Universal (UVV) financial statements
Universal reported revenue of $2.9B in fiscal 2026, up 3.8% a year over 9 years.
Net income was $33M and the operating margin 5.8%, against 8.6% in 2017.
Free cash flow was $80M, and the company returned $81M in dividends.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Universal's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.2B | $1.9B | $2.0B | $2.1B | $2.5B | $2.7B | $2.9B | $2.9B |
| Cost of revenue | $1.7B | $1.7B | $1.8B | $1.6B | $1.6B | $1.7B | $2.1B | $2.2B | $2.4B | $2.4B |
| Gross profit | $395M | $372M | $393M | $339M | $368M | $396M | $438M | $509M | $524M | $473M |
| Selling, general and admin | $212M | $201M | $225M | $223M | $220M | $241M | $277M | $311M | $305M | $301M |
| Operating income | $178M | $171M | $161M | $126M | $148M | $160M | $181M | $222M | $233M | $168M |
| Interest expense | $16M | $16M | $18M | $20M | $25M | $28M | $49M | $66M | $80M | $74M |
| Pre-tax income | $169M | $167M | $151M | $113M | $126M | $142M | $142M | $164M | $154M | $103M |
| Income tax | $57M | $51M | $41M | $35M | $29M | $39M | $12M | $31M | $41M | $47M |
| Net income | $106M | $106M | $104M | $72M | $87M | $87M | $124M | $120M | $95M | $33M |
| EPS (diluted) | $0.88 | $4.14 | $4.11 | $2.86 | $3.53 | $3.47 | $4.97 | $4.78 | $3.78 | $1.30 |
| Diluted shares | 24M | 26M | 25M | 25M | 25M | 25M | 25M | 25M | 25M | 25M |
| Gross margin | 19.1% | 18.3% | 17.7% | 17.9% | 18.7% | 19.0% | 17.2% | 18.7% | 17.9% | 16.4% |
| Operating margin | 8.6% | 8.4% | 7.3% | 6.7% | 7.5% | 7.7% | 7.1% | 8.2% | 8.0% | 5.8% |
| Net margin | 5.1% | 5.2% | 4.7% | 3.8% | 4.4% | 4.1% | 4.9% | 4.4% | 3.3% | 1.1% |
Balance sheet
Fiscal years, from Universal's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $284M | $234M | $298M | $107M | $197M | $82M | $65M | $56M | $260M | $62M |
| Receivables | $439M | $377M | $368M | $341M | $367M | $385M | $402M | $525M | $626M | $564M |
| Total current assets | $1.6B | $1.6B | $1.6B | $1.5B | $1.6B | $1.7B | $1.8B | $2.1B | $2.2B | $2.0B |
| Property, plant and equipment | $317M | $324M | $302M | $315M | $350M | $345M | $351M | $366M | $373M | $373M |
| Goodwill | $99M | $99M | $98M | $127M | $173M | $214M | $214M | $214M | $214M | $173M |
| Total assets | $2.1B | $2.2B | $2.1B | $2.1B | $2.3B | $2.6B | $2.6B | $2.9B | $3.0B | $2.8B |
| Total current liabilities | $268M | $268M | $254M | $267M | $293M | $519M | $442M | $711M | $750M | $564M |
| Long-term debt | $369M | $369M | $369M | $369M | $518M | $519M | $617M | $617M | $618M | $617M |
| Total liabilities | $797M | $783M | $753M | $832M | $993M | $1.2B | $1.2B | $1.5B | $1.5B | $1.3B |
| Shareholders' equity | $1.3B | $1.3B | $1.3B | $1.2B | $1.3B | $1.3B | $1.4B | $1.4B | $1.5B | $1.4B |
| Net debt | $85M | $135M | $71M | $261M | $321M | $437M | $552M | $562M | $358M | $555M |
Cash flow
Fiscal years, from Universal's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $250M | $81M | $165M | $11M | $220M | $45M | -$11M | -$75M | $327M | $129M |
| Capital spending | $36M | $34M | $39M | $35M | $66M | $53M | $55M | $66M | $63M | $49M |
| Free cash flow | $215M | $47M | $126M | -$24M | $154M | -$8M | -$65M | -$141M | $264M | $80M |
| Stock-based compensation | $6M | $8M | $8M | $6M | $6M | $6M | $8M | $12M | $9M | $7M |
| Dividends paid | $50M | $55M | $70M | $75M | $75M | $76M | $77M | $78M | $80M | $81M |
| Share buybacks (net) | $0 | -$22M | -$1M | -$33M | $0 | -$3M | -$3M | -$5M | $0 | $0 |
| Net borrowing | -$5M | -$18M | $12M | $24M | $179M | $79M | $125M | $223M | $38M | -$170M |
| Free cash flow margin | 10.4% | 2.3% | 5.7% | -1.3% | 7.8% | -0.4% | -2.6% | -5.2% | 9.0% | 2.8% |
| Dividends per share | $2.10 | $2.14 | $2.76 | $3.00 | $3.03 | $3.07 | $3.10 | $3.13 | $3.17 | $3.23 |
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Open UVV in InvestinglyQuestions
What was Universal's revenue in 2026?
$2.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Universal generate?
$80M in fiscal 2026 (operating cash flow minus capital spending).
From Universal's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.