Universal Technical Institute, Inc.

UTI

Consumer DefensiveSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Universal Technical Institute, Inc. provides transportation, skilled trades, and healthcare education programs in the United States. It operates in two segments, UTI and Concorde. The company offers certificate, diploma, or degree programs. It also 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. The company serves students, partners, and communities by providing education and support services in various fields. Universal Technical Institute, Inc. was founded in 1965 and is based in Phoenix, Arizona.

Valuation

Market Cap$2.5B

Current Price$40.05as of Jun 23, 2026

P/E Ratio39.23

P/B Ratio7.53

EV / EBITDA17.89

EV / Sales3.14

Profitability

Operating Margin10.0%

Net Profit Margin7.5%

EBITDA Margin17.6%

Returns

ROE19.2%

ROCE14.0%

ROIC %14.0%

ROA7.6%

Solvency

Current Ratio1.07

Debt / Equity0.85

Debt / Assets0.34

CFO / Net Profit1.54

Price History▲ 15.22% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$836M▲ 14.0%

EBITDA$147M▲ 25.5%

Net Profit$63M▲ 50.0%

Cash from Ops (CFO)$97M▲ 13.3%

Free Cash Flow (FCF)$55M▼ 10.1%

Revenue CAGR 3Y25.9%

Revenue CAGR 5Y-

Net Profit CAGR 3Y34.6%

Net Profit CAGR 5Y-

Historical Growth

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	$836M	$147M	$63M	$55M	19.2%	14.0%	50.0%
2024	$733M	$117M	$42M	$62M	16.1%	20.6%	240.9%
2023	$607M	$74M	$12M	$-8M	5.5%	45.0%	-52.3%
2022	$419M	$55M	$26M	$-33M	12.0%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	418.76	607.41	732.69	835.62
Operating Revenue	-	418.76	607.41	732.69	835.62
Cost Of Revenue	-	207.23	329.87	384.53	420.49
Gross Profit	-	211.53	277.54	348.16	415.12
Operating Expense	-	189.16	256.14	289.27	331.66
Selling General And Administration	-	189.16	256.14	289.27	331.66
Total Expenses	-	396.39	586.01	673.80	752.15
Operating Income	-	22.37	21.40	58.89	83.47
Total Operating Income As Reported	-	22.37	21.40	58.89	83.47
EBITDA	-	55.22	73.56	116.89	146.69
Normalized EBITDA	-	55.22	73.56	116.89	146.69
EBIT	-	22.44	27.74	65.70	89.91
Interest Income	-	0.51	5.86	6.31	6.17
Interest Expense	-	2	9.66	9.47	5.63
Net Interest Income	-	-1.50	-3.80	-3.16	0.54
Other Non Operating Income Expenses	-	-0.44	0.48	0.50	0.26
Other Income Expense	-	-0.44	0.48	0.50	0.26
Interest Income Non Operating	-	0.51	5.86	6.31	6.17
Interest Expense Non Operating	-	2	9.66	9.47	5.63
Net Non Operating Interest Income Expense	-	-1.50	-3.80	-3.16	0.54
Pretax Income	-	20.44	18.09	56.23	84.27
Tax Provision	-	-5.41	5.76	14.23	21.26
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	25.85	12.32	42	63.02
Net Income From Continuing And Discontinued Operation	-	25.85	12.32	42	63.02
Net Income From Continuing Operation Net Minority Interest	-	25.85	12.32	42	63.02
Net Income	-	25.85	12.32	42	63.02
Net Income Common Stockholders	-	12.84	4.54	38.05	63.02
Net Income Including Noncontrolling Interests	-	25.85	12.32	42	63.02
Normalized Income	-	25.85	12.32	42	63.02
Diluted NI Availto Com Stockholders	-	12.84	4.54	38.05	63.02
Basic Average Shares	-	33.22	33.98	49.43	54.30
Diluted Average Shares	-	33.74	34.48	50.85	55.62
Reconciled Depreciation	-	32.78	45.82	51.18	56.78
Reconciled Cost Of Revenue	-	207.23	329.87	384.53	420.49
Total Unusual Items	0	-2	0	-	-
Total Unusual Items Excluding Goodwill	0	-2	0	-	-
Preferred Stock Dividends	5.25	5.16	5.07	1.10	-
Special Income Charges	0	-2	0	-	-
Impairment Of Capital Assets	0	2	0	-	-
Depreciation Amortization Depletion Income Statement	0.80	1.17	-	-	-
Depreciation And Amortization In Income Statement	0.80	1.17	-	-	-
General And Administrative Expense	-	134.44	183.97	211.01	243.07
Other Gand A	-	40.88	53.57	63.30	81.18
Salaries And Wages	-	93.55	130.40	147.70	161.88
Rent Expense Supplemental	-	35.41	49.41	52.37	55.95
Selling And Marketing Expense	-	51.55	72.17	78.26	88.59
Otherunder Preferred Stock Dividend	-	7.85	2.71	2.86	0
Earnings From Equity Interest	0	-	-	-	-

Peer Comparison

Consumer Defensive sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Universal Technical Institute, Inc.this co.	UTI	$2.5B	39.23↑ premium	7.53	19.2%	17.89
The Marzetti Company	MZTI	$2.9B	17.49	2.92	16.7%	9.78
McGraw Hill, Inc.	MH	$2.3B	-26.75	8.19	-30.6%	7.71
Spectrum Brands Holdings, Inc.	SPB	$1.9B	18.97	0.99	5.2%	11.27
Weis Markets, Inc.	WMK

Learn while you research

Hand-picked academy chapters to deepen your understanding of Universal Technical Institute, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$836M

$147M

$63M

$55M

19.2%

14.0%

50.0%

2024

$733M

$117M

$42M

$62M

16.1%

20.6%

240.9%

2023

$607M

$74M

$12M

$-8M

5.5%

45.0%

-52.3%

2022

$419M

$55M

$26M

$-33M

12.0%

Metric

2021

2022

2023

2024

2025

Total Revenue

418.76

607.41

732.69

835.62

Operating Revenue

418.76

607.41

732.69

835.62

Cost Of Revenue

207.23

329.87

384.53

420.49

Gross Profit

211.53

277.54

348.16

415.12

Operating Expense

189.16

256.14

289.27

331.66

Selling General And Administration

189.16

256.14

289.27

331.66

Total Expenses

396.39

586.01

673.80

752.15

Operating Income

22.37

21.40

58.89

83.47

Total Operating Income As Reported

22.37

21.40

58.89

83.47

EBITDA

55.22

73.56

116.89

146.69

Normalized EBITDA

55.22

73.56

116.89

146.69

EBIT

22.44

27.74

65.70

89.91

Interest Income

0.51

5.86

6.31

6.17

Interest Expense

9.66

9.47

5.63

Net Interest Income

-1.50

-3.80

-3.16

0.54

Other Non Operating Income Expenses

-0.44

0.48

0.50

0.26

Other Income Expense

-0.44

0.48

0.50

0.26

Interest Income Non Operating

0.51

5.86

6.31

6.17

Interest Expense Non Operating

9.66

9.47

5.63

Net Non Operating Interest Income Expense

-1.50

-3.80

-3.16

0.54

Pretax Income

20.44

18.09

56.23

84.27

Tax Provision

-5.41

5.76

14.23

21.26

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

25.85

12.32

63.02

Net Income From Continuing And Discontinued Operation

25.85

12.32

63.02

Net Income From Continuing Operation Net Minority Interest

25.85

12.32

63.02

Net Income

25.85

12.32

63.02

Net Income Common Stockholders

12.84

4.54

38.05

63.02

Net Income Including Noncontrolling Interests

25.85

12.32

63.02

Normalized Income

25.85

12.32

63.02

Diluted NI Availto Com Stockholders

12.84

4.54

38.05

63.02

Basic Average Shares

33.22

33.98

49.43

54.30

Diluted Average Shares

33.74

34.48

50.85

55.62

Reconciled Depreciation

32.78

45.82

51.18

56.78

Reconciled Cost Of Revenue

207.23

329.87

384.53

420.49

Total Unusual Items

-2

Total Unusual Items Excluding Goodwill

-2

Preferred Stock Dividends

5.25

5.16

5.07

1.10

Special Income Charges

-2

Impairment Of Capital Assets

Depreciation Amortization Depletion Income Statement

0.80

1.17

Depreciation And Amortization In Income Statement

0.80

1.17

General And Administrative Expense

134.44

183.97

211.01

243.07

Other Gand A

40.88

53.57

63.30

81.18

Salaries And Wages

93.55

130.40

147.70

161.88

Rent Expense Supplemental

35.41

49.41

52.37

55.95

Selling And Marketing Expense

51.55

72.17

78.26

88.59

Otherunder Preferred Stock Dividend

7.85

2.71

2.86

Earnings From Equity Interest

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Universal Technical Institute, Inc.this co.

UTI

$2.5B

39.23↑ premium

7.53

19.2%

17.89

The Marzetti Company

MZTI

$2.9B

17.49

2.92

16.7%

9.78

McGraw Hill, Inc.

$2.3B

-26.75

8.19

-30.6%

7.71

Spectrum Brands Holdings, Inc.

SPB

$1.9B

18.97

0.99

5.2%

11.27

Weis Markets, Inc.

WMK

Universal Technical Institute, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Universal Technical Institute, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on