Uniti Group Inc.(UNIT)Earnings, Financials & Key Ratios

UNIT•NASDAQ•REIT / Real Estate

$11.50

$2.73B mkt cap·2.4× P/E·Price updated May 6, 2026

SectorReal Estate IndustrySpecialty REITs Sub-IndustryDigital Infrastructure REITs

AboutUniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.Show more

Revenue$2.23B+91.5%
FFO$1.97B+382.9%
FFO/Share7.40+159.3%
FFO Payout0%-100.0%
FFO per Share7.40+159.3%
NOI Margin36.93%-63.1%
FFO Margin88.22%+152.2%
ROE342.98%
ROA15.07%+731.3%
Debt/Assets83.27%-25.2%
Net Debt/EBITDA8.67+39.6%
Book Value/Share1.43+108.3%

Technical→

UNIT Key Insights

Uniti Group Inc. (UNIT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 343.0%
✓FFO growing 374.2% TTM
✓Momentum leader: RS Rating 93 (top 7%)

✗Weaknesses

✗High debt to equity ratio of 26.3x
✗Low NOI margin of 36.9%
✗Shares diluted 86.3% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

UNIT Price & Volume

Uniti Group Inc. (UNIT) stock price & volume — 10-year historical chart

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UNIT Growth Metrics

Uniti Group Inc. (UNIT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.08%

5 Years15.93%

3 Years25.56%

TTM91.49%

Profit CAGR

10 Years42.68%

5 Years-

3 Years-

TTM1258.9%

EPS CAGR

10 Years28.72%

5 Years-

3 Years-

TTM513.4%

Return on Capital

10 Years21.08%

5 Years19.47%

3 Years17.24%

Last Year6.54%

UNIT Recent Earnings

Uniti Group Inc. (UNIT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

Mar 2, 2026

EPS

$1.19

Est $0.46

-158.7%

Revenue

$917M

Est $877M

+4.6%

Q4 2025

Nov 4, 2025

EPS

$0.16

Est $0.18

+188.9%

Revenue

$723M

Est $909M

-20.5%

Q3 2025

Aug 5, 2025

EPS

$0.36

Est $0.70

-48.6%

Revenue

$301M

Est $947M

-68.2%

Q2 2025

May 6, 2025

EPS

$0.35

Est $0.35

+0.0%

Revenue

$294M

Est $301M

-2.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 2, 2026	$1.19vs $0.46-158.7%	$917Mvs $877M+4.6%
Q4 2025	Nov 4, 2025	$0.16vs $0.18+188.9%	$723Mvs $909M-20.5%
Q3 2025	Aug 5, 2025	$0.36vs $0.70-48.6%	$301Mvs $947M-68.2%
Q2 2025	May 6, 2025	$0.35vs $0.35+0.0%	$294Mvs $301M-2.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
CCOICogent Communications Holdings, Inc.Direct Competitor	904.85M	18.06	-4.75	-5.82%	-17.88%	-229.15%
LUMNLumen Technologies, Inc.Direct Competitor	9.51B	9.23	-5.27	-5.39%	-14.34%	-79.42%	3.9%
FYBRFrontier Communications Parent, Inc.Direct Competitor	9.64B	38.49	-29.61	3.23%	-6.24%	-8.11%		2.44
ATUSAltice USA, Inc.Direct Competitor	539.38M	1.89	-8.59	-4.06%	-21.76%		27.7%
AMTAmerican Tower CorporationProduct Competitor	82.98B	178.12	33.05	5.11%	26.6%	27.44%	4.56%	4.34
CCICrown Castle Inc.Product Competitor	38.88B	89.10	87.35	-35.06%	25.13%		7.39%
SBACSBA Communications CorporationProduct Competitor	23.06B	217.38	22.18	5.06%	35.66%		4.63%
SHENShenandoah Telecommunications CompanyProduct Competitor	887.59M	16.05	-22.61	9.08%	-13.67%	-3.7%		0.66

Compare UNIT vs Peers

Uniti Group Inc. (UNIT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCOI

Most directly comparable listed peer for UNIT.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare UNIT against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCOI, LUMN, FYBR, ATUS

UNIT Income Statement

Uniti Group Inc. (UNIT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Revenue	916.03M	1.02B	1.06B	1.07B	1.1B	1.13B	1.15B	1.17B	2.23B
Revenue Growth %	18.9%	11.09%	3.93%	0.89%	3.14%	2.57%	1.86%	1.49%	91.49%
Property Operating Expenses	107.98M	154.18M	203.73M	223.21M	154.41M	0	157.41M	0	1.41B
Net Operating Income (NOI)	808.05M▲ 0%	863.46M▲ 6.9%	853.88M▼ 1.1%	843.83M▼ 1.2%	946.11M▲ 12.1%	1.13B▲ 19.3%	992.42M▼ 12.1%	1.17B▲ 17.6%	825.3M▼ 29.3%
NOI Margin %	88.21%	84.85%	80.74%	79.08%	85.97%	100%	86.31%	100%	36.93%
Operating Expenses	72.05M	85.2M	102.9M	104.97M	101.18M	536.91M	102.73M	560.21M	351.5M
G&A Expenses	72.05M	85.2M	102.9M	104.97M	101.18M	100.99M	102.73M	105.02M	351.5M
EBITDA	1.17B	1.23B	1.16B	1.07B	1.14B	884.72M	1.2B	921.53M	1.14B
EBITDA Margin %	127.75%	120.87%	109.37%	100.11%	103.21%	78.37%	104.38%	78.97%	51.04%
Depreciation & Amortization	434.2M	451.75M	405.75M	329.4M	290.94M	292.79M	310.53M	314.81M	666.6M
D&A / Revenue %	47.4%	44.39%	38.37%	30.87%	26.44%	25.94%	27.01%	26.98%	29.83%
Operating Income	736.01M▲ 0%	778.26M▲ 5.7%	750.98M▼ 3.5%	738.85M▼ 1.6%	844.93M▲ 14.4%	591.94M▼ 29.9%	889.68M▲ 50.3%	606.72M▼ 31.8%	473.8M▼ 21.9%
Operating Margin %	80.35%	76.48%	71.01%	69.24%	76.78%	52.44%	77.38%	51.99%	21.2%
Interest Expense	305.99M	319.59M	390.11M	497.13M	446.3M	376.83M	484.71M	488.63M	602.8M
Interest Coverage	2.41x	2.44x	1.93x	1.49x	1.89x	1.57x	1.84x	1.24x	0.79x
Non-Operating Income	434.2M	451.75M	405.75M	329.4M	290.94M	242.96M	310.53M	42.22M	0
Pretax Income	-47.68M▲ 0%	11.12M▲ 123.3%	15.57M▲ 40.0%	-734.01M▼ 4814.0%	119.83M▲ 116.3%	-25.49M▼ 121.3%	-150.22M▼ 489.4%	75.88M▲ 150.5%	1.17B▲ 1439.6%
Pretax Margin %	-5.2%	1.09%	1.47%	-68.79%	10.89%	-2.26%	-13.06%	6.5%	52.28%
Income Tax	-38.85M	-5.42M	4.66M	-15.2M	-4.92M	-17.36M	-68.47M	-17.55M	-136.5M
Effective Tax Rate %	81.48%	-48.73%	29.95%	2.07%	-4.1%	68.13%	45.58%	-23.14%	-11.68%
Net Income	-9.44M▲ 0%	16.19M▲ 271.5%	10.58M▼ 34.6%	-706.3M▼ 6774.6%	123.66M▲ 117.5%	-8.28M▼ 106.7%	-81.71M▼ 887.5%	93.41M▲ 214.3%	1.3B▲ 1296.8%
Net Margin %	-1.03%	1.59%	1%	-66.19%	11.24%	-0.73%	-7.11%	8%	58.39%
Net Income Growth %	-4352.36%	271.49%	-34.63%	-6774.55%	117.51%	-106.69%	-887.47%	214.31%	1296.81%
Funds From Operations (FFO)	424.77M▲ 0%	467.94M▲ 10.2%	416.34M▼ 11.0%	-376.9M▼ 190.5%	414.6M▲ 210.0%	284.51M▼ 31.4%	228.81M▼ 19.6%	408.22M▲ 78.4%	1.97B▲ 382.9%
FFO Margin %	46.37%	45.98%	39.37%	-35.32%	37.67%	25.2%	19.9%	34.98%	88.22%
FFO Growth %	13.04%	10.16%	-11.03%	-190.53%	210%	-31.38%	-19.58%	78.4%	382.91%
FFO per Share	4.17	4.38	3.69	-3.07	2.60	2.00	1.61	2.85	7.40
FFO Payout Ratio %	94.22%	91.06%	33.32%	-36%	34.1%	50.24%	46.94%	26.57%	0%
EPS (Diluted)	-0.21▲ 0%	0.07▲ 133.4%	0.07▼ 5.4%	-5.76▼ 8787.8%	0.84▲ 114.6%	-0.07▼ 107.9%	-0.58▼ 773.5%	0.64▲ 210.3%	4.87▲ 660.9%
EPS Growth %	-216.74%	133.38%	-5.42%	-8787.78%	114.58%	-107.9%	-773.49%	210.34%	660.94%
EPS (Basic)	-0.16	0.08	0.07	-5.76	0.87	-0.07	-0.58	0.64	6.61
Diluted Shares Outstanding	101.88M	106.76M	112.96M	122.75M	159.21M	142.02M	142.53M	143.07M	266.5M

UNIT Balance Sheet

Uniti Group Inc. (UNIT) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Assets	4.33B	4.59B	5.02B	4.73B	4.81B	4.85B	5.03B	5.28B	12.04B
Asset Growth %	30.47%	6.07%	9.23%	-5.68%	1.64%	0.87%	3.58%	5.11%	127.88%
Real Estate & Other Assets	15.86M	23.81M	161.56M	152.88M	38.9M	77.6M	118.12M	40.63M	95.6M
PP&E (Net)	3.05B	3.21B	3.41B	3.27B	3.59B	3.84B	4.11B	4.34B	8.66B
Investment Securities	-1000K	-1000K	0	1000K	1000K	1000K	0	0	0
Total Current Assets	150.46M	203.87M	222.84M	246.94M	138.68M	155.03M	228.22M	344.13M	831M
Cash & Equivalents	59.77M	38.03M	142.81M	77.53M	58.9M	43.8M	62.26M	155.59M	134.1M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	93.34M	0	0	28.61M	28.25M	156.3M
Intangible Assets	429.36M	432.82M	531.98M	390.73M	364.63M	334.85M	305.12M	275.41M	1.29B
Total Liabilities	5.45B	6B	6.5B	6.8B	6.92B	7.12B	7.51B	7.73B	11.66B
Total Debt	4.54B	4.9B	5.07B	4.83B	5.16B	5.27B	5.63B	5.88B	10.02B
Net Debt	4.48B	4.86B	4.93B	4.75B	5.1B	5.23B	5.56B	5.73B	9.89B
Long-Term Debt	3.56B	3.58B	5.02B	4.82B	5.09B	5.19B	5.52B	5.78B	9.53B
Short-Term Borrowings	0	0	0	0	0	0	0	0	132.6M
Capital Lease Obligations	56.33M	46.6M	52.99M	15.47M	72.7M	81.88M	102.51M	97.69M	360.5M
Total Current Liabilities	753.43M	962.28M	1.37B	1.75B	1.57B	1.68B	1.73B	1.71B	1.12B
Accounts Payable	77.63M	94.18M	227.12M	146.14M	86.87M	122.19M	119.34M	89.69M	171.5M
Deferred Revenue	537.55M	726.26M	1.07B	995.12M	1.13B	1.19B	1.27B	1.4B	239.8M
Other Liabilities	4.27B	4.45B	-1.04B	-781.38M	188.2M	167.09M	156.4M	145.7M	256.1M
Total Equity	-1.12B▲ 0%	-1.41B▼ 25.2%	-1.48B▼ 5.4%	-2.07B▼ 39.7%	-2.11B▼ 2.0%	-2.27B▼ 7.4%	-2.48B▼ 9.4%	-2.45B▲ 1.3%	380.4M▲ 115.5%
Equity Growth %	-143.4%	-25.19%	-5.44%	-39.73%	-2%	-7.45%	-9.37%	1.3%	115.51%
Shareholders Equity	-1.23B	-1.5B	-1.57B	-2.14B	-2.13B	-2.27B	-2.49B	-2.45B	380.3M
Minority Interest	101.41M	92.38M	83.7M	69.28M	14.02M	2.37M	2.27M	533K	100K
Common Stock	17K	18K	19K	23K	23K	24K	24K	24K	0
Additional Paid-in Capital	644.33M	757.52M	951.29M	1.21B	1.21B	1.21B	1.22B	1.24B	2.79B
Retained Earnings	-1.96B	-2.37B	-2.49B	-3.33B	-3.33B	-3.48B	-3.71B	-3.69B	-2.41B
Preferred Stock	83.53M	86.51M	0	0	0	0	0	0	0
Return on Assets (ROA)	-0.25%	0.36%	0.22%	-14.49%	2.59%	-0.17%	-1.65%	1.81%	15.07%
Return on Equity (ROE)	-1.29%	-	-	-	-	-	-	-	342.98%
Debt / Assets	104.83%	106.72%	101.07%	102.12%	107.36%	108.65%	111.96%	111.34%	83.27%
Debt / Equity	-	-	-	-	-	-	-	-	26.35x
Net Debt / EBITDA	3.83x	3.95x	4.26x	4.45x	4.49x	5.91x	4.64x	6.21x	8.67x
Book Value per Share	-11.03	-13.18	-13.13	-16.88	-13.28	-15.99	-17.43	-17.14	1.43

UNIT Cash Flow Statement

Uniti Group Inc. (UNIT) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	405.26M	472.82M	616.98M	157.23M	499.16M	460.12M	353.13M	366.69M	350.2M
Operating CF Growth %	7.79%	16.67%	30.49%	-74.52%	217.46%	-7.82%	-23.25%	3.84%	-4.5%
Operating CF / Revenue %	44.24%	46.46%	58.34%	14.74%	45.36%	40.76%	30.71%	31.42%	15.67%
Net Income	-8.83M	16.55M	10.91M	-718.81M	124.75M	-8.12M	-81.75M	93.43M	1.27B
Depreciation & Amortization	434.2M	451.75M	405.75M	329.4M	290.94M	292.79M	310.53M	314.81M	666.6M
Stock-Based Compensation	7.71M	8.06M	10.81M	13.72M	13.85M	12.75M	12.49M	13.51M	0
Other Non-Cash Items	19.57M	13.66M	-6.19M	101.63M	9.63M	211.4M	222.87M	-19.39M	-1.42B
Working Capital Changes	-6.23M	-9.82M	207.13M	445.18M	66.46M	-19.8M	-42.51M	-16.75M	-23.1M
Cash from Investing	-1.02B	-480.54M	-544.78M	1.39M	-321.22M	-392.02M	-411.31M	-272.2M	-1.01B
Acquisitions (Net)	-853.38M	-56.97M	-324.73M	-73.41M	62.11M	541K	0	0	-218.9M
Purchase of Investments	-21.76M	0	-130.43M	-391.88M	-1.03M	-33.19M	0	0	0
Sale of Investments	0	0	1000K	1000K	1000K	1000K	0	0	0
Other Investing	-21.76M	-426.87M	130.43M	391.88M	2.52M	35.01M	5.69M	82.64M	17M
Cash from Financing	501.97M	-13.84M	32.63M	-223.91M	-196.57M	-78.58M	76.64M	27.08M	611.8M
Dividends Paid	-400.21M	-426.09M	-138.73M	-135.68M	-141.37M	-164.1M	-107.41M	-108.45M	0
Common Dividends	-400.21M	-426.09M	-138.73M	-135.68M	-141.37M	-142.95M	-107.41M	-108.45M	0
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	1000K
Share Repurchases	-1.84M	0	-1.83M	-1.1M	-4.1M	-4.91M	-1.43M	-1.59M	0
Other Financing	-51.6M	79.28M	14.57M	227.19M	-259.08M	-20.13M	-168.59M	-115.52M	-13M
Net Change in Cash	-111.99M▲ 0%	-21.74M▲ 80.6%	104.79M▲ 582.0%	-65.28M▼ 162.3%	-18.63M▲ 71.5%	-15.1M▲ 19.0%	18.46M▲ 222.3%	121.58M▲ 558.6%	-49.75M▼ 140.9%
Exchange Rate Effect	192K	-173K	-43K	0	0	0	0	0	-47K
Cash at Beginning	171.75M	59.77M	38.03M	142.81M	77.53M	58.9M	43.8M	62.26M	183.85M
Cash at End	59.77M	38.03M	142.81M	77.53M	58.9M	43.8M	62.26M	183.85M	134.1M
Free Cash Flow	239.23M▲ 0%	49.24M▼ 79.4%	266.5M▲ 441.2%	-159.85M▼ 160.0%	113.3M▲ 170.9%	32.55M▼ 71.3%	-63.87M▼ 296.2%	11.86M▲ 118.6%	-459.6M▼ 3974.9%
FCF Growth %	-29.86%	-79.42%	441.2%	-159.98%	170.88%	-71.27%	-296.24%	118.57%	-3974.88%
FCF / Revenue %	26.12%	4.84%	25.2%	-14.98%	10.3%	2.88%	-5.55%	1.02%	-20.57%

UNIT Key Ratios

Uniti Group Inc. (UNIT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
FFO per Share	4.09	4.17	4.38	3.69	-3.07	2.6	2	1.61	2.85	7.4
FFO Payout Ratio	97.89%	94.22%	91.06%	33.32%	-36%	34.1%	50.24%	46.94%	26.57%	0%
NOI Margin	93.66%	88.21%	84.85%	80.74%	79.08%	85.97%	100%	86.31%	100%	36.93%
Net Debt / EBITDA	3.68x	3.83x	3.95x	4.26x	4.45x	4.49x	5.91x	4.64x	6.21x	8.67x
Debt / Assets	123.02%	104.83%	106.72%	101.07%	102.12%	107.36%	108.65%	111.96%	111.34%	83.27%
Interest Coverage	2.49x	2.41x	2.44x	1.93x	1.49x	1.89x	1.57x	1.84x	1.24x	0.79x
Book Value / Share	28.17	-11.03	-13.18	-13.13	-16.88	-13.28	-15.99	-17.43	-17.14	1.43
Revenue Growth	7.83%	18.9%	11.09%	3.93%	0.89%	3.14%	2.57%	1.86%	1.49%	91.49%

UNIT SEC Filings & Documents

Uniti Group Inc. (UNIT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Aug 1, 2025·SEC

Material company update

Jul 31, 2025·SEC

Material company update

Jul 29, 2025·SEC

10-K Annual Reports

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Jul 31, 2025·SEC

FY 2025

May 6, 2025·SEC

FY 2024

Nov 8, 2024·SEC

UNIT Frequently Asked Questions

Uniti Group Inc. (UNIT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Uniti Group Inc. (UNIT) reported $2.23B in revenue for fiscal year 2025. This represents a 3420% increase from $63.5M in 2012.

Uniti Group Inc. (UNIT) grew revenue by 91.5% over the past year. This is strong growth.

Yes, Uniti Group Inc. (UNIT) is profitable, generating $1.27B in net income for fiscal year 2025 (58.4% net margin).

Dividend & Returns

Uniti Group Inc. (UNIT) has a return on equity (ROE) of 343.0%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Uniti Group Inc. (UNIT) generated Funds From Operations (FFO) of $1.94B in the trailing twelve months. FFO is the primary profitability metric for REITs.

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Uniti Group Inc.(UNIT)Earnings, Financials & Key Ratios

UNIT Key Insights

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