70%	75.62%	74.46%	75.08%	73.73%	100.00%	85.99%	76.13%	58.23%	67.43%	79.02%
Debt to EBITDA	3.83	-47.73	2.67	-2.27	4.25	0.00	0.68	1.23	2.39	1.14	0.62
Net Debt to EBITDA	-1.73	89.53	-4.31	1.63	-4.16	0.00	-2.56	-0.57	0.08	-0.38	-0.63
Long-Term Debt to EBITDA	3.77	-46.74	2.60	-2.20	4.09	0.00	0.66	1.21	2.36	1.11	0.60
Debt to NOPAT	-6.94	-3.38	-33.79	-1.70	-7.46	0.00	2.14	2.39	11.12	2.86	1.40
Net Debt to NOPAT	3.14	6.34	54.51	1.22	7.29	0.00	-8.03	-1.11	0.36	-0.95	-1.42
Long-Term Debt to NOPAT	-6.82	-3.31	-32.92	-1.65	-7.17	0.00	2.08	2.35	10.95	2.80	1.35
Altman Z-Score	1.74	1.31	1.63	0.93	1.54	1.08	1.22	1.21	1.29	2.43	3.68
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	1.12	1.71	1.70	1.26	1.22	1.48	1.38	0.99	1.11	1.08	1.07
Quick Ratio	0.83	1.44	1.31	0.91	0.91	1.28	1.18	0.85	0.99	0.97	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-32	27	-3.48	-65	17	22	-9.12	-82	-33	57	42
Operating Cash Flow to CapEx	28.39%	98.81%	14.00%	-64.88%	338.78%	119.94%	90.02%	57.94%	86.70%	353.51%	231.86%
Free Cash Flow to Firm to Interest Expense	-13.64	7.76	-1.03	-19.65	5.16	2,193.03	-24.98	-41.18	-3.37	5.99	7.38
Operating Cash Flow to Interest Expense	3.52	2.15	0.34	-4.03	6.75	1,103.20	151.19	22.99	5.09	9.07	17.28
Operating Cash Flow Less CapEx to Interest Expense	-8.88	-0.03	-2.08	-10.25	4.76	183.40	-16.77	-16.69	-0.78	6.50	9.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.29	1.21	1.14	1.14	1.20	0.84	0.70	0.79	0.94	0.99	1.06
Accounts Receivable Turnover	21.01	18.43	21.30	17.46	16.98	11.28	12.75	24.93	29.19	26.05	21.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.14	2.92	2.94	2.86	3.03	0.00	0.00	0.00	2.53	2.76	3.04
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	17.37	19.80	17.14	20.90	21.49	32.37	28.63	14.64	12.50	14.01	16.85
Days Inventory Outstanding (DIO)	0.00	0.00	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	0.00	0.00
Cash Conversion Cycle (CCC)	17.37	19.80	17.14	20.90	21.49	32.37	28.63	14.64	12.50	14.01	16.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	94	54	56	97	74	50	73	184	231	218	239
Invested Capital Turnover	4.48	4.70	5.89	4.15	3.88	4.84	5.44	3.26	2.93	3.26	3.65
Increase / (Decrease) in Invested Capital	25	-40	2.20	40	-22	-25	23	111	47	-13	21
Enterprise Value (EV)	64	-39	16	37	99	39	107	152	291	833	1,683
Market Capitalization	84	43	86	67	139	166	222	184	285	875	1,771
Book Value per Share	$4.70	$5.61	$5.08	$5.03	$4.48	$5.41	$5.74	$6.38	$6.63	$4.84	$6.03
Tangible Book Value per Share	$4.36	$5.24	$4.72	$4.70	$4.16	$5.16	$5.49	$5.46	$5.24	$3.97	$5.19
Total Capital	158	181	169	169	155	177	219	283	388	386	415
Total Debt	45	44	43	42	41	0.00	31	68	162	126	87
Total Long-Term Debt	44	43	42	41	39	0.00	30	66	160	123	84
Net Debt	-20	-83	-70	-30	-40	-127	-115	-31	5.19	-42	-89
Capital Expenditures (CapEx)	29	7.47	8.19	21	6.42	9.20	61	79	57	24	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-51	-58	-51	-47	-58	-68	-94	-100	-134	-148	-156
Debt-free Net Working Capital (DFNWC)	12	68	62	26	23	59	52	-0.65	23	20	20
Net Working Capital (NWC)	12	67	60	24	21	59	51	-1.77	20	17	17
Net Nonoperating Expense (NNE)	2.69	35	6.85	7.99	2.41	-11	-0.23	2.44	2.26	1.99	-0.60
Net Nonoperating Obligations (NNO)	-20	-83	-70	-30	-40	-127	-115	-31	5.19	-42	-89
Total Depreciation and Amortization (D&A)	21	18	17	16	16	36	30	33	46	51	57
Debt-free, Cash-free Net Working Capital to Revenue	-14.08%	-16.82%	-15.79%	-14.67%	-17.42%	-22.75%	-28.18%	-23.78%	-22.08%	-20.17%	-18.68%
Debt-free Net Working Capital to Revenue	3.39%	19.68%	18.98%	8.09%	6.88%	19.46%	15.38%	-0.16%	3.75%	2.69%	2.37%
Net Working Capital to Revenue	3.19%	19.41%	18.64%	7.68%	6.41%	19.46%	15.12%	-0.42%	3.34%	2.32%	2.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.38)	($2.02)	($0.54)	($1.51)	($0.52)	$0.05	$0.17	$0.39	$0.13	$0.77	$1.16
Adjusted Weighted Average Basic Shares Outstanding	24.39M	24.31M	24.71M	25.12M	25.44M	29.81M	32.77M	33.22M	33.99M	49.43M	54.30M
Adjusted Diluted Earnings per Share	($0.38)	($2.02)	($0.54)	($1.51)	($0.52)	$0.05	$0.17	$0.38	$0.13	$0.75	$1.13
Adjusted Weighted Average Diluted Shares Outstanding	24.39M	24.31M	24.71M	25.12M	25.44M	30.11M	33.12M	33.74M	34.48M	50.85M	55.62M
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	24.23M	24.62M	25.01M	25.30M	25.63M	32.65M	32.83M	33.77M	34.07M	54.03M	54.43M
Normalized Net Operating Profit after Tax (NOPAT)	2.19	-13	-1.28	-25	-5.46	-2.71	14	16	15	44	62
Normalized NOPAT Margin	0.60%	-3.76%	-0.39%	-7.79%	-1.65%	-0.90%	4.28%	3.74%	2.40%	6.00%	7.47%
Pre Tax Income Margin	-2.95%	-6.20%	-0.84%	-11.26%	-2.31%	-0.86%	4.53%	4.88%	2.98%	7.67%	10.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.88	-5.43	-0.22	-10.33	-1.97	-373.60	42.37	10.96	2.27	6.27	14.86
NOPAT to Interest Expense	-2.76	-3.79	-0.38	-7.46	-1.70	-270.97	39.33	14.13	1.51	4.64	11.08
EBIT Less CapEx to Interest Expense	-16.29	-7.60	-2.64	-16.55	-3.96	-1,293.40	-125.59	-28.73	-3.60	3.70	7.41
NOPAT Less CapEx to Interest Expense	-15.16	-5.96	-2.80	-13.68	-3.69	-1,190.77	-128.63	-25.55	-4.36	2.08	3.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-79.90%	-6.04%	-64.59%	-16.06%	-66.73%	65.73%	36.01%	19.96%	41.14%	2.61%	0.00%
Augmented Payout Ratio	-152.25%	-6.04%	-64.59%	-16.06%	-66.73%	65.73%	36.01%	19.96%	41.14%	2.61%	0.00%

This table displays calculated financial ratios and metrics derived from Universal Technical Institute'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	6/30/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	51.82%	53.92%	45.57%	12.43%	15.77%	15.30%	15.30%	12.64%	15.12%	13.28%	9.64%
EBITDA Growth	31.18%	93.44%	90.65%	27.48%	59.38%	78.62%	52.21%	28.37%	41.43%	1.65%	-24.67%
EBIT Growth	-54.78%	205.74%	202.64%	86.19%	892.82%	154.47%	89.98%	49.08%	91.55%	-3.96%	-43.02%
NOPAT Growth	-66.78%	131.81%	286.61%	109.13%	1,083.65%	157.76%	102.64%	38.77%	91.40%	-5.12%	-43.87%
Net Income Growth	-160.38%	136.94%	292.33%	123.76%	1,079.37%	181.07%	113.24%	46.99%	113.90%	-0.45%	-42.10%
EPS Growth	-400.00%	300.00%	750.00%	250.00%	280.00%	191.67%	135.29%	50.00%	111.11%	-5.71%	-42.50%
Operating Cash Flow Growth	83.24%	41.33%	285.35%	65.05%	2,496.17%	25.34%	111.90%	68.33%	80.24%	-15.44%	-86.57%
Free Cash Flow Firm Growth	44.23%	63.13%	91.22%	119.76%	128.80%	180.78%	477.02%	26.46%	-54.67%	-107.80%	-203.48%
Invested Capital Growth	30.21%	25.62%	9.37%	-2.09%	-4.60%	-5.49%	-5.36%	-2.31%	0.93%	9.54%	21.74%
Revenue Q/Q Growth	-6.43%	11.10%	2.58%	5.43%	-3.65%	10.65%	2.58%	2.99%	-1.52%	8.88%	-0.72%
EBITDA Q/Q Growth	-31.96%	72.34%	22.47%	-11.22%	-14.94%	93.14%	4.36%	-25.13%	-6.29%	38.82%	-22.66%
EBIT Q/Q Growth	-87.62%	1,267.29%	40.49%	-21.70%	-33.99%	250.46%	4.88%	-38.56%	-15.19%	75.71%	-37.77%
NOPAT Q/Q Growth	-88.25%	1,515.39%	45.55%	-24.32%	-33.48%	251.78%	14.43%	-48.18%	-8.24%	74.38%	-32.31%
Net Income Q/Q Growth	-114.63%	1,416.90%	54.99%	-25.05%	-35.98%	277.93%	17.58%	-48.33%	-6.84%	75.90%	-31.61%
EPS Q/Q Growth	-225.00%	340.00%	41.67%	-17.65%	-35.71%	288.89%	14.29%	-47.50%	-9.52%	73.68%	-30.30%
Operating Cash Flow Q/Q Growth	94.14%	12,990.19%	-79.89%	-122.99%	502.09%	574.26%	-66.00%	-103.44%	2,388.09%	216.31%	-94.60%
Free Cash Flow Firm Q/Q Growth	10.26%	36.25%	76.78%	248.73%	30.81%	78.79%	8.39%	-50.12%	-53.11%	-130.75%	-1,338.76%
Invested Capital Q/Q Growth	4.08%	-14.39%	1.61%	8.13%	1.42%	-15.19%	1.75%	11.63%	4.78%	-7.96%	13.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	8.33%	12.93%	15.43%	13.00%	11.47%	20.02%	20.37%	14.81%	14.09%	17.97%	14.00%
Operating Margin	0.43%	6.07%	8.15%	6.08%	4.20%	13.25%	13.64%	8.12%	6.93%	11.23%	7.10%
EBIT Margin	0.49%	6.04%	8.27%	6.14%	4.21%	13.33%	13.62%	8.13%	7.00%	11.30%	7.08%
Profit (Net Income) Margin	-0.33%	3.94%	5.95%	4.23%	2.81%	9.59%	11.00%	5.52%	5.22%	8.43%	5.81%
Tax Burden Percent	88.83%	72.51%	76.68%	73.78%	73.78%	74.26%	80.47%	67.99%	74.30%	73.38%	79.12%
Interest Burden Percent	-76.20%	89.90%	93.80%	93.31%	90.50%	96.96%	100.31%	99.83%	100.36%	101.72%	103.68%
Effective Tax Rate	0.00%	27.49%	23.32%	26.22%	26.22%	25.74%	19.53%	32.01%	25.70%	26.62%	20.88%
Return on Invested Capital (ROIC)	0.69%	12.88%	18.40%	11.92%	8.29%	32.07%	36.47%	17.22%	16.10%	30.09%	19.50%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.57%	18.95%	8.12%	10.35%	6.80%	34.72%	36.29%	17.33%	15.06%	29.45%	18.82%
Return on Net Nonoperating Assets (RNNOA)	-0.38%	-1.12%	0.19%	1.37%	1.01%	-2.61%	-3.25%	-0.80%	-0.79%	-6.54%	-3.76%
Return on Equity (ROE)	0.32%	11.76%	18.58%	13.29%	9.30%	29.46%	33.22%	16.42%	15.31%	23.56%	15.74%
Cash Return on Invested Capital (CROIC)	-21.92%	-15.69%	1.18%	12.67%	16.90%	25.21%	29.68%	25.60%	23.58%	18.17%	1.79%
Operating Return on Assets (OROA)	0.43%	5.67%	7.40%	5.92%	4.21%	13.15%	13.92%	8.94%	7.83%	12.02%	7.63%
Return on Assets (ROA)	-0.29%	3.70%	5.32%	4.08%	2.81%	9.47%	11.24%	6.07%	5.84%	8.97%	6.26%
Return on Common Equity (ROCE)	0.32%	11.76%	18.58%	13.29%	9.30%	29.46%	33.22%	16.42%	15.31%	23.56%	15.74%
Return on Equity Simple (ROE_SIMPLE)	3.84%	0.00%	9.03%	10.48%	12.48%	0.00%	19.20%	19.54%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.46	7.50	11	8.26	5.49	19	22	11	11	18	12
NOPAT Margin	0.30%	4.40%	6.25%	4.48%	3.10%	9.84%	10.98%	5.52%	5.15%	8.24%	5.62%
Net Nonoperating Expense Percent (NNEP)	4.27%	-6.07%	10.27%	1.57%	1.49%	-2.65%	0.18%	-0.11%	1.04%	0.64%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.84%	-	-	-	5.53%	2.95%	2.76%	4.42%	2.84%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.91%	39.23%	38.96%	40.99%	42.11%	36.15%	36.64%	42.47%	41.38%	38.30%	42.89%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	99.57%	93.93%	91.85%	93.92%	95.80%	86.75%	86.36%	91.88%	93.07%	88.77%	92.90%
Earnings before Interest and Taxes (EBIT)	0.75	10	14	11	7.47	26	27	17	14	25	16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	22	27	24	20	39	41	31	29	40	31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.26	1.92	3.68	3.54	3.36	4.96	4.75	6.01	5.40	4.23
Price to Tangible Book Value (P/TBV)	1.36	1.60	2.44	4.62	4.40	4.10	5.95	5.64	7.07	6.28	4.97
Price to Revenue (P/Rev)	0.43	0.47	0.64	1.26	1.20	1.19	1.83	1.78	2.28	2.12	1.66
Price to Earnings (P/E)	0.00	62.87	42.14	51.87	36.37	23.00	25.84	24.32	29.22	28.11	26.49
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.59%	2.37%	1.93%	2.75%	4.35%	3.87%	4.11%	3.42%	3.56%	3.78%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.26	1.87	3.46	3.36	3.81	5.99	5.44	6.91	7.03	5.01
Enterprise Value to Revenue (EV/Rev)	0.52	0.48	0.66	1.29	1.22	1.14	1.75	1.73	2.22	2.01	1.59
Enterprise Value to EBITDA (EV/EBITDA)	4.98	4.29	5.46	10.25	9.27	7.54	10.68	10.27	12.85	11.97	10.41
Enterprise Value to EBIT (EV/EBIT)	18.98	13.28	13.92	23.86	19.87	14.03	18.39	17.33	21.20	20.10	18.87
Enterprise Value to NOPAT (EV/NOPAT)	27.48	19.94	19.28	32.41	26.87	18.94	24.10	23.12	28.34	26.96	25.72
Enterprise Value to Operating Cash Flow (EV/OCF)	8.51	5.91	7.68	14.20	11.97	9.70	13.58	13.54	16.68	17.29	17.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	165.01	27.00	19.39	14.70	19.63	21.02	29.45	40.46	306.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.72	0.73	0.61	0.57	0.48	0.43	0.32	0.24	0.27	0.30
Long-Term Debt to Equity	0.73	0.71	0.72	0.60	0.56	0.47	0.42	0.31	0.23	0.26	0.29
Financial Leverage	0.11	-0.06	0.02	0.13	0.15	-0.08	-0.09	-0.05	-0.05	-0.22	-0.20
Leverage Ratio	2.89	2.93	3.37	3.12	3.07	3.05	2.96	2.70	2.65	2.67	2.58
Compound Leverage Factor	-2.20	2.64	3.16	2.91	2.78	2.96	2.97	2.70	2.66	2.72	2.67
Debt to Total Capital	42.50%	41.77%	42.10%	37.89%	36.45%	32.57%	30.01%	24.31%	19.38%	20.98%	23.19%
Short-Term Debt to Total Capital	0.65%	0.65%	0.67%	0.69%	0.71%	0.70%	0.68%	0.72%	0.74%	0.69%	0.66%
Long-Term Debt to Total Capital	41.85%	41.13%	41.43%	37.20%	35.75%	31.87%	29.33%	23.60%	18.64%	20.29%	22.53%
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	57.50%	58.23%	57.90%	62.11%	63.55%	67.43%	69.99%	75.69%	80.62%	79.02%	76.81%
Debt to EBITDA	2.85	2.39	2.01	1.66	1.47	1.14	0.96	0.72	0.53	0.62	0.78
Net Debt to EBITDA	0.85	0.08	0.16	0.25	0.20	-0.38	-0.46	-0.35	-0.33	-0.63	-0.50
Long-Term Debt to EBITDA	2.81	2.36	1.97	1.63	1.44	1.11	0.94	0.70	0.51	0.60	0.76
Debt to NOPAT	15.74	11.12	7.09	5.24	4.27	2.86	2.17	1.62	1.16	1.40	1.92
Net Debt to NOPAT	4.70	0.36	0.56	0.79	0.57	-0.95	-1.04	-0.78	-0.74	-1.42	-1.24
Long-Term Debt to NOPAT	15.50	10.95	6.98	5.14	4.19	2.80	2.12	1.57	1.12	1.35	1.87
Altman Z-Score	1.09	1.24	1.51	2.16	2.17	2.28	3.04	3.29	3.86	3.44	3.04
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	1.09	1.11	1.09	1.02	1.02	1.08	1.14	1.07	1.00	1.07	1.14
Quick Ratio	0.94	0.99	0.95	0.88	0.87	0.97	1.02	0.94	0.87	0.97	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-62	-40	-9.21	14	18	32	35	17	8.12	-2.50	-36
Operating Cash Flow to CapEx	-4.10%	687.43%	281.60%	-42.14%	142.88%	896.99%	686.46%	-7.21%	161.09%	346.53%	13.87%
Free Cash Flow to Firm to Interest Expense	-21.03	-15.02	-3.21	6.27	8.33	14.12	20.75	10.45	5.82	-2.75	-36.99
Operating Cash Flow to Interest Expense	-0.14	20.42	3.77	-1.14	4.66	29.79	13.73	-0.48	12.95	62.82	3.18
Operating Cash Flow Less CapEx to Interest Expense	-3.59	17.45	2.43	-3.85	1.40	26.47	11.73	-7.08	4.91	44.69	-19.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.94	0.89	0.96	1.00	0.99	1.02	1.10	1.12	1.06	1.08
Accounts Receivable Turnover	21.17	29.19	29.44	27.45	25.61	26.05	29.98	28.19	24.08	21.66	23.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.31	2.53	2.62	2.59	2.67	2.76	2.89	2.97	3.05	3.04	3.04
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	17.24	12.50	12.40	13.30	14.25	14.01	12.17	12.95	15.16	16.85	15.56
Days Inventory Outstanding (DIO)	0.00	0.00	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	0.00	0.00
Cash Conversion Cycle (CCC)	17.24	12.50	12.40	13.30	14.25	14.01	12.17	12.95	15.16	16.85	15.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	270	231	235	254	258	218	222	248	260	239	271
Invested Capital Turnover	2.29	2.93	2.95	2.66	2.68	3.26	3.32	3.12	3.13	3.65	3.47
Increase / (Decrease) in Invested Capital	63	47	20	-5.43	-12	-13	-13	-5.86	2.40	21	48
Enterprise Value (EV)	284	291	439	878	865	833	1,331	1,350	1,797	1,683	1,357
Market Capitalization	235	285	427	856	846	875	1,389	1,396	1,844	1,771	1,422
Book Value per Share	$6.46	$6.63	$6.10	$4.33	$4.45	$4.84	$5.18	$5.41	$5.64	$6.03	$6.17
Tangible Book Value per Share	$5.06	$5.24	$4.80	$3.45	$3.58	$3.97	$4.32	$4.56	$4.79	$5.19	$5.26
Total Capital	383	388	384	375	377	386	400	388	381	415	437
Total Debt	163	162	162	142	137	126	120	94	74	87	101
Total Long-Term Debt	160	160	159	139	135	123	117	92	71	84	99
Net Debt	49	5.19	13	21	18	-42	-58	-46	-47	-89	-65
Capital Expenditures (CapEx)	10	7.84	3.85	5.91	7.01	7.53	3.35	11	11	16	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-98	-134	-131	-114	-114	-148	-146	-124	-118	-156	-133
Debt-free Net Working Capital (DFNWC)	16	23	18	6.39	5.46	20	31	16	2.98	20	34
Net Working Capital (NWC)	14	20	16	3.79	2.80	17	29	13	0.16	17	31
Net Nonoperating Expense (NNE)	0.97	0.79	0.52	0.47	0.51	0.48	-0.04	0.01	-0.15	-0.42	-0.42
Net Nonoperating Obligations (NNO)	50	5.19	13	21	18	-42	-58	-46	-47	-89	-65
Total Depreciation and Amortization (D&A)	12	12	13	13	13	13	14	14	14	15	15
Debt-free, Cash-free Net Working Capital to Revenue	-17.90%	-22.08%	-19.75%	-16.73%	-16.08%	-20.17%	-19.29%	-15.85%	-14.52%	-18.68%	-15.56%
Debt-free Net Working Capital to Revenue	2.93%	3.75%	2.73%	0.94%	0.77%	2.69%	4.12%	2.06%	0.37%	2.37%	3.94%
Net Working Capital to Revenue	2.47%	3.34%	2.34%	0.56%	0.40%	2.32%	3.76%	1.71%	0.02%	2.03%	3.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.11	$0.18	$0.14	$0.09	$0.36	$0.41	$0.21	$0.20	$0.34	$0.24
Adjusted Weighted Average Basic Shares Outstanding	34.07M	33.99M	36.43M	53.76M	53.81M	49.43M	53.99M	54.38M	54.41M	54.30M	54.57M
Adjusted Diluted Earnings per Share	($0.05)	$0.12	$0.17	$0.14	$0.09	$0.35	$0.40	$0.21	$0.19	$0.33	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	34.07M	34.48M	37.44M	54.77M	54.95M	50.85M	55.41M	55.44M	55.64M	55.62M	55.74M
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	34.07M	34.07M	53.73M	53.80M	53.81M	54.03M	54.37M	54.41M	54.42M	54.43M	55.02M
Normalized Net Operating Profit after Tax (NOPAT)	0.46	7.50	11	8.26	5.49	19	22	11	11	18	12
Normalized NOPAT Margin	0.30%	4.40%	6.25%	4.48%	3.10%	9.84%	10.98%	5.52%	5.15%	8.24%	5.62%
Pre Tax Income Margin	-0.37%	5.43%	7.76%	5.73%	3.81%	12.92%	13.67%	8.11%	7.03%	11.49%	7.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.25	3.90	5.03	5.18	3.47	11.54	16.40	10.18	10.26	27.64	16.10
NOPAT to Interest Expense	0.16	2.84	3.80	3.78	2.56	8.52	13.22	6.92	7.54	20.17	12.78
EBIT Less CapEx to Interest Expense	-3.20	0.93	3.69	2.47	0.21	8.22	14.40	3.57	2.22	9.51	-6.80
NOPAT Less CapEx to Interest Expense	-3.29	-0.13	2.46	1.07	-0.71	5.20	11.22	0.31	-0.50	2.04	-10.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.01%	41.14%	30.73%	14.93%	12.18%	2.61%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	60.01%	41.14%	30.73%	14.93%	12.18%	2.61%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Universal Technical Institute (NYSE: UTI) has shown a pattern of solid revenue generation in the 2022–2026 window, with profitability and cash flow that improved notably in late 2024 and throughout 2025. While quarterly results have remained volatile, the company has maintained a positive net income in most periods and kept liquidity at a reasonable level despite ongoing capital activity.

Revenue has shown a stable, growing trend, with quarterly operating revenue around $200M, rising to $222.4M in Q4 2025 and about $220.8M in Q1 2026.
Net income has been positive and generally higher in late 2024 and 2025, including about $18.8M in Q4 2024 and $22.2M in Q1 2025, reflecting improved profitability, before some moderation in later 2025.
Earnings per share have improved, with basic EPS around $0.41 in Q1 2025 and about $0.34 in Q4 2025, indicating constructive profitability per share over the period.
Liquidity remains solid, with cash + short-term investments totaling roughly $163M as of Q1 2026 (cash 93.6M and short-term investments 69.2M), and current assets comfortably covering current liabilities (approx. 248.7M vs. 217.9M in Q1 2026), supporting near-term liquidity.
Operating cash flow swings quarter-to-quarter, with values ranging from positive readings (e.g., Q4 2024 and Q4 2025) to negative ones (e.g., Q2 2025), suggesting working-capital-driven volatility.
Capital spending fluctuates over time, with quarterly purchases of property, plant & equipment in the teens-to-mid-20M range at times and smaller amounts in others, indicating ongoing investment in facilities and equipment.
Debt activity has included periodic borrowings and repayments, creating variability in financing cash flows across quarters.
Net change in cash and cash equivalents has often been negative across quarters (e.g., -$36.7M in Q1 2026 and -$27.1M in Q4 2025), signaling continued cash outflows despite positive net income.
Investing cash outflows remain material (e.g., PPE purchases and investment activity totaling tens of millions per quarter), pressuring near-term liquidity.
Overall, cumulative cash burn from investing and financing activities has dominated quarterly net cash changes in several periods, raising questions about funding sustainability if earnings momentum fades.

05/05/26 04:41 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Universal Technical Institute's Financials

When does Universal Technical Institute's financial year end?

According to the most recent income statement we have on file, Universal Technical Institute's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

How has Universal Technical Institute's net income changed over the last 10 years?

Universal Technical Institute's net income appears to be on an upward trend, with a most recent value of $63.02 million in 2025, falling from -$9.15 million in 2015. The previous period was $42.00 million in 2024. See Universal Technical Institute's forecast for analyst expectations on whatâ€™s next for the company.

What is Universal Technical Institute's operating income?

Universal Technical Institute's total operating income in 2025 was $83.47 million, based on the following breakdown:

Total Gross Profit: $835.62 million
Total Operating Expenses: $752.15 million

How has Universal Technical Institute's revenue changed over the last 10 years?

Over the last 10 years, Universal Technical Institute's total revenue changed from $362.67 million in 2015 to $835.62 million in 2025, a change of 130.4%.

How much debt does Universal Technical Institute have?

Universal Technical Institute's total liabilities were at $498.03 million at the end of 2025, a 2.8% increase from 2024, and a 209.7% increase since 2015.

How much cash does Universal Technical Institute have?

In the past 10 years, Universal Technical Institute's cash and equivalents has ranged from $29.44 million in 2015 to $161.90 million in 2024, and is currently $127.36 million as of their latest financial filing in 2025.

How has Universal Technical Institute's book value per share changed over the last 10 years?

Over the last 10 years, Universal Technical Institute's book value per share changed from 4.70 in 2015 to 6.03 in 2025, a change of 28.2%.

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Financial statements for NYSE:UTI last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Universal Technical Institute (UTI) Financials

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