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Utz Brands, Inc. manufactures branded salty snacks in the United States. The company provides a range of salty snack food products, such as potato chips, tortilla chips, pretzels, cheese snacks, pub and party mixes, pork skins, and ready-to-eat popcorn, as well as other snacks which include salsa and dips; and non-branded and non-salty snacks comprising partner brands, private label, and co-manufacturing products. It offers its products under the Utz, On The Border, Zapp's, Boulder Canyon, Golden Flake, Miguelito's, Hawaiian, Bachman, Tim's Cascade, Dirty Potato Chips, TGI Fridays, and Vitner's brand names. The company distributes its products through direct-to-warehouse, direct-store-delivery, third-party distributors, and direct-to-consumer. Utz Brands, Inc. was founded in 1921 and is headquartered in Hanover, Pennsylvania.
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 | $1.4B | $124M | $1M | $9M | 0.1% | 2.1% | -95.0% |
| 2024 | $1.4B | $182M | $16M | $-2M | 2.3% | -2.0% | -163.9% |
| 2023 | $1.4B | $99M | $-25M | $21M | -3.7% | 2.1% | 6252.0% |
| 2022 | $1.4B | $91M | $-0M | $-40M | -0.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,408.40 | 1,438.20 | 1,409.20 | 1,438.80 |
| Operating Revenue | - | 1,408.40 | 1,438.20 | 1,409.20 | 1,438.80 |
| Cost Of Revenue | - | 959.34 | 1,087.40 | 1,040.10 | 1,080.50 |
| Gross Profit | - | 449.06 | 350.80 | 369.10 | 358.30 |
| Operating Expense | - | 444.40 | 327.40 | 310.10 | 348 |
| Selling General And Administration | - | 444.40 | 327.40 | 310.10 | 348 |
| Total Expenses | - | 1,403.75 | 1,414.80 | 1,350.20 | 1,428.50 |
| Operating Income | - | 4.65 | 23.40 | 59 | 10.30 |
| Total Operating Income As Reported | - | 5.34 | 16 | 58.90 | 19.50 |
| EBITDA | - | 91.33 | 99.30 | 182 | 123.50 |
| Normalized EBITDA | - | 89.92 | 104.50 | 129.20 | 92 |
| EBIT | - | 4.53 | 19.80 | 111.10 | 41.10 |
| Interest Expense | - | 42.49 | 59 | 41.70 | 41.70 |
| Net Interest Income | - | -44.42 | -60.60 | -44.90 | -43.10 |
| Other Non Operating Income Expenses | - | 0.40 | 3.20 | 2.50 | 0.70 |
| Other Income Expense | - | 1.81 | -2 | 55.30 | 32.20 |
| Interest Expense Non Operating | - | 42.49 | 59 | 41.70 | 41.70 |
| Net Non Operating Interest Income Expense | - | -44.42 | -60.60 | -44.90 | -43.10 |
| Pretax Income | - | -37.96 | -39.20 | 69.40 | -0.60 |
| Tax Provision | - | -23.92 | 0.80 | 38.70 | 7.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.30 | -1.09 | 11.09 | 6.62 |
| Net Income Continuous Operations | - | -14.04 | -40 | 30.70 | -7.70 |
| Net Income From Continuing And Discontinued Operation | - | -0.39 | -24.90 | 15.90 | 0.80 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.39 | -24.90 | 15.90 | 0.80 |
| Net Income | - | -0.39 | -24.90 | 15.90 | 0.80 |
| Net Income Common Stockholders | - | -0.39 | -24.90 | 15.90 | 0.80 |
| Net Income Including Noncontrolling Interests | - | -14.04 | -40 | 30.70 | -7.70 |
| Normalized Income | - | -1.51 | -20.79 | -25.81 | -24.08 |
| Diluted NI Availto Com Stockholders | - | -0.39 | -24.90 | 15.90 | 0.80 |
| Basic Average Shares | - | 80.09 | 81.08 | 82.10 | 86.58 |
| Diluted Average Shares | - | 80.09 | 81.08 | 85.43 | 87.77 |
| Reconciled Depreciation | - | 86.80 | 79.50 | 70.90 | 82.40 |
| Reconciled Cost Of Revenue | - | 959.34 | 1,087.40 | 1,040.10 | 1,080.50 |
| Total Unusual Items | - | 1.41 | -5.20 | 52.80 | 31.50 |
| Total Unusual Items Excluding Goodwill | - | 1.41 | -5.20 | 52.80 | 31.50 |
| Minority Interests | - | 13.65 | 15.10 | -14.80 | 8.50 |
| Special Income Charges | - | 0.69 | -7.40 | 42.60 | 8.70 |
| Gain On Sale Of Business | - | 0 | 0 | 44 | 0 |
| Other Special Charges | - | - | - | 1.30 | 0.50 |
| Gain On Sale Of Security | - | 0.72 | 2.20 | 10.20 | 22.80 |
| General And Administrative Expense | - | 150.34 | 159.20 | 129.50 | 144.30 |
| Other Gand A | - | 150.34 | 159.20 | 129.50 | 144.30 |
| Gain On Sale Of Ppe | - | 0.69 | -7.40 | -0.10 | 9.20 |
| Total Other Finance Cost | - | 1.93 | 1.60 | 3.20 | 1.40 |
| Selling And Marketing Expense | - | 294.06 | 168.20 | 180.60 | 203.70 |
| Otherunder Preferred Stock Dividend | 0.39 | - | - | - | - |
| Earnings From Equity Interest | 0.73 | - | - | - | - |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Utz Brands, Inc.this co. | UTZ | $602M | 752.57↑ premium | 0.84 | 0.1% | 12.22 |
| Westrock Coffee Company | WEST | $733M | -8.10 | -392.22 | 4841.8% | 87.41 |
| Udemy, Inc. | UDMY | $677M | 177.90 | 3.22 | 1.8% | 13.24 |
| Natural Grocers by Vitamin Cottage, Inc. | NGVC | $670M | 14.44 | 3.16 | 21.9% | 10.50 |
| Mama's Creations, Inc. | MAMA | $622M |
| - |
| - |
| - |
| - |
| 117.59 |
| 11.81 |
| 10.0% |
| 50.45 |
| Helen of Troy Limited | HELE | $582M | - | 0.73 | -112.6% | - |
| Village Super Market, Inc. | VLGEA | $573M | 11.36 | 1.28 | 11.3% | 7.37 |
| Krispy Kreme, Inc. | DNUT | $564M | - | 0.87 | -80.0% | - |
| KinderCare Learning Companies, Inc. | KLC | $480M | -4.25 | 0.64 | -14.9% | 25.06 |
| Peer Median | - | 12.90 | 1.07 | 5.9% | 19.15 | |