UNIVERSAL CORP /VA/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data UNIVERSAL CORP /VA/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	2,071	2,034	2,213	1,892	1,965	2,091	2,550	2,722	2,923	2,885
Cost of revenue	1,677	1,662	1,821	1,553	1,597	1,695	2,112	2,212	2,399	2,412
Gross profit	395	372	393	339	368	396	438	509	524	473
Selling, general and administrative	212	201	225	223	220	241	277	311	305	301
Operating income	178	171	161	126	148	160	181	222	233	168
Interest expense	16.3	15.6	17.5	19.9	25	27.7	49.3	66.3	79.6	74
Interest income	1.4	1.69	1.53	1.58	0.33	0.92	6.02	4.5	3.48	1.96
Other non-operating income	-0.05	0.66	0.83	0.99	-0.44	2.69	1.79	3.08	2.57	2.85
Pre-tax income	169	167	151	113	126	142	142	164	154	103
Income tax	56.7	50.5	41.2	35.3	29.4	38.7	11.7	31.1	40.9	46.7
Net income to minority interests	6.2	10.5	6.01	6.32	8.9	17	6.18	13.4	18.2	23.4
Net income	106	106	104	71.7	87.4	86.6	124	120	95	32.6
EBITDA	214	206	198	165	193	213	238	280	293	222
EPS, basic	0.89	4.18	4.14	2.87	3.55	3.50	5.01	4.81	3.81	1.30
EPS, diluted	0.88	4.14	4.11	2.86	3.53	3.47	4.97	4.78	3.78	1.30
Shares, basic (weighted)	23.4	25.3	25.1	25	24.7	24.8	24.8	24.9	24.9	25
Shares, diluted (weighted)	23.8	25.5	25.3	25.1	24.8	24.9	24.9	25	25.1	25.2
Dividend per share	2.14	2.18	3.00	3.04	3.08	3.12	3.16	3.20	3.24	3.28

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	284	234	298	107	197	81.6	64.7	55.6	260	62.2
Receivables	439	377	368	341	367	385	402	525	626	564
Other current assets	81.3	88.2	71.2	67.5	66.8	117	99.8	93.7	78	97.3
Total current assets	1,561	1,589	1,588	1,480	1,555	1,748	1,803	2,103	2,156	1,972
Property, plant and equipment	317	324	302	315	350	345	351	366	373	373
Lease right-of-use assets			0	39.3	31.2	40.2	40.5	32.5	34.3	37.3
Goodwill	98.8	98.8	97.9	127	173	214	214	214	214	173
Intangible assets			0.09	17.9	72.3	92.6	80.1	68.9	57.8	48.6
Other non-current assets	41.9	50.4	50.7	43.7	52.2	41.1	51.3	50.2	45.9	49.1
Total assets	2,123	2,169	2,133	2,121	2,342	2,586	2,639	2,937	2,990	2,767
Accounts payable	154	164	146	140	139	272
Accrued liabilities	32	27.9	31.4	23.7	29.9	27.3	33.1	39.8	44.6	33.2
Deferred revenue			21.7	10.2	8.77	13.7	3.06	17.2	3.76	3.38
Short-term debt	0	0	0	0	0	0	0	0	0	0
Total current liabilities	268	268	254	267	293	519	442	711	750	564
Long-term debt	369	369	369	369	518	519	617	617	618	617
Lease liabilities			0	25.9	19.7	29.6	25.5	19.3	20.6	24.4
Other non-current liabilities	31.4	46	43.2	69.4	59.8	34.5	32.5	27.9	22.9	24.9
Total liabilities	797	783	753	832	993	1,202	1,202	1,458	1,489	1,306
Total debt	370	370	370	369	518	519	617	617	618	617
Retained earnings	1,035	1,081	1,106	1,077	1,088	1,094	1,137	1,173	1,187	1,137
Other comprehensive income	-69.6	-60.1	-95.7	-152	-107	-84.3	-77.1	-81.6	-80.1	-73.1
Shareholders' equity	1,286	1,342	1,337	1,247	1,307	1,341	1,397	1,437	1,459	1,415
Minority interests	40.1	42.9	42.8	42.6	41.1	44.2	39.9	41.7	42	45.7
Total equity	1,327	1,385	1,380	1,289	1,348	1,385	1,437	1,479	1,501	1,461
Total liabilities and equity	2,123	2,169	2,133	2,121	2,342	2,586	2,639	2,937	2,990	2,767
Shares outstanding	25.3	24.9	25	24.4	24.5	24.6	24.6	24.6	24.7	24.9

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	113	116	110	78	96.3	104	130	133	113	56
Depreciation and amortization	36	34.9	37.1	38.4	44.7	52.5	57.3	58.3	59.8	53.4
Stock-based compensation	6.48	7.61	8.15	5.63	6.11	6.19	8.42	12.1	8.53	7.12
Deferred income tax	16.6	-11.1	3.87	-8.7	-2.34	-2.47	-7.66	-5.41	1.08	-0.96
Change in inventory					54.6	-246	-41.9	-236	245	-89.5
Change in payables	30.7	13.4	-54.9	-48.5	11.3	109	-84.6	20.8	-8.7	-12.6
Cash from operations	250	81.2	165	10.9	220	44.9	-10.6	-74.6	327	129
Capital expenditures	-35.6	-34	-38.8	-35.2	-66.2	-53.2	-54.7	-66	-62.6	-48.8
Acquisitions	0	0	0	-80.2	-162	-102	0	0
Cash from investing	-33.9	-27.4	-34.7	-106	-217	-143	-50.4	-60	-58.8	-43
Debt issued	0	0	41.1	0	150	0	123	0	0	89.1
Debt repaid	0	0	-41.1	0	0	0	-23.5	0	0	-89.1
Stock issued	0
Share buybacks	0	-21.6	-1.44	-33.5	0	-3.05	-3.45	-4.74	0	0
Dividends paid	-49.8	-54.7	-69.9	-75.4	-75.2	-76.4	-77.4	-78.4	-79.7	-81.3
Cash from financing	-251	-105	-65.8	-94.1	91.4	-16.8	38.9	126	-63.2	-284
Exchange rate effect	-0.67	0.93	-0.61	-0.51	1.26	-1.03	-1	-0.14	-0.4	0.26
Net change in cash	-35.5	-49.9	63.4	-190	95.8	-116	-23	-9.1	205	-198
Free cash flow	215	47.2	126	-24.3	154	-8.32	-65.2	-141	264	80.3
Interest paid	16.3	15.6	16.5	19.4	24.2	27.1	49.9	61.1	75.3	71.8
Income taxes paid	37.3	58.3	44.9	31	36.4	33	49.1	38.1	38.4	43.1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $42.47 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	15.6%	Gross profit / revenue.
Operating margin	4.9%	Operating income / revenue.
EBITDA margin	6.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	0.7%	Net income / revenue.
FCF margin	5.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	7.7%	Cash from operations / revenue.
Return on equity (ROE)	1.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.6%	Net income / average total assets.
Return on invested capital (ROIC)	5.9%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	10.7%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.9%	Capital expenditures / revenue.
D&A / revenue	1.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	4.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-9.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	5.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-27.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-2.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	2.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-24.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-2.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	2.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-65.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-35.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-17.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-65.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-36.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-18.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-60.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	-10.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-69.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-12.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	1.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	1.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-3.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	0.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.57x	Current assets / current liabilities.
Quick ratio	0.60x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.20x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.44x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	20.3%	Total debt / total assets.
Liabilities / assets	53.1%	Total liabilities / total assets.
Net debt	$443.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.34x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	1.88x	Operating income / interest expense.
Working capital	$1.37B	Current assets - current liabilities.
Goodwill and intangibles / assets	7.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.17B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.93x	Revenue / average total assets.
Fixed asset turnover	7.47x	Revenue / average property, plant and equipment.
Receivables turnover	8.08x	Revenue / average receivables.
Days sales outstanding	45 days	365 x average receivables / revenue.
FCF conversion	859.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.76	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$112.14	Revenue / diluted weighted shares.
FCF per share	$6.55	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.66	Cash from operations / diluted weighted shares.
Book value per share	$55.37	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$46.63	Tangible book value / shares outstanding.
Cash per share	$6.92	(Cash + short-term investments) / shares outstanding.
Payout ratio	427.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	49.7%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.06B	Share price x shares outstanding.
Enterprise value	$1.50B	Market cap + total debt - cash - short-term investments.
P/E	55.3x	Market cap / net income. Only when net income is positive.
P/S	0.38x	Market cap / revenue.
P/B	0.76x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.90x	Market cap / tangible book value, when positive.
P/FCF	6.43x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	4.87x	Market cap / cash from operations, when positive.
EV/Sales	0.53x	Enterprise value / revenue.
EV/EBIT	11.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	7.92x	Enterprise value / EBITDA, when both are positive.
EV/FCF	9.13x	Enterprise value / free cash flow, when both are positive.
FCF yield	15.5%	Free cash flow / market cap.
Earnings yield	1.8%	Net income / market cap (the inverse of P/E).
Dividend yield	7.7%	Dividends paid over the period / market cap.
Shareholder yield	7.7%	(Dividends paid + share buybacks) / market cap.

What was UNIVERSAL CORP /VA/'s revenue in fiscal 2026?

UNIVERSAL CORP /VA/ reported revenue of $2.89B for fiscal 2026, 1.3% lower than the year before.

Was UNIVERSAL CORP /VA/ profitable in fiscal 2026?

Yes. Net income was $32.6M, a net margin of 1.1%.

How much free cash flow did UNIVERSAL CORP /VA/ generate in fiscal 2026?

Cash from operations of $129.1M minus capital expenditures of $48.8M left free cash flow of $80.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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