United-Guardian, Inc. (UG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	$0.16	—	—	$2.6M	—
Q4 22	—	$0.15	—	—	$2.8M	—
Q3 22	—	$0.07	—	—	$2.4M	—
Q2 22	—	$0.14	—	—	$3.6M	—
Q1 22	—	$0.2	—	—	$3.9M	—
Q4 21	—	$0.24	—	—	$3.7M	—
Q3 21	—	$0.22	—	—	$3.2M	—
Q2 21	—	$0.29	—	—	$3.7M	—
Q1 21	—	$0.26	—	—	$3.4M	—
Q4 20	—	$0.13	—	—	$2.4M	—
Q3 20	—	$0.16	—	—	$2.3M	—
Q2 20	—	$0.26	—	—	$3M	—
Q1 20	—	$0.17	—	—	$3.3M	—
Q4 19	—	$0.31	—	—	$3.8M	—
Q3 19	—	$0.23	—	—	$3.3M	—
Q2 19	—	$0.23	—	—	$3.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.46	—	—	$10.5M	—
FY24	—	$0.71	—	—	$12.2M	—
FY23	—	$0.56	—	—	$10.9M	—
FY22	—	$0.56	—	—	$12.7M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.8M	$13M	$13.4M	$13.6M	$11M	$13.9M	$12.7M	$10.9M	$12.2M	$10.5M
YoY change	-23.1%	+20.3%	+3.68%	+1.14%	-19.2%	+26.8%	-8.84%	-14.3%	+11.9%	-13.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.8M	13M	13.4M	13.6M	11M	13.9M	12.7M	10.9M	12.2M	10.5M
Cost of revenue	4.9M	5.3M	5.3M	5.7M	4.9M	5.7M	6M	5.5M	5.7M	5.4M
Gross profit	5.9M	7.7M	8.1M	7.9M	6.1M	8.2M	6.7M	5.4M	6.5M	5.1M
Gross margin	54.7%	59.1%	60.3%	58.4%	55.6%	58.7%	52.8%	49.7%	53%	48.8%
Research & development	651.8K	646.1K	399.5K	397.4K	451.2K	478.6K	490.8K	464K	456.8K	463.6K
Selling, general & administrative	1.9M	1.8M	—	—	—	—	—	—	—	—
Operating expenses	4.4M	4.2M	2.5M	2.5M	2.5M	2.5M	2.7M	2.5M	2.8M	2.9M
Operating income	3.4M	5.2M	5.6M	5.4M	3.6M	5.7M	4M	2.9M	3.6M	2.2M
Operating margin	31.5%	40.4%	41.5%	39.7%	33.1%	40.7%	31.8%	26.3%	29.9%	21.3%
Non-operating income, net	306.5K	315.2K	-114K	634.4K	524.8K	210.8K	-809.5K	387.7K	461.7K	399.7K
Pretax income	3.7M	5.6M	5.5M	6M	4.2M	5.9M	3.2M	3.3M	4.1M	2.6M
Income tax	1.1M	1.7M	1.1M	1.3M	856K	1.2M	658.2K	669.4K	857.6K	537.3K
Net income	2.6M	3.8M	4.4M	4.8M	3.3M	4.7M	2.6M	2.6M	3.3M	2.1M
Net margin	24%	29.6%	32.4%	35%	30.1%	33.4%	20.2%	23.7%	26.7%	20%
EBITDA	3.3M	5.1M	5.9M	4.9M	3.3M	5.6M	5M	2.6M	3.3M	2M
EPS	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46
Diluted EPS	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.1M	2.6M	3.3M	3.4M	3.1M	2.5M	2.5M	2.8M	2.3M	3M	2.9M	3.1M
Cost of revenue	1.7M	1.2M	1.6M	1.6M	1.4M	1.2M	1.1M	1.3M	1.3M	1.6M	1.4M	1.6M
Gross profit	1.3M	1.4M	1.7M	1.8M	1.7M	1.3M	1.4M	1.5M	953.1K	1.3M	1.4M	1.5M
Gross margin	42.8%	53.7%	52.2%	54%	54%	51.7%	54.7%	52.8%	42.1%	45%	49.6%	49.7%
Research & development	98.1K	110.2K	103K	111.7K	111.1K	131.1K	114.4K	107.9K	117.1K	124.3K	115K	124.4K
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	586.6K	608.2K	671.8K	714.4K	702.1K	725.2K	747.1K	801.9K	738K	610.7K	782K	791.7K
Operating income	721.9K	791.3K	1M	1.1M	949.1K	556.4K	610.9K	695.5K	215.1K	721.9K	642.4K	754.1K
Operating margin	23.6%	30.4%	31.5%	32.9%	31%	22.5%	24.6%	24.5%	9.5%	24.4%	22.4%	24.3%
Non-operating income, net	65.3K	139.7K	139.6K	90.5K	147.2K	84.4K	97K	95.1K	111.4K	96.1K	390.7K	163.5K
Pretax income	787.2K	930.9K	1.2M	1.2M	1.1M	640.8K	708K	790.6K	326.5K	818K	1M	917.6K
Income tax	160.4K	193.5K	240.7K	249K	230.8K	137.1K	147.1K	163.8K	58K	168.4K	214.2K	189K
Net income	626.8K	737.4K	925.4K	956.2K	865.5K	503.7K	560.9K	626.8K	268.4K	649.6K	818.9K	728.6K
Net margin	20.5%	28.3%	28.4%	28.2%	28.3%	20.3%	22.6%	22.1%	11.9%	21.9%	28.5%	23.4%
EBITDA	682K	682.9K	910.7K	1M	823.7K	498.3K	538.9K	625.5K	131K	656.5K	280.8K	620K
EPS	0.14	—	0.2	0.21	0.19	—	0.12	0.14	0.06	—	0.18	0.16
Diluted EPS	0.14	—	0.2	0.21	0.19	—	0.12	0.14	0.06	—	0.18	0.16

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	71.2M	85M	84M	90.3M	66.1M	75.6M	48M	33.1M	43.9M	28.3M	32.6M
Enterprise value	60.6M	76.5M	75.9M	82.4M	57.9M	67.4M	41.5M	24M	34.5M	19.7M	22.9M
Shares outstanding	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M	4.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.6	22.1	19.3	19	20	16.2	18.7	12.8	13.5	13.4	13.3
P/S	6.61	6.55	6.25	6.64	6.01	5.43	3.78	3.04	3.61	2.68	2.95
P/B	5.15	7.46	7.69	8.49	6.38	7.7	5.18	2.9	3.7	2.52	2.84
EV/EBITDA	18.5	14.9	12.9	16.7	17.7	12	8.33	9.29	10.5	10.1	9.36
EV/Sales	5.62	5.9	5.64	6.06	5.27	4.84	3.27	2.2	2.83	1.87	2.05
Earnings yield	3.62%	4.52%	5.18%	5.27%	5%	6.16%	5.36%	7.8%	7.4%	7.44%	7.51%
FCF yield	2.98%	4.65%	5.8%	4.83%	5.37%	6.88%	5.11%	9%	6.91%	6.74%	7.1%
PEG	—	—	—	—	—	—	—	—	—	—	0.93

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	54.7%	59.1%	60.3%	58.4%	55.6%	58.7%	52.8%	49.7%	53%	48.8%	49.7%
Operating margin	31.5%	40.4%	41.5%	39.7%	33.1%	40.7%	31.8%	26.3%	29.9%	21.3%	24.3%
Net margin	24%	29.6%	32.4%	35%	30.1%	33.4%	20.2%	23.7%	26.7%	20%	22%
ROE	18.7%	33.7%	39.8%	44.8%	31.9%	47.4%	27.7%	22.7%	27.4%	18.7%	21.4%
ROA	17.4%	29.9%	34.7%	38.5%	27.7%	38.1%	24.1%	20%	23.6%	16.1%	10.8%
ROIC	74.5%	122.9%	161.4%	156.8%	133%	271.5%	115.5%	99.1%	116.1%	67.2%	91.2%
Return on tangible assets	17.4%	29.9%	34.9%	38.6%	27.7%	38.1%	24.1%	20%	23.6%	16.1%	18.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	13.1	8.33	8.55	8.61	7.95	4.95	7.26	7.99	6.62	7.31	7.32
Quick ratio	11.9	7.39	7.47	7.71	6.95	4.35	6.04	7.19	5.86	6.41	6.64
Debt / equity	—	—	—	—	—	—	—	—	—	—	0
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	-5.68
Effective tax rate	30.2%	30.7%	20.4%	21%	20.6%	20.7%	20.4%	20.6%	20.9%	20.3%	20.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.35	2.82	2.93	2.96	2.39	3.03	2.76	2.37	2.65	2.3	2.44
EPS (basic)	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46	0.46
EPS (diluted)	0.56	0.84	0.95	1.04	0.72	1.01	0.56	0.56	0.71	0.46	0.54
Book value per share	3.01	2.48	2.38	2.31	2.25	2.14	2.02	2.48	2.59	2.44	2.53
FCF per share	0.46	0.86	1.06	0.95	0.77	1.13	0.53	0.65	0.66	0.42	0.74
Cash per share	2.32	1.84	1.78	1.72	1.78	1.78	1.41	1.98	2.05	1.87	2.09
Capex per share	0.04	0.01	0.02	0.02	0.01	0.03	0.02	0.04	0.09	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.55%	0.29%	0.56%	0.84%	0.39%	0.84%	0.59%	1.52%	3.56%	—	—
Capex / operating cash flow	7.62%	0.98%	1.59%	2.38%	1.17%	2.39%	3.69%	5.19%	12.6%	—	—
Payout ratio	133.2%	169.3%	110.7%	106.1%	108.4%	111.4%	121.6%	17.8%	84.8%	131.4%	92.6%
Dividend yield	4.83%	7.66%	5.73%	5.59%	5.42%	6.87%	6.51%	1.39%	6.28%	9.78%	8.45%

Yield

8.45%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.30

ex-dividend Jul 28, 2026

Payout ratio

93%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 28, 2026	$0.30
Feb 9, 2026	$0.25
Jul 25, 2025	$0.25
Feb 10, 2025	$0.35
Jul 23, 2024	$0.35
Feb 9, 2024	$0.25
Jul 25, 2023	$0.10
Nov 25, 2022	$0.31

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.1M	$2.6M	$3.3M	$3.4M	$3.1M	$2.5M	$2.5M	$2.8M	$2.3M	$3M	$2.9M	$3.1M
YoY change	+26.5%	-5.64%	+26.6%	+27.9%	+0.08%	-5%	-23.8%	-16.3%	-26%	+19.6%	+15.8%	+9.51%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	10.6M	8.4M	8.2M	7.9M	8.2M	8.2M	6.5M	9.1M	9.4M	8.6M
Receivables	1.6M	1.9M	1.7M	2.1M	1.4M	1.8M	1.4M	1.6M	1.4M	1.6M
Inventory	1.3M	1.3M	1.5M	1.2M	1.4M	1.4M	1.7M	1.2M	1.5M	1.5M
Total current assets	13.7M	11.9M	11.7M	11.6M	11.2M	11.6M	10M	12.3M	12.7M	12.2M
Property, plant & equipment	-1.7M	-1.9M	-2M	-2.1M	-2.2M	-2.2M	-2.3M	-2.4M	-2.4M	-2.4M
Goodwill & intangibles	—	—	59.3K	29.6K	0	—	—	—	—	—
Total assets	14.9M	12.9M	12.5M	12.4M	11.9M	12.2M	10.6M	12.9M	13.8M	13.1M
Accounts payable	82.8K	354.3K	186.8K	71.4K	31.8K	410.9K	30.4K	134.4K	425K	480.8K
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	1M	1.4M	1.4M	1.3M	1.4M	2.3M	1.4M	1.5M	1.9M	1.7M
Long-term debt	—	—	—	—	—	—	—	—	—	—
Total liabilities	1M	1.5M	1.6M	1.7M	1.6M	2.4M	1.4M	1.5M	1.9M	1.9M
Shareholders' equity	13.8M	11.4M	10.9M	10.6M	10.4M	9.8M	9.3M	11.4M	11.9M	11.2M
Total debt	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	8M	9.1M	8.6M	9.9M	9.5M	9.4M	8.1M	8.4M	8.3M	8.6M	8M	9.6M
Receivables	1.8M	1.6M	2.1M	1.7M	1.5M	1.4M	1.6M	1.9M	1.2M	1.6M	2M	1.7M
Inventory	1.2M	1.2M	1.3M	1.2M	1.2M	1.5M	1.5M	1.5M	1.4M	1.5M	1.3M	1.2M
Total current assets	11.6M	12.3M	12.4M	13.1M	12.5M	12.7M	11.7M	12.5M	11.2M	12.2M	11.8M	12.7M
Property, plant & equipment	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.4M	-2.5M	-2.5M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	12.2M	12.9M	13M	13.8M	13.3M	13.8M	12.8M	13.4M	12.2M	13.1M	12.7M	13.6M
Accounts payable	166.2K	134.4K	418.6K	336.9K	513.2K	425K	378.3K	415.6K	245K	480.8K	114.5K	499.8K
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	1.5M	1.5M	1.9M	1.7M	1.9M	1.9M	1.9M	1.9M	1.6M	1.7M	1.5M	1.7M
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	1.5M	1.5M	1.9M	1.7M	1.9M	1.9M	1.9M	1.9M	1.6M	1.9M	1.8M	2M
Shareholders' equity	10.7M	11.4M	11.2M	12.1M	11.4M	11.9M	10.8M	11.5M	10.6M	11.2M	10.9M	11.6M
Total debt	—	—	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—	—	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.6M	3.8M	4.4M	4.8M	3.3M	4.7M	2.6M	2.6M	3.3M	2.1M
Depreciation & amortization	187K	200.7K	191.9K	175.8K	165.3K	146K	135.4K	105.7K	95.9K	108.2K
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-647.7K	-124.9K	-56.9K	-295.7K	479.8K	142.4K	-474.9K	449.2K	201.5K	-148.3K
Operating cash flow	2.2M	3.9M	4.7M	4.8M	3.7M	4.9M	2M	3.2M	3.4M	2M
Capital expenditure	-166.7K	-38.1K	-75K	-113.8K	-43.4K	-116.4K	-75.2K	-165.7K	-433.1K	—
Investing cash flow	490.2K	2.8M	-308.8K	1.1M	-468.7K	-183.5K	897.6K	4.7M	-7.1M	234.3K
Dividends paid	-3.4M	-6.5M	-4.8M	-5M	-3.6M	-5.2M	-3.1M	-459.4K	-2.8M	-2.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-3.4M	-6.5M	-4.8M	-5M	-3.6M	-5.2M	-3.1M	-459.4K	-2.8M	-2.8M
Net change in cash	-758.2K	196.4K	-417.9K	797.2K	-336.2K	-495.1K	-189.7K	7.5M	-6.4M	-565.6K
Free cash flow	2.1M	4M	4.9M	4.4M	3.6M	5.2M	2.4M	3M	3M	1.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	626.8K	737.4K	925.4K	956.2K	865.5K	503.7K	560.9K	626.8K	268.4K	649.6K	818.9K	728.6K
Depreciation & amortization	25.4K	31.3K	23.7K	24.1K	21.7K	26.3K	25K	25.2K	27.3K	30.7K	29K	29.4K
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	262.5K	288.2K	-343.4K	490.1K	340.9K	-286.1K	-222.4K	-350.3K	705.8K	-293.5K	-586.1K	829.3K
Operating cash flow	922.8K	958K	676.3K	1.4M	1.2M	170.8K	401.9K	303.2K	1M	330.5K	604.5K	1.5M
Capital expenditure	-68.4K	-103.4K	-22K	-65.3K	-30.6K	-315.2K	-3.6K	—	—	—	—	—
Investing cash flow	-72.1K	-10.6K	-665.5K	7.9K	-5.6M	-835.6K	679.4K	223.9K	-754.9K	82.3K	40K	145.7K
Dividends paid	-459.4K	0	-1.1M	0	-1.6M	0	-1.6M	-10.3K	-1.1M	0	-1.1M	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-459.4K	0	-1.1M	0	-1.6M	0	-1.6M	-10.3K	-1.1M	0	-1.1M	0
Net change in cash	391.3K	947.4K	-1.1M	1.4M	-6M	-664.8K	-526.6K	516.9K	-892.4K	412.8K	-505.4K	1.7M
Free cash flow	1.1M	1M	622.2K	1.3M	1.2M	-45.9K	318.5K	285.6K	995.8K	308K	594.6K	1.5M

Date	Ratio
Sep 12, 1985	6:5
Feb 26, 1985	11:10
Apr 17, 1984	105:100

United-Guardian, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history