Universal Technical Institute, Inc. (UTI) 10-Year Financial Performance & Capital Metrics

UTI • • Industrial / General

Consumer DefensiveEducation & TrainingVocational & Technical EducationTechnical & Trade Schools

AboutUniversal Technical Institute, Inc. provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute. In addition, the company provides manufacturer specific advanced training programs, including student paid electives at its campuses; and manufacturer or dealer sponsored training at various campuses and dedicated training centers, as well as offers programs for welding and computer numeric control machining. As of September 30, 2021, it operated 12 campuses. Universal Technical Institute, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.Show more

Revenue $836M +14.0%
EBITDA $140M +27.4%
Net Income $63M +50.0%
EPS (Diluted) 1.13 +50.7%
Gross Margin 49.68% +4.5%
EBITDA Margin 16.78% +11.7%
Operating Margin 9.99% +24.3%
Net Margin 7.54% +31.6%
ROE 21.42% +24.0%
ROIC 14.68% +35.8%
Debt/Equity 0.79 -30.3%
Interest Coverage 14.82 +138.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 51.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 22.7%
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.7%

5Y22.68%

3Y25.9%

TTM14.05%

Profit (Net Income) CAGR

10Y-

5Y51.07%

3Y34.59%

TTM50.04%

EPS CAGR

10Y-

5Y84.12%

3Y43.8%

TTM53.91%

ROCE

10Y Avg0.5%

5Y Avg7.95%

3Y Avg9.95%

Latest14.69%

Peer Comparison

Technical & Trade Schools

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINCLincoln Educational Services Corporation	844.67M	26.71	83.47	16.4%	2.86%	7.6%		1.00
UTIUniversal Technical Institute, Inc.	1.51B	27.77	24.58	14.05%	7.54%	19.21%	3.66%	0.79
LGCYLegacy Education Inc.	128.31M	10.21	23.20	29.74%	32.53%	48.84%	0.95%	0.22

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	347.15M	324.26M	316.96M	331.5M	300.76M	335.08M	418.76M	607.41M	732.69M	835.62M
Revenue Growth %	-0.04%	-0.07%	-0.02%	0.05%	-0.09%	0.11%	0.25%	0.45%	0.21%	0.14%
Cost of Goods Sold+	194.4M	181.03M	182.59M	178.32M	155.93M	166.82M	207.23M	329.87M	384.53M	420.49M
COGS % of Revenue	0.56%	0.56%	0.58%	0.54%	0.52%	0.5%	0.49%	0.54%	0.52%	0.5%
Gross Profit+	152.75M	143.24M	134.38M	153.19M	144.83M	168.26M	211.53M	277.54M	348.16M	415.13M
Gross Margin %	0.44%	0.44%	0.42%	0.46%	0.48%	0.5%	0.51%	0.46%	0.48%	0.5%
Gross Profit Growth %	-0.09%	-0.06%	-0.06%	0.14%	-0.05%	0.16%	0.26%	0.31%	0.25%	0.19%
Operating Expenses+	171.37M	145.06M	169.65M	160.99M	148.7M	153.32M	189.16M	305.55M	289.27M	331.66M
OpEx % of Revenue	0.49%	0.45%	0.54%	0.49%	0.49%	0.46%	0.45%	0.5%	0.39%	0.4%
Selling, General & Admin	167.68M	141.54M	169.65M	160.99M	148.7M	153.32M	189.16M	256.14M	289.27M	331.66M
SG&A % of Revenue	0.48%	0.44%	0.54%	0.49%	0.49%	0.46%	0.45%	0.42%	0.39%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-49K	1.09M	1.08M	1.47M	135K	518K	-438K	0	0	0
Operating Income+	-18.62M	-1.82M	-35.27M	-7.8M	-2.58M	14.95M	22.37M	21.4M	58.89M	83.47M
Operating Margin %	-0.05%	-0.01%	-0.11%	-0.02%	-0.01%	0.04%	0.05%	0.04%	0.08%	0.1%
Operating Income Growth %	-1.02%	0.9%	-18.34%	0.78%	0.67%	6.78%	0.5%	-0.04%	1.75%	0.42%
EBITDA+	468K	16.34M	-18.2M	9.49M	34.84M	44.58M	55.15M	67.22M	110.08M	140.25M
EBITDA Margin %	0%	0.05%	-0.06%	0.03%	0.12%	0.13%	0.13%	0.11%	0.15%	0.17%
EBITDA Growth %	-0.95%	33.93%	-2.11%	1.52%	2.67%	0.28%	0.24%	0.22%	0.64%	0.27%
D&A (Non-Cash Add-back)	19.09M	18.17M	17.07M	17.29M	37.42M	29.63M	32.78M	45.82M	51.19M	56.78M
EBIT	-18.09M	650K	-32.39M	-4.45M	-2.58M	15.46M	22.25M	27.74M	65.7M	89.91M
Net Interest Income+	-3.2M	-2.48M	-1.89M	-1.73M	1.14M	-282K	-1.5M	-3.79M	-3.16M	540K
Interest Income	243K	900K	1.43M	1.49M	1.15M	83K	507K	5.86M	6.31M	6.17M
Interest Expense	3.44M	3.38M	3.31M	3.22M	10K	365K	2M	9.66M	9.47M	5.63M
Other Income/Expense	-2.9M	-907K	-422K	137K	1.28M	236K	-1.93M	-3.31M	-2.66M	805K
Pretax Income+	-21.53M	-2.73M	-35.7M	-7.67M	-2.59M	15.18M	20.44M	18.09M	56.23M	84.27M
Pretax Margin %	-0.06%	-0.01%	-0.11%	-0.02%	-0.01%	0.05%	0.05%	0.03%	0.08%	0.1%
Income Tax+	26.17M	5.4M	-3.02M	203K	-10.6M	602K	-5.41M	5.76M	14.23M	21.26M
Effective Tax Rate %	2.22%	2.98%	0.92%	1.03%	-3.09%	0.96%	1.26%	0.68%	0.75%	0.75%
Net Income+	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Net Margin %	-0.14%	-0.03%	-0.1%	-0.02%	0.03%	0.04%	0.06%	0.02%	0.06%	0.08%
Net Income Growth %	-4.21%	0.83%	-3.02%	0.76%	2.02%	0.82%	0.77%	-0.52%	2.41%	0.5%
Net Income (Continuing)	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.96	-0.33	-1.30	-0.31	0.05	0.17	0.38	0.13	0.75	1.13
EPS Growth %	-4.16%	0.83%	-2.94%	0.76%	1.17%	2.18%	1.24%	-0.66%	4.77%	0.51%
EPS (Basic)	-1.96	-0.33	-1.30	-0.31	0.05	0.17	0.39	0.13	0.77	1.16
Diluted Shares Outstanding	24.31M	24.71M	25.11M	25.44M	30.11M	33.12M	33.74M	34.48M	50.85M	55.62M
Basic Shares Outstanding	24.31M	24.71M	25.11M	25.44M	29.81M	32.77M	33.22M	33.98M	49.43M	54.3M
Dividend Payout Ratio	-	-	-	-	0.01%	-	-	-	0.03%	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	161.95M	146.83M	116.8M	118.1M	180.18M	183.39M	135.95M	204.99M	221.95M	246.63M
Cash & Short-Term Investments	120.74M	97.92M	58.1M	65.44M	114.86M	133.72M	95.37M	151.55M	161.9M	127.36M
Cash Only	119.05M	50.14M	58.1M	65.44M	76.8M	133.72M	66.45M	151.55M	161.9M	127.36M
Short-Term Investments	1.69M	47.78M	0	0	38.05M	0	28.92M	0	0	0
Accounts Receivable	15.25M	15.2M	26.29M	23.16M	40.59M	22.69M	22.09M	31.15M	37.3M	93.78M
Days Sales Outstanding	16.04	17.11	30.27	25.5	49.27	24.71	19.25	18.72	18.58	40.97
Inventory	0	-40.02M	24.38M	22.17M	0	0	9.68M	0	0	0
Days Inventory Outstanding	-	-	48.73	45.37	-	-	17.05	-	-	-
Other Current Assets	5.96M	24.22M	22.08M	22.44M	18.61M	20.32M	4.81M	12.87M	10.81M	25.49M
Total Non-Current Assets+	135.21M	127.28M	165.48M	152.42M	261.8M	329.18M	416.96M	535.7M	522.62M	579.51M
Property, Plant & Equipment	114.03M	106.66M	114.85M	104.13M	217.41M	281.13M	346.33M	443M	423.57M	481.68M
Fixed Asset Turnover	3.04x	3.04x	2.76x	3.18x	1.38x	1.19x	1.21x	1.37x	1.73x	1.73x
Goodwill	9.01M	9.01M	8.22M	8.22M	8.22M	8.22M	16.86M	28.46M	28.46M	28.46M
Intangible Assets	0	0	0	0	0	124K	14.21M	18.98M	18.23M	17.35M
Long-Term Investments	4.04M	4.11M	35.4M	34.19M	32.1M	35.21M	32.3M	30.67M	0	41.11M
Other Non-Current Assets	12.17M	11.61M	3.43M	-7.18M	-40.95M	-43.52M	3.89M	10.82M	48.8M	6.62M
Total Assets+	297.16M	274.1M	282.28M	270.53M	441.98M	512.57M	552.91M	740.68M	744.58M	826.14M
Asset Turnover	1.17x	1.18x	1.12x	1.23x	0.68x	0.65x	0.76x	0.82x	0.98x	1.01x
Asset Growth %	0.08%	-0.08%	0.03%	-0.04%	0.63%	0.16%	0.08%	0.34%	0.01%	0.11%
Total Current Liabilities+	94.56M	86.39M	92.46M	96.84M	121.64M	132.72M	137.72M	184.7M	204.96M	229.67M
Accounts Payable	11.8M	9.52M	8.76M	10.03M	12.47M	13.7M	21.75M	14.44M	26.27M	104.64M
Days Payables Outstanding	22.17	19.18	17.51	20.54	29.19	29.98	38.3	15.98	24.94	90.83
Short-Term Debt	0	0	0	0	129K	876K	1.11M	2.52M	2.7M	19.83M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	14.85M	19.82M	22.13M	20.14M	16.63M	31.94M	19.25M	40.35M	39.31M	13.67M
Current Ratio	1.71x	1.70x	1.26x	1.22x	1.48x	1.38x	0.99x	1.11x	1.08x	1.07x
Quick Ratio	1.71x	2.16x	1.00x	0.99x	1.48x	1.38x	0.92x	1.11x	1.08x	1.07x
Cash Conversion Cycle	-	-	61.49	50.34	-	-	-1.99	-	-	-
Total Non-Current Liabilities+	65.98M	61.94M	63.17M	59.39M	143.82M	191.32M	199.79M	330.02M	279.38M	268.36M
Long-Term Debt	0	0	0	0	131K	29.85M	66.42M	159.6M	123.01M	259.07M
Capital Lease Obligations	43.14M	42.03M	40.72M	39.16M	134.09M	153.23M	129.3M	165.03M	146.83M	174.84M
Deferred Tax Liabilities	3.14M	3.14M	329K	329K	674K	674K	0	663K	4.7M	4.14M
Other Non-Current Liabilities	19.7M	16.76M	22.13M	19.9M	8.93M	7.57M	4.07M	4.73M	4.85M	5.14M
Total Liabilities	160.54M	148.33M	155.63M	156.24M	265.46M	324.04M	337.51M	514.72M	484.34M	498.03M
Total Debt+	44.05M	43.14M	42.03M	40.72M	157.75M	198.03M	209.8M	349.62M	294.75M	259.07M
Net Debt	-74.99M	-7M	-16.07M	-24.73M	80.95M	64.31M	143.35M	198.08M	132.84M	131.71M
Debt / Equity	0.32x	0.34x	0.33x	0.36x	0.89x	1.05x	0.97x	1.55x	1.13x	0.79x
Debt / EBITDA	94.13x	2.64x	-	4.29x	4.53x	4.44x	3.80x	5.20x	2.68x	1.85x
Net Debt / EBITDA	-160.24x	-0.43x	-	-2.61x	2.32x	1.44x	2.60x	2.95x	1.21x	0.94x
Interest Coverage	-5.42x	-0.54x	-10.66x	-2.42x	-258.40x	40.95x	11.18x	2.22x	6.22x	14.82x
Total Equity+	136.61M	125.78M	126.64M	114.29M	176.52M	188.53M	215.4M	225.97M	260.23M	328.11M
Equity Growth %	0.2%	-0.08%	0.01%	-0.1%	0.54%	0.07%	0.14%	0.05%	0.15%	0.26%
Book Value per Share	5.62	5.09	5.04	4.49	5.86	5.69	6.38	6.55	5.12	5.90
Total Shareholders' Equity	136.61M	125.78M	126.64M	114.29M	176.52M	188.53M	215.4M	225.97M	260.23M	328.11M
Common Stock	3K	3K	3K	3K	3K	3K	3K	3K	5K	5K
Retained Earnings	-17.45M	-30.83M	-31.55M	-44.67M	-32.97M	-22M	-1.31M	5.95M	38.51M	101.53M
Treasury Stock	-97.39M	-97.39M	-97.39M	-97.39M	-365K	-365K	-365K	-365K	-365K	-365K
Accumulated OCI	18K	0	0	-68.85M	-68.85M	-279K	2.21M	2.46M	1.11M	912K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	7.38M	-9.98M	-13.48M	21.75M	11.03M	55.19M	46.03M	49.15M	85.89M	97.33M
Operating CF Margin %	0.02%	-0.03%	-0.04%	0.07%	0.04%	0.16%	0.11%	0.08%	0.12%	0.12%
Operating CF Growth %	-0.1%	-2.35%	-0.35%	2.61%	-0.49%	4%	-0.17%	0.07%	0.75%	0.13%
Net Income	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Depreciation & Amortization	17.75M	16.89M	15.69M	15.9M	36.08M	29.63M	32.78M	45.82M	51.19M	56.78M
Stock-Based Compensation	4.9M	2.94M	1.81M	1.39M	2.08M	1.73M	4.34M	3.85M	8.56M	9.15M
Deferred Taxes	27.93M	254K	-2.81M	767K	345K	1.44M	-6.01M	4.64M	4.44M	-1.34M
Other Non-Cash Items	879K	-1.12M	2.44M	863K	2.26M	351K	7.84M	5.22M	7.99M	23.86M
Working Capital Changes	3.62M	-20.81M	2.07M	10.69M	-37.73M	7.45M	-18.76M	-22.7M	-28.28M	-54.15M
Change in Receivables	8.2M	-2.98M	-2.69M	-1.48M	-13.75M	8.48M	816K	-5.73M	-17.93M	-43.95M
Change in Inventory	-1.04M	522K	2.5M	5.08M	-21.75M	-19.78M	0	-22.49M	0	0
Change in Payables	1.85M	-4.76M	3.86M	2.94M	7.02M	1.79M	5.65M	-5.88M	0	11.16M
Cash from Investing+	17.35M	-52.17M	28.02M	-6.15M	-45.76M	-22.95M	-134.6M	-44.07M	-24M	-87.88M
Capital Expenditures	-8.07M	-8.77M	-20.93M	-6.45M	-9.26M	-61.59M	-79.46M	-56.69M	-24.3M	-41.98M
CapEx % of Revenue	0.02%	0.03%	0.07%	0.02%	0.03%	0.18%	0.19%	0.09%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	286K	2.26M	917K	34K	1.63M	427K	-181K	29M	296K	169K
Cash from Financing+	64.88M	-6.76M	-6.58M	-7.2M	43.09M	24.82M	12.59M	81.85M	-51.34M	-42.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.88M	-5.25M	-5.25M	-5.25M	-5.26M	-5.25M	-5.16M	-5.07M	-1.1M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-393K	-595K	-223K	-629K	-698K	-272K	-378K	-516K	-2.23M	-4.75M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-686K	-18.74M	-34.41M	15.29M	1.77M	-6.4M	-33.43M	-7.54M	61.6M	55.35M
FCF Margin %	-0%	-0.06%	-0.11%	0.05%	0.01%	-0.02%	-0.08%	-0.01%	0.08%	0.07%
FCF Growth %	0.97%	-26.32%	-0.84%	1.44%	-0.88%	-4.62%	-4.22%	0.77%	9.17%	-0.1%
FCF per Share	-0.03	-0.76	-1.37	0.60	0.06	-0.19	-0.99	-0.22	1.21	1.00
FCF Conversion (FCF/Net Income)	-0.15x	1.23x	0.41x	-2.76x	1.38x	3.78x	1.78x	3.99x	2.05x	1.54x
Interest Paid	3.44M	3.38M	3.31M	3.22M	7K	349K	-1.94M	-9.07M	-10.39M	0
Taxes Paid	1.64M	2.7M	610K	37K	113K	6.71M	859K	658K	-10.68M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-38.14%	-6.2%	-25.89%	-6.53%	5.51%	7.99%	12.8%	5.58%	17.28%	21.42%
Return on Invested Capital (ROIC)	-14.67%	-1.52%	-23.07%	-5.85%	-1.12%	4.39%	5.49%	4.1%	10.81%	14.68%
Gross Margin	44%	44.17%	42.39%	46.21%	48.15%	50.22%	50.51%	45.69%	47.52%	49.68%
Net Margin	-13.74%	-2.51%	-10.31%	-2.37%	2.66%	4.35%	6.17%	2.03%	5.73%	7.54%
Debt / Equity	0.32x	0.34x	0.33x	0.36x	0.89x	1.05x	0.97x	1.55x	1.13x	0.79x
Interest Coverage	-5.42x	-0.54x	-10.66x	-2.42x	-258.40x	40.95x	11.18x	2.22x	6.22x	14.82x
FCF Conversion	-0.15x	1.23x	0.41x	-2.76x	1.38x	3.78x	1.78x	3.99x	2.05x	1.54x
Revenue Growth	-4.28%	-6.59%	-2.25%	4.59%	-9.27%	11.41%	24.97%	45.05%	20.63%	14.05%

Revenue by Segment

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Postsecondary Education	371.66M	367.63M	350.68M	334.16M	308.88M	300.75M	316.59M	287.19M	323.48M	404.69M
Postsecondary Education Growth	-	-1.09%	-4.61%	-4.71%	-7.56%	-2.63%	5.27%	-9.28%	12.63%	25.11%
Others	8.61M	10.76M	11.99M	12.99M	16.27M	16.22M	14.91M	13.57M	11.61M	14.08M
Others Growth	-	25.08%	11.42%	8.32%	25.27%	-0.34%	-8.03%	-9.04%	-14.44%	21.31%
Consolidation, Eliminations	-	-	-	-	-894K	-	-	-	-	-
Consolidation, Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Universal Technical Institute, Inc. (UTI) has a price-to-earnings (P/E) ratio of 24.6x. This is roughly in line with market averages.

Growth & Financials

Universal Technical Institute, Inc. (UTI) reported $835.6M in revenue for fiscal year 2025. This represents a 102% increase from $413.6M in 2012.

Universal Technical Institute, Inc. (UTI) grew revenue by 14.0% over the past year. This is steady growth.

Yes, Universal Technical Institute, Inc. (UTI) is profitable, generating $63.0M in net income for fiscal year 2025 (7.5% net margin).

Dividend & Returns

Universal Technical Institute, Inc. (UTI) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

Universal Technical Institute, Inc. (UTI) generated $55.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Universal Technical Institute, Inc. (UTI) 10-Year Financial Performance & Capital Metrics

UTI • • Industrial / General

Consumer DefensiveEducation & TrainingVocational & Technical EducationTechnical & Trade Schools

Revenue $836M +14.0%
EBITDA $140M +27.4%
Net Income $63M +50.0%
EPS (Diluted) 1.13 +50.7%
Gross Margin 49.68% +4.5%
EBITDA Margin 16.78% +11.7%
Operating Margin 9.99% +24.3%
Net Margin 7.54% +31.6%
ROE 21.42% +24.0%
ROIC 14.68% +35.8%
Debt/Equity 0.79 -30.3%
Interest Coverage 14.82 +138.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 51.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 22.7%
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.7%

5Y22.68%

3Y25.9%

TTM14.05%

Profit (Net Income) CAGR

10Y-

5Y51.07%

3Y34.59%

TTM50.04%

EPS CAGR

10Y-

5Y84.12%

3Y43.8%

TTM53.91%

ROCE

10Y Avg0.5%

5Y Avg7.95%

3Y Avg9.95%

Latest14.69%

Peer Comparison

Technical & Trade Schools

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINCLincoln Educational Services Corporation	844.67M	26.71	83.47	16.4%	2.86%	7.6%		1.00
UTIUniversal Technical Institute, Inc.	1.51B	27.77	24.58	14.05%	7.54%	19.21%	3.66%	0.79
LGCYLegacy Education Inc.	128.31M	10.21	23.20	29.74%	32.53%	48.84%	0.95%	0.22

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	347.15M	324.26M	316.96M	331.5M	300.76M	335.08M	418.76M	607.41M	732.69M	835.62M
Revenue Growth %	-0.04%	-0.07%	-0.02%	0.05%	-0.09%	0.11%	0.25%	0.45%	0.21%	0.14%
Cost of Goods Sold+	194.4M	181.03M	182.59M	178.32M	155.93M	166.82M	207.23M	329.87M	384.53M	420.49M
COGS % of Revenue	0.56%	0.56%	0.58%	0.54%	0.52%	0.5%	0.49%	0.54%	0.52%	0.5%
Gross Profit+	152.75M	143.24M	134.38M	153.19M	144.83M	168.26M	211.53M	277.54M	348.16M	415.13M
Gross Margin %	0.44%	0.44%	0.42%	0.46%	0.48%	0.5%	0.51%	0.46%	0.48%	0.5%
Gross Profit Growth %	-0.09%	-0.06%	-0.06%	0.14%	-0.05%	0.16%	0.26%	0.31%	0.25%	0.19%
Operating Expenses+	171.37M	145.06M	169.65M	160.99M	148.7M	153.32M	189.16M	305.55M	289.27M	331.66M
OpEx % of Revenue	0.49%	0.45%	0.54%	0.49%	0.49%	0.46%	0.45%	0.5%	0.39%	0.4%
Selling, General & Admin	167.68M	141.54M	169.65M	160.99M	148.7M	153.32M	189.16M	256.14M	289.27M	331.66M
SG&A % of Revenue	0.48%	0.44%	0.54%	0.49%	0.49%	0.46%	0.45%	0.42%	0.39%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-49K	1.09M	1.08M	1.47M	135K	518K	-438K	0	0	0
Operating Income+	-18.62M	-1.82M	-35.27M	-7.8M	-2.58M	14.95M	22.37M	21.4M	58.89M	83.47M
Operating Margin %	-0.05%	-0.01%	-0.11%	-0.02%	-0.01%	0.04%	0.05%	0.04%	0.08%	0.1%
Operating Income Growth %	-1.02%	0.9%	-18.34%	0.78%	0.67%	6.78%	0.5%	-0.04%	1.75%	0.42%
EBITDA+	468K	16.34M	-18.2M	9.49M	34.84M	44.58M	55.15M	67.22M	110.08M	140.25M
EBITDA Margin %	0%	0.05%	-0.06%	0.03%	0.12%	0.13%	0.13%	0.11%	0.15%	0.17%
EBITDA Growth %	-0.95%	33.93%	-2.11%	1.52%	2.67%	0.28%	0.24%	0.22%	0.64%	0.27%
D&A (Non-Cash Add-back)	19.09M	18.17M	17.07M	17.29M	37.42M	29.63M	32.78M	45.82M	51.19M	56.78M
EBIT	-18.09M	650K	-32.39M	-4.45M	-2.58M	15.46M	22.25M	27.74M	65.7M	89.91M
Net Interest Income+	-3.2M	-2.48M	-1.89M	-1.73M	1.14M	-282K	-1.5M	-3.79M	-3.16M	540K
Interest Income	243K	900K	1.43M	1.49M	1.15M	83K	507K	5.86M	6.31M	6.17M
Interest Expense	3.44M	3.38M	3.31M	3.22M	10K	365K	2M	9.66M	9.47M	5.63M
Other Income/Expense	-2.9M	-907K	-422K	137K	1.28M	236K	-1.93M	-3.31M	-2.66M	805K
Pretax Income+	-21.53M	-2.73M	-35.7M	-7.67M	-2.59M	15.18M	20.44M	18.09M	56.23M	84.27M
Pretax Margin %	-0.06%	-0.01%	-0.11%	-0.02%	-0.01%	0.05%	0.05%	0.03%	0.08%	0.1%
Income Tax+	26.17M	5.4M	-3.02M	203K	-10.6M	602K	-5.41M	5.76M	14.23M	21.26M
Effective Tax Rate %	2.22%	2.98%	0.92%	1.03%	-3.09%	0.96%	1.26%	0.68%	0.75%	0.75%
Net Income+	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Net Margin %	-0.14%	-0.03%	-0.1%	-0.02%	0.03%	0.04%	0.06%	0.02%	0.06%	0.08%
Net Income Growth %	-4.21%	0.83%	-3.02%	0.76%	2.02%	0.82%	0.77%	-0.52%	2.41%	0.5%
Net Income (Continuing)	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.96	-0.33	-1.30	-0.31	0.05	0.17	0.38	0.13	0.75	1.13
EPS Growth %	-4.16%	0.83%	-2.94%	0.76%	1.17%	2.18%	1.24%	-0.66%	4.77%	0.51%
EPS (Basic)	-1.96	-0.33	-1.30	-0.31	0.05	0.17	0.39	0.13	0.77	1.16
Diluted Shares Outstanding	24.31M	24.71M	25.11M	25.44M	30.11M	33.12M	33.74M	34.48M	50.85M	55.62M
Basic Shares Outstanding	24.31M	24.71M	25.11M	25.44M	29.81M	32.77M	33.22M	33.98M	49.43M	54.3M
Dividend Payout Ratio	-	-	-	-	0.01%	-	-	-	0.03%	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	161.95M	146.83M	116.8M	118.1M	180.18M	183.39M	135.95M	204.99M	221.95M	246.63M
Cash & Short-Term Investments	120.74M	97.92M	58.1M	65.44M	114.86M	133.72M	95.37M	151.55M	161.9M	127.36M
Cash Only	119.05M	50.14M	58.1M	65.44M	76.8M	133.72M	66.45M	151.55M	161.9M	127.36M
Short-Term Investments	1.69M	47.78M	0	0	38.05M	0	28.92M	0	0	0
Accounts Receivable	15.25M	15.2M	26.29M	23.16M	40.59M	22.69M	22.09M	31.15M	37.3M	93.78M
Days Sales Outstanding	16.04	17.11	30.27	25.5	49.27	24.71	19.25	18.72	18.58	40.97
Inventory	0	-40.02M	24.38M	22.17M	0	0	9.68M	0	0	0
Days Inventory Outstanding	-	-	48.73	45.37	-	-	17.05	-	-	-
Other Current Assets	5.96M	24.22M	22.08M	22.44M	18.61M	20.32M	4.81M	12.87M	10.81M	25.49M
Total Non-Current Assets+	135.21M	127.28M	165.48M	152.42M	261.8M	329.18M	416.96M	535.7M	522.62M	579.51M
Property, Plant & Equipment	114.03M	106.66M	114.85M	104.13M	217.41M	281.13M	346.33M	443M	423.57M	481.68M
Fixed Asset Turnover	3.04x	3.04x	2.76x	3.18x	1.38x	1.19x	1.21x	1.37x	1.73x	1.73x
Goodwill	9.01M	9.01M	8.22M	8.22M	8.22M	8.22M	16.86M	28.46M	28.46M	28.46M
Intangible Assets	0	0	0	0	0	124K	14.21M	18.98M	18.23M	17.35M
Long-Term Investments	4.04M	4.11M	35.4M	34.19M	32.1M	35.21M	32.3M	30.67M	0	41.11M
Other Non-Current Assets	12.17M	11.61M	3.43M	-7.18M	-40.95M	-43.52M	3.89M	10.82M	48.8M	6.62M
Total Assets+	297.16M	274.1M	282.28M	270.53M	441.98M	512.57M	552.91M	740.68M	744.58M	826.14M
Asset Turnover	1.17x	1.18x	1.12x	1.23x	0.68x	0.65x	0.76x	0.82x	0.98x	1.01x
Asset Growth %	0.08%	-0.08%	0.03%	-0.04%	0.63%	0.16%	0.08%	0.34%	0.01%	0.11%
Total Current Liabilities+	94.56M	86.39M	92.46M	96.84M	121.64M	132.72M	137.72M	184.7M	204.96M	229.67M
Accounts Payable	11.8M	9.52M	8.76M	10.03M	12.47M	13.7M	21.75M	14.44M	26.27M	104.64M
Days Payables Outstanding	22.17	19.18	17.51	20.54	29.19	29.98	38.3	15.98	24.94	90.83
Short-Term Debt	0	0	0	0	129K	876K	1.11M	2.52M	2.7M	19.83M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	14.85M	19.82M	22.13M	20.14M	16.63M	31.94M	19.25M	40.35M	39.31M	13.67M
Current Ratio	1.71x	1.70x	1.26x	1.22x	1.48x	1.38x	0.99x	1.11x	1.08x	1.07x
Quick Ratio	1.71x	2.16x	1.00x	0.99x	1.48x	1.38x	0.92x	1.11x	1.08x	1.07x
Cash Conversion Cycle	-	-	61.49	50.34	-	-	-1.99	-	-	-
Total Non-Current Liabilities+	65.98M	61.94M	63.17M	59.39M	143.82M	191.32M	199.79M	330.02M	279.38M	268.36M
Long-Term Debt	0	0	0	0	131K	29.85M	66.42M	159.6M	123.01M	259.07M
Capital Lease Obligations	43.14M	42.03M	40.72M	39.16M	134.09M	153.23M	129.3M	165.03M	146.83M	174.84M
Deferred Tax Liabilities	3.14M	3.14M	329K	329K	674K	674K	0	663K	4.7M	4.14M
Other Non-Current Liabilities	19.7M	16.76M	22.13M	19.9M	8.93M	7.57M	4.07M	4.73M	4.85M	5.14M
Total Liabilities	160.54M	148.33M	155.63M	156.24M	265.46M	324.04M	337.51M	514.72M	484.34M	498.03M
Total Debt+	44.05M	43.14M	42.03M	40.72M	157.75M	198.03M	209.8M	349.62M	294.75M	259.07M
Net Debt	-74.99M	-7M	-16.07M	-24.73M	80.95M	64.31M	143.35M	198.08M	132.84M	131.71M
Debt / Equity	0.32x	0.34x	0.33x	0.36x	0.89x	1.05x	0.97x	1.55x	1.13x	0.79x
Debt / EBITDA	94.13x	2.64x	-	4.29x	4.53x	4.44x	3.80x	5.20x	2.68x	1.85x
Net Debt / EBITDA	-160.24x	-0.43x	-	-2.61x	2.32x	1.44x	2.60x	2.95x	1.21x	0.94x
Interest Coverage	-5.42x	-0.54x	-10.66x	-2.42x	-258.40x	40.95x	11.18x	2.22x	6.22x	14.82x
Total Equity+	136.61M	125.78M	126.64M	114.29M	176.52M	188.53M	215.4M	225.97M	260.23M	328.11M
Equity Growth %	0.2%	-0.08%	0.01%	-0.1%	0.54%	0.07%	0.14%	0.05%	0.15%	0.26%
Book Value per Share	5.62	5.09	5.04	4.49	5.86	5.69	6.38	6.55	5.12	5.90
Total Shareholders' Equity	136.61M	125.78M	126.64M	114.29M	176.52M	188.53M	215.4M	225.97M	260.23M	328.11M
Common Stock	3K	3K	3K	3K	3K	3K	3K	3K	5K	5K
Retained Earnings	-17.45M	-30.83M	-31.55M	-44.67M	-32.97M	-22M	-1.31M	5.95M	38.51M	101.53M
Treasury Stock	-97.39M	-97.39M	-97.39M	-97.39M	-365K	-365K	-365K	-365K	-365K	-365K
Accumulated OCI	18K	0	0	-68.85M	-68.85M	-279K	2.21M	2.46M	1.11M	912K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	7.38M	-9.98M	-13.48M	21.75M	11.03M	55.19M	46.03M	49.15M	85.89M	97.33M
Operating CF Margin %	0.02%	-0.03%	-0.04%	0.07%	0.04%	0.16%	0.11%	0.08%	0.12%	0.12%
Operating CF Growth %	-0.1%	-2.35%	-0.35%	2.61%	-0.49%	4%	-0.17%	0.07%	0.75%	0.13%
Net Income	-47.7M	-8.13M	-32.68M	-7.87M	8.01M	14.58M	25.85M	12.32M	42M	63.02M
Depreciation & Amortization	17.75M	16.89M	15.69M	15.9M	36.08M	29.63M	32.78M	45.82M	51.19M	56.78M
Stock-Based Compensation	4.9M	2.94M	1.81M	1.39M	2.08M	1.73M	4.34M	3.85M	8.56M	9.15M
Deferred Taxes	27.93M	254K	-2.81M	767K	345K	1.44M	-6.01M	4.64M	4.44M	-1.34M
Other Non-Cash Items	879K	-1.12M	2.44M	863K	2.26M	351K	7.84M	5.22M	7.99M	23.86M
Working Capital Changes	3.62M	-20.81M	2.07M	10.69M	-37.73M	7.45M	-18.76M	-22.7M	-28.28M	-54.15M
Change in Receivables	8.2M	-2.98M	-2.69M	-1.48M	-13.75M	8.48M	816K	-5.73M	-17.93M	-43.95M
Change in Inventory	-1.04M	522K	2.5M	5.08M	-21.75M	-19.78M	0	-22.49M	0	0
Change in Payables	1.85M	-4.76M	3.86M	2.94M	7.02M	1.79M	5.65M	-5.88M	0	11.16M
Cash from Investing+	17.35M	-52.17M	28.02M	-6.15M	-45.76M	-22.95M	-134.6M	-44.07M	-24M	-87.88M
Capital Expenditures	-8.07M	-8.77M	-20.93M	-6.45M	-9.26M	-61.59M	-79.46M	-56.69M	-24.3M	-41.98M
CapEx % of Revenue	0.02%	0.03%	0.07%	0.02%	0.03%	0.18%	0.19%	0.09%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	286K	2.26M	917K	34K	1.63M	427K	-181K	29M	296K	169K
Cash from Financing+	64.88M	-6.76M	-6.58M	-7.2M	43.09M	24.82M	12.59M	81.85M	-51.34M	-42.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.88M	-5.25M	-5.25M	-5.25M	-5.26M	-5.25M	-5.16M	-5.07M	-1.1M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-393K	-595K	-223K	-629K	-698K	-272K	-378K	-516K	-2.23M	-4.75M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-686K	-18.74M	-34.41M	15.29M	1.77M	-6.4M	-33.43M	-7.54M	61.6M	55.35M
FCF Margin %	-0%	-0.06%	-0.11%	0.05%	0.01%	-0.02%	-0.08%	-0.01%	0.08%	0.07%
FCF Growth %	0.97%	-26.32%	-0.84%	1.44%	-0.88%	-4.62%	-4.22%	0.77%	9.17%	-0.1%
FCF per Share	-0.03	-0.76	-1.37	0.60	0.06	-0.19	-0.99	-0.22	1.21	1.00
FCF Conversion (FCF/Net Income)	-0.15x	1.23x	0.41x	-2.76x	1.38x	3.78x	1.78x	3.99x	2.05x	1.54x
Interest Paid	3.44M	3.38M	3.31M	3.22M	7K	349K	-1.94M	-9.07M	-10.39M	0
Taxes Paid	1.64M	2.7M	610K	37K	113K	6.71M	859K	658K	-10.68M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-38.14%	-6.2%	-25.89%	-6.53%	5.51%	7.99%	12.8%	5.58%	17.28%	21.42%
Return on Invested Capital (ROIC)	-14.67%	-1.52%	-23.07%	-5.85%	-1.12%	4.39%	5.49%	4.1%	10.81%	14.68%
Gross Margin	44%	44.17%	42.39%	46.21%	48.15%	50.22%	50.51%	45.69%	47.52%	49.68%
Net Margin	-13.74%	-2.51%	-10.31%	-2.37%	2.66%	4.35%	6.17%	2.03%	5.73%	7.54%
Debt / Equity	0.32x	0.34x	0.33x	0.36x	0.89x	1.05x	0.97x	1.55x	1.13x	0.79x
Interest Coverage	-5.42x	-0.54x	-10.66x	-2.42x	-258.40x	40.95x	11.18x	2.22x	6.22x	14.82x
FCF Conversion	-0.15x	1.23x	0.41x	-2.76x	1.38x	3.78x	1.78x	3.99x	2.05x	1.54x
Revenue Growth	-4.28%	-6.59%	-2.25%	4.59%	-9.27%	11.41%	24.97%	45.05%	20.63%	14.05%

Revenue by Segment

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Postsecondary Education	371.66M	367.63M	350.68M	334.16M	308.88M	300.75M	316.59M	287.19M	323.48M	404.69M
Postsecondary Education Growth	-	-1.09%	-4.61%	-4.71%	-7.56%	-2.63%	5.27%	-9.28%	12.63%	25.11%
Others	8.61M	10.76M	11.99M	12.99M	16.27M	16.22M	14.91M	13.57M	11.61M	14.08M
Others Growth	-	25.08%	11.42%	8.32%	25.27%	-0.34%	-8.03%	-9.04%	-14.44%	21.31%
Consolidation, Eliminations	-	-	-	-	-894K	-	-	-	-	-
Consolidation, Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Universal Technical Institute, Inc. (UTI) has a price-to-earnings (P/E) ratio of 24.6x. This is roughly in line with market averages.

Growth & Financials

Universal Technical Institute, Inc. (UTI) reported $835.6M in revenue for fiscal year 2025. This represents a 102% increase from $413.6M in 2012.

Universal Technical Institute, Inc. (UTI) grew revenue by 14.0% over the past year. This is steady growth.

Yes, Universal Technical Institute, Inc. (UTI) is profitable, generating $63.0M in net income for fiscal year 2025 (7.5% net margin).

Dividend & Returns

Universal Technical Institute, Inc. (UTI) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

Universal Technical Institute, Inc. (UTI) generated $55.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.