Utz Brands, Inc. Class A Common Stock (UTZ) 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 %
Q2 26	$0.2	$0.19	-5.0%	—	$371.8M	—
Q1 26	$0.14	$0.15	+7.1%	—	$361.3M	—
Q4 25	$0.25	$0.26	+4.0%	—	$342.2M	—
Q2 25	$0.18	$0.17	-5.6%	—	$366.7M	—
Q1 25	$0.15	$0.16	+6.7%	—	$352.1M	—
Q4 24	$0.19	$0.22	+15.8%	—	$341M	—
Q3 24	$0.2	$0.21	+5.0%	—	$365.5M	—
Q2 24	$0.16	$0.19	+18.8%	—	$356.2M	—
Q1 24	$0.13	$0.14	+7.7%	—	$346.5M	—
Q4 23	$0.16	$0.16	0.0%	—	$352.1M	—
Q3 23	$0.16	$0.17	+6.3%	—	$371.9M	—
Q2 23	$0.12	$0.13	+8.3%	—	$362.9M	—
Q1 23	$0.1	$0.11	+10.0%	—	$351.4M	—
Q4 22	$0.12	$0.15	+25.0%	—	$354.7M	—
Q3 22	$0.14	$0.16	+14.3%	—	$362.8M	—
Q2 22	$0.12	$0.13	+8.3%	—	$350.1M	—

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	—	$0.01	—	—	$1.4B	—
FY24	—	$0.19	—	—	$1.4B	—
FY23	—	-$0.31	—	—	$1.4B	—
FY22	—	-$0	—	—	$1.4B	—
FY21	—	$0.27

Total revenue

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

Period	FY18	FY19	FY21	FY22	FY23	FY24	FY25
Revenue	$772M	$768.2M	$1.2B	$1.4B	$1.4B	$1.4B	$1.4B
YoY change	—	-0.49%	—	+19.3%	+2.12%	-2.01%	+2.09%

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	FY18	FY19	FY21	FY22	FY23	FY24	FY25
Revenue	772M	768.2M	1.2B	1.4B	1.4B	1.4B	1.4B
Cost of revenue	505.3M	514.4M	796.8M	959.3M	981.8M	914.5M	1.1B
Gross profit	266.7M	253.8M	383.9M	449.1M	456.5M	494.8M	358.3M
Gross margin	34.5%	33%	32.5%	31.9%	31.7%	35.1%	24.9%
Research & development	—	—	—	—	—	—	—
Selling, general & administrative	251.4M	228.3M	375.2M	444.4M	433.1M	435.8M	348M
Operating expenses	251.4M	228.3M	375.2M	444.4M	433.1M	435.8M	348M
Operating income	15.3M	25.5M	8.7M	4.7M	23.4M	59M	10.3M
Operating margin	1.98%	3.32%	0.74%	0.33%	1.62%	4.19%	0.72%
Non-operating income, net	4.7M	12.7M	42.1M	1.8M	-2.1M	55.3M	32.2M
Pretax income	-25.7M	-10.2M	16.1M	-38M	-39.3M	69.5M	-600K
Income tax	1.9M	3.1M	8.1M	-23.9M	757K	38.7M	7.1M
Net income	-27.6M	-13.4M	8M	-14M	-40M	30.7M	-7.7M
Net margin	-3.58%	-1.74%	0.68%	-1%	-2.78%	2.18%	-0.54%
EBITDA	52.7M	59.3M	89.1M	89.9M	104.4M	129.2M	92M
EPS	-0.55	-0.29	0.27	-0	-0.31	0.19	0.01
Diluted EPS	-0.55	-0.29	0.25	-0	-0.31	0.19	0.01

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	371.9M	352.1M	346.5M	356.2M	365.5M	341M	352.1M	366.7M	377.8M	342.2M	361.3M	371.8M
Cost of revenue	252.6M	236.8M	226.9M	231.4M	234.5M	221.6M	233.9M	239.9M	250.9M	355.8M	269.4M	275.6M
Gross profit	119.3M	115.3M	119.6M	124.8M	131M	119.4M	118.2M	126.8M	126.9M	-13.6M	91.9M	96.2M
Gross margin	32.1%	32.8%	34.5%	35%	35.8%	35%	33.6%	34.6%	33.6%	-3.97%	25.4%	25.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	105.5M	107.1M	109.4M	104.6M	110M	111.7M	113.2M	119.5M	123.1M	-7.8M	85.4M	101.3M
Operating expenses	105.5M	107.1M	109.4M	104.6M	110M	111.7M	113.2M	119.5M	123.1M	-7.8M	85.4M	101.3M
Operating income	13.8M	8.3M	10.1M	20.2M	21M	7.7M	5M	7.3M	3.8M	-5.8M	6.5M	-5.1M
Operating margin	3.7%	2.34%	2.92%	5.66%	5.74%	2.26%	1.42%	1.99%	1.01%	-1.69%	1.8%	-1.37%
Non-operating income, net	7.9M	-11.6M	32.6M	14.2M	-7.5M	16M	11.5M	11M	—	9.6M	2.1M	-400K
Pretax income	6.1M	-19M	28.9M	24.1M	932K	15.5M	5.1M	6.9M	-6.8M	-5.8M	-1.8M	-16.2M
Income tax	-10.1M	14.2M	26.5M	-1.3M	160K	13.3M	-625K	-3.2M	13.4M	-2.5M	600K	-200K
Net income	16.2M	-33.2M	2.4M	25.4M	772K	2.1M	5.7M	10.1M	-20.2M	-3.3M	-2.4M	-16M
Net margin	4.36%	-9.43%	0.69%	7.14%	0.21%	0.62%	1.61%	2.75%	-5.35%	-0.96%	-0.66%	-4.3%
EBITDA	33.2M	27.9M	27.6M	37.2M	38.6M	25.8M	23.8M	27.7M	25.1M	15.5M	29.5M	17.5M
EPS	0.2	—	-0.05	0.24	-0.03	0.03	0.09	0.12	-0.17	-0.03	-0.02	-0.11
Diluted EPS	0.19	—	-0.05	0.23	-0.03	0.03	0.09	0.12	-0.17	-0.03	-0.02	-0.11

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	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	539.2M	574.4M	—	—	1.3B	1.3B	1.3B	898.7M	1.3B
Enterprise value	538.2M	1.2B	—	—	2.2B	2.3B	2.2B	1.8B	2.9B
Shares outstanding	55.9M	55.9M	—	76.7M	80.1M	81.1M	82.1M	86.6M	86.6M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	41.8	—	830
P/S	0.7	0.75	—	—	0.9	0.92	0.91	0.62	0.87
P/B	1.26	-17.2	—	—	0.88	0.95	0.93	0.67	1.81
EV/EBITDA	10.2	20.9	—	—	24.4	21.6	16.8	19.6	31.5
EV/Sales	0.7	1.61	—	—	1.55	1.56	1.54	1.26	1.96
Earnings yield	—	—	—	—	—	—	2.39%	—	0.12%
FCF yield	0.5%	1.39%	—	—	-3.13%	1.59%	-0.13%	1.05%	8.17%
PEG	—	—	—	—	—	—	—	—	-4.33

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	34.5%	33%	—	32.5%	31.9%	31.7%	35.1%	24.9%	25.9%
Operating margin	1.98%	3.32%	—	0.74%	0.33%	1.62%	4.19%	0.72%	2.15%
Net margin	-3.58%	-1.74%	—	0.68%	-1%	-2.78%	2.18%	-0.54%	-2%
ROE	-6.46%	40.1%	—	0.56%	-0.97%	-2.89%	2.21%	-0.57%	-3.11%
ROA	-6.24%	-1.72%	—	0.29%	-0.49%	-1.46%	1.13%	-0.28%	0.07%
ROIC	3.59%	4.04%	—	0.19%	0.2%	1.01%	1.15%	0.46%	-0.03%
Return on tangible assets	-6.24%	-234.3%	—	-0.57%	1.18%	3.31%	-3.06%	0.89%	4.92%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	8.48	1.71	—	1.48	1.57	1.42	1.11	1.19	1.06
Quick ratio	8.48	1.24	—	1.06	1.07	0.97	0.76	0.82	0.69
Debt / equity	—	-20.4	—	0.63	0.68	0.71	0.68	0.76	0.79
Debt / assets	—	0.87	—	0.33	0.35	0.36	0.34	0.37	0.37
Net debt / EBITDA	—	11.2	—	9.73	10.2	8.94	6.85	9.87	11.1
Interest coverage	0.44	0.78	—	1.52	0.11	0.33	2.67	0.99	0.23
Effective tax rate	0%	0%	—	50.3%	0%	0%	55.8%	0%	0%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	13.8	13.7	—	15.4	17.6	17.7	17.2	16.6	16.5
EPS (basic)	-0.55	-0.29	—	0.27	-0	-0.31	0.19	0.01	0.01
EPS (diluted)	-0.55	-0.29	—	0.25	-0	-0.31	0.19	0.01	-0.33
Book value per share	7.65	-0.6	—	18.7	18.1	17.1	16.9	15.5	7.86
FCF per share	0.05	0.14	—	0.19	-0.5	0.26	-0.02	0.11	0.58
Cash per share	0.02	0.27	—	0.55	0.91	0.64	0.68	1.39	0.66
Capex per share	0.15	0.14	—	0.37	1.04	0.57	0.88	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.07%	1.03%	—	2.43%	5.94%	3.21%	5.11%	—	—
Capex / operating cash flow	50.8%	22.7%	—	31.9%	132.1%	62.9%	27.4%	—	—
Payout ratio	-36.8%	-85.8%	—	148.9%	-122.2%	-46.3%	70.7%	-289.6%	2.5K%
Dividend yield	1.88%	2%	—	—	1.35%	1.41%	1.69%	2.48%	1.77%

Yield

1.77%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.063

ex-dividend Sep 21, 2026

Payout ratio

2460%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 21, 2026	$0.063
Jun 22, 2026	$0.063
Apr 13, 2026	$0.063
Dec 15, 2025	$0.063
Sep 15, 2025	$0.061
Jun 16, 2025	$0.061
Apr 7, 2025	$0.061
Dec 16, 2024	$0.061

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	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	944.9K	15.1M	46.8M	41.9M	72.9M	52M	56.1M	120.4M
Receivables	—	106.8M	118.3M	131.4M	137M	135.1M	119.9M	100.8M
Inventory	—	50.9M	59.8M	79.5M	118M	104.7M	101.4M	119.3M
Total current assets	1.3M	184.1M	244.2M	277.9M	372.2M	328.1M	317.3M	384.4M
Property, plant & equipment	—	63.4M	185.6M	202.1M	211.7M	190.1M	229.2M	257.5M
Goodwill & intangibles	—	772.8M	4.1B	4.1B	4B	4B	3.7B	3.7B
Total assets	443.3M	778.5M	2.6B	2.7B	2.8B	2.7B	2.7B	2.8B
Accounts payable	115.1K	49M	57.3M	95.4M	114.4M	124.4M	150.9M	197.4M
Short-term debt	—	14.3M	9.5M	30.5M	43.5M	43.7M	40.4M	56.5M
Total current liabilities	149.4K	107.5M	200.1M	188M	237.4M	230.7M	285.3M	323.2M
Long-term debt	—	665.6M	802.6M	878.5M	949M	941.6M	900.5M	971.6M
Total liabilities	15.6M	811.9M	1.2B	1.3B	1.4B	1.4B	1.3B	1.4B
Shareholders' equity	427.7M	-33.4M	1.4B	1.4B	1.5B	1.4B	1.4B	1.3B
Total debt	—	679.9M	812.1M	909M	992.5M	985.3M	940.8M	1B
Net debt	—	664.9M	765.2M	867.1M	919.5M	933.3M	884.7M	907.7M

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	60.1M	52M	47M	66.6M	64.9M	56.1M	62.7M	54.6M	57.7M	120.4M	73.7M	58.6M
Receivables	132M	135.1M	135.2M	138M	132.9M	119.9M	135M	161.3M	133.3M	100.8M	113.4M	123.6M
Inventory	116.7M	104.7M	104.6M	100.7M	101.6M	101.4M	107.6M	125.5M	112.9M	119.3M	122.5M	128.7M
Total current assets	358.6M	328.1M	328.8M	354.4M	344.4M	317.3M	344.4M	390.5M	333.4M	384.4M	359.9M	362.1M
Property, plant & equipment	199.3M	190.1M	177M	185.1M	200.4M	229.2M	237.9M	249.9M	256.7M	257.5M	257.8M	256.7M
Goodwill & intangibles	4B	4B	3.8B	3.8B	3.7B	3.7B	3.7B	3.7B	3.7B	3.7B	3.6B	3.6B
Total assets	2.8B	2.7B	2.6B	2.7B	2.6B	2.7B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B
Accounts payable	135.9M	124.4M	115.7M	121.8M	138.8M	150.9M	157.5M	188.5M	172.2M	197.4M	188.3M	196.7M
Short-term debt	43.8M	43.7M	43.4M	35.2M	39.8M	40.4M	42.5M	48.8M	51.7M	56.5M	57.4M	65.9M
Total current liabilities	227.6M	230.7M	235.3M	209.5M	285.4M	285.3M	261.5M	303.3M	274.1M	323.2M	315M	340.7M
Long-term debt	959M	941.6M	798.1M	845.5M	826.3M	900.5M	984.5M	1B	982.7M	971.6M	980.8M	964.6M
Total liabilities	1.4B	1.4B	1.2B	1.2B	1.3B	1.3B	1.4B	1.5B	1.4B	1.4B	1.4B	1.5B
Shareholders' equity	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B
Total debt	1B	985.3M	841.5M	880.7M	866.1M	940.8M	1B	1.1B	1B	1B	1B	1B
Net debt	942.8M	933.3M	794.5M	814.1M	801.2M	884.7M	964.2M	998.6M	976.7M	907.7M	964.5M	971.9M

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	FY18	FY19	FY21	FY22	FY23	FY24	FY25
Net income	-27.6M	-13.4M	8M	-14M	-40M	30.7M	-7.7M
Depreciation & amortization	30.4M	29.3M	80.7M	86.8M	79.5M	70.9M	82.4M
Stock-based compensation	0	0	13M	10.6M	17.1M	18.3M	17.1M
Change in working capital	10.4M	16.2M	-20.6M	7.3M	24.2M	125.2M	55.7M
Operating cash flow	16.3M	35M	89.9M	63.3M	73.4M	262.5M	112.2M
Capital expenditure	-8.3M	-7.9M	-28.7M	-83.6M	-46.2M	-72M	—
Investing cash flow	-6.5M	-118.9M	-148.5M	-99.5M	-77.2M	57.5M	-35.1M
Dividends paid	-10.2M	-11.5M	-11.9M	-17.2M	-18.5M	-21.7M	-22.3M
Share repurchases	—	—	—	—	—	—	—
Financing cash flow	-16.4M	96M	-59.6M	-56.1M	-119.7M	-291.7M	39M
Net change in cash	-6.5M	12.2M	-118.3M	-92.3M	-123.5M	28.3M	116.1M
Free cash flow	2.7M	8M	14.9M	-39.8M	20.9M	-1.7M	9.4M

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	16.2M	-33.2M	2.4M	25.4M	816K	2.1M	5.7M	10.1M	-20.2M	-3.3M	-2.4M	-16M
Depreciation & amortization	19.7M	19.4M	18.3M	17.6M	17.5M	17.6M	18.7M	21.3M	20.4M	22M	22.5M	22.9M
Stock-based compensation	2.9M	5.3M	3.9M	5.3M	4.6M	4.5M	4.3M	2.7M	5.4M	4.7M	3.9M	3.2M
Change in working capital	14M	12.6M	-3.4M	1.2M	2.5M	114.4M	-31.1M	-44.3M	40.7M	65.4M	-32.3M	-16.4M
Operating cash flow	44.6M	6.3M	29.2M	50.5M	23.3M	149M	-2M	16.3M	51.2M	64.9M	-12.2M	11.7M
Capital expenditure	-7.7M	-9.3M	-7.6M	-6.1M	-21M	-37.3M	-38M	—	—	—	—	—
Investing cash flow	-16M	-18M	150.8M	-14.3M	-30.7M	-48.2M	-45.7M	-10.4M	-6.5M	-10.5M	-10.1M	-11.2M
Dividends paid	-4.6M	-4.6M	-4.6M	-4.8M	-6.5M	-5.8M	-5.4M	-6.2M	-5.3M	-5.4M	-6.2M	-5.6M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-101M	-95.2M	-154M	27.7M	-29M	-136.3M	67.6M	6.2M	-24.2M	-10.5M	-19M	-12.8M
Net change in cash	-72.3M	-106.9M	26M	63.9M	-36.4M	-35.5M	19.9M	12.1M	20.5M	43.9M	-41.3M	-12.3M
Free cash flow	37.9M	17.5M	-22.7M	-24.5M	29.1M	16.4M	-59M	-10.6M	27.7M	51.3M	-26M	-1.9M

Utz Brands, Inc. Class A Common Stock 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