Revenue growth remains under pressure with an 11.3% year-over-year decline in 2026Q3, while gross margins remain thin at 7.0% due to limited pricing power.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Sales/Revenue | 555.37M | 571.34M | 582.21M | 623.53M | 815.76M | 815.76M | 606.51M | 708.8M | 678.91M | 647.27M | 643.64M | 687.12M | 687.9M | 713.96M | 705.09M | 707.84M | 616.75M | 553.66M | 713.35M | 690.31M | 738.83M | 799.45M | 746.46M | 849.12M | 914.72M | 1.13B | 1.28B | 1.25B | 1.38B | 1.7B | 1.6B |
| Revenue Growth % | -5.91% | -1.87% | -6.63% | -23.56% | 0% | 34.5% | -14.43% | 4.4% | 4.89% | 0.56% | -6.33% | -0.11% | -3.65% | 1.26% | -0.39% | 14.77% | 11.39% | -22.39% | 3.34% | -6.57% | -7.58% | 7.1% | -12.09% | -7.17% | -19.13% | -11.66% | 2.33% | -9.18% | -19.2% | 6.34% | 3.13% |
| Cost of Goods Sold | 536.01M | 562.93M | 565.59M | 609.29M | 735.27M | 735.27M | 567.47M | 642.5M | 592.48M | 553.11M | 550M | 596.42M | 604.64M | 640.86M | 650.69M | 634.88M | 545.25M | 525.16M | 662.76M | 652.74M | 696.05M | 768.71M | 708.01M | 777.81M | 840.16M | 1.03B | 1.03B | 986.7M | 1.08B | 1.39B | 1.33B |
| COGS % of Revenue | - | 98.53% | 97.15% | 97.72% | 90.13% | 90.13% | 93.56% | 90.65% | 87.27% | 85.45% | 85.45% | 86.8% | 87.9% | 89.76% | 92.29% | 89.69% | 88.41% | 94.85% | 92.91% | 94.56% | 94.21% | 96.16% | 94.85% | 91.6% | 91.85% | 91.41% | 80.15% | 78.86% | 78.4% | 81.28% | 82.69% |
| Gross Profit | 19.36M | 8.42M | 16.62M | 14.24M | 80.48M | 80.48M | 39.04M | 66.31M | 86.43M | 94.16M | 93.63M | 90.7M | 83.26M | 73.1M | 54.4M | 72.96M | 71.5M | 28.51M | 50.58M | 37.56M | 42.77M | 30.73M | 38.45M | 71.3M | 74.55M | 97.11M | 254.1M | 264.5M | 297.5M | 319.1M | 277.6M |
| Gross Margin % | 3.49% | 1.47% | 2.85% | 2.28% | 9.87% | 9.87% | 6.44% | 9.35% | 12.73% | 14.55% | 14.55% | 13.2% | 12.1% | 10.24% | 7.71% | 10.31% | 11.59% | 5.15% | 7.09% | 5.44% | 5.79% | 3.84% | 5.15% | 8.4% | 8.15% | 8.59% | 19.85% | 21.14% | 21.6% | 18.72% | 17.31% |
| Gross Profit Growth % | - | -49.34% | 16.68% | -82.31% | 0% | 106.16% | -41.12% | -23.28% | -8.22% | 0.57% | 3.23% | 8.94% | 13.9% | 34.39% | -25.44% | 2.04% | 150.82% | -43.64% | 34.65% | -12.17% | 39.17% | -20.06% | -46.08% | -4.36% | -23.23% | -61.78% | -3.93% | -11.09% | -6.77% | 14.95% | -7.47% |
| Operating Expenses | 53.52M | 17.94M | 54.04M | 55.11M | 51.89M | 51.89M | 47.86M | 55.35M | 57.63M | 50.4M | 51.43M | 52.22M | 51.78M | 50.42M | 45.76M | 43.09M | 45.27M | 36.05M | 47.79M | 52.06M | 42.79M | 56.62M | 53.32M | 57.61M | 57.38M | 71.48M | 157.28M | 145.2M | 113M | 134.1M | 126.9M |
| OpEx % of Revenue | - | 3.14% | 9.28% | 8.84% | 6.36% | 6.36% | 7.89% | 7.81% | 8.49% | 7.79% | 7.99% | 7.6% | 7.53% | 7.06% | 6.49% | 6.09% | 7.34% | 6.51% | 6.7% | 7.54% | 5.79% | 7.08% | 7.14% | 6.78% | 6.27% | 6.32% | 12.28% | 11.6% | 8.2% | 7.87% | 7.91% |
| Selling, General & Admin | 49.56M | 49.01M | 46.63M | 47.34M | 52.49M | 52.49M | 43.81M | 52.69M | 56.08M | 50.83M | 47.5M | 49.67M | 46.2M | 47.39M | 43.48M | 42.97M | 46.18M | 39.12M | 47.79M | 52.06M | 42.79M | 56.62M | 53.32M | 57.61M | 57.38M | 71.48M | 66.76M | 55.3M | 43.3M | 46.2M | 45.1M |
| SG&A % of Revenue | - | 8.58% | 8.01% | 7.59% | 6.43% | 6.43% | 7.22% | 7.43% | 8.26% | 7.85% | 7.38% | 7.23% | 6.72% | 6.64% | 6.17% | 6.07% | 7.49% | 7.07% | 6.7% | 7.54% | 5.79% | 7.08% | 7.14% | 6.78% | 6.27% | 6.32% | 5.21% | 4.42% | 3.14% | 2.71% | 2.81% |
| Research & Development | 500K | 0 | 9.6M | 10.87M | 0 | 0 | 0 | 12.36M | 7.79M | 7.18M | 6.91M | 8.11M | 7.92M | 7.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 1.65% | 1.74% | - | - | - | 1.74% | 1.15% | 1.11% | 1.07% | 1.18% | 1.15% | 0.99% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | -31.07M | -2.19M | -3.1M | -603K | -603K | 4.05M | 2.66M | 1.55M | -433K | 2.25M | 1.32M | -126K | -218K | 2.28M | 121K | -910K | -3.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.53M | 89.9M | 69.7M | 87.9M | 81.8M |
| Operating Income | -34.16M | -9.52M | -37.42M | -40.87M | 28.6M | 28.6M | -8.82M | 15.56M | 28.8M | 43.77M | 42.2M | 38.49M | 31.48M | 22.68M | 8.63M | 28.69M | 26.23M | -7.54M | -1.23M | -14.34M | 234K | -25.55M | -42.59M | 13.69M | 17.17M | 25.63M | 96.81M | 119.3M | 184.5M | 185M | 150.7M |
| Operating Margin % | -6.15% | -1.67% | -6.43% | -6.55% | 3.51% | 3.51% | -1.45% | 2.19% | 4.24% | 6.76% | 6.56% | 5.6% | 4.58% | 3.18% | 1.22% | 4.05% | 4.25% | -1.36% | -0.17% | -2.08% | 0.03% | -3.2% | -5.71% | 1.61% | 1.88% | 2.27% | 7.56% | 9.53% | 13.39% | 10.85% | 9.4% |
| Operating Income Growth % | - | 74.56% | 8.44% | -242.91% | 0% | 424.21% | -156.7% | -45.98% | -34.2% | 3.72% | 9.65% | 22.24% | 38.81% | 162.75% | -69.92% | 9.4% | 447.88% | -512.43% | 91.41% | -6227.35% | 100.92% | 40.01% | -411.06% | -20.27% | -32.99% | -73.53% | -18.85% | -35.34% | -0.27% | 22.76% | -16.79% |
| EBITDA | -16.46M | 15.76M | -9.75M | -13.85M | 54.81M | 54.81M | 14.83M | 38.27M | 51.02M | 63.63M | 59.17M | 56.53M | 49.38M | 47.27M | 35.77M | 54.67M | 53.64M | 24.93M | 40.34M | 30.52M | 50.18M | 27.34M | 22.14M | 86.73M | 95.9M | 115.78M | 187.34M | 209.2M | 254.2M | 272.9M | 232.5M |
| EBITDA Margin % | -2.96% | 2.76% | -1.68% | -2.22% | 6.72% | 6.72% | 2.45% | 5.4% | 7.51% | 9.83% | 9.19% | 8.23% | 7.18% | 6.62% | 5.07% | 7.72% | 8.7% | 4.5% | 5.66% | 4.42% | 6.79% | 3.42% | 2.97% | 10.21% | 10.48% | 10.24% | 14.63% | 16.72% | 18.45% | 16.01% | 14.5% |
| EBITDA Growth % | -2730.19% | 261.65% | 29.6% | -125.27% | 0% | 269.51% | -61.24% | -24.99% | -19.82% | 7.54% | 4.67% | 14.48% | 4.47% | 32.15% | -34.58% | 1.91% | 115.14% | -38.2% | 32.19% | -39.18% | 83.51% | 23.51% | -74.47% | -9.56% | -17.17% | -38.2% | -10.45% | -17.7% | -6.85% | 17.38% | -9.5% |
| D&A (Non-Cash Add-back) | 17.7M | 25.28M | 27.67M | 27.02M | 26.21M | 26.21M | 23.65M | 22.71M | 22.22M | 19.86M | 16.97M | 18.04M | 17.9M | 24.58M | 27.14M | 25.98M | 27.42M | 32.47M | 41.57M | 44.86M | 49.95M | 52.89M | 64.73M | 73.04M | 78.72M | 90.15M | 90.53M | 89.9M | 69.7M | 87.9M | 81.8M |
| EBIT | -34.48M | -9.11M | -35.67M | -37.87M | 29.91M | 29.91M | -51.49M | 15.43M | 35.15M | 47.04M | 51.71M | 57.84M | 52.21M | 33.5M | 24.92M | 51.61M | 40.26M | -21.61M | -4.27M | -14.49M | -20K | -24.3M | -7.95M | 19.86M | 17.17M | 25.63M | 96.81M | 118.08M | 184.5M | 185M | 150.7M |
| Net Interest Income | -5.18M | -8.63M | -7.73M | -5.47M | -1.56M | -1.56M | -4.06M | -4.79M | -4.38M | -3.06M | -2.92M | -3.11M | -2.54M | -3.79M | -14.15M | -16.68M | -18.76M | -20.22M | -23.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 600K | 888K | 2.14M | 2.11M | 1.52M | 1.52M | 722K | 628K | 560K | 517K | 610K | 916K | 1.79M | 698K | 1.92M | 2.51M | 3.13M | 2.93M | 2.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 7.78M | 9.52M | 9.86M | 7.58M | 3.08M | 3.08M | 4.78M | 5.41M | 4.93M | 3.58M | 3.53M | 4.03M | 4.33M | 4.49M | 16.07M | 19.19M | 21.89M | 23.15M | 26.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -6.17M | -9.11M | -8.12M | -4.57M | -1.77M | -1.77M | -47.44M | -949K | 1.41M | -493K | 6.04M | 15.33M | 16.4M | 6.55M | 217K | 3.73M | -7.02M | -37.22M | -10.95M | -125.52M | -16.13M | -9.26M | -60.52M | -27.94M | -25.34M | -81.9M | -41.11M | -30.69M | 7.2M | -10.7M | -27.4M |
| Pretax Income | -40.33M | -18.63M | -45.54M | -45.44M | 26.83M | 26.83M | -56.27M | 10.01M | 30.21M | 43.27M | 48.24M | 53.81M | 47.88M | 29.01M | 8.85M | 32.42M | 18.37M | -48.05M | -30.33M | -139.86M | -15.9M | -34.85M | -95.13M | -29.71M | -8.17M | -56.27M | 55.71M | 87.4M | 191.7M | 174.3M | 123.3M |
| Pretax Margin % | -7.26% | -3.26% | -7.82% | -7.29% | 3.29% | 3.29% | -9.28% | 1.41% | 4.45% | 6.69% | 7.5% | 7.83% | 6.96% | 4.06% | 1.26% | 4.58% | 2.98% | -8.68% | -4.25% | -20.26% | -2.15% | -4.36% | -12.74% | -3.5% | -0.89% | -4.97% | 4.35% | 6.99% | 13.92% | 10.22% | 7.69% |
| Income Tax | -569K | 1.72M | 1.86M | 901K | 11.66M | 11.66M | 972K | 7.55M | -1.49M | 10.9M | 15.07M | 13.35M | 20.16M | 13.34M | -1.98M | 7.33M | 7.69M | 4.3M | -10.95M | -22.09M | -1.17M | -14.1M | -25.34M | -2.53M | -2.09M | -11.6M | 17.68M | 28.4M | 62.8M | 58.6M | 44.9M |
| Effective Tax Rate % | 1.41% | -9.23% | -4.08% | -1.98% | 43.45% | 43.45% | -1.73% | 75.47% | -4.94% | 25.18% | 31.24% | 24.8% | 42.11% | 45.99% | -22.36% | 22.62% | 41.84% | -8.95% | 36.1% | 15.79% | 7.36% | 40.46% | 26.63% | 8.52% | 25.62% | 20.61% | 31.73% | 32.49% | 32.76% | 33.62% | 36.42% |
| Net Income | -39.76M | -20.35M | -47.4M | -46.34M | 15.17M | 15.17M | -57.24M | 2.46M | 31.7M | 32.88M | 34.41M | 42.15M | 28.82M | 16.64M | 11.49M | 25.09M | 10.69M | -52.28M | -16.15M | -116.31M | -14.37M | -41.23M | -69.79M | -27.18M | -43.92M | -44.67M | 38.03M | 56.2M | 124.3M | 115.7M | 72.5M |
| Net Margin % | -7.16% | -3.56% | -8.14% | -7.43% | 1.86% | 1.86% | -9.44% | 0.35% | 4.67% | 5.08% | 5.35% | 6.13% | 4.19% | 2.33% | 1.63% | 3.54% | 1.73% | -9.44% | -2.26% | -16.85% | -1.94% | -5.16% | -9.35% | -3.2% | -4.8% | -3.95% | 2.97% | 4.49% | 9.02% | 6.79% | 4.52% |
| Net Income Growth % | 0.11% | 57.07% | -2.27% | -405.48% | 0% | 126.51% | -2430.5% | -92.25% | -3.57% | -4.47% | -18.35% | 46.24% | 73.27% | 44.77% | -54.2% | 134.81% | 120.44% | -223.72% | 86.11% | -709.59% | 65.15% | 40.93% | -156.81% | 38.13% | 1.68% | -217.46% | -32.33% | -54.79% | 7.43% | 59.59% | -37.61% |
| Net Income (Continuing) | -39.76M | -20.35M | -47.4M | -46.34M | 15.17M | 15.17M | -57.24M | 2.46M | 31.7M | 32.38M | 33.17M | 40.47M | 27.72M | 15.67M | 10.83M | 25.09M | 10.69M | -49.06M | -19.38M | -117.77M | -14.73M | -21.28M | -44.15M | -16.09M | -6.07M | -44.67M | 38.03M | 59.03M | 128.9M | 115.7M | 78.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 530K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.91M | 1.6M | 1.72M | 1.57M | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 | 182K | 4.56M | 10.9M | 11.16M | 11.29M | 16.68M | 17.2M | 16.4M | 0 | 0 |
| EPS (Diluted) | -2.14 | -1.11 | -2.61 | -2.57 | 0.80 | 0.80 | -3.10 | 0.13 | 1.70 | 1.78 | 1.87 | 2.24 | 1.47 | 0.80 | 0.56 | 1.22 | 0.51 | -2.54 | -0.80 | -6.21 | -0.83 | -2.40 | -4.05 | -1.51 | -2.45 | -2.49 | 1.95 | 2.79 | 6.03 | 5.43 | 3.27 |
| EPS Growth % | 0% | 57.47% | -1.56% | -421.25% | 0% | 125.81% | -2484.62% | -92.35% | -4.49% | -4.81% | -16.52% | 52.38% | 83.75% | 42.86% | -54.1% | 139.22% | 120.08% | -217.5% | 87.12% | -648.19% | 65.42% | 40.74% | -168.21% | 38.37% | 1.61% | -227.69% | -30.11% | -53.73% | 11.05% | 66.05% | -32.72% |
| EPS (Basic) | - | -1.11 | -2.61 | -2.57 | 0.82 | 0.82 | -3.10 | 0.13 | 1.73 | 1.81 | 1.93 | 2.32 | 1.52 | 0.84 | 0.57 | 1.25 | 0.54 | -2.54 | -0.80 | -6.21 | -0.83 | -2.40 | -4.05 | -1.53 | -2.46 | -2.49 | 1.95 | 2.79 | 6.09 | 5.49 | 3.27 |
| Diluted Shares Outstanding | 18.58M | 18.31M | 18.15M | 18.06M | 18.87M | 18.87M | 18.48M | 18.7M | 18.64M | 18.44M | 18.41M | 18.84M | 19.62M | 20.7M | 20.39M | 20.48M | 20.47M | 20.61M | 20.19M | 18.73M | 17.38M | 17.19M | 17.23M | 17.94M | 17.91M | 17.97M | 19.5M | 20.16M | 20.61M | 21.31M | 22.17M |
| Basic Shares Outstanding | 18.58M | 18.31M | 18.15M | 18.04M | 18.43M | 18.43M | 18.48M | 18.39M | 18.29M | 18.14M | 17.86M | 18.21M | 18.92M | 19.91M | 20.09M | 20.07M | 20.32M | 20.61M | 20.19M | 18.73M | 17.38M | 17.19M | 17.23M | 17.76M | 17.86M | 17.94M | 19.5M | 20.16M | 20.41M | 21.07M | 22.17M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.39% | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.59% | 24.11% | 47.17% |
Persistent negative operating margins
As reported in recent financial statements, Unifi's revenue has faced consistent downward pressure, evidenced by an 11.3% year-over-year decline in 2026Q3, reflecting the broader challenges of managing volume-based demand in a highly cyclical apparel supply chain that remains sensitive to inventory destocking cycles.
The revenue trajectory suggests that the company is struggling to maintain top-line stability amidst fluctuating demand from major apparel retailers. This contraction appears to be driven by a combination of weak consumer discretionary spending and the company's position at the very beginning of the textile supply chain, which often amplifies demand shocks.
Based on Unifi's reported figures, gross margins have remained precariously thin, reaching only 7.0% in 2026Q3 after dipping into negative territory in previous quarters, which highlights the company's limited ability to pass through input cost volatility to downstream customers in a competitive market.
The inability to sustain healthy gross margins suggests that the company's value proposition, while technically differentiated, is currently being treated as a commodity by its customer base. Investors should monitor whether the company can shift its product mix toward higher-margin specialty yarns to mitigate the impact of raw material price fluctuations.
According to recent SEC filings, Unifi continues to grapple with negative operating margins, which stood at -1.6% in 2026Q3, indicating that the company's fixed cost structure remains too heavy to be absorbed by current revenue levels, thereby preventing the realization of meaningful operating leverage.
The persistence of negative operating income suggests that the company is currently unable to scale its operations efficiently. This lack of operating leverage implies that any further decline in volume could lead to accelerated cash burn, necessitating a potential reassessment of the company's fixed cost base.
While Unifi positions itself as an ESG leader, the financial data suggests that the market may be overestimating the durability of the 'green premium,' as evidenced by the company's inability to convert its REPREVE brand leadership into consistent GAAP profitability over the last ten quarters.
Short-sellers might argue that the company's reliance on recycled polyester is becoming a commoditized requirement rather than a high-margin specialty niche. This perspective warrants further investigation into whether the company can truly differentiate its products enough to command pricing power, or if it will remain trapped in a low-margin cycle.
Quick answers to the most common questions about buying UFI stock.
For fiscal year 2025, Unifi, Inc. (UFI) reported total revenue of $571.3M. This represents a 64.4% decline compared to $1.60B in 1996.
Unifi, Inc. (UFI) reported a net loss of $20.3M for the fiscal year ending 2025.
Unifi, Inc. (UFI) reported an operating income of $-9.5M, resulting in an operating profit margin of -1.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Unifi, Inc. (UFI) generated $8.4M in gross profit for the year, representing a gross profit margin of 1.5%. This demonstrates the company's core pricing power and production efficiency.