Utz Brands (UTZ) Financials

$8.30 +0.61 (+7.88%)

Closing price 03:59 PM Eastern

Extended Trading

$8.44 +0.15 (+1.80%)

As of 06:27 PM Eastern

Annual Income Statements for Utz Brands

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

Metric	2018	2019	2021	2022	2023	2024	2025
Period end date	12/30/2018	12/29/2019	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	-31	-16	21	-0.39	-25	16	0.80
Consolidated Net Income / (Loss)	-28	-13	8.00	-14	-40	31	-7.70
Net Income / (Loss) Continuing Operations	-28	-13	8.00	-14	-40	31	-7.70
Total Pre-Tax Income	-26	-10	16	-38	-39	69	-0.60
Total Operating Income	19	39	11	5.34	16	59	20
Total Gross Profit	267	254	384	449	351	369	358
Total Revenue	772	768	1,181	1,408	1,438	1,409	1,439
Operating Revenue	772	768	1,181	1,408	1,438	1,409	1,439
Total Cost of Revenue	505	514	797	959	1,087	1,040	1,081
Operating Cost of Revenue	505	514	797	959	1,087	1,040	1,081
Total Operating Expenses	247	215	373	444	335	310	339
Selling, General & Admin Expense	251	228	375	444	327	310	348
Other Special Charges / (Income)	-4.07	-13	-1.86	-0.69	7.40	0.10	-9.20
Total Other Income / (Expense), net	-45	-49	5.52	-43	-55	11	-20
Interest Expense	46	48	35	44	61	46	44
Other Income / (Expense), net	0.61	-0.58	40	1.12	5.40	57	24
Income Tax Expense	1.92	3.15	8.09	-24	0.80	39	7.10
Net Income / (Loss) Attributable to Noncontrolling Interest	2.86	2.81	-13	-14	-15	15	-8.50
Basic Earnings per Share	$0.00	$0.00	$0.26	$0.00	($0.31)	$0.19	$0.01
Weighted Average Basic Shares Outstanding	0.00	0.00	76.68M	80.09M	81.08M	82.10M	86.58M
Diluted Earnings per Share	$0.00	$0.00	$0.25	$0.00	($0.31)	$0.19	$0.01
Weighted Average Diluted Shares Outstanding	0.00	0.00	81.09M	80.09M	81.08M	85.43M	87.77M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	137.95M	140.36M	140.76M	141.41M	143.78M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	-4.12	16	-28	-3.99	20	-2.20	2.31	7.50	11	-15	-2.50
Consolidated Net Income / (Loss)	-8.55	16	-33	2.40	25	0.80	2.12	5.68	10	-20	-3.28
Net Income / (Loss) Continuing Operations	-8.55	16	-33	2.40	25	0.80	2.12	5.68	10	-20	-3.28
Total Pre-Tax Income	-9.28	6.12	-19	29	24	1.00	15	5.05	6.90	-6.80	-5.75
Total Operating Income	2.66	5.28	10	9.66	23	20	7.24	5.68	6.40	3.30	4.12
Total Gross Profit	117	119	115	120	125	131	119	118	127	127	-14
Total Revenue	363	372	352	347	356	366	341	352	367	378	342
Operating Revenue	363	372	352	347	356	366	341	352	367	378	342
Total Cost of Revenue	245	253	237	227	232	235	222	234	240	251	356
Operating Cost of Revenue	245	253	237	227	232	235	222	234	240	251	356
Total Operating Expenses	115	114	105	110	102	112	112	113	120	124	-18
Selling, General & Admin Expense	114	106	107	109	105	110	112	113	120	123	-7.81
Other Special Charges / (Income)	0.28	8.49	-1.93	0.47	-2.40	1.50	0.48	-0.66	0.90	0.50	-9.94
Total Other Income / (Expense), net	-12	0.84	-29	19	1.60	-19	8.22	-0.62	0.50	-10	-9.88
Interest Expense	15	16	16	14	12	13	8.23	12	11	11	9.60
Other Income / (Expense), net	3.08	16	-14	33	13	-5.90	16	11	12	0.50	-0.28
Income Tax Expense	-0.73	-10	14	27	-1.30	0.20	13	-0.63	-3.20	13	-2.48
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.43	0.22	-5.53	6.39	5.60	3.00	-0.19	-1.82	-0.40	-5.50	-0.78
Basic Earnings per Share	($0.05)	$0.20	($0.35)	($0.05)	$0.24	($0.03)	$0.03	$0.09	$0.12	($0.17)	($0.03)
Weighted Average Basic Shares Outstanding	81.06M	81.14M	81.08M	81.39M	81.46M	82.45M	82.10M	85.72M	86.12M	86.96M	86.58M
Diluted Earnings per Share	($0.05)	$0.19	($0.34)	($0.05)	$0.23	($0.03)	$0.04	$0.09	$0.12	($0.17)	($0.03)
Weighted Average Diluted Shares Outstanding	81.06M	83.44M	81.08M	81.39M	84.95M	82.45M	85.43M	87.54M	87.68M	86.96M	87.77M
Weighted Average Basic & Diluted Shares Outstanding	140.49M	140.49M	140.76M	140.82M	140.88M	140.89M	141.41M	141.41M	141.55M	142.86M	143.78M

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

Metric	2018	2019	2021	2022	2023	2024	2025
Period end date	12/30/2018	12/29/2019	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	-2.79	8.14	-4.93	31	-21	4.10	64
Net Cash From Operating Activities	16	28	48	48	77	106	112
Net Cash From Continuing Operating Activities	16	28	48	48	77	106	112
Net Income / (Loss) Continuing Operations	-28	-13	8.00	-14	-40	31	-7.70
Consolidated Net Income / (Loss)	-28	-13	8.00	-14	-40	31	-7.70
Depreciation Expense	30	29	81	87	80	71	82
Amortization Expense	2.36	0.96	3.92	1.93	1.60	3.20	1.40
Non-Cash Adjustments To Reconcile Net Income	-1.17	-5.04	-26	14	35	-35	-14
Changes in Operating Assets and Liabilities, net	12	16	-19	-40	0.60	36	50
Net Cash From Investing Activities	-2.17	-116	-136	-76	-49	75	-87
Net Cash From Continuing Investing Activities	-2.17	-116	-136	-76	-49	75	-87
Purchase of Property, Plant & Equipment	-13	-20	-32	-88	-56	-99	-103
Acquisitions	0.00	-138	-119	-0.08	0.00	-9.20	0.00
Sale of Property, Plant & Equipment	6.54	45	15	9.35	15	32	31
Divestitures	-	3.01	14	23	29	194	26
Other Investing Activities, net	-	-6.31	-14	-21	-36	-43	-41
Net Cash From Financing Activities	-16	96	83	59	-49	-177	39
Net Cash From Continuing Financing Activities	-16	96	83	59	-49	-177	39
Repayment of Debt	-5.61	-135	-890	-140	-101	-289	-267
Payment of Dividends	-12	-14	-31	-27	-32	-40	-38
Issuance of Debt	1.36	121	946	204	84	154	346
Other Financing Activities, net	0.00	124	57	-6.22	-0.60	-1.40	-2.20

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Net Change in Cash & Equivalents	16	-14	-8.07	-5.02	20	-1.68	-8.75	6.61	-8.11	3.10	63
Net Cash From Operating Activities	4.13	53	28	-9.07	8.90	52	54	-20	16	51	65
Net Cash From Continuing Operating Activities	4.13	53	28	-9.07	8.90	52	54	-20	16	51	65
Net Income / (Loss) Continuing Operations	-8.55	16	-33	2.40	25	0.77	2.12	5.68	10	-20	-3.30
Consolidated Net Income / (Loss)	-8.55	16	-33	2.40	25	0.77	2.12	5.68	10	-20	-3.30
Depreciation Expense	20	20	19	18	18	18	18	19	21	20	22
Amortization Expense	0.45	0.63	0.47	1.76	0.75	0.29	0.35	0.35	0.35	0.30	0.40
Non-Cash Adjustments To Reconcile Net Income	9.38	-4.63	21	-28	-8.73	13	-11	-6.82	-8.38	6.60	-5.20
Changes in Operating Assets and Liabilities, net	-17	22	20	-3.70	-26	21	45	-38	-7.03	44	51
Net Cash From Investing Activities	-17	-6.72	-11	158	-17	-25	-41	-41	-31	-24	8.30
Net Cash From Continuing Investing Activities	-17	-6.72	-11	158	-17	-25	-41	-41	-31	-24	8.30
Purchase of Property, Plant & Equipment	-16	-16	-10	-14	-24	-23	-38	-39	-27	-24	-14
Sale of Property, Plant & Equipment	1.80	9.77	2.06	6.86	19	4.09	1.86	1.23	3.47	1.60	24
Divestitures	6.32	9.24	6.98	175	6.47	5.88	7.11	4.99	6.71	6.00	8.70
Other Investing Activities, net	-8.63	-10	-10	-9.92	-8.92	-12	-12	-8.16	-14	-8.00	-11
Net Cash From Financing Activities	28	-60	-25	-154	28	-29	-22	68	6.14	-24	-11
Net Cash From Continuing Financing Activities	28	-60	-25	-154	28	-29	-22	68	6.14	-24	-11
Repayment of Debt	-5.54	-53	-35	-191	-23	-26	-49	-45	-45	-88	-89
Payment of Dividends	-8.00	-8.02	-8.01	-8.01	-11	-12	-9.25	-8.90	-11	-8.70	-8.90
Issuance of Debt	42	1.03	19	47	62	8.64	36	123	62	73	87

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

Metric	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	1/3/2021	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Total Assets	443	2,584	2,716	2,840	2,747	2,723	2,794
Total Current Assets	1.27	244	278	372	328	317	384
Cash & Equivalents	0.94	47	42	73	52	56	120
Note & Lease Receivable	-	7.67	6.71	9.27	5.24	4.60	4.00
Accounts Receivable	-	118	131	137	135	120	101
Inventories, net	-	60	80	118	105	101	119
Prepaid Expenses	0.32	12	18	35	31	35	40
Plant, Property, & Equipment, net	0.00	270	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	442	2,070	2,438	2,468	2,419	2,406	2,409
Noncurrent Note & Lease Receivables	-	20	21	13	12	9.20	11
Goodwill	-	862	915	915	915	865	865
Intangible Assets	-	1,172	1,143	1,100	1,063	997	964
Other Noncurrent Operating Assets	-	16	360	441	420	535	559
Other Noncurrent Nonoperating Assets	-	-	-	0.00	7.56	0.00	10
Total Liabilities & Shareholders' Equity	443	2,584	2,716	2,840	2,747	2,723	2,794
Total Liabilities	16	1,199	1,282	1,389	1,363	1,341	1,449
Total Current Liabilities	0.15	200	188	237	231	285	323
Short-Term Debt	-	0.47	21	31	29	23	38
Accounts Payable	0.12	57	95	114	124	151	197
Accrued Expenses	0.03	81	71	92	78	78	88
Other Current Liabilities	-	62	-	-	0.00	33	0.00
Total Noncurrent Liabilities	15	999	1,094	1,151	1,132	1,055	1,126
Long-Term Debt	-	778	831	893	879	753	818
Noncurrent Deferred & Payable Income Tax Liabilities	-	74	136	125	115	124	127
Other Noncurrent Operating Liabilities	15	147	127	133	139	179	181
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5.00	1,385	1,435	1,452	1,384	1,382	1,345
Total Preferred & Common Equity	5.00	553	680	703	669	697	714
Total Common Equity	5.00	553	680	703	669	697	714
Common Stock	3.09	793	913	927	945	989	1,037
Retained Earnings	1.91	-241	-237	-255	-298	-305	-327
Accumulated Other Comprehensive Income / (Loss)	-	0.92	3.72	31	23	13	3.30
Noncontrolling Interest	-	832	755	749	714	685	631

This table presents Utz Brands' 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
Period end date	10/2/2022	4/2/2023	7/2/2023	10/1/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025
Total Assets	2,819	2,816	2,841	2,797	2,625	2,650	2,644	2,779	2,837	2,777
Total Current Assets	347	361	383	359	329	354	344	344	391	333
Cash & Equivalents	52	58	74	60	47	67	65	63	55	58
Note & Lease Receivable	9.47	9.08	5.75	5.55	4.99	4.58	4.60	4.34	5.10	5.10
Accounts Receivable	144	137	141	132	135	138	133	135	161	133
Inventories, net	107	123	122	117	105	101	102	108	126	113
Prepaid Expenses	34	34	40	44	37	45	40	35	44	24
Plant, Property, & Equipment, net	334	347	346	330	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	2,138	2,108	2,113	2,108	2,296	2,296	2,300	2,435	2,447	2,443
Noncurrent Note & Lease Receivables	14	11	14	13	11	9.97	9.91	9.11	12	11
Goodwill	915	915	915	915	871	871	871	871	871	871
Intangible Assets	1,110	1,090	1,081	1,071	1,011	1,012	1,004	990	983	973
Other Noncurrent Operating Assets	99	91	102	109	400	403	415	565	582	582
Other Noncurrent Nonoperating Assets	-	-	-	-	3.25	0.00	0.00	-	-	6.70
Total Liabilities & Shareholders' Equity	2,819	2,816	2,841	2,797	2,625	2,650	2,644	2,779	2,837	2,777
Total Liabilities	1,356	1,385	1,421	1,361	1,235	1,244	1,259	1,401	1,459	1,415
Total Current Liabilities	207	213	211	228	235	209	285	261	303	274
Short-Term Debt	15	31	28	29	21	12	23	25	30	33
Accounts Payable	102	111	120	136	116	122	139	157	189	172
Accrued Expenses	76	71	63	63	91	68	75	57	75	69
Other Current Liabilities	14	-	-	-	7.70	7.37	49	22	9.50	0.00
Total Noncurrent Liabilities	1,149	1,172	1,210	1,133	1,000	1,035	974	1,140	1,156	1,140
Long-Term Debt	887	910	948	895	736	786	765	830	843	825
Noncurrent Deferred & Payable Income Tax Liabilities	135	125	123	114	116	116	114	124	123	130
Other Noncurrent Operating Liabilities	127	136	140	124	148	133	96	186	191	186
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	1,463	1,431	1,420	1,436	1,390	1,406	1,385	1,378	1,378	1,362
Total Preferred & Common Equity	709	692	689	706	671	686	686	726	731	725
Total Common Equity	709	692	689	706	671	686	686	726	731	725
Common Stock	941	931	935	939	952	955	972	1,015	1,017	1,033
Retained Earnings	-265	-264	-277	-266	-307	-294	-302	-304	-298	-318
Accumulated Other Comprehensive Income / (Loss)	33	25	30	33	26	24	15	15	12	11
Noncontrolling Interest	754	739	732	730	719	720	699	652	647	637

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

Metric	2018	2019	2021	2022	2023	2024	2025
Period end date	12/30/2018	12/29/2019	1/2/2022	1/1/2023	12/31/2023	12/29/2024	12/28/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-0.49%	0.00%	19.28%	2.12%	-2.01%	2.10%
EBITDA Growth	0.00%	29.81%	0.00%	-29.71%	7.52%	85.32%	-33.16%
EBIT Growth	0.00%	90.95%	0.00%	-87.27%	229.75%	442.35%	-62.80%
NOPAT Growth	0.00%	99.90%	0.00%	-28.80%	199.72%	132.47%	-47.61%
Net Income Growth	0.00%	51.66%	0.00%	-275.56%	-185.11%	176.78%	-125.08%
EPS Growth	0.00%	0.00%	0.00%	-100.00%	0.00%	161.29%	-94.74%
Operating Cash Flow Growth	0.00%	77.76%	0.00%	-0.40%	59.03%	38.53%	5.65%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	251.72%	81.06%	-71.15%
Invested Capital Growth	0.00%	3,057.24%	0.00%	2.60%	-3.12%	-5.57%	-1.49%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	3.97%	-0.18%	-0.78%	0.08%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	6.91%	-8.41%	15.25%	-10.75%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	3,332.00%	-27.06%	30.55%	-31.51%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	165.43%	19.76%	420.85%	644.02%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	68.12%	-671.31%	768.78%	-237.42%
EPS Q/Q Growth	0.00%	0.00%	0.00%	100.00%	-240.91%	200.00%	-87.50%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-7.63%	-14.13%	33.60%	10.58%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	256.24%	-18.50%	188.91%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-0.47%	-2.99%	-0.02%	-3.96%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	34.55%	33.04%	32.52%	31.88%	31.74%	35.11%	24.90%
EBITDA Margin	6.83%	8.91%	11.47%	6.76%	7.12%	13.46%	8.81%
Operating Margin	2.51%	5.04%	0.89%	0.38%	1.11%	4.18%	1.36%
EBIT Margin	2.59%	4.97%	4.30%	0.46%	1.48%	8.20%	2.99%
Profit (Net Income) Margin	-3.58%	-1.74%	0.68%	-1.00%	-2.78%	2.18%	-0.54%
Tax Burden Percent	107.46%	130.79%	49.73%	36.99%	101.93%	44.25%	1,283.33%
Interest Burden Percent	-128.69%	-26.77%	31.67%	-587.25%	-184.26%	60.09%	-1.40%
Effective Tax Rate	0.00%	0.00%	50.27%	0.00%	0.00%	55.75%	0.00%
Return on Invested Capital (ROIC)	0.00%	12.43%	0.23%	0.16%	0.49%	1.20%	0.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-906.69%	0.57%	-1.98%	-5.54%	1.80%	-2.30%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-18.68%	0.32%	-1.14%	-3.32%	1.02%	-1.22%
Return on Equity (ROE)	-6.46%	-6.25%	0.56%	-0.97%	-2.82%	2.22%	-0.56%
Cash Return on Invested Capital (CROIC)	0.00%	-97.38%	0.00%	-2.41%	3.66%	6.93%	2.15%
Operating Return on Assets (OROA)	4.51%	6.25%	1.92%	0.23%	0.76%	4.22%	1.56%
Return on Assets (ROA)	-6.24%	-2.19%	0.30%	-0.51%	-1.43%	1.12%	-0.28%
Return on Common Equity (ROCE)	-0.08%	-0.07%	0.24%	-0.47%	-1.37%	1.10%	-0.29%
Return on Equity Simple (ROE_SIMPLE)	-552.88%	0.00%	1.18%	-2.00%	-5.98%	4.38%	0.00%
Net Operating Profit after Tax (NOPAT)	14	27	5.25	3.74	11	26	14
NOPAT Margin	1.76%	3.53%	0.45%	0.27%	0.78%	1.85%	0.95%
Net Nonoperating Expense Percent (NNEP)	-9.30%	919.12%	-0.34%	2.14%	6.03%	-0.60%	2.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	0.16%	0.49%	1.20%	0.62%
Cost of Revenue to Revenue	65.45%	66.96%	67.49%	68.12%	68.26%	64.89%	75.10%
SG&A Expenses to Revenue	32.56%	29.72%	31.78%	31.55%	30.11%	30.92%	24.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.04%	27.99%	31.62%	31.50%	30.63%	30.93%	23.55%
Earnings before Interest and Taxes (EBIT)	20	38	51	6.46	21	116	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	68	135	95	102	190	127
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	80.56	0.00	1.75	1.77	1.94	1.83	1.28
Price to Tangible Book Value (P/TBV)	80.56	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.52	0.56	1.01	0.88	0.90	0.91	0.64
Price to Earnings (P/E)	0.00	0.00	57.99	0.00	0.00	80.45	1,144.19
Dividend Yield	0.00%	0.00%	1.33%	1.42%	1.43%	1.73%	2.46%
Earnings Yield	0.00%	0.00%	1.72%	0.00%	0.00%	1.24%	0.09%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.32	1.23	1.23	1.28	1.28	1.10
Enterprise Value to Revenue (EV/Rev)	0.50	1.36	2.34	2.02	1.99	1.91	1.59
Enterprise Value to EBITDA (EV/EBITDA)	7.26	15.30	20.36	29.87	28.01	14.18	18.00
Enterprise Value to EBIT (EV/EBIT)	19.13	27.43	54.28	439.97	134.51	23.27	53.08
Enterprise Value to NOPAT (EV/NOPAT)	28.19	38.60	524.74	760.25	255.72	103.20	167.20
Enterprise Value to Operating Cash Flow (EV/OCF)	24.29	37.40	56.98	59.01	37.41	25.34	20.34
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	34.54	17.90	50.77
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.59	0.64	0.66	0.56	0.64
Long-Term Debt to Equity	0.00	0.00	0.58	0.62	0.63	0.54	0.61
Financial Leverage	-1.04	0.02	0.56	0.58	0.60	0.57	0.53
Leverage Ratio	1.04	2.86	1.88	1.93	1.97	1.98	2.02
Compound Leverage Factor	-1.33	-0.76	0.60	-11.31	-3.63	1.19	-0.03
Debt to Total Capital	0.00%	100.00%	37.26%	38.90%	39.60%	35.85%	38.90%
Short-Term Debt to Total Capital	0.00%	0.98%	0.93%	1.31%	1.25%	1.06%	1.72%
Long-Term Debt to Total Capital	0.00%	99.02%	36.32%	37.60%	38.35%	34.79%	37.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	98.83%	-1.14%	33.02%	31.50%	31.17%	31.68%	28.68%
Common Equity to Total Capital	1.17%	0.00%	29.73%	29.59%	29.22%	32.47%	32.43%
Debt to EBITDA	0.00	9.36	6.29	9.71	8.86	4.09	6.75
Net Debt to EBITDA	0.00	9.14	5.98	8.94	8.36	3.79	5.80
Long-Term Debt to EBITDA	0.00	9.26	6.13	9.38	8.58	3.97	6.45
Debt to NOPAT	0.00	23.60	162.14	247.11	80.92	29.75	62.72
Net Debt to NOPAT	0.00	23.05	154.17	227.62	76.28	27.60	53.90
Long-Term Debt to NOPAT	0.00	23.37	158.08	238.81	78.36	28.87	59.94
Altman Z-Score	17.39	1.58	0.97	0.97	1.01	1.09	0.81
Noncontrolling Interest Sharing Ratio	98.83%	98.83%	56.28%	52.09%	51.59%	50.50%	48.27%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	8.48	1.71	1.48	1.57	1.42	1.11	1.19
Quick Ratio	6.33	1.20	0.96	0.92	0.83	0.63	0.70
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-440	0.00	-55	83	150	45
Operating Cash Flow to CapEx	242.45%	0.00%	285.57%	61.30%	187.94%	158.25%	155.62%
Free Cash Flow to Firm to Interest Expense	0.00	-9.09	0.00	-1.23	1.37	3.26	1.03
Operating Cash Flow to Interest Expense	0.34	0.58	1.39	1.08	1.26	2.30	2.57
Operating Cash Flow Less CapEx to Interest Expense	0.20	1.10	0.91	-0.68	0.59	0.85	0.92
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	1.74	1.26	0.45	0.51	0.51	0.51	0.52
Accounts Receivable Turnover	0.00	0.00	9.46	10.50	10.57	11.05	13.04
Inventory Turnover	0.00	0.00	11.44	9.71	8.82	8.88	9.79
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	4,389.90	20.94	10.44	9.15	8.23	6.64	6.20
Days Sales Outstanding (DSO)	0.00	0.00	38.59	34.78	34.53	33.02	27.99
Days Inventory Outstanding (DIO)	0.00	0.00	31.91	37.58	41.39	41.12	37.28
Days Payable Outstanding (DPO)	0.08	17.43	34.96	39.90	44.38	54.94	58.85
Cash Conversion Cycle (CCC)	-0.08	-17.43	35.55	32.45	31.55	19.20	6.43
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	-15	452	2,245	2,303	2,231	2,107	2,070
Invested Capital Turnover	-50.53	3.52	0.53	0.62	0.63	0.65	0.69
Increase / (Decrease) in Invested Capital	0.00	467	0.00	58	-72	-124	-31
Enterprise Value (EV)	383	1,047	2,757	2,844	2,867	2,690	2,282
Market Capitalization	403	429	1,192	1,244	1,298	1,285	915
Book Value per Share	$0.09	$0.00	$4.96	$5.02	$4.77	$4.99	$5.00
Tangible Book Value per Share	$0.09	$0.00	($10.07)	($9.36)	($9.32)	($8.27)	($7.81)
Total Capital	428	640	2,287	2,376	2,291	2,163	2,201
Total Debt	0.00	640	852	924	907	775	856
Total Long-Term Debt	0.00	634	831	893	879	752	818
Net Debt	-443	625	810	851	855	719	736
Capital Expenditures (CapEx)	6.50	-25	17	79	41	67	72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.17	68	69	93	74	-1.14	-21
Debt-free Net Working Capital (DFNWC)	1.12	83	111	166	126	55	99
Net Working Capital (NWC)	1.12	77	90	135	97	32	61
Net Nonoperating Expense (NNE)	41	40	-2.74	18	51	-4.67	21
Net Nonoperating Obligations (NNO)	-443	452	810	851	848	719	725
Total Depreciation and Amortization (D&A)	33	30	85	89	81	74	84
Debt-free, Cash-free Net Working Capital to Revenue	0.02%	8.83%	5.87%	6.60%	5.15%	-0.08%	-1.48%
Debt-free Net Working Capital to Revenue	0.14%	10.79%	9.42%	11.77%	8.77%	3.90%	6.89%
Net Working Capital to Revenue	0.14%	9.97%	7.61%	9.57%	6.77%	2.27%	4.25%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.12	$0.26	$0.00	($0.31)	$0.19	$0.01
Adjusted Weighted Average Basic Shares Outstanding	0.00	55.88M	76.68M	80.09M	81.08M	82.10M	86.58M
Adjusted Diluted Earnings per Share	$0.00	$0.12	$0.25	$0.00	($0.31)	$0.19	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	0.00	55.88M	81.09M	80.09M	81.08M	85.43M	87.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.12	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	55.88M	137.95M	140.36M	140.76M	141.41M	143.78M
Normalized Net Operating Profit after Tax (NOPAT)	11	18	6.09	3.26	16	41	7.21
Normalized NOPAT Margin	1.39%	2.32%	0.52%	0.23%	1.14%	2.93%	0.50%
Pre Tax Income Margin	-3.33%	-1.33%	1.36%	-2.70%	-2.73%	4.93%	-0.04%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.44	0.79	1.46	0.15	0.35	2.51	0.99
NOPAT to Interest Expense	0.30	0.56	0.15	0.08	0.19	0.57	0.31
EBIT Less CapEx to Interest Expense	0.30	1.31	0.98	-1.62	-0.32	1.05	-0.67
NOPAT Less CapEx to Interest Expense	0.15	1.08	-0.34	-1.69	-0.49	-0.89	-1.34
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	-43.81%	-104.67%	386.28%	-190.67%	-80.14%	130.31%	-489.61%
Augmented Payout Ratio	-43.81%	-104.67%	386.28%	-190.67%	-80.14%	130.31%	-489.61%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.63%	2.49%	-0.72%	-1.40%	-1.84%	-1.70%	-3.14%	1.60%	2.95%	3.37%	0.36%
EBITDA Growth	-20.22%	24.75%	-36.32%	261.45%	103.60%	-25.41%	152.32%	-42.47%	-26.02%	-21.97%	-36.80%
EBIT Growth	-44.84%	87.67%	-174.06%	1,675.40%	520.45%	-37.55%	804.13%	-60.13%	-48.60%	-72.06%	-83.72%
NOPAT Growth	-49.72%	33.20%	35.08%	154.45%	1,175.35%	15.34%	-86.06%	697.59%	-60.49%	-85.19%	191.01%
Net Income Growth	-436.07%	991.92%	-340.20%	116.55%	397.52%	-95.24%	106.39%	136.88%	-60.24%	-2,625.00%	-255.87%
EPS Growth	-225.00%	2,000.00%	-278.95%	54.55%	560.00%	-115.79%	111.76%	280.00%	-47.83%	-466.67%	-175.00%
Operating Cash Flow Growth	-57.60%	55.64%	-31.43%	-7.37%	115.50%	-2.48%	97.07%	-123.03%	84.07%	-1.92%	19.74%
Free Cash Flow Firm Growth	98.40%	397.00%	248.41%	656.55%	22,750.28%	647.16%	58.67%	-130.59%	-123.96%	-121.97%	-73.85%
Invested Capital Growth	0.12%	-0.60%	-3.12%	-9.39%	-7.98%	-8.37%	-5.57%	3.49%	2.78%	2.28%	-1.49%
Revenue Q/Q Growth	3.25%	2.48%	-5.31%	-1.58%	2.79%	2.62%	-6.70%	3.24%	4.15%	3.03%	-9.42%
EBITDA Q/Q Growth	52.43%	58.48%	-60.75%	281.23%	-14.14%	-41.94%	32.77%	-13.08%	10.40%	-38.61%	7.13%
EBIT Q/Q Growth	311.45%	277.16%	-115.54%	1,371.46%	-16.72%	-62.04%	75.16%	-28.00%	7.31%	-79.24%	1.21%
NOPAT Q/Q Growth	226.84%	651.09%	-49.08%	-88.77%	2,870.75%	-32.07%	-93.85%	542.31%	46.88%	-75.34%	24.97%
Net Income Q/Q Growth	40.94%	289.58%	-304.82%	107.22%	961.62%	-96.97%	174.74%	167.70%	77.88%	-300.00%	83.77%
EPS Q/Q Growth	54.55%	480.00%	-278.95%	85.29%	560.00%	-113.04%	233.33%	125.00%	33.33%	-241.67%	82.35%
Operating Cash Flow Q/Q Growth	148.89%	1,194.69%	-48.53%	-132.95%	198.14%	485.90%	4.01%	-137.29%	180.71%	213.76%	26.76%
Free Cash Flow Firm Q/Q Growth	97.65%	3,125.19%	182.57%	152.03%	-4.16%	-0.21%	-39.99%	-153.30%	24.93%	8.72%	174.75%
Invested Capital Q/Q Growth	0.34%	-0.95%	-2.99%	-5.71%	1.91%	-1.37%	-0.02%	2.98%	1.21%	-1.85%	-3.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.35%	32.07%	32.75%	34.51%	35.02%	35.85%	35.02%	33.58%	34.58%	33.59%	-3.98%
EBITDA Margin	7.30%	11.29%	4.68%	18.13%	15.15%	8.57%	12.19%	10.27%	10.88%	6.48%	7.67%
Operating Margin	0.73%	1.42%	2.89%	2.79%	6.33%	5.33%	2.12%	1.61%	1.75%	0.87%	1.21%
EBIT Margin	1.58%	5.82%	-0.96%	12.34%	10.00%	3.70%	6.95%	4.84%	4.99%	1.01%	1.12%
Profit (Net Income) Margin	-2.36%	4.36%	-9.43%	0.69%	7.14%	0.21%	0.62%	1.61%	2.75%	-5.35%	-0.96%
Tax Burden Percent	92.19%	265.12%	174.62%	8.28%	105.42%	82.83%	13.72%	112.37%	146.38%	297.06%	56.98%
Interest Burden Percent	-161.61%	28.25%	565.40%	67.66%	67.77%	6.89%	65.25%	29.63%	37.70%	-178.95%	-149.58%
Effective Tax Rate	0.00%	-165.12%	0.00%	91.72%	-5.42%	17.17%	86.28%	-12.37%	-46.38%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.32%	2.35%	1.28%	0.15%	4.27%	2.85%	0.19%	1.20%	1.68%	0.41%	0.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.86%	2.61%	-3.46%	0.35%	4.48%	0.91%	0.33%	1.11%	1.78%	-2.56%	-0.27%
Return on Net Nonoperating Assets (RNNOA)	-0.53%	1.54%	-2.08%	0.20%	2.59%	0.51%	0.19%	0.60%	0.99%	-1.41%	-0.14%
Return on Equity (ROE)	-0.21%	3.89%	-0.79%	0.35%	6.85%	3.36%	0.38%	1.80%	2.67%	-1.00%	0.44%
Cash Return on Invested Capital (CROIC)	0.58%	1.01%	3.66%	5.54%	8.89%	8.37%	6.93%	-1.51%	-1.56%	-2.37%	2.15%
Operating Return on Assets (OROA)	0.81%	2.99%	-0.49%	6.50%	5.20%	1.93%	3.58%	2.54%	2.59%	0.53%	0.59%
Return on Assets (ROA)	-1.20%	2.24%	-4.86%	0.36%	3.71%	0.11%	0.32%	0.84%	1.43%	-2.84%	-0.50%
Return on Common Equity (ROCE)	-0.10%	1.90%	-0.38%	0.17%	3.33%	1.66%	0.19%	0.91%	1.36%	-0.51%	0.23%
Return on Equity Simple (ROE_SIMPLE)	-1.12%	0.99%	0.00%	-3.45%	1.58%	-0.67%	0.00%	4.69%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.86	14	7.12	0.80	24	16	0.99	6.38	9.37	2.31	2.89
NOPAT Margin	0.51%	3.76%	2.02%	0.23%	6.67%	4.41%	0.29%	1.81%	2.55%	0.61%	0.84%
Net Nonoperating Expense Percent (NNEP)	1.17%	-0.26%	4.75%	-0.20%	-0.21%	1.94%	-0.14%	0.09%	-0.09%	2.97%	0.85%
Return On Investment Capital (ROIC_SIMPLE)	-	-	0.31%	-	-	-	0.05%	0.29%	0.42%	0.10%	0.13%
Cost of Revenue to Revenue	67.65%	67.93%	67.25%	65.49%	64.98%	64.15%	64.98%	66.42%	65.42%	66.41%	103.98%
SG&A Expenses to Revenue	31.54%	28.37%	30.41%	31.58%	29.36%	30.11%	32.76%	32.16%	32.59%	32.58%	-2.28%
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	31.62%	30.66%	29.86%	31.72%	28.70%	30.52%	32.90%	31.97%	32.83%	32.72%	-5.19%
Earnings before Interest and Taxes (EBIT)	5.74	22	-3.36	43	36	14	24	17	18	3.80	3.85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	42	16	63	54	31	42	36	40	25	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.90	1.52	1.94	2.22	1.98	2.15	1.83	1.66	1.47	1.44	1.28
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	0.00
Price to Revenue (P/Rev)	0.91	0.74	0.90	1.04	0.95	1.04	0.91	0.85	0.75	0.73	0.64
Price to Earnings (P/E)	1,745.77	60.84	0.00	0.00	324.96	0.00	80.45	43.92	58.98	184.39	1,144.19
Dividend Yield	1.40%	1.72%	1.43%	1.25%	1.52%	1.49%	1.73%	1.93%	2.12%	2.10%	2.46%
Earnings Yield	0.06%	1.64%	0.00%	0.00%	0.31%	0.00%	1.24%	2.28%	1.70%	0.54%	0.09%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.16	1.28	1.39	1.31	1.38	1.28	1.22	1.15	1.15	1.10
Enterprise Value to Revenue (EV/Rev)	2.05	1.85	1.99	2.04	1.97	2.04	1.91	1.87	1.78	1.73	1.59
Enterprise Value to EBITDA (EV/EBITDA)	28.42	23.86	28.01	19.74	16.01	17.61	14.18	16.26	17.03	17.47	18.00
Enterprise Value to EBIT (EV/EBIT)	153.85	91.27	134.51	43.68	29.03	32.73	23.27	29.49	34.95	39.53	53.08
Enterprise Value to NOPAT (EV/NOPAT)	181.77	284.87	255.72	0.00	218.18	0.00	103.20	64.66	99.05	0.00	167.20
Enterprise Value to Operating Cash Flow (EV/OCF)	41.90	29.88	37.41	38.39	34.74	36.47	25.34	27.90	24.75	24.46	20.34
Enterprise Value to Free Cash Flow (EV/FCFF)	219.60	114.45	34.54	23.87	14.16	15.71	17.90	0.00	0.00	0.00	50.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.64	0.66	0.54	0.57	0.57	0.56	0.62	0.63	0.63	0.64
Long-Term Debt to Equity	0.67	0.62	0.63	0.53	0.56	0.55	0.54	0.60	0.61	0.61	0.61
Financial Leverage	0.62	0.59	0.60	0.56	0.58	0.56	0.57	0.54	0.56	0.55	0.53
Leverage Ratio	1.96	1.94	1.97	1.93	1.94	1.93	1.98	1.95	1.97	1.97	2.02
Compound Leverage Factor	-3.16	0.55	11.14	1.31	1.32	0.13	1.29	0.58	0.74	-3.53	-3.03
Debt to Total Capital	40.72%	39.16%	39.60%	35.25%	36.20%	36.27%	35.85%	38.30%	38.78%	38.64%	38.90%
Short-Term Debt to Total Capital	1.16%	1.23%	1.25%	0.96%	0.55%	1.06%	1.06%	1.10%	1.34%	1.49%	1.72%
Long-Term Debt to Total Capital	39.56%	37.93%	38.35%	34.29%	35.65%	35.20%	34.79%	37.20%	37.44%	37.15%	37.17%
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	30.54%	30.94%	31.17%	33.49%	32.67%	32.17%	31.68%	29.20%	28.73%	28.68%	28.68%
Common Equity to Total Capital	28.74%	29.91%	29.22%	31.26%	31.13%	31.56%	32.47%	32.50%	32.49%	32.67%	32.43%
Debt to EBITDA	9.43	8.27	8.86	5.12	4.55	4.79	4.09	5.25	5.86	6.04	6.75
Net Debt to EBITDA	8.72	7.73	8.36	4.80	4.17	4.39	3.79	4.86	5.49	5.63	5.80
Long-Term Debt to EBITDA	9.16	8.01	8.58	4.98	4.48	4.65	3.97	5.09	5.66	5.81	6.45
Debt to NOPAT	60.33	98.71	80.92	-7.96	62.00	-96.99	29.75	20.86	34.09	-341.92	62.72
Net Debt to NOPAT	55.77	92.29	76.28	-7.46	56.83	-89.01	27.60	19.33	31.95	-318.92	53.90
Long-Term Debt to NOPAT	58.60	95.62	78.36	-7.74	61.07	-94.15	28.87	20.26	32.91	-328.72	59.94
Altman Z-Score	1.00	0.94	0.98	1.20	1.15	1.12	0.98	0.93	0.85	0.83	0.76
Noncontrolling Interest Sharing Ratio	51.55%	51.20%	51.59%	51.68%	51.36%	50.67%	50.50%	49.54%	49.09%	48.63%	48.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.58	1.42	1.40	1.69	1.21	1.11	1.32	1.29	1.22	1.19
Quick Ratio	1.05	0.87	0.83	0.80	1.00	0.71	0.63	0.77	0.73	0.72	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.92	28	79	218	209	209	125	-67	-50	-46	34
Operating Cash Flow to CapEx	28.57%	924.49%	345.56%	-133.92%	164.56%	274.27%	150.98%	-53.82%	69.64%	233.79%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.06	1.80	5.04	15.78	18.21	16.57	15.22	-5.56	-4.40	-4.31	3.56
Operating Cash Flow to Interest Expense	0.27	3.44	1.76	-0.66	0.77	4.14	6.59	-1.68	1.43	4.83	6.76
Operating Cash Flow Less CapEx to Interest Expense	-0.69	3.07	1.25	-1.14	0.30	2.63	2.22	-4.82	-0.62	2.76	7.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.51	0.51	0.53	0.52	0.52	0.51	0.52	0.52	0.53	0.52
Accounts Receivable Turnover	9.77	10.44	10.57	10.53	10.23	10.72	11.05	10.47	9.53	10.80	13.04
Inventory Turnover	8.80	8.79	8.82	8.44	8.50	8.52	8.88	8.69	8.22	8.82	9.79
Fixed Asset Turnover	4.19	4.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	9.06	8.29	8.23	8.49	7.85	6.77	6.64	6.75	5.99	6.09	6.20
Days Sales Outstanding (DSO)	37.35	34.97	34.53	34.67	35.68	34.04	33.02	34.86	38.32	33.79	27.99
Days Inventory Outstanding (DIO)	41.49	41.55	41.39	43.27	42.96	42.84	41.12	42.02	44.40	41.37	37.28
Days Payable Outstanding (DPO)	40.29	44.06	44.38	43.01	46.48	53.93	54.94	54.10	60.90	59.98	58.85
Cash Conversion Cycle (CCC)	38.55	32.46	31.55	34.93	32.16	22.96	19.20	22.78	21.81	15.18	6.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,322	2,300	2,231	2,097	2,137	2,108	2,107	2,170	2,196	2,156	2,070
Invested Capital Turnover	0.62	0.62	0.63	0.65	0.64	0.64	0.65	0.66	0.66	0.67	0.69
Increase / (Decrease) in Invested Capital	2.79	-14	-72	-217	-185	-193	-124	73	59	48	-31
Enterprise Value (EV)	2,939	2,667	2,867	2,918	2,806	2,898	2,690	2,651	2,536	2,482	2,282
Market Capitalization	1,306	1,073	1,298	1,489	1,356	1,476	1,285	1,206	1,071	1,045	915
Book Value per Share	$4.90	$5.02	$4.77	$4.77	$4.87	$4.87	$4.99	$5.13	$5.17	$5.12	$5.00
Tangible Book Value per Share	($9.31)	($9.11)	($9.32)	($8.60)	($8.50)	($8.44)	($8.27)	($8.03)	($7.94)	($7.90)	($7.81)
Total Capital	2,396	2,360	2,291	2,147	2,203	2,172	2,163	2,233	2,251	2,220	2,201
Total Debt	976	924	907	757	798	788	775	855	873	858	856
Total Long-Term Debt	948	895	879	736	786	765	752	830	843	825	818
Net Debt	902	864	855	710	731	723	719	792	818	800	736
Capital Expenditures (CapEx)	14	5.78	7.96	6.77	5.41	19	36	38	23	22	-11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	126	100	74	67	90	17	-1.14	45	63	35	-21
Debt-free Net Working Capital (DFNWC)	200	160	126	114	157	82	55	107	117	92	99
Net Working Capital (NWC)	172	131	97	94	145	59	32	83	87	59	61
Net Nonoperating Expense (NNE)	10	-2.22	40	-1.60	-1.69	15	-1.13	0.70	-0.73	23	6.16
Net Nonoperating Obligations (NNO)	902	864	848	707	731	723	719	792	818	794	725
Total Depreciation and Amortization (D&A)	21	20	20	20	18	18	18	19	22	21	22
Debt-free, Cash-free Net Working Capital to Revenue	8.81%	6.93%	5.15%	4.69%	6.33%	1.21%	-0.08%	3.15%	4.41%	2.41%	-1.48%
Debt-free Net Working Capital to Revenue	13.96%	11.10%	8.77%	7.96%	11.00%	5.78%	3.90%	7.59%	8.24%	6.43%	6.89%
Net Working Capital to Revenue	12.01%	9.09%	6.77%	6.52%	10.16%	4.15%	2.27%	5.86%	6.12%	4.12%	4.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	$0.20	($0.35)	($0.05)	$0.24	($0.03)	$0.03	$0.09	$0.12	($0.17)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	81.06M	81.14M	81.08M	81.39M	81.46M	82.45M	82.10M	85.72M	86.12M	86.96M	86.58M
Adjusted Diluted Earnings per Share	($0.05)	$0.19	($0.34)	($0.05)	$0.23	($0.03)	$0.04	$0.09	$0.12	($0.17)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	81.06M	83.44M	81.08M	81.39M	84.95M	82.45M	85.43M	87.54M	87.68M	86.96M	87.77M
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	140.49M	140.49M	140.76M	140.82M	140.88M	140.89M	141.41M	141.41M	141.55M	142.86M	143.78M
Normalized Net Operating Profit after Tax (NOPAT)	2.06	9.64	5.78	7.09	14	17	5.40	3.51	5.11	2.66	-4.07
Normalized NOPAT Margin	0.57%	2.59%	1.64%	2.05%	3.96%	4.75%	1.58%	1.00%	1.39%	0.70%	-1.19%
Pre Tax Income Margin	-2.56%	1.64%	-5.40%	8.35%	6.78%	0.26%	4.53%	1.44%	1.88%	-1.80%	-1.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.38	1.39	-0.21	3.09	3.10	1.07	2.88	1.42	1.61	0.36	0.40
NOPAT to Interest Expense	0.12	0.90	0.46	0.06	2.07	1.28	0.12	0.53	0.82	0.22	0.30
EBIT Less CapEx to Interest Expense	-0.58	1.02	-0.72	2.60	2.63	-0.44	-1.48	-1.71	-0.45	-1.71	1.53
NOPAT Less CapEx to Interest Expense	-0.84	0.53	-0.05	-0.43	1.60	-0.23	-4.24	-2.60	-1.23	-1.85	1.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-362.24%	451.53%	-80.14%	-138.39%	322.14%	-844.60%	130.31%	120.36%	220.39%	-1,667.53%	-489.61%
Augmented Payout Ratio	-362.24%	451.53%	-80.14%	-138.39%	322.14%	-844.60%	130.31%	120.36%	220.39%	-1,667.53%	-489.61%

Financials Breakdown Chart

Key Financial Trends

Here are 10 key points drawn from Utz Brands, Inc. (UTZ) quarterly statements for the last four years (Q1–Q4 2025 through Q1–Q4 2022), highlighting trends a retail investor may care about.

Revenue stability in 2025: Q4 2025 revenue was $342.22 million, essentially flat to Q4 2024’s $341.05 million, suggesting steady top-line demand despite quarterly volatility.
Strong quarterly operating cash flow in late 2025: Net cash from continuing operating activities reached $64.90 million in Q4 2025, contributing to solid cash generation alongside recent quarters showing ongoing positive CFO.
Dividend payments indicate ongoing shareholder value return: UTZ paid dividends in Q3 2025 (~$8.7 million) and in Q4 2025 (~$8.9 million), reflecting a steady cash return to shareholders.
Continued access to debt markets: Q4 2025 included debt issuance of $87.1 million, signaling liquidity access to support operations and capital needs.
Large goodwill and intangible asset base: Goodwill (~$870.7 million) and intangible assets (~$973 million in Q3 2025) create a sizable non-cash asset base that could pose impairment risk if margins deteriorate.
Near-term liquidity snapshot: Cash & equivalents (~$57.7 million in Q3 2025) and total current assets (~$333.4 million) provide near-term liquidity, but leverage remains a consideration.
Earnings volatility across quarters: 2025 saw mixed results (positive in Q2, negative in Q1, Q3, and Q4), underscoring earnings volatility tied to cost dynamics and seasonality.
Gross margin weakness in Q4 2025: Total gross profit was negative (-$13.63 million) as cost of revenue ($355.85 million) exceeded revenue ($342.22 million) for the quarter, signaling margin pressure.
Near-term profitability challenges: Net income attributable to common shareholders was negative in several 2025 quarters (e.g., -$2.50 million in Q4 2025 and -$14.70 million in Q3 2025), indicating ongoing profitability struggles.
Elevated leverage and debt load: Long-term debt around $0.825 billion (Q3 2025) and total debt near $0.86 billion across 2025 periods, with equity around $0.72–0.73 billion, reflecting substantial leverage and sensitivity to interest costs.
Financing outflows persist: Net cash from financing activities was negative in multiple quarters (e.g., -$10.5 million in Q4 2025; -$24.2 million in Q3 2025), highlighting ongoing debt service and shareholder-return pressures.

05/06/26 07:51 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Utz Brands' Financials

When does Utz Brands' financial year end?

According to the most recent income statement we have on file, Utz Brands' fiscal year ends in December. Their fiscal year 2025 ended on December 28, 2025.

How has Utz Brands' net income changed over the last 6 years?

Utz Brands' net income appears to be on a downward trend, with a most recent value of -$7.70 million in 2025, falling from -$27.64 million in 2018. The previous period was $30.70 million in 2024. Check out Utz Brands' forecast to explore projected trends and price targets.

What is Utz Brands' operating income?

Utz Brands' total operating income in 2025 was $19.50 million, based on the following breakdown:

Total Gross Profit: $358.30 million
Total Operating Expenses: $338.80 million

How has Utz Brands' revenue changed over the last 6 years?

Over the last 6 years, Utz Brands' total revenue changed from $772.04 million in 2018 to $1.44 billion in 2025, a change of 86.4%.

How much debt does Utz Brands have?

Utz Brands' total liabilities were at $1.45 billion at the end of 2025, a 8.1% increase from 2024, and a 9,186.9% increase since 2018.

How much cash does Utz Brands have?

In the past 6 years, Utz Brands' cash and equivalents has ranged from $944.89 thousand in 2018 to $120.40 million in 2025, and is currently $120.40 million as of their latest financial filing in 2025.

How has Utz Brands' book value per share changed over the last 6 years?

Over the last 6 years, Utz Brands' book value per share changed from 0.09 in 2018 to 5.00 in 2025, a change of 5,481.9%.

Related Companies

Financial statements for NYSE:UTZ last updated on 2/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Utz Brands (UTZ) Financials

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Utz Brands (UTZ) Financials

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