The company's operational performance has deteriorated significantly, with gross margins collapsing to -12.3% and operating margins plummeting to -97.0% in 2025Q3.
| Metric | TTM | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 | Mar'08 | Mar'07 | Mar'06 | Mar'05 | Mar'04 | Mar'03 | Mar'02 | Mar'01 | Mar'00 | Mar'99 | Mar'98 | Mar'97 | Mar'96 |
|---|
| Sales/Revenue | 10.83M | 23.56M | 19.52M | 22.18M | 19.55M | 17.52M | 14.8M | 17.59M | 14.87M | 14.08M | 13.74M | 9.89M | 12.58M | 15.38M | 13.3M | 13.25M | 26.44M | 26.1M | 33.87M | 35.82M | 28.89M | 23.47M | 17.2M | 15.95M | 10.48M | 7.73M | 7.67M | 9.07M | 11.57M | 15.42M | 19.51M |
| Revenue Growth % | -51.13% | 20.73% | -12% | 13.45% | 11.58% | 18.36% | -15.83% | 18.25% | 5.61% | 2.49% | 38.91% | -21.35% | -18.24% | 15.63% | 0.42% | -49.89% | 1.31% | -22.95% | -5.45% | 23.98% | 23.13% | 36.42% | 7.82% | 52.22% | 35.56% | 0.83% | -15.48% | -21.57% | -25.01% | -20.94% | -21.34% |
| Cost of Goods Sold | 7.23M | 16.73M | 13.92M | 15.83M | 13.52M | 11.88M | 11.04M | 12.03M | 10.33M | 9.93M | 9.96M | 7.56M | 9.74M | 11.04M | 9.79M | 9.49M | 21.11M | 20M | 26M | 25.15M | 19.44M | 16.15M | 11.4M | 10.98M | 7.67M | 5.61M | 5.95M | 7.77M | 9.39M | 13M | 16.37M |
| COGS % of Revenue | - | 71.01% | 71.32% | 71.37% | 69.14% | 67.81% | 74.61% | 68.42% | 69.45% | 70.54% | 72.49% | 76.46% | 77.41% | 71.78% | 73.61% | 71.61% | 79.83% | 76.63% | 76.76% | 70.2% | 67.27% | 68.81% | 66.29% | 68.82% | 73.16% | 72.52% | 77.61% | 85.66% | 81.21% | 84.29% | 83.91% |
| Gross Profit | 3.6M | 6.83M | 5.6M | 6.35M | 6.03M | 5.64M | 3.76M | 5.55M | 4.54M | 4.15M | 3.78M | 2.33M | 2.84M | 4.34M | 3.51M | 3.76M | 5.33M | 6.1M | 7.87M | 10.68M | 9.46M | 7.32M | 5.8M | 4.97M | 2.81M | 2.12M | 1.72M | 1.3M | 2.17M | 2.42M | 3.14M |
| Gross Margin % | 33.23% | 28.99% | 28.68% | 28.63% | 30.86% | 32.19% | 25.39% | 31.58% | 30.55% | 29.46% | 27.51% | 23.54% | 22.59% | 28.22% | 26.39% | 28.39% | 20.17% | 23.37% | 23.24% | 29.8% | 32.73% | 31.19% | 33.71% | 31.18% | 26.84% | 27.48% | 22.39% | 14.34% | 18.79% | 15.71% | 16.09% |
| Gross Profit Growth % | - | 22.03% | -11.84% | 5.26% | 6.96% | 50.04% | -32.32% | 22.23% | 9.53% | 9.77% | 62.34% | -18.05% | -34.56% | 23.64% | -6.66% | -29.44% | -12.6% | -22.49% | -26.29% | 12.9% | 29.2% | 26.23% | 16.58% | 76.84% | 32.38% | 23.75% | 31.98% | -40.13% | -10.29% | -22.82% | -4.89% |
| Operating Expenses | 6.26M | 6.43M | 6.16M | 5.38M | 5.96M | 5.51M | 5.32M | 5.37M | 5.27M | 5.13M | 5.15M | 4.95M | 4.84M | 5.55M | 4.96M | 4.99M | 5.44M | 5.73M | 6.49M | 7.62M | 7.02M | 6.47M | 5.28M | 4.33M | 3.6M | 2.68M | 2.46M | 2.19M | 2.32M | 3.46M | 3.92M |
| OpEx % of Revenue | - | 27.29% | 31.58% | 24.24% | 30.5% | 31.43% | 35.94% | 30.52% | 35.43% | 36.4% | 37.45% | 50.07% | 38.51% | 36.1% | 37.29% | 37.67% | 20.59% | 21.97% | 19.16% | 21.26% | 24.31% | 27.57% | 30.7% | 27.11% | 34.35% | 34.61% | 32.12% | 24.16% | 20.05% | 22.44% | 20.08% |
| Selling, General & Admin | 5.96M | 6M | 5.74M | 4.97M | 5.52M | 5.03M | 4.63M | 4.86M | 4.62M | 4.44M | 4.48M | 4.18M | 4.25M | 5.01M | 4.39M | 4.38M | 4.73M | 5.3M | 6.12M | 7.29M | 6.78M | 6.19M | 5.01M | 4.04M | 3.38M | 2.45M | 2.24M | 2.06M | 2.09M | 3.21M | 3.7M |
| SG&A % of Revenue | - | 25.48% | 29.39% | 22.43% | 28.26% | 28.73% | 31.27% | 27.66% | 31.04% | 31.56% | 32.61% | 42.21% | 33.8% | 32.57% | 32.99% | 33.02% | 17.9% | 20.3% | 18.08% | 20.35% | 23.45% | 26.38% | 29.13% | 25.33% | 32.23% | 31.73% | 29.21% | 22.73% | 18.09% | 20.81% | 18.95% |
| Research & Development | 299.36K | 424.85K | 427.23K | 402.69K | 438.2K | 471.55K | 691.89K | 502.85K | 653.9K | 682.51K | 665.28K | 776.78K | 592.49K | 543.14K | 570.95K | 615.64K | 712.69K | 435.75K | 364.51K | 296.53K | 246.88K | 277.54K | 270.16K | 284.55K | 222.82K | 176.77K | 191.65K | 129.88K | 226.53K | 250.75K | 220.05K |
| R&D % of Revenue | - | 1.8% | 2.19% | 1.82% | 2.24% | 2.69% | 4.67% | 2.86% | 4.4% | 4.85% | 4.84% | 7.85% | 4.71% | 3.53% | 4.29% | 4.65% | 2.7% | 1.67% | 1.08% | 0.83% | 0.85% | 1.18% | 1.57% | 1.78% | 2.13% | 2.29% | 2.5% | 1.43% | 1.96% | 1.63% | 1.13% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.58K | 0 | 0 | 0 | 0 | 0 | 45.86K | 31.74K | 0 | 0 | 0 | 0 |
| Operating Income | -2.66M | 402.05K | -564.8K | 972.57K | 69.69K | 133.78K | -1.56M | 186.86K | -726.24K | -978.14K | -1.37M | -2.62M | -2M | -1.21M | -1.45M | -1.23M | -112.77K | 366.94K | 1.38M | 3.06M | 2.43M | 851.26K | 517.63K | 648.49K | -788.01K | -597.12K | -745.8K | -891.01K | -146.16K | -1.04M | -778.27K |
| Operating Margin % | -24.51% | 1.71% | -2.89% | 4.39% | 0.36% | 0.76% | -10.55% | 1.06% | -4.88% | -6.95% | -9.94% | -26.53% | -15.92% | -7.88% | -10.9% | -9.28% | -0.43% | 1.41% | 4.08% | 8.54% | 8.42% | 3.63% | 3.01% | 4.06% | -7.52% | -7.72% | -9.73% | -9.82% | -1.26% | -6.73% | -3.99% |
| Operating Income Growth % | - | 171.18% | -158.07% | 1295.57% | -47.91% | 108.57% | -935.86% | 125.73% | 25.75% | 28.4% | 47.94% | -31.03% | -65.25% | 16.39% | -17.93% | -989.92% | -130.73% | -73.44% | -54.86% | 25.74% | 185.88% | 64.45% | -20.18% | 182.29% | -31.97% | 19.94% | 16.3% | -509.62% | 85.93% | -33.43% | 40.13% |
| EBITDA | -2.46M | 566.17K | -396.87K | 1.14M | 248.51K | 300.06K | -1.4M | 206.92K | -694.95K | -948.41K | -1.33M | -2.58M | -1.96M | -1.17M | -1.41M | -1.17M | -56.41K | 416.15K | 1.43M | 3.21M | 2.46M | 885.31K | 550.85K | 686.57K | -757.53K | -551.26K | -714.07K | -749.85K | 11.89K | -873.36K | -596.49K |
| EBITDA Margin % | -22.73% | 2.4% | -2.03% | 5.12% | 1.27% | 1.71% | -9.44% | 1.18% | -4.67% | -6.73% | -9.67% | -26.06% | -15.57% | -7.62% | -10.58% | -8.82% | -0.21% | 1.59% | 4.22% | 8.96% | 8.52% | 3.77% | 3.2% | 4.3% | -7.23% | -7.13% | -9.31% | -8.27% | 0.1% | -5.66% | -3.06% |
| EBITDA Growth % | -140.48% | 242.66% | -134.94% | 357.14% | -17.18% | 121.46% | -775.6% | 129.78% | 26.72% | 28.62% | 48.47% | -31.62% | -67.18% | 16.79% | -20.54% | -1970.68% | -113.56% | -70.85% | -55.53% | 30.43% | 178.09% | 60.72% | -19.77% | 190.63% | -37.42% | 22.8% | 4.77% | -6404.93% | 101.36% | -46.42% | 60.23% |
| D&A (Non-Cash Add-back) | 239.42K | 164.13K | 167.93K | 163.46K | 178.82K | 166.27K | 163.94K | 20.06K | 31.29K | 29.73K | 37.53K | 46.07K | 43.94K | 40.3K | 41.52K | 61.02K | 56.36K | 49.21K | 46.5K | 150.97K | 28.34K | 34.05K | 33.22K | 38.08K | 30.48K | 45.86K | 31.74K | 141.16K | 158.05K | 165.1K | 181.78K |
| EBIT | -8.95K | 402.05K | -540.06K | 972.57K | 69.69K | 133.78K | -1.56M | -863.03K | -726.24K | -978.14K | -1.37M | -2.62M | -2M | -1.21M | -892.89K | 675.08K | 2.56M | 1.93M | 1.38M | 3.59M | 2.43M | 851.26K | 517.63K | 648.49K | -788.01K | -551.26K | -745.8K | -891.01K | -146.16K | -1.04M | -778.27K |
| Net Interest Income | -144.13K | -262.37K | -130.99K | -237.69K | -147.84K | -86.84K | -409.7K | -484.95K | -213.13K | -63.25K | -29.77K | 22.83K | 23.32K | 90.43K | 56.18K | 208.92K | -46.19K | 5.03K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 24.75K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.83K | 23.32K | 90.43K | 56.18K | 213.09K | 32.26K | 37.23K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 144.13K | 262.37K | 155.73K | 237.69K | 147.84K | 86.84K | 409.7K | 484.95K | 213.13K | 63.25K | 29.77K | 0 | 0 | 0 | 0 | 4.17K | 78.45K | 32.2K | 0 | 0 | 0 | 0 | 0 | 2.4M | 261.63K | 0 | 41.06K | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.5M | -262.37K | -130.99K | -237.69K | -147.84K | 134.56K | -4.25M | -1.53M | -1.54M | -1.08M | -771.61K | -1.11M | -136.63K | 813.26K | 556.68K | 1.9M | 2.6M | 1.53M | 1.96M | 3.79M | 2.07M | 2.29M | 2.08M | 1.75M | 788.01K | 40.23K | 745.8K | -242 | -292 | 111.59K | -307 |
| Pretax Income | -153.08K | 139.68K | -695.79K | 734.89K | -78.15K | 268.34K | -5.81M | -1.35M | -2.26M | -2.06M | -2.14M | -3.73M | -2.14M | -398.71K | -892.89K | 670.92K | 2.49M | 1.9M | 3.34M | 6.85M | 4.5M | 3.14M | 2.6M | 2.4M | 261.63K | -758.94K | 41.06K | -806.55K | -445.13K | -1.48M | -1.1M |
| Pretax Margin % | -1.41% | 0.59% | -3.56% | 3.31% | -0.4% | 1.53% | -39.27% | -7.66% | -15.21% | -14.62% | -15.56% | -37.71% | -17.01% | -2.59% | -6.71% | 5.06% | 9.4% | 7.29% | 9.85% | 19.13% | 15.59% | 13.37% | 15.09% | 15.05% | 2.5% | -9.82% | 0.54% | -8.89% | -3.85% | -9.62% | -5.63% |
| Income Tax | 21K | -361K | 0 | 14.48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25K | 2.31M | 53.85K | -389.6K | -146.86K | 217.28K | 459.38K | 512.24K | 1.32M | -96.5K | -281.14K | 24K | 0 | -261.63K | 758.94K | -41.06K | 806.55K | 445.13K | 1.48M | 1.1M |
| Effective Tax Rate % | -13.72% | -258.44% | 0% | 1.97% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.67% | -108.01% | -13.51% | 43.63% | -21.89% | 8.74% | 24.16% | 15.35% | 19.28% | -2.14% | -8.96% | 0.92% | 0% | -100% | -100% | -100% | -100% | -100% | -100% | -100% |
| Net Income | -174.08K | 500.68K | -695.79K | 720.41K | -78.15K | 268.34K | -5.81M | -1.35M | -2.26M | -2.06M | -2.14M | -3.7M | -4.45M | -452.56K | -503.29K | 817.78K | 2.27M | 4.87M | -5.57M | 5.53M | 4.6M | 3.42M | 2.57M | 2.4M | 261.63K | -758.94K | 41.06K | -806.55K | -445.13K | -1.48M | -1.1M |
| Net Margin % | -1.61% | 2.12% | -3.56% | 3.25% | -0.4% | 1.53% | -39.27% | -7.66% | -15.21% | -14.62% | -15.56% | -37.46% | -35.38% | -2.94% | -3.78% | 6.17% | 8.58% | 18.64% | -16.44% | 15.45% | 15.92% | 14.57% | 14.95% | 15.05% | 2.5% | -9.82% | 0.54% | -8.89% | -3.85% | -9.62% | -5.63% |
| Net Income Growth % | 86.38% | 171.96% | -196.58% | 1021.83% | -129.12% | 104.62% | -331.3% | 40.42% | -9.88% | 3.69% | 42.3% | 16.75% | -883.35% | 10.08% | -161.54% | -63.94% | -53.38% | 187.37% | -200.64% | 20.28% | 34.6% | 32.94% | 7.11% | 817.47% | 134.47% | -1948.55% | 105.09% | -81.2% | 69.99% | -35% | 15.48% |
| Net Income (Continuing) | -174.08K | 500.68K | -695.79K | 720.41K | -78.15K | 268.34K | -5.81M | -1.35M | -2.26M | -2.06M | -2.14M | -3.7M | -4.45M | -452.56K | -503.29K | 817.78K | 2.27M | 1.44M | 2.82M | 6.09M | 4.6M | 3.42M | 2.57M | 2.4M | 261.63K | -758.94K | 41.06K | -806.55K | -445.13K | -1.48M | -1.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.08 | 0.22 | -0.17 | 0.31 | -0.10 | 0.08 | -1.03 | -0.58 | -0.98 | -0.89 | -0.92 | -1.60 | -1.94 | -0.20 | -0.21 | 0.34 | 0.95 | 1.96 | -2.23 | 2.23 | 1.89 | 1.46 | 1.12 | 1.16 | 0.16 | -0.47 | 0.02 | -0.53 | -0.31 | -1.03 | -0.76 |
| EPS Growth % | 85.45% | 229.41% | -154.84% | 417.3% | -224.46% | 107.62% | -77.59% | 40.82% | -10.11% | 3.26% | 42.5% | 17.53% | -870% | 4.76% | -161.76% | -64.21% | -51.53% | 187.89% | -200% | 17.99% | 29.45% | 30.36% | -3.45% | 625% | 134.04% | -2188.89% | 104.25% | -70.97% | 69.9% | -35.53% | 52.5% |
| EPS (Basic) | - | 0.22 | -0.17 | 0.31 | -0.10 | 0.08 | -1.03 | -0.58 | -0.98 | -0.89 | -0.92 | -1.60 | -1.94 | -0.20 | -0.21 | 0.34 | 0.95 | 1.97 | -2.24 | 2.31 | 2.06 | 1.60 | 1.27 | 1.25 | 0.16 | -0.47 | 0.03 | -0.53 | -0.31 | -1.03 | -0.76 |
| Diluted Shares Outstanding | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.29M | 2.31M | 2.37M | 2.4M | 2.4M | 2.47M | 2.5M | 2.48M | 2.43M | 2.35M | 2.3M | 2.08M | 1.68M | 1.62M | 1.67M | 1.54M | 1.44M | 1.44M | 1.44M |
| Basic Shares Outstanding | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.31M | 2.29M | 2.26M | 2.37M | 2.39M | 2.39M | 2.47M | 2.48M | 2.4M | 2.23M | 2.14M | 2.02M | 1.92M | 1.67M | 1.62M | 1.61M | 1.54M | 1.44M | 1.44M | 1.44M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Extreme Revenue Volatility
As indicated by the most recent quarterly filings, UUU experienced a precipitous 99.6% year-over-year revenue decline in 2025Q3, highlighting extreme instability in the company's top-line performance compared to the more consistent growth trajectories observed among larger industry peers like SPX Technologies and MSA Safety.
The erratic nature of revenue recognition suggests that UUU's business model is highly susceptible to lumpy order patterns or potential channel inventory imbalances. This lack of predictable demand makes it difficult to ascertain whether the company possesses a sustainable market position or is merely reacting to transient, non-recurring procurement cycles.
Based on the reported financial data, UUU's gross margin collapsed to -12.3% in 2025Q3, a stark departure from the historical norms and a clear signal that the company lacks the pricing power necessary to offset rising procurement costs or inventory write-downs in a competitive environment.
The inability to maintain positive gross margins suggests that the company's cost structure is fundamentally misaligned with its current sales volume. Investors should monitor whether this margin compression is a temporary byproduct of inventory liquidation or a permanent impairment of the firm's value-add proposition in the safety device market.
According to the income statement, UUU's operating margin plummeted to -97.0% in 2025Q3, demonstrating that the firm's fixed SG&A expenses are far too heavy to be supported by the current, highly volatile revenue base, thereby preventing any meaningful path to operational scale.
The company appears to be trapped in a cycle where fixed overhead costs continue to consume capital despite the lack of top-line growth. This lack of operating leverage implies that the business model may require a significant structural overhaul to achieve even break-even profitability under current market conditions.
As reported in recent financial statements, the 2025Q3 net loss was exacerbated by $896.7K in stock-based compensation, which significantly distorted the bottom line and raises concerns regarding the alignment of management incentives during a period of severe operational contraction and negative cash generation.
The presence of substantial stock-based compensation during a quarter of near-zero revenue suggests a disconnect between executive compensation and actual shareholder value creation. This practice warrants further investigation, as it effectively dilutes existing shareholders while the core business struggles to maintain basic operational viability.
While some might argue that UUU's niche in the manufactured housing channel provides a defensive moat, the company's recent financial performance suggests that its reliance on low-margin distribution is increasingly unsustainable in the face of rising input costs and limited liquidity.
Short-term observers might focus on the potential for a recovery in housing starts, but the current income statement reveals a company that lacks the financial cushion to survive prolonged periods of market weakness. The combination of negative margins and minimal cash reserves suggests that the firm's survival may be at risk without a fundamental shift in strategy.
Quick answers to the most common questions about buying UUU stock.
For fiscal year 2024, Universal Safety Products, Inc. (UUU) reported total revenue of $23.6M. This represents a 20.8% increase compared to $19.5M in 1995.
Universal Safety Products, Inc. (UUU) is profitable, generating $0.5M in net income for the fiscal year ending 2024 with a net profit margin of 2.1%.
Universal Safety Products, Inc. (UUU) reported an operating income of $0.4M, resulting in an operating profit margin of 1.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Universal Safety Products, Inc. (UUU) generated $6.8M in gross profit for the year, representing a gross profit margin of 29.0%. This demonstrates the company's core pricing power and production efficiency.