UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. It operates in three segments: Uniform & Facility Service Solutions; First Aid & Safety Solutions; and Other. The company offers uniforms, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; specialized protective wear comprising flame resistant and high visibility garments; and first aid cabinet services and other safety supplies, as well as safety training services. It also engages in the rent and sale of non-garment items and services that include industrial wiping products, floor mats, dry and wet mops, and other textile products, as well as the wholesale distribution and pill packaging operations for non-prescription medicines. In addition, the company provides garment service options, including full-service rental and lease programs. Further, it offers restroom and cleaning supplies, such as air fresheners, paper products, gloves, masks, hand soaps, and sanitizers. Additionally, it provides specialized services, including decontamination and cleaning of work clothes and other items that have been exposed to radioactive materials and services special cleanroom protective wear. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, manufacturers, maintenance facilities, restaurants and food-related businesses, business service companies, soft and durable goods wholesalers, transportation companies, energy producing operations, and healthcare providers, as well as others that require employee clothing on the job for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.4B | $325M | $148M | $143M | 6.8% | 0.2% | 1.9% |
| 2024 | $2.4B | $325M | $145M | $135M | 6.9% | 8.7% | 40.3% |
| 2023 | $2.2B | $255M | $104M | $44M | 5.2% | 11.6% | 0.3% |
| 2022 | $2.0B | $243M | $103M | $-22M | 5.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,000.82 | 2,233.05 | 2,427.43 | 2,432.35 |
| Operating Revenue | - | 2,000.82 | 2,233.05 | 2,427.43 | 2,432.35 |
| Cost Of Revenue | - | 1,306.45 | 1,481.30 | 1,579.84 | 1,542.40 |
| Gross Profit | - | 694.37 | 751.75 | 847.60 | 889.95 |
| Operating Expense | - | 560.02 | 618.15 | 664.02 | 705.45 |
| Selling General And Administration | - | 451.24 | 496.92 | 522.59 | 565.10 |
| Total Expenses | - | 1,866.47 | 2,099.44 | 2,243.85 | 2,247.85 |
| Operating Income | - | 134.35 | 133.60 | 183.58 | 184.50 |
| Total Operating Income As Reported | - | 134.35 | 133.60 | 183.58 | 184.50 |
| EBITDA | - | 243.13 | 254.84 | 325.01 | 324.85 |
| Normalized EBITDA | - | 243.13 | 254.84 | 325.01 | 324.85 |
| EBIT | - | 134.35 | 133.60 | 183.58 | 184.50 |
| Interest Income | - | 2.85 | 6.74 | 7.24 | 9.77 |
| Net Interest Income | - | 2.85 | 6.74 | 7.24 | 9.77 |
| Other Non Operating Income Expenses | - | -2.88 | -1.50 | -1.44 | 1.11 |
| Other Income Expense | - | -2.88 | -1.50 | -1.44 | 1.11 |
| Interest Income Non Operating | - | 2.85 | 6.74 | 7.24 | 9.77 |
| Net Non Operating Interest Income Expense | - | 2.85 | 6.74 | 7.24 | 9.77 |
| Pretax Income | - | 134.32 | 138.84 | 189.38 | 195.38 |
| Tax Provision | - | 30.92 | 35.16 | 43.90 | 47.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Net Income From Continuing And Discontinued Operation | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Net Income From Continuing Operation Net Minority Interest | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Net Income | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Net Income Common Stockholders | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Net Income Including Noncontrolling Interests | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Normalized Income | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Diluted NI Availto Com Stockholders | - | 103.40 | 103.67 | 145.47 | 148.27 |
| Basic Average Shares | - | 18.88 | 18.69 | 18.66 | 18.52 |
| Diluted Average Shares | - | 18.93 | 18.76 | 18.72 | 18.58 |
| Reconciled Depreciation | - | 108.78 | 121.23 | 141.43 | 140.35 |
| Reconciled Cost Of Revenue | - | 1,306.45 | 1,481.30 | 1,579.84 | 1,542.40 |
| Depreciation Amortization Depletion Income Statement | - | 108.78 | 121.23 | 141.43 | 140.35 |
| Depreciation And Amortization In Income Statement | - | 108.78 | 121.23 | 141.43 | 140.35 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| UniFirst Corporationthis co. | UNF | $4.9B | 33.11β discount | 2.26 | 6.8% | 14.69 |
| Casella Waste Systems, Inc. | CWST | $5.3B | 676.02 | 3.39 | 0.5% | 16.96 |
| VSE Corporation | VSEC | $5.2B | 440.96 | 3.59 | 0.8% | 41.96 |
| ADT Inc. | ADT | $5.1B | 8.60 | 1.36 | 15.8% | 4.79 |
| WillScot Holdings Corporation | WSC | $4.8B | -90.45 |
| - |
| - |
| - |
| - |
| - |
| 5.60 |
| -6.2% |
| 14.32 |
| AAR Corp. | AIR | $4.6B | 367.52 | 3.79 | 1.0% | 32.71 |
| Resideo Technologies, Inc. | REZI | $4.6B | - | 1.57 | -19.3% | - |
| RXO, Inc. | RXO | $4.6B | -45.57 | 2.96 | -6.5% | 144.72 |
| Mirion Technologies, Inc. | MIR | $4.5B | 154.78 | 2.39 | 1.5% | 24.76 |
| Peer Median | - | 154.78 | 3.17 | 0.7% | 24.76 | |