Saturday 17 October 2026
Export ULBI’s income statement to Excel — free account
Ultralife Corporation
ULBI Industrials Electrical Equipment & Parts
Ultralife Corporation’s revenue for fiscal 2025 (year ended December 2025) was $191.2 million, up 16.2% from fiscal 2024. In the quarter to June 2026, revenue fell 1.27%, EPS grew 200.0%, free cash flow fell 84.8% and total debt fell 12.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
6.02
0.09
−1.47%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.43 | 13.27 | 4.30 | 22.39 | 19.61 | 0.00 | 0.00 | 14.73 | 19.26 | 0.00 |
Piotroski F-Score |
7 | 5 | 4 | 3 | 4 | 3 | 3 | 6 | 4 | 4 |
P/S ratio |
0.91 | 1.18 | 1.23 | 1.09 | 0.96 | 0.99 | 0.46 | 0.68 | 0.75 | 0.50 |
Altman Z-Score |
2.85 | 3.86 | 4.67 | 2.85 | 3.81 | 1.95 | 1.46 | 2.45 | 1.90 | 1.57 |
P/FCF ratio |
11.69 | 17.17 | 16.00 | 0.00 | 5.49 | 64.11 | 0.00 | 0.00 | 8.39 | 13.37 |
Altman Z″-Score (non-manufacturers) |
3.98 | 5.46 | 8.30 | 4.88 | 7.24 | 3.94 | 3.38 | 4.55 | 3.45 | 2.86 |
Beneish M-Score |
(2.49) | (2.43) | (1.64) | (1.68) | (3.15) | (2.76) | (2.17) | (2.22) | (2.84) | (2.77) |
P/Operating CF |
18.42 | 27.94 | 31.95 | 62.14 | 449.28 | (23.41) | 23.58 | 44.20 | 40.49 | 63.93 |
P/B ratio |
1.11 | 1.28 | 1.03 | 1.06 | 0.88 | 0.82 | 0.52 | 0.86 | 0.92 | 0.73 |
Price to Tangible BV |
1.85 | 1.96 | 1.38 | 1.59 | 1.28 | 1.56 | 0.96 | 1.48 | 1.91 | 1.29 |
EV/Sales |
0.79 | 0.98 | 0.94 | 1.18 | 0.88 | 1.11 | 0.58 | 0.77 | 1.04 | 0.71 |
EV/EBITDA |
9.96 | 9.32 | 9.16 | 12.44 | 10.95 | 29.72 | 16.45 | 9.13 | 12.01 | 0.00 |
EV/Operating CF |
8.54 | 11.48 | 7.54 | (42.55) | 4.38 | 25.27 | (60.23) | 63.68 | 10.26 | 12.33 |
EV/FCF |
10.16 | 14.19 | 12.25 | (13.66) | 5.08 | 72.34 | (25.86) | (197.18) | 11.61 | 19.04 |
Quick Ratio |
2.11 | 2.32 | 2.73 | 2.18 | 1.70 | 1.51 | 1.16 | 1.77 | 1.24 | 1.16 |
Current Ratio |
4.36 | 4.35 | 4.37 | 4.09 | 3.45 | 3.52 | 2.73 | 3.80 | 3.32 | 2.83 |
Net Debt/EBITDA |
(1.63) | (2.05) | (2.80) | 0.96 | (0.89) | 3.38 | 3.37 | 1.14 | 3.33 | (292.07) |
Debt/Assets |
0.00% | 0.00% | 0.67% | 11.87% | 2.10% | 13.07% | 12.65% | 14.37% | 24.61% | 22.89% |
Debt/Equity |
0.00 | 0.00 | 0.01 | 0.16 | 0.02 | 0.18 | 0.18 | 0.20 | 0.40 | 0.38 |
Asset Turnover |
0.99 | 0.94 | 0.80 | 0.80 | 0.76 | 0.66 | 0.80 | 0.92 | 0.82 | 0.87 |
Operating CF/Net income |
2.18 | 0.95 | 0.44 | (0.57) | 4.15 | (18.48) | 10.61 | 0.27 | 2.64 | (1.86) |
Capex/Depreciation |
(0.44) | (0.56) | (1.74) | (2.25) | (1.00) | (0.77) | (0.37) | (0.64) | (0.45) | (0.67) |
Interest Coverage |
14.31 | 35.39 | 104.05 | 13.67 | 13.08 | 0.14 | 0.14 | 4.70 | 5.14 | (1.49) |
| 5.24% | 10.41% | 27.17% | 4.86% | 4.62% | (0.20%) | (0.10%) | 5.95% | 4.86% | (4.46%) | |
| 4.22% | 8.41% | 22.87% | 3.92% | 3.71% | (0.16%) | (0.07%) | 4.15% | 3.17% | (2.70%) | |
ROIC |
4.11% | 6.67% | 5.16% | 3.85% | 3.26% | 0.02% | 0.06% | 4.21% | 3.43% | (2.16%) |
Return on Tangible Assets |
7.61% | 13.84% | 39.88% | 6.88% | 7.62% | (0.33%) | (0.17%) | 8.22% | 5.83% | (5.42%) |
Average Days of Receivables |
58.34 | 62.55 | 67.04 | 102.90 | 71.35 | 75.15 | 76.91 | 73.07 | 65.18 | 64.82 |
Research and Development Expense of Revenue |
7.21% | 5.54% | 5.17% | 6.37% | 5.52% | 6.95% | 5.37% | 4.75% | 5.03% | 5.44% |
Selling, General and Administrative Expense of Revenue |
18.67% | 17.56% | 16.65% | 15.91% | 16.26% | 18.09% | 16.83% | 13.99% | 14.64% | 15.35% |
Intangible Assets out of Total Assets |
0.32 | 0.28 | 0.22 | 0.25 | 0.26 | 0.35 | 0.32 | 0.30 | 0.32 | 0.26 |
Share Based Compensation of Revenue |
0.86% | 0.76% | 1.02% | 0.71% | 0.88% | 0.68% | 0.59% | 0.33% | 0.42% | 0.49% |
Graham Net Nets |
0.43 | 0.43 | 0.47 | 0.30 | 0.42 | 0.26 | 0.45 | 0.35 | 0.09 | 0.20 |
Graham Number |
4.80 | 7.49 | 15.24 | 7.19 | 7.39 | 0.00 | 0.00 | 8.85 | 8.40 | 0.00 |
Earnings Yield |
4.67% | 7.54% | 23.26% | 4.47% | 5.10% | (0.33%) | (0.24%) | 6.79% | 5.19% | (6.29%) |
Free Cash Flow Yield |
8.55% | 5.82% | 6.25% | (7.93%) | 18.21% | 1.56% | (4.87%) | (0.58%) | 11.92% | 7.48% |
Revenue per Share |
5.40 | 5.51 | 5.49 | 6.77 | 6.77 | 6.13 | 8.18 | 9.78 | 9.93 | 11.49 |
Operating CF per Share |
0.50 | 0.47 | 0.69 | (0.19) | 1.37 | 0.27 | (0.08) | 0.12 | 1.00 | 0.66 |
Capex per Share |
(0.08) | (0.09) | (0.26) | (0.40) | (0.19) | (0.18) | (0.10) | (0.16) | (0.12) | (0.23) |
Free Cash Flow per Share |
0.42 | 0.38 | 0.42 | (0.59) | 1.18 | 0.09 | (0.18) | (0.04) | 0.89 | 0.43 |
Cash per Share |
0.70 | 1.18 | 1.63 | 0.47 | 0.67 | 0.52 | 0.35 | 0.63 | 0.41 | 0.56 |
Shareholders Equity per Share |
4.45 | 5.09 | 6.58 | 6.95 | 7.35 | 7.34 | 7.22 | 7.74 | 8.11 | 7.82 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.45 | 5.09 | 6.58 | 6.95 | 7.35 | 7.34 | 7.22 | 7.74 | 8.11 | 7.82 |
Free Cash Flow |
6.43 | 5.88 | 6.70 | (9.25) | 18.74 | 1.51 | (2.94) | (0.62) | 14.70 | 7.12 |
Working Capital |
38.09 | 47.68 | 51.77 | 53.18 | 45.79 | 47.60 | 50.08 | 66.47 | 67.87 | 68.47 |
Capital Expenditures |
(1.22) | (1.39) | (4.18) | (6.28) | (2.98) | (2.81) | (1.68) | (2.55) | (1.93) | (3.87) |
Net Current Asset Value |
32.54 | 43.78 | 50.78 | 35.57 | 43.72 | 24.73 | 26.96 | 37.35 | 10.90 | 19.02 |
EV/EBIT |
17.37 | 12.88 | 12.52 | 17.15 | 16.68 | 3,123.07 | 589.66 | 12.97 | 17.13 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.05 | 0.06 | 0.03 | 0.03 | 0.01 | 0.02 | 0.01 | 0.02 |
Price to Operating Income |
19.99 | 15.59 | 16.35 | 15.83 | 18.05 | 2,767.53 | 468.75 | 11.35 | 12.38 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.35 | 0.33 | 0.22 | 0.12 | 0.13 | 0.16 | 0.21 | 0.19 | 0.10 | 0.14 |
Cash ROIC |
8.19% | 6.04% | 5.11% | (6.89%) | 14.36% | 1.03% | (2.05%) | (0.39%) | 7.53% | 3.76% |
Accounts Receivable Turnover |
6.65 | 6.15 | 5.69 | 4.63 | 4.21 | 4.76 | 5.49 | 5.33 | 5.38 | 6.04 |
Accounts Payable Turnover |
8.32 | 7.38 | 6.59 | 7.83 | 7.77 | 7.13 | 7.91 | 8.72 | 9.58 | 9.19 |
Inventory Turnover |
2.43 | 2.38 | 2.51 | 2.88 | 2.71 | 2.40 | 2.75 | 2.86 | 2.61 | 2.75 |
Average Days of Payables |
46.41 | 54.09 | 58.77 | 45.31 | 50.36 | 48.70 | 57.27 | 34.64 | 42.31 | 43.82 |
Days of Inventory on Hand |
149.28 | 162.04 | 135.34 | 143.62 | 131.00 | 164.54 | 146.77 | 129.00 | 153.49 | 135.82 |
Average Receivables |
12.39 | 13.92 | 15.34 | 23.06 | 25.58 | 20.64 | 24.01 | 29.77 | 30.57 | 31.66 |
Average Payables |
6.89 | 8.04 | 9.35 | 9.65 | 10.11 | 10.33 | 12.95 | 13.71 | 12.75 | 15.79 |
Average Inventory |
23.64 | 24.89 | 24.58 | 26.30 | 28.98 | 30.69 | 37.19 | 41.70 | 46.79 | 52.69 |
Average Assets |
83.13 | 90.97 | 109.02 | 132.70 | 141.13 | 148.62 | 163.98 | 173.35 | 199.36 | 218.68 |
Average Common Equity |
66.94 | 73.45 | 91.76 | 107.11 | 113.34 | 117.33 | 117.07 | 120.92 | 129.81 | 132.16 |
Columns are period end dates