Uniti Group
UNIT Nasdaq Alternative Carriers Financials FY2023–FY2025
Uniti Group's revenue rose 91.5% to $2.2 billion in fiscal 2025. Its operating margin was 11.7%, down from 50.3% a year earlier. Free cash flow was −$438 million, against $12 million a year earlier. The diluted share count rose 86.2%.
What Uniti Group does
No business description yet.
- Legal name
- Uniti Group Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001628280-26-013196
0002020795
Revenue and margins
Uniti Group had $2.2B of revenue in fiscal 2025, up 91.5% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$438M in fiscal 2025, −19.6% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Uniti Group returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 86.2%.
Value Uniti Group yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$9.5B and divides by 266.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 1.0x · peers 31.5x · sector 17.3x.
Balance sheet
Cash, debt and the ratios that show how comfortably Uniti Group can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $62.3M | $156M | $53.5M |
| Debt incl. finance leases | — | $5.8B | $9.6B |
| Net debt / EBITDA | — | 6.3x | 10.3x |
| Interest coverage | 0.8x | 1.2x | 0.4x |
| Current ratio | — | 0.7x | 0.7x |
| Quick ratio | — | 0.7x | 0.7x |
| Total assets | — | $5.3B | $12.0B |
| Total liabilities | — | $7.7B | $11.7B |
| Shareholders' equity | −$2.5B | −$2.5B | $380M |
| Net debt (− = net cash) | — | $5.6B | $9.5B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 13, 2026 | Carmen Perez-CarltonDirector | Sold | 7,500 | $7.81 | $0.1M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | — | ✓ |
| Cash from operations is positive | ✓ | ✓ |
| Return on assets rose | — | — |
| Cash from operations exceeds net income | ✓ | ✕ |
| Debt fell relative to assets | — | — |
| Current ratio rose | — | ✓ |
| Share count didn't rise | ✕ | ✕ |
| Gross margin rose | — | — |
| Revenue rose relative to assets | — | — |
| F-score | — / 9 | — / 9 |
| Accruals ratio | — | 11.0% |
| Altman Z'' | — | — |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Uniti Group UNIT | $1.3B | 91.5% | 11.7% | −19.6% | 4.0% | 1.0x | — | |
| Cogent Communications CCOI | $362M | −5.8% | −10.4% | −20.3% | −3.8% | — | 4 | Compare → |
| Iridium Communications IRDM | $4.8B | 4.9% | 27.1% | 34.4% | 8.7% | 29.4x | 7 | Compare → |
| Lumen Technologies LUMN | $4.6B | −5.4% | −6.6% | 3.0% | −3.9% | — | 4 | Compare → |
| Reddit RDDT | $29.1B | 69.4% | 20.1% | 31.1% | 119.1% | 33.6x | 6 | Compare → |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $1.1B | $1.2B | $2.2B |
| Operating income | $378M | $587M | $262M |
| Interest expense | $481M | $511M | $603M |
| Pretax income | −$153M | $75.9M | $1.2B |
| Income tax | −$68.5M | −$17.5M | −$137M |
| Net income | −$81.7M | $93.4M | $1.3B |
| Diluted EPS | −$0.58 | $0.64 | $4.87 |
| Diluted shares | 0.14B | 0.14B | 0.27B |
| Cash flow | |||
| Cash from operations | $353M | $367M | $350M |
| Capital expenditure | $417M | $355M | $788M |
| Free cash flow | −$63.8M | $11.8M | −$438M |
| Depreciation and amortization | $311M | $315M | $667M |
| Stock-based compensation | $12.5M | $13.5M | $23.5M |
| Acquisitions | $0.0M | $0.0M | $230M |
| Share buybacks | $0.0M | $0.0M | $0.0M |
| Dividends paid | $107M | $109M | $0.0M |
| Dividends and buybacks | $107M | $109M | $0.0M |
| Balance sheet | |||
| Cash and short-term investments | $62.3M | $156M | $53.5M |
| Total debt | — | $5.8B | $9.5B |
| Finance lease liabilities | $0.0M | $17.2M | $57.1M |
| Current assets | — | $270M | $831M |
| Current liabilities | — | $381M | $1.1B |
| Inventory | $0.0M | $0.0M | $44.0M |
| Property and equipment, net | — | $4.2B | $8.1B |
| Total assets | — | $5.3B | $12.0B |
| Total liabilities | — | $7.7B | $11.7B |
| Shareholders' equity | −$2.5B | −$2.5B | $380M |
| Margins | |||
| Operating margin | 32.9% | 50.3% | 11.7% |
| EBITDA margin | 59.9% | 77.3% | 41.6% |
| Net margin | −7.1% | 8.0% | 58.4% |
| FCF margin | −5.6% | 1.0% | −19.6% |
| Returns | |||
| Return on capital | — | — | 4.0% |
| Return on capital employed | — | — | 3.3% |
| Return on assets | — | — | 15.1% |
| Growth | |||
| Revenue growth | — | 1.5% | 91.5% |
| Net income growth | — | — | 1,296.9% |
| EPS growth | — | — | 660.9% |
| FCF growth | — | — | −3,808.5% |
| Share count change | — | 0.4% | 86.2% |
| Financial health | |||
| Net debt / EBITDA | — | 6.3x | 10.3x |
| Interest coverage | 0.8x | 1.2x | 0.4x |
| Current ratio | — | 0.7x | 0.7x |
| Quick ratio | — | 0.7x | 0.7x |
| Capital allocation | |||
| Capex / revenue | 36.3% | 30.4% | 35.3% |
| Stock comp / revenue | 1.1% | 1.2% | 1.1% |
| Payouts / FCF | — | 919.5% | — |
| Quality scores | |||
| Accruals ratio | — | — | 11.0% |
Source: SEC EDGAR XBRL filings (CIK 0002020795). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.