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UNF

UniFirst Corporation

UNF

UniFirst Corporation • NYSE
$172.55 ▲ 0.41% (+0.70)
Market Cap $3.20 B
52w High $243.70
52w Low $147.66
Dividend Yield 1.40%
P/E 21.65
Volume 157.56K
Outstanding Shares 18.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $614.447M ▲ $182.859M ▲ $41.027M ▲ 6.677% ▲ $2.32 ▲ $89.445M ▲
Q3-2025 $610.778M ▲ $177.412M ▲ $39.68M ▲ 6.497% ▲ $2.22 ▲ $88.117M ▲
Q2-2025 $602.219M ▼ $176.86M ▲ $24.459M ▼ 4.061% ▼ $1.37 ▼ $66.16M ▼
Q1-2025 $604.908M ▼ $168.323M ▲ $43.105M ▼ 7.126% ▲ $2.41 ▼ $90.339M ▼
Q4-2024 $639.867M $139.236M $44.635M 6.976% $2.49 $91.734M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $209.173M ▼ $2.778B ▲ $609.198M ▲ $2.169B ▼
Q3-2025 $211.91M ▲ $2.76B ▲ $585.236M ▼ $2.175B ▲
Q2-2025 $200.979M ▲ $2.733B ▲ $589.806M ▲ $2.144B ▲
Q1-2025 $180.98M ▲ $2.702B ▲ $568.105M ▼ $2.134B ▲
Q4-2024 $175.076M $2.696B $587.902M $2.109B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $41.027M ▲ $99.227M ▲ $-56.587M ▼ $-51.641M ▼ $-8.409M ▼ $54.705M ▲
Q3-2025 $39.68M ▲ $68.177M ▼ $-31.235M ▼ $-19.453M ▼ $19.736M ▼ $24.44M ▼
Q2-2025 $-43.105M ▼ $70.18M ▲ $-29.765M ▲ $-13.344M ▲ $25.928M ▲ $37.66M ▼
Q1-2025 $43.105M ▼ $58.124M ▼ $-37.46M ▲ $-15.551M ▼ $4.675M ▼ $58.124M ▼
Q4-2024 $44.635M $102.257M $-37.943M $-14.234M $49.325M $63.777M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Corporate Segment
Corporate Segment
 $40.00M ▲$10.00M ▼$20.00M ▲$10.00M ▼
First Aid
First Aid
 $80.00M ▲$30.00M ▼$30.00M ▲$30.00M ▲
M F G
M F G
 $240.00M ▲$80.00M ▼$70.00M ▼$70.00M ▲
Specialty Garments
Specialty Garments
 $130.00M ▲$50.00M ▼$40.00M ▼$50.00M ▲
U Sand Canadian Rentaland Cleaning M F Gand Corporate Segments
U Sand Canadian Rentaland Cleaning M F Gand Corporate Segments
 $1.61Bn ▲$530.00M ▼$530.00M ▲$530.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, though the most recent year looks more flat at the top line. Profitability dipped in the middle of the period and has since recovered, with earnings now roughly back to earlier high points. That said, the pattern in gross profit suggests some cost pressure recently, even as sales held up. Overall, this looks like a mature, fairly stable business with decent margins, but not one that is immune to swings in labor, energy, and other operating costs.

Balance Sheet

Balance Sheet The balance sheet appears conservative and sturdy. Assets have been building over time, reflecting ongoing investment in plants, equipment, and technology. Debt levels are low relative to the size of the business, and equity has grown consistently, suggesting profits are being retained to strengthen the company rather than relying heavily on borrowing. The cash position has moved around from year to year, but there is no obvious sign of financial strain. Overall, the company looks well-capitalized with modest leverage and a solid cushion for downturns.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has improved over the period, especially compared with a weaker patch a few years ago. Free cash flow has generally been positive, though it has occasionally been squeezed by heavy investment spending. Capital expenditure is clearly a priority: the company is putting meaningful amounts back into facilities, automation, and systems. This pattern—healthy operating cash flow plus sizable reinvestment—fits a capital‑intensive, service‑driven industrial business that is trying to modernize and expand its network.

Competitive Edge

Competitive Edge UniFirst operates in a scale‑driven, capital‑intensive niche where building and running modern plants, distribution centers, and route networks creates a natural barrier to entry. Its vertical integration—manufacturing a large share of its own garments—gives it control over quality, supply, and product design, which smaller rivals usually lack. A wide range of specialized uniforms and facility services, along with niche offerings for highly regulated industries, helps it stand out and deepens customer relationships. The company also emphasizes long‑term service and retention, which is important in a contract‑based business where switching providers can be disruptive for customers. The main competitive risks are ongoing price and service pressure from other large industry players and the need to keep investing just to maintain this edge.

Innovation and R&D

Innovation and R&D Innovation here is less about lab research and more about process, technology, and product differentiation. UniFirst has been upgrading plants with automation, robotics, and energy‑efficient equipment, aiming to lower costs, improve reliability, and support sustainability claims. Large investments in new ERP and CRM systems signal a push toward better data, smoother operations, and more tailored customer service. On the product side, in‑house manufacturing and proprietary brands give room to develop specialized fabrics, safety features, and potentially “smarter” or more sustainable garments over time. The key execution risk is that big technology projects can be expensive, disruptive, and slow to deliver the expected benefits if not managed carefully.

Summary

Overall, UniFirst looks like a financially solid, moderately growing industrial services company with a conservative balance sheet and improving cash generation. Its competitive strengths come from scale, capital intensity, vertical integration, and a broad, often specialized product and service set that encourages long‑term customer relationships. The business is clearly investing heavily in facilities, automation, and digital systems, which could support efficiency and growth but also raises execution and cost‑overrun risk in the near term. Longer‑term, its focus on operational excellence, niche safety and cleanroom offerings, and sustainability initiatives could help it defend and gradually expand its position in a mature, highly competitive industry.

NEWS

November 25, 2025 · 9:15 AM UTC

Engine Capital Issues Open Letter to the Trustees Controlling UniFirst Corporation

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November 12, 2025 · 7:32 AM UTC

UniFirst Files Preliminary Proxy Statement for Upcoming Annual Meeting of Shareholders

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October 28, 2025 · 5:10 PM UTC

UniFirst Declares Increased Cash Dividends

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October 22, 2025 · 8:00 AM UTC

UniFirst Announces Financial Results for the Fourth Quarter and Full Fiscal Year of Fiscal 2025

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October 17, 2025 · 5:19 PM UTC

UniFirst Announces Revised Segment Reporting

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