Ubiquiti Inc.
UI Technology Communication Equipment
Ubiquiti Inc.’s revenue for fiscal 2026 (year ended June 2026) was $3.3 billion, up 27.2% from fiscal 2025. In the quarter to June 2026, revenue grew 23.5%, EPS grew 6.80%, free cash flow grew 134.2% and total debt fell 88.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years, operating cash flow growth for three.
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Ubiquiti Inc. (UI) Altman Z-score
Ubiquiti Inc.'s Altman Z-score for fiscal 2026 is 30.41, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 30.41 | 7.06 |
| FY2025 | 23.35 | 14.51 |
| FY2024 | 8.84 | 1.42 |
| FY2023 | 7.42 | (3.68) |
| FY2022 | 11.10 | (7.63) |
| FY2021 | 18.73 | 8.25 |
| FY2020 | 10.48 | (0.54) |
| FY2019 | 11.01 | 1.94 |
| FY2018 | 9.07 | (1.57) |
| FY2017 | 10.64 | 0.45 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.55 | — | 0.66 | |
| Retained earnings / total assets | 0.64 | — | 0.90 | |
| EBIT / total assets | 0.54 | — | 1.78 | |
| Market value of equity / total liabilities | 42.63 | — | 25.58 | |
| Sales / total assets | 1.49 | — | 1.49 | |
| Altman Z-score | Safe zone | 30.41 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 11.33 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| UI Ubiquiti Inc. | 30.4× |
| LITE Lumentum Holdings Inc. compare | 13.9× |
| CIEN Ciena Corporation compare | 5.8× |
| ASTS AST SpaceMobile, Inc. compare | 4.4× |
| MSI Motorola Solutions, Inc. compare | 3.6× |
| ZBRA Zebra Technologies Corporation compare | 3.3× |
| ERIC Ericsson compare | 2.9× |
| NOK Nokia Corporation compare | 2.0× |
| HPE Hewlett Packard Enterprise Company compare | 0.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets